The Biggest Ponzi Scheme on the Planet-The U.S. Government
"American Economic Exceptionalism Explained"                     USAPonzi                                      by John W. White   Mar 29, 2013

The Air Traffic Control System Debacle!
June 7, 2017       Emailed to WSJ/NYT/DMN on 6/7/17


The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains why U.S. Government fiscal and accounting fraud has exacerbated "The Air Traffic Control System Debacle"!


The "news media" has an ethical responsibility to inform the general public of how the U.S. Government is committing fiscal and accounting fraud to cheat the general public and the rest of the planet so they can "feather their own nests" and "dramatically feather the nests of their upper-class friends".


The Air Traffic Control System Debacle!
June 7, 2017


The fiscal fraud and corruption within the U.S. Government is putting extreme pressure on the U.S. Air Traffic Control System. This fraud, I call it USAPonzi, has so far produced $106.4 Trillion of imaginary-counterfeit money which has allowed us to buy far more of everything than we can afford and it is filling our skies with flying objects. We are buying airplanes, and almost everything that we own, use and consume, with money that has been fraudulently borrowed from the future Americans.


This fiscal and accounting fraud has caused The Internet Bubble, The Housing Bubble, The Bank Bubble, The Automobile Bubble, The Smartphone Bubble, The Airplane Bubble, and all kinds of other bubbles. This fraud has borrowed $106.4 Trillion of imaginary-counterfeit money from the future Americans and given it to the current Americans. This fraud, if it is allowed to continue, will borrow an infinite amount of imaginary-counterfeit money from the future Americans and give it to the current Americans but primarily to the U.S. upper class. We are buying stuff we cannot afford with money we do not have. We are taking plane rides we cannot afford. We are buying warplanes we cannot afford. We are buying commercial airliners that we cannot afford. We are buying private planes and private jets that we cannot afford.


We are buying stuff with imaginary-counterfeit money that has been fraudulently borrowed from the future Americans because we are using a fraudulent accounting system.


We are filling the skies with aircraft that we cannot afford and we are now compounding the problem by launching drones that are going to make the air traffic issue even more problematic.


The air traffic control problem is just the airborne variant of the ground based traffic issue that has been produced by "The Automobile Bubble". When the U.S. Government borrows an unlimited amount of imaginary-co
unterfeit money from the future Americans and gives it to the current Americans, as does USAPonzi, then we are going to be able to buy an infinite number of both cars and airplanes. That is going to cause traffic congestion both on the ground and in the air. An infinite number of cars and airplanes is a lot of cars and airplanes!


We are filling the planet with junk that has been purchased with the $106.4 Trillion of imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans. Let's get serious folks, the future Americans do not have $106.4 Trillion! This is a fraud! This is a Ponzi scheme! This is a hoax!


The U.S. Government has borrowed $106.4 Trillion of imaginary-counterfeit money from the future Americans and given it to the U.S. upper class so the "rich folks" can fly around in private jets that have been purchased with money that does exist! The U.S. upper class is not rich, they are just going along with the fiscal and accounting fraud that is being perpetrated by the criminals that are running the U.S. Government.


We should not take any action to privatize or upgrade the "Air Traffic Control System" until the U.S. Government starts telling the financial truth. We will not have nearly as many objects flying around in the air or running up and down our streets and highways when the U.S. Government starts using honest accounting.


Only then, can we make a proper assessment as to what should be done with the Air Traffic Control System! Only then can we make a proper assessment as to what level of healthcare we can afford! Only then can we make a proper assessment as to what level of Social Security we can afford!


We must have Truth in the U.S. Government!

 

National Debt    $19.9 Trillion 
Cash Deficit in FY2017  $0.57 Trillion 
GAAP Deficit in FY2017 
$5.56 Trillion 
US Unfunded Future Liabilities  $86.5 Trillion 
US Unfunded Liabilities (GAAP)  $106.4 Trillion 
Imaginary-Counterfeit Money 
$106.4 Trillion 
Total National Assets 
$132.1 Trillion 

Source: www.usdebtclock.org Jun 7, 2017


This U.S. Government fraud can only be equitably eliminated by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government.


I have published a website www.usaponzi.net that explains how this fraud works to create a massive global wealth and income gap between the haves and the have-nots and to create false wealth and prosperity for the current Americans. The www.usaponzi.net website is an introduction to my more detailed website www.usaponzi.com and my books "USAPonzi" (Nov 22, 2015) and "USAPonzi2" (May 1, 2017) which are available on Amazon to better explain this fraud/Ponzi scheme.


This is the biggest ($106.4 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and it is "The Biggest Ponzi Scheme on the Planet"!


John W. White

Plano, TX