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

Amazon is an Imaginary Company 4/4/18
April 4, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 4/4/18


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post” and “The Dallas Morning News” that explains why “Amazon is an imaginary company”!


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 “news media” is aiding and abetting the corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud!


Amazon is an Imaginary Company 4/4/18
April 4, 2018


Amazon is an Imaginary Company created by U.S. Government fiscal and accounting fraud!


Amazon's business model is a hoax because a huge majority of the products sold by Amazon are being purchased with imaginary-counterfeit money that the U.S. Government is creating out of “thin air” by operating with fraudulent accounting!


Amazon appears to be running a land-office business simply because the U.S. Government has borrowed $112.6 Trillion of imaginary-counterfeit money from the future Americans, money that the future Americans do not have, and given it to the U.S. upper class so that the current Americans can buy a whole-hell-of-a-lot of stuff from Amazon without having to pay for it!


President Trump is attacking Amazon as a monopoly that is not paying proper taxes and is preying on the U.S. Postal Service to have the U.S. Postal Service cheaply deliver Amazon products when Amazon appears to be a successful business only because of the corruption within the U.S. Government over which President Trump is presiding!


What neither Donald Trump or Jeff Bezos seem to understand is that the Amazon business model is operating solely on the benefit of U.S. Government fiscal and accounting fraud!


The U.S. Government is not operating with proper accrual accounting and as a result is borrowing money from the future Americans, $112.6 Trillion so far, money that the future Americans do not have, and giving it to the U.S. upper class so the current Americans can buy stuff from Amazon without having to pay for it!


The U.S. Government borrows another $16.4 Billion from the future Americans every day and gives it to the U.S. upper class so that the current Americans can continue to buy stuff, a lot of it from Amazon, without paying for it!


This fraudulent fiscal policy of the U.S. Government, if continued, will give Americans, largely the U.S. upper class, an infinite amount of imaginary-counterfeit money so Americans can buy an infinite amount of stuff from Amazon!


As long as the corrupt and criminal U.S. Government continues to operate this fraud, Jeff Bezos is going to be able to earn some really big imaginary-counterfeit money instead of just the measly $100 Billion of imaginary-counterfeit money that he has already collected from this massive $112.6 Trillion U.S. Government fiscal and accounting fraud!


Because the U.S. Government is corrupt and criminal, we are filling the planet with junk purchased with imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans! Unfortunately, the future Americans do not have $112.6 Trillion! But this is the signature attribute of a Ponzi scheme, pay the early participants in the scheme with money coming in from the late participants! A Ponzi scheme can work for quite a while until the late participants begin to smell a rat! This Ponzi scheme has been operating for 48+ years, since FY1969, when LBJ proposed and the U.S. Congress approved the Unified Budget!


The adoption of the Unified Budget should have included a switch from Cash Accounting to proper GAAP Accounting in order for the U.S. Government to start properly accruing for the future benefit promises to the U.S. general public. The U.S upper class is getting filthy rich, the U.S. general public is getting screwed, and Amazon is an imaginary company because the U.S. Government is not properly accruing for future benefit promises to the U.S. general public!


Jeff Bezos has become a centi-billionaire, net worth of over $100 Billion, simply because the corrupt and criminal U.S. Government has created $112.6 Trillion of imaginary-counterfeit money out of “thin air” by fraudulently borrowing it from the future Americans so the current Americans can buy stuff from Amazon without paying for it! The corrupt and criminal U.S. Government has deferred $112.6 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans and undertaxed the current Americans by $112.6 Trillion creating $112.6 Trillion of imaginary-counterfeit money!


President Trump is tweeting his dissatisfaction with the success of Amazon when it is his Government that is the culprit in the crime that is fraudulently creating this false success for Amazon!


Jeff Bezos has sent his management team on a “fools errand” to find Amazon HQ2! The last thing that Amazon needs is more capacity for selling more stuff to Americans that Americans cannot pay for!


Amazon, as we currently know it, will go out of business when the U.S. Government starts telling the financial truth! Hopefully that will happen soon since we are buying and building a lot of assets that are going onto the junk pile when this fiscal and accounting fraud is properly exposed!


And the Amazon product excesses are not the biggest problem! Things like houses, condos, apartments, cars, airplanes, skyscrapers, cities, airports, cruise ships, cargo ships, and football stadiums are going to be some of the more obvious and useless assets produced by this U.S. Government fiscal and accounting fraud! Americans are buying and building stuff with imaginary-counterfeit money that the corrupt and criminal U.S. Government is fraudulently borrowing from the future Americans!


These excess assets, purchased with imaginary-counterfeit money, will be eyesores for decades to come and will be a constant reminder of the corruption within the U.S. Government that caused these assets to be fraudulently produced. We will have cars on cinder blocks, airplanes in graveyards in the desert, and empty banks, stores, restaurants, malls, condos, apartments, houses, cities, and airports all over Planet Earth when this Ponzi scheme implodes!


We are buying and building stuff that we cannot effectively use because the corrupt and criminal U.S. Government has fraudulently printed $112.6 Trillion of imaginary-counterfeit money with $112.6 Trillion of GAAP basis deficit spending!


The corrupt and criminal U.S. Government has digitally printed $112.6 Trillion of imaginary-counterfeit money so that Americans can buy stuff without worrying about how they will pay for it! The corrupt and criminal U.S. Government has fraudulently deferred $112.6 Trillion of public liabilities to the future Americans by not operating with proper accrual accounting!


This accounting fraud is causing dramatic distortions throughout the planet in the global financial system and in the global economy!


The current Americans appear to have a net worth of $137.8 Trillion (Total National Assets) but $112.6 Trillion (US Unfunded Liabilities (GAAP)) of that apparent net worth has been fraudulently borrowed from the future Americans and given to the U.S. upper class!


The rich in America are getting filthy rich solely because the corrupt and criminal U.S. Government is borrowing money from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class by undertaxing them! The U.S. upper class is getting filthy rich with imaginary-counterfeit money!


This imaginary-counterfeit money will evaporate when this fraud/Ponzi scheme is exposed!


The U.S. Government is running a classic Ponzi scheme (USAPonzi) by pretending to borrow money from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class! The U.S. Government attempts to conceal this fraud by assessing and reporting its financial condition with Cash Accounting rather than the proper GAAP Accounting!


This fraud is explained in more detail in my Open Letter to Planet Earth Mar 28, 2018!


To eliminate this massive ($112.6 Trillion) fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.

 

National Debt   $21.1 Trillion  
Cash Deficit in FY2018   $0.73 Trillion  
GAAP Deficit in FY2018   $6.00 Trillion  
US Unfunded Future Liabilities   $91.5 Trillion  
US Unfunded Liabilities (GAAP)   $112.6 Trillion  
Imaginary-Counterfeit Money   $112.6 Trillion  
Total National Assets   $137.8 Trillion  

Source: www.usdebtclock.org Apr 4, 2018


This fraud/Ponzi scheme (USAPonzi) is also explained on my website www.usaponzi.net and in my third book “USAPonzi3”!


This is the biggest ($112.6 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.


John W. White
Plano, TX