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

America has gone Rogue!
December 12, 2016
Op-Ed to WSJ/NYT/DMN     Emailed to WSJ NYT DMN   Dec 12, 2016


The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains how "America has gone Rogue"!


America has gone Rogue!
December 12, 2016


rogue

a dishonest or unprincipled man.
"you are a rogue and an embezzler"
synonyms: scoundrel, villain, miscreant, reprobate, rascal, good-for-nothing, ne'er-do-well, wretch;


The United States of America has gone ROGUE!


The United States of America went rogue in January of 1968 when it adopted the Unified Budget!


The United States of America has gone rogue by operating with a corrupt and fraudulent fiscal policy that is borrowing mono
poly money from the future Americans and giving it to the current Americans. This is a classic Ponzi scheme, which I call USAPonzi, that pays the early participants with money to be paid by the late participants. The U.S. Government is corrupt! The U.S. Government is committing fiscal and accounting fraud! The U.S. Government attempts to conceal this fraud and corruption by using Cash Accounting rather than the proper GAAP Accounting.


As of December 12, 2016, the U.S. Government has fraudulently borrowed $104.5 Trillion of monopoly money from the future Americans and given it to the current Americans with most of this monopoly money going to the U.S. upper class. The amount that the U.S. Government has fraudulently borrowed from the future Americans is posted on www.usdebtclock.org as US Unfunded Liabilities (GAAP).

 

National Debt  $19.9 Trillion 
US Federal Tax Revenue  $3.30 Trillion 
Cash Deficit in FY2017  $0.59 Trillion 
GAAP Deficit in FY2017  $5.66 Trillion 
US Unfunded Future Liabilities  $84.6 Trillion 
US Unfunded Liabilities (GAAP)  $104.5 Trillion 
Imaginary-Counterfeit Money  $104.5 Trillion 
Total National Assets  $126.5 Trillion 

     Source: www.usdebtclock.org Dec 12, 2016

My formal name for this monopoly money is "imaginary-counterfeit money"; the U.S. Government imagines that the future Americans can pay it someday so it is imaginary, but the future Americans can never pay it so it is counterfeit. Therefore, I call the monopoly money that is fraudulently borrowed from the future Americans "imaginary-counterfeit money" (See The Concept of Imaginary-Counterfeit Money).


The U.S. Government is creating monopoly money out of "thin air" by pretending to borrow it from the future Americans. This is fraud because the future Americans cannot pay $104.5 Trillion. The U.S. Government officials are scoundrels! The U.S. Government officials are Liars! The U.S. Government officials are cheaters! The U.S. Government officials are criminals! The U.S. Government is lying to and cheating the U.S. Common Man! The U.S. Government is lying to and cheating the rest of the Planet! The U.S. Government is enriching the U.S. ruling class! The U.S. Government is colossally enriching the U.S. upper class!


The U.S. Government's is able to continue this Ponzi scheme by fraudulently enriching the right folks, the U.S. ruling class and the U.S. upper class. The people in power positions within the United States are willing to be part of this fraud and corruption and live with this rogue U.S. Government so that they can continue to get richer and richer. The U.S. Government is dramatically enriching itself and is colossally enriching its upper class friends while lying to and cheating the hell out of the U.S. Common Man and the rest of the Planet (See The Great Economic Divide)!


While most Americans feel like they are getting a "raw deal" compared to the U.S. upper class, they do not clearly understand why because they are being hoodwinked by the U.S. Government not telling the financial truth. The U.S. Government is being run by a bunch of scoundrels, liars, and cheaters!


Unfortunately, the U.S. Common Man is uninformed of this fraud and corruption because the media is unwilling to expose it. The U.S. Common Man does not know that "America has gone Rogue"!


The real question is; how many people in the U.S. Government know how badly they are cheating the U.S. Common Man and the rest of the Planet? I am confident that almost all U.S. Government officials know that they are cheating, but I doubt that very many of them realize that they are cheating by $104.5 Trillion.


This U.S. Government fiscal and accounting fraud can only be equitably eliminated by the adoption of GAAP Accounting (Generally Accepted Accounting Principles) and a commitment to a balanced GAAP basis budget by the U.S. Government. All sovereign entities that sponsor a currency that is used for international trade, must be required to use GAAP Accounting, or equivalent, and be required to operate with a nominally balanced budget.


This fraud is explained in CliffsNotes format (USAPonzi CliffsNotes) and is also explained in much more detail on my website www.usaponzi.com and in my book “USAPonzi” which is available on Amazon in Kindle and Paperback formats and on my website in PDF format.


This is the biggest ($104.5 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