America is not Fair! 200201
February 1, 2020
Emailed to United Nations, Fed Chair Jay Powell, Minneapolis Fed President Neel Kashkari, Dallas Fed President Robert Kaplan, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, The U.S. SEC, NYT/WSJ/WP/CNBC/DMN on 2/1/20
America is not Fair!
America is not fair! What I am about to say is not something I want to say or something that you want to hear!
America is fraudulently enriching America and cheating the rest of the planet!
America is fraudulently enriching the upper class and cheating the general public!
America was founded on the principles of fairness and equal opportunity for all but unfortunately America is not living up to the commitments that are presented in our Declaration of Independence, our Constitution, and our Bill of Rights!
Preamble to the Declaration of Independence
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed.
The U.S. Government is not living up to these guiding principles! The U.S. Government is operating its fiscal policy with a fraudulent accounting system that provides a strong bias in favor of America relative to the rest of the planet and a strong bias in favor of the upper class relative to the general public!
From a technical and accounting system standpoint, this inequity is caused by not operating the U.S. Government’s fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting)! The U.S. Government is promising future benefits to the U.S. general public but is not taxing the U.S. upper class enough to pay for these future benefits! The U.S. Government is not properly accruing the money to pay for these future benefits!
From a practical standpoint, this means that the U.S. Government is lying to the U.S. general public by promising to pay future benefits that it will not be able to pay and is enriching the U.S. upper class by undertaxing them!
The U.S. Government is committing a criminal act that is enriching the U.S. upper class and cheating the U.S. general public!
This criminal act has created a second currency, I call it imaginary-counterfeit money, by deferring public liabilities to the future Americans! In effect, the U.S. Government is fraudulently borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!
The U.S. general public has to work to earn real money while the U.S. upper class gets paid for doing nothing with imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans!
Upper-class Americans are getting super rich with imaginary-counterfeit money while the U.S. general public is often struggling to make ends meet! Further, the U.S. general public is contributing to and counting on future benefits that the U.S. Government is not funding! This will be devastating for the U.S. general public when the U.S. Government is forced to stop paying U.S. Government benefits!
By printing what is now $128.0 Trillion of imaginary-counterfeit money, the United States of America is fraudulently creating opulence in America that is largely concentrated in the U.S. upper class!
When this fiscal policy is in the process of printing an infinite amount of imaginary-counterfeit money for the U.S. upper class and the U.S. general public is forced to earn real money, this creates an economic imbalance that is becoming increasingly intolerable for the U.S. general public!
This unfair fiscal policy is also becoming increasingly intolerable for the rest of the planet since America can now buy stuff from the rest of the planet with this imaginary-counterfeit money!
This unfair fiscal policy is allowing Americans to buy an unlimited number of cars!
This unfair fiscal policy is allowing Americans to buy an unlimited number of airplanes!
This unfair fiscal policy is allowing Americans to build and buy an unlimited number of houses, to build and buy larger and larger houses, to build and buy ever more luxurious houses!
This unfair fiscal policy is causing Global Warming that is destroying Planet Earth because we are building and buying an unlimited amount of environment-polluting physical objects with this unlimited amount of imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans!
I have presented this charge of unfairness to the U.S. Government in the following whistleblower letter!
Whistleblower Letter #4 to 116th U.S. Congress
This accounting 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!
|Cash Deficit in FY2020
|GAAP Deficit in FY2020
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org February 1, 2020
You can learn more about this fraud/Ponzi scheme by reading my websites www.usaponzi.net and www.usaponzi.com or better yet by reading my sixth book on USAPonzi “USAPonziC” which is available on Amazon.
This is the biggest ($128.0 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Great American Fraud” and “The Biggest Ponzi Scheme on the Planet”!
John W. White