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

America is living opulently on borrowed money
December 21, 2017
Emailed to WSJ/NYT/DMN, the US SEC, and Congressman Pete Sessions on 12/22/17


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, and “The Dallas Morning News” that explains how America is living opulently on fraudulently borrowed money!


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”!


America is living opulently on borrowed money

December 21, 2017


The United States of America is living opulently on fraudulently borrowed money! This is especially true for the U.S. upper class and the U.S. ruling class!


The corrupt and criminal Government of the United States of America is committing fiscal and accounting fraud to elevate the standard of living in America!


The corrupt and criminal U.S. Government has fraudulently borrowed $109.3 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class! Americans, primarily the U.S. upper class, now have an estimated net worth of $134.0 Trillion (Total National Assets) primarily because the U.S. Government has fraudulently borrowed $109.3 Trillion of imaginary-counterfeit money from the future Americans and given it to the U.S. upper class. I call this fraudulently borrowed money “imaginary-counterfeit money” because the future Americans do not have $109.3 Trillion!


The corrupt and criminal U.S. Government is committing fiscal and accounting fraud by spending and promising to spend money that it knows that it cannot possibly pay!


The United States of America is living opulently because the corrupt and criminal U.S. Government is committing a criminal act!


The global general public needs to be informed that the U.S. upper class is getting richer and richer because the corrupt and criminal U.S. Government is fraudulently borrowing fake 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. Government is operating with Cash Accounting rather than the proper GAAP Accounting to conceal most of this borrowing. The U.S. Government is under-accruing by $88.7 Trillion (US Unfunded Future Liabilities) for the future benefit promises that it has made to the U.S. general public, so it is not telling the U.S. general public and the rest of the planet that it has actually borrowed $109.3 Trillion from the future Americans. Cash Accounting only reports the cash borrowing of the U.S. Government which is now $20.6 Trillion; our National Debt!


Americans are making most of their purchases with the $109.3 Trillion of imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans. The U.S. Government borrows another $15.5 Billion more imaginary-counterfeit money every day! This U.S. Government fraud, if continued, will borrow an infinite amount of imaginary-counterfeit money from the future Americans and give it to the U.S. upper class!


The corrupt and criminal U.S. Government is using fiscal and accounting fraud to enrich the elite and oppress the rest!


That is why the U.S. upper class is getting so rich! That is why America appears to be the wealthiest and most prosperous country on the planet! That is why the stock market continues to go up!


That is why we have so many cars on the roads. We are buying them with an exponentially increasing stream of imaginary-counterfeit money!


That is why we are buying and building bigger and bigger and finer and finer houses, condos, and apartments! We are buying and building them with an exponentially increasing stream of imaginary-counterfeit money!


That is why we are filling the planet with “junk that we are purchasing with an ever-expanding stream of imaginary-counterfeit money that the corrupt and criminal U.S. Government is fraudulently borrowing from the future Americans!


The corrupt and criminal U.S. Government is committing fiscal and accounting fraud that is borrowing a never-ending stream of imaginary-counterfeit money from the future Americans and giving it to the U.S. upper class.


The corrupt and criminal U.S. Government is operating with a fiscal policy that is a classic Ponzi scheme, I call it USAPonzi, that is paying the current Americans with the future Americans' money! $109.3 Trillion so far! Money the future Americans do not have!


America is living opulently on fraudulently borrowed money!


America is living opulently on U.S. Government fraud!

 

National Debt  $20.6 Trillion 
Cash Deficit in FY2016  $0.67 Trillion 
GAAP Deficit in FY2016  $5.66 Trillion 
US Unfunded Future Liabilities  $88.7 Trillion 
US Unfunded Liabilities (GAAP)  $109.3 Trillion 
Imaginary-Counterfeit Money  $109.3 Trillion 
Total National Assets  $134.0 Trillion 

www.usdebtclock.org December 21, 2017


To eliminate this fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.


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 fraud/Ponzi scheme is also explained in “short story style” in my October 1, 2017 commentary USAPonzi CliffsNotes and in my October 8, 2017 commentary USAPonzi Elevator Speech.


This is the biggest ($109.3 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