Balance the Scales of Justice!
June 21, 2017 Emailed to WSJ/NYT/DMN on 6/21/17
The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains why the U.S. Government must "Balance the Scales of Justice"!
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".
Balance the Scales of Justice!
June 21, 2017
The Scales of Justice in the United States are dramatically tilted in favor of the U.S. upper class and against the U.S. Common Man!
The U.S. Government is operating with a corrupt and fraudulent fiscal policy and accounting system that is enriching the U.S. upper class and cheating the U.S. Common Man! The U.S. Government must "Balance the Scales of Justice" by adopting the proper accounting system (GAAP Accounting: Generally Accepted Accounting Principles) and committing to a balanced GAAP basis budget!
The U.S. Government has fraudulently given the U.S. upper class $106.5 Trillion!
The U.S. Government has created this $106.5 Trillion out of "thin air" by borrowing it from the future Americans!
For the last 48 years, the U.S. Government has been operating with Cash Accounting and an unbalanced Cash basis budget. This fiscal policy has undertaxed the U.S. upper class by $106.5 Trillion making the U.S. upper class super rich, has overpaid the U.S. ruling class by $20.0 Trillion making many in the U.S. ruling class rich, and has underfunded the U.S. Government benefit promises to the U.S. Common Man by $86.5 Trillion putting the retired, the old, the disabled, and the underprivileged at great financial peril!
The U.S. Government is committing fiscal and accounting fraud to enrich themselves, to colossally enrich the U.S. upper class, and to cheat the U.S. Common Man!
By operating with Cash Accounting, the U.S. Government has deferred $106.5 Trillion of public liabilities to the future Americans. The U.S. Government has borrowed $106.5 Trillion from the future Americans and given it to the current Americans. This is fraud because the future Americans do not have $106.5 Trillion. This is a Ponzi scheme because the U.S. Government is paying the current participants in the scheme with the future participants' money.
I call this Ponzi scheme; USAPonzi!
I call this fraudulently borrowed money; imaginary-counterfeit money! It is imaginary because it does not exist except in the criminal mind of the U.S. Government. It is counterfeit because the future Americans cannot pay it!
Not only is the U.S. Government cheating the U.S. Common Man, the U.S. Government is also cheating the rest of the planet! The U.S. Government has borrowed $106.5 Trillion of imaginary-counterfeit money from the future Americans so that the current Americans can buy stuff from the rest of the planet with this fraudulently borrowed imaginary-counterfeit money!
The U.S. Government must "Balance the Scales of Justice" by adopting honest accounting!
The U.S Government is corrupt! The senior officials in the U.S. Government are criminals because they are financial beneficiaries of this massive ($106.5 Trillion) fraud!
Telling the truth, with honest accounting, is a lot easier to explain than 48 years of lying because of this fiscal and accounting fraud. The U.S. Government started "Cooking the Books" in FY1969 when Lyndon Baines Johnson convinced the U.S. Congress that he could balance the budget with his proposal for a "Unified Budget" by borrowing and spending the money in the social benefit trust funds! This action is what launched the Ponzi scheme fiscal policy that I now call USAPonzi.
|| $20.0 Trillion
|Cash Deficit in FY2017
|GAAP Deficit in FY2017
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org Jun 21, 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 ($106.5 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