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

Big Gaps among Residents of Dallas 180412
April 12, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 4/12/18


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 there are “Big Gaps among the Residents of Dallas in wealth, health care, educational opportunity, and ability to move around. This is caused by U.S. Government fiscal and accounting fraud. The U.S. Government is not operating its fiscal policy with accrual accounting and as a result it is enriching the U.S. upper class and oppressing the U.S. general public!


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!


Big Gaps among Residents of Dallas 180412
April 12, 2018


America, The Twentieth Century Plantation”!


I read the following front page article in the Dallas Morning News on April 11, 2018. This article highlights the gaps between the haves and the have-nots in Dallas, TX in the areas of wealth, health care, education, and mobility.


Report highlights big gaps among residents of Dallas
Dallas Morning News April 11, 2018


These gaps in economic opportunity, wealth, health care, education, and mobility are all caused by corruption within the U.S. Government! The U.S. Government is committing fiscal and accounting fraud to enrich the U.S. upper class and to cheat the U.S. general public! The U.S. Government is not operating its fiscal policy with accrual accounting! In the United States of America, accrual accounting is called GAAP Accounting (Generally Accepted Accounting Principles)!


The U.S. Government is not operating its fiscal policy with GAAP Accounting!


Accrual accounting stipulates that if a financial entity, in this case the U.S. Government, commits to pay future payments to another party, in this case the U.S. general public, the financial entity must accrue, set aside in a trust fund, the money to pay those promised future benefits as soon as the future benefit is earned. For the last 48 years the U.S. Government has not been properly accruing the money to pay the future benefits that it has promised to the U.S. general public.


The U.S. Government is promising future U.S. Government benefits to the U.S. general public but is not adequately accruing the money to pay for these future benefits. Because the U.S. upper class is not being taxed enough to pay for these future benefits, the U.S. upper class is getting filthy rich. Because the U.S. Government is not properly funding these future benefit promises to the U.S. general public, the U.S. general public is getting royally screwed!


As this commentary (Social Injustice of $204 Trillion) explains, this accounting fraud has enriched the U.S. upper class by $112.7 Trillion and has cheated the U.S. general public by $91.6 Trillion.


The corrupt and criminal U.S. Government has given the U.S. upper class $112.7 Trillion by undertaxing them and has screwed the U.S. general public out of $91.6 Trillion because it has underfunded the promised benefits to the U.S. general public.


Because of this fraud, the U.S. upper class is getting filthy rich and the U.S. general public is getting royally screwed!


Because of this fraud, the U.S. upper class can afford elaborate health care and much of the U.S. general public cannot pay for any part of their health care.


Because of this fraud, the U.S. upper class can afford to send their kids to outstanding schools, often to private schools, while much of the U.S. general public must send their kids to public schools that do not have the tax base to deliver a quality education.


Because of this fraud, the U.S. upper class has the money to live and work at a place of their choosing while much of the U.S. general public has few options as to what kind of work they do and where they do it.


The corrupt and criminal U.S. Government is committing fiscal and accounting fraud to dramatically elevate the standard of living of the U.S. upper class and to oppress the U.S. common man!


The corrupt and criminal U.S. Government is directly responsible for the big gaps among the residents of Dallas, the United States, and Planet Earth” simply because the U.S. Government is not using accrual accounting!


The corrupt and criminal U.S. Government is using fiscal and accounting fraud to take good care of the elite and oppress the common man!


The corrupt and criminal U.S. Government has installed a twentieth century form of slavery by committing fiscal and accounting fraud!


Donald Trump is wanting to build a wall around the plantation so we only let in the right kind of slaves!


We do not need a wall at all, we just need for the U.S. Government to start using honest accounting so the U.S. Government treats all residents of Dallas, the United States, and Planet Earth fairly (See We don't need a wall, We need the Truth Sep 5, 2016)!


As soon as the U.S. Government starts telling the financial truth by using honest accounting, economic conditions inside America will not be materially different than those outside America! This U.S. Government accounting fraud has fraudulently elevated the standard of living in America and dramatically elevated the standard of living for the elite in America!


Yes, we do need to drain the swamp in Washington, DC but Donald Trump is not the person to do it! He is a glaring example of the plantation owners that have become imaginary-counterfeit millionaires and billionaires because of this U.S. Government fiscal and accounting fraud!


The U.S. Government is being run by a bunch of scoundrels, liars, cheaters, and criminals! And it was all started by Oswald shooting JFK!


The corrupt and criminal U.S. Government has gotten the $112.7 Trillion to enrich the U.S. upper class by fraudulently borrowing it from the future Americans. The only problem is the future Americans do not have $112.7 Trillion! This money does not exist and will never exist; that is why I call it imaginary-counterfeit money.


So, while it looks like the U.S. upper class is getting rich by $112.7 Trillion, the U.S. Government is fooling them as well by giving them fake money that the corrupt and criminal U.S. Government has fraudulently borrowed from the future Americans.


This imaginary-counterfeit money, currently $112.7 Trillion, will evaporate when this fiscal and accounting fraud is properly exposed!


The corrupt and criminal U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, to create this massive wealth and income gap between the U.S. upper class and the U.S. general public!


That is why we have “Big Gaps among the residents of Dallas”!


To eliminate this massive ($112.7 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  $91.6 Trillion 
US Unfunded Liabilities (GAAP)  $112.7 Trillion 
Imaginary-Counterfeit Money 
$112.7 Trillion 
Total National Assets 

$138.0 Trillion 

Source: www.usdebtclock.org Apr 12, 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 ($112.7 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