The Blackest Black Swan Event
December 28, 2017
Emailed to WSJ/NYT/DMN, the US SEC, Nassim Taleb, Congressmen Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 12/28/17
The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, and “The Dallas Morning News” that explains why I predict that the implosion of the U.S. Government fiscal and accounting fraud, that I call USAPonzi, will be “The Blackest Black Swan Event”!
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”!
At some point, when the “news media” fails to follow its ethical responsibility to inform the general public of this U.S. Government fraud, ethical responsibility failure transitions to a criminal act by the “news media” for aiding and abetting the corrupt and criminal U.S. Government!
The Blackest Black Swan Event-The Implosion of USAPonzi
December 28, 2017
In this commentary, I will explain why I predict that the implosion of the U.S. Government fiscal and accounting fraud, that I call USAPonzi, will be “The Blackest Black Swan Event”!
What is USAPonzi!
USAPonzi is a Ponzi scheme that is being run by the U.S. Government that is borrowing money from the future Americans and giving it to the U.S. upper class. So far, USAPonzi has given the U.S. upper class $109.4 Trillion of imaginary-counterfeit money!
What is a black swan event?
The black swan theory or theory of black swan events is a metaphor that describes an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact with the benefit of hindsight.
It is my opinion that the Implosion of USAPonzi will be The Blackest Black Swan Event since Nassim Nichalos Taleb authored the terminology “black swan” in his 2007 book “The Black Swan-The Impact of the Highly Improbable”! When USAPonzi implodes, $109.4+ Trillion of imaginary-counterfeit money will evaporate into “thin air”!
The implosion of USAPonzi will come as a surprise, it will have a major effect, and it will be inappropriately rationalized after the fact with the benefit of hindsight. The implosion of USAPonzi seems to meet all of the criteria to be a black swan event.
It will come as a surprise because it is difficult to predict when a Ponzi scheme will implode, especially when both the early participants in the scheme and the operators of the scheme are so highly motivated to have it continue!
It will have a major effect just due to the sheer size of the fraud, $109.4 Trillion on December 28, 2017 as estimated by www.usdebtclock.org! This is why I say that it will become the biggest and blackest black swan event on record; $109.4+ Trillion of imaginary-counterfeit money will evaporate essentially overnight when USAPonzi implodes!
It will be inappropriately rationalized after the fact with the benefit of hindsight! This will have to be the case because many of the rich and powerful have to know that this fraud is being perpetrated and they will have to come up with an excuse for why they did not see it coming if they did not or an excuse for why the did not expose it if they did see it coming. A lot of people will have to do some fast talking to explain why they did not see it or why they did not say something if they did see it!
Explaining your role in a $109.4 Trillion fraud!
It will be interesting to see how the senior members of the U.S. Government explain how they can be a principal in the perpetration of a $109.4 Trillion fraud that is dramatically enriching them while dramatically cheating their constituents! That will be a very difficult town hall meeting; explaining how a criminal act by the U.S. ruling class is dramatically enriching the U.S. ruling class, colossally enriching the U.S. upper class, and colossally cheating the U.S. Common Man!
I predict that the implosion of USAPonzi will become “The Blackest Black Swan Event” on record! A $109.4 Trillion Black Swan Event!
The implosion of USAPonzi may be the most predictable, unpredictable Black Swan Event since Nassim Taleb introduced the Black Swan Theory! It is sure to happen; we just do not know when it will happen!
It will be a Black Day when the U.S. Government finally admits to the fact that it has been “Cooking the Books” since FY1969! The U.S. Government is committing a $109.4 Trillion fraud/crime that will become The Blackest Black Swan Event when USAPonzi implodes!
This Blackest Black Swan Event will surely leave a Black Mark on the Government of the United States of America! The U.S. Government is committing a $109.4 Trillion fiscal and accounting fraud to artificially, temporarily, fraudulently, and dramatically elevate lifestyles in America!
|Cash Deficit in FY2016
|GAAP Deficit in FY2016
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
www.usdebtclock.org December 28, 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 ($109.4 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.
John W. White