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

Buffett-Genius Investor by Fraud
May 9, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 5/7/18


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 “Warren Buffett is a Genius Investor” created by U.S. Government fiscal and accounting fraud!


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 “colossally feather the nests of their upper-class friends”! The U.S. Government is not using accrual accounting!


The “news media” is aiding and abetting the corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud!


Buffett-Genius Investor by Fraud
May 9, 2018


Warren Buffett appears to be one of the most successful investors in history! His company, Berkshire Hathaway, had a market cap on May 9, 2018 of  $487 Billion!


However, this massive wealth was not gained solely by wise investing; most of this apparent wealth was produced by U.S. Government fiscal and accounting fraud!


Warren Buffett is an imaginary $85 billionaire because the U.S. Government is not using accrual accounting!


Let me be clear, I am not accusing Warren Buffett of fraud! I am accusing the U.S. Government of fraud! Warren Buffett has just been taking financial advantage of this U.S. Government fiscal and accounting fraud for nearly a half century!


Many companies now appear to be worth billions, even tens and hundreds of billions, simply because the corrupt and criminal U.S. Government has fraudulently borrowed $113.1 Trillion from the future Americans and given it to the U.S. upper class! I call this fiscal and accounting fraud USAPonzi!


The corrupt and criminal U.S. Government has created $113.1 Trillion of monopoly money out of “thin air” and given it to the U.S. upper class by using a fraudulent accounting system!


Most companies, including Berkshire Hathaway, will be worth only about 10-20% or less of their present value when this fiscal and accounting fraud is exposed!


I estimate that the stock market will fall by 80% or more when this fraud is exposed since 81.4% of our wealth (Total National Assets of $139.0T in the table below) is imaginary-counterfeit money ($113.1T/$139.0T = 0.814) that has been fraudulently borrowed from the future Americans! I predict that the stock market will fall by more than 80% when USAPonzi implodes because of the additional impact of the animal juices produced by the “Trump Rally” that has run the stock market up even more since Trump's election!


Warren Buffett was incorrect on May 7, 2018 at 5:30AM CDT, when he said on CNBC that the stock market was not in a bubble! The entire global financial system is in a $113.1 Trillion financial bubble of imaginary-counterfeit money created by a corrupt and criminal U.S. Government that is not using proper accounting (See The Oswald Financial Bubble)!


Warren Buffett was an investing genius who recognized the impact of this massive U.S. Government accounting fraud very early so that he could create massive but phantom wealth for himself and his investors!


Warren Buffett, who appears to be one of the most successful investors in history, recently purchased 75 million shares of Apple stock giving Berkshire Hathaway 240 million shares of Apple stock valued at $44.2 Billion! This is an ill-advised investment for Berkshire Hathaway since the customers of Apple are buying Apple products with $113.1 Trillion of imaginary-counterfeit money that the corrupt and criminal U.S. Government has fraudulently borrowed from the future Americans and given to the current Americans.


Author's Note 1: Warren Buffett has known about this accounting fraud since 1975 (See Buffett Makes $9M a day from U.S. Government Fraud). Warren Buffett and his investors have appeared to have gotten filthy rich from this U.S. Government accounting fraud!


Author's Note 2: After listening to Warren Buffett on CNBC on the morning of May 7, 2018 at 5:30AM CDT I was truly depressed; he has apparently forgotten what he told Katherine Graham in 1975! His message to Katherine Graham, then CEO of the Washington Post, was be careful about making defined benefit pension promises without have the management conviction to fund these pension promises. The U.S. Government has been doing, for 49 years, exactly what Warren Buffett warned Graham of in 1975. That morning, on CNBC, Warren Buffett said that stocks are not in a bubble, when stocks are in a $113.1 Trillion financial bubble created by U.S. Government accounting fraud! Who can you believe when you cannot believe Warren Buffett?


The corrupt and criminal U.S. Government has digitally printed $113.1 Trillion of imaginary-counterfeit money and given it to the U.S. upper class with GAAP basis deficit spending! This is why the U.S. upper class is getting rich! This is why the stock market goes up! This is why we have bubbles in all asset classes! The corrupt and criminal U.S. Government is printing monopoly money and giving it to the U.S. upper class! This is why we have a wealth and income gap! The U.S. Government likes the U.S. upper class a lot more, $113.1 Trillion more, than it likes the U.S. general public!


When this accounting fraud is exposed, Apple will not be selling nearly as many products as it is selling now!


When this accounting fraud is exposed, Warren Buffett will not be nearly as rich as he appears to be now!


When this accounting fraud is exposed, Warren Buffett will not appear nearly as smart, or honest, as he appears to be now!


The U.S. Government is borrowing money ($113.1 Trillion) from the future Americans, money that the future Americans do not have, and giving it to the current Americans so we can buy a lot of smartphones and other stuff from Apple without having to pay for it (See How LBJ financed the Smartphone Phenomenon)!


The U.S. Government is pretending to borrow money from the future Americans, money the future Americans do not have, and giving it to the current Americans, primarily the U.S. upper class, so Americans can buy a lot of stuff from Apple and all other companies! The corrupt and criminal U.S. Government is borrowing an unending stream of money from the future Americans so the current Americans can buy an unending stream of stuff from Apple and all other companies!


The corrupt and criminal U.S. Government is not operating its fiscal policy with proper accrual accounting!


In fiscal year 1969, the U.S. Government adopted the “Unified Budget” which launched a Ponzi scheme fiscal policy that I have named USAPonzi. The U.S. Government is running a classic Ponzi scheme by deferring an unlimited amount of public liabilities to the future Americans so that the current Americans can buy an unlimited amount of stuff without having to pay for it! This Ponzi scheme is caused by the U.S. Government not adhering to the rules of accrual accounting!


The U.S. Government is borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class! So far, this accounting fraud has borrowed $113.1 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class and is borrowing $16.5 Billion more money every day from the future Americans and giving it to the U.S. upper class (GAAP basis deficit in FY2018 = $6.01T/365 days = $16.5B/day)!


I call this fraudulently borrowed money imaginary-counterfeit money because the corrupt and criminal U.S. Government is borrowing money from the future Americans that the future Americans do not have and giving it to the U.S. upper class! This fraudulently borrowed money is both imaginary and counterfeit because the future Americans do not have $113.1 Trillion! This is a $113.1 Trillion fraud!


The U.S. Government is creating the illusion of wealth and prosperity in America by committing a fiscal and accounting fraud that has fraudulently borrowed $113.1 Trillion of monopoly money from the future Americans and given it to the U.S. upper class!


Berkshire Hathaway is a Miracle Company that has been created by a corrupt and criminal U.S. Government that is committing fiscal and accounting fraud because it is not using proper accrual accounting!


We have 535 criminals in the U.S. Congress and an untold number in the White House, on Wall Street, and on Main Street!


This fraud is explained in more detail in my Open Letter to Planet Earth commentary!


The U.S. Government is filled with scoundrels, liars, cheaters, and criminals that are running a massive Ponzi scheme because they are not operating the U.S. Government fiscal policy with proper accrual accounting!


To eliminate this massive fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget. GAAP Accounting (Generally Accepted Accounting Principles) is the commonly used name in America for the accounting guidelines for accrual accounting!

 

National Debt   $21.2 Trillion  
Cash Deficit in FY2018   $0.75 Trillion  
GAAP Deficit in FY2018   $6.01 Trillion  
US Unfunded Future Liabilities   $91.9 Trillion  
US Unfunded Liabilities (GAAP)   $113.1 Trillion  
Imaginary-Counterfeit Money   $113.1 Trillion  
Total National Assets   $139.0 Trillion  

Source: www.usdebtclock.org May 9, 2018


This fraud/Ponzi scheme (USAPonzi) is explained in much more detail on my websites www.usaponzi.net and www.usaponzi.com and in my books “USAPonzi”, “USAPonzi2”, and “USAPonzi3”!


This is the biggest ($113.1 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