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

Burning up Planet Earth! 190513
May 13, 2019
Emailed to WSJ/NYT/WP/DMN, the US SEC, Fed Chairman Jay Powell, Minneapolis Fed President Neel Kashkari, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, and Dallas Mayor Mike Rawlings 5/14/19



The U.S. Government is “Burning up Planet Earth”!


The U.S. Government is causing Global Warming that is “Burning up Planet Earth”!


The politicians in Washington are arguing about whether or not Global Warming is “real” while the planet is burning up” because these same politicians are causing Global Warming by not using the proper accrual accounting system to manage the U.S. Government fiscal policy!


The U.S. Government is committing a fiscal and accounting fraud that is in the process of borrowing an infinite amount of money from the future Americans, money the future Americans do not have, so the current Americans, and the rest of the planet, can build, buy, rent, and operate an infinite number of environment-polluting physical objects!


The U.S. Government is not operating its fiscal policy with proper GAAP Accounting and as a result is in the process of printing an infinite amount of counterfeit money, with GAAP basis deficit spending, and giving it to the U.S. upper class! The U.S. Government is not properly accruing for future benefit promises to the U.S. general public!


The U.S. Government has fraudulently enriched the U.S. upper class by $123.9 Trillion by deferring $123.9 Trillion of public liabilities to the future Americans! The U.S. Government has fraudulently borrowed $123.9 Trillion from the future Americans and given it to the U.S. upper class! The U.S. Government has created $123.9 Trillion, of what I call imaginary-counterfeit money, out of “thin air” and given it to the U.S. upper class by undertaxing them!


The proper use of GAAP Accounting would restrict the amount of money that could be borrowed from the future Americans to an amount that the future Americans can be reasonably expected to pay! And that amount is zero because the current Americans cannot even pay for current year U.S. Government spending that is increasing exponentially!


The U.S. Government has fraudulently borrowed $123.9 Trillion from the future Americans, that can never be paid, and given it to the U.S. upper class! The U.S. Government is in the process of printing an infinite amount of counterfeit money by deferring an infinite amount public liabilities to the future Americans and giving this counterfeit money to the U.S. upper class by undertaxing them!


This is a classic Ponzi scheme that I have named USAPonzi that is printing what I call imaginary-counterfeit money by fraudulently borrowing it from the future Americans and giving it to the U.S. upper class!


The U.S. Government is in the process of printing an infinite amount of counterfeit money so the planet can build and buy an infinite number of cars, trucks, boats, airplanes, houses, skyscrapers, factories, oil wells, airports, cities, guns, bombs etc. etc.!


The U.S. Government is causing Global Warming that is “Burning up Planet Earth”!


The U.S. Government is in the process of printing an infinite amount of counterfeit money that is “Burning up Planet Earth”!


The U.S. Government is in the process of borrowing an infinite amount of counterfeit money from the future Americans and giving it to the U.S. upper class that is “Burning up Planet Earth”!


The U.S. Government might want to make note of the fact that our debt ($22.3 Trillion) is continuing to increase and that our unfunded future liabilities ($101.6 Trillion) are continuing to increase! In fact, both our debt and our unfunded future liabilities are increasing exponentially, currently at a rate of $16.7 Billion every day (GAAP Deficit in FY2019 of $6.11T/365 days = $16.7B/day)!


The U.S. Government is “Burning up Planet Earth” by incurring an infinite amount of public liabilities!


The U.S. Government is “Burning up Planet Earth” by printing an infinite amount of counterfeit money


The global upper class is getting filthy rich because the U.S. Government is printing an infinite amount of counterfeit money!


The stock market is going up because the U.S. Government is printing an infinite amount of counterfeit money!


Real estate prices are going up because the U.S. Government is printing an infinite amount of counterfeit money!


Oil and gold prices are going up because the U.S. Government is printing an infinite amount of counterfeit money!


Amazon is selling a hell-of-a-lot of stuff and Jeff Bezos is a centi-billionaire because the U.S. Government is printing an infinite amount of counterfeit money! Amazing technology and an infinite supply of counterfeit money have made Amazon and Bezos look very successful!


Warring and terrorism are escalating because the U.S. Government is printing an infinite amount of counterfeit money!


The wealth and income gap is expanding because the U.S. Government is printing an infinite amount of counterfeit money! The rich get richer and the unrich get screwed by this accounting fraud!


The cost of health care is rising because the U.S. Government is printing an infinite amount of counterfeit money!


Social injustice is accelerating because the U.S. Government is printing an infinite amount of counterfeit money and giving it to the U.S. upper class!


Education inequality is accelerating because the U.S. Government is printing an infinite amount of counterfeit money and giving it to the U.S. upper class!


The opioid crisis is accelerating because the U.S. Government is printing an infinite amount of counterfeit money so more people can buy drugs and have the leisure time to use them!


The global economy is expanding because the U.S. Government is printing an infinite amount of counterfeit money!


The U.S. and China economies are the fastest growing economies on the planet because the U.S. has a lot of counterfeit money (moving toward infinity) and China has a lot of people!


America and China are having a trade war because China appears to be stealing our intellectual property and America is definitely stealing their goods and services by buying them with an infinite amount of counterfeit money!


America has a trade imbalance with China because we are printing an infinite amount of counterfeit money to buy their stuff! They cannot possibly buy more from us than we can buy from them because we are printing counterfeit money faster than they are earning and printing counterfeit money!


The Burning up of Planet Earth will not stop until the U.S. Government stops printing counterfeit money by borrowing it from the future Americans!


The Burning up of Planet Earth will not stop until planet earth retires most of the environment-polluting physical objects that have already been produced by this accounting fraud that I call USAPonzi!


We will need to park a hell-of-a-lot of cars, trucks, boats, and airplanes that have already been fraudulently purchased with imaginary-counterfeit money that has been fraudulently borrowed from the future Americans!


We will need to move out of a hell-of-a-lot of big houses and high-rise luxury apartments that have already been fraudulently purchased with imaginary-counterfeit money that has been fraudulently borrowed from the future Americans!


The parking and moving out of these assets will be a painful but natural process since the owners and users of these assets will not have the money or the time to maintain, operate, and use these assets when they have to start earning real money for a livelihood!


The imaginary-counterfeit money, currently $123.9 Trillion, produced by this accounting fraud will evaporate into the “thin air” from whence it came when this massive ($123.9 Trillion) accounting fraud is finally exposed!


We are filling up planet earth an unending and ever-increasing number of environment-polluting physical objects that are being purchased with an unending and ever-increasing supply of counterfeit money that the U.S. Government is fraudulently and continuously borrowing from the future Americans and giving to the U.S. upper class!


The U.S. Government has already fraudulently borrowed $123.9 Trillion from the future Americans, money the future Americans do not have, and given it to the U.S. upper class Americans! The U.S. Government fraudulently borrows another $16.7 Billion every day from the future Americans and gives it to the U.S. upper class!


The current fiscal policy of the U.S. Government is a classic Ponzi scheme (USAPonzi) because the U.S. Government is not using the proper accounting system, GAAP Accounting (Generally Accepted Accounting Principles)!


The following chart shows how global temperatures started to rise in 1969 when USAPonzi was launched with the adoption of the Unified Budget. It was in FY1969 that the U.S. Government started fraudulently borrowing an unending and ever-increasing (infinite) amount of money from the future Americans, money the future Americans do not have, so the planet could start building, buying, renting, and operating an unending and ever-increasing (infinite) number of environment-polluting physical objects!



The U.S. Government is in the process of printing an infinite amount of imaginary-counterfeit money that is causing Global Warming which is “Burning up Planet Earth”!



Help save Planet Earth by calling your congressmen and telling them to start telling the truth and stop committing this fiscal and accounting fraud!

 

National Debt  $22.3 Trillion 
Cash Deficit in FY2019  $0.95 Trillion 
GAAP Deficit in FY2019  $6.11 Trillion 
US Unfunded Future Liabilities  $101.6 Trillion 
US Unfunded Liabilities (GAAP)  $123.9 Trillion 
Imaginary-Counterfeit Money  $123.9 Trillion 
Total National Assets  $136.4 Trillion 

Source: www.usdebtclock.org May 13, 2019


This accounting fraud/Ponzi scheme 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!


You can learn more about this fraud/Ponzi scheme by reading my websites www.usaponzi.net and www.usaponzi.com or better yet by reading my fifth book on USAPonzi “USAPonziB” which is available on Amazon and on my websites in Kindle and PDF formats.


This is the biggest ($123.9 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