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

Buying Cars with Counterfeit Money!
December 14, 2017
Emailed to WSJ/NYT/DMN, the US SEC, and Congressman Pete Sessions on 12/14/17


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, and “The Dallas Morning News” that explains how U.S. Government fiscal and accounting fraud is allowing Americans to buy cars with counterfeit money!


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”!


Buying Cars with Counterfeit Money!
December 14, 2017


Corruption in Washington, DC is causing traffic jams all over America and even in other parts of the planet!


I know that a lot of people think that I am obsessed with this project to expose U.S. Government fraud and corruption but this fraud is causing the entire planet to do things that are not, in the long run, productive for the good of mankind. This fraud is creating abundance for the elite, oppressing the common man, and setting the stage for the next global economic depression!


By now it should be obvious to most people that traffic is getting worse and worse! Unless we can get the criminals in Washington, DC to stop printing counterfeit money this problem will continue to get worse and worse!


Americans are buying cars with counterfeit money!


We have a severe case of group greed in the United States of America that is being sponsored by the corrupt U.S. Government! The U.S. Government is using fraudulent accounting that is creating money out of thin air” that Americans are using to buy stuff that we have not earned the right to own! It is not just cars it is everything; cars, planes, trains, houses, apartments, condos, military equipment, TVs, smartphones, computers, food, coffee, football tickets, shirts, tennis shoes, etc. etc. etc.


We are filling the planet with junk that we are buying with counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans!


This problem is getting very, very serious because we have been doing this for 48 years and the problem is getting exponentially worse every day!


So far the corrupt U.S. Government has borrowed $109.2 Trillion from the future Americans and given it to its special friends, the U.S. upper class, so that they can buy Bentleys, Rolls Royces, and Teslas. The U.S. Government borrows another $15.5 Billion every day to keep this Ponzi scheme going!


We are to the point now where this fraud is so severe that it is starting to impede our ability to get anything of meaning accomplished! It is causing us to pile up people, cars, and buildings in concentrated areas where it is difficult to produce anything of real value!


America appears to be the wealthiest and most prosperous country on the planet simply because the U.S. Government is printing imaginary-counterfeit money at the rate of our GAAP basis deficit spending and giving it to the U.S. upper class!


The criminal U.S. Government is causing mass confusion and distortion in the global economy and the global financial system by using fraudulent accounting!


This fraud, I call it USAPonzi, is caused by the U.S. Government not using proper GAAP (accrual accounting) Accounting!


The impact that this accounting fraud is having on the global economy may be best explained in Whistleblower Letter #13 that I sent to the U.S. Securities and Exchange Commission on November 25, 2017.


The U.S. Government is committing fiscal and accounting fraud!


Americans are buying cars with counterfeit money!

 

National Debt  $20.6 Trillion 
Cash Deficit in FY2018  $0.67 Trillion 
GAAP Deficit in FY2018  $5.66 Trillion 
US Unfunded Future Liabilities  $88.6 Trillion 
US Unfunded Liabilities (GAAP)  $109.2 Trillion 
Imaginary-Counterfeit Money  $109.2 Trillion 
Total National Assets  $133.8 Trillion 

Source: www.usdebtclock.org Dec 12, 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 ($109.2 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