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

Buying stuff with imaginary-counterfeit money! 6/15/17
June 15, 2017     Emailed to WSJ/NYT/DMN 6/15/17


The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains how Americans are buying stuff with imaginary-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 stuff with imaginary-counterfeit money! 6/15/17

June 15, 2017


This is why we have so damn many cars on the road!
(See Plano readies roads for Toyota employees)


Americans are buying stuff with imaginary-counterfeit money! We are buying stuff that we cannot afford with money that we do not have! Then where does this money come from? The U.S. Government borrows it from the future Americans by deferring public liabilities to the future Americans. The U.S. Government does not tell us how much it is borrowing from the future Americans because the U.S. Government is using fraudulent accounting. The U.S. Government is operating with Cash Accounting rather than the proper GAAP Accounting (Generally Accepted Accounting Principles).


As of June 15, 2017, the U.S. Government has borrowed $106.5 Trillion from the future Americans and has given it to the current Americans by undertaxing them. The U.S. upper class gets most of this imaginary-counterfeit money because they are the taxpayers that should be paying these taxes.


This is why so many of the cars on the road are big fine cars!
(See Tesla-The Imaginary Car)


$106.5 Trillion of imaginary-counterfeit money can buy a whole hell of a lot of Bentleys, Teslas, Mercedes, BMWs, Porsches, Lexuses, Toyotas, Hondas, Chevrolets, Fords, etc. etc. etc.


The U.S. upper class is getting filthy rich because the U.S. Government has fraudulently borrowed $106.5 Trillion from the future Americans and given it to the U.S. upper class by undertaxing them. I call this fraudulently borrowed money imaginary money because the U.S. Government likes to imagine/pretend that the future Americans can eventually pay it. I call this money counterfeit money because the future Americans can never pay it. Therefore, I call the money that the U.S. Government has fraudulently borrowed from the future Americans; imaginary-counterfeit money since it is both imaginary and counterfeit!


The U.S. upper class is getting rich with imaginary-counterfeit money!


Americans are buying stuff they cannot afford with money they do have by spending the imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans with GAAP basis deficit spending.


This is fraud! The U.S. Government is corrupt! The U.S. upper class is getting rich with imaginary-counterfeit money. The U.S. ruling class is getting overpaid with imaginary-counterfeit money! The U.S. Common Man is getting ripped off because the U.S. Government is not funding the U.S. Government benefit promises that it has made so that it can undertax the U.S. upper class and overpay the U.S. ruling class! The rest of the planet is getting ripped off because we are buying their stuff with the imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans.


The senior officials of the U.S. Government are common criminals because they are significant financial beneficiaries of this U.S. Government fiscal and accounting fraud that they themselves are perpetrating.


The U.S. Government is running a classic Ponzi scheme (USAPonzi) by operating its fiscal policy with Cash Accounting!


We must re-establish integrity within the U.S. Government! We must have Truth in the U.S. Government! The U.S. Government must start using an honest accounting system!


Americans are buying stuff with imaginary-counterfeit money that the U.S. Government has fraudulently borrowed (US Unfunded Liabilities (GAAP)) from the future Americans! And the U.S. Government is borrowing more imaginary-counterfeit money every day with GAAP basis deficit spending of $5.56 Trillion in FY2017!


We are filling the planet with junk that is being purchased with imaginary-counterfeit money!


National Debt    $19.9 Trillion 
Cash Deficit in FY2017  $0.57 Trillion 
GAAP Deficit in FY2017 
$5.56 Trillion 
US Unfunded Future Liabilities  $86.6 Trillion 
US Unfunded Liabilities (GAAP)  $106.5 Trillion 
Imaginary-Counterfeit Money 
$106.5 Trillion 
Total National Assets 
$131.6 Trillion 

Source: www.usdebtclock.org Jun 15, 2017


This U.S. Government fraud 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.


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 is the biggest ($106.4 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and it is "The Biggest Ponzi Scheme on the Planet"!


John W. White

Plano, TX