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

Causing Social Injustice-current
October 23, 2019


In this commentary, I will explain how the U.S. Government is committing a fiscal and accounting fraud that is causing social injustice!


social injustice

injustice in terms of the distribution of wealth, opportunities, and privileges within a society.


The U.S. Government is causing social injustice of $229.9 Trillion by cheating the U.S. general public by $103.5 Trillion and enriching the U.S. upper class by $126.4 Trillion!


The U.S. Government is committing a fiscal and accounting fraud by assessing and reporting its financial condition with Cash Accounting rather than proper GAAP Accounting (Generally Accepted Accounting Principles)!


The U.S. Government has underfunded the benefit promises to the U.S. general public by $103.5 Trillion because it is not taxing the U.S. upper class enough to pay for the U.S. Government benefits that it has promised to the U.S. general public!


The U.S. Government is lying to and cheating the U.S. general public by promising but not properly funding the trust funds required to pay for the U.S. Government benefit promises to the U.S. general public!


Because the U.S. Government is not using proper accounting, the U.S. Government is promising future benefits to the U.S. general public but is not taxing the U.S. upper class enough to pay for these promises! The U.S. Government is not using accrual accounting, called GAAP Accounting in America, which would properly accrue the money to pay future U.S. Government benefits!


Because of this accounting fraud, the U.S. upper class is getting rich and the U.S. general public is getting cheated! So far, the U.S. upper class has been given $126.4 Trillion (US Unfunded Liabilities (GAAP)), the U.S. ruling class has been overpaid by $22.9 Trillion (National Debt), and the U.S. general public has been cheated by $103.5 Trillion (US Unfunded Future Liabilities)!


The U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is fraudulently borrowing money from the future Americans, I call it imaginary-counterfeit money, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!


The U.S. Government is enriching the U.S. upper class by fraudulently borrowing money from the future Americans, by deferring public liabilities to future Americans that can never be paid, and giving it to the U.S. upper class by undertaxing them!


The U.S. Government is causing social injustice of $229.9 Trillion by running a Ponzi scheme, I call it USAPonzi, that is fraudulently enriching the U.S. upper class by $126.4 Trillion and fraudulently cheating the U.S. general public by $103.5 Trillion!


I have written two websites (usaponzi.net and usaponzi.com) and five books (the latest is USAPonziB) which are available on Amazon that explain how this U.S. Government fiscal and accounting fraud got started, the problems it is causing, and what I predict will happen when USAPonzi implodes!


This is the biggest ($126.4 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.


Financial data sourced from www.usdebtclock.org as of October 23, 2019.


John W White
Plano, TX