Causing Wealth and Income Inequality-current
October 1, 2020
I am a whistleblower! The U.S. Government is corrupt!
The corrupt U.S. Government is not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting)! The corrupt U.S. Government is being run by common criminals that have committed a $154.7 Trillion crime by borrowing $154.7 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and giving it to the U.S. upper class!
The corrupt U.S. Government is committing a fiscal and accounting fraud by not using proper and Generally Accepted Accounting Principles (GAAP Accounting) also called accrual accounting! The corrupt U.S. Government has undertaxed the U.S. upper class by $154.7 Trillion by not accruing the money to pay the future benefit promises to the U.S. general public!
The corrupt U.S. Government is running a Ponzi scheme, I call it USAPonzi, that is fraudulently borrowing money, I call it imaginary-counterfeit money, from the future Americans and giving it to the U.S. upper class!
The corrupt U.S. Government is in the process of printing an infinite amount of imaginary-counterfeit money and giving it to the U.S. upper class!
The corrupt U.S. Government has caused radical wealth and income inequality in America simply because the corrupt U.S. Government is not operating its fiscal policy with proper GAAP Accounting!
We have Wealth and Income Inequality in America because the corrupt U.S. Government likes the U.S. upper class a lot more than it likes the U.S. general public, $154.7 Trillion more!
It could be that the corrupt U.S. Government likes the U.S. upper class more than the U.S. general public because the U.S. upper class pays bigger bribes and make bigger campaign contributions! The U.S. upper class has plenty of imaginary-counterfeit money to pay bribes and make campaign contributions because the corrupt U.S. Government has fraudulently given the U.S. upper class $154.7 Trillion of imaginary-counterfeit money!
See Whistleblower Letter #1 to Planet Earth for more details on this accounting fraud/Ponzi scheme!
|US National Debt
|Cash Deficit in FY2020
|*GAAP Deficit in FY2020
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|US Total National Assets
Source: www.usdebtclock.org October 1, 2020
*usdebtclock.org has stopped explicitly reporting the GAAP Deficit. The GAAP Deficit is implicitly reported as the change in US Unfunded Liabilities (GAAP). US Unfunded Liabilities (GAAP) were $126.1 Trillion on October 1, 2019 the start date for FY2020, therefore the GAAP Deficit in FY2020 will be >$28.6 Trillion (>$154.7T-$126.1T = >$28.6T).
I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain this fraud and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can be downloaded from my www.usaponzi.net website.
John W White