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

Cooking the Books by $113.0 Trillion! 180425
April 25, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 4/25/18


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post”, and “The Dallas Morning News” that explains how the corrupt and criminal U.S. Government is “Cooking the Books by $113.0 Trillion!


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”!


The “news media” is aiding and abetting the corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud!


Cooking the Books by $113.0 Trillion! 180425
April 25, 2018


As this website has been reporting for now more than five years; the U.S. Government has been “Cooking the Books” since 1969!


The corrupt and criminal U.S. Government has created $113.0 Trillion of
imaginary-counterfeit money out of “thin air” and given it to the U.S. upper class by “Cooking the Books”!


The stock market goes up continually because of this U.S. Government fraud!


The global economy appears to be in synchronized growth mode because of this U.S. Government fraud!


The corrupt and criminal U.S. Government is using one of the simplest accounting fraud techniques in the history of accounting fraud to “Cook the Books”! The U.S. Government is operating its fiscal policy with cash accounting rather than the proper accrual accounting! The corrupt and criminal U.S. Government is not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting) and therefore is not taxing the U.S. upper class to pay for current period spending or to accrue for future period U.S. Government benefit promises!


The corrupt and criminal U.S. Government has deferred $113.0 Trillion of public liabilities to the future Americans so that it can undertax and enrich the U.S. upper class by $113.0 Trillion! Let me say that one more time! The corrupt and criminal U.S. Government has deferred $113.0 Trillion of public liabilities to the future Americans so that it can undertax and enrich the U.S. upper class by $113.0 Trillion!


US Unfunded Liabilities (GAAP) = $113.0 Trillion!


The corrupt and criminal U.S. Government has chosen to underfund the U.S. Government benefit promises to the U.S. general public by $91.8 Trillion so that it can undertax and enrich the U.S. upper class by $91.8 Trillion! Let me say that one more time! The corrupt and criminal U.S. Government has chosen to underfund the U.S. Government benefit promises to the U.S. general public by $91.8 Trillion so that it can undertax and enrich the U.S. upper class by $91.8 Trillion!


US Unfunded Future Liabilities = $91.8 Trillion!


The corrupt and criminal U.S. Government has chosen to defer $21.2 Trillion of debt to the future Americans so that it can overpay the U.S. ruling class and undertax and enrich the U.S. upper class by $21.2 Trillion! Let me say that one more time! The corrupt and criminal U.S. Government has chosen to defer $21.2 Trillion of debt to the future Americans so that it can overpay the U.S. ruling class and undertax and enrich the U.S. upper class by $21.2 Trillion!


National Debt = $ 21.2 Trillion!


US Unfunded Liabilities (GAAP) = US Unfunded Future Liabilities + National Debt!
                             $113.0 Trillion  =             $91.8 Trillion         +             $21.2 Trillion


The corrupt and criminal U.S. Government has fraudulently given the U.S. upper class $113.0 Trillion by fraudulently deferring $113.0 Trillion of public liabilities to the future Americans. However, the future Americans cannot pay these public liabilities of $113.0 Trillion, therefore the corrupt and criminal U.S. Government has committed fiscal and accounting fraud to enrich the U.S. upper class by $113.0 Trillion! The U.S. Government has fraudulently given the U.S. upper class $113.0 Trillion of imaginary-counterfeit money! This $113.0 Trillion of gain by the U.S. upper class is both imaginary and counterfeit! This money does not exist!


GAAP basis deficit spending of $113.0 Trillion has digitally printed $113.0 Trillion of imaginary-counterfeit money and stuffed it into the pockets of the U.S. upper class by undertaxing them by $113.0 Trillion! This is how the U.S. upper class is getting rich, the U.S. Government is creating wealth for the U.S. upper class out of “thin air” by committing fiscal and accounting fraud! This fraud, if continued, will give the U.S. upper class infinite imaginary-counterfeit wealth!


By not using accrual accounting, the corrupt and criminal U.S. Government has fraudulently borrowed $113.0 Trillion of imaginary-counterfeit money from the future Americans, money the future Americans do not have, and given it to the U.S. upper class by undertaxing them!


Pure and simple, that is why we have a wealth and income gap! The U.S. Government has committed fiscal and accounting fraud to enrich the U.S. upper class by $113.0 Trillion! The U.S. Government is corrupt! The senior members of the U.S. Government are common criminals! The senior members of the U.S Government have committed a $113.0 Trillion criminal act! The corrupt and criminal U.S. Government has given the U.S. upper class $113.0 Trillion of monopoly money!


For the last 49 years, the U.S. Government has been fraudulently borrowing imaginary-counterfeit money ($113.0 Trillion so far) from the future Americans and giving it to the U.S. upper class! The corrupt and criminal U.S. Government has been committing fiscal and accounting fraud by operating with Cash Accounting rather than the proper GAAP Accounting (Generally Accepted Accounting Principles), also called accrual accounting, to effect this fraudulent transfer of imaginary-counterfeit money from the future Americans to the U.S. upper class!


The U.S. Government is fraudulently enriching the U.S. upper class, is fraudulently cheating the U.S. general public, is fraudulently overpaying the U.S. ruling class, and is fraudulently cheating the rest of the planet by committing fiscal and accounting fraud (See Open Letter to Planet Earth for more details on this fraud)!


The corrupt and criminal U.S. Government has borrowed money, $21.2 Trillion, to overpay itself that it has no intention or capability to pay back!


The corrupt and criminal U.S. Government has deceived the U.S. general public by promising to pay them future benefits of $91.8 Trillion that it has no intention or capability to pay!


The corrupt and criminal U.S. Government has fraudulently borrowed $113.0 Trillion from the future Americans, money that the future Americans do not have, and given it to the U.S. upper class!


The corrupt and criminal U.S. Government has committed a $113.0 Trillion fiscal and accounting fraud!


Because of this fraud, the U.S. Government has committed a massive social injustice by enriching the U.S. upper class by $113.0 Trillion and cheating the U.S. general public out of $91.8 Trillion so the rich can live like kings and the poor cannot afford to live in the Ponzi economy where the rich have unimaginable but imaginary-counterfeit wealth and the poor often cannot find a decent paying job!


The U.S. general public is going to be really, really pissed when they are properly informed of this U.S. Government fiscal and accounting fraud that I call USAPonzi! The corrupt and criminal U.S. Government is running a massive but classic ($113.0 Trillion) Ponzi scheme that is colossally and fraudulently enriching the U.S. upper class and cheating the U.S. general public!


The corrupt and criminal U.S. Government is simply borrowing non-existent money from the future Americans and giving it to the U.S. upper class! GAAP basis deficit spending is digitally printing imaginary-counterfeit money and giving it to the U.S upper class!


The stock market continually goes up because the corrupt and criminal U.S. Government is continually borrowing non-existent money, $16.4 Billion per day, from the future Americans and giving it to the U.S. upper class (GAAP Deficit in FY2018 = $6.00T/365 = $16.4B)!


The global economy appears to be in synchronized expansion mode because people all over the planet are buying stuff with imaginary-counterfeit money that the corrupt and criminal U.S. Government is creating out of “thin air” with GAAP basis deficit spending!


Because of this fiscal and accounting fraud that I call USAPonzi, Americans are filling the planet with junk bought and built with imaginary-counterfeit money so we do not have to pay for any of it! The corrupt and criminal U.S. Government has fraudulently deferred $113.0 Trillion of public liabilities to the future Americans to produce $113.0 Trillion of imaginary-counterfeit money!


This massive fraud/Ponzi scheme that I call USAPonzi was caused by Oswald shooting JFK (See The Oswald Financial Bubble)!


The corrupt and criminal U.S. Government is filled with scoundrels, liars, cheaters, and criminals!


To eliminate this massive fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.

 

National Debt  $21.2 Trillion 
Cash Deficit in FY2018  $0.74 Trillion 
GAAP Deficit in FY2018  $6.00 Trillion 
US Unfunded Future Liabilities  $91.8 Trillion 
US Unfunded Liabilities (GAAP)  $113.0 Trillion 
Imaginary-Counterfeit Money  $113.0 Trillion 
Total National Assets  $138.5 Trillion 

Source: www.usdebtclock.org April 25, 2018


This fraud/Ponzi scheme (USAPonzi) is explained on my websites www.usaponzi.com and www.usaponzi.net and in my books “USAPonzi”, “USAPonzi2”, and “USAPonzi3”!


This is the biggest ($113.0 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