USAPonzi-The Biggest Ponzi Scheme on the Planet-The U.S. Government

                    Copyright Declaration                                                                                                                                       John W. White    March 29, 2013

Cooking the Planet by Cooking the Books 211005
October 5, 2021
Emailed to United Nations, Fed Chair Jay Powell, Minneapolis Fed President Neel Kashkari, Dallas Fed President Robert Kaplan, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, The U.S. SEC, NYT/WSJ/WP/CNBC/DMN on 10/5/21


The U.S. Government is “cooking the planet” by “cooking the books”!


The corrupt U.S. Government is causing Global Warming that is “burning up planet earth” by not using proper accrual accounting!


The corrupt U.S. Government is in the process of fraudulently borrowing an infinite amount of money, I call it imaginary-counterfeit money, from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class so the entire planet can build and buy an infinite number of environment-polluting physical objects which is causing Global Warming that is “destroying planet earth”!


I am a whistleblower! The U.S. Government is corrupt! The corrupt U.S. Government is “cooking the books”!


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 $157.6 Trillion crime by fraudulently borrowing $157.6 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and giving it to the U.S. upper class!


In this commentary, I will explain how this corrupt U.S. Government fiscal and accounting fraud is causing Global Warming!


The corrupt U.S. Government is promising ridiculousunaffordable, and unpayable future U.S. Government benefits to the U.S. general public but is not taxing the U.S. upper class enough to pay for these future U.S. Government benefits! The U.S. upper class is getting richer and richer every day because they are being undertaxed! As of today, the corrupt U.S. Government has fraudulently given the U.S. upper class $157.6 Trillion of imaginary-counterfeit money by undertaxing them (US Unfunded Liabilities (GAAP))!


The corrupt U.S. Government is committing a fiscal and accounting fraud by operating its fiscal policy with Cash Accounting rather than proper and Generally Accepted Accounting Principles (GAAP Accounting) which has produced a classic $157.6 Trillion Ponzi scheme fiscal policy, I call it USAPonzi, that is not accruing for future U.S. Government benefit promises to the U.S. general public!


When the corrupt U.S. Government does not accrue for future benefit promises, this has the effect of borrowing money from the future Americans, I call it imaginary-counterfeit money since the future Americans can never pay this fraudulently borrowed money, and giving it to the U.S. upper class by undertaxing them!


As of today, the corrupt U.S. Government has fraudulently borrowed $157.6 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 and is fraudulently borrowing more imaginary-counterfeit money every day and giving it to the U.S. upper class with ongoing GAAP basis deficit spending!


The corrupt U.S. Government is in the process of fraudulently printing an infinite supply of imaginary-counterfeit money, by borrowing it from the future Americans, that the entire planet is using to fill up Planet Earth with an infinite number of environment-polluting physical objects which is causing Global Warming that is Destroying Planet Earth!


By not using proper GAAP Accounting, the corrupt U.S. Government is not properly accruing for future U.S. Government benefit promises creating US Unfunded Future Liabilities of $128.8T and total public liabilities (US Unfunded Liabilities (GAAP)) of $157.6T, the sum of our US National Debt ($28.8T) and our US Unfunded Future Liabilities ($128.8T)!


This is why we have Global Warming, the corrupt U.S. Government is in the process of digitally and fraudulently printing an infinite amount of imaginary-counterfeit money, by pretending to borrow it from the future Americans and giving it to the U.S. upper class, so the entire planet can build and buy an infinite number of environment-polluting physical objects!


This fraud was started in 1969 when a scoundrelLyndon Baines Johnson, proposed and the corrupt U.S. Congress approved the Unified Budget but did not switch from Cash Accounting to GAAP Accounting that would properly accrue the money to pay future U.S. Government benefits to the U.S. general public!


The following chart shows how the corrupt U.S. Government started borrowing imaginary-counterfeit money from the future Americans in 1969 and so far has fraudulently borrowed $157.6 Trillion of imaginary-counterfeit money from the future Americans and given it to the U.S. upper class!


This chart also gives a graphical projection of how the corrupt U.S. Government, with the current Ponzi scheme fiscal policy, could fraudulently borrow over a Quadrillion dollars (a thousand Trillion dollars) of imaginary-counterfeit money from the future Americans by 2041 and give it to the U.S. upper class so the entire planet can buy and build a whole-hell-of-a-lot of T-shirts, tennis shoes, smartphones, computers, cars, trucks, boats, airplanes, houses, condos, apartment buildings, airports, cities etc. etc. with a Quadrillion dollars of imaginary-counterfeit money!



If you look at the NASA chart (shown below) that tracks the change in global average temperatures, global temperatures began to rise in 1969 the year that the U.S. Government adopted the Unified Budget and started this fiscal and accounting fraud that I call USAPonzi!



The corrupt U.S. Government is “cooking the planet” by “cooking the books”!


My concern is that irreparable damage has already been done to Planet Earth by this fraud since it has been operating for now 53 years! We have already fraudulently built a whole lot of environment-polluting physical objects with some of this $157.6 Trillion of imaginary-counterfeit money that the corrupt U.S. Government has already fraudulently borrowed from the future Americans!


Author's Note: I would encourage my readers to observe the number of cars on the street, how the cars are getting nicer and nicer, and how many of them that still have paper tags. Most of these cars have been purchased with imaginary-counterfeit money that the corrupt U.S. Government has fraudulently borrowed from the future Americans with GAAP basis deficit spending! $157.6 Trillion of monopoly money can buy a whole lot of nice cars!


My 15th whistleblower letter to my congressman Van Taylor 210921 explains the epic financial, economic, physical, and humanitarian disaster that is just ahead for Planet Earth because of this corruption within the U.S. Government!


The fools on Wall Street and the fools on Planet Earth have been fooled by the criminals in Washington! In the defense of Wall Street and the rest of Planet Earth, the corrupt U.S. Government may have fooled itself! We do not yet know if the people in the U.S. Government are accidental fools or intentional criminals! I suggest that we have some of each but they are all criminals whether they know it or not!

 

US National Debt  $28.8 Trillion 
Cash Deficit in FY2022  $3.00 Trillion 
GAAP Deficit in FY2021  $18.04 Trillion 
US Unfunded Future Liabilities  $128.8 Trillion 
US Unfunded Liabilities (GAAP)  $157.6 Trillion 
Imaginary-Counterfeit Money  $157.6 Trillion 
US Total National Assets  $198.9 Trillion 

Source: www.usdebtclock.org October 5, 2021


My commentary Fed-Asleep At The Switch 210901 gives a summary of the issues that this Ponzi scheme/accounting fraud is causing!


I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain USAPonzi and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can be downloaded from my websites in pdf format.


John W White
Plano, TX