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

Currency Manipulation Fraud/Inverting the U.S. Dollar
December 27, 2016


The U.S. Government is making public liabilities look like private assets!

The U.S. Government has inverted the U.S. Dollar!


While Donald Trump is accusing China of currency manipulaiton, the U.S. Government is flooding the Planet with monopoly money that is causing severe distortions in the global economy and in the global financial system. To date, the U.S. Government has issued $104.6 Trillion worth of monopoly money.


The U.S. Government is corrupt! The U.S. Government is operating a Ponzi scheme fiscal policy which I call USAPonzi that is creating monopoly money which I call imaginary-counterfeit money by operating with a dramatically unbalanced budget. The U.S. Government is "printing monopoly money" at the current rate of $15.5 Billion a day by deferring public liabilities to the future Americans which is dramatically enhancing the lifestyle of the current Americans. The U.S. Government is systematically manipulating/reducing the value of the U.S. dollar by borrowing monopoly money from the future Americans and giving it to the current Americans.


The U.S. Government has, in effect, inverted the U.S. currency by operating with a dramatically unbalanced budget. As the U.S. Government incurs public financial liabilities, the global private sector seems to acquire private assets which I call imaginary-counterfeit money. The current Americans, primarily the U.S. upper class, would be really really rich if the future Americans could just pay these massive public liabilities. The Senior U.S. Government Officials are Criminals because they are continuing to operate this massive financial fraud. The U.S. Government has become The American Mafia.


Donald Trump says he loves debt. Well, he is going to have the opportunity to deal with the unraveling of the most severe debt and deficit issues ever created when USAPonzi implodes. He will be presiding over both the bankruptcy of the United States of America and the bankruptcy of the Trump enterprises. Essentially all of Donald Trump's net worth is imaginary-counterfeit money created by the GAAP basis deficit spending of the U.S. Government.


By operating with a dramatically unbalanced budget, the U.S. Government is introducing this monopoly money into the global economy and financial system by overpaying U.S. Government employees and related businesses, by overpaying U.S. Government benefit recipients, and by undertaxing the current U.S. taxpayers. The U.S. Government attempts to conceal this fraud and corruption by using Cash Accounting rather than the proper GAAP Accounting (Generally Accepted Accounting Principles). In effect, this fiscal policy is borrowing monopoly money from the future Americans and giving it to the current Americans. This is the signature attribute of a Ponzi scheme; pay early participants with money from the late participants (See Open Letter to Planet Earth).


Since FY1969 when the U.S. Government launched this Ponzi scheme, the U.S. Government has issued $104.6 Trillion of monopoly money (imaginary-counterfeit money) to the current Americans by deferring $104.6 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans with GAAP basis deficit spending. The following tables shows how the U.S. Government attempts to conceal the magnitude of this fraud/Ponzi scheme by reporting its financial condition with Cash Accounting rather than the proper GAAP Accounting.



National Debt 
$19.9 Trillion 
Cash Deficit in FY2017  $0.59 Trillion 
GAAP Deficit in FY2017 

 $5.65 Trillion 

US Unfunded Future Liabilities  $84.7 Trillion 
US Unfunded Liabilities (GAAP)   $104.6 Trillion 
Imaginary-Counterfeit Money  $104.6 Trillion 
Total National Assets  $126.9 Trillion 

Source: www.usdebtclock.org December 27, 2016



Cash Accounting GAAP Accounting
Deficit in FY2017 
$0.59 Trillion $5.65 Trillion
Public Liabilities 
$19.9 Trillion $104.6 Trillion
National Debt US Unfunded Liabilities (GAAP)


USAPonzi
has created $104.6 Trillion of imaginary-counterfeit money by borrowing it (US Unfunded Liabilities (GAAP)) from the future Americans.


USAPonzi
is creating $15.5 Billion more imaginary-counterfeit money every day (GAAP Deficit in FY2017 of $5.65T/365 = $15.5B) with ongoing GAAP basis deficit spending.


USAPonzi
is cheating the rest of the Planet by allowing current Americans to buy things they cannot afford with this fraudulently borrowed imaginary-counterfeit money (See Filling the Planet with Junk!).


USAPonzi
is borrowing this imaginary-counterfeit money from the future Americans so that it can undertax the current Americans, primarily the U.S. upper class, which is making the U.S. upper class filthy rich (See Getting Rich from U.S. Government Fraud).


USAPonzi
is cheating the Common Man by dramatically underfunding the U.S. Government benefit promises so that it can undertax the U.S. upper class (See Enriching the Upper Class/Cheating the Common Man).


USAPonzi
is enriching the U.S. ruling class by borrowing imaginary-counterfeit money from the future Americans to overpay Government employees and businesses. The enrichment of Bill and Hillary Clinton is a striking example of this fraudulent enrichment of the U.S. ruling class (See The Clinton Fraud).


USAPonzi
is causing Inflation (See Inflation-A Byproduct of USAPonzi).


USAPonzi
is causing offshoring (See Offshoring-A Byproduct of USAPonzi).


USAPonzi
is causing urbanization (See Urbanization-A Byproduct of USAPonzi).


USAPonzi has caused the Stock Market to be in a now 48-year-long bull market simply by inverting the U.S. dollar. Public liabilities produce imaginary private assets and the global stock market is the most visible beneficiary of this currency inversion since we can observe a dynamic/realtime market assessment of the value of these public companies that appear to be succeeding because the U.S. Government is producing $15.5 Billion of imaginary-counterfeit money every day (See Why does the Stock Market keep going up?).


USAPonzi
has caused the U.S. Government to become "The American Mafia".


While Donald Trump is accusing China of using currency manipulation to gain economic advantage, the U.S. Government has used a corrupt and fraudulent fiscal policy to produce $104.6 Trillion of imaginary-counterfeit money to cheat the Common Man and the rest of the Planet while enriching themselves and colossally enriching the U.S. upper class.


This U.S. Government fiscal and accounting fraud can only be equitably eliminated by the adoption of GAAP Accounting (Generally Accepted Accounting Principles) and a commitment to a balanced GAAP basis budget by the U.S. Government. All sovereign entities that sponsor a currency that is used for international trade, must be required to use GAAP Accounting, or equivalent, and be required to operate with a nominally balanced budget.


This fraud is explained in CliffsNotes format (USAPonzi CliffsNotes) and is also explained in much more detail on my website www.usaponzi.com and in my book “USAPonzi” which is available on Amazon in Kindle and Paperback formats and on my website in PDF format.


This is the biggest ($104.6 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and it is “The Biggest Ponzi Scheme on the Planet”!