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

da Vinci Painting sells for $450M of fake money
November 16, 2017    Emailed to WSJ/NYT/DMN on 11/16/17


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times” and “The Dallas Morning News” that explains how the corrupt U.S. Government has created $108.9 Trillion of imaginary-counterfeit money out of “thin air” so someone can buy a Leonardo da Vinci painting for $450 Million!


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”!


da Vinci Painting sells for $450M of fake money

November 16, 2017


Leonardo da Vinci painting sells for $450m at auction, smashing records

Christie’s sells long-lost Salvator Mundi, artwork billed as ‘biggest discovery of the 21st century’, for $400m plus auction house premium

https://www.theguardian.com/artanddesign/2017/nov/15/leonardo-da-vinci-salvator-mundi-auction


This painting was valued at this level simply because the U.S. Government is creating fake money out of thin air” by fraudulently borrowing it from the future Americans!


The U.S. Government has used fraudulent accounting to borrow $108.9 Trillion from the future Americans and give it to the U.S. upper class! The U.S. Government is creating massive but fake money by not using proper GAAP Accounting! This fiscal and accounting fraud is creating $15.5 Billion more fake money every single day! Until the U.S. Government starts using honest accounting the apparent value of this painting will continue to increase at an exponentially increasing rate.


The U.S. Government is “Cooking the Books”! The U.S. Government is corrupt!


The U.S. Government is not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting)! The U.S. Government is not properly accruing for the future benefit promises that it has made to the U.S. general public. The U.S. Government has deferred $108.9 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans, has undertaxed the U.S. upper class by $108.9 Trillion, and has underfunded the future benefit promises to the U.S. general public by $88.4 Trillion.


The U.S. Government has borrowed $108.9 Trillion from the future Americans, money that the future Americans do not have, and given this $108.9 Trillion to the U.S. upper class. But since the future Americans cannot pay these deferred liabilities, I call this fraudulently borrowed money “imaginary-counterfeit money”. The corrupt U.S. Government has borrowed $108.9 Trillion of monopoly money from the future Americans and given it to the U.S. upper class! The U.S. Government has created $108.9 Trillion out of “thin air” and given it to the U.S. upper class!


The U.S. Government is “Cooking the Books” to enrich the U.S. upper class by $108.9 Trillion (US Unfunded Liabilities (GAAP)), is cheating the U.S. general public by $88.4 Trillion (US Unfunded Future Liabilities) by underfunding the future U.S. Government benefit promises, and is overpaying the government employees and related businesses creating a National Debt of $20.5 Trillion! This accounting fraud, if continued, will give the U.S. upper class infinite imaginary-counterfeit wealth simply by pretending to borrow an unlimited amount of monopoly money from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!


GAAP basis deficit spending
by the U.S. Government creates imaginary-counterfeit money in the pockets of the individuals and corporations that did not have to pay the taxes to cover this deficit spending. Spending money you do not have, produces imaginary money that has no real value unless it can be paid by someone at a later date!


The U.S. Government is digitally printing imaginary-counterfeit money by committing fiscal and accounting fraud! This imaginary-counterfeit money is being exported to the entire planet by purchases that Americans are making with this fake money so the buyer of this painting could be from anywhere on the planet but if not an American it is likely to be from someplace where Americans are buying a lot of oil with imaginary-counterfeit money (See Saudi Wealth produced by U.S. Fraud)!


The corrupt U.S. Government has borrowed $108.9 Trillion of imaginary-counterfeit money from the future Americans and given it to the U.S. upper class simply by undertaxing them!


Someone somewhere has collected enough of this imaginary-counterfeit money to be willing to pay $450M of imaginary-counterfeit money for this painting.


Because the U.S. Government is creating imaginary-counterfeit money out of “thin air” by pretending to borrow it from the future Americans, we are filling the planet with junk that the current Americans are buying with this imaginary-counterfeit money!


This Leonardo da Vinci painting has been purchased with $450 Million of fake money that the U.S. Government has fraudulently borrowed from the future Americans!


The U.S. Government is “Cooking the Books”!


The U.S. Government is corrupt!


The U.S. Government is running a $108.9 Trillion Ponzi scheme!


The senior members of the U.S. Government are “Criminals, Scoundrels, Liars, and Cheaters”!

 

National Debt  $20.5 Trillion 
Cash Deficit in FY2018  $0.68 Trillion 
GAAP Deficit in FY2018  $5.66 Trillion 
US Unfunded Future Liabilities  $88.4 Trillion 
US Unfunded Liabilities (GAAP)  $108.9 Trillion 
Imaginary-Counterfeit Money  $108.9 Trillion 
Total National Assets  $135.2 Trillion 

Source: www.usdebtclock.org Nov 16, 2017


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


I have published a website www.usaponzi.net that explains how this fraud works to create a massive global wealth and income gap between the haves and the have-nots and to create false wealth and prosperity for the current Americans. The www.usaponzi.net website is an introduction to my more detailed website www.usaponzi.com and my books “USAPonzi” (Nov 22, 2015) and “USAPonzi2” (May 1, 2017) which are available on Amazon to better explain this fraud/Ponzi scheme.


This fraud/Ponzi scheme is also explained in “short story style” in my October 1, 2017 commentary USAPonzi CliffsNotes and in my October 8, 2017 commentary USAPonzi Elevator Speech.


This is the biggest ($108.9 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