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

Dallas High-Rise Living Debacle!
August 20, 2017     Emailed to WSJ/NYT/DMN on 8/21/17


The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains how developers are building high-rise apartment buildings with imaginary-counterfeit money. This is an open letter to Steve Brown: Real Estate Editor for the Dallas Morning News.


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".


Dallas High-Rise Living Debacle!

August 20, 2017


To
Steve Brown
Real Estate Editor
Dallas Morning News


CC
James Moroney
Publisher
Dallas Morning News


Elizabeth Souder
Asst Editorial Page Editor
Dallas Morning News


August 18, 2017 Article: Dallas High-Rise Living


I read your above noted article in the Dallas Morning News and once again I am compelled to write you to explain the impact that a corrupt U.S. Government is having on our financial system, our economy, and our society. The U.S. Government is using fraudulent accounting that is causing developers to outrageously overbuild luxury high-rise living accommodations in Dallas and other major cities.


The U.S. Government is creating money, I call it imaginary-counterfeit money, out of "thin air" to enrich the U.S. upper class by borrowing money from the future Americans that the future Americans do not have and giving it to the U.S. upper class. As of August 20, 2017, the U.S. Government has borrowed/stolen $107.2 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class. Every day the U.S. Government fraudulently borrows another $15.12 Billion from the future Americans and gives it to the U.S. upper class (GAAP Deficit in FY2017 = $5.52T/365 days = $15.12B per day).


We are buying and building a lot of stuff with imaginary-counterfeit money that the U.S. Government has created out of "thin air" with GAAP basis deficit spending. Now, one of the more prominent financial debacles caused by this accounting fraud is the construction of luxury high-rise apartment and condo buildings in Dallas and major cities all over the planet. The U.S. Government is borrowing more and more money from the future Americans every day so that the current Americans can appear to buy stuff, in this case high-rise residential buildings, with this fraudulently borrowed money.


The U.S. Government is corrupt! The U.S. Government is not using Generally Accepted Accounting Principles (GAAP Accounting)! This has created a Ponzi scheme, I call it USAPonzi, that the U.S. Government has been operating for 48 years. This fraud is making the U.S. upper class appear to get richer and richer so that they think they can afford to buy or rent these luxury accommodations!


When this Ponzi scheme implodes, this imaginary-counterfeit money, now $107.2 Trillion, will evaporate and then very few people will be able to pay $2500-3000 a month for these luxury apartments. Developers, investors, banks, and apartment dwellers are all being hoodwinked by the accounting fraud that is being perpetrated by the U.S. Government.


The "Dallas Morning News" needs to have a serious and capable investigative reporter study and report on this problem so that we can stop this outrageous construction of high-rise apartment and condo buildings. Most of these high-rise residential buildings will be ghost buildings when the U.S. Government starts telling the financial truth.


But the construction of luxury high-rise apartment and condo buildings in Dallas and other major cities is just one of the more prominent fiascos that this U.S. Government accounting fraud is causing.


The West Plano Legacy area (Plano, TX) is also growing corporate headquarters, a luxury football practice area (The Star for the Dallas Cowboys), luxury apartment buildings, luxury office buildings, big houses, Toyota mansions, luxury car dealerships, luxury shops, and gourmet restaurants like they are mushrooms because of this fraud. We are wasting a lot of money, time, and effort building things that we cannot afford and it has all been caused by Lee Harvey Oswald assassinating John F. Kennedy (See The Oswald Financial Bubble).


USAPonzi is causing urbanization and Dallas high-rise residential buildings and the West Plano Legacy area are just two of the many financial debacles caused by this U.S. Government accounting fraud!


The entire planet is operating in a massive ($107.2 Trillion) financial bubble created by the Ponzi scheme fiscal policy of the U.S. Government that I call USAPonzi! GAAP basis deficit spending has created $107.2 Trillion of imaginary-counterfeit money!


The U.S. upper class has gotten rich simply because the U.S. Government has borrowed $107.2 Trillion from the future Americans that the future Americans do not have and given this imaginary-counterfeit money to the U.S. upper class! The U.S. upper class is getting rich because they have criminal friends in Washington, DC!


The U.S. Government has got to start telling the financial truth!


The "Dallas Morning News" has got to start reporting the financial truth!

 

National Debt  $20.0 Trillion 
Cash Deficit in FY2017  $0.68 Trillion 
GAAP Deficit in FY2017 
$5.52 Trillion 
US Unfunded Future Liabilities  $87.2 Trillion 
US Unfunded Liabilities (GAAP)  $107.2 Trillion 
Imaginary-Counterfeit Money 
$107.2 Trillion 
Total National Assets 

$133.3 Trillion 

Source: www.usdebtclock.org Aug 20, 2017


This U.S. Government fraud can only be equitably eliminated by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government.


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 is the biggest ($107.2 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and it is "The Biggest Ponzi Scheme on the Planet"!


John W. White

Plano, TX