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

Dallas Home Prices up 7.8 Percent 180704
July 4, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 7/4/18


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 why “Dallas Home Prices are up 7.8 Percent in May 2018! This is an open letter to Steve Brown Real Estate Editor for the Dallas Morning News that explains that home prices increases are caused by U.S. Government fiscal and accounting fraud!


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 “colossally feather the nests of their upper-class friends”! The U.S. Government is not using proper accrual accounting!


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


Dallas Home Prices up 7.8 Percent 180704

July 4, 2018


To: Steve Brown
      Real Estate Editor
      Dallas Morning News


From: John W. White
           Plano, Tx


Subject: Home Prices up 7.8 percent in May 2018


Steve, I just read your article in the Dallas Morning News this morning that states that Dallas area home prices are up 7.8% in May of 2018 compared to one year ago!


Home prices are going up all over America because the U.S. Government is printing counterfeit money!


This is a repeat of my previous letters to you and the Dallas Morning News that explains why home prices are continuing to go up! This is happening because the U.S. Government is corrupt! The U.S. Government is committing a fiscal and accounting fraud that is printing monopoly money so that Americans can buy stuff without having to pay for it!


The U.S. Government is fraudulently borrowing $16.5 Billion every day from the future Americans and giving it to the current Americans, primarily the U.S. upper class, so that Americans will have the money to buy more and more and bigger and bigger homes!


Americans are buying more and more and bigger and bigger homes with more and more money that the U.S. Government is fraudulently borrowing from the future Americans, money that the future Americans do not have!


The U.S. Government is not operating its fiscal policy with proper GAAP Accounting (Generally Accepted Accounting Principles)! The U.S. Government is not properly accruing the money to pay future U.S. Government benefits to the U.S. general public!


This accounting fraud is printing monopoly money, I call it imaginary-counterfeit money, with GAAP basis deficit spending!


Americans are buying homes and all kinds of other stuff with monopoly money that the U.S. Government is fraudulently printing by committing fiscal and accounting fraud!


Home prices and all other prices will continue to inflate as long as the U.S. Government continues to fraudulently print imaginary-counterfeit money!


Americans are buying homes with money that the U.S. Government has fraudulently borrowed from the future Americans! Sadly, the future Americans do not have $113.8 Trillion!


Americans can buy a lot of nice homes with $113.8 Trillion of monopoly money!


The corrupt and criminal U.S. Government has created $113.8 Trillion of imaginary-counterfeit wealth for the U.S. upper class by “Cooking the Books”!


The U.S. Government is corrupt!


The senior officials of the U.S. Government are common criminals that have committed a $113.8 Trillion criminal act by not using proper accrual accounting! The senior officials of the U.S. Government are common criminals because they are direct financial beneficiaries of this massive fraud!


We have 535 criminals in the U.S. Congress and an untold number of criminals in the White House!


This fraud is explained in more detail in my Open Letter to Planet Earth and my Open Letter to US General Public!


To eliminate this massive fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget. GAAP Accounting (Generally Accepted Accounting Principles) is the commonly used name in America for the accounting guidelines for accrual accounting.

 

National Debt   $21.2 Trillion  
Cash Deficit in FY2018   $0.78 Trillion  
GAAP Deficit in FY2018   $6.03 Trillion  
US Unfunded Future Liabilities   $92.6 Trillion  
US Unfunded Liabilities (GAAP)   $113.8 Trillion  
Imaginary-Counterfeit Money   $113.8 Trillion  
Total National Assets   $137.4 Trillion  

Source: www.usdebtclock.org Jul 4, 2018


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


This is the biggest ($113.8 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