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

Destroying Planet Earth-current
September 1, 2019


The U.S. Government is causing Global Warming that is Destroying Planet Earth!


11 billion tons of ice melted in Greenland-in just one day!
August 2, 2019
CBS News


This commentary explains how a U.S. Government fiscal and accounting fraud is causing Global Warming that is Destroying Planet Earth!


I know this sounds preposterous, but it is true!


The current U.S. Government fiscal policy is not using proper GAAP Accounting (Generally Accepted Accounting Principles) which is allowing the U.S. Government to fraudulently borrow an infinite amount of money from the future Americans and give it to the U.S. upper class!


This fiscal and accounting fraud has already fraudulently borrowed $125.6 Trillion from the future Americans and is fraudulently borrowing $16.8 Billion more every day and giving it to the U.S. upper class!


The corrupt and criminal U.S. Government has enriched the U.S. upper class by $125.6 Trillion by undertaxing them and has cheated the U.S. general public by $103.1 Trillion by underfunding the future benefit promises to the U.S. general public!


The corrupt and criminal U.S. Government is promising future benefits to the U.S. general public but is not taxing the U.S. upper class to pay for these future benefits!


This U.S. Government fiscal and accounting fraud is what is causing the wealth and income gap$125.6 Trillion can cause quite a large wealth and income gap!


The U.S. Government likes the U.S. upper class a lot more than it likes the U.S. general public$125.6 Trillion more!


The current U.S. Government fiscal policy is a classic Ponzi scheme, I call it USAPonzi, that is in the process of borrowing an infinite amount of money from the future Americans, I call it imaginary-counterfeit money, and giving it to the current Americans, primarily to the U.S. upper class!


The entire planet is using this infinite supply of imaginary-counterfeit money to build and buy an infinite number of environment-polluting physical objects which is causing Global Warming that is Destroying Planet Earth!


This fiscal and accounting fraud is causing Planet Earth to build and buy an infinite number of cars, trucks, boats, airplanes, houses, apartments, high-rise condos, restaurants, banks, skyscrapers, cities, airports, guns, bombs, etc., etc.!


If the U.S. Government was operating its fiscal policy with proper GAAP Accounting, it would not borrow more money from the future Americans than the future Americans can be reasonably expected to pay!


The U.S. Government is causing Global Warming that is Destroying Planet Earth!


This U.S. Government fiscal and accounting fraud was launched in 1969 when LBJ proposed and the U.S. Congress approved the Unified Budget! The following NASA chart demonstrates how the global average temperature started to rise at precisely that point in time!



I have written two websites (USAPonzi.net and USAPonzi.com) and five  books (USAPonziUSAPonzi2, USAPonzi3, USAPonziA, and USAPonziB) that explain how this fiscal and accounting fraud got started, the effect it is now having, and what I predict will happen when USAPonzi Implodes!


The data used in my analysis is based on www.usdebtclock.org. The following table shows a summary of the U.S. Government financial condition as of the date of this letter as reported by  www.usdebtclock.org.


The amount of imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans and given to the U.S. upper class is $125.6 Trillion and is reported on this website as US Unfunded Liabilities (GAAP)!

National Debt  $22.5 Trillion 
Cash Deficit in FY2019  $1.00 Trillion 
GAAP Deficit in FY2019  $6.13 Trillion 
US Unfunded Future Liabilities  $103.1 Trillion 
US Unfunded Liabilities (GAAP)  $125.6 Trillion 
Imaginary-Counterfeit Money  $125.6 Trillion 
Total National Assets  $155.8 Trillion 

Source: www.usdebtclock.org September 1, 2019

 

The U.S. Government is in the process of printing an infinite amount of imaginary-counterfeit money with GAAP basis deficit spending (GAAP Deficit in FY2019 = $6.13 Trillion) so Planet Earth can build and buy an infinite number of environment-polluting physical objects!


While this U.S. Government fiscal and accounting fraud may have already done irreparable damage to Planet Earth, we need to at least try to Save Planet Earth by eliminating this accounting fraud and retiring these fraudulently acquired environment-polluting physical objects!


The corrupt and criminal U.S. Government is committing a $125.6 Trillion fiscal and accounting fraud that is Destroying Planet Earth!


John W White
Plano, TX