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

Discord in Washington 181029
O
ctober 29, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, Senator Ted Cruz, and Dallas Mayor Mike Rawlings 10/29/18


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post”, and “The Dallas Morning News” which explains why we have “Discord in Washington”!


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”.


The “news media” is aiding and abetting the
corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud! The U.S. Government should be operating its fiscal policy with accrual accounting!


Discord in Washington 181029
October 29, 2018


In this commentary, I will explain why we have “Discord in Washington”!


We have “Discord in Washington” because the U.S. Government is corrupt!


We have “Discord in Washington” because everybody in the U.S. Government is lying!


We have “Discord in Washington” because the U.S. Government is committing fiscal and accounting fraud by not operating its fiscal policy with the proper and Generally Accepted Accounting Principles (GAAP Accounting)! The U.S. Government is fraudulently deferring massive public liabilities to the future Americans and undertaxing the current Americans! According to GAAP Accounting, the U.S. Government currently has public liabilities of $115.3 Trillion (US Unfunded Liabilities (GAAP))!


The senior officials of the U.S. Government are scoundrels, liars, cheaters, criminals, and thieves because this fiscal and accounting fraud is dramatically enriching the U.S. ruling class, is colossally enriching the U.S. upper class, is colossally cheating the U.S. general public, and is colossally cheating the rest of the planet!


It is hard to get agreement when everybody involved in the governance of the United States is a scoundrel, a liar, a cheater, a criminal, and a thief!


As my mother told me, it gets harder and harder to keep your lies straight when you are not telling the truth!


The fundamental problem in Washington, and by induction throughout the planet, is that the people in Washington are simply not telling the financial truth!


The biggest untruth has to be laid directly at the feet of the U.S. Government! The U.S. Government is committing fiscal and accounting fraud by not operating its fiscal policy with the proper accounting system! The U.S. Government is not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting) also referred to as accrual accounting! The U.S. Government is not properly accruing for future U.S. Government benefit promises!


Because of this accounting fraud, the U.S. Government is printing imaginary-counterfeit money and giving it to the U.S. upper class and the U.S. ruling class, while not funding the benefit promises that it has made to the U.S. general public. Americans are using this imaginary-counterfeit money to buy stuff from each other and from the rest of the planet without paying for it!


The U.S. Government is promising benefits to U.S. general public that it cannot possibly keep and attempts to conceal this lie by fraudulently reporting its financial condition with Cash Accounting rather than the proper GAAP Accounting!


The U.S. Government has been telling this lie for now 49 years!


For those in Washington that do not want to be a scoundrel, a liar, a cheater, a criminal, or a thief; you should expose the fact that the U.S. Government is committing fiscal and accounting fraud by running a classic Ponzi scheme! The U.S. Government is fraudulently borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class!


I think that if you read carefully the following definition of “discord” it pretty well sums up current situation in Washington, DC.


dis·cord
/?diskôrd/
noun
1.
disagreement between people.
a prosperous family who showed no signs of discord
synonyms: strife, conflict, friction, hostility, antagonism, antipathy, enmity, bad feeling, ill feeling, bad blood, argument, quarreling, squabbling, bickering, wrangling, feuding, contention, disagreement, dissension, dispute, difference of opinion, disunity, division, opposition; infighting
stress resulting from family discord


The “Discord in Washington” is happening because nobody is willing to tell the truth! And I mean nobody is willing to tell the truth!


Until the U.S. Government starts using an honest and fair accounting system and comes clean with the U.S. general public, the current “Discord in Washington” will continue to escalate!


What the U.S. Government is not telling the U.S. general public:


1) The U.S. Government is promising to pay U.S. Government benefits to the U.S. general public that it cannot afford! The U.S. Government has underfunded these promises by $93.6 Trillion! The U.S. Government is intentionally lying to the U.S. general public by promising but not funding U.S. Government benefits!


2) The U.S. Government is enriching the U.S. upper class, $115.3 Trillion so far, because it has been running a massive GAAP basis deficit for the last 49 years! When the U.S. Government does not fund the benefit promises to the U.S. general public the U.S. upper class gets really really rich!


3) The U.S. Government is enriching the U.S. ruling class by borrowing $21.7 Trillion from the fraudulently enriched upper class so that it can overpay itself! The U.S. Government is fraudulently enriching the U.S. ruling class!


4) Americans are buying stuff from each other and from the rest of the planet with monopoly money, $115.3 Trillion so far, that the U.S. Government has fraudulently borrowed from the future Americans! Americans are ripping off the rest of the planet because they are buying all kinds of stuff with $115.3 Trillion of monopoly money that the U.S. Government has fraudulently borrowed from the future Americans!


All of the senior officials in the U.S. Government are criminals for operating the fiscal policy of the U.S. Government with a fraudulent accounting system! The U.S. Government is stealing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!


There is no honor among thieves and everyone in Washington has been living a massive financial lie for half a century! The senior officials in Washington are just bickering about how they are going to keep perpetuating this lie and how they are going to get out of this $115.3 Trillion lie! They spend a lot more time on the former than they do on the latter!


“Discord in Washington” will continue until the U.S. Government agrees that it will start telling the financial truth!


The U.S. Government has been running a classic Ponzi scheme, I call it USAPonzi, for the last 49 years because it is committing fiscal and accounting fraud by operating its fiscal policy with Cash Accounting rather than the proper GAAP Accounting!


The U.S. Government is using accounting fraud so that it can borrow money, $16.6 Billion a day, from the future Americans and give it to the U.S. upper class!


The corrupt and criminal U.S. Government has fraudulently created $115.3 Trillion of imaginary-counterfeit money out of “thin air” and given it to the U.S. upper class!


The U.S. general public is going to be outraged when this fraud is properly exposed!


The rest of the planet is going to be outraged when this fraud is properly exposed!


USAPonzi
is a $115.3 Trillion
fraud that is growing by $16.6 Billion a day!


The U.S. Government is corrupt!


The senior officials of the U.S. Government are common criminals that have committed a $115.3 Trillion criminal act by not operating the U.S. Government fiscal policy with proper accrual accounting! The senior officials of the U.S. Government are common criminals because they are direct financial beneficiaries of this massive fraud! The corrupt and criminal U.S. Government is overpaying itself with imaginary-counterfeit money!


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


I have sent 14 whistleblower letters to the U.S. Securities and Exchange Commission, a whistleblower letter to every member of the U.S. Congress, and 9 whistleblower letters to each member of the U.S. Supreme Court so that all three branches of the U.S. Government would be informed of this massive fraud!


I have also sent over 200 Op-Eds to the “mainstream media” in an attempt to expose this massive fraud to the citizens of Planet Earth! None of these Op-Ed candidates have been published!


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


I have presented specific fraud charges against the U.S. Government in my Fraud Charges against U.S. Government commentary!


I have also explained this fraud to the International Monetary Fund in my Open Letter to the International Monetary Fund commentary!


To eliminate this massive ($115.3 Trillion) fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.

 

National Debt  $21.7 Trillion 
Cash Deficit in FY2019  $0.83 Trillion 
GAAP Deficit in FY2019 
$6.06 Trillion 
US Unfunded Future Liabilities  $93.6 Trillion 
US Unfunded Liabilities (GAAP)  $115.3 Trillion 
Imaginary-Counterfeit Money 
$115.3 Trillion 
Total National Assets 

$149.8 Trillion 

Source: www.usdebtclock.org Oct 29, 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” 11/22/15, “USAPonzi2 5/1/17, “USAPonzi3 2/1/18, and “USAPonziA 9/1/18! Each of these books have updates that I made every few days until the next book was published. I have published 671 commentaries since March 29, 2013 in an attempt to explain and expose this massive U.S. Government fraud!


This is the biggest ($115.3 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