Enriching the U.S. Upper Class-current-By $154.9 Trillion
October 10, 2020
I am a whistleblower! The U.S. Government is corrupt!
The corrupt U.S. Government is not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting)! The corrupt U.S. Government is being run by common criminals that have committed a $154.9 Trillion crime by borrowing $154.9 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and giving it to the U.S. upper class!
The corrupt U.S. Government is committing a fiscal and accounting fraud by not using proper and Generally Accepted Accounting Principles (GAAP Accounting) also called accrual accounting! The corrupt U.S. Government has undertaxed the U.S. upper class by $154.9 Trillion by not accruing the money to pay the future benefit promises to the U.S. general public!
The corrupt U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that has, in effect, borrowed $154.9 Trillion (US Unfunded Liabilities (GAAP)) of imaginary-counterfeit money from the future Americans, money the future Americans do not have, and given it to the U.S. upper class!
See Whistleblower Letter #1 to Planet Earth for more details on this accounting fraud/Ponzi scheme!
|US National Debt
|Cash Deficit in FY2021
|*GAAP Deficit in FY2021
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|US Total National Assets
Source: www.usdebtclock.org October 10, 2020
I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain this fraud and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can be downloaded from my www.usaponzi.net website.
John W White