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

Enrichment of the Top 1% in America by Fraud!
March 26, 2018
Emailed to Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, Senator Ted Cruz, the SEC, and WSJ/NYT/WP/DMN on Mar 26, 2018


This is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post”, and “The Dallas Morning News” that explains how U.S. Government fiscal and accounting fraud is causing the “Enrichment of the Top 1% in America”!


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!


Enrichment of the Top 1% in America by Fraud!

March 26, 2018


Will anyone in Washington, DC have the guts to start telling the financial truth?


99.96% of the people on planet earth are going to be really pissed when they find out that the U.S. Government has been cheating them so that the U.S. Government can “Enrich the Top 1% in America”!


America appears to be the wealthiest and most prosperous country on the planet!


The Top 1% in America appear to be accumulating most of the wealth in America!


There appears to be a widening wealth and income gap between the haves and the have-nots in America!


This is not an accident; this is caused by an intentional act of accounting fraud by the corrupt and criminal U.S. Government!


The corrupt and criminal U.S. Government is not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting)! The corrupt and criminal U.S. Government is committing fiscal and accounting fraud to “Enrich the Top 1% in America”. Because of this fraud, the corrupt and criminal U.S. Government is running a now $112.5 Trillion Ponzi scheme to “Enrich the Top 1% in America”! The corrupt and criminal U.S. Government has been running this Ponzi scheme since FY1969!


I think this fraud can be best understood by the following statement:


The U.S. Government is fraudulently borrowing money from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class!


This is the very nature of a Ponzi scheme, the operator of a Ponzi scheme pays returns to the early participants in the scheme with money expected to come in some time in the future from the late participants in the scheme!


The corrupt and criminal U.S. Government has been running this Ponzi scheme since FY1969 to enrich its U.S. upper-class friends and to enrich itself!


I call the money that the corrupt and criminal U.S. Government is fraudulently borrowing from the future Americans and giving to the U.S. upper class; imaginary-counterfeit money. This money does not exist, it is imaginary, but the U.S. Government likes to pretend (imagine) that the future Americans will be able to pay it sometime in the future. This money is counterfeit because the future Americans can never pay it!


This is what makes a Ponzi scheme a Ponzi scheme. I call this Ponzi scheme USAPonzi since it is being run by the corrupt and criminal U.S. Government!


By not operating with proper GAAP Accounting, the U.S. Government is not accruing the money to pay future promised benefits to the U.S. general public and is undertaxing the U.S. upper class to give them great wealth!


As of today, March 26, 2018, the corrupt and criminal U.S. Government has given the U.S. upper class $112.5 Trillion of imaginary-counterfeit money and is giving them $16.4 Billion more every day!


That is how the U.S. upper class has gotten rich over the last 48 years! The U.S. Government then borrows $21.0 Trillion from the now fraudulently enriched upper class to enrich itself (the U.S. ruling class)!


The corrupt and criminal U.S. Government is fraudulently enriching the U.S. upper class and the U.S. ruling class while cheating the U.S. general public and the rest of the planet. The U.S. Government is cheating U.S. general public by promising future benefits but not funding them! The U.S. Government is cheating the rest of the planet by borrowing imaginary-counterfeit money from the future Americans, money the future Americans do not have, so the current Americans can buy stuff from the rest of the planet without having to pay for it!


The corrupt and criminal U.S. Government is stuffing an infinite amount of imaginary-counterfeit money into the pockets of the U.S. upper class by undertaxing them and deferring an infinite amount of public liabilities to the future Americans! The U.S. upper class gets richer and richer and the global economy gets stronger and stronger! This is fraud because the future Americans cannot pay an infinite amount of public liabilities! The corrupt and criminal U.S. Government is printing imaginary-counterfeit money to enrich the U.S. upper class and provide an infinite amount of purchasing power for the current Americans to stimulate the global economy!


LBJ has fooled the planet for 48 years by convincing the U.S. Congress to adopt the Unified Budget!


The corrupt and criminal U.S. Government is paying U.S. Government benefits without accruing for them! This fraud is enriching the U.S. upper class and filling the planet with junk purchased with monopoly money! But it sure makes the global economy look strong!


Jay Powell, the new Fed Chairman, said just last week that the global economy is strong and getting stronger! Even the new Fed Chairman may not understand that this is all a massive hoax being perpetrated by a corrupt and criminal U.S. Government! But all of the prior Fed chairman since FY1969 have either been fooled by this U.S. Government fraud or they have been willing to go along with the corruption in Washington, DC!


The corrupt and criminal U.S. Government has simply borrowed $112.5 Trillion of imaginary-counterfeit money from the future Americans, money that the future Americans do not have, and given it to the U.S. upper class! The corrupt and criminal U.S. Government is borrowing another $16.4 Billion of imaginary-counterfeit money from the future Americans every day and giving it to the U.S. upper class (GAAP Deficit in FY2018 = $5.99T/365 = $16.4B/day)!


This fraud is very simple, the corrupt and criminal U.S. Government is borrowing imaginary-counterfeit money from the future Americans, money the future Americans do not have, to enrich the U.S. upper class and to stimulate the global economy by committing fiscal and accounting fraud!


GAAP basis deficit spending
digitally prints imaginary-counterfeit money!


The corrupt and criminal U.S. Government has been doing this for 48 years! This U.S. Government fraud was launched in FY1969 when LBJ convinced the U.S. Congress to adopt the “Unified Budget”!


The corrupt and criminal U.S. Government is stuffing imaginary-counterfeit money into the pockets of the U.S. upper class while cheating the U.S. general public and the rest of the planet!


Americans are buying everything under the sun with imaginary-counterfeit money that the corrupt and criminal U.S. Government is fraudulently borrowing from the future Americans!


This is why the U.S. upper class folks have big cars and big houses; the corrupt and criminal U.S. Government is stuffing more imaginary-counterfeit money into the pockets of the U.S. upper class every day while cheating the U.S. general public and the rest of the planet!


And the amount of imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans is increasing on an exponential trajectory so upper-class Americans will get richer faster and faster and the global economy will get stronger faster and faster!


We live in a wonderful but fraudulent fantasy world created by a classic Ponzi scheme! That is until USAPonzi implodes! Then we will all have hell to pay!


This party will come to an abrupt end when somebody in Washington, DC finally figures out that the future Americans do not have $112.5 Trillion! Someone in Washington, DC needs to start telling the financial truth!


Will anyone in Washington, DC have the guts to start telling the financial truth?

 

National Debt 
$21.0 Trillion 
Cash Deficit in FY2018  
$0.73 Trillion 
GAAP Deficit in FY2018  
$5.99 Trillion 
US Unfunded Future Liabilities 
$91.5 Trillion 
US Unfunded Liabilities (GAAP) 
 $112.5 Trillion 
imaginary-counterfeit money 
$112.5 Trillion 
Total National Assets  $137.5 Trillion 

Source: www.usdebtclock.org March 26, 2018


This problem can only be equitably resolved by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government. In order to create a level economic playing field throughout the planet, the U.S. Government must eliminate this fraud and corruption.


You can learn more about this fraud/Ponzi scheme by reading my websites www.usaponzi.net and www.usaponzi.com or my books “USAPonzi”, “USAPonzi2”, and “USAPonzi3” which are available on Amazon and also on my  www.usaponzi.net website in Kindle and PDF formats.


This is the biggest ($112.5 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