USAPonzi-The Biggest Ponzi Scheme on the Planet-The U.S. Government

                    Copyright Declaration                                                                                                                                       John W. White    March 29, 2013

Facebook is a Mirage created by Fraud 211008
October 8, 2021
Emailed to United Nations, Fed Chair Jay Powell, Minneapolis Fed President Neel Kashkari, Dallas Fed President Robert Kaplan, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, The U.S. SEC, NYT/WSJ/WP/CNBC/DMN on 10/8/21


Facebook
is a Mirage created by U.S. Government fraud!


Mirage

something that appears real or possible but is not in fact so.


Facebook
is an elaborate optical illusion that allows 3 billion people to interact with one another and appear to be a viable business worth $1 Trillion because the corrupt U.S. Government is printing an infinite amount of counterfeit money!


So far, the corrupt U.S. Government has printed $157.7 Trillion of counterfeit money by fraudulently borrowing it from the future Americans so the entire planet can buy stuff and charge it to the future Americans! When companies are selling stuff to people with an infinite amount of counterfeit money, they are willing to buy expensive ads on Facebook and Google to entice these flush buyers to buy their stuff with this infinite supply of counterfeit money!


Facebook
, as a business model, appears to work because the corrupt U.S. Government is printing an infinite amount of counterfeit money by fraudulently borrowing it from the future Americans! The corrupt U.S. Government is in the process of printing an infinite amount of counterfeit money by fraudulently borrowing it from the future Americans so the current Americans can buy an infinite amount of stuff and not pay for any of it!


While the Facebook concept is real and has intrinsic functional value, when this fiscal and accounting fraud is exposed this now $157.7 Trillion of counterfeit money will evaporate, nobody will be able to buy anything, Facebook will not be able to sell any ads, the Facebook business will have no financial value, Mark Zuckerberg will be flat broke, and none of people working at Facebook will have a job! Facebook and the rest of the global economy are operating on an infinite supply of counterfeit money that the corrupt U.S. Government is pretending to borrow from the future Americans (counterfeit money = US Unfunded Liabilities (GAAP) = $157.7 Trillion)!


Facebook
is a mirage created by the U.S. Government accounting fraud that I call USAPonzi!


Facebook
will continue to look like it is doing great as long as the corrupt U.S. Government can snooker the rest of the planet into believing that the future Americans will be able to pay this now $157.7 Trillion of US Unfunded Liabilities (GAAP) someday!


The U.S. Government is currently sweating out the crisis of raising the debt limit so it will look like we can pay the current US National Debt of $28.8 Trillion when they should be a little more worried about how we are going to pay for the real public liabilities that now stand at $157.7 Trillion!


Someone has got to convince the corrupt U.S. Government to start telling the truth by operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting)!


Facebook
and the U.S. upper class both look like they are doing great because the corrupt U.S. Government has fraudulently borrowed $157.7 Trillion of counterfeit money from the future Americans and given it to the U.S. upper class!


The U.S. general public has gotten screwed because the corrupt U.S. Government has not accrued the money to pay for the $128.9 Trillion worth of promised future benefits! The corrupt U.S. Government has reneged on its promise pay future benefits to the U.S. general public!


The corrupt U.S. Government is cheating the hell out of the U.S. general public so it can fraudulently enrich the U.S. upper class and fraudulently make Mark Zuckerberg an imaginary-counterfeit centibillionaire!


I am an angry whistleblower! The U.S. Government is corrupt! The corrupt U.S. Government is “cooking the books”!


The corrupt U.S. Government is committing a fiscal and accounting fraud by operating its fiscal policy with Cash Accounting rather than proper and Generally Accepted Accounting Principles (GAAP Accounting) which has produced a classic $157.7 Trillion Ponzi scheme fiscal policy, I call it USAPonzi, that is not accruing for future U.S. Government benefit promises to the U.S. general public!


When the corrupt U.S. Government does not accrue for future benefit promises, this has the effect of fraudulently borrowing money from the future Americans, I call it imaginary-counterfeit money since the future Americans can never pay this fraudulently borrowed money, and giving it to the U.S. upper class by undertaxing them!


As of today, the corrupt U.S. Government has fraudulently borrowed $157.7 Trillion of imaginary-counterfeit money from the future Americans (US Unfunded Liabilities (GAAP)), money the future Americans do not have, and given it to the U.S. upper class and is fraudulently borrowing more imaginary-counterfeit money every day and giving it to the U.S. upper class with ongoing GAAP basis deficit spending!


This fraud was started in 1969 when a scoundrelLyndon Baines Johnson, proposed and the corrupt U.S. Congress approved the Unified Budget but did not switch from Cash Accounting to GAAP Accounting that would properly accrue the money to pay future U.S. Government benefits to the U.S. general public!


The following chart shows how the corrupt U.S. Government started fraudulently borrowing imaginary-counterfeit money from the future Americans in 1969 and so far has fraudulently borrowed $157.7 Trillion and given it to the U.S. upper class!


This chart also gives a graphical projection of how the corrupt U.S. Government, with the current Ponzi scheme fiscal policy, could fraudulently borrow over a Quadrillion dollars (a thousand Trillion dollars) of imaginary-counterfeit money from the future Americans by 2041 and give it to the U.S. upper class so the entire planet can buy and build a whole-hell-of-a-lot more stuff with a Quadrillion dollars of imaginary-counterfeit money so Facebook can sell a whole-hell-of-a-lot more expensive ads!




My 15th whistleblower letter to my congressman Van Taylor 210921 explains the epic financial, economic, physical, and humanitarian disaster that is just ahead for Planet Earth because of this corruption within the U.S. Government!


The fools on Wall Street and the fools on Planet Earth have been fooled by the criminals in Washington! In the defense of Wall Street and the rest of Planet Earth, the corrupt U.S. Government may have fooled itself! We do not yet know if the people in the U.S. Government are accidental fools or intentional criminals! I suggest that we have some of each but they are all criminals whether they know it or not!

 

US National Debt  $28.8 Trillion 
Cash Deficit in FY2022  $3.00 Trillion 
GAAP Deficit in FY2021  $18.04 Trillion 
US Unfunded Future Liabilities  $128.9 Trillion 
US Unfunded Liabilities (GAAP)  $157.7 Trillion 
Imaginary-Counterfeit Money  $157.7 Trillion 
US Total National Assets  $199.1 Trillion 

Source: www.usdebtclock.org October 8, 2021


My commentary Fed-Asleep At The Switch 210901 gives a summary of the issues that this Ponzi scheme/accounting fraud is causing!


I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain USAPonzi and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can be downloaded from my websites in pdf format.


John W White
Plano, TX