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

FBI White Collar Crime Charge 190313
March 13, 2019


On March 13, 2019 I presented a charge to the Federal Bureau of Investigation that the U.S. Government is committing a $123.0 Trillion criminal act by not operating its fiscal policy with proper accrual accounting, commonly called GAAP Accounting!


I presented this charge in person to the Frisco, TX FBI office with a copy of my fourth book on this accounting fraud that I call USAPonzi! This copy was the March 1, 2019 publication of my book “USAPonziA” update E1U060! I was assured that this charge would be presented to the White Collar Crime Division of the FBI!


The U.S. Government has fraudulently borrowed $123.0 Trillion from the future Americans and given it to U.S. upper class by undertaxing them!


The U.S. Government has fraudulently underfunded $100.9 Trillion of future benefit promises to the U.S. general public!


The U.S. Government has fraudulently borrowed $123.0 Trillion of imaginary-counterfeit money from the future Americans so the current Americans can buy stuff without paying for it!


The U.S. Government is in the process of fraudulently borrowing an infinite amount of imaginary-counterfeit money from the future Americans so the entire planet can buy, build, and operate an infinite number of environment-polluting physical objects!


The U.S. Government is committing a $123.0 Trillion fiscal and accounting fraud that is causing Global Warming which is Destroying Planet Earth!


Specific fraud charges against the U.S. Government are presented in more detail in Fraud Charges Against the U.S. Government!

 

National Debt    $22.1 Trillion  
Cash Deficit in FY2019   $0.87 Trillion  
GAAP Deficit in FY2019   $6.09 Trillion  
US Unfunded Future Liabilities   $100.9 Trillion  
US Unfunded Liabilities (GAAP)   $123.0 Trillion  
Imaginary-Counterfeit Money   $123.0 Trillion  
Total National Assets   $139.1 Trillion  

Source: www.usdebtclock.org March 13, 2019


GAAP Accounting
, properly applied, would prevent the U.S. Government from borrowing more money from the future Americans than the future Americans can be reasonably expected to pay!


The U.S. Government must adopt GAAP Accounting (Generally Accepted Accounting Principles) and commit to a balanced GAAP basis budget in order to eliminate this fiscal and accounting fraud and properly accrue for the future U.S. Government benefit promises that have been made to the U.S. general public!


The U.S. Government, and all sovereign entities that sponsor a currency that is used in international trade, must adopt GAAP Accounting, or its basic equivalent, to provide a level economic playing field in America and throughout Planet Earth!


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, USAPonzi2, USAPonzi3, and my latest USAPonziA.


This is the biggest ($123.0 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