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

Financial Warfare by Fraud 3/30/18
March 30, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 3/31/18


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post” and “The Dallas Morning News” that explains how the corrupt and criminal U.S. Government is using fiscal and accounting fraud to conduct Financial Warfare!


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!


Financial Warfare by Fraud 3/30/18

March 30, 2018


The corrupt and criminal U.S. Government is using fiscal and accounting fraud to conduct “Financial Warfare”!


The corrupt and criminal U.S. Government has fraudulently borrowed $112.6 Trillion from the future Americans so that it has plenty of money to buy bombs and guns!


The corrupt and criminal U.S. Government is committing fiscal and accounting fraud by not operating its fiscal policy with accrual accounting!


The U.S. Government, at least the Democrats, are obsessed with the concern that Russia may have used cyber-crime to influence our elections! I think it is quite evident that the Russians did try to influence our democratic process and in fact may have been successful to at least some degree in that effort!


However, I also think that the Russian cyber-crime to influence our democratic process pales in comparison to the financial-crime that the U.S. Government is using to create false wealth in America and to fraudulently finance the most powerful military force ever deployed!


The U.S. Government has borrowed $112.6 Trillion from the future Americans and $21.1 Trillion from the current Americans and investors from around the planet so that it can buy bombs and guns!


The corrupt and criminal U.S. Government has borrowed $112.6 Trillion (US Unfunded Liabilities (GAAP) in the table below) from the future Americans and given it to the U.S. upper class! The U.S. Government then taxes this massive income stream that it is giving to the U.S. upper class to get the money to buy bombs and guns! If that does not give them enough money for bombs, guns, and other stuff they just borrow more money from the now fraudulently enriched upper class! So far, the U.S. Government has borrowed $21.1 Trillion (National Debt in the table below) from the fraudulently enriched upper class!


The corrupt and criminal U.S. Government is not operating its fiscal policy according to proper and Generally Accepted Accounting Principles (GAAP Accounting)! Because the U.S. Government is not operating with accrual accounting, the U.S. Government is not properly accruing for the future U.S. Government benefits that it has promised to the U.S. general public! As a result of this accounting fraud, the U.S. Government has fraudulently borrowed $112.6 Trillion from the future Americans (US Unfunded Liabilities (GAAP) in the table below) and given it to the U.S. upper class by undertaxing them.


This accounting fraud is creating imaginary-counterfeit money out of “thin air”, $112.6 Trillion so far, to colossally enrich the U.S. upper class, to dramatically enrich the U.S. ruling class, and to provide trillions of dollars to fund the U.S. military arsenal! The U.S. Government has borrowed $112.6 Trillion from the future Americans so that it has plenty of money to buy bombs and guns! The U.S. Government borrows $16.4 Billion more money from the future Americans every day and gives it to the U.S. upper class to keep this Ponzi scheme running!


This accounting fraud is cheating the U.S. general public by promising them $91.5 Trillion of U.S. Government benefits that it has not funded (US Unfunded Future Liabilities in the table below)!


This accounting fraud is cheating the rest of the planet because the corrupt and fraudulent U.S. Government has fraudulently borrowed $112.6 Trillion from the future Americans, money that the future Americans do not have, and given it to the U.S. upper class so that 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 has committed a $112.6 Trillion financial-crime!


This accounting fraud has created trillions of imaginary-counterfeit dollars of tax revenue so that the U.S. Government can buy bombs and guns without having to pay for them! The corrupt and criminal U.S. Government is buying bombs and guns with money that it has fraudulently borrowed from the future Americans!


This accounting fraud, if allowed to continue, will allow the U.S. Government to borrow an infinite amount of money from the future Americans so the U.S. Government can buy an infinite amount of bombs and guns!


Russians are using cyber-crime to influence our democratic process!


Americans are using a $112.6 Trillion financial-crime to conduct Financial Warfare on Planet Earth with military intimidation or direct military attacks with an overpowering military arsenal financed by this fiscal and accounting fraud!


America appears to be the wealthiest and most prosperous country on Planet Earth simply because the corrupt and criminal U.S. Government is committing fiscal and accounting fraud to borrow $112.6 Trillion from the future Americans and give it to the U.S. upper class!


America appears to have the most powerful military force on Planet Earth simply because the corrupt and criminal U.S. Government is committing fiscal and accounting fraud to borrow $112.6 Trillion from the future Americans and give it to the U.S. upper class so that it can tax the U.S. upper class to get the money to buy bombs and guns!


The corrupt and criminal U.S. Government has fraudulently borrowed $112.6 Trillion of imaginary-counterfeit money from the future Americans and given it to the U.S. upper class by undertaxing them by $112.6 Trillion (US Unfunded Liabilities (GAAP))!


The rich and powerful in Washington, in corporate America, and on Wall Street are committing or supporting a massive ($112.6 Trillion) financial-crime to enrich themselves while cheating the folks on main street, cheating the rest of the planet, and attempting to control and police Planet Earth with a military force financed by this $112.6 Trillion financial-crime!


The U.S. Government is conducting Financial Warfare that was started in FY1969 by LBJ when he proposed and the U.S. Congress approved the Unified Budget to pay for the Vietnam War!


The U.S. Government has weaponized financial-crime so the United States of America can conduct Financial Warfare!


The U.S. Government is running a classic Ponzi scheme (USAPonzi) by pretending to borrow money from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class! The U.S. Government attempts to conceal this fraud by reporting its financial condition with Cash Accounting rather than the proper GAAP Accounting!


This fraud is explained in more detail in my Open Letter to Planet Earth Mar 28, 2018!


To eliminate this massive ($112.6 Trillion) fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.

 

National Debt   $21.1 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)   $112.6 Trillion  
Imaginary-Counterfeit Money   $112.6 Trillion  
Total National Assets   $137.5 Trillion  

Source: www.usdebtclock.org Mar 30, 2018


This fraud/Ponzi scheme (USAPonzi) is also explained on my website www.usaponzi.net and in my book “USAPonzi3”!


This is the biggest ($112.6 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