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

Food Lines of Nice Cars in America 200422
April 22, 2020
Emailed to The United Nations, Fed Chair Jay Powell, St Louis Fed President James Bullard, 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, and NYT/WSJ/WP/DMN/CNBC on 4/23/20


Food Lines in California April 10, 2020


The above picture was taken on April 10, 2020, showing that in the richest country on earth’ people are having to line up at food pantries in their nice cars to get their next meal!


How ironic that people that own nice cars are having to get in food lines that are similar to the soup lines of ‘The Great Depression’ to get food for their families!


The U.S. Government likes to blame this on the Coronavirus Pandemic that has put the global economy on hold as Planet Earth deals with this deadly virus! But that is NOT the ‘root cause’ of this food crisis! This food crisis has been caused by the U.S. Government accounting fraud that I call USAPonzi!


In fact, this accounting fraud has caused the Coronavirus Pandemic!


USAPonzi
is causing Global Warming, causing the Coronavirus Pandemic, and causing The Death of Planet Earth!


The U.S. Government is not using proper and Generally Accepted Accounting Principles (GAAP Accounting) and as a result is enriching the U.S. upper class and cheating the U.S. general public! The U.S. Government is not using accrual accounting, called GAAP Accounting in America, and as a result is promising benefits to the U.S. general public that it is not funding! When the U.S. Government does not accrue the money to pay future benefits the U.S. upper class gets rich and the U.S. general public gets screwed!


So far, this accounting fraud has given the U.S. upper class $144.6 Trillion and cheated the U.S. general public out of $120.0 Trillion! The U.S. Government has fraudulently borrowed $144.6 Trillion of what I call imaginary-counterfeit money from the future Americans and given it to the U.S. upper class!


The corrupt U.S. Government is in the process of borrowing an infinite amount of money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class! So far, this is a $144.6 Trillion fraud!


When the U.S. upper class spends some of their $144.6 Trillion of imaginary-counterfeit money the U.S. general public can have well paying jobs providing services to the U.S. upper class that lets them buy nice cars, even fancy cars, and nice houses.


The U.S. Government accounting fraud, that I call USAPonzi, is in the process of borrowing an infinite amount of money from the future Americans to give the U.S. upper class an opulent life style and to give a decent livelihood to the working class U.S. general public!


When the Coronavirus Pandemic hit, the music stopped! The U.S. upper class quit spending their imaginary-counterfeit money and many of the U.S. general public immediately lost their jobs!


Now the U.S. Government wants to restart this $144.6 Trillion Ponzi scheme so the U.S. general public will have food on their tables! The strategy that the U.S. Government is using to restart this Ponzi scheme is to borrow a whole hell of lot more money from the future Americans to further enrich the U.S. upper class so they will spend more imaginary-counterfeit money to put food on the table for the U.S. general public!


The Nature of a Ponzi Scheme

This is the nature of a Ponzi scheme, once the operator of a Ponzi scheme starts depending on the money coming in from the late participants in the scheme to pay the current participants in the scheme, the operator has no choice but to count on an infinite amount of incoming funds from the late participants to sustain the Ponzi scheme!


The First Rule of Holes


This strategy for running the U.S. Government invokes ‘The First Rule of Holes’ which goes as follows:


‘If you are digging a hole and can't get out of it, stop digging!’


The U.S. Government is in a $144.6 Trillion hole!


According to the estimates made by usdebtclock.org, the U.S. Government borrowed $12.5 Trillion from the future Americans between March 27, 2020 and April 22, 2020! and gave it to the U.S. upper class by undertaxing them!


US Unfunded Liabilities (GAAP)

March 27, 2020 
$132.1 Trillion 
April 22, 2020 
$144.6 Trillion 


When this Ponzi scheme implodes nobody will have any money, this imaginary-counterfeit money will evaporate, and we will all be in food lines!


The global economic depression, I call it ‘The Greatest Depression’, that will occur when this Ponzi scheme implodes will be at least four times as serious as ‘The Great Depression’ (See U.S. Total Liabilities Leverage 4.3X 1929)!


This U.S. Government accounting fraud, that I call USAPonzi, is printing imaginary-counterfeit money so Americans can buy nice cars to drive to the food banks to get their next meal!


And by the way, this accounting fraud is also printing the imaginary-counterfeit money to pay for the gas for the nice cars that people are using to drive to the food bank!


The following are links to my whistleblower letters to Planet Earth and the U.S. Congress in an attempt to expose the fraud and corruption within the U.S. Government!


Whistleblower Letter #1 to Planet Earth
Whistleblower Letter #4 to the U.S. Congress



US National Debt  $24.6 Trillion 
Cash Deficit in FY2020  $2.39 Trillion 
*GAAP Deficit in FY2020  >$17.9 Trillion 
US Unfunded Future Liabilities  $120.0 Trillion 
US Unfunded Liabilities (GAAP)  $144.6 Trillion 
Imaginary-Counterfeit Money  $144.6 Trillion 
US Total National Assets  $144.7 Trillion 

Source: www.usdebtclock.org April 22, 2020
*usdebtclock.org has stopped explicitly reporting the GAAP Deficit. The GAAP Deficit is implicitly reported as the change in US Unfunded Liabilities (GAAP).


I have written two websites (USAPonzi.com and USAPonzi.net) and seven books (the latest is USAPonziD which is available on Amazon) that explain this fraud and the impact it is having on Planet Earth!


John W. White
Plano, TX