Forward to Media Supreme Court Whistleblower Letter #5
May 20, 2017 Emailed to WSJ/NYT/DMN on May 20, 2017
The following Whistleblower Letter was sent to the U.S. Supreme Court on May 19, 2017 that explains how the U.S. Government is using a fraudulent fiscal policy and accounting system to steal from the future Americans, the planet, and the U.S. Common Man to enrich the U.S. ruling class and to colossally enrich the U.S. upper class.
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".
Whistleblower Letter #5 to the U.S. Supreme Court!
May 19, 2017
The following letter was sent to each member of the U.S. Supreme Court by certified mail on May 19, 2017.
May 19, 2017
Whistleblower Letter #5 to
The Supreme Court of the United States of America
To: Chief Justice John G. Roberts, Jr.
Associate Justice Anthony M. Kennedy
Associate Justice Clarence Thomas
Associate Justice Samuel Anthony Alito, Jr.
Associate Justice Sonia Sotomayor
Associate Justice Elena Kagan
Associate Justice Ruth Bader Ginsburg
Associate Justice Stephen G. Breyer
Associate Justice Neil M. Gorsuch
Supreme Court of the United States of America
1 First St NE
Washington, DC 20543
This is my 5th Whistleblower Letter to the U.S. Supreme Court expressing the same complaint; the U.S. Government is operating with a corrupt and fraudulent fiscal policy and accounting system. By using this fraudulent accounting system, the U.S. Government has fraudulently borrowed $106.2 Trillion from the future Americans and given it to the U.S. upper class.
Let me say that one more time, the U.S. Government has fraudulently borrowed $106.2 Trillion from the future Americans and given it to the U.S. upper class.
This borrowing is reported by www.usdebtclock.org as US Unfunded Liabilities (GAAP) as shown in the table below. This is fraud because the future Americans do not have $106.2 Trillion. I call this fraudulently borrowed money; imaginary-counterfeit money.
The U.S. Government is corrupt! The senior officials of the U.S. Government are criminals because they are financial beneficiaries of this accounting fraud that they are perpetrating!
The U.S. Government is fraudulently creating massive and exponentially increasing imaginary-counterfeit wealth for the U.S. upper class out of "thin air" by borrowing money from the future Americans, that they do not have, and giving it to the U.S. upper class.
The U.S. Government is not operating it fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting). As a result, the U.S. Government is promising Government benefits to various classes of U.S. citizens but is not properly funding these benefit promises. As of May 19, 2017, the U.S. Government has incurred public liabilities (US Unfunded Liabilities (GAAP)) of $106.2 Trillion. The U.S. Government has borrowed $106.2 Trillion from the future Americans and given it to the current Americans by undertaxing them. I call this fraudulently borrowed money (imaginary-counterfeit money) since the future Americans do not have this money and therefore it has no value.
The U.S. Government is reporting its financial condition with Cash Accounting in an attempt to conceal the fact that it has created $106.2 Trillion of imaginary-counterfeit money out of "thin air".
The U.S. upper class is getting filthy rich with imaginary-counterfeit money that the U.S. Government has created with deficit spending of $106.2 Trillion (US Unfunded Liabilities (GAAP))
The U.S. ruling class is getting overpaid because the U.S. Government is borrowing money ($19.9 Trillion our National Debt) to pay them more than the U.S. taxpayers have paid in taxes.
The U.S. Common Man is being cheated because the U.S. Government has underfunded the government benefit promises by $86.3 Trillion (US Unfunded Future Liabilities).
The rest of the planet is being cheated because the current Americans are buying goods and services with this $106.2 Trillion of imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans (US Unfunded Liabilities (GAAP))
The U.S. Government is corrupt! The U.S. Government is committing fiscal and accounting fraud to dramatically enrich the U.S. ruling class, to colossally enrich the U.S. upper class, to colossally cheat the U.S. Common Man, and to colossally cheat the rest of the Planet. The senior officials of the U.S. Government are common criminals that are using a fraudulent accounting system to skew massive faux wealth to themselves and to their upper class friends. The U.S. Common Man and the rest of the planet are getting ripped off by this fraud that has given the U.S. upper class $106.2 Trillion of what I call imaginary-counterfeit money over the last 48 years.
The U.S. Government does this simply by operating with a fraudulent accounting system; using Cash Accounting rather than the proper GAAP Accounting which has produced a massive Ponzi scheme that I call USAPonzi.
When the U.S. Common Man realizes just how corrupt the U.S. Government really is, we will have rioting in the streets. The general population does not trust the U.S. Government and for good reason, the U.S. Government is enriching itself and is colossally enriching the U.S. upper class while colossally cheating the U.S. Common Man and the rest of the Planet by operating with a dramatically unbalanced budget and attempting to conceal this fraud by using fraudulent accounting.
The U.S. Government has borrowed $106.2 Trillion of imaginary-counterfeit money from the future Americans and given it to the current Americans. This borrowed money is reported on www.usdebtclock.org as US Unfunded Liabilities (GAAP). This is the signature attribute of a Ponzi scheme; pay the early participants in the scheme with money from the late participants. The U.S. Government is borrowing $15.26 Billion more imaginary-counterfeit money every day from the future Americans with ongoing GAAP basis deficit spending (GAAP Deficit in FY2017 of $5.57T/365 = $15.26B).
The following tables shows the financial status of the U.S. Government, as of May 19, 2017, as estimated by www.usdebtclock.org including a comparison of how Cash Accounting and GAAP Accounting assess and report this financial status.
|Cash Deficit in FY2017
|GAAP Deficit in FY2017
|US Unfunded Future Liabilities
|| $86.3 Trillion
|US Unfunded Liabilities (GAAP)
|| $106.2 Trillion
|Total National Assets
Source: www.usdebtclock.org May 19, 2017
|Deficit in FY2017
||US Unfunded Liabilities (GAAP)
This is colossal injustice! This is fraud! The U.S. Government is corrupt! The senior U.S. Government officials are criminals!
USAPonzi is a $106.2 Trillion criminal fraud that is being perpetrated by the Government of the United States of America.
The U.S. Government has committed a $106.2 Trillion crime. The senior officials in the U.S. Government are criminals and as I said in my first of twelve whistleblower letters to the U.S. Securities and Exchange Commission dated January 8, 2014:
"I contend that every Member of Congress and every senior member of the Administration should be indicted on fraud and corruption charges if they vote for or support any financial budget that is based on our current Cash Accounting methodology."
Until the U.S. Government starts using an honest accounting system, this massive fraud and its associated distortions will continue to favor Americans, colossally cheat the U.S. Common Man, significantly enrich the U.S. ruling class, colossally enrich the U.S. upper class, and colossally cheat the rest of the planet.
This is a criminal fraud of epic proportions with global implications. The senior officials in the U.S. Government are approving the fiscal policy and budgeting process that authorizes this fraud and they are direct financial beneficiaries of this fraud making this a criminal fraud and the senior officials of the U.S. Government criminals.
The U.S. Government is knowingly and willingly making financial commitments that it cannot possibly keep.
It is imperative that all national governments be required to use Accrual (GAAP or equivalent) Accounting so that financial transactions conducted between countries can be trusted and so that financial commitments made to the citizenry by central governments can be trusted. Because of this fraud, the United States of America is not a trusted party in the global economy.
This Ponzi scheme fiscal policy has also dramatically and artificially stimulated the U.S. and global economy with this GAAP basis deficit spending. The U.S. Government has created $106.2 Trillion of imaginary-counterfeit money out of "thin air" to provide massive purchasing power for the current Americans. The implosion of USAPonzi will cause a dramatic discontinuity in the global economy that will lead to a global depression that could be even more severe than "The Great Depression". This imaginary-counterfeit money, currently $106.2 Trillion, will evaporate when USAPonzi implodes causing most banks to fail because most of the money in our banks is imaginary-counterfeit money that has been fraudulently borrowed from the future Americans.
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"and "USAPonzi2" which are available on Amazon and also on my www.usaponzi.net website in Kindle and PDF formats.
It appears that it will take action by the U.S. Supreme Court to restore justice for the U.S. Common Man and the rest of the Planet. The U.S. Supreme Court will also have the task of presiding over "The Bankruptcy of the United States of America" that will be caused by this U.S. Government fiscal and accounting fraud.
This is the biggest ($106.2 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and "The Biggest Ponzi Scheme on the Planet"!
John W. White