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

Global Warming Apocalypse 190613
June 13, 2019 
Emailed to WSJ/NYT/WP/DMN, the U.S. SEC, Fed Chairman Jay Powell, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, and Dallas Mayor Mike Rawlings 6/13/19



apocalypse
a·poc·a·lypse

noun


1. the complete final destruction of the world, as described in the biblical book of Revelation.
2. an event involving destruction or damage on an awesome or catastrophic scale.


The corrupt and criminal U.S. Government is operating its fiscal policy with a fraudulent accounting system that has Planet Earth on a path to Global Warming Apocalypse!


The corrupt and criminal U.S. Government has Planet Earth on a path to Global Warming Apocalypse by fraudulently borrowing an infinite amount of money from the future Americans so the current residents of Planet Earth can fraudulently buy and build an infinite number of environment-polluting physical objects!


The corrupt and criminal U.S. Government has already fraudulently borrowed $124.4 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and is fraudulently borrowing another $16.8 Billion every day (with GAAP basis deficit spending) to move Planet Earth ever closer to the coming Global Warming Apocalypse!


The corrupt and criminal U.S. Government is not using proper and Generally Accepted Accounting Principles (GAAP Accounting) and as a result is in the process of fraudulently borrowing an unending and ever-increasing (infinite) amount of money from the future Americans and giving it to the U.S. upper class by undertaxing them!


Because of this accounting fraud, the entire planet is in the process of building an unending and ever-increasing (infinite) number of environment-polluting physical objects which is causing Global Warming that is in the process of Destroying Planet Earth!


The corrupt and criminal U.S. Government has been running a classic Ponzi scheme since 1969, I call it USAPonzi, when the U.S. Government adopted the Unified Budget! This Ponzi scheme is in the process of printing an infinite amount of what I call imaginary-counterfeit money that the planet is using to buy and build an infinite number of environment-polluting physical objects that has Planet Earth on a direct path to Global Warming Apocalypse!


In FY1969, when the Unified Budget went into effect, the U.S. Government stopped taxing the U.S. upper class to pay for future U.S. Government benefits! The U.S. Government has deferred $124.4 Trillion of public liabilities to the future Americans and undertaxed the U.S. upper class by $124.4 Trillion which has produced $124.4 Trillion of imaginary-counterfeit money!


This accounting fraud has the effect of printing imaginary-counterfeit money at the rate of the U.S. Government GAAP basis deficit spending which is currently $6.12 Trillion in FY2019 or $16.8 Billion every day (GAAP Deficit in FY2019 = $6.12T/365 days = $16.8B/ day)!



National Debt  $22.4 Trillion 
Cash Deficit in FY2019  $1.00 Trillion 
GAAP Deficit in FY2019  $6.12 Trillion 
US Unfunded Future Liabilities  $102.0 Trillion 
US Unfunded Liabilities (GAAP)  $124.4 Trillion 
Imaginary-Counterfeit Money  $124.4 Trillion 
Total National Assets  $151.9 Trillion 

Source: www.usdebtclock.org June 13, 2019


The corrupt and criminal U.S. Government has assumed $124.4 Trillion of public liabilities, is assuming $6.12 Trillion more public liabilities in FY2019, and must pay compound interest on this $124.4 Trillion of public liabilities! This means that these public liabilities will converge toward infinity, the imaginary-counterfeit wealth of the U.S. upper class will converge toward infinity, and the current Americans, primarily the U.S. upper class, will have an infinite supply of imaginary-counterfeit money with which they can buy and build an infinite number of environment-polluting physical objects!


The corrupt and criminal U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is printing an infinite supply of imaginary-counterfeit money by fraudulently borrowing it from the future Americans so the current Americans, primarily the U.S. upper class, can buy an infinite number of things without paying for any of them!


USAPonzi is in the process of fraudulently building an infinite number of cars, trucks, boats, airplanes, houses, factories, oil wells, skyscrapers, airports, cities, guns, bombs etc. etc.!


The corrupt and criminal U.S. Government is filling up Planet Earth with an infinite number of environment-polluting physical objects that are being bought and built with an infinite supply of imaginary-counterfeit money, currently $124.4 Trillion, that the U.S. Government is fraudulently borrowing from the future Americans and giving to the U.S. upper class!


USAPonzi
is causing Global Warming that is Destroying Planet Earth!


The following chart shows how global temperatures started to rise in 1969 when USAPonzi was launched!


 
My April 3, 2019 commentary to the Federal Reserve and the U.S. Global Change Research Program provides a more detailed explanation of how this accounting fraud is causing Global Warming!


Climate Change and the Federal Reserve II


While the above chart indicates that the global average temperature change appears to be linear, the science of mathematics informs us that global average temperature is increasing exponentially and therefore the global average surface temperature change is actually on a parabolic trajectory.


This is due to the fact that the U.S. Government has assumed $124.4 Trillion of public liabilities and must pay compound interest on these public liabilities! Compound interest on these public liabilities causes these public liabilities, and the fraudulently produced imaginary-counterfeit money, to increase exponentially!


Therefore, the speed at which Planet Earth is approaching the Global Warming Apocalypse is increasing as time goes on and this global average surface temperature change, if this accounting fraud is allowed to continue, will form the shape of a parabola as the global average surface temperature increases at a faster and faster pace!


Hopefully, this accounting fraud is acknowledged and eliminated before this parabolic shape becomes evident in the NASA global average surface temperature chart!


The only way to prevent this Global Warming Apocalypse is for the U.S. Government to adopt GAAP Accounting and commit to a balanced GAAP basis budget!


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


I have also written an  
Open Letter to Planet Earth in an effort to provide a short and concise explanation of this U.S. Government fiscal and accounting fraud that I call USAPonzi.


This is the biggest ($124.4 Trillionfinancial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”!


John W. White
Plano, TX