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

U.S. Government Fraud Makes Ruling and Upper Classes Rich!
Oct 17, 2015     Emailed to SEC WSJ NYT DMN October 20, 2015
As posted on www.usaponzi.com


The U.S. Government (the ruling class) is committing accounting and fiscal fraud that is producing massive amounts of counterfeit money with GAAP basis Deficit Spending. The U.S. Government is improperly allocating this counterfeit money to the U.S. citizenry.


The ruling class is lining the pockets of the ruling class with $18.4 Trillion!!!!

The ruling class is lining the pockets of the upper class with $98.7 Trillion!!!!

The ruling class is cheating the Common Man by $98.7 Trillion!!!!


Systematically and fraudulently transferring financial assets, even if it is counterfeit money, from one group (the lower and middle classes/the Common Man) to another group (the ruling and upper classes) is a criminal activity even if it is done by the U.S. Government!


The U.S. Government (the ruling class) is committing accounting and fiscal fraud so that it can overpay U.S. Government employees and U.S. Government related businesses and so that it can massively enrich the U.S. upper class citizens and businesses. The U.S. Government is operating with a Ponzi scheme Fiscal Policy (USAPonzi) so that it can overpay itself (U.S. Government workers and U.S. Government related businesses) by the amount of our National Debt ($18.4 Trillion) and can dramatically undertax the upper class U.S. citizens and businesses making them appear to be very very rich by the amount of our US Unfunded Liabilities (GAAP) ($98.7 Trillion).


The U.S. Government, by using Cash Accounting rather than the proper GAAP Accounting, is claiming to have a budget deficit of $0.435 Trillion in FY2016 when our "real deficit" is our GAAP Deficit which is projected to be $5.9 Trillion in FY2016. The U.S. Government is attempting to conceal the fact that it is not funding the future social benefit promises by falsely reporting its financial condition on a Cash basis rather than with proper GAAP Accounting.


The U.S. Government is not telling the truth!


The U.S. Government is Lying!


The U.S. Government is promising to pay Social Security, Medicare, Medicaid, and other social benefits to the U.S. citizens but is just pretending to collect tax revenues to fund these social benefit promises and instead of putting the money in the social benefit trust fund is borrowing and spending the money to overpay U.S. Government workers and U.S. Government related businesses. The U.S. Government has been adding to the National Debt since USAPonzi was launched in FY1969 even after borrowing and spending all of the tax revenue collected to fund the future social benefits. The U.S. Government has overpaid the U.S. Government workers and U.S. Government related businesses by the amount of our National Debt ($18.4 Trillion).


Author's Warning:  It should also be noted that the U.S. Government's overspending is understated because USAPonzi is stimulating the U.S. and global economy and, according to my estimates, U.S. GDP is 1.6 times what it would be if the U.S. Government was operating with honest accounting (See U.S. "Real GDP" FY2015 with $5.5T Deficit). Because U.S. GDP is overstated, our sustainable tax revenues are also overstated by a similar ratio. When USAPonzi implodes, our tax revenues will drop significantly.


The U.S. Government has been lining the pockets of the U.S. Government workers and U.S. Government related businesses by overpaying them by our National Debt of $18.4 Trillion.


The U.S. Government has been dramatically lining the pockets of the upper class U.S. citizens and businesses by undertaxing them by our U.S. Unfunded Liabilities (GAAP) of $98.7 Trillion.


The U.S. Government has been cheating the lower and middle classes (the Common Man) by overpaying the ruling class ($18.4 Trillion) and by not funding the social benefit promises ($80.3 Trillion).


This is fraud! This is corruption! This is lying by the U.S. Government! This is cheating by the U.S. Government!


The U.S. Government is lying to the U.S. citizens by making promises to pay social benefits but is not taxing the upper class to pay for these benefits. The U.S. Government is cheating the lower and middle class U.S. citizens by dramatically overpaying the U.S. Government workers and U.S. Government related businesses. The U.S. Government is cheating the lower and middle class citizens by undertaxing the upper class U.S. citizens and businesses to make them appear to be very very rich.


The U.S. Government has wrongfully transferred $98.7 Trillion of counterfeit money to the U.S. upper class citizens and businesses with GAAP basis Deficit Spending. The U.S. Government has wrongfully incurred $18.4 Trillion of Debt so that it can overpay U.S. Government workers and U.S. Government related businesses with Cash basis Deficit Spending. The U.S. Government has wrongfully promised to pay $80.3 Trillion of social benefits but has not funded one penny of these promises.


See The Impact of Deficit Spending for more information about how this U.S. Government fraud is creating counterfeit money to overpay U.S. Government workers and businesses, to overpay social benefit recipients, and to appear to make The U.S. Upper Class citizens and businesses super wealthy.


This U.S. Government fraud has created a classic Ponzi scheme that is dramatically stimulating the U.S. and global economy and will introduce and infinite amount of counterfeit money into the global financial system if it is allowed to continue (See The Infinite Counterfeit Money Machine!). This U.S. Government fraud has ballooned the size of the U.S. Government to the point that the U.S. Government is now financially out of control!


The U.S. Government is much too big!


The U.S. Government is financially out of control!


The future U.S. taxpayers are now expected to pay $98.7 Trillion of deferred Public Liabilities that are increasing at an exponentially increasing rate.  These deferred Public Liabilities can never be paid!


The U.S. Government is technically bankrupt!


The U.S. Government and the upper class U.S. citizens and businesses are conspiring together to make the ruling class rich and the upper class super rich while Cheating the Common Man by running a Ponzi scheme Fiscal Policy that is produced by this U.S. Government accounting and fiscal fraud! The U.S. Government is filled with Scoundrels, Liars, and Cheaters and the U.S. upper class is no better since they are not willing to expose this U.S. Government accounting and fiscal fraud that is appearing to make them super rich!


To terminate this U.S. Government accounting and fiscal fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget in order to establish an equitable and sustainable fiscal policy for the Government of the United States of America.


This U.S. Government accounting and fiscal fraud (USAPonzi) has, to date, created $98.7 Trillion of counterfeit money!  This is why I say


USAPonzi is "The Biggest Ponzi Scheme on the Planet".


Because of this U.S. Government accounting and fiscal fraud, I predict that we are headed toward a global financial system meltdown because the U.S. Government will be forced to declare bankruptcy.


See The Implosion of USAPonzi for an explanation of what I predict will happen when USAPonzi implodes and this global financial system meltdown occurs.


Financial data presented in this commentary was sourced from www.usdebtclock.org as of October 17, 2015.