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

Greed Trumps Honesty in America 180601
June 1, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 6/1/18


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 why Greed in America has TRUMPed honesty, integrity, and equality! The corroupt and criminal U.S. Government is fraudulently giving infinite wealth to the U.S. upper class by not operating with accrual accounting!


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 “colossally feather the nests of their upper-class friends”! The U.S. Government is not using accrual accounting!


The “news media” is aiding and abetting the corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud!


Greed Trumps Honesty in America 180601

June 1, 2018


America appears to be the richest and most powerful country on Planet Earth simply because the U.S. Government is committing fiscal and accounting fraud!


This fraud is giving Infinite wealth to the U.S. upper class!!!!!!!!


This fraud has already given the U.S. upper class $113.4 Trillion!


Greed Trumps Honesty in America!


The corrupt and criminal U.S. Government is using fraudulent accounting to produce counterfeit wealth and prosperity for the U.S. upper class and the U.S. ruling class!


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


This fiscal and accounting fraud is fraudulently transferring infinite wealth to the U.S. upper class!


It is impossible for me to believe that everyone in Washington, DC is unaware of this fiscal and accounting fraud! But it is clear to me that no-one in Washington, DC is willing to step forward and declare that the U.S. Government is corrupt because the U.S. Government is not using accrual accounting! The corrupt and criminal U.S. Government is stealing money from the U.S. general public and is stealing assets from the rest of the planet to enrich the U.S. ruling class and to colossally enrich the U.S. upper class!


The corrupt and criminal U.S. Government is borrowing money, $113.4 Trillion so far, from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class! This borrowing is reported on www.usdebtclock.org as US Unfunded Liabilities (GAAP)! The corrupt and criminal U.S. Government is borrowing an unending and ever-increasing amount of imaginary-counterfeit money from the future Americans and giving it to the U.S. upper class!


No wonder we have a wealth and income gap!
The members of 1% club are making out like bandits!
$113.4 Trillion increasing exponentially is going to the 1% club!


Greed has trumped honesty in the United States of America!


Greed has trumped integrity in the United States of America!


Greed has trumped equality in the United States of America!


Greed has caused the U.S. Government to fraudulently borrow $113.4 Trillion of imaginary-counterfeit money from the future Americans and give it to the U.S. upper class!


Greed is transferring infinite wealth to the U.S. upper class!


GAAP basis deficit spending is digitally printing imaginary-counterfeit money at the current rate of $16.5 Billion a day and giving it to the U.S. upper class by undertaxing them (GAAP Deficit in FY2018 = $6.02T/365 days = $16.49B)!


This fiscal and accounting fraud is explained in more detail in my “Open Letter to Planet Earth 180525”!


The U.S. Government is filled with scoundrels, liars, cheaters, and criminals that are running a massive Ponzi scheme because they are not operating the U.S. Government fiscal policy with proper accrual accounting!


We now have 535 criminals in the U.S. Congress and an untold number of criminals in the White House!


To eliminate this massive fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget. GAAP Accounting (Generally Accepted Accounting Principles) is the commonly used name in America for the accounting guidelines for accrual accounting.

 

National Debt   $21.2 Trillion  
Cash Deficit in FY2018   $0.76 Trillion  
GAAP Deficit in FY2018   $6.02 Trillion  
US Unfunded Future Liabilities   $92.2 Trillion  
US Unfunded Liabilities (GAAP)   $113.4 Trillion  
Imaginary-Counterfeit Money   $113.4 Trillion  
Total National Assets   $139.8 Trillion  

Source: www.usdebtclock.org Jun 1, 2018


This fraud/Ponzi scheme (USAPonzi) is explained in much more detail on my websites www.usaponzi.net and www.usaponzi.com and in my books “USAPonzi”, “USAPonzi2”, and “USAPonzi3”!


This is the biggest ($113.4 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