Growth rate of USAPonzi is exponential 200306
March 6, 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 3/6/20
I am a whistleblower! The U.S. Government is corrupt!
The corrupt U.S. Government is printing counterfeit money and giving it to the U.S. upper class!
The U.S. upper class is getting richer, the U.S. economy is getting stronger, and the stock market is going higher because the corrupt U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is fraudulently borrowing money, I call it imaginary-counterfeit money, from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!
The corrupt U.S. Government has already fraudulently borrowed $128.5 Trillion of imaginary-counterfeit money from the future Americans and given it to the U.S. upper class!
As I have repeatedly tried to explain, the U.S. Government is using a fiscal and accounting fraud, I call it USAPonzi, to create the appearance of wealth and prosperity in America! The U.S Government is not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting) and as a result is borrowing money from the future Americans, money the future Americans do have, and giving it to the U.S. upper class by undertaxing them!
I call this fraudulently borrowed money, imaginary-counterfeit money, since the U.S. Government likes to pretend like the future Americans can pay it someday (imaginary) when the future Americans can never pay it (counterfeit)!
The U.S. upper class is getting rich at the rate of the GAAP basis deficit spending of the corrupt U.S. Government and since the U.S. Government has already borrowed $128.5 Trillion from the future Americans, it must pay compound interest on this massive virtual debt! The more the U.S. Government borrows from the future Americans the richer the U.S. upper class gets!
Further, as the U.S. upper class gets richer at a faster and faster pace, the U.S. Government gains more and more tax revenue from the income taxes and the capital gains taxes of the fraudulently enriched U.S. upper class! So, the more the U.S. Government fraudulently borrows from the future Americans, the more tax revenue the U.S. Government appears to have so they keep spending and promising to spend more and more imaginary-counterfeit money that the future Americans are expected to pay someday!
This is how Bernie Sanders (See Sanders leads with Socialist Lies) has been fooled into thinking he can promise to pay $50 Trillion over the next ten years for his "new benefit programs" when the "old benefit programs" are underfunded by $105.1 Trillion! That is the way Ponzi schemes work, enrich the early participants in the scheme more than they deserve and promise that the late participants in the scheme will make up the difference someday!
The reality is that the real tax revenues of the U.S. Government are miniscule compared to the imaginary-counterfeit tax revenues of USAPonzi!
Proper GAAP Accounting by the U.S. Government clearly shows that Social Security is not affordable!
Proper GAAP Accounting by the U.S. Government clearly shows that Medicare and Medicaid are not affordable!
Proper GAAP Accounting by the U.S. Government clearly shows that U.S. Government pension plans are not affordable!
Proper GAAP Accounting by the U.S. Government clearly shows that U.S. Government veteran's benefits are not affordable!
Proper GAAP Accounting by the U.S. Government clearly shows that healthcare-for-all is not affordable!
The corrupt U.S. Government has been running a Con Game for the last 50 years by not operating its fiscal policy with proper GAAP Accounting!
USAPonzi is now a $128.5 Trillion Con Game!
Because of this U.S. Government fraud that I call USAPonzi, the apparent wealth and income of the U.S. upper class is increasing exponentially, the apparent tax revenues of the U.S. Government are increasing exponentially, the size of the U.S. Government is increasing exponentially, the size of the U.S. Government benefit promises are increasing exponentially, and the number and size of our cars, airplanes, houses, condos, apartments, banks, restaurants, airports, cities, etc. etc. are increasing exponentially!
This is akin to the little boy telling a little white lie; he has to keep telling bigger and bigger new lies to try to conceal and explain his old lies!
The U.S. Government started telling a little white lie of just a few billion dollars in FY1969 and now the size of this U.S. Government lie is about $128.5 Trillion and growing by about $16.8 Billion every day!
I have tried 4 times to convince the U.S. Congress that they are committing a fiscal and accounting fraud by not using accrual accounting! The following is a link to my most recent whistleblower letter to Congress!
Whistleblower Letter #4 to the U.S. Congress January 20, 2020
|Cash Deficit in FY2020
|GAAP Deficit in FY2020
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org March 6, 2020
You can learn more about this fraud/Ponzi scheme by reading my websites www.usaponzi.net and www.usaponzi.com or better yet by reading my seventh book on USAPonzi “USAPonziD” which is available on Amazon.
This is the biggest ($128.5 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Great American Fraud” and “The Biggest Ponzi Scheme on the Planet”!
John W. White