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

Home prices hit new record high!
June 10, 2017     Emailed to the WSJ/NYT/DMN on 6/10/17


The following is an open letter to Steve Brown (Dallas Morning News),  "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains why "Home prices hit new records"! Home prices increase because the U.S. Government is corrupt! The U.S. Government is using fraudulent 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 "dramatically feather the nests of their upper-class friends".


Home prices hit new record high!

June 10, 2017


This is an open letter to Steve Brown of the "Dallas Morning News".


Dear Steve Brown
Dallas Morning News
Real Estate Editor


I just read your article in the "Dallas Morning News" this morning: "Home prices hit new record"!


Home prices are setting new record highs all over the United States of America!


This is happening for one reason and one reason only! The U.S. Government is using a corrupt and fraudulent accounting system! The U.S. Government is using Cash Accounting rather than the proper GAAP Accounting. Because of this accounting fraud, the U.S. Government is borrowing imaginary-counterfeit money from the future Americans and giving it to the current Americans! The U.S. Government is running a Ponzi scheme (USAPonzi) that is creating imaginary-counterfeit money out of "thin air" and giving it to the current Americans with the U.S. upper class getting most of this now $106.4 Trillion.


Home prices have been increasing at the rate of nominally 5% per year since 1969 because the U.S. Government has been fraudulently printing imaginary-counterfeit money by operating with Cash Accounting. (See Inflation-A Byproduct of USAPonzi). GAAP basis deficit spending creates imaginary-counterfeit money and the U.S. Government is printing $15.23 Billion of imaginary-counterfeit money every day (GAAP Deficit in FY2017 = $5.56T/365 = $15.23B)!


Home prices are going up at an exponentially increasing rate because the U.S. Government is being run by a bunch of common criminals!


By the way, the stock market is going up at an astounding rate for precisely this same reason! And oil prices! And gold prices! And car prices! And egg prices! etc. etc. etc.


See "The Cause of the Internet and Housing Bubbles".


We must have Truth in the U.S. Government!

 

National Debt    $19.9 Trillion 
Cash Deficit in FY2017 
$0.57 Trillion 
GAAP Deficit in FY2017 
$5.56 Trillion 
US Unfunded Future Liabilities  $86.5 Trillion 
US Unfunded Liabilities (GAAP)  $106.4 Trillion 
Imaginary-Counterfeit Money 
$106.4 Trillion 
Total National Assets 
$132.2 Trillion 

Source: www.usdebtclock.org Jun 10, 2017


This U.S. Government fraud can only be equitably eliminated by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government.


I have published a website www.usaponzi.net that explains how this fraud works to create a massive global wealth and income gap between the haves and the have-nots and to create false wealth and prosperity for the current Americans. The www.usaponzi.net website is an introduction to my more detailed website www.usaponzi.com and my books "USAPonzi" (Nov 22, 2015) and "USAPonzi2" (May 1, 2017) which are available on Amazon to better explain this fraud/Ponzi scheme.


This is the biggest ($106.4 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and it is "The Biggest Ponzi Scheme on the Planet"!


John W. White

Plano, TX