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

Hot (real estate) market turns hotter!
July 12, 2017    Emailed to WSJ/NYT/DMN on 7/12/17


The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains why the "Hot (real estate) market turns hotter". The real estate market is hot and getting hotter because the U.S. Government is running a massive ($106.8 Trillion) Ponzi scheme!


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".


Hot (real estate) market turns hotter!

July 12, 2017


This headline article appeared on the front page of "The Dallas Morning News" on July 11, 2017:


Hot market turns hotter


Steve Brown, Real Estate Editor for the "Dallas Morning News", has been publishing article after article that highlight how the real estate market in the Dallas/Fort Worth area continues to be getting hotter and hotter.


The real estate market throughout the planet appears to be getting hotter and hotter simply because the U.S. Government is running a massive Ponzi scheme. The U.S. Government is operating with a corrupt and fraudulent fiscal policy and accounting system that is creating counterfeit money out of "thin air" so that people all over the planet can buy real estate with this counterfeit money.


I have been sending the "Dallas Morning News", the "Wall Street Journal", and the "New York Times" Op-Ed candidates that expose this U.S. Government fraud and in particular explain why real estate demand is increasing and why the price of real estate is continuing to go up and up. The U.S. Government is running a massive Ponzi scheme by operating with Cash Accounting rather than the proper GAAP Accounting. This fiscal policy and accounting system has produced massive GAAP basis deficit spending that now is estimated to be $106.8 Trillion (US Unfunded Liabilities (GAAP)) which has the effect of borrowing $106.8 Trillion from the future Americans and giving it to the U.S. upper class by undertaxing them.


Obviously, the future Americans do not have $106.8 Trillion so the U.S. Government is borrowing money that the future Americans do not have, therefore I call this fraudulently borrowed money imaginary-counterfeit money. GAAP basis deficit spending creates this imaginary-counterfeit money out of "thin air". It is imaginary because the U.S. Government just imagines that the future Americans will pay it some day but it is counterfeit because the future Americans can never pay it.


This fraud has produced $106.8 Trillion of imaginary-counterfeit money that has been fraudulently borrowed from the future Americans and given to the U.S. upper class by undertaxing them. People all over the planet, but in particular Americans, are now buying real estate and many other things with this $106.8 Trillion of imaginary-counterfeit money that has been fraudulently borrowed from the future Americans (see The Concept of Imaginary-Counterfeit Money).


The U.S. Government is borrowing more imaginary-counterfeit money from the future Americans every day with GAAP basis deficit spending (GAAP Deficit in FY2017 = $5.54T/365 = $15.18B). The U.S. Government is creating imaginary-counterfeit money out of "thin air" that Americans can use to buy bigger and bigger houses and to pay more and more for the old ones. This U.S. Government fiscal and accounting fraud, that I call USAPonzi, is producing imaginary-counterfeit money that people all over the planet are using to buy more and more and bigger and bigger houses.


The Housing Bubble that burst and caused the "Great Recession of 2008" was caused by this U.S. Government fiscal and accounting fraud (USAPonzi) and this Housing Bubble is continuing to expand because the U.S. Government is continuing to create imaginary-counterfeit money with ongoing GAAP basis deficit spending.


As I have repeatedly informed the "News Media", the U.S. Government is running a massive Ponzi scheme that has produced the Housing Bubble and this Housing Bubble is continuing to expand because the U.S. Government is passing out more imaginary-counterfeit money to the current Americans, primarily the U.S. upper class, at the rate of $15.18 Billion every day!


The U.S. Government is using Cash Accounting rather than the proper GAAP Accounting and as a result is operating a massive Ponzi scheme (USAPonzi) that is borrowing an ever-increasing and unbounded amount of imaginary-counterfeit money from the future Americans to give unlimited wealth to the U.S. upper class and to cause the "Hot (real estate) market to get hotter".


Steve Brown, the real estate market in Dallas/Fort Worth is getting hotter simply because the U.S. Government is running a massive Ponzi scheme! The U.S. Government is fraudulently borrowing imaginary-counterfeit money from the future Americans so that the current Americans can buy more and bigger houses and pay more for old houses! $106.8 Trillion of imaginary-counterfeit money can buy a lot of big houses!

 

National Debt  $20.0 Trillion 
Cash Deficit in FY2017  $0.67 Trillion 
GAAP Deficit in FY2017 
$5.54 Trillion 
US Unfunded Future Liabilities  $86.7 Trillion 
US Unfunded Liabilities (GAAP)  $106.8 Trillion 
Imaginary-Counterfeit Money 
$106.8 Trillion 
Total National Assets 

$132.3 Trillion 

Source: www.usdebtclock.org Jul 12, 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 ($106.8 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