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

How Lee Harvey Oswald created ISIS
December 20, 2017
Emailed to WSJ/NYT/DMN, the US SEC, and Congressman Pete Sessions on 12/20/17

The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, and “The Dallas Morning News” that explains How Lee Harvey Oswald created ISIS! U.S. Government accounting fraud is printing imaginary-counterfeit money ($109.3 Trillion as of December 20, 2017) that ISIS is using to buy military equipment and training to “Terrorize” the “civilized world”! I referred to this “imaginary-counterfeit money” as “counterfeit money” in my November 22, 2015 commentary that is reprinted below.

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”!

How Lee Harvey Oswald created ISIS
November 22, 2015

I contend that the terrorist group, ISIS, exists only because of the Ponzi scheme fiscal policy (USAPonzi) that is creating counterfeit money, counterfeit private wealth, and counterfeit prosperity for U.S. citizens and businesses with massive GAAP basis deficit spending. By deferring an ever increasing percentage of the cost of operating the U.S. Government to the future U.S. taxpayers, the U.S. Government is handing out counterfeit money to all U.S. citizens and businesses by either overpaying them with social benefits, overpaying them with Government pay, or undertaxing them with GAAP basis deficit spending. This has created $99.8 Trillion of counterfeit money (reported on Nov 22, 2015 as US Unfunded Liabilities (GAAP)) that makes the people in the U.S. appear rich and prosperous and gives them tremendous buying power.

This counterfeit money has created massive inflation in the price of goods and services and one of these goods is oil. All of the people in the U.S. can buy oil (and gas) with our counterfeit money supply which is growing exponentially. This supply of counterfeit money will increase by another $5.9 Trillion in FY2016 (our GAAP basis Deficit) so that we and others can buy even more oil, gas, and other stuff. Some of that other stuff can be instruments of war.

So now let's connect the dots.

Oswald assassinates JFK.

LBJ becomes President.

This gets a scoundrel into the White House.

LBJ spends Billions on the Vietnam War.

LBJ “balances the budget” in FY1969 with the Unified Budget by “borrowing” the money in the social benefit trust funds to pay for the Vietnam War.

The Unified Budget is corrupt and fraudulent by using Cash Accounting rather than GAAP Accounting.

This creates a Ponzi scheme that has now deferred $99.8 Trillion of public liabilities to the future U.S. taxpayers with GAAP basis deficit spending by overspending on a cash basis and by not funding the future social benefit promises.

This creates $99.8 Trillion of counterfeit money but since it is the USA that is producing this counterfeit money the rest of the planet thinks it must be sound money.

This creates huge buying power for the U.S. citizens and the rest of the planet to buy oil at very high prices.

This transfers massive but counterfeit wealth to the oil producing countries around the world.

ISIS then captures some of the oil wells in Iraq and gets funding from other Middle East oil sources to finance their terrorist activities.

ISIS can now buy instruments of war on the flimsy credit card of the future U.S. taxpayers that currently has an outstanding balance due of $99.8 Trillion.

ISIS is now able to terrorize the “Western World” with weapons and training purchased with counterfeit money that was originally borrowed from the future U.S. taxpayers because Oswald assassinated JFK.

Ponzi schemes can cause severe distortions in our financial system and our economy. And they can even influence our geopolitical and military behavior.

We have a bunch of Scoundrels, Liars, and Cheaters in the U.S. Government that are responsible for this fraud and corruption and the upper class is no better because they are willing to go along with this fraud and corruption because it is appearing to make them filthy rich with counterfeit money.

But in the case of ISIS, this has backfired on the USA because the counterfeit money created by this Ponzi scheme is being used to buy military weapons and training to terrorize the “Western World”.


National Debt  $18.7 Trillion 
Cash Deficit in FY2016  $0.43 Trillion 
GAAP Deficit in FY2016  $5.87 Trillion 
US Unfunded Future Liabilities  $81.1 Trillion 
US Unfunded Liabilities (GAAP)  $99.8 Trillion 
Imaginary-Counterfeit Money  $99.8 Trillion 
Total National Assets  $118.7 Trillion November 22, 2015

To eliminate this fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.

I have published a website 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 website is an introduction to my more detailed website 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 fraud/Ponzi scheme is also explained in “short story style” in my October 1, 2017 commentary USAPonzi CliffsNotes and in my October 8, 2017 commentary USAPonzi Elevator Speech.

This is the biggest ($109.3 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