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

Human Rights Violation in America
May 11, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congresman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 5/11/18


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 how the U.S. Government is committing a colossal “Human Rights Violation in America” by operating its fiscal policy with a fraudulent accounting system!


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!


Human Rights Violation in America
May 11, 2018


human right

noun
plural noun: human rights
a right that is believed to belong justifiably to every person.
“a flagrant disregard for basic human rights”


The U.S. Government is violating the “human rights” of the U.S. general public by operating its fiscal policy with a fraudulent accounting system that is enriching the U.S. upper class by $113.1 Trillion (US Unfunded Liabilities (GAAP)) and underfunding the future benefit promises to the U.S. general public by $92.0 Trillion (US Unfunded Future Liabilities)!


The U.S. Government is not operating its fiscal policy with accrual accounting and as a result is not properly accruing for future benefit promises to the U.S. general public and is undertaxing and enriching the U.S. upper class because it is not properly funding these future benefit promises!


The corrupt and criminal U.S. Government is passing out imaginary-counterfeit money, $113.1 Trillion so far, to the U.S. upper class with GAAP basis deficit spending so that they can live like kings and educate their children in fancy private schools while the U.S. general public has to live on a relatively fixed hourly/weekly/monthly wage or limited U.S. Government handouts and send their children to public schools that are at best modestly funded!


GAAP basis accounting reports that the U.S. Government has borrowed $113.1 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the current Americans, primarily the U.S. upper class! The problem is; the future Americans do not have $113.1 Trillion! This is a $113.1 Trillion fraud!


The corrupt and criminal U.S. Government has fraudulently enriched the U.S. upper class by $113.1 Trillion and screwed the U.S. general public out of $92.0 Trillion by committing fiscal and accounting fraud!


By not properly accruing for the future benefit promises, the U.S. Government is dramatically and progressively creating an ever-expanding wealth and income gap and human rights gap between the elite in America and the common man in America! A $113.1 Trillion accounting fraud that enriches the elite by $113.1 Trillion and cheats the common man by $92.0 Trillion, produces massive social injustice and a colossal human rights violation!


This accounting fraud is also creating a wealth and income gap and a human rights gap between America and the rest of the planet because Americans are buying goods and services from the rest of the planet with imaginary-counterfeit money! Many Americans do not have to work for a living because of this fraud; they just expect the U.S. Government to fraudulently borrow more and more imaginary-counterfeit money from the future Americans and give it to the U.S. upper class!


Americans are buying all kinds of stuff, without paying for it, because the corrupt and criminal U.S. Government is not using proper accrual accounting! One example of the impact of this fraud is the number of cars that we have on the road! This accounting fraud is causing traffic jams! The corrupt and criminal U.S. Government is borrowing imaginary-counterfeit money from the future Americans, $113.1 Trillion so far, so that we can buy an unending stream of cars! This is why Amazon can sell so damn much stuff! This is why Apple can sell so damn many increasingly expensive iPhones! This is why Boeing can sell so damn many airplanes!


This is why all of the FAANG stocks (Facebook, Apple, Amazon, Netflix, and Google) have market caps of hundreds of $billions; the corrupt and criminal U.S. Government has fraudulently borrowed $113.1 Trillion of monopoly money from the future Americans and given it to the U.S. upper class so all Americans can buy stuff without having to pay for any of it! The future Americans are expected to pay for these purchases someday!


The stock market is going to the moon and the global economy seems to be in synchronized growth mode simply because we have a bunch of criminals in Washington that are committing a $113.1 Trillion fiscal and accounting fraud which I have named USAPonzi!


Because the U.S. Government is corrupt, we are buying stuff with money that the U.S. Government has fraudulently borrowed from the future Americans! The problem is, the future Americans do not have this money; that is why I call it imaginary-counterfeit money! This is what makes a Ponzi scheme a Ponzi scheme!


The U.S. Government is sponsoring a pre-programmed and biased financial system to fraudulently enrich the elite in America, to colossally oppress the common man in America, and to fraudulently elevate the standard of living in America relative to the rest of the planet!


The U.S. Government is quick to accuse other countries of human rights violations when the U.S. Government itself is committing what could be the most progressive economic human rights violation on the planet. This accounting fraud is making the elite in America richer and richer and richer and is making the lower classes in America poorer and poorer and poorer! This accounting fraud is building luxury housing for the elite and makes it difficult for many of the common man to afford even modest living accommodations.


Enriching the rich to oppress the poor is not a fair practice!


Oppressing the poor to enrich the rich is not a fair practice!


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


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


The U.S. Government has committed the biggest financial fraud ever perpetrated; a $113.1 Trillion fiscal and accounting fraud that is a classic Ponzi scheme which I have named USAPonzi!


This fraud is explained in more detail in my Open Letter to Planet Earth commentary!


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!


The U.S. Government is committing a colossal human rights violation by not using accrual accounting!


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   $21.1 Trillion  
Cash Deficit in FY2018   $0.75 Trillion  
GAAP Deficit in FY2018   $6.01 Trillion  
US Unfunded Future Liabilities   $92.0 Trillion  
US Unfunded Liabilities (GAAP)   $113.1 Trillion  
Imaginary-Counterfeit Money   $113.1 Trillion  
Total National Assets   $139.1 Trillion  

Source: www.usdebtclock.org May 11, 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 ($113.1 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