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

Imaginary U.S. Military by Fraud 1/19/18
January 19, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 1/19/18


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 a corrupt and criminal U.S. Government has produced the “Imaginary U.S. Military” by fraudulently borrowing $111.7 Trillion from the future Americans to pay for our military equipment!


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”!


The “news media” is aiding and abetting the corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud!


Imaginary U.S. Military by Fraud 1/19/18
January 19, 2018


To use the “Donald Trump vernacular”, the biggest economic difference between America and the “s-hole countries” is accounting fraud!


The U.S. Government is using accounting fraud to deploy the most powerful military force on the planet!


The corrupt and criminal U.S. Government has created an “Imaginary U.S. Military” by fraudulently borrowing $111.7 Trillion from the future Americans!


The U.S. Government is corrupt! The U.S. Government is being run by a bunch of criminals! The U.S. Government is committing fiscal and accounting fraud! The U.S. Government is not using proper GAAP Accounting! The U.S. Government is running a classic Ponzi scheme that is creating money out of “thin air” that the U.S. Government is using to buy and operate our military equipment!


The U.S. Government, by using fraudulent accounting, has stealthily borrowed $111.7 Trillion from the future Americans and given it to the U.S. upper class! The U.S. Government is borrowing money from the future Americans, that the future Americans do not have, to create $111.7 Trillion of imaginary-counterfeit money that it then gives to the U.S. upper class by undertaxing them (US Unfunded Liabilities (GAAP))!


In order to enrich the U.S. upper class, the U.S. Government is not operating according to Generally Accepted Accounting Principles (GAAP Accounting). Because the U.S. Government is not using proper accounting, it is making benefit promises to the U.S. general public but is not taxing the U.S. upper class enough to pay for these future benefits. The corrupt and criminal U.S. Government is underfunding future benefit promises to the U.S. general public so that it can enrich the U.S. upper class, overpay the U.S. ruling class, and buy more military equipment!


Because the U.S. Government is using fraudulent accounting, the U.S. Government appears to be able to deploy the most powerful military force on the planet. The U.S. Government has already fraudulently borrowed $111.7 Trillion from the future Americans and is borrowing another $16.4 Billion of imaginary-counterfeit money from the future Americans every day so that we can buy more guns, bombs, rockets, missiles, fighter jets, aircraft carriers, helicopters, destroyers, etc and recruit more military personnel.


The United States of America has built an imaginary military force that is unparalleled in history by borrowing $111.7 Trillion of imaginary-counterfeit money from the future Americans to enrich the U.S. upper class, to overpay the U.S. ruling class, and to pay for our national defense. The military equipment already purchased is real but it is unsupportable and unsustainable because the U.S. taxpayers cannot afford the maintenance and operating expense for the military equipment and personnel that this fraudulently borrowed money has already purchased and recruited.


The U.S. Government is enriching the U.S. upper class by undertaxing them so they can pay imaginary-counterfeit taxes to the U.S. Government to pay for some of our defense spending and then the U.S. Government borrows more imaginary-counterfeit money from the fraudulently enriched upper class so that the U.S. Government can spend even more for our national defense.


The United States of America appears to the richest and most prosperous country on the planet simply because the corrupt and criminal U.S. Government has fraudulently borrowed $111.7 Trillion from the future Americans, money that the future Americans do not have, and given it to the U.S. upper class!


We have a corrupt U.S.
Government that has produced an imposing but “Imaginary U.S. Military” by using fraudulent accounting!


The U.S. military appears to be the most powerful military force ever assembled because of the U.S. Government fiscal and accounting fraud that I call USAPonzi; a $111.7 Trillion fraud!


Again using the “President Trump vernacular”, the biggest economic difference between America and the “s-hole countries” is accounting fraud!

 

National Debt  $20.6 Trillion 
Cash Deficit in FY2018  $0.65 Trillion 
GAAP Deficit in FY2018  $5.98 Trillion 
US Unfunded Future Liabilities  $91.1 Trillion 
US Unfunded Liabilities (GAAP)  $111.7 Trillion 
Imaginary-Counterfeit Money  $111.7 Trillion 
Total National Assets  $134.6 Trillion 

Source: www.usdebtclock.org Jan 19, 2018


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 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), “USAPonzi2” (May 1, 2017), and “USAPonzi3” (pre-release Feb 1, 2018) which are available on Amazon to better explain this fraud/Ponzi scheme and the impact it is having on Planet Earth.


This is the biggest ($111.7 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