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

Imaginary-Counterfeit Prosperity(GDP)
October 12, 2017    Emailed to WSJ/NYT/DMN on 10/12/17


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times” and “The Dallas Morning News” that explains how the U.S. Government is using fraudulent accounting to stimulate the U.S. and global economy which is producing imaginary-counterfeit prosperity.


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”!


Imaginary-Counterfeit Prosperity(GDP)

October 12, 2017


The U.S. Government is corrupt! The U.S. Government is “juicing the economy”!


The U.S. Government is creating imaginary-counterfeit prosperity by fraudulently borrowing imaginary-counterfeit money from the future Americans.


The U.S. Government is colossally stimulating the U.S. and global economy by using fraudulent accounting (See American Accounting Fraud). The U.S. Government is using a very simple technique to “juice the economy”; it prints imaginary-counterfeit money and gives it to itself and its friends, the U.S. upper class! Most of the economic activity (GDP) in the United States and throughout the planet is occurring because the U.S. Government has created $107.8 Trillion of imaginary-counterfeit money out of “thin air” and is creating $15.04 Billion more every day with ongoing GAAP basis deficit spending!


The U.S. Government is borrowing money, an ever-increasing amount of money, from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class!


The essence of this fraud is that the U.S. Government is not using accrual accounting by operating with Cash Accounting rather than the proper GAAP Accounting. As a result, the current Americans are not paying the taxes required to meet current period spending or to pay for the future benefit promises the U.S. Government has made to the U.S. Common Man. These public liabilities of $107.8 Trillion (US Unfunded Liabilities (GAAP)) have been deferred to the future Americans which has given the current Americans $107.8 Trillion of what I call imaginary-counterfeit money. This fraud is giving the current Americans another $15.04 Billion of imaginary-counterfeit money every day with ongoing GAAP basis deficit spending of $5.49 Trillion in FY2018.


Just look at nearly any segment of the U.S. and global economy and it is operating, in many cases flourishing, because the Americans have money, imaginary-counterfeit money, to buy the products and services that segment of the economy is producing.


We can buy cars, trucks, airplanes, and boats because the U.S. Government has produced the money we can use to buy this stuff by borrowing imaginary-counterfeit money from the future Americans.


We can buy, build, rent and lease houses, apartment buildings, condos, beach houses, and lake houses because the U.S. Government has produced the money we can use to buy, build, rent, and lease this stuff by borrowing imaginary-counterfeit money from the future Americans.


We can vacation, cruise, play games, go to games, watch games on TV, and watch Netflix because the U.S. Government has produced the money we can use to pay for our entertainment by borrowing imaginary-counterfeit money from the future Americans.


We can buy clothes, jewelry, computers, TVs, smartphones, trinkets, and other stuff
because the U.S. Government has produced the money we can use to pay for this stuff by borrowing imaginary-counterfeit money from the future Americans.


We can eat out, go to bars, drink expensive coffee, drink wine and beer, and drink exotic water because the U.S. Government has produced the money we can use to pay for this stuff by borrowing imaginary-counterfeit money from the future Americans.


We can get medicated, take drugs, use drugs, get new body parts, and repair old body parts
because the U.S. Government has produced the money we can use to pay for healthcare by borrowing imaginary-counterfeit money from the future Americans.


The U.S. and global economy is all a hoax created by a corrupt U.S. Government that is creating imaginary-counterfeit money out of “thin air” by using fraudulent accounting!


Imaginary-counterfeit money produced by a corrupt U.S. Government has produced imaginary-counterfeit prosperity!


The U.S. upper class is getting richer and richer because a corrupt U.S. Government is fraudulently borrowing more and more imaginary-counterfeit money from the future Americans and giving it to the U.S. upper class!


The global economy is getting bigger and bigger because a corrupt U.S. Government is fraudulently borrowing more and more imaginary-counterfeit money from the future Americans and giving it to the U.S. upper class!


The global stock market is going up and up because a corrupt U.S. Government is fraudulently borrowing more and more imaginary-counterfeit money from the future Americans and giving it to the U.S. upper class!


U.S. Government accounting fraud is in the process of borrowing an infinite amount of imaginary-counterfeit money from the future Americans to produce


Infinite imaginary-counterfeit wealth for the U.S. upper class!
Infinite imaginary-counterfeit prosperity for Americans!
Infinite imaginary-counterfeit stock market valuations for Wall Street investors!

 

National Debt 
$20.4 Trillion 
Cash Deficit in FY2018 
$0.69 Trillion 
GAAP Deficit in FY2018 
$5.49 Trillion 
US Unfunded Future Liabilities 
$87.4 Trillion 
US Unfunded Liabilities (GAAP) 
 $107.8 Trillion 
Imaginary-Counterfeit Money 
$107.8 Trillion 
Total National Assets  $134.2 Trillion 

Source: www.usdebtclock.org Oct 12, 2017


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) 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 ($107.8 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