USAPonzi-The Biggest Ponzi Scheme on the Planet-The U.S. Government

                    Copyright Declaration                                                                                                                                       John W. White    March 29, 2013

Inflation Stupidity by Cooking the Books 211014
October 14, 2021
Emailed to United Nations, Fed Chair Jay Powell, Minneapolis Fed President Neel Kashkari, Dallas Fed President Robert Kaplan, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, The U.S. SEC, NYT/WSJ/WP/CNBC/DMN on 10/14/21


The current inflation crisis in the United States is caused by the corrupt and criminal U.S. Government printing an infinite supply of conterfeit money and giving it to the U.S. upper class! The stupid, incompetent, corrupt, and criminal U.S. Government has already printed $157.8 Trillion of counterfeit money by “cooking the books” and given it to the U.S. upper class!


Stupid

having or showing a great lack of intelligence or common sense.


Stupid is a harsh and critical word but the corrupt U.S. Government is stupidly causing Planet Earth to do and experience some really stupid even disastrous things! As an example, it is stupid and criminal for the corrupt U.S. Government to promise future benefits to the U.S. general public and not accrue the money to pay for these future benefits! As another example, it is stupid and criminal for the corrupt U.S. Government to burn up Planet Earth!


The stupid, incompetent, corrupt, and criminal U.S. Government is borrowing an infinite amount of counterfeit money from the future Americans at an exponentially increasing rate and giving it to the U.S. upper class which is the reason the price of essentially everything is going up. 


The U.S. upper class does not mind this corrupt U.S. Government induced inflation too much because the corrupt U.S. Government is giving this counterfeit money, currently $157.8 Trillion, to the U.S. upper class by undertaxing them!


The U.S. general public is getting killed by this corrupt U.S. Government induced inflation because their wages are not keeping pace with the rate that the corrupt U.S. Government is printing counterfeit money and giving it to the U.S. upper class!


The corrupt U.S. Government is “cooking the books” by promising future benefits to the U.S. general public but is not taxing the U.S. upper class to pay for these future benefits!


The corrupt U.S. Government has enriched the U.S. upper class by undertaxing them by $157.8 Trillion (US Unfunded Liabilities (GAAP)) by not accruing for future benefits!


The corrupt U.S. Government has cheated the U.S. general public by $128.9 Trillion (US Unfunded Future Liabilities) by not accruing for future benefits!


The U.S. general public is getting cheated twice by this U.S. Government accounting fraud 1) their future benefits have not been funded and 2) what money they do have is worth less because the price of things tends to set by what the fraudulently filthy rich U.S. upper class can pay!


The stupid, incompetent, corrupt, and criminal U.S. Government is causing inflation by cheating the U.S. general public so it can enrich the U.S. upper class!


This is stupidity! This is stupidity on steroids! This is criminal!


I am a whistleblower! The U.S. Government is corrupt! The corrupt U.S. Government is “cooking the books”!


The corrupt U.S. Government is committing a fiscal and accounting fraud, I call it USAPonzi, by not operating its fiscal policy with proper accrual accounting! The corrupt U.S. Government has fraudulently borrowed $157.8 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class by undertaxing them so the current Americans can buy a whole-hell-of-a-lot of stuff with monopoly money!


The corrupt U.S. Government is not operating its fiscal policy with proper accrual accounting (GAAP Accounting) and as a result is running a classic Ponzi scheme, I call it USAPonzi, that is in the process of printing an infinite amount of counterfeit money, I call it imaginary-counterfeit money, by fraudulently borrowing it from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!


This fraud was started in 1969 when a scoundrel, Lyndon Baines Johnson, proposed and the corrupt U.S. Congress approved the Unified Budget but did not switch from Cash Accounting to GAAP Accounting that would properly accrue the money to pay future U.S. Government benefits to the U.S. general public!


The following chart shows how the corrupt U.S. Government started fraudulently borrowing imaginary-counterfeit money from the future Americans in 1969 and, so far, has fraudulently borrowed $157.8 Trillion and given it to the U.S. upper class!


This chart also gives a graphical projection of how the corrupt U.S. Government, with the current Ponzi scheme fiscal policy, could fraudulently borrow over a Quadrillion dollars (a thousand Trillion dollars) of imaginary-counterfeit money from the future Americans by 2041 and give it to the U.S. upper class so the entire planet can buy a whole-hell-of-a-lot more stuff with a Quadrillion dollars of imaginary-counterfeit money!






My 16th whistleblower letter to my congressman Van Taylor 211012 explains the epic financial, economic, physical, and humanitarian disaster that is just ahead for Planet Earth because of the corruption within the U.S. Government!


The fools on Wall Street and the fools in Goldman Sachs have been fooled by the criminals in Washington! In the defense of Wall Street and Goldman, the corrupt U.S. Government may have fooled itself! We do not yet know if the people in the U.S. Government are accidental fools or intentional criminals! I suggest that we have some of each but they are all criminals whether they know it or not!

 

US National Debt  $28.9 Trillion 
Cash Deficit in FY2022  $3.00 Trillion 
GAAP Deficit in FY2022 
$7.30 Trillion 
US Unfunded Future Liabilities  $128.9 Trillion 
US Unfunded Liabilities (GAAP)  $157.8 Trillion 
Imaginary-Counterfeit Money 
$157.8 Trillion 
US Total National Assets 

$199.6 Trillion 

Source: www.usdebtclock.org October 14, 2021


I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain USAPonzi and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can be downloaded from my websites in pdf format.


My commentary Fed-Asleep At The Switch 210901 gives a summary of the issues that this Ponzi scheme/accounting fraud is causing!


John W. White

Plano, TX