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

LeBron Endorses Hillary: "High Stakes Pay to Play"!
October 4, 2016


LeBron James has just announced that he is endorsing Hillary Clinton for President of the United States of America. This is what I call "High Stakes Pay to Play". LeBron has a lot at stake to be sure that the U.S. Government continues to operate "The Biggest Ponzi Scheme on the Planet". He would be playing basketball for $Thousands (at most) rather than $Millions without the U.S. Government fraud and corruption of USAPonzi (See Why Pro Athletes Make $Millions).


I guess LeBron feels like Hillary Clinton is the most likely candidate to continue the fraud and corruption within the U.S. Government that has created $103.7 Trillion of imaginary-counterfeit money by using fraudulent accounting. By "Cooking the Books", the U.S. Government has been able to borrow $103.7 Trillion (US Unfunded Liabilities (GAAP)) from future Americans to improve the lifestyle of current Americans and LeBron James is one of the very, very fortunate beneficiaries of this U.S. Government fraud and corruption. LeBron James is getting very, very rich with imaginary but counterfeit money that is being fraudulently borrowed from future Americans.


I guess LeBron feels that Hillary Clinton is the most likely political criminal to continue to operate this massive fraud that I call USAPonzi. Both Hillary and Donald have gotten faux rich from this fraud but Hillary does have a better track record than Donald as a politician that would likely continue to operate this fraud. Bill Clinton presided over this fraud and corruption for eight years and this fraud has now made Bill and Hillary faux wealthy (See The Clinton Fraud) so why wouldn't Hillary be motivated to continue to operate "The Ultimate Government Fraud"?


As I say, LeBron James has a lot at stake in this election! If this fraud and corruption were to be exposed by an "honest politician", most of his wealth and income would evaporate overnight. LeBron has gotten his wealth and income because the U.S. Government has fraudulently borrowed/stolen $103.7 Trillion of imaginary-counterfeit money from the future Americans when the future Americans do not have $103.7 Trillion. LeBron James simply cannot afford to have an "honest politician" elected as President of the United States of America, as if we had such a thing as an "honest politician".


But none of us really wants an "honest politician" because Americans do a lot better when the U.S. Government lies and cheats as it is doing today. We can buy a lot of stuff that we cannot afford by using the $103.7 Trillion of imaginary-counterfeit money that the U.S. Government has fraudulently borrowed/stolen from the future Americans (See Filling the Planet with Junk).


With the current Ponzi scheme fiscal policy, the U.S. Government will create an infinite amount of imaginary-counterfeit money out of "Thin Air" and LeBron James is getting a huge cut of this fraud. According to a Forbes Magazine estimate, LeBron James has, as of 2016, earned $450 Million. But the future Americans have an infinite amount of imaginary-counterfeit money (imaginary money is easy to produce since it is created digitally) so this fraud and corruption can continue for a very long time (See The Theory of Imaginary Money).


If LeBron can just continue to play basketball and accept endorsement money and if the U.S. Government will just continue its massive con game, LeBron will become very, very rich with the imaginary-counterfeit money produced by this U.S. Government fraud. As if, $450 Million is not enough already. According to one estimate I read, LeBron will make $1 Billion from his Nike contract alone. $103.7 Trillion of imaginary-counterfeit money, fraudulently borrowed from the future Americans, can make a lot of folks really, really rich. Nike can afford to pay these outrageous endorsements to star athletes because Americans have $103.7 Trillion of imaginary-counterfeit money, fraudulently borrowed from the future Americans, that they can use to buy Nike products.


And the U.S. Government produces more imaginary-counterfeit money every day; $15.6 Billion every day with GAAP basis deficit spending (GAAP Deficit in FY2017 of $5.70T/365 = $15.6B).

 

National Debt  $19.5 Trillion 
Cash Deficit in FY2017  $0.59 Trillion 
GAAP Deficit in FY2017  $5.70 Trillion 
Unfunded Future Liabilities  $84.2 Trillion 
US Unfunded Liabilities (GAAP)  $103.7 Trillion 
Imaginary-Counterfeit Money  $103.7 Trillion 
Total National Assets  $123.6 Trillion 

    Source: www.usdebtclock.org Oct 4, 2016


The U.S. Government is simply and fraudulently creating imaginary-counterfeit private wealth by assuming unpayable public liabilities. The U.S. Government has undertaxed the U.S. upper class by $103.7 Trillion to make them very, very faux wealthy so that they can in turn pay LeBron James millions of dollars to play basketball and earn endorsement money.


Let me say that one more time; the U.S. Government has borrowed $103.7 Trillion of imaginary-counterfeit money from the future Americans and given most of it to the current U.S. upper class Americans by undertaxing them. This imaginary-counterfeit money will evaporate into the "Thin Air" from whence it came when USAPonzi implodes (See The Implosion of USAPonzi).


This fraud and corruption can only be eliminated by the U.S. Government adopting GAAP Accounting and committing to a balanced GAAP basis budget.


This fraud and corruption within the U.S. Government is explained in much more detail on my website www.usaponzi.com and in my book "USAPonzi" that is available on Amazon in Kindle and paperback formats.


The size of this U.S. Government fraud is easily determined; it is the amount of imaginary-counterfeit money that the U.S. Government has borrowed/stolen from the future Americans which is reported on www.usdebtclock.org as US Unfunded Liabilities (GAAP).


USAPonzi is a $103.7 Trillion fraud; "The Biggest Ponzi Scheme on the Planet"!