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

                    Copyright Declaration                                                                                                                                       John W. White    March 29, 2013

Mt Everest Traffic Jam 190530
May 30, 2019
Emailed to WSJ/NYT/WP/DMN, the US SEC, Fed Chairman Jay Powell, Minneapolis Fed President Neel Kashkari, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, and Dallas Mayor Mike Rawlings 5/30/19

I contend that the traffic jam at the peak of Mt Everest has been caused by corruption within the U.S. Government!

Colorado Attorney Becomes The 11th Person To Die On Mt. Everest In 10 Days
May 27, 2019

Going to Everest can be more expensive than buying a new car. Climbers can pay anything from $35,000 to more than $100,000. The cost includes $11,000 for the climbing permit from the government of Nepal or Tibet, bottled oxygen and high-altitude gear that includes tents, sleeping bags and boots.

The U.S. Government is printing a lot of counterfeit money, I call it imaginary-counterfeit money, so a lot of people can appear to afford to climb Mt. Everest.

The U.S. Government prints imaginary-counterfeit money with GAAP basis deficit spending which is estimated to be $6.12 Trillion in FY2019 or $6.12T/365 days = $16.8B/day!

The U.S. Government prints enough imaginary-counterfeit money every day to buy 168,000  $100,000 luxury cars or 168,000 luxury climbs of Mt. Everest ($16.8B/$100,000 = 168,000/day)!

The global upper class has already been fraudulently given $124,200,000,000,000 by borrowing it from the future Americans so the global upper class has enough counterfeit money to buy 1,242,000,000 $100,000 luxury cars! But even the super rich do not need 1.242 billion luxury cars so they might as well climb Mt. Everest rather than buy one more luxury car!

I realize that this sounds preposterous but the corrupt U.S. Government has caused this traffic jam at the top of Mt. Everest by fraudulently creating millions of fake-wealthy people by printing $124.2 Trillion of imaginary-counterfeit money!

The U.S. Government is committing fiscal and accounting fraud by not operating its fiscal policy with Generally Accepted Accounting Principles (GAAP Accounting)! This has produced a Ponzi scheme that is printing imaginary-counterfeit money by borrowing money from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!

This Ponzi scheme, that I call USAPonzi, has made it possible for a lot of people to live opulent and super-opulent life styles and some of them (381 permits this year) are prepared to spend some of their imaginary-counterfeit wealth climbing Mt. Everest!

This Ponzi scheme is in the process of printing an infinite amount of imaginary-counterfeit money so, in theory, we could have an infinite number of people trying to go to the top of Mt. Everest every day of the year if the weather would permit it!

The global upper class is not earning their wealth, it is being fraudulently handed to them by the corrupt U.S. Government committing a fiscal and accounting fraud that is fraudulently borrowing money from the future Americans and giving it to the U.S. upper class! This fraud is creating massive imaginary-counterfeit wealth all over the planet!

The U.S. Government is printing $16.8 Billion of imaginary-counterfeit money every day by borrowing it from the future Americans so more and more people will have the imaginary-counterfeit money to plan a climb to the peak of Mt. Everest.

There would not be a traffic jam at the top of Mt. Everest if the U.S. Government was telling the financial truth!

This fraud is also Burning up Planet Earth with Global Warming because we are in the process of buying and building an infinite number of environment-polluting physical objects with this infinite supply of imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans!

National Debt  $22.3 Trillion 
Cash Deficit in FY2019  $0.98 Trillion 
GAAP Deficit in FY2019  $6.12 Trillion 
US Unfunded Future Liabilities  $101.9 Trillion 
US Unfunded Liabilities (GAAP)  $124.2 Trillion 
Imaginary-Counterfeit Money  $124.2 Trillion 
Total National Assets  $135.7 Trillion 

Source: May 30, 2019

This accounting fraud/Ponzi scheme can only be equitably eliminated by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government!
GAAP Accounting, properly applied, would not allow the U.S. Government to borrow more money from the future Americans than the future Americans can be reasonably expected to pay.

By operating with fraudulent accounting, the U.S. Government has fraudulently borrowed $124.2 Trillion of imaginary-counterfeit money from the future Americans, which obviously can never be paid, and given it to the U.S. upper class by undertaxing them!

You can learn more about this fraud/Ponzi scheme by reading my websites and or better yet by reading my fifth book on USAPonzi “USAPonziB” which is available on Amazon and on my websites in Kindle and PDF formats.

This is the biggest ($124.2 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