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

News Media aiding and abetting U.S. Government Fraud
January 1, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 1/2/18


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 the “news media” is aiding and abetting the corrupt and criminal U.S. Government by failing to expose a $111.5 Trillion fraud! The U.S. Government has fraudulently borrowed $111.5 Trillion from the future Americans and given it to the U.S. upper class! The U.S. Government is not operating with proper GAAP Accounting!


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”!


At some point, when the “news media” fails to follow its ethical responsibility to inform the general public of this U.S. Government fraud, ethical responsibility failure transitions to a criminal act by the “news media” for aiding and abetting the corrupt and criminal U.S. Government!


News Media aiding and abetting U.S. Government Fraud

January 1, 2018


The “news media” is aiding and abetting the corrupt and criminal U.S. Government by failing to expose the now $111.5 Trillion fiscal and accounting fraud that the U.S. Government has been perpetrating since FY1969! The U.S. Government is not operating with proper GAAP Accounting! I call this fiscal and accounting fraud; USAPonzi!


The U.S. Government has fraudulently borrowed $111.5 Trillion from the future Americans and given it to the U.S. upper class!


The corrupt and criminal U.S. Government is fraudulently transferring infinite wealth to the U.S. upper class by borrowing money from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class! The U.S. upper class is getting counterfeit money stuffed into their pockets by U.S. Government fiscal and accounting fraud!


The U.S. Government is not using proper GAAP Accounting and as a result is borrowing money, $111.5 Trillion (US Unfunded Liabilities (GAAP)) so far, from the future Americans and giving it to the U.S. upper class! This enriches the U.S. upper class so the U.S. ruling class can borrow money, $20.6 Trillion (National Debt) so far, from the now fraudulently enriched upper class to enrich the U.S. ruling class!


The corrupt and criminal U.S. Government has fraudulently borrowed $111.5 Trillion from the future Americans and given it to the U.S. upper class! GAAP basis deficit spending prints what I call imaginary-counterfeit money by undertaxing the U.S. upper class. The corrupt and criminal U.S. Government has given the U.S. upper class $111.5 Trillion of imaginary-counterfeit money by deferring $111.5 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans!


The corrupt and criminal U.S. Government is committing a fiscal and accounting fraud that, if continued, will give the U.S. upper class an infinite amount of imaginary-counterfeit money!


The corrupt and criminal U.S. Government is operating a classic Ponzi scheme fiscal policy that will give the U.S. upper class infinite imaginary-counterfeit wealth!


Let me say that again, the corrupt and criminal U.S. Government is in the process of fraudulently borrowing an infinite amount of monopoly money from the future Americans and giving it to the U.S. upper class!


The corrupt and criminal U.S. Government is running a continuously operating digital printing press that is printing imaginary-counterfeit money and giving it the U.S. upper class! This digital printing press is printing $16.4 Billion of imaginary-counterfeit money every day with GAAP basis deficit spending and giving it to the U.S. upper class (GAAP Deficit in FY2018 = $5.98T/365 = $16.4B)!


This fraud is causing bubbles in all asset classes; gold, oil, housing, restaurants, banks, automobiles, airplanes, football pay, executive pay, healthcare, stock market, real estate, Bitcoin etc., etc.!


The stock market is fraudulently going to infinity!


The stock market will go up exponentially forever because of this U.S. Government fiscal and accounting fraud! This accounting fraud is borrowing an infinite amount of money from the future Americans and giving it to the U.S. upper class! Infinite money means infinite buying power means infinite business revenues means infinite business profits means infinite stock valuations means infinite stock market averages! U.S. Government fiscal and accounting fraud is causing the stock market to go to infinity!


The corrupt and criminal U.S. Government is committing fiscal and accounting fraud to print an infinite amount of monopoly money and give it to the U.S. upper class!


The corrupt and criminal U.S. Government is committing fiscal and accounting fraud to print an infinite amount of monopoly money and give it to the U.S. upper class!


The corrupt and criminal U.S. Government is committing fiscal and accounting fraud to print an infinite amount of monopoly money and give it to the U.S. upper class!


The corrupt and criminal U.S. Government has already borrowed $111.5 Trillion of imaginary-counterfeit money from the future Americans and given it to the U.S. upper class and is borrowing $16.4 Billion more imaginary-counterfeit money every day from the future Americans and giving it to the U.S. upper class!


By not using GAAP Accounting, the U.S. Government is underfunding the benefit promises to the U.S. general public, $90.9 Trillion (US Unfunded Future Liabilities) so far, which is cheating the U.S. general public!


By borrowing $111.5 Trillion of fake money from the future Americans, money the future Americans do not have, Americans are buying things with counterfeit money which is colossally cheating the rest of the planet. Americans are buying goods and services with $111.5 Trillion of monopoly money that the corrupt and criminal U.S. Government has fraudulently borrowed from the future Americans! The corrupt and criminal U.S. Government is cheating the rest of the planet by cleverly printing imaginary-counterfeit money that Americans can use to buy stuff from the rest of the planet. This is precisely why we have a trade imbalance; we sell stuff to get real money and we buy stuff with imaginary-counterfeit money!


Americans will have an infinite supply of imaginary-counterfeit money so that they can buy an infinite amount of whatever they may want! Is it any wonder that the global economy appears to be in a synchronized economic expansion. The U.S. Government is producing an infinite supply of monopoly money out of “thin air” so that Americans can buy an infinite amount of stuff! This is why Amazon is doing a land-office business; Americans can go to their computers and phones to buy whatever their hearts desire with this exponentially increasing supply of monopoly money and have the goods delivered to their doorstep the next day!


Jeff Bezos, CEO of Amazon, is an imaginary centibillionaire!


Amazon is a counterfeit company built on the counterfeit money that the U.S. Government is printing by using fraudulent accounting! Amazon could well go out of business when the U.S. Government starts using honest accounting! Jeff Bezos is an imaginary centibillionaire (net worth of $100 Billion of imaginary-counterfeit money) simply because the corrupt and criminal U.S. Government is running a $111.5 Trillion Ponzi scheme!


$111.5 Trillion of imaginary-counterfeit money can buy a lot of stuff from Amazon. The internet just makes it very convenient for Americans to spend this infinite stream of imaginary-counterfeit money!


The corrupt and criminal U.S. Government has been committing a fiscal and accounting fraud for more than 48 years that is colossally enriching the upper class, dramatically enriching the ruling class, colossally cheating the general public, and colossally cheating the rest of the planet!


I have sent 13 whistleblower letters to the U.S. Securities and Exchange Commission in an attempt to expose this now $111.5 Trillion fraud! I got one response from the Office of the Inspector General of the U.S. SEC stating that the U.S. SEC does not have jurisdiction over the U.S. Government. I contend that the U.S. SEC should have jurisdiction over the U.S. Government if it is going to protect the investing public from securities fraud! No point in investigating million and billion dollar frauds when you can ignore a $111.5 Trillion fraud! No point in prosecuting petty crimes and major criminals when the biggest criminal on the planet can get away with operating a $111.5 Trillion Ponzi scheme/fraud!


I have sent a formal whistleblower letter to each of the 540 members of the U.S. Congress in an attempt to expose this now $111.5 Trillion fraud! I got only one response, Randy Neugebauer (R) Lubbock, TX, and he acknowledged that this is a serious problem!


I have sent 7 whistleblower letters to the U.S. Supreme Court in an attempt to expose this now $111.5 Trillion fraud! I have sent 7 letters to the U.S. Supreme Court because this fraud is causing dramatic economic inequity between the haves and the have-nots within America and between America and the rest of the planet! This fraud is favoring the elite and oppressing the rest! This fraud is favoring America over the rest of the planet!


Simply stated, this fraud has given the U.S. upper class $111.5 Trillion, has underfunded the benefit promises to the general public by $90.9 Trillion, has overpaid the U.S. ruling class by $20.6 Trillion, and has given the current Americans $111.5 Trillion of monopoly money to buy stuff we cannot afford from the rest of the planet! We are filling the planet with junk purchased with monopoly money that the corrupt and criminal U.S. Government has fraudulently borrowed from the future Americans!


I have sent many, many Op-Ed candidates to “The Wall Street Journal”, “The New York Times”, and  “The Dallas Morning News” in an attempt to expose this now $111.5 Trillion fraud! Not one of them has been published! As far as I can tell, none of these Op-Ed candidates has prompted an investigative reporter to seriously pursue this story and expose this now $111.5 Trillion fraud!


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


Apparently, the “news media” does not want to report the truth when the truth hurts!


As soon as this fraud is fully exposed, essentially all current economic activity in the developed world will come to a full stop! We will have to reset and re-start the global economy using honest accounting!


As soon as this fraud is fully exposed, 80-90% of the apparent wealth in the developed world will evaporate!


As soon as this fraud is fully exposed, the wealth and income gap between the upper class and the common man will be dramatically closed! This fraud is dramatically enriching ($111.5 Trillion) the upper class!


As soon as this fraud is fully exposed, the senior officials of the U.S. Government should be subjected to the same criminal judgment as was Bernie Madoff! This fraud, I call it USAPonzi, is essentially the same as Madoff Ponzi only 2,000 times larger! Madoff Ponzi was nominally a $50 Billion fraud! USAPonzi is nominally a $100 Trillion fraud!


The senior officials of the U.S. Government are committing a $111.5 Trillion criminal act by perpetrating a fiscal and accounting fraud by not operating with GAAP Accounting!


The “news media” is aiding and abetting the corrupt and criminal U.S. Government in perpetrating this fraud by failing to expose it!


National Debt  $20.6 Trillion 
Cash Deficit in FY2016  $0.66 Trillion 
GAAP Deficit in FY2016  $5.98 Trillion 
US Unfunded Future Liabilities  $90.9 Trillion 
US Unfunded Liabilities (GAAP)  $111.5 Trillion 
Imaginary-Counterfeit Money  $111.5 Trillion 
Total National Assets  $134.2 Trillion 

www.usdebtclock.org January 1, 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) 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 ($111.5 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