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

Noah's Flood Imitated by US Government Fraud 190102
January 2, 2019
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, and Dallas Mayor Mike Rawlings 1/2/19


The Book of Genesis tells the story of Noah's flood and how Noah was informed by God that he must build an ark to preserve all of the species on earth from a coming flood!


In a similar manner, the U.S. Government is flooding Planet Earth with counterfeit money by fraudulently borrowing it from the future Americans and giving it to the U.S. upper class! The U.S. Government is not using proper GAAP Accounting (Generally Accepted Accounting Principles) and is therefore not properly accruing for future U.S. Government benefit promises!


Noah's Flood flooded Planet Earth with water!


U.S. Government's Fraud is flooding Planet Earth with counterfeit money and environment-polluting physical objects!


The U.S. Government is running a classic Ponzi scheme fiscal policy, I call it USAPonzi, that is in the process of borrowing an infinite amount of money, I call it imaginary-counterfeit money, from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class!


This Ponzi scheme is in the process of printing an endless supply (infinite amount) of imaginary-counterfeit money that has already fraudulently borrowed $121.9 Trillion from the future Americans and given it to the U.S. upper class by undertaxing them! This Ponzi scheme is creating an endless and exponentially-increasing supply of imaginary-counterfeit money because the U.S. Government must pay imaginary compounding interest on this imaginary supply of
fraudulently borrowed imaginary-counterfeit money!


The future Americans have a whole hell of a lot of imaginary-counterfeit money; after all it is imaginary! The U.S. Government likes to pretend like (imagine) that the future Americans will find an infinite pot of gold sometime in the future to pay the deferred public liabilities (US Unfunded Liabilities (GAAP)) that currently stand at $121.9 Trillion!


The U.S. Government is imitating Noah's Flood by printing an infinite amount of imaginary-counterfeit money that the planet is using to buy, build, rent, and operate an infinite number of environment-polluting physical objects because the U.S. Government is committing fiscal and accounting fraud by not using proper GAAP Accounting!


This is a $121.9 Trillion fraud because the future Americans do not have $121.9 Trillion!


This accounting fraud is in the process of filling Planet Earth with an endless number of environment-polluting physical objects that will not be productively used when this accounting fraud is properly acknowledged!


My Open Letter to Planet Earth explains in more detail how the U.S. Government is flooding the pockets of the U.S. upper class with an infinite amount of imaginary-counterfeit money that is in turn flooding Planet Earth with an infinite number of useless environment-polluting physical objects!


The U.S. Government is running a classic Ponzi scheme that is printing an unending and ever-increasing (infinite) supply of imaginary-counterfeit money that is buying and building an infinite number of environment-polluting physical objects which is causing Global Warming that is Destroying Planet Earth!


The U.S. Government is imitating Noah's Flood by flooding Planet Earth with an unending and ever-increasing number of environment-polluting physical objects! According to the Book of Genesis, God did promise that he would never again flood the earth with water!


But USAPonzi has produced a man-made flood of environment-polluting physical objects by fraudulently borrowing an endless supply of imaginary-counterfeit money from the future Americans and giving it to the U.S. upper class!


Unfortunately, I do not know how we can build an ark to save Planet Earth from this rising flood of environment-polluting physical objects!


But, by the U.S. Government adopting GAAP Accounting and balancing its GAAP basis budget, we can stop building more useless environment-polluting physical objects and focus our efforts on building useful, affordable, and honestly productive physical assets!

 

National Debt   $21.9 Trillion  
Cash Deficit in FY2019  
$0.85 Trillion  
GAAP Deficit in FY2019  
$6.08 Trillion  
US Unfunded Future Liabilities   $100.0 Trillion  
US Unfunded Liabilities (GAAP)   $121.9 Trillion  
Imaginary-Counterfeit Money   $121.9 Trillion  
Total National Assets   $149.3 Trillion  

Source: www.usdebtclock.org Jan 2, 2019


This fraud/Ponzi scheme (USAPonzi) is explained in much more detail on my websites www.usaponzi.net and www.usaponzi.com and in my books USAPonzi, USAPonzi2, USAPonzi3, and my latest USAPonziA.


This is the biggest ($121.9 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