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

Oil Price at $75 per Barrel by Fraud 180705
July 5, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 7/5/18


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 why “Oil is now $75 per Barrel! Oil prices are steadily increasing because the U.S. Government is committing fiscal and accounting fraud!


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 “colossally feather the nests of their upper-class friends”! The U.S. Government is not using proper accrual accounting!


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


Oil Price at $75 per Barrel by Fraud 180705

July 5, 2018


President Trump pressures OPEC to take action as oil prices keep rising
July 5, 2018


President Donald Trump reiterated his call for the cartel that exerts significant influence over oil prices to take action to halt the commodity's upward climb.


It worked for a moment, as oil prices temporarily dipped early Thursday.


But the commodity quickly regained ground and was up 0.2% to $74.2 per barrel at 8:11 a.m.


Oil's uptick in recent weeks has brought the commodity to levels not seen since it started a rapid descent in November 2014 that culminated in a brief trip below $30 per barrel in February 2016.


What Donald Trump apparently does not understand is that Oil prices are going up because the U.S. Government is corrupt! Oil prices are going up because the U.S. Government is printing counterfeit money! The corrupt and criminal U.S. Government has, as of July 5, 2018, printed $113.8 Trillion of counterfeit money and is printing $16.5 Billion more counterfeit money every day!


Americans are buying oil with counterfeit money that has been fraudulently borrowed from the future Americans!


The corrupt U.S. Government has created an unprecedented demand for oil by fraudulently borrowing $113.8 Trillion of counterfeit money from the future Americans!


The U.S. Government is not operating its fiscal policy with proper GAAP Accounting!


The U.S. Government is not properly accruing for future U.S. Government benefits to the U.S. general public!


Because of this fiscal and accounting fraud, the U.S. Government is borrowing monopoly money from the future Americans and giving it to the U.S. upper class!


The U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, by borrowing counterfeit money from the future Americans, money that the future Americans do not have, and giving it to the current Americans!


Oil prices are going up all over the planet because the U.S. Government is printing counterfeit money!


This accounting fraud is printing monopoly money, I call it imaginary-counterfeit money, with GAAP basis deficit spending!


Americans are buying oil and all kinds of other stuff with monopoly money that the U.S. Government is fraudulently printing by committing fiscal and accounting fraud!


Oil prices and all other prices will continue to inflate as long as the U.S. Government continues to fraudulently print imaginary-counterfeit money!


Americans can buy a lot of oil at very high prices with $113.8 Trillion of monopoly money!


The corrupt and criminal U.S. Government has created $113.8 Trillion of imaginary-counterfeit wealth for the U.S. upper class by “Cooking the Books”!


The U.S. Government is corrupt!


The senior officials of the U.S. Government are common criminals that have committed a $113.8 Trillion criminal act by not using proper accrual accounting! The senior officials of the U.S. Government are common criminals because they are direct financial beneficiaries of this massive fraud!


We have 535 criminals in the U.S. Congress and an untold number of criminals in the White House!


This fraud is explained in more detail in my Open Letter to Planet Earth and my Open Letter to US General Public!


To eliminate this massive fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget. GAAP Accounting (Generally Accepted Accounting Principles) is the commonly used name in America for the accounting guidelines for accrual accounting.

 

National Debt   $21.2 Trillion  
Cash Deficit in FY2018   $0.78 Trillion  
GAAP Deficit in FY2018   $6.03 Trillion  
US Unfunded Future Liabilities   $92.6 Trillion  
US Unfunded Liabilities (GAAP)   $113.8 Trillion  
Imaginary-Counterfeit Money   $113.8 Trillion  
Total National Assets   $137.4 Trillion  

Source: www.usdebtclock.org Jul 5, 2018


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”, and “USAPonzi3”!


This is the biggest ($113.8 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