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

Open Letter to Planet Earth 2/6/18
February 6, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 2/6/18


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post”, and “The Dallas Morning News” that is an open letter to the citizens of planet Earth that explains how the current stock market selloff could be the start of the Implosion of USAPonzi, the Ponzi scheme that the U.S. Government has been running since FY1969!.


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”!


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


Open Letter to Planet Earth 2/6/18

February 6, 2018


The current stock market selloff that began on Friday Feb 2, 2018 could be the beginning of the Implosion of the U.S. Government Ponzi scheme that I call USAPonzi. We could see as much as $111.9 Trillion of imaginary-counterfeit money evaporate when this Ponzi scheme implodes. That would indicate that the stock market could go down by as much as 85% (See The Implosion of USAPonzi)!


Authors Note: The DJIA was down 666 points (2.5%) on Friday Feb 2, 2018 and down 1175 points (4.6%) on Monday Feb 5, 2018.


The Government of the United States of America is using fiscal and accounting fraud to gain financial, economic, political, and military advantage over the rest of the planet and to gain financial and economic advantage for the elite in America and around the planet!


Since fiscal year 1969, the U.S. Government has been operating with Cash Accounting rather than proper and Generally Accepted Accounting Principles (GAAP Accounting). This accounting fraud has allowed the U.S. Government to stealthily and fraudulently borrow $111.9 Trillion from the future Americans and give it to the current Americans, primarily the U.S. upper class. This fiscal and accounting fraud has produced a classic Ponzi scheme that I have named USAPonzi.


This fraud is enriching the U.S. upper class by undertaxing them by $111.9 Trillion! This fraud is cheating the U.S. general public because the U.S. Government has underfunded by $91.3 Trillion the future benefit promises that the U.S. Government has made to the U.S. general public! This fraud is cheating the rest of the planet because the U.S. Government has borrowed $111.9 Trillion (unfunded future benefits ($91.3T) + national debt ($20.6T)) of monopoly money from the future Americans that the current Americans have used to buy goods and services from the rest of the planet!


This fraud has produced $111.9 Trillion of monopoly money that the U.S. Government has used to deploy the most powerful military capability ever assembled.


To eliminate this fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.


This fraud/Ponzi scheme (USAPonzi) is explained on my website www.usaponzi.net and in my book "USAPonzi3"!


This is the biggest ($111.9 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.


Note: Financial data sourced from www.usdebtclock.org on February 6, 2018.


John W. White

Plano, TX