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 3/13/18
March 13, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 3/13/18


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 U.S. Government is using fiscal and accounting fraud to dramatically enrich the U.S. ruling class, to colossally enrich the U.S. upper class, to colossally cheat the U.S. general public, and to colossally cheat the rest of the planet! The U.S. Government is operating its fiscal policy with Cash Accounting rather than the proper GAAP Accounting! The U.S. Government is running a $112.4 Trillion Ponzi scheme!


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 3/13/18
March 13, 2018


The corrupt and criminal U.S. Government is enriching the elite and cheating the rest!


This is an open letter to Planet Earth to inform you that the corrupt and criminal U.S. Government is cheating you by fraudulently borrowing money, $112.4 Trillion so far, from the future Americans and giving it to the U.S. upper class! The U.S. Government is borrowing $16.4 Billion more money from the future Americans every day and giving it to the U.S upper class! The U.S. Government is not using proper GAAP Accounting in order to effect this fraudulent transfer of money to the U.S. upper class! This fraud, when it is exposed, will create a massive discontinuity in the global financial system and the global economy!


The corrupt and criminal U.S. Government is borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class! This is a $112.4 Trillion fiscal and accounting fraud!


Planet Earth is headed toward what will seem like financial and economic apocalypse because the corrupt and criminal U.S. Government has digitally printed and released $112.4 Trillion of imaginary-counterfeit money into the global financial system!


The U.S. Government is using fiscal and accounting fraud to dramatically enrich the U.S. ruling class, to colossally enrich the U.S. upper class, to colossally cheat the U.S. general public, and to colossally cheat the rest of the planet! The U.S. Government is committing fiscal and accounting fraud by operating with Cash Accounting rather than the proper GAAP Accounting!


The U.S. Government is running a massive ($112.4 Trillion) Ponzi scheme that I have named USAPonzi! The U.S. Government is borrowing imaginary-counterfeit money from the future Americans, money that the future Americans do not have, and giving it to the current Americans! This imaginary-counterfeit money will evaporate when USAPonzi Implodes!


The U.S. Government is not using proper accrual accounting and as a result is not taxing the U.S. upper class to pay for the U.S. Government benefit promises that it has made to the U.S. general public. The U.S. upper class gets rich because they have been undertaxed and the U.S. general public gets screwed because the U.S. Government has promised them future U.S. Government benefits but has not properly funded these promises!


The U.S. Government is committing fiscal and accounting fraud to enrich themselves and their upper-class friends!
The U.S. upper class gets rich and the U.S. general public gets screwed because the U.S. Government is not properly accruing for future U.S. Government benefit promises!


The U.S. Government is corrupt!


The U.S. Government is committing fiscal and accounting fraud!


The U.S. Government is not using GAAP Accounting (accrual accounting)!


The U.S. Government is running a $112.4 Trillion Ponzi scheme that I have named USAPonzi!


The U.S. Government is borrowing money, $112.4 Trillion so far, from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class!


The senior officials of the U.S. Government are common criminals that have committed a $112.4 Trillion criminal act!


The U.S. Government has given the U.S. upper class $112.4 Trillion (US Unfunded Liabilities (GAAP)) by fraudulently undertaxing them!


The U.S. Government has overpaid the U.S. ruling class by $21.0 Trillion (National Debt) by borrowing this money from the now fraudulently enriched upper class!


The U.S. Government is cheating the U.S general public because it has promised the U.S. general public $91.4 Trillion (US Unfunded Future Liabilities) of future U.S. Government benefits that it has not funded!


The U.S. Government is cheating the rest of the planet because it has given the current Americans $112.4 Trillion of imaginary-counterfeit money by undertaxing them so that the current Americans can buy stuff from the rest of the planet without having to pay for it!


The corrupt and criminal U.S. Government is borrowing money, $112.4 Trillion so far, from the future Americans, money that the future Americans do not have, and is giving it to the U.S. upper class! GAAP basis deficit spending digitally prints imaginary-counterfeit money at the rate of $16.4 Billion a day and gives it to the U.S. upper class (GAAP Deficit in FY2018 = $5.99T/365 = $16.4B/day)!


The U.S. ruling class and the U.S. upper class are living the “Life of Riley” on the imaginary-counterfeit money that the U.S. Government is creating, at an exponentially increasing pace, out of “thin air” with GAAP basis deficit spending while the U.S. general public is struggling to make a living in a Ponzi scheme economy with a relatively fixed hourly/weekly/monthly wage of real money earned by the “sweat of the brow”!


Because of the way this fraud works, the U.S. upper class just gets richer and richer at an exponentially increasing pace which causes the cost of living to go up exponentially while the U.S. general public wages are not increasing at a rate that can keep pace with the fraudulent wealth and income creation for the U.S. upper class.


This fraud has created two kinds of money; real money for the common man and imaginary-counterfeit money for the elite!


This fraud, if it is allowed to continue, will produce infinite wealth and income for the U.S. upper class! This is why the U.S. upper class is gaining such massive wealth! This is why we have so many millionaires and billionaires! This is why the Stock Market continually sets new record highs!


The corrupt and criminal U.S. Government just borrows more and more money from the future Americans and gives it to the U.S. upper class! The future Americans have an infinite supply of imaginary-counterfeit money so the U.S. Government can create an infinite amount of imaginary-counterfeit wealth for the U.S. upper class!


The corrupt and criminal U.S. Government is making financial promises that it cannot keep, but in the meantime, until USAPonzi implodes, the U.S. upper class is “living high on the hog”! Big houses, big cars, fancy vacations, etc. paid for with imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans!


In the meantime, the corrupt and criminal U.S. Government is promising but not funding future U.S. Government benefits to the U.S. general public and Americans are buying stuff from the rest of the planet with imaginary-counterfeit money that the corrupt and criminal U.S. Government has fraudulently borrowed from the future Americans!


The U.S. ruling class gets overpaid, the U.S. upper class gets filthy rich, the U.S. general public gets screwed, and the rest of the planet gets screwed because the corrupt and criminal U.S. Government is running a classic Ponzi scheme by not using accrual accounting (GAAP Accounting)!


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

 

National Debt   $21.0 Trillion  
Cash Deficit in FY2018   $0.72 Trillion  
GAAP Deficit in FY2018   $5.99 Trillion  
US Unfunded Future Liabilities   $91.4 Trillion  
US Unfunded Liabilities (GAAP)   $112.4 Trillion  
Imaginary-Counterfeit Money   $112.4 Trillion  
Total National Assets   $137.0 Trillion  

Source: www.usdebtclock.org March 13, 2018


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


This is the biggest ($112.4 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