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
Giving $105.6 Trillion to the U.S. Upper Class!

March 24, 2017   Emailed to WSJ/NYT/DMN on March 25, 2017


The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains how the U.S. Government is using a fraudulent fiscal policy and accounting system to dramatically enhance the lifestyle of Americans, to dramatically enrich the U.S. ruling class, to colossally enrich the U.S. upper class, to colossally cheat the Common Man, and to colossally cheat the rest of the planet.


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 so they can "feather their own nests" and "dramatically feather the nests of their upper-class friends".


Open Letter to Planet Earth
Giving $105.6 Trillion to the U.S. Upper Class!

March 24, 2017


The U.S. Government is corrupt! The senior members of the U.S. Government are criminals. The U.S. Government is using a fraudulent accounting system in an attempt to conceal this fraud and corruption. The U.S. Government is using Cash Accounting rather than the proper GAAP Accounting (Generally Accepted Accounting Principles). I call this fraud USAPonzi because it is a classic Ponzi scheme that is being perpetrated by the U.S. Government.


Because of this fiscal and accounting fraud, the U.S. Government is undertaxing the U.S. upper class which has given the U.S. upper class $105.6 Trillion (US Unfunded Liabilities (GAAP)), has overpaid itself by $19.9 Trillion (National Debt), and has underfunded the U.S. Government benefit promises to the U.S. Common Man by $85.7 Trillion (US Unfunded Future Liabilities).


The U.S. Government is enriching itself and its upper-class friends while cheating the U.S. Common Man and the rest of the planet.


The U.S. Government is cheating the U.S. Common Man by making benefit promises that it has no intention of keeping because it has underfunded these benefit promises by $85.7 Trillion.


The U.S. Government is cheating the rest of the planet by borrowing $105.6 Trillion from the future Americans so that current Americans can buy goods and services that they cannot afford.


This is a criminal act because the perpetrators of this fraud are significant beneficiaries of the fraud.

 

National Debt 
$19.9 Trillion 
Cash Deficit in FY2017 
$0.59 Trillion 
GAAP Deficit in FY2017 
$5.61 Trillion 
US Unfunded Future Liabilities 
$85.7 Trillion 
US Unfunded Liabilities (GAAP) 
$105.6 Trillion 
   Total National Assets  $130.0 Trillion 

Source: www.usdebtclock.org March 24, 2017


This U.S. Government fiscal and accounting fraud can only be equitably eliminated by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government.


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.


This is the biggest ($105.6 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and it is "The Biggest Ponzi Scheme on the Planet"!


John W. White

Plano, TX