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 $105.4 Trillion to the U.S. Upper Class!

March 7, 2017  Emailed to WSJ/NYT/DMN on 3/7/17


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 $105.4 Trillion to the U.S. Upper Class!

March 7, 2017


The U.S. Government has given the U.S. upper class
$105.4 Trillion simply by fraudulently borrowing it from the future Americans!!!!!


US Unfunded Liabilities (GAAP) = $105.4 Trillion


The U.S. Government has undertaxed the U.S. upper class by $105.4 Trillion as of March 7, 2017.


The U.S. Government is using fraudulent accounting to enrich the U.S. ruling class, to colossally enrich the U.S. upper class, to colossally cheat the U.S. Common Man, and to colossally cheat the rest of the planet.


The U.S. Government is using Cash Accounting rather than the proper GAAP Accounting (Generally Accepted Accounting Principles).


The U.S. Government is "borrowing/stealing" monopoly money from the future Americans and giving it to the current Americans. This is a classic Ponzi scheme; pay the early participants in the scheme with the money coming in from the late participants in the scheme.


The U.S. Government is overpaying the U.S. ruling class by borrowing $20.0 Trillion from the future Americans.


The U.S. Government is cheating the U.S. Common Man by promising $85.4 Trillion worth of benefits but not taxing the U.S. upper class enough to pay for these future promises.


The U.S. Government is enriching the U.S. upper class by $105.4 Trillion by not taxing them to pay for overpaying the U.S. ruling class or for properly funding the benefit promises the U.S. Government has made to the U.S. Common Man.


The U.S. Government is cheating the rest of the planet by "borrowing/stealing" $105.4 Trillion of monopoly money from the future Americans so that the current Americans can buy goods and services from the rest of the planet with this monopoly money.


The U.S. Government is corrupt!


The senior members of the U.S. Government are criminals. The senior members of the U.S. Government are "lining their pockets" and "dramatically lining the pockets of their U.S. upper- class friends" by deferring $105.4 Trillion of public liabilities to the future Americans which is reported as US Unfunded Liabilities (GAAP) on www.usdebtclock.org.


The U.S. upper class is appearing to get filthy rich simply because the U.S. Government is using fraudulent accounting.


The U.S. Government creates imaginary-counterfeit money out of "thin air" by pretending to borrow it from the future Americans by deferring public liabilities to the future Americans (See The Extended Theory of Imaginary-Counterfeit Money).

 

National Debt 
$20.0 Trillion 
e-imaginary-counterfeit money  $20.0 Trillion 
Cash Deficit in FY2017 
$0.59 Trillion 
GAAP Deficit in FY2017 
$5.62 Trillion 
US Unfunded Future Liabilities 
$85.4 Trillion 
US Unfunded Liabilities (GAAP) 
$105.4 Trillion 
i-imaginary-counterfeit money 
$105.4 Trillion 
   Total National Assets  $128.6 Trillion 

  Source: www.usdebtclock.org March 7, 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 fraud is also explained in much more detail on my website www.usaponzi.com and in my book “USAPonzi” which is available on Amazon in Kindle and Paperback formats and on my www.usaponzi.net in Kindle and PDF formats.


This is the biggest ($105.4 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