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
September 8, 2018


This is an “Open Letter to Planet Earth” to inform you that the U.S. Government is committing fiscal and accounting fraud by not operating its fiscal policy with accrual accounting! The U.S. Government is not properly accruing the money to pay future U.S. Government benefit promises to the U.S. general public!


The U.S. Government is Corrupt!


America appears to be the richest and most powerful country on Planet Earth simply because the U.S. Government is committing fiscal and accounting fraud!


Because of this accounting fraud, the corrupt and criminal U.S. Government is fraudulently borrowing $16.5 Billion every day from the future Americans and giving it to the U.S. upper class!


This accounting fraud has already fraudulently given the U.S. upper class $114.7 Trillion!


This is an open letter to the citizens of Planet Earth to inform you that the U.S. Government is committing fiscal and accounting fraud by not operating its fiscal policy with accrual accounting! The U.S. Government is promising unreasonable and unaffordable U.S. Government benefits to the U.S. general public and is not properly accruing the money to pay for these future benefits! This accounting fraud is enriching the U.S. upper class and cheating the U.S. general public! This accounting fraud is enriching the U.S. ruling class and cheating the rest of the planet!


The U.S. upper class gets rich because they don't have to pay for these future benefits and the U.S. general public gets cheated because they have been hoodwinked into thinking they are going to get future benefits that the corrupt and criminal U.S. Government has not accrued for and therefore has no intention or capability to pay!


The U.S. ruling class gets rich because they are borrowing money from the fraudulently enriched upper class to overpay themselves and the rest of the planet gets cheated because Americans are buying stuff from them with money that has been fraudulently borrowed from the future Americans!


I filed my 14th complaint to the U.S. Securities and Exchange Commission on May 21, 2018 in an attempt to broadly expose this U.S. Government fiscal and accounting fraud! The following is the confirmation of the receipt of this complaint that I received from the SEC!


SEC Tip-Complaint 180521 Confirmation


Tips, Complaints and Referrals        Page 1 of 1

HOME          COMPLAINT FORM


Submission Number: 15269-876-041 was submitted successfully on Monday, May 21, 2018 at 12:06:01 PM EDT

Thank you for contacting the United States Securities and Exchange Commission. This automated response confirms that your submission has been received successfully. We are always interested in hearing from the public, and your submission will be given careful consideration in view of the Commission's overall responsibilities under the federal securities laws. Please note, however, that it is the  Commission's policy to conduct its investigations on a non-public basis in order to preserve the integrity of its investigative process. Subject to the provisions of the Freedom of Information Act, we cannot disclose to you any information which we may gather, nor can we confirm the existence or non-existence of an investigation, unless such information is made a matter of public record in proceedings brought before the Commission or the courts. Therefore, this may be the only response that you receive. If you want to learn more about how the Commission handles inquiries or complaints, please visit http://www.sec.gov/complaint/info_tipscomplaint.shtml.


What is your complaint about?


Please select the option that best describes your complaint.


Fraudulent investment scheme, such as a Ponzi scheme or the promise of high-yield returns


Please select the specific category that best describes your complaint.


Ponzi / pyramid scheme


If you are alleging offering fraud, how was the offer made?


Other


For Other, please specify


US Government Benefits


In your own words, describe the conduct or situation you are complaining about.


The U.S. Government is promising U.S. Government benefits to the U.S. general public but is not using proper accrual accounting to fund these promises. As a result, the U.S. upper class is getting rich, the U.S. general public is getting cheated, the U.S. ruling class is getting rich and the rest of the planet is getting cheated because Americans are buying stuff with monopoly money that the U.S. Government has fraudulently borrowed from the future Americans.


The global stock market is a hoax because of this accounting fraud! I have written two websites and three books that explain this fraud and the impact it is having on the global financial system and the global economy.


USAPonzi.com USAPonzi.net are the websites.


Are you having or have you had difficulty getting access to your funds or securities?


No


Did you suffer a loss?


No


When did you become aware of the conduct? (mm/dd/yyyy)


3/29/2013


When did the conduct begin? (mm/dd/yyyy)


1/30/1968


Is the conduct ongoing?


Yes


End of SEC Tip-Complaint 180521 Confirmation


The U.S. Government is corrupt!


The U.S. Government is committing a fiscal and accounting fraud that is fraudulently enriching the U.S. upper class by $114.7 Trillion and cheating the U.S. general public by $93.2 Trillion!


The U.S. Government is committing a fiscal and accounting fraud, I call it USAPonzi, that is 2,000 times larger than the Madoff, Enron, and Worldcom frauds!


USAPonzi is a $114.7 Trillion Fraud that is a classic Ponzi scheme!


This fraud gives fake money, I call it imaginary-counterfeit money, to the U.S. upper class by pretending/imagining that the future Americans will be able to pay it someday!


Because the U.S. Government fiscal policy has no limit on the amount of money that it can borrow from the future Americans, the U.S. Government can, in theory, borrow an infinite amount of money from the future Americans and give the U.S. upper class infinite imaginary-counterfeit wealth! As of the date of this writing, the U.S. Government has fraudulently given the U.S. upper class $114.7 Trillion of imaginary-counterfeit wealth!


The U.S. Government must adopt GAAP Accounting (Generally Accepted Accounting Principles) and commit to a balanced GAAP basis budget in order to eliminate this fiscal and accounting fraud and properly accrue for the future U.S. Government benefit promises!


The U.S. Government is not using proper accrual accounting (GAAP Accounting) and therefore is under-accruing for future benefits to the U.S. general public by $93.2 Trillion while undertaxing the U.S. upper class by $114.7 Trillion!


The U.S. Government has deferred $114.7 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans so that it can undertax and enrich the U.S. upper class by $114.7 Trillion!


Because the U.S. Government is not using accrual accounting, the U.S. Government has fraudulently borrowed $114.7 Trillion from the future Americans, money the future Americans do not have, and given it to the U.S. upper class by undertaxing them! The U.S. Government is pretending/imagining that the future Americans can someday pay $114.7 Trillion of public liabilities which of course they cannot! This is a $114.7 Trillion fraud!


The U.S. Government is promising unreasonable and unaffordable future benefits to the U.S. general public and is not properly accruing for these future benefits which means that the U.S. Government is lying to the U.S. general public by promising them unsustainable future benefits and is underfunding these benefits by $93.2 Trillion!


The U.S. general public is paying taxes to fund these future benefits and the U.S. Government is cheating the U.S. general public by spending that money for other purposes! The U.S. general public has, for the last 49 years, been paying in good money to pay for future Social Security and healthcare benefits and the U.S. Government has spent all of that money rather than accruing it in a trust fund for future benefit payments!


The U.S. Government is running a $114.7 Trillion Ponzi scheme that I have named USAPonzi!


The senior officials of the U.S. Government are common criminals that have committed a $114.7 Trillion criminal act by not using accrual accounting! The senior officials of the U.S. Government are common criminals because they are direct financial beneficiaries of this massive fraud!


The U.S. Government has given the U.S. upper class $114.7 Trillion (US Unfunded Liabilities (GAAP)) by fraudulently undertaxing them!


The U.S. Government has overpaid the U.S. ruling class by $21.5 Trillion (National Debt) by borrowing this money from the fraudulently enriched upper class!


The U.S. Government has cheated the U.S general public because it has promised the U.S. general public $93.2 Trillion (US Unfunded Future Liabilities) of future U.S. Government benefits that it has not funded!


The U.S. Government has cheated the rest of the planet because the U.S. Government has given the current Americans $114.7 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, $114.7 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 current rate of $16.5 Billion a day and gives it to the U.S. upper class (GAAP Deficit in FY2018 = $6.04T/365 days = $16.5B/day)!


The U.S. Government is committing fiscal and accounting fraud by not using accrual accounting so that it can enrich the U.S. upper class by $114.7 Trillion, shortchange the U.S. general public by $93.2 Trillion, overpay the U.S. ruling class by $21.5 Trillion, and allow Americans to buy stuff with $114.7 Trillion of monopoly money!


Because of this fiscal and accounting fraud that I call USAPonzi, the U.S. upper class is getting rich, prices have gone up for everything, the stock market goes up, the global economy looks very strong, and we are filling the planet with useless and sometimes dangerous junk like cars, trucks, airplanes, trains, ships, banks, restaurants, houses, condos, apartments, hotels, medical facilities, office buildings, warehouses, sports arenas, stores, malls, cities, airports, guns, and bombs simply because this accounting fraud is digitally printing monopoly money with GAAP basis deficit spending!


Americans are buying stuff with $114.7 Trillion of imaginary-counterfeit money (monopoly money)!


Because of this fiscal and accounting fraud that I call USAPonzi, the corrupt and criminal U.S. Government is borrowing money from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class! This accounting fraud has given the U.S. upper class $114.7 Trillion of imaginary-counterfeit money! This accounting fraud is what has created the wealth and income gap!


The corrupt and criminal U.S. Government likes the U.S. upper class a lot more than it likes the U.S. general public, because the U.S. upper class is willing to pay bribes and make campaign contributions to get the politicians do the right(?) things for them! Because of this accounting fraud the U.S. upper class has a lot of money ($114.7 Trillion of imaginary-counterfeit money) to pay bribes and make campaign contributions!


Madoff, Enron, and Worldcom got away with this kind of accounting fraud for years, even decades, and now the corrupt and criminal U.S. Government has been committing fiscal and accounting fraud for nearly a half century!


The USAPonzi
fraud is 2,000 times larger than the Madoff, Enron, and Worldcom frauds!


The U.S. Government is filled with scoundrels, liars, cheaters, and criminals that are running a massive Ponzi scheme because they are not operating the U.S. Government fiscal policy with proper accrual accounting!


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


This massive fraud is explained in more detail in my Open Letter to US Government!


I have presented specific fraud charges against the U.S. Government in my Fraud Charges against U.S. Government commentary!


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   $21.5 Trillion  
Cash Deficit in FY2018   $0.79 Trillion  
GAAP Deficit in FY2018   $6.04 Trillion  
US Unfunded Future Liabilities   $93.2 Trillion  
US Unfunded Liabilities (GAAP)   $114.7 Trillion  
Imaginary-Counterfeit Money   $114.7 Trillion  
Total National Assets   $138.1 Trillion  

Source: www.usdebtclock.org Sep 8, 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” 11/22/15,USAPonzi2” 5/1/17, “USAPonzi3” 2/1/18, and “USAPonziA” 9/1/18!  Each of these books have updates that I made every few days until the next book was published. I have published over 650 commentaries since March 29, 2013 in an attempt to expose this U.S. Government fraud!


This is the biggest ($114.7 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