Open Letter to the U.S. General Public 7/1/17
July 1, 2017 Emailed to WSJ/NYT/DMN 7/1/17
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 enrich themselves and to colossally enrich the U.S. upper class while cheating the U.S. Common Man and 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 and the rest of the planet so they can "feather their own nests" and "dramatically feather the nests of their upper-class friends".
Open Letter to the U.S. General Public
July 1, 2017
The U.S. Government is committing a $106.7 Trillion fraud!
The U.S. Government has fraudulently given the U.S. upper class $106.7 Trillion!
The U.S. Government has fraudulently borrowed $106.7 Trillion from the future Americans and given it to the U.S. upper class!
Since the future Americans do not have $106.7 Trillion, the U.S. Government is just creating $106.7 Trillion out of "thin air" and giving it to the U.S. upper class! I call this fraudulently borrowed money imaginary-counterfeit money!
The U.S. Government is perpetrating a fiscal and accounting fraud that has fraudulently given the U.S. upper class $106.7 Trillion! The U.S. Government is committing fiscal and accounting fraud by not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting). The U.S. Government is operating with Cash Accounting rather than the proper GAAP Accounting (Accrual Accounting).
The U.S. Government, by using fraudulent accounting, is running a classic Ponzi scheme, which I have named USAPonzi, that now has an indebtedness of $106.7 Trillion (US Unfunded Liabilities (GAAP)) as of July 1, 2017!
Because of this fraud, The U.S. Government is dramatically overpaying the U.S. Government employees; creating National Debt of $20.0 Trillion!
Because of this fraud, the U.S. Government is colossally enriching the U.S. upper class by $106.7 Trillion by undertaxing them; creating US Unfunded Liabilities (GAAP) of $106.7 Trillion!
Because of this fraud, the U.S. Government is promising U.S. Government benefits to the U.S. Common Man but is colossally underfunding them; creating US Unfunded Future Liabilities of $86.7 Trillion.
Because of this fraud, the U.S. Government is fraudulently borrowing money ($106.7 Trillion) from the future Americans so that the current Americans can buy stuff, they cannot afford, from the rest of the planet with this fraudulently borrowed money. This is fraud because the future Americans do not have $106.7 Trillion!
Because of this fraud, the U.S. Government is enriching the U.S. ruling class, is colossally enriching the U.S. upper class, is colossally cheating the U.S. Common Man, and is colossally cheating the rest of the planet.
Because of this fraud, the U.S. Government is enriching the U.S. upper class and is oppressing the U.S. Common Man!
The senior officials of the U.S. Government are common criminals because they are operating the U.S. Government with fraudulent accounting so that they can enrich themselves and their upper-class friends!
We must re-establish integrity within the U.S. Government! We must have Truth in the U.S. Government! The U.S. Government must start operating with an honest fiscal policy and accounting system!
|| $20.0 Trillion
|Cash Deficit in FY2017
|GAAP Deficit in FY2017
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org Jul 1, 2017
This U.S. Government 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. The www.usaponzi.net website is an introduction to my more detailed website www.usaponzi.com and my books "USAPonzi" (Nov 22, 2015) and "USAPonzi2" (May 1, 2017) which are available on Amazon to better explain this fraud/Ponzi scheme.
This is the biggest ($106.7 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