Open Letter to the U.S. General Public 7/8/17
July 8, 2017 Emailed to WSJ/NYT/DMN on 7/8/17
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 operating with a fraudulent fiscal policy and accounting system that is "Cheating the U.S. general public"!
Open Letter to the U.S. General Public
July 8, 2017
YOU ARE BEING CHEATED!
This is an open letter to the U.S. general public that explains how the U.S. Government is committing fiscal and accounting fraud to enrich itself, colossally enrich the upper class, and colossally cheat the general public.
The U.S. Government is "Cheating the U.S. general public"!
The U.S. Government is "Enriching the U.S. upper class"!
The U.S. Government is perpetrating a fiscal and accounting fraud that is "Cheating the U.S. general public"! The U.S. Government is promising benefits to the U.S. general public that it is underfunding ($86.7 Trillion)! The U.S. Government is overpaying the U.S. ruling class ($20.0 Trillion)! The U.S. Government is undertaxing ($106.7 Trillion) the U.S. upper class which has 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).
This fiscal and accounting fraud has produced a classic Ponzi scheme that I call USAPonzi which is enriching the U.S. upper class and is cheating the U.S. general public!
The wealth and income gap between the rich and the poor in America has been caused by this U.S. Government fiscal and accounting fraud!
The U.S. Government is enriching the rich and is cheating the poor!
|| $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 8, 2017
I have published a website www.usaponzi.net that explains how this fraud works to create a massive wealth and income gap between the rich and the poor!
The U.S. general public must demand that the U.S. Government begin using honest accounting by adopting GAAP Accounting.
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