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 the U.S. General Public
April 17, 2017    Emailed to WSJ/NYT/DMN on April 17, 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 enrich themselves and to colossally enrich the U.S. upper class.


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
 
April 17, 2017


The U.S. Government is corrupt! The senior officials of the U.S. Government are criminals! 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 promising government benefits to the general public but is not taxing the U.S. upper class enough to pay for these government benefit promises. Because of this fiscal and accounting fraud, the U.S. Government has given the U.S. upper class $105.8 Trillion, has overpaid the U.S. ruling class by $19.9 Trillion, and has underfunded the government benefit promises to the U.S. Common Man by $85.9 Trillion.


This is a Ponzi scheme (USAPonzi) that is borrowing a geometrically increasing amount of imaginary-counterfeit money from the future Americans and giving it to the current Americans but the U.S. upper class is getting almost all of this money. The U.S. upper class is appearing to get super rich simply because the U.S. Government is fraudulently borrowing faux money from the future Americans. This is fraud because the future Americans do not have $105.8 Trillion. The U.S. Government is imagining that the future Americans can pay an infinite amount of taxes forever. This is a classic Ponzi scheme.


Simple accounting fraud is causing the U.S. upper class to appear to be super rich.


Just think about that, the U.S. Government has given its U.S. upper-class friends $105.8 Trillion of imaginary-counterfeit money while cheating the U.S. Common Man by promising government benefits but underfunding these promises by $85.9 Trillion. And yet they still have the unmitigated gall to borrow $19.9 Trillion from the fraudulently enriched U.S. upper class to overpay themselves.


The U.S. Government is being run by a bunch of criminals!


National Debt    $19.9 Trillion 
Cash Deficit in FY2017  $0.59 Trillion 
GAAP Deficit in FY2017 
$5.59 Trillion 
US Unfunded Future Liabilities  $85.9 Trillion 
US Unfunded Liabilities (GAAP)  $105.8 Trillion 
Imaginary-Counterfeit Money 
$105.8 Trillion 
Total National Assets 
$130.7 Trillion 

Source: www.usdebtclock.org April 17, 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.


This is the biggest ($105.8 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