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 11/6/17
November 6, 2017    Emailed to WSJ/NYT/DMN on 11/6/17  


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 cheating the U.S. general public so that it can 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 11/6/17
November 6, 2017


The U.S. Government is cheating the U.S. general public so that it can enrich the U.S. upper class!


The U.S. Government is corrupt! The U.S. Government is being run by a bunch of criminals! The U.S. Government is committing fiscal and accounting fraud! The U.S. Government is not using proper GAAP Accounting! The U.S. Government is running a classic Ponzi scheme that is creating money out of “thin air”!


The U.S. Government, by using fraudulent accounting, has borrowed $108.8 Trillion from the future Americans and given it to the U.S. upper class! The U.S. Government is borrowing money from the future Americans, that the future Americans do not have, to create $108.8 Trillion of imaginary-counterfeit money that it then gives to the U.S. upper class by undertaxing them (US Unfunded Liabilities (GAAP))!


In order to enrich the U.S. upper class, the U.S. Government is not operating according to Generally Accepted Accounting Principles (GAAP Accounting). Because the U.S. Government is not using proper accounting, it is making benefit promises to the U.S. general public but is not taxing the U.S. upper class enough to pay for these future benefits.


Because the U.S. Government is using fraudulent accounting, the U.S. upper class is getting rich ($108.8 Trillion) because they are being undertaxed and the U.S. general public is getting ripped off ($88.3 Trillion) because the U.S. Government is underfunding their promised future benefits!


We have a corrupt U.S.
Government!

 

National Debt  $20.5 Trillion 
Cash Deficit in FY2018  $0.68 Trillion 
GAAP Deficit in FY2018  $5.65 Trillion 
US Unfunded Future Liabilities  $88.3 Trillion 
US Unfunded Liabilities (GAAP)  $108.8 Trillion 
Imaginary-Counterfeit Money  $108.8 Trillion 
Total National Assets  $134.9 Trillion 

Source: www.usdebtclock.org Nov 6, 2017


To eliminate this fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.


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 fraud/Ponzi scheme is also explained in “short story style” in my October 1, 2017 commentary USAPonzi CliffsNotes and in my October 8, 2017 commentary USAPonzi Elevator Speech.


This is the biggest ($108.8 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