Open Letter to the U.S. General Public
June 21, 2018
The U.S. Government is Corrupt!
The corrupt and criminal U.S. Government is giving infinite wealth to the U.S. upper class because the U.S. Government is not properly accruing for the benefit promises that it has made to you the U.S. general public!
Because the corrupt and criminal U.S. Government is not properly accruing for future benefit promises, the U.S. Government is fraudulently borrowing $16.5 Billion every day from the future Americans and giving it to the U.S. upper class!
The corrupt and criminal U.S. Government has already fraudulently borrowed $113.7 Trillion from the future Americans and given it to the U.S. upper class!
This is an “Open Letter to the U.S. General Public” 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!
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?
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?
Did you suffer a loss?
When did you become aware of the conduct? (mm/dd/yyyy)
When did the conduct begin? (mm/dd/yyyy)
Is the conduct ongoing?
End of SEC Tip-Complaint 180521 Confirmation
The U.S. Government is perpetrating a $113.7 Trillion fiscal and accounting fraud!
This is a very simple fraud; the corrupt and criminal U.S. Government just fraudulently borrows a never-ending and exponentially-increasing stream of money from the future Americans, money that the future Americans do not have, and gives it to the U.S. upper class by undertaxing them!
Because of this fiscal and accounting fraud, the corrupt and criminal U.S. Government has fraudulently borrowed $113.7 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class! I call this fraudulently borrowed money, imaginary-counterfeit money, since it does not exist and has no value!
Because of this fiscal and accounting fraud, the corrupt and criminal U.S. Government has underfunded the future benefit promises to the U.S. general public by $92.5 Trillion (US Unfunded Future Liabilities)!
Because of this fiscal and accounting fraud, the corrupt and criminal U.S. Government has fraudulently enriched the U.S. upper class by $113.7 Trillion and cheated the U.S. general public out of $92.5 Trillion (US Unfunded Future Liabilities)!
Because of this fiscal and accounting fraud, the corrupt and criminal U.S. Government has fraudulently borrowed $21.2 Trillion (National Debt) from the fraudulently enriched upper class to overpay the U.S. ruling class!
Because of this fiscal and accounting fraud, the corrupt and criminal U.S. Government has fraudulently borrowed $113.7 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the current Americans so Americans can buy stuff without having to pay for it!
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 these 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 have fraudulently borrowed $21.2 Trillion from the fraudulently enriched upper class to overpay themselves!
The rest of the planet gets cheated because Americans are buying stuff from them with $113.7 Trillion of imaginary-counterfeit money (monopoly money) that has been fraudulently borrowed from the future Americans!
The U.S. Government is operating a $113.7 Trillion fiscal and accounting fraud that is a classic Ponzi scheme which I have named USAPonzi!
The corrupt and criminal U.S. Government is lying to the U.S. general public by promising them future benefits that it has no intention or capability to pay!
The U.S. Government is corrupt!
The senior officials of the U.S. Government are common criminals that have committed a $113.7 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!
We now have 535 criminals in the U.S. Congress and an untold number of criminals in the White House!
This fraud is explained in more detail in my Open Letter to Planet Earth!
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.
|Cash Deficit in FY2018
|GAAP Deficit in FY2018
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org Jun 21, 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”, “USAPonzi2”, and “USAPonzi3”!
This is the biggest ($113.7 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.
John W. White