The Biggest Ponzi Scheme on the Planet-The U.S. Government
"American Economic Exceptionalism Explained"                     USAPonzi                                      by John W. White   Mar 29, 2013

Printing Counterfeit Wealth and Prosperity 180801
August 1, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 7/31/18


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post”, and “The Dallas Morning News” that explains how the U.S. Government is committing a $114.2 Trillion fiscal and accounting fraud that is printing counterfeit money to create counterfeit wealth and counterfeit economic prosperity in the United States of America! The U.S. Government is not operating its fiscal policy with proper GAAP Accounting!


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 “colossally feather the nests of their upper-class friends”! The U.S. Government is not using proper accrual accounting!


The “news media” is aiding and abetting the corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud!


Printing Counterfeit Wealth and Prosperity 180801

August 1, 2018


The U.S. Government is corrupt! The U.S. Government is not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting)!


The United States of America appears to be the wealthiest and most prosperous country on Planet Earth simply because the U.S. Government is committing a $114.2 Trillion fiscal and accounting fraud! America appears to be wealthy and prosperous because the U.S. Government is fraudulently borrowing money from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class!


The U.S. Government is fraudulently printing counterfeit money and giving it to the U.S upper class to create counterfeit wealth and counterfeit prosperity in America!


The U.S. Government does this with accounting sleight of hand by promising unreasonable, unaffordable, and unpayable U.S. Government benefits to the U.S. general public and then not properly accruing the money to pay for these future benefit promises!


The U.S. Government is borrowing an unending and ever-increasing amount of money from the future Americans to “pay for” these future benefit promises! Unfortunately the future Americans cannot pay this fraudulently borrowed money!


As of today, August 1, 2018, the U.S. Government has borrowed $114.2 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans to “pay for” these future benefit promises (US Unfunded Future Liabilities of $92.9 Trillion) and to “pay for” current period cash basis overspending (National Debt of $21.3 Trillion)!


The current Americans, primarily the U.S. upper class, have been given $114.2 Trillion of counterfeit money because they have been undertaxed by $114.2 Trillion! The U.S. Government has fraudulently enriched the U.S. upper class by $114.2 Trillion by deferring $114.2 Trillion of public liabilities to the future Americans that the future Americans can never pay!


This is a $114.2 Trillion fraud!


This is a $114.2 Trillion Ponzi scheme that I call USAPonzi!


This fraud, if it was allowed to continue, would give infinite counterfeit wealth to the U.S. upper class and infinite economic prosperity to Americans!


The corrupt and criminal U.S. Government would just borrow an infinite amount of imaginary-counterfeit money from the future Americans and give it to the U.S. upper class!


I call this fraudulently gained money, imaginary-counterfeit money, because the U.S. Government likes to pretend (imagine) that future Americans will be able to pay this money someday but it is counterfeit because the future Americans can never pay it!


The U.S. Government is enriching the U.S. upper class by undertaxing them and is cheating the U.S. general public by promising them future benefits but not properly accruing the money to pay for these future benefits!


The U.S. Government is not using proper accrual accounting to balance the U.S. fiscal budget! The U.S. Government is fraudulently assessing and reporting its financial condition with Cash Accounting rather than proper and Generally Accepted Accounting Principles (GAAP Accounting)!


The U.S. Government is borrowing money (imaginary-counterfeit money) from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class with GAAP basis deficit spending!


The U.S. Government has borrowed $114.2 Trillion of monopoly money from the future Americans and given it to the U.S. upper class! The U.S. Government borrows another $16.5 Billion of monopoly money every day from the future Americans and gives it to the U.S. upper class with ongoing GAAP basis deficit spending!


America appears to be the wealthiest and most prosperous country on Planet Earth because the U.S. Government is fraudulently and digitally printing an unending and ever-increasing stream of counterfeit money and giving it to the U.S. upper class with GAAP basis deficit spending!


The U.S. Government is corrupt!


The U.S. Government is committing a fiscal and accounting fraud that is printing counterfeit money to produce counterfeit wealth and counterfeit prosperity in the United States of America!


The U.S. Government is committing a fiscal and accounting fraud by not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting)!


The corrupt and criminal U.S. Government has appeared to create massive private wealth and massive economic prosperity in the United States by assuming $114.2 Trillion of public liabilities! The U.S. Government is borrowing money from the future Americans and giving it to the U.S. upper class to make them rich and to create an ever-expanding pool of counterfeit money so Americans can buy a ton of stuff without having to pay for any of it!


I call this ever-expanding pool of counterfeit money The Oswald Financial Bubble since this fraud/Ponzi scheme that I call USAPonzi was caused by Lee Harvey Oswald shooting John Fitzgerald Kennedy!


The U.S. Government has pulled off the biggest financial fraud, currently $114.2 Trillion, ever perpetrated by not using proper GAAP Accounting!


The U.S. Government borrows $16.5 Billion more imaginary-counterfeit money every day from the future Americans and gives it to the U.S. upper class!


GAAP basis deficit spending digitally prints imaginary-counterfeit money and gives it to the U.S. upper class since the U.S. upper class now pays almost all of our taxes with imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans!


The U.S. Government is fraudulently borrowing more and more money every day from the future Americans so the U.S. upper class can appear to get richer and richer and the U.S. economy can appear to get stronger and stronger!


The U.S. upper class is getting rich because they have been given $114.2 Trillion of imaginary-counterfeit money because of this fraudulent deferral of public liabilities to the future Americans.


The current Americans are buying stuff with this $114.2 Trillion of imaginary-counterfeit money that has been fraudulently borrowed from the future Americans!


The U.S. economy appears to be booming because the U.S. Government has printed $114.2 Trillion of counterfeit money and given it to the current Americans so that we can buy more and more stuff with this counterfeit money! The U.S. Government borrows $16.5 Billion more counterfeit money every day from the future Americans and gives it to the U.S. upper class to keep this Ponzi scheme alive!


Amazon
is selling a ton of stuff because the U.S. Government has printed $114.2 Trillion of counterfeit money by fraudulently borrowing it from the future Americans and giving it to the current Americans by undertaxing them! Amazon, as we currently know it, will go out of business when this accounting fraud is properly exposed (See Amazon-A Counterfeit Company)!


Americans are buying more and more and bigger and finer cars with $114.2 Trillion of counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans and given it to the current Americans by undertaxing them!


Americans are buying or renting more and more and bigger and finer houses, condos, and apartments with $114.2 Trillion of counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans and given to the current Americans by undertaxing them!


Football players, basketball players, golfers, tennis players, and other entertainers are making $Millions a year because the U.S. Government has fraudulently borrowed $114.2 Trillion of counterfeit money from the future Americans so that the current Americans can pay outrageous prices for tickets and TV subscriptions to watch them perform!


People and businesses all over the planet are buying and building stuff with this $114.2 Trillion of imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans by committing fiscal and accounting fraud!


This fiscal and accounting fraud, that I call USAPonzi, is filling the planet with junk that is being bought and built with the imaginary-counterfeit money that has been produced by this fraud!


Americans
appear to be rich because the corrupt and criminal U.S. Government has pulled  $114.2 Trillion of counterfeit money out of a hat and given it to the current Americans, primarily to the U.S. upper class!


The U.S. economy appears to be booming because the U.S. Government has pulled $114.2 Trillion of counterfeit money out of a hat and given it to the current Americans so we can buy a ton of stuff without having to pay for it!


The U.S. Government has cheated the U.S. general public by promising them future U.S. Government benefits but has not taxed the U.S. upper class enough to pay for these future benefits!


The U.S. Government has cheated the rest of the planet by pulling $114.2 Trillion of counterfeit money out of a hat and giving it to the current Americans so that they can buy stuff from the rest of the planet without having to pay for it!


The proper use of GAAP Accounting restricts the amount of money that the U.S. Government can honestly borrow from the future Americans!


By operating with Cash Accounting rather than the proper GAAP Accounting, the U.S. general public does not know that the corrupt U.S. Government has already borrowed $114.2 Trillion from the future Americans (US Unfunded Liabilities (GAAP)) and given it to the U.S. upper class! This money is counterfeit because the future Americans can never pay it!


The U.S. general public is going to be “MAD AS HELL” when they find out how the corrupt U.S. Government has been cheating them for 49 years by promising but not funding the benefit promises they have made to the U.S. general public so the U.S. Government can colossally enrich the U.S. upper class and dramatically enrich the U.S. ruling class!


The rest of the planet is going to be “MAD AS HELL” when they find out that Americans have been buying their products and services with imaginary-counterfeit money that has been fraudulently borrowed from the future Americans for the last 49 years!


The U.S. upper class is going to be “MAD AS HELL” when they find out that most of their wealth and income is imaginary-counterfeit money that has been fraudulently borrowed from the future Americans over the last 49 years!


Businesses all over the planet are going to be “MAD AS HELL” when they find out that most of their revenue and profit has come from purchases made with imaginary-counterfeit money that has been fraudulently borrowed from the future Americans over the last 49 years!


Banks and their depositors a
ll over the planet are going to be “MAD AS HELL” when they find out that most of their deposits are imaginary-counterfeit money that has been fraudulently borrowed from the future Americans over the last 49 years!


This imaginary-counterfeit money will evaporate into the “thin air” from whence it came when this accounting fraud is properly exposed and USAPonzi implodes!


The U.S. Government is corrupt!


The senior officials of the U.S. Government are common criminals that have committed a $114.2 Trillion criminal act by not operating its fiscal policy with proper accrual accounting! The senior officials of the U.S. Government are common criminals because they are direct financial beneficiaries of this massive fraud! The corrupt and criminal U.S. Government is overpaying itself with imaginary-counterfeit money!


We have 535 criminals in the U.S. Congress and an untold number of criminals in the White House!


I have sent 14 whistleblower letters to the U.S. Securities and Exchange Commission, a whistleblower letter to every member of the U.S. Congress, and 9 whistleblower letters to each member of the U.S. Supreme Court so that all three branches of the U.S. Government would be informed of this massive fraud!


I have also sent over 200 Op-Eds to the “mainstream media” in an attempt to expose this massive fraud to the citizens of Planet Earth! None of these Op-Ed candidates have been published!


This massive fraud is explained in more detail in my Open Letter to Planet Earth and my Open Letter to US General Public!


I have presented specific fraud charges against the U.S. Government in my Op-Ed Fraud Charges against U.S. Government commentary!


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.

 

National Debt   $21.3 Trillion  
Cash Deficit in FY2018   $0.79 Trillion  
GAAP Deficit in FY2018   $6.03 Trillion  
US Unfunded Future Liabilities   $92.9 Trillion  
US Unfunded Liabilities (GAAP)   $114.2 Trillion  
Imaginary-Counterfeit Money   $114.2 Trillion  
Total National Assets   $137.7 Trillion  

Source: www.usdebtclock.org Aug 1, 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” 11/22/15, “USAPonzi2” 5/1/17, and “USAPonzi3” 2/1/18! Each of these books have updates that I made every few days until the next book was published. I have published over 630 commentaries since March 29, 2013 in an attempt to explain and expose this U.S. Government fraud!


This is the biggest ($114.2 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