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

Printing Money for the U.S. Upper Class-current
October 1, 2020


The U.S. Government is corrupt! The corrupt U.S. Government is printing money, I call it imaginary-counterfeit money, and giving it to the U.S. upper class!


So far, the corrupt U.S. Government has fraudulently given the U.S. upper class $154.7 Trillion!


The corrupt U.S. Government is not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting)! The corrupt U.S. Government, by committing fiscal and accounting fraud, is in the process of borrowing an infinite amount of money from the future Americans and giving it to the U.S. upper class by undertaxing them!


The corrupt U.S. Government is running a classic Ponzi scheme that I call USAPonzi! The GAAP basis deficit spending of this Ponzi scheme by the corrupt U.S. Government prints imaginary-counterfeit money and gives it to the U.S. upper class by undertaxing them!


The corrupt U.S. Government is promising and paying benefits to the U.S. general public but is not taxing the U.S. upper class to pay for these benefits! When the U.S. upper class does not pay for these benefits the U.S. upper class gets rich! When the U.S. upper class does not pay for these benefits the U.S. general public gets screwed!


The corrupt U.S. Government has hoodwinked the U.S. general public into thinking they are going to get future benefits that the corrupt U.S. Government has no intention or capability to pay because the corrupt U.S. Government is not accruing the money to pay these benefits!


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


In effect, the corrupt U.S. Government is borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!


The U.S. general public is going to be MAD AS HELL when they find out that the corrupt U.S. Government has been cheating them for the last 51 years!


The U.S. general public is going to be MAD AS HELL when they find out that the corrupt U.S. Government has been fraudulently giving imaginary-counterfeit money, so far $154.7 Trillion, to the U.S. upper class for the last 51 years!



US National Debt  $26.8 Trillion 
Cash Deficit in FY2020  $3.14 Trillion 
*GAAP Deficit in FY2020  >$28.6 Trillion 
US Unfunded Future Liabilities  $127.9 Trillion 
US Unfunded Liabilities (GAAP)  $154.7 Trillion 
Imaginary-Counterfeit Money  $154.7 Trillion 
US Total National Assets  $124.5 Trillion 

Source: www.usdebtclock.org October 1, 2020
*usdebtclock.org has stopped explicitly reporting the GAAP Deficit. The GAAP Deficit is implicitly reported as the change in US Unfunded Liabilities (GAAP). US Unfunded Liabilities (GAAP) were $126.1 Trillion on October 1, 2019 the start date for FY2020, therefore the GAAP Deficit in FY2020 will be >$28.6 Trillion (>$154.7T-$126.1T = >$28.6T).


I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain this accounting fraud and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can be downloaded from my www.usaponzi.net website.


This is the biggest ($154.7 Trillionfinancial fraud ever perpetrated, I call it USAPonzi: The Great American Fraud” and “The Biggest Ponzi Scheme on the Planet”!


John W. White
Plano, TX