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

Saudi/America Relations Crisis! 181015
October 15, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 10/15/18


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post”, and “The Dallas Morning News” which explains why the relations between Saudi Arabia and the United States of America are about to reach a crisis level!


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”.


The “news media” is aiding and abetting the corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud! The
U.S. Government should be operating its fiscal policy with accrual accounting!


Saudi/America Relations Crisis! 181015

October 15, 2018


Saudi/America relations will reach a “real crisis” when the “Saudi Wealth” evaporates!


Americans are buying Saudi oil with monopoly money!


The political and economic relations between America and Saudi Arabia are about to reach a crisis level! The alleged murder of the Saudi journalist Jamal Khashoggi has caused real concern about how America should respond to this situation. This incident could cause America to introduce economic sanctions to express displeasure with the Saudi Government!


If the Saudi Government was responsible for this alleged crime against a critical journalist, it would be inconsistent with expected norms of democracy and human rights and should result in actions by the rest of the planet!


However, I contend that this is a relatively small issue compared to the financial and economic fraud that is being perpetrated by the U.S. Government which has fraudulently produced massive but counterfeit wealth and prosperity in Saudi Arabia.


This issue, when it is exposed, will cause a major financial and economic crisis for the entire planet and the focus of this crisis will not be Saudi Arab
ia. The corrupt and criminal U.S. Government will be the focal point for the financial and economic crisis that has been caused by fiscal and accounting fraud by the U.S. Government!


Saudi Arabia will be justifiably enraged with the United States because they, and people all over the planet, have made dramatic financial and economic decisions assuming that the United States of America can be a trusted partner in international trade! The United States of America is not a trusted trading partner in international trade because it is printing imaginary-counterfeit money and giving it to the U.S. upper class so Americans buy things without having to pay for them!


Saudi Arabia, and countries all over planet earth, are building and buying things with counterfeit money that the U.S. Government is releasing into the global financial and economic system with fraudulent GAAP basis deficit spending!


The U.S. Government has been perpetrating this fiscal and accounting fraud for the last 49 years by not using proper accrual accounting which is fraudulently enriching the U.S. upper class, is cheating the U.S. general public, and is cheating the rest of the planet!


Therefore, I contend that the major political and economic relations crisis between Saudi Arabia and America will become evident when this fiscal and accounting fraud by the U.S. Government is properly exposed!


GAAP basis deficit spending by the U.S. Government is printing imaginary-counterfeit money so that Americans can pay exorbitant prices for Saudi Arabian oil!


The corrupt and criminal U.S. Government is running a massive Ponzi scheme, which I have named USAPonzi, that is caused by the U.S. Government operating its fiscal policy with Cash Accounting rather than the proper and Generally Accepted Accounting Principles (GAAP Accounting)!


The corrupt and criminal U.S. Government is fraudulently borrowing money from the future Americans, money the future Americans do not have, and giving it to the current Americans so they can pay exorbitant prices for Saudi Arabian oil!


Saudi Arabia has been fooled and fraudulently enriched by this fraud!


When this fraud is exposed, i.e. when USAPonzi implodes, $115.1 Trillion of imaginary-counterfeit money will evaporate as will $6.05 Trillion of annual imaginary-counterfeit income to Americans because of the ongoing and fraudulent GAAP  basis deficit spending by the U.S. Government!


Americans are buying oil from Saudi Arabia with $115.1 Trillion of imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans, and the U.S. Government fraudulently borrows another $16.6 Billion every day from the future Americans so we can keep on buying oil from Saudi Arabia at exorbitant and ever-increasing prices!


Saudi Arabia, and the rest of the planet, will be infuriated at the United States of America when USAPonzi is exposed!


Saudi Arabia will be infuriated when they find out that most of their wealth is counterfeit money that has been produced by a corrupt and criminal U.S. Government!


This fiscal and accounting fraud by the U.S. Government has caused major problems in the governance of Saudi Arabia just as it has in the United States of America!


USAPonzi is a $115.1 Trillion fraud that is growing by $16.6 Billion a day!


The U.S. Government is corrupt!


The senior officials of the U.S. Government are common criminals that have committed a $115.1 Trillion criminal act by not operating the U.S. Government 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 US Government, 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 Fraud Charges against U.S. Government commentary!


I have also explained this fraud to the International Monetary Fund in my Open Letter to the International Monetary Fund commentary!


To eliminate this massive ($115.1 Trillion) fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.

 

National Debt  $21.6 Trillion 
Cash Deficit in FY2019  $0.88 Trillion 
GAAP Deficit in FY2019 
$6.05 Trillion 
US Unfunded Future Liabilities  $93.5 Trillion 
US Unfunded Liabilities (GAAP)  $115.1 Trillion 
Imaginary-Counterfeit Money 
$115.1 Trillion 
Total National Assets 

$149.3 Trillion 

Source: www.usdebtclock.org Oct 15, 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, “USAPonzi3 2/1/18, and “USAPonziA 9/1/18! Each of these books have updates that I made every few days until the next book was published. I have published 665 commentaries since March 29, 2013 in an attempt to explain and expose this massive U.S. Government fraud!


This is the biggest ($115.1 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