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

Sears-Kmart-JCPenny Destroyed by Fraud! 181020
October 20, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, Senator Ted Cruz, and Dallas Mayor Mike Rawlings 10/22/18 


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 U.S. Government fiscal and accounting fraud is putting stores that sell “the basics” out of business!


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!


Sears-Kmart-JCPenny Destroyed by Fraud! 181020

October 20, 2018


The U.S. Government is committing fiscal and accounting fraud by not using proper and Generally Accepted Accounting Principles (GAAP Accounting) and as a result is running a classic Ponzi scheme that I have named USAPonzi!


The corrupt and criminal U.S. Government is committing a fiscal and accounting fraud that is printing imaginary-counterfeit money by fraudulently borrowing money from the future Americans, money the future Americans do not have, and giving it to the current Americans! The U.S. Government has already printed $115.2 Trillion of imaginary-counterfeit money and is printing $16.6 Billion more every day! While the U.S. upper class gets most of this imaginary-counterfeit money when it is first printed, this imaginary-counterfeit money trickles down to all economic levels in the United States as the U.S. Government and the U.S. upper class spend it!


The U.S. Government is printing imaginary-counterfeit money by committing fiscal and accounting fraud because the U.S. Government is not accruing the money to pay for future benefits to the U.S. general public! Americans are buying stuff with imaginary-counterfeit money that the corrupt and criminal U.S. Government is fraudulently borrowing from the future Americans, money the future Americans do not have, and giving it to the current Americans with GAAP basis deficit spending!


As long as the U.S. Government keeps running the Ponzi scheme that I call USAPonzi, Americans will have more and more imaginary-counterfeit money to buy things without having to pay for them! The corrupt and criminal U.S. Government is in the process of borrowing an infinite amount of imaginary-counterfeit money from the future Americans so the current Americans can have an infinite amount of imaginary-counterfeit money to buy an infinite amount of stuff! 


This fiscal and accounting fraud is in the process of putting the stores like Sears, Kmart, and JCPenny that sell basic products, that the common man needs to support a working class standard of living, out of business because more and more people in America are living on the imaginary-counterfeit money that this accounting fraud is producing out of “thin air”!


Who wants to buy the basics, when the U.S. Government is printing imaginary-counterfeit money, $115.2 Trillion so far, so that Americans can buy the deluxe model or super deluxe model of whatever they want!


The U.S. Government is running a $115.2 Trillion Ponzi scheme, which I call USAPonzi, that is in the process of printing an infinite amount of imaginary-counterfeit money and giving it to the current Americans!


When people have an essentially unlimited and exponentially-increasing amount of money to spend, they tend to buy more and more upscale products! When this Ponzi scheme implodes, we will have to start buying stuff with real earned income and we will need these stores that sell the basics at affordable prices!


One can see the impact of this transition to upscale and frivolous products by walking through some of our malls here in the United States! The number of stores that sell the basic necessities in what we used to call general stores and department stores, are decreasing and the number of stores that sell specialty, upscale, and frivolous products and services are increasing!


Americans are spending more and more of their money on “wants” and less and less on “needs” because the U.S. Government keeps printing more and more imaginary-counterfeit money!


When this Ponzi scheme implodes and this imaginary-counterfeit money evaporates, America will return to a real economy based on real earned income and we will need these “old style” stores like Sears, Kmart, and JCPenny that sell basic needs products that the working man/woman can afford.


For the 49 years that this Ponzi scheme has been operating, we have been living in a fantasy economy that has gotten progressively more cushy for Americans! The U.S. Government is printing more and more imaginary-counterfeit money so Americans can buy more and more stuff and can buy more and more upscale and frivolous stuff and defer payment to the future Americans!


USAPonzi is a progressive fraud, it gets bigger faster as time moves on, because the corrupt and criminal U.S. Government must pay interest on the amount that it has fraudulently borrowed from the future Americans! This is just like what happens to your credit card bill when you don't make your monthly payment, the amount due increases at an exponentially increasing rate because of compound interest! The corrupt and criminal U.S. Government has not made a principal payment on its credit card for the last 49 years!


The corrupt and criminal U.S. Government now has $115.2 Trillion on its credit card and the U.S. upper class has been fraudulently given $115.2 Trillion of imaginary-counterfeit money!


America and the entire planet are in for a massive economic and financial discontinuity when this Ponzi scheme implodes!


Hopefully, this fiscal and accounting fraud will be exposed before we destroy all of real economy businesses, institutions, assets, and human values that we will need so desperately when this fantasy economy evaporates!


This fiscal and accounting fraud is causing us to buy, build, and operate a lot of physical assets that will not be productively used in a sustainable economy that honest accounting by the U.S. Government will produce! We have too may cars, airplanes, houses, apartments, condos, office buildings, restaurants, banks, etc. etc. because we are buying, building, and renting them with the imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans! $115.2 Trillion of imaginary-counterfeit money is a lot of money!


This Ponzi scheme fiscal policy is destroying the real world businesses like Sears, Kmart, and JCPenny because Americans are spending their imaginary-counterfeit money to buy more and more upscale and frivolous stuff from places like Amazon, Apple, Nike, Lululemon, Toyota, Tesla, Netflix, Facebook, Goggle, Dallas Cowboys, Nieman Marcus, and Tiffany's because the U.S. Government is printing more and more imaginary-counterfeit money every day!


Because the U.S. Government is running a classic Ponzi scheme, Americans have an infinite stream of imaginary-counterfeit money to buy an infinite stream of increasingly upscale stuff.


GAAP Accounting with a balanced GAAP basis budget restricts the amount of purchases Americans can make to only those that we can rationally pay for with real earned income! GAAP Accounting informs us that the U.S. Government has fraudulently borrowed $115.2 Trillion (US Unfunded Future Liabilities (GAAP)) from the future Americans and given to the U.S. upper class to produce the Ponzi scheme fiscal policy that I call USAPonzi!


Because the U.S. Government is operating its fiscal policy with Cash Accounting, it is “Katy bar the door”! The U.S. Government is fraudulently borrowing an unending and ever-increasing stream of imaginary-counterfeit money from the future Americans so the current Americans can buy an unending and ever-increasing stream of increasingly upscale stuff with imaginary-counterfeit money!


We have big trouble ahead when this Ponzi scheme implodes!


Americans are buying champagne on a beer budget because the U.S. Government is corrupt by not using proper GAAP Accounting!


USAPonzi
is a $115.2 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 $115.2 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 ($115.2 Trillion) fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.

 

National Debt  $21.7 Trillion 
Cash Deficit in FY2019  $0.82 Trillion 
GAAP Deficit in FY2019 
$6.06 Trillion 
US Unfunded Future Liabilities  $93.5 Trillion 
US Unfunded Liabilities (GAAP)  $115.2 Trillion 
Imaginary-Counterfeit Money 
$115.2 Trillion 
Total National Assets 

$149.5 Trillion 

Source: www.usdebtclock.org Oct 20, 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 668 commentaries since March 29, 2013 in an attempt to explain and expose this massive U.S. Government fraud!


This is the biggest ($115.2 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