SEC Whistleblower Letter #15 200728
July 28, 2020
Sent to SEC/Fed/WSJ/NYT/WP/DMN by U.S. Mail and Email on 7/28/20
The following is my 15th Whistleblower Letter to the U.S. Securities and Exchange Commission (SEC) expressing the complaint that the U.S. Government is committing a fiscal and accounting fraud by not operating its fiscal policy with proper accrual accounting! The U.S. Government is not accruing the money to pay for the future U.S. Government benefit promises to the U.S. general public!
This accounting fraud has fraudulently
enriched the U.S. upper class by $153.5 Trillion
and cheated the U.S. general public by $126.9 Trillion!
I sent this whistleblower letter to both the SEC Chairman and the Fed Chairman since apparently both need to be informed of this accounting fraud! Apparently neither chairman can see, or is willing to admit that they see, that the corrupt U.S. Government is “cooking the books” to fraudulently enrich the U.S. upper class by $153.5 Trillion!
I sent this whistleblower letter to the news media because the news media has a responsibility to inform the U.S. general public that the U.S. general public is being cheated by a corrupt U.S. Government! The corrupt U.S. Government is lying to and cheating the U.S. general public by promising, but not funding, future U.S. Government benefits to the U.S. general public!
SEC Whistleblower Letter #15
July 28, 2020
TO: SEC Chairman Jay Clayton
U.S. Securities and Exchange Commission
100 F Street NE
Washington, DC 20549
Fed Chairman Jay Powell
Federal Reserve Bank of the United States
20th Street and Constitution Avenue NW
Washington, DC 20551
The Editor The Editor
The Wall Street Journal The New York Times
1211 Avenue of the Americas 620 Eighth Avenue
New York, NY 10036 New York, NY 10018
The Editor The Editor
The Washington Post The Dallas Morning News
1301 K Street NW 1954 Commerce Street
Washington, DC 20071 Dallas, TX 75201
FR: John W. White
I am a Whistleblower! This is my 15th letter to the U.S. Securities and Exchange Commission (SEC) expressing the same complaint; the U.S. Government is committing a fiscal and accounting fraud by not operating its fiscal policy with proper GAAP Accounting/accrual accounting!
This letter can be read from my www.usaponzi.com website to activate the hyperlinks.
I sent my first whistleblower letter to the SEC on January 8, 2014 and since that time I have sent 13 more whistleblower letters to the SEC expressing this same complaint! I also sent a formal SEC Tip-Complaint on May 21, 2018 (Number: 15269-876-041 was submitted successfully on Monday, May 21, 2018 at 12:06:01 PM EDT).
I am a Whistleblower! The U.S. Government is corrupt!
The corrupt U.S. Government is not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting)! The corrupt U.S. Government is being run by common criminals that have committed a $153.5 Trillion crime!
Because the U.S. Government is not using proper GAAP Accounting, it is not accruing the money to pay future benefits to the U.S. general public. When the U.S. Government does not accrue the money to pay future benefits to the U.S. general public, the U.S. upper class gets undertaxed and rich! When the U.S. Government does not accrue the money to pay future benefits to the U.S. general public, these future benefits are underfunded, and the U.S. general public gets cheated!
When the U.S. Government does not accrue the money to pay future benefits to the U.S. general public, this has the effect of fraudulently 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!
By not operating its fiscal policy with proper GAAP Accounting, the U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is in the process of fraudulently borrowing an infinite amount of money, I call it imaginary-counterfeit money, from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!
This accounting fraud/Ponzi scheme is creating dramatic inequities in America and throughout Planet Earth (enriching the rich and cheating the unrich)! This accounting fraud/Ponzi scheme is causing severe physical damage to Planet Earth (Global Warming) and is causing severe damage to the health of the people of Planet Earth (Coronavirus Pandemic)!
This accounting fraud is
Enriching the U.S. upper class by $153.5 Trillion as of 7/28/20
Enriching the U.S. ruling class
Cheating the U.S. general public by $126.9 Trillion as of 7/28/20
Cheating the rest of the planet
Causing the Wealth and Income Gap
Causing Social Injustice of $280.4 Trillion as of 7/28/20
Causing the Stock Market Bubble
Causing Global Warming
Causing the Coronavirus Pandemic
Promoting White Supremacy
Causing The Greatest Depression
Destroying Planet Earth
Causing the Death of Planet Earth
The following is a link to my whistleblower letter to the U.S. general public that explains how the U.S. Government is lying to and cheating the U.S. general public by promising them future U.S. Government benefits but is not accruing the money to pay for these benefits!
Whistleblower Letter #1 to the U.S. general public
The following is a link to my July 23, 2020 commentary that explains the devastation and inequity of printing an infinite amount of imaginary-counterfeit money!
Infinite Money, People, and Things 200723
The following is a link to my fifth whistleblower letter to the U.S. Congress in an attempt to expose this fraud and corruption within the U.S. Government!
Whistleblower Letter #5 to the U.S. Congress
As long as the corrupt U.S. Government continues to run this Ponzi scheme that prints imaginary-counterfeit money faster and faster, the upper class will get richer and richer, the stock market will go higher and higher, the general public will get poorer and poorer, Planet Earth will get warmer and warmer, people will get closer and closer, and people will get sicker and sicker!
The following table gives a summary assessment of the U.S. Government financial condition as of July 28, 2020 as estimated by www.usdebtclock.org.
|Cash Deficit in FY2020
|*GAAP Deficit in FY2020
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org July 28, 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 >$27.4 Trillion (>$153.5T-$126.1T = >$27.4T).
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 ($153.5 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Great American Fraud” and “The Biggest Ponzi Scheme on the Planet”!
John W. White