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

Social Disintegration of USAPonzi! 181119
November 19, 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 11/18/18


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 breakdown of the social order in the United States of America is caused by the U.S. Government accounting fraud that I call USAPonzi!


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!


Social Disintegration of USAPonzi! 181119
November 19, 2018


The American welfare state, that is fraudulently supported by U.S. Government fiscal and accounting fraud, is causing a breakdown of the social order in the United States of America.


It is difficult to maintain social harmony when the U.S. Government is fraudulently enriching the elite and oppressing the general public!


Social disintegration
Social disintegration is the tendency for society to decline or disintegrate over time, perhaps due to the lapse or breakdown of traditional social support systems. In this context, society refers to the social order which maintains a society, rather than the political order that defines its boundaries.


The U.S. Government is committing fiscal and accounting fraud by not operating it fiscal policy with proper GAAP Accounting! I call this fraud USAPonzi because it is a classic Ponzi scheme, sponsored by the U.S. Government, that is fraudulently borrowing money from the future Americans, money the future Americans do not have, and giving it to the current Americans, primarily to the U.S. upper class, by undertaxing them!


I call this fraudulently borrowed money “imaginary-counterfeit money” because the U.S. Government “imagines” that the future Americans can pay it some time in the future but it is counterfeit” because the future Americans can never pay it!


This fraud has been operating since FY1969 and currently is borrowing $16.6 Billion of imaginary-counterfeit money a day from the future Americans and giving it to the U.S. upper class! This fraud has now borrowed a total of $115.6 Trillion of imaginary-counterfeit money from the future Americans to colossally enrich the U.S. upper class!


This fraud has destroyed the classic relationship between labor and capital! When the U.S. upper class gets a lot of free money ($115.6 Trillion is a lot of free money) from this fraud for doing nothing they have a lot of free time and a lot of money! When the U.S. general public has “enough money” from this fraud they have a lot of free time and a little extra money!


Idle hands are the devil's workshop!


Americans
have lost the incentive to perform constructive tasks to reap the rewards their own achievements because the corrupt and criminal U.S. Government is printing free money for them with GAAP basis deficit spending! Both the richest and the poorest of our American society are relying on a corrupt and criminal U.S. Government to provide them the money to make their way in the world!


The poorest get welfare benefits and the richest get a “king's ransom”!


Until the U.S. Government starts using an honest accounting system, we will not be able to restore the fair and proper relationship between labor and capital! The U.S. Government has got to start using proper GAAP Accounting (Generally Accepted Accounting Principles) and balance the GAAP basis budget!


Communal constructive achievement builds societal bonds!


Inequality breeds discontent!


Because of this fraud, many in the middle class are choosing a life of idleness because the difference between working and U.S. Government benefits is so small it is not worth working!


This U.S. Government fiscal and accounting fraud is promising, and currently paying, U.S. Government benefits that far, far exceed what is affordable and sustainable.


When people have free time and free money,


they tend to spend time alone and don't engage with others,


they play video games,


they play with their smartphone,


they buy and drink alcohol,


they buy and use drugs,


they buy and use tobacco and e-cigarettes,


they get tattoos and nose rings,


they form gangs and hate groups,


they spend time alone rather than performing constructive work,


they choose not to go to school,


they expect free healthcare,


they expect an increasing minimum wage if they do choose to work!


People are using drugs, alcohol, and other stimulants because they have the free time and the free money to do so! They appear to have the money and the free time because the corrupt and criminal U.S. Government is fraudulently borrowing imaginary-counterfeit money from the future Americans and giving it to the current Americans, primarily the U.S. upper class, by undertaxing them!


Education Inequality


One of the more damning societal impacts of this U.S. Government fiscal and accounting fraud is inequality in education. This accounting fraud is in the process of transferring infinite imaginary-counterfeit wealth to the U.S. upper class! Because of this fraudulent massive wealth transfer to the U.S. upper class, the people in the U.S. upper class are able to pay increasingly outrageous prices for the education of their children!


This fraudulent wealth transfer has created a wave of private schools that are being paid with the imaginary-counterfeit money that USAPonzi is fraudulently borrowing from the future Americans!


We must get back to a public education system through high school that is equitably funded for all Americans!


USAPonzi is enriching the U.S. upper class and oppressing the U.S. general public which is providing outstanding educational opportunities for the privileged and causing severe declines in the quality of education for much of the U.S. general public!


This U.S. Government fiscal and accounting fraud is causing dramatic and mostly detrimental social changes in America that are bifurcating the U.S. population into the haves and the have-nots!


If more people were having to perform constructive tasks to provide for themselves they would be spending their money on needs rather than frivolous wants and distractions! The U.S. Government cannot provide all of the things it is promising because it does not have the money! The corrupt and criminal U.S. Government is printing imaginary-counterfeit money so that it can continue perpetrating this fiscal and accounting fraud! Americans at essentially all economic levels will have to start providing for themselves when this U.S. Government fiscal and accounting fraud is exposed!


This imaginary-counterfeit money, currently $115.6 Trillion, will evaporate into the “thin air” from whence it came when this Ponzi scheme implodes!


Americans are living in an imaginary-counterfeit fantasy world created by a corrupt and criminal U.S. Government!


The corrupt and criminal U.S. Government has created $115.6 Trillion of imaginary-counterfeit money out of “thin air” by fraudulently borrowing it from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!


The American welfare state, that is fraudulently supported by this U.S. Government fiscal and accounting fraud, is causing a breakdown of the societal norms in the United States of America.


The corrupt and criminal U.S. Government is the direct cause of this breakdown of the social order by using a fraudulent accounting system to enrich the upper class and cheat the general public!


A meaningful correlated relationship between labor and capital is a fundamental requirement for equality in human society!


Because of this fiscal and accounting fraud, the U.S. upper class is appearing to get richer and richer by doing nothing and the U.S. general public is getting fed up with this inequality!


The U.S. general public is so fed up with this inequality that they, by a narrow margin, elected Donald Trump to be President because he has promised to "fix" this inequality (See Trump Elected by U.S. Government Fraud)!


Honest accounting will fix the inequality problem but none of us will like the fact that the fix will create a much lower standard of living in America than what USAPonzi has fraudulently provided


USAPonzi is a $115.6 Trillion fraud that is growing by $16.6 Billion a day!


The U.S. Government is borrowing money, $16.6 Billion a day, 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 corrupt!


The senior officials of the U.S. Government are common criminals that have committed a $115.6 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 US 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 ($115.6 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  $0.83 Trillion 
GAAP Deficit in FY2019  $6.06 Trillion 
US Unfunded Future Liabilities  $93.9 Trillion 
US Unfunded Liabilities (GAAP)  $115.6 Trillion 
Imaginary-Counterfeit Money  $115.6 Trillion 
Total National Assets  $150.6 Trillion 

Source: www.usdebtclock.org Nov 19, 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 680 commentaries since March 29, 2013 in an attempt to explain and expose this massive U.S. Government fraud!


This is the biggest ($115.6 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