USAPonzi-The Biggest Ponzi Scheme on the Planet-The U.S. Government

                    Copyright Declaration                                                                                                                                       John W. White    March 29, 2013

Social Injustice Gap of $284 Trillion 210913
September 13, 2021
Emailed to United Nations, Fed Chair Jay Powell, Minneapolis Fed President Neel Kashkari, Dallas Fed President Robert Kaplan, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, The U.S. SEC, NYT/WSJ/WP/CNBC/DMN on 9/13/21


I am a whistleblower! The U.S. Government is corrupt!


In this commentary, I will explain how the corrupt U.S. Government is committing a fiscal and accounting fraud that is causing colossal social injustice!


The corrupt U.S. Government is “cooking the books” to enrich America by cheating the rest of the planet and to enrich the U.S. upper class by cheating the U.S. general public!


social injustice

injustice in terms of the distribution of wealth, opportunities, and privileges within a society.


The corrupt U.S. Government is fraudulently enriching the U.S. upper class (by $156.4 Trillion) and cheating the U.S. general public (by $127.6 Trillion)!


The corrupt U.S. Government is operating with a fiscal policy that is inconsistent with the future benefit commitments that it has made to the U.S. general public! The corrupt U.S. Government has committed to pay social security benefits, pensions, veteran benefits, Medicare benefits, Medicaid benefits, and other benefits to the U.S. general public but is not accruing the money to pay these future benefits!


The corrupt U.S. Government is committing a fiscal and accounting fraud, I call it USAPonzi, by not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting) that would accrue the money to pay these future benefit promises!


Because the corrupt U.S. Government is not accruing for these future benefits, the U.S. upper class has been undertaxed and enriched by $156.4 Trillion (US Unfunded Liabilities (GAAP))!


B
ecause the corrupt U.S. Government is not accruing for these future benefits, these future benefits have been unfunded and the U.S. general public has been cheated out of $127.6 Trillion (US Unfunded Future Liabilities) of promised future benefits!


The corrupt U.S. Government has enriched the U.S. upper class by $156.4 Trillion by cheating the U.S. general public out of $127.6 Trillion!


This accounting fraud was started in FY1969 when the corrupt U.S. Government adopted the fraudulent Unified Budget so the corrupt U.S. Government has been lying to and cheating the U.S. general public for nearly 53 years by promising future benefits but not funding these future benefit promises!


The corrupt U.S. Government has created a Social Injustice Gap between the U.S. upper class and the U.S. general public of $284.0 Trillion! The U.S. upper class has gained $156.4 Trillion because of this accounting fraud and the U.S. general public has lost $127.6 Trillion because of this accounting fraud! (Social Injustice Gap = $156.4T + $127.6T = $284.0T)!


The corrupt and criminal U.S. Government has purposely and fraudulently made the U.S. upper class filthy rich by devastating the U.S. general public!


The corrupt and criminal U.S. Government has fraudulently given the U.S. upper class a cushy even opulent lifestyle while destroying the lives of much of the U.S. general public!


How can we ever trust the corrupt and criminal U.S. Government when the corrupt and criminal U.S. Government is willing to enrich the rich by cheating the poor for now nearly 53 years and for a $284.0 Trillion economic advantage for the rich over the poor?


 

US National Debt  $28.8 Trillion 
Cash Deficit in FY2021  $3.10 Trillion 
GAAP Deficit in FY2021 
$17.74 Trillion 
US Unfunded Future Liabilities  $127.6 Trillion 
US Unfunded Liabilities (GAAP)  $156.4 Trillion 
Imaginary-Counterfeit Money 
$156.4 Trillion 
US Total National Assets 

$177.8 Trillion 

Source: www.usdebtclock.org September 13, 2021


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


My commentary Fed-Asleep At The Switch 210901 gives a summary of the issues that this Ponzi scheme/accounting fraud is causing!


John W. White

Plano, TX