Social Injustice in America 200121
January 21, 2020
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 1/21/20
The corrupt U.S. Government is causing Social Injustice in America!
The corrupt U.S. Government is enriching the rich and cheating the unrich in America!
In this commentary, I will explain how the U.S. Government has introduced a U.S. Government benefit system to provide a social safety net for the elderly and the underprivileged, healthcare for most Americans, pensions and healthcare for Government employees, and special benefits for veterans and then converted this U.S. Government benefit system into an economic bonanza for the privileged by using fraudulent accounting!
The transition of this U.S. Government benefit system into an economic bonanza for the privileged has caused severe problems for America and the Planet. The U.S. Government pays benefits to the U.S. general public but does not use proper and Generally Accepted Accounting Principles (GAAP Accounting) to tax the U.S. upper class to accrue the money to pay for these benefits!
By not operating the U.S. Government fiscal policy with proper GAAP Accounting, the U.S. Government is running a classic Ponzi scheme that I call USAPonzi!
USAPonzi has enriched the U.S. upper class and cheated the U.S. general public!
USAPonzi has fraudulently enriched the U.S. upper class by $127.8 Trillion (US Unfunded Liabilities (GAAP)) by undertaxing them and cheated the U.S. general public out of $104.6 Trillion (US Unfunded Future Liabilities) of promised future U.S. Government benefits by underfunding them!
USAPonzi has increased the social conflict between the haves and the have-nots in America! The have-nots resent the fact that the haves have gotten rich and that their future benefits have been underfunded!
USAPonzi has increased the social, political, economic, and military conflict between America and the rest of the Planet! The rest of the Planet resents the fraudulent opulence that USAPonzi has given America! $127.8 Trillion can produce a lot of opulence!
USAPonzi has caused the unsustainable urbanization of America and in fact the entire Planet! People are mistakenly moving to the urban areas because they can appear to make a nice living on the imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans!
USAPonzi has caused social disintegration by producing the money ($127.8 Trillion) and free time for Americans to indulge in drugs, alcohol, and other vices and to engage in rather solitary activities like watching videos, playing video games, using social media, etc.
USAPonzi has caused us to fraudulently fill up Planet Earth with cars, airplanes, houses, condos, apartments, roads, airports, cities, etc. etc. Americans are buying stuff with $127.8 Trillion of imaginary-counterfeit money that has been fraudulently borrowed from the future Americans!
USAPonzi has caused us to build and buy things we cannot afford and in the longer term will not be able to effectively use! We are building cities, houses, condos, apartments, support infrastructure, restaurants, banks, cars, trucks, airplanes etc. etc. with imaginary-counterfeit money, and most of these things will be unusable when USAPonzi implodes!
And maybe the most serious problem; USAPonzi is causing Global Warming that is destroying Planet Earth!
The U.S. Government is offering and paying U.S. Government benefits to the U.S. general public that are unaffordable and by undertaxing the U.S. upper class is enriching the U.S. upper class!
The U.S. Government is not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting) which has created Social Injustice in America and has introduced major problems for America and the Planet!
Well intentioned progams, that are fraudulently implemented, can cause very undesirable outcomes!
The following whistleblower letters explain how the U.S. Government is committing a fiscal and accounting fraud to create Social Injustice in America!
Whistleblower Letter #1 to Planet Earth
Whistleblower Letter #4 to Congress
This accounting fraud can only be equitably eliminated by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government!
|Cash Deficit in FY2020
|GAAP Deficit in FY2020
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org January 21, 2020
You can learn more about this fraud/Ponzi scheme by reading my websites www.usaponzi.net and www.usaponzi.com or better yet by reading my sixth book on USAPonzi “USAPonziC” which is available on Amazon.
This is the biggest ($127.8 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Great American Fraud” and “The Biggest Ponzi Scheme on the Planet”!
John W. White