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

Social Injustice of $204 Trillion!
April 6, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 4/6/18


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post” and “The Dallas Morning News” that explains how U.S. Government fiscal and accounting fraud has created “Social Injustice of $204 Trillion”! U.S. Government fraud has produced a $204 Trillion economic divide between the haves and the have-nots in the United States of America!


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!


Social Injustice of $204 Trillion! 

April 6, 2018


The U.S. Government has enriched the U.S. upper class by $112.7 Trillion!
The U.S. Government has cheated the U.S. general public by $91.6 Trillion!


U.S. Government fiscal and accounting fraud has created a $204.3 Trillion economic divide between the U.S. upper class and the U.S. general public! The U.S. Government is not using accrual accounting and therefore is not properly accruing for future benefit promises to the U.S. general public! This fraud is enriching the U.S. upper class and is cheating the U.S. general public!


Because of this U.S. Government fiscal and accounting fraud, America has transitioned from a supposed democracy to an eliteocracy!


social justice
noun
justice in terms of the distribution of wealth, opportunities, and privileges within a society.


social injustice
noun
the absence of social justice.


The U.S. Government is perpetrating a fiscal and accounting fraud that is causing massive “social injustice” between the U.S. upper class and the U.S general public!


The U.S. Government is perpetrating this fiscal and accounting fraud by not operating its fiscal policy with accrual accounting (GAAP Accounting)! The U.S. Government is promising future benefits to the U.S. general public but is not using accrual accounting to properly accrue the money to pay for these future benefit promises.


Because of this fiscal and accounting fraud, the U.S. Government is promising benefits to the U.S. general public of $91.6 Trillion (US Unfunded Future Liabilities) that it has not funded and has undertaxed the U.S. upper class by $112.7 Trillion (US Unfunded Liabilities (GAAP)). The U.S. Government has made the fiscal policy decision to promise Government benefits to the U.S. general public but is not properly funding these promises so that it can undertax and enrich the U.S. upper class!


The corrupt and criminal U.S. Government has enriched the U.S. upper class by $112.7 Trillion, has cheated the U.S. general public out of $91.6 Trillion, and has overpaid the U.S. ruling class by $21.1 Trillion (National Debt)!


The U.S. Government is corrupt!
The U.S. Government is committing a $112.7 Trillion fiscal and accounting fraud!
The U.S. Government has committed a $112.7 Trillion criminal act!
The senior members of the U.S. Government are common criminals!


The corrupt and criminal U.S. Government has made U.S. Government benefit promises to the U.S. general public that it has no intention of keeping because it is not using the proper accounting system! The corrupt and criminal U.S. Government is lying to the U.S. general public! The corrupt and criminal U.S. Government has told the U.S. general public a $91.6 Trillion lie so that it can enrich itself and colossally enrich the U.S. upper class!


The corrupt and criminal U.S. Government has created a $204.3 Trillion social injustice gap by enriching the U.S. upper class and cheating the U.S. general public!


The corrupt and criminal U.S. Government is using fiscal and accounting fraud to create a wealth and income gap between the U.S. upper class and the U.S. general public!


$204.3 Trillion
(social injustice)
= $112.7 (upper class gain) + $91.6 Trillion (general public loss)


This social injustice gap has been created because the U.S. Government is not using proper accrual accounting!


The corrupt and criminal U.S. Government likes the U.S. upper class $204.3 Trillion more than it likes the U.S. general public! This fraud has given the U.S. upper class a gift of $112.7 Trillion so that the wealthy have plenty of money to influence/bribe the U.S. ruling class! This fiscal and accounting fraud and its associated social injustice has transitioned the supposed democracy in America to an eliteocracy!


Is it any wonder that the poor and underprivileged in America are upset with the U.S. Government! In just a short 48 years, the U.S. Government has created a $204.3 Trillion economic divide between the haves and the have-nots within the United States of America by committing fiscal and accounting fraud!


This fraud has borrowed $112.7 Trillion of imaginary-counterfeit money from the future Americans and given it to the U.S. upper class and is pretending like the future Americans can pay the future benefit promises to the U.S. general public! This is a classic Ponzi scheme that I have named USAPonzi!


We have a bunch of scoundrels, liars, cheaters, and criminals running the U.S. Government!


To eliminate this massive ($112.7 Trillion) fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.

 

National Debt  $21.1 Trillion 
Cash Deficit in FY2018  $0.73 Trillion 
GAAP Deficit in FY2018 
$6.00 Trillion 
US Unfunded Future Liabilities  $91.6 Trillion 
US Unfunded Liabilities (GAAP)  $112.7 Trillion 
Imaginary-Counterfeit Money 
$112.7 Trillion 
Total National Assets 

$137.8 Trillion 

Source: www.usdebtclock.org Apr 6, 2018


This fraud/Ponzi scheme (USAPonzi) is also explained on my website www.usaponzi.net and in my third book “USAPonzi3”!


This is the biggest ($112.7 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