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

Steal from the Poor and Give to the Rich!
December 9, 2017
Emailed to WSJ/NYT/DMN, the US SEC, and Congressman Pete Sessions on 12/11/17


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times” and “The Dallas Morning News” that explains how the criminal U.S. Government is using accounting fraud to “Steal from the Poor and Give to the Rich”! I am also sending this to the U.S. Securities and Exchange Commission and Congressman Pete Session (R-32nd District of Texas).


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”!


Steal from the Poor and Give to the Rich!
December 9 2017


The U.S. Government is “stealing from the poor and giving to the rich”!


The criminal U.S. Government is “Cooking the Books”!


The U.S. Government is committing fiscal and accounting fraud because it not using “accrual accounting”! The U.S. Government is promising benefits to the U.S. general public but is underfunding these benefit promises so that it can undertax the U.S. upper class and overpay the U.S. ruling class!


The U.S. Government has underfunded the benefit promises to the U.S. general public by $88.6 Trillion (US Unfunded Future Liabilities). The U.S. Government has undertaxed the U.S. upper class by $109.2 Trillion (US Unfunded Liabilities (GAAP)). The U.S. Government has stolen $88.6 Trillion from the U.S. general public and given $109.2 Trillion to the U.S. upper class!


But the entire $109.2 Trillion is imaginary-counterfeit money because the criminal U.S. Government has stealthily borrowed this money from the future Americans and they do not have $109.2 Trillion!


The criminal U.S. Government has simply borrowed $109.2 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class over the last 48 years!


The U.S. Government is being run by a bunch of criminals!


The U.S. Government has also borrowed $20.6 Trillion (National Debt) from the fraudulently enriched upper class so that it can overpay the U.S. ruling class.


The U.S. Government is stealing fake money from the least fortunate and giving to the most fortunate!


The U.S. Government is “Stealing from the Poor and Giving to the Rich”!


But all of these numbers are guesstimates because the U.S. Government has been committing accounting fraud for 48 years! We have absolutely no clue what is really happening or should be happening because of the massive fraud and corruption within the U.S. Government.


All we really know for sure is that the U.S. Government is “Cooking the Books”!


The criminal U.S. Government is borrowing imaginary-counterfeit money from the future Americans and giving it to the U.S. upper class! The U.S. Government is borrowing money from the future Americans, that the future Americans do not have, and giving it to the U.S. upper class! The U.S. Government has assumed $109.2 Trillion of public liabilities and given this $109.2 Trillion to the U.S. upper class!


This is why we have a wealth and income gap! The criminals in Washington, DC have pulled $109.2 Trillion out of a hat and given it to their U.S. upper class friends. And then they have the unmitigated gall to borrow $20.6 Trillion from their fraudulently enriched friends to overpay themselves!


The U.S. Government is committing fiscal and accounting fraud to colossally enrich the U.S. upper class, to dramatically enrich the U.S. ruling class, to colossally steal from the U.S. general public and the poor, and to colossally steal from the rest of the planet!


The U.S. Government is corrupt! The U.S. Government is running a classic Ponzi scheme that I have named USAPonzi! The U.S. Government is not using proper GAAP Accounting so that it can “Steal from the Poor and Give to the Rich”!


The impact that this accounting fraud is having on the global economy may be best explained in Whistleblower Letter #13 that I sent to the U.S. Securities and Exchange Commission on November 25, 2017.


The criminal U.S. Government is perpetrating a fiscal and accounting fraud that is a criminal act so that it can “Steal from the Poor and Give to the Rich!


The criminal U.S. Government is “Cooking the Books”!

 

National Debt  $20.6 Trillion 
Cash Deficit in FY2018  $0.67 Trillion 
GAAP Deficit in FY2018  $5.66 Trillion 
US Unfunded Future Liabilities  $88.6 Trillion 
US Unfunded Liabilities (GAAP)  $109.2 Trillion 
Imaginary-Counterfeit Money  $109.2 Trillion 
Total National Assets  $135.8 Trillion 

Source: www.usdebtclock.org Dec 9, 2017


To eliminate this fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.


I have published a website www.usaponzi.net that explains how this fraud works to create a massive global wealth and income gap between the haves and the have-nots and to create false wealth and prosperity for the current Americans. The www.usaponzi.net website is an introduction to my more detailed website www.usaponzi.com and my books “USAPonzi” (Nov 22, 2015) and “USAPonzi2” (May 1, 2017) which are available on Amazon to better explain this fraud/Ponzi scheme.


This fraud/Ponzi scheme is also explained in “short story style” in my October 1, 2017 commentary USAPonzi CliffsNotes and in my October 8, 2017 commentary USAPonzi Elevator Speech.


This is the biggest ($109.2 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