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

Stealing from the Future Americans!
September 15, 2016


By fraudulently stealing money from the future Americans, the United States of America has become the "Planet Bully" and the "Planet Cheat"!


The U.S. Government is stealing money from the future Americans to dramatically improve the life style of the current Americans. The U.S. Government has already stolen $103.5 Trillion from the future Americans so that they can overpay themselves and so that they can dramatically enhance the wealth of the U.S. upper class. The U.S. Government has stolen $103.5 Trillion of imaginary money from the future Americans to give to the U.S. upper class simply by undertaxing them (US Unfunded Liabilities (GAAP)). The future Americans do not have $103.5 Trillion so this U.S. Government fiscal policy is a massive fraud! This is a classic Ponzi scheme that I have named USAPonzi; the current Americans are getting paid and getting rich with imaginary-counterfeit money stolen from the future Americans.


The U.S. Government is "Cooking the Books" to conceal this fraud. The U.S. Government is operating the U.S. Government's finances with a corrupt and fraudulent fiscal policy by using Cash Accounting rather than the proper GAAP Accounting and is also overspending on a Cash basis. This fiscal policy is a classic Ponzi scheme that is fraudulently deferring an ever increasing amount of public liabilities to the future Americans by undertaxing the current Americans. To date, the U.S. Government has deferred $103.5 Trillion (US Unfunded Liabilities (GAAP)) to the future Americans. This is a $103.5 Trillion U.S. Government fraud! The U.S. Government is stealing $5.71 Trillion (GAAP Deficit) from the future Americans in FY2016.


This Ponzi scheme is creating an ever expanding bubble of imaginary-counterfeit money that I call "The Oswald Financial Bubble". The Oswald Financial Bubble of imaginary-counterfeit money produced by GAAP basis deficit spending is appearing to produce massive wealth and prosperity in the United States and throughout the planet.


The following data was extracted from www.usdebtclock.org as of September 15, 2016 and is the financial basis for this commentary.

 

National Debt  $19.5 Trillion 
Cash Deficit in FY2016  $0.58 Trillion 
GAAP Deficit in FY2016  $5.71 Trillion 
Unfunded Future Liabilities  $84.0 Trillion 
US Unfunded Liabilities (GAAP)  $103.5 Trillion 
Imaginary-Counterfeit Money  $103.5 Trillion 
Total National Assets    $123.4 Trillion 

Source: www.usdebtclock.org September 15, 2016


The U.S. Government is corrupt!


The U.S. Government is Cooking the Books!


The U.S. Government is using Cash Accounting rather than the proper GAAP Accounting!


The U.S. Government has undertaxed the current Americans by $103.5 Trillion (US Unfunded Liabilities (GAAP))!


The future Americans now owe the U.S. Government $103.5 Trillion which they can never pay!


The current Americans are being undertaxed by $5.71 Trillion (GAAP Deficit) in FY2016!


The U.S. Government is stealing money from the future Americans that the future Americans do not have so they are stealing imaginary-counterfeit money to give to the current Americans!


This is fiscal and accounting fraud!


The senior U.S. Government officials are criminals
because they are responsible for this fraud!


The senior U.S. Government officials are lining their own pockets with imaginary-counterfeit money that they themselves have stolen from the future Americans (See The Clinton Fraud).


The senior U.S. Government officials are dramatically lining the pockets of their upper class friends with imaginary-counterfeit money that they have stolen from the future Americans!


The U.S. Government has promised the U.S. citizenry that if they will pay into the Social Security and Healthcare systems, the U.S. Government will pay Social Security and Healthcare benefits to them in the future. The U.S. Government has not set aside this money for that purpose but rather has already spent every "paid in penny" for general operating expenses including overpaying themselves. The U.S. Government has stolen money from the Common Man to overpay themselves and enrich their upper class friends! These future benefits are now underfunded by $84.0 Trillion (Unfunded Future Liabilities)! The U.S. Government is cheating the Common Man by promising social benefits but not funding one penny of these future promises!


The U.S. Government, by incurring public liabilities of $103.5 Trillion, has created $103.5 Trillion of imaginary-counterfeit money and $103.5 Trillion of imaginary-counterfeit wealth (See The Theory of Imaginary Money).


The U.S. Government is filled with a bunch of scoundrels, liars, and cheaters that are perpetrating this fraud!


The U.S. upper class is not getting wealthy from honest and productive economic activity! The U.S. upper class is getting wealthy from U.S. Government fiscal and accounting fraud that has stolen $103.5 Trillion of imaginary-counterfeit money from the future Americans and given it to the U.S. upper class!


Because of this fraud, the U.S. Government, the U.S. corporations, and the U.S. citizens are buying stuff from each other and from the rest of the planet with imaginary-counterfeit money that the U.S. Government has stolen from the future Americans. We are writing "hot checks" to each other and to the rest of the planet to buy stuff we cannot afford (See Filling the Planet with Junk!).


The U.S. Government started this fraud/Ponzi scheme in FY1969. The U.S. Government will have been perpetrating this fiscal and accounting fraud for 48 years on Oct 1, 2016!


The apparent economic, financial, political, and military exceptionalism of the United States of America is all a hoax created by U.S. Government fraud and corruption! Creating $103.5 Trillion of imaginary-counterfeit money out of "thin air" is what is producing this illusion of wealth and prosperity for America and Americans!


The United States of America has become the "Planet Bully" and the "Planet Cheat" because of this U.S. Government fraud and corruption!


When this Ponzi scheme implodes (See The Implosion of USAPonzi) this imaginary-counterfeit money will evaporate into the "thin air" from whence it came!


You can learn more about this fraud/Ponzi scheme by reading my website www.usaponzi.com or better yet by reading my book "USAPonzi" which is available on Amazon and also on my website in PDF format.


This is the biggest ($103.5 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and "The Biggest Ponzi Scheme on the Planet"!