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

The U.S. Government is stealing from the future Americans!
May 21, 2017    Emailed to WSJ/NYT/DMN on May 21, 2017


The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains how the U.S. Government is using a fraudulent fiscal policy and accounting system that is stealing from the future Americans, the rest of the planet, and the U.S. Common Man  to enrich the U.S. ruling class and to colossally enrich the U.S. upper class.


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 U.S. Government is stealing from the future Americans!

May 21, 2017


The U.S. Government is stealing from the future Americans, the rest of the planet, and the U.S. Common Man to enrich the U.S. ruling class and to colossally enrich the U.S. upper class!


The U.S. Government has borrowed/stolen $106.2 Trillion from the future Americans and given it to the U.S. upper class!


The U.S. Government is corrupt!


The U.S. Government is "cooking the books"!


The senior officials of the U.S. Government are scoundrels, liars, and cheaters!


The senior officials of the U.S. Government are common criminals!


The U.S. Government IS NOT OPERATING its current fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting)!


The U.S. Government IS OPERATING a massive ($106.2 Trillion) Ponzi scheme (USAPonzi)!


The U.S. Government is creating imaginary-counterfeit money out of "thin air" by operating with Cash Accounting!


The U.S. Government is borrowing imaginary-counterfeit money from the future Americans and giving it to their friends, the U.S. upper class, by undertaxing them!


The U.S. Government has fraudulently borrowed $106.2 Trillion from the future Americans, money that the future Americans do not have, and has given it to the U.S. upper class!


The U.S. Government has given the U.S. upper class $106.2 Trillion!
The U.S. Government has given the U.S. upper class $106.2 Trillion!
The U.S. Government has given the U.S. upper class $106.2 Trillion!


The U.S. Government has just flat given the U.S. upper class $106.2 Trillion of imaginary-counterfeit money by deferring $106.2 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans that can never be paid.


The U.S. Government has actually and fraudulently created the U.S. upper class out of "thin air" by giving them $106.2 Trillion.


The elite in America have fraudulently enriched themselves by cooking the books!


The U.S. Government has overpaid the U.S. ruling class by $19.9 Trillion (National Debt)!


The U.S. Government has underfunded the U.S. Government benefit promises to the U.S. Common Man by $86.3 Trillion (US Unfunded Future Liabilities)!


The U.S. Government has given the current Americans $106.2 Trillion (US Unfunded Liabilities (GAAP)) of imaginary-counterfeit money so that we can buy stuff from the rest of the planet with this imaginary-counterfeit money!


We are buying 17+ million cars this year, from all over the planet, with imaginary-counterfeit money that has been fraudulently borrowed from the future Americans!


We are building and buying houses, luxury apartment buildings, and luxury condo towers with imaginary-counterfeit money that has been fraudulently borrowed/stolen from the future Americans!


We are buying and operating our cell phones with imaginary-counterfeit money that has been fraudulently borrowed/stolen from the future Americans


We are buying and building almost everything we own, use, and consume with imaginary-counterfeit money that has been fraudulently borrowed/stolen from the future Americans!


$106.2 Trillion of imaginary-counterfeit money that has been fraudulently borrowed (stolen) from the future Americans can buy a lot of stuff!


The U.S. Government does this by using Cash Accounting rather than the proper GAAP Accounting and by not balancing the U.S. Government budget!


This is absolutely the biggest crime that has ever been committed, a $106.2 Trillion crime!


This crime is produced because the U.S. Government is fraudulently borrowing (stealing)
imaginary-counterfeit money from the future Americans and giving it to the current Americans. The problem is the future Americans do not have $106.2 Trillion!


This fraud has already produced $106.2 Trillion of imaginary-counterfeit money and is producing another $15.26 Billion every day!


Who will it be that finally exposes this $106.2 Trillion fraud/Ponzi scheme?

 

National Debt    $19.9 Trillion 
Cash Deficit in FY2017  $0.59 Trillion 
GAAP Deficit in FY2017 
$5.57 Trillion 
US Unfunded Future Liabilities  $86.3 Trillion 
US Unfunded Liabilities (GAAP)  $106.2 Trillion 
Imaginary-Counterfeit Money 
$106.2 Trillion 
Total National Assets 
$131.6 Trillion 

Source: www.usdebtclock.org May 21, 2017


This U.S. Government 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.


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.


This is the biggest ($106.2 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and it is "The Biggest Ponzi Scheme on the Planet"!


John W. White

Plano, TX