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

Tesla stock price will converge to ZERO 200709
July 9, 2020
Emailed to The United Nations, Fed Chair Jay Powell, St Louis Fed President James Bullard, 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, and NYT/WSJ/WP/DMN/CNBC on 7/9/20.


I am a whistleblower! The U.S. Government is corrupt!
The corrupt U.S. Government is not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting)! The corrupt U.S. Government is being run by common criminals that have committed a $153.1 Trillion crime!


The corrupt U.S. Government has fraudulently borrowed $153.1 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class so the U.S. upper class can buy a whole lot of Teslas!


The corrupt U.S. Government is committing a fiscal and accounting fraud that is a classic Ponzi scheme, I call it USAPonzi, that is fraudulently borrowing money, I call it imaginary-counterfeit money, from the future Americans, money the future Americans do not have, that people all over Planet Earth are using to buy Teslas without having to pay for any of them!


The corrupt U.S. Government is in the process of fraudulently borrowing an infinite amount of money, so far $153.1 Trillion, from the future Americans so we can fill up Planet Earth with Teslas without paying for a single one of them!


People all over Planet Earth are buying Teslas and charging them on the credit card of the future Americans! The credit card of the future Americans currently has a balance due of $153.1 Trillion and, in FY2020, the corrupt U.S. Government is adding >$74.0 Billion a day to that credit card balance!


When this Ponzi scheme implodes, this imaginary-counterfeit money will evaporate, and nobody will be able to buy much of anything!


The moment the corrupt U.S. Government admits to this fiscal and accounting fraud, we will not be buying any cars of any model for many, many years! Plant Earth is being overrun with Teslas and all other brands of cars that we are buying with imaginary-counterfeit money!


I estimate that we have mistakenly purchased 1.12 billion cars with imaginary-counterfeit money that the corrupt U.S. Government has fraudulently borrowed from the future Americans (See Planet Earth Junkyard: 1.12 billion stolen cars 200105)!


Tesla will be worth next to nothing when the corrupt U.S. Government stops borrowing imaginary-counterfeit money from the future Americans and giving it to the U.S. upper class!


A lot of companies that now appear to be worth $Billions, some even more than a $Trillion, will be worth next to nothing when the corrupt U.S. Government starts telling the financial truth!


The corrupt U.S. Government has deferred $153.1 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans which has produced $153.1 Trillion of imaginary-counterfeit money!


GAAP Accounting, properly applied, would not allow the corrupt U.S. Government to borrow more money from the future Americans than the future Americans can reasonably be expected to pay!


The corrupt U.S. Government has gone crazy by borrowing $153.1 Trillion from the future Americans so we can buy a lot of Teslas, airplanes, houses, apartments, condos, etc etc without having to pay for any of these things!


The following is a link to my whistleblower letter to the U.S. general public that explains how the corrupt U.S. Government is enriching the rich and cheating the unrich so we can keep on buying Teslas!


Whistleblower Letter #1 to the U.S. general public

 

The following is a link to my fifth whistleblower letter to the U.S. Congress in an attempt to expose this fraud and corruption within the U.S. Government!


Whistleblower Letter #5 to the U.S. Congress



US National Debt  $26.5 Trillion 
Cash Deficit in FY2020  $2.84 Trillion 
GAAP Deficit in FY2020  >$27.0 Trillion 
US Unfunded Future Liabilities  $126.6 Trillion 
US Unfunded Liabilities (GAAP)  $153.1 Trillion 
Imaginary-Counterfeit Money  $153.1 Trillion 
US Total National Assets  $131.8 Trillion 

Source: www.usdebtclock.org July 9, 2020
*usdebtclock.org has stopped explicitly reporting the GAAP Deficit. The GAAP Deficit is implicitly reported as the change in US Unfunded Liabilities (GAAP)US Unfunded Liabilities (GAAP) were $126.1 Trillion on October 1, 2019 the start date for FY2020, therefore the GAAP Deficit in FY2020 will be >$27.0 Trillion (>$153.1T-$126.1T = >$27.0T).


I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain this accounting fraud and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can be downloaded from my www.usaponzi.net website.


This is the biggest ($153.1 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Great American Fraud” and “The Biggest Ponzi Scheme on the Planet”!


John W. White
Plano, TX