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

Tesla-The Imaginary Car!
February 1, 2017  Emailed to WSJ/NYT/DMN on February 1, 2017


The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that provides further explanation of the Ponzi scheme fiscal policy (USAPonzi) that the U.S. Government has been operating since FY1969 which has produced Tesla-The Imaginary Car.


Tesla-The Imaginary Car!

February 1, 2017


Tesla is an imaginary car! Tesla is an amazing example of technology and automotive excellence that demonstrates what can be made possible with unlimited resources. But Tesla is just another example of the economic and financial disasters that have been produced by the U.S. Government fiscal and accounting fraud that I call USAPonzi. The U.S. Government is creating an unlimited amount of money by fraudulently borrowing imaginary-counterfeit money from the future Americans with GAAP basis deficit spending.


The U.S. Government is creating money out of "thin air" and giving it to the current Americans so we can buy stuff we cannot afford. Because of this fraud, we are filling our roads with cars that we are expecting the future Americans to pay for. The U.S. Government has been very careful to give most of this money to themselves and especially their U.S. upper class friends by undertaxing them. This fraud has, so far, created $105.0 Trillion of imaginary-counterfeit money that the U.S. upper class can use to buy really special cars.


In fact, the U.S. upper class has so much money they can buy these cars like they are a "bag of popcorn" which by the way has also seen its price escalate dramatically over the last 48 years because of this same U.S. Government fraud (See Inflation-A Byproduct of USAPonzi). The U.S. Government has given the current Americans $105.0 Trillion by borrowing it from the future Americans, but most of this money ends up in the pockets of the U.S. upper class.


U.S. Government fraud has made "the car of the future", "Tesla", available today by fraudulently borrowing $105.0 Trillion from the future Americans with fiscal and accounting fraud.


When USAPonzi implodes, Elon Musk is going to have a giant manufacturing plant and a giant battery factory sitting idle that has the ability to create these futuristic cars. We will not be able to buy these imaginary cars when the U.S. Government realizes that it can not keep on producing this imaginary-counterfeit money. But at least Tesla will have the virtual capability to make these imaginary cars and make them in the United States of America if we just had the money to pay for them.


The amount borrowed from the future Americans is shown in the following table as US Unfunded Liabilities (GAAP) which has created this monopoly money that I call imaginary-counterfeit money.

 

National Debt 
$20.0 Trillion 
Cash Deficit in FY2017  $0.59 Trillion 
GAAP Deficit in FY2017  $5.63 Trillion 
US Unfunded Future Liabilities  $85.0 Trillion 
US Unfunded Liabilities (GAAP)   $105.0 Trillion 
Imaginary-Counterfeit Money  $105.0 Trillion 
Total National Assets  $127.7 Trillion 

Source: www.usdebtclock.org February 1, 2017


The only way to eliminate this fraud is to adopt GAAP Accounting and commit to a balanced GAAP basis budget.


When the global economy and the global financial system finally accept the fact that the U.S. Government is corrupt and is operating a massive Ponzi scheme, we are in for a massive global depression and an epic failure of the global monetary system and the global banking system (See The Implosion of USAPonzi).


At that point, we will realize that these Tesla engineering marvels are just imaginary "dream cars" that very few people can afford!


I have published another website www.usaponzi.net that I think better explains how this fraud works to create a massive global wealth and income gap between the haves and the havenots and to create false wealth and prosperity for the current Americans.


This fraud is explained in CliffsNotes format (USAPonzi CliffsNotes) and is also explained in much more detail on my website www.usaponzi.com and in my book “USAPonzi” which is available on Amazon in Kindle and Paperback formats and on my www.usaponzi.net website in both Kindle and PDF formats.


This is the biggest ($105.0 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