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

The $664,000 Parking Spot in Hong Kong
June 15, 2017     Emailed to WSJ/NYT/DMN on 6/15/17


The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains how U.S. Government Accounting fraud has created a $664,000 parking spot in Hong Kong!


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 $664,000 Parking Spot in Hong Kong

June 15, 2017


U.S. Government fiscal and accounting fraud has now created a $664,000 parking spot in Hong Kong!


The U.S. Government is corrupt! The U.S. Government is using fraudulent accounting! The U.S. Government is operating with Cash Accounting rather than the proper GAAP Accounting! The U.S. Government is committing fiscal and accounting fraud! The U.S. Government is running a massive Ponzi scheme! The U.S. Government is borrowing money from the future Americans to enrich the U.S. upper class! The U.S. Government is creating money out of "thin air" by borrowing it from the future Americans and giving it to the U.S. upper Class!


Since FY1969 the U.S. Government has borrowed $106.5 Trillion from the future Americans and given it to the U.S. upper class! I call this Ponzi scheme USAPonzi! I call this fraudulently borrowed money "imaginary-counterfeit money"! The U.S. Government is borrowing $15.23 Billion more imaginary-counterfeit money from the future Americans every day (GAAP Deficit in FY2017 = $5.56T/365 = $15.23B).


Now an investment manager in Hong Kong has been able to acquire enough of this $106.5 Trillion of imaginary-counterfeit money to buy a premium parking spot in Hong Kong for $664,000!


The value of this parking spot in Hong Kong will continue to go up as long as this Ponzi scheme continues to operate!


The criminals in Washington DC are causing severe distortion in the global economy! This is just one of the more spectacular ones!


National Debt    $19.9 Trillion 
Cash Deficit in FY2017  $0.57 Trillion 
GAAP Deficit in FY2017 
$5.56 Trillion 
US Unfunded Future Liabilities  $86.6 Trillion 
US Unfunded Liabilities (GAAP)  $106.5 Trillion 
Imaginary-Counterfeit Money 
$106.5 Trillion 
Total National Assets 
$131.6 Trillion 

Source: www.usdebtclock.org Jun 15, 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. 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 is the biggest ($106.5 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