The American Elite Conspiracy?
May 16, 2017 Emailed to WSJ/NYT/DMN May 16, 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 to dramatically enrich themselves and to colossally enrich the U.S. upper class. I contend that the American Elite are conspiring with the U.S. Government to perpetrate this fraud.
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 American Elite Conspiracy?
May 16, 2017
The American Elite (the U.S. upper class and the U.S. ruling class) are being enriched by U.S. Government fraud! The U.S. Government is fraudulently borrowing faux money from the future Americans and giving it to the American Elite.
The U.S. Government is corrupt! The senior officials of the U.S. Government are criminals! The U.S. Government is committing fiscal and accounting fraud by not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting). Because of this fraud the U.S. Government is enriching itself (the U.S. ruling class has been overpaid by $19.9 Trillion) and is colossally enriching the U.S. upper class (the U.S. upper class has been undertaxed by $106.1 Trillion).
The U.S. Government is promising government benefits to the general public but is not taxing the U.S. upper class enough to pay for these government benefit promises. Because of this fiscal and accounting fraud, the U.S. Government has given the U.S. upper class $106.1 Trillion, has overpaid the U.S. ruling class by $19.9 Trillion, and has underfunded the government benefit promises to the U.S. Common Man by $86.2 Trillion.
This is a Ponzi scheme (USAPonzi) that is borrowing a geometrically increasing amount of imaginary-counterfeit money from the future Americans and giving it to the current Americans but the U.S. upper class is getting almost all of this money. The U.S. upper class is appearing to get super rich simply because the U.S. Government is fraudulently borrowing faux money from the future Americans and giving it to the U.S. upper class by undertaxing them. This is fraud because the future Americans do not have $106.1 Trillion. The U.S. Government is imagining that the future Americans can pay an infinite amount of taxes forever. This is a classic Ponzi scheme.
I can only assume that there is a mutual agreement, i.e. a conspiracy, between the U.S. Government and the "American Elite" to conceal and continue this fraud. I call this fraud USAPonzi since it is a classic Ponzi scheme that is being operated by the United States of America.
Author's Note: USAPonzi ($106.1 Trillion) is 2000 times as large as Madoff Ponzi (nominally $50 Billion). In fact, Madoff Ponzi could not have happened without USAPonzi. Madoff was claiming stock market gains with faux money that USAPonzi had fraudulently borrowed from the future Americans. USAPonzi caused Madoff Ponzi, the Internet Bubble, and the Housing Bubble. Corruption breeds corruption!
This fraud is enriching the U.S. ruling class by overspending on a cash basis by $19.9 Trillion!
This fraud is colossally enriching the U.S. upper class by undertaxing them on a GAAP basis by $106.1 Trillion!
This fraud is colossally cheating the U.S. Common Man by underfunding the U.S. Government benefit promises by $86.2 Trillion!
This fraud is colossally cheating the rest of the planet by borrowing $106.1 Trillion of imaginary-counterfeit money from the future Americans and giving it to the current Americans so that current Americans can buy things with this money that is backed only by the future Americans who can never pay it.
The U.S. Government is perpetrating this fraud but the American Elite refuse to expose this fraud that is enriching the American Elite and while cheating the U.S. Common Man and the rest of the planet.
The U.S. Government is being run by a bunch of criminals!
The American Elite are at least co-operating with this U.S. Government fraud and at worst are conspiring with the U.S. Government to perpetrate this fraud!
This fraud is producing imaginary-counterfeit money out of "thin air" and giving it to the American Elite!
This fraud has already produced $106.1 Trillion of imaginary-counterfeit money and is producing another $15.29 Billion every day!
|| $19.9 Trillion
|Cash Deficit in FY2017
|GAAP Deficit in FY2017
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org May 16, 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 ($106.1 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