The Clinton Fraud Op-Ed to WSJ/NYT/DMN
August 22, 2016
Emailed to WSJ/NYT/DMN August 23, 2016
The Clinton Fraud!
Bill and Hillary Clinton are criminals! But they are not alone; the majority of the senior officials in the U.S. Government are criminals! The U.S. Government is operating a massive Ponzi scheme to fraudulently transfer massive wealth to the U.S. upper class and the U.S. ruling class while cheating the Common Man and the rest of the planet (See The U.S. Government is Corrupt).
Simply stated, the senior officials in the U.S. Government are criminals because this Ponzi scheme fiscal policy has given the current Americans $103.2 Trillion, primarily to the U.S. upper class, while transferring $103.2 Trillion of public liabilities to the future Americans. That's right, the U.S. Government has borrowed/stolen $103.2 Trillion from the future Americans and given it to the current Americans. This is the biggest crime ever committed!
Bill and Hillary Clinton have exploited this U.S. Government fiscal and accounting fraud (USAPonzi) to amass a family fortune! USAPonzi has created $103.2 Trillion of imaginary-counterfeit money out of "thin air" to provide the imaginary global wealth that allows faux wealthy individuals, faux wealthy corporations, and even foreign countries to contribute to Clinton election campaigns, to pay outrageous speaking fees to Bill and Hillary, to pay outrageous book fees to Bill and Hillary, and to make massive contributions to the Clinton Foundation.
While there are not yet any known direct "pay to play" connections between the Clintons and any of their benefactors, it is a given fact that the Clintons could not have amassed their personal fortune without USAPonzi. The U.S. Government has deferred $103.2 Trillion of public liabilities to the future U.S. taxpayers and undertaxed the current U.S. taxpayers (primarily the U.S. upper class) by $103.2 Trillion which creates $103.2 Trillion of imaginary-counterfeit wealth and no one had to do a thing. $103.2 Trillion is actually quite a lot of money (See How much money is 2.5 Trillion dollars?).
Just think about that for a minute, the U.S. Government has created $103.2 Trillion of imaginary-counterfeit money out of "thin air" with a simple little fiscal and accounting fraud. The future U.S. taxpayers now owe $103.2 Trillion in taxes but the current taxpayers didn't have to pay $103.2 Trillion of taxes so they end up with $103.2 Trillion in their pockets IF you imagine that the future U.S. taxpayers can really pay the deferred tax bill. That is why I call this imaginary money, but the future U.S. taxpayers cannot pay this money so this is counterfeit money. Every dollar of GAAP basis deficit spending becomes an imaginary-counterfeit dollar in the pocket of the U.S. taxpayer that did not have to pay that tax dollar.
The Clintons are now rich because the U.S. Government is Corrupt! Bill Clinton served 8 years as CEO of the U. S. Government that was operating this Ponzi scheme and now he and Hillary are rich because of this fraud. The U.S. Government is committing fiscal and accounting fraud that has given the U.S. upper class a gift of $103.2 Trillion! The U.S. Government is using Cash Accounting rather than the proper GAAP (Generally Accepted Accounting Principles) Accounting which has created a classic Ponzi scheme (USAPonzi) that has fraudulently deferred $103.2 Trillion of public liabilities to the future U.S. taxpayers. This is fraud because these deferred public liabilities can never be paid.
The U.S. Government is making the U.S. upper class appear to be rich by undertaxing them by $103.2 Trillion. This is not your common, ordinary, run-of-the-mill fraud; this is the biggest financial fraud ever perpetrated. The U.S. Government is attempting to conceal this fraud by using an improper accounting system. The following table shows why the use of Cash Accounting rather than the proper GAAP Accounting conceals the magnitude of this this massive U.S. Government fraud. Cash Accounting reports a Cash Deficit of $0.53 Trillion in FY2016 while proper GAAP Accounting reports a GAAP Deficit of $5.72 Trillion. Cash Accounting reports public liabilities (National Debt) of $19.4 Trillion while proper GAAP Accounting reports public liabilities (US Unfunded Liabilities) of $103.2 Trillion.
|Cash Deficit in FY2016
|GAAP Deficit in FY2016
|Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org August 22, 2016
The U.S. Government has borrowed $103.2 Trillion of imaginary-counterfeit money from the future U.S. taxpayers and given it to the current U.S. taxpayers by undertaxing them. The U.S. Government is imagining that the future U.S. taxpayers can come up with $103.2 Trillion to pay these deferred public liabilities making this imaginary money but the U.S. taxpayers cannot even pay for current year spending let alone a ballooning payment due of $103.2 Trillion so this is counterfeit money. This is fraud! This is corruption! The Theory of Imaginary Money is explained in more detail in Chapter 2 of my book "USAPonzi".
This U.S. Government fiscal and accounting fraud was started in FY1969 by Lyndon Baines Johnson and now a former president and a "likely soon to be president" have fraudulently amassed a very large family fortune from the proceeds of this $103.2 Trillion U.S. Government fraud. We do not yet know why entities would be motivated to pay and contribute to the Clintons as much as they have, but we do know that it would not have been possible without the U.S. Government fraud that has created $103.2 Trillion of imaginary money, imaginary prosperity, and imaginary global wealth.
I know that Bill Clinton has said that he will step down from the board of the Clinton Foundation if Hillary is elected president but in my mind the damage has already been done. Amassing a personal fortune on the order of $150 Million and a charitable foundation of $2 Billion based on being a past president while your spouse is in influential positions as a Senator and Secretary of State from a pool of imaginary-counterfeit money that was being created by U.S Government fraud that was operating while you were President of the United States of America creates the optics of many possibilities for people to buy influence. It does not look good for either the Clintons or their benefactors whatever the motivations might have been for the entities that have paid fees or made contributions to the Clintons.
The U.S. Government is fraudulently borrowing imaginary-counterfeit money ($103.2 Trillion to date) from the future U.S. taxpayers to create imaginary-counterfeit global wealth and now Bill and Hillary have taken advantage of this $103.2 Trillion U.S. Government fraud to amass their own family fortune of $150 Million and a $2 Billion charitable foundation. This has produced "The Clinton Fraud"! But unfortunately the Clintons only appear to be rich because this money is imaginary-counterfeit money that will evaporate when USAPonzi implodes (See The Implosion of USAPonzi).
I do not know how the U.S. Government should deal with "The Clinton Fraud" because most of the senior people in the U.S. Government are in the same boat as Bill and Hillary. They have known about the USAPonzi fraud for some time but they have done nothing to "fix that problem" because fixing it destroys their own personal gravy train. How do you bring justice to the people that have pledged to provide justice for all when they themselves are a party to the biggest financial fraud ever perpetrated "USAPonzi The Ultimate Government Fraud".
The U.S. upper class is appearing to get very very rich with imaginary-counterfeit money produced by this U.S. Government fraud that pretends to borrow/steal it from future U.S. taxpayers and the Clintons are getting very rich because some of their grateful benefactors are willing to pay/contribute some the proceeds of this fraud to the Clintons. The global upper class gets $103.2 Trillion and the Clintons take is $2.15 Billion.
To eliminate both this U.S. Government fraud and the Clinton Fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget. I have written a book "USAPonzi", available on Amazon, that explains this Ponzi scheme and its impact on the global economy in much more detail.
John W. White