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

The Primary Reason Terrorists hate America!
May 23, 2017     Emailed to WSJ/NYT/DMN on May 24, 2017


The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains why terrorists hate America. Terrorists hate America because the U.S. Government is corrupt. Because the U.S. Government is corrupt, Americans live a lifestyle that is fraudulently elevated relative to the rest of the planet. Because the U.S. Government is corrupt, the United States of America has become the "planet bully"!


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 Primary Reason Terrorists hate America!

May 23, 2017


I contend that the terrorists hate America because of the opulent and extravagant lifestyle of Americans that has been produced by the fraudulent fiscal policy and accounting system of the U.S. Government.


The primary reason that terrorists hate America is because the U.S Government is corrupt. The U.S. Government is operating with a fraudulent accounting system that is dramatically elevating the lifestyle of all Americans and is colossally elevating the lifestyle of the U.S. upper class. Many other parts of the planet resent the fact that we as Americans can live such opulent lifestyles. Many of the oppressed Common Man in the United States also resent the fact that the U.S. upper class appears to have it so good.


This fraud is caused by the U.S. Government operating its fiscal policy with Cash Accounting rather than the proper GAAP Accounting. The U.S. Government is printing counterfeit money and giving it to the U.S. upper class; $106.2 Trillion worth of counterfeit money. The U.S. Government is borrowing imaginary-counterfeit money from the future Americans and giving it to the current Americans. The rest of the planet resents the fact that we in America are living the "Life of Riley" by printing $106.2 Trillion of imaginary-counterfeit money.


We have been doing this for 48 years
and every year the U.S. Government tends to print more imaginary-counterfeit money than they did the year before so the rest of the planet is about "fed up" with this cheating. They may not yet know that we are cheating, but they still resent the fact that Americans can buy, build, and consume a lot more than others on the planet because the U.S. Government has printed $106.2 Trillion worth of imaginary-counterfeit money by borrowing it from the future Americans and giving it to the current Americans.


By operating with Cash Accounting, the U.S. Government is not taxing the U.S. upper class to fund the future benefit promises, that the U.S. Government has made to the general public, so the U.S. upper class has gotten rich because they have been undertaxed by $106.2 Trillion (US Unfunded Liabilities (GAAP)). GAAP basis deficit spending creates imaginary-counterfeit money and the U.S. upper class gets most of this $106.2 Trillion of imaginary-counterfeit money. The U.S. upper class is appearing to get richer and richer because the U.S. Government has so far borrowed $106.2 Trillion of imaginary-counterfeit money from the future Americans.


The global economy is operating on $106.2 Trillion of imaginary-counterfeit money that the U.S. Government has pretended to borrow from future Americans.


This is like the little boy that told his parents that he had sold his precious puppy for $500. His parents ask him to show them the $500. His response was that he really did not get the $500, he traded his puppy for 2 $250 kittens from the neighbor girl. We have been buying and selling stuff for 48 years with the imaginary-counterfeit money that the U.S. government is fraudulently borrowing from the future Americans.


The United States of America has become the "planet bully" because we are printing money so that we can buy more instruments of war than most other countries can afford to buy. We like to think of ourselves as the "planet policeman" but we are really just the "planet bully" because of this accounting fraud. We could not afford all of these fighter planes, aircraft carriers, nuclear submarines, standing armies, etc. etc. without the imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans. Countries and terrorists are getting tired of the U.S. bombing them with bombs that have been purchased with imaginary-counterfeit money that are being dropped from planes that have been purchased with imaginary-counterfeit money.


Author's Note: The $110 Billion arms deal that President Trump just announced with Saudi Arabia is a good example of the use of this imaginary-counterfeit money. The  U.S. Government borrowed money from the future Americans so that the current Americans can buy oil from Saudi Arabia so that Saudi Arabia can buy arms from the United States.


Some of this resentment spills over to other parts of the "Western World" because this U.S. Government fraud is also elevating the lifestyle of other parts of the planet because we are spending our imaginary-counterfeit money all over the planet. This second order effect of this imaginary-counterfeit money is elevating the lifestyle in other parts of the planet. This fraud is enriching the Saudi Princes, Chinese business men, Carlos Slim, Vladimir Putin, Warren Buffett, Bill Gates, the Walton family, Donald Trump, and upper class folks all over the planet. $106.2 Trillion of imaginary-counterfeit money can enrich a lot of folks!


The opulent living of the "Western upper class" is resented by the terrorists to the point that they are prepared to express this resentment with physical acts of terror! And ironically, this U.S. Government fraud is also financing this terrorist activity. If the U.S. Government was using honest accounting, neither we nor they would have near as much money to wage war or conduct acts of terrorism.


The U.S. Government is corrupt!


The U.S. Government is "cooking the books"!


The U.S. Government IS NOT OPERATING its current fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting)!


The U.S. Government IS OPERATING a massive ($106.2 Trillion) Ponzi scheme (USAPonzi)!


The U.S. Government is creating imaginary-counterfeit money out of "thin air" by operating with Cash Accounting!


This fraud has already produced $106.2 Trillion of imaginary-counterfeit money and is producing another $15.26 Billion every day!


Because the future Americans have an infinite amount of imaginary-counterfeit money that the U.S. Government can fraudulently borrow, the U.S. upper class can get really rich and we can buy a lot more bombs, planes, and warships to further irritate the terrorists.

 

National Debt    $19.9 Trillion 
Cash Deficit in FY2017  $0.59 Trillion 
GAAP Deficit in FY2017 
$5.57 Trillion 
US Unfunded Future Liabilities  $86.3 Trillion 
US Unfunded Liabilities (GAAP)  $106.2 Trillion 
Imaginary-Counterfeit Money 
$106.2 Trillion 
Total National Assets 
$131.7 Trillion 

Source: www.usdebtclock.org May 23, 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 ($106.2 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