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

The U.S. Government is "Cooking the Books"!
June 9, 2017     Emailed to the WSJ/NYT/DMN on 6/9/17


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 "Cooking the Books"!


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 U.S. Government is "Cooking the Books"!
June 9, 2017


The U.S. Government is "Cooking the Books"! The U.S. Government is corrupt! The U.S. Government is committing fiscal and accounting fraud to enrich itself and to colossally enrich the U.S. upper class! The U.S. Government is using a fraudulent accounting system (Cash Accounting) to effect this fraud! The U.S. Government is not using Generally Accepted Accounting Principles (GAAP Accounting)! The senior U.S. Government officials are common criminals! The U.S. Government is running a classic Ponzi scheme, I call it USAPonzi! The U.S. Government has borrowed $106.4 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class! This is fraud because the future Americans do not have $106.4 Trillion!


This fraud, if it is allowed to continue, will borrow an infinite amount of imaginary-counterfeit money from the future Americans and give it to the U.S. upper class! This money is imaginary money because it does not exist! This money is counterfeit money because it can never be paid. The U.S. upper class is appearing to get richer and richer because the U.S. Government is "Cooking the Books"!


The U.S. upper class is appearing to get super rich with imaginary-counterfeit money because they have been undertaxed by $106.4 Trillion (US Unfunded Liabilities (GAAP)) over the last 48 years!


The U.S. ruling class is getting rich because the U.S. Government has skimmed off $19.9 Trillion (National Debt) of this imaginary-counterfeit money to overpay itself!


The U.S. Common Man is getting screwed because the U.S. Government has promised U.S. Government  benefits of $86.5 Trillion (US Unfunded Future Liabilities) that the U.S. Government has not funded!


The rest of the planet is getting screwed because Americans are buying stuff from them with this $106.4 Trillion of imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans!


The U.S. Government is being run by a bunch of scoundrels, liars, and cheaters!


The U.S. Government is "Cooking the Books"! The U.S. Government has undertaxed the U.S. upper class by $5.56 Trillion in FY2017 on a GAAP basis giving the U.S. upper class $5.56 Trillion of imaginary-counterfeit money just this fiscal year! The U.S. Government is "Cooking the Books" by reporting a Cash Deficit of $0.57 Trillion when our "real deficit" is a GAAP Deficit of $5.56 Trillion!


Donald Trump, Bill Clinton, and Hillary Clinton are not the only liars in the U.S. Government!


We must have Truth in the U.S. Government!

 

National Debt    $19.9 Trillion 
Tax Revenue FY2017  $3.36 Trillion 
Cash Tax Revenue due FY2017  $3.87 Trillion 
Cash Deficit in FY2017 
$0.57 Trillion 
GAAP Tax Revenue due FY2017  $8.92 Trillion 
GAAP Deficit in FY2017 
$5.56 Trillion 
US Unfunded Future Liabilities  $86.5 Trillion 
US Unfunded Liabilities (GAAP)  $106.4 Trillion 
Imaginary-Counterfeit Money 
$106.4 Trillion 
Total National Assets 
$132.2 Trillion 

Source: www.usdebtclock.org Jun 9, 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 ($106.4 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