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 Corrupt! 6/4/17
June 4, 2017       Emailed to WSJ/NYT/DMN on 6/4/17


The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains why the U.S. Government is corrupt!


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 Corrupt! 6/4/17
June 4, 2017


The U.S. Government is corrupt!


The U.S. Government has fraudulently borrowed $106.4 Trillion from the future Americans and given it to the U.S. upper class!


The U.S. Government likes the U.S. upper class a lot more than the general public! $106.4 Trillion more! They make bigger contributions to the election campaigns and foundations and they pay bigger book fees, speaker fees, lobbying fees, board compensation, and employee compensation once the senior government officials have completed their "government service".


The U.S.  upper class is appearing to get super rich because the U.S. Government is borrowing imaginary-counterfeit money from the future Americans so that the U.S. upper class does not have to pay $106.4 Trillion of taxes (US Unfunded Liabilities (GAAP)). The U.S. upper class is appearing to get richer and richer with what will become an infinite amount of fraudulently borrowed imaginary-counterfeit money!


This is fraud because the future Americans do not have $106.4 Trillion!


The U.S. Government is creating imaginary-counterfeit money out of "thin air" by fraudulently borrowing money from the future Americans, that the future Americans do not have, and giving it to the U.S. upper class by undertaxing them.


This is a classic Ponzi scheme!


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!


The U.S. Government is operating with Cash Accounting rather than the proper GAAP Accounting!


The U.S. Government is running a classic Ponzi scheme that I have named USAPonzi!


The U.S. Government has fraudulently borrowed $106.4 Trillion of imaginary-counterfeit money from the future Americans, money that the future Americans do not have and will never have, and has given it to the U.S. upper class by undertaxing them!


The U.S. Government has fraudulently borrowed $106.4 Trillion of imaginary-counterfeit money from the future Americans to give the U.S. upper class $106.4 Trillion of imaginary-counterfeit wealth!


What an easy way to enrich your upper-class friends!


The U.S. Government has created $106.4 Trillion of imaginary-counterfeit wealth for the U.S. upper class simply by borrowing $106.4 Trillion of imaginary-counterfeit money from the future Americans!


The U.S. Government is running a classic Ponzi scheme; pay the current participants in the scheme with money coming in from the future participants! I have named this Ponzi scheme USAPonzi!


The U.S. Government has overpaid itself and overspent by $19.9 Trillion by borrowing imaginary-counterfeit money from the future Americans!


What an easy way to enrich yourself!


The U.S. Government has promised benefits to the general public that it has underfunded by $86.5 Trillion.


What a clever way to hoodwink the U.S. general public! Use fraudulent accounting (Cash Accounting) in an attempt to conceal this fraud.


The U.S. Government has borrowed $106.4 Trillion of imaginary-counterfeit money from the future Americans, money that they do not have, and given it to the current Americans so that they will have plenty of imaginary-counterfeit spending money so that they can fraudulently buy stuff that they cannot pay for.


What an easy way to let Americans buy stuff that they cannot afford!


What an easy way to force the stock market valuation and the price of homes to increase toward infinity! Borrow an exponentially increasing, i.e. infinite, amount of imaginary-counterfeit money from the future Americans and give it to the current Americans (See The Cause of the Internet and Housing Bubbles)!


The U.S. Government is digitally printing imaginary-counterfeit money at the rate of our GAAP basis deficit spending and giving it to the current Americans but the U.S. upper class gets almost all of this imaginary-counterfeit money. This fiscal and accounting fraud, if it is allowed to continue, will give the U.S. upper class infinite but imaginary-counterfeit wealth.


The U.S. Government is committing fiscal and accounting fraud to dramatically and fraudulently elevate the standard of living of all Americans but with special treatment for the U.S. ruling class and extra special treatment for the U.S. upper class.


The U.S. Government has committed a $106.4 Trillion crime!


The Net Worth of all Americans (Total National Assets) is now estimated to be $132.0 Trillion because the U.S. Government has given the U.S. upper class $106.4 Trillion by undertaxing them!


It pays bigtime to have good friends (criminals) in Washington, DC!


The U.S. Government is borrowing an exponentially increasing amount of imaginary-counterfeit money, $5.57 Trillion in FY2017, from the future Americans to perpetuate this Ponzi scheme!


GAAP basis deficit spending creates imaginary-counterfeit money!

 

National Debt    $19.9 Trillion 
Cash Deficit in FY2017  $0.57 Trillion 
GAAP Deficit in FY2017 
$5.57 Trillion 
US Unfunded Future Liabilities  $86.5 Trillion 
US Unfunded Liabilities (GAAP)  $106.4 Trillion 
Imaginary-Counterfeit Money 
$106.4 Trillion 
Total National Assets 
$132.0 Trillion 

Source: www.usdebtclock.org Jun 4, 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