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

Trade Imbalance caused by US Gov Fraud 180926
September 26, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 9/26/18


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post”, and “The Dallas Morning News” which explains why U.S. Trade Imbalances are caused by U.S. Government fiscal and accounting 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 “news media” is aiding and abetting the corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud! The
U.S. Government should be operating its fiscal policy with accrual accounting!


Trade Imbalance caused by US Gov Fraud 180926

September 26, 2018


U.S. Trade Imbalances
are caused by a U.S. Government fiscal and accounting fraud that has fraudulently borrowed $114.9 Trillion from the future Americans so the current Americans can buy stuff from the rest of the planet without having to pay a single penny of earned income!

 

Trump to UN: the trade imbalance
with China ‘cannot be tolerated.’

Associated Press Sep 25, 2018 12:36 PM EDT


President Donald Trump targeted China, saying the U.S. will no longer tolerate unfair trade arrangements that allow countries to dump their products in America, subsidize their goods, target U.S. industries and manipulate currency to gain unfair advantages.


Trump told the U.N. General Assembly on Tuesday, “The U.S. will not be taken advantage of any longer.” Trump says those days are over and the U.S. will “no longer tolerate such abuse.”


Donald Trump is accusing China of unfair trade arrangements, product dumping, and currency manipulation as the reason for our trade imbalance with China!


Donald Trump
does not understand that the reason for our trade imbalances with China and other countries is because the U.S. Government is manipulating the U.S. Dollar by printing $114.9 Trillion of counterfeit money! GAAP basis deficit spending is printing counterfeit money! The U.S. Government is not operating its fiscal policy with an honest accounting system!


The U.S. Government is corrupt and criminal because it is committing fiscal and accounting fraud by not operating its fiscal policy with GAAP Accounting and a balanced GAAP basis budget! The corrupt and criminal U.S. Government has given the U.S. upper class $114.9 Trillion of imaginary-counterfeit money by undertaxing them while screwing the U.S. general public by underfunding the benefit promises that the U.S. Government has made to the U.S. general public by $93.4 Trillion!


Donald Trump does not understand that we have trade imbalances because the U.S. Government is corrupt!


Donald Trump does not understand that he has gotten rich because the U.S. Government is corrupt!


Donald Trump does not understand that the U.S. economy is getting stronger and stronger because the U.S. Government is corrupt!


Donald Trump does not understand that the Stock Market is going higher and higher because the U.S. Government is corrupt!


Donald Trump does not understand that the United States of America appears to be the wealthiest and most prosperous country on the planet because the U.S. Government is corrupt!


Donald Trump does not understand that the United States of America appears to be the most dominant country on the planet because the U.S. Government is corrupt!


We have trade imbalances because we are buying stuff from other countries and not paying for it! We have trade imbalances because the U.S. Government is in the process of printing an infinite amount of imaginary-counterfeit money so that Americans can buy a lot of stuff without lifting a finger!


The U.S. Government is printing imaginary-counterfeit money because the U.S. Government is not operating its fiscal policy with accrual accounting! The U.S. Government is operating its fiscal policy with Cash Accounting rather than proper and Generally Accepted Accounting Principles (GAAP Accounting)!


GAAP basis deficit spending prints imaginary-counterfeit money by fraudulently borrowing money (US Unfunded Liabilities (GAAP)) from the fu
ture Americans, money the future Americans do not have, and giving it to the current Americans by undertaxing them! The U.S. Government started this fiscal and accounting fraud, I call it USAPonzi, in FY1969 and since that time the U.S. Government has printed $114.9 Trillion of imaginary-counterfeit money and is printing $16.6 Billion more imaginary-counterfeit money every day (GAAP Deficit in FY2018 = $6.05T/365 days = $16.6B/day)!


We have a Trade Imbalance because we are buying everything under the sun with monopoly money that the U.S. Government has fraudulently borrowed from the future Americans by using fraudulent accounting!


We have a Trade Imbalance because the corrupt and criminal U.S. Government is printing imaginary-counterfeit money ($114.9 Trillion) so we can buy a whole hell of a lot more than we sell!


The corrupt and criminal U.S. Government is fraudulently borrowing an unending and ever-increasing stream of imaginary-counterfeit money from the future Americans so the current Americans can buy an unending and ever-increasing stream of stuff from China, products from Amazon, cars from Germany, Japan, China, and Tesla, airplanes from Boeing and Airbus, tennis shoes from Nike, coffee from Starbucks, hamburgers from McDonalds, smartphones from Apple, movies from Netflix, oil from Saudi Arabia, etc., etc.!


That is why we have a Trade Imbalance!


The U.S. Government is running a classic Ponzi scheme (USAPonzi) that is borrowing money from the future Americans, money the future Americans do not have, and giving it to the current Americans which is causing the U.S. Trade Imbalance! $114.9 Trillion of imaginary-counterfeit money can buy a lot of stuff from China!


Donald Trump needs to stop blaming China for our Trade Imbalance with China; this Trade Imbalance is caused by U.S. Government fiscal and accounting fraud!


Author's Opinion: Donald Trump needs to stop doing what he is doing, stop saying what he is saying, and stop tweeting what he is tweeting! Maybe then, the rest of the planet would stop laughing at America!


The rest of the planet is going to be really upset with America when the magnitude and intent of USAPonzi is properly exposed! This will be no laughing matter!


USAPonzi is a $114.9 Trillion Fraud!


USAPonzi is THE cause of the U.S. Trade Imbalance!


The U.S. Government is corrupt!


The senior officials of the U.S. Government are common criminals that have committed a $114.9 Trillion criminal act by not operating the U.S. Government fiscal policy with proper accrual accounting! The senior officials of the U.S. Government are common criminals because they are direct financial beneficiaries of this massive fraud! The corrupt and criminal U.S. Government is overpaying itself with imaginary-counterfeit money!


We have 535 criminals in the U.S. Congress and an untold number of criminals in the White House!


I have sent 14 whistleblower letters to the U.S. Securities and Exchange Commission, a whistleblower letter to every member of the U.S. Congress, and 9 whistleblower letters to each member of the U.S. Supreme Court so that all three branches of the U.S. Government would be informed of this massive fraud!


I have also sent over 200 Op-Eds to the “mainstream media” in an attempt to expose this massive fraud to the citizens of Planet Earth! None of these Op-Ed candidates have been published!


This massive fraud is explained in more detail in my Open Letter to US Government, my Open Letter to Planet Earth, and my Open Letter to US General Public!


I have presented specific fraud charges against the U.S. Government in my Fraud Charges against U.S. Government commentary!


I have also explained this fraud to the International Monetary Fund in my Open Letter to the International Monetary Fund commentary!


To eliminate this massive ($114.9 Trillion) fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.

 

National Debt  $21.5 Trillion 
Cash Deficit in FY2018  $0.91 Trillion 
GAAP Deficit in FY2018 
$6.05 Trillion 
US Unfunded Future Liabilities  $93.4 Trillion 
US Unfunded Liabilities (GAAP)  $114.9 Trillion 
Imaginary-Counterfeit Money 
$114.9 Trillion 
Total National Assets 

$148.5 Trillion 

Source: www.usdebtclock.org Sep 26, 2018


This fraud/Ponzi scheme (USAPonzi) is explained in much more detail on my websites www.usaponzi.net and www.usaponzi.com and in my books “USAPonzi” 11/22/15, “USAPonzi2” 5/1/17, “USAPonzi3” 2/1/18, and “USAPonziA” 9/1/18! Each of these books have updates that I made every few days until the next book was published. I have published 658 commentaries since March 29, 2013 in an attempt to explain and expose this massive U.S. Government fraud!


This is the biggest ($114.9 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.


John W. White

Plano, TX