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

Traffic Gridlock
October 27, 2017    Emailed to WSJ/NYT/DMN on 10/27/17


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times” and “The Dallas Morning News” that explains how U.S. Government fiscal and accounting fraud is allowing Americans to buy so many cars that we are in danger of Traffic Gridlock!


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”!


Traffic Gridlock

October 27, 2017


The corrupt U.S. Government is creating the potential for Traffic Gridlock!


The U.S. Government is perpetrating a fiscal and accounting fraud that is creating an infinite amount of imaginary-counterfeit money so we can buy an infinite number of cars! This why we have traffic jams!


The U.S. Government is corrupt! The U.S. Government has been operating with a fraudulent accounting system since FY1969! The U.S. Government is not using proper GAAP Accounting! Because of this fraud, the U.S. Government has borrowed $108.7 Trillion from the future Americans, money that the future Americans do not have, and given it to the U.S. upper class (See American Accounting Fraud)! This is fraud because the future Americans do not have $108.7 Trillion!


By not operating with accrual accounting (GAAP Accounting), the U.S. Government is promising the U.S. general public that it will pay them future benefits but has not been properly funding these promises since FY1969. The U.S. Government has underfunded these benefit promises by $88.3 Trillion (US Unfunded Future Liabilities). The U.S. Government has overspent its cash income by $20.4 Trillion (National Debt). The U.S. Government has undertaxed the U.S. upper class by the sum of these two items $108.7 Trillion (US Unfunded Liabilities (GAAP)). The U.S. Government has given the U.S. upper class $108.7 Trillion by undertaxing them.


This is why the U.S. upper class can build more and more bigger and bigger houses! This is why pro athletes can be paid $Millions! This is why the upper class can buy Bentleys, Teslas, Mercedes, BMWs, Audis, and Lexuses like they are a bag of popcorn! This is why almost all of the Common Man can buy Chevrolets, Fords, Hondas, Kias, and Toyotas!


The U.S. Government is running a Ponzi scheme fiscal policy. The U.S. Government is borrowing an ever-increasing amount of money from the future Americans, money that the future Americans do not have, and giving it to the current Americans. So far, the U.S. Government has borrowed $108.7 Trillion of imaginary-counterfeit money from the future Americans and given it to the current Americans. The U.S. Government is borrowing another $15.5 Billion of imaginary-counterfeit money from the future Americans every day with GAAP basis deficit spending and giving it to the current Americans (GAAP Deficit in FY2018 = $5.65T/365 = $15.5B).


And our supposedly brilliant Chairperson of the Federal Reserve Bank does not see any bubbles forming! She says Congress and the Federal Reserve Bank have done such a good job of managing the financial crisis of 2008 that we will not see another financial crisis in our lifetime. We are but an utterance away from the biggest financial crisis in the history of the planet. As soon as the U.S. Congress has the guts to admit to this accounting fraud, the entire planet will fall into The Greatest Depression!


This U.S. Government fraud is allowing Americans to buy cars, and whatever else, with money that the U.S. Government has fraudulently borrowed from the future Americans, that the future Americans do not have. I call this money, imaginary-counterfeit money because the future Americans cannot pay the now $108.7 Trillion of public liabilities that are increasing exponentally.


This is absurd!
The U.S. Government is corrupt! The senior officials of the U.S. Government are common criminals!


We have already purchased 5-7 times as many cars as we can afford because most of the cars currently on our roads have been purchased with the $108.7 Trillion of imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans. The amount of money that the U.S. Government has fraudulently borrowed from the future Americans is reported on www.usdebtclock.org as US Unfunded Liabilities (GAAP).


We are literally filling up our roads with cars that we are purchasing with imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans. This is why traffic problems are getting more and more severe. This is why we have continual road construction. This is why we have to keep adding more lanes to our roads.


Most of our cars will be sitting on cinder blocks when USAPonzi implodes because most people will not have the money to buy fuel to run their cars. We are operating our cars with fuel that is being purchased with imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans. We are widening our roads with imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans.


I call this money imaginary-counterfeit money because the U.S. Government is borrowing money from the future Americans that the future Americans do not have! This fraudulently borrowed money is both imaginary and counterfeit!


Most of the things that American's buy are being purchased with imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans.


The U.S. Government is in the process of borrowing an infinite amount of imaginary-counterfeit money from the future Americans and giving it to the current Americans so Americans can buy an infinite number of cars. USAPonzi has created The Automobile Bubble along with many other bubbles in essentially all asset classes.


This U.S. Government fiscal and accounting fraud, that I call USAPonzi, will literally bring traffic to a standstill if it is allowed to continue!


USAPonzi
will cause Traffic Gridlock!


We are filling the planet with all kinds of junk that is being purchased with the imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans! GAAP basis deficit spending creates imaginary-counterfeit money!


The corrupt U.S. Government is on a path to create an infinite amount of imaginary-counterfeit money out of thin air”!

 

National Debt  $20.4 Trillion 
Cash Deficit in FY2018  $0.68 Trillion 
GAAP Deficit in FY2018  $5.65 Trillion 
US Unfunded Future Liabilities  $88.3 Trillion 
US Unfunded Liabilities (GAAP)  $108.7 Trillion 
Imaginary-Counterfeit Money  $108.7 Trillion 
Total National Assets  $134.6 Trillion 

Source: www.usdebtclock.org Oct 27, 2017


To eliminate this fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.


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 fraud/Ponzi scheme is also explained in “short story style” in my October 1, 2017 commentary USAPonzi CliffsNotes and in my October 8, 2017 commentary USAPonzi Elevator Speech.


This is the biggest ($108.7 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