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

Trump-Buffett-Powell-Bezos FOOLED by Fraud! 180904
September 4, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 9/4/18


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post” and “The Dallas Morning News” that explains how U.S. Government fiscal and accounting fraud has fooled Donald Trump, Warren Buffett, Jay Powell, and Jeff Bezos!


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!


Trump-Buffett-Powell-Bezos FOOLED by Fraud! 180904 

September 4, 2018


This commentary will explain why the U.S. Economy is Booming and why most people have been fooled by U.S. Government fraud!


The corrupt and criminal U.S. Government has printed $114.6 Trillion of imaginary-counterfeit money to dramatically stimulate the U.S. economy!


The consensus opinion is that the U.S. Economy is Booming!


Trump, Buffett, Powell, and Bezos all seem to share that opinion!


They have all been FOOLED by a
corrupt and criminal U.S. Government!


Donald Trump (the first imaginary billionaire U.S. President), Warren Buffett (one of the most successful investors in history), Jay Powell (Chairman of the U.S. Federal Reserve Bank and the Chief U.S. Economist), and Jeff Bezos (founder and CEO of Amazon and the first imaginary centi-billionaire) all seem to think that the U.S. economy is booming and that it should continue to boom!


All of these individuals, and many others like them, seem to think our current economic expansion is the strongest that they have ever seen! And they are probably be right!


What they all seem to be missing is that this booming U.S. economy has been produced by U.S. Government fiscal and accounting fraud!


The corrupt and criminal U.S. Government is printing imaginary-counterfeit money to produce a booming U.S. economy! The corrupt and criminal U.S. Government is not using proper GAAP Accounting which, if properly applied, would limit the amount of public liabilities that the U.S. Government could honestly defer to the future Americans!


The corrupt and criminal U.S. Government has deferred  $114.6 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans and undertaxed the U.S. upper class by $114.6 Trillion, giving the U.S. upper class $114.6 Trillion of imaginary-counterfeit money!


This fiscal and accounting fraud has created the wealth and income gap that has fraudulently bifurcated the U.S. population into the haves and the have-nots!


The U.S. upper class is getting filthy rich with imaginary-counterfeit money that is being fraudulently borrowed from the future Americans because the corrupt and criminal U.S. Government is committing fiscal and accounting fraud by not accruing the money to pay future U.S. Government benefit promises!


The U.S. general public is getting screwed because they are counting on U.S. Government benefits that have not been funded so the U.S. upper class can get filthy rich and the U.S. ruling class can get overpaid!


The corrupt and criminal U.S. Government is borrowing money, $114.6 Trillion, from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!


The corrupt and criminal U.S. Government is printing imaginary-counterfeit money, $114.6 Trillion so far, with GAAP basis deficit spending by not using proper accrual accounting!


The corrupt and criminal U.S. Government is printing imaginary-counterfeit money at the current rate of $16.5 Billion every day and giving it to the U.S. upper class (GAAP Deficit in FY2018 = $6.04T/365 days = $16.5B/day)!


Trump, Buffett, Powell, and Bezos need to understand that the U.S. economy appears to be booming simply because the U.S. Government is corrupt!


This accounting fraud, using Cash Accounting rather than proper GAAP Accounting, has produced a classic Ponzi scheme that I have named USAPonzi!


The U.S. Government is fraudulently borrowing imaginary-counterfeit money from the future Americans, money that the future Americans do not have, and giving it to the current Americans to cause the U.S. economy to boom!


The U.S. Government is corrupt!


The senior officials of the U.S. Government are common criminals that have committed a $114.6 Trillion criminal act by not operating its 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!


To eliminate this massive ($114.6 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  $0.79 Trillion 
GAAP Deficit in FY2018 
$6.04 Trillion 
US Unfunded Future Liabilities  $93.1 Trillion 
US Unfunded Liabilities (GAAP)  $114.6 Trillion 
Imaginary-Counterfeit Money 
$114.6 Trillion 
Total National Assets 

$138.0 Trillion 

Source: www.usdebtclock.org Sep 4, 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 650 commentaries since March 29, 2013 in an attempt to explain and expose this U.S. Government fraud!


This is the biggest ($114.6 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