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

Trump Deficit vs USAPonzi Deficit 210120
January 20, 2021
Emailed to United Nations, Fed Chair Jay Powell, Minneapolis Fed President Neel Kashkari, Dallas Fed President Robert Kaplan, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, The U.S. SEC, NYT/WSJ/WP/CNBC/DMN on 1/20/21



Trump Deficit ($53.9T) vs USAPonzi Deficit ($158.4T)


The Washington Post
Trump's most enduring legacy could be the historic rise in the national debt
It rose almost $7.8 trillion during his time in the White House -- approaching World War II levels, relative to the size of the economy. This time around, it will be much harder to dig ourselves out.
By Allan Sloan and Cezary Podkul
Jan. 14, 2021 at 4:00 a.m. CST


I am a whistleblower! The U.S. Government is corrupt!


The corrupt U.S. Government has borrowed $158.8 Trillion of counterfeit money from the future Americans and given it to the U.S. upper class!


Donald Trump
claims that he has produced the strongest economy in the history of the planet! The U.S. economy appears to be very strong because the corrupt U.S. Government has printed $158.8 Trillion of counterfeit money and given it to the U.S. upper class! The
U.S. economy appears to be very strong right now because of the massive ($53.9 Trillion) deficit spending during the Trump presidency!


The U.S. upper class private sector appears to be doing quite well because the U.S. public sector is printing counterfeit money with deficit spending and giving it to the U.S. upper class!


When the corrupt U.S. Government assumes public liabilities, this appears to create an equal amount of private assets! But these private assets are counterfeit when the corrupt U.S. Government assumes more public liabilities than the future Americans can ever pay! The future Americans can never pay for the public liabilities ($158.8 Trillion) that the corrupt U.S. Government has already assumed (US Unfunded Liabilities (GAAP))!


The U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is borrowing money from the future Americans and giving it to the U.S. upper class! The corrupt U.S. Government has, so far, fraudulently borrowed $158.8 Trillion from the future Americans with GAAP basis deficit spending and given it to the U.S. upper class!


The corrupt U.S. Government is not accruing the money to pay future U.S. Government benefits!


Trump Deficit 2017-2021

Cash Basis  GAAP Basis 
National  US Unfunded 
Debt  Liabilities (GAAP) 
January 20, 2017  $20.0 Trillion  $104.9 Trillion 
January 20, 2021  $27.8 Trillion  $158.8 Trillion 
Trump Deficit  $7.8 Trillion  $53.9 Trillion 


USAPonzi Deficit 1969-2021

Cash Basis  GAAP Basis 
National  US Unfunded 
Debt  Liabilities (GAAP) 
January 20, 1969  $0.4 Trillion  $0.4 Trillion 
January 20, 2021  $27.8 Trillion  $158.8 Trillion 
USAPonzi Deficit  $27.4 Trillion  $158.4 Trillion 


When the U.S. Government started operating its fiscal policy on a Cash Basis vs. a proper GAAP Basis in FY1969,  both our Cash Deficit and our GAAP Deficit quickly got out of control!


Donald Trump has been responsible for 28% ($7.8T/$27.4T = 0.28) of our Cash Deficit and 33% ($53.9T/$158.4T = 0.33) of our GAAP Deficit.


When the U.S. Government, in FY1969, started borrowing money from the future Americans to enrich the U.S. upper class it has created quite a large tax bill ($158.8 Trillion) for our kids, our grandkids, and our great grandkids!


In Donald Trump's defense, this financial disaster has exploded on his watch but the trap for this financial disaster was set in FY1969 when Lyndon Baines Johnson proposed, and the U.S. Congress approved the Unified Budget which launched USAPonzi-The Great American Fraud!


Donald Trump will likely claim that this Trump Deficit was caused by the necessary response to the Coronavirus Pandemic! This is not true! In fact, the opposite is true! This continued and accelerating deficit spending by the corrupt U.S. Government is required to sustain the fiscal and accounting fraud that I call USAPonzi and this Ponzi scheme has caused the Coronavirus Pandemic!


The following commentaries explain this fiscal and accounting fraud that I call USAPonzi!


USAPonzi-The Great American Fraud
Whistleblower Letter #3 to U.S. General Public
Whistleblower Letter #6 to Congress


The devastating impact of this accounting fraud on Planet Earth is summarized in my Oct 1, 2020 commentary.


Quintet of Global Crises (Economy, Climate, Health, Hunger, Depression)


National Debt  $27.8 Trillion 
Cash Deficit in FY2021  $3.20 Trillion 
*GAAP Deficit in FY2021  $13.40 Trillion 
US Unfunded Future Liabilities  $131.0 Trillion 
US Unfunded Liabilities (GAAP)  $158.8 Trillion 
Imaginary-Counterfeit Money  $158.8 Trillion 
Total National Assets  $156.5 Trillion 

Source: www.usdebtclock.org January 20, 2021
*GAAP Deficit-current


The current fiscal policy of the corrupt U.S. Government, I call it USAPonzi, is Destroying Planet Earth!


I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain USAPonzi and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can also be downloaded from my www.usaponzi.net website.


John W. White
Plano, TX