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

Trump First or America First 181123
November 23, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, Senator Ted Cruz, and Dallas Mayor Mike Rawlings 11/23/18


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 how LBJ has made America First and how Trump has made Trump First!


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!


Trump First or America First 181123
November 23, 2018


I contend that while Donald Trump claims to be promoting policies to make America First, his strongest motivation appears to be to make Trump First!


I further contend that Donald Trump is building his personal fortune on the fundamental policy of Lyndon Baines Johnson (LBJ) that was designed to fraudulently make America First!


Lyndon Baines Johnson made America First by “Cooking the Books”!


In January of 1968, LBJ introduced a corrupt and fraudulent fiscal policy that gives the United States of America the dominant position on planet earth by printing counterfeit money and giving it to the U.S. upper class! For the last 49 years, the U.S. Government has been printing what I call imaginary-counterfeit money with GAAP basis deficit spending!


The corrupt and criminal U.S. Government is not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting)! The corrupt and criminal U.S. Government is not properly accruing for the future benefit promises that it has made to the U.S. general public!


So far, this fraud has printed $115.6 Trillion of imaginary-counterfeit money and is printing $16.6 Billion more every day! America appears to be the richest and most powerful country on planet earth because LBJ convinced the U.S. Congress to adopt the Unified Budget (See The Oswald Financial Bubble)!


Trump did not make America First; LBJ made America First by introducing a Ponzi scheme, I call it USAPonzi, that is printing imaginary-counterfeit money by fraudulently borrowing money from the future Americans, money the future Americans do not have, and giving it to the current Americans, primarily to the U.S. upper class! This fraud is enriching the U.S. upper class and the U.S. ruling class while cheating the U.S. general public and the rest of the planet!


Proper use of GAAP Accounting would inform the U.S. Government that it cannot rationally borrow $115.6 Trillion from the future Americans!


This fraud is enriching the U.S. upper class by undertaxing them!


This fraud is enriching the U.S. ruling class by overpaying them!


This fraud is cheating the U.S. general public by promising them future benefits but not properly funding these promises!


This fraud is cheating the rest of the planet because Americans are buying stuff with $115.6 Trillion of imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans!


Donald Trump and all members of the U.S. upper class have fraudulently gotten rich because the corrupt and criminal U.S. Government has printed $115.6 Trillion of imaginary-counterfeit money by fraudulently borrowing it from the future Americans and giving it to the U.S. upper class by undertaxing them!


The corrupt and criminal U.S. Government is not properly accruing for future benefit promises!


This fraud has also fraudulently enriched other parts of the planet because Americans are buying stuff from all over the planet with this $115.6 Trillion of imaginary-counterfeit money!


Saudi Arabia has appeared to have gotten extremely wealthy because we are buying their oil with imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans! Without this accounting fraud and a lot of oil, Saudi Arabia would not have net worth that is measured in Trillions of imaginary-counterfeit dollars!


Without this accounting fraud, many Americans would not be able to afford a car or the fuel to operate it! We are buying our cars and the fuel to run them with the imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans! We are building and maintaining the roads on which they run with the imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans!


Russia and Vladimir Putin have also gotten rich with the imaginary-counterfeit money that LBJ produced by setting up this accounting fraud that prints imaginary-counterfeit money with GAAP basis deficit spending! Russia is selling oil and gas to people that are buying it with imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans!


The entire planet is operating on this massive stash ($115.6 Trillion) and stream ($16.6 Billion a day) of imaginary-counterfeit money that the corrupt and criminal U.S. Government is printing with GAAP basis deficit spending!


I contend that Donald Trump is either knowingly or unknowingly leveraging this massive U.S. Government fraud to build his own personal empire that we know as The Trump Organization. Donald Trump is an imaginary-counterfeit billionaire because the corrupt and criminal U.S. Government, of which he is now CEO, is committing fiscal and accounting fraud to fraudulently enrich the U.S. upper class by $115.6 Trillion!


Because Donald Trump is putting Trump First he is unwilling to put America First in making policy decisions for the United States of America. Trump is willing to “accept the word” of Vladimir Putin and Mohammad bin Salman because it is in his best interest to maintain a friendly relationship with both Russia and Saudi Arabia!


We need to see the financial records of The Trump Organization to understand Donald Trump's true motivations for his actions! I contend that it is Trump First before it is America First!


Donald Trump says that he is motivated to maintain a strong relationship with Saudi Arabia because of the huge arms deal and trade relationship that he has negotiated with Saudi Arabia!


This huge arms deal and trade relationship is all a hoax because we are buying oil from Saudi Arabia with monopoly money so they can buy fighter jets from us with monopoly money!


This is like the little boy that told his parents he sold his cat for $1000 because he traded it to a little girl for her two $500 puppies!


If the U.S. Government was using honest accounting, Saudi Arabia would not be rich and they would not be buying $4 Billion or $300 Billion (Trump changes this number to suit the current situation) of fighter jets from the United States! This U.S. Government fiscal and accounting fraud is fraudulently financing war and terrorism! This fraud is financing warring capability for the United States, our friends, and our foes!


This fraud is filling the planet with an unending and ever-increasing number of guns and bombs that we are buying and building with the imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans with GAAP basis deficit spending!


This fraud is filling the planet with an unending and ever-increasing number of everything from ghost cities and airports in China to ties in my closet! I even contend that this fraud is the primary contributor to Global Warming! This fraud is filling the planet with an unending and ever-increasing number of cars, airplanes, tall buildings, big houses, factories, and other environment-polluting objects!


We are buying and building an infinite stream of stuff with an infinite stream of imaginary-counterfeit money that the corrupt and criminal U.S. Government is creating out of “thin air” by borrowing it from the future Americans!


This fraud, that I call USAPonzi, can continue for a very long time because the future Americans have an awful lot of imaginary-counterfeit money!


The global financial system and the global economy are both totally distorted and screwed up because LBJ fraudulently put America First by launching this fiscal and accounting fraud that I call USAPonzi!


America is not rich and powerful because it has earned real money; America appears to be rich and powerful because the corrupt and criminal U.S. Government is printing an unending and ever-increasing amount of imaginary-counterfeit money with GAAP basis deficit spending and giving it to the U.S. upper class by undertaxing them!


LBJ made America First by setting up an accounting fraud that is passing out an unending and ever-increasing amount of imaginary-counterfeit money to the current Americans!


Trump has made Trump First by instituting U.S. Government policy positions that suit his own personal and political agenda!


Trump could be paying back some past favors with some of his policy actions or lack of action!


Trump
is certainly not in favor of exposing this massive U.S. Government fraud that has colossally and fraudulently enriched the Trump Organization, Donald Trump, Saudi Arabia, the Saudi Princes, Russia, Vladimir Putin, China, Bezos, Buffett, Gates, Tiger, and millions of imaginary-counterfeit millionaires and billionaires!


USAPonzi is a $115.6 Trillion fraud that is growing by $16.6 Billion a day!


The U.S. Government is borrowing money, $16.6 Billion a day, from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class!


The U.S. Government is corrupt!


The senior officials of the U.S. Government are common criminals that have committed a $115.6 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 US 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 ($115.6 Trillion) fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.

 

National Debt  $21.8 Trillion 
Cash Deficit in FY2019  $0.84 Trillion 
GAAP Deficit in FY2019  $6.06 Trillion 
US Unfunded Future Liabilities  $93.8 Trillion 
US Unfunded Liabilities (GAAP)  $115.6 Trillion 
Imaginary-Counterfeit Money  $115.6 Trillion 
Total National Assets  $150.8 Trillion 

Source: www.usdebtclock.org Nov 23, 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 682 commentaries since March 29, 2013 in an attempt to explain and expose this massive U.S. Government fraud!


This is the biggest ($115.6 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