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

Trump's Economy is a Criminal Fraud! 190913
September 13, 2019
Emailed to 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/DMN, and Dallas Mayor Eric Johnson on 9/18/19
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Trump's Economy is a Criminal Fraud!


Trump's Economy is a Criminal Fraud because the U.S. Government is in the process of printing an infinite amount of counterfeit money and giving it to the U.S. upper class!


The U.S. general public is going to be Mad as Hell” when they find out that the U.S. Government has been cheating them for the last 50 years so that it can enrich the U.S. upper class with an infinite amount of counterfeit money!


Donald Trump, perhaps unknowingly, is a common criminal! He is presiding over the biggest financial fraud ($125.8 Trillion) ever perpetrated!


The U.S. Government has fraudulently borrowed $125.8 Trillion from the future Americans and given it to the U.S. upper class by undertaxing them!


Trump: 'We have the strongest economy in the history of our country'
Fox Business Videos•September 12, 2019
President Trump laid out economic achievements under his administration.


Donald Trump is constantly declaring that he has orchestrated the strongest economy in the history of our country!


What Trump apparently does not know is that the U.S. Government is committing a $125.8 Trillion criminal fraud that is fraudulently and dramatically stimulating the U.S. economy and the global economy!


The U.S. Government is spending and promising to spend much more than it is collecting in taxes! The U.S. ruling class is getting paid much more than we can afford, the U.S. general public is being paid much more in government benefits than we can afford, the future benefits to the U.S. general public are not being properly accrued for, the U.S. upper class is getting dramatically undertaxed, and Americans are buying stuff from the rest of the planet with money that the U.S. Government is fraudulently borrowing from the future Americans!


The U.S. Government is printing counterfeit money by borrowing money from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class!


The U.S. economy appears to be the strongest ever because the U.S. Government has never before printed as much counterfeit money as they have printed as of today ($125.8 Trillion) and tomorrow the U.S. Government will print another $16.8 Billion of counterfeit money, with GAAP basis deficit spending, so tomorrow the U.S. economy will appear to be stronger than it appears to be today!


The U.S. Government is printing counterfeit money by borrowing it from the future Americans and giving it to the U.S. upper class to make America appear to be rich and prosperous!


The U.S. Government is corrupt!


The U.S. Government is committing a fiscal and accounting fraud!


The U.S. Government is not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting).


Because the U.S. Government is not operating its fiscal policy with proper GAAP Accounting, the U.S. Government is deferring massive, currently $125.8 Trillionpublic liabilities to the future Americans and undertaxing the U.S. upper class!


GAAP basis deficit spending by the U.S. Government prints counterfeit money and gives it to the U.S. upper class by undertaxing them!


GAAP basis deficit spending by the U.S. Government creates public liabilities that become counterfeit private assets in the pockets of the U.S. upper class when the U.S. upper class is undertaxed!


Therefore, US Unfunded Liabilities (GAAP) = imaginary-counterfeit money as shown in the table below!


The U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is fraudulently borrowing money, I call it imaginary-counterfeit money, from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class!


Trump is betting his political career that this economic hoax will get him re-elected when a very likely outcome is that this fiscal and accounting fraud will be disclosed before the 2020 election and the U.S. general public will find out that the Trump administration is just continuing a fiscal and accounting fraud that was started by Lyndon Baines Johnson in 1969! This fraud has been operating for 50 years!


The U.S. general public will be mad as hell when they find out that the U.S Government has been cheating them for the last 50 years by promising future benefits but not accruing for them! They will not be likely to re-elect Trump when and if this criminal fraud is exposed before the 2020 election! This criminal fraud is what has made Donald Trump an imaginary-counterfeit multi-billionaire!


In fact, most of the senior officials in the U.S. Government should be removed from office because they are approving this criminal fraud that is enriching them and their upper-class friends! The senior officials in the U.S. Government are common criminals because they are enriching themselves by operating the U.S. Government with a fiscal policy that is a fiscal and accounting fraud!


This fiscal and accounting fraud is


Enriching the U.S. upper class!
Enriching the U.S. ruling class!

Cheating the U.S. general public!
Cheating the rest of the planet!
Causing the U.S. economy to appear to be the strongest ever!
Causing Global Warming!
Destroying Planet Earth!


Rather than repeating the details of how this fraud works, I would refer you to my Open Letter to Van Taylor TX 3rd district house member that explains in more detail how this fraud/Ponzi scheme is causing Global Warming that is Destroying Planet Earth!


Short statement of how USAPonzi is Destroying Planet Earth!

The U.S. Government is committing a fiscal and accounting fraud, I call it USAPonzi, by not using proper GAAP Accounting, that is in the process of fraudulently borrowing an infinite amount of money, I call it imaginary-counterfeit money, from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class, so that the entire planet can build and buy an infinite number of environment-polluting physical objects with this infinite supply of imaginary-counterfeit money which are causing Global Warming that is Destroying Planet Earth!


Donald Trump is not responsible for the apparent strength of the U.S. economy, that honor(?) goes to Lyndon Baines Johnson who set up this fiscal and accounting fraud by proposing and convincing the U.S. Congress to approve the Unified Budget in 1969!


The American Dream is a criminal hoax created by the U.S. Government fiscal and accounting fraud that I call USAPonzi!


I have written two websites (usaponzi.net and usaponzi.com) and five books (the latest is USAPonziB), which are available on Amazon, that explain how this U.S. Government fiscal and accounting fraud got started, the problems it is causing, and how it is causing Global Warming that is Destroying Planet Earth!


To eliminate this fraud, the U.S. Government must switch to GAAP Accounting and commit to a balanced GAAP basis budget. The U.S. Government is currently operating its fiscal policy with Cash Accounting which is the cause of this fraudGAAP Accounting, properly applied, would not allow the corrupt and criminal U.S. Government to borrow an infinite amount of imaginary-counterfeit money from the future Americans and give it to the U.S. upper class!


The data used in this commentary were sourced from www.usdebtclock.org and is summarized in the following table!

 

National Debt  $22.6 Trillion 
Cash Deficit in FY2019  $1.01 Trillion 
GAAP Deficit in FY2019  $6.13 Trillion 
US Unfunded Future Liabilities  $103.2 Trillion 
US Unfunded Liabilities (GAAP)  $125.8 Trillion 
Imaginary-Counterfeit Money  $125.8 Trillion 
Total National Assets  $157.7 Trillion 

Source: www.usdebtclock.org September 13, 2019


John W White
Plano, TX