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

Trump Stock Market Rally caused by Fraud
December 18, 2017
Emailed to WSJ/NYT/DMN, the US SEC, and Congressman Pete Sessions on 12/19/17


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, and “The Dallas Morning News” that explains that the "Trump Stock Market Rally" has been caused by U.S. Government accounting fraud!


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”!


Trump Stock Market Rally caused by Fraud
December 18, 2017


Donald Trump is taking credit for a stock market rally that has been caused by an accounting fraud that was started in FY1969 by LBJ!


Lee Harvey Oswald actually triggered the “Trump Stock Market Rally” on November 22, 1963 (See The Oswald Financial Bubble)!


The U.S. economy and the global economy both appear to be performing at a very high level because the U.S. Government is committing fiscal and accounting fraud! The U.S. Government is operating its fiscal policy with fraudulent accounting by not using accrual accounting (GAAP Accounting)!


The U.S. Government launched this fraud in FY1969 and since that time has deferred $109.3 Trillion of public liabilities to the future Americans (US Unfunded Liabilities (GAAP))! This fraud is 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. Government is fraudulently pumping up the global economy, the global stock market, and the global net worth simply by borrowing $109.3 Trillion of fake money from the future Americans and giving it to the U.S. upper class. I call this fraudulently borrowed money; imaginary-counterfeit money!


Donald Trump is taking credit for a stock market rally that was started in FY1969 by Lyndon Baines Johnson! Yes, the false Trump campaign promises have accelerated the stock market rally but this rally could not have occurred at all without this 48 year long accounting fraud that was started by LBJ when he convinced the U.S. Congress to adopt the Unified Budget!


The following table shows the performance of key financial parameters since Donald Trump's election on November 8, 2016.


This U.S. Government fraud is creating imaginary-counterfeit money out of “thin air” by borrowing it from the future Americans and giving it to the U.S. upper class!


Note:
Total National Assets is the estimated net worth of all U.S. citizens and businesses!


11/8/16  12/18/17  % Chg 
US Unfunded Liabilities (GAAP)  $104.1T  $109.3T 

5.0 

Imaginary-counterfeit money  $104.1T  $109.3T  5.0 
Total National Assets  $123.9T  $133.9T  8.1 
S&P Index  2,085  2,690  29.0 
Dow Jones Index  18,847  24,792  31.5 


Since Trump was elected on November 8, 2016, the corrupt and criminal U.S. Government has given the U.S. upper class $5.2 Trillion of imaginary-counterfeit money to stimulate the global economy and to run up the global stock market!


It has really worked! The stock market is up by 30% and U.S. net worth is up by 8.1% simply because the U.S. Government has fraudulently borrowed $5.2 Trillion of fake money from the future Americans and given it to the U.S. upper class!


The corrupt and criminal U.S. Government is committing an accounting fraud that is borrowing money ($109.3 Trillion) from the future Americans and giving it to the U.S. upper class. This fraud is increasing the net worth (Total National Assets) of Americans, primarily the U.S. upper class, and has been causing the stock market to go up for the last 48 years. The corrupt and criminal U.S. Government has fraudulently given the U.S. upper class $109.3 Trillion of imaginary-counterfeit money!


I call this U.S. Government fraud; USAPonzi!


USAPonzi
has fraudulently enriched the U.S. upper class by $109.3 Trillion!


USAPonzi
has caused the stock market to be in a 48 year long bull market by stuffing $109.3 Trillion of imaginary-counterfeit money into the pockets of Americans, primarily the U.S. upper class, with GAAP basis deficit spending!


The U.S. Government has been running cash deficits over the last 48 years which has created our National Debt ($20.6 Trillion) and has not been properly accruing for future benefit promises which has created our US Unfunded Future Liabilities ($88.7 Trillion). The U.S. upper class is getting rich because they have been undertaxed by $109.3 Trillion (US Unfunded Liabilities (GAAP))!


U.S. Government fiscal and accounting fraud is what is causing the stock market to continually set new record highs!


Donald Trump is taking credit for a stock market rally that has been caused by an accounting fraud that was started in FY1969 by LBJ!

 

National Debt  $20.6 Trillion 
Cash Deficit in FY2018  $0.67 Trillion 
GAAP Deficit in FY2018  $5.66 Trillion 
US Unfunded Future Liabilities  $88.7 Trillion 
US Unfunded Liabilities (GAAP)  $109.3 Trillion 
Imaginary-Counterfeit Money  $109.3 Trillion 
Total National Assets  $133.9 Trillion 

Source: www.usdebtclock.org Dec 18, 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 ($109.3 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