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

Trump Wall 190119
January 19, 2019
Emailed to WSJ/NYT/WP/DMN, the US SEC, Fed Chairman Jay Powell, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, and Dallas Mayor Mike Rawlings 1/19/19


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 why we should not build the “Trump Wall until the U.S. Government eliminates the accounting fraud that I call USAPonzi!


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 Wall 190119
January 19, 2019


Building a wall to protect America's fraudulent fantasy world!


In this commentary I will explain why spending money on the Trump Wall right now is a waste of both money and time! We should not build the Trump Wall until see how much illegal border crossing we have when the U.S. Government starts using proper GAAP Accounting!


This is my second commentary on the Trump Wall (See my September 5, 2016 commentary We don't need a Wall! We need the Truth!).


I contend that Donald Trump is mistakenly promoting the construction of a wall on the U.S. southern border just to keep others out of the “fantasy world” that has been fraudulently produced in America by the U.S. Government accounting fraud that I call USAPonzi!


The U.S. Government is running a Ponzi scheme, I call it USAPonzi, that is in the process of fraudulently borrowing an infinite amount of money, I call it imaginary-counterfeit money, from the future Americans and giving it to the U.S. upper class! This has produced a fantasy world for all Americans but especially for the elite!


The reason that President Trump gives for needing a wall is to secure our southern border from illegal immigrants, terrorists, and illegal goods trafficking! All of these reasons are rational but we need to look further as to the primary motive for people or goods to cross this border!


Some people cross this border with a desire for a better and safer life in the United States of America. Some people cross this border to transport illegal goods for monetary gain! Some people cross the border with the intent to conduct terrorist or criminal activities in the United States!


I contend that all of these motives are based on the belief that the United States of America is the richest and most prosperous country on the planet and they want to take advantage of this wealth and economic prosperity that is highly elevated relative to that of the rest of the planet!


I contend that people would be much less likely to cross our border illegally or to illegally transport goods across our border if the U.S. Government was not committing the fiscal and accounting fraud that I call USAPonzi!


This U.S. Government fiscal and accounting fraud is printing counterfeit money that makes America appear to be the richest and most prosperous country on the planet! The U.S. Government is printing imaginary-counterfeit money at the rate of $16.7 Billion a day! This accounting fraud has already printed $122.2 Trillion of imaginary-counterfeit money!


Because of the way this fraud works, the elite in America are getting richer and richer, the stock market is going higher and higher, and the U.S. economy is getting stronger and stronger! People are willing to go to extreme measures to get access to or to express their resentment of the wealth and prosperity that is being produced by this accounting fraud that I call USAPonzi!


This accounting fraud is caused by the U.S. Government not using proper GAAP Accounting and as a result is fraudulently borrowing imaginary-counterfeit money from the future Americans and giving it to the U.S. upper class which fraudulently elevates the standard of living for all Americans relative to the rest of the planet but it especially elevates the standard of living of the U.S. upper class!


Every day that this accounting fraud continues, the gap between the American standard of living and that of the rest of the planet continues to widen! Every day this accounting fraud prints another $16.7 Billion of imaginary-counterfeit money and gives it to the U.S. upper class!


I contend that when this U.S. Government fiscal and accounting fraud is exposed and eliminated, the economic conditions will be nominally the same on both sides of the U.S. southern border and the incentive to illegally cross this border will be significantly diminished!


I contend that when this fiscal and accounting fraud is exposed and eliminated, there will be much less desire to risk moving illegal goods across the border because Americans will not have imaginary-counterfeit wealth of $122.2 Trillion and imaginary-counterfeit income of $16.7 Billion a day to pay for these illegal goods!


I contend that drug addiction and drug trafficking have both been elevated because of this accounting fraud! This accounting fraud has produced idle time for the use of drugs and massive amounts of imaginary-counterfeit money to pay for drugs! When income is not highly correlated to human labor or value produced by human labor, money tends to be spent on frivolous items and entertainment activities that may be anti-social and even destructive to one's mental and physical health.


As my grandmother frequently told me, “idle hands are the devil's workshop” and printing imaginary-counterfeit money and giving it to people that expended no effort to earn it, creates “idle hands”!


This U.S. Government fraud is producing an unending and ever-increasing amount of imaginary-counterfeit money with no effort expended by many of the recipients of this money! We have got to return to an economic environment that provides a level economic playing field for all people and better correlates income to effort expended and value created.


This accounting fraud is in the process of printing an infinite amount imaginary-counterfeit money some of which is being used to buy drugs!


El Chapo
allegedly paid a $100 Million bribe to the President of Mexico with money that, if it was actually paid, was fraudulently borrowed from the future Americans! El Chapo has allegedly made $14 Billion from his drug trafficking over the last 30 years and this money was created out of “thin air by the U.S. Government fraudulently borrowing it from the future Americans! The price of drugs, both medicinal and recreational, have been inflating for the last 49 years because the U.S. Government is printing counterfeit money!


The U.S. economy is operating on the $122.2 Trillion of imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans! We are not earning real money to buy drugs, both legal and illegal, we are using imaginary-counterfeit money that the corrupt and criminal U.S. Government is fraudulently borrowing from the future Americans!


The current economic condition, produced by this accounting fraud, is skewing massive wealth and income to the idle elite and is oppressing and cheating the working common man!


I also contend that terrorists, both international and local, are motivated to attack the United States of America because this accounting fraud has produced a standard of living for the elite in America that is dramatically elevated relative to that of the U.S. common man and to that of the rest of the planet! This fraudulently elevated standard of living in America and the actions taken by America because of this accounting fraud are resented by people that are willing to express their resentment with terrorist activities.


Resentment of this elevated standard of living for the elite in America is continuing to escalate because the elite are getting richer and richer because of this U.S. Government accounting fraud!


Congress needs to address and eliminate this accounting fraud before they foolishly build a wall to keep outsiders away from the fantasy world in America created by this accounting fraud!


This accounting fraud is not only creating a fantasy world of wealth and prosperity in America that is enticing people and goods to come to America illegally, it is also Destroying Planet Earth because we are filling Planet Earth with an unending and ever-increasing number of environment-polluting physical objects that are being bought, built, and operated with this unending and ever-increasing stream of imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans and giving 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 $122.2 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 300 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 ($122.2 Trillion) fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.

 

National Debt  $21.9 Trillion 
Cash Deficit in FY2019  $0.85 Trillion 
GAAP Deficit in FY2019  $6.08 Trillion 
US Unfunded Future Liabilities  $100.3 Trillion 
US Unfunded Liabilities (GAAP)  $122.2 Trillion 
Imaginary-Counterfeit Money  $122.2 Trillion 
Total National Assets  $149.7 Trillion 

Source: www.usdebtclock.org Jan 19, 2019


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 701 commentaries since March 29, 2013 in an attempt to explain and expose this massive U.S. Government fraud!


This is the biggest ($122.2 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