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 Roaring by Fraud! 190503
May 3, 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 5/5/19


Trump's Economy is Roaring!
NBC News May 3, 2019
By Jonathan Allen

WASHINGTON — There's really only one word — "boom!" — to describe the economic picture surrounding President Donald Trump 18 months away from the 2020 election.


I happen to agree with the author of this article but for a totally different reason.


There's really only one word to describe the economic picture surrounding President Donald Trump but that word is — "fraud!" —!


As this article states, the U.S. economy appears to be roaring!


The U.S. economy appears to be roaring because the U.S. Government has fraudulently printed $123.8 Trillion of counterfeit money!


The U.S. economy is a hoax created by a corrupt and criminal U.S. Government! The U.S. Government is committing fiscal and accounting fraud by not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting)!


The corrupt and criminal U.S. Government is promising and paying unaffordable and unfunded benefits to the U.S. general public but is not accruing the money to pay for future benefits!


Because the U.S. Government is not accruing for these future benefit promises, it is fraudulently deferring public liabilities ($123.8 Trillion so far) to the future Americans (US Unfunded Liabilities (GAAP)) and undertaxing the U.S. upper class by $123.8 Trillion!


The corrupt and criminal U.S. Government has fraudulently borrowed $123.8 Trillion of imaginary-counterfeit money from the future Americans, money the future Americans do not have, and given it to the U.S. upper class by undertaxing them by $123.8 Trillion!


The corrupt and criminal U.S. Government is in the process of printing an infinite amount of imaginary-counterfeit money and giving it to the U.S. upper class!


The corrupt and criminal U.S. Government is causing the wealth and income gap by committing fiscal and accounting fraud!


The corrupt and criminal U.S. Government is enriching the rich by cheating the unrich!


That is why the U.S. economy appears to be roaring! The U.S. economy appears to be roaring because the current Americans are buying stuff with $123.8 Trillion of imaginary-counterfeit money that has been fraudulently borrowed from the future Americans!


The net worth of all Americans, primarily that of the U.S. upper class, is estimated to be $136.8 Trillion (Total National Assets) because the corrupt and criminal U.S. Government has fraudulently borrowed $123.8 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class by undertaxing them!


If the U.S. Government was operating its fiscal policy with proper GAAP Accounting and a balanced GAAP basis budget, the U.S. Government would not defer more public liabilities to the future Americans than the future Americans could be reasonably expected to pay!


The corrupt and criminal U.S. Government is in the process of deferring an infinite amount of public liabilities to the future Americans!


That is why I call bullshit on the fiscal policy of the U.S. Government!


Because of this accounting fraud, the U.S. upper class is getting richer and richer!


Because of this accounting fraud, the stock market is going higher and higher!


Because of this accounting fraud, the U.S. economy is appearing to get stronger and stronger!


The United States now has an unemployment rate of 3.6% that is the lowest since 1969 which ironically is the year that LBJ introduced the Unified Budget that launched this U.S. Government accounting fraud that I call USAPonzi! This accounting fraud is in the process of printing an infinite amount of imaginary-counterfeit money so Americans can buy an infinite amount of stuff with monopoly money and employers can pay their employees with monopoly money!


Printing an infinite amount of imaginary-counterfeit money will cause the U.S. economy to go to the moon! That is until the U.S. Government finally admits to this accounting fraud!


On April 24, 2019, I sent Whistleblower Letter #2 to the FBI-Chris Wray in an effort expose this $123.8 Trillion U.S. Government fraud/crime! I also sent this letter to Treasury Secretary Steve Mnuchin, Fed Chairman Jay Powell, and President  Donald Trump!


The current fiscal policy of the U.S. Government is a classic Ponzi scheme that I have named USAPonzi! This Ponzi scheme is produced because the U.S. Government is not using the proper accounting system, GAAP Accounting (Generally Accepted Accounting Principles) and, as a result, is printing what I call imaginary-counterfeit money at the rate of its GAAP basis deficit spending which is currently $16.7 Billion a day!


GAAP basis deficit spending by the U.S. Government creates unpayable public liabilities and produces imaginary-counterfeit private assets! The U.S. upper class gets most of these imaginary-counterfeit private assets which is what is causing wealth and income inequality


The corrupt and criminal U.S. Government is bifurcating the U.S. population into the haves and the have-nots with fraudulent accounting!


The U.S. economy appears to be roaring because the corrupt and criminal U.S. Government is in the process of fraudulently printing an infinite amount of imaginary-counterfeit money!


The U.S. economy is fraudulently roaring so much that it is causing Global Warming that is Destroying Planet Earth!


This accounting fraud is in the process of fraudulently printing an infinite amount of imaginary-counterfeit money that the planet is using to fill planet earth with an infinite number of trinkets, bottled drinks, snacks, t-shirts, tennis shoes, smartphones, computers, jewelry, cars, trucks, airplanes, boats, houses, banks, restaurants, medical facilities, sports facilities, stores, malls, skyscrapers, airports, cities, etc, etc!


The U.S. economy is not roaring because of the economic policies of the Republican scoundrel Donald J. Trump!


The U.S. economy is roaring because the Democrat scoundrel Lyndon Baines Johnson got the 90th U.S. Congress to approve an accounting fraud, I call it USAPonzi, by adopting the Unified Budget in 1969! This accounting fraud has been operating for nearly a half century and so far has fraudulently printed $123.8 Trillion of imaginary-counterfeit money!



National Debt  $22.3 Trillion 
Cash Deficit in FY2019  $0.95 Trillion 
GAAP Deficit in FY2019  $6.11 Trillion 
US Unfunded Future Liabilities  $101.5 Trillion 
US Unfunded Liabilities (GAAP)  $123.8 Trillion 
Imaginary-Counterfeit Money  $123.8 Trillion 
Total National Assets  $136.8 Trillion 

Source: www.usdebtclock.org May 3, 2019


This accounting fraud can only be equitably eliminated by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government!


You can learn more about this fraud/Ponzi scheme by reading my websites www.usaponzi.net and www.usaponzi.com or better yet by reading my fifth book on USAPonzi “USAPonziB” which is available on Amazon and on my websites in Kindle and PDF formats.


This is the biggest ($123.8 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