Unlimited Wealth to the U.S. Upper Class!
December 2, 2016
Op-Ed to WSJ/NYT/DMN
Emailed 2nd time Dec 10, 2016
The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains how the U.S. Government is using a fraudulent fiscal policy and accounting system to give unlimited wealth to the U.S. upper class. I feel sure that none of these newspapers will print this Op-Ed, or any of my other Op-Eds, because they do not want the Common Man to find out what the U.S. Government is doing with this fraudulent fiscal policy and accounting system. But the crime has already been committed so eventually the Common Man will know the truth!
Unlimited Wealth to the U.S. Upper Class!
December 2, 2016
"Draining the Swamp in Washington, DC"
In my opinion, Donald Trump is on target with at least one of his campaign promises; that being the promise to "Drain the Swamp in Washington, DC"! But he may not yet realize that draining the swamp in Washington will also be draining his own swamp. Eliminating the fraud and corruption within the U.S. Government will expose the fact that Donald Trump has become super rich because of U.S. Government fraud.
The U.S. Government has fraudulently borrowed $104.4 Trillion from the future Americans and given it to the U.S. upper class. Donald Trump has become a multi-billionaire by getting a large chunk of this fraudulently borrowed money and now Donald Trump has gold plated fixtures in his bathrooms because the U.S. Government is corrupt. Donald Trump has built lavish resorts, hotels, golf courses, condo towers, office buildings, and personal living quarters because the U.S. Government has borrowed $104.4 Trillion of monopoly money from the future Americans and has given several billion dollars of it to Donald Trump and his businesses by undertaxing them.
Now we have elected Donald Trump to be CEO of the organization that has been committing fiscal and accounting fraud to give him $5-10 Billion, depending on whom you believe about the measure of his net worth. This has created a major conflict of interest for President-elect Donald Trump. Will he have the intestinal fortitude to eliminate the fraud and corruption within the U.S. Government that will cost him $Billions?
The U.S. Government is committing fiscal and accounting fraud to give unlimited wealth to the U.S. upper class. The U.S. Government has already fraudulently given the U.S. upper class $104.4 Trillion and is giving them $15.5 Billion more every day by undertaxing the current Americans and deferring $104.4 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans. The U.S. Common Man should be outraged that the U.S. Government is cheating the Common Man and the rest of the Planet so that the U.S. Government can overpay itself and give their rich friends $104.4 Trillion. The working Common Man has to earn real money by providing a service or producing a product while the U.S. ruling class is getting overpaid and the U.S. upper class is getting rich because the U.S. Government is fraudulently borrowing imaginary-counterfeit money from the future Americans to overpay the ruling class and enrich the upper class.
The U.S. Government is stealthily and systematically mainlining imaginary-counterfeit money into the pockets of the U.S. upper class at the rate of our GAAP basis deficit spending which is $15.5 Billion a day. This is why we have a wealth gap! The U.S. Government has given the current Americans $104.4 Trillion and most of it is going to the U.S. upper class by dramatically undertaxing them. Is it any wonder that the Common Man feels like the U.S. economy is leaving them behind. The U.S. Government is lining its own pockets with this fraud but it is dramatically lining the pockets of the U.S. upper class by operating with a dramatically unbalanced budget.
As my website www.usaponzi.com and my book "USAPonzi" explain, the U.S. Government is operating with a fiscal policy and accounting system that has produced a massive Ponzi scheme which I have named USAPonzi. As of December 2, 2016, the U.S. Government has borrowed $104.4 Trillion from the future Americans and has given it to the current Americans. The U.S. Government distributes this borrowed money to the current Americans by 1) overpaying the U.S. Government employees and businesses, 2) overpaying the U.S. Government benefit recipients, and 3) undertaxing the current Americans.
While all Americans benefit from this U.S. Government fraud, the primary beneficiaries of this fraud are the U.S. upper class because they have been undertaxed by $104.4 Trillion. If this fraudulent fiscal policy is allowed to continue, USAPonzi will transfer unlimited wealth (infinite wealth) to the U.S. upper class while deferring unlimited public liabilities (infinite public liabilities) to the future Americans. Further, the U.S. Government employees are being overpaid by this fiscal policy so neither the U.S. ruling class nor the U.S. upper class have a personal incentive to expose or eliminate this U.S. Government fraud other than an ethical responsibility to do the right thing.
However, the U.S. ruling class has taken an oath of office that they will protect and defend the Constitution of the United States of America and as Abraham Lincoln stated "be a government of the people by the people and for the people". The Fourteenth Amendment to the Constitution includes the statement "equal protection of the laws" however this fiscal policy is promoting inequality by fraudulently giving economic advantage to various segments of the U.S. population. With this fiscal policy, the U.S. Government is favoring Americans over the rest of the planet, is favoring the U.S. ruling class over the Common Man, and is dramatically favoring the U.S. upper class over the Common Man by borrowing $104.4 Trillion of monopoly money from the future Americans.
The U.S. Government has fraudulently given the U.S. upper class $104.4 Trillion! This is incomprehensible! This is absurd! How can this be considered equality?
This is fraud! This is a criminal act!
The Common Man needs to know that the U.S. Government is making promises to pay various U.S. Government benefits (Social Security, Medicare, Medicaid, pensions, veteran's benefits, etc.) to the Common Man but has underfunded these promises by $84.5 Trillion (US Unfunded Future Liabilities) so that it does not have to tax the U.S. upper class to fund these future benefit promises. Further, the U.S. Government has been spending the paid in tax revenues intended to fund these future benefit promises so that it can overpay the U.S. Government employees and businesses. This was permitted when the U.S. Congress approved the "Unified Budget" that launched USAPonzi. With the approval of the "Unified Budget", the U.S. Government gave itself the authority to spend all paid in tax revenue for any purpose that it chooses rather than retaining/reserving the social benefit tax revenue for paying future social benefit promises.
That's right, the U.S. Government is using your paid in Social Security and healthcare benefit money to overpay itself! The U.S. Government has already spent every penny of your Social Security and healthcare money; every single penny!
The U.S. Government tells us that Social Security is funded thru 2033 or thereabouts but what they do not tell us is that the U.S. Government has "borrowed and spent" all of the money in the Social Security Trust Fund to help cover cash basis budget short fall. The same is true for the healthcare promises that the U.S. Government has made. The U.S. Government has no provision for how it will pay back the $5.5 Trillion that it has "borrowed" from the Social Benefit Trust Funds or the $14.4 Trillion that it has borrowed from the public. We now have $104.4 Trillion of public liabilities and a GAAP basis budget deficit in FY2017 of $5.67 Trillion. The current Americans are getting very rich because the U.S. Government is assuming massive public liabilities to be paid by the future Americans but now the U.S. Government is bankrupt because it has made financial commitments that it cannot keep.
The U.S. Government is borrowing monopoly money, I call it imaginary-counterfeit money, from the future Americans so that the U.S. Government can overpay itself and appear to make its upper class friends insanely wealthy ($104.4 Trillion). This is fraud and the U.S. Government officials that are approving this fraud, the U.S. Congress and the President of the United States, are criminals! I have sent each member of the U.S. Congress a whistleblower letter exposing this fraud.
The U.S. Supreme Court is now complicit in this massive fraud because they have refused to take action to remedy this fraud even though I have sent each member of the U.S. Supreme Court two whistleblower letters including copies of my book exposing this fraud.
The U.S. Securities and Exchange Commission is also complicit in this fraud because I have sent 12 whistleblower letters to the SEC exposing this fraud and the SEC has taken no action to remedy this fraud. The excuse that the SEC uses for not taking action, is that they do not have jurisdiction over the U.S. Government not to mention the fact that they are making a very nice living because of this fraud. They are being paid far more than the U.S. taxpayers can afford because of this Ponzi scheme fiscal policy.
The U.S. Government is transferring massive wealth ($104.4 Trillion of US Unfunded Liabilities (GAAP)) to U.S. upper class by undertaxing them, is overpaying U.S. Government employees and U.S. Government benefit recipients ($19.9 Trillion of National Debt), and underfunding the U.S. Government future benefit promises ($84.5 Trillion of US Unfunded Future Liabilities).
|Cash Deficit in FY2017
|GAAP Deficit in FY2017
|US Unfunded Future Liabilities
|| $84.5 Trillion
|US Unfunded Liabilities (GAAP)
|| $104.4 Trillion
|Total National Assets
Source: www.usdebtclock.org Dec 2, 2016
This U.S. Government fiscal and accounting fraud can only be equitably eliminated by the adoption of GAAP Accounting (Generally Accepted Accounting Principles) and a commitment to a balanced GAAP basis budget by the U.S. Government.
As long as this fraudulent fiscal policy is allowed to continue, the U.S. upper class will continue to become richer and richer because this fiscal policy will continue to borrow an ever-increasing amount of imaginary-counterfeit money from the future Americans and give it to the current Americans with most of it going to the U.S. upper class. I call this ever-expanding pool of imaginary-counterfeit money (currently $104.4 Trillion) the Oswald Financial Bubble because USAPonzi was launched because Oswald Assassinated JFK.
As long as the U.S. Government operates with an unbalanced budget, someone is going to gain imaginary private wealth. Right now, it is the U.S. upper class that gets most of the benefit of this fraud and that benefit is $104.4 Trillion. $104.4 Trillion is a whole hell of a lot of money (See How Much Money is $2.5 Trillion?).
The U.S. upper class is Getting Rich from U.S. Government Fraud. Every day the U.S. Government fraudulently borrows another $15.5 Billion from the future Americans and gives it to the U.S. upper class with GAAP basis deficit spending (GAAP Deficit in 2017 of $5.67T/365 = $15.5B).
This is why we have so many imaginary millionaires and billionaires. The U.S. Government just borrows/steals monopoly money ($104.4 Trillion) from the future Americans and stuffs it into the pockets of the current Americans with this Ponzi scheme fiscal policy that I call USAPonzi. This is a classic Ponzi scheme technique (See The Imaginary Millionaires and Billionaires)!
As I have stated many, many times, this Ponzi scheme can go on for a long, long time because the future Americans have a lot of monopoly money since it is just a figment of the U.S. Government's imagination and has no value whatsoever. It is, after all, imaginary-counterfeit money! The U.S. Government has been running this absurd fiscal policy for 48 years and until the U.S. Government starts telling the financial truth the U.S. upper class will appear to get richer and richer and we will continue to fill the planet with junk purchased with the monopoly money that the U.S. Government is fraudulently creating out of "thin air" by borrowing it from the future Americans with GAAP basis deficit spending!
This fraud is explained in CliffsNotes format (USAPonzi CliffsNotes) and is also explained in much more detail on my website www.usaponzi.com and in my book “USAPonzi” which is available on Amazon in Kindle and Paperback formats and on my website in PDF format.
This is the biggest ($104.4 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and it is "The Biggest Ponzi Scheme on the Planet"!
John W. White