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

The U.S. Government is oppressing the Common Man!
May 18, 2017    Emailed to WSJ/NYT/DMN on May 18, 2017


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 that is oppressing the Common Man.


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 U.S. Government is oppressing the Common Man!

May 18, 2017


The U.S. Government is oppressing the U.S. Common Man. The U.S. Government is oppressing the U.S. Common Man by dramatically enriching the U.S. upper class.


The U.S. Government is corrupt! The senior officials of the U.S. Government are criminals! The U.S. Government is NOT OPERATING its current fiscal policy with Generally Accepted Accounting Principles (GAAP Accounting). As a result, the U.S. Government is not taxing the U.S. upper class enough to pay for the U.S. Government benefit promises that the U.S. Government has made.


The U.S. Government has undertaxed the U.S. upper class by $106.2 Trillion giving them great wealth. The U.S. Government has overpaid the U.S. ruling class by $19.9 Trillion giving them an opulent lifestyle. The U.S. Government has underfunded the U.S. Government benefit promises to the U.S. Common Man by $86.3 Trillion. The U.S. Government is making false benefit promises to the U.S. Common Man while enriching the U.S. ruling class and colossally enriching the U.S. upper class.


This is a colossal economic human rights issue. Why should the U.S. Government be giving dramatic economic advantage to the U.S. upper class and the U.S. ruling class while cheating the U.S. Common Man? The U.S. upper class has gained $106.2 Trillion and the U.S. Common Man has been shortchanged by $86.3 Trillion. And in the process the U.S. Government has overpaid itself by $19.9 Trillion.


But the fraud does not stop there. The U.S. Government has deferred $106.2 Trillion of public liabilities to the future Americans so that the current Americans then have $106.2 Trillion to buy things from the rest of the planet with this $106.2 Trillion that has been fraudulently borrowed from the future Americans. We have been buying things for the last 48 years with the fraudulently borrowed money that I call imaginary-counterfeit money.


But the impact of this fraud does not stop there. This fraudulent fiscal policy is a classic Ponzi scheme, I call it USAPonzi, that will give the U.S. upper class infinite imaginary-counterfeit wealth while the U.S. Common Man is having to earn a living with real money that is earned by the "sweat of the brow". By creating an exponentially increasing stream of imaginary-counterfeit money that is borrowed from the future Americans, this has created rampant inflation in the U.S. and global economy. Asset prices have inflated and consumer prices have inflated (See Inflation: A Byproduct of USAPonzi).


The U.S. upper class and the U.S. ruling class can deal with this inflation because the U.S. Government is giving them the imaginary-counterfeit money that is causing this inflation. The U.S. Common Man does not enjoy this benefit. The U.S. Common Man oftentimes cannot even afford to live in the same general areas with U.S. upper class and the U.S. ruling class because of the economic disparity that this fiscal and accounting fraud is creating.


The rich are getting richer and richer!


The U.S. Common Man is getting poorer and poorer on a relative basis!


The U.S. Government is being run by a bunch of criminals!


This fraud has already produced $106.2 Trillion of imaginary-counterfeit money and is producing another $15.29 Billion every day!

 

National Debt    $19.9 Trillion 
Cash Deficit in FY2017  $0.59 Trillion 
GAAP Deficit in FY2017 
$5.58 Trillion 
US Unfunded Future Liabilities  $86.3 Trillion 
US Unfunded Liabilities (GAAP)  $106.2 Trillion 
Imaginary-Counterfeit Money 
$106.2 Trillion 
Total National Assets 
$131.5 Trillion 

Source: www.usdebtclock.org May 18, 2017


This U.S. Government 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.


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.


This is the biggest ($106.2 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

Plano, TX