USAPonzi: The Ultimate Government Fraud! $101.5 Trillion
March 16, 2016
As Posted on www.usaponzi.com
This is a summary status update of USAPonzi: The Ultimate Government Fraud as of March 16, 2016.
National Debt: $19.1 Trillion
GAAP Deficit for FY2016: $5.81 Trillion
US Unfunded Future Liabilities: $82.4 Trillion
US Unfunded Liabilities (GAAP): $101.5 Trillion
Imaginary-counterfeit money: $101.5 Trillion
The U.S. Government is corrupt!
The U.S. Government is "Cooking the Books"!
The U.S. Government is committing fiscal and accounting fraud!
The U.S. Government is using an improper accounting system by assessing and reporting its financial condition with Cash Accounting rather than the proper GAAP Accounting.
The U.S. Government, by "Cooking the Books", has been operating a $101.5 Trillion Ponzi scheme for more than 47 years that I have named USAPonzi.
The U.S. Government, by "Cooking the Books" and overspending its cash receipts, has been able to overpay itself by more than $19.1 Trillion our National Debt.
The U.S. Government has spent ALL of the money ($5.3 Trillion per treasurydirect.gov) that U.S. citizens have paid in to fund the social benefit promises that the Government has made.
The U.S. Government has no money in the social benefit trust fund to pay what are now $82.4 Trillion of Unfunded Future Liabilities.
The U.S. Government has undertaxed the U.S. upper class citizens and businesses by $101.5 Trillion to make them appear to be very very wealthy with imaginary-counterfeit money.
The U.S. Government has created a dramatic "Wealth Gap" by giving the U.S. upper class $101.5 Trillion.
While the U.S. working class, the Common Man, is working for relatively modest wages; the U.S. ruling class is getting dramatically overpaid ($19.1 Trillion) and the U.S. upper class is getting dramatically undertaxed ($101.5 Trillion) and filthy rich from this U.S. Government fiscal and accounting fraud.
The U.S. Government is "Cooking the Books" so that it can transfer massive ($101.5 Trillion is definitely massive) wealth to the U.S. ruling class and the U.S. upper class.
The U.S. Government, by "Cooking the Books", has created $101.5 Trillion of imaginary-counterfeit money and counterfeit wealth (See The Theory of Imaginary Money).
The U.S. Government has pretended to borrow this $101.5 Trillion from the future U.S. taxpayers to perpetrate this fraud. The amount borrowed from the future U.S. taxpayers is posted on www.usdebtclock.org as "US Unfunded Liabilities (GAAP)".
This U.S. Government fraud has made both of our leading presidential candidates very wealthy! The following is the amount of benefit that each of them have received just from this fraud. I have not attempted to separate Bill and Hillary's gains.
Bill and Hillary Clinton: $2.12 Billion (Includes the $2 Billion of bribes paid to the Clinton Foundation by some of the grateful beneficiaries of this $101.5 Trillion of counterfeit wealth)
Donald Trump: $3.91 Billion
You can learn more about this massive U.S. Government fraud/Ponzi scheme by reading my website www.usaponzi.com or better yet by reading my book "USAPonzi: The Ultimate Government Fraud" which is available on Amazon. This book can also be read directly from my website in PDF format.
This is the biggest financial fraud ever perpetrated, I call it
"USAPonzi: The Ultimate Government Fraud"!
"The Biggest Ponzi Scheme on the Planet"!
The financial data presented in this commentary was sourced from www.usdebtclock.org as of March 16, 2016.