USAPonzi2: Introducing my second book on USAPonzi!
May 8, 2017
I have just published, in Kindle and PDF formats, my second book "USAPonzi2" that exposes and explains the Ponzi scheme fiscal policy of the U.S. Government that I call USAPonzi. This book is a somewhat shorter book than "USAPonzi" that reduces redundancy, incorporates the description of USAPonzi from my www.usaponzi.net website, and updates the baseline reference financial information to May 1, 2017. The baseline reference financial information for "USAPonzi" was from November 22, 2015.
Both of these books explain that the current fiscal policy of the U.S. Government is using an improper accounting system, using Cash Accounting rather than the proper GAAP Accounting, to manage the finances of arguably the most important financial entity on the planet, the U.S. Government. As a result of this fiscal policy, the U.S. Government has deferred $106.0 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans which can never be paid by the future Americans. This fiscal policy therefore has the effect of fraudulently borrowing $106.0 Trillion from the future Americans and giving this fraudulently borrowed money to the U.S. upper class by undertaxing them. I call this fraudulently borrowed money imaginary-counterfeit money.
The U.S. Government is fraudulently enriching the U.S. upper class by $106.0 Trillion.
Both of these books "USAPonzi" and "USAPonzi2" expose and explain this fraud and the impact this fraud is having and will have on the global economy and the global financial system.
| National Debt |
$19.9 Trillion |
| Cash Deficit in FY2017 |
$0.59 Trillion
|
GAAP Deficit in FY2017
|
$5.58 Trillion
|
| US Unfunded Future Liabilities |
$86.1 Trillion
|
| US Unfunded Liabilities (GAAP) |
$106.0 Trillion
|
| Imaginary-Counterfeit Money |
$106.0 Trillion
|
| Total National Assets |
$131.2 Trillion
|
Source: www.usdebtclock.org May 8, 2017
This U.S. Government fraud, that I call USAPonzi, 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 USAPonzi scheme 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. Both of my books are available on this website in both Kindle and PDF formats.
USAPonzi is the biggest ($106.0 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