USAPonzi-The Biggest Ponzi Scheme on the Planet-The U.S. Government

                    Copyright Declaration                                                                                                                                       John W. White    March 29, 2013

Wall Street Casino, IPOs, SPACs, and Fraud 210210
February 10, 2021
Emailed to United Nations, Fed Chair Jay Powell, Minneapolis Fed President Neel Kashkari, Dallas Fed President Robert Kaplan, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, The U.S. SEC, NYT/WSJ/WP/CNBC/DMN on 2/10/21


I am a whistleblower! The U.S. Government is corrupt! The corrupt U.S. Government is fraudulently borrowing counterfeit money (so far $159.3 Trillion) from the future Americans and giving it to the U.S. upper class!


The corrupt U.S. Government has set up the biggest rigged casino on Planet Earth: The Wall Street Casino!


The corrupt U.S. Government is operating the Wall Street Casino with $159.3 Trillion of fake chips that it has fraudulently borrowed from the future Americans and given to the U.S. upper class!


The fake chips that are used in the Wall Street Casino are fraudulently minted by the corrupt U.S. Government by committing a fiscal and accounting fraud that I call USAPonzi! The corrupt U.S. Government is not accruing the money to pay future benefit promises to the U.S. general public!


The corrupt U.S. Government is minting these fake chips by fraudulently pretending that the future Americans will be able to someday make these fake chips worth their face value by finding an infinite pot of gold at the end of the rainbow!


In the Wall Street Casino, the U.S. upper class and the U.S. ruling class are guaranteed to win big and the U.S. general public and the rest of the planet are guaranteed to lose big
The corrupt U.S. Government is in the process of minting an infinite number of fake chips and giving them to the U.S. upper class and pretending like they can be cashed out at the cashier's cage for real money!


The corrupt U.S. Government is promising future benefits to the U.S. general public but is not taxing the U.S. upper class to pay for these future benefits! The corrupt U.S. Government is slipping fake chips under the table to the U.S. upper class by undertaxing them!


I say this is the biggest rigged casino on the planet because the corrupt U.S. Government has slipped $159.3 Trillion worth of fake chips under the table to the U.S. upper classThe corrupt U.S. Government is currently slipping an average of $35.1 Billion more fake chips under the table to the U.S. upper class every day (GAAP Deficit in FY2021 = $12.81T/365 days = $35.1B/day) with GAAP basis deficit spending!


The global economy is now buying and selling stuff with $159.3 Trillion of fake chips that the corrupt U.S. Government is pretending to borrow from the future Americans
The Wall Street Casino is buying and selling stocks with $159.3 Trillion of fake chips that the corrupt U.S. Government is pretending to borrow from the future Americans!


Companies just cannot wait to get their slot machines registered at the Wall Street Casino so they can start getting these fake chips stuffed into their pockets! And the corrupt U.S. Government is in the process of minting an infinite amount of fake chips!


The corrupt U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is minting these fake chips, I call it imaginary-counterfeit money, by deferring public liabilities to the future Americans! The corrupt U.S. Government is pretending like the future Americans will eventually come up with the money to cash out all of the fake chips the U.S. Government has minted!


The way these companies register their slot machines, at the world's biggest rigged casino, is with an IPO (Initial Public Offering) or a SPAC (Special Purpose Acquisition Company).


IPO-Initial Public Offering
An initial public offering (IPO) refers to the process of offering shares of a private corporation to the public in a new stock issuance. Public share issuance allows a company to raise capital from public investors. The transition from a private to a public company can be an important time for private investors to fully realize gains from their investment as it typically includes share premiums for current private investors. Meanwhile, it also allows public investors to participate in the offering.


SPAC-Special Purpose Acquisition Company
Special Purpose Acquisition Companies or SPACs are non-operating publicly-listed companies whose purpose is to identify and purchase a private company, allowing the acquisition target to have publicly listed stock.


Private companies just cannot wait to get their slot machines registered with an IPO or a SPAC at the Wall Street Casino that is being run by the U.S. Government mafia! These private companies want to get access to this infinite stream of fake chips that the U.S. Government mafia is minting!


Companies that do not even have a successful or profitable business are clambering to go public in the Wall Street Casino so they can start collecting these fake chips!


More and more private companies with strange names and strange business plans are trying to move faster and faster to become a public company so they can siphon off a nice chunk of this infinite supply of fake chips that the corrupt U.S. Government is fraudulently minting!


Wall Street has invented this new method, Special Purpose Acquisition Companies, to expedite the process of getting their slot machines registered at the Wall Street Casino without having to tell the investing public very much about how their slot machine works!


And the corrupt U.S. Government is using fraudulently accounting to avoid telling the investing public that these slot machines are spitting out fake chips because the corrupt U.S. Government is putting in fake chips!


The problem is that when people line up at the cashier's cage to cash out this infinite stack of fake chips, the backer of the Wall Street Casino, the U.S. Government, cannot cash out the fake chips of even the first person in the cashier's cage line! The corrupt U.S. Government has no money and it needs to cash out $159.3 Trillion of fake chips!


The stock market, the scorecard for the Wall Street Casino, is continually and fraudulently going up because the operator of the Wall Street Casino, the corrupt U.S. Government, is in the process of minting an infinite number of fake chips and giving them to the U.S. upper class!


The U.S. Government mafia has rigged the Wall Street Casino to dramatically and fraudulently enrich the U.S. upper class by committing a $159.3 Trillion fiscal and accounting fraud!


The following commentaries explain this fiscal and accounting fraud that I call USAPonzi!


USAPonzi-The Great American Fraud
Whistleblower Letter #3 to U.S. General Public
Whistleblower Letter #6 to Congress


The devastating impact of this accounting fraud on Planet Earth is summarized in my Oct 1, 2020 commentary.


Quintet of Global Crises (Economy, Climate, Health, Hunger, Depression)


National Debt  $27.9 Trillion 
Cash Deficit in FY2021  $3.21 Trillion 
GAAP Deficit in FY2021  $12.81 Trillion 
US Unfunded Future Liabilities  $131.4 Trillion 
US Unfunded Liabilities (GAAP)  $159.3 Trillion 
Imaginary-Counterfeit Money  $159.3 Trillion 
US Total National Assets  $157.3 Trillion 

Source: www.usdebtclock.org February 10, 2021


The current fiscal policy of the corrupt U.S. Government, I call it USAPonzi, is Destroying Planet Earth!


I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain USAPonzi and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can also be downloaded from my www.usaponzi.net website.


John W. White
Plano, TX