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

War and Terror are Financed by Fraud! 181017
October 17, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 10/17/18


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post”, and “The Dallas Morning News” which explains why “War and Terror are Financed by Fraud”!


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 “news media” is aiding and abetting the corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud! The
U.S. Government should be operating its fiscal policy with accrual accounting!


War and Terror are Financed by Fraud! 181017

October 17, 2018


In this commentary, I will attempt to explain why I contend that both warring and terrorism are dramatically magnified by the fiscal and accounting fraud of the U.S. Government that I call USAPonzi!


The U.S. Government is ratcheting up both global war and global terrorism by fraudulently borrowing more and more money from the future Americans to finance America, our friends, and our foes so everyone can buy more guns and bombs! So far, the U.S. Government has fraudulently borrowed $115.2 Trillion from the future Americans, money the future Americans do not have, and given it to the current Americans!


America, our friends, our foes, global terrorists, and local terrorists are all buying guns and bombs with monopoly money that the U.S. Government is producing with fiscal and accounting fraud!


The U.S. Government is not using proper accrual accounting and therefore is not accruing the money to pay for future U.S. Government spending commitments because the U.S. Government is operating its fiscal policy with Cash Accounting rather than the proper and Generally Accepted Accounting Principles (GAAP Accounting)! The U.S. Government is committing fiscal and accounting fraud by not using the proper accounting system and, as a result, is fraudulently borrowing money from the future Americans and giving it to the current Americans!


I call this fraudulently borrowed money, imaginary-counterfeit money, since it does not exist (it is imaginary) and has no value (it is counterfeit) because the future Americans do not have this money and cannot pay it!


This is a classic Ponzi scheme, I call it USAPonzi, that is fraudulently borrowing money from the future Americans and giving it to the current Americans!


America
and the upper-class Americans appear to be rich because the U.S. Government has fraudulently borrowed $115.2 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the current Americans!


America
and the upper-class Americans appear to be prosperous because the U.S. Government borrows more money from the future Americans every year and gives it to the current Americans! In FY2019, the U.S. Government is projected to borrow $6.05 Trillion (GAAP deficit in FY2019) from the future Americans and give it to the current Americans! The U.S. Government is giving the current Americans $16.6 Billion every day and most of this money is going to the U.S. upper class!


America
has the largest military arsenal of guns and bombs on the Planet because the U.S. Government is paying for this military dominance with imaginary-counterfeit money that it has fraudulently borrowed from the future Americans and given to the current Americans!


Americans
are also buying stuff with this imaginary-counterfeit money so that our friends, our foes, and terrorists can also have the money to buy bombs and guns!


We buy stuff from China (#2 on the top military spenders list) with our imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans so China can buy guns and bombs with the imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans and given to the current Americans!


We buy oil from Saudi Arabia (#3 on the top military spenders list) and others with our imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans so Saudi Arabia and others can buy guns and bombs with our imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans and given to the current Americans!


We buy stuff from other countries with our imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans and given to the current Americans so these other countries can buy oil and gas from Russia (#4 on the top military spenders list) so Russia can buy guns and bombs with our imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans and given to the current Americans!


Author's Note: Vladimir Putin himself has gained an estimated net worth of $70-200 Billion, simply because the U.S. Government has fraudulently borrowed $115.2 Trillion from the future Americans so the current Americans can spend it buying stuff from countries that are in turn buying oil and gas from Russia! Vladimir Putin is an imaginary-counterfeit billionaire created by a $115.2 Trillion U.S Government fiscal and accounting fraud!


We buy cars, airplanes, and other stuff from Japan (#8), Germany (#9), South Korea (#10), and others with our imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans so they can buy guns and bombs with our imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans and given to the current Americans!


Since the U.S. Government is borrowing imaginary-counterfeit money from the future Americans and giving it to the current Americans at an exponentially increasing rate, we are producing an exponentially increasing amount of guns and bombs for ourselves, our friends, and our foes!


Global terrorists
are also benefiting from this accounting fraud because they too can buy guns and bombs with the imaginary-counterfeit money that the U.S. Government is printing with GAAP basis deficit spending.


Local terrorists
are benefiting from this accounting fraud because this accounting fraud is printing a never-ending supply of imaginary-counterfeit money that has produced millions of imaginary millionaires that now have the capability to build their own personal arsenals if they are so inclined! Some of these folks now have a net worth that could pay for a military arsenal the size of that of a small country! Jeff Bezos has an imaginary-counterfeit net worth that is oscillating around $150 Billion because of this accounting fraud!


The magnitude of this fraud, currently $115.2 Trillion, gives tremendous financial, economic, political, and military leverage to small groups and even individuals!


According to the Forbes 2018 rich list, we now have 2,208 imaginary-counterfeit billionaires simply because the U.S. Government has fraudulently borrowed $115.2 Trillion from the future Americans and given it to the U.S. upper class!


This accounting fraud, that I call USAPonzi, is producing money at a rate that is non-linear relative to labor productivity and is inequitably distributed since most of this imaginary-counterfeit money gets distributed to the U.S. upper class!


Even minor local terrorists can readily accumulate enough of this imaginary-counterfeit money to create a carload or truckload of guns and bombs to terrorize schools or other public venues! Given enough time, this can be done by a single individual from his/her government benefits of imaginary-counterfeit money that this accounting fraud is producing so they can conduct local terrorism if they are so inclined!


This accounting fraud is causing serious distortions in the global financial and economic system because the money supply is not correlated to labor expended or products produced. The global money supply is being flooded with imaginary-counterfeit money that is being produced by the U.S. Government fiscal and accounting fraud by fraudulently borrowing it from the future Americans at the current rate of $16.6 Billion a day!


The military dominance of the United States is reflected in the following table that was sourced from the May 2, 2018 Business Insider. I contend that a huge portion of this military spending is a direct result of the U.S. Government fraudulently borrowing money, $115.2 Trillion so far, from the future Americans and giving it to the current Americans!


The United States of America has the biggest military arsenal ever assembled because the U.S. Government is printing imaginary-counterfeit money so we can buy a lot of guns and bombs!


America gets to buy its bombs and guns very quickly, by issuing U.S. Treasury bonds, while the other countries have to wait for the imaginary-counterfeit money to trickle down to their coffers through economic activity!


https://www.businessinsider.com/highest-military-budgets-countries-2018-5


The 15 countries with the highest
military budgets in 2017

 Rank                Country  Budget 
United States  $610.0B 
China  $228.0B 
Saudi Arabia  $69.4B 
Russia 

$66.3B 

India  $63.9B 
France  $57.8B 
United Kingdom  $47.2B 
Japan  $45.4B 
Germany  $44.3B 
10  South Korea  $39.2B 
11  Brazil  $29.3B 
12  Italy  $29.2B 
13  Australia  $27.5B 
14  Canada  $20.6B 
15  Turkey  $18.2B 


This accounting fraud is financing warring capability all over the planet and is also financing global and local terrorists! $115.2 Trillion  of imaginary-counterfeit money can buy a lot of guns and bombs!


The corrupt and criminal U.S. Government is running a massive Ponzi scheme, which I have named USAPonzi, that is caused by the U.S. Government operating its fiscal policy with Cash Accounting rather than the proper and Generally Accepted Accounting Principles (GAAP Accounting)!


When this fraud is exposed, i.e. when USAPonzi implodes, $115.2 Trillion of imaginary-counterfeit money will evaporate as will $6.05 Trillion of annual imaginary-counterfeit income to Americans because of the ongoing and fraudulent GAAP  basis deficit spending by the U.S. Government!


When USAPonzi implodes, military spending will drop dramatically and hopefully we will see a corresponding reduction in warring and global terrorism. However, I am not so optimistic about the reduction in local terrorism, because a lot of the U.S. general public will be infuriated when they realize that their U.S. Government benefits have been unfunded so the U.S. Government can enrich itself and colossally enrich the U.S. upper class!


We are going to have some really mad folks when this fiscal and accounting fraud is properly exposed!


USAPonzi
is a $115.2 Trillion
fraud that is growing by $16.6 Billion a day!


The U.S. Government is corrupt!


The senior officials of the U.S. Government are common criminals that have committed a $115.2 Trillion criminal act by not operating the U.S. Government fiscal policy with proper accrual accounting! The senior officials of the U.S. Government are common criminals because they are direct financial beneficiaries of this massive fraud! The corrupt and criminal U.S. Government is overpaying itself with imaginary-counterfeit money!


We have 535 criminals in the U.S. Congress and an untold number of criminals in the White House!


I have sent 14 whistleblower letters to the U.S. Securities and Exchange Commission, a whistleblower letter to every member of the U.S. Congress, and 9 whistleblower letters to each member of the U.S. Supreme Court so that all three branches of the U.S. Government would be informed of this massive fraud!


I have also sent over 200 Op-Eds to the “mainstream media” in an attempt to expose this massive fraud to the citizens of Planet Earth! None of these Op-Ed candidates have been published!


This massive fraud is explained in more detail in my Open Letter to US Government, my Open Letter to Planet Earth, and my Open Letter to US General Public!


I have presented specific fraud charges against the U.S. Government in my Fraud Charges against U.S. Government commentary!


I have also explained this fraud to the International Monetary Fund in my Open Letter to the International Monetary Fund commentary!


To eliminate this massive ($115.2 Trillion) fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.

 

National Debt  $21.6 Trillion 
Cash Deficit in FY2019  $0.86 Trillion 
GAAP Deficit in FY2019 
$6.05 Trillion 
US Unfunded Future Liabilities  $93.6 Trillion 
US Unfunded Liabilities (GAAP)  $115.2 Trillion 
Imaginary-Counterfeit Money 
$115.2 Trillion 
Total National Assets 

$149.4 Trillion 

Source: www.usdebtclock.org Oct 17, 2018


This fraud/Ponzi scheme (USAPonzi) is explained in much more detail on my websites www.usaponzi.net and www.usaponzi.com and in my books “USAPonzi” 11/22/15, “USAPonzi2 5/1/17, “USAPonzi3 2/1/18, and “USAPonziA 9/1/18! Each of these books have updates that I made every few days until the next book was published. I have published 666 commentaries since March 29, 2013 in an attempt to explain and expose this massive U.S. Government fraud!


This is the biggest ($115.2 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.


John W White

Plano, TX