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

Wealth out of Thin Air by Fraud!
June 15, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 6/14/18


The following is an Op-Ed to “The Wall Street Journal”“The New York Times”“The Washington Post”, and “The Dallas Morning News” that explains how the U.S. Government is creating “Wealth out of Thin Air” by committing fiscal and accounting fraud! The U.S. Government is not using proper accrual accounting!


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 “colossally feather the nests of their upper-class friends”! The U.S. Government is not using proper accrual accounting!


The “news media” is aiding and abetting the corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud!


Wealth out of Thin Air by Fraud!
June 15, 2018


The U.S. Government is creating “Wealth out of Thin Air” for the U.S. upper class!


The U.S. Government is corrupt!


The U.S. Government is fraudulently borrowing monopoly money ($113.6 Trillion so far) from the future Americans and giving it to the U.S. upper class!


The U.S. Government is fraudulently borrowing $16.5 Billion more monopoly money every day from the future Americans and giving it to the U.S. upper class!


The U.S. Government is committing fiscal and accounting fraud by not operating its fiscal policy with proper GAAP Accounting!


The corrupt and criminal U.S. Government is creating “Wealth out of Thin Air” for the U.S. upper class by not accruing for the future benefit promises that the U.S. Government has made to the U.S. general public!


This is a $113.6 Trillion criminal act by the U.S. Government!


The U.S. Government has created $113.6 Trillion of imaginary-counterfeit wealth for the U.S. upper class by “Cooking the Books”!


The corrupt and criminal U.S. Government has deferred $113.6 Trillion of pubic liabilities (US Unfunded Liabilities (GAAP)) to the future Americans so that it can undertax and enrich the U.S. upper class by $113.6 Trillion!


The corrupt and criminal U.S. Government is digitally printing imaginary-counterfeit money with GAAP basis deficit spending and giving it to the U.S. upper class by undertaxing them!


The corrupt and criminal U.S. Government has created $113.6 Trillion of “Wealth out of Thin Air” for the U.S. upper class by committing accounting fraud!


The private net worth of all Americans is estimated to be $137.1 Trillion (Total National Assets) but $113.6 Trillion of that has been fraudulently borrowed from the future Americans! Therefore, 82.9% of U.S. private net worth is imaginary-counterfeit money that has been fraudulently borrowed from the future Americans ($113.6T/137.1T = 0.8286)!


Case closed!


The U.S. Government is corrupt!


The senior officials of the U.S. Government are common criminals that have committed a $113.6 Trillion criminal act by not using proper accrual accounting! The senior officials of the U.S. Government are common criminals because they are direct financial beneficiaries of this massive fraud!


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


This fraud is explained in more detail in my Open Letter to Planet Earth!


To eliminate this massive fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget. GAAP Accounting (Generally Accepted Accounting Principles) is the commonly used name in America for the accounting guidelines for accrual accounting.

 

National Debt   $21.1 Trillion  
Cash Deficit in FY2018   $0.77 Trillion  
GAAP Deficit in FY2018   $6.02 Trillion  
US Unfunded Future Liabilities   $92.5 Trillion  
US Unfunded Liabilities (GAAP)   $113.6 Trillion  
Imaginary-Counterfeit Money   $113.6 Trillion  
Total National Assets   $137.1 Trillion  

Source: www.usdebtclock.org Jun 15, 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”, “USAPonzi2”, and “USAPonzi3”!


This is the biggest ($113.6 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