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

Wealth Transfer
Dec 2014

Unfortunately, the supplemental income, as described in Living Beyond our Means, is not distributed immediately and equally to each citizen.  There is significant skewing of the distribution of the Qvalue (currently $5-6 Trillion per year of GAAP-basis Deficit spending) that USAPonzi presents to the U.S. and global economy.  I contend that much of this Qvalue has been realized by shrewd investors, wall street executives, business executives, entertainment stars, sports stars, politicians, Government consultants, etc.   Much of the $85 Trillion of Qvalue (GAAP-basis Deficit spending and now our Federal Obligation) that has been created over the last 45 years by USAPonzi, has been transferred to what we now call the 1%ers and has produced (at least on paper) 1,426 (Forbes 2013) worldwide billionaires, millions of millionaires, hundreds of $billion companies, and 287 (hedgefundintelligence 2013) $billion hedge funds. 

The USAPonzi scheme is so massive that it has moved the needle throughout the world inflating not just the U.S. GDP but the Global GDP.  We could not have built as many big houses, we could not have purchased as many Mercedes, BMW, VW, Lexus, Toyota, Honda, Hyundai, or "American" etc. cars, trucks, and motorcycles, we could not have purchased as many airplanes and boats, we could not have purchased as many PCs and smartphones, we could not have purchased as many tee shirts, jeans, and sneakers, etc.,etc.........   We have helped make the oil producing countries rich because we have been able to buy their oil with Qvalue dollars.   We have helped create the miracle of the German economy by being able to buy German products with Qvalue dollars   We have helped create the miracle of the Japan economy by being able to buy Japan products with Qvalue dollars.  Because other countries began to aggressively compete with Japan for the U.S. Qvalue dollars, Japan has been forced to expand their own Japan Ponzi scheme to just maintain their economy on a flat line.  We have helped create the miracle of the South Korea economy by being able to buy South Korea products with Qvalue dollars.  We have helped create the miracle of the China economy (China Ponzi) by being able to buy China products with Qvalue dollars.  

$85 Trillion (as of September 30, 2012) will buy a lot of stuff!!

Note: I estimate that this Qvalue has now grown to $93.2 Trillion as of January 1, 2014.  (see USAPonzi Fiscal Model)

And largely because of a simple little accounting trick by LBJ in 1968.

Next page: Take away the Punchbowl!