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

Whistleblower Email #1 to Michael Kuperberg USGCRP 190920
September 20, 2019

Emailed to Michael Kuperberg-USGCRP and Jay Powell-Fed Chairman 9/20/19
 

I have sent several prior emails to USGCRP and others explaining why I contend that U.S. Government fiscal and accounting fraud is the cause of Global Warming!


I sent the following Email to Dr. Michael Kuperberg Executive Director of the United States Global Change Research Program on September 20, 2019 to explain


The Cause of Global Warming


To: Dr. Kuperberg
Executive Director
US Global Change Research Program


I am writing to give my explanation for what is causing Global Warming that is Destroying Planet Earth!


Global Warming is caused by the U.S. Government not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting). By operating with Cash Accounting rather than proper GAAP Accounting the U.S. Government is paying government benefits but is not accruing for future benefits. This means that the cost of future benefits is being deferred to the future Americans which now total $103.3 Trillion which when added to the National Debt of $22.6 Trillion, means that the U.S. Government has deferred a total of $125.9 Trillion, as of today, to the future Americans and undertaxed the current Americans by $125.9 Trillion.


The U.S. Government has fraudulently borrowed $125.9 Trillion from the future Americans with GAAP basis deficit spending and given it to the current Americans. However, the future Americans can never pay these deferred liabilities so the gains by the current Americans are what I call imaginary-counterfeit money since the money does not exist and can never be paid.


The U.S. Government is in the process of fraudulently borrowing an infinite amount of imaginary-counterfeit money from the future Americans and giving it to the current Americans. This money is created out of thin air and given to the current Americans, primarily the U.S. upper class since they pay most of the taxes.


The entire planet is using this infinite supply of imaginary-counterfeit money to build and buy an infinite number of environment-polluting physical objects which are causing Global Warming that is Destroying Planet Earth!


I have written two websites (USAPonzi.net and USAPonzi.com) and five books (latest is USAPonziB) available on Amazon that detail the impact of this fiscal and accounting fraud, I call it USAPonzi, that is printing an infinite supply of counterfeit money so we can fill up Planet Earth with cars, airplanes, boats, houses, apartments, condos, banks, restaurants, airports, cities, guns, bombs, etc etc.


I am including a letter that I recently sent to my Congressman that explains the cause of Global Warming in a little more detail. I would encourage you review the NASA chart of global temperature change, included in this letter, which shows that temperatures started to rise in 1969 when LBJ introduced the Unified budget that integrated all government financial planning into to one budget but did not switch from Cash Accounting to GAAP Accounting!


To curtail Global Warming the U.S. Government must adopted GAAP Accounting and commit to a balanced GAAP basis budget.


Until that happens, we will just continue building and buying more and more environment-polluting physical objects.


As I say in the letter to my Congressman, I am concerned that this fiscal and accounting fraud may have already done irreparable damage to Planet Earth!


Stopping the building and buying of more environment-polluting physical objects is a necessary condition for stopping Global Warming but it is not sufficient. We must also retire most of the physical objects that we have already built. That will be a massive task since we must park a lot of cars, airplanes, and boats and stop using and even tearing down a lot of buildings, airports, and cities!


The following is my letter to my Congressman


Whistleblower Letter #1 to Van Taylor TX 3rd District