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 #3 to Fed Chairman 190618
June 18, 2019
Emailed to 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/DMN, and Dallas Mayor Eric Johnson on 6/20/19.


TO: Jay Powell-Chairman of the Federal Reserve Bank
CC: Neel Kashkari-Minneapolis Fed President
CC: Robert Kaplan-Dallas Fed President


The U.S. Federal Reserve Bank is asleep at the switch!


The U.S. Government is committing a $124.5 Trillion fraud!


The U.S. Government has fraudulently given the U.S. upper class $124.5 Trillion!


The Federal Reserve Bank is asleep at the switch while the U.S. Government is committing the biggest crime in the history of Planet Earth! The U.S. Government is committing a $124.5 Trillion fraud!


The U.S. Government is either asleep at the switch or it is willingly and knowingly committing the biggest crime in the history of Planet Earth to fraudulently enrich the U.S. ruling class and to fraudulently and colossally enrich the U.S. upper class!


This is my 3rd Whistleblower Email to the U.S. Federal Reserve Chairman that explains how the U.S. Government is committing a fiscal and accounting fraud by not operating its fiscal policy with proper GAAP Accounting! The U.S. Government is making financial commitments to pay U.S. Government benefits to the U.S. general public but is not properly accruing the money to pay for these future benefit promises!


The U.S. Government is in the process of printing an infinite amount of counterfeit money by deferring an unending and ever-increasing (infinite) amount of public liabilities to the future Americans (U.S. Unfunded Liabilities (GAAP)) and undertaxing the U.S. upper class!


This accounting fraud is deferring public liabilities to the future Americans and relieving the U.S. upper class of these liabilities! This accounting fraud is fraudulently borrowing counterfeit money from the future Americans, money that the future Americans do not have, and fraudulently giving it to the U.S. upper class by undertaxing them!


Incurring public liabilities produces private assets! But these private assets are counterfeit money when these public liabilities can never be paid!


GAAP basis deficit spending by the U.S. Government prints counterfeit money and gives it to the U.S. upper class!


This is fraud!


This is a $124.5 Trillion fraud!


The U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is printing counterfeit money, I call it imaginary-counterfeit money, and giving it to the U.S. upper class! So far, this accounting fraud has digitally printed $124.5 Trillion of imaginary-counterfeit money and given it to the U.S. upper class which is causing Global Warming that is Destroying Planet Earth (See Global Warming Apocalypse)!

 

National Debt  $22.4 Trillion 
Cash Deficit in FY2019  $1.00 Trillion 
GAAP Deficit in FY2019  $6.12 Trillion 
US Unfunded Future Liabilities  $102.1 Trillion 
US Unfunded Liabilities (GAAP)  $124.5 Trillion 
Imaginary-Counterfeit Money  $124.5 Trillion 
Total National Assets  $152.3 Trillion 

Source: www.usdebtclock.org June 18, 2019


The U.S. Government is committing a
$124.5 Trillion fiscal and accounting fraud!


And the U.S. Federal Reserve Bank is asleep at the switch while the U.S. Government is perpetrating this fraud!


This fraud/Ponzi scheme is explained in more detail on my websites www.usaponzi.net and www.usaponzi.com and in my fifth book on this Ponzi scheme, USAPonziB!


John W White

Plano, TX