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

Whistleblower Letter #1 Romney-Manchin 191101
November 1, 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 10/31/19


This whistleblower letter was sent by U.S. Mail to Senator Mitt Romney and Senator Joe Manchin on October 31, 2019.


Whistleblower Letter to Mitt Romney and Joe Manchin
November 1, 2019


The Honorable Mitt Romney              The Honorable Joe Manchin
B33 Russell Senate Office Bldg.           306 Hart Senate Office Bldg.
Washington, DC 20510                         Washington, DC 20510


My name is John W. White Plano, TX and I am a whistleblower!


The U.S. Government is not adhering to the principles of accrual accounting to properly fund the government trust funds and as a result:


The U.S. Government is causing Global Warming!


The U.S. Government is destroying Planet Earth!


Romney, Manchin want new rescue committees to address trust fund solvency
RollCall.com
Posted Oct 29, 2019 12:00 PM


Sen. Mitt Romney is leading a new bipartisan effort to try to force lawmakers to come together to address looming funding shortfalls in several government trust funds.


I was very pleased to see that the two of you are leading an effort to address the underfunding of U.S. Government Trust Funds! This is a very serious problem because many people are depending on the survivability of these Trust Funds! It is estimated, by www.usdebtclock.org, that U.S. Government Trusts Funds are underfunded by $103.7 Trillion (US Unfunded Future Liabilities) as of November 1, 2019.


These Trust Funds are underfunded because the U.S. Government is not using the proper accounting system to properly accrue the money to pay future benefit promises. 


However, there is another aspect of the reason for these shortfalls that is even more critical than the solvency of these Trust Funds! The current U.S. Government fiscal policy is causing Global Warming that is destroying Planet Earth!


The U.S. Government is committing a fiscal and accounting fraud, by not using proper and Generally Accepted Accounting Principles (GAAP Accounting) and as a result the U.S. Government is not properly accruing for future benefit promises and therefore is running a classic Ponzi scheme, I call it USAPonzi, that is in the process of borrowing an infinite amount of money, I call it imaginary-counterfeit money, from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them that the entire planet is now using to build and buy an infinite number of environment-polluting physical objects that are causing Global Warming which is destroying Planet Earth!


The U.S. Government has been running this Ponzi scheme since FY1969 when Lyndon Baines Johnson proposed and the U.S. Congress approved the Unified Budget and as a result the U.S. Government has been warming up Planet Earth for the last 50 years!


The following National Aeronautics and Space Administration chart shows that the global average temperature started to rise in 1969 the year that the U.S. Congress approved the Unified Budget that launched USAPonzi!



The Trust Funds, that your proposal is addressing, are dramatically underfunded because of this fiscal and accounting fraud that is also in the process of printing an infinite amount of imaginary-counterfeit money that the entire planet is using to build and buy an infinite number of tee shirts, tennis shoes, Grubhub meals, Uber rides, Starbucks coffees, opioid pills, tattoos, football tickets, airplane tickets, smartphones, computers, Netflix subscriptions, Facebook ads, Google ads, Amazon stuff, cars, trucks, boats, airplanes, houses, apartments, condos, skyscrapers, restaurants, banks, airports, cities, guns, bullets, bombs, etc. etc.


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


So far, this U.S. Government fiscal and accounting fraud has fraudulently borrowed $126.6 Trillion of imaginary-counterfeit money (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class and is borrowing another $16.8 Billion more imaginary-counterfeit money every day from the future Americans and giving it to the U.S. upper class with GAAP basis deficit spending!


The survivability of Planet Earth is dependent on the elimination of this accounting fraud and the retirement of most of the environment-polluting physical objects that this accounting fraud has already built!


The U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget to eliminate this accounting fraud and to have any hope of saving Planet Earth


The data used in my analysis is based on www.usdebtclock.org. The following table shows a summary of the U.S. Government financial condition as of the date of this letter.

 
The amount of imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans and given to the U.S. upper class is $126.6 Trillion and is reported on this website as US Unfunded Liabilities (GAAP) which is the sum of the National Debt ($22.9 Trillion) and the US Unfunded Future Liabilities ($103.7 Trillion)!



National Debt  $22.9 Trillion 
Cash Deficit in FY2020  $1.03 Trillion 
GAAP Deficit in FY2020  $6.13 Trillion 
US Unfunded Future Liabilities  $103.7 Trillion 
US Unfunded Liabilities (GAAP)  $126.6 Trillion 
Imaginary-Counterfeit Money  $126.6 Trillion 
Total National Assets  $147.4 Trillion 

Source: www.usdebtclock.org November 1, 2019


This U.S. Government fiscal and accounting fraud is explained in much more detail on my websites (usaponzi.net and usaponzi.com) and in my fifth book on USAPonzi (USAPonziB) which is available on Amazon.


John W White

Plano, TX
jwwhite38@outlook.com