Whistleblower Letter #2 to US General Public-current
October 20, 2020
Economic Inequality in America
I am a whistleblower! The U.S. Government is corrupt!
The corrupt U.S. Government is enriching the U.S. upper class by cheating the U.S. general public!
Economic Inequality in America is caused by U.S. Government accounting fraud! The corrupt U.S. Government is not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting) also called accrual accounting. Accrual accounting requires that the U.S. Government accrue (put in a trust fund) the money to pay for future benefits! The corrupt U.S. Government is promising benefits to the U.S. general public but is not taxing the U.S. upper class to accrue for these benefits.
When the corrupt U.S. Government does not accrue for U.S. Government benefits, the U.S. upper class gets undertaxed and richer and richer.
When the corrupt U.S. Government does not accrue for U.S. Government benefits, the U.S. general public gets cheated and on a relative basis gets poorer and poorer!
The corrupt U.S. Government has resorted to fiscal and accounting fraud to enrich the 1% at the expense of the 99%!
This fiscal and accounting fraud is a classic Ponzi scheme, I call it USAPonzi, that is fraudulently borrowing money from the future Americans and giving it to the U.S. upper class with GAAP basis deficit spending! The U.S. upper class is getting rich because the U.S. Government is fraudulently borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them! The corrupt U.S. Government is creating counterfeit money (wealth) for the U.S. upper class out of “thin air” by not accruing for future benefits!
As of October 20, 2020, the corrupt U.S. Government has fraudulently given the U.S. upper class $155.0 Trillion and the U.S. general public has been cheated out of $127.9 Trillion because their future benefits have not been properly accrued for in trust funds!
The U.S. general public is going to be “MAD AS HELL” when they find out that the corrupt U.S. Government has been cheating them for the last 51 years so that it can enrich the U.S. upper class!
I have sent numerous whistleblower letters to various U.S. Government entities including 6 letters to each and every member of the U.S. Congress in an attempt to expose this U.S. Government fiscal and accounting fraud! The following is a link to my sixth whistleblower letter to the U.S. Congress!
This accounting fraud is not only causing Economic Inequality, it is causing Global Warming and the Coronavirus Pandemic and will cause a Hunger Pandemic and The Greatest Depression! The following is a link to my Quintet of Global Crises commentary that explains how this accounting fraud is causing these five major global crises.
I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain this accounting fraud and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can be downloaded from my www.usaponzi.net website.
John W. White