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 #4 to the U.S. Supreme Court!
March 6, 2017


The following letter was sent to each member of the U.S. Supreme Court by certified mail on March 6, 2017.


March 6, 2017


                                                   Whistleblower Letter #4 to
    
The Supreme Court of the United States of America


To: Chief Justice John G. Roberts, Jr.

      Associate Justice Anthony M. Kennedy
      Associate Justice Clarence Thomas
      Associate Justice Samuel Anthony Alito, Jr.
      Associate Justice Sonia Sotomayor
      Associate Justice Elena Kagan
      Associate Justice Ruth Bader Ginsburg
      Associate Justice Stephen G. Breyer


     Supreme Court of the United States of America 
     1 First St NE

     Washington, DC 20543


This is my 4th Whistleblower Letter to the U.S. Supreme Court expressing the same complaint.


The U.S. Government is corrupt! The U.S. Government is committing fiscal and accounting fraud to dramatically enrich the U.S. ruling class, to colossally enrich the U.S. upper class, to colossally cheat the U.S. Common Man, and to colossally cheat the rest of the Planet. The senior officials of the U.S. Government are common criminals that are using a fraudulent accounting system to skew massive faux wealth to themselves and to their upper class friends. The U.S. Common Man and the rest of the planet are getting ripped off by this fraud that has given the U.S. upper class $105.4 Trillion of what I call implicit-imaginary-counterfeit money over the last 48 years (The Extended Theory of Imaginary-Counterfeit Money is explained on my www.usaponzi.com website and in my book "USAPonzi").


The U.S. Government commits this fraud by "borrowing" monopoly money from the future Americans and giving it to the current Americans. The U.S. Government has incurred $20.0 Trillion of National Debt so that it can overpay itself creating what I call explicit-imaginary-counterfeit money. The U.S. Government has cheated the U.S. Common Man by telling them that it will pay them Social Security, Healthcare benefits, and other benefits but is not properly funding these promises so that it can overpay itself and enrich the U.S. upper class. The U.S. Government has undertaxed the U.S. upper class by $105.4 Trillion, creating $105.4 Trillion of what I call implicit-imaginary-counterfeit money, and giving them $105.4 Trillion of faux wealth. The U.S. Government has underfunded the benefit promises to the U.S. Common Man by $85.4 Trillion which has put nearly half of the U.S. population at grave financial peril by hoodwinking them into thinking that the U.S. Government will keep its word and pay these unaffordable and unfunded U.S. Government benefits.


The U.S. Government does this simply by operating with a fraudulent accounting system; using Cash Accounting rather than the proper GAAP Accounting which has produced a massive Ponzi scheme that I call USAPonzi.


When the U.S. Common Man realizes just how corrupt the U.S. Government is, we will have rioting in the streets. The general population does not trust the U.S. Government and for good reason, the U.S. Government is colossally enriching itself and the U.S. upper class while colossally cheating the U.S. Common Man and the rest of the Planet by operating with a dramatically unbalanced budget and attempting to conceal this fraud by using fraudulent accounting.


The U.S. Government is colossally cheating the rest of the planet by borrowing this $105.4 Trillion of i-imaginary-counterfeit money from future Americans so that the current Americans can buy goods and services from each other and from the rest of the Planet with this monopoly money. I would bet that the opulent lifestyle of the current Americans that is produced by this fiscal and accounting fraud, is a key contributor to the international terrorism that is focused on the Western World. This U.S. Government fraud has artificially and fraudulently elevated the lifestyle of much of the "developed world", in marked contrast to the plight of the rest of the planet, by borrowing $105.4 Trillion of monopoly money from the future Americans and giving it to the current Americans. $105.4 Trillion of i-imaginary-counterfeit money can change the lifestyle of a lot of folks.


The U.S. Government has borrowed $105.4 Trillion of i-imaginary-counterfeit money from the future Americans and given it to the current Americans. This borrowed money is reported on www.usdebtclock.org as US Unfunded Liabilities (GAAP). This is the signature attribute of a Ponzi scheme; pay the early participants in the scheme with money from the late participants. The U.S. Government is borrowing $15.40 Billion more i-imaginary-counterfeit money every day with ongoing GAAP basis deficit spending (GAAP Deficit in FY2017 of $5.62T/365 = $15.40B).


The following tables shows the financial status of the U.S. Government, as of March 6, 2017, as estimated by www.usdebtclock.org including a comparison of how Cash Accounting and GAAP Accounting assess and report this financial status.

 

National Debt 
$20.0 Trillion 
Borrowed from Trust Funds  $5.5 Trillion 
e-imaginary-counterfeit money  $20.0 Trillion 
Cash Deficit in FY2017 
$0.59 Trillion 
GAAP Deficit in FY2017 
$5.62 Trillion 
US Unfunded Future Liabilities 
$85.4 Trillion 
US Unfunded Liabilities (GAAP) 
 $105.4 Trillion 
i-imaginary-counterfeit money 
$105.4 Trillion 
Total National Assets  $128.5 Trillion 

Source: www.usdebtclock.org March 6, 2017



Cash Accounting GAAP Accounting
Deficit in FY2017 
$0.59 Trillion $5.62 Trillion
Public Liabilities 

$20.0 Trillion

$105.4 Trillion
National Debt US Unfunded Liabilities (GAAP)


This is colossal injustice! This is fraud! The U.S. Government is corrupt! The senior U.S. Government officials are criminals!


USAPonzi is a $105.4 Trillion criminal fraud that is being perpetrated by the Government of the United States of America.


The U.S. Government has committed a $105.4 Trillion crime. The senior officials in the U.S. Government are criminals and as I said in my first of twelve whistleblower letters to the U.S. Securities and Exchange Commission dated January 8, 2014:


"I contend that every Member of Congress and every senior member of the Administration should be indicted on fraud and corruption charges if they vote for or support any financial budget that is based on our current Cash Accounting methodology."


Until the U.S. Government starts using an honest accounting system, this massive fraud and its associated distortions will continue to favor Americans, colossally cheat the U.S. Common Man, significantly enrich the U.S. ruling class, colossally enrich the U.S. upper class, and colossally cheat the rest of the planet.


This is a criminal fraud of epic proportions with global implications. The senior officials in the U.S. Government are approving the fiscal policy and budgeting process that authorizes this fraud and they are direct financial beneficiaries of this fraud making this a criminal fraud and the senior officials of the U.S. Government criminals.


The U.S. Government is knowingly and willingly making financial commitments that it cannot possibly keep.


It is imperative that all national governments be required to use Accrual (GAAP or equivalent) Accounting so that financial transactions conducted between countries can be trusted and so that financial commitments made to the citizenry by central governments can be trusted.
Because of this fraud, the United States of America is not a trusted party in the global economy.


This Ponzi scheme fiscal policy has also dramatically and artificially stimulated the U.S. and global economy with this GAAP basis deficit spending. The U.S. Government has created $105.4 Trillion of imaginary-counterfeit money out of "thin air" to provide massive purchasing power for the current Americans. The implosion of USAPonzi will cause a dramatic discontinuity in the global economy that will lead to a global depression that could be even more severe than "The Great Depression". This i-imaginary-counterfeit money, currently $105.4 Trillion, will evaporate when USAPonzi implodes causing most banks to fail because most of the money in our banks is i-imaginary-counterfeit money that has been fraudulently borrowed from the future Americans.


This problem can only be equitably resolved by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government. In order to create a level economic playing field throughout the planet, the U.S. Government must eliminate this fraud and corruption.


You can learn more about this fraud/Ponzi scheme by reading my websites www.usaponzi.net and  www.usaponzi.com or my book "USAPonzi" which is available on Amazon and also on my  www.usaponzi.net website in Kindle and PDF formats.


It appears that it will take action by the U.S. Supreme Court to restore justice for the U.S. Common Man and the rest of the Planet. The U.S. Supreme Court will have the task of presiding over "The Bankruptcy of the United States of America" that will be caused by this U.S. Government fiscal and accounting fraud.


This is the biggest ($105.4 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and "The Biggest Ponzi Scheme on the Planet"!


John W. White
Plano, TX
jwwhite38@outlook.com