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 #9 to the U.S. Supreme Court!
March 21, 2018
Emailed to Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, Senator Ted Cruz, the SEC, and WSJ/NYT/WP/DMN on Mar 21, 2018


The following whistleblower letter was mailed to each member of the U.S. Supreme Court on March 21, 2018.


This letter was also sent as an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post”, and “The Dallas Morning News” that explains how the U.S. Government is committing fiscal and accounting fraud to enrich the U.S. ruling class and colossally enrich the U.S. upper class! The corrupt and criminal U.S. Government has been “Cooking the Books” for 48 years to enrich the upper-class Americans, to cheat the U.S. general public, to cheat the rest of the planet, and to fraudulently elevate the status of The United States of America relative to the rest of Planet Earth!


The “news media” has an ethical responsibility to inform the general public of how the U.S. Government is committing fiscal and accounting fraud to cheat the general public and the rest of the planet so they can “feather their own nests” and “dramatically feather the nests of their upper-class friends”!


The “news media” is aiding and abetting the corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud!


March 21, 2018


                                                  Whistleblower Letter #9 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
      Associate Justice Neil M. Gorsuch


     Supreme Court of the United States of America
    1 First St NE
     Washington, DC 20543


This is my 9th whistleblower letter to the U.S. Supreme Court expressing the same complaint. The U.S. Government is “Cooking the Books” so that it can enrich the U.S. upper class and the U.S. ruling class and by doing so is cheating the U.S. general public and the rest of the planet! The corrupt and criminal U.S. Government is committing fiscal and accounting fraud to fraudulently elevate the status of the United States of America relative to the rest of Planet Earth!


The U.S. Government is corrupt! The U.S. Government is not operating its fiscal policy according to proper and Generally Accepted Accounting Principles (GAAP Accounting)! By not operating with GAAP Accounting (accrual accounting), the U.S. Government is promising outrageous and unaffordable government benefits to the U.S. general public and is not properly accruing for these benefits.


Because the corrupt and criminal U.S. Government is not properly accruing for these future benefits, the U.S. upper class is getting rich because they are being undertaxed and the U.S. general public is getting hoodwinked into thinking they are going to get future U.S. Government benefits that the corrupt and criminal U.S. Government has no intention or capability to pay!


The U.S. Government is operating with a fiscal policy that is now a $112.5 Trillion criminal act! This fraud is systematically transferring massive but imaginary-counterfeit wealth to the U.S. ruling class and the U.S. upper class by operating a classic Ponzi scheme that I have named USAPonzi! The U.S. Government is fraudulently borrowing money from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class (US Unfunded Liabilities (GAAP))!


The U.S. Government has fraudulently given the U.S. upper class $112.5 Trillion of imaginary-counterfeit money by undertaxing them by $112.5 Trillion and deferring $112.5 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans!


This fiscal and accounting fraud by the U.S. Government is causing dramatic distortion in the financial and economic system of Planet Earth!


This fiscal and accounting fraud by the U.S. Government has corruptly and criminally elevated the status of the United States of America economically, financially, politically, and militarily relative to the rest of Planet Earth!


This fiscal and accounting fraud by the U.S. Government has corruptly and criminally elevated the status of the elite in America relative to the U.S. general public!


The U.S. Government is making benefit promises to the U.S. general public but is not properly accruing for these future liabilities. These future liabilities are now underfunded by $91.5 Trillion! (US Unfunded Future Liabilities)!


The U.S. Government has overpaid the U.S. ruling class and the associated U.S. Government businesses by $21.0 Trillion (National Debt) by borrowing $21.0 Trillion from the fraudulently enriched upper class!


The U.S. Government and the U.S. upper class are conspiring to enrich themselves and are cheating the U.S. general public and the rest of the planet by not operating the U.S. Government fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting)! The U.S. Government is overspending on a cash basis and is not properly accruing for future benefit promises to the U.S. general public!


The current U.S. Government fiscal policy is fraudulently borrowing money from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class. The U.S. Government has been doing this for 48 years since USAPonzi was launched in FY1969. This is a criminal act that has given the U.S. upper class $112.5 Trillion of imaginary-counterfeit money!


The U.S. Government and the U.S. upper class are conspiring to enrich themselves by “Cooking the Books”! The U.S. Government is operating “The Biggest Ponzi Scheme on the Planet” which I have named USAPonzi!


The U.S. Government has fraudulently borrowed $112.5 Trillion of imaginary-counterfeit money (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class. This is fraud because the future Americans do not have $112.5 Trillion!


This accounting fraud has created millions of imaginary millionaires and hundreds of imaginary billionaires! This is why Warren Buffett, Bill Gates, Mark Zuckerberg, Jeff Bezos, Donald Trump, Vladimir Putin, Carlos Slim, and the Saudi Princes are all billionaires! The U.S. Government has fraudulently given the U.S. upper class $112.5 Trillion of imaginary-counterfeit money by undertaxing them!


This accounting fraud has created a massive wealth and income gap between the U.S. upper class and the U.S. general public! The U.S. Government has fraudulently given the U.S. upper class $112.5 Trillion of imaginary-counterfeit money by undertaxing them!


This accounting fraud is building big houses, luxury apartments, and luxury condos all over the planet with the $112.5 Trillion of imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans!


This accounting fraud is filling the planet with cars, trucks, airplanes, ships, boats, military equipment, computers, smartphones, etc that have been purchased with the $112.5 Trillion of imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans!


This accounting fraud is causing the stock market to continually set new record highs because Americans are buying all kinds of stuff with the $112.5 Trillion of imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans!


This accounting fraud is causing inflation, urbanization, offshoring, illegal immigration, healthcare cost inflation, legal drug cost inflation, and the opioid crisis!


In the table below, the total private net worth (Total National Assets) of all Americans is estimated to be $137.3 Trillion but $112.5 Trillion of that is the imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans. Approximately 82% of the net worth of Americans is the imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans ($112.5T/$137.3T = 0.82). The U.S. Government is borrowing money from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class!


The U.S. upper class has gotten rich because the U.S. Government has fraudulently borrowed $112.5 Trillion from the future Americans and given it to the U.S. upper class. Most of this fraudulently borrowed money goes to the U.S. upper class because the U.S. upper class now pays almost all of our taxes with imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans. The U.S. upper class has gotten filthy rich because they have been undertaxed by $112.5 Trillion. And they get richer every day because of ongoing GAAP basis deficit spending of $16.4 Billion a day.


This is why the cost of housing is going up, the U.S. Government is borrowing imaginary-counterfeit money from the future Americans and giving it to the U.S. upper class much faster than the U.S. economy is building houses, apartments, and condos. We are buying, renting, and building houses, apartments, and condos with the imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans. USAPonzi has caused The Housing Bubble!


This is why we have so many cars on the road that we have traffic jams, the U.S. Government is fraudulently borrowing imaginary-counterfeit money from the future Americans so we can buy cars that we do not have to pay for. USAPonzi has caused The Automobile Bubble!


This is why we can pay professional athletes and entertainers $Millions a year, we are paying them with the imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans. USAPonzi has caused The Pro Athlete Pay Bubble!


This is why we have so many banks and Starbucks stores, we are buying coffee with imaginary-counterfeit money and we are filling our banks with imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans. USAPonzi has caused The Bank Bubble and The Restaurant Bubble!


This is why Amazon, Walmart, Nike, Google, Facebook, Netflix, Apple, etc. are selling so many goods and services; we are buying their goods and services with the now $112.5 Trillion of imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans.


Because the U.S. Government is fraudulently borrowing $16.4 Billion more imaginary-counterfeit money every day, we have seen price inflation of nominally 5% per year in essentially all asset classes ever since FY1969 when USAPonzi was launched.


Because the U.S. Government is fraudulently borrowing $16.4 Billion more imaginary-counterfeit money every day, we can buy more goods and services every day so the companies selling these goods and services have more imaginary revenue and more imaginary profit every day so the stock market tends to go up every day. This is why we are continually setting all-time highs in the stock market.  USAPonzi has caused a 48-year-long bull market in the stock market but with some dramatic fits and starts like The Internet Bubble and The Housing Bubble. USAPonzi has caused The Stock Market Bubble!


The U.S. Government is corrupt! The senior officials of the U.S. Government are common criminals because they are financial beneficiaries of this accounting fraud that they themselves are perpetrating!


The U.S. Government is “Cooking the Books”!


The U.S. upper class folks are co-conspirators in this criminal act because they refuse to expose this U.S. Government fraud and in fact they are constantly lobbying for a better deal like the current “tax reform” deal that will make them richer faster! The U.S. upper class likes anything that will create more deficit spending by the U.S. Government because that will fraudulently make them richer faster.


The U.S. Government is “Cooking the Books”!


This fraud is why the U.S. Congress cannot agree on an annual budget or healthcare plan! The U.S. Government is making outrageous benefit promises to the general public to get elected so they can enrich themselves with this fraudulent accounting. Until the U.S. Government starts telling the financial truth, all of their debates on financial planning, deficit reduction, infrastructure build, tax reform, and healthcare plans are pointless gibberish!


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. general public, and to colossally cheat the rest of the Planet.


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 the massive Ponzi scheme that I call USAPonzi.


The U.S. Government is “Cooking the Books”!


When the U.S. general public realizes just how corrupt the U.S. Government really 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 enriching itself and is colossally enriching the U.S. upper class while colossally cheating the U.S. general public and the rest of the Planet by operating with a dramatically unbalanced budget and attempting to conceal this fraud by using fraudulent accounting.


The following tables shows the financial status of the U.S. Government, as of March 21, 2018 as estimated by www.usdebtclock.org including a comparison of how Cash Accounting and GAAP Accounting assess and report this financial status.

 

National Debt 
$21.0 Trillion 
Cash Deficit in FY2018  
$0.73 Trillion 
GAAP Deficit in FY2018  
$5.99 Trillion 
US Unfunded Future Liabilities 
$91.5 Trillion 
US Unfunded Liabilities (GAAP) 
 $112.5 Trillion 
imaginary-counterfeit money 
$112.5 Trillion 
Total National Assets  $137.3 Trillion  

Source: www.usdebtclock.org March 21, 2018

 

Cash Accounting GAAP Accounting
Deficit in FY2018 
$0.73 Trillion $5.99 Trillion
Public Liabilities 

$21.0 Trillion

$112.5 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 common criminals!


USAPonzi
is a $112.5 Trillion criminal fraud that is being perpetrated by the corrupt and criminal Government of the United States of America.


The U.S. Government has committed a $112.5 Trillion crime. The senior officials in the U.S. Government are criminals and as I said in my first of thirteen 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. general public, 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 $112.5 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 imaginary-counterfeit money, currently $112.5 Trillion, will evaporate when USAPonzi implodes causing most banks to fail because most of the money in our banks is 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 books “USAPonzi”, “USAPonzi2”, and “USAPonzi3” which are 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. general public and the rest of the Planet. The U.S. Supreme Court will also have the task of presiding over “The Bankruptcy of the United States of America” that will be caused by the implosion of USAPonzi.


This is the biggest ($112.5 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”!


The corrupt and criminal U.S. Government is “Cooking the Books”!


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