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

Why Hodgkinson attacked the GOP baseball team!
June 19, 2017     Emailed to WSJ/NYT/DMN on 6/20/17


The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains why James Hodgkinson attacked the GOP baseball team!


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".


Why Hodgkinson attacked the GOP baseball team!

June 19, 2017

 

While none of us should condone the recent attack on the GOP baseball team, we must all understand the reason for this attack! James Hodgkinson was willing to commit a criminal act to express his frustration with the evil that he saw in the U.S. Government as represented by the GOP leadership! Hodgkinson was a Bernie Sanders supporter that had an extreme hatred for the GOP as personified by Donald Trump and the rest of the GOP leadership! This led him to this active shooter attack on the GOP baseball team!


While the attack is not to be condoned, the frustration that caused the attack is very real! The U.S. Government is operating with a fiscal policy that is corrupt and fraudulent! This fraud is enriching the U.S. upper class, frequently associated with the Republican party, and is oppressing the U.S. Common Man, frequently associated with the Democrat party.


The U.S. Government is using Cash Accounting rather than the proper GAAP Accounting which has produced a Ponzi scheme. This fiscal policy creates a dramatically unbalanced budget that undertaxes the U.S. upper class and underfunds the U.S. Government benefit promises to the U.S. Common Man. The upper class is getting richer and richer and the U.S. Common Man is getting screwed! This fraud has given the U.S. upper class $106.5 Trillion and has underfunded the government benefit promises to the U.S. Common Man by $86.6 Trillion!


James Hodgkinson had had enough of this favoritism of the upper class and this screwing of the Common Man!


This U.S. Government fraud is blatantly and fraudulently transferring massive wealth to the U.S. upper class while oppressing the Common Man!. The U.S. Government is giving the U.S. upper class trillions of dollars while the Common Man has to earn a living with a menial wage! Further, because the U.S. upper class has gobs and gobs of money, the price of things goes up and up, we call it inflation, and therefore the menial wage of the U.S. Common Man buys less and less on a relative basis! Further, because the cost of living goes up in the  U.S., wages tend to go up to try to keep pace with this inflation which prices the U.S. Common Man out of the global labor market. That is why jobs get moved offshore.


While this fraud favors the U.S. upper class over the U.S. Common Man, it also favors all Americans over the rest of the planet because the U.S. Government is borrowing imaginary-counterfeit money from the future Americans, $106.5 Trillion so far, so that all Americans can buy stuff from the rest of the planet with this fraudulently borrowed money! Americans are buying stuff with monopoly money that the U.S. Government has fraudulently borrowed from the future Americans!


I contend that much of the terrorism that we experience, from other parts of the planet, is because they resent the fact that we have so much and they often have so little. They probably don't realize that we are getting most of our stuff with monopoly money that the U.S. Government is creating out of "thin air" by borrowing it from the future Americans, but they really do not like to see us living an ostentatious lifestyle when they are often suffering in poverty.


Fraudulent U.S. Government accounting is producing massive economic inequity within the U.S. and between the U.S. and the rest of the planet!


We must restore integrity within the U.S. Government!


James Hodgkinson did the wrong thing but he was provoked by a corrupt U.S. Government!


National Debt    $19.9 Trillion 
Cash Deficit in FY2017  $0.57 Trillion 
GAAP Deficit in FY2017 
$5.56 Trillion 
US Unfunded Future Liabilities  $86.6 Trillion 
US Unfunded Liabilities (GAAP)  $106.5 Trillion 
Imaginary-Counterfeit Money 
$106.5 Trillion 
Total National Assets 
$131.6 Trillion 

Source: www.usdebtclock.org Jun 19, 2017


This U.S. Government fraud can only be equitably eliminated by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government.


I have published a website www.usaponzi.net that explains how this fraud works to create a massive global wealth and income gap between the haves and the have-nots and to create false wealth and prosperity for the current Americans. The www.usaponzi.net website is an introduction to my more detailed website www.usaponzi.com and my books "USAPonzi" (Nov 22, 2015) and "USAPonzi2" (May 1, 2017) which are available on Amazon to better explain this fraud/Ponzi scheme.


This is the biggest ($106.5 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and it is "The Biggest Ponzi Scheme on the Planet"!


John W. White

Plano, TX