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

Wuhan: Oswald caused coronavirus pandemic! 200323
March 23, 2020
Emailed to The United Nations, Fed Chair Jay Powell, St Louis Fed President James Bullard, 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, and NYT/WSJ/WP/DMN/CNBC on 3/23/20


Oswald caused the coronavirus pandemic and global warming!


Lee Harvey Oswald
is the primary cause of the coronavirus pandemic because Oswald shot JFK which got a scoundrel, LBJ, into the White House who set up the accounting fraud that I call USAPonzi with the adoption of the Unified Budget that is printing an infinite stream of counterfeit money to create densely populated urban environments that in turn produce and transmit germs locally!


This infinite stream of counterfeit money is distributing these germs globally to all parts of Planet Earth because people can travel by car, plane, or boat without paying for it carrying these germs! This infinite stream of counterfeit money is building an infinite stream of environment-polluting physical objects that the planet is buying and building without paying for them that are causing global warming!


Essentially all of the people in the developed world are living on the infinite stream of counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans!


I am a Whistleblower! The U.S. Government is corrupt! The corrupt U.S. Government is committing a fiscal and accounting fraud by not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting). The corrupt U.S. Government is being run by common criminals!


Because the corrupt U.S. Government is not operating its fiscal policy with proper GAAP Accounting, it has been running a classic Ponzi scheme for the last 51 years, 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!


This Ponzi scheme, that I call USAPonzi, is enriching America, enriching the U.S. upper class, enriching the U.S. ruling class, cheating the U.S. general public, cheating the rest of the planet, causing social injustice, causing the wealth and income gap, causing global warming, and destroying planet earth!


In this commentary, I will explain how USAPonzi is causing and spreading the coronavirus pandemic!


In this commentary, I will also explain how and why the city of Wuhan, China has grown from 2,039,000 in 1970 to now 8,365,000 in 2020!


The U.S. Government is printing imaginary-counterfeit money, so far $132.0 Trillion, by borrowing it from the future Americans so the current Americans can buy stuff from China by charging it to the future Americans! The U.S. Government is committing a fiscal and accounting fraud that has, so far, produced $132.0 Trillion of imaginary-counterfeit money out of “thin air”!


The U.S. Government is not operating it fiscal policy with proper accrual accounting, called GAAP Accounting in the United States! The U.S. Government is promising and paying U.S. Government benefits but is not taxing the U.S. upper class enough to properly accrue the money to pay for future benefits!


This fraud has made America the wealthiest country with the largest GDP on the planet by printing an infinite stream of imaginary-counterfeit money, currently $132.0 Trillion, by borrowing it from the future Americans and giving it to the U.S. upper class! 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!


This fraud has made China the country with the second largest GDP on the Planet because China now has a population of 1.435 billion so China can build a lot of stuff (made in China) that Americans can buy with $132.0 Trillion of imaginary-counterfeit money!


When the U.S. Government started printing imaginary-counterfeit money, with GAAP basis deficit spending in FY1969, China started building factories to build stuff that Americans might want to buy with this now $132.0 Trillion of imaginary-counterfeit money and this caused Chinese cities (old and new) to attract more and more people from rural areas to operate these factories!


The U.S. Government has produced the economic miracle in China by fraudulently borrowing imaginary-counterfeit money from the future Americans so people all over the planet can buy stuff from China without paying for it!


P.S. This is why they have so much pollution in China, they are building an unending and ever-increasing (infinite) number of factories to build stuff that Americans can buy with an unending and ever-increasing (infinite) number of imaginary-counterfeit dollars! This is also why I say that the U.S. Government is causing global warming!


P.S. This phenomenon is happening all over Planet Earth but is most noticeable in China simply due to the size of the Chinese population!


I therefore contend that the U.S. Government fiscal and accounting fraud that I call USAPonzi is causing urbanization (See Urbanization-A Byproduct of USAPonzi) which in turn is creating hygiene and sanitary conditions that breed germs that are readily transmitted to others in the close proximity of these urban environments!


Further, this Ponzi scheme is also providing the imaginary-counterfeit money, so far $132.0 Trillion, so that more and more people can travel far and wide carrying these germs to all corners of the world without having to spend a single penny of earned income!


The corrupt U.S. Government is in the process of printing an infinite supply of imaginary-counterfeit money, by borrowing it from the future Americans, so far $132.0 Trillion, so Americans can buy things without paying for them! This accounting fraud has dramatically increased economic activity all over the planet which has caused more and more people to move to cities where they can participate in the economic activity produced by this infinite stream of imaginary-counterfeit money!


This accounting fraud is building new cities and expanding old cities by fraudulently creating counterfeit purchasing power for Americans, by borrowing money from the future Americans, money the future Americans do not have, and is then spreading this counterfeit purchasing power throughout the developed world!


(See Cars, Airplanes, Tall Buildings, and Boomtowns)


This accounting fraud started in FY1969 and the following chart shows how the population of Wuhan, China began to increase more rapidly at nominally that point in time! When this Ponzi scheme implodes, we will have a lot of people living in cities where they cannot find meaningful real work opportunities. The implosion of USAPonzi will create a massive global depression!


Wuhan, China Population 1950-2020

Source: United Nations-World Population Prospects


The GDP in China has seemed to miraculously grow continuously and rapidly for the last few decades because the U.S. Government is committing a fiscal and accounting fraud that is printing an unending and ever-increasing (infinite) supply of imaginary-counterfeit money to buy the stuff that China is building without paying for any of it!


This Ponzi scheme, which is printing an infinite supply of imaginary-counterfeit money, is causing both global warming and urbanization that is producing environmental conditions that breed germs, which have produced the coronavirus pandemic! This Ponzi scheme is building cities, factories, and all types of environment-polluting physical objects that will be dramatically under-utilized when USAPonzi implodes! This imaginary-counterfeit money will evaporate when USAPonzi implodes!


The following is a link to my fourth letter to the U.S. Congress in an attempt to expose the fraud and corruption within the U.S. Government to the U.S. Government!


Whistleblower Letter #4 to the U.S. Congress



National Debt  $23.6 Trillion 
Cash Deficit in FY2020  $1.27 Trillion 
GAAP Deficit in FY2020  $6.13 Trillion 
US Unfunded Future Liabilities  $108.4 Trillion 
US Unfunded Liabilities (GAAP)  $132.0 Trillion 
Imaginary-Counterfeit Money  $132.0 Trillion 
US Total National Assets  $145.8 Trillion 

Source: www.usdebtclock.org March 23, 2020


I have written two websites (USAPonzi.com and USAPonzi.net) and seven books (the latest is USAPonziD which is available on Amazon) that explain this fraud and the impact it is having on Planet Earth!


I have also, written Whistleblower Letter #2 to Planet Earth in an effort to provide a concise explanation of this U.S. Government fiscal and accounting fraud that I call USAPonzi.


John W. White
Plano, TX