USAPonzi-The Great American Fraud

                                                 Copyright Declaration       PEMMA-Planet Earth Man-Made Apocalypse    John W. White   March 29, 2013

Plano readies roads for Toyota employees
June 13, 2017     Emailed to WSJ/NYT/DMN 6/13/17

The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains how U.S. Government accounting fraud is causing traffic jams in Plano, TX.

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".

Plano readies roads for Toyota employees

June 13, 2017

Fraudulent Accounting, by the U.S. Government, is causing traffic problems in Plano, TX! Below is an excerpt from an article in the Dallas Morning News that explains these anticipated traffic problems. Traffic problems are being caused in many places around the United States because the U.S. Government is running a Ponzi scheme (USAPonzi) fiscal policy that is fraudulently borrowing more and more money, $106.4 Trillion so far, from the future Americans so that anybody and everybody in America will eventually be able to buy a car with this fraudulently borrowed money.

This accounting fraud is borrowing an exponentially increasing amount of money from the future Americans and giving it to the current Americans. This is caused by the U.S. Government not using Generally Accepted Accounting Principles (GAAP Accounting). So far, this fraud has borrowed $106.4 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and is borrowing $15.23 Billion more every day (GAAP Deficit in FY2017 = $5.56T/365 = $15.23B). By borrowing more and more money from the future Americans, we can have more and more cars so we will have more and more traffic! An infinite amount of money can buy an infinite number of cars, that is until the rest of the planet realizes that Americans are buying these cars, and everything else, with fraudulently borrowed money!

Most of these cars will be sitting on cinder blocks when this Ponzi scheme implodes and Toyota will be selling a lot fewer cars than it is selling today! I estimate that we will be buying less than 20% of the cars that we are buying today when the U.S. Government starts using honest accounting. The U.S. Government is fraudulently borrowing an endless supply of money from the future Americans so that the current Americans can buy an endless amount of stuff that we cannot honestly afford!

Toyota is making a huge mistake by building an elaborate headquarters complex because they are expecting that Americans will continue to buy cars forever with the imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans by operating with Cash Accounting (See The $1B Toyota Debacle).

The U.S. Government is filling the planet with junk by committing fiscal and accounting fraud!

Plano readies roads for first wave of Toyota employees, and the traffic that comes with them

Dallas Morning News May 9, 2017

Editor's note: Starting May 15, Toyota begins moving about 250 employees a week into its new corporate campus in Plano. Throughout this week, The Dallas Morning News will examine the impact of the highly anticipated move on Plano, traffic, housing and charitable giving.

On a recent weekday morning, the area around Plano’s $3 billion Legacy West development was swarming with construction workers finishing out future restaurants, apartments and sprawling headquarters for several major corporations.

But it was easy going on the streets. Traffic isn’t too bad — yet.

The opening of Toyota’s North American headquarters here next week brings the first major wave of employees who will be testing the city’s plans to accommodate thousands — and eventually tens of thousands of people — all driving, walking and using buses to get to work.

Plano officials say there’s no reason to panic. They’ve been tinkering and tweaking to prepare. The reality, though, is there will be growing pains.

“We’ve done a lot of advanced planning over the years for that particular area, so we have the network, we have the roads, we have the strategies, we have the future timing plans,” said Lloyd Neal, the city’s transportation engineering manager. “There are a lot of unknowns still, but we are planning for it.”

The city has been working to ease congestion around the mixed-use development that will be home to companies like Toyota’s North American headquarters, Liberty Mutual and JPMorgan Chase.

Toyota alone will bring in more than 4,000 employees by year's end. Altogether, major companies are expected to employ more than 15,000 people in the area. And 6,000 to 8,000 are expected to live in the area by the time it is fully built out in about 10 years.

U.S. Government fiscal and accounting fraud is causing us to make some very bad financial decisions.

The senior officials of the U.S. Government are common criminals because they are operating the U.S. Government fiscal policy with fraudulent accounting so that they can enrich themselves and their upper-class friends! And this same accounting fraud is causing traffic jams in Plano, TX!

Endless money means endless cars means big traffic jams!

We must re-establish integrity within the U.S. Government! We must have Truth in the U.S. Government! The U.S. Government must start using an honest accounting system!

National Debt    $19.9 Trillion 
Cash Deficit in FY2017  $0.57 Trillion 
GAAP Deficit in FY2017 
$5.56 Trillion 
US Unfunded Future Liabilities  $86.5 Trillion 
US Unfunded Liabilities (GAAP)  $106.4 Trillion 
Imaginary-Counterfeit Money 
$106.4 Trillion 
Total National Assets 
$131.6 Trillion 

Source: Jun 13, 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 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 website is an introduction to my more detailed website 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 ($106.4 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