USAPonzi-The Great American Fraud

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

Truth should reduce Political Polarization!
June 16, 2017     Emailed to WSJ/NYT/DMN on 6/16/17

The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains why "Truth should reduce Political Polarization"!

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".

Truth should reduce Political Polarization!

June 16, 2017

Political polarization refers to cases in which an individual's stance on a given issue, policy, or person is more likely to be strictly defined by their identification with a particular political party (e.g., Democrat or Republican) or ideology (e.g., liberal or conservative).

Polarization (politics) - Wikipedia

We are seeing remarkable political polarization within the U.S. Government and throughout the United States! Hopefully the shooting attack on the GOP baseball team will be a painful reminder that this polarization needs to be dramatically reduced. The two parties have become so polarized that many people do not argue their postion with rational discussion but immediately assume a radical stance on the issue and aggressively attack their political opponent with verbal abuse!

Now we are seeing this verbal abuse transition to physical abuse! This verbal and physical abuse are both likely to increase when the general public is made aware of the fact that the U.S. Government is committing fiscal and accounting fraud to enrich the U.S. upper class by $106.5 Trillion and oppress the U.S. Common Man! The U.S. Government is committing accounting fraud to dramatically skew wealth to themselves and their upper-class friends by cheating the general public.

Many political issues have an economic component to the argument which I contend are markedly impacted by this U.S. Government fiscal and accounting fraud. These issues include such important items as the national debt, the national deficit, trade deficits, unfunded future liabilities, defense spending, Social Security benefits, healthcare benefits, welfare benefits, infrastucture spending, job creation, inflation, and offshoring among many others.

These financial and economic issues are dramatically distorted because the U.S. Government is using fraudulent accounting! The U.S. Government is operating with Cash Accounting rather than the proper GAAP Accounting! The U.S. Government is committing fiscal and accounting fraud! The U.S. Government is running a massive Ponzi scheme!

Because of this fiscal and accounting fraud, the U.S. Government is dramatically overspending, overcommitting, and undertaxing. The U.S. Government now has public liabilities (US Unfunded Liabilities (GAAP)) of $106.5 Trillion. The U.S. Government has already borrowed $106.5 Trillion from the future Americans and the proposed policies of the current administration are only going to increase these outrageous financial deficits!

When the U.S. Government starts telling the financial truth, the two political parties will both have a fact based basis for their policy decisions. They will not like the answers that truth dictates, but at least their policy decisions can be financially supported and rationally explained to the general public by using honest accounting.

But the first step is for the U.S. Government to acknowledge that it has been operating for the last 48 years with a fraudulent fiscal policy and financial system that has been dramatically enriching the U.S. ruling class, has been colossally enriching the U.S. upper class, has been colossally cheating the U.S. Common Man, and has been colossally cheating the rest of the planet!

Telling the truth is a lot easier to explain than 48 years of lying because of this fiscal and accounting fraud. The U.S. Government started "Cooking the Books" in FY1969 when Lyndon Baines Johnson convinced the U.S. Congress that he could balance the budget with his proposal for a "Unified Budget" by borrowing and spending the money in the social benefit trust funds! This action is what launched the Ponzi scheme fiscal policy that I call USAPonzi.

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: Jun 15, 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 ($106.5 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