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

$109.0 Trillion White Collar Crime in Plain Sight
November 20, 2017    Emailed to WSJ/NYT/DMN 11/20/17


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times” and “The Dallas Morning News” that explains how the corrupt U.S. Government is committing a $109.0 Trillion White Collar Crime in Plain Sight”!


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”!


$109.0 Trillion White Collar Crime in Plain Sight

November 20, 2017


The U.S. Government is committing a “$109.0 Trillion White Collar Crime in Plain Sight” so that it can enrich itself and its U.S. upper-class friends!


The rich and the powerful in America have resorted to fiscal and accounting fraud to enrich themselves!


The U.S. Government is operating with a fiscal policy that is a $109.0 Trillion white collar criminal activity that is being conducted in plain sight! The U.S. Government has fraudulently borrowed $109.0 Trillion from the future Americans and given it to the U.S. upper class. The U.S. Government attempts to conceal this crime by reporting its financial condition with fraudulent accounting. The U.S. Government is assessing and reporting its financial condition with Cash Accounting rather than the proper GAAP Accounting.


This is a criminal activity because the future Americans do not have $109.0 Trillion!


This criminal activity is enriching the U.S. ruling class and colossally enriching the U.S. upper class! This criminal activity is cheating the U.S. general public and the rest of the planet!


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


The U.S. Government is not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting)! The U.S. Government is not properly accruing for the future benefit promises that it has made to the U.S. general public. The U.S. Government has deferred $109.0 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans, has undertaxed the U.S. upper class by $109.0 Trillion, and has underfunded the future benefit promises to the U.S. general public by $88.5 Trillion.


The corrupt U.S. Government is fraudulently borrowing fake money ($109.0 Trillion so far) from the future Americans so that it can enrich itself and its U.S. upper-class friends! I call this fake money; imaginary-counterfeit money! The U.S. Government has given this $109.0 Trillion to the U.S. upper class by undertaxing them! The U.S. Government has then borrowed $20.5 Trillion (National Debt) from the fraudulently enriched upper class so that it can overpay itself and its related businesses!


The corrupt U.S. Government is cheating the U.S. general public by promising to pay U.S. Government benefits but has underfunded these benefit promises ($88.5 Trillion) so that it can enrich itself and its U.S. upper-class friends!


The corrupt U.S. Government is cheating the rest of the planet by borrowing fake money ($109.0 Trillion) from the future Americans and giving it to the current Americans so the current Americans can buy stuff from the rest of the planet with this fake money!


This is a fraud and a Ponzi scheme because the future Americans do not have $109.0 Trillion!


The corrupt U.S. Government has fraudulently borrowed $109.0 Trillion of fake money from the future Americans, money that the future Americans do not have, and given it to the U.S. upper class!


The corrupt U.S. Government has pulled $109.0 Trillion of fake money out of “thin air” and given it to the U.S. upper class simply by committing fiscal and accounting fraud by operating with Cash Accounting rather than the proper GAAP Accounting! The U.S. Government likes the U.S. upper class a lot more than it likes the U.S. general public, possibly because the U.S. upper class will make nice donations to their election and re-election campaigns. The U.S. general public does not have $109.0 Trillion that it can spare to donate to the U.S. Government officials! In a sense, these donations are a payback for getting the $109.0 Trillion of “free fake money” from this U.S. Government fraud!


The U.S. Government is committing this $109.0 Trillion white collar crime in plain sight and has gotten away with this fraud for 48 years because the entire planet just cannot believe that the U.S. Government would resort to criminal activity to enrich themselves and their upper-class friends by cheating the U.S. general public and the rest of the planet!


The U.S. Government has created $109.0 Trillion out of “thin air” and given it to the U.S. upper class!


The U.S. Government is producing counterfeit wealth and prosperity for the United States of America by fraudulently borrowing imaginary-counterfeit money from the future Americans and giving it to the U.S. upper class!


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


The U.S. Government is running a $109.0 Trillion Ponzi scheme!


The senior members of the U.S. Government are “Criminals, Scoundrels, Liars, and Cheaters”!


The rich and the powerful in America have conspired to use fiscal and accounting fraud to enrich themselves!


The U.S. Government is committing a “$109.0 Trillion White Collar Crime in Plain Sight”!

 

National Debt  $20.5 Trillion 
Cash Deficit in FY2018  $0.68 Trillion 
GAAP Deficit in FY2018  $5.66 Trillion 
US Unfunded Future Liabilities  $88.5 Trillion 
US Unfunded Liabilities (GAAP)  $109.0 Trillion 
Imaginary-Counterfeit Money  $109.0 Trillion 
Total National Assets  $135.3 Trillion 

Source: www.usdebtclock.org Nov 20, 2017


To eliminate this fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.


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 fraud/Ponzi scheme is also explained in “short story style” in my October 1, 2017 commentary USAPonzi CliffsNotes and in my October 8, 2017 commentary USAPonzi Elevator Speech.


This is the biggest ($109.0 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.


John W. White
Plano, TX