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

A Fake America!
August 17, 2017   Emailed to WSJ/NYT/DMN 8/17/17


The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains how the U.S. Government is using a fraudulent fiscal policy and accounting system to fraudulently elevate the status of America over the rest of the planet and to fraudulently elevate the status of the elite in America over the rest of the Americans. The U.S Government is using fiscal and accounting fraud to create "A Fake America"!


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".


A Fake America!

August 17, 2017


The U.S. Government is using a fraudulent fiscal policy and accounting system to fraudulently elevate the status of America over the rest of the planet and to fraudulently elevate the status of the elite in America over the rest of the Americans. The U.S Government is using fiscal and accounting fraud to create "A Fake America"!


The U.S. Government is corrupt! The U.S. Government is committing fiscal and accounting fraud so that it can enrich itself, colossally enrich the U.S. upper class, and give all Americans imaginary-counterfeit money to buy stuff from the rest of the planet. The U.S. Government is committing fiscal and accounting fraud so that it can dramatically overspend on things like our military capability!


The U.S. Government is operating its fiscal policy with an improper accounting system. The U.S. Government is operating with Cash Accounting rather than the proper GAAP Accounting. This has created a classic Ponzi scheme, I call it USAPonzi, that is borrowing/stealing money, I call it imaginary-counterfeit money, from the future Americans, that the future Americans do not have, and giving it to the current Americans but with most of this money going to the U.S. upper class!


We are filling the planet with stuff that we have bought/built with imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans. So far, the U.S. Government has borrowed $107.2 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans to perpetrate this fraud! The only problem is, the future Americans do not have $107.2 Trillion. The U.S. Government is committing a $107.2 Trillion fraud!


This fiscal and accounting fraud is falsely improving the lifestyle of all Americans relative to the rest of the planet and is falsely and dramatically improving the lifestyle of the elite in America relative to the rest of the Americans. This fraud has created "A Fake America"!


This fraud has colossally elevated the status of the U.S. upper class over the U.S. general public because the U.S. Government has given the U.S. upper class most of this $107.2 Trillion by fraudulently borrowing it from the future Americans.


This fraud has colossally elevated the status of America over the rest of the planet by creating this $107.2 Trillion of imaginary-counterfeit money out of "thin air" so that we can appear to afford to be the "planet policeman" when in fact America is the "planet bully". The only way we can afford to have the most powerful military on the planet is because we are financing our defense spending with imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans!


Most of the people on planet Earth are falling for this U.S. Government fraud! But in their defense, the reason they are fooled is because the U.S. Government tries to conceal this fraud by using Cash Accounting rather than the proper GAAP Accounting. Cash Accounting dramatically understates our deficit spending and our public liabilities as shown in the table below!


The citizens of planet Earth need to demand that the U.S. Government begin using honest accounting!


This fraud is why the United States of America appears to be the richest and most prosperous country in the history of the planet! $107.2 Trillion of imaginary-counterfeit money can certainly give the appearance of great wealth and prosperity!


This fraud is why the United States of America has the most powerful military on the planet! $107.2 Trillion of imaginary-counterfeit money can certainly buy a lot of military capability!


This fraud is a classic Ponzi scheme, I call it USAPonzi, that is paying the current Americans, primarily the U.S. upper class, with money that is to be paid later by the future Americans!


This fraud is a classic Ponzi scheme, I call it USAPonzi, that is paying for our military capability with money that is to be paid later by the future Americans!


Ponzi Scheme
A Ponzi scheme is a fraudulent investment operation where the operator generates returns for older investors through revenue paid by new investors, rather than from legitimate business activities. Wikipedia


Most of the planet has been fooled (See A Planet fooled) by this fiscal and accounting fraud that has created "A Fake America"!


USAPonzi
is a classic Ponzi scheme of the same ilk as the Madoff Ponzi scheme ($50 Billion) but is more than 2,000 times larger because USAPonzi's current indebtedness is estimated to be $107.2 Trillion ($107.2T/$50B = 2,144).


USAPonzi has created "A Fake America"!


By using fraudulent accounting to fraudulently borrow $107.2 Trillion of imaginary-counterfeit money from the future Americans that the future Americans do not have, the U.S. Government has appeared to colossally enrich the U.S. upper class and has appeared to field the most powerful military capability the planet has ever seen!


"A Fake America" won the "cold war" with an apparent military capability that was funded by fraudulent accounting and now America is trying to intimidate North Korea with this fake military capability that is financed with fake money that the U.S. Government has fraudulently borrowed from the future Americans.


USAPonzi has created "A Fake America"!


When USAPonzi implodes, the imaginary-counterfeit money and the GAAP basis deficit spending will both evaporate so both our GDP and Total National Assets will drop dramatically. Our GDP could be cut in half or more and our Total National Assets could fall by 85% or more.


The Implosion of USAPonzi provides a more detailed discussion of what I predict will happen when this Ponzi scheme implodes.


USAPonzi has created "A Fake America"!

 

National Debt  $20.0 Trillion 
Cash Deficit in FY2017  $0.68 Trillion 
GAAP Deficit in FY2017 
$5.52 Trillion 
US Unfunded Future Liabilities  $87.2 Trillion 
US Unfunded Liabilities (GAAP)  $107.2 Trillion 
Imaginary-Counterfeit Money 
$107.2 Trillion 
Total National Assets 

$133.2 Trillion 

Source: www.usdebtclock.org Aug 17, 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 ($107.2 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