America: It is Time for Truth! 200110
January 10, 2020
Emailed to United Nations, Fed Chair Jay Powell, 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, NYT/WSJ/WP/CNBC/DMN on 1/9/20.
America, it is time to start telling the truth!
The U.S. Government is corrupt! The U.S. Government has tricked the U.S. general public by promising them future benefits but not accruing the money to pay these future benefits! By not accruing for these future benefits, the U.S. upper class gets rich and the U.S. general public gets screwed!
The U.S. Government is operating with a fraudulent fiscal policy that dramatically and fraudulently favors America and the U.S. upper class!
I contend that the primary cause of social discord, political discord, and economic inequality on Planet Earth is due to this corruption within the U.S. Government!
The U.S. Government has been lying to the U.S. general public and to the rest of the planet for the last 50 years by committing a fiscal and accounting fraud! The U.S. Government has been “cooking the books” since FY1969 so that it can enrich America and colossally enrich the U.S. upper class! The U.S. Government is not operating its fiscal policy according to proper and Generally Accepted Accounting Principles (GAAP Accounting)!
This accounting fraud is printing counterfeit money at the rate of our GAAP basis deficit spending and giving it to the U.S. upper class by undertaxing them! So far, this fraud has given the U.S. upper class $127.6 Trillion of counterfeit money and is giving them $16.8 Billion more counterfeit money every day!
The U.S. Government has deferred $127.6 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans which of course can never be paid! GAAP Accounting, properly applied, would not defer more public liabilities to the future Americans than the future Americans can be reasonably expected to pay! $127.6 Trillion of public liabilities is not reasonable!
This fraud is enriching the U.S. upper class and the U.S. ruling class!
This fraud is enriching the global upper class!
This fraud is cheating the U.S. general public and general public in the rest of the planet!
This fraud is causing social unrest and social injustice in the United States! The unrich in America do not like it when the rich get richer and richer!
This fraud is causing social unrest and social injustice throughout the planet! The unrich everywhere do not like it when the rich get richer and richer!
This fraud has fraudulently given the United States military dominance over the rest of the planet! The United States of America is paying for its military arsenal with counterfeit money that has been fraudulently borrowed from the future Americans! $127.6 Trillion of counterfeit money can buy a lot of guns and bombs!
This fraud is causing Global Warming that is destroying Planet Earth! This fraud is in the process of printing an infinite amount of counterfeit money so Planet Earth can build and buy an infinite number of environment-polluting physical objects!
This fraud gives the appearance that social security is viable in America which is untrue!
This fraud gives the appearance that healthcare for all is viable in America which is untrue!
This fraud gives the appearance that the U.S. Government can pay generous pensions and veteran benefits which is untrue!
This fraud has caused and financed global warfare, global terrorism, and domestic terrorism! $127.6 Trillion of imaginary-counterfeit money can buy a lot of guns and bombs!
When people feel oppressed and are being oppressed, they tend to react with increasingly intense demonstrations and eventually with violence!
The United States of America must admit to and remove the corruption within the U.S. Government to reduce the tension that exists throughout the planet because of this financial and economic fraud!
The action taken just last week to kill a prominent Iranian general (Gen. Qassem Soleimani) has, in my opinion, significantly increased the likelihood of armed conflict between America and our adversaries!
Other countries and terrorist groups would not be attacking and terrorizing us nearly as much if we were being honest with the rest of the planet! People, terrorist groups, and countries resent the fraudulent opulence that this accounting fraud that I call USAPonzi has produced for America and the global upper class!
The corrupt U.S. Government has fraudulently borrowed $127.6 Trillion of counterfeit money from the future Americans, money the future Americans do not have, and given it to the U.S. upper class!
We need to start living within our means rather than cheating the rest of the planet by printing counterfeit money!
The U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget to eliminate this fraud and establish a level economic and financial playing field throughout Planet Earth!
This will restore social and economic equity, but it will lead to an economic depression that will rival and possibly exceed the Great Depression but will be necessary to sort out and eradicate fraud and corruption throughout the planet that has been introduced by the U.S. Government accounting fraud that I call USAPonzi!
Possibly the most important question will be whether we can successfully reverse the Global Warming trend by retiring the multitude of environment-polluting physical assets that have been produced by this accounting fraud! Will we be able to save Planet Earth?
If we can save Planet Earth, we will have to re-tool and downscale the housing accommodations and un-urbanize the population to restore a stable and sustainable working population! Americans will have to start working for a living rather than living on the imaginary-counterfeit money that the U.S. Government is printing with this accounting fraud!
The following commentaries give further explanations of this absurd and criminal fiscal policy of the U.S. Government.
Whistleblower Letter #1 to Planet Earth
USAPonzi-The Great American Con Game
Whistleblower Letter #3 to the U.S. Congress 191110
Whistleblower Letter #1 to the United Nations 191203
Death of Planet Earth
|Cash Deficit in FY2020
|GAAP Deficit in FY2020
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP))
|Total National Assets
Source: www.usdebtclock.org January 10, 2020
You can learn much more detailed information about this Con Game/accounting fraud/Ponzi scheme by reading my websites www.usaponzi.net and www.usaponzi.com or my sixth book on USAPonzi “USAPonziC” which is available on Amazon.
John W. White