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

America is a Criminal Country!
June 16, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 6/14/18


The following is an Op-Ed to “The Wall Street Journal”“The New York Times”“The Washington Post”, and “The Dallas Morning News” that explains why “America is a Criminal Country! The U.S. Government is committing fiscal and accounting fraud by not using proper accrual accounting which in America is called
GAAP Accounting!


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 “colossally feather the nests of their upper-class friends”! The U.S. Government is not using proper accrual accounting!


The “news media” is aiding and abetting the corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud!


America is a Criminal Country!
June 16, 2018


America is a criminal country because the U.S. Government is committing fiscal and accounting fraud!


The U.S. Government is corrupt!


The U.S. Government is committing fiscal and accounting fraud by not operating its fiscal policy with proper GAAP Accounting!


The corrupt and criminal U.S. Government is creating “Wealth out of Thin Air” for the U.S. upper class by not accruing for the future benefit promises that the U.S. Government has made to the U.S. general public!


Because the U.S. Government is not using proper GAAP Accounting, the U.S. Government has fraudulently borrowed $113.6 Trillion of imaginary-counterfeit money from the future Americans and given it to the U.S. upper class!


The corrupt and criminal U.S. Government is buying guns and bombs with some of this imaginary-counterfeit money so that America can be the Planet Bully!


Americans are buying things with $113.6 Trillion of imaginary-counterfeit money that the U.S. Government has produced by using fraudulent accounting! The corrupt and criminal U.S. Government has deferred $113.6 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans giving the current Americans $113.6 Trillion of imaginary-counterfeit money with the U.S. upper class getting almost all of this imaginary-counterfeit money!


When all Americans are buying things with imaginary-counterfeit money, this means that the entire country of America is criminal!


How is the planet supposed to deal with a situation where the wealthiest and most powerful country on the planet has achieved that status by committing a $113.6 Trillion criminal fraud?


America is a criminal country!


The U.S. Government is corrupt!


The senior officials of the U.S. Government are common criminals that have committed a $113.6 Trillion criminal act by not using proper accrual accounting! The senior officials of the U.S. Government are common criminals because they are direct financial beneficiaries of this massive fraud!


We now have 535 criminals in the U.S. Congress and an untold number of criminals in the White House!


This fraud is explained in more detail in my Open Letter to Planet Earth!


To eliminate this massive fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget. GAAP Accounting (Generally Accepted Accounting Principles) is the commonly used name in America for the accounting guidelines for accrual accounting.

 

National Debt   $21.1 Trillion  
Cash Deficit in FY2018   $0.77 Trillion  
GAAP Deficit in FY2018   $6.02 Trillion  
US Unfunded Future Liabilities   $92.5 Trillion  
US Unfunded Liabilities (GAAP)   $113.6 Trillion  
Imaginary-Counterfeit Money   $113.6 Trillion  
Total National Assets   $137.1 Trillion  

Source: www.usdebtclock.org Jun 16, 2018


This fraud/Ponzi scheme (USAPonzi) is explained in much more detail on my websites www.usaponzi.net and www.usaponzi.com and in my books “USAPonzi”, “USAPonzi2”, and “USAPonzi3”!


This is the biggest ($113.6 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