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

America the Planet Bully by Fraud!
June 14, 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 how the U.S. Government is committing fiscal and accounting fraud to make “America the Planet Bully!


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 the Planet Bully by Fraud!
June 14, 2018


America likes to pretend to be the Planet Policeman (the good guy)!


America is actually the Planet Bully (the bad guy)!


Trump can play “my arsenal is bigger than your arsenal” with Kim Jong Un because Trump's arsenal has been purchased with $113.6 Trillion of imaginary-counterfeit money that the corrupt and criminal U.S. Government has fraudulently borrowed from the future Americans!


America has become the Planet Bully by committing fiscal and accounting fraud! America is not operating its fiscal policy with proper accrual accounting! This accounting fraud has allowed the corrupt and criminal U.S. Government to fraudulently borrow $113.6 Trillion from the future Americans and give it to the U.S. upper class!


America appears to be the most prosperous and wealthy country on Planet Earth because the corrupt and criminal U.S. Government has created $113.6 Trillion of imaginary-counterfeit money out of “thin air” by borrowing money from the future Americans and giving it to the U.S. upper class! The only problem is that the future Americans do not have $113.6 Trillion! This is a $113.6 Trillion fraud!


The U.S. Government is borrowing money from the future Americans that the future Americans do not have and giving it to the U.S. upper class! I call this fraudulently borrowed money, imaginary-counterfeit money, because it is does not exist, i.e. it is imaginary, and has no value, i.e. it is counterfeit!


The U.S. upper class is getting rich with monopoly money!


America has the most powerful military arsenal ever assembled simply because the corrupt and criminal U.S. Government has fraudulently borrowed $113.6 Trillion of imaginary-counterfeit money from the future Americans so the U.S. Government can buy an essentially unlimited number of guns and bombs! The only problem is that the future Americans do not have $113.6 Trillion! This is a $113.6 Trillion fraud!


The corrupt and criminal U.S. Government is buying guns and bombs with monopoly money!


When the U.S. Government can buy an unlimited number of guns and bombs, America can be the Planet Bully! When the U.S. Government needs more guns and bombs, it just borrows some more imaginary-counterfeit money from the future Americans and buys more guns and bombs!


America likes to think of itself as the Planet Policeman because we have military capability in many countries to maintain stability and provide protection for our allies! The U.S. Government is fraudulently financing this military capability by using fraudulent accounting!


The U.S. Government is printing counterfeit money by using fraudulent accounting to enrich the U.S. upper class!


The U.S. Government is printing counterfeit money by using fraudulent accounting to buy guns and bombs to maintain military dominance over Planet Earth!


America is the Planet Bully because the corrupt and criminal U.S. Government is committing fiscal and accounting fraud!


The corrupt and criminal U.S. Government is borrowing monopoly money from the future Americans to enrich the U.S. upper class and to buy guns and bombs so that America can be the Planet Bully!


This accounting fraud has produced a classic Ponzi scheme, I call it USAPonzi, that the U.S. Government has been running for now 49 years!


The corrupt and criminal U.S. Government has been “Cooking the Books” since FY1969!


The corrupt and criminal U.S. Government is borrowing an unending and ever-increasing amount of imaginary-counterfeit money from the future Americans and giving it to the U.S. upper class so the U.S. Government can buy an unending and ever-increasing number of guns and bombs to make “America the Planet Bully”!


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 14, 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