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

An Infinite Amount of The Wrong Stuff
September 9, 2017   Emailed to WSJ/NYT/DMN 9/10/17


The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains why U.S. Government fiscal and accounting fraud is causing the planet to buy, build and consume "An Infinite Amount of The Wrong Stuff"!


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".


An Infinite Amount of The Wrong Stuff

September 9, 2017


When the general public finds out the U.S. Government has given the U.S. upper class $107.4 Trillion and has underfunded the benefit promises to the general public by $87.4 Trillion; the general public is going to be really, really pissed!


The U.S. Government is systematically and fraudulently borrowing what, if continued, would be an infinite amount of imaginary-counterfeit money ($107.4 Trillion so far) from the future Americans so that the current Americans can buy, build, and consume what, in theory, would be "An Infinite amount of The Wrong Stuff"!


Americans are buying and building too much of everything because the U.S. Government is printing imaginary-counterfeit money with GAAP basis deficit spending. We are going to have a whole lot of physical assets sitting around doing nothing when this fraud is finally exposed. We have already bought and built a lot of this stuff; too many cars, trucks, airplanes, ships, boats, houses, condos, apartments, banks, restaurants, malls, golf courses, resorts, cruise ships, TVs, computers, smartphones, etc. etc.. We are buying and building "The Wrong Stuff" with imaginary-counterfeit money!


"An Infinite Amount of The Wrong Stuff" is a whole hell of a lot of "The Wrong Stuff"!


The Thomas Wolfe 1979 book "The Right Stuff" and the 1983 movie of the same name is a story about some of the best of America; a story about the first seven astronauts that were pioneers of the space age.


This commentary is a story about some of the worst of America; a story about the fiscal and accounting fraud being perpetrated by the U.S. Government that is causing the entire planet to buy, build, and consume what, in theory, would be "An Infinite Amount of The Wrong Stuff"!


The U.S. Government is corrupt! The U.S. Government is using Cash Accounting rather than the proper and Generally Accepted Accounting Principles (GAAP Accounting) and as a result has produced a classic Ponzi scheme that I call USAPonzi. This Ponzi scheme is systematically and fraudulently borrowing what, in theory, would be an infinite amount of imaginary-counterfeit money from the future Americans and giving it to the U.S. upper class!


So far, this fraud has enriched the U.S. upper class by $107.4 Trillion, has underfunded U.S. Government benefit promises to the U.S. common Man by $87.4 Trillion, and has caused the U.S. Government to overspend its cash budget by $20.0 Trillion.


This fraud is causing people and companies all over the planet to make bad financial decisions and is allowing people all over the planet to buy, build, and consume what, in theory, would be "An Infinite Amount of The Wrong Stuff"!


The U.S. Government is creating what, in theory, would be an infinite amount of imaginary-counterfeit money out of "thin air" and giving it to the U.S. upper class! That is why the rich are willing to give large campaign contributions to their favorite candidates so they will continue to raise the "Debt Limit" and continue to present the U.S. upper class with this infinite supply of imaginary-counterfeit money.


That is just how Ponzi schemes work!


This particular Ponzi scheme (USAPonzi) is


presenting what, in theory, would be infinite wealth to the U.S. upper class


and in the long term is presenting economic devastation to the rest of U.S. population.


This fraud is colossally enriching the rich and is colossally oppressing everyone else!


This fraud has produced $107.4 Trillion of imaginary-counterfeit money, so far, for the U.S. upper class so they are spending money like a bunch of "drunken sailors"; building big houses, buying luxury condos, renting luxury apartments, buying luxury cars, buying personal airplanes, and spending lavishly on vacations and entertainment. This fraud has created a super opulent lifestyle for the U.S. (and global) upper class. $107.4 Trillion should be able to improve the lifestyle of the U.S. upper class!


This fraud has caused the U.S. Common Man to not adequately save for retirement since they have been hoodwinked into thinking that the U.S. Government will pay them social security, will pay for their healthcare, will pay them government pensions, and will pay them veterans benefits. These benefit promises are now underfunded by $87.4 Trillion.


The U.S. Government is lying to and cheating the general public so that it can dramatically enrich itself and colossally enrich the U.S. upper class!


This fraud is "Filling the Planet with Junk" that we will not be able to effectively use when this Ponzi scheme implodes. The U.S. Government is distorting the global financial system, the global economy, the global social order, and is creating conflicts between various classes of people all over the planet simply by using fraudulent accounting.


When the U.S. Government gives the elite in America $107.4 Trillion by taking promised benefit money away from the U.S. Common Man, this is eventually going to cause severe conflict between the haves and the have-nots. This conflict has already started! And well it should, because the U.S. Government is cheating the U.S. Common Man to enrich itself and its rich friends!


The wealthy complain that they are paying for benefits to U.S. Common Man so that the Common Man does not have to work, when in fact the U.S. upper class is the biggest financial beneficiary of this welfare state! Nobody is paying for much of anything because we are using imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans to buy, build, and consume what, in theory would be "An Infinite Amount of The Wrong Stuff"!


We are in the process of filling the planet with an infinite number of cars and trucks that are being purchased with imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans!


We are in the process of filling the skies with an infinite number of airplanes that are being purchased with imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans!


We are in the process of filling the seas with an infinite number of ships, yachts, and boats that are being purchased with imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans!


We are in the process of buying, building, and renting an infinite number of houses, condos, and apartments, that we cannot afford, with imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans.


We are buying almost everyone on the planet a smartphone with imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans.


This is why it looks like Apple has won the $Trillion lottery every time it produces a new model of the iPhone! We are buying these iPhones with this theoretically infinite supply of imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans.


We are in the process of buying and building an infinite amount of military equipment for the most powerful military machine on the planet with imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans.


We are in the process of buying, building, and consuming what, in theory, would be "An Infinite Amount of The Wrong Stuff" because the U.S. Government is committing fiscal and accounting fraud!


This fraud is a classic Ponzi scheme that is being operated by the U.S. Government, therefore I have named this fraud USAPonzi. The U.S. Government is simply borrowing more and more money from the future Americans every day and giving it to the U.S. upper class!


This is why many of the underprivileged, the underemployed, and the unemployed are beginning to rebel against governmental authority; they resent the fact that the U.S. Government has given the U.S. upper class $107.4 Trillion while creating an economy in which they cannot find a decent paying job.


I think it is safe to say that Donald Trump got elected because of this U.S. Government fiscal and accounting fraud that has distorted our financial system and our economy to the point that the voters were voting for a change more than they were voting for Donald Trump. The U.S. upper class is being treated royally by this fraud while the U.S. Common Man is being oppressed by this fraud! Yes, I know that most people do not know about this fraud; but they do know that they do not like the rich getting richer and richer while they are getting poorer and poorer.


When the general public finds out the U.S. Government has given the U.S. upper class $107.4 Trillion and has underfunded the benefit promises to the general public by $87.4 Trillion, the general public is going to be really, really pissed!


Someone has got to stop this fraud!


The U.S. Government has got to start telling the financial truth!


The "News Media" has got to start reporting the financial truth!

 

National Debt  $20.0 Trillion 
Cash Deficit in FY2017  $0.69 Trillion 
GAAP Deficit in FY2017 
$5.51 Trillion 
US Unfunded Future Liabilities  $87.4 Trillion 
US Unfunded Liabilities (GAAP)  $107.4 Trillion 
Imaginary-Counterfeit Money 
$107.4 Trillion 
Total National Assets 

$133.8 Trillion 

Source: www.usdebtclock.org Sep 9, 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 ($107.4 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