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

AT&T CEO Income dwarfs worker salaries by Fraud
March 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 3/15/18


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 the income of AT&T CEO Randall Stephenson dwarfs worker salaries; U.S. Government fiscal and accounting fraud is colossally enriching all of the U.S. upper class!


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”!


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


AT&T CEO Income dwarfs worker salaries by Fraud
March 14, 2018


The following article was published in the Dallas Morning News on Mar 14, 2018.


CEO PAY--Income dwarfs worker salaries
Filing shows AT&T chief earned 366 times company's median pay


AT&T CEO Randall Stephenson was paid $28.7 million in 2017!


Executive pay has continued to dramatically outpace worker pay for the last few decades because the U.S. Government is committing fiscal and accounting fraud! The U.S. Government is not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting)! As a result, the U.S. Government has been running a $112.4 Trillion Ponzi scheme (USAPonzi) since FY1969!


This Ponzi scheme is colossally enriching the U.S. upper class! The U.S. Government has borrowed $112.4 Trillion of imaginary-counterfeit money from the future Americans and given it to the U.S. upper class and is borrowing $16.4 Billion more every day to continue this enrichment of the U.S. upper class!


I have written an Open Letter to Planet Earth that explains how this fraud is enriching the U.S. upper class and cheating the U.S. general public!


This accounting fraud will give the U.S. upper class infinite imaginary-counterfeit wealth if it is allowed to continue!


USAPonzi is solely responsible for the massive wealth gap between the haves and the have-nots and between CEO pay and worker pay!


CEO pay is dramatically outpacing the pay of the general public simply because the U.S. Government is not using accrual accounting (GAAP Accounting)! The U.S. Government is not taxing the U.S. upper class to accrue the money to pay for future U.S. Government benefit promises to the U.S. general public. The U.S. Government is committing fiscal and accounting fraud to enrich the U.S. upper class and cheat the U.S. general public!


The U.S. Government is corrupt!


The senior members of the U.S. Government are common criminals!


The corrupt and criminal U.S. Government is running a $112.4 Trillion Ponzi scheme!


The U.S. Government is committing fiscal and accounting fraud!


To eliminate this massive fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.

 

National Debt   $21.0 Trillion  
Cash Deficit in FY2018   $0.73 Trillion  
GAAP Deficit in FY2018   $5.99 Trillion  
US Unfunded Future Liabilities   $91.4 Trillion  
US Unfunded Liabilities (GAAP)   $112.4 Trillion  
Imaginary-Counterfeit Money   $112.4 Trillion  
Total National Assets   $137.1 Trillion  

Source: www.usdebtclock.org March 14, 2018


This fraud/Ponzi scheme (USAPonzi) is explained on my website www.usaponzi.net and in my book “USAPonzi3”!


This is the biggest ($112.4 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