USAPonzi-The Biggest Ponzi Scheme on the Planet-The U.S. Government

                    Copyright Declaration                                                                                                                                       John W. White    March 29, 2013

Biden Fooled by his own Fraud 211104
November 4, 2021
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 11/4/21


I am a whistleblower! The U.S. Government is corrupt! The corrupt U.S. Government is “cooking the books”! (See
USAPonzi-The Great American Fraud)


President Joe Biden has been fooled by his own fraud!


It is sad to have to write this commentary because I think that Joe Biden really intends to do the right thing. But he sorely needs to have some competent economic advisors!


Reuters.com Energy
Biden blames higher oil and gas prices on OPEC
November 2, 2021


GLASGOW, Nov 2 (Reuters) - U.S. President Joe Biden blamed a surge in oil and gas prices on a refusal by OPEC nations to pump more crude.


Speaking at a climate summit in Glasgow, Scotland, Biden also attributed higher inflation to the coronavirus slowing down the supply chain.


Reporting by Jeff Mason


Something is wrong with this picture!


I find this request by President Biden ironic and foolish for two reasons:


-- 1) President Biden is at conference on climate change where he is trying to assume the role as the global leader in the campaign to reduce the use of fossil fuels and he is making a request of OPEC to produce more fossil fuels!


-- 2) President Biden is requesting more oil and gas from OPEC to reduce the cost oil and gas when the U.S. Government, of which he is the leader, is borrowing an infinite amount of counterfeit money from the future Americans so we can buy an infinite amount of oil and gas which is increasing the demand and price for oil and gas!


Does anybody else see anything wrong with President Biden's request?


Demand and price for oil and gas are going up exponentially because the corrupt U.S. Government is printing an infinite amount of counterfeit money, so far $159.2 Trillion, to create counterfeit wealth in America and make America by far the largest consumer of energy on the planet!




https://public.wsu.edu/~mreed/380American%20Consumption.htm


We have found the enemy and he is us!


Biden's economic advisors
need to inform him that his own U.S. Government is committing a fiscal and accounting fraud that is creating Counterfeit Wealth in Americaincreasing the consumption of fossil fuels, causing Global Warming, causing Inflation, causing the Coronavirus Pandemic, and causing the Supply Chain Crisis!


President Biden needs to stop pointing his finger at others and start accepting the fact that his own U.S. Government's fiscal and accounting fraud is the root cause for many of our global problems!


I am a
whistleblower! The U.S. Government is corrupt! The corrupt U.S. Government is “cooking the books”!


The corrupt U.S. Government is committing a fiscal and accounting fraud, I call it USAPonzi, by not operating its fiscal policy with proper accrual accounting! The corrupt U.S. Government has fraudulently borrowed $159.2 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class by undertaxing them so the entire planet can buy expensive cars and expensive shoes with monopoly money!


The corrupt U.S. Government is not operating its fiscal policy with proper accrual accounting (GAAP Accounting) and as a result is running a classic Ponzi scheme, I call it USAPonzi, that is in the process of printing an infinite amount of counterfeit money, I call it imaginary-counterfeit money, by fraudulently borrowing it from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!


This fraud was started in 1969 when a scoundrel, Lyndon Baines Johnson, proposed and the corrupt U.S. Congress approved the Unified Budget but did not switch from Cash Accounting to GAAP Accounting that would properly accrue the money to pay future U.S. Government benefits to the U.S. general public!


The following chart shows how the corrupt U.S. Government started fraudulently borrowing imaginary-counterfeit money from the future Americans in 1969 and, so far, has fraudulently borrowed $159.2 Trillion of imaginary-counterfeit money from the future Americans and given it to the U.S. upper class!


This chart also gives a graphical projection of how the corrupt U.S. Government, with the current Ponzi scheme fiscal policy, could fraudulently borrow over a Quadrillion dollars (a thousand Trillion dollars) of imaginary-counterfeit money from the future Americans by 2041 and give it to the U.S. upper class so the entire planet can buy a whole-hell-of-a-lot more oil and gas with a Quadrillion dollars of imaginary-counterfeit money!





My commentary PEMMA-Planet Earth Man-Made Apocalypse 211101 explains the epic financial, economic, physical, and humanitarian disaster that is just ahead for Planet Earth because of this corruption within the U.S. Government!


The fools on Wall Street have been fooled by the criminals in Washington! In the defense of Wall Street, the corrupt U.S. Government may have fooled itself! We do not yet know if the people in the U.S. Government are accidental fools or intentional criminals! I suggest that we have some of each but they are all criminals whether they know it or not!

 

US National Debt  $28.9 Trillion 
Cash Deficit in FY2022  $2.79 Trillion 
GAAP Deficit in FY2022 
$19.20 Trillion 
US Unfunded Future Liabilities  $130.3 Trillion 
US Unfunded Liabilities (GAAP)  $159.2 Trillion 
Imaginary-Counterfeit Money 
$159.2 Trillion 
US Total National Assets 

$201.3 Trillion 

Source: www.usdebtclock.org November 4, 2021


I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain USAPonzi and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can be downloaded from my websites in pdf format.


John W. White

Plano, TX