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

Buying Stuff with Monopoly Money 180630
June 30, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 6/29/18


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 by not using proper accrual accounting so that Americans can “Buy Stuff with Monopoly Money!


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!


Buying Stuff with Monopoly Money 180630

June 30, 2018


Americans are Buying Stuff with
Monopoly Money!


$113.8 Trillion of Monopoly Money!


The U.S. Government is corrupt!


The corrupt and criminal U.S. Government is borrowing an unending and ever-increasing amount of money, so far $113.8 Trillion, from the future Americans and giving it to the U.S. upper class!


The corrupt and criminal U.S. Government is not using the proper accounting system to manage its fiscal policy!


The corrupt and criminal U.S. Government is not using Generally Accepted Accounting Principles (GAAP Accounting)!


The corrupt and criminal U.S. Government is committing fiscal and accounting fraud so that Americans can “Buy Stuff with Monopoly Money!


Since the U.S. Government adopted the Unified Budget in FY1969, the U.S. Government has not been properly accruing for the future U.S. Government benefit promises that it has made to the U.S. general public! As of today, June 30, 2018, the U.S. Government has deferred $113.8 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans and undertaxed the U.S. upper class by $113.8 Trillion! This fiscal policy has enriched the U.S. upper class by $113.8 Trillion and, if continued, will give infinite wealth to the U.S. upper class!


The current U.S. Government fiscal policy is borrowing an unending and ever-increasing amount of money from the future Americans and giving it to the U.S upper class! This fiscal policy is a classic Ponzi scheme, which I call USAPonzi, that the corrupt and criminal U.S. Government has been operating for now nearly a half century!


This accounting fraud is borrowing $16.5 Billion more money every day from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class! The corrupt and criminal U.S. Government borrows this money from the future Americans with GAAP basis deficit spending (GAAP Deficit in FY2018 = $6.02T/365 days = $16.49B/day)!


This accounting fraud is allowing Americans to buy stuff without having to pay for it!


This accounting fraud is printing monopoly money at the rate of U.S. Government GAAP basis deficit spending!


I call this monopoly money, imaginary-counterfeit money!


This accounting fraud is enriching the U.S. upper class!


This accounting fraud is causing the wealth and income gap!


This accounting fraud is building big houses for the U.S upper class!


This accounting fraud is filling the planet with cars, airplanes, ships, tall buildings, smartphones, t-shirts, tennis shoes, and all kinds of other stuff!


This accounting fraud is allowing Amazon and Nike to sell a lot of stuff!


This accounting fraud is allowing Netflix to sell a lot of video subscriptions!


This accounting fraud is allowing Tesla to sell a lot of fancy cars!


This accounting fraud is causing gold to sell for $1250 an ounce and oil to sell for $75 a barrel!


This accounting fraud is causing the stock market to go up!


This accounting fraud is causing the global economy to expand at an astounding rate!


This accounting fraud has built the biggest military arsenal ever assembled, the U.S. military!


So far, this accounting fraud has borrowed $113.8 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class! I call this fraudulently borrowed money imaginary-counterfeit money. It is imaginary because the corrupt and fraudulent U.S. Government is imagining that the future Americans can pay it someday but it is counterfeit because the future Americans can never pay it!


The U.S. upper class is getting rich with imaginary-counterfeit money and the U.S. general public is getting cheated because the corrupt and criminal U.S. Government is making unreasonable, unaffordable, false, and underfunded U.S. Government benefit promises to the U.S. general public!


The rich get rich today and the poor get cheated tomorrow!


This is a classic Ponzi scheme, I call it USAPonzi, because the early participants in the scheme get paid outlandish returns from the money that the operator is expecting/pretending to receive from the late participants in the scheme!


This is a $113.8 Trillion criminal act by the corrupt and criminal U.S. Government!


The corrupt and criminal U.S. Government has created $113.8 Trillion of imaginary-counterfeit wealth for the U.S. upper class by “Cooking the Books”!


The corrupt and criminal U.S. Government has deferred $113.8 Trillion of pubic liabilities (US Unfunded Liabilities (GAAP)) to the future Americans so that it can undertax and enrich the U.S. upper class by $113.8 Trillion!


The corrupt and criminal U.S. Government is borrowing a whole-hell-of-a-lot-of-money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class!


The U.S. Government is corrupt!


The senior officials of the U.S. Government are common criminals that have committed a $113.8 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 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   $21.2 Trillion  
Cash Deficit in FY2018   $0.78 Trillion  
GAAP Deficit in FY2018   $6.02 Trillion  
US Unfunded Future Liabilities   $92.6 Trillion  
US Unfunded Liabilities (GAAP)   $113.8 Trillion  
Imaginary-Counterfeit Money   $113.8 Trillion  
Total National Assets   $137.3 Trillion  

Source: www.usdebtclock.org Jun 30, 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 ($113.8 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