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

                    Copyright Declaration                                                                                                                                       John W. White    March 29, 2013

Care Bear Crisis by Cooking the Books 211012
October 12, 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 10/12/21


America
has a very serious problem, we cannot get enough Care Bears!


CNBC
produced a documentary explaining how the Covid-19 Pandemic has created a crisis in the supply chain for Care Bears! This supply chain crisis was exacerbated by Covid-19 but it is caused by the U.S. Government “cooking the books”!


The corrupt U.S. Government has printed $157.8 Trillion of counterfeit money so America can buy a whole-hell-of-a-lot of Care Bears!


CNBC

A look at the Care Bears’ journey through the broken supply chain
A team of CNBC reporters highlight how the Covid-19 pandemic has upended the global supply chain, which is plagued by higher costs and delays, through a well-known kids toy.
Oct 7, 2021
Courtney Reagan, Jane Wells, Eunice Yoon, Frank Holland


https://www.cnbc.com/video/2021/10/07/a-look-at-the-care-bears-journey-through-the-broken-supply-chain.html


The following are snapshots from this CNBC documentary that expose the elaborate and fraudulently financed supply chains that the corrupt U.S. Government has created by “cooking the books”!


America can import a whole-hell-of-a-lot of stuff, including Care Bears, by borrowing $157.8 Trillion from the future Americans and giving it to the U.S. upper class!









The corrupt U.S. Government has fraudulently printed $157.8 Trillion of counterfeit money which has stupidly caused us to build 5,371 cargo ships and 17 million shipping containers so we can handle all of the Care Bears and other cargo that we are buying with $157.8 Trillion of counterfeit money! If the corrupt U.S. Government keeps on fraudulently printing an infinite amount of counterfeit money, we are going to need an infinite number of cargo ships and an infinite number of shipping containers!


https://www.statista.com/statistics/198227/forecast-for-global-number-of-containerships-from-2011/

Global number of container ships 2011-2020


http://integratedequipmentsales.com/dont-let-millions-shipping-containers-go-unused/



Of those 17 million containers, however, only six million are actually being used for transport or any other practical usage. That means approximately 11 million shipping containers are unused and are just sitting stagnant all over the place.


I contend that the reason we have 11 million shipping containers that are unused and just sitting stagnant is because of the trade imbalance! America is buying more stuff than it is selling because the corrupt U.S. Government is fraudulently borrowing an infinite amount of counterfeit money from the future Americans so the current Americans can buy an infinite amount of stuff! When empty containers do not have a reciprocal shipment need at the arriving port, they tend to get set aside rather than being deadheaded to a port that could use that container!


If my contention is true, this U.S. Government accounting fraud that I call USAPonzi, is going to fill up Planet Earth with empty shipping containers


The corrupt U.S. Government is in the process of fraudulently borrowing an infinite amount of money, I call it imaginary-counterfeit money, from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class so the entire planet can buy an infinite number of Care Bears and charge them to the future Americans!


The corrupt U.S. Government is causing delays and congestion in the global supply-chains by printing imaginary-counterfeit money faster than we can unload the cargo ships!


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 not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting)! The corrupt U.S. Government is being run by common criminals that have committed a $157.8 Trillion crime by fraudulently borrowing $157.8 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and giving it to the U.S. upper class!


In this commentary, I will explain how this corrupt U.S. Government fiscal and accounting fraud is causing us to not get our Care Bears shipped promptly!


The corrupt U.S. Government is promising ridiculous, unaffordable, and unpayable future U.S. Government benefits to the U.S. general public but is not taxing the U.S. upper class enough to pay for these future U.S. Government benefits! The U.S. upper class is getting richer and richer every day because they are being undertaxed! As of today, the corrupt U.S. Government has fraudulently given the U.S. upper class $157.8 Trillion of imaginary-counterfeit money by undertaxing them (US Unfunded Liabilities (GAAP))!


The corrupt U.S. Government is committing a fiscal and accounting fraud by operating its fiscal policy with Cash Accounting rather than proper and Generally Accepted Accounting Principles (GAAP Accounting) which has produced a classic $157.8 Trillion Ponzi scheme fiscal policy, I call it USAPonzi, that is not accruing for future U.S. Government benefit promises to the U.S. general public!


When the corrupt U.S. Government does not accrue for future benefit promises, this has the effect of fraudulently borrowing money from the future Americans, I call it imaginary-counterfeit money since the future Americans can never pay this fraudulently borrowed money, and giving it to the U.S. upper class by undertaxing them!


As of today, the corrupt U.S. Government has fraudulently borrowed $157.8 Trillion of imaginary-counterfeit money from the future Americans, money the future Americans do not have, and given it to the U.S. upper class and is fraudulently borrowing more imaginary-counterfeit money every day and giving it to the U.S. upper class with ongoing GAAP basis deficit spending!


The corrupt U.S. Government is in the process of fraudulently printing an infinite supply of imaginary-counterfeit money, by borrowing it from the future Americans, that the entire planet is using to fill up Planet Earth with an infinite number of environment-polluting physical objects which is causing Global Warming that is Destroying Planet Earth! But it is also causing an overload of the global supply chains because $157.8 Trillion of imaginary-counterfeit money can buy a whole lot of stuff!


By not using proper GAAP Accounting, the corrupt U.S. Government is not properly accruing for future U.S. Government benefit promises creating US Unfunded Future Liabilities of $128.9T and total public liabilities (US Unfunded Liabilities (GAAP)) of $157.8T, the sum of our US National Debt ($28.9T) and our US Unfunded Future Liabilities ($128.9T)!


This is why we have Global Warming and a Supply-Chain Disaster, the corrupt U.S. Government is in the process of digitally and fraudulently printing an infinite amount of imaginary-counterfeit money, by pretending to borrow it from the future Americans and giving it to the U.S. upper class, so the entire planet can build and buy an infinite number of environment-polluting physical objects and an infinite number of Care Bears!


This fraud was started in 1969 when a scoundrelLyndon 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 $157.8 Trillion 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 and build a whole-hell-of-a-lot of Care Bears, T-shirts, tennis shoes, smartphones, computers, cars, trucks, boats, airplanes, houses, condos, apartment buildings, airports, cities etc. etc. with a Quadrillion dollars of imaginary-counterfeit money!





My 15th whistleblower letter to my congressman Van Taylor 210921 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 and the fools on Planet Earth have been fooled by the criminals in Washington! In the defense of Wall Street and the rest of Planet Earth, 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  $3.00 Trillion 
GAAP Deficit in FY2021  $18.04 Trillion 
US Unfunded Future Liabilities  $128.9 Trillion 
US Unfunded Liabilities (GAAP)  $157.8 Trillion 
Imaginary-Counterfeit Money  $157.8 Trillion 
US Total National Assets  $199.4 Trillion 

Source: www.usdebtclock.org October 12, 2021


My commentary Fed-Asleep At The Switch 210901 gives a summary of the issues that this Ponzi scheme/accounting fraud is causing!


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