Causing Social Injustice-current by $296.5 Trillion
April 1, 2021
I am a whistleblower! The U.S. Government is corrupt!
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 $162.3 Trillion crime by borrowing $162.3 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 the U.S. Government is committing a fiscal and accounting fraud that is causing social injustice!
injustice in terms of the distribution of wealth, opportunities, and privileges within a society.
The corrupt U.S. Government is committing a fiscal and accounting fraud by not using proper and Generally Accepted Accounting Principles (GAAP Accounting) also called accrual accounting! The corrupt U.S. Government has undertaxed the U.S. upper class by $162.3 Trillion by not accruing the money to pay the future benefit promises to the U.S. general public!
The corrupt U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is fraudulently borrowing money, I call it imaginary-counterfeit money, from the future Americans and giving it to the U.S. upper class!
By not using proper accrual accounting, the U.S. upper class has been undertaxed by $162.3 Trillion and the promised benefits to the U.S. general public have been underfunded by $134.2 Trillion!
The corrupt U.S. Government has created a social injustice gap of $296.5 Trillion by cheating the U.S. general public by $134.2 Trillion and enriching the U.S. upper class by $162.3 Trillion ($162.3T + 134.2T = $296.5T)!
Because the U.S. Government is corrupt, the U.S. upper class is getting rich and the U.S. general public is getting cheated!
See Whistleblower Letter #1 to Planet Earth for more details on this accounting fraud/Ponzi scheme!
I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain this fraud and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can be downloaded from my www.usaponzi.net website.
Financial data sourced from www.usdebtclock.org as of April 1, 2021.
John W White