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

Chaotic Fall of the Evil Empire of America 180723
July 23, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 7/23/18


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 Fall of the Evil Empire of America will be chaotic”.


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!


Chaotic Fall of the Evil Empire of America 180723

July 23, 2018


The United States of America has been able to establish itself as the dominant force on Planet Earth politically, militarily, economically, and financially by committing fiscal and accounting fraud! The U.S. Government is operating its fiscal policy with Cash Accounting rather than the proper GAAP Accounting which is printing imaginary-counterfeit money, $114.1 Trillion as of July 23, 2018, and giving it to the U.S. upper class!


Because the U.S. Government is not operating its fiscal policy with
GAAP Accounting, it is not properly accruing the money to pay for future benefits to the U.S. general public! This enriches the U.S. upper class by $114.1 Trillion because the U.S. upper class does not have to pay the taxes to fund these future benefit promises! This cheats the U.S. general public by $92.9 Trillion because the U.S. Government is promising these future U.S. Government benefits but is not properly funding them!


By not using GAAP Accounting, the U.S. upper class gains $114.1 Trillion (US Unfunded Liabilities (GAAP)), the U.S. general public loses $92.9 Trillion (US Unfunded Future Liabilities), and the U.S. ruling class gets overpaid $21.2 Trillion (National Debt)!


The U.S. Government is using fraudulent accounting to enrich the U.S. upper class by $114.1 Trillion, enrich the U.S. ruling class by $21.2 Trillion, and screw the U.S. general public out of $92.8 Trillion!


Does that seem fair?


The Evil Empire of America is running a classic Ponzi scheme, I call it USAPonzi, to fraudulently establish America as the dominant force on the planet! The U.S. Government is fraudulently borrowing money from the future Americans, money that the future Americans do not have, and giving it to the current Americans, primarily the U.S. upper class, by undertaxing them!


The corrupt and criminal U.S. Government is printing an imaginary-counterfeit dollar for every dollar of GAAP basis deficit spending that it defers to the future Americans (US Unfunded Liabilities (GAAP))! This imaginary-counterfeit dollar gets stuffed into the pocket of the current American that did not pay that deferred tax dollar!


Printing $114.1 Trillion of imaginary-counterfeit money fraudulently creates massive counterfeit wealth in America and throughout the planet!


Printing $114.1 Trillion of imaginary-counterfeit money fraudulently creates massive economic activity in America and throughout the planet! U.S. GDP is grossly overstated because of this accounting fraud! We are buying and selling stuff with monopoly money and the U.S. Government is printing more and more monopoly money every day so we can buy and sell even more and more stuff. U.S. GDP could be overstated by 5X-10X or even more because of this accounting fraud!


This is the nature of Ponzi schemes, they tend to grow exponentially until they implode!


Printing $114.1 Trillion of imaginary-counterfeit money has allowed the U.S. Government to assemble the biggest military arsenal ever deployed. We like to think of ourselves as the planet policeman but because of this accounting fraud we are really just the planet bully! We are buying guns and bombs with $114.1 Trillion of monopoly money that has been fraudulently borrowed from the future Americans so that we can militarily intimidate the rest of the planet!


And now Donald Trump wants to put on a military parade to show off this imaginary-counterfeit military arsenal that this accounting fraud has produced!


Financial, economic, and military dominance tends to create political dominance, “he who has the gold makes the rules”! The United States of America has attempted to take over the world somewhat passively by committing fiscal and accounting fraud much like other empires have attempted to take over the world with aggressive military action.


The Fall of the Evil Empire of America will be chaotic when this fiscal and accounting fraud is properly exposed and USAPonzi implodes!


This is what I predict will happen when USAPonzi implodes:


This imaginary-counterfeit money, currently $114.1 Trillion, will evaporate!


The U.S. and global economies will collapse!


The standard of living in America will fall precipitously!


Banks and businesses will fail all over the planet!


We will have “assets” (cities, airports, cars, planes, ships, houses, skyscrapers, corporate headquarters, warehouses, data centers, banks, restaurants, computers, TVs, smartphones,  etc, etc) all over the planet that will fall into under-use or disuse when USAPonzi implodes! We have, for the last 49 years, been building and buying stuff all over the planet with $114.1 Trillion of imaginary-counterfeit money!


USAPonzi has scarred the face of Planet Earth with physical objects that will serve no useful purpose when this fiscal and accounting fraud is properly exposed!


And this all happened because Lee Harvey Oswald shot JFK (See The Oswald Financial Bubble)!


Could this have been an example of Russian meddling in the U.S. democratic process?


The Fall of the Evil Empire of America will cause major civil unrest all over the planet:


The U.S. general public will be “mad as hell” with the U.S. Government for cheating them by not properly funding the future U.S. Government benefit promises!


The rest of the planet will be “mad as hell” with the U.S. Government for cheating them by printing imaginary-counterfeit money so that Americans can buy stuff from them without paying for it!


The United States of America will no longer hold the dominant position over the rest of the planet when this accounting fraud is properly exposed!


Where will they hold “The Nuremburg Trials” for the senior officials of the U.S. Government that have been perpetrating this accounting fraud for the last 49 years and who will preside over these trials! Hopefully the United Nations will hold together, restore social justice, and preserve the opportunity for economic equality in America as the U.S. Constitution declares!


I am concerned that the exposure of this accounting fraud could be the catalyst for colossal chaos and civil unrest in the United States and colossal chaos and civil unrest throughout the planet! Could this be the match that ignites World War III?


From an economic and financial standpoint, who will own what, when this accounting fraud is unraveled and the bankruptcy of the United States of America is settled?


The U.S. Government is corrupt!


The senior officials of the U.S. Government are common criminals that have committed a $114.1 Trillion criminal act by not operating the U.S. Government fiscal policy with proper accrual accounting! The senior officials of the U.S. Government are common criminals because they are direct financial beneficiaries of this massive fraud! The corrupt and criminal U.S. Government is overpaying itself with imaginary-counterfeit money!


We have 535 criminals in the U.S. Congress and an untold number of criminals in the White House!


I have sent 14 whistleblower letters to the U.S. Securities and Exchange Commission, a whistleblower letter to every member of the U.S. Congress, and 9 whistleblower letters to each member of the U.S. Supreme Court so that all three branches of the U.S. Government would be informed of this massive fraud!


I have also sent over 200 Op-Eds to the “main-stream-media” in an attempt to expose this massive fraud to the citizens of Planet Earth! None of these Op-Ed candidates have been published!


This massive fraud is explained in more detail in my Open Letter to Planet Earth and my Open Letter to US General Public!


I have presented specific fraud charges against the U.S. Government in my Op-Ed Fraud Charges against U.S. Government commentary!


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   $0.79 Trillion  
GAAP Deficit in FY2018   $6.03 Trillion  
US Unfunded Future Liabilities   $92.9 Trillion  
US Unfunded Liabilities (GAAP)   $114.1 Trillion  
Imaginary-Counterfeit Money   $114.1 Trillion  
Total National Assets   $137.6 Trillion  

Source: www.usdebtclock.org Jul 23, 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” 11/22/15, “USAPonzi2” 5/1/17, and “USAPonzi3” 2/1/18! Each of these books have updates that I made every few days until the next book was published. I have published over 625 commentaries since March 29, 2013 in an attempt to expose this U.S. Government fraud!


This is the biggest ($114.1 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