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

Common Man is upset with Washington 180715
July 15, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 7/15/18


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 U.S. “Common Man is upset with Washington! The U.S. Government has fraudulently borrowed $114.0 Trillion from the future Americans and given it to the U.S. upper class! Why wouldn't the U.S. Common Man be upset with the U.S. Government!


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!


Common Man is upset with Washington 180715

July 15, 2018


The U.S. Common Man is upset with Washington!


The U.S. Common Man should be irate with Washington!


The U.S. Common Man should be ENRAGED at Washington!


The U.S. Common Man should be irate with and ENRAGED at the U.S. Government because the U.S. Government is enriching the U.S. upper class and cheating the U.S. general public by committing fiscal and accounting fraud!


The U.S. Government is not operating its fiscal policy with proper GAAP Accounting!


The U.S. Government is not operating its fiscal policy with
accrual accounting and as a result is not properly accruing the money to pay future benefit promises to the U.S. general public! By not adhering to the principles of accrual accounting, the U.S. Government has deferred $114.0 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans and undertaxed the U.S. upper class by $114.0 Trillion giving the U.S. upper class $114.0 Trillion of imaginary-counterfeit money!


I call this fraudulently gained money imaginary-counterfeit money since the U.S. Government is imagining that the future Americans will be able to pay it someday but it is counterfeit because the future Americans can never pay it! The U.S. Government has created $114.0 Trillion of imaginary-counterfeit wealth for the U.S. upper class simply by borrowing money from the future Americans that the future Americans do not have and giving it to the U.S. upper class by undertaxing them!


The U.S. Government is creating imaginary-counterfeit money out of “thin air” by deferring unpayable public liabilities to the future Americans!


The U.S. Government has fraudulently borrowed $114.0 Trillion of imaginary-counterfeit money from the future Americans and given it to the U.S. upper class by undertaxing them! Why wouldn't the U.S. Common Man be irate with Washington!


The U.S. Government has promised the U.S. general public future benefits that have been underfunded by $92.8 Trillion! Why wouldn't the U.S. Common Man be irate with Washington!


The U.S. Common man should be ENRAGED at the U.S. Government for giving the U.S. upper class $114.0 Trillion and not keeping its promises to pay them $92.8 Trillion worth of future benefits!


The U.S. Government is filled with criminals, scoundrels, liars, and cheaters that are committing fiscal and accounting fraud to fraudulently enrich the U.S. upper class and the U.S. ruling class while cheating the U.S. general public! This accounting fraud is also cheating the rest of the planet because the current Americans are now buying stuff with $114.0 Trillion of imaginary-counterfeit money that has been fraudulently borrowed from the future Americans!


The U.S. Common Man and the rest of the planet have $114.0 Trillion worth of reasons to be ENRAGED at the U.S. Government!


The U.S. Government is in the process of giving the U.S. upper class an infinite amount of imaginary-counterfeit money by using fraudulent accounting! The U.S. Common Man should be
ENRAGED at the U.S. Government!


It would not be at all surprising to see rioting in the streets when the U.S. general public is properly informed of this $114.0 Trillion accounting fraud that has colossally enriched the U.S. upper class and colossally cheated the U.S. general public!


Where did the U.S. Government get this $114.0 Trillion to give to the U.S. upper class? The U.S. Government fraudulently borrowed this money from the future Americans! The only problem is that the future Americans do not have $114.0 Trillion! This is a $114.0 Trillion fraud! This is a $114.0 Trillion criminal act by the U.S. Government that has produced a $114.0 Trillion Ponzi scheme that I call USAPonzi!


No wonder the U.S. upper class has big houses, private planes, private yachts, nice cars, country club lifestyles, extravagant entertainment, and extravagant vacations! The U.S. upper class is living “The life of Riley” because the U.S. Government has fraudulently borrowed $114.0 Trillion of imaginary-counterfeit money from the future Americans and given it to the U.S. upper class!


Americans are buying stuff with now $114.0 Trillion of monopoly money that has been fraudulently borrowed from the future Americans! Americans are buying everything under the sun with $114.0 Trillion of monopoly money! Americans are pretending that they will pay for this stuff someday when the future Americans can come up with $114.0 Trillion! This is what makes a Ponzi scheme a Ponzi scheme!


And the U.S. Government fraudulently borrows another $16.5 Billion from the future Americans every day and gives it to the U.S. upper class to keep this Ponzi scheme alive!


You can buy a lot of extravagance with the $114.0 Trillion of monopoly money that the U.S. Government has fraudulently stuffed into the pockets of the U.S. upper class! The U.S. upper class is getting richer and richer because the U.S. Government is borrowing more and more imaginary-counterfeit money every day from the future Americans and giving it to the U.S. upper class!


The U.S. upper class is doing nothing to earn this money because this money does not exist! The U.S. Government is borrowing an unending and ever-increasing amount of money from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class by undertaxing them! The U.S. Government is committing fiscal and accounting fraud to enrich themselves and their upper-class friends!


This accounting fraud is the reason that we have such a dramatic wealth and income gap between the U.S. upper class and the U.S. Common Man! $114.0 Trillion of imaginary-counterfeit money is a lot of money and more money is going into the pockets of the U.S. upper class every day because the future Americans have an unlimited supply of imaginary-counterfeit money! After all it is imaginary!


GAAP basis deficit spending prints imaginary-counterfeit money and gives it to the U.S. upper class by undertaxing them! As the table below shows, the U.S. Government has US Unfunded Liabilities (GAAP) of $114.0 Trillion which has produced $114.0 Trillion of imaginary-counterfeit money!


When the U.S. Government assumes public liabilities, the private sector appears to gain an equivalent amount of private net worth. However, when the future Americans cannot pay these public liabilities, this is a phantom gain which I have named imaginary-counterfeit money. Americans are buying stuff without having to pay for it by using this now $114.0 Trillion of imaginary-counterfeit money!


No wonder the U.S. Common Man has become irate enough to elect an outsider, Donald Trump, to “Drain the Swamp”! But Donald Trump does not want to fix this problem either because he enjoys his fraudulently attained elite status too much to voluntarily expose this massive U.S. Government accounting fraud (also see Trump Folly: The Economy is ROARING)! This accounting fraud is what has made Donald Trump rich!


Why wouldn't the U.S. Common Man be irate with the U.S. Government when the U.S. Government is using fraudulent accounting to fraudulently enrich the U.S. upper class by $114.0 Trillion and cheat the U.S. general public out of $92.8 Trillion!


The U.S. Government is “Cooking the Books” by committing an accounting fraud that has fraudulently borrowed $114.0 Trillion from the future Americans and given it to the U.S. upper class!


Is it any wonder that the U.S. general public is irate with the corrupt and criminal U.S. Government?


I predict that both the U.S. general public and the rest of the planet are going to be ENRAGED when they find out about this U.S. Government fiscal and accounting fraud that I call USAPonzi!


The U.S. Government is corrupt!


The senior officials of the U.S. Government are common criminals that have committed a $114.0 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 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!


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   $6.03 Trillion  
US Unfunded Future Liabilities   $92.8 Trillion  
US Unfunded Liabilities (GAAP)   $114.0 Trillion  
Imaginary-Counterfeit Money   $114.0 Trillion  
Total National Assets   $137.5 Trillion  

Source: www.usdebtclock.org Jul 15, 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 ($114.0 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