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

Conspiracy Tip for Bob Woodward! 180911
September 11, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 9/11/18


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 Bob Woodward, one of the finest investigative reporters of all time, should pursue my tip that the U.S. Government is conspiring with the elite in America to enhance the economic, financial, political, and military dominance of the United States of America and to enrich the U.S. ruling class and colossally enrich the U.S. upper class!


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 “dramatically feather the nests of their upper-class friends”.


The “news media” is aiding and abetting the corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud!


Conspiracy Tip for Bob Woodward! 180911

September 11, 2018


The current apparent strength of the U.S. and global economy has been produced by U.S. Government fiscal and accounting fraud! I contend that Bob Woodward of the Washington Post, or some of his contemporaries, should be reporting on and exposing this U.S. Government fiscal and accounting fraud!


The corrupt and criminal U.S. Government has printed $114.7 Trillion of counterfeit money and given it to the U.S. upper class! The senior members of the U.S. Government and the elite in America are conspiring to enrich themselves by allowing the U.S. Government to use fraudulent accounting!


I contend that this U.S. Government fiscal and accounting fraud is a much, much more critical issue than the Watergate Scandal, the Iran Contra Affair, the Russian Voting Meddling, the Clinton Affair, or the current chaos in the Trump White House!


This fiscal and accounting fraud is of a similar magnitude in the financial and economic realm to that of a World War! This is a $114.7 Trillion financial fraud! Americans are buying stuff with $114.7 Trillion of counterfeit money that the corrupt and criminal U.S. Government has fraudulently borrowed from the future Americans and given to the current Americans, primarily to the U.S. upper class, by undertaxing them!


In 2004, Bob Schieffer of CBS News said, “Woodward has established himself as the best reporter of our time. He may be the best reporter of all time.”.


While Bob Woodward has gained this reputation for his total body of work, he is probably best known for his reporting on the Watergate Scandal in partnership with Carl Bernstein!


Bob Woodward has just today published his latest book “FEAR” that chronicles the current chaos in the Trump White House!


However, I contend that Bob Woodward should be pursuing, with his excellent investigative reporting, what has to be the biggest financial fraud ($114.7 Trillion) that has ever been perpetrated; the U.S. Government fiscal and accounting fraud that I have named USAPonzi!


This U.S. Government fiscal and accounting fraud has dramatically and fraudulently elevated the economic, financial, political, and military position of the United States of America relative to the rest of Planet Earth! This fraud has allowed America to appear to be the wealthiest and most prosperous country on the planet and to create the most impressive military capability ever assembled by fraudulently creating $114.7 Trillion of imaginary-counterfeit money out of “thin air” so that America has plenty of counterfeit money to buy guns and bombs!


This fraud is dramatically enriching the U.S. ruling class and colossally enriching the U.S. upper class while colossally cheating the U.S. general public and colossally cheating the rest of the planet! This fraud is printing counterfeit money and giving it to the U.S. upper class!


It is my contention, that this is a conspiracy between the U.S. Government and the elite in America! In my view, this has to be a conspiracy since this is an obvious accounting fraud that is promising and paying benefits to the U.S. general public but is not accruing the funds to sustain this fiscal policy! The corrupt and criminal U.S. Government is not operating its fiscal policy with proper accrual accounting!


The U.S. Government is just hoping that the U.S. general public will not notice that the U.S. Government is promising them future benefits that it has no intention or capability to pay so that it can enrich itself and its upper class friends!


This accounting fraud has given $114.7 Trillion to the U.S. upper class so the conspirators both inside and outside the U.S. Government refuse to acknowledge this fraud and the resulting Ponzi scheme that is borrowing imaginary-counterfeit money from the future Americans and giving it to the U.S. upper class at the current rate of $16.5 Billion a day!


GAAP basis deficit spending
digitally prints imaginary-counterfeit money and gives it to the U.S. upper class by undertaxing them! When the U.S. Government assumes public liabilities this creates private assets for the taxpayers that were undertaxed! When these public liabilities can never be paid by the future Americans, these private assets become imaginary-counterfeit money!


Bob Woodward needs to step up and expose this conspiracy between the U.S. Government and the elite in America!


The corrupt and criminal U.S. Government is not using proper and Generally Accepted Accounting Principles (GAAP Accounting) and, as a result, is running a classic $114.7 Trillion Ponzi scheme that I have named USAPonzi!


This is a very simple fraud! Print $16.5 Billion of imaginary-counterfeit money every day, with GAAP basis deficit spending, and give it to the rich!


This fraud is cheating Planet Earth and the United States of America has become the most dominant nation on Planet Earth economically, financially, politically, and militarily simply because the U.S. Government has fraudulently printed $114.7 Trillion of imaginary-counterfeit money and given it to the U.S. upper class!


This fraud is cheating Planet Earth because Americans are buying stuff from the rest of the planet with $114.7 Trillion of imaginary-counterfeit money that the corrupt and criminal U.S. Government has fraudulently borrowed from the future Americans and given to the current Americans, primarily to the U.S. upper class!


This fraud is cheating Planet Earth because the U.S. Government has purchased the most powerful military force ever assembled with imaginary-counterfeit money that has been fraudulently borrowed from the future Americans! $114.7 Trillion of imaginary-counterfeit money can buy a lot of guns and bombs! America has been able to establish military dominance over Planet Earth by funding its defense spending with counterfeit money that has been fraudulently borrowed from the future Americans!


The corrupt and criminal U.S. Government is fraudulently borrowing 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!


This fraud is enriching the U.S. upper class by $114.7 Trillion by undertaxing them!


This fraud is cheating the U.S. general public by $93.2 Trillion because the U.S. Government is not funding the future benefit promises to the U.S. general public!


The fraud is overpaying the U.S. ruling class by $21.5 Trillion because the U.S. Government has fraudulently borrowed $21.5 Trillion from the fraudulently enriched upper class so that they can overpay themselves!


America is cheating Planet Earth by committing fiscal and accounting fraud!


The U.S. Government is corrupt!


The senior officials of the U.S. Government are common criminals that have committed a $114.7 Trillion criminal act by not operating its 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 “mainstream 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 US Government, 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 Fraud Charges against U.S. Government commentary!


To eliminate this massive ($114.7 Trillion) fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.

 

National Debt  $21.5 Trillion  
Cash Deficit in FY2018  $0.86 Trillion 
GAAP Deficit in FY2018 
$6.04 Trillion 
US Unfunded Future Liabilities  $93.2 Trillion 
US Unfunded Liabilities (GAAP)  $114.7 Trillion 
Imaginary-Counterfeit Money 
$114.7 Trillion 
Total National Assets 

$138.1 Trillion 

Source: www.usdebtclock.org Sep 11, 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, “USAPonzi3” 2/1/18, and “USAPonziA” 9/1/18! Each of these books have updates that I made every few days until the next book was published. I have published 650 commentaries since March 29, 2013 in an attempt to explain and expose this U.S. Government fraud!


This is the biggest ($114.7 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