Cooking the Books!
March 21, 2017 Emailed to WSJ/NYT/DMN on 3/21/17
The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains how the U.S. Government is using a fraudulent fiscal policy and accounting system to dramatically enhance the lifestyle of Americans, to dramatically enrich the U.S. ruling class, to colossally enrich the U.S. upper class, to colossally cheat the Common Man, and to colossally cheat the rest of the planet. This Op-Ed explains how the U.S. Government is "Cooking the Books!" to fraudulently enrich the U.S. ruling class and to fraudulently 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 so they can "feather their own nests" and "dramatically feather the nests of their upper-class friends".
Cooking the Books!
March 21, 2017
The U.S. Government has borrowed $105.5 Trillion from the future Americans, money the future Americans do not have, and has given it to the U.S. upper class! The U.S. Government is "Cooking the Books"!
The senior officials in the U.S. Government are criminals for digitally printing $105.5 Trillion of imaginary-counterfeit money so that they can overpay themselves and massively enrich their upper-class friends. And by doing this they are oppressing the U.S. Common Man and cheating the rest of the planet.
If you think I am repeating myself, get used to it because I will continue to call these scoundrels the criminals that they are until they admit to and eliminate this fraud and corruption. As with any Ponzi scheme, the operators can only continue to dig a deeper hole until the Ponzi scheme implodes. The U.S. Government is borrowing another $15.4 Billion every day to keep this fraud alive.
The U.S. Government is using one of the oldest and simplest forms of accounting fraud, using Cash Accounting rather than the proper GAAP Accounting (Generally Accepted Accounting Principles), to produce a Ponzi scheme that I call USAPonzi. The U.S. Government is simply pretending to borrow money from the future Americans and giving it to the current Americans. As of March 21, 2017, the U.S. Government has borrowed $105.5 Trillion from the future Americans and has given the money to the current Americans.
The U.S. Government has been "Cooking the Books" since Fiscal Year 1969 by operating with Cash Accounting rather than the proper GAAP Accounting. This fiscal and accounting fraud has allowed the U.S. Government to dramatically overpay the U.S. ruling class creating what is now $19.9 Trillion of National Debt. This fiscal and accounting fraud has caused the U.S. Government to not properly fund the U.S. Government benefit promises that the U.S. Government has made to the U.S. citizenry creating what is now $85.6 Trillion of US Unfunded Future Liabilities. This fiscal and accounting fraud has allowed the U.S. Government to undertax the current Americans by $105.5 Trillion (US Unfunded Liabilities (GAAP)) which has produced massive but imaginary-counterfeit purchasing power for the current Americans and massive imaginary-counterfeit wealth for the U.S. upper class.
The U.S. Government is purposely and criminally "Cooking the Books" to enrich the U.S. ruling class, to colossally enrich the U.S. upper class, to colossally oppress the U.S. Common Man, and to colossally cheat the rest of the planet.
By not funding these future promises and not taxing the U.S. upper class to fund these promises, we have arrived at the following financial situation as of March 21, 2017 and as reported by www.usdebtclock.org:
The U.S. upper class has gained imaginary-counterfeit wealth of $105.5 Trillion.
The U.S. Government has overpaid itself by $19.9 Trillion.
And the U.S. Common Man has been left "holding the bag" thinking they are going to be paid U.S. Government benefits that are underfunded by $85.6 Trillion.
|Cash Deficit in FY2017
|GAAP Deficit in FY2017
|US Unfunded Future Liabilities
|| $85.6 Trillion
|US Unfunded Liabilities (GAAP)
| Total National Assets
Source: www.usdebtclock.org March 21, 2017
This U.S. Government fiscal and accounting fraud can only be equitably eliminated by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government.
I have published a website www.usaponzi.net that explains how this fraud works to create a massive global wealth and income gap between the haves and the have-nots and to create false wealth and prosperity for the current Americans.
This fraud is also explained in much more detail on my website www.usaponzi.com and in my book “USAPonzi” which is available on Amazon in Kindle and Paperback formats and on my www.usaponzi.net in Kindle and PDF formats.
This is the biggest ($105.5 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and it is "The Biggest Ponzi Scheme on the Planet"!
John W. White