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

Cooking the Books-Civil War II?-WW III? 190923
September 23, 2019
Emailed to Fed Chair Jay Powell, Minneapolis Fed President Neel Kashkari, Dallas Fed President Robert Kaplan, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, The U.S. SEC, NYT/WSJ/WP/DMN, and Dallas Mayor Eric Johnson on 9/23/19
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The U.S. Government is “cooking the books”, by not using proper GAAP Accounting, in a way that could lead to Civil War II and/or WWW III!


The U.S. Government is running a $125.9 Trillion Ponzi scheme that I call USAPonzi!


The U.S. general public is going to be “Mad as Hell” when they find out that the U.S. Government has been cheating them for the last 50 years!


Could it be a Civil War II level of MAD?


Because the U.S. Government is “cooking the books”; the elite have gotten rich ($125.9T) with counterfeit money, the promised future benefits ($103.3T) to the U.S. general public cannot be paid, and many people in America have enough counterfeit money ($125.9T) so that they can afford their own personal arsenals! Could this be a recipe for Civil War II?


If the U.S. Government was using honest accounting, we would not have nearly as many guns and bullets as we have today! $125.9 Trillion of counterfeit money can buy a lot of guns and bullets! We currently have an estimated 393 million civilian guns in America and almost all of the expensive and powerful guns have been purchased with the counterfeit money ($125.9 Trillion) that the U.S. Government has fraudulently borrowed from the future Americans!
(See https://en.wikipedia.org/wiki/Gun_ownership)


The U.S. Government is promoting gun violence by printing an infinite amount of counterfeit money so we can buy an infinite number of guns and bullets!


America owns 46 per cent of the civilian guns on Planet Earth simply because the U.S. Government is in the process of borrowing an infinite amount of counterfeit money from the future Americans so we can eventually buy an infinite number of guns and bullets!


When this “cooking of the books” by the U.S. Government is exposed, the have-nots are not going to be happy with the haves!


Cooking the books to fraudulently transfer infinite counterfeit wealth to the 1% at the expense of the 99% is sure to create conflict that could quickly turn to armed conflict when it becomes evident that the U.S. Government does not have any money to pay U.S. Government benefit promises to the have-nots and that the haves have gotten extremely rich with counterfeit money that has been fraudulently borrowed from the future Americans!


When the U.S. Government is committing a criminal act that has misappropriated $125.9 Trillion and that threatens the survivability of Planet Earth, the have-nots in America may be prepared to take radical action to express their displeasure!


Will the exposure of this fiscal and accounting fraud, that I call USAPonzi, lead to Civil War II?


Gun violence
in America could be an early warning sign of things to come because of this economic inequality that is sponsored by the U.S. Government!


The rest of the planet is going to be “Mad as Hell” when they find out that the U.S. Government has been cheating them for the last 50 years!


Could it be a World War III level of MAD?


Because the U.S. Government is “cooking the books”Americans can buy stuff without paying for it by using counterfeit money ($125.9T), America has built the most powerful war machine ever assembled with counterfeit money ($125.9T) to become the planet bully, America is Destroying Planet Earth with Global Warming, and has printed enough counterfeit money ($125.9T) so that many countries can build their own powerful war machines! Could this be a recipe for World War III?


If the U.S. Government was using honest accounting, we would not have nearly as many guns and bombs as we have today! $125.9 Trillion of counterfeit money can buy a lot of guns and bombs! This $125.9 Trillion of counterfeit money is providing the funds to arm America, our friends, and our foes!


When this “cooking of the books” by the U.S. Government is exposed, the have-nots throughout the rest of the planet are not going to be happy with America!


Cooking the books
to fraudulently transfer infinite counterfeit wealth to America at the expense of the rest of the planet is sure to create conflict that could quickly turn to armed conflict when it becomes evident that Americans are buying stuff without paying for it and that America is Destroying Planet Earth with Global Warming!


When the U.S. Government is committing a criminal act that has misappropriated $125.9 Trillion and that threatens the survivability of Planet Earth, some of the oppressed countries may be prepared to take radical action to express their displeasure!


Will the exposure of this fiscal and accounting fraud, that I call USAPonzi, lead to WW III?


Terrorist activity against America could be an early warning sign of things to come because of this economic inequality that is sponsored by the U.S. Government


Cheating the U.S. General Public!


The U.S. Government is cheating the U.S. general public by promising them future benefits but not taxing the U.S. upper class to pay for these benefits!


The U.S. upper class is getting rich because they do not have to pay for these future benefits.


The U.S. general public is getting cheated because they are counting on future benefits that can never be paid!


The U.S. Government is cheating the U.S. general public by collecting money from them to help pay for these future benefits, but the U.S. Government is spending this money so that it can overpay the U.S. ruling class!


Because the U.S. Government is corrupt


The U.S. upper class is getting extremely rich by $125.9T (US Unfunded Liabilities (GAAP))!
The U.S. ruling class is getting overpaid by $22.6T (National Debt)!
The U.S. general public is getting cheated by $103.3T (US Unfunded Future Liabilities)!


The U.S. general public will be “Mad as Hell” when they find out that the U.S. Government has been cheating them for the last 50 years by promising them future benefits but is not accruing the money to pay for these benefits!


Cheating the rest of the planet!


The rest of the planet is being cheated because the U.S. Government is printing counterfeit money by borrowing money from the future Americans, money that the future Americans do not have, so the current Americans can buy stuff without paying for it by using this counterfeit money!


The U.S. Government prints this counterfeit money by deferring public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans, that the future Americans can never pay, and undertaxing the current Americans, primarily the U.S. upper class!


The U.S. Government is cheating the rest of the planet by allowing the current Americans to buy stuff from them without paying for any of it by using the counterfeit money ($125.9 Trillion) that the U.S. Government is fraudulently borrowing from the future Americans! The U.S. Government is pretending like the future Americans will eventually pay for this stuff!


The U.S. Government is cheating the rest of the planet by Destroying Planet Earth with Global Warming by fraudulently borrowing an infinite amount of counterfeit money from the future Americans so the entire planet can build and buy an infinite number of environment-polluting physical objects!


The rest of the planet will be “Mad as Hell” when they find out that the U.S. Government has been cheating them for the last 50 years by allowing the current Americans to buy stuff from them with money that has been fraudulently borrowed from the future Americans and Destroying Planet Earth with Global Warming by using this fraudulently borrowed money to fill up Planet Earth with environment-polluting physical objects!


USAPonzi: A $125.9 Trillion fiscal and accounting fraud!


The U.S. Government is corrupt!


The U.S. Government is committing a fiscal and accounting fraud
 because the U.S. Government is not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting).


The 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, money the future Americans do not have, and giving it to the U.S. upper class! This Ponzi scheme is in the process of borrowing an infinite amount of imaginary-counterfeit money from the future Americans so the current Americans can buy an infinite amount of stuff without paying for any of it!


This fiscal and accounting fraud is


Enriching the U.S. upper class!
Enriching the U.S. ruling class!

Cheating the U.S. general public!
Cheating the rest of the planet!
Causing the U.S. economy to appear to be the strongest ever!
Causing Global Warming!
Destroying Planet Earth!


Rather than repeating the details of how this fraud works, I would refer you to my Open Letter to Van Taylor TX 3rd district house member that explains in more detail how this fraud/Ponzi scheme is causing Global Warming that is Destroying Planet Earth!


I have written two websites (usaponzi.net and usaponzi.com) and five books (the latest is USAPonziB), which are available on Amazon, that explain how this U.S. Government fiscal and accounting fraud got started, the problems it is causing, how it is cheating the U.S. general public, cheating the rest of the planet, and causing Global Warming that is Destroying Planet Earth!


To eliminate this fraud, the U.S. Government must switch to GAAP Accounting and commit to a balanced GAAP basis budget. The U.S. Government is currently operating its fiscal policy with Cash Accounting which is the cause of this fraud! GAAP Accounting, properly applied, would not allow the corrupt and criminal U.S. Government to borrow an infinite amount of imaginary-counterfeit money from the future Americans and give it to the U.S. upper class!


But for the last 50 years, the U.S. Government has been deceiving most of the people on Plant Earth by “cooking of the books” to enrich the elite in America relative to the rest of the Americans and to enrich Americans relative to the rest of the planet!


Will this deceit rise to the level of armed conflict when it is exposed? I, of course, do not know!


I do know that a lot of people are going to be “Mad as Hell” when this fraud and its impact on Planet Earth is exposed!


The data used in this commentary were sourced from www.usdebtclock.org and is summarized in the following table!

 

National Debt  $22.6 Trillion 
Cash Deficit in FY2019  $1.02 Trillion 
GAAP Deficit in FY2019  $6.13 Trillion 
US Unfunded Future Liabilities  $103.3 Trillion 
US Unfunded Liabilities (GAAP)  $125.9 Trillion 
Imaginary-Counterfeit Money  $125.9 Trillion 
Total National Assets  $146.2 Trillion 

Source: www.usdebtclock.org September 23, 2019


John W White
Plano, TX