USAPonzi-The Biggest Ponzi Scheme on the Planet-The U.S. Government

                    Copyright Declaration                                                                                                                                       John W. White    March 29, 2013

Covid-19: No Normal Other Side 201203
December 3, 2020
Emailed to United Nations, 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/CNBC/DMN on 12/3/20


New York Times
Opinion
Stop Expecting Life to Go Back to Normal Next Year
Americans will need to take pandemic precautions well into 2021 — yes, even after a vaccine arrives.
By Aaron E. Carroll
Contributing Opinion Writer
Sept. 15, 2020


Dr. Anthony Fauci warned us last week that Covid-19 is likely to be hanging over our lives well into 2021. He’s right, of course. We need to accept this reality and take steps to meet it rather than deny his message.


Many Americans are resistant to this possibility. They’re hoping to restart postponed sports seasons, attend schools more easily, enjoy rescheduled vacations and participate in delayed parties and gatherings.


Covid-19: There is no normal other side!


There is no other side of Covid-19 that looks like the past!


We cannot return to the “normal past” when the past was not normal!


The Covid-19 Pandemic has been caused by corruption within the U.S. Government! The corrupt U.S. Government has created a fantasy world by printing counterfeit money that has produced an unnatural and unsustainable economic environment for Planet Earth and especially for America!


The economic condition that we often refer to as “The American Dream” has been produced by the corrupt U.S. Government committing fiscal and accounting fraud! The corrupt U.S. Government is not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting)! For the last 52 years, the corrupt U.S. Government has been fraudulently borrowing money, so far $155.9 Trillion, from the future Americans and giving it to the U.S. upper class


This fraudulently borrowed money has allowed many, maybe even most, Americans to live “the life of Riley” without having to work and therefore can live wherever they want to! This has created ever-more densely populated cities where people are living closer and closer together that create petri dishes of humanity that can breed and spread germs locally!


This fraudulently borrowed money has allowed people to travel wherever and whenever they want to, without paying for it with earned income, which globally spreads any germs that are produced locally all over the the planet almost immediately by people that are traveling on fraudulently borrowed money!


This accounting fraud has allowed us to live closer and closer together and to have the mobility to travel without having to pay for it! The corrupt U.S. Government has so far borrowed $155.9 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class!


The economic environment that has been fraudulently created by the corrupt U.S. Government is not sustainable because some one will one day discover that Americans are buying things (T-shirts, tennis shoes, smartphones, TVs, computers, Netflix subscriptions, Zoom calls, Google ads, Facebook ads, oil, gold, bitcoins, stocks, bonds, food, restaurants, banks, cars, trucks, airplanes, houses, apartments, condos, hotels, resorts, entertainment, sports arenas, airports, cities, etc., etc. etc.) with counterfeit money, currently $155.9 Trillion, that has been fraudulently borrowed from the future Americans!


The corrupt 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 by undertaxing them!


This accounting fraud has caused Planet Earth to have a radically enhanced consumption rate, that is increasing exponentially, which is causing both Global Warming and the Covid-19 Pandemic! Planet Earth is in the process of building and buying an infinite stream of environment-polluting physical objects that are being built and purchased with an infinite stream of imaginary-counterfeit money that the corrupt U.S. Government is fraudulently borrowing from the future Americans!


The only way to get to a sustainable and equitable normal is for the corrupt U.S. Government to start telling the financial truth by using GAAP Accounting!


This new normal will not look anything like the fantasy world for the upper class and the struggle world for the common man that has been fraudulently produced by the corrupt U.S. Government!


Everybody, that is able, will have to start doing real work to create an equitable and sustainable normal planet!


We will not be able to live so closely together. We will not be able to travel very much! We will only be able to buy stuff we can reasonably pay for! The standard of living for the entire planet will be dramatically reduced and normalized! The fraudulent opulence of the global upper class will largely disappear!


When this accounting fraud is properly exposed, this imaginary-counterfeit money, currently $155.9 Trillion, will evaporate into the thin air” from whence it came! At that point in time, the planet will come to know that the corrupt U.S. Government has been using “smoke and mirrors” to create massive imaginary-counterfeit wealth for the U.S. upper class!


We will have to re-configure the living and working conditions for the entire planet to give people an opportunity to do real and productive work! We will have to un-urbanize and re-ruralize the planet! I fear that Planet Earth will suffer significant trauma and conflict before that can successfully happen!


The fanasty world that we call “The American Dream” will come to an abrupt end when USAPonzi implodes!


This accounting fraud, that I call USAPonzi, is explained in more detail in these commentaries!


USAPonzi-The Great American Fraud
Whistleblower Letter #3 to U.S. general public
Whistleblower Letter #6 to Congress


The devastating  impact of this fiscal and accounting fraud, that I call USAPonzi, is summarized in my October 1, 2020 commentary!


Quintet of Global Crises (Economy, Climate, Health, Hunger, Depression)


This 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!



National Debt  $27.3 Trillion 
Cash Deficit in FY2021  $3.21 Trillion 
*GAAP Deficit in FY2021  $6.57 Trillion 
US Unfunded Future Liabilities  $128.6 Trillion 
US Unfunded Liabilities (GAAP)  $155.9 Trillion 
Imaginary-Counterfeit Money  $155.9 Trillion 
Total National Assets  $157.7 Trillion 

Source: www.usdebtclock.org December 3, 2020
*GAAP Deficit-current


You can learn more about the
fraud
/Ponzi scheme by reading my websites (www.usaponzi.net and www.usaponzi.com) or my eighth book on USAPonzi “USAPonziE which is available on Amazon and can also be downloaded from my www.usaponzi.net website.


John W. White
Plano, TX