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

Criminal Acts of the U.S. Government
February 3, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, and Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 2/3/18


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 and quantifies the Criminal Acts of the U.S. Government that are caused by the U.S. Government operating a classic Ponzi scheme that I have named USAPonzi!


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!


Criminal Acts of the U.S. Government
Because Oswald shot JFK
February 3, 2018


The corrupt and criminal U.S. Government is fraudulently borrowing imaginary-counterfeit money from the future Americans and giving it to the U.S. upper class to “Make America appear to be Great”!


This fraudulent borrowing was made possible because Oswald shot JFK. The assassination of JFK made LBJ President and LBJ was fraudulently able to convince Congress to enact the Unified Budget which produced a classic Ponzi scheme that I have named USAPonzi.


This is a very simple fraud, the U.S. Government is borrowing an infinite stream of imaginary-counterfeit money from the future Americans and giving it to the upper-class Americans with GAAP basis deficit spending.


Because of this fraud the U.S. upper class gets richer and richer and the stock market goes up and up! This is not surprising when the corrupt and criminal U.S. Government is printing an infinite stream of imaginary-counterfeit money and giving it to the U.S. upper class! The United States of America appears to be the richest and most prosperous country on the planet simply because the U.S. Government has fraudulently borrowed $111.9 Trillion of imaginary-counterfeit money from the future Americans and given it to the U.S. upper class!


Amazon can sell an infinite stream of stuff when the U.S. upper class has an infinite stream of imaginary-counterfeit money coming in from the corrupt and criminal U.S. Government! Amazon is a counterfeit company created by the imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans!


As my websites (usaponzi.net and usaponzi.com) and my books (“USAPonzi”, “USAPonzi2”, and “USAPonzi3”) explain, the U.S. Government is operating a classic Ponzi scheme, I call it USAPonzi, by committing fiscal and accounting fraud! The U.S. Government is not using the proper accounting system and because of that the U.S. Government is operating with a dramatically unbalanced budget! The U.S. Government is not operating with proper and Generally Accepted Accounting Principles (GAAP Accounting)!


Because of the current fiscal policy, the U.S. Government is overspending on a cash basis and is not properly accruing for the future benefit promises that it has made to the U.S. general public. This accounting fraud is borrowing money from the future Americans, money that the future Americans do not have, and giving it to the current Americans! As of today, February 3, 2018, the corrupt and criminal U.S. Government has borrowed $111.9 Trillion from the future Americans and given it to the current Americans. The corrupt and criminal U.S. Government is borrowing $16.4 Billion more money from the future Americans every day with ongoing GAAP basis deficit spending (GAAP Deficit in FY2018 of $5.98T/365 = $16.4B)!


This is fraud because the U.S. Government is borrowing money from the future Americans that the future Americans can never pay back. That is why I say that the U.S. Government is borrowing imaginary-counterfeit money from the future Americans and giving it to the current Americans! This borrowed money does not exist, it is imaginary, and it has no value, it is counterfeit, and therefore I call this fraudulently borrowed money imaginary-counterfeit money!


The U.S. Government creates this imaginary-counterfeit money by undertaxing the current Americans and deferring the resulting public liabilities to the future Americans. Since the U.S. upper class tends to pay almost all of our taxes, the U.S. upper class gets almost all of the financial benefit of this massive undertaxing. This is why we have a wealth and income gap, the corrupt and criminal U.S. Government is in the process of giving the U.S. upper class an infinite amount of imaginary-counterfeit money! So far, the corrupt and criminal U.S. Government has given the U.S. upper class $111.9 Trillion of imaginary-counterfeit money!


GAAP basis deficit spending digitally prints imaginary-counterfeit money!


The corrupt and criminal U.S. Government treats the future Americans as a massive piggy bank for the U.S. upper class and the U.S. ruling class! The U.S. Government withdraws $16.4 Billion from this piggy bank every day and gives it to the U.S. upper class! The U.S. Government then borrows money from the now fraudulently enriched upper class so that it can overpay the U.S. ruling class!


The corrupt and criminal U.S. Government has fraudulently and colossally enriched the U.S. upper class by $111.9 Trillion (US Unfunded Liabilities (GAAP))!


The corrupt and criminal U.S. Government has enriched the U.S. ruling class and the related U.S. Government businesses by $20.6 Trillion (National Debt)!


The corrupt and criminal U.S. Government has cheated the U.S. Common Man by $91.3 Trillion (US Unfunded Future Liabilities) because it has underfunded the benefit promises that it has made to the U.S. general public!


The corrupt and criminal U.S. Government has collected money from the U.S. Common Man so that it can pay these future benefit promises but it has borrowed and spent this paid-in money for future Social Security, healthcare, pensions, and veterans benefits so that it can overpay the U.S. ruling class! This is a classic “bait and switch” technique, the U.S. Government collects money from the U.S. general public to pay future benefits to the U.S. general public and then borrows and spends this money so that it can overpay the U.S. ruling class and the U.S. Government related businesses!


This is the fundamental reason that LBJ wanted to get the Unified Budget approved by Congress. LBJ wanted to be able to spend the money from the trust funds intended for future benefits to pay current period expenses. By co-mingling the funds for future benefits and for general operating expenses, the future benefit recipients have gotten royally screwed!


The corrupt and criminal U.S. Government has borrowed $111.9 Trillion of imaginary-counterfeit money from the future Americans so that the current Americans can buy things from each other and from the rest of the planet with this imaginary-counterfeit money. Almost everything Americans are now buying is being purchased with imaginary-counterfeit money that the corrupt and criminal U.S. Government has borrowed from the future Americans. Americans are cheating the rest of the planet by buying stuff from them with imaginary-counterfeit money that the corrupt and criminal U.S. Government has fraudulently borrowed from the future Americans.


The corrupt and criminal U.S. Government is also spending this imaginary-counterfeit money to buy military equipment. The United States of America now has the most powerful military force ever assembled because we are paying for this military force with imaginary-counterfeit money that the corrupt and criminal U.S. Government has fraudulently borrowed from the future Americans.


The corrupt and criminal U.S. Government now has $111.9 Trillion on its credit card and must pay real and virtual interest on this credit card balance. The interest on this credit card balance at 3.5% would consume all the tax revenue ($3.39 Trillion) that the U.S. Government will collect in FY2018.


Further, the GAAP deficit in FY2018 is estimated to be $5.98 Trillion so we will be putting another $5.98 Trillion on the U.S. credit card this fiscal year!


The corrupt and criminal U.S. Government is not telling the truth when it reports our financial status on a Cash Accounting basis! The U.S. Government must start using proper GAAP Accounting!


The U.S. Government is bankrupt but yet we pretend to be the richest and most prosperous country on the planet. We appear to be rich and prosperous but we are really just fraudulently borrowing imaginary-counterfeit money from the future Americans and giving it to the U.S. upper class to make us look rich and prosperous!


The corrupt and criminal U.S. Government is committing fiscal and accounting fraud!



National Debt  $20.6 Trillion 
Cash Deficit in FY2018  $0.65 Trillion 
GAAP Deficit in FY2018  $5.98 Trillion 
 US Tax Revenue in FY2018  $3.39 Trillion 
US Unfunded Future Liabilities  $91.3 Trillion 
US Unfunded Liabilities (GAAP)  $111.9 Trillion 
Imaginary-Counterfeit Money  $111.9 Trillion 
Total National Assets  $135.0 Trillion 

Source: www.usdebtclock.org Feb 3, 2018


To eliminate this fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.


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. The www.usaponzi.net website is an introduction to my more detailed website www.usaponzi.com and my books “USAPonzi” (Nov 22, 2015), “USAPonzi2” (May 1, 2017), and  “USAPonzi3” (Feb 1, 2018) which are available on Amazon to better explain this fraud/Ponzi scheme.


This is the biggest ($111.9 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