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

                    Copyright Declaration                                                                                                                                       John W. White    March 29, 2013

Criminals-Scoundrels-Liars-Cheaters-Idiots 211022
October 22, 2021
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 10/22/21



I am a whistleblower! The U.S. Government is corrupt! The corrupt U.S. Government is cooking the books” to pull off the biggest crime ever committed!


The corrupt U.S. Government has stolen $158.0 Trillion of counterfeit money from future Americans and given it to the U.S. upper class by undertaxing them!


The corrupt U.S. Government is filled with criminals, scoundrels, liars, cheaters, and idiots!


The corrupt U.S. Government is stupidly “cooking the books” to enrich the U.S. upper class, cheat the U.S. general public, and burn up Planet Earth!


Stupid

having or showing a great lack of intelligence or common sense.


Stupid is a harsh and critical word but the corrupt U.S. Government is stupidly causing Planet Earth to do and experience some really stupid even disastrous things! As an example, it is stupid and criminal for the corrupt U.S. Government to promise future benefits to the U.S. general public and not accrue the money to pay for these future benefits! As another example, it is stupid and criminal for the corrupt U.S. Government to burn up Planet Earth!


The senior officials of the U.S. Government are common criminals because they have fraudulently borrowed $158.0 Trillion of counterfeit money from the future Americans and given it to the U.S. upper class by undertaxing them!


The senior officials of the U.S. Government are scoundrels because they are committing this $158.0 Trillion criminal act to fraudulently enrich the U.S. upper class even though it is causing Global Warming that is burning up Planet Earth!


The senior officials of the U.S. Government are liars and cheaters because they have lied to and cheated the U.S. general public by promising the U.S. general public $129.1 Trillion worth of future benefits that they have not accrued for!


The senior officials of the U.S. Government are idiots for thinking they can fraudulently enrich the U.S. upper class by $158.0 Trillion and cheat the U.S. general public out of $129.1 Trillion of promised future benefits and not have a violent civil uprising by the U.S. general public when they find out that the corrupt U.S. Government is being run by criminals, scoundrels, liars, and cheaters!


The corrupt U.S. Government is committing a fiscal and accounting fraud, I call it USAPonzi, by not operating its fiscal policy with proper accrual accounting! The corrupt U.S. Government has fraudulently borrowed $158.0 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class by undertaxing them so the current Americans can buy a whole-hell-of-a-lot of stuff with monopoly money!


The corrupt U.S. Government is not operating its fiscal policy with proper accrual accounting (GAAP Accounting) and as a result is running a classic Ponzi scheme, I call it USAPonzi, that is in the process of printing an infinite amount of counterfeit money, I call it imaginary-counterfeit money, by fraudulently borrowing it from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!


This fraud was started in 1969 when a scoundrel, Lyndon Baines Johnson, proposed and the corrupt U.S. Congress approved the Unified Budget but did not switch from Cash Accounting to GAAP Accounting that would properly accrue the money to pay future U.S. Government benefits to the U.S. general public!


The following chart shows how the corrupt U.S. Government started fraudulently borrowing imaginary-counterfeit money from the future Americans in 1969 and, so far, has fraudulently borrowed $158.0 Trillion and given it to the U.S. upper class!


This chart also gives a graphical projection of how the corrupt U.S. Government, with the current Ponzi scheme fiscal policy, could fraudulently borrow over a Quadrillion dollars (a thousand Trillion dollars) of imaginary-counterfeit money from the future Americans by 2041 and give it to the U.S. upper class so the entire planet can buy a whole-hell-of-a-lot more stuff with a Quadrillion dollars of imaginary-counterfeit money!






My 16th whistleblower letter to my congressman Van Taylor 211012 explains the epic financial, economic, physical, and humanitarian disaster that is just ahead for Planet Earth because of the corruption within the U.S. Government!


The fools on Wall Street  have been fooled by the criminals in Washington! In the defense of Wall Street, the corrupt U.S. Government may have fooled itself! We do not yet know if the people in the U.S. Government are accidental fools or intentional criminals! I suggest that we have some of each but they are all criminals, scoundrels, liars, cheaters, and idiots whether they know it or not!

 

US National Debt  $28.9 Trillion 
Cash Deficit in FY2022  $3.00 Trillion 
GAAP Deficit in FY2022 
$7.30 Trillion 
US Unfunded Future Liabilities  $129.1 Trillion 
US Unfunded Liabilities (GAAP)  $158.0 Trillion 
Imaginary-Counterfeit Money 
$158.0 Trillion 
US Total National Assets 

$200.2 Trillion 

Source: www.usdebtclock.org October 22, 2021


I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain USAPonzi and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can be downloaded from my websites in pdf format.


My commentary Fed-Asleep At The Switch 210901 gives a summary of the issues that this Ponzi scheme/accounting fraud is causing!


John W. White

Plano, TX