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

Death of Planet Earth!
August 19, 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 8/21/19
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The U.S. Government is committing a fiscal and accounting fraud that will lead to The Death of America and The Death of Planet Earth as we currently know them!


The U.S. Government is not using proper GAAP Accounting (Generally Accepted Accounting Principles) and as a result is in the process of printing an infinite amount of imaginary-counterfeit money and giving it to the U.S. upper class so all Americans, and people all over Planet Earth, can buy and build things without having to earn the money to pay for them!


The U.S. Government is in the process of fraudulently borrowing an infinite amount of imaginary-counterfeit money from the future Americans so that it can fraudulently enrich the U.S. upper class!


The U.S. Government is in the process of fraudulently borrowing an infinite amount of imaginary-counterfeit money from the future Americans so Planet Earth can buy and build an infinite amount of everything!


We are filling up Planet Earth with junk that is being bought and built with $125.4 Trillion (US Unfunded Liabilities (GAAP)) of imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans!


Imaginary-counterfeit money is the money that the U.S. Government has fraudulently borrowed from the future Americans and given to the U.S. upper class and is reported on www.usdebtclock.org as US Unfunded Liabilities (GAAP)!


The U.S. Government is borrowing money from the future Americans that the future Americans do not have which produces imaginary-counterfeit money!


We are buying smartphones with imaginary-counterfeit money!


We are buying cars with imaginary-counterfeit money!


We are buying airplanes with imaginary-counterfeit money!


We are building and buying houses with imaginary-counterfeit money!


We are building and buying high-rise condos with imaginary-counterfeit money!


We are buying food with imaginary-counterfeit money!


We are building restaurants with imaginary-counterfeit money!


We are building banks with imaginary-counterfeit money!


We are buying stuff from Amazon with imaginary-counterfeit money!


We are buying an unending and ever-increasing stream of stuff from Amazon with an unending and ever-increasing stream of imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans!


We are buying an unending and ever-increasing amount of stuff from Amazon without paying for any of it! 


We are buying ads on Google and Facebook with imaginary-counterfeit money!


We are buying Netflix subscriptions with imaginary-counterfeit money!


We are paying pro athletes and entertainers with imaginary-counterfeit money!


We are buying gold, oil, and gas with imaginary-counterfeit money!


We are buying guns, bullets, and bombs with imaginary-counterfeit money!


We are buying drugs and healthcare services with imaginary-counterfeit money


This imaginary-counterfeit money will evaporate when USAPonzi implodes!


GAAP basis deficit spending
by the U.S. Government prints imaginary-counterfeit money and gives it to the U.S. upper class! So far, the U.S. Government has given the U.S. upper class $125.4 Trillion of imaginary-counterfeit money and is giving them $16.8 Billion more imaginary-counterfeit money  every day!


Free money, in great excess, is causing The Death of America and The Death of Planet Earth!


A traditional list of immediate “basic needs” of humans is food (including water), shelter, and clothing. When humans discovered certain fossil fuels, the production of food, shelter, and clothing was automated to the point that these “basic needs” require fewer and fewer people to meet these “basic needs”!


As an example, in 1930 it is estimated that 21% of the U.S. population was involved in farming. Today, it is estimated that only 2% of the U.S. population is involved in farming!


While Planet Earth provides huge quantities of natural resources to produce both food and fuel, these resources are finite while the population of Planet Earth continues to increase (current estimate is 7.5 billion) which means that there will come a time when both food and fuel will be constrained.


We are seeing some this constraint even now as people from poorer countries are seeking to immigrate, sometimes under desperate conditions, to the apparently more prosperous countries! Illegal immigration has become a serious problem as more and more people are wanting to escape from poor living conditions to move to where living conditions appear to be much better!


America appears to be much more prosperous than it really is because the U.S. Government is committing a $125.4 Trillion crime! Americans, self-righteously, are willing to welcome unlimited numbers of immigrants to move into the fraudulent prosperity that we like to call “The American Dream”! The U.S. Government is in the process of printing an infinite amount of imaginary-counterfeit money by borrowing it from the future Americans to produce “The American Dream”!


The U.S. Government is running “The Biggest Ponzi Scheme on the Planet” to fraudulently produce “The American Dream”!


The production of food in America is done by 2% of the U.S. population and 98% of the U.S. population is depending on having the money to buy food whenever and wherever they want it! The U.S. Government is printing an infinite supply of imaginary-counterfeit money so that all Americans have the money to buy their food! America and Planet Earth will soon reach a crisis point when it becomes evident that the U.S. Government cannot continue to print an infinite supply of imaginary-counterfeit money!


What happens when the U.S. Government stops printing imaginary-counterfeit money! People with no imaginary-counterfeit money will need to earn real money to buy their food or produce their own food! Because more and more people are living in densely populated areas, there is no option to assume a food producing job, when they run out of imaginary-counterfeit money! I predict that the global depression that will occur when USAPonzi implodes will be 4 times more serious than the "Great Depression" (See U.S. Financial Leverage 4.3X 1929)!  


Since 1969, the U.S. Government has been promising and paying benefits to the U.S. general public but has not been accruing the money to pay for these future promises. The U.S. Government has not been operating its fiscal policy with proper GAAP accounting (Generally Accepted Accounting Principles)!


This fiscal and accounting fraud has deferred $125.4 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans and given it the current Americans but primarily to the U.S. upper class. Today, most Americans are living on imaginary-counterfeit money that has been fraudulently borrowed from the future Americans. The U.S. upper class is getting filthy rich with this imaginary-counterfeit money and the U.S. Government benefit recipients are living on imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans!


This fiscal and accounting fraud is a classic Ponzi scheme, I call it USAPonzi, that is borrowing, what I call imaginary-counterfeit money, from the future Americans and giving it to the current Americans, primarily the U.S. upper class, by undertaxing them! 


This fiscal and accounting fraud has appeared to create massive wealth for the current Americans, currently $125.4 Trillion, and is printing another $16.8 Billion of imaginary-counterfeit money every day to create unending and ever-increasing (infinite) wealth for the U.S. upper class?


As the wealth of Americans appears to continue to increase, Americans are buying and building an unending and ever-increasing (infinite) number of smartphones, cars, trucks, boats, airplanes, houses, apartments, condos, restaurants, banks, skyscrapers, guns and bombs!


This fiscal and accounting fraud is allowing people to buy things they have not earned and to live in increasingly dense populated areas. Often the living accommodations in these densely populated areas are unaffordable for the unrich! The rich appear to be able to afford living in these densely populated areas because the U.S. Government is printing imaginary-counterfeit money and giving it to the U.S. upper class


This fiscal and accounting fraud has destroyed the fabric of America by fraudulently and massively enriching the U.S. upper class and it has produced many useless objects that we cannot afford! As stated above, food is the primary need of the global population and most people on Planet Earth are buying their food with imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans!


This fraud has caused Americans to live in ever denser cities with taller and taller buildings, has caused many people to tear down big houses so they can build bigger and finer houses, and has caused the ultra-wealthy to become so rich they can buy and build 
multiple lavish houses, fancy cars, and private airplanes.


This fraud has printed $125.4 Trillion of imaginary-counterfeit money!


The primary need of the people on Planet Earth is food and this accounting fraud has allowed people even in densely populated areas to buy their food with an unending and ever-increasing (infinite) supply of imaginary-counterfeit money and has allowed farmers to operate ever-larger farms with ever-larger pieces of equipment that are being purchased with imaginary-counterfeit money!


By making the U.S. upper class wealthy and paying unaffordable benefits to more and more people, the U.S. Government has created a global population that has become increasingly dependent on this fraud for their livelihood. In the case of the benefit recipients, the benefits being paid to many of them exceed what they could earn with the available jobs!


This accounting fraud is printing enough imaginary-counterfeit money (so far $125.4 Trillion) to create millions of imaginary-counterfeit millionaires and hundreds of imaginary-counterfeit billionaires while most of the other 7.5 billion people on Planet Earth have to earn what is often a meager living by the sweat of their brows!


Meanwhile, the ultra-rich are getting ultra-richer-and-richer with the imaginary-counterfeit money that the corrupt and criminal U.S. Government is fraudulently and continuously borrowing from the future Americans with GAAP basis deficit spending!


The corrupt and criminal U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is printing counterfeit money, I call it imaginary-counterfeit money, and giving it to the U.S. upper class by undertaxing them! So far, this accounting fraud has digitally printed $125.4 Trillion of imaginary-counterfeit money and given it to the U.S. upper class which is causing Global Warming that is Destroying Planet Earth (See Global Warming Apocalypse)!


This U.S. Government fiscal and accounting fraud is in the process of printing an infinite supply of imaginary-counterfeit money so the entire planet can buy and build an infinite number of environment-polluting physical objects which is causing Global Warming that is Destroying Planet Earth!


This U.S. Government fiscal and accounting fraud is causing the wealth and income gap and is in the process of causing The Death of America and The Death of Planet Earth by filling up Planet Earth with an infinite number of environment-polluting physical objects that are being purchased with an infinite amount of imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans!



National Debt  $22.5 Trillion 
Cash Deficit in FY2019  $1.00 Trillion 
GAAP Deficit in FY2019  $6.13 Trillion 
US Unfunded Future Liabilities  $102.9 Trillion 
US Unfunded Liabilities (GAAP)  $125.4 Trillion 
Imaginary-Counterfeit Money  $125.4 Trillion 
Total National Assets  $156.2 Trillion 

Source: www.usdebtclock.org August 19, 2019


The corrupt and criminal U.S. Government is committing a
fiscal and accounting fraud to create infinite imaginary-counterfeit wealth for the ultra-rich!


When this fraud/Ponzi scheme implodes, that will be The Death of America and The Death of Planet Earth as we currently know them!


This fraud/Ponzi scheme is explained in more detail on my websites www.usaponzi.net and www.usaponzi.com and in my fifth book on this Ponzi scheme, “USAPonziB!


John W White

Plano, TX