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

Drugs, The Wall, and U.S. Government Fraud!
September 1, 2017    Emailed to WSJ/NYT/DMN 8/30/17


The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains why drug trafficking, one reason that President Trump gives for needing a border wall, has been caused by U.S. Government fiscal and accounting fraud. I contend that we will not need a border wall when the U.S. Government starts using honest accounting.


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".


Drugs, The Wall, and U.S. Government Fraud!
September 1, 2017


The U.S. Government has fraudulently borrowed $107.3 Trillion from the future Americans and given it to the U.S. upper class. The U.S. Government is giving the U.S. upper class another $15.12 Billion every day with ongoing GAAP basis deficit spending of $5.52 Trillion in FY2017!


The U.S. Government apparently likes the U.S. upper class a lot more than it likes the Common Man! This fraud has created the wealth and income gap in the United States of America! A gift of $107.3 Trillion has dramatically but fraudulently enriched the U.S. upper class!


President Trump continues to make a case for a "border wall" between Mexico and the United States. It is my contention that the reason we appear to need a physical border wall between the United States and Mexico is because of U.S. Government fiscal and accounting fraud. There are two primary things that traverse this border illegally, and I contend that both of them cross the border illegally because the U.S Government has created massive counterfeit wealth and prosperity in the United States by using fraudulent accounting. People and drugs both cross the border illegally to gain access to the fake money that this fraud has produced.


The U.S. Government is pumping fake money into the U.S. economy every day ($15.12 Billion a day) by pretending to borrow it from the future Americans at the rate of U.S. Government GAAP basis deficit spending!


The U.S. Government is using Cash Accounting rather than the proper GAAP Accounting to fraudulently and stealthily borrow $107.3 Trillion of imaginary-counterfeit money from the future Americans and give it to the current Americans. This has produced a Ponzi scheme, that I call USAPonzi, which has falsely and fraudulently enriched the upper-class Americans and created a massively stimulated U.S. economy. The U.S. Government has been "Cooking the Books" for 48 years (See USAPonzi CliffsNotes 9/1/17)!


People illegally cross the border to get better paying jobs because of this $107.3 Trillion of imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans!


Drugs illegally cross the border because the "rich Americans" have $107.3 Trillion of imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans that the current Americans can use to buy these expensive drugs! U.S. Government fiscal and accounting fraud (USAPonzi) has produced $107.3 Trillion of imaginary-counterfeit money out of "thin air" to make drug trafficking a very lucrative business!


The U.S. Government has fraudulently borrowed $107.3 Trillion from the future Americans, that the future Americans do not have, and has given it to the U.S. upper class! This is fraud! This is corruption! The senior officials of the U.S. Government are common criminals because they are direct financial beneficiaries of this U.S. Government fiscal and accounting fraud that they are perpetrating!


As soon as the U.S. Government starts telling the "financial truth", we will not need the "border wall"! Almost immediately after the U.S. Government starts telling the "financial truth", the economies on both sides of the border will be essentially the same and Americans will not have the imaginary-counterfeit money to pay exorbitant prices for drugs (See The Implosion of USAPonzi). Neither people nor drugs will have a compelling reason to illegally cross the border since this $107.3 Trillion of imaginary-counterfeit money will evaporate when USAPonzi implodes!


The U.S. Government has got to start telling the financial truth!


The "News Media" has got to start reporting the financial truth!

 

National Debt  $20.0 Trillion 
Cash Deficit in FY2017  $0.68 Trillion 
GAAP Deficit in FY2017 
$5.52 Trillion 
US Unfunded Future Liabilities  $87.3 Trillion 
US Unfunded Liabilities (GAAP)  $107.3 Trillion 
Imaginary-Counterfeit Money 
$107.3 Trillion 
Total National Assets 

$133.5 Trillion 

Source: www.usdebtclock.org Sep 1, 2017


This U.S. Government 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.


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) and "USAPonzi2" (May 1, 2017) which are available on Amazon to better explain this fraud/Ponzi scheme.


This is the biggest ($107.3 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and it is "The Biggest Ponzi Scheme on the Planet"!


John W. White

Plano, TX