Embarrassment of America 180528
May 28, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 5/28/18
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 why America is going to suffer global embarrassment and shame when it finally admits to the fact that it has been using fiscal and accounting fraud to give the appearance that America is the wealthiest and most powerful country on the planet!
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 “colossally feather the nests of their upper-class friends”! The U.S. Government is not using accrual accounting!
The “news media” is aiding and abetting the corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud!
Embarrassment of America 180528
May 28, 2018
America appears to be the richest and most powerful country on Planet Earth simply because the U.S. Government is committing fiscal and accounting fraud!
It is embarrassing and shameful when you have to resort to cheating to make yourself look great!
The United States of America is going to have to admit to Planet Earth that it has been using a fraudulent accounting system to “Make America Great”! The United States of America has been running a Ponzi scheme (USAPonzi) for nearly 49 years to give the appearance that America is the richest and most powerful country in the history of the planet!
The “Embarrassment of America” will occur when USAPonzi Implodes!
No person, company, or country has ever had to suffer the embarrassment and shame of admitting to a $113.4 Trillion criminal act!
The United States of America has been committing fiscal and accounting fraud since FY1969 by not operating its fiscal policy with accrual accounting! This fiscal and accounting fraud has created $113.4 Trillion of imaginary-counterfeit money out of “thin air” by fraudulently borrowing it from the future Americans and giving it to the U.S. upper class!
The U.S. Government has been cheating the rest of the planet for 49 years by digitally printing counterfeit money to “Make America Great”!
This fraud is enriching the U.S. upper class by $113.4 Trillion (US Unfunded Liabilities (GAAP))!
This fraud is cheating the U.S. general public by $92.2 Trillion (US Unfunded Future Liabilities)!
This fraud is enriching the U.S. ruling class by $21.2 Trillion (National Debt)!
This fraud is cheating the rest of the planet by allowing Americans to buy stuff from the rest of the planet without having to pay for it by using $113.4 Trillion of imaginary-counterfeit money that has been fraudulently borrowed from the future Americans!
This fiscal and accounting fraud is explained in more detail in my “Open Letter to Planet Earth 180525”!
Madoff, Enron, and Worldcom got away with this kind of accounting fraud for years, even decades, and now the corrupt and criminal U.S. Government has been committing fiscal and accounting fraud for nearly a half century!
The USAPonzi fraud is 2,000 times larger than the Madoff, Enron, and Worldcom frauds!
The U.S. Government is filled with scoundrels, liars, cheaters, and criminals that are running a massive Ponzi scheme because they are not operating the U.S. Government fiscal policy with proper accrual accounting!
We now have 535 criminals in the U.S. Congress and an untold number of criminals in the White House!
Those of us that would like to think we are “Proud to be an American” will soon be “Embarrassed to be an American” when this fiscal and accounting fraud is exposed!
To eliminate this massive fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget. GAAP Accounting (Generally Accepted Accounting Principles) is the commonly used name in America for the accounting guidelines for accrual accounting.
|Cash Deficit in FY2018
|GAAP Deficit in FY2018
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org May 28, 2018
This fraud/Ponzi scheme (USAPonzi) is explained in much more detail on my websites www.usaponzi.net and www.usaponzi.com and in my books “USAPonzi”, “USAPonzi2”, and “USAPonzi3”!
This is the biggest ($113.4 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.
John W. White