Enriching the U.S. Ruling Class-current
September 1, 2020
I am a whistleblower! The U.S. Government is corrupt!
The corrupt U.S. Government is not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting)! The corrupt U.S. Government is being run by common criminals that have committed a $154.2 Trillion crime by borrowing $154.2 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and giving it to the U.S. upper class!
The corrupt U.S. Government is committing a fiscal and accounting fraud by not using proper and Generally Accepted Accounting Principles (GAAP Accounting) also called accrual accounting! The corrupt U.S. Government has undertaxed the U.S. upper class by $154.2 Trillion by not accruing the money to pay the future benefit promises to the U.S. general public!
The corrupt U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that has, in effect, borrowed $154.2 Trillion (US Unfunded Liabilities (GAAP)) of imaginary-counterfeit money from the future Americans, money the future Americans do not have, and given it to the U.S. upper class!
The corrupt U.S. Government is enriching the U.S. ruling class by overpaying them! The U.S. ruling class has been overpaid by the U.S. Government borrowing $26.7 Trillion (US National Debt)!
The corrupt U.S. Government has fraudulently borrowed $154.2 Trillion from the future Americans to enrich the U.S. upper class and has borrowed $26.7 Trillion from the fraudulently enriched global upper class to overpay the U.S. ruling class!
The corrupt U.S. Government has twice fraudulently borrowed trillions of dollars (first from the future Americans and second from the fraudulently enriched global upper class) in order to enrich the U.S. ruling class!
See Whistleblower Letter #1 to Planet Earth for more details on this accounting fraud/Ponzi scheme!
|US National Debt
|Cash Deficit in FY2020
|*GAAP Deficit in FY2020
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|US Total National Assets
Source: www.usdebtclock.org September 1, 2020
*usdebtclock.org has stopped explicitly reporting the GAAP Deficit. The GAAP Deficit is implicitly reported as the change in US Unfunded Liabilities (GAAP). US Unfunded Liabilities (GAAP) were $126.1 Trillion on October 1, 2019 the start date for FY2020, therefore the GAAP Deficit in FY2020 will be >$28.1 Trillion (>$154.2T-$126.1T = >$28.1T).
I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain this fraud and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can be downloaded from my www.usaponzi.net website.
John W White