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

FAKE NEWS: The U.S. Economy is getting stronger!
July 3, 2017    Emailed to WSJ/NYT/DMN on 7/2/17


The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains how the U.S. Government, the Federal Reserve Bank, Wall Street, business executives, financial advisors, the mainstream media, and CNBC are all spreading FAKE NEWS that the U.S. economy is getting stronger. The U.S. economy appears to be getting stronger only because the U.S. Government is running a massive Ponzi scheme.


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".


FAKE NEWS: The U.S. Economy is getting stronger!

July 3, 2017


The U.S. Government, the Federal Reserve Bank, Wall Street, business executives, financial advisors, the mainstream media, and CNBC are all spreading the FAKE NEWS that the U.S. economy is getting stronger. The U.S. economy only appears to be getting stronger because the U.S. Government is running a massive $106.7 Trillion Ponzi scheme.


The U.S. Government is using the simple Ponzi scheme technique of borrowing money from the future Americans and giving it to the current Americans to stimulate the economy. This $106.7 Trillion is providing massive stimulus to the both the U.S. economy and the global economy!


The U.S. Government came up with this technique, the Unified Budget, in January of 1968 that would dramatically accelerate the consumption rate in the U.S. and in fact throughout the planet by using fraudulent accounting. So far the U.S. Government has borrowed $106.7 Trillion from the future Americans and given it to the current Americans in an attempt to improve the U.S. economy. It has worked quite well in that regard but it has created tremendous inequity both within the United States and between the United States and the rest of the planet.


The U.S. Government is operating with Cash Accounting rather than the proper GAAP Accounting and as a result is dramatically undertaxing the U.S. upper class to make them very rich! The U.S. Government has deferred $106.7 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans so that the U.S. upper class can appear to be $106.7 Trillion richer. This fiscal and accounting fraud has produced a classic Ponzi scheme that I call USAPonzi.


USAPonzi
is fraudulently enhancing the lifestyle of Americans, especially the U.S. upper class, and is appearing to make the U.S. economy look much much stronger than it would be with honest accounting by the U.S. Government!


That is why I say that most "reputable(?)" entities in the United States are spreading FAKE NEWS that the U.S. Economy is getting stronger!


We must re-establish integrity within the U.S. Government!
We must have Truth in the U.S. Government! The U.S. Government must start operating with an honest fiscal policy and accounting system!

 

National Debt    $20.0 Trillion 
Cash Deficit in FY2017  $0.57 Trillion 
GAAP Deficit in FY2017 
$5.55 Trillion 
US Unfunded Future Liabilities  $86.7 Trillion 
US Unfunded Liabilities (GAAP)  $106.7 Trillion 
Imaginary-Counterfeit Money 
$106.7 Trillion 
Total National Assets 

$132.1 Trillion 

Source: www.usdebtclock.org Jul 3, 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 ($106.7 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