USAPonzi-The Biggest Ponzi Scheme on the Planet-The U.S. Government

                    Copyright Declaration                                                                                                                                       John W. White    March 29, 2013

Fed-Asleep At The Switch 210901
September 1, 2021
Emailed to United Nations, 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/CNBC/DMN on 9/1/21


I am a whistleblower! The U.S. Government is corrupt!


And the Fed is “asleep at the switch”!


The corrupt U.S. Government is “cooking the books” by not operating its fiscal policy with accrual accounting!


The Fed is “asleep at the switch” by not discovering and exposing this U.S. Government corruption!


Planet Earth
is in the throes of the biggest financial debacle in history and apparently neither the U.S. Government nor the Federal Reserve Bank has a clue that this is happening!


The corrupt U.S. Government is committing a fiscal and accounting fraud, I call it USAPonzi, by operating its fiscal policy with Cash Accounting rather than proper GAAP Accounting  and the Fed has no clue that this is happening!


The corrupt U.S. Government has stolen $156.2 Trillion from the future Americans and given it to the U.S. upper class and the Fed has no clue that this is happening!


The corrupt U.S. Government has lied to and cheated the U.S. general public by promising them $127.5 Trillion of future benefits that it has no intention or capability to pay and the Fed has no clue that this is happening!


How can the supposedly smartest economists on the planet not see that the corrupt U.S. Government is stealing an infinite amount of money from the future Americans and giving it to the U.S. upper class by lying to and cheating the U.S. general public?


The corrupt U.S. Government is not operating its fiscal policy with proper accrual accounting (GAAP Accounting) and as a result is running a classic Ponzi scheme, I call it USAPonzi, that is in the process of printing an infinite amount of counterfeit money, I call it imaginary-counterfeit money, by fraudulently borrowing it from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!


This Ponzi scheme was launched in FY1969 when a scoundrel, Lyndon Baines Johnson, proposed and the corrupt U.S. Congress approved, the Unified Budget that consolidated all financial reporting, planning, and tax assessing into a single financial statement but did not switch the accounting system to accrual accounting (GAAP Accounting)! This means that for the last 52 years, the corrupt U.S. Government has been fraudulently borrowing imaginary-counterfeit money from the future Americans and giving it to the U.S. upper class!


The following chart gives a graphical projection of how the corrupt U.S. Government, with the current Ponzi scheme fiscal policy, has been borrowing imaginary-counterfeit money from the future Americans since 1969 and, if continued, could fraudulently borrow over a Quadrillion dollars (a thousand Trillion dollars) of imaginary-counterfeit money from the future Americans by 2041 and give it to the U.S. upper class!


The Federal Reserve Bank needs to stop spending its time worrying about whether or not to taper and start paying attention to USAPonzi the biggest crime ($156.2 Trillion) ever committed! In fact, the Fed can never taper until the corrupt U.S. Government stops committing fiscal and accounting fraud! We now have virtual debt of $127.5 Trillion that must be all converted to real debt, currently only $28.7 Trillion, so honest tapering by the Fed is totally absurd!


When this Ponzi scheme, that I call USAPonzi, implodes it will cause a global depression, I call it The Greatest Depression, that according to my analysis could be 5 times as severe as The Great Depression!


See U.S. Total Financial Leverage 4.9X 1929 210827.




This accounting fraud is printing an infinite supply of imaginary-counterfeit money by borrowing it from the future Americans and the Fed is “asleep at the switch”!


This accounting fraud has already printed $156.2 Trillion of imaginary-counterfeit money and the Fed is “asleep at the switch”!


This accounting fraud is giving infinite imaginary-counterfeit wealth to the U.S. upper class and the Fed is “asleep at the switch”! See Enriching the U.S. upper class.


This accounting fraud is not accruing the money to pay future benefits to the U.S. general public and the Fed is “asleep at the switch”! See Cheating the U.S. general public.


This accounting fraud is causing Social Injustice and the Fed is still “asleep at the switch”!


This accounting fraud is causing Wealth and Income Inequality and Fed is still “asleep at the switch”!


This accounting fraud is allowing the current Americans to buy whatever they want and not pay for it and the Fed is still “asleep at the switch”! See Cheating the Rest of the Planet.


This accounting fraud is causing the Stock Market Bubble and the Fed is still “asleep at the switch”! I predict that the Stock Market will crash by 95+% when USAPonzi implodes!


This accounting fraud is causing Global Warming and the Fed is still “asleep at the switch”!


This accounting fraud is “burning up Planet Earth” and the Fed is still “asleep at the switch”!


This accounting fraud is causing the Coronavirus Pandemic and the Fed is still “asleep at the switch”!


This accounting fraud is causing War and Terror and the Fed is still “asleep at the switch”! See The Imaginary $2 Trillion Afghan War 191211.


This accounting fraud has stolen a billion cars from the future Americans and the Fed is still “asleep at the switch”! See A Billion Stolen Cars 201026.


This accounting fraud has stolen 25,000 airplanes from the future Americans and the Fed is still “asleep at the switch”! See Where will we park all the Damn Airplanes 190318.


This accounting fraud is building useless houses, condos, and apartments all over the planet and the Fed is still “asleep at the switch”! See Austin Housing Bubble 200813.


This accounting fraud is paying athletes and entertainers millions of imaginary-counterfeit money to play games and sing songs and the Fed is still “asleep at the switch”! See Pro Athletes make $Millions 151122.


This accounting fraud has caused the price of oil to continue to increase to now $68 a barrel when its real value is markedly lower than that and the Fed is still “asleep at the switch”!


This accounting fraud has given Saudi Aramco a market cap of $6.97 Trillion when its real value is essentially ZERO and the Fed is still “asleep at the switch”! See Saudi Aramco $2 Trillion Miracle/Debacle 191211.


This accounting fraud has given Amazon a market cap of $1.70 Trillion when its real value is essentially ZERO and the Fed is still “asleep at the switch”! See Amazon Stupidity-Amazon Worth Nothing 200730.


This accounting fraud has given Apple a market cap of $2.46 Trillion when its real value is essentially ZERO and the Fed is still “asleep at the switch”! See JP Morgan Apple Price Target Insanity 210823.


This accounting fraud has given Microsoft a market cap of $2.25 Trillion when its real value is essentially ZERO and the Fed is still “asleep at the switch”! See Microsoft-A $2.1T Joke by US Gov Fraud 210712.


This accounting fraud has given Google a market cap of $1.93 Trillion when its real value is essentially ZERO and the Fed is still “asleep at the switch”! See Google-A $1.87T Joke by US Gov Fraud 210728.


This accounting fraud has given Facebook a market cap of $1.05 Trillion when its real value is essentially ZERO and the Fed is still “asleep at the switch”! See Facebook-A $900B Joke by US Gov Fraud 210507.


This accounting fraud has given Tesla a market cap of $705 Billion when its real value is essentially ZERO and the Fed is still “asleep at the switch”! See Tesla $376 Billion Market Cap by US Gov Fraud 200826.


This accounting fraud has given Netflix a market cap of $247 Billion when its real value is essentially ZERO and the Fed is still “asleep at the switch”! See Netflix $235.8 Billion Market Cap by Fraud 201008.


This accounting fraud has given Bitcoin a market price of $48,828 when its real value is essentially ZERO and the Fed is still “asleep at the switch”! See Bitcoin-A "Legal" Ponzi scheme on Steroids 210513.


This accounting fraud is causing a Hunger Pandemic and the Fed is still “asleep at the switch”!


This accounting fraud is causing The Greatest Depression and the Fed is still “asleep at the switch”!


This accounting fraud is causing The Death of Planet Earth and the Fed is still “asleep at the switch”!


The U.S. Government is corrupt!


And the Federal Reserve Bank is “asleep at the switch”!

 

US National Debt  $28.7 Trillion 
Cash Deficit in FY2021  $3.10 Trillion 
GAAP Deficit in FY2021 
$18.14 Trillion 
US Unfunded Future Liabilities  $127.5 Trillion 
US Unfunded Liabilities (GAAP)  $156.2 Trillion 
Imaginary-Counterfeit Money 
$156.2 Trillion 
US Total National Assets 

$177.0 Trillion 

Source: www.usdebtclock.org September 1, 2021


I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain USAPonzi and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can be downloaded from my websites in pdf format.


John W. White

Plano, TX