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

                    Copyright Declaration                                                                                                                                       John W. White    March 29, 2013

Fed Chair Jay Powell has been Fooled! 201216
December 16, 2020
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 12/16/20


Fed Chairman Jay Powell has been fooled by
U.S. Government Fraud!


Planet Earth
is plunging headlong into an apocalyptic physical, financial, economic, and humanitarian crisis!


We should all be incredibly concerned! The U.S. Congress does not understand the U.S. Government fraud that I call USAPonzi! The Federal Reserve Board does not understand the U.S. Government fraud that I call USAPonzi!


Fed Chairman Jay Powell convinced me today, in his press conference, that both he and the entire Federal Reserve Board have no clue how serious the problems are that have been created by the corrupt U.S. Government!


The corrupt U.S. Government has printed $156.1 Trillion of imaginary-counterfeit money and given it to the U.S. upper class!


The corrupt U.S. Government has deferred $156.1 Trillion of real public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans and undertaxed the U.S. upper class by $156.1 Trillion giving the U.S. upper class $156.1 Trillion of imaginary-counterfeit private assets! The corrupt U.S. Government is borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!


GAAP basis deficit spending
by the U.S. Government creates real public liabilities and imaginary-counterfeit private assets and the U.S. upper class is being given these imaginary-counterfeit private assets!


Let me say that one more time, the corrupt U.S. Government has printed $156.1 Trillion of imaginary-counterfeit money and given it to the U.S. upper class!


The corrupt U.S. Government has committed the biggest crime ever committed by borrowing $156.1 Trillion from the future Americans and giving it to their friends in the U.S. upper class by undertaxing them!


The entire planet is now buying and building environment-polluting physical objects (smartphones, computers, cars, airplanes, houses, airports, cities, etc. etc. etc.) with the $156.1 Trillion of imaginary-counterfeit money that the corrupt U.S. Government has fraudulently borrowed from the future Americans!


This is what is causing Global Warming that is Destroying Planet Earth!


And the corrupt U.S. Government is borrowing more imaginary-counterfeit money from the future Americans every day, currently $18.4 Billion a day, with ongoing GAAP basis deficit spending!


I am sure that I am not the only one that sees what America is doing to Planet Earth but no one in a position of power is prepared to step forward and address the cataclysmic peril that is facing Planet Earth!


As a leader in the U.S. Government, admitting to this fraud would surely cause you to not be re-elected or re-appointed, but more seriously it would expose you as a common criminal!


No one wants to admit that they have been fooled! No one wants to admit that they are a common criminal! No one wants to admit that they have been a party to destroying Planet Earth!


We are plunging headlong into the greatest physical, financial, economic, and humanitarian crisis in the history of Planet Earth and the U.S. Government leadership apparently has no clue that this is happening!


Planet Earth
is teetering on an apocalyptic precipice and both the American leadership and the global leadership are asleep at the switch!


I can only yell F
ire! Fire! Fire! so many times before people quit listening if they cannot see the smoke! I seem to have passed that point in time!


The corrupt U.S. Government is committing a fiscal and accounting fraud, I call it USAPonzi, that is printing counterfeit money, I call it imaginary-counterfeit money, and giving it to the U.S. upper class! The corrupt U.S. Government is not using proper and Generally Accepted Accounting Principles (GAAP Accounting) and therefore is not accruing for future U.S. Government benefits worth $128.7 Trillion!


The corrupt U.S. Government has printed $156.1 Trillion of imaginary-counterfeit money and given it to the U.S. upper class!


This corrupt fiscal policy is enriching the U.S. upper class!


This corrupt fiscal policy is cheating the U.S. general public!


This corrupt fiscal policy is causing dramatic Wealth and Income Inequality!


This corrupt fiscal policy is causing Global Warming!


This corrupt fiscal policy is causing the Coronavirus Pandemic!


This corrupt fiscal policy is causing a looming Hunger Pandemic!


This corrupt fiscal policy is causing a looming global depression, I call it The Greatest Depression!


This corrupt fiscal policy is Destroying Planet Earth!


When everyone thinks the world is flat, it is hard to convince anyone that the world is round!


The following commentaries explain this fiscal and accounting fraud!


USAPonzi-The Great American Fraud
Whistleblower Letter #3 to U.S. General Public
Whistleblower Letter #6 to Congress


The devastating impact of this accounting fraud on Planet Earth is summarized in my Oct 1, 2020 commentary.


Quintet of Global Crises (Economy, Climate, Health, Hunger, Depression)

 

National Debt  $27.4 Trillion 
Cash Deficit in FY2021  $3.22 Trillion 
*GAAP Deficit in FY2021  $6.71 Trillion 
US Unfunded Future Liabilities  $128.7 Trillion 
US Unfunded Liabilities (GAAP)  $156.1 Trillion 
Imaginary-Counterfeit Money  $156.1 Trillion 
Total National Assets  $155.1 Trillion 

Source: www.usdebtclock.org December 15, 2020
*GAAP Deficit-current


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


John W. White
Plano, TX