Fools or Cheaters?
April 7, 2017 Emailed to WSJ/NYT/DMN on April 8, 2017
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 is using a fraudulent fiscal policy and accounting system to dramatically enhance the lifestyle of Americans, to dramatically enrich the U.S. ruling class, to colossally enrich the U.S. upper class, to colossally cheat the Common Man, and to colossally cheat the rest of the planet. Do the senior officials of the U.S. Government really understand the magnitude and gravity of this fraud? Are they fools or cheaters?
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".
Fools or Cheaters?
April 7, 2017
The U.S. Government is corrupt! The senior officials of the U.S. Government are criminals! The U.S. Government is operating with a Ponzi scheme fiscal policy (USAPonzi) by using Cash Accounting rather than the proper GAAP Accounting (Generally Accepted Accounting Principles). This fiscal and accounting fraud is enriching the U.S. ruling class, is colossally enriching the U.S. upper class, is colossally cheating the U.S. Common Man, and is colossally cheating the rest of the planet. This fraud was introduced by The LBJ Conspiracy.
The senior officials of the U.S. Government are criminals because they are significant beneficiaries of this fraud.
The question that I am asking in this commentary is: "Do the senior officials of the U.S. Government know that this is a fraud and if they do know it is a fraud, do they understand the magnitude and gravity of this fraud?" This is a $105.7 Trillion fraud that has given the U.S. upper class $105.7 Trillion and has cheated the U.S. Common Man by $85.8 Trillion by underfunding the U.S. Government benefit promises.
If they do not know this, then they are fools! If they do know this, and still continue to operate this fraud, then they are intentional cheaters.
We need to ask each senior official of the U.S. Government; "Are you a fool or a cheater?"
I feel sure that each one of them will say; "I knew it was a problem but I did not realize the magnitude and gravity of the problem." I contend that this is an unacceptable excuse! This fraud has given each senior official of the U.S. Government an opulent lifestyle. The U.S. Government has been operating this fraud for 48 years! That is long enough to be able to detect and eliminate this fraud!
This fraud has given the current Americans $105.7 Trillion of imaginary-counterfeit money so that we can fill the planet with big houses, big cars, big trucks, big airplanes, big skyscrapers, etc., etc.
The senior officials of the U.S. Government are criminals but are they intentional or accidental cheaters? Are the senior officials of the U.S. Government fools or cheaters?
|Cash Deficit in FY2017
|GAAP Deficit in FY2017
|US Unfunded Future Liabilities
|| $85.8 Trillion
|US Unfunded Liabilities (GAAP)
| Total National Assets
Source: www.usdebtclock.org April 7, 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.
This is the biggest ($105.7 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