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

Fools or Criminals in the U.S. Government?
April 14, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 4/14/18


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post” and “The Dallas Morning News” that asks this question: Do we have “Fools or Criminals in the U.S. Government?”


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”.


The “news media” is aiding and abetting the corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud!


Fools or Criminals in the U.S. Government?
April 14, 2018


Do we have fools or criminals in the U.S. Government?


It is better to be thought a fool than to be a known criminal!


As I watch the Congressional hearings on TV, I hear the members of Congress frequently ask a question and then demand a definitive answer of “yes” or “no”. Well I have a question for each member of Congress to determine if they are a “fool” or a “criminal”? Here is the question;


Do you know that the U.S. Government is committing fiscal and accounting fraud by not using accrual accounting?


If you answer “yes” you are a criminal!


If you answer “no” you are a fool!


The U.S. Government has been committing fiscal and accounting fraud for nearly 49 years and I contend that most of the members of Congress know about this fraud so they are known criminals. However, when they are asked my above question, I am convinced that they will say “no” because it is better to be thought a fool than to be a known criminal!


But how do we deal with a situation where the U.S. Government is corrupt and performing a criminal act and the senior officials of the U.S. Government will not step forward and admit to this criminal act? To whom do you go for justice when it is the U.S. Government that is committing a criminal act?


I have sent 13 whistleblower letters to the U.S. Securities and Exchange Commission, a whistleblower letter to each of the 540 members of the U.S. Congress, 9 whistleblower letters to the U.S. Supreme Court, and many, many Op-Ed letters to the “news media” in an attempt to get this $112.8 Trillion U.S. Government fiscal and accounting fraud explained and exposed!


I contend that all senior members of the U.S. Government are criminals because, while not a lawyer, I have been taught that ignorance of the law is no excuse! By not operating with accrual accounting, the corrupt and criminal U.S. Government has digitally printed $112.8 Trillion of imaginary-counterfeit money by borrowing money from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class!


The corrupt and criminal U.S. Government has undertaxed the U.S. upper class by $112.8 Trillion (US Unfunded Liabilities (GAAP)) giving them $112.8 Trillion of imaginary-counterfeit money! GAAP basis deficit spending digitally prints imaginary-counterfeit money! The corrupt and criminal U.S. Government has given the U.S. upper class $112.8 Trillion of imaginary-counterfeit money by deferring $112.8 Trillion of public liabilities to the future Americans!


The U.S. Government is pretending/imagining that the future Americans can pay $112.8 Trillion of taxes someday but obviously they cannot pay this exponentially increasing amount of public liabilities that now stands at $112.8 Trillion! The money gained by the U.S. upper class because they have been undertaxed is both imaginary and counterfeit (See The Concept of Imaginary-Counterfeit Money)!


This fiscal and accounting fraud has dramatically but fraudulently enriched the U.S. upper class and the senior members of the U.S. Government, therefore all of the senior members of the U.S. Government are criminals whether they answer my above question either “yes” or “no”!


This imaginary-counterfeit money, currently $112.8 Trillion, will evaporate into the “thin air” from whence it came when this fiscal and accounting fraud is properly exposed!


The corrupt and criminal U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, to fraudulently elevate the economic, financial, political, and military status of America and to elevate the economic and financial status of Americans!


The corrupt and criminal U.S. Government perpetrates the fraud by not operating its fiscal policy with accrual accounting (GAAP Accounting) so that the U.S. Government can fraudulently and stealthily borrow money ($112.8 Trillion so far) from the future Americans, money that the future Americans do not have, and give it to the U.S. upper class!


The United States of America appears to be the most prosperous and wealthy country on the planet simply because the U.S. Government is committing fiscal and accounting fraud! This fraud, not using GAAP Accounting, is simply borrowing an unending and exponentially increasing stream of imaginary-counterfeit money from the future Americans and giving it to the U.S. upper class!


That is precisely why the U.S. upper class folks have big houses and big cars! And their houses and cars are getting bigger and bigger! An infinite amount of imaginary-counterfeit money can buy some very big houses and a lot of big fancy cars! That is why a lot of members of the U.S. upper class have become car collectors.


Jay Leno is a shining example of a car collector! Jay Leno has bought all of his cars with imaginary-counterfeit money that the corrupt and criminal U.S. Government has fraudulently borrowed from the future Americans!


This is why Elon Musk is selling so damn many Teslas! The U.S. Government is digitally printing, what will become, an infinite amount of imaginary-counterfeit money so eventually everybody in America will be able to own a Tesla!


Americans, primarily the U.S. upper class, are buying and building stuff with imaginary-counterfeit money that the corrupt and criminal U.S. Government is fraudulently borrowing from the future Americans and giving to the U.S. upper class at the rate of our GAAP basis deficit spending!


Do we have fools or criminals in the U.S. Government?


To eliminate this massive ($112.8 Trillion) fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.

 

National Debt  $21.1 Trillion 
Cash Deficit in FY2018  $0.73 Trillion 
GAAP Deficit in FY2018 
$6.00 Trillion 
US Unfunded Future Liabilities  $91.7 Trillion 
US Unfunded Liabilities (GAAP)  $112.8 Trillion 
Imaginary-Counterfeit Money 
$112.8 Trillion 
Total National Assets 

$138.1 Trillion 

Source: www.usdebtclock.org Apr 14, 2018


This fraud/Ponzi scheme (USAPonzi) is also explained on my website www.usaponzi.net and in my third book “USAPonzi3”!


This is the biggest ($112.8 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”!


John W. White
Plano, TX