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

FRAUD-FRAUD-FRAUD-HOAX-HOAX-HOAX 180210
February 10, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, and Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 2/11/18


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post”, and “The Dallas Morning News” that explains how the U.S. Government is committing fiscal and accounting FRAUD and because of this FRAUD the global economy is a HOAX! The U.S. Government is fraudulently borrowing money ($112.0 Trillion so far) from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class!


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!


FRAUD-FRAUD-FRAUD-HOAX-HOAX-HOAX 180210

February 10, 2018


The U.S. Government is committing fiscal and accounting FRAUD in an attempt to gain economic, financial, political, and military advantage over the rest of the planet! The corrupt U.S. Government is using financial FRAUD in an attempt to dominate the planet in much the same way that other empires have used direct and aggressive military might. This accounting FRAUD has produced the most dominant military force ever assembled in an attempt to dominate the planet by intimidation!


This 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!


The corrupt and criminal U.S. Government is not operating with proper accrual accounting and a properly balanced budget!


The corrupt and criminal U.S. Government is fraudulently borrowing imaginary-counterfeit money ($112.0 Trillion so far) from the future Americans and giving it to the U.S. upper class to “Make America appear to be Great”!


The U.S. Government is corrupt! The corrupt U.S. Government is being run by criminals! The senior officials of the U.S. Government are criminals because they are fraudulently borrowing money from the future Americans, money that the future Americans do not have, so that they can enrich themselves, colossally enrich their upper-class friends, and finance the most dominant military force ever assembled! The corrupt and criminal U.S. Government has already fraudulently borrowed $112.0 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class!


The U.S. Government is not operating with proper and Generally Accepted Accounting Principles (GAAP Accounting)!


The U.S. Government is perpetrating a fiscal and accounting FRAUD!


Because of this FRAUD, the global economy is a HOAX!


This FRAUD is digitally printing imaginary-counterfeit money and giving it to the U.S. upper class!


The U.S. upper class gets rich because the U.S. Government has stuffed $112.0 Trillion of imaginary-counterfeit money into their pockets with GAAP basis deficit spending!


Americans are buying stuff with this never-ending and ever-expanding stream of imaginary-counterfeit money that the corrupt and criminal U.S. Government is digitally printing because it is not using the proper accounting system!


That is why the stock market goes up!  That is why the global economy appears to be in synchronized global growth mode! That is why we have so many cars! That is why we have so many airplanes! That is why we have so much military equipment! That is why we have so many big houses! That is why we are building so many luxury apartments and luxury condos! That is why pro athletes and entertainers get paid millions! That is why Amazon can sell so much stuff! That is why Jeff Bezos appears to be worth more than $100 Billion! The U.S. Government has printed $112.0 Trillion of imaginary-counterfeit money so Americans can buy stuff from Amazon that they cannot afford and make Bezos appear to be rich beyond belief with imaginary-counterfeit money!


The corrupt and criminal U.S. Government has created a magic money gusher that is spitting out $16.4 Billion of imaginary-counterfeit money every day!


The U.S. Government is perpetrating a massive fiscal and accounting FRAUD!


The global economy is a colossal HOAX!


The U.S. Government is CORRUPT!


This FRAUD is a classic Ponzi scheme that I have named USAPonzi! This FRAUD/Ponzi scheme is paying the early participants in the scheme with money that is borrowed from the late participants in the scheme!


GAAP basis deficit spending
digitally prints imaginary-counterfeit money!


The corrupt and criminal U.S. Government has financed the most dominant military force ever assembled by using some of the $112.0 Trillion of imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans!


The corrupt and criminal U.S. Government is not telling the truth when it reports its financial status on a Cash Accounting basis! The U.S. Government must start using proper GAAP Accounting!


The U.S. Government is bankrupt but yet we pretend to be the richest and most prosperous country on the planet! We appear to be rich and prosperous but we are really just fraudulently borrowing imaginary-counterfeit money ($112.0 Trillion so far) from the future Americans and giving it to the U.S. upper class to make America look rich and prosperous!


The corrupt and criminal U.S. Government is committing fiscal and accounting FRAUD!


The corrupt and criminal U.S. Government is borrowing imaginary-counterfeit money from the future Americans so that it can overpay itself, buy a lot of military equipment, and colossally enrich its upper-class friends with $112.0 Trillion of imaginary-counterfeit money!


The U.S. Government is perpetrating a FRAUD-FRAUD-FRAUD!


The global economy is a HOAX-HOAX-HOAX!


This FRAUD is in the process of fraudulently transferring infinite imaginary-counterfeit wealth to the U.S. upper class!


This FRAUD is in the process of allowing Americans to buy an infinite amount of stuff from the rest of the planet!


This FRAUD is in the process of sending the stock market indexes to infinity!


This FRAUD is in the process of incurring an infinite amount of public liabilities for the future Americans!


Because of this FRAUD, Americans, primarily the U.S. upper class, are buying whatever they may want with an infinite stream of imaginary-counterfeit money that the corrupt and criminal U.S. Government is fraudulently borrowing (US Unfunded Liabilities (GAAP)) from the future Americans!


Because of this FRAUD, Americans are buying and building things that they will not be able effectively use when this FRAUD is exposed! We are filling the planet with things (big houses, big cars, airplanes, cruise ships, luxury condos, luxury apartments, fancy resorts, fancy restaurants, banks, military equipment, etc) that are being purchased with the imaginary-counterfeit money ($112.0 Trillion so far) that the corrupt and criminal U.S. Government is fraudulently borrowing from the future Americans!


Americans, primarily the U.S. upper class, are filling the planet with junk that they are purchasing with a never-ending and ever-expanding stream of imaginary-counterfeit money ($112.0 Trillion so far) that the corrupt and criminal U.S. Government is stealthily and fraudulently borrowing from the future Americans by using Cash Accounting rather than the proper GAAP Accounting!


All of these trends will continue until USAPonzi implodes!


The U.S. Government clearly likes the U.S. upper class a lot more than it likes the U.S. Common Man!


The corrupt and criminal U.S. Government has enriched the U.S. upper class by $112.0 Trillion by undertaxing them by $112.0 Trillion (US Unfunded Liabilities (GAAP))!


The corrupt and criminal U.S. Government has cheated the U.S. Common Man by underfunding the future benefit promises to the U.S. Common Man by $91.4 Trillion (US Unfunded Future Liabilities)!


Because of this FRAUD, the U.S. Government is fraudulently enriching the U.S. upper class today and is fraudulently cheating the U.S. Common Man tomorrow!


The U.S. Government, by using fraudulent accounting, is fraudulently and stealthily borrowing money from the future Americans, that can never be paid, and giving this imaginary-counterfeit money to the U.S. upper class!


The U.S. Government is borrowing $16.4 Billion more imaginary-counterfeit money from the future Americans every day and giving it to the U.S. upper class (GAAP Deficit in FY2018 of $5.98T/365 days = $16.4B/day)! The corrupt and criminal U.S. Government is creating imaginary-counterfeit money out of “thin air” at the rate of $16.4 Billion a day and giving it to the U.S. upper class!


The U.S. Government really likes the U.S. upper class!


Authors Note: The U.S. upper class will get richer a lot faster because of Trumponomics! The U.S. upper class is in favor of deficit spending! That is an easy way for the U.S. upper class to make a buck! Our GAAP deficit will increase significantly from the currently estimated $5.98 Trillion in FY2018 with the recently enacted “tax reform” of Trumponomics! Reducing taxes when you have public liabilities of $112.0 Trillion (US Unfunded Liabilities (GAAP)) is not going to make the debt and deficit problem better!

 

National Debt  $20.6 Trillion 
Cash Deficit in FY2018  $0.65 Trillion 
GAAP Deficit in FY2018  $5.98 Trillion 
US Unfunded Future Liabilities  $91.4 Trillion 
US Unfunded Liabilities (GAAP)  $112.0 Trillion 
Imaginary-Counterfeit Money  $112.0 Trillion 
Total National Assets  $135.2 Trillion 

Source: www.usdebtclock.org Feb 10, 2018


To eliminate this fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.


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), “USAPonzi2” (May 1, 2017), and  “USAPonzi3” (Feb 1, 2018) which are available on Amazon to better explain this fraud/Ponzi scheme.


This is the biggest ($112.0 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