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

Global Inequality Tipping Point 2030
April 10, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 4/10/18


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 why the elite throughout the planet are accumulating such a large percentage of the global wealth! This is caused by U.S. Government fiscal and accounting fraud!


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!


Global Inequality Tipping Point 2030
April 10, 2018


In this commentary, I will explain why the global elite are accumulating such a large percentage of the apparent global wealth! This is happening because the U.S. Government is corrupt! This is happening because the U.S. Government is committing fiscal and accounting fraud! Most of the apparent wealth on Planet Earth is imaginary-counterfeit money that has been produced by U.S. Government fiscal and accounting fraud!


The corrupt and criminal U.S. Government is stuffing money, $112.7 Trillion so far, into the pockets of the U.S. upper class with GAAP basis deficit spending because the U.S. Government is not operating its fiscal policy with accrual accounting! The corrupt and criminal U.S. Government is cheating the U.S. general public by underfunding the future benefit promises to the U.S. general public so that it can enrich the U.S. upper class!


The corrupt and criminal U.S. Government has created $112.7 Trillion of imaginary-counterfeit wealth for the U.S. upper class out of “thin air” by fraudulently deferring $112.7 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans that can never be paid!


The global elite is getting rich because the U.S. upper class is getting rich with imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans!


The U.S. Government is digitally printing imaginary-counterfeit money, at the rate of our GAAP basis deficit spending, by fraudulently borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class! The U.S. Government is committing fiscal and accounting fraud because it is not using accrual accounting! When the U.S. Government spends and commits to spend money that it does not have, it is digitally printing imaginary-counterfeit money!


The global upper class is getting filthy rich with monopoly money because of GAAP basis deficit spending by the U.S. Government!


The amazing wealth of the global upper class is all a hoax that is being perpetrated by a corrupt and criminal U.S. Government!


The following article, published in “The Guardian” on April 7, 2018, highlights just how much of the apparent global wealth is being accumulated by the top 1% of the population.


Richest 1% on target to own two-thirds of all wealth by 2030


https://www.theguardian.com/business/2018/apr/07/global-inequality-tipping-point-2030


The U.S. Government is perpetrating a $112.7 Trillion fiscal and accounting fraud by not operating its fiscal policy with accrual accounting (GAAP Accounting)! The U.S. Government is promising future benefits to the U.S. general public but is not using accrual accounting to properly accrue the money to pay for these future benefit promises.


This U.S. Government fiscal and accounting fraud was launched in January of 1968 by Lyndon Baines Johnson and the 90th Congress when LBJ proposed and Congress approved the Unified Budget!


I call this U.S. Government fiscal and accounting fraud USAPonzi since it is a classic Ponzi scheme that borrows an ever-increasing amount of money from the future Americans, money the future Americans do not have, and gives it to the U.S. upper class by undertaxing them!


So far, this U.S. Government fiscal and accounting fraud has created $112.7 Trillion of imaginary-counterfeit money out of “thin air” to enrich the U.S. upper class, to overpay the U.S. ruling class, and to finance the mightiest military force ever created!


However, this U.S. Government sponsored Ponzi scheme/fraud has cheated the U.S. general public because it has not properly funded the future benefit promises to the U.S. general public, has cheated the rest of the planet because Americans are buying stuff from the rest of the planet with imaginary-counterfeit money, and the U.S. military is either intimidating or crushing our foes with a military arsenal that has been purchased with imaginary-counterfeit money that was fraudulently borrowed from the future Americans!


Americans are buying goods and services, including weapons of war, with $112.7 Trillion of fake money that has been fraudulently borrowed from the future Americans!


The U.S. Government is corrupt!
The U.S. Government is committing a $112.7 Trillion fiscal and accounting fraud!
The U.S. Government has committed a $112.7 Trillion criminal act!
The senior members of the U.S. Government are common criminals!


We have a bunch of scoundrels, liars, cheaters, and criminals running the U.S. Government!


This Ponzi scheme fiscal policy of the United States of America is systematically transferring all of the apparent global wealth to the global elite! This U.S. Government fiscal and accounting fraud has infected the entire global financial system and the global economy! $112.7 Trillion of imaginary-counterfeit money that is increasing exponentially can have a huge and fraudulent impact on the global economy and the global financial system!


Because of this accounting fraud, Americans are buying all kinds of stuff without having to pay even a single nickel for it! That is precisely why Amazon can sell so damn much stuff! The U.S. Government borrows money from the future Americans, money that the future Americans do not have, and gives it to the U.S. upper class so the current Americans can buy a never-ending stream of goods and services from Amazon and all other vendors! That is why Americans have so damn many cars and such big houses; we are buying and building stuff with imaginary-counterfeit money!


That is why America appears to be so prosperous and wealthy, the U.S. Government has borrowed $112.7 Trillion from the future Americans and given it to the U.S. upper class because the U.S. Government is committing fiscal and accounting fraud!


Unpayable public liabilities become imaginary-counterfeit private assets that the U.S. Government is channeling to the U.S. upper class by undertaxing them!


This Ponzi scheme is borrowing another $16.4 Billion of imaginary-counterfeit money from the future Americans every day to further enrich the U.S. upper class and the global elite with ongoing GAAP basis deficit spending (GAAP Deficit in FY2018 of $6.0T/365 days = $16.4B/day)!


Because of the way this U.S. Government fiscal and accounting fraud works, the imaginary-counterfeit wealth of the global upper class is spiraling towards infinity while the general public is earning a meager and relatively fixed income by the “sweat of the brow”! U.S. Government fiscal and accounting fraud is causing the wealth and income gap!


That is why the top 1% is accumulating all of the global wealth; Americans, primarily the U.S. upper class, are being dramatically undertaxed (by $112.7 Trillion as of today April 10, 2018)! And most of this apparent wealth is fake money that the corrupt and criminal U.S. Government is fraudulently borrowing from the future Americans and giving to the U.S. upper class!


The global upper class is getting richer and richer because the corrupt and criminal U.S. Government is fraudulently borrowing more and more money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class!


This imaginary-counterfeit money, currently $112.7 Trillion, will evaporate into the “thin air” from whence it came when this fiscal and accounting fraud is exposed and USAPonzi implodes!


To eliminate this massive ($112.7 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  $91.6 Trillion 
US Unfunded Liabilities (GAAP)  $112.7 Trillion 
Imaginary-Counterfeit Money 
$112.7 Trillion 
Total National Assets 

$138.0 Trillion 

Source: www.usdebtclock.org Apr 10, 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 ($112.7 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