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

Government Fraud is Killing the Common Man 180816
August 16, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 8/14/18


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post”, and “The Dallas Morning News” that explains why “Government Fraud is Killing the Common Man”! This statement is figuratively true from an economic standpoint and last night I saw an example of why it is literally true!


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 “colossally feather the nests of their upper-class friends”! The U.S. Government is not using proper accrual accounting!


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


Government Fraud is Killing the Common Man 180816

August 16, 2018


The U.S. Government is corrupt! The U.S. Government is committing a fiscal and accounting fraud! The U.S. Government is not operating its fiscal policy with proper GAAP Accounting! This accounting fraud is enriching the U.S. upper class and cheating the U.S. general public because it is not accruing the money to pay future government benefit promises to the U.S. general public!


This U.S. Government fraud is killing the Common Man economically and as this commentary will explain is literally killing some of the Common Man because this fraud is causing healthcare costs in America to be unaffordable for the Common Man!


Healthcare costs in the United States are escalating simply because the U.S. Government is printing counterfeit money and giving it to the U.S. upper class! Healthcare costs in the United States are escalating because the U.S. Government is committing fiscal and accounting fraud!


When the 1% is getting $16.5 Billion a day of counterfeit money stuffed into their pockets by a U.S. Government fraud and the 99% is not, this creates dramatic social injustice! The U.S. upper class is getting filthy rich and the U.S. Common Man is getting screwed!


The U.S. Government is committing a fiscal and accounting fraud that is printing counterfeit money and giving it to the U.S. upper class! So far, this fraud has given the U.S. upper class $114.4 Trillion of counterfeit money by not operating its fiscal policy with proper GAAP Accounting! The U.S. upper class is getting filthy rich because of this fraud but that is just part of the problem!


Because of this fraud, the cost of everything has been inflating by about 5% per year since this fraud was launched in FY1969 (See Inflation: A Byproduct of USAPonzi)! The U.S. upper class can deal with this inflation because the U.S. Government is printing counterfeit money, $16.5 Billion a day, and giving it to the U.S. upper class! The Common Man does not have that luxury; he/she has to live on a relatively fixed income while the U.S. upper class just gets richer and richer every day without having to lift a finger! This accounting fraud has the U.S. upper class on a trajectory that will give them infinite counterfeit wealth!


This accounting fraud is explained in more detail in my Open Letter to US Government!


The short statement of this fraud is that the U.S. Government is not accruing the money to pay for the future benefit promises to the U.S. general public so the U.S. upper class gets undertaxed and the U.S. general public does not have their benefit promises funded.


As of this date, the U.S. upper class has been fraudulently enriched by $114.4 Trillion and the U.S. general public has been cheated out of $93.1 Trillion of promised future benefits!


Further, the U.S. upper class is living the “Life of Riley” on the counterfeit money that the U.S. Government is printing and the cost of living for everybody is going up because of the inflation induced by this $114.4 Trillion of counterfeit money.


The Common Man is suffering a triple whammy because of this U.S. Government accounting fraud, 1) their pay is not keeping pace with inflation, 2) the cost of living in America is going up dramatically because the U.S. upper class is flush with counterfeit money, and 3) the U.S. Government is not funding their promised future benefits to the U.S. general public!


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


The Common Man is figuratively getting killed economically because of this U.S. Government fiscal and accounting fraud!


Last night, on the evening news, I saw a story about why this fraud is literally killing some of the Common Man!


This accounting fraud is causing consumer and asset inflation because the U.S. Government is printing $16.5 Billion of counterfeit money every day and has printed a total of $114.4 Trillion of counterfeit money! This U.S. Government accounting fraud is what is causing the cost of healthcare to rapidly inflate in America as compared to the rest of the planet!


The story I saw last night was about a 29 year old man who died because he could no longer afford his insulin. He was forced to reduce his dosage of insulin because he could not afford to take the proper dosage. The cost of his medication was $1300 a month which he could not afford (See The rising cost of insulin-Horror stories every day)!


This accounting fraud has introduced two kinds of money for two classes of people! The Common Man is operating with real money that is highly correlated to the value of labor, while U.S. upper class is operating with imaginary-counterfeit money that the U.S. Government is producing out of “thin air” with GAAP basis deficit spending and giving to the U.S. upper class!


When the price of goods and services is based on imaginary-counterfeit money that is being fraudulently borrowed from the future Americans, the Common Man cannot compete economically with the rich folks that are buying the same stuff with the $114.4 Trillion of monopoly money that this accounting fraud is producing out of  “thin air” (See Two Classes of People/Two Kinds of Money)!


Because the U.S. Government is printing counterfeit money for the upper class, the upper class can afford healthcare when the general public cannot! This U.S. Government accounting fraud has created massive social injustice by colossally enriching the rich and colossally cheating the Common Man!


The healthcare service providers will charge what the upper class can pay and the Common Man sometimes die because they cannot afford to pay with their real money what the rich can pay with their imaginary-counterfeit money!


This economic disparity between the U.S. upper class and the U.S. general public is caused by the corruption within the U.S. Government that is enriching the U.S. upper class and cheating the Common Man! This U.S. Government accounting fraud is the cause of the wealth and income gap between the U.S. upper class and the U.S. Common Man!


This U.S. Government accounting fraud is killing the Common Man economically and in some cases literally when the Common Man cannot afford the healthcare services that the U.S. Government is fraudulently supporting for the U.S. upper class by giving them $114.4 Trillion of counterfeit money!


What has happened to the land of equal opportunity that we so proudly proclaim?


This U.S. Government accounting fraud has introduced massive social injustice by colossally enriching the U.S. upper class and colossally cheating the Common Man!


The U.S. Government is corrupt!


The senior officials of the U.S. Government are common criminals that have committed a $114.4 Trillion criminal act by not operating its fiscal policy with proper accrual accounting! The senior officials of the U.S. Government are common criminals because they are direct financial beneficiaries of this massive fraud! The corrupt and criminal U.S. Government is overpaying itself with imaginary-counterfeit money!


We have 535 criminals in the U.S. Congress and an untold number of criminals in the White House!


I have sent 14 whistleblower letters to the U.S. Securities and Exchange Commission, a whistleblower letter to every member of the U.S. Congress, and 9 whistleblower letters to each member of the U.S. Supreme Court so that all three branches of the U.S. Government would be informed of this massive fraud!


I have also sent over 200 Op-Eds to the “mainstream media” in an attempt to expose this massive fraud to the citizens of Planet Earth! None of these Op-Ed candidates have been published!


This massive fraud is explained in more detail in my Open Letter to the US Government, my Open Letter to Planet Earth, and my Open Letter to US General Public!


I have presented specific fraud charges against the U.S. Government in my Fraud Charges against U.S. Government commentary!


To eliminate this massive fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget. GAAP Accounting (Generally Accepted Accounting Principles) is the commonly used name in America for the accounting guidelines for accrual accounting.

 

National Debt   $21.3 Trillion  
Cash Deficit in FY2018   $0.78 Trillion  
GAAP Deficit in FY2018   $6.04 Trillion  
US Unfunded Future Liabilities   $93.1 Trillion  
US Unfunded Liabilities (GAAP)   $114.4 Trillion  
Imaginary-Counterfeit Money   $114.4 Trillion  
Total National Assets   $137.8 Trillion  

Source: www.usdebtclock.org Aug 16, 2018


This fraud/Ponzi scheme (USAPonzi) is explained in much more detail on my websites www.usaponzi.net and www.usaponzi.com and in my books “USAPonzi” 11/22/15, “USAPonzi2” 5/1/17, and “USAPonzi3” 2/1/18! Each of these books have updates that I made every few days until the next book was published. I have published over 638 commentaries since March 29, 2013 in an attempt to explain and expose this U.S. Government fraud!


This is the biggest ($114.4 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