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

Great Wealth and Strong Economy by Fraud!
March 23, 2018
Emailed to Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, Senator Ted Cruz, the SEC, and WSJ/NYT/WP/DMN on Mar 23, 2018


This is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post”, and “The Dallas Morning News” that explains why America has great wealth and the global economy is strong! Both of these are very easily explained; the U.S. Government is corrupt!


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!


Great Wealth and Strong Economy by Fraud!

March 23, 2018


99.96% of the people on planet earth are going to be really pissed when they find out that the U.S. Government has been cheating them so that the U.S. Government can enrich the 1%ers in America!


America appears to be the wealthiest and most prosperous country on the planet!


The global economy appears to be very strong and getting stronger!


Both the great American wealth and the strong global economy are caused by a hoax that is being perpetrated by a corrupt and criminal U.S. Government!


The corrupt and criminal U.S. Government, by using Cash Accounting, is borrowing imaginary-counterfeit money from the future Americans and giving it to the U.S. upper class! This fraud, if continued, would give infinite imaginary-counterfeit wealth to the U.S. upper class! So far, this fraud has given the U.S. upper class $112.5 Trillion and is giving them $16.4 Billion more every day!


This is why America appears to be wealthy and why the global economy appears to be strong; the corrupt and criminal U.S. Government is borrowing an infinite stream of imaginary-counterfeit money from the future Americans and giving it to the  U.S. upper class! This fraud is giving infinite wealth to the U.S. upper class and infinite liabilities to the future Americans! This fraud is allowing Americans to buy an infinite amount of stuff with imaginary-counterfeit money so they do not have to pay for it! They leave the bill to the future Americans who can never pay it!


The corrupt and criminal U.S. Government is committing fiscal and accounting fraud by not operating with GAAP Accounting and a balanced GAAP basis budget!


The corrupt and criminal U.S. Government is stuffing an infinite amount of imaginary-counterfeit money into the pockets of the U.S. upper class by undertaxing them and deferring an infinite amount of public liabilities to the future Americans! The U.S. upper class gets richer and richer and the global economy gets stronger and stronger! This is fraud because the future Americans cannot pay an infinite amount of public liabilities! The corrupt and criminal U.S. Government is printing imaginary-counterfeit money to enrich the U.S. upper class and provide an infinite amount of purchasing power for the current Americans to stimulate the global economy!


LBJ has fooled the planet for 48 years by convincing the U.S. Congress to adopt the Unified Budget!


The corrupt and criminal U.S. Government is paying U.S. Government benefits without accruing for them! This fraud is enriching the U.S. upper class and filling the planet with junk purchased with monopoly money! But it sure makes the global economy look strong!


Jay Powell, the new Fed Chairman, said just this week that the global economy is strong and getting stronger! Even the new Fed Chairman may not understand that this is all a massive hoax being perpetrated by a corrupt and criminal U.S. Government! But all of the prior Fed chairman since FY1969 have either been fooled by this U.S. Government fraud or they have been willing to go along with the corruption in Washington!


The U.S. Government is committing fiscal and accounting fraud to create this illusion of great American wealth and great global economic strength! The U.S. Government is not operating its fiscal policy according to proper and Generally Accepted Accounting Principles (GAAP Accounting)! The U.S. Government is not properly accruing for future U.S. Government benefits! The U.S. Government is running a $112.5 Trillion Ponzi scheme! I call this Ponzi scheme/fraud USAPonzi!


The corrupt and criminal U.S. Government has simply borrowed $112.5 Trillion of imaginary-counterfeit money from the future Americans, money that the future Americans do not have, and given it to the U.S. upper class! The corrupt and criminal U.S. Government is borrowing another $16.4 Billion of imaginary-counterfeit money from the future Americans every day and giving it to the U.S. upper class (GAAP Deficit in FY2018 = $5.99T/365 = $16.4B/day)!


This hoax is very simple, the corrupt and criminal U.S. Government is borrowing imaginary-counterfeit money from the future Americans to enrich the U.S. upper class and to stimulate the global economy by committing fiscal and accounting fraud!


GAAP basis deficit spending
digitally prints imaginary-counterfeit money!


The corrupt and criminal U.S. Government has been doing this for 48 years! This U.S. Government fraud was launched in FY1969 when LBJ convinced the U.S. Congress to adopt the “Unified Budget”!


The corrupt and criminal U.S. Government is stuffing imaginary-counterfeit money into the pockets of the U.S. upper class while cheating the U.S. general public and the rest of the planet!


Americans are buying everything under the sun with imaginary-counterfeit money that the corrupt and criminal U.S. Government is fraudulently borrowing from the future Americans!


This is why the U.S. upper class folks have big cars and big houses; the corrupt and criminal U.S. Government is stuffing more money into the pockets of the U.S. upper class every day!


And the amount of money that the U.S. Government is fraudulently borrowing from the future Americans is increasing on an exponential trajectory so Americans will get richer faster and faster and the global economy will get stronger faster and faster!


We live in a wonderful fantasy world created by a classic Ponzi scheme! That is until USAPonzi implodes! Then we will all have hell to pay!


This party will come to an abrupt end when somebody in Washington finally figures out that the future Americans do not have $112.5 Trillion!

 

National Debt 
$21.0 Trillion 
Cash Deficit in FY2018  
$0.73 Trillion 
GAAP Deficit in FY2018  
$5.99 Trillion 
US Unfunded Future Liabilities 
$91.5 Trillion 
US Unfunded Liabilities (GAAP) 
 $112.5 Trillion 
imaginary-counterfeit money 
$112.5 Trillion 
Total National Assets  $137.4 Trillion 

Source: www.usdebtclock.org March 23, 2018


This problem can only be equitably resolved by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government. In order to create a level economic playing field throughout the planet, the U.S. Government must eliminate this fraud and corruption.


You can learn more about this fraud/Ponzi scheme by reading my websites www.usaponzi.net and www.usaponzi.com or my books “USAPonzi”, “USAPonzi2”, and “USAPonzi3” which are available on Amazon and also on my  www.usaponzi.net website in Kindle and PDF formats.


This is the biggest ($112.5 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