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

Gun Violence enabled by Fraud!
February 20, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 2/20/18


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 U.S. Government fiscal and accounting fraud is enabling “Gun Violence”!


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!


Gun Violence enabled by Fraud!

February 20, 2018


Americans are buying guns with counterfeit money!


The U.S. Government is perpetrating a fiscal and accounting fraud that is digitally printing counterfeit money to fraudulently increase wealth and prosperity in the United States of America! The U.S. Government is not using proper GAAP Accounting and as a result is fraudulently borrowing imaginary-counterfeit money from the future Americans, money that the future Americans do not have, and giving it to the current Americans (See The Concept of Imaginary-Counterfeit Money).


Americans are buying guns, and all kinds of other stuff, with imaginary-counterfeit money!


This fraud has destroyed the correlative relationship between labor and capital. This fraud has allowed the U.S. Government to produce capital (money) without any labor (effort) by Americans. The U.S. Government has fraudulently created $112.1 Trillion of imaginary-counterfeit money with GAAP basis deficit spending and given it to the U.S. upper class! The U.S. Government has fraudulently borrowed $112.1 Trillion from the future Americans, money that the future Americans do not have, and given it to the current Americans, primarily to the U.S. upper class.


The U.S. Government has fraudulently given the current Americans $112.1 Trillion of imaginary-counterfeit money by deferring $112.1 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans!


I contend that this fiscal and accounting fraud is enabling “gun violence”! This fraud has created two significant problems related to “gun violence”:


1) this fraud has provided $112.1 Trillion of counterfeit purchasing power for Americans that has not been “earned”! Americans now have a lot of money to buy things they cannot afford! Some Americans are willing to spend some of this fraudulently obtained imaginary-counterfeit money to purchase guns!


2) this fraud has fraudulently and colossally enriched the elite Americans so that they can bribe the politicians with significant campaign funds. The NRA lobby would not have millions of dollars to influence the political process if the U.S. Government was not digitally printing $112.1 Trillion of imaginary-counterfeit money with fiscal and accounting fraud!


Author's Note: This fraud has also given the U.S. upper class much more power in the political process than the U.S. Common Man because it has given the U.S. upper class $112.1 Trillion to influence/bribe the politicians! Democracy is being compromised by fraud and corruption within the U.S. Government!


If the U.S. Government was using honest accounting, we would be spending our real money much more wisely and we would not have this $112.1 Trillion of imaginary-counterfeit money to buy these guns on a whim and to influence politicians to be opposed to rational gun control laws!


Because the U.S. Government is not using proper and Generally Accepted Accounting Principles (GAAP Accounting), the United States of America is promoting “gun violence” by digitally printing imaginary-counterfeit money that can be used to buy guns and to fund the gun lobby!


GAAP basis deficit spending digitally prints imaginary-counterfeit money!


The U.S. Government is committing a fiscal and accounting fraud that is a classic Ponzi scheme which I have named USAPonzi!


The use of proper accounting will significantly but properly reduce the standard of living in America, but it will also reduce class inequality and cause all of us to spend our precious real dollars much more wisely. When this Ponzi scheme implodes, this imaginary-counterfeit money, currently $112.1 Trillion, will evaporate into the “thin air” from whence it came!


This fraud is in the process of borrowing an infinite amount of imaginary-counterfeit money from the future Americans and giving it to the current Americans! Because of this fraud, Americans will have an infinite amount of imaginary-counterfeit money that they can use to buy whatever they might want, including an infinite amount of guns if they so choose!


Author's Note: This fraud is also super-juicing terrorism and warring at the macro level! The corrupt and criminal U.S. Government is using this imaginary-counterfeit money to finance the mightiest military force ever created. This fraud is also financing our allies' and our foes' military and terrorist capabilities. $112.1 Trillion of imaginary-counterfeit money can buy a lot of guns and bombs! Guns and bombs for us and guns and bombs for our foes!


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

 

National Debt  $20.6 Trillion 
Cash Deficit in FY2018  $0.72 Trillion 
GAAP Deficit in FY2018  $5.98 Trillion 
US Unfunded Future Liabilities  $91.5 Trillion 
US Unfunded Liabilities (GAAP)  $112.1 Trillion 
Imaginary-Counterfeit Money  $112.1 Trillion 
Total National Assets  $135.4 Trillion 

Source: www.usdebtclock.org Feb 20, 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 ($112.1 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