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

How Lee Harvey Oswald created ISIS!
November 17, 2015  
As Posted on www.usaponzi.com


As this website has repeatedly stated, the U.S. Government is operating with a Ponzi scheme fiscal policy (USAPonzi) that is creating counterfeit money, counterfeit private wealth, and counterfeit prosperity for U.S. citizens and businesses with massive GAAP basis deficit spending.  By deferring an ever increasing percentage of the cost of operating the U.S. Government to the future U.S. taxpayers, the U.S. Government is handing out counterfeit money to all U.S. citizens and businesses by either overpaying them with social benefits, overpaying them with Government pay, or undertaxing them with GAAP basis deficit spending.  This has created $99.8 Trillion of counterfeit money (reported on www.usdebtclock.org as US Unfunded Liabilities (GAAP)) that makes the people in the U.S. appear rich and prosperous and gives them tremendous buying power.


This counterfeit money has created massive inflation in the price of goods and services and one of these goods is oil.  All of the people in the U.S. can buy oil (and gas) with our counterfeit money supply which is growing exponentially.  It will increase by another $5.9 Trillion in FY2016, our GAAP basis Deficit, so that we and others can buy even more oil, gas, and other stuff.  Some of that other stuff can be instruments of war.


So now let's connect the dots.


Oswald assassinates JFK.


LBJ becomes President.


This gets a scoundrel into the White House.


LBJ spends Billions on the Vietnam War.


LBJ "balances the budget" in FY1969 with the Unified Budget by "borrowing" the money in the social benefit trust funds to pay for the Vietnam War.


The Unified Budget is corrupt and fraudulent by using Cash Accounting rather than GAAP Accounting.


This creates a Ponzi scheme that has now deferred $99.8 Trillion of public liabilities to the future U.S. taxpayers with GAAP basis deficit spending by overspending on a cash basis and by not funding the future social benefit promises.


This creates $99.8 Trillion of counterfeit money but since it is the USA that is producing this counterfeit money the rest of the Planet thinks it must be sound money.


This creates huge buying power for the U.S. citizens and the rest of the planet to buy oil at very high prices.


This transfers massive but counterfeit wealth to the oil producing countries around the world.


ISIS then captures some of the oil wells in Iraq and gets funding from other Middle East oil sources to finance their terrorist activities.


ISIS can now buy instruments of war on the flimsy credit card of the future U.S. taxpayers that currently has an outstanding balance due of $99.8 Trillion.


ISIS is now able to terrorize the "Western World" with weapons and training purchased with counterfeit money that was originally borrowed from the future U.S. taxpayers because Oswald assassinated JFK.


Ponzi schemes can cause severe distortions in our financial system and our economy.  And they can even influence our geopolitical and military behavior.


See The Implosion of USAPonzi for my more detailed prediction of what will happen at "The End Game for USAPonzi".


We have a bunch of Scoundrels, Liars, and Cheaters in the U.S. Government that are responsible for this fraud and corruption and the upper class is no better because they are willing to go along with this fraud and corruption because it is appearing to make them filthy rich with counterfeit money.


Solution

This situation can only be resolved by the U.S. Government adopting GAAP Accounting and committing to a balanced GAAP basis budget.  This will ensure an equitable and sustainable fiscal policy.


The financial data presented in this commentary was sourced from www.usdebtclock.org as of November 17, 2015.