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

Illegal Immigration caused by Fraud
January 15, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 1/15/18


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 illegal immigration into the United States is caused by the fiscal and accounting fraud that I call USAPonzi. This accounting fraud has created an elevated economic system in America that causes illegal immigrants to want to be a part of this fraudulent economic success.


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”!


At some point, when the “news media” fails to follow its ethical responsibility to inform the general public of this U.S. Government fraud, ethical responsibility failure transitions to a criminal act by the “news media” for aiding and abetting the corrupt and criminal U.S. Government!


Illegal Immigration caused by Fraud
January 15, 2018


Illegal Immigration into the United States is caused by accounting fraud!


The U.S. Congress is currently struggling with a new immigration policy which is creating a lot of conflict both within the U.S. Government and throughout America. I contend that most of this immigration policy conflict would be eliminated if the U.S. Government was operating its fiscal policy with an honest accounting system. The U.S. Government is not operating with proper GAAP Accounting! I call this corrupt and fraudulent fiscal policy USAPonzi!


The U.S. Government has been perpetrating a fiscal and accounting fraud since FY1969 that has fraudulently given America a dramatically elevated standard of living. The U.S. Government has fraudulently borrowed/stolen $111.6 Trillion from the future Americans to produce this elevated standard of living, especially for the U.S. upper class. The U.S. Government is printing counterfeit money at the rate of $16.4 Billion a day and handing it out to the U.S. upper class. These illegal immigrants want to come to America and get access to this counterfeit money! The corrupt and criminal U.S. Government has caused people to illegally cross our borders to gain access to this fraudulently elevated economic system.


Illegal immigrants are willing to come to America to perform slave labor for the fraudulently elite Americans!


This accounting fraud has caused inflation, illegal immigration, offshoring, urbanization, joblessness, underemployment, a welfare state, idleness, social isolation, social injustice, class warfare, and a massive wealth and income gap.


I contend that we should not be spending money, money that we do not have, to build a wall to separate the rational and realistic economic environment outside America from the corrupt and fraudulent economic environment inside America. We need to first come to grips with the fraud and corruption within the U.S. Government and then assess what kind of physical barriers make sense for our borders!


As soon as the U.S. Government starts using proper GAAP Accounting, the economic conditions on both sides of the border will be much more similar.


The U.S. Government has fraudulently elevated the standard of living in America by borrowing/stealing $111.6 Trillion from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class!


Illegal immigration into the United States is caused by accounting fraud!

 

National Debt  $20.6 Trillion 
Cash Deficit in FY2018  $0.66 Trillion 
GAAP Deficit in FY2018  $5.98 Trillion 
US Unfunded Future Liabilities  $91.0 Trillion 
US Unfunded Liabilities (GAAP)  $111.6 Trillion 
Imaginary-Counterfeit Money  $111.6 Trillion 
Total National Assets  $134.6 Trillion 

Source: www.usdebtclock.org January 15, 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) and “USAPonzi2” (May 1, 2017) which are available on Amazon to better explain this fraud/Ponzi scheme.


This fraud/Ponzi scheme is also explained in “short story style” in my October 1, 2017 commentary USAPonzi CliffsNotes and in my October 8, 2017 commentary USAPonzi Elevator Speech.


This is the biggest ($111.6 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