The Imaginary USAPonzi Military 180312
March 12, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 3/12/18
The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post”, and “The Dallas Morning News” which explains how the U.S. military capability has been dramatically over built because of the U.S. Government fiscal and accounting fraud that I call USAPonzi. This is happening because the U.S. Government is not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting)!
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!
The Imaginary USAPonzi Military 180312
March 12, 2018
The corrupt and criminal U.S. Government has committed a $112.4 Trillion criminal act!
In this commentary, I will explain how the U.S. Government is spending far more than we can afford on the U.S. military. This is happening because the U.S. Government is committing fiscal and accounting fraud! The U.S. Government is not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting).
The United States of America appears to be the wealthiest and most prosperous country on the planet and appears to have the most powerful military force on the planet because the corrupt and criminal U.S. Government is borrowing money, $112.4 Trillion so far, from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class!
Because the U.S. Government is not operating its fiscal policy according to GAAP Accounting, the U.S. upper class is being colossally undertaxed and the global economy is being radically stimulated with GAAP basis deficit spending. The U.S. Government is incurring a GAAP basis deficit in FY2018 of $5.99 Trillion but is reporting a Cash basis deficit in FY2018 of $0.72 Trillion! Further, the U.S. Government is pretending like the future Americans will some day be able to pay $112.4 Trillion of public liabilities (US Unfunded Liabilities (GAAP)).
The corrupt and criminal U.S. Government has created $112.4 Trillion of imaginary-counterfeit money out of “thin air” by pretending to borrow it from the future Americans! The U.S. Government has given this $112.4 Trillion to the U.S. upper class! The U.S. Government has then taxed and/or borrowed money from the fraudulently wealthy U.S. upper class to build the most powerful military force ever assembled!
This is a $112.4 Trillion Ponzi scheme!
This is a $112.4 Trillion fraud!
The United States of America has been using fiscal and accounting fraud to fraudulently dominate planet earth financially, economically, politically, and militarily for the last 49 years!
The U.S. military has been paid for with $112.4 Trillion of imaginary-counterfeit money that the corrupt and criminal U.S. Government has fraudulently borrowed from the future Americans!
This fraud has also provided the funds for our friends and our foes to fund their military capability. Americans are using imaginary-counterfeit money to buy things, most notably oil and gas, that both our allies and our foes can then use to buy and build their military equipment! The corrupt and criminal U.S. Government is printing an unending supply of imaginary-counterfeit money that can be used to finance terrorist activity and warring capability!
$112.4 Trillion of imaginary-counterfeit money can buy a lot of stuff including a lot of guns and bombs!
The irony is that we are trying to restrict North Korea's ability to become a nuclear power by imposing economic sanctions on them when America has become the dominate nuclear power on the planet by printing $112.4 Trillion of imaginary-counterfeit money to finance our own nuclear arsenal!
I predict that when the U.S. Government eliminates this fiscal and accounting fraud, we will have less warring and terrorist activity on planet earth! $112.4 Trillion, and growing, of imaginary-counterfeit money can buy a lot of guns and bombs for both terrorists and countries! With the current U.S. Government fiscal policy, we can have an infinite amount of guns and bombs for both the good guys and the bad guys!
And it is becoming harder and harder to tell the good guys from the bad guys! With less bombs and guns, hopefully we will have a lot more good guys!
The U.S. Government launched this massive fraud/Ponzi scheme in FY1969 when LBJ proposed and the U.S. Congress approved the Unified Budget! I call this fraud/Ponzi scheme USAPonzi and it has been operating for the last 49 years!
The inequity of this U.S. Government fraud is explained in my Mar 8, 2018 commentary US Debt-Liabilities-Assets from $112.3T Fraud.
The corrupt and criminal U.S. Government is being run by either a bunch of fools or a bunch of criminals! Take your pick!
The “news media” is aiding and abetting this $112.4 Trillion criminal act by the U.S. Government by refusing to expose this fiscal and accounting fraud!
|Cash Deficit in FY2018
|GAAP Deficit in FY2018
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org Mar 12, 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 ($112.4 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.
John W. White