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

Inheriting Great Wealth from our Kids!
July 2, 2017    Emailed to WSJ/NYT/DMN on 7/2/17


The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains how the U.S. Government is using a fraudulent fiscal policy and accounting system so that we can "Inherit Great Wealth from our Kids"!


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".


Inheriting Great Wealth from our Kids!
July 2, 2017


The upper-class Americans are getting rich by borrowing money from our kids! $106.7 Trillion so far!


We all know that one of the most effective ways to get rich is to be born with rich and generous parents! The only problem with this approach for getting rich is that we do not get to pick our parents!


The U.S. Government came up with a technique, the Unified Budget, in January of 1968 that would be much more certain and predictable for making the U.S. upper class rich; use a fraudulent fiscal policy and accounting system so that the U.S. upper class can "inherit" great wealth from our kids.


The U.S. Government is operating with Cash Accounting rather than the proper GAAP Accounting and as a result is dramatically undertaxing the U.S. upper class to make them very rich! The U.S. Government has deferred $106.7 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to our kids so that the U.S. upper class can "inherit" $106.7 Trillion from our kids! This fiscal and accounting fraud has produced a classic Ponzi scheme that I call USAPonzi.


The only problem with this approach for getting rich is that our kids do not have $106.7 Trillion so this "great wealth" is fake money, I call it imaginary-counterfeit money.


The U.S. Government is committing fiscal and accounting fraud to enrich the U.S. upper class by undertaxing them by $106.7 Trillion!


We must re-establish integrity within the U.S. Government! We must have Truth in the U.S. Government! The U.S. Government must start operating with an honest fiscal policy and accounting system!


National Debt    $20.0 Trillion 
Cash Deficit in FY2017  $0.57 Trillion 
GAAP Deficit in FY2017 
$5.55 Trillion 
US Unfunded Future Liabilities  $86.7 Trillion 
US Unfunded Liabilities (GAAP)  $106.7 Trillion 
Imaginary-Counterfeit Money 
$106.7 Trillion 
Total National Assets 

$132.0 Trillion 

Source: www.usdebtclock.org Jul 2, 2017


This U.S. Government fraud can only be equitably eliminated by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government.


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 is the biggest ($106.7 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and it is "The Biggest Ponzi Scheme on the Planet"!


John W. White

Plano, TX