Injustice in America
October 3, 2017 Emailed to WSJ/NYT/DMN on Oct 5, 2017
The following is an Op-Ed to "The Wall Street Journal", "The New York Times" and "The Dallas Morning News" that explains why America is the most unjust ($195 Trillion) country on the planet! The U.S. Government is enriching the U.S. upper class and is cheating the U.S. Common Man!
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"!
Injustice in America
October 3, 2017
The United States of America is the most unjust country on the planet! The U.S. Government is using fiscal and accounting fraud to enrich the U.S. upper class and to cheat the U.S. Common Man!
Pledge of Allegiance
"I pledge allegiance to the Flag of the United States of America, and to the Republic for which it stands, one Nation under God, indivisible, with liberty and justice for all".
This pledge, and the U.S. Government that is charged with upholding this pledge, has lost its meaning due the financial greed that has come to be the primary purpose of our U.S. Government. The U.S. Government is operating with a fiscal policy that is fraudulently borrowing money from the future Americans to enrich themselves and to colossally enrich the U.S. upper class! The U.S. Government has fraudulently borrowed $107.7 Trillion from the future Americans and given it to the U.S. upper class.
"The land of the free and the home of the brave" has become dominated by a corrupt U.S. Government that is being run by a bunch of common criminals whose primary objective is to get elected and re-elected so that they can enrich themselves and their upper-class friends!
In January of 1968, this pledge of justice for all was abandoned when the U.S. Congress adopted the Unified Budget. The fiscal policy, that was introduced by the Unified Budget, is based on Cash Accounting rather than the proper GAAP Accounting which has created massive social injustice.
The Unified Budget has produced a fiscal and accounting fraud that is being perpetrated by the U.S. Government! By not operating with proper GAAP Accounting, the U.S. Government has incurred public liabilities of $107.7 Trillion (US Unfunded Liabilities (GAAP)). The U.S. Government is operating a $107.7 Trillion Ponzi scheme that I have named USAPonzi!
The U.S. Government has borrowed $107.7 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class by undertaxing them! What is just about giving the U.S. upper class $107.7 Trillion?
The U.S. Government has made benefit promises to the U.S. Common Man that are now underfunded by $87.5 Trillion (US Unfunded Future Liabilities)! What is just about promising benefits to the U.S. Common Man, borrowing and spending the money paid in by the U.S. Common Man to pay for these future benefits, and then underfunding these future benefits by $87.5 Trillion?
The U.S. Government has overpaid itself by borrowing $20.2 Trillion (National Debt) from the now fraudulently enriched U.S. upper class! What is just about overpaying yourself by fraudulently borrowing $20.2 Trillion from the fraudulently enriched U.S. upper class who gained their wealth because the U.S. Government fraudulently gave them $107.7 Trillion by fraudulently borrowing $107.7 Trillion from the future Americans that cannot afford to pay for the U.S. Government current year GAAP basis deficit spending of $5.50 Trillion that the U.S. Government attempts to conceal by reporting its financial condition on a Cash Accounting basis!
We have a serious fiscal irresponsibility problem in Washington, DC!
The United States of America appears to be the wealthiest and most prosperous country on the planet only because the U.S. Government is perpetrating a $107.7 Trillion fiscal and accounting fraud!
The U.S. Government is fraudulently enriching the U.S. upper class by $107.7 Trillion by fraudulently borrowing money from the future Americans, is cheating the U.S. Common Man by underfunding their benefit promises by $87.5 Trillion, and is overpaying themselves by fraudulently borrowing $20.2 Trillion from the fraudulently enriched U.S. upper class (See Social Injustice of $195 Trillion)!
This is injustice at the highest level ($195 Trillion) known to man!
The U.S. Government is enriching the U.S. upper class, is enriching itself, and is ripping off the U.S. Common Man and the rest of the planet!
The U.S. Government needs to take a sober look at The Constitution of the United States of America and The Pledge of Allegiance to the American Flag!
Justice must be restored to the United States of America!
The U.S. Government is corrupt! The U.S. Government is running a $107.7 Trillion Ponzi scheme. The U.S. Government is being run by a bunch of common criminals!
|Cash Deficit in FY2017
|GAAP Deficit in FY2017
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org Oct 3, 2017
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 is the biggest ($107.7 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.
John W. White