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

Inverting the Global Monetary System 201019 
October 19, 2020
Emailed to United Nations, Fed Chair Jay Powell, Minneapolis Fed President Neel Kashkari, Dallas Fed President Robert Kaplan, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, The U.S. SEC, NYT/WSJ/WP/CNBC/DMN on 10/19/20


I am a whistleblower! The U.S. Government is corrupt!


The corrupt U.S. Government has inverted the global monetary system because we are now operating the global economy predominantly on fraudulently borrowed money!


The global economy is now operating on $155.0 Trillion of counterfeit money that the corrupt U.S. Government has fraudulently borrowed from the future Americans and is borrowing $20.0 Billion more counterfeit money every day! The corrupt U.S. Government is giving this counterfeit money to the U.S. upper class by undertaxing them!


The corrupt U.S. Government has inverted the global monetary system by using fraudulent accounting! Instead of operating the global economy with real money that has been earned by performing a valued task or producing a valued product, we are buying and selling stuff with counterfeit money that the corrupt U.S. Government has fraudulently borrowed from the future Americans!


The corrupt U.S. Government is not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting) and as a result is not accruing the money to pay future U.S. Government benefits! The corrupt U.S. Government is being run by common criminals that have committed a $155.0 Trillion crime by fraudulently borrowing $155.0 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and giving it to the U.S. upper class!


The U.S. upper class is getting rich because the corrupt U.S. Government is not accruing for future U.S. Government benefit promises to the U.S. general public!


The U.S. general public is getting cheated because the corrupt U.S. Government is not accruing for future U.S. Government benefit promises to the U.S. general public!


The rest of the planet is getting cheated because Americans are buying stuff with counterfeit money that the corrupt U.S. Government has fraudulently borrowed from the future Americans!


The corrupt U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is in the process of fraudulently borrowing an infinite amount of money, I call it imaginary-counterfeit money, from the future Americans  and giving it to the U.S. upper class by undertaxing them!


The fiscal policy of the corrupt U.S. Government is patently absurd!


The current fiscal policy of the corrupt U.S. Government is akin to playing an NFL football game with the rules for ping pong!


The corrupt and criminal U.S. Government has already fraudulently borrowed $155.0 Trillion of imaginary-counterfeit money from the future Americans and given it to the U.S. upper class! The corrupt and criminal U.S. Government is fraudulently borrowing $20.0 Billion more imaginary-counterfeit money from the future Americans every day to further enrich the U.S. upper class! (GAAP Deficit in FY2021 = $7.30T/365 days = $20.0B/day)


In January of 1968, the U.S. Government adopted the Unified Budget that consolidated all U.S. Government revenue and spending into one budget but did not switch from Cash Accounting to GAAP Accounting (accrual accounting). This means that for the last 51 years the corrupt U.S. Government has not been accruing the money to pay for future U.S. Government benefit promises! The U.S. upper class is getting rich and the U.S. general public is getting screwed because the corrupt U.S. Government is deferring public liabilities to the future Americans!


The corrupt U.S. Government has inverted the global monetary system by creating a second currency for use by upper-class Americans, the imaginary-counterfeit dollar! The dollar, which now must be thought of as the real dollar, is money that is earned by performing a valued task or producing a valued product. The imaginary-counterfeit dollar is produced by the corrupt U.S. Government
  fraudulently borrowing it from the future Americans!


See my February 9, 2017 commentary Two classes of people-Two kinds of money!


Because the U.S. Government has fraudulently created this infinite supply of imaginary-counterfeit money, the planet is buying, building, and operating an infinite number of environment-polluting physical objects that are causing Global Warming which is Destroying Planet Earth!


The future Americans have an unlimited supply of imaginary-counterfeit money because the corrupt U.S. Government likes to pretend (imagine) that the future Americans will someday find an infinite pot of gold at the end of the rainbow!


The corrupt and criminal U.S. Government has created $154.6 Trillion of imaginary-counterfeit wealth out of “thin air” (Total National Assets = $154.6T) by fraudulently borrowing $155.0 Trillion (US Unfunded Liabilities (GAAP) = $155.0T) from the future Americans and giving it to the U.S. upper class!


The corrupt and criminal U.S. Government has ripped off the U.S. general public by promising them, but not accruing for, $127.9 Trillion (US Unfunded Future Liabilities = $127.9T) of future U.S. Government benefits!


The corrupt and criminal U.S. Government has given the U.S. upper class $155.0 Trillion of monopoly money by hoodwinking the U.S. general public into thinking they are going to get paid $127.9 Trillion sometime in the future!


This is the nature of a Ponzi scheme, enrich the early and informed participants in the scheme by promising the late and uninformed participants in the scheme that they are going to get paid a lot of money sometime in the future!


The U.S. general public is going to be “MAD AS HELL” at the corrupt U.S. Government when they find out that the corrupt and criminal U.S. Government has been intentionally cheating them for 51 years so that it can enrich its upper-class friends!


The corrupt and criminal U.S. Government has inverted the global monetary system by printing an infinite amount of imaginary-counterfeit money and giving it to its upper-class friends! Rather than buying stuff with earned income, Americans are buying stuff with monopoly money that the corrupt and criminal U.S. Government is fraudulently borrowed from the future Americans!


This fiscal and accounting fraud that I call USAPonzi is creating the wealth and income gap in America! The U.S. upper class is acquiring infinite imaginary-counterfeit wealth because the corrupt U.S. Government is cheating the U.S. general public!


The corrupt and criminal U.S. Government is enriching the 1% by cheating the 99%!


The corrupt and criminal U.S. Government has inverted the global monetary system by creating a second currency that I call imaginary-counterfeit money, that the corrupt U.S. Government is fraudulently borrowing from the future Americans and giving to the U.S. upper class by undertaxing them!


The entire planet seems to have been fooled by this $155.0 Trillion U.S. Government fiscal and accounting fraud that I call USAPonzi!


This imaginary-counterfeit money, currently $155.0 Trillion, will evaporate into the “thin air” from whence it came when USAPonzi implodes!


My Quintet of Global Crises commentary explains how this accounting fraud has caused three global crises (Social Injustice, Global Warming, and The Coronavirus Pandemic) and will cause at least two more global crises (The Hunger Pandemic and The Greatest Depression)!


 

US National Debt  $27.1 Trillion 
Cash Deficit in FY2021  $3.16 Trillion 
*GAAP Deficit in FY2021  $7.30 Trillion 
US Unfunded Future Liabilities  $127.9 Trillion 
US Unfunded Liabilities (GAAP)  $155.0 Trillion 
Imaginary-Counterfeit Money  $155.0 Trillion 
US Total National Assets  $154.6 Trillion 

Source: www.usdebtclock.org October 19, 2020
*GAAP Deficit-current


This accounting 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 written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain this fraud and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can be downloaded from my www.usaponzi.net website.


John W. White
Plano, TX