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

Inverting the Global Monetary System-current 
July 1, 2019


The U.S. Government is corrupt!


The corrupt and criminal U.S Government has inverted the global monetary system by fraudulently borrowing money from the future Americans and giving it to the U.S. upper class. The global economy is now operating on what is currently $124.7 Trillion of fraudulently borrowed money!


The U.S. upper class is getting rich because the U.S. Government is printing counterfeit money! The corrupt and criminal U.S. Government is printing counterfeit money by fraudulently borrowing it from the future Americans!


The corrupt and criminal U.S. Government has already fraudulently borrowed $124.7 Trillion of 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 $16.8 Billion more counterfeit money from the future Americans every day to further enrich the U.S. upper class!


In January of 1968, the U.S. Government 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 U.S. Government
  fraudulently borrowing it from the future Americans.


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


The corrupt and criminal U.S. Government is committing a fiscal and accounting fraud that is in the process of printing an unending and ever-increasing (infinite) amount of imaginary-counterfeit money by continuously and fraudulently borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!


Because the U.S. Government has fraudulently invented 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 U.S. Government likes to imagine that the future Americans will one day find an infinite pot of gold at the end of the rainbow!


The U.S. Government is committing a fiscal and accounting fraud, I call it USAPonzi, because the U.S. Government is not operating its fiscal policy with proper GAAP Accounting (Generally Accepted Accounting Principles)! The U.S. Government is not properly accruing the money to pay for future U.S. Government benefit promises!


The U.S. Government is running a classic Ponzi scheme (USAPonzi) that is fraudulently borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class!


The U.S. Government is creating infinite counterfeit wealth and prosperity in America by printing an infinite amount of imaginary-counterfeit money!


The U.S. Government prints this counterfeit money by paying U.S. Government benefits to the U.S. general public but not taxing the U.S. upper class enough to pay for these benefits!


If the U.S. Government was operating its fiscal policy with proper GAAP Accounting, it would know that it is borrowing money from the future Americans that the future Americans do not have! GAAP Accounting keeps track of how much money the U.S. Government is borrowing from the future Americans with a measurement parameter that www.usdebtclock.org calls US Unfunded Liabilities (GAAP) which is the sum of the National Debt and the US Unfunded Future Liabilities!


The global monetary system now contains a lot more imaginary-counterfeit money than real money! According to www.usdebtclock.org, Americans have Total National Assets (private net worth of all Americans and American businesses) of $153.1 Trillion but $124.7 Trillion of that is the imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans and given it to the U.S. upper class by undertaxing them!


U.S. net worth ($153.1T) = real money (?) + imaginary-counterfeit money ($124.7T)


real money = $153.1T - $124.7T = $27.5T


Most of the apparent U.S. net worth is imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans!


Let's do a quick calculation to see what percent of American net worth is imaginary-counterfeit money.


Percent of American net worth that is imaginary-counterfeit money = $124.7T/$153.1T = 0.82 = 82%.


The U.S. Government prints this imaginary-counterfeit money by deferring public liabilities to the future Americans with GAAP basis deficit spending! The current U.S. Government fiscal policy, I call it USAPonzi, is in the process of printing an infinite amount of imaginary-counterfeit money simply by fraudulently borrowing it from the future Americans and giving it to the U.S. upper class by undertaxing them!


The U.S. upper class gets essentially all of this imaginary-counterfeit money because they are being undertaxed by the U.S. Government.


This is what is creating the wealth and income gap in America! The U.S. upper class is acquiring infinite imaginary-counterfeit wealth by the U.S. Government screwing the U.S. general public!


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


The U.S. general public has to work for a living to earn real money while the U.S. upper class is getting richer and richer every day with imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans!


The U.S. upper class has so much imaginary-counterfeit money they will tear down a big house so they can build a bigger house in the nicest locations!


Since the U.S. general public has to use real money earned by the “sweat of their brow”, they oftentimes cannot afford even modest living accommodations in these nicest locations!


The corrupt and criminal U.S. Government is enriching the U.S. upper class by borrowing imaginary-counterfeit money from the future Americans by promising the U.S. general public future benefits that it is not funding!


The corrupt and criminal U.S. Government is enriching the rich and cheating the poor by committing fiscal and accounting fraud!


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 U.S. Government is fraudulently borrowing from the future Americans and giving to the U.S. upper class by undertaxing them!


This imaginary-counterfeit money, currently $124.7 Trillion, will evaporate into the “thin air” from whence it came when USAPonzi implodes!

 

National Debt   $22.4 Trillion  
Cash Deficit in FY2019   $1.01 Trillion  
GAAP Deficit in FY2019   $6.12 Trillion  
US Unfunded Future Liabilities   $102.3 Trillion  
US Unfunded Liabilities (GAAP)   $124.7 Trillion  
Imaginary-Counterfeit Money   $124.7 Trillion  
Total National Assets   $153.1 Trillion  

Source: www.usdebtclock.org July 1, 2019


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!


You can learn more about this fraud/Ponzi scheme by reading my websites www.usaponzi.net and www.usaponzi.com or better yet by reading my fifth book on USAPonzi “USAPonziB which is available on Amazon and also on my websites in Kindle and PDF formats.


This is the biggest ($124.7 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud and “The Biggest Ponzi Scheme on the Planet”!


John W. White
Plano, TX