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

Janet Yellen apparently has NO CLUE!
June 29, 2017    Emailed to the WSJ/NYT/DMN on June 29, 2017


The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains why Janet Yellen apparently has no clue that we are on the brink of the biggest economic and financial system crisis since "The Great Depression"!


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".


Janet Yellen apparently has NO CLUE!

June 29, 2017


Janet Yellen apparently has no clue that we are on the brink of the biggest economic and financial system crisis since "The Great Depression"!


Yellen: Banks 'very much stronger'; another financial crisis not likely 'in our lifetime'
Fed Chair Janet Yellen said the banking system is "very much stronger" due to Fed supervision and higher capital levels.
Yellen also predicted that because of the measures the Fed has taken, another financial crisis is unlikely "in our lifetime."
Jeff Cox | @JeffCoxCNBCcom
Tuesday, 27 Jun 2017 | 1:51 PM ET


Janet Yellen made the above claim in a speech in London on June 27, 2017!


Based on this statement, I can only assume that Janet Yellen, the U.S. Chief Economist and Chairman of the Federal Reserve Bank, has no clue that the U.S. Government is corrupt!


Based on this statement, I can only assume that Janet Yellen, the U.S. Chief Economist and Chairman of the Federal Reserve Bank, has no clue that the U.S. Government is using fraudulent accounting!


Based on this statement, I can only assume that Janet Yellen, the U.S. Chief Economist and Chairman of the Federal Reserve Bank, has no clue that the U.S. Government is operating a $106.6 Trillion Ponzi scheme! I call this Ponzi scheme
USAPonzi.


Because of this fraud, the U.S. Government has created the biggest financial bubble in history, $106.6 Trillion, which in turn has created financial bubbles in essentially all asset classes, most notably in the Stock Market and Real Estate (See Why Stocks and Real Estate prices go up).


How is it possible that the U.S. Chief Economist cannot see that we are on the brink of what could be the biggest economic depression and financial system collapse in the history of the planet and she is patting herself on the back for protecting the planet from a financial crisis for the rest of our lifetime.


Something is wrong with this picture!


The U.S. Government is committing fiscal and accounting fraud by operating with Cash Accounting rather than the proper GAAP Accounting. This fraud is enriching the U.S. upper class by $106.6 Trillion. This fraud is cheating the U.S. Common Man by underfunding U.S. Government benefit promises to the U.S. Common Man by $86.6 Trillion. This fraud is cheating the rest of the planet by fraudulently borrowing $106.6 Trillion from the future Americans so that the current Americans buy stuff with this fraudulently borrowed money.


This fraud will likely produce the biggest economic depression since "The Great Depression" when USAPonzi implodes. I predict that the implosion of USAPonzi will cause the failure of most of the banks in the United States. And just yesterday, it was announced that essentially all major banks passed the Federal Reserve stress tests with flying colors!


Something is wrong with this picture!


I contend that "Janet Yellen has NO CLUE of what is happening in our economy and our financial system"! We definitely need a new Chairman of the Fed (See Yellen: Liar or Fool?)! I now know that Janet Yellen has been fooled!


We are living in Ponzi economy that has introduced $106.6 Trillion of imaginary-counterfeit money into the global financial system and has fraudulently given this $106.6 Trillion to the U.S. upper class.



National Debt  $20.0 Trillion 
Cash Deficit in FY2017  $0.57 Trillion 
GAAP Deficit in FY2017 
$5.55 Trillion 
US Unfunded Future Liabilities  $86.6 Trillion 
US Unfunded Liabilities (GAAP)  $106.6 Trillion 
Imaginary-Counterfeit Money 
$106.6 Trillion 
Total National Assets 

$132.0 Trillion 

Source: www.usdebtclock.org Jun 29, 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 ($106.6 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