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

Lebron James is Rich King James by Fraud 180703
July 3, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 7/3/18


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post”, and “The Dallas Morning News” that explains why Lebron James is Rich King James by Fraud!


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 “colossally feather the nests of their upper-class friends”! The U.S. Government is not using proper accrual accounting!


The “news media” is aiding and abetting the corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud!


Lebron James is Rich King James by Fraud 180703

July 3, 2018


Lebron James is projected to be the highest paid NBA player in history with career earnings of $387.2 Million simply because the U.S. Government is corrupt! The U.S. Government is printing monopoly money, $113.8 Trillion so far, so that the U.S. upper class can get filthy rich and Lebron James can make $35-40 Million a year playing basketball!


Lebron James
is a great basketball player, surely one of the greatest of all time but he is being paid big bucks because the U.S. Government is committing fiscal and accounting fraud!


Lebron James
just signed a $154 Million 4-year contract with the Los Angeles Lakers! Lebron James has a $23 Million house in Los Angeles! Lebron James has earned or has the potential to earn $1 Billion in endorsements!


All of this has been made possible by U.S. Government fiscal and accounting fraud! The U.S. Government is corrupt! The U.S. Government is not operating its fiscal policy with proper accrual accounting (also called GAAP Accounting or Generally Accepted Accounting Principles)!


Because of this fiscal and accounting fraud the U.S. Government has printed $113.8 Trillion of imaginary-counterfeit money by fraudulently borrowing it from the future Americans (US Unfunded Liabilities (GAAP))!


Lebron James is being paid with some of this $113.8 Trillion of imaginary-counterfeit money that the corrupt and criminal U.S. Government has fraudulently borrowed from the future Americans!


Lebron James has become rich King James simply because the U.S. Government is corrupt!


If Lebron James was being paid with real money rather than this imaginary-counterfeit money, he would be making $Thousands rather than $Millions!


The U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that has printed $113.8 Trillion of imaginary-counterfeit money and Lebron is being paid with this monopoly money!


When USAPonzi implodes, Lebron James will be broke!


When USAPonzi implodes, Lebron James' $23 Million house in Los Angeles will be a ghost mansion!


When USAPonzi implodes, Lebron James' $1 Billion of endorsements will evaporate into the “thin air” from whence it came!


Lebron James, along with millions of other Americans, thinks he is rich but it is all a hoax perpetrated by a corrupt and criminal U.S. Government!


The corrupt and criminal U.S. Government has created $113.8 Trillion of imaginary-counterfeit wealth for the U.S. upper class by “Cooking the Books”!


The U.S. Government is corrupt!


The senior officials of the U.S. Government are common criminals that have committed a $113.8 Trillion criminal act by not using proper accrual accounting! The senior officials of the U.S. Government are common criminals because they are direct financial beneficiaries of this massive fraud!


We have 535 criminals in the U.S. Congress and an untold number of criminals in the White House!


This fraud is explained in more detail in my Open Letter to Planet Earth and my Open Letter to US General Public!


To eliminate this massive fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget. GAAP Accounting (Generally Accepted Accounting Principles) is the commonly used name in America for the accounting guidelines for accrual accounting.

 

National Debt   $21.2 Trillion  
Cash Deficit in FY2018   $0.78 Trillion  
GAAP Deficit in FY2018   $6.03 Trillion  
US Unfunded Future Liabilities   $92.6 Trillion  
US Unfunded Liabilities (GAAP)   $113.8 Trillion  
Imaginary-Counterfeit Money   $113.8 Trillion  
Total National Assets   $137.4 Trillion  

Source: www.usdebtclock.org Jul 3, 2018


This fraud/Ponzi scheme (USAPonzi) is explained in much more detail on my websites www.usaponzi.net and www.usaponzi.com and in my books “USAPonzi”, “USAPonzi2”, and “USAPonzi3”!


This is the biggest ($113.8 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