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

Legacy West and Toyota Debacles 180813
August 13, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 8/13/18


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 “The Dallas Morning News” is printing fake news by hyping the “Legacy West and Toyota Debacles” as amazing successes! The Dallas Morning News refuses to report the truth about the fiscal and accounting fraud by the U.S. Government that has caused these financial debacles!


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!


Legacy West and Toyota Debacles 180813

August 13, 2018


The Dallas Morning News is reporting fake news!


To The Dallas Morning News
     Steve Brown Real Estate Editor
     Jill Cowan Staff Writer
     Grant Moise Publisher
     Keith Campbell Managing Editor


The Dallas Morning News is spreading fake news by hyping the success of economic development in Dallas area when this success(?) is based on accounting fraud by the U.S. Government! I have sent numerous Op-Eds to the Morning News over the last four years that explain how this accounting fraud is causing us to make some really bad financial decisions!


We have got to expose and stop this fraud so that we do not continue these foolish development projects! These projects are building massive monuments to the corruption within the U.S. Government that has been operating for the last
49 years!


The U.S. Government is printing imaginary-counterfeit money and giving it to the U.S. upper class so that we can build and buy things that we really cannot afford and sustain! The U.S. Government does this by not using proper GAAP Accounting!


The U.S. Government has fraudulently borrowed $114.3 Trillion from the future Americans and given it to the U.S. upper class to make America appear to be the wealthiest and most prosperous country on the planet! This has created a $114.3 Trillion Ponzi scheme, that I call USAPonzi, that has caused us to make some very dumb investments! The Dallas Morning News Business page this morning features two of these very dumb real estate developments.


Why are these real estate developments dumb? For example, the spectacular Toyota corporate headquarters was mistakenly built because we are buying Toyotas and all kinds of cars with some of this $114.3 Trillion of imaginary-counterfeit money that the corrupt and criminal U.S. Government has fraudulently borrowed from the future Americans! (See The $1B Toyota Debacle)


How do Toyota's toys stack up? DMN Aug 13, 2018


After Legacy West, bigger deal Awaits DMN Aug 13, 2018


Both of these recent development projects will prove to be financial debacles when this U.S. Government fiscal and accounting fraud is exposed!


This U.S. Government fiscal and accounting fraud is explained in my Open Letter to US Government!


The U.S. Government is corrupt!


The senior officials of the U.S. Government are common criminals that have committed a $114.3 Trillion criminal act by not operating its fiscal policy with proper accrual accounting! The senior officials of the U.S. Government are common criminals because they are direct financial beneficiaries of this massive fraud! The corrupt and criminal U.S. Government is overpaying itself with imaginary-counterfeit money!


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


I have sent 14 whistleblower letters to the U.S. Securities and Exchange Commission, a whistleblower letter to every member of the U.S. Congress, and 9 whistleblower letters to each member of the U.S. Supreme Court so that all three branches of the U.S. Government would be informed of this massive fraud!


I have also sent over 200 Op-Eds to the “mainstream media” in an attempt to expose this massive fraud to the citizens of Planet Earth! None of these Op-Ed candidates have been published!


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


I have presented specific fraud charges against the U.S. Government in my Fraud Charges against U.S. Government commentary!


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   $21.3 Trillion  
Cash Deficit in FY2018   $0.80 Trillion  
GAAP Deficit in FY2018   $6.04 Trillion  
US Unfunded Future Liabilities   $93.0 Trillion  
US Unfunded Liabilities (GAAP)   $114.3 Trillion  
Imaginary-Counterfeit Money   $114.3 Trillion  
Total National Assets   $137.8 Trillion  

Source: www.usdebtclock.org Aug 13, 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” 11/22/15, “USAPonzi2” 5/1/17, and “USAPonzi3” 2/1/18! Each of these books have updates that I made every few days until the next book was published. I have published over 638 commentaries since March 29, 2013 in an attempt to explain and expose this U.S. Government fraud!


This is the biggest ($114.3 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