USAPonzi-The Biggest Ponzi Scheme on the Planet-The U.S. Government

                    Copyright Declaration                                                                                                                                       John W. White    March 29, 2013

Life Extension of USAPonzi 200718
July 18, 2020
Emailed to The United Nations, Fed Chair Jay Powell, St Louis Fed President James Bullard, 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, and NYT/WSJ/WP/DMN/CNBC on 7/19/20.

The corrupt and criminal U.S. Government is fraudulently extending the life of the U.S. upper class by lying to and cheating the U.S. general public!

The U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that has fraudulently enriched the U.S. upper class by $153.3 Trillion! This fraudulent enrichment is explained in my Enriching the U.S. Upper Class commentary and this enrichment is increasing exponentially! The $153.3 Trillion (US Unfunded Liabilities (GAAP)) was sourced from on July 18, 2020

The fraudulently enriched upper class, having been given $153.3 Trillion, can now afford living conditions and health care treatments that are out of the financial reach of the middle class and totally unthinkable for the lower class!

In this commentary, I will touch on a very sensitive subject, life extension, but a subject that has to be recognized as one of the dramatically inequitable byproducts of the U.S. Government accounting fraud that I call USAPonzi! I contend that the widening of the wealth and income gap in America is causing a widening in the life expectancy gap between the highest and lowest income earners!

The Association Between Income and Life Expectancy in the United States, 2001–2014 (NCBI)
Published in final edited form as:
JAMA. 2016 Apr 26; 315(16): 1750–1766

The life expectancy of the highest income earners is significantly higher than that of the lowest income earners! The data presented below was reported by the National Center for Biotechnology Information (NCBI).

Life Expectancy difference in 2014 between
Top 1% income and Bottom 1% income

Men  14.6 years 
Women  10.1 years 


And the life expectancy gap between top earners and the bottom earners is continuing to widen. The life expectancy for the top earners continues to go up while the bottom earners see very little change!

Change in Life Expectancy 2001 to 2014

Men  Women 
Top 5% income  2.34 years  2.91 years 
Bottom 5% income  0.32 years  0.04 years 

The corrupt U.S. Government is promising future benefits to the U.S. general public but is not taxing the U.S. upper class to fund these future benefits. The U.S. upper class is getting rich and the U.S. general public is getting cheated!

One of the fundamental reasons for establishing the U.S. Government sponsored benefits that we have in place today is the recognition that oftentimes people do not have the ability to take care of themselves financially. These U.S. Government benefits are a socially responsible and desirable position for the U.S. Government to assume!

However, the U.S. Government has made financial commitments for these government benefits that the economy cannot support! The U.S. Government is not operating with a fiscal policy and accounting system that properly assesses and reports what benefits are sustainable and supportable! The U.S. Government is not using proper GAAP Accounting!

This has caused us to commit more resources to pensions, veteran's benefits, social security, and health care than we can afford. Still, each segment of the benefiting population can make rational and heart-wrenching pleas as to why they deserve more resources to support their life style!

By not using proper GAAP Accounting to assess and report what is affordable, we have continued to indiscriminately add unaffordable benefits to these benefiting groups!

Now I will commit social heresy and say that we have been unnaturally extending the life span of the general populace and especially the U.S. upper class by committing fiscal and accounting fraud! We are paying, with imaginary-counterfeit money, for cost of living benefits that are unsupportable and for health care services that are totally unaffordable.

The Washington Post

Economic Policy
The stunning — and expanding — gap in life expectancy between the rich and the poor

By Max Ehrenfreund
September 18, 2015 at 10:33 a.m. CDT
Wealthy and middle-class baby boomers can expect to live substantially longer than their parents' generation. Meanwhile, life expectancy for the poor hasn't increased and may even be declining, according to a report published Thursday by several leading economists.
Call it a growing inequality of death — and it means that the poor ultimately may collect less in money from some of the government's safety net programs than the rich.

The wealth and income inequality that is caused by USAPonzi translates into inequality of life expectancy. USAPonzi skews massive wealth and income to U.S. upper class, so far $153.3 Trillion, who then have the financial capability to support much healthier living and working conditions and much more extensive and expensive health care treatments.

Not only are the upper class able to afford much more expensive heatlth care because of this accounting fraud, this fraud is also causing the cost of health care for the middle and lower classes to increase dramatically! This accounting fraud has been causing inflation for the last 51 years (See Inflation-A Byproduct of USAPonzi)!

We are making irrational financial commitments to extend life when they are not supportable and certainly not sustainable. We are pretending to be able to afford these financial commitments by fraudulently borrowing money from the future Americans and giving it to the U.S. upper class

The accounting fraud that I call USAPonzi, appears to almost make this life extension affordable, especially for the U.S. upper class, when it is clearly not affordable.

We are providing comfortable, even in some cases opulent, living accommodations for government workers, government pensioners, veterans, the elderly, the unemployed, and the disabled because of this accounting fraud that are not affordable!

The accounting fraud, that I call USAPonzi, is not fairly allocating resources to the general populace and is causing life extension that is not affordable and is inequitable when we look at the cold, hard facts!

We must start using GAAP Accounting to correct the dramatic inequities of USAPonzi and to limit the financial commitments of the U.S. Government to that which are affordable.

The current fiscal policy of the U.S. Government is irrational, is inequitable, is causing unnatural life extension for the upper class, and is destroying Planet Earth!

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

John W White

Plano, TX