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

                    Copyright Declaration                                                                                                                                       John W. White    March 29, 2013

Lollapalooza Created by Oswald 210801
August 1, 2021
Emailed to United Nations, Fed Chair Jay Powell, 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, NYT/WSJ/WP/CNBC/DMN on 8/1/21


The Lollapalooza music festival was created by Lee Harvey Oswald!


This is a commentary based on fact with the hint of an underlying conspiracy theory!


Time
Entertainment - Music

‘The Ripple Effect Is a Major Concern.’
Chicagoans Worry Lollapalooza May Become a COVID-19 Hotspot


BY ANDREW R. CHOW 
JULY 30, 2021


When music fan Noah Zelinsky bought tickets to the Chicago music festival Lollapalooza in May, he thought it might signal something of a return to normalcy after more than a year of isolation. “There’s so much pent up excitement, being the first major thing back,” he says. But a lot can change in two months. “Now, there’s a lot of fear countering that.”


As Lollapalooza arrives, along with its potentially hundreds of thousands of attendees, in Grant Park, worrying signs abound: the highly contagious Delta variant of the coronavirus has spread across the U.S., with Chicago’s COVID-19 daily case rate quintuple what it was a month ago, albeit nowhere near the heights of this spring. And recent music festivals, including the Verknipt festival in Utrecht, Netherlands, and Rolling Loud in Miami, have been connected to outbreaks among their attendees and surrounding communities. Whether or not Lollapalooza, which runs from July 29 through Aug. 1, succeeds in holding COVID-19 at bay could make the festival a tipping point in whether or not the country’s triumphant reopening continues as planned throughout the summer and fall.


This music festival was paid for by U.S. Government fraud!


The fact is that the U.S. Government fiscal and accounting fraud, that I call USAPonzi, has printed $154.4 Trillion of counterfeit money so concert goers can pay outrageous prices for tickets that in turn pay outrageous compensation to the entertainers! Lollapalooza can attract many famous artists which has caused hundreds of thousands of people to congregate in a relatively small space for a four-day music festival simply because the U.S. Government is printing counterfeit money!


The corrupt U.S. Government has created $154.4 Trillion of counterfeit money out of “thin air” by borrowing it from the future Americans so we can pay the artists
millions and so the concert goers can buy their tickets and pay for their travel without “earning” a single penny!


That is the fact part of this commentary!


The conspiracy theory part of this commentary is that whoever was responsible for the assassination of John Fitzgerald Kennedy by Lee Harvey Oswald must have had the intent of getting Lyndon Baines Johnson into the White House! Lyndon Baines Johnson was a scoundrel who intentionally proposed a fraudulent fiscal policy, called the Unified Budget, to pay for his outrageous spending on the Vietnam War!


LBJ convinced the U.S. Congress that he could balance the budget for his last year in office if he could just borrow the money in the U.S. Government benefit programs to pay for the Vietnam War debt! The U.S. Congress fell for this story, or maybe they were co-conspirators in this plot, and for the last 52 years the U.S. Government has been borrowing money from the future Americans and giving it to the U.S. upper class so we can do things like going to the Lollapalooza music festival without having to pay for them!


Some people now have concerns that this congregation of so many festival goers could cause the further spread of Covid-19 virus!


However, it is my contention that this U.S. Government fccounting fraud that I call USAPonzi is causing the Coronavirus Pandemic! Since Americans can live on the infinite stream of counterfeit money that is produced by this fraud, they do not have to work and can live closer and closer together which creates human and animal petri dishes to produce and distribute germs locally!


This infinite stream of counterfeit money is also funding infinite travel, like going to Lollapalooza, so more and more people can afford to travel without paying for it to almost instantaneously distribute germs globally!


USAPonzi is causing us to live closer and closer together and causing a travel frenzy which has created the conditions to produce the Coronavirus Pandemic!


One can readily observe these closer living conditions by seeing the sprawling housing developments, the luxury high-rise condos, and the massive apartment complexes that have been mistakenly built over the last few decades by this now $154.4 Trillion of counterfeit money that the corrupt U.S. Government has fraudulently borrowed from the future Americans!


Borrowing an infinite amount of money from the future Americans is causing big problems for Planet Earth like Economic Inequality, Global Warming, the Coronavirus Pandemic, the Hunger Pandemic, and The Greatest Depression!


I am a whistleblower! The U.S. Government is corrupt! The corrupt U.S. Government is not operating its fiscal policy with proper accrual accounting!


The corrupt U.S. Government is promising and paying benefits to the U.S. general public but is not using proper and Generally Accepted Accounting Principles (GAAP Accounting) to accrue the money to pay future benefits!


The U.S. general public is getting cheated, so far by $125.8 Trillion (US Unfunded Future Liabilities), because the corrupt U.S. Government is not accruing for future benefits and these future benefits for the U.S. general public are now unfunded!


The U.S. upper class is getting enriched, so far by $154.4 Trillion (US Unfunded Liabilities (GAAP)), because the corrupt U.S. Government is not accruing for future benefits and the U.S. upper class has been undertaxed by $154.4 Trillion!


Because of this U.S. Government fiscal and accounting fraud, the U.S. upper class is getting filthy rich with counterfeit money and the U.S. general public is getting screwed! Because of this U.S. Government fiscal and accounting fraud, people all over the planet can go to expensive concerts and not have to pay for going!


Because the U.S. Government is not using proper GAAP Accounting, the corrupt U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that it is fraudulently borrowing an infinite amount of money from the future Americans, I call it imaginary-counterfeit money, and giving it to the current Americans, so we have a lot of monopoly money to go to music festivals!


This is fraud because the corrupt U.S. Government is borrowing money from the future Americans that the future Americans do not have and giving it to the U.S. upper class by undertaxing them! This is not a small fraud! The corrupt U.S. Government has already fraudulently borrowed $154.4 Trillion of imaginary-counterfeit money (US Unfunded Liabilities (GAAP)) from the future Americans that we can use to go to concerts and music festivals!


When this fraud is exposed, this imaginary-counterfeit money will evaporate and hardly anybody will be able to go to Lollapalooza!


The following chart gives a graphical projection of how the corrupt U.S. Government could fraudulently borrow as much as a Quadrillion dollars (a thousand Trillion dollars) of imaginary-counterfeit money from the future Americans over the next three decades and give it to the U.S. upper class so we can have a whole-hell-of-a-lot more imaginary-counterfeit money to go to a whole-hell-of-a-lot more music festivals!





The corrupt U.S. Government needs to understand that GAAP basis deficit spending by the U.S. Government prints imaginary-counterfeit money and gives it to the U.S. upper class, which causes extreme counterfeit wealth and income for the elite, oppresses the unelite, allows Americans to buy stuff with monopoly money, causes Global Warming and the Coronavirus Pandemic, and will allow us to go to expensive concerts until this U.S. Government fiscal and accounting fraud is exposed!


The corrupt U.S. Government is lying to and cheating the U.S. general public by promising but not funding future benefits so they can fraudulently enrich the U.S. upper class with trillions of imaginary-counterfeit money so they can buy and enjoy things they really cannot afford!


The U.S. general public is going to be MAD-AS-HELL at the U.S. Government when they find out about this fraud and corruption!

 

US National Debt  $28.6 Trillion 
Cash Deficit in FY2021  $3.19 Trillion 
GAAP Deficit in FY2021 
$17.92 Trillion 
US Unfunded Future Liabilities  $125.8 Trillion 
US Unfunded Liabilities (GAAP)  $154.4 Trillion 
Imaginary-Counterfeit Money 
$154.4 Trillion 
US Total National Assets 

$175.1 Trillion 

Source: www.usdebtclock.org August 1, 2021


I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain USAPonzi and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can also be downloaded from my www.usaponzi.net website.


John W. White

Plano, TX