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

Michael Smerconish Whistleblower Email 201017
October 17, 2020
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 10/17/20


The following is a Whistleblower Email to Michael Smerconish, TV/Radio talk show host, that explains how U.S. Government accounting fraud is causing Economic Inequality in America!


Economic Inequality in America


To Michael Smerconish


I saw the segment on your TV show last week concerning economic inequality in America!


This economic inequality is caused by U.S. Government accounting fraud! The U.S. Government is not using the proper accounting system. The U.S. Government is promising benefit promises to the U.S. general public but is not taxing the U.S. upper class to pay for these benefits. The U.S. Government is not operating its fiscal policy with accrual accounting, called GAAP Accounting (Generally Accepted Accounting Principles) in America.


When the U.S. Government does not accrue for U.S. Government benefits the U.S. upper class gets undertaxed and richer and richer.


When the U.S. Government does not accrue for U.S. Government benefits the U.S. general public gets cheated and on a relative basis gets poorer and poorer!


The U.S. Government has resorted to fiscal and accounting fraud to enrich the 1% at the expense of the 99%!


This accounting fraud is a classic Ponzi scheme, I call it USAPonzi, that is fraudulently borrowing money from the future Americans and giving it to the U.S. upper class with GAAP basis deficit spending.


As of today, October 17, 2020, the U.S. Government has fraudulently enriched the U.S. upper class by $155.0 Trillion and the U.S. general public has been cheated out of $127.9 Trillion because their future benefits have been underfunded.


I have written two websites (USAPonzi.net and USAPonzi.com) and eight books in an attempt to expose this U.S. Government fiscal and accounting fraud that I call USAPonzi. My latest book (USAPonziE) is available on Amazon in paperback and e-book format!


I have sent numerous whistleblower letters to various U.S. Government entities including 6 letters to each and every member of the U.S. Congress!


The following is a link to my sixth letter to the U.S. Congress!


http://www.usaponzi.com/whistleblower-letter--6-to-congress-201005.html


This accounting fraud is not only causing economic inequality, it is causing Global Warming and the Coronavirus Pandemic and will cause a Hunger Pandemic and The Greatest Depression.


The following is a link to my Quintet of Global Crises commentary that explains how this accounting fraud is causing these five major global crises.


http://www.usaponzi.com/quintet-of-global-crises-201001.html


John W White
Plano, TX