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

Open Letter to GlobalChange.gov 181127
November 27, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz 11/27/18


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post”, and “The Dallas Morning News” which is an Open Letter to the United States Global Change Research Program (USGCRP) that explains how U.S. Government fiscal and accounting fraud is causing “Global Warming”!


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 “dramatically feather the nests of their upper-class friends”.


The “news media” is aiding and abetting the corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud! The U.S. Government should be operating its fiscal policy with accrual accounting!


Open Letter to GlobalChange.gov
November 27, 2018


U.S. Government fraud is causing “Global Warming”!


Author's Note: I have also sent my contention that “Global Warming” is caused by U.S. Government accounting fraud directly to the Executive Director of USGCRP, Dr. Michael Kuperberg!


This is an open letter to the United States Global Change Research Program (USGCRP) that explains how U.S. Government fiscal and accounting fraud is causing 
“Global Warming”! On November 23, 2018, the United States Global Change Research Program released its latest findings on Global Change on its website www.GlobalChange.gov. This report again expresses strong concerns that “Global Warming” is causing serious negative changes to Planet Earth!


In this commentary, I will explain how the U.S. Government is causing “Global Warming” by using fraudulent accounting that is in the process of fraudulently borrowing an infinite stream of money from the future Americans so the current Americans, and people all over the planet, can buy, build, and operate an infinite number of environment-polluting objects!


The U.S. Government is not operating its fiscal policy with proper accrual accounting. The U.S. Government is promising future benefits to the U.S. general public but is not accruing the money to pay for these future benefit promises! When the U.S. Government does not accrue the money for future benefits, the current Americans, primarily the U.S. upper class, fraudulently get richer and richer! As of November 27, 2018, the U.S. Government has deferred public liabilities of $115.7 Trillion to the future Americans which is reported on www.usdebtclock.org as US Unfunded Liabilities (GAAP).

 

National debt  $21.8 Trillion 
Cash Deficit in FY2019  $0.84 Trillion 
GAAP Deficit in FY2019  $6.07 Trillion 
US Unfunded Future Liabilities  $93.9 Trillion 
US Unfunded Liabilities (GAAP)  $115.7 Trillion 
Imaginary-Counterfeit Money  $115.7 Trillion 
Total National Assets  $150.9 Trillion 

Source www.usdebtclock.org Nov 27, 2018


The U.S. Government should be using Generally Accepted Accounting Principles (GAAP Accounting) to properly accrue the money to pay for these future benefits!


Because the U.S. Government is not using proper accrual accounting to balance the federal budget, it is in the process of fraudulently borrowing an infinite amount of imaginary-counterfeit money from the future Americans, money the future Americans do not have, so the current Americans can buy, build, and operate an infinite number of environment-polluting objects like cars, airplanes, boats, big houses, tall buildings, factories, chemical plants, oil wells, guns, bombs, etc. etc.


The U.S. Government is digitally printing imaginary-counterfeit money that the current Americans are using to buy stuff without paying for it which is causing “Global Warming”!


As of today, November 27, 2018, the U.S. Government has fraudulently borrowed $115.7 Trillion from the future Americans and is fraudulently borrowing another $16.6 Billion every day to give to the current Americans!


GAAP basis deficit spending by the U.S. Government is what borrows this money from the future Americans and our GAAP Deficit in FY2019 is estimated by www.usdebtclock.org to be $6.07 Trillion! The U.S. Government fraudulently reports our federal deficit as our Cash Deficit in FY2019 of $0.84 Trillion when our real federal deficit is our GAAP Deficit in FY2019 of $6.07 Trillion!


The current U.S. Government fiscal policy, if it is allowed to continue, will borrow an infinite amount of imaginary-counterfeit money from the future Americans because the U.S. Government must pay compound interest on the amount borrowed (currently $115.7 Trillion) and cannot pay down the principal because the GAAP Deficit in FY2019 is $6.07 Trillion!


The U.S. Government is in the process of warming up Planet Earth with an infinite number environment-polluting objects by fraudulently borrowing an infinite amount of imaginary-counterfeit money from the future Americans and giving it to the current Americans!


GAAP Accounting, properly applied, would not allow the U.S. Government to borrow more money from the future Americans than the future Americans can reasonably be expected to pay! The U.S. Government has already borrowed $115.7 Trillion from the future Americans that the future Americans will never be able to pay.


That is why I call this fraudulently borrowed money imaginary-counterfeit money; it does not exist (imaginary) and has no value (counterfeit) but the current Americans are spending it like it is real money because nearly everyone on Planet Earth cannot believe that the U.S. Government would do something like that!


The U.S. Government has been warming up Planet Earth for the last 49 years with environment-polluting objects that have been purchased with imaginary-counterfeit money, $115.7 Trillion so far, that is being fraudulently borrowed from the future Americans!


I call this U.S. Government fiscal and accounting fraud USAPonzi since it is a classic Ponzi scheme sponsored by the U.S. Government! USAPonzi is explained in much more detail on my websites www.usaponzi.net and www.usaponzi.com and in my fourth book on this subject USAPonziA that is available on Amazon!


John W. White
Plano, TX