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 International Monetary Fund 180918
September 18, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 9/18/18


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post”, and “The Dallas Morning News” that is an “Open Letter to the International Monetary Fund” that explains how U.S. Government fiscal and accounting fraud is destabilizing the global economic and financial system!


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 International Monetary Fund 180918

September 18, 2018


This is an “Open Letter to the International Monetary Fund (IMF)” that explains how the U.S. Government is committing a fiscal and accounting fraud that is destabilizing the global economic and financial system!


Christine Lagarde, Managing Director of the International Monetary Fund, it is your responsibility to expose the fraud and corruption within the U.S. Government that is destabilizing the global monetary system!


The following is the basic charter of the IMF as taken from https://www.imf.org/en/About.


About the IMF


The International Monetary Fund (IMF) is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.


Created in 1945, the IMF is governed by and accountable to the 189 countries that make up its near-global membership.


The IMF's primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens) to transact with each other. The Fund's mandate was updated in 2012 to include all macroeconomic and financial sector issues that bear on global stability.


The U.S. Government is operating a Ponzi scheme, I call it USAPonzi, that is destabilizing the global macroeconomic and financial system! The U.S. Government is not operating its fiscal policy with proper GAAP Accounting and a balanced GAAP basis budget and as a result is printing counterfeit money, $114.8 Trillion so far, and giving it to the U.S. upper class (See Printing Infinite Counterfeit Money)!


The U.S. Government is simply and fraudulently borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class with GAAP basis deficit spending!


I call this fraudulently borrowed money, imaginary-counterfeit money, because it does not exist (it is imaginary) and it has no value (it is counterfeit) since the future Americans can never pay it!


The U.S. Government has fraudulently given the U.S. upper class $114.8 Trillion of imaginary-counterfeit money with GAAP basis deficit spending!


This U.S. Government fiscal and accounting fraud has been operating for 49 years, since the U.S. Government adopted the Unified Budget in FY1969, and has appeared to make the United States of America the richest and most powerful country on the planet!


Since the U.S. Government refuses to acknowledge this fiscal and accounting fraud, it is up to the IMF to expose this Ponzi scheme that is allowing Americans to buy an infinite amount of stuff without paying for it!


The IMF must act to expose this massive $114.8 Trillion fraud!


The IMF must require that all sovereign entities that sponsor a currency that is used for international trade, operate their fiscal policies with accrual accounting and a nominally balanced budget!


The U.S. Government is corrupt!


The senior officials of the U.S. Government are common criminals that have committed a $114.8 Trillion criminal act by not operating the U.S. Government 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 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 ($114.8 Trillion) fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.

 

National Debt  $21.5 Trillion 
Cash Deficit in FY2018  $0.86 Trillion 
GAAP Deficit in FY2018 
$6.05 Trillion 
US Unfunded Future Liabilities  $93.3 Trillion 
US Unfunded Liabilities (GAAP)  $114.8 Trillion 
Imaginary-Counterfeit Money 
$114.8 Trillion 
Total National Assets 

$138.2 Trillion 

Source: www.usdebtclock.org Sep 18, 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, “USAPonzi3” 2/1/18, and “USAPonziA” 9/1/18! Each of these books have updates that I made every few days until the next book was published. I have published 654 commentaries since March 29, 2013 in an attempt to explain and expose this massive U.S. Government fraud!


This is the biggest ($114.8 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