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 Planet Earth 12/1/17
December 1, 2017    Emailed to WSJ/NYT/DMN on  11/29/17  


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times” and “The Dallas Morning News” that is an open letter to Planet Earth that explains how the corrupt U.S. Government is perpetrating a fiscal and accounting fraud so that Americans can buy goods and services from the rest of the planet with monopoly money! America is cheating the rest of the planet!


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”!


Open Letter to Planet Earth 12/1/17
December 1, 2017


This is an open letter to the citizens of Planet Earth!


Americans are buying your goods and services with monopoly money!


The U.S. Government is corrupt! The U.S. Government is being run by a bunch of criminals! The U.S. Government is committing fiscal and accounting fraud! The U.S. Government is not using proper GAAP Accounting! The U.S. Government is running a classic Ponzi scheme that is creating monopoly money out of “thin air”!


The U.S. Government, by using fraudulent accounting, has stealthily borrowed $109.1 Trillion from the future Americans and given it to the current Americans! The U.S. Government is borrowing money from the future Americans, money that the future Americans do not have, to create $109.1 Trillion of imaginary-counterfeit money that it then gives to the current Americans by undertaxing them (US Unfunded Liabilities (GAAP))! The U.S. Government borrows another $15.5 Billion of imaginary-counterfeit money from the future Americans every day with ongoing GAAP basis deficit spending (GAAP Deficit in FY2018 = $5.66T/365 = $15.5B)!


The U.S. Government is not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting) and therefore is digitally printing imaginary-counterfeit money that the current Americans can use to buy your goods and services without having to pay for them! Because the U.S. Government is not using proper accounting, the U.S. Government is not openly reporting the fact that it has borrowed $109.1 Trillion from the future Americans (US Unfunded Liabilities(GAAP))!


Because the U.S. Government is using fraudulent accounting, the current Americans now have $109.1 Trillion of monopoly money to buy your goods and services! Americans are buying your goods and services with imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans.


America appears to be the wealthiest and most prosperous country on Planet Earth simply because the U.S. Government is fraudulently and digitally printing imaginary-counterfeit money by borrowing it from the future Americans and giving it to the current Americans.


The corrupt U.S.
Government is digitally printing imaginary-counterfeit money by using fraudulent accounting!


Americans are buying goods and services with imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans!


Americans appear to be getting rich with imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans!


America is cheating the rest of the planet by using imaginary-counterfeit money to buy your goods and services!

 

National Debt  $20.5 Trillion 
Cash Deficit in FY2018  $0.67 Trillion 
GAAP Deficit in FY2018  $5.66 Trillion 
US Unfunded Future Liabilities  $88.6 Trillion 
US Unfunded Liabilities (GAAP)  $109.1 Trillion 
Imaginary-Counterfeit Money  $109.1 Trillion 
Total National Assets  $135.6 Trillion 

Source: www.usdebtclock.org Dec 1, 2017


To eliminate this fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.


I have published a website www.usaponzi.net that explains how this fraud works to create a massive global wealth and income gap between the haves and the have-nots and to create false wealth and prosperity for the current Americans. The www.usaponzi.net website is an introduction to my more detailed website www.usaponzi.com and my books “USAPonzi” (Nov 22, 2015) and “USAPonzi2” (May 1, 2017) which are available on Amazon to better explain this fraud/Ponzi scheme.


This fraud/Ponzi scheme is also explained in “short story style” in my October 1, 2017 commentary USAPonzi CliffsNotes and in my October 8, 2017 commentary USAPonzi Elevator Speech.


This is the biggest ($109.1 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