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
Dec 10, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, Senator Ted Cruz, and Dallas Mayor Mike Rawlings on 12/10/18


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post”, and “The Dallas Morning News” which explains how the U.S. Government is committing a fiscal and accounting fraud that is enriching the U.S. upper class, is cheating the U.S. general public, is cheating the rest of the planet, is filling the planet with useless objects, is causing Global Warming, and is Destroying Planet Earth!


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 Planet Earth
Dec 10, 2018


The U.S. Government is corrupt!


U.S. Government fraud and corruption is in the process of “Destroying Planet Earth”!


The “mainstream media” is corrupt for refusing to expose the fraud and corruption within the U.S. Government!


The U.S. Government has, over the last 49 years, printed $115.9 Trillion of counterfeit money and given it to the U.S. upper class!


This is an “Open Letter to Planet Earth” to inform you that the U.S. Government is committing fiscal and accounting fraud by not operating its fiscal policy with proper accrual accounting! The U.S. Government is not properly accruing the money to pay future U.S. Government benefit promises that it has made to the U.S. general public! The U.S. Government is committing fiscal and accounting fraud by assessing and reporting its financial condition with Cash Accounting rather than proper GAAP Accounting (Generally Accepted Accounting Principles)!


Because the U.S. Government is not accruing for future benefit promises, it is fraudulently borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class! This is a classic Ponzi scheme, I call it USAPonzi, that is borrowing money, I call it imaginary-counterfeit money, from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!


As of December 10, 2018, the U.S. Government has fraudulently borrowed $115.9 Trillion of imaginary-counterfeit money from the future Americans and given it to the U.S. upper class!


This U.S. Government accounting fraud is in the process of giving infinite imaginary-counterfeit wealth to the U.S. upper class!


This U.S. Government accounting fraud has created an unending and ever-widening wealth and income gap between the U.S. upper class and the U.S. general public!


The U.S. Government is fraudulently and colossally enriching the U.S. upper class and colossally cheating the U.S. general public by not funding the future benefit promises!


This U.S. Government accounting fraud is causing colossal social injustice by colossally enriching the U.S. upper class and colossally cheating the U.S. general public by not funding the future U.S. Government benefit promises!


The U.S. Government is enriching the rich and cheating the poor!


The U.S. Government likes the U.S. upper class a lot more than it likes the U.S. general public! The U.S. upper class pays bigger bribes and makes bigger campaign contributions than the U.S. general public!


The U.S. Government is tricking the U.S. general public by telling them that they will get U.S. Government benefits tomorrow while the U.S. Government is really just fraudulently enriching the U.S. upper class and the U.S. ruling class today!


The U.S. Government is tricking the rest of the planet by fraudulently borrowing imaginary-counterfeit money from the future Americans so the current Americans can buy stuff without paying for it!


The U.S. Government is corrupt and criminal because it is committing the biggest criminal act in the history of Planet Earth, a $115.9 Trillion crime as of December 10, 2018!


America
appears to be the richest and most powerful country on Planet Earth simply because the U.S. Government is committing a fiscal and accounting fraud that is continuously and fraudulently borrowing imaginary-counterfeit money from the future Americans, money the future Americans do not have, and giving it to the current Americans, primarily to the U.S. upper class by undertaxing them!


Because of this accounting fraud, the corrupt and criminal U.S. Government is fraudulently borrowing $16.6 Billion of imaginary-counterfeit money every day from the future Americans and giving it to the U.S. upper class with GAAP basis deficit spending! The U.S. Government is spending and promising to spend money that it does not have, which produces imaginary-counterfeit money that it gives to the U.S. upper class by undertaxing them!


Americans are buying stuff from themselves and from the rest of the planet with imaginary-counterfeit money ($115.9 Trillion) that the corrupt and criminal U.S. Government has fraudulently borrowed from the future Americans!


The corrupt and criminal U.S. Government has been operating this Ponzi scheme since FY1969 and it is filling the planet with cars, airplanes, boats, tall buildings, big houses, banks, restaurants, factories, chemical plants, oil wells, smartphones, guns, bombs, etc. etc. that are being bought, built, rented, and operated with imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans!


This U.S. Government accounting fraud is making the U.S. upper class richer and richer, is making the stock market go higher and higher, and is making the U.S. economy stronger and stronger
!


I contend that this Ponzi scheme fiscal policy is the primary cause of Global Warming because this accounting fraud is in the process of borrowing an infinite amount of imaginary-counterfeit money from the future Americans so the planet can buy, build, and operate an infinite number of environment-polluting objects!


The corrupt and criminal U.S. Government is in the process of filling and Destroying Planet Earth with an infinite number of useless environment-polluting objects that are being bought, built, and operated with imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans!


GAAP Accounting, properly applied, would prevent the U.S. Government from borrowing more money from the future Americans than the future Americans can be reasonably expected to pay!


The U.S. Government must adopt GAAP Accounting (Generally Accepted Accounting Principles) and commit to a balanced GAAP basis budget in order to eliminate this fiscal and accounting fraud and properly accrue for the future U.S. Government benefit promises!


GAAP Accounting, properly applied, will significantly reduce the wealth and income gap and significantly reduce the colossal social injustice that has been caused by this U.S. Government accounting fraud!


The U.S. Government, and all sovereign entities that sponsor a currency that is used in international trade, must adopt GAAP Accounting, or its basic equivalent, to provide a level economic playing field throughout the planet!


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, USAPonzi2, USAPonzi3, and USAPonziA.


This is the biggest ($115.9 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