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 8/9/17
August 9, 2017    Emailed to WSJ/NYT/DMN 8/9/17


The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains how the U.S. Government is using a fraudulent fiscal policy and accounting system to dramatically enhance the lifestyle of Americans, to dramatically enrich the U.S. ruling class, to colossally enrich the U.S. upper class, to colossally cheat the Common Man, and to colossally cheat the rest of the planet. This Op-Ed explains how the current fiscal policy is causing the U.S. Government to commit a $107.1 Trillion crime to enrich itself and its upper-class friends.


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 so they can "feather their own nests" and "dramatically feather the nests of their upper-class friends".


Open Letter to Planet Earth
The U.S. Government is Committing a $107.1 Trillion Crime!
 
August 9, 2017


The U.S. Government is using a fraudulent fiscal policy and accounting system to dramatically enhance the lifestyle of Americans, to dramatically enrich the U.S. ruling class, to colossally enrich the U.S. upper class, to colossally cheat the Common Man, and to colossally cheat the rest of the planet.


The U.S. Government has fraudulently given the U.S. upper class $107.1 Trillion!


The U.S. Government is "Cooking the Books" so that it can give the U.S. upper class $107.1 Trillion!


The U.S. Government is corrupt!


The senior members of the U.S. Government are common criminals.


The U.S. Government is using a fraudulent accounting system in an attempt to conceal this fraud and corruption.


The U.S. Government is using Cash Accounting rather than the proper GAAP Accounting (Generally Accepted Accounting Principles).


I call this fraud USAPonzi because it is a classic Ponzi scheme that is being perpetrated by the U.S. Government. The U.S. Government has produced this Ponzi scheme by borrowing money from the future Americans, that the future Americans do not have, and giving it to the U.S. upper class!


By operating with this fraudulent accounting, the U.S. Government is committing a $107.1 Trillion crime!


The U.S. Government is promising and is now paying unaffordable and unfunded U.S. Government benefits but with imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans!


The U.S. Government has deferred $107.1 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans and has undertaxed the U.S. upper class by $107.1 Trillion to create $107.1 Trillion of imaginary-counterfeit money!


The U.S. Government has fraudulently given the U.S. upper class $107.1 Trillion simply by undertaxing them!


The U.S. Government has fraudulently created $107.1 Trillion of imaginary-counterfeit money out of "thin air" by pretending to borrow it from the future Americans!


This $107.1 Trillion is imaginary because the U.S. Government imagines that the future Americans can pay these public liabilities someday but it is counterfeit because the future Americans can never pay these public liabilities! The U.S. upper class appears to be very rich but with imaginary-counterfeit money! GAAP basis deficit spending creates imaginary-counterfeit money and the U.S. Government has incurred $107.1 Trillion of public liabilities (US Unfunded Liabilities (GAAP))!


This fraud is a criminal act because the perpetrators of this fraud are significant financial beneficiaries of this fraud. The senior officials of the U.S. Government are therefore common criminals by committing the biggest crime in the history of the planet!


The U.S. Government is using fraudulent accounting to convert $107.1 Trillion of public liabilities into imaginary-counterfeit private wealth for the U.S. upper class!


The U.S. Government has created the "Wealth Gap" in America by using fraudulent accounting to give $107.1 Trillion of imaginary-counterfeit money to the U.S. upper class by undertaxing them!


The U.S. Government has created a Social Justice Crisis in America by using fraudulent accounting to give $107.1 Trillion of imaginary-counterfeit money to the U.S. upper class by undertaxing them!

 

National Debt 
$20.0 Trillion 
Cash Deficit in FY2017 
$0.68 Trillion 
GAAP Deficit in FY2017 
$5.53 Trillion 
US Unfunded Future Liabilities 
$87.1 Trillion 
US Unfunded Liabilities (GAAP) 
$107.1 Trillion 
Imaginary-Counterfeit Money  $107.1 Trillion 
   Total National Assets  $133.0 Trillion 

   Source: www.usdebtclock.org August 9, 2017


This U.S. Government fiscal and accounting fraud can only be equitably eliminated by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government.


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 is the biggest ($107.1 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and it is "The Biggest Ponzi Scheme on the Planet"!


John W. White

Plano, TX