Open Letter to Planet Earth-very short current
June 13, 2019
The U.S. Government is corrupt!
The corrupt U.S. Government has concocted a $124.4 Trillion “economic and financial system house of cards” out of “thin air”!
The corrupt U.S. Government has fraudulently given the U.S. upper class $124.4 Trillion of counterfeit money!
The corrupt U.S. Government has fraudulently deferred $124.4 Trillion of public liabilities to the Future Americans, which will never be paid, and undertaxed the U.S. upper class by $124.4 Trillion! By performing this accounting “shell game”, the corrupt U.S. Government has digitally printed $124.4 Trillion of counterfeit money and given it to the U.S. upper class!
The U.S. Government is continuously and fraudulently borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!
The U.S. Government has created $124.4 Trillion of fake wealth for the U.S. upper class by not operating its fiscal policy with proper accrual accounting!
The U.S. Government is committing a $124.4 Trillion fiscal and accounting fraud!
The U.S. Government is not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting)! By not following the principles of GAAP Accounting, the U.S. Government is not properly accruing for future benefit promises to the U.S. general public which enriches the U.S. upper class and cheats the U.S. general public!
The U.S. Government is continuously 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! So far, the U.S. Government has fraudulently borrowed $124.4 Trillion from the future Americans and given it to the U.S. upper class! Every day the U.S. Government fraudulently borrows another $16.8 Billion from the future Americans and gives it to the U.S. upper class!
This is a classic Ponzi scheme that the U.S. Government has been running since 1969! I call this Ponzi scheme USAPonzi and I call this fraudulently borrowed money imaginary-counterfeit money.
This fraud is enriching the rich and cheating the unrich!
This fraud is enriching Americans and cheating the rest of the planet!
Americans are buying stuff from the rest of the planet with imaginary-counterfeit money!
You can buy a lot of stuff with $124.4 Trillion of imaginary-counterfeit money that has been fraudulently borrowed from the future Americans! The U.S. Government can surely figure out that the future Americans do not have $124.4 Trillion stuffed under their mattresses to pay these unending and ever-increasing public liabilities!
Because of this accounting fraud, the Saudi Princes have gotten amazingly rich, the China economy has done amazingly well, and Jeff Bezos of Amazon has become an imaginary-counterfeit centi-billionaire!
Let me assure you, $124.4 Trillion is a lot of imaginary-counterfeit money and the U.S. Government is printing $16.8 Billion more imaginary-counterfeit money every day with ongoing GAAP basis deficit spending!
This U.S. Government fiscal and accounting fraud is also Burning up Planet Earth with Global Warming because we are in the process of buying and building an infinite number of environment-polluting physical objects with this infinite supply of imaginary-counterfeit money that the U.S. Government is continuously and fraudulently borrowing from the future Americans!
|Cash Deficit in FY2019
|GAAP Deficit in FY2019
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org June 13, 2019
This accounting fraud/Ponzi scheme 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! The U.S. Government has fraudulently borrowed $124.4 Trillion of imaginary-counterfeit money from the future Americans and given it to the U.S. upper class!
You can learn more about this fraud/Ponzi scheme by reading my websites www.usaponzi.net and www.usaponzi.com or better yet by reading my fifth book on USAPonzi “USAPonziB” which is available on Amazon and on my websites in Kindle and PDF formats.
This is the biggest ($124.4 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”!
John W. White