Open Letter to the U.S. General Public 5/30/17
May 30, 2017 Emailed to WSJ/NYT/DMN on May 30, 2017
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 enrich themselves and to colossally enrich the U.S. upper class.
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 the U.S. General Public
May 30, 2017
Warren Buffett, Bill Gates, and Donald Trump are not as wise as businessmen as we would like to believe!
The U.S. Government is corrupt! The senior officials of the U.S. Government are criminals! The U.S. Government is committing fiscal and accounting fraud by not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting). The U.S. Government is operating with Cash Accounting rather than the proper GAAP Accounting (Accrual Accounting). The U.S. Government, by using Cash Accounting, is not accruing the money that is required to pay the future benefits that it is promising to the general public.
The U.S. Government is promising government benefits to the general public but is not taxing the U.S. upper class enough to pay for these government benefit promises. Because of this fiscal and accounting fraud, the U.S. Government has given the U.S. upper class $106.3 Trillion, has overpaid the U.S. ruling class by $19.9 Trillion, and has underfunded the U.S. Government benefit promises to the general public by $86.4 Trillion.
This is a Ponzi scheme (USAPonzi) that is borrowing a geometrically increasing amount of imaginary-counterfeit money from the future Americans and giving it to the current Americans but the U.S. upper class is getting almost all of this money. The U.S. Government has deferred $106.3 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans. The U.S. upper class is appearing to get super rich simply because the U.S. Government is fraudulently borrowing faux money from the future Americans and giving it to the U.S. upper class by undertaxing them. This is fraud because the future Americans do not have $106.3 Trillion. The U.S. Government is imagining that the future Americans can pay an infinite amount of taxes forever. This is a classic Ponzi scheme.
Simple accounting fraud is causing the U.S. upper class to appear to be super rich! The U.S. Government has created $106.3 Trillion of imaginary-counterfeit money out of "thin air" by borrowing money from the future Americans that the future Americans do not have and giving it to the U.S. upper class.
Just think about that, the U.S. Government has given its U.S. upper-class friends $106.3 Trillion of imaginary-counterfeit money while cheating the U.S. Common Man by promising government benefits but underfunding these promises by $86.4 Trillion. And yet they still have the unmitigated gall to borrow $19.9 Trillion from the fraudulently enriched upper class to overpay themselves.
The U.S. Government is using a fraudulent fiscal policy and accounting system to enrich themselves and to colossally enrich the U.S. upper class. The U.S. Government does this by making false promises of paying U.S. Government benefits to the general public that it has no intention or capability to pay. The U.S. Government is overspending on a Cash basis by $19.9 Trillion and underfunding on a GAAP basis by $86.4 Trillion so the U.S. upper class can get richer by $106.3 Trillion.
The U.S. Government is being run by a bunch of criminals! The U.S. Government is enriching themselves and colossally enriching the U.S. upper class by cheating the general public and the rest of the planet!
The U.S. Government is printing imaginary-counterfeit money at the rate of our GAAP basis deficit spending, which is estimated to be $5.57 Trillion in FY2017, and giving it to the U.S. upper class.
The U.S. Government has been "Cooking the Books" for 48 years so that it can enrich the U.S. upper class by $106.3 Trillion!!!
Warren Buffett, Bill Gates, and Donald Trump are not as wise as businessmen as everyone wants to believe; they are just "clever" beneficiaries of the biggest financial fraud ever perpetrated!!!
|| $19.9 Trillion
|Cash Deficit in FY2017
|GAAP Deficit in FY2017
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org May 30, 2017
This U.S. Government 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.
This is the biggest ($106.3 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