Open Letter to the U.S. General Public 6/11/17
June 11, 2017 Emailed to WSJ/NYT/DMN 6/11/17
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 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
June 11, 2017
The U.S. Government is Enriching the U.S. Upper Class!
The U.S. Government is Oppressing the U.S. Common Man!
Fraudulent accounting, by the U.S. Government, is creating a massive but imaginary economic divide between the U.S. Upper Class and the U.S. Common Man!
The U.S. Government is corrupt! The U.S. Government is using fraudulent accounting principles! 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 fraudulent accounting, is running a classic Ponzi scheme, which I have named USAPonzi, that now has an indebtedness of $106.4 Trillion (US Unfunded Liabilities (GAAP)) as of June 11, 2017!
Because of this fraud, The U.S. Government is dramatically overpaying the U.S. Government employees; creating National Debt of $19.9 Trillion!
Because of this fraud, the U.S. Government is colossally enriching the U.S. upper class by $106.4 Trillion by undertaxing them; creating US Unfunded Liabilities (GAAP) of $106.4 Trillion!
Because of this fraud, the U.S. Government is promising U.S. Government benefits to the U.S. Common Man but is colossally underfunding them; creating US Unfunded Future Liabilities of $86.5 Trillion.
Because of this fraud, the U.S. Government is fraudulently borrowing money ($106.4 Trillion) from the future Americans so that the current Americans can buy stuff, they cannot afford, from the rest of the planet with this fraudulently borrowed money. This is fraud because the future Americans do not have $106.4 Trillion!
Because of this fraud, the U.S. Government is enriching the U.S. ruling class, is colossally enriching the U.S. upper class, is colossally cheating the U.S. Common Man, and is colossally cheating the rest of the planet.
Because of this fraud, the U.S. Government is enriching the U.S. upper class and is oppressing the U.S. Common Man!
The senior officials of the U.S. Government are common criminals because they are operating the U.S. Government with fraudulent accounting so that they can enrich themselves and their upper-class friends!
We must re-establish integrity within the U.S. Government! We must have Truth in the U.S. Government!
|| $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 Jun 11, 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. 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 ($106.4 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