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 U.S. General Public 180524
May 24, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 5/24/18


The following is an Op-Ed to “The Wall Street Journal”“The New York Times”“The Washington Post”, and “The Dallas Morning News” that is an “Open Letter to the U.S. General Public” which explains how corruption within the U.S. Government is enriching the U.S. upper class and cheating the U.S. general public


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 “colossally feather the nests of their upper-class friends”! The U.S. Government is not using accrual accounting!


The “news media” is aiding and abetting the corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud!


Open Letter to the U.S. General Public 180524

May 24, 2018


This is an “Open Letter to the U.S. General Public” to inform you that the U.S. Government is committing fiscal and accounting fraud by not operating its fiscal policy with accrual accounting! The U.S. Government is not properly accruing the money to pay future U.S. Government benefit promises! I have just filed my 14th complaint to the U.S. Securities and Exchange Commission in an attempt to broadly expose this U.S. Government fiscal and accounting fraud!


SEC Tip-Complaint 180521 Confirmation


The U.S. Government is corrupt!


The U.S. Government is perpetrating a $113.3 Trillion fiscal and accounting fraud!


This is a very simple fraud; the corrupt and criminal U.S. Government just fraudulently borrows a never-ending and exponentially-increasing stream of  money from the future Americans, money that the future Americans do not have, and gives it to the U.S. upper class by undertaxing them!


Because of this fiscal and accounting fraud, the corrupt and criminal U.S. Government has fraudulently borrowed $113.3 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class! I call this fraudulently borrowed money, imaginary-counterfeit money, since it does not exist and has no value!


Because of this fiscal and accounting fraud, the corrupt and criminal U.S. Government has underfunded the future benefit promises to the U.S. general public by $92.1 Trillion (US Unfunded Future Liabilities)!


Because of this fiscal and accounting fraud, the corrupt and criminal U.S. Government has fraudulently enriched the U.S. upper class by $113.3 Trillion and cheated the U.S. general public out of $92.1 Trillion!


Because of this fiscal and accounting fraud, the corrupt and criminal U.S. Government has fraudulently borrowed $21.2 Trillion (National Debt) from the fraudulently enriched upper class to overpay the U.S. ruling class!


Because of this fiscal and accounting fraud, the corrupt and criminal U.S. Government has fraudulently borrowed $113.3 Trillion from the future Americans and given it to the current Americans so the current Americans can buy stuff without having to pay for it!


The U.S. upper class gets rich because they don't have to pay for these future benefits and the U.S. general public gets cheated because they have been hoodwinked into thinking they are going to get these future benefits that the corrupt and criminal U.S. Government has not accrued for and therefore has no intention or capability to pay!


The U.S. ruling class gets rich because they have fraudulently borrowed $21.2 Trillion from the fraudulently enriched upper class to overpay themselves!


The rest of the planet gets cheated because Americans are buying stuff from them with $113.3 Trillion of imaginary-counterfeit money (monopoly money) that has been fraudulently borrowed from the future Americans!


The U.S. Government is operating a $113.3 Trillion fiscal and accounting fraud that is a classic Ponzi scheme which I have named USAPonzi!


The corrupt and criminal U.S. Government is lying to the U.S. general public by promising them future benefits that it has no intention or capability to pay!


The U.S. Government is corrupt!


The senior officials of the U.S. Government are common criminals that have committed a $113.3 Trillion criminal act by not using accrual accounting! The senior officials of the U.S. Government are common criminals because they are direct financial beneficiaries of this massive fraud!


We now have 535 criminals in the U.S. Congress and an untold number of criminals in the White House!


This fraud is explained in more detail in my Open Letter to Planet Earth!


To eliminate this massive fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget. GAAP Accounting (Generally Accepted Accounting Principles) is the commonly used name in America for the accounting guidelines for accrual accounting.

 

National Debt   $21.2 Trillion  
Cash Deficit in FY2018   $0.75 Trillion  
GAAP Deficit in FY2018   $6.01 Trillion  
US Unfunded Future Liabilities   $92.1 Trillion  
US Unfunded Liabilities (GAAP)   $113.3 Trillion  
Imaginary-Counterfeit Money   $113.3 Trillion  
Total National Assets   $139.5 Trillion  

Source: www.usdebtclock.org May 24, 2018


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”, and “USAPonzi3”!


This is the biggest ($113.3 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