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 US General Public-Short-current
Cheating the U.S. General Public

October 14, 2019


The U.S. Government is corrupt!


The corrupt U.S. Government is committing a fiscal and accounting fraud that is cheating the U.S. general public!


The corrupt U.S. Government is committing a fiscal and accounting fraud that appears to make America the richest and most prosperous country on Planet Earth by printing an infinite supply of counterfeit money (fraudulently borrowing it from the future Americans) and giving it to the U.S. upper class!


The corrupt U.S. Government is committing a fiscal and accounting fraud by promising to pay future benefits to the U.S. general public but not taxing the U.S. upper class to pay for these future benefits!


The corrupt U.S. Government is fraudulently cheating the U.S. general public by not funding the future U.S. Government benefit promises to the U.S. general public!


The corrupt U.S. Government is not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting) which would properly assess how much the U.S. upper class should pay to cover the cost of these future benefits to the U.S. general public!


This fiscal and accounting fraud has the effect of borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class!


The corrupt U.S. Government has promised the U.S. general public $103.5 Trillion worth of future benefits that is has underfunded so that it can enrich the U.S. upper class by $126.3 Trillion!


The corrupt U.S. Government has hoodwinked the U.S. general public into thinking that they will be paid future benefits that the U.S. Government has no intention or capability to pay!


The corrupt U.S. Government is lying to and cheating the U.S. general public so that it can enrich the U.S. upper class!


This U.S. Government fiscal and accounting fraud is what is causing the wealth and income gap! The U.S. Government has fraudulently given the U.S. upper class $126.3 Trillion! $126.3 Trillion can cause quite a large wealth and income gap!


The U.S. Government likes the U.S. upper class a lot more than it likes the U.S. general public; so far, $126.3 Trillion more!


The corrupt U.S. Government is enriching the rich and cheating the unrich!


The corrupt U.S. Government is operating its fiscal policy as a classic Ponzi scheme, I call it USAPonzi, that is fraudulently borrowing money, I call it imaginary-counterfeit money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class!


This fiscal and accounting fraud has falsely produced what we now call “The American Dream” by printing an infinite supply of counterfeit money (fraudulently borrowing it from the future Americans) and giving it to the U.S. upper class!


When this Ponzi scheme implodes it will produce a “Global Depression” that, according to my analysis, will be 4X as serious as the “Great Depression” (See U.S. Total Financial Leverage 4.3X 1929)!


The corrupt U.S. Government is Destroying Planet Earth by printing an infinite supply of imaginary-counterfeit money (fraudulently borrowing it from the future Americans) so we can fill Planet Earth with an infinite number of environment-polluting physical objects!


This fiscal and accounting fraud is causing Global Warming that is Destroying Planet Earth!


This fraud is enriching Americans and cheating the rest of the planet because Americans are buying stuff from the rest of the planet with imaginary-counterfeit money!

 

National Debt  $22.8 Trillion 
Cash Deficit in FY2019  $1.02 Trillion 
GAAP Deficit in FY2019  $6.13 Trillion 
US Unfunded Future Liabilities  $103.5 Trillion 
US Unfunded Liabilities (GAAP)  $126.3 Trillion 
Imaginary-Counterfeit Money  $126.3 Trillion 
Total National Assets  $146.8 Trillion 

Source: www.usdebtclock.org October 14, 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!


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 ($126.3 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