Open Letter to US General Public-Short-current
October 1, 2020
I am a whistleblower! The U.S. Government is corrupt!
The corrupt U.S. Government is not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting)! The corrupt U.S. Government is being run by common criminals that have committed a $154.7 Trillion crime by borrowing $154.7 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and giving it to the U.S. upper class!
The corrupt U.S. Government is promising and paying benefits to the U.S. general public but is not taxing the U.S. upper class enough to pay for these U.S. Government benefits! The U.S. upper class is getting rich because they are being undertaxed! The U.S. general public is getting screwed because their benefits are being underfunded!
The U.S. upper class has been enriched by $154.7 Trillion because they have been undertaxed, the U.S. ruling class has been enriched because they have been overpaid by $26.8 Trillion, and the U.S. general public has been cheated out of $127.9 Trillion because their future benefits have been underfunded!
The corrupt U.S. Government is not operating its fiscal policy according to proper and Generally Accepted Accounting Principles (GAAP Accounting) which would properly assess how much the U.S. upper class should pay in taxes to cover the cost of these U.S. Government benefits to the U.S. general public!
This accounting fraud has produced a classic Ponzi scheme, I call it USAPonzi, that has the effect of 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 accounting fraud is making the U.S. upper class appear to be richer and richer, is making the U.S. economy appear to be stonger and stronger, and is making the stock market go higher and higher!
This accounting fraud is in the process of borrowing an infinite amount of money from the future Americans so that Planet Earth can build, buy, rent, and operate an infinite number of environment-polluting physical objects which is causing global warming that is destroying Planet Earth!
This accounting fraud has caused the wealth and income gap because the U.S. Government is in the process of giving the U.S. upper class an infinite amount of imaginary-counterfeit money by fraudulently borrowing it from the future Americans!
Financial data in this commentary was sourced from www.usdebtclock.org on October 1, 2020!
I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain this fraud and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can be downloaded from my www.usaponzi.net website.
John W White