The Biggest Ponzi Scheme on the Planet-The U.S. Government
"American Economic Exceptionalism Explained"                     USAPonzi                                      by John W. White   Mar 29, 2013

Opioid Crisis fueled by U.S. Government Fraud
December 8, 2017     Emailed to WSJ/NYT/DMN on 12/9/17


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times” and “The Dallas Morning News” that explains how U.S. Government accounting fraud is providing the money to fuel the Opioid Crisis
in the United States of America.


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”!


Opioid Crisis fueled by U.S. Government Fraud
December 8, 2017


People all over the planet are buying drugs, including opiates, with counterfeit money that the U.S. Government is fraudulently “borrowing” from the future Americans!


The corrupt U.S. Government is printing counterfeit money by operating with a fraudulent accounting system. The U.S. Government is digitally printing what I call imaginary-counterfeit money by operating with Cash Accounting rather than the proper GAAP Accounting. The U.S. Government, as of December 8, 2017, has fraudulently borrowed $109.2 Trillion of imaginary-counterfeit money from the future Americans and given it to the U.S. upper class!


This fraud may be best explained in a Whistleblower Letter that I sent to the U.S. Securities and Exchange Commission on November 25, 2017.


The U.S. Government is magically creating money out of “thin air” by incurring GAAP basis deficit spending of $5.66 Trillion in FY2018 while reporting Cash basis deficit spending of $0.67 Trillion!


This fraud has artificially produced a flood of wealth and prosperity in the United States of America! The U.S. Government is literally stuffing counterfeit money into the pockets of the current Americans by pretending to borrow it from the future Americans but not telling us about it.


The U.S. Government has produced tremendous imaginary-counterfeit wealth, primarily for the U.S. upper class, simply by using accounting fraud.


This fraud has produced $109.2 Trillion of fake money that we can use to buy drugs and whatever else we might like to have. $109.2 Trillion of fake money can buy a lot of drugs.


The criminal U.S. Government is providing the fake money that Americans can use to buy drugs and the medical community is enticed to prescribe these opioid medications because they are getting rich by providing medical services and drugs that the U.S. Government is paying for with the imaginary-counterfeit money that it is fraudulently borrowing from the future Americans with accounting fraud!


Eliminating this U.S. Government accounting fraud will not cure the opioid crisis but it will make it much less attractive for the providers of these drugs to prescribe and deliver them when the source of money in the United States is directly associated with “real earned income” rather than the corruptly produced imaginary-counterfeit money that is being digitally printed by this U.S. Government fraud.


We have a serious problem with the lack of integrity within the U.S. Government!


The U.S. Government is “Cooking the Books” to print the imaginary-counterfeit money that we are now using to buy and use opioids!

 

National Debt  $20.6 Trillion 
Cash Deficit in FY2018  $0.67 Trillion 
GAAP Deficit in FY2018  $5.66 Trillion 
US Unfunded Future Liabilities  $88.6 Trillion 
US Unfunded Liabilities (GAAP)  $109.2 Trillion 
Imaginary-Counterfeit Money  $109.2 Trillion 
Total National Assets  $135.8 Trillion 

Source: www.usdebtclock.org Dec 8, 2017


To eliminate this fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.


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 fraud/Ponzi scheme is also explained in “short story style” in my October 1, 2017 commentary USAPonzi CliffsNotes and in my October 8, 2017 commentary USAPonzi Elevator Speech.


This is the biggest ($109.2 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