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

Oppressing the Common Man!
August 18, 2017    Emailed to WSJ/NYT/DMN 8/18/17


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 committing a criminal act that is fraudulently "Enriching the U.S upper class", $107.2 Trillion so far, while economically "Oppressing the Common Man"!


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".


Oppressing the Common Man!

August 18, 2017


The U.S Government is committing a criminal act that is fraudulently "Enriching the U.S. upper class", $107.2 Trillion so far, while economically "Oppressing the Common Man"!


The U.S. Government, arguably the most important financial entity on planet Earth, is not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting)! This fiscal policy has produced a classic Ponzi scheme, I call it USAPonzi, that is fraudulently "Enriching the U.S. upper class" and economically "Oppressing the U.S. Common Man"!


This is a $107.2 Trillion financial fraud that is being perpetrated by the U.S. Government! The U.S. Government has fraudulently borrowed $107.2 Trillion from the future Americans and given it to the U.S. upper class! This is fraud because the future Americans do not have $107.2 Trillion!


"We must make America HONEST again"!


While I in no way condone the tactics used by the Alt-right, the White Supremacists, the Neo-Nazis, and the KKK, I can certainly understand at least a part of the frustration that is being expressed by these groups. The U.S. Common Man is being economically oppressed by U.S. Government fiscal and accounting fraud and these groups represent a segment of these economically oppressed people.


The Alt-left, BLM, LGBT, and Antifa activist groups represent people that are similarly oppressed by this same U.S. Government fiscal and accounting fraud so they are also prone to express their frustration with the Alt-right and with the governance of the United States that is attempting to maintain civility in our society while at the same time the U.S. Government is economically oppressing the U.S. Common Man.


We must all come to recognize that much of this frustration from both the Alt-right and the Alt-left arises from the fact that the U.S. Government is fraudulently "Enriching the U.S. upper class" and economically "Oppressing the U.S. Common Man"!


The U.S. Government is committing fiscal and accounting fraud that has given the U.S. upper class $107.2 Trillion by undertaxing them, has overpaid the U.S. ruling class by nominally $20.0 Trillion, and has underfunded the benefit promises to the U.S. Common Man by $87.2 Trillion. Worse yet, the U.S. upper class is living on $107.2 Trillion of imaginary-counterfeit money that the U.S. Government has created out of "thin air", by fraudulently borrowing it from the future Americans, while the working U.S. Common Man has to live on real money that they earn by the sweat of their brow.


We have two basic classes of people in the United States of America, the U.S. upper class and all the rest, and we have two kinds of money, imaginary-counterfeit money and real money. The U.S. Government is giving the U.S. upper class imaginary-counterfeit money every single day, $15.12B a day with GAAP basis deficit spending, by borrowing it from the future Americans while the majority of the working U.S. general public is living on real money earned from an hourly wage or fixed salary (See Two Classes of People-Two Kinds of Money).


This fraud, I call it USAPonzi, is a classic Ponzi scheme that is giving the U.S. upper class what will become an infinite amount of imaginary-counterfeit money which is causing inflation, urbanization, offshoring, and the loss of well-paying jobs for the U.S. Common Man. This fraud is causing the cost of living, the cost of housing, and the cost of healthcare to increase dramatically relative to the earning power of the U.S. Common Man.


USAPonzi is a progressive fraud that is borrowing an exponentially increasing amount of money from the future Americans and giving it to the U.S. upper class! The U.S. Government has been running this Ponzi scheme for now 48 years and has, so far, given the U.S. upper class $107.2 Trillion. The U.S. Government is operating with a fiscal policy that will give the U.S. upper class an infinite amount of money while expecting the U.S. Common Man to live in this Ponzi economy on a relatively fixed income.


This is fraud! This is corruption! The senior members of the U.S. Government are common criminals!


This is why I can understand the economic frustration of both the Alt-right and the Alt-left, the U.S. Government is economically "Oppressing the Common Man" while fraudulently "Enriching the U.S. upper class"!


The U.S. Government must stop this fraudulent enrichment of the U.S. upper class and give the U.S. Common Man a fair shake. This U.S. Government fraud is causing massive social injustice within the United States and the oppressed are lashing out with rallies and riots to express their frustration. This fraud is also the cause of the "Wealth Gap" between the U.S. upper class and the U.S. common man.


These groups will be really, really mad when they are told that this is a conscious act by the U.S. Government to oppress the Common Man so that the members of the U.S. Government can be dramatically overpaid and so that the U.S. upper class can be given an infinite amount of money!


The U.S. Government is corrupt! The U.S. Government is committing fiscal and accounting fraud so that it can enrich itself, colossally enrich the U.S. upper class, and give all Americans imaginary-counterfeit money to buy stuff from the rest of the planet. However, this fraudulent fiscal and accounting policy is "Oppressing the Common Man"!


The U.S. Government is operating its fiscal policy with an improper accounting system. The U.S. Government is operating with Cash Accounting rather than the proper GAAP Accounting. This has created a classic Ponzi scheme, I call it USAPonzi, that is borrowing/stealing money, I call it imaginary-counterfeit money, from the future Americans, that the future Americans do not have, and giving it to the current Americans but with most of this money going to the U.S. upper class!


We are filling the planet with stuff that we have bought/built with imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans. So far, the U.S. Government has borrowed $107.2 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class to perpetrate this fraud! The only problem is, the future Americans do not have $107.2 Trillion. The U.S. Government is committing a $107.2 Trillion fraud!


This fiscal and accounting fraud is falsely improving the lifestyle of all Americans relative to the rest of the planet and is falsely and dramatically improving the lifestyle of the elite in America relative to the rest of the Americans.


This fraud has colossally elevated the status of the U.S. upper class over the U.S. general public because the U.S. Government has given the U.S. upper class $107.2 Trillion by fraudulently undertaxing the U.S. upper class while underfunding the benefit promises to the U.S. Common Man!


The U.S. Government is fraudulently "Enriching the U.S. upper class"!


The U.S. Government is economically "Oppressing the Common Man"!


The citizens of planet Earth must demand that the U.S. Government begin using honest accounting!


This fraud is why the United States of America appears to be the richest and most prosperous country in the history of the planet! $107.2 Trillion of imaginary-counterfeit money can certainly give the appearance of great wealth and prosperity! But this fraud creates wealth and prosperity for the elite while economically oppressing the U.S. Common Man!


Most of the planet has been fooled (See A Planet fooled) by this fiscal and accounting fraud that has created "A Fake America" while at the same time economically "Oppressing the Common Man"!


USAPonzi
is a classic Ponzi scheme of the same ilk as the Madoff Ponzi scheme ($50 Billion) but is more than 2,000 times larger because USAPonzi's current indebtedness is estimated to be $107.2 Trillion ($107.2T/$50B = 2,144).


The U.S. Government is economically "Oppressing the Common Man"!


This just may be the primary reason that the Alt-right is expressing their frustration with the current situation in the United States! When the U.S. Government finally admits to this fraud, we will have rioting in the streets all over the United States not just a 5000 person rally in Charlottesville, VA.


Economic oppression of this magnitude ($107.2 Trillion) can be suffocating! The Alt-right is demanding that they take back America but they will be infuriated, and I do mean totally outraged, when they find out that this is a systematically and fraudulently planned action by the U.S. Government to fraudulently enrich the U.S. upper class and economically oppress the U.S. Common Man!

 

National Debt  $20.0 Trillion 
Cash Deficit in FY2017  $0.68 Trillion 
GAAP Deficit in FY2017 
$5.52 Trillion 
US Unfunded Future Liabilities  $87.2 Trillion 
US Unfunded Liabilities (GAAP)  $107.2 Trillion 
Imaginary-Counterfeit Money 
$107.2 Trillion 
Total National Assets 

$133.2 Trillion 

Source: www.usdebtclock.org Aug 18, 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 ($107.2 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

Plano, TX