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

Peak Fraud of the US Government 181122
November 22, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, Senator Ted Cruz, and Dallas Mayor Mike Rawlings 11/20/18


The following is an Op-Ed to “The Wall Street Journal”“The New York Times”“The Washington Post”, and “The Dallas Morning News” which asks the very important question “When will we reach Peak Fraud of the US Government?”


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”.


The “news media” is aiding and abetting the corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud! The U.S. Government should be operating its fiscal policy with accrual accounting!


Peak Fraud of the US Government 181122
November 22, 2018


The commentary marks the 55th anniversary of the incident that caused the Ponzi scheme that I now call USAPonzi! On November 22, 1963 Lee Harvey Oswald assassinated John Fitzgerald Kennedy and a scoundrel, Lyndon Baines Johnson, became President which caused a series of actions that has created what I call The Oswald Financial Bubble!


When will The Oswald Financial Bubble reach Peak Fraud?


For the last 49 years, the U.S. Government has been committing a fiscal and accounting fraud, by not using proper accrual accounting, that is fraudulently borrowing an unending and ever-increasing amount of imaginary-counterfeit money from the future Americans and giving it to the U.S. upper class!


This, now $115.6 Trillion, pool of imaginary-counterfeit money is The Oswald Financial Bubble!


The U.S. Government is promising U.S. Government benefits to the U.S. general public but is not taxing the U.S. upper class to pay for these promises! When the U.S. upper class does not have to pay for these future benefit promises, they appear to get filthy rich!


My question is, how much imaginary-counterfeit money will the U.S. Government give the U.S. upper class before the U.S. general public gets wise to the fact that the corrupt and criminal U.S. Government has hoodwinked them into thinking that they are going to get future benefits when the corrupt and criminal U.S. Government is actually cheating them so that it can colossally enrich the U.S. upper class and dramatically enrich the U.S. ruling class!


This fiscal and accounting fraud is fraudulently borrowing $16.6 Billion of imaginary-counterfeit money every day from the future Americans and giving it to the U.S. upper class!


This fiscal and accounting fraud has already fraudulently borrowed $115.6 Trillion of imaginary-counterfeit money from the future Americans and given it to the U.S. upper class!


This fiscal and accounting fraud is a classic Ponzi scheme, I call it USAPonzi, that is simply borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class! This Ponzi scheme has created $115.6 Trillion of imaginary-counterfeit money out of “thin air” and given it to the U.S. upper class!


How long can the corrupt and criminal U.S. Government get away this now $115.6 Trillion fraud before the U.S. general public becomes aware of the fact that the U.S. Government is lying to them by promising them future benefits that it has no intention or capability to pay!


GAAP Accounting reports the size of this fraud as the amount of public liabilities that have been deferred to the future Americans. The usdebtclock.org website reports these public liabilities as US Unfunded Liabilities (GAAP). How long can the U.S. Government get away with this fraud? What will be the Peak Fraud value of US Unfunded Liabilities (GAAP) when this Ponzi scheme implodes?


GAAP basis deficit spending by the U.S. Government prints imaginary-counterfeit money and gives it to the U.S. upper class by undertaxing them! This U.S. Government fiscal and accounting fraud is in the process of printing an infinite amount of imaginary-counterfeit money and giving it to the U.S. upper class!


The U.S. general public is going to be really, really pissed when they find out about this U.S. Government fiscal and accounting fraud that I call USAPonzi!


The rest of the planet is going to be really, really pissed when they find out about this U.S. Government fiscal and accounting fraud that I call USAPonzi!


The U.S. upper class and the U.S. ruling class are not going to be very happy either when USAPonzi implodes because the U.S. upper class will be at least $115.6 Trillion poorer than they think and the U.S. ruling class will be getting paid a whole hell of a lot less than what they are currently making!


The U.S. general public is going to be devastated when USAPonzi implodes because suddenly the U.S. Government will not be able to pay them the outrageous benefits that they have been counting on!


The rest of the planet is going to be devastated when USAPonzi implodes because suddenly Americans will not have the money to buy everything under the sun with imaginary-counterfeit money that the U.S. Government has been fraudulently borrowing from the future Americans!


The entire planet is headed toward a devastating global depression that will rival The Great Depression when USAPonzi implodes!


When will we reach Peak Fraud?


When USAPonzi Implodes!


This is without question the biggest financial fraud ever perpetrated and it is being perpetrated by the corrupt and criminal U.S. Government!


USAPonzi is a $115.6 Trillion fraud that is growing by $16.6 Billion a day!


The U.S. Government is borrowing money, $16.6 Billion a day, from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class!


The U.S. Government is corrupt!


The senior officials of the U.S. Government are common criminals that have committed a $115.6 Trillion criminal act by not operating the U.S. Government fiscal policy with proper accrual accounting! The senior officials of the U.S. Government are common criminals because they are direct financial beneficiaries of this massive fraud! The corrupt and criminal U.S. Government is overpaying itself with imaginary-counterfeit money!


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


I have sent 14 whistleblower letters to the U.S. Securities and Exchange Commission, a whistleblower letter to every member of the U.S. Congress, and 9 whistleblower letters to each member of the U.S. Supreme Court so that all three branches of the U.S. Government would be informed of this massive fraud!


I have also sent over 200 Op-Eds to the “mainstream media” in an attempt to expose this massive fraud to the citizens of Planet Earth! None of these Op-Ed candidates have been published!


This massive fraud is explained in more detail in my Open Letter to US Government, my Open Letter to Planet Earth, and my Open Letter to US General Public!


I have presented specific fraud charges against the U.S. Government in my Fraud Charges against US Government commentary!


I have also explained this fraud to the International Monetary Fund in my Open Letter to the International Monetary Fund commentary!


To eliminate this massive ($115.6 Trillion) fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.

 

National Debt  $21.8 Trillion 
Cash Deficit in FY2019  $0.83 Trillion 
GAAP Deficit in FY2019  $6.06 Trillion 
US Unfunded Future Liabilities  $93.8 Trillion 
US Unfunded Liabilities (GAAP)  $115.6 Trillion 
Imaginary-Counterfeit Money  $115.6 Trillion 
Total National Assets  $150.7 Trillion 

Source: www.usdebtclock.org Nov 22, 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” 11/22/15, “USAPonzi2 5/1/17, “USAPonzi3 2/1/18, and “USAPonziA 9/1/18! Each of these books have updates that I made every few days until the next book was published. I have published 681 commentaries since March 29, 2013 in an attempt to explain and expose this massive U.S. Government fraud!


This is the biggest ($115.6 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