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

Printing Counterfeit Money to enrich the Rich
June 5, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 6/5/18


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post”, and “The Dallas Morning News” that explains how the corrupt and criminal U.S. Government is “Printing Counterfeit Money to enrich the Rich! The U.S. Government is not using proper accrual accounting!


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 “colossally feather the nests of their upper-class friends”! The U.S. Government is not using proper accrual accounting!


The “news media” is aiding and abetting the corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud!


Printing Counterfeit Money to enrich the Rich

June 5, 2018


America appears to be the richest and most powerful country on Planet Earth simply because the U.S. Government is committing fiscal and accounting fraud!


The corrupt and criminal U.S. Government is not operating its fiscal policy with proper accrual accounting!


Because the corrupt and criminal U.S. Government is not properly accruing for future U.S. Government benefits:


The U.S. upper class is getting rich by $113.4 Trillion (US Unfunded Liabilities (GAAP))!
The U.S. ruling class is getting overpaid by $21.2 Trillion (National Debt)!
The U.S. general public is getting cheated by $92.2 Trillion (US Unfunded Future Liabilities)!
The rest of the planet is getting cheated because Americans are buying stuff with $113.4 Trillion of imaginary-counterfeit money!


The corrupt and criminal U.S. Government is fraudulently borrowing money, $113.4 Trillion so far, from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class!


The corrupt and criminal U.S. Government is “Printing Counterfeit Money to enrich the Rich”!


This fraud is in the process of giving infinite imaginary-counterfeit wealth to the U.S. upper class!


This fraud has already fraudulently given the U.S. upper class $113.4 Trillion!


This fraud has fraudulently deferred $113.4 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans so that it can fraudulently enrich the U.S. upper class by $113.4 Trillion of imaginary-counterfeit money!


The corrupt and criminal U.S. Government is using fraudulent accounting to produce counterfeit wealth and prosperity for the U.S. upper class and the U.S. ruling class!


The corrupt and criminal U.S. Government is not properly accruing for future U.S. Government benefit promises so that it can fraudulently enrich the U.S. upper class and the U.S. ruling class!


This fiscal and accounting fraud is fraudulently transferring infinite wealth to the U.S. upper class!


The corrupt and criminal U.S. Government is running a massive $113.4 Trillion Ponzi scheme, I call it USAPonzi, to create a “Fantasy World for the Elite” and to “Cheat the U.S. general public!


This fraud is a very simple fraud, the corrupt and criminal U.S. Government borrows money from the future Americans and gives it to the U.S. upper class!


This fiscal and accounting fraud is explained in more detail in my “Open Letter to Planet Earth 180525”!


The U.S. Government is filled with scoundrels, liars, cheaters, and criminals that are running a massive Ponzi scheme because they are not operating the U.S. Government fiscal policy with proper accrual accounting!


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


To eliminate this massive fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget. GAAP Accounting (Generally Accepted Accounting Principles) is the commonly used name in America for the accounting guidelines for accrual accounting.

 

National Debt   $21.2 Trillion  
Cash Deficit in FY2018   $0.76 Trillion  
GAAP Deficit in FY2018   $6.02 Trillion  
US Unfunded Future Liabilities   $92.2 Trillion  
US Unfunded Liabilities (GAAP)   $113.4 Trillion  
Imaginary-Counterfeit Money   $113.4 Trillion  
Total National Assets   $140.0 Trillion  

Source: www.usdebtclock.org Jun 5, 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”, “USAPonzi2”, and “USAPonzi3”!


This is the biggest ($113.4 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