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

Printing Infinite Counterfeit Money! 180914
September 14, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 9/14/18


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 U.S. Government is “Printing Infinite Counterfeit Money and giving it to the U.S. upper class by committing fiscal and accounting fraud!


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!


Printing Infinite Counterfeit Money! 180914

September 14, 2018


U.S. Government accounting fraud is creating infinite counterfeit wealth for the U.S. upper class!


U.S. Government accounting fraud is the cause of the wealth and income Gap!


The U.S. Government is digitally printing an infinite amount of counterfeit money and giving it to the U.S. upper class by not operating its fiscal policy with proper GAAP Accounting and a balanced GAAP basis budget!


The U.S. Government is in the process of digitally printing an infinite amount of counterfeit money with GAAP basis deficit spending!


The U.S. Government GAAP deficit in FY2018 is estimated to be $6.05 Trillion!


GAAP basis deficit spending borrows money from the future Americans, money the future Americans do not have, and gives it to the current Americans, primarily to the U.S. upper class by undertaxing them!


I call this fraudulently borrowed money, imaginary-counterfeit money!


The U.S. Government is operating a Ponzi scheme, I call it USAPonzi, that is borrowing an ever-increasing amount of money from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class!


Let me say that one more time!


The U.S. Government is operating a Ponzi scheme, I call it USAPonzi, that is borrowing an ever-increasing amount of money 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 operating with fraudulent accounting so that it can digitally print an infinite amount of counterfeit money and give it to the U.S. upper class!


That is why the U.S. upper class is getting richer and richer!


That is why the stock market is going higher and higher!


That is why the U.S. and global economies are getting stronger and stronger!


The corrupt and criminal U.S. Government has already digitally printed $114.7 Trillion of counterfeit money and given it to the U.S. upper class!


The corrupt and criminal U.S. Government is digitally printing $16.6 Billion more counterfeit money every day and giving it to the U.S. upper class with ongoing GAAP basis deficit spending!


The amount of counterfeit money that the corrupt and criminal U.S. Government prints each day, currently $16.6 Billion, will increase exponentially because the corrupt and criminal U.S. Government must pay interest on the $114.7 Trillion (US Unfunded Liabilities (GAAP)) that the corrupt and criminal U.S. Government has already fraudulently borrowed from the future Americans!


The corrupt and criminal U.S. Government is promising benefits to the U.S. general public but is not accruing the money to pay for these future benefit promises!


The corrupt and criminal U.S. Government is not using proper and Generally Accepted Accounting Principles (GAAP Accounting)!


The corrupt and criminal U.S. Government is giving counterfeit money to the U.S. upper class every day ($16.6 Billion) because the U.S. Government is not using proper accrual accounting!


The corrupt and criminal U.S. Government is cheating the U.S. general public every day because it is not accruing the money to pay future benefit promises!


GAAP basis deficit spending is digitally printing what I call imaginary-counterfeit money and giving it to the U.S. upper class by undertaxing them!


The corrupt and criminal U.S. Government is fraudulently enriching the U.S. upper class and cheating the U.S. general public by not using proper accrual accounting!


The corrupt and criminal U.S. Government is fraudulently borrowing money from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!


This fraud has fraudulently enriched the U.S. upper class by $114.7 Trillion by undertaxing them!


This fraud has cheated the U.S. general public by $93.2 Trillion because the U.S. Government is not funding the future benefit promises that it has made to the U.S. general public!


This fraud has overpaid the U.S. ruling class by $21.5 Trillion because the U.S. Government has fraudulently borrowed $21.5 Trillion from the fraudulently enriched upper class so that they can overpay themselves!


This fraud, if it is allowed to continue, will print an infinite amount of counterfeit money and give it to the U.S. upper class!


The corrupt and criminal U.S. Government has technically committed at least four crimes!


1) The corrupt and criminal U.S. Government has fraudulently borrowed $114.7 Trillion from the future Americans to fraudulently enrich the U.S. upper class!


2) The corrupt and criminal U.S. Government has promised to pay government benefits to the U.S. general public that it has fraudulently underfunded by $93.2 Trillion!


3) The corrupt and criminal U.S. Government has fraudulently borrowed $21.5 Trillion from the fraudulently enriched upper class to fraudulently enrich the U.S. ruling class!


4) The corrupt and criminal U.S. Government has fraudulently borrowed $114.7 Trillion of imaginary-counterfeit money from the future Americans so the current Americans can fraudulently buy stuff from the rest of the planet without paying for it!


The U.S. Government is corrupt!


The senior officials of the U.S. Government are common criminals that have committed a $114.7 Trillion criminal act by not operating its 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 U.S. Government commentary!


To eliminate this massive ($114.7 Trillion) fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.

 

National Debt  $21.5 Trillion 
Cash Deficit in FY2018  $0.86 Trillion 
GAAP Deficit in FY2018 
$6.05 Trillion 
US Unfunded Future Liabilities  $93.2 Trillion 
US Unfunded Liabilities (GAAP)  $114.7 Trillion 
Imaginary-Counterfeit Money 
$114.7 Trillion 
Total National Assets 

$138.1 Trillion 

Source: www.usdebtclock.org Sep 14, 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 650 commentaries since March 29, 2013 in an attempt to explain and expose this U.S. Government fraud!


This is the biggest ($114.7 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