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!
May 20, 2019


The U.S. Government is corrupt!


The U.S. Government is in the process of printing an infinite amount of counterfeit money to create infinite counterfeit wealth and prosperity in America!


The corrupt and criminal U.S. Government is committing a fiscal and accounting fraud that is in the process of printing an unending and ever-increasing (infinite) amount of counterfeit money by continuously and fraudulently borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!


The U.S. Government is committing a fiscal and accounting fraud, I call it USAPonzi, because the U.S. Government is not operating its fiscal policy with proper GAAP Accounting (Generally Accepted Accounting Principles)! The U.S. Government is not properly accruing the money to pay for future U.S. Government benefit promises!


The U.S. Government is running a classic Ponzi scheme (USAPonzi) that is fraudulently borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class!


The U.S. Government is creating counterfeit wealth and prosperity in America by printing an infinite amount of counterfeit money!


The U.S. Government prints this counterfeit money by paying U.S. Government benefits to the U.S. general public but not taxing the U.S. upper class enough to pay for these benefits!


The U.S. Government is not operating its fiscal policy with proper GAAP Accounting (Generally Accepted Accounting Principles) and therefore is not properly accruing the money to pay for future U.S. Government benefits to the U.S. general public!


The U.S. Government is printing counterfeit money, I call it imaginary-counterfeit money, by deferring public liabilities to the future Americans and giving it to the U.S. upper class by undertaxing them!


GAAP basis deficit spending by U.S. Government digitally prints imaginary-counterfeit money! Every dollar of GAAP basis deficit spending by the U.S. Government becomes an imaginary-counterfeit dollar in the pocket of the person or business that did not pay that tax dollar!


The U.S. Government has assumed $124.0 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) so the U.S. upper class can gain $124.0 Trillion of private assets! The U.S. upper class is getting richer and richer every day with imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans!


This money is imaginary because the future Americans do not have $124.0 Trillion!


This money is counterfeit because the future Americans can never pay these unending and ever-increasing public liabilities!


This is what makes a Ponzi scheme a Ponzi scheme; the early participants in the scheme get paid with money that is expected to come in from the late participants in the scheme!


The U.S. Government is enriching the U.S. upper class by undertaxing the U.S. upper class and cheating the U.S. general public by underfunding the future U.S. Government benefit promises to the U.S. general public!


This U.S. Government accounting fraud is fraudulently, systematically, and criminally creating the wealth and income gap in the United States of America!


The U.S. Government is giving the U.S. upper class $16.7 Billion of imaginary-counterfeit money every day and has already given the U.S. upper class $124.0 Trillion of imaginary-counterfeit money!


GAAP basis deficit spending by the U.S. Government prints imaginary-counterfeit money and gives it to the U.S. upper class!


GAAP Accounting, properly applied, would prevent the U.S. Government from borrowing more money from the future Americans than the future Americans can be reasonably expected to pay!


The U.S. Government must adopt GAAP Accounting (Generally Accepted Accounting Principles) and commit to a balanced GAAP basis budget in order to eliminate this fiscal and accounting fraud and properly accrue for the future U.S. Government benefit promises that have been made to the U.S. general public!


The United States of America appears to be rich and prosperous because the U.S. Government is corrupt!


The total wealth in America is estimated by the Federal Reserve Bank to be $150.8 Trillion (Total National Assets) but $124.0 Trillion of that is the imaginary-counterfeit money that has been fraudulently borrowed from the future Americans but unfortunately the future Americans do not have $124.0 Trillion!


The U.S. Government is corrupt and USAPonzi is a $124.0 Trillion fraud!


The U.S. taxpayers cannot pay for the U.S. Government current year spending on a cash basis (Cash Deficit in FY2019 = $0.95 Trillion) so how can the U.S. Government continue to pretend that the future Americans will be able pay $124.0 Trillion of deferred public liabilities at some point in the future!


Billionaires like Warren Buffett, Bill Gates, Jeff Bezos, the Saudi Princes, Vladimir Putin, and Donald J. Trump have become billionaires only because the U.S. Government has fraudulently borrowed $124.0 Trillion of imaginary-counterfeit money from the future Americans when the future Americans do not have $124.0 Trillion! USAPonzi has created millions of imaginary millionaires and hundreds of imaginary billionaires by printing trillions of imaginary-counterfeit dollars, so far $124.0 Trillion!


Americans, and people all over the planet, are filling up Planet Earth with cars, houses, airplanes, boats, apartment buildings, condo buildings, skyscrapers, warehouses, office buildings, restaurants, banks, smartphones, tennis shoes, computers, etc etc that are being bought, built, rented, and operated with some of the $124.0 Trillion of imaginary-counterfeit money that has been fraudulently borrowed from the future Americans with GAAP basis deficit spending!


The U.S. Government is causing Global Warming because the U.S. Government is in the process of fraudulently borrowing an infinite amount of imaginary-counterfeit money from the future Americans so the entire planet can buy, build, rent, and operate an infinite number of environment-polluting physical objects!


One of the more obvious problems produced by this Ponzi scheme is traffic jams! This accounting fraud is in the process of allowing Americans, and people all over the planet, to buy an infinite number of cars with the infinite amount of imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans!


Amazon is another product of this Ponzi scheme! Amazon is selling an unending and ever-increasing amount of stuff that we are purchasing with an unending and ever-increasing amount of imaginary-counterfeit money that the U.S. Government is in the process of fraudulently borrowing from the future Americans!


Amazon, as we currently know it, will go out of business when this accounting fraud is exposed! Amazon is an imaginary-counterfeit company that is selling an endless stream of stuff that is being purchased with an endless stream of imaginary-counterfeit money that the U.S. Government is creating out of “thin air” by fraudulently borrowing it from the future Americans and giving to the U.S. upper class by undertaxing them!


The corrupt and criminal U.S. Government is fraudulently borrowing imaginary-counterfeit money from the future Americans to produce counterfeit wealth and prosperity in America!


This imaginary-counterfeit money, currently $124.0 Trillion, will evaporate into the “thin air” from whence it came when USAPonzi implodes!

 

National Debt 
$22.3 Trillion 
Cash Deficit in FY2019 
$0.95 Trillion 
GAAP Deficit in FY2019 
$6.11 Trillion 
US Unfunded Future Liabilities 
$101.7 Trillion 
US Unfunded Liabilities (GAAP) 
 $124.0 Trillion 
Imaginary-Counterfeit Money 
$124.0 Trillion 
Total National Assets  $136.1 Trillion  

Source: www.usdebtclock.org May 20, 2019


This accounting 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!


You can learn more about this fraud/Ponzi scheme by reading my websites www.usaponzi.net and www.usaponzi.com or better yet by reading my fifth book on USAPonzi “USAPonziB” which is available on Amazon and also on my websites in Kindle and PDF formats.


This is the biggest ($124.0 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