USAPonzi-The Biggest Ponzi Scheme on the Planet-The U.S. Government

                    Copyright Declaration                                                                                                                                       John W. White    March 29, 2013

Printing Infinite Counterfeit Money-current
October 1, 2021


I am a whistleblower! The U.S. Government is corrupt!


The corrupt U.S. Government is “cooking the books” by operating its fiscal policy with Cash Accounting rather than proper GAAP Accounting! The corrupt U.S. Government is being run by common criminals that have committed a $157.5 Trillion crime by fraudulently borrowing $157.5 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!


The corrupt U.S. Government is committing a fiscal and accounting fraud by not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting)! The corrupt U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is fraudulently borrowing an infinite amount of money, I call it imaginary-counterfeit money, from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!


This infinite stream of imaginary-counterfeit money is shown graphically and explained further in my commentary Imaginary-Counterfeit Money-current.


The corrupt U.S. Government is in the process of fraudulently borrowing an infinite amount of money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class! The corrupt U.S. Government has fraudulently deferred $157.5 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans and undertaxed the U.S. upper class by $157.5 Trillion!


GAAP basis deficit spending
by the corrupt U.S. Government prints imaginary-counterfeit money and gives it to the U.S. upper class by undertaxing them! I call this money, imaginary-counterfeit money, because this money does not exist (imaginary) and has no value (counterfeit).


The future Americans have an infinite amount of imaginary-counterfeit money, after all it is imaginary!


See Whistleblower Letter #1 to Planet Earth for more details on this accounting fraud/Ponzi scheme!

 

US National Debt  $28.8 Trillion 
Cash Deficit in FY2021  $3.00 Trillion 
*GAAP Deficit in FY2021  $18.04 Trillion 
US Unfunded Future Liabilities  $128.7 Trillion 
US Unfunded Liabilities (GAAP)  $157.5 Trillion 
Imaginary-Counterfeit Money  $157.5 Trillion 
US Total National Assets  $198.6 Trillion 

Source: www.usdebtclock.org October 1, 2021
*GAAP Deficit-current


I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain this fraud and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can be downloaded from my www.usaponzi.net website.


John W White
Plano, TX