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

Quadrilogy of Global Crises 200908
September 8, 2020
Emailed to The United Nations, Fed Chair Jay Powell, St Louis Fed President James Bullard, Minneapolis Fed President Neel Kashkari, Dallas Fed President Robert Kaplan, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, The U.S. SEC, and NYT/WSJ/WP/DMN/CNBC on 9/8/20.


Planet Earth is facing a Quadrilogy of Global Crises: Economy, ClimateHealth, and Hunger!


This is my 909th commentary that I have written in an attempt to expose the U.S. Government fiscal and accounting fraud that I call USAPonzi“The Great American Fraud” and “The Biggest Ponzi Scheme on the Planet”! All four of these global crises have been or will be caused by USAPonzi!


Economy-Inequitable Economy
Climate-Global Warming
Health-Coronavirus Pandemic
Hunger-Hunger Pandemic


John W. White
Plano, TX 


We have a global economic crisis because the corrupt U.S. Government has fraudulently borrowed $154.3 Trillion from the future Americans and given it to the U.S. upper class! We have a global economic crisis because the corrupt U.S. Government is fraudulently enriching the U.S. upper class by
cheating the U.S. general public! This global economic crisis is now being exposed because the fraudulent global economy is being slowed down by the Coronavirus Pandemic!


We have a global climate crisis because the fraudulent global economy is causing Global Warming! We have a global health crisis because the fraudulent global economy is causing the Coronavirus Pandemic! We have a looming global hunger crisis because the fraudulent global economy is causing the Hunger Pandemic!


These four crises are inter-related and all four have the same root cause!


Root Cause


I contend that the root cause of all four of these crises is U.S. Government accounting fraud! The corrupt U.S. Government is not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting)! By not using GAAP Accounting (accrual accounting), the corrupt U.S. Government is operating a classic Ponzi scheme, I call it USAPonzi, that is in the process of borrowing an infinite amount of money, I call it imaginary-counterfeit money, from the future Americans and giving it to the U.S. upper class!


This accounting fraud has dramatically accelerated the consumption rate for the entire planet because the corrupt U.S. Government has now borrowed $154.3 Trillion of imaginary-counterfeit money from the future Americans and given it to the U.S. upper class! The corrupt U.S. Government has tricked the U.S. general public into thinking they will get future benefits when in fact the corrupt U.S. Government is not accruing for these future benefits and instead is printing imaginary-counterfeit money to enrich the U.S. upper class and the U.S. ruling class!


The key thing that people do not understand, or do not want to understand, is that the United States of America appears to be the richest country on the planet simply because the corrupt U.S. Government has deferred $154.3 Trillion of public liabilities to the future Americans with GAAP basis deficit spending!


This is a $154.3 Trillion accounting fraud!


And the U.S. upper class is the primary beneficiary of this fraudulent wealth gain because they are being undertaxed!


Economy Crisis


The corrupt U.S. Government is not operating it fiscal policy with proper accrual accounting which means that the corrupt U.S. Government is making future benefit promises to the U.S. general public and is not taxing the U.S. upper class to accrue for these future benefits.


The corrupt U.S. Government is enriching the U.S. upper class and cheating the U.S. general public by not accruing the money to fulfill its future benefit promises!


The corrupt U.S. Government is in the process of giving the U.S. upper class an infinite amount of imaginary-counterfeit money when the U.S. general public has to work for real money that is nominally proportional to the time spent working!


When the U.S. upper class gets paid with an unending and ever-increasing (infinite) amount of imaginary-counterfeit money and the U.S. general public earns a relatively fixed amount of real money, it does not take long for a massive wealth and income gap to materialize!


This global economy crisis will come to a climax when this Ponzi scheme implodes and the U.S upper class realizes that their imaginary-counterfeit wealth has evaporated and the U.S. general public realizes that their future benefit promises cannot be paid because the corrupt U.S. Government has not accrued the money to pay these benefits!


At that point in time, neither the U.S. upper class or the U.S. general public will have any money and the global economy will fall into “The Greatest Depression”! The global economy will pay the price for having accelerated the consumption rate by borrowing an infinite amount, so far $154.3 Trillion, of imaginary-counterfeit money from the future Americans so the current Americans can spend money they do not have!


Fraudulent accounting by the corrupt U.S. Government is the cause of the economic inequality in America!


I keep saying the same thing over and over because nobody wants to believe that the corrupt U.S. Government would steal $154.3 Trillion from the future Americans and give it to the U.S. upper class!


I know this sounds preposterous but that is what is happening!


Climate Crisis


This U.S. Government accounting fraud, that I call USAPonzi, is causing Global Warming!


The climate crisis is being caused by Global Warming that has occurred because the U.S. Government accounting fraud that, I call USAPonzi, is in the process of borrowing an infinite amount of imaginary-counterfeit money from the future Americans so the entire planet can build and buy an infinite number of environment-polluting physical objects!


An infinite amount, so far $154.3 Trillion, of imaginary-counterfeit money can buy a lot of environment-polluting physical objects! This U.S. Government accounting fraud is in the process of building and buying an infinite number of smartphones, cars, airplanes, houses, apartments, condos, airports, cities, etc. etc. etc.


Apple had a market cap of $2.069 Trillion, as of September 4, 2020, simply because the corrupt U.S. Government has fraudulently borrowed $154.3 Trillion of imaginary-counterfeit money from the future Americans so we can buy a lot of iPhones!


Apple will not sell many new iPhones for a long, long, time after USAPonzi is properly exposed!


Tesla had a market cap of $390.5 Billion, as of September 4, 2020, simply because the corrupt U.S. Government has fraudulently borrowed $154.3 Trillion of imaginary-counterfeit money from the future Americans so we can buy a lot of Teslas!


Tesla, and Elon Musk, will not sell many new Teslas for a long, long time after USAPonzi is properly exposed!


Global Warming is caused by the corrupt U.S. Government printing an infinite amount of imaginary-counterfeit money simply by deferring an infinite amount of public liabilities to the future Americans, that will never be paid, so the entire planet can build and buy an infinite number of environment-polluting physical objects


Health Crisis


This U.S. Government accounting fraud, that I call USAPonzi, is causing the Coronavirus Pandemic!


The health crisis is caused by the U.S. Government accounting fraud printing an infinite amount of imaginary-counterfeit money so people all over the planet can live wherever they want to! People can live wherever they want to when the corrupt U.S. Government is printing imaginary-counterfeit money and stuffing it into the pockets of the U.S. upper class with GAAP basis deficit spending. The entire developed planet is living, at least to some degree, on the imaginary-counterfeit money that the corrupt U.S. Government is fraudulently borrowing from the future Americans.


This infinite stream of imaginary-counterfeit money has caused many people to want to live in cities in close proximity to one another. This packing of people closer and closer together has created petri dishes of humanity that can readily transmit germs locally. When the corrupt U.S. Government prints an infinite supply of imaginary-counterfeit money more and more people can live closer and closer together.


One only has to look around the cities in the United States and observe the number of huge apartment complexes that are being constructed! There are not any real-work jobs for the people living in these densely packed apartments, but the corrupt U.S. Government is printing an infinite amount of imaginary-counterfeit money to, for now, give the people living in these apartments an imaginary-counterfeit income!


When this Ponzi scheme implodes, we will have a lot of people living in nice, even luxurious, apartments with no money, no income, and no job


Further, this infinite stream of imaginary-counterfeit money has dramatically increased the mobility of the global population! We are buying and driving cars with imaginary-counterfeit money! We are buying and flying airplanes with imaginary-counterfeit money! We are buying and sailing boats with imaginary-counterfeit money! When the corrupt U.S. Government prints an infinite amount of imaginary-counterfeit money, in theory, the entire planet will eventually be able to drive, fly, and sail wherever and whenever they want to without spending a penny of earned income!


Most of the airplanes that have already been fraudulently built, will be sitting in airplane graveyards when USAPonzi implodes, and we will have maybe 5-10% of the number flights that we had before the Coronavirus Pandemic forced the airlines to cancel a lot of flights!


Boeing and Airbus will not need to build any new airplanes for a long, long time after USAPonzi implodes!


We are flying all over planet earth on plane tickets that are being bought with the imaginary-counterfeit money that the corrupt U.S. Government has fraudulently borrowed from the future Americans!


$154.3 Trillion of imaginary-counterfeit money can pay for a lot of plane tickets!


This U.S. Government fraud has made it possible for germs to be spread far and wide almost immediately by fraudulently funding global travel with imaginary-counterfeit money that it has been fraudulently borrowed from the future Americans!


The global response to this Coronavirus Pandemic is masks and social distancing to minimize the transmission of Covid-19 germs locally and to restrict global traveling to minimize the transmission of Covid-19 germs globally!


Fraudulent accounting is burning us up and packing us together while the Coronavirus is pushing us apart!


The U.S. Government fraud, that I call USAPonzi, is printing an infinite amount of imaginary-countefeit money that is causing people to get closer and closer together, some call this packing, and to send germs globally, some call this mixing, by allowing people to travel whenever and wherever they want to without having to pay for their travel expenses!


The Coronavirus Pandemic has been caused by the corrupt U.S. Government printing an infinite amount of imaginary-counterfeit money!


Hunger Crisis


This U.S. Government accounting fraud, that I call USAPonzi, will cause a Hunger Pandemic!


A large percentage of the U.S. (and global) population does not work because the corrupt U.S. Government is printing money, I call it imaginary-counterfeit money, to support an idle life style for them! This has caused the U.S. population to become a consumer of food without most of them having to produce any food!


The corrupt U.S. Government has printed $154.3 Trillion of imaginary-counterfeit money by borrowing it from the future Americans and giving it to the U.S. upper class! This exponentially increasing amount of imaginary-counterfeit money has caused the creation of large corporations, many of them sweat shops, that produce our food!


These mass food production corporations tend to be concentrated around the most fertile lands and then ship the food to consumers that may be hundreds of miles from the point of production! This imaginary-counterfeit money also pays for the transportation of this food to the remote consumers! We are buying trucks, planes, and fuel with this imaginary-counterfeit money, so it appears that food delivery is 'free'!


When this Ponzi scheme fiscal policy is exposed, this stash and stream of imaginary-counterfeit money will evaporate and the food producers will not be able to afford to ship their food to the food consumers and the food consumers with not be able to pay for it!


If the corrupt U.S. Government was using proper accounting, we would recognize that the only way to sustainably produce and distribute food is to produce it locally and distribute it locally! This means that most Americans should be producing the food that they consume by living in rural areas rather than living in dense urban areas and buying their food with monopoly money!


One only needs to observe that major cities do not typically have enough food production in close proximity to the city that would be adequate to feed the city! More and more of the arable land around big cities is lying fallow because it is easier to buy food with imaginary-counterfeit money than to cultivate the land to produce food!


This accounting fraud is causing us to concentrate people in big cities that are actually food deserts and city people can only survive by shipping in food from remote points of production that is being purchased and shipped with imaginary-counterfeit money that the corrupt U.S. Government is fraudulently borrowing from the future Americans!


Our big cities are being filled with idle hands that have enough imaginary-counterfeit money and plenty of time to complain about their plight! And complain they should, because the corrupt U.S. Government is committing a fiscal and accounting fraud that is causing Economic Inequality that is enriching the U.S. upper class by cheating the U.S. general public!


However, we will need to reconfigure the population of America and put most of the people to work producing something of real value to the economy!


America is living dramatically beyond its means because the corrupt U.S. Government is in the process of fraudulently borrowing an infinite amount of imaginary-counterfeit money, so far $154.3 Trillion, from the future Americans and giving it to the U.S. upper class!


The Hunger Pandemic will be caused by the corrupt U.S. Government printing an infinite amount of imaginary-counterfeit money!


Economy, Climate, Health, or Hunger?


The USAPonzi economy that is printing an infinite supply of imaginary-counterfeit money has created an opulent and idle lifestyle for most of the U.S. upper class and a life of idleness for much of the U.S. general public! The USAPonzi economy has misconfigured the living and working accommodations on planet earth by packing people together which limits their access to jobs that create something of real value, like food, to the global economy!


Today, much of the real work in America is being done by immigrant labor because Americans can pay for this work with imaginary-counterfeit money that the corrupt U.S. Government is fraudulently borrowing from the future Americans!


So how do we address this dilemma? If the corrupt U.S. Government keeps printing imaginary-counterfeit money then the climate crisis, the health crisis, and the hunger crisis will continue and become more and more intense until the Death of Planet Earth! If the U.S. Government starts telling the financial truth and stops printing imaginary-counterfeit money the global economy will fall into “The Greatest Depression” causing chaos and possibly even dramatic loss of life!


Unfortunately, the only rational choice is to accept “The Greatest Depression” because the other choice would surely lead to the Death of Planet Earth!


Further, this U.S. Government accounting fraud, that I call USAPonzi, may have already done irreparable damage to Planet Earth and to the population of Planet Earth!


In any scenario, we must try to return to a much more modest lifestyle for the entire planet in which money spent is money earned! Enriching the elite by cheating the common man creates discord and resentment that will surely lead to civil unrest when the nature of this economic inequality is properly exposed to the common man!


The following is a link to my 15th Whistleblower Letter to the US Securities and Exchange Commission in an attempt to expose this U.S. Government accounting fraud (USAPonzi) that is causing an Inequitable Economy, Global Warming, and the Coronavirus Pandemic and will cause the Hunger Pandemic!


SEC Whistleblower Letter #15


The following table gives a summary assessment of the U.S. Government financial condition as of September 8, 2020 as estimated by www.usdebtclock.org.



National Debt 
$26.7 Trillion 
Cash Deficit in FY2020  $2.92 Trillion 
*GAAP Deficit in FY2020  >$28.2 Trillion 
US Unfunded Future Liabilities  $127.6 Trillion 
US Unfunded Liabilities (GAAP)  $154.3 Trillion 
Imaginary-Counterfeit Money  $154.3 Trillion 
Total National Assets  $126.3 Trillion 

Source: www.usdebtclock.org September 8, 2020
*usdebtclock.org has stopped explicitly reporting the GAAP Deficit. The GAAP Deficit is implicitly reported as the change in US Unfunded Liabilities (GAAP)US Unfunded Liabilities (GAAP) were $126.1 Trillion on October 1, 2019 the start date for FY2020, therefore the GAAP Deficit in FY2020 will be >$28.2 Trillion (>$154.3T-$126.1T = >$28.2T).


I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain this accounting 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.


This is the biggest ($154.3 Trillionfinancial fraud ever perpetrated, I call it “USAPonzi: The Great American Fraud” and “The Biggest Ponzi Scheme on the Planet”!


John W. White
Plano, TX