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

Robot Takeover caused by U.S. Government Fraud!
December 12, 2017
Emailed to WSJ/NYT/DMN, the US SEC, and Congressman Pete Sessions on 12/13/17


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, and “The Dallas Morning News” that explains how U.S. Government fiscal and accounting fraud is allowing robots to takeover the world! I am also sending this commentary to the U.S. Securities and Exchange Commission and Congressman Pete Sessions (R-32nd District of Texas).


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”!


Robot Takeover caused by U.S. Government Fraud!
December 12, 2017


Robots seem to be taking over the world! I contend that this is happening because the U.S. Government is corrupt! The U.S. Government is using an accounting system that is creating imaginary-counterfeit money out of “thin air” so Americans can buy stuff without having to lift a finger! If you do not have to work for your money why not buy a set of robots with your imaginary-counterfeit money that will do your every bidding and not complain?


The criminal U.S. Government is causing mass confusion and distortion in the global economy and the global financial system by using fraudulent accounting!


The U.S. Government is committing a fiscal and accounting fraud that is digitally printing imaginary-counterfeit money at the rate of $15.5 Billion a day and the daily rate is continuing to increase exponentially! This is making capital “free” in America and is continually devaluing labor. You can buy a lot of robots with an infinite amount of imaginary-counterfeit money!


This fraud, I call it USAPonzi, is caused by the U.S. Government not using proper GAAP (accrual accounting) Accounting!


The criminal U.S. Government is enriching the U.S. upper class and oppressing the U.S. Common Man by perpetrating a fiscal and accounting fraud for the last 48 years. This fraud has given the U.S. upper class $109.2 Trillion and has made it very difficult for the U.S. Common Man to find a meaningful job. The U.S. upper class has imaginary-counterfeit wealth that is on a path to infinity that they can use to buy robots that can do some jobs more quickly and more precisely than can any human.


When this Ponzi scheme (USAPonzi) that the U.S. Government is perpetrating implodes, the U.S. upper class will soon recognize that they cannot afford these robots. At that point, human labor will return to its rightful place in the global economy!


Americans are buying robots and most everything else they own, with imaginary-counterfeit money, $109.2 Trillion so far, that the U.S. Government has fraudulently borrowed from the future Americans! The corrupt U.S. Government has borrowed $109.2 Trillion of imaginary-counterfeit money from the future Americans, money that the future Americans do not have, so that the U.S. upper class can fraudulently buy big cars, big houses, private airplanes, and robots!


The corrupt U.S. Government is causing a dramatic economic and social gap between the haves and the have-nots by committing fiscal and accounting fraud! But the apparent wealth of the U.S. upper class is all a hoax that is being perpetrated by a corrupt U.S. Government! The U.S. upper class appears to be rich simply because the U.S. Government has borrowed $109.2 Trillion of imaginary-counterfeit money from the future Americans and given it to the U.S. upper class!


This fraud is caused by the U.S. Government not operating with proper GAAP (accrual accounting) Accounting!


The impact that this accounting fraud is having on the global economy may be best explained in Whistleblower Letter #13 that I sent to the U.S. Securities and Exchange Commission on November 25, 2017.


The criminal U.S. Government is perpetrating a fiscal and accounting fraud which is a criminal act that is colossally enriching the U.S. upper class and is colossally cheating the U.S. Common Man! This U.S. Government accounting fraud is producing imaginary-counterfeit capital that is on a path to infinity which is causing the value of American labor to approach zero!


Robots win over human labor when capital is “free”!


The criminal U.S. Government is “Cooking the Books” to make capital appear to be “free”! That is why the U.S. Federal Reserve Bank has kept interest rates low for so long; when money is “free”; banks cannot charge or pay much if any interest on their deposits!


This stash ($109.2 Trillion) and stream ($15.5 Billion a day) of imaginary-counterfeit money will both evaporate into the “thin air” from whence it came when USAPonzi implodes!

 

National Debt  $20.6 Trillion 
Cash Deficit in FY2018  $0.67 Trillion 
GAAP Deficit in FY2018  $5.66 Trillion 
US Unfunded Future Liabilities  $88.6 Trillion 
US Unfunded Liabilities (GAAP)  $109.2 Trillion 
Imaginary-Counterfeit Money  $109.2 Trillion 
Total National Assets  $135.9 Trillion 

Source: www.usdebtclock.org Dec 12, 2017


To eliminate this fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.


I have published a website www.usaponzi.net that explains how this fraud works to create a massive global wealth and income gap between the haves and the have-nots and to create false wealth and prosperity for the current Americans. The www.usaponzi.net website is an introduction to my more detailed website www.usaponzi.com and my books “USAPonzi” (Nov 22, 2015) and “USAPonzi2” (May 1, 2017) which are available on Amazon to better explain this fraud/Ponzi scheme.


This fraud/Ponzi scheme is also explained in “short story style” in my October 1, 2017 commentary USAPonzi CliffsNotes and in my October 8, 2017 commentary USAPonzi Elevator Speech.


This is the biggest ($109.2 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