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

Russian Interference in America? 190622
June 22, 2019
Emailed to Fed Chair Jay Powell, 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, NYT/WSJ/WP/DMN, and Dallas Mayor Eric Johnson on 6/22/19
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When did Russia start interfering in the affairs of the United States of America?


For the last six years, I have been trying to explain and expose how the U.S. Government is committing a fiscal and accounting fraud to fraudulently and dramatically elevate the financial, economic, political, and military position of the United States of America relative to the rest of planet earth. In this endeavor, I have tried to state “facts as I best know them” to present my case.


In this commentary, I will purposely stray from this “facts as I best know them” posture to present a conspiracy conjecture as to how this accounting fraud might have gotten started.


Before I state my conspiracy conjecture, let me again give a brief statement of this accounting fraud that I call USAPonzi:


The U.S. Government is not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting) and therefore is not properly accruing for future benefit promises to the U.S. general public!


The U.S. Government is promising and paying benefits to the U.S. general public but is not taxing the U.S. upper class enough to pay for these benefits! Because of this unbalanced U.S. Government budget, the U.S. upper class is getting rich (by $124.5 Trillion by being undertaxed) and the U.S. general public is getting cheated (by $102.1 Trillion by the underfunding of future benefits)! This is an accounting fraud because the U.S. Government has fraudulently deferred $124.5 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans, that can never be paid, so that it can give the U.S. upper class $124.5 Trillion of imaginary-counterfeit money by undertaxing them!


My conspiracy conjecture is this; Russia (USSR) may have been involved in the assassination of John F. Kennedy by Lee Harvey Oswald which got Lyndon Baines Johnson into the White House! It was Lyndon Baines Johnson that proposed the Unified Budget to the 90th Congress that launched the Ponzi scheme that I call USAPonzi. USAPonzi has now printed $124.5 Trillion of imaginary-counterfeit money that has fraudulently enriched Americacolossally enriched the U.S. upper class, colossally cheated the U.S. general public, colossally cheated the rest of the planet, and is destroying planet earth!


My websites (www.usaponzi.net and www.usaponzi.com) and my five books (the latest is USAPonziB) allude to this Russian interference conspiracy theory by calling this now $124.5 Trillion bubble of imaginary-counterfeit money The Oswald Financial Bubble!


The Russians surely had reason to want to eliminate JFK, in part because of the Cuban Missile Crisis of October 1962, but did they go so far as to work with parts of the U.S. Government to set up the fiscal and accounting fraud that I now call USAPonzi? Was this fiscal and accounting fraud an intentional act by a Russian/American conspiracy? Or was this accounting fraud an accidental act by a U.S. Government that did not understand the implications of this accounting fraud? Or was this accounting fraud an intentional act by a conspiracy within the “deep state” of the U.S. Government that knew exactly what they were doing?


I think the best and most favorable explanation, for America, of how USAPonzi got started is that this accounting fraud was originally an accidental act by the U.S. Government! However, the continuation of this fraud for half a century can not be an accident! The “deep state” within the U.S. Government has known about this fraud for years but there is no rational and transitional exit path for returning to honest accounting! Therefore, no one in government has the intestinal fortitude to expose this fraud and suffer the political and personal consequences of knowing about this fraud and not exposing it sooner!


Further, the massive physical damage that has been done to Planet Earth by this accounting fraud will be difficult if not impossible to repair so no one wants to be the one to expose it! This accounting fraud is in the process of filling up Planet Earth with an infinite number of environment-polluting physical objects that will be useless when this fraud is exposed! This is what has Planet Earth on a path to Global Warming Apocalypse!


Further, the massive social injustice that has been done to Planet Earth by this accounting fraud will be difficult to reconcile and repair so no one wants to be the one to expose it! This accounting fraud is colossally enriching the elite and oppressing the rest! The oppressed will be really, really mad at the oppressors when this fraud is exposed!


My conspiracy conjecture is that Russian interference in American politics far precedes the current time period and could have even been responsible, either directly or indirectly, for The Ultimate Government Fraud that I call USAPonzi when it was launched in FY1969!


Whether this was a fiscal policy accident by an incompetent U.S. Government or an intentional criminal act of accounting fraud by an unknown conspiratorial group, the corrupt and criminal U.S. Government has fraudulently borrowed $124.5 Trillion of imaginary-counterfeit money from the future Americans, money the future Americans do not have, and given it to the U.S. upper class by undertaxing them!


Let me be clear, the corrupt and criminal U.S. Government has digitally and fraudulently printed $124.5 Trillion of monopoly money and given it to the U.S. upper class!


The corrupt and criminal U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is printing counterfeit money, I call it imaginary-counterfeit money, and giving it to the U.S. upper class by undertaxing them! So far, this accounting fraud has digitally printed $124.5 Trillion of imaginary-counterfeit money and given it to the U.S. upper class which is causing Global Warming that is Destroying Planet Earth (See Global Warming Apocalypse)!



National Debt  $22.4 Trillion 
Cash Deficit in FY2019  $1.01 Trillion 
GAAP Deficit in FY2019  $6.12 Trillion 
US Unfunded Future Liabilities  $102.1 Trillion 
US Unfunded Liabilities (GAAP)  $124.5 Trillion 
Imaginary-Counterfeit Money  $124.5 Trillion 
Total National Assets  $152.5 Trillion 

Source: www.usdebtclock.org June 22, 2019


The U.S. Government is committing a
$124.5 Trillion fiscal and accounting fraud!


This fraud/Ponzi scheme is explained in more detail on my websites www.usaponzi.net and www.usaponzi.com and in my fifth book on this Ponzi scheme, USAPonziB!


John W White

Plano, TX