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

Sanders leads Democrat primary with Socialist Lies 200228
February 28, 2020
Emailed to The United Nations, 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, and NYT/WSJ/WP/DMN/CNBC on 2/28/20



Bernie Sanders appears to be assuming a commanding lead in the Democrat presidential primary because he is willing to tell bigger lies than the rest of the candidates!


Bernie Sanders has got to know that he is lying, or he is too foolish to even be considered for President of the United States of America! Lying or foolish, either one should disqualify him as a candidate for president!


Sanders promotes himself as a Democratic Socialist and in that role he is promising free U.S. Government benefits for everyone that the voters really like; and who wouldn't? He is promising to forgive student loans, make college free, and provide free healthcare-for-all!


The problem is this, how can we possibly pay for these free benefits? The answer is we cannot, and as I will show in this commentary, it takes fraudulent accounting by the U.S. Government to make current U.S. Government benefits appear to be payable! The current U.S. Government benefit promises are underfunded by $105.0 Trillion!


The corrupt U.S. Government is running a Con Game, I call it USAPonzi, to make America appear to be wealthy and prosperous and therefore be able pay current benefits! The U.S. Government is not operating its fiscal policy with proper and
 Generally Accepted Accounting Principles (GAAP Accounting), and as a result fraudulently borrows imaginary-counterfeit money from the future Americans and gives it to the U.S. upper class!


This accounting fraud has borrowed $128.4 Trillion of imaginary-counterfeit money from the future Americans and given it the U.S. upper class so we can buy things without having to pay for them!


We can't afford the cars, airplanes, houses, TVs, computers, smartphones, etc. etc. that we currently have because we have purchased them with imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans!


We can't afford the military arsenal that we have now because we have paid for it with imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans!


We can't afford the current healthcare (Medicare, Medicaid, drugs), Social Security, pensions, and veteran's benefits because the U.S. Government has had to defer the cost of these benefits to the future Americans!


The U.S. upper class has gotten filthy rich because the U.S. Government is not accruing the money to pay for these future benefits and, as a result, is borrowing imaginary-counterfeit money, so far $128.4 Trillion, from the future Americans and giving it to the U.S. upper class!


Elizabeth Warren, while not claiming to be a socialist, has a progressive agenda that includes healthcare-for-all that she claims she can to pay for by taxing the the imaginary-counterfeit wealth of the U.S. upper class that has been fraudulently borrowed from the future Americans! Taxing money that does not exist does not produce much sustainable revenue!


Bernie Sanders claims that he can pay for his socialist agenda with a small tax on the Wall Street transactions that are being financed with the imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans! Taxing transactions that are buying and selling financial assets, with imaginary-counterfeit money that does not exist, in entities that appear to have value because we are buying and selling their products and services with imaginary-counterfeit money that does not exist, does not produce much sustainable revenue!


Until the U.S. Government starts using honest accounting (GAAP Accounting) so that we are buying and selling things with real money, we will not know what U.S. Government benefits are affordable and what are not!


What Elizabeth Warren is promising is not affordable!


What Bernie Sanders is promising is not affordable!


What the U.S. Government is promising is not affordable (underfunded by $105.0 Trillion)!


While the Democratic Socialist proposals of Bernie Sanders are unaffordable and dangerous if implemented, the corruption within the U.S. Government is orders of magnitude more dangerous to the survival of Planet Earth!


USAPonzi is causing Global Warming that is destroying Planet Earth!


I have tried 4 times to convince the U.S. Congress that they are committing a fiscal and accounting fraud!


Whistleblower Letter #4 to the U.S. Congress January 20, 2020



National Debt  $23.4 Trillion 
Cash Deficit in FY2020  $1.06 Trillion 
GAAP Deficit in FY2020  $6.13 Trillion 
US Unfunded Future Liabilities  $105.0 Trillion 
US Unfunded Liabilities (GAAP)  $128.4 Trillion 
Imaginary-Counterfeit Money  $128.4 Trillion 
Total National Assets  $146.3 Trillion 

Source: www.usdebtclock.org February 28, 2020


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 seventh book on USAPonzi “USAPonziD which is available on Amazon.


This is the biggest ($128.4 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Great American Fraud and “The Biggest Ponzi Scheme on the Planet”!


John W. White
Plano, TX