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

Saudi Wealth by U.S. Government Fraud 3/29/18
March 29, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 3/28/18


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post” and “The Dallas Morning News” that explains how U.S. Government fiscal and accounting fraud has created great wealth in Saudi Arabia and built pointless skyscrapers all over the Middle East!


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”!


The “news media” is aiding and abetting the corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud!


Saudi Wealth by U.S. Government Fraud 3/29/18
March 29, 2018


The corrupt and criminal U.S. Government has fraudulently created great wealth in Saudi Arabia and built pointless skyscrapers all over the Middle East!


Author's Note: It was five years ago today (March 29, 2013) that I launched this website (now 574 commentaries and 3 books) in an effort to expose and explain the impact of this massive ($112.6 Trillion) U.S. Government fiscal and accounting fraud!


Saudi Arabia appears to be one of the wealthiest countries on the planet! This wealth was made possible by a corrupt and criminal U.S. Government! The U.S. Government is committing fiscal and accounting fraud to produce $112.6 Trillion of imaginary-counterfeit money out of “thin air” so that Americans and other parts of the planet can pay $65-70 a barrel for their oil!


The corrupt and criminal U.S. Government is not operating its fiscal policy according to proper and Generally Accepted Accounting Principles (GAAP Accounting)! As a result of this accounting fraud, the U.S. Government has fraudulently borrowed $112.6 Trillion from the future Americans (US Unfunded Liabilities (GAAP)) and given it to the U.S. upper class so the planet can buy Saudi oil at exorbitant prices! This is fraud because the future Americans do not have $112.6 Trillion!


The corrupt and criminal U.S. Government is running a $112.6 Trillion Ponzi scheme that I call USAPonzi!


Americans are buying oil and all kinds of other stuff with $112.6 Trillion of monopoly money that the corrupt and criminal U.S. Government has fraudulently borrowed from the future Americans!


Fraud in Washington, DC has created fake wealth in Saudi Arabia!


Case closed!


This fraud is explained in a little more detail in my Open Letter to Planet Earth Mar 28, 2018!


This fraud has built pointless skyscrapers all over the Middle East! These giant monuments of waste will be a lasting memorial to the ongoing corruption in Washington, DC (See The Skyscraper Bubble)! These skyscrapers have been built with some of the $112.6 Trillion of imaginary-counterfeit money that the corrupt and criminal U.S. Government has fraudulently borrowed from the future Americans and given to the U.S. upper class!


To eliminate this massive ($112.6 Trillion) fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.

 

National Debt   $21.1 Trillion  
Cash Deficit in FY2018   $0.73 Trillion  
GAAP Deficit in FY2018   $5.99 Trillion  
US Unfunded Future Liabilities   $91.5 Trillion  
US Unfunded Liabilities (GAAP)   $112.6 Trillion  
Imaginary-Counterfeit Money   $112.6 Trillion  
Total National Assets   $137.5 Trillion  

Source: www.usdebtclock.org Mar 29, 2018


This fraud/Ponzi scheme (USAPonzi) is also explained on my website www.usaponzi.net and in my book “USAPonzi3”!


This is the biggest ($112.6 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