Saving Plant Earth 181214
Dec 14, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, Senator Ted Cruz, and Dallas Mayor Mike Rawlings on 12/13/18
The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post”, and “The Dallas Morning News” which explains how the U.S. Government must change its fiscal policy and accounting system in order to “Save Planet Earth”!
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! The U.S. Government should be operating its fiscal policy with accrual accounting!
Saving Plant Earth 181214
Dec 14, 2018
The U.S. Government is corrupt!
This is an “Open Letter to Planet Earth” that explains how the U.S. Government is committing a fiscal and accounting fraud that is causing the United States of America to appear to be the richest and most prosperous country on the planet!
This accounting fraud is in the process of Destroying Planet Earth!
This accounting fraud is in the process of printing an infinite amount of counterfeit money that the planet is using to buy, build, rent, and operate an infinite number of environment-polluting objects which are causing Global Warming that is Destroying Planet Earth!
I am writing this letter with the hope of Saving Planet Earth!
The U.S. Government is committing fiscal and accounting fraud by assessing and reporting its financial condition with Cash Accounting rather than proper GAAP Accounting (Generally Accepted Accounting Principles)!
Because the U.S. Government is not using the proper accounting system, the U.S. Government is promising future benefits to the U.S. general public but is not taxing the U.S. upper class enough to pay for these promises! The U.S. Government is not using accrual accounting!
Because of this accounting fraud, the U.S. upper class is getting rich and the U.S. general public is getting cheated! So far, the U.S. upper class has been given $115.9 Trillion (Unfunded Liabilities (GAAP)), the U.S. ruling class has been overpaid by $21.9 Trillion (National Debt), and the U.S. general public has been cheated by $94.0 Trillion (Unfunded Future Liabilities)!
Because the U.S. upper class is being undertaxed by $115.9 Trillion, the future Americans are now on the hook to pay $115.9 Trillion of deferred public liabilities which can never be paid! The U.S. Government is in the process of borrowing an infinite amount of money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!
The U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is borrowing money, I call it imaginary-counterfeit money, from the future Americans and giving it to the U.S. upper class!
This accounting fraud is creating an infinite amount of imaginary-counterfeit money out of “thin air” that the planet is using to fill Planet Earth with cars, airplanes, boats, tall buildings, big houses, banks, restaurants, factories, chemical plants, oil wells, smartphones, guns, bombs, etc. etc. that are being bought, built, rented, and operated with imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans!
This accounting fraud is Destroying Planet Earth because it is causing Global Warming by borrowing an infinite amount of imaginary-counterfeit money from the future Americans to buy, build and operate an infinite number of environment-polluting objects!
This accounting fraud is Destroying Social Justice on Planet Earth because it colossally enriching the upper class and colossally cheating the general public!
The U.S. Government is cheating the general public so that it can give infinite wealth to the upper class!
This accounting fraud is causing the Wealth and Income Gap by giving the upper class an infinite amount of imaginary-counterfeit money! So far, this accounting fraud has given the U.S. upper class $115.9 Trillion and is giving them $16.6 Billion more every day!
This accounting fraud is overpaying the U.S. ruling class, enriching the U.S. upper class, cheating the U.S. general public, and cheating the rest of the planet because Americans are buying stuff from the rest of the planet with imaginary-counterfeit money that has been fraudulently borrowed from the future Americans!
As an example, Americans are buying an unending and ever-increasing amount of stuff from Amazon without paying even one plugged nickel! We are buying stuff from Amazon with an unending and ever-increasing amount of imaginary-counterfeit money that the U.S. Government is fraudulently and continuously borrowing from the future Americans!
This U.S. Government accounting fraud is making the U.S. upper class richer and richer, is making the stock market go higher and higher, and is making the U.S. economy stronger and stronger by borrowing an unending and ever-increasing amount of imaginary-counterfeit money from the future Americans and giving it to the U.S. upper class!
The U.S. Government likes the U.S. upper class a lot more than it likes the U.S. general public! The U.S. upper class pays bigger bribes and makes bigger campaign contributions than the U.S. general public! The U.S. upper class has lots of money to pay bribes and make campaign contributions because the corrupt and criminal U.S. Government has fraudulently given the U.S. upper class $115.9 Trillion of imaginary-counterfeit money!
GAAP Accounting, properly applied, would prevent the U.S. Government from borrowing more money from the future Americans than the future Americans can be reasonably expected to pay!
The U.S. Government must adopt GAAP Accounting (Generally Accepted Accounting Principles) and commit to a balanced GAAP basis budget in order to eliminate this fiscal and accounting fraud and properly accrue for the future U.S. Government benefit promises that have been made to the U.S. general public!
The U.S. Government, and all sovereign entities that sponsor a currency that is used in international trade, must adopt GAAP Accounting, or its basic equivalent, to provide a level economic playing field in America and throughout the planet!
This fraud/Ponzi scheme (USAPonzi) is explained in much more detail on my websites www.usaponzi.net and www.usaponzi.com and in my books USAPonzi, USAPonzi2, USAPonzi3, and USAPonziA.
This is the biggest ($115.9 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.
Financial data sourced from www.usdebtclock.org as of Dec 14, 2018
John W White