Superpower by Fraud, The United States of America
September 6, 2017 Emailed to WSJ/NYT/DMN 9/6/17
The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains how the United States of America has become the planet's "dominant superpower" by using fraudulent accounting!
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".
Superpower by Fraud, The United States of America
September 6, 2017
The United States of America has become the "dominant superpower" on planet earth by using fraudulent accounting. Since FY1969, the U.S. Government has been using fraudulent accounting to create the illusion of wealth and prosperity in the United States of America. The U.S. Government has been running a massive Ponzi scheme by using Cash Accounting rather than the proper GAAP Accounting. This fraud/Ponzi scheme has fraudulently enriched the U.S. upper class by $107.4 Trillion and has given the U.S. Government the ability to field the most powerful military force in the history of the planet.
The U.S. Government has done this by borrowing money, $107.4 Trillion, from the future Americans, that the future Americans do not have, and giving it the current Americans. This has fraudulently and colossally enriched the U.S upper class, fraudulently and colossally cheated the U.S. Common Man, fraudulently and dramatically enriched the U.S. ruling class, fraudulently and colossally cheated the rest of the planet, and fraudulently and colossally built the most impressive military force on planet earth!
Now we are trying to stare down China, Russia, Iran, Iraq, Syria, Afghanistan, and North Korea, all at the same time, with a U.S. military force that has been purchased with imaginary-counterfeit money.
The United States of America is trying to act as the "planet policeman" but it is actually acting as the "planet bully" by using fraudulent accounting!
This is possible because the U.S. Government is corrupt! The U.S. Government is using fraudulent accounting to create counterfeit money out of "thin air". The U.S. Government is not using proper and Generally Accepted Accounting Principles (GAAP Accounting) and as a result is operating a massive Ponzi scheme. The U.S. Government is deferring massive public liabilities, $107.4 Trillion so far, to the future Americans which is fraudulently enriching the U.S. upper class by $107.4 Trillion. But this money is backed only by the future Americans and they cannot pay it. The U.S. Government has fraudulently created $107.4 Trillion of what I call imaginary-counterfeit money simply by undertaxing the U.S. upper class.
The U.S. Government then has the unmitigated gall to borrow $20.0 Trillion (National Debt) from the now fraudulently enriched upper class to overpay itself and to buy more military equipment.
The U.S. Government promises the U.S. Common Man that it will pay social benefits to them if they will pay a little more taxes and then has the unmitigated gall to spend that money so that it can overpay itself and buy more military equipment. The U.S. Government then has the unmitigated gall to undertax the U.S. upper class and underfund these benefit promises creating US Unfunded Future Liabilities of $87.4 Trillion. The U.S. Government is enriching the U.S. upper class by choosing to underfund the benefit promises to the U.S. Common man!
The U.S. Government borrows $107.4 Trillion from the future Americans so the current Americans can buy cars, trucks, airplanes, ships, boats, yachts, houses, condos, apartments, smartphones, TVs, computers, fancy clothes, fancy trappings, etc. and can go to/on football games, basketball games, golf tournaments, car races, horse races, vacations, cruises, dine out, etc. and can sit around playing games and buying stuff on their electronic devices.
This is why the terrorists are irritated with America; Americans live an upscale lifestyle because of fraudulent accounting by the U.S. Government.
This is why the have-nots in America are irritated with their plight; the haves have a lot, $107.4 Trillion, because of fraudulent accounting by the U.S. Government.
The have-nots throughout the planet are going to be really really irritated when they are properly informed that this economic and social inequality between America and the rest of the planet is caused by corruption within the U.S. Government!
The have-nots within America are going to be really really irritated when they are properly informed that this economic and social inequality between the U.S. upper class and the U.S. Common Man is caused by corruption within the U.S. Government! This U.S. Government fraud is causing the wealth gap in the United States!
The use of fraudulent accounting by the U.S. Government is skewing massive counterfeit wealth to the U.S. upper class and counterfeit funding to the U.S. Government.
The use of fraudulent accounting by the U.S. Government is the reason that the United States of America appears to be the "dominant superpower" on planet earth!
The U.S. Government has got to start telling the financial truth!
The "News Media" has got to start reporting the financial truth!
|Cash Deficit in FY2017
|GAAP Deficit in FY2017
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org Sep 6, 2017
This U.S. Government fraud can only be equitably eliminated by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government.
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 is the biggest ($107.4 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and it is "The Biggest Ponzi Scheme on the Planet"!
John W. White