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

Terrorism and War are financed by US Government Fraud
October 2, 2017   Emailed to WSJ/NYT/DMN on Oct 2, 2017


The following is an Op-Ed to "The Wall Street Journal", "The New York Times" and "The Dallas Morning News" that explains how U.S. Government fiscal and accounting fraud is both encouraging and financing terrorism and war
!

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"!


Terrorism and War are financed by US Government Fraud 
October 2, 2017

The Las Vegas terrorism act last night at the Mandalay Bay Hotel is an example of the kind of violence that our country can expect because of the social injustice that is being caused by a corrupt U.S. Government (See Social Injustice of $195 Trillion).

The U.S. Government is perpetrating a fiscal and accounting fraud that is both causing and financing terrorism and war! This fraud is borrowing money from the future Americans and giving it to the current Americans. This fraud has produced $107.7 Trillion of imaginary-counterfeit money out of "thin air" by fraudulently borrowing it from the future Americans.

This $107.7 Trillion of imaginary-counterfeit money has been given to Americans so other countries and cultures resent the fact that Americans have an elevated lifestyle compared to the rest of the planet because of this U.S. Government fraud.

Most of this $107.7 Trillion of imaginary-counterfeit money has been given to the U.S. upper class so the U.S. Common Man resents the fact that the upper-class Americans have an elevated lifestyle compared to the rest of America because of this U.S. Government fraud.

This fake money ($107.7 Trillion) provides massive funds to finance individual terrorists, group terrorists, country terrorists, the U.S. military, our allies' military, and our foes' military!

U.S. Government fiscal and accounting fraud is creating the money to finance both terrorism and warring and it is being distributed in a way that is enriching some and oppressing others to the point that the oppressed are prepared to commit terrorism and engage in war.

When this fraud is exposed and broadly understood, we can expect a much more elevated level of violence and terrorism! We will likely experience a dramatic increase in depression when many people who think they are wealthy or financially comfortable realize that they are not.

The U.S. Government is operating a massive Ponzi scheme by operating with Cash Accounting rather than proper and Generally Accepted Accounting Principles (GAAP Accounting). The U.S. Government is not using proper accrual accounting, which calls for the accrual of the money to pay future government benefits when the recipient of these benefits becomes eligible for the benefits. GAAP Accounting is the name commonly used for the U.S. version of accrual accounting as specified by the Financial Accounting Standards Board (FASB).

The U.S. Government has fraudulently borrowed/stolen $107.7 Trillion of fake money (imaginary-counterfeit money) from the future Americans, that the future Americans do not have, and given it to the current Americans. The U.S. Government is stuffing this fake money into the pockets of the current Americans with GAAP basis deficit spending. The U.S. upper class is being dramatically enriched by this U.S. Government fiscal and accounting fraud that I call USAPonzi because they get most of this $107.7 Trillion of imaginary-counterfeit money.

The U.S. Government is corrupt! Since FY1969, the U.S. Government has been operating with a fiscal policy that is a criminal activity. The U.S. Government is not using proper accrual accounting (GAAP Accounting) and is therefore not properly accruing for future financial commitments that include government pensions, veteran benefits, and social benefits. This creates a dramatically unbalanced budget that has deferred $107.7 Trillion of public liabilities to the future Americans which is reported by www.usdebtclock.org as US Unfunded Liabilities (GAAP).

 

National Debt  $20.2 Trillion 
Cash Deficit in FY2017  $0.69 Trillion 
GAAP Deficit in FY2017  $5.50 Trillion 
US Unfunded Future Liabilities  $87.5 Trillion 
US Unfunded Liabilities (GAAP)  $107.7 Trillion 
Imaginary-Counterfeit Money  $107.7 Trillion 
Total National Assets  $134.0 Trillion 

Source: www.usdebtclock.org Oct 2, 2017

To eliminate this fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.

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 ($107.7 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