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

The $107.8 Trillion Crime
October 14, 2017   Emailed to WSJ/NYT/DMN on 10/15/17


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times” and “The Dallas Morning News” that explains how the U.S. Government has been able to pull off “A $107.8 Trillion Crime”! The U.S. Government has fraudulently borrowed $107.8 Trillion from the future Americans and given it to the U.S. upper class! This is fraud because the future Americans do not have $107.8 Trillion. The U.S. general public needs to be informed of this crime! The U.S. general public is being cheated by the U.S. Government! The rest of the planet is being cheated by the U.S. Government!


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 $107.8 Trillion Crime

October 14, 2017


All time record highs in the stock market are created by criminal activity within the U.S. Government!


The U.S. Government is corrupt! The U.S. Government has committed a $107.8 Trillion Crime! The senior officials of the U.S. Government are common criminals!


The U.S. Government is running a $107.8 Trillion Ponzi scheme (USAPonzi) by not using and properly applying Generally Accepted Accounting Principles (GAAP Accounting)! The U.S. Government is borrowing money from the future Americans, that the future Americans do not have, and giving it to the U.S. upper class. The U.S. Government has fraudulently enriched the U.S. upper class by using fraudulent accounting to undertax the U.S. upper class by $107.8 Trillion and deferring $107.8 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans.


This is why the stock market is continuously setting all time record highs! The U.S. Government has fraudulently created $107.8 Trillion out of “thin air” and given it to the U.S. upper class! GAAP basis deficit spending of $107.8 Trillion has enriched the U.S. upper class by $107.8 Trillion and much of that wealth shows up in the stock market! Infinite deficit spending, which USAPonzi will generate, will produce an infinite stock market valuation! All it takes is for time to pass!


Until the U.S. Government starts using honest accounting, the U.S. upper class will get richer and richer and the stock market will go higher and higher! The U.S. Government is printing $15.04 Billion of imaginary-counterfeit money every day with GAAP basis defict spending!


“The Wall Street Journal”
, “The New York Times”, and “The Dallas Morning News” are aiding and abetting criminal activity within the U.S. Government by refusing to expose the “American Accounting Fraud”!


I have sent numerous Op-Ed candidates to the WSJ, the NYT, and the DMN in an attempt to expose this crime/fraud/Ponzi scheme!


I have sent 12 whistleblower letters to the U.S. Securities and Exchange Commission exposing this crime! I got one meaningful response from the SEC Office of the Inspector General stating that the SEC does not have jurisdiction over the U.S. Government! I contend that the SEC has a responsibility to expose securities fraud even if it is the U.S. Government that is perpetrating the fraud!


I have copied the SEC on most of the numerous Op-Ed candidates that I have sent to the WSJ, the NYT, and the DMN in an attempt to expose this crime/fraud/Ponzi scheme!


I have sent a whistleblower letter to each of the 540 members of the U.S. Congress exposing this crime! I got one response, Randy Neugebauer (R) Lubbock, TX, and he acknowledged this problem!


I have sent six whistleblower letters, two included a copy of my book, to each member of the U.S. Supreme Court exposing this crime! No response!


The U.S. Government is using fraudulent accounting (Cash Accounting) in an attempt to conceal this $107.8 Trillion crime!


The U.S. Government has fraudulently borrowed $107.8 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class! This is fraud because the future Americans do not have $107.8 Trillion!


The U.S. Government has promised future benefits to the U.S. Common Man but has underfunded these promises by $87.4 Trillion (US Unfunded Future Liabilities) so the U.S. Government can enrich the U.S. upper class!


The U.S. Government has borrowed $20.4 Trillion (National Debt) from the fraudulently enriched upper class so that the U.S. Government can enrich itself!


The U.S. general public needs be informed that the U.S. Government and the U.S. upper class are conspiring to enrich themselves by cheating the U.S. general public and the rest of the planet!


The U.S. Government has fraudulently given $107.8 Trillion to the U.S. upper class by cheating the U.S. general public and the rest of the planet!


The U.S. Government has fraudulently given the U.S. upper class $107.8 Trillion of imaginary-counterfeit money by deferring $107.8 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans!


The stock market goes up because Americans are buying stuff with $107.8 Trillion of imaginary-counterfeit money that has been fraudulently borrowed from the future Americans!


GAAP basis deficit spending creates imaginary-counterfeit money and the U.S. upper class gets this fake money because they are the taxpayers that are being undertaxed!


When the U.S. Government spends money that it does not have (deficit spending), it is digitally printing imaginary-counterfeit money! The U.S. Government has digitally printed $107.8 Trillion of imaginary-counterfeit money and given it to the U.S. upper class! The U.S. upper class is getting richer and richer because this fraud is producing this imaginary-counterfeit money at the astounding and exponentially increasing rate of our GAAP basis deficit spending. The GAAP deficit in FY2018 is estimated to be $5.49 Trillion!


This is why Gates, Buffett, the Waltons, Bezos, Woods, Jordan, Slim, Saudi princes, Trump, Putin and many others are rich! The U.S. Government has fraudulently borrowed $107.8 Trillion from the future Americans to enrich the upper class!


The U.S. Government has committed a $107.8 Trillion Crime!


Author's Note:
Jamie Dimon, Chairman and CEO of JPMorgan, last week said that he thinks Bitcoin is a fraud but even if Bitcoin is a fraud, it is a piker when compared to the U.S. Government! JPMorgan and all other banks are backed by the $107.8 Trillion of imaginary-counterfeit money that the corrupt U.S. Government has created out of "thin air" with the American Accounting Fraud. Bitcoin's value is surely expanding because of this same fraud. The deposits in banks all over the planet are expanding exponentially because of the criminal activity in Washington, DC (See The Bank Bubble)!

 

National Debt 
$20.4 Trillion 
Cash Deficit in FY2018 
$0.69 Trillion 
GAAP Deficit in FY2018 
$5.49 Trillion 
US Unfunded Future Liabilities 
$87.4 Trillion 
US Unfunded Liabilities (GAAP) 
 $107.8 Trillion 
Imaginary-Counterfeit Money 
$107.8 Trillion 
Total National Assets  $134.3 Trillion 

Source: www.usdebtclock.org Oct 14, 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 fraud/Ponzi scheme is also explained in “short story style” in my October 1, 2017 commentary USAPonzi CliffsNotes. and in my October 8, 2017 commentary USAPonzi Elevator Speech.


This is the biggest ($107.8 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