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

The American Dream is a Nightmare 1/22/18
January 22, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 1/21/18


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 “The American Dream is a Nightmare”! The U.S. Government has been using fiscal and accounting fraud to falsely and fraudulently elevate the standard of living in America.


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 American Dream is a Nightmare 1/22/18
January 22, 2018


The U.S. Government has been operating a Ponzi scheme (USAPonzi) since FY1969 to fraudulently promote “The American Dream”!


“The American Dream” will transition to a Nightmare when this Ponzi scheme is exposed!


I contend that this Ponzi scheme is the primary cause of the current U.S. Government shutdown. The U.S. Government, by committing fiscal and accounting fraud, has made commitments that cannot possibly be kept so it is impossible to construct a budget plan that accommodates all of these promises. Further, this accounting fraud has concealed the true magnitude of these over commitments. The U.S. Government reports a cash deficit of $0.65 Trillion for FY2018 when proper GAAP Accounting reports a GAAP deficit of $5.98 Trillion!


The U.S. Government is not operating with proper and Generally Accepted Accounting Principles (GAAP Accounting)! This fraud has borrowed $111.7 Trillion from the future Americans and given it to the U.S. upper class! This is fraud because the future Americans do not have $111.7 Trillion.


GAAP basis deficit spending is digitally printing imaginary-counterfeit money at the current rate of $16.4 Billion a day (GAAP Deficit in FY2018 = $5.98T/365 days = $16.4B/day)! The U.S. Government is giving this imaginary-counterfeit money to the U.S. upper class by undertaxing them! As of January 22, 2018, the corrupt and criminal U.S. Government has given the U.S. upper class $111.7 Trillion of imaginary-counterfeit money! This is what is causing the Stock Market Meltup!


This fraud has dramatically, artificially, and fraudulently elevated the standard of living in America over that of the rest of the planet!


This fraud has dramatically, artificially, and fraudulently elevated the standard of living of the U.S. upper class over that of the U.S. Common Man!


The U.S. Government is fraudulently enriching the U.S. upper class by $111.7 Trillion!


The U.S. Government is fraudulently paying unaffordable and unfunded benefits to the U.S. general public!


The U.S. Government is fraudulently overpaying U.S. Government employees!


The U.S. Government is fraudulently deploying a massive military force (See Imaginary US Military by Fraud) that has been paid for with $111.7 Trillion of imaginary-counterfeit money!


The U.S. Government is fraudulently allowing Americans to buy goods and services with $111.7 Trillion of imaginary-counterfeit money!


When this fraud is exposed, most of the apparent wealth on the planet will almost instantly evaporate!


When this fraud is exposed, the entire planet will fall into a global depression!


The corrupt and criminal U.S. Government has fraudulently expedited “The American Dream” by borrowing money from the future Americans, that the future Americans do not have, and giving it to the U.S. upper class!

 

National Debt  $20.6 Trillion 
Cash Deficit in FY2018  $0.65 Trillion 
GAAP Deficit in FY2018  $5.98 Trillion 
US Unfunded Future Liabilities  $91.1 Trillion 
US Unfunded Liabilities (GAAP)  $111.7 Trillion 
Imaginary-Counterfeit Money  $111.7 Trillion 
Total National Assets  $134.7 Trillion 

Source: www.usdebtclock.org Jan 22, 2018


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), “USAPonzi2” (May 1, 2017), and “USAPonzi3” (pre-release Feb 1, 2018) which are available on Amazon to better explain this fraud/Ponzi scheme and the impact it is having on Planet Earth.


This is the biggest ($111.7 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