The American Mafia Op-Ed to WSJ/NYT/DMN
December 20, 2016 Emailed to WSJ/NYT/DMN December 20, 2016
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 become "The American Mafia" by using a corrupt and fraudulent fiscal policy and accounting system to dramatically enhance the lifestyle of current Americans by borrowing monopoly money from the future Americans.
The American Mafia
December 20, 2016
By John W. White
The U.S. Government has become "The American Mafia"!
noun: mafia; plural noun: mafias
an organized international body of criminals, operating originally in Sicily and now especially in Italy and the US and having a complex and ruthless behavioral code.
any organized group using extortion and other criminal methods.
a closed group of people in a particular field, having a controlling influence.
The U.S. Government is operating with a Ponzi scheme fiscal policy and accounting system that has caused the U.S. Government to become "The American Mafia".
The U.S. Government has borrowed/stolen $104.5 Trillion from the future Americans, that the future Americans do not have, and given it to the current Americans. The U.S. Government ("The American Mafia") is making "The Sicilian Mafia" look like petty crime.
By operating with a dramatically unbalanced budget, the U.S. Government is introducing monopoly money into the global economy and financial system by overpaying U.S. Government employees and related businesses, by overpaying U.S. Government benefit recipients, and by undertaxing the current U.S. taxpayers. The U.S. Government attempts to conceal this fraud and corruption by using Cash Accounting rather than the proper GAAP Accounting (Generally Accepted Accounting Principles). In effect, this fiscal policy is borrowing monopoly money from the future Americans and giving it to the current Americans. This is the signature attribute of a Ponzi scheme; pay early participants with money from the late participants (See Open Letter to Planet Earth).
The U.S. Government is operating as "The American Mafia" so that Americans can buy/steal stuff from each other and from the rest of the Planet with the imaginary-counterfeit (monopoly) money that the U.S. Government is pretending to borrow from the future Americans.
As of December 20, 2016, the U.S. Government has fraudulently borrowed $104.5 Trillion from the future Americans and given it to the current Americans. This is a $104.5 Trillion fraud that is allowing the current Americans to buy stuff (whatever we may want) with this monopoly money. I call this monopoly money, "imaginary-counterfeit money", because the U.S. Government is pretending-like/imagining that the future Americans can pay this borrowed money someday but since the future Americans can never pay back this borrowed money, it is counterfeit money.
As the following table shows, "The American Mafia" has produced $104.5 Trillion of monopoly money (US Unfunded Liabilities (GAAP)) that the U.S. Government has given to the current Americans. We are using this monopoly money to buy and build things that we cannot afford. We are Filling the Planet with Junk purchased with the monopoly money that "The American Mafia" has produced out of "thin air" so that we can buy/steal phones, computers, TVs, cars, airplanes, gas, oil, gold, houses, condos, apartment buildings, office buildings, islands, etc., etc. from each other and from the rest of the Planet. $104.5 Trillion of imaginary-counterfeit monopoly money can buy a lot of junk!
|Borrowings from Trust Funds
|Cash Deficit in FY2017
|GAAP Deficit in FY2017
|| $5.66 Trillion
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|| $104.5 Trillion
|Total National Assets
Source: www.usdebtclock.org December 20, 2016
The founding "godfather" of "The American Mafia" is Lyndon Baines Johnson who introduced the "Unified Budget" that launched this Ponzi scheme that I call USAPonzi. This fraud is so massive that most people cannot "see" it and many of the folks that can "see" it do not want to admit to it because it is giving them a comfortable lifestyle and in many cases an opulent, even super opulent lifestyle.
The U.S. Government is borrowing this monopoly money from the future Americans so that they can pay themselves more than the U.S. taxpayers can afford.
The U.S. Government is borrowing this monopoly money from the future Americans so that they can pay the U.S. Government benefit promises that the U.S. Government has made but that the U.S. taxpayers cannot afford.
The U.S. Government is borrowing this monopoly money from the future Americans so that it can undertax the current Americans, primarily the U.S. upper class, which is making the U.S. upper class filthy rich (See Getting Rich from U.S. Government Fraud).
Just how long can the "American Mafia" (aka the U.S. Government) keep on cheating the rest of the Planet and the U.S. Common Man (See Enriching the Upper Class/Cheating the Common Man) so that they can overpay themselves and colossally enrich their U.S. upper class friends? As with any Ponzi scheme, that is unknown until the Ponzi scheme implodes (See The Implosion of USAPonzi).
Authors Note: We just saw a "baby" Ponzi scheme implode yesterday; the Platinum Partners $1 Billion fraud.
The "American Mafia" is sponsoring criminal activity (a $104.5 Trillion fraud) that is hundreds (maybe even thousands) of times larger than the criminal activity of the original "Sicilian Mafia"!
The U.S. Government became the "American Mafia" in January of 1968 when it adopted the "Unified Budget" that launched the Ponzi scheme that I call USAPonzi!
This U.S. Government fiscal and accounting fraud can only be equitably eliminated by the adoption of GAAP Accounting (Generally Accepted Accounting Principles) and a commitment to a balanced GAAP basis budget by the U.S. Government. All sovereign entities that sponsor a currency that is used for international trade, must be required to use GAAP Accounting, or equivalent, and be required to operate with a nominally balanced budget.
This fraud is explained in CliffsNotes format (USAPonzi CliffsNotes) and is also explained in much more detail on my website www.usaponzi.com and in my book “USAPonzi” which is available on Amazon in Kindle and Paperback formats and on my website in PDF format.
This is the biggest ($104.5 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