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

The future is HERE & NOW for Uber 190616
June 16, 2019
Emailed to WSJ/NYT/WP/DMN, the US SEC, Fed Chairman Jay Powell, Minneapolis Fed President Neel Kashkari, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, and Dallas Mayor Mike Rawlings 6/17/19



To: The Dallas Morning News
      Melissa Repko
      Paul O'Donnell
      Grant Moise
      Keith Campbell


In this commentary, I am responding to the following article in the Dallas Morning News
The future is HERE & NOW for Uber because of U.S. Government accounting fraud!


The future is HERE & NOW for Uber
Dallas Morning News       JUNE 16, 2019     MELISSA REPKO Staff Writer

WASHINGTON — When Uber envisions the future, it not only wants to put urban air taxis and drones in the skies. It also wants to transform how people navigate cities and how they live in them.


Uber CEO Dara Khosrowshahi said the San Francisco based tech company wants to turn today’s cities that are getting denser and more polluted into “cities of the future that are fundamentally green and built for people.” To do that, he said, cities need transportation options that range from cruising down the street on an electric scooter to commuting through the skies.


“We want not just to be the Amazon of transportation but also the Google of transportation,” he said.


One of the first places Uber wants that to play out is Dallas-Fort Worth: It’s one of the first three markets for Uber Elevate, an initiative to launch the aerial ridesharing service.


Uber took that message — and its pitch for urban air taxis — to a new, and potentially tougher, audience last week. It held a two day conference about the ambitious effort in Washington, D.C., the home turf of the regulatory agencies and lawmakers that it must win over.


“The future is HERE & NOW for Uber” because the U.S. Government is committing a fiscal and accounting fraud that is in the process of printing an infinite supply of counterfeit money by borrowing it from the future Americans and giving it to the U.S. upper class! So far, this accounting fraud has borrowed $124.4 Trillion of counterfeit money from the future Americans and given it to the U.S. upper class!


This is fraud because the future Americans simply do not have $124.4 Trillion and they for sure do not have an infinite supply of money!


The Dallas Morning News is aiding and abetting the corrupt and criminal U.S. Government by continuing to report these foolish projects that are destroying the city of Dallas and not reporting the U.S. Government accounting fraud that I call USAPonzi! The city of Dallas, TX, like cities all over the planet, is constructing buildings and supporting infrastructure that will become foolish monuments to the fraud and corruption within the U.S. Government when this accounting fraud is finally exposed!


Americans, primarily the U.S. upper class, are buying and building things they cannot afford with money they do not have!


Americans, primarily the U.S. upper class, are buying and building things with the fraudulent inference that the future Americans will eventually be able to pay for them!


The news media, including The Dallas Morning News, has a public responsibility to report fraud and corruption wherever it exists and to take the actions necessary to see that these fraudulent activities are properly exposed and eliminated! The news media has this public responsibility even if it is the U.S. Government that is committing the fraud! The U.S. Government is committing a $124.4 Trillion fraud!


This article from The Dallas Morning News is just another example of the kind of foolish financial and physical infrastructure projects that are being proposed and implemented because of the fiscal and accounting fraud that is being perpetrated by the corrupt and criminal U.S. Government!


The corrupt and criminal U.S. Government is not properly accruing for future benefit promises to the U.S. general public! The corrupt and criminal U.S. Government is not operating its fiscal policy with proper GAAP Accounting!


The corrupt and criminal U.S. Government has printed $124.4 Trillion of imaginary-counterfeit money that is enriching America, is enriching the rich, is cheating the unrich, is cheating the rest of the planet, is destroying planet earth, and is making Uber's business model appear to be potentially extremely successful!


People all over planet earth can now “hail an Uber” with some of the $124.4 Trillion of imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans and giving to the U.S. upper class!


Someone in a position of power must step forward and stop the destruction of planet earth and stop these irrational and unsustainable projects by exposing this accounting fraud!


Uber
has a grandiose business model that is based on the fundamental premise that the U.S. Government will continue printing an infinite supply of counterfeit money!


The U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is in the process of printing an infinite supply of counterfeit money, I call it imaginary-counterfeit money, and giving it to the U.S. upper class! So far, this accounting fraud has digitally printed $124.4 Trillion of imaginary-counterfeit money and given it to the U.S. upper class which is causing Global Warming that is Destroying Planet Earth (See Global Warming Apocalypse)!


USAPonzi is in the process of printing an infinite supply of imaginary-counterfeit money so people all over planet earth can fraudulently “hail an Uber” and pay for it with imaginary-counterfeit money that has been fraudulently borrowed from the future Americans!


GAAP basis deficit spending by the U.S. Government prints an unending and ever-increasing (infinite) supply of imaginary-counterfeit money and gives it to the U.S. upper class by undertaxing them!


An Infinite supply is a lot of imaginary-counterfeit money!



National Debt  $22.4 Trillion 
Cash Deficit in FY2019  $1.00 Trillion 
GAAP Deficit in FY2019  $6.12 Trillion 
US Unfunded Future Liabilities  $102.0 Trillion 
US Unfunded Liabilities (GAAP)  $124.4 Trillion 
Imaginary-Counterfeit Money  $124.4 Trillion 
Total National Assets  $152.2 Trillion 

Source: www.usdebtclock.org June 16, 2019


This accounting fraud/Ponzi scheme 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!
GAAP Accounting, properly applied, would not allow the U.S. Government to borrow more money from the future Americans than the future Americans can be reasonably expected to pay.


You can learn more about this fraud/Ponzi scheme by reading my websites www.usaponzi.net and www.usaponzi.com or better yet by reading my fifth book on USAPonzi “USAPonziB” which is available on Amazon and on my websites in Kindle and PDF formats.


This is the biggest ($124.4 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