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

The U.S. Government is Corrupt 200818
August 18, 2020
Emailed to The United Nations, Fed Chair Jay Powell, St Louis Fed President James Bullard, Minneapolis Fed President Neel Kashkari, Dallas Fed President Robert Kaplan, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, The U.S. SEC, and NYT/WSJ/WP/DMN/CNBC on 8/18/20.


The U.S. Government is corrupt! The corrupt U.S. Government is being run by common criminals that have committed a $153.9 Trillion crime! The corrupt U.S. Government is committing a fiscal and accounting fraud in an attempt to fool the entire planet!


The corrupt U.S. Government is not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting). The corrupt U.S. Government is pretending like it can pay future benefits to the U.S. general public by deferring public liabilities to the future Americans!


The corrupt and criminal U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is in process of borrowing an infinite amount of money, I call it imaginary-counterfeit money, from the future Americans, money the future Americans do not have, so the current Americans can buy an infinite amount of stuff without having to pay for any of it! Americans are buying stuff with monopoly money!


This is why Apple is selling so many iPhones, this is why Amazon is selling so much stuff, this is why Boeing is selling so many airplanes, this is why Tesla is selling so many cars, and this is why the stock market continues to go up!


By not using proper
GAAP Accounting to accrue for future benefit promises to the U.S. general public, the corrupt U.S. Government has printed $153.9 Trillion of counterfeit money!


The future Americans have an infinite amount of imaginary-counterfeit money, after all it is imaginary, so the corrupt U.S. Government can just keep on borrowing imaginary-counterfeit money from the future Americans for a long long time!


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!


So far, the corrupt U.S. Government has borrowed $153.9 Trillion (US Unfunded Liabilities (GAAP)) of imaginary-counterfeit money from the future Americans and given it to the U.S. upper class! The current Americans are spending this imaginary-counterfeit money like it is real money since the rest of the planet cannot even imagine that the corrupt U.S. Government would print $153.9 Trillion of monopoly money so the current Americans can buy stuff without having to pay for it!


Just think about that for one minute, the corrupt U.S. Government has borrowed $153.9 Trillion from the future Americans so the U.S. upper class can buy a whole lot of stuff and charge it to the future Americans! What a great deal for the U.S. upper class!


And just another small point, the future Americans do not have $153.9 Trillion!


The inequitable economy in America is caused by this fraud since the U.S. upper class gets to spend this $153.9 Trillion of monopoly money while the U.S. general public has to earn real money by working to make their way in the world!


The corrupt U.S. Government is lying to and cheating the U.S. general public by promising them future benefits that it has no intention or capability to keep! 


This is not a democrat fraud! This not a republican fraud! This is a U.S. Government fraud!


The corrupt and criminal U.S. Government has been promising future benefits to the U.S. general public for the last 51 years but it is not been accruing even one slick penny to pay for these future benefits! The corrupt U.S. Government is not operating its fiscal policy according to proper and Generally Accepted Accounting Principles (GAAP Accounting)!


Because of this accounting fraud, the corrupt U.S. Government has been borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class! This accounting fraud is enriching the U.S. upper class, enriching the U.S. ruling class, cheating the U.S. general public, and cheating the rest of the planet!


The corrupt U.S. Government is fraudulently borrowing monopoly money, I call it imaginary-counterfeit money, from the future Americans so the current Americans can buy stuff with the now $153.9 Trillion of monopoly money so they do not have to pay for it! The corrupt U.S. Government is fraudulently expecting that the future Americans will find a pot of gold at the end of the rainbow so the future Americans can pay back all of this imaginary-counterfeit money that the corrupt U.S. Government has fraudulently borrowed from the future Americans!


51 years ago, the U.S. general public was operating on a fair and level economic playing field with the U.S. upper class! For the last 51 years, the corrupt U.S. Government has been constantly tilting the economic playing field in favor of the U.S. upper class at the expense of the U.S. general public! Every year and every day, the corrupt U.S. Government fraudulently borrows more imaginary-counterfeit money from the future Americans and gives it to the U.S. upper class!


When the corrupt U.S. Government fraudulently gives the U.S. upper class $153.9 Trillion of monopoly money, the U.S. general public is going to have a difficult time competing in the USAPonzi Economy!

 

US National Debt  $26.7 Trillion 
Cash Deficit in FY2020  $2.84 Trillion 
*GAAP Deficit in FY2020  >$27.8 Trillion 
US Unfunded Future Liabilities  $127.2 Trillion 
US Unfunded Liabilities (GAAP)  $153.9 Trillion 
Imaginary-Counterfeit Money  $153.9 Trillion 
US Total National Assets  $128.2 Trillion 

Source: www.usdebtclock.org August 18, 2020
*usdebtclock.org has stopped explicitly reporting the GAAP Deficit. The GAAP Deficit is implicitly reported as the change in US Unfunded Liabilities (GAAP). US Unfunded Liabilities (GAAP) were $126.1 Trillion on October 1, 2019 the start date for FY2020, therefore the GAAP Deficit in FY2020 will be >$27.8 Trillion (>$153.9T-$126.1T = >$27.8T).



I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain this accounting fraud and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can be downloaded from my www.usaponzi.net website.


This is the biggest ($153.9 Trillionfinancial fraud ever perpetrated, I call it USAPonzi: The Great American Fraud” and “The Biggest Ponzi Scheme on the Planet”!


John W. White
Plano, TX