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

The U.S. Government is printing Counterfeit Money!
January 24, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 1/25/18


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, by using fiscal and accounting fraud, “The U.S. Government is printing Counterfeit Money”!


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 U.S. Government is printing Counterfeit Money!
January 24, 2018


The global economy appears to be strong! The stock market is going up! Oil prices are going up! Gold prices are going up! Housing prices are going up! Netflix is selling more movie subscriptions! Apple is selling lots of iPhones! Amazon has cornered the market on online sales! Goggle makes Billions selling ads for stuff that we want! Facebook makes Billions telling people what their friends are doing! Football players are paid millions of dollars to play a game! Cars are creating tr
affic jams! The upper class is getting richer! Starbucks is building stores everywhere! Bankers are building banks everywhere! Airlines are making money! Cruise lines are making money hand over fist!


All of these things are caused by U.S. Government fraud! The U.S. Government is printing counterfeit money! The U.S. Government is not using proper accounting! The U.S. Government is “Cooking the Books”! The U.S. Government is running a $111.8 Trillion Ponzi scheme!


The U.S. Government is printing counterfeit money by deferring public liabilities to the future Americans! The U.S. Government has already printed $111.8 Trillion of counterfeit money and is printing $16.4 Billion more counterfeit money every day with GAAP basis deficit spending! The U.S. Government is borrowing money from the future Americans and giving it to the U.S. upper class! This is fraud because the future Americans do not have $111.8 Trillion!


The U.S. Government is not using proper GAAP Accounting and as a result is operating with a GAAP deficit of $5.98 Trillion in FY2018. Deficit spending means that the U.S. Government is spending money that it does not have which produces counterfeit money, I call this money produced by GAAP basis deficit spending; imaginary-counterfeit money.


I call this money, imaginary-counterfeit money, because the U.S. Government imagines that the future Americans can pay this money someday but it is counterfeit because the future Americans can never pay this money! Every dollar of GAAP basis deficit spending becomes an imaginary-counterfeit dollar in the pocket of the current American that did not pay the tax dollar to cover that dollar of deficit spending. The upper-class Americans are getting richer and richer because they have been undertaxed by $111.8 Trillion!


GAAP basis deficit spending digitally prints imaginary-counterfeit money!


Someone has got to convince the U.S. Government to start telling the financial truth by using the proper accounting system! The U.S. Government is overspending on a cash basis and is not properly funding future benefit promises! The U.S. Government is printing counterfeit money by undertaxing the current Americans!


The current Americans are buying things with imaginary-counterfeit money that the corrupt and criminal U.S. Government has fraudulently borrowed from the future Americans!


The global stock market is going up because the U.S. Government has printed $111.8 Trillion of imaginary-counterfeit money!


Housing prices are going up because the U.S. Government has printed $111.8 Trillion of imaginary-counterfeit money!


We have bought so many cars we have traffic jams because the U.S. Government has printed $111.8 Trillion of imaginary-counterfeit money!


Netflix has a market cap of $100 Billion because the U.S. Government has printed $111.8 Trillion of imaginary-counterfeit money!


Jeff Bezos, Amazon CEO, has a personal net worth of $100 Billion because the U.S. Government has printed $111.8 Trillion of imaginary-counterfeit money!


Oil costs $65 a barrel because the U.S. Government has printed $111.8 Trillion of imaginary-counterfeit money!


Gold costs $1,350 per ounce because the U.S. Government has printed $111.8 Trillion of imaginary-counterfeit money!


Donald Trump has an estimated net worth of $3.5 Billion because the U.S. Government has printed $111.8 Trillion of imaginary-counterfeit money!


Saudi Princes have net worth of $Billions because the U.S. Government has printed $111.8 Trillion of imaginary-counterfeit money!


Vladimir Putin has an estimated net worth of $200 Billion because the U.S. Government has printed $111.8 Trillion of imaginary-counterfeit money!


Warren Buffett has an estimated net worth of $87 Billion because the U.S. Government has printed $111.8 Trillion of imaginary-counterfeit money!


Michael Jordan has an estimated net worth of $1 Billion because the U.S. Government has printed $111.8 Trillion of imaginary-counterfeit money!


We have built big houses, luxury apartments, and luxury condos because the U.S. Government has printed $111.8 Trillion of imaginary-counterfeit money!


We have built the city of Las Vegas, skyscrapers in the Middle East, and Ghost cities and airports in China because the U.S. Government has printed $111.8 Trillion of imaginary-counterfeit money!


The U.S. Government has printed $111.8 Trillion of imaginary-counterfeit money by fraudulently deferring $111.8 Trillion of US Unfunded Liabilities (GAAP) to the future Americans!


The corrupt and criminal U.S. Government is stimulating the economy of the entire planet by printing imaginary-counterfeit money, $16.4 Billion a day, and giving it to the U.S. upper class!


The U.S. Government is being run by a bunch of common criminals!

 

National Debt  $20.6 Trillion 
Cash Deficit in FY2018  $0.65 Trillion 
GAAP Deficit in FY2018  $5.98 Trillion 
US Unfunded Future Liabilities  $91.2 Trillion 
US Unfunded Liabilities (GAAP)  $111.8 Trillion 
Imaginary-Counterfeit Money  $111.8 Trillion 
Total National Assets  $134.8 Trillion 

Source: www.usdebtclock.org Jan 24, 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 ($111.8 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