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

The United States of Fraud!
February 19, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 2/19/18


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post”, and “The Dallas Morning News” which explains that because the U.S. Government is committing
fiscal and accounting fraud, America has become “The United States of Fraud”!


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 United States of Fraud!

February 19, 2018


The U.S. Government, by committing fiscal and accounting fraud, has caused America to become “The United States of Fraud”! The U.S. Government is not operating its fiscal policy with accrual accounting! Because the U.S. Government is not using accrual accounting, the U.S. Government is not only overspending on a cash basis, which it reports as our Cash Deficit, it is also not properly accruing for the future benefit promises that it has made to the U.S. general public, which it does not openly report!


The U.S. Government has been operating with a fraudulent accounting system since FY1969 when the U.S. Congress approved the “Unified Budget”! For the last 48+ years, the U.S. Government has been dramatically overspending on a Cash basis and colossally underfunding the future benefit promises that the U.S. Government has made to the U.S. general public!


Because of this fraud, the U.S. Government is fraudulently creating money out of “thin air” to produce counterfeit wealth and prosperity for Americans! The U.S. Government is borrowing money, $112.1 Trillion so far, from the future Americans, money that the future Americans do not have, to produce this counterfeit wealth and prosperity!


The U.S. Government is committing fiscal and accounting fraud to elevate the standard of living in America relative to that of the rest of the planet!


The U.S. Government is committing fiscal and accounting fraud to elevate the standard of living of the U.S. ruling class and the U.S. upper class relative to that of the U.S. Common Man!


The U.S. Government is committing fiscal and accounting fraud to fraudulently produce the money to field the mightiest military force ever deployed!


Because of this fraud, the U.S. Government has overspent by $20.6 Trillion (National Debt)!


Because of this fraud, the U.S. Government has underfunded the future benefit promises to the U.S. general public by $91.5 Trillion (US Unfunded Future Liabilities)!


Because of this fraud, the U.S. Government has undertaxed the current Americans, primarily the U.S. upper class, by $112.1 Trillion (US Unfunded Liabilities (GAAP))!


Because of this fraud, the U.S. Government has dramatically overpaid the U.S. ruling class!


Because of this fraud, the U.S. Government has colossally enriched the U.S. upper class by undertaxing them by $112.1 Trillion!


Because of this fraud, the U.S. Government has given the current Americans, primarily the U.S. upper class, $112.1 Trillion of imaginary-counterfeit money that Americans have used to fraudulently purchase stuff that they really cannot afford!


Because of this fraud, the rich are getting richer and richer and the poor are getting poorer and poorer!


Because of this fraud, the elite are being colossally enriched and the common man is being colossally screwed!


Because of this fraud, the elite can live in ever more plush houses, apartments and condos while the common man cannot find affordable housing in many locations! The elite can pay for their plush housing with the imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans while the common working man has to pay for their housing with real money earned by the “sweat of their brow”!


Because of this fraud, the United States of America has become “The United States of Fraud”!


This is a colossal ($112.1 Trillion) fraud! This is a classic Ponzi scheme! This is a criminal act by the U.S. Government that is causing dramatic social injustice between the U.S. upper class and the U.S. Common Man and between Americans and the rest of the planet!


The U.S. Government is committing fiscal and accounting fraud in an attempt to gain economic, financial, political, and military advantage over the rest of the planet!


The U.S. Government is committing fiscal and accounting fraud to dramatically enrich the U.S. ruling class and to colossally enrich the U.S. upper class!


This is a $112.1 Trillion fraud! This is a $112.1 Trillion Ponzi scheme that I have named USAPonzi!


Because of this fraud, the global economy appears to be in synchronized growth mode (See Super-Juicing the Global Economy)!


Because of this fraud, the stock market continues to go up (See Stock Market Meltup by Fraud)!


Because of this fraud, the Saudi Princes, Trump, Putin, Buffett, Gates, and Bezos appear to be filthy rich! The corrupt and criminal U.S. Government has fraudulently borrowed $112.1 Trillion of imaginary-counterfeit money from the future Americans and given it to the U.S. upper class with GAAP basis deficit spending!


This is the way Ponzi schemes tend to operate, enrich the early participants in the scheme with money coming in from the late participants in the scheme. The phantom gains to the early participants tend to be the most lucrative (now $16.4 Billion a day for USAPonzi) just before the Ponzi scheme implodes!


We are approaching the implosion point for USAPonzi after operating this Ponzi scheme for the nearly 49 years since FY1969 (See The Implosion of USAPonzi)!


Because the U.S. Government is not using proper and Generally Accepted Accounting Principles (GAAP Accounting), the United States of America has become “The United States of Fraud”!


The “news media” is aiding and abetting this criminal act by the U.S. Government by refusing to expose this fiscal and accounting fraud!

 

National Debt  $20.6 Trillion 
Cash Deficit in FY2018  $0.72 Trillion 
GAAP Deficit in FY2018  $5.98 Trillion 
US Unfunded Future Liabilities  $91.5 Trillion 
US Unfunded Liabilities (GAAP)  $112.1 Trillion 
Imaginary-Counterfeit Money  $112.1 Trillion 
Total National Assets  $135.4 Trillion 

Source: www.usdebtclock.org Feb 19, 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” (Feb 1, 2018) which are available on Amazon to better explain this fraud/Ponzi scheme.


This is the biggest ($112.1 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