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

Trump elected by U.S. Government Fraud 180727
July 27, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 7/27/18


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 “Trump was elected President of the United States of America because the U.S. Government  is committing fiscal and accounting 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 “colossally feather the nests of their upper-class friends”! The U.S. Government is not using proper accrual accounting!


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

 
Trump elected by U.S. Government Fraud 180727

July 27, 2018


The U.S. Government is printing an infinite amount of counterfeit money and giving it to the U.S. upper class!


The U.S. general public is not happy that the U.S. upper class is getting richer and richer and richer when they often can't find a decent paying job!


The U.S. Government is committing fiscal and accounting fraud to
enrich the rich and powerful and cheat the poor and downtrodden!


The corrupt and criminal U.S. Government is using accounting fraud to give infinite wealth to the elite and dramatically oppress the common man!


Somebody in Washington has got to step forward and admit to this massive accounting fraud that is splitting the United States into the counterfeit wealthy and the downtrodden!


Trump got elected because he has promised the downtrodden that he will make things better for them!


I contend that Donald Trump was elected President of the United States of America because the U.S. Government has been committing fiscal and accounting fraud for 49 years since FY1969! The U.S. Government is not using accrual accounting to fund its future benefit promises to the U.S. general public and has undertaxed the U.S. upper class because it is promising these benefits but is not taxing the U.S. upper class enough to pay for these future benefit promises.


The U.S. Government is not operating its fiscal policy with accrual accounting, called Generally Accepted Accounting Principles (GAAP Accounting) in the United States of America, and as a result the U.S. Government is borrowing an unending and ever-increasing amount of money from the future Americans and giving it to the U.S. upper class! This is fraud because the future Americans cannot pay an unending and ever-increasing amount of taxes!


This accounting fraud, if it is allowed to continue, will borrow an infinite amount of money from the future Americans and give it to the U.S. upper class! To date, the U.S. Government has borrowed $114.1 Trillion from the future Americans and given it to the U.S. upper class! The U.S. Government borrows another $16.5 Billion from the future Americans every day and gives it to the U.S. upper class!


This is a classic Ponzi scheme, I call it USAPonzi, that is borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class! The U.S. Government is printing imaginary-counterfeit money, with GAAP basis deficit spending, and giving it to the U.S. upper class! This accounting fraud is what is causing the wealth and income gap!


The U.S. Government has fraudulently enriched the U.S. upper class by $114.1 Trillion by not accruing the money to pay for future U.S. Government benefit promises to the U.S. general public!


The U.S. Government is operating its fiscal policy with Cash Accounting rather than the proper GAAP Accounting and as a result has undertaxed the U.S. upper class by $114.1 Trillion and has underfunded the benefit promises to the U.S. general public by $92.8 Trillion!


The U.S. general public has had enough of the U.S. upper class getting richer and richer every day because of this accounting fraud when they are having trouble finding a decent paying job! The U.S. general public has not been properly informed of this accounting fraud but the U.S general public can feel the pain when the U.S. upper class has been given $114.1 Trillion of monopoly money that has caused massive cost of living inflation and their pay is still based on an hourly/weekly/monthly wage that is not keeping pace with the rate that the U.S. Government is printing imaginary-counterfeit money for the U.S. upper class!


The U.S. Government is “Cooking the Books” by committing an accounting fraud that has fraudulently borrowed $114.1 Trillion from the future Americans and given it to the U.S. upper class!


Donald Trump got elected President because of this accounting fraud! Donald Trump and his posse were able to determine that a lot of people in the red states were unhappy with what was going on in Washington (The Swamp) and in the blue states. This accounting fraud has produced a classic Ponzi scheme, I call it USAPonzi, that is enriching the elite largely in the blue states and is oppressing the general population largely in the red states!


It is ironic that Donald Trump got elected to “Drain The Swamp” when Donald Trump himself is a Product of The Swamp! Donald Trump got rich because of this accounting fraud!


Trump supporters are desperate to have change in Washington because the wealth and income gap continues to expand due to this accounting fraud! The U.S. Government is not accruing for future benefit promises so the U.S. upper class gets richer and richer and the U.S. general public is screwed because the U.S. Government lying to and cheating the U.S. general public by promising them future benefits but is not properly funding them! The Trump voting base is so desperate for a change in Washington, they are willing to overlook a lot of the Trump faults and lies that the mainstream media is so willing to expose!


The U.S. upper class is getting super counterfeit wealthy today and the U.S. general public will not understand until it is too late that the U.S. Government was just kidding them about paying them pensions, veteran's benefits, Social Security, and healthcare tomorrow!


This
accounting fraud has created massive but counterfeit wealth for the U.S. upper class, including Donald Trump, by not accruing the money to pay for the future benefit promises to the U.S. general public.


The criminals in Washington (The Swamp) have been cheating the U.S. general public for 49 years so that the elite in America and around the world could enjoy a dramatically elevated standard of living for the last half century!


Donald Trump was elected President because the red states have had enough of this accounting fraud and the resulting frustration with the wealth and income gap that this fraud has produced! The folks in the red states may not know about this U.S. Government accounting fraud, but they do know that they are irate that the rich are getting richer and richer ($16.5 Billion richer every day) when many of the folks in the red states cannot find a decent paying job!


The U.S. general public will be “mad as hell” when they find out that the U.S. upper class is getting rich because of a U.S. Government accounting fraud that has been cheating them for the last 49 years!


This accounting fraud has enriched the U.S. upper class by $114.1 Trillion!


This accounting fraud has overpaid The Swamp by $21.3 Trillion!


This accounting fraud has underfunded the future benefits to the U.S. general public by $92.8 Trillion!


This accounting fraud is creating imaginary-counterfeit money out of “thin air” and giving it to the U.S. upper class!


This accounting fraud is borrowing money from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!


GAAP basis deficit spending is fraudulently and digitally printing imaginary-counterfeit money and giving it to the U.S. upper class by undertaxing them! The corrupt and criminal U.S. Government is committing fiscal and accounting fraud to give infinite imaginary-counterfeit wealth to the U.S. upper class!


Is it any wonder that the U.S. general public is irate with the corrupt and criminal U.S. Government?


The corrupt and criminal U.S. Government is enriching the rich and cheating the general public by operating its fiscal policy with Cash Accounting rather than the proper GAAP Accounting!


The U.S. Government is corrupt!


The senior officials of the U.S. Government are common criminals that have committed a $114.1 Trillion criminal act by not operating its fiscal policy with proper accrual accounting! The senior officials of the U.S. Government are common criminals because they are direct financial beneficiaries of this massive fraud! The corrupt and criminal U.S. Government is overpaying itself with imaginary-counterfeit money!


We have 535 criminals in the U.S. Congress and an untold number of criminals in the White House!


I have sent 14 whistleblower letters to the U.S. Securities and Exchange Commission, a whistleblower letter to every member of the U.S. Congress, and 9 whistleblower letters to each member of the U.S. Supreme Court so that all three branches of the U.S. Government would be informed of this massive fraud!


I have also sent over 200 Op-Eds to the “main-stream-media” in an attempt to expose this massive fraud to the citizens of Planet Earth! None of these Op-Ed candidates have been published!


This massive fraud is explained in more detail in my Open Letter to Planet Earth and my Open Letter to US General Public!


I have presented specific fraud charges against the U.S. Government in my Op-Ed Fraud Charges against U.S. Government commentary!


To eliminate this massive fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget. GAAP Accounting (Generally Accepted Accounting Principles) is the commonly used name in America for the accounting guidelines for accrual accounting.

 

National Debt   $21.3 Trillion  
Cash Deficit in FY2018   $0.79 Trillion  
GAAP Deficit in FY2018   $6.03 Trillion  
US Unfunded Future Liabilities   $92.8 Trillion  
US Unfunded Liabilities (GAAP)   $114.1 Trillion  
Imaginary-Counterfeit Money   $114.1 Trillion  
Total National Assets   $137.6 Trillion  

Source: www.usdebtclock.org Jul 27, 2018


This fraud/Ponzi scheme (USAPonzi) is explained in much more detail on my websites www.usaponzi.net and www.usaponzi.com and in my books “USAPonzi” 11/22/15, “USAPonzi2” 5/1/17, and “USAPonzi3” 2/1/18! Each of these books have updates that I made every few days until the next book was published. I have published over 630 commentaries since March 29, 2013 in an attempt to explain and expose this U.S. Government fraud!


This is the biggest ($114.1 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