Trump takes credit for 49 year fraud 180530
May 30, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 5/29/18
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 why “Trump is taking credit for a 49 year old 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 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 takes credit for 49 year fraud 180530
May 30, 2018
America appears to be the richest and most powerful country on Planet Earth simply because the U.S. Government is committing fiscal and accounting fraud!
President Trump is taking personal credit for the apparent strength of the U.S. economy! The following is President Trump's memorial day tweet to honor(?) the fallen in the U.S. military! This tweet is really just another opportunity for Trump to congratulate himself in a way that erroneously claims credit for a fiscal and accounting fraud that has been gaining steam for the last 49 years!
“Happy Memorial Day! Those who died for our great country would be very happy and proud at how well our country is doing today. Best economy in decades, lowest unemployment numbers for Blacks and Hispanics EVER (& women in 18years), rebuilding our Military and so much more. Nice!”
What President Trump does not realize is that he has actually had nothing to do with the apparent strength of the U.S. and global economies! This apparent economic strength is due to fiscal and accounting fraud by the U.S. Government over which President Trump now unwittingly presides!
This fiscal and accounting fraud was launched by President Lyndon Johnson in FY1969 and has been operating under the presidential leadership of now 10 U.S. Presidents! This fraud has created $113.4 Trillion of imaginary-counterfeit wealth out of “thin air”!
The United States of America has been running a Ponzi scheme (USAPonzi) for nearly 49 years to give the appearance that America is the richest and most powerful country in the history of the planet!
This is a very simple fraud! The U.S. Government borrows money from the future Americans, money that the future Americans do not have, and gives it to the U.S. upper class! This is why the U.S. and global economies appear to be doing so well!
The United States of America has been committing fiscal and accounting fraud since FY1969 by not operating its fiscal policy with accrual accounting! This fiscal and accounting fraud has created $113.4 Trillion of imaginary-counterfeit money out of “thin air” by fraudulently borrowing it from the future Americans and giving it to the U.S. upper class by undertaxing them!
The U.S. Government has been cheating the rest of the planet for 49 years by digitally printing counterfeit money to “Make America Great”!
Because of this fiscal and accounting fraud, the corrupt and criminal U.S. Government just borrows an unending and ever-increasing amount of imaginary-counterfeit money from the future Americans and gives it to the U.S. upper class!
The U.S. economy should look like it is doing well when the U.S. Government is stuffing $16.5 Billion into the pockets of the U.S. upper class every single day!
This fraud is enriching the U.S. upper class by $113.4 Trillion (US Unfunded Liabilities (GAAP))!
This fraud is cheating the U.S. general public by $92.2 Trillion (US Unfunded Future Liabilities)!
This fraud is enriching the U.S. ruling class by $21.2 Trillion (National Debt)!
This fraud is cheating the rest of the planet by allowing Americans to buy stuff from the rest of the planet without having to pay for it by using $113.4 Trillion of imaginary-counterfeit money that has been fraudulently borrowed from the future Americans!
This fiscal and accounting fraud is explained in more detail in my “Open Letter to Planet Earth 180525”!
The U.S. Government is filled with scoundrels, liars, cheaters, and criminals that are running a massive Ponzi scheme because they are not operating the U.S. Government fiscal policy with proper accrual accounting!
We now have 535 criminals in the U.S. Congress and an untold number of criminals in the White House!
It appears to me that President Donald Trump has no clue that it is fiscal and accounting fraud that is stimulating the U.S. and global economies rather than economic brilliance on his part! But I must admit that it is hard to tell what Donald Trump knows and does not know!
Yes, I know that the Trump tax cuts will increase the Cash basis deficit spending by an estimated $1.5 Trillion over the next ten years, but USAPonzi has already produced GAAP basis deficit spending of $113.4 Trillion, is producing GAAP basis deficit spending of $6.02 Trillion in FY2018, and will incur GAAP basis deficit spending of over $60 Trillion more over the next 10 years!
Donald Trump's tax cuts are making a really, really bad situation a little bit worse! USAPonzi is fraudulently making America look wealthy and prosperous when honest accounting indicates that we are headed toward an economic and financial disaster of epic proportions!
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.
|Cash Deficit in FY2018
|GAAP Deficit in FY2018
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org May 30, 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”, “USAPonzi2”, and “USAPonzi3”!
This is the biggest ($113.4 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.
John W. White