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

Trump Tower Moscow financed by USAPonzi 181202
December 2, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, Senator Ted Cruz, and Dallas Mayor Mike Rawlings 12/3/18


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 how the Trump Tower Moscow project appears to be a viable business endeavor only because USAPonzi has printed $115.8 Trillion of imaginary-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 should be operating its fiscal policy with accrual accounting!


Trump Tower Moscow financed by USAPonzi 181202
December 2, 2018


The U.S. Government is running a Ponzi scheme, I call it USAPonzi, that appears to make a luxurious Trump Tower in Moscow a viable business endeavor!


The U.S. Government is corrupt! The U.S. Government is operating its fiscal policy with a totally absurd accounting system by not using Generally Accepted Accounting Principles (GAAP Accounting)! The U.S. Government is promising and paying government benefits without taxing the U.S. upper class enough to pay for these benefits! The U.S. Government is promising government benefits but is not properly accruing the money to pay for these benefits!


This U.S. Government fiscal policy and accounting system is so absurd that it is akin to playing NFL football with the rules for ping pong!


This accounting fraud is enriching the rich and screwing the poor! This is true, not just in America, but all over planet earth!


This accounting fraud has created outrageous wealth for the upper class all over the planet while oppressing the general population!


This accounting fraud has created extreme wealth and prosperity in the United States of America for the 1% club but will be devastating for the U.S. general public that is counting on future benefits that have been underfunded (in reality not funded at all) so that the U.S. upper class can get outrageously wealthy!


This accounting fraud is printing imaginary-counterfeit money ($115.8 Trillion so far), is giving great imaginary-counterfeit wealth to the U.S. upper class, and is dramatically and fraudulently stimulating the U.S. and global economies with GAAP basis deficit spending ($6.07 Trillion in FY2019)!


This accounting fraud is in the process of printing an unending and ever-increasing (infinite) amount of imaginary-counterfeit money and giving it to the U.S. upper class!


This accounting fraud is filling the planet with tall buildings, cars, airplanes, boats, big houses, stores, banks, restaurants, factories, chemical plants, guns, bombs, etc. etc. that are being bought and built with the imaginary-counterfeit money that this fraud has produced with GAAP basis deficit spending!


Author's note: I contend that this accounting fraud is also the primary cause of Global Warming because the U.S. Government is fraudulently borrowing an unending and ever-increasing amount of imaginary-counterfeit money from the future Americans so the current Americans can buy, build, and operate an unending and ever-increasing number of environment-polluting objects (See Open Letter to GlobalChange.gov)!


This accounting fraud has made America appear to be the wealthiest and most prosperous country on the planet! The corrupt and criminal U.S. Government has been running this Ponzi scheme for 49 years and the problem gets more acute and distorted every day that this fraud is allowed to continue!


This accounting fraud has created outrageous imaginary-counterfeit wealth in many places but Saudi Arabia is one of the more prominent! This fraud has fraudulently given great wealth to Saudi Arabia and has mistakenly built numerous opulent skyscrapers in the Middle East that will be ghost towers when this fraud is exposed! People all over the planet are buying oil from Saudi Arabia with imaginary-counterfeit money that the corrupt and criminal U.S. Government has fraudulently borrowed from the future Americans! $115.8 Trillion of imaginary-counterfeit money can buy a lot of oil even at $50-100 a barrel!


The price of oil will drop dramatically when USAPonzi implodes and $115.8 Trillion of imaginary-counterfeit money evaporates!


This accounting fraud has ironically created outrageous imaginary-counterfeit wealth in Russia that makes it appear as though they can support a luxurious Trump Tower in Moscow! The elite in Russia seem to have money running out of their ears simply because the U.S. Government has printed $115.8 Trillion of imaginary-counterfeit money that the corrupt and criminal U.S. Government has fraudulently released into the global financial system and the global economy with GAAP basis deficit spending!


On November 29, 2018, we became aware of some of the details of a proposed project to build a Trump Tower in Moscow! One of the interesting aspects of this proposed project is the alleged offer to give Vladimir Putin a $50 Million penthouse apartment in Trump Tower Moscow! The Trump Corporation appears to be offering special benefits to Vladimir Putin to gain approval and/or funding for Trump Tower Moscow.


The details of the Trump Tower Moscow project are not the point of this commentary! What I hope to communicate is that this project only appears to be viable because the U.S. Government is corrupt! The U.S. Government is committing a fiscal and accounting fraud by not using proper GAAP Accounting which has produced a classic Ponzi scheme that I call USAPonzi! This Ponzi scheme is creating imaginary-counterfeit money out of “thin air” by fraudulently borrowing it from the future Americans!


Over one third of the net worth of the entire planet
(Total Global Wealth is $317 Trillion according to a Credit Suisse 2018 report) has been gained by fraudulently borrowing money from the future Americans ($115.8 Trillion)!


List of Countries by Total Wealth
(Credit Suisse Global Wealth Report 2018)

Total Wealth 
Rank  Country  (billions USD) 
World  317,084 
United States  98,154 
China  51,874 
Japan  23,884 
Germany  14,488 
United Kingdom  14,209 
France  13,883 
Italy  10,569 
Canada  8,319 

Australia 

7,577 
10  Spain  7,152 
11  South Korea  7,107 
12  India  5,972 
13  Taiwan 

4,065 

14  Switzerland  3,611 
15  Netherlands  3,357 
16  Belgium  2,776 
17  Brazil  2,464 
18  Russia  2,240 
19  Sweden  1,920 
20  Mexico  1,729 
29  Saudi Arabia  977 

 


The United States of America appears to be the wealthiest and most prosperous country on the planet because the U.S. Government has fraudulently borrowed $115.8 Trillion from the future Americans, money that the future Americans do not have, and given it to the U.S. upper class (See Enriching the U.S. Upper Class by $115.8 Trillion)!


Author's Note: The wealth of many of our trading partners is also dramatically overstated in this Credit Suisse Global Wealth Report because Americans, and people all over the planet, are buying stuff with imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans!


Author's Note: This U.S. Government accounting fraud is the sole reason that the economic expansion in China has been so dramatic over the last 3 decades! We have gotten the people in China to build a whole of stuff that we are buying from them with imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans! The Chinese may be stealing our intellectual property but we are stealing their goods and services! Both thefts need to be stopped!


Most of the financial experts blame the Fed monetary policy for printing money to stimulate the global economy when it is the U.S. Government fiscal policy that is printing the money, $16.6 Billion every day, to fraudulently stimulate the global economy and create imaginary-counterfeit wealth! The U.S. Government has deferred $115.8 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans and undertaxed the current Americans, primarily the U.S. upper class, by $115.8 Trillion which has introduced $115.8 Trillion of imaginary-counterfeit money into the global financial system and the global economy.


The U.S. Government has created imaginary-counterfeit wealth of $115.8 Trillion for the U.S. upper class by fraudulently borrowing it from the future Americans!


This accounting fraud has created an unending and ever-increasing stream of imaginary-counterfeit money that the planet is using to buy oil and gas from Russia! Accounting fraud by the U.S. Government has created great imaginary-counterfeit wealth in Russia so a luxury tower in Moscow seems to be viable just like luxury towers seem to be viable in America, China, the Middle East, and in fact all over the planet!


The U.S. Government is in the process of printing an infinite amount of imaginary-counterfeit money so that the now fraudulently rich Russians can pay exorbitant prices for hotel rooms, luxury condos, and plush offices in the proposed Trump Tower Moscow!


The U.S. Government has created great wealth in Russia, and all over the planet, simply by fraudulently borrowing money from the future Americans, money the future Americans do not have, so we can build tall luxury buildings all over the planet! The U.S. Government is printing $16.6 Billion of imaginary-counterfeit money every day with GAAP basis deficit spending.


Vladimir Putin
allegedly has a net worth on the order of $200 Billion simply because the U.S. Government has printed $115.8 Trillion of imaginary-counterfeit money by fraudulently borrowing it from the future Americans! According to the above table, this would mean that Vladimir Putin controls nearly 10% of the total imaginary-counterfeit wealth in Russia!


When it becomes evident to the entire planet that the future Americans cannot pay the $115.8 Trillion that has been fraudulently borrowed from them, this $115.8 Trillion of imaginary-counterfeit money will evaporate, Putin and all Russians will not be nearly as rich as they appear to be now, and the proposed Trump Tower Moscow would not have the income to make it viable!


USAPonzi
is printing imaginary-counterfeit money that appears to make the Trump Tower Moscow viable!


USAPonzi
is building tall luxury buildings all over Planet Earth and many of them will be ghost towers when USAPonzi implodes!


The corrupt and criminal U.S. Government is filling Planet Earth with environment-polluting objects that are being bought, built, and rented with what is now $115.8 Trillion of imaginary-counterfeit money that the corrupt and criminal U.S. Government has fraudulently borrowed from the future Americans and given to the U.S. upper class!


USAPonzi is a $115.8 Trillion fraud that is growing by $16.6 Billion a day!


The U.S. Government is borrowing money, $16.6 Billion a day, from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class!


The U.S. Government is corrupt!


The senior officials of the U.S. Government are common criminals that have committed a $115.8 Trillion criminal act by not operating the U.S. Government 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 “mainstream 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 US Government, 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 Fraud Charges against US Government commentary!


I have also explained this fraud to the International Monetary Fund in my Open Letter to the International Monetary Fund commentary!


To eliminate this massive ($115.8 Trillion) fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.

 

National Debt  $21.8 Trillion 
Cash Deficit in FY2019  $0.84 Trillion 
GAAP Deficit in FY2019  $6.07 Trillion 
US Unfunded Future Liabilities  $94.0 Trillion 
US Unfunded Liabilities (GAAP)  $115.8 Trillion 
Imaginary-Counterfeit Money  $115.8 Trillion 
Total National Assets  $151.1 Trillion 

Source: www.usdebtclock.org Dec 2, 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, “USAPonzi3 2/1/18, and “USAPonziA 9/1/18! Each of these books have updates that I made every few days until the next book was published. I have published 687 commentaries since March 29, 2013 in an attempt to explain and expose this massive U.S. Government fraud!


This is the biggest ($115.8 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