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

U.S. Economy is Rigged to Favor the Rich! 181011
October 11, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 10/12/18


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 why the U.S. Economy is Rigged to Favor the Rich”!


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!


U.S. Economy is Rigged to Favor the Rich! 181011
 October 11, 2018


The U.S. Economy is Rigged to Favor the Rich!


The U.S. Government is committing fiscal and accounting fraud by not using proper accrual accounting which is fraudulently enriching the U.S. upper class (the rich)!


This U.S. Government fiscal and accounting fraud has produced $115.1 Trillion of imaginary-counterfeit money and has produced 2,208 imaginary billionaires (according to the Forbes 2018 rich list)!


Because the U.S. Government not using accrual accounting, the U.S. Government is running a massive Ponzi scheme that I have named USAPonzi! The U.S. Government is fraudulently borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class (the rich)! The U.S. Government is fraudulently enriching the U.S. upper class!


The U.S. Government is promising future benefits to the U.S. general public but is not accruing the money to fund these future benefit promises! The U.S. Government is fraudulently cheating the U.S. general public!


The U.S. upper class (the rich) are being dramatically undertaxed because the U.S. Government is not accruing the money to pay these future benefits!


The corrupt and criminal U.S. Government has overpaid itself and its related businesses by $21.6 Trillion (National Debt) and has underfunded the future benefit promises to the U.S. general public by $93.5 Trillion (US Unfunded Future Liabilities)!


The corrupt and criminal U.S. Government has deferred $115.1 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans and has undertaxed the current Americans, primarily the U.S. upper class, by $115.1 Trillion creating $115.1 Trillion of imaginary-counterfeit money! The money that appears to be gained by deferring public liabilities to the future Americans does not exist (it is imaginary) and it has no value (it is counterfeit) because the future Americans cannot pay $115.1 Trillion of public liabilities!


The corrupt and criminal U.S. Government is fraudulently borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class!


The corrupt and criminal U.S. Government has fraudulently
enriched the U.S. upper class by undertaxing them by $115.1 Trillion and has fraudulently cheated the U.S. general public by underfunding the future benefit promises to the U.S. general public by $93.5 Trillion!


The corrupt and criminal U.S. Government has rigged the U.S. economy so that the U.S. upper class can become infinitely rich and the U.S. general public is being screwed because the future benefit promises to the U.S. general public have been underfunded!


This is why Donald Trump is so rich! This is why Warren Buffett and Bill Gates are so rich! This is why Jeff Bezos is so rich! This is why Vladimir Putin is so rich! This is why the Saudi Princes are so rich! This is why the American and Chinese economies have been booming! This is why the stock market continues to go up! This is what caused the internet bubble and the housing bubble! This is why we have so damn many cars, airplanes, houses, tall buildings, and big cities! This is why pro athletes and entertainers can make $millions even $billions!


$115.1 Trillion of imaginary-counterfeit money, fraudulently borrowed from the future Americans, can make a lot of people very rich!


This U.S. Government fiscal and accounting fraud has created millions of imaginary millionaires and 2,208 imaginary billionaires according to the Forbes 2018 rich list!


The corrupt and criminal U.S. Government has created $115.1 Trillion of imaginary-counterfeit money out of “thin air” by fraudulently borrowing it from the future Americans! The future Americans have an infinite amount of imaginary-counterfeit money so, if this fraud is allowed to continue, the current Americans can build and buy an infinite number of cars, an infinite number of airplanes, an infinite number of houses, an infinite number of tall buildings, and an infinite number of big cities!


Americans are building and buying stuff with the unending and ever-increasing stream of imaginary-counterfeit money that the corrupt and criminal U.S. Government is fraudulently borrowing from the future Americans with GAAP basis deficit spending!


The corrupt and criminal U.S. Government is printing imaginary-counterfeit money with GAAP basis deficit spending to enrich the rich and fill planet earth with useless environment-polluting objects!


The corrupt and criminal U.S. Government is projected to print $6.05 Trillion (GAAP Deficit in FY2019) more imaginary-counterfeit money in FY2019 so we can build and buy more cars, airplanes, houses, tall buildings, and big cities!


And next year we will have even more imaginary-counterfeit money so we can build and buy even more and more cars, airplanes, houses, tall buildings, and big cities!


And the next year we will have even more imaginary-counterfeit money so we can build and buy even more and more and more cars, airplanes, houses, tall buildings, and big cities!


Etc., Etc., Etc.!


And since the corrupt and criminal U.S. Government must pay compound interest on the amount of money that it has fraudulently borrowed from the future Americans, currently $115.1 Trillion, the number of cars, airplanes, houses, tall buildings, and big cities we can build and buy every year is increasing exponentially!


This is the very nature of Ponzi schemes; they tend to get bigger and bigger until they implode!


Pretty soon, we are going to have a whole hell of a lot of cars, airplanes, houses, tall buildings, and big cities!


I contend that this accounting fraud could be the major cause of Global Warming! This could be why the hurricanes seem to be getting more ferocious!


We are producing an exponentially increasing amount of environment-polluting objects with the unending and ever-increasing stream of imaginary-counterfeit money that the corrupt and criminal U.S. Government is fraudulently borrowing from the future Americans! So far, the U.S. upper class has been fraudulently given $115.1 Trillion of imaginary-counterfeit money!


The corrupt and criminal U.S. Government has rigged the U.S. economy to favor the rich by operating its fiscal policy with Cash Accounting rather than proper and Generally Accepted Accounting Principles (GAAP Accounting)! The U.S. upper class is getting rich because the U.S. Government is not funding the future benefit promises to the U.S. general public!


The corrupt and criminal U.S. Government is fraudulently borrowing $16.6 Billion every day from the future Americans and giving it to the U.S. upper class!


The corrupt and criminal U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, by fraudulently borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class!


GAAP basis deficit spending by the U.S. Government is printing imaginary-counterfeit money and giving it to the U.S. upper class!


The U.S. Economy is Rigged to Favor the Rich!


The corrupt and criminal U.S. Government is fraudulently borrowing money from the future Americans, money the future Americans do not have, and giving it to the Rich!


USAPonzi is a $115.1 Trillion Fraud!


The U.S. Government is corrupt!


The senior officials of the U.S. Government are common criminals that have committed a $115.1 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 U.S. 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 ($115.1 Trillion) fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.

 

National Debt  $21.6 Trillion 
Cash Deficit in FY2019  $0.88 Trillion 
GAAP Deficit in FY2019 
$6.05 Trillion 
US Unfunded Future Liabilities  $93.5 Trillion 
US Unfunded Liabilities (GAAP)  $115.1 Trillion 
Imaginary-Counterfeit Money 
$115.1 Trillion 
Total National Assets 

$149.1 Trillion 

Source: www.usdebtclock.org Oct 11, 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 664 commentaries since March 29, 2013 in an attempt to explain and expose this massive U.S. Government fraud!


This is the biggest ($115.1 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