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. Government fraud causes Class Inequality!
July 13, 2017    Emailed to WSJ/NYT/DMN on 7/13/17


The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains how U.S. Government fraud is causing "Class Inequality"!


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".


U.S. Government fraud causes Class Inequality!

July 13, 2017


The U.S. Government is committing fiscal policy and accounting fraud that is causing "Class Inequality" in the United States of America!


The U.S. Government is corrupt! The senior officials within the U.S. Government are common criminals! The U.S. Government is committing criminal fraud to dramatically enrich themselves, to colossally enrich the U.S. upper class, to colossally cheat the U.S. Common Man, and to colossally cheat the rest of the planet.


The U.S. Government is using fraudulent accounting to cause "Class Inequality" within the United States of America and between the United States of America and the rest of the planet!


The United States of America, the supposed bastion of freedom, democracy, equality, justice, and fairness, is committing fiscal and accounting fraud to enrich the upper class and to oppress the common man!


The U.S. Government is running a Ponzi scheme (USAPonzi) by operating with Cash Accounting rather than the proper GAAP Accounting. Because of this fraud, the U.S. Government is not properly funding the future benefit promises the U.S. Government has made to the common man. When the upper class does not have to pay for these future benefits, they get rich! When the U.S. Government does not set aside the money to pay for the future benefits to the common man, they get screwed! Then the U.S. Government has the unmitigated gall to borrow money from the "now fraudulently enriched" upper class to overpay itself!


This fraud has borrowed $106.8 Trillion from the future Americans and given it to the U.S. upper class by undertaxing them!


This fraud has underfunded the benefit promises to the common man by $86.8 Trillion!


This fraud has overpaid the ruling class by $20.0 Trillion!


This fraud has given the current Americans $106.8 Trillion so that they can fraudulently buy stuff from each other and the rest of the planet with this $106.8 Trillion that the U.S. Government has fraudulently borrowed from the future Americans.


That is how the U.S. Government is causing "Class Inequality" within the United States of America and between America and the rest of the planet! The U.S. Government just fraudulently borrows imaginary-counterfeit money, so far $106.8 Trillion, from the future Americans and gives it to the U.S. upper class by undertaxing them! Then the U.S. Government uses fraudulent accounting to try to cover its tracks!


This U.S. Government fraud is not only causing "Class Inequality", it is causing the Wealth and Income Gap!

 

National Debt  $20.0 Trillion 
Cash Deficit in FY2017  $0.67 Trillion 
GAAP Deficit in FY2017 
$5.54 Trillion 
US Unfunded Future Liabilities  $86.8 Trillion 
US Unfunded Liabilities (GAAP)  $106.8 Trillion 
Imaginary-Counterfeit Money 
$106.8 Trillion 
Total National Assets 

$132.3 Trillion 

Source: www.usdebtclock.org Jul 13, 2017


This U.S. Government fraud can only be equitably eliminated by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government.


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) and "USAPonzi2" (May 1, 2017) which are available on Amazon to better explain this fraud/Ponzi scheme.


This is the biggest ($106.8 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and it is "The Biggest Ponzi Scheme on the Planet"!


John W. White

Plano, TX