USAPonzi-The Biggest Ponzi Scheme on the Planet-The U.S. Government

                    Copyright Declaration                                                                                                                                       John W. White    March 29, 2013

US Government Income is Counterfeit Money 210618
June 18, 2021
Emailed to United Nations, Fed Chair Jay Powell, Minneapolis Fed President Neel Kashkari, Dallas Fed President Robert Kaplan, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, The U.S. SEC, NYT/WSJ/WP/CNBC/DMN on 6/18/21


I am a Whistleblower! The U.S. Government is corrupt!


The corrupt U.S. Government is “cooking the books”!


The corrupt U.S. Government is not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting)!


The corrupt U.S. Government is “cooking the books” by fraudulently borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!


The corrupt U.S. Government is giving infinite counterfeit wealth to the U.S. upper class by lying to and cheating the U.S. general public!


The corrupt U.S. Government has fraudulently given the U.S. upper class $149.4 Trillion by undertaxing them and has fraudulently cheated the U.S. general public out of $121.0 Trillion by underfunding the future benefit promises!


The corrupt U.S. Government is being run by common criminals that have committed a $149.4 Trillion crime!


The corrupt U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is in the process of printing an infinite amount of counterfeit money, I call it imaginary-counterfeit money, by fraudulently borrowing it from the future Americans and giving it to the U.S. upper class by undertaxing them!


The corrupt U.S. Government is “cooking the books” by promising to pay future benefits but is not using Generally Accepted Accounting Principles (GAAP Accounting) to accrue the money pay these future benefits! Because of this fraud, the corrupt U.S. Government has fraudulently enriched the U.S. upper class by $149.4 Trillion (US Unfunded Liabilities GAAP)) and cheated the U.S. general public out of $121.0 Trillion (US Unfunded Future Liabilities) of future benefits!


The corrupt U.S. Government has already printed $149.4 Trillion of imaginary-counterfeit money and given it to the U.S. upper class to give the U.S. upper class great but counterfeit wealth and to dramatically stimulate the U.S. economy by buying and selling stuff with the infinite supply of imaginary-counterfeit money that the corrupt U.S. Government is fraudulently borrowing from the future Americans and giving to the U.S. upper class!


Printing an infinite amount of imaginary-counterfeit money, by fraudulently borrowing it from the future Americans, makes the U.S. upper class appear to be very rich! So far, the corrupt U.S. Government has printed $149.4 Trillion of imaginary-counterfeit money to create US Total National Assets of $162.8 Trillion!


Printing an infinite amount of imaginary-counterfeit money, by fraudulently borrowing it from the future Americans, makes the U.S. economy appear to be very strong! So far, the corrupt U.S. Government has printed $149.4 Trillion of imaginary-counterfeit money to create US Gross Domestic Product of $22.2 Trillion!


When this fiscal and accounting fraud is exposed, the imaginary-counterfeit money (currently $149.4 Trillion) will evaporate, the U.S. Gross Domestic Product will likely drop by about 95%, and the U.S. Government income will likely drop by about 95%!


Because of this fiscal and accounting fraud, the corrupt U.S. Government has a GAAP Deficit in FY2021 that is estimated to be about $14 Trillion even with the highly inflated US Federal Tax Revenue of $3.43 Trillion and this U.S. Government income will drop dramatically when the U.S. Government starts telling the financial truth!


The corrupt U.S. Government is admitting to a ridiculous US Cash Deficit in FY2021 of $3.28 Trillion when its real deficit is a US GAAP Deficit in FY2021 on the order of $14 Trillion! Further, the U.S. Government Income is imaginary-counterfeit money that has been paid with income taxes by people that are earning imaginary-counterfeit money and people that are sometimes paying capital gains taxes on capital gains created by the corrupt U.S. Government printing an infinite amount of imaginary-counterfeit money by fraudulently borrowing it from the future Americans and giving it to the U.S. upper class!


The following notional chart shows how the corrupt U.S. Government has been fraudulently borrowing money from the future Americans since 1969. As of June 18, 2021, the corrupt U.S. Government has borrowed $149.4 Trillion from the future Americans and given it to the U.S. upper class! The rate at which the U.S. Government is fraudulently borrowing imaginary-counterfeit money from the future Americans is increasing exponentially and could reach a quadrillion dollars (a thousand trillion dollars) by 2045 so Americans, especially the U.S. upper class, can appear to get richer and richer and the U.S. Economy can appear to get stronger and stronger!





 

The corrupt U.S. Government is “cooking the books” so we can pretend like the U.S. upper class is very rich and the U.S. economy is very strong!


The corrupt
U.S. Government is a
Criminal Enterprise!



US Gross Domestic Product  $22.2 Trillion 
US National Debt  $28.4 Trillion 
US Federal Tax Revenue  $3.43 Trillion 
Cash Deficit in FY2021  $3.28 Trillion 
GAAP Deficit in FY2021  $14.02 Trillion 
US Unfunded Future Liabilities  $121.0 Trillion 
US Unfunded Liabilities (GAAP)  $149.4 Trillion 
Imaginary-Counterfeit Money  $149.4 Trillion 
US Total National Assets  $162.8 Trillion 

Source: www.usdebtclock.org June 18, 2021


I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain this accounting fraud/Ponzi scheme and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can be downloaded from my www.usaponzi.net website.


John W. White
Plano, TX