USA-A Nation of Cheaters!
September 25, 2017 Emailed to WSJ/NYT/DMN on 9/27/17
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 fiscal and accounting fraud has created "A Nation of Cheaters"!
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".
USA-A Nation of Cheaters!
September 25, 2017
A corrupt U.S. Government has turned nearly an entire nation into Cheaters! Yes, anybody that reads my websites, usaponzi.net and usaponzi.com, or my books "USAPonzi" and "USAPonzi2", and does not take action to expose this U.S. Government fraud is aiding and abetting criminal activity by the U.S. Government.
The U.S. Government produces this fraud by using fraudulent accounting and as a result is operating with a dramatically unbalanced budget. The U.S. Government is operating with Cash Accounting rather than the proper GAAP Accounting which is causing the U.S. Government to spend and commit to spend much more than the U.S. taxpayers are capable of paying. This produces deficit spending by the U.S. Government which has the effect of printing counterfeit money that I call imaginary-counterfeit money.
This imaginary-counterfeit money is imaginary because it does not exist. This imaginary-counterfeit money is counterfeit because it has no value! The U.S. Government likes to pretend/imagine that the future Americans can pay it someday so it is imaginary but the future Americans can never pay it so it is counterfeit!
As of today, September 25, 2017, the corrupt U.S. Government has printed $107.6 Trillion of imaginary-counterfeit money with GAAP basis deficit spending (US Unfunded Liabilities (GAAP))! Every day the U.S. Government prints another $15.1 Billion of imaginary-counterfeit money with on-going GAAP basis deficit spending (GAAP Deficit in FY2017 = $5.50T/365 = $15.1B).
This fraud is a classic Ponzi scheme which I have named USAPonzi! The current Americans are getting paid with the future Americans' money!
This is why America appears to be the most prosperous and wealthy nation on the planet. The U.S. Government has printed $107.6 Trillion of imaginary-counterfeit money by borrowing/stealing it from the future Americans and giving it to the current Americans.
Because of the way this accounting fraud works, the U.S. upper class gets most of this imaginary-counterfeit money by being undertaxed. This is why we have a "Wealth and Income Gap"; the U.S. Government has fraudulently given the U.S. upper class $107.6 Trillion of imaginary-counterfeit money. The U.S. Government then overpays the U.S. ruling class and overpays U.S. Government benefits to the general public by borrowing money from the now fraudulently enriched U.S. upper class.
The U.S. Government is spending imaginary-counterfeit money that it has fraudulently borrowed from the fraudulently enriched U.S. upper class that got rich because they were undertaxed by a corrupt U.S. Government! What a convoluted hoax!
This deficit spending by the U.S. Government has dramatically stimulated the U.S. and global economy! This deficit spending has dramatically enriched the U.S. and global upper class!
Everybody in America gets benefit from this U.S. Government fraud. That is why nobody wants to admit to this fraud! But that is also why illegal immigrants are so anxious to get to America; they want to participate in this money making fraud.
Americans are cheating the rest of the planet because we are buying and building stuff with this imaginary-counterfeit money that the U.S. Government is creating out of "thin air" with fraudulent accounting.
The U.S. Government is digitally printing counterfeit money and giving it to the current Americans by using fraudulent accounting!
The U.S. Government is committing fiscal and accounting fraud to enrich themselves, to colossally enrich the U.S. upper class, and to colossally oppress the U.S. Common Man!
The "news media" needs to have serious and capable investigative reporters study and report on this problem so that they can help stop this U.S. Government fiscal and accounting fraud.
This U.S. Government fiscal and accounting fraud is causing bubbles in essentially all asset classes!
The rich in America are not really rich, they are faux rich, because the U.S. Government is corrupt! The U.S. upper class is appearing to get rich because the U.S. Government is borrowing/stealing imaginary-counterfeit money, $107.6 Trillion so far, from the future Americans and giving it to the U.S. upper class!
The U.S. economy is all a hoax created by a corrupt U.S. Government!
A corrupt U.S. Government has made the USA "A Nation of Cheaters"!
The U.S. Government has got to start telling the financial truth!
The "news media" has got to start reporting the financial truth!
|Cash Deficit in FY2017
|GAAP Deficit in FY2017
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org Sep 25, 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 ($107.6 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