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

USAPonzi-Conspiracy of American Elite-current
June 13, 2019


The elite in America are conspiring with the U.S. Government to colossally enrich the U.S. upper class! The U.S. Government has fraudulently borrowed $124.4 Trillion from the future Americans to enrich the U.S. upper class!


The elite in America are conspiring with the U.S. Government to hoodwink the U.S. general public into thinking they will get future benefits when the U.S. Government is underfunding these benefits so that it can overpay the U.S. ruling class and enrich the U.S. upper class!


The elite in America are conspiring with the U.S. Government to hoodwink the rest of the planet into thinking that the United States of America is rich and powerful when the U.S. Government is fraudulently borrowing money from the future Americans so the current Americans can appear to be rich and buy stuff from the rest of the planet without having to pay for any of it!


The U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class! This Ponzi scheme has already given the U.S. upper class $124.4 Trillion and is giving them $16.8 Billion more money every day by fraudulently borrowing imaginary-counterfeit money from the future Americans! This $124.4 Trillion is imaginary because the future Americans do not have $124.4 Trillion and is counterfeit because the future Americans can never repay it!


This is a $124.4 Trillion fraud!


The U.S. Government is committing a
 fiscal and accounting fraud by not using proper GAAP Accounting and is making benefits promises to the U.S. general public that it is underfunding which undertaxes and enriches the U.S. upper class! The U.S. Government has fraudulently enriched the U.S. upper class by $124.4 Trillion by deferring $124.4 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans!


This is an obvious fraud that both the American elite and the senior U.S. Government officials have chosen to ignore so they can gain massive wealth! The U.S. Government is not accruing for future benefit promises so that it can enrich the American elite!


This accounting fraud, that I call USAPonzi, is


Overpaying the U.S. ruling class
by $22.4 Trillion (National Debt)!


Enriching the U.S. upper class by undertaxing them by $124.4 Trillion (US Unfunded Liabilities (GAAP))!


Cheating the U.S. general public
by underfunding future benefit promises by $102.0 Trillion (US Unfunded Future Liabilities)!


Printing an infinite amount of counterfeit money
 so Americans can buy stuff without paying for it!


Destroying Planet Earth with Global Warming
 because we are using this infinite supply of imaginary-counterfeit money to build, buy, and operate an infinite number of environment-polluting physical objects!


The U.S. Government is committing fiscal and accounting fraud by assessing and reporting its financial condition with Cash Accounting rather than proper GAAP Accounting (Generally Accepted Accounting Principles)!


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


GAAP basis deficit spending
by the U.S. Government digitally prints imaginary-counterfeit money and gives it to the U.S. upper class by undertaxing them! When the U.S. Government assumes public liabilities, the private sector gains imaginary-counterfeit private assets! The U.S. Government has fraudulently assumed $124.4 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) and the U.S. upper class has fraudulently gained $124.4 Trillion of imaginary-counterfeit money!


The U.S. Government is conspiring with the American Elite to enrich itself and the American Elite by lying to and cheating the U.S. general public and the rest of the planet

 

National Debt   $22.4 Trillion  
Cash Deficit in FY2019   $1.00 Trillion  
GAAP Deficit in FY2019   $6.12 Trillion  
US Unfunded Future Liabilities   $102.0 Trillion  
US Unfunded Liabilities (GAAP)   $124.4 Trillion  
Imaginary-Counterfeit Money    $124.4 Trillion  
Total National Assets   $151.9 Trillion  

Source: www.usdebtclock.org June 13, 2019


GAAP Accounting
, properly applied, would prevent the U.S. Government from borrowing more money from the future Americans than the future Americans can be reasonably expected to pay!


The U.S. Government must adopt GAAP Accounting (Generally Accepted Accounting Principles) and commit to a balanced GAAP basis budget in order to eliminate this fiscal and accounting fraud and properly accrue for the future U.S. Government benefit promises that have been made to the U.S. general public!


The U.S. Government, and all sovereign entities that sponsor a currency that is used in international trade, must adopt GAAP Accounting, or its basic equivalent, to provide a level economic playing field in America and throughout Planet Earth!


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, USAPonzi2, USAPonzi3, USAPonziA, and my latest USAPonziB.


This is the biggest ($124.4 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