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

USAPonzi Distortions Summary-current
August 1, 2019


This commentary is intended to provide a high-level summary of the distortions that have been introduced into the global economy and the global financial system by the U.S. Government accounting fraud that I call USAPonzi.


The U.S. Government has committed a criminal act by using fraudulent accounting to give $125.1 Trillion to the U.S upper class!


The U.S. Government has fraudulently borrowed $125.1 Trillion from the future Americans, money the future Americans do not have, and given it to the U.S. upper class!


The U.S. Government is corrupt because it is not using proper accounting to manage its fiscal policy!


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


The U.S. Government is not using accrual accounting to properly accrue the money to pay for future U.S. Government benefit promises to the U.S. general public!


The U.S. Government has underfunded the U.S. general public benefit promises by $102.5 Trillion!


The U.S. Government has overpaid the U.S. ruling class by $22.6 Trillion!


The U.S. Government has undertaxed and enriched the U.S. upper class by $125.1 Trillion!


The U.S. Government is printing counterfeit money by undertaxing the U.S. upper class!


The U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is in the process of printing an infinite supply of counterfeit money, I call it imaginary-counterfeit money, 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 fraudulently borrowing an unending and ever-increasing stream of imaginary-counterfeit money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class!


The corrupt U.S. Government has already printed $125.1 Trillion of imaginary-counterfeit money and given it to the U.S. upper class! The amount of imaginary-counterfeit money that the corrupt U.S. Government has printed is reported on www.usdebtclock.org as US Unfunded Liabilities (GAAP)!


The corrupt U.S. Government is printing $16.8 Billion more imaginary-counterfeit money every day and giving it to the U.S. upper class!


The corrupt U.S. Government is committing what is right now a $125.1 Trillion fiscal and accounting fraud!


The corrupt U.S. Government is not operating its fiscal policy according to proper accrual accounting, which is called GAAP Accounting in America!


The corrupt U.S. Government is not operating its fiscal policy according to Generally Accepted Accounting Principles!


The corrupt U.S. Government is not properly accruing for future U.S. Government benefit promises!


The corrupt U.S. Government is committing a fiscal and accounting fraud to
enrich themselves and their upper-class friends!


GAAP basis deficit spending by the corrupt U.S. Government prints imaginary-counterfeit money and gives it to the U.S. upper class!


The corrupt U.S. Government is in the process of printing an infinite supply of imaginary-counterfeit money by fraudulently borrowing it from the future Americans!


The amount fraudulently borrowed from the future Americans is expanding toward infinity because the U.S. Government has already borrowed $125.1 Trillion from the future Americans and the interest expense on this fraudulently borrowed money exceeds the income of the U.S. Government! Since it takes all of the U.S. Government income to pay the interest on its borrowed money, the amount of money borrowed will continue to increase at a compounding rate since the U.S. Government cannot ever pay down any of the principal!


Further, the U.S. Government income is dramatically overstated because Americans are paying imaginary-counterfeit income taxes and imaginary-counterfeit capital gains taxes on the imaginary-counterfeit income and the imaginary-counterfeit wealth that they appear to be gaining from the imaginary-counterfeit money that the corrupt U.S. Government is printing by fraudulently borrowing it from the future Americans!


The corrupt U.S. Government is dramatically magnifying wealth in America by printing an infinite supply of imaginary-counterfeit money!


The corrupt U.S. Government is dramatically magnifying prosperity (GDP) in America by printing an infinite supply of imaginary-counterfeit money!


The corrupt  U.S. Government is colossally enriching the U.S. upper class!


The corrupt U.S. Government is enriching the U.S. ruling class!


The corrupt U.S. Government is colossally cheating the U.S. general public!


The corrupt U.S. Government is not properly accruing for future U.S. Government benefit promises to the U.S. general public! The U.S. general public must realize that future U.S. Government benefits will not be paid because they have not been properly accrued for!


The corrupt U.S. Government is colossally cheating the U.S. general public so that it can enrich itself and colossally enrich the U.S. upper class!


The corrupt U.S. Government is colossally cheating the rest of the planet!


Americans are buying stuff from the rest of the planet with this infinite supply of imaginary-counterfeit money without paying even a plugged nickel of real earned income!


The corrupt U.S. Government is colossally cheating the rest of the planet so that Americans can buy stuff with imaginary-counterfeit money that has been fraudulently borrowed from the future Americans!


The corrupt U.S. Government is causing inflation by printing an infinite supply of imaginary-counterfeit money!


The corrupt U.S. Government caused the Internet Bubble by printing an infinite supply of imaginary-counterfeit money!


The corrupt U.S. Government caused the Housing Bubble by printing an infinite supply of imaginary-counterfeit money!


The corrupt U.S. Government is causing a Stock Market Bubble by printing an infinite supply of imaginary-counterfeit money!


The corrupt U.S. Government is causing a Real Estate Bubble by printing an infinite supply of imaginary-counterfeit money!


The corrupt U.S. Government is causing an Automobile Bubble by printing an infinite supply of imaginary-counterfeit money!


The corrupt U.S. Government is causing an Airplane Bubble by printing an infinite supply of imaginary-counterfeit money!


The corrupt U.S. Government is causing Gold and Oil Price Bubbles by printing an infinite supply of imaginary-counterfeit money!


The corrupt U.S. Government is causing bubbles in all asset classes by printing an infinite supply of imaginary-counterfeit money by fraudulently borrowing it from the future Americans!


The corrupt U.S. Government is causing health care cost inflation by printing an infinite supply of imaginary-counterfeit money!


The corrupt U.S. Government is causing education cost inflation by printing an infinite supply of imaginary-counterfeit money!


The corrupt U.S. Government is causing education inequality by printing an infinite supply of imaginary-counterfeit money!


The U.S. upper class kids get an outstanding education paid for with imaginary-counterfeit money while the U.S. general public kids get markedly lesser educational opportunities paid for with mostly real money!


The corrupt U.S. Government has caused the wealth and income gap by printing an infinite supply of imaginary-counterfeit money and giving it to the U.S. upper class!


The corrupt U.S. Government has created millions of imaginary millionaires and hundreds of imaginary billionaires by printing an infinite supply of imaginary-counterfeit money!


The corrupt U.S. Government has made athletes and entertainers imaginary millionaires by printing an infinite supply of imaginary-counterfeit money!


The corrupt U.S. Government has caused social injustice by printing an infinite supply of imaginary-counterfeit money and giving it to the U.S. upper class!


The corrupt U.S. Government is enriching the U.S. upper class and cheating the U.S. general public!


The corrupt U.S. Government has caused America to become an immigration magnet by printing an infinite supply of imaginary-counterfeit money!


The corrupt U.S. Government may have caused the opioid crisis by printing an infinite supply of imaginary-counterfeit money!


The corrupt U.S. Government may have caused the tattoo epidemic by printing an infinite supply of imaginary-counterfeit money!


The corrupt U.S. Government gave El Chapo $14 Billion for his drug trafficking by printing an infinite supply of imaginary-counterfeit money!


The corrupt U.S. Government has built 230 tunnels under the U.S. southern border by printing an infinite supply of imaginary-counterfeit money!


The corrupt U.S. Government has made America a terrorist target by printing an infinite supply of imaginary-counterfeit money! Terrorists, both global and local, resent the opulent standard of living that has been fraudulently produced for the U.S upper class by this infinite supply of imaginary-counterfeit money!


The corrupt U.S. Government has escalated both war and terrorism by printing an infinite supply of imaginary-counterfeit money! We can buy and build a lot more guns and bombs with an infinite supply of imaginary-counterfeit money! This fraud is financing guns and bombs for the United States, our friends, and our foes!


The corrupt U.S. Government has given undue control of politics in America to the elite by printing an infinite supply of imaginary-counterfeit money and giving it to the
U.S. upper class!


The corrupt U.S. Government has caused social disintegration in America by creating free time and free money by printing an infinite supply of imaginary-counterfeit money!


The corrupt U.S. Government has caused unwarranted and useless urbanization by printing an infinite supply of imaginary-counterfeit money!


The corrupt U.S. Government has caused offshoring by printing an infinite supply of imaginary-counterfeit money!


The corrupt U.S. Government has destroyed the balance of labor and capital by printing an infinite supply of imaginary-counterfeit money!


The corrupt U.S. Government is filling planet earth with an infinite number of environment-polluting physical objects by printing an infinite supply of imaginary-counterfeit money!


The corrupt U.S. Government is causing Global Warming by printing an infinite supply of imaginary-counterfeit money!


The corrupt U.S. Government is Destroying Planet Earth by printing an infinite supply of imaginary-counterfeit money!


The corrupt U.S. Government is fraudulently stimulating the global economy by printing an infinite supply of imaginary-counterfeit money!


The corrupt  U.S. Government is causing the stock market to continuously go up by printing an infinite supply of imaginary-counterfeit money!


The corrupt U.S. Government has caused the United States of America to become the “Planet Bully” militarily by printing an infinite supply of imaginary-counterfeit money!


The corrupt U.S. Government has set the stage for an epic collapse of the global economy and the global financial system when this Ponzi scheme implodes!


What we must all realize, is that GAAP basis deficit spending by the U.S. Government prints imaginary-counterfeit money and gives it to the U.S. upper class!


The corrupt U.S. Government must eliminate this fiscal and accounting fraud by adopting GAAP Accounting and committing to a balanced GAAP basis budget!

 

National Debt   $22.6 Trillion  
Cash Deficit in FY2019  

$0.98 Trillion  

GAAP Deficit in FY2019  
$6.13 Trillion  
US Unfunded Future Liabilities   $102.5 Trillion  
US Unfunded Liabilities (GAAP)   $125.1 Trillion  
Imaginary-Counterfeit Money   $125.1 Trillion  
Total National Assets   $155.0 Trillion  

Source: www.usdebtclock.org August 1, 2019


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, “USAPonziA” 9/1/18, and “USAPonziB” 4/15/19! Each of these books have updates that I made every few days until the next book was published. I have published 758 commentaries since March 29, 2013 in an attempt to expose this U.S. Government fraud!


This is the biggest ($125.1 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