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

USAPonzi simplified!
October 17, 2017     Emailed to WSJ/NYT/DMN on 10/17/17


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times” and “The Dallas Morning News” that tries to simplify the explanation of the  Ponzi scheme of the U.S. Government that I call USAPonzi.


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”!


USAPonzi simplified!

October 17, 2017


The U.S. Government is using fraudulent accounting to borrow money from the future Americans to enrich the U.S. upper class!


The U.S. Government is corrupt!


The U.S. Government is not using proper accrual accounting (GAAP Accounting)!


The U.S. Government is running a $108.6 Trillion Ponzi scheme that I have named USAPonzi!


The U.S. Government has borrowed $108.6 Trillion from the future Americans, money that the future Americans do not have, and given it to the U.S. upper class!


The U.S. Government has digitally printed $108.6 Trillion of imaginary-counterfeit money and given it to the U.S. upper class!


The U.S. Government has given the U.S. upper class $108.6 Trillion!


The U.S. Government has given the U.S. upper class $108.6 Trillion!


The amount of money that the U.S. Government has borrowed from the future Americans and given to the U.S. upper class is reported on www.usdebtclock.org as US Unfunded Liabilities (GAAP).

 

National Debt  $20.4 Trillion 
Cash Deficit in FY2018  $0.69 Trillion 
GAAP Deficit in FY2018  $5.65 Trillion 
US Unfunded Future Liabilities  $88.2 Trillion 
US Unfunded Liabilities (GAAP)  $108.6 Trillion 
Imaginary-Counterfeit Money  $108.6 Trillion 
Total National Assets  $134.4 Trillion 

Source: www.usdebtclock.org Oct 17, 2017


This is how the U.S. upper class has gotten rich! This is what has created the wealth and income gap!


The U.S. Government has given the U.S. upper class $108.6 Trillion of imaginary-counterfeit money by deferring $108.6 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans!


The U.S. Government is giving the U.S. upper class $15.5 Billion every day with ongoing GAAP basis deficit spending in FY2018 of $5.65 Trillion ($5.65T/365 = $15.5B).


This is fraud because the future Americans can never pay these public liabilities!


The U.S. upper class is getting richer and richer because of this fraud!


The stock market is going higher and higher because of this fraud!


The U.S. Government is creating money out of "thin air" to enrich the U.S. upper class and to pump up the stock market!


The U.S. Government is being run by a bunch of common criminals!


Please read www.usaponzi.net for further explanation of the Ponzi scheme fiscal policy of the U.S. Government!


John W. White

Plano, TX