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

USAPonzi-The Great American Fraud-current
September 1, 2020


I am a whistleblower! The U.S. Government is corrupt!
The corrupt U.S. Government is not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting)! The corrupt U.S. Government is being run by common criminals that have committed a $154.2 Trillion crime by borrowing $154.2 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and giving it to the U.S. upper class!


In this commentary, I will explain how the corrupt U.S. Government is committing a fiscal and accounting fraud that is enriching the U.S. upper class and cheating the U.S. general public! This fiscal and accounting fraud has produced a dramatically inequitable economy in America with the upper class doing great while the general public is getting screwed!


The corrupt U.S. Government is lying to and cheating the U.S. general public so that it can enrich the U.S. upper class and the U.S. ruling class
The corrupt U.S. Government is promising to pay benefits to the U.S. general public but is not properly taxing the U.S. upper class to pay for these benefits! The corrupt U.S. Government is making benefit promises to the U.S. general public that it has no intention or capability to keep!


This is lying! This is cheating! This is fraud!


The corrupt U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, by committing a fiscal and accounting fraud that is promising future benefits to the U.S. general public but is not taxing the U.S. upper class enough to pay for these benefit promises! The corrupt U.S. Government is not operating its fiscal policy with GAAP Accounting (accrual accounting) that would properly accrue the money to pay these benefit promises!


Because of this fiscal and accounting fraud/Ponzi scheme, the corrupt U.S. Government 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 while fraudulently underfunding the benefit promises to the U.S. general public!


The corrupt U.S. Government is in the process of printing an infinite amount of imaginary-counterfeit money and giving it to the U.S. upper class!


Because of this fiscal and accounting fraud, the U.S. upper class is getting rich and the U.S. general public is getting screwed!


The U.S. upper class has been undertaxed by $154.2 Trillion!


The U.S. general public has been screwed by $127.5 Trillion!


It surely pays to be in the U.S. upper class or the U.S. ruling class because the corrupt U.S. Government is printing imaginary-counterfeit money at the rate of its GAAP basis deficit spending to enrich the U.S. upper class and to overpay the U.S. ruling class!


$154.2 Trillion of imaginary-counterfeit money is quite a lot of imaginary-counterfeit money but the corrupt U.S. Government is printing more of it every day so the U.S. upper class can buy an infinite amount of stuff from Amazon, an infinite number of iPhones from Apple, an infinite number of cars from Tesla, and an infinite number of airplanes from Boeing!


As the U.S. upper class spends their imaginary-counterfeit money, it spills over to the U.S. general public and to the rest of the planet so eventually everybody will be able to buy an infinite amount of stuff from Amazon, Apple, Tesla, and Boeing!


And the experts on TV are amazed that the stock prices of these companies continue to go up! The corrupt U.S. Government is in the process of borrowing an infinite amount of imaginary-counterfeit money from the future Americans so the current Americans can buy an infinite amount of everything!


That is the nature of a Ponzi scheme!


Let me say that one more time, the corrupt U.S. Government has fraudulently borrowed $154.2 Trillion from the future Americans and given it to the U.S. upper class by cheating the U.S. general public out of $127.5 Trillion!


The U.S. general public is going to be “MAD AS HELL” when they find out about this conspiracy between the U.S. upper class and the U.S. ruling class to enrich themselves by cheating the U.S. general public!


However, neither the $154.2 Trillion that the corrupt U.S. Government has given to the U.S. upper class nor the $127.5 Trillion that the corrupt U.S. Government has promised to give to the U.S. general public exists except in the criminal minds of the corrupt U.S. Government!


That is why I call this fraudulently borrowed money, imaginary-counterfeit money, it does not exist (imaginary) and it certainly has no value (counterfeit)!


This is why we have a wealth and income gap in America, the corrupt U.S. Government is not accruing for the future U.S. Government benefits that it has promised to the U.S. general public so that it can enrich the U.S. upper class and the U.S. ruling class!


The wealth and income gap in America is not just the $154.2 Trillion that the corrupt U.S. Government has given the U.S. upper class it is widened even more by the $127.5 Trillion that the U.S. general public has lost!


I call this the social injustice gap which is now $281.7 Trillion ($154.2T + $127.5T = $281.7T)!


The corrupt and criminal U.S. Government is in the process of printing an infinite amount of imaginary-counterfeit money and giving it to the U.S. upper class!


We are building and buying enough stuff with this infinite supply of imaginary-counterfeit money to cause Global Warming and the Coronavirus Pandemic (See Trilogy of Global Crises)!


The financial information presented in this commentary was sourced from www.usdebtclock.org on September 1, 2020!


I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain this fraud 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