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
May 1, 2021


This commentary explains how the U.S. Government is committing a fiscal and accounting fraud that fraudulently enriches America and the U.S. upper class! The U.S. Government is stealthily and fraudulently borrowing counterfeit money, so far $147.7 Trillion, from the future Americans and giving it to the U.S. upper class!


I am a Whistleblower
The U.S. Government is corrupt!


The corrupt U.S. Government is “cooking the books”!


The corrupt U.S. Government has pulled $147.7 Trillion out of a hat and given it to the U.S. upper class!


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


The corrupt U.S. Government is in the process of fraudulently borrowing an infinite amount of  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 is being run by common criminals!


The corrupt U.S. Government has committed a $147.7 Trillion crime!


The corrupt U.S. Government has created private wealth, primarily for the U.S. upper class, estimated to be $161.7 Trillion (US Total National Assets = $161.7 Trillion) by assuming public liabilities estimated to be $147.7 Trillion (US Unfunded Liabilities (GAAP) = $147.7 Trillion)!


The corrupt U.S. Government has fraudulently borrowed $147.7 Trillion from the future Americans to enrich the U.S. upper class!


The problem is the future Americans do not have $147.7 Trillion!


The corrupt U.S. Government has digitally printed $147.7 Trillion of counterfeit money!


The corrupt U.S. Government is enriching the rich and cheating the unrich!


The corrupt U.S. Government is committing a fiscal and accounting fraud!


The corrupt U.S. Government is not operating its fiscal policy with accrual accounting called GAAP Accounting in America!


The corrupt U.S. Government is promising future benefits to the U.S. general public but is not accruing for these benefits!


The corrupt 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 and giving it to the U.S. upper class by undertaxing them! I call this fraudulently borrowed money imaginary-counterfeit money because it does not exist (imaginary) and has no value (counterfeit)!


The corrupt U.S. Government has created a new currency, the imaginary-counterfeit dollar, that is masquerading as a real dollar!


The following notional chart presents a graphical projection of how the corrupt U.S. Government is fraudulently borrowing an infinite amount of money from the future Americans and giving it to the U.S. upper class by undertaxing them!




Other scammers have created yet another new currency, called the bitcoin, to collect these imaginary-counterfeit dollars in digital and virtual bank vaults that you can carry around in a thumb drive!


The bitcoin bandits say that their's is the better and safer currency because there are a limited number of bitcoins being minted! The corrupt U.S. Government does not have that limitation, it prints $20-40 Billion new imaginary-counterfeit dollars every day with ongoing GAAP basis deficit spending and gives them to the U.S. upper class by undertaxing them!


Who is the bigger scammer, the bitcoin bandits, or the corrupt U.S. Government?


I contend that the corrupt U.S. Government is the bigger scammer because they have created $147.7 Trillion of imaginary-counterfeit dollars and a bitcoin was only worth 19,097.70 imaginary-counterfeit dollars on Dec 4, 2020!


Both the bitcoins and the imaginary-counterfeit dollars will evaporate into the “thin air” from whence they came when this U.S. Government corruption is properly exposed!


The corrupt U.S. Government is in the process of giving infinite imaginary-counterfeit wealth to the U.S. upper class!


The corrupt U.S. Government is cheating the U.S. general public by promising but not funding future benefits!


The corrupt U.S. Government is allowing Americans to buy stuff without paying for it! Americans are buying stuff with imaginary-counterfeit dollars that the corrupt U.S. Government has fraudulently borrowed from the future Americans!


The corrupt U.S. Government has fraudulently built a billion cars!


The corrupt U.S. Government has fraudulently built 25-30,000 airplanes!


The corrupt U.S. Government has fraudulently built big houses for the upper class!


The corrupt U.S. Government has fraudulently built houses, apartments, and condos that are packed closer and closer together in bigger and bigger cities!


The corrupt U.S. Government has fraudulently built fancy new cities and airports in America, China, the Middle East, and all over the planet!


The corrupt U.S. Government has fraudulently paid athletes and entertainers tens and hundreds of millions of imaginary-counterfeit dollars!


The corrupt U.S. Government has fraudulently created millions of imaginary-counterfeit millionaires and hundreds of imaginary-counterfeit billionaires!


The corrupt U.S. Government has fraudulently made Jeff Bezos, Bill Gates, the Walton FamilyElon Musk, and Mark Zuckerburg imaginary-counterfeit centi-billionaires! A centi-billionaire is someone that has a net worth in excess of $100 Billion!


We are buying an unending and ever-increasing (Infinite) amount of stuff from their companies with an unending and ever-increasing (infinite) amount of imaginary-counterfeit money that the corrupt U.S. Government is fraudulently borrowing from the future Americans, so far $147.7 Trillion!


The corrupt U.S. Government is printing a whole lot of monopoly money, so far $147.7 Trillion, so we can buy a whole lot of stuff from these centi-billionaire companies!


American Centi-Billionaires

Centi-Billionaire  Net Worth  Company  Market Cap 
Walton Family  $218 Billion  Walmart  $422 Billion 
Jeff Bezos  $186 Billion  Amazon  $1.59 Trillion 
Elon Musk  $134 Billion  Tesla  $599 Billion 
Bill Gates  $118 Billion  Microsoft  $1.62 Trillion 
Mark Zuckerberg  $104 Billion  Facebook  $797 Billion 

December 4, 2020


The net worth of these imaginary-counterfeit centi-billionaires will drop precipitously, some to near zero, when this U.S. Government fiscal and accounting fraud is properly exposed!


The corrupt U.S. Government has given the U.S. upper class $147.7 Trillion of imaginary-counterfeit money simply by spending money it does not have and will never have and then undertaxing the U.S. upper class!


The corrupt U.S. Government has underfunded the benefit promises to the U.S. general public by $119.5 Trillion!


The corrupt U.S. Government has caused the stock market to continually go up simply by fraudulently borrowing $147.7 Trillion of imaginary-counterfeit money from the future Americans over the last 52 years! The corrupt U.S. Government keeps the stock market moving upward by borrowing more imaginary-counterfeit money every day, and at an exponentially increasing pace, from the future Americans with ongoing GAAP basis deficit spending and giving it to the U.S. upper class (GAAP Deficit in FY2021 = $14.16T/365 days = $38.8B/day)!


The corrupt U.S. Government has caused wealth and income inequality!


The corrupt U.S. Government has caused Global Warming!


The corrupt U.S. Government has caused the Coronavirus Pandemic!


The corrupt U.S. Government is causing the Hunger Pandemic!


The corrupt U.S. Government is causing The Greatest Depression!


The corrupt U.S. Government is Destroying Planet Earth!


The U.S. Government is corrupt!


The corrupt U.S. Government is filled with scoundrels, liars, cheaters, and criminals!


The corrupt U.S. Government has fraudulently enriched itself and its upper-class friends, devastated the common man, and destroyed planet earth by committing a $147.7 Trillion fiscal and accounting fraud!


I have sent numerous whistleblower letters to various U.S. Government entities including 6 letters to each and every member of the U.S. Congress in an attempt to expose this U.S. Government fiscal and accounting fraud. The following is a link to my seventh whistleblower letter to the U.S. Congress.


Whistleblower Letter #7 to the U.S. Congress


The devastating impact of this accounting fraud on Planet Earth is summarized in my Oct 1, 2020 commentary.


Quintet of Global Crises (Economy, Climate, Health, Hunger, Depression)



US National Debt  $28.2 Trillion 
Cash Deficit in FY2021  $3.26 Trillion 
*GAAP Deficit in FY2021  $14.16 Trillion 
US Unfunded Future Liabilities  $119.5 Trillion 
US Unfunded Liabilities (GAAP)  $147.7 Trillion 
Imaginary-Counterfeit Money  $147.7 Trillion 
US Total National Assets  $161.7 Trillion 

Source: www.usdebtclock.org May 1, 2021
*GAAP Deficit-current


The current fiscal policy of the corrupt U.S. Government, I call it USAPonzi, is Destroying Planet Earth!


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