USAPonziB Announcement: The Ultimate Fraud! 190415
April 15, 2019
Emailed to WSJ/NYT/WP/DMN, the US SEC, Fed Chairman Jay Powell, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, and Dallas Mayor Mike Rawlings 4/16/19
Today, I am announcing the publication of “USAPonziB” my fifth book on the U.S. Government accounting fraud that I call USAPonzi! This accounting fraud is a classic Ponzi scheme sponsored by the U.S. Government, hence the name USAPonzi!
“USAPonziB” updates my prior analyses of the financial condition of the United States of America and the global financial system with financial information as of today, April 15, 2019. I will provide incremental updates every few days to the key sections of this book with the realtime information as reported by www.usdebtclock.org!
You can read the initial publication of this book in PDF format by downloading it from this link USAPonziB and opening it with Adobe Acrobat Reader DC.
“USAPonziB” is also available on Amazon in Kindle and Paperback formats along with my four previous books on USAPonzi!
Hopefully, this will be my last book on this massive ($123.5 Trillion) U.S. Government accounting fraud before USAPonzi implodes.
Since FY1969, the U.S. Government has been committing a fiscal and accounting fraud by assessing and reporting its financial condition with cash accounting rather than proper accrual accounting!
This accounting fraud 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!
This accounting fraud is in the process of printing an infinite amount of imaginary-counterfeit money and giving it to the U.S. upper class!
This accounting fraud has fraudulently enriched the U.S. upper class by $123.5 Trillion!
This accounting fraud has fraudulently cheated the U.S. general public by $101.3 Trillion!
This accounting fraud has created $123.5 Trillion of imaginary-counterfeit money out of “thin air” and given it to the U.S. upper class with GAAP basis deficit spending of $123.5 Trillion since FY1969!
The corrupt and criminal U.S. Government has digitally printed $123.5 Trillion of imaginary-counterfeit money and given it to the U.S. upper class by undertaxing them!
The corrupt and criminal U.S. Government digitally prints $16.7 Billion more imaginary-counterfeit money every day and gives it to the U.S. upper class with GAAP basis deficit spending of $6.10 Trillion in FY2019!
“USAPonziB”, my fifth book on this massive accounting fraud, explains how this fraud got started, the impact this fraud is having now on the global economy and the global financial system, and my predictions as to what will happen when this fraud is finally exposed (See The Implosion of USAPonzi)!
|Cash Deficit in FY2019
|GAAP Deficit in FY2019
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org April 15, 2019
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 ($123.5 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.
John W White