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

Van Taylor #11 Causing Economic Inequality 210615
June 15, 2021
Emailed to United Nations, Fed Chair Jay Powell, Minneapolis Fed President Neel Kashkari, Dallas Fed President Robert Kaplan, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, The U.S. SEC, NYT/WSJ/WP/CNBC/DMN on 6/17/21


The following letter was mailed to Congressman Van Taylor, Fed Chairman Jay Powell, FBI Director Christopher Wray, and Dallas Morning News Publisher Grant S. Moise on June 17, 2021 and hand delivered to Congressman Taylor's Plano office on June 17, 2021.


This is my 11th whistleblower letter to my Congressman Van Taylor that explains how the U.S. Government fiscal and accounting fraud, that I call USAPonzi, is causing Economic Inequality!


The U.S. Government is cheating the poor to enrich the rich!


The U.S. Government has fraudulently borrowed $149.4 Trillion from the future Americans and given it to the U.S. upper class!



Van Taylor-Causing Economic Inequality
June 15, 2021


TO: Congressman Van Taylor (R-TX-3)
       Representative for Texas 3rd Congressional District
       5600 Tennyson Pkwy, #275
       Plano, TX 75024


CC: Christopher Wray, Director
       Federal Bureau of Investigation
       935 Pennsylvania Avenue, NW
       Washington, D.C. 20535-0001


CC: Jay Powell, Chairman
       Federal Reserve Bank of the United States
       20th Street and Constitution Avenue N.W
       Washington, D.C. 20551


CC: Grant S. Moise, Publisher
       Dallas Morning News
       1954 Commerce St.
       Dallas, TX, 75201


Congressman Van Taylor, you are a common criminal!


Congressman Van Taylor, you are a common criminal because you are cheating the poor and enriching the rich!


Congressman Van Taylor, you are a common criminal because you are deceiving the U.S. general public by promising them future benefits but you are not operating with a fiscal policy that can deliver on that promise!


Congressman Van Taylor, you are a common criminal because the U.S. Government is not operating its fiscal policy according to proper and Generally Accepted Accounting Principles (GAAP Accounting)!


Congressman Van Taylor, you are saying that you are doing one thing but you are actually doing something else! This is deceit! This is fraud! This is a crime when the deceived party loses money and the deceiving party gains money!


Congressman Van Taylor, you are saying that you are paying future benefits to the U.S. general public when in fact you are giving infinite counterfeit wealth to the U.S. upper class!


I am a whistleblower! The U.S. Government is corrupt! The corrupt U.S. Government is promising future benefits to the U.S. general public but is not taxing the U.S. upper class to accrue the money to
pay for these future benefits!


Congressman Van Taylor, the corrupt U.S. Government has a very basic, straightforward, and fraudulent fiscal policyfraudulently borrow counterfeit money from the future Americans and give it to the U.S. upper class by undertaxing them!


The U.S. upper class is getting filthy rich because they have been undertaxed by $149.4 Trillion and the U.S. general public is getting cheated because their future benefits have been underfunded by $121.0 Trillion!


Congressman Van Taylor, you are a common criminal because you refuse to acknowledge and expose the fact that the corrupt U.S. Government is “cooking the books” to give the U.S. upper class $149.4 Trillion of counterfeit money!


Congressman Van Taylor, in this my 11th individual whistleblower letter to you, I want to focus on how the corrupt U.S. Government is committing a fiscal and accounting fraud that is causing Economic Inequality! The corrupt U.S. Government has been enriching the U.S. upper class and cheating the U.S. general public for the last 52 years!


Congressman Van Taylor,
 you and your fellow members of the U.S. Government have stolen $149.4 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class!


Congressman Van Taylor, you and your fellow members of the U.S. Government have lied to and cheated the U.S. general public by promising $121.0 Trillion (US Unfunded Future Liabilities) of future U.S. Government benefits that you have not funded!


How can you and your fellow members of the U.S. Government sleep at night when you have knowingly and willfully promised $121.0 Trillion of future benefits to your constituents that you have not funded and therefore have no capability or intention to pay???


Congressman Van Taylor, you are a principal party to a $149.4 Trillion crime! You and your fellow members of the U.S. Government have fraudulently given the U.S. upper class $149.4 Trillion of counterfeit money!


Congressman Van Taylor
, as I have communicated to you many times, you and your fellow members of the U.S. Government are committing a fiscal and accounting fraud by not using proper and Generally Accepted Accounting Principles (GAAP Accounting)! The corrupt U.S. Government is promising future benefits to the U.S. general public but is not accruing the money to pay for these benefits!


Congressman Van Taylor, this is my 11th whistleblower letter to you expressing the same complaint, the U.S. Government is committing a fiscal and accounting fraud that is enriching the U.S. upper class, cheating the U.S. general public, and devastating Planet Earth!


This letter can be read from my www.usaponzi.com website to activate the hyperlinks!
(http://www.usaponzi.com/van-taylor--11-causing-economic-inequality-210615.html)


Congressman Van Taylor
, I have sent this letter to FBI Director Christopher Wray to report this $149.4 Trillion crime to the Federal Bureau of Investigation!


Congressman Van Taylor, I have sent this letter to Fed Chairman Jay Powell to inform him that the corrupt U.S. Government has inverted the global financial and monetary system by fraudulently borrowing an infinite stream of money, I call it imaginary-counterfeit money, from the future Americans and giving it to the U.S. upper class!


The global financial and monetary system is now operating on this infinite stream of imaginary-counterfeit money that the corrupt U.S. Government is fraudulently borrowing from the future Americans!


We are now filling up Planet Earth with an infinite number of real environment-polluting physical objects that are being purchased with this infinite stream of imaginary-counterfeit money that the corrupt U.S. Government is fraudulently borrowing from the future Americans!


This is what is causing Global Warming!


Congressman Van Taylor, I have sent this letter to Dallas Morning News Publisher Grant S. Moise because the Dallas Morning News is aiding and abetting this $149.4 Trillion crime by failing to inform the U.S. general public of how they are being lied to and cheated by the corrupt U.S. Government! The corrupt U.S. Government is willfully and knowingly promising future benefits to the U.S. general public that it has no intention or capability to pay (
See Whistleblower Letter #3 to U.S. general public)!


You and your fellow members of the U.S. Government are common criminals by
not using accrual accounting (GAAP Accounting) to properly accrue for future benefits to the U.S. general public!


The corrupt U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is in the process of fraudulently borrowing an infinite amount of money, I call it imaginary-counterfeit money, from the future Americans and giving it to the U.S. upper class by undertaxing them!


The following notional chart shows how the corrupt U.S. Government has been fraudulently borrowing money from the future Americans since 1969. As of June 15, 2021 the corrupt U.S. Government has borrowed $149.4 Trillion from the future Americans and given it to the U.S. upper class! The rate at which the U.S. Government is fraudulently borrowing money from the future Americans is increasing exponentially and could reach a quadrillion dollars (a thousand trillion dollars) by 2045!



 

The U.S. upper class has “a bird’s nest on the ground”!
The U.S. upper class has “a bird’s nest on the ground” because the corrupt U.S. Government fraudulently borrows more imaginary-counterfeit money every day from the future Americans and gives it to the U.S. upper class with GAAP basis deficit spending!


The corrupt U.S. Government has a very basic, straightforward, and fraudulent fiscal policy, fraudulently borrow counterfeit money from the future Americans and give it to the U.S. upper class by undertaxing them!


How cool is that? How criminal is that?


The U.S. upper class gets happier every day because they get richer every day! $149.4 Trillion of imaginary-counterfeit money can make a lot of people very happy!


The U.S. general public gets madder every day because they see that the U.S. upper class is getting richer every day when they are struggling to put food on the table for their families!


When the government cheats the poor to enrich the rich, the poor will eventually revolt (See Chaos-Civil Unrest-Depression post USAPonzi 210508)!


The U.S. general public has been getting cheated for the last 52 years!


Planet Earth
is plunging headlong into what I call The Greatest Depression because of this accounting fraud that you are perpetrating!

 

US National Debt  $28.4 Trillion 
Cash Deficit in FY2021  $3.28 Trillion 
GAAP Deficit in FY2021  $14.02 Trillion 
US Unfunded Future Liabilities  $121.0 Trillion 
US Unfunded Liabilities (GAAP)  $149.4 Trillion 
Imaginary-Counterfeit Money  $149.4 Trillion 
US Total National Assets  $162.7 Trillion 

Source: www.usdebtclock.org June 15, 2021


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