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

We don't need a Wall! We need the Truth!
September 5, 2016


Trump's plan to build a 2000-mile-long, 20-feet-high wall between Mexico and the United States is an absolutely absurd idea! We don't need to build a wall; what we need is for the U.S. Government to start telling the Financial Truth! The U.S. Government has corruptly created a Ponzi economy in the United States, in fact throughout the planet, by using fraudulent accounting that causes the United States to appear to be much more productive, prosperous, and wealthy than the rest of the planet. People are highly motivated to illegally cross our southern border to gain access to this artificial prosperity.


Just as a side comment; most of Donald Trump's wealth has been fraudulently acquired because of this U.S. Government Ponzi scheme since the U.S. upper class has been dramatically undertaxed!


The U.S. Government is fraudulently borrowing $15.6 Billion every day (GAAP Deficit in FY2016 of $5.71T/365 = $15.6B) from the future Americans so that the current Americans can live like kings compared to the rest of the planet. So far the U.S. Government has fraudulently borrowed $103.4 Trillion of imaginary-counterfeit money from the future Americans to entice the people in Mexico, Central America, and South America to come to the United States so that they can get some of this imaginary-counterfeit money and send it back to their families. This money is imaginary because the U.S. Government imagines/pretends that the future U.S. taxpayers will someday be able to pay these deferred taxes (US Unfunded Liabilities (GAAP)) but it is counterfeit because the future Americans cannot pay these deferred taxes since they do not have $103.4 Trillion.


This is fraud. This is a Ponzi scheme that I have named USAPonzi.


The U.S. Government has fraudulently borrowed $103.4 Trillion of imaginary-counterfeit money from the future Americans and given it to the current Americans with most of it going to the U.S. upper class. This is a $103.4 Trillion criminal fraud and the senior officials in the U.S. Government are criminals because they have approved this fraud and they are direct beneficiaries of this fraud! (See Whistleblower Letter #2 to the U.S. Supreme Court).

 

National Debt  $19.5 Trillion 
Cash Deficit in FY2016  $0.58 Trillion 
GAAP Deficit in FY2016  $5.71 Trillion 
Unfunded Future Liabilities  $83.9 Trillion 
US Unfunded Liabilities (GAAP)  $103.4 Trillion 
Imaginary-Counterfeit Money  $103.4 Trillion 

        Source: www.usdebtclock.org Sep 5, 2016


This fraud has created $103.4 Trillion of imaginary-counterfeit money so that Americans can appear to pay outrageous prices for drugs so that the drug cartels are willing to use ruthless and cutthroat tactics to get some big chunks of this imaginary-counterfeit money.


When the U.S. Government starts telling the financial truth, economic conditions will instantly be nominally the same on both sides of the border and the illegal immigration and drug trafficking problems will essentially go away.


This will not be a happy situation for American citizens since our standard of living will be markedly reduced when the U.S. Government starts telling the truth. However, the wealth and income gap within the United States will be dramatically reduced since the U.S. upper class is the primary beneficiary of this $103.4 Trillion fraud. This U.S. Government fiscal and accounting fraud favors Americans over the rest of the planet but dramatically favors the U.S. ruling class and colossally favors the U.S. upper class. The U.S. upper class will lose $103.4 Trillion of imaginary wealth when USAPonzi implodes and this $103.4 Trillion of imaginary-counterfeit money evaporates.


The U.S. Government is currently taking $15.6 Billion of imaginary-counterfeit money out of the pockets of the future Americans every day and stuffing it into the pockets of the U.S. upper class. The U.S. Government, by using Cash Accounting, is reporting a Cash Deficit in FY2016 of $0.58 Trillion when our "real" deficit is a GAAP Deficit in FY2016 of $5.71 Trillion!


This is absolutely absurd! This is a criminal activity! This is a $103.4 Trillion Fraud!


When the U.S. Government starts telling the truth by balancing the U.S. budget on a GAAP basis, this will create the need for many, many more but lower paying jobs in the United States because a lot of people in the United States will have to start working for a living rather than relying on the unaffordable and unfunded U.S. Government benefits that the U.S. Government is currently promising and paying. This Ponzi scheme has forced many jobs to leave the United States because American workers will not accept work today at the "global going rate" when the current U.S. Government benefits are fraudulently more valuable.


Americans have been living in a fantasy world for the last 47 years because of this U.S. Government fraud!


The U.S. Government must start telling the financial truth by using honest accounting.


We don't need a wall! We need the truth!


This problem can only be equitably resolved by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government.


In order to create a level economic playing field throughout the planet, the U.S. Government must eliminate this fraud and corruption.


You can learn more about this fraud/Ponzi scheme by reading my website www.usaponzi.com or better yet by reading my book "USAPonzi" which is available on Amazon and also on my website in PDF format.


This is the biggest ($103.4 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and "The Biggest Ponzi Scheme on the Planet"!