Whistleblower Email #1 to Dallas Fed Pres Kaplan
June 6, 2019
Emailed to Dallas Fed President Robert Kaplan, WSJ/NYT/WP/DMN, the U.S. SEC, Fed Chairman Jay Powell, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, and Dallas Mayor Mike Rawlings 6/6/19
Robert Steven Kaplan is president and CEO of the Federal Reserve Bank of Dallas. He was appointed to the position on September 8, 2015. Prior to joining the Dallas Fed, Kaplan was a Senior Associate Dean and the Martin Marshall Professor of Management Practice at Harvard Business School.
I sent this email to President Kaplan on June 6, 2019 to inform him of the massive ($124.3 Trillion) accounting fraud that is being perpetrated by the U.S. Government!
The U.S. and Global Economies are both being fraudulently stimulated by a U.S. Government fiscal and accounting fraud!
President Robert S. Kaplan
Federal Reserve Bank of Dallas
My name is John W White, and I am a retired information technology executive! I have been studying and writing about a U.S. Government accounting fraud for the last six years! The U.S. Government is not operating its fiscal policy with proper accrual accounting!
I am writing to explain why the U.S. economy is continuing to show strength even when several trade, immigration, economic, and geo-political concerns appear to be negatively impacting the global economy!
The U.S. Government is printing counterfeit money to stimulate both the U.S. economy and the global economy!
By printing this counterfeit money, the U.S. Government is also causing Global Warming that is Destroying Planet Earth!
The U.S. economy appears to be strong and getting stronger because the U.S. Government is committing a fiscal and accounting fraud that is printing counterfeit money so Americans can buy stuff without paying for it! This accounting fraud has so far printed $124.3 Trillion of counterfeit money!
The U.S. Government is operating its fiscal policy with Cash Accounting rather than proper GAAP Accounting! As a result, the U.S. Government is not properly accruing the money to pay future U.S. Government benefits.
Because of this accounting fraud the U.S. Government is fraudulently borrowing money from the future Americans and giving it to the U.S. upper class! This has been happening for the last 49 years since LBJ proposed and the 90th Congress approved the Unified Budget.
In FY1969, when the Unified Budget went into effect, the U.S. Government stopped taxing the U.S. upper class to pay for these future benefits! The U.S. Government has deferred $124.3 Trillion of public liabilities to the future Americans and undertaxed the U.S. upper class by $124.3 Trillion which has produced $124.3 Trillion of counterfeit money!
That is why the U.S. upper class is getting rich and why the rest of the Americans are getting cheated. That is why we have a wealth and income gap! The U.S. Government has fraudulently given the U.S. upper class $124.3 Trillion!
That is why Jeff Bezos is now worth $160 Billion! The U.S. Government has printed $124.3 Trillion of counterfeit money so Americans can buy a lot of stuff from Amazon without having to pay for it!
This accounting fraud has created millions of counterfeit millionaires and hundreds of counterfeit billionaires!
This accounting fraud has the effect of printing counterfeit money at the rate of the U.S. Government GAAP basis deficit spending which is currently $6.12 Trillion in FY2019 or $16.8 Billion every day!
That is why the U.S. economy appears to be strong in spite of the other issues that we face globally! The U.S. Government has printed $124.3 Trillion of counterfeit money to stimulate the U.S. and global economies!
The U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is printing counterfeit money so Americans can buy things without paying for them!
This Ponzi scheme is the cause of Global Warming; the U.S. Government is in the process of printing an infinite amount of counterfeit money so the planet can build, buy, rent, and operate an infinite number of environment-polluting physical objects!
USAPonzi is in the process of building an infinite number of cars, trucks, boats, airplanes, houses, factories, oil wells, skyscrapers, airports, cities, etc. etc.!
USAPonzi is causing Global Warming that is Destroying Planet Earth!
The following chart shows how global temperatures started to rise in 1969 when USAPonzi was launched!
My April 3, 2019 commentary to the Federal Reserve and the U.S. Global Change Research Program provides a more detailed explanation of how this accounting fraud is causing Global Warming!
Climate Change and the Federal Reserve II
I have written two websites (USAPonzi.com and USAPonzi.net) and five books (the latest is USAPonziB which is available on Amazon) that explain this fraud and the impact it is having on Planet Earth!
I have written an Open Letter to Planet Earth in an effort to provide a short and concise explanation of this U.S. Government fiscal and accounting fraud that I call USAPonzi.
John W. White