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

Whistleblower Letter #6 to the U.S. Supreme Court!
July 17, 2017    Emailed to WSJ/NYT/DMN on 7/18/17


The following letter was sent to each member of the U.S. Supreme Court by certified mail on July 18, 2017.


This letter was also sent by email to "The Wall Street Journal", "The New York Times", "The Dallas Morning News", the Securities and Exchange Commission, and several prominent members of the "news media" on July 18, 2017.


July 17, 2017


                                                   Whistleblower Letter #6 to
    
The Supreme Court of the United States of America


To: Chief Justice John G. Roberts, Jr.

      Associate Justice Anthony M. Kennedy
      Associate Justice Clarence Thomas
      Associate Justice Samuel Anthony Alito, Jr.
      Associate Justice Sonia Sotomayor
      Associate Justice Elena Kagan
      Associate Justice Ruth Bader Ginsburg
      Associate Justice Stephen G. Breyer
      Associate Justice Neil M. Gorsuch


     Supreme Court of the United States of America
    1 First St NE
     Washington, DC 20543


The U.S. Government is "Cooking the Books"!


This is my 6th Whistleblower Letter to the U.S. Supreme Court expressing the same complaint; the U.S. Government is operating with a corrupt and fraudulent fiscal policy and accounting system. By using this fraudulent accounting system, the U.S. Government has fraudulently borrowed $106.8 Trillion from the future Americans and given it to the U.S. upper class.


Let me say that one more time, the U.S. Government has fraudulently borrowed $106.8 Trillion from the future Americans and given it to the U.S. upper class.


This borrowing is reported by www.usdebtclock.org as US Unfunded Liabilities (GAAP) as shown in the table below. This is fraud because the future Americans do not have $106.8 Trillion. I call this fraudulently borrowed money; imaginary-counterfeit money.


The U.S. Government is corrupt! The senior officials of the U.S. Government are criminals because they are financial beneficiaries of this accounting fraud that they themselves are perpetrating!


The U.S. Government is "Cooking the Books"!


The U.S. Government is fraudulently creating massive and exponentially increasing imaginary-counterfeit wealth for the U.S. upper class out of "thin air" by borrowing money from the future Americans, that the future Americans do not have, and giving it to the U.S. upper class.


The U.S. Government is not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting). As a result, the U.S. Government is promising Government benefits to various classes of U.S. citizens but is not properly funding these benefit promises. As of July 17, 2017, the U.S. Government has incurred public liabilities (US Unfunded Liabilities (GAAP)) of $106.8 Trillion. The U.S. Government has borrowed $106.8 Trillion from the future Americans and given it to the current Americans by undertaxing them. I call this fraudulently borrowed money (imaginary-counterfeit money) since the future Americans do not have this money and therefore it has no value.


The U.S. Government is reporting its financial condition with Cash Accounting in an attempt to conceal the fact that it has created $106.8 Trillion of imaginary-counterfeit money out of "thin air".


The U.S. upper class is getting filthy rich with imaginary-counterfeit money that the U.S. Government has created with deficit spending of $106.8 Trillion (US Unfunded Liabilities (GAAP)). The U.S. upper class is getting filthy rich because they have been undertaxed by $106.8 Trillion. It pays to have criminal friends in Washington, DC.


The U.S. Government is "Cooking the Books"!


The U.S. ruling class is getting overpaid because the U.S. Government is borrowing money ($20.0 Trillion our National Debt) from the now "fraudulently enriched upper class" to pay themselves more than the U.S. taxpayers have paid in taxes.


The U.S. Common Man is being cheated because the U.S. Government has underfunded the government benefit promises by $86.8 Trillion (US Unfunded Future Liabilities).


The rest of the planet is being cheated because the current Americans are buying goods and services with this $106.8 Trillion of imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans (US Unfunded Liabilities (GAAP)).


The U.S. Government is causing "Class Inequality" by operating a $106.8 Trillion Ponzi scheme!


The U.S. Government is causing the "Wealth and Income Gap" by operating a $106.8 Trillion Ponzi scheme!


This fraud is why the U.S. Congress cannot agree on an annual budget or healthcare plan! The U.S. Government is making outrageous benefit promises to the general public to get elected so they can enrich themselves with this fraudulent accounting. Until the U.S. Government starts telling the financial truth, all of their debate on financial planning is pointless gibberish!


The U.S. Government is corrupt! The U.S. Government is committing fiscal and accounting fraud to dramatically enrich the U.S. ruling class, to colossally enrich the U.S. upper class, to colossally cheat the U.S. Common Man, and to colossally cheat the rest of the Planet. The senior officials of the U.S. Government are common criminals that are using a fraudulent accounting system to skew massive faux wealth to themselves and to their upper-class friends. The U.S. Common Man and the rest of the planet are getting ripped off by this fraud that has given the U.S. upper class $106.8 Trillion of what I call imaginary-counterfeit money over the last 48 years.


The U.S. Government does this simply by operating with a fraudulent accounting system; using Cash Accounting rather than the proper GAAP Accounting which has produced a massive Ponzi scheme that I call USAPonzi.


The U.S. Government is "Cooking the Books"!


When the U.S. Common Man realizes just how corrupt the U.S. Government really is, we will have rioting in the streets. The general population does not trust the U.S. Government and for good reason, the U.S. Government is enriching itself and is colossally enriching the U.S. upper class while colossally cheating the U.S. Common Man and the rest of the Planet by operating with a dramatically unbalanced budget and attempting to conceal this fraud by using fraudulent accounting.


The U.S. Government has borrowed $106.8 Trillion of imaginary-counterfeit money from the future Americans and given it to the current Americans. This borrowed money is reported on www.usdebtclock.org as US Unfunded Liabilities (GAAP). This is the signature attribute of a Ponzi scheme; pay the early participants in the scheme with money from the late participants. The U.S. Government is borrowing $15.18 Billion more imaginary-counterfeit money every day from the future Americans with ongoing GAAP basis deficit spending (GAAP Deficit in FY2017 of $5.54T/365 = $15.18B).


The following tables shows the financial status of the U.S. Government, as of July 17, 2017, as estimated by www.usdebtclock.org including a comparison of how Cash Accounting and GAAP Accounting assess and report this financial status.

 

National Debt 
$20.0 Trillion 
Cash Deficit in FY2017 
$0.67 Trillion 
GAAP Deficit in FY2017 
$5.54 Trillion 
US Unfunded Future Liabilities 
$86.8 Trillion 
US Unfunded Liabilities (GAAP) 
 $106.8 Trillion 
imaginary-counterfeit money 
$106.8 Trillion 
Total National Assets  $132.4 Trillion 

Source: www.usdebtclock.org July 17, 2017

 

Cash Accounting GAAP Accounting
Deficit in FY2017 
$0.67 Trillion $5.54 Trillion
Public Liabilities 

$20.0 Trillion

$106.8 Trillion
National Debt US Unfunded Liabilities (GAAP)


This is colossal injustice! This is fraud! The U.S. Government is corrupt! The senior U.S. Government officials are criminals!


USAPonzi is a $106.8 Trillion criminal fraud that is being perpetrated by the Government of the United States of America.


The U.S. Government has committed a $106.8 Trillion crime. The senior officials in the U.S. Government are criminals and as I said in my first of twelve whistleblower letters to the U.S. Securities and Exchange Commission dated January 8, 2014:


"I contend that every Member of Congress and every senior member of the Administration should be indicted on fraud and corruption charges if they vote for or support any financial budget that is based on our current Cash Accounting methodology."


Until the U.S. Government starts using an honest accounting system, this massive fraud and its associated distortions will continue to favor Americans, colossally cheat the U.S. Common Man, significantly enrich the U.S. ruling class, colossally enrich the U.S. upper class, and colossally cheat the rest of the planet.


This is a criminal fraud of epic proportions with global implications. The senior officials in the U.S. Government are approving the fiscal policy and budgeting process that authorizes this fraud and they are direct financial beneficiaries of this fraud making this a criminal fraud and the senior officials of the U.S. Government criminals.


The U.S. Government is knowingly and willingly making financial commitments that it cannot possibly keep.


It is imperative that all national governments be required to use Accrual (GAAP or equivalent) Accounting so that financial transactions conducted between countries can be trusted and so that financial commitments made to the citizenry by central governments can be trusted.
Because of this fraud, the United States of America is not a trusted party in the global economy.


This Ponzi scheme fiscal policy has also dramatically and artificially stimulated the U.S. and global economy with this GAAP basis deficit spending. The U.S. Government has created $106.8 Trillion of imaginary-counterfeit money out of "thin air" to provide massive purchasing power for the current Americans. The implosion of USAPonzi will cause a dramatic discontinuity in the global economy that will lead to a global depression that could be even more severe than "The Great Depression". This imaginary-counterfeit money, currently $106.8 Trillion, will evaporate when USAPonzi implodes causing most banks to fail because most of the money in our banks is imaginary-counterfeit money that has been fraudulently borrowed from the future Americans.


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 websites www.usaponzi.net and www.usaponzi.com or my books "USAPonzi" and "USAPonzi2" which are available on Amazon and also on my  www.usaponzi.net website in Kindle and PDF formats.


It appears that it will take action by the U.S. Supreme Court to restore justice for the U.S. Common Man and the rest of the Planet. The U.S. Supreme Court will also have the task of presiding over "The Bankruptcy of the United States of America" that will be caused by this U.S. Government fiscal and accounting fraud.


This is the biggest ($106.8 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and "The Biggest Ponzi Scheme on the Planet"!


The U.S. Government is "Cooking the Books"!


John W. White
Plano, TX
jwwhite38@outlook.com