USAPonzi-The Biggest Ponzi Scheme on the Planet-The U.S. Government

                    Copyright Declaration                                                                                                                                       John W. White    March 29, 2013

Whistleblower Letter #8 to the U.S. Congress
June 1, 2021


This letter was submitted to FedEx for delivery to the U.S. Congress on June 3, 2021.


I am sending this my 8th whistleblower letter to each member of the U.S. Congress to inform them that they are committing a fiscal and accounting fraud that is devastating Planet Earth!


I am sending this my 8th whistleblower letter to each member of the U.S. Congress to reset the financial information regarding the corruption within the U.S. Government due to the fiscal and accounting fraud that I call USAPonzi! On May 1, 2021, usdebtclock.org made a major correction/adjustment to their estimate of the U.S. Government's GAAP basis public liabilities which they report as  US Unfunded Liabilities (GAAP).


usdebtclock.org
is attempting to estimate and report the real financial condition of the U.S. Government when the U.S. Government refuses to assess and report its financial condition according to proper and Generally Accepted Accounting Principles (GAAP Accounting)! While the methodology that usdebtclock uses to make their estimates is not explicitly disclosed, I contend that it is the most complete, accurate, and proper assessment of the actual financial condition of the U.S. Government that I have been able to find!


On May 1, 2021, usdebtclock.org reduced its estimate of US Unfunded Liabilities (GAAP) from $162.9 Trillion to $147.7 Trillion.


The following table shows how this adjustment reduces the US Unfunded Future Liabilities as estimated by usdebtclock.

 

April 30, 2021  May 1, 2021 
US National Debt  $28.2 Trillion  $28.2 Trillion 
Cash Deficit in FY2021  $3.26 Trillion  $3.26 Trillion 
US Unfunded Future Liabilities  $134.7 Trillion  $119.5 Trillion 
US Unfunded Liabilities (GAAP)  $162.9 Trillion  $147.7 Trillion 
Imaginary-Counterfeit Money  $162.9 Trillion  $147.7 Trillion 
US Total National Assets  $161.7 Trillion  $161.7 Trillion 

Source: www.usdebtclock.org May 1, 2021


On June 23, 2021, I received confirmation from FedEx Office that they had direct mailed my 8th whistleblower letter to each member the U.S. Congress informing the U.S. Congress that as of June 1, 2021 they had fraudulently borrowed $148.2 Trillion of counterfeit money from the future Americans and given it to the U.S. upper class so all Americans, primarily the U.S. upper class, can buy stuff and charge it to the future Americans!


Essentially everything owned by the U.S. upper class has been fraudulently purchased with counterfeit money that the corrupt U.S. Government has fraudulently borrowed from the future Americans!


I will be curious to see if any member of the U.S. Congress will acknowledge receipt of this letter! I have only gotten one response from my seven prior whistleblower letters to each member of the U.S. Congress!


Letter  to Congress as submitted to FedEx Office
.


Mailing List submitted to FedEx Office
.


Confirmation of mailing on June 23, 2021
Stephanie Coffman (Fedex Office)
June 23, 2021, 2:58 PM CDT
Order #681622 is complete



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Client Name: John White
Phone: (214) 762-1678
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Whistleblower Letter #8 to the
U.S. Congress
June 1, 2021


To: Each member of the Congress of the United States of America


From: John W White
           2804 Fenwick Lane
           Plano, TX 75093


This is my eighth whistleblower letter to the U.S. Congress expressing the same complaint; the U.S. Government is committing a fiscal and accounting fraud that is devastating Planet Earth!


I am a whistleblower! The U.S. Government is corrupt!


The corrupt U.S. Government is “Cooking the Books”!


The U.S. Government is operating its fiscal policy with Cash Accounting rather than proper and Generally Accepted Accounting Principles (GAAP Accounting)! The U.S. Government is promising future benefits to the U.S. general public but is not accruing the money to pay these future benefits!


Because the U.S. Government is not operating its fiscal policy with proper GAAP Accounting, the U.S. Government is running a classic Ponzi scheme that I call USAPonzi.


This letter can be read from my website www.usaponzi.com to activate the hyperlinks.


http://www.usaponzi.com/whistleblower-letter--8-to-congress-210601.html


The financial information presented in this letter was sourced from www.usdebtclock.org on June 1, 2021.


You have fraudulently borrowed $148.2 Trillion from the future Americans (US Unfunded Liabilities (GAAP)) and given it to the U.S. upper class by undertaxing them!


Each and every member of the U.S. Congress knows, or surely should know, that it is impossible for the future Americans to come up with $148.2 Trillion to give to the U.S. upper class! And even if they could come up with the $148.2 Trillion, they did not pay it to the U.S. upper class over the last 52 years as the corrupt U.S. Government is pretending by using Cash Accounting!


You are a common criminal!


You are actually an uncommon criminal due to the size of your crime ($148.2 Trillion)!


Each and every member of the
U.S. Congress is a common criminal because the corrupt U.S. Government has fraudulently given the U.S. upper class $148.2 Trillion of counterfeit money while cheating the U.S. general public out of $119.8 Trillion (US Unfunded Future Liabilities) of future benefits!


Each and every senior member of the U.S. Government since 1969 should be indicted, convicted, and imprisoned for being a party to the biggest crime ever committed, the $148.2 Trillion crime that I call USAPonzi!


The corrupt U.S. Government is operating its fiscal policy with a fraudulent accounting system, Cash Accounting rather than proper GAAP Accounting, that is fraudulently and systematically enriching America, enriching the U.S. upper class, enriching the U.S. ruling class, cheating the U.S. general public, cheating the rest of the planet, causing Economic Inequality, causing Global Warming, causing the Coronavirus Pandemic, will cause a Hunger Pandemic, and will cause The Greatest Depression!


The corrupt U.S. Government is lying to and cheating the U.S. general public by promising them future benefits but is not accruing the money to pay for these future benefits!


The corrupt U.S. Government is promising future benefits, currently valued at $119.8 Trillion, to the U.S. general public 
that it knows good and well that it cannot possibly pay!


How can you sleep at night knowing that you have purposely lied to your constituents and cheated them out of $119.8 Trillion???


The corrupt U.S. Government is tricking the U.S. general public so that it can fraudulently enrich itself and the U.S. upper class!


Whistleblower Letter #3 to the U.S. general public.


By not operating the fiscal policy of the U.S. Government with proper and Generally Accepted Accounting Principles (GAAP Accounting), you have committed a $148.2 Trillion criminal act!


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, money the future Americans do not have, and giving it to the U.S. upper class!


The following notional chart gives a graphical projection of how the corrupt U.S. Government could fraudulently borrow as much as a Quadrillion dollars (a thousand Trillion dollars) of imaginary-counterfeit money from the future Americans over the next three decades and give it to the U.S. upper class so Americans can buy a whole lot of stuff with monopoly money and so the U.S. upper class can get really really filthy rich!



You have caused a massive S
ocial Injustice that is enriching the U.S. upper class by cheating the U.S. general public!


You have caused Global Warming that is destroying Planet Earth!


You have caused the Coronavirus Pandemic that is exposing the entire Planet Earth to a deadly virus!


You are causing a Hunger Pandemic that could starve much of Planet Earth!


You are causing The Greatest Depression that will devastate the economy of Planet Earth!


The following commentary explains in more detail how this fiscal and accounting fraud, that I call USAPonzi, has caused three global crises and will cause at least two more global crises!


Quintet of Global Crises 201001
.


The following are links to my 7th whistleblower letter to the U.S. Congress and my 15th whistleblower letter to the U.S. Securities and Exchange Commission in my attempt to expose this fiscal and accounting fraud!


Whistleblower Letter #7 to Congress 200324

Whistleblower Letter #15 to SEC 200728.


The corrupt U.S. Government must understand the importance of eliminating this corruption!


The survival of Planet Earth is at stake!


While this letter is being sent to each current member of the U.S. Congress, it applies to all senior members of the U.S. Government over the last 52 years since this corruption started in FY1969 when the U.S. Government adopted the Unified Budget!


This accounting fraud can only be equitably eliminated by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government!


The following table shows the financial status of the U.S. Government as estimated by www.usdebtclock.org on June 1, 2021.

 

US National Debt  $28.4 Trillion 
Cash Deficit in FY2021  $3.27 Trillion 
GAAP Deficit in FY2021  $13.03 Trillion 
US Unfunded Future Liabilities  $119.8 Trillion 
US Unfunded Liabilities (GAAP)  $148.2 Trillion 
Imaginary-Counterfeit Money  $148.2 Trillion 
US Total National Assets  $162.4 Trillion 

Source: www.usdebtclock.org June 1, 2021


You can learn more about this fraud/Ponzi scheme by reading my websites www.usaponzi.net and www.usaponzi.com or by reading my eighth book on USAPonzi “USAPonziE which is available on Amazon.


This is the biggest ($148.2 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Great American Fraud and “The Biggest Ponzi Scheme on the Planet”!


John W. White

Plano, TX