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

Why "Radical Islamists" hate the Western World!
July 21, 2016


"In summary then, the real reason why Muslims hate the West can therefore be traced to two factors: the long-standing order to jihad contained within Islam, and the Jewish lobby’s control of US and Western foreign policy which incites Muslims across the world through its unconditional support of Zionist atrocities in Israel." The New Observer March 29, 2016


However, I contend that this hatred is currently focused even more intensely on the Western World and and specifically on the United States of America for the following reason:


"Radical Islamists" hate the Western World more intensely right now because the U.S. Government is corrupt!


The U.S. Government is committing fiscal and accounting fraud by using Cash Accounting rather than the proper GAAP Accounting which produces a Ponzi scheme.


Because of this Ponzi scheme the U.S. Government has given the U.S. citizens and businesses $102.9 Trillion of imaginary-counterfeit money by deferring $102.9 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future U.S. taxpayers.


The U.S. Government is pulling counterfeit money out of "thin air" and giving it to the U.S. citizens and businesses. Can I say this any more clearly? This is fraud! This is corruption! The U.S. Government has been committing this fraud for 47 years!


Because of this Ponzi scheme the U.S. Government creates $15.7 Billion more of this imaginary-counterfeit money every day (GAAP Deficit of $5.74T/365 = $15.7B).


These are 102.9 Trillion reasons why the "Radical Islamists" hate the United States of America. The entire planet should be upset with the United States of America.


This fraud dramatically elevates the standard of living for all Americans but the privileged classes in the United States are the primary beneficiaries of this U.S. Government corruption! Warren Buffett gets rich! Donald Trump gets rich! Bill and Hillary Clinton get rich! Bill Gates gets rich! Tiger Woods gets rich! Michael Jordan gets rich! The entire U.S. upper class gets rich!


This fraud has pumped $102.9 Trillion of imaginary-counterfeit money into the pockets of the U.S. upper class.

 

National Debt  $19.4 Trillion 
Cash Deficit in 2016  $0.52 Trillion 
GAAP Deficit in 2016  $5.74 Trillion 
Unfunded Future Liabilities  $83.5 Trillion 
US Unfunded Liabilities (GAAP)  $102.9 Trillion 
Imaginary-Counterfeit Money  $102.9 Trillion 
Total National Assets  $122.8 Trillion 

      Source: www.usdebtclock.org Jul 21, 2016


The "under developed world" and the "under privileged within America" both have a strong resentment to the opulent lifestyle of the privileged classes within the Western World and especially the privileged classes within the United States. The Islamic world tends to express this resentment verbally by contrasting their "focus on disciplined religious practice and strict adherence to Sharia law" with "capitalism, greed, instant gratification, and loose living" of the Western World and specifically the lifestyle within the United States. The "Radical Islamic world" tends to express this resentment physically by committing acts of terrorism.


This difference in lifestyle between the more radical elements of the Islamic World and that of the privileged classes in the United States has been dramatically magnified by the corruption within the U.S. Government. The U.S. Government is committing fiscal and accounting fraud that has produced a massive Ponzi scheme (USAPonzi). This Ponzi scheme has fraudulently transferred $102.9 Trillion of wealth to the privileged classes in the United States of America (See Cooking the Books!).


The U.S. Government has dramatically and fraudulently elevated the lifestyle of the U.S. privileged classes by deferring $102.9 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future U.S. taxpayers!


The U.S. Government has given the U.S. citizens and businesses $102.9 Trillion by undertaxing them. Just think about that for a minute; the U.S. Government has given the U.S. citizens and businesses $102.9 Trillion by committing fiscal and accounting fraud. Don't you think that $102.9 Trillion would improve the lifestyle within the United States? It certainly does but it also improves the lifestyle of much of the developed world because Americans buy things from other parts of the planet with this $102.9 Trillion that has been produced by U.S. Government corruption.


The instant communication world in which we live has now given the rest of the planet a clear view of what this $102.9 Trillion has allowed the citizens of the United States to buy, own, and consume. Our roads are filled with cars that this $102.9 Trillion has allowed us to buy. Our cities and countrysides are filled with houses, many of them opulent, that this $102.9 Trillion has allowed us to buy and build. We are filling the planet, and especially the United States, with all kinds of junk that this $102.9 Trillion of imaginary-counterfeit money has allowed us to buy and build (See Filling the Planet with Junk!).


The accounting trick that the U.S. Government uses to cause this fraud and corruption is using Cash Accounting vs. the proper GAAP Accounting. By deferring $102.9 Trillion to the future U.S. taxpayers, this Ponzi scheme has produced $102.9 Trillion which I refer to as imaginary-counterfeit money. The U.S. Government imagines that the future U.S. taxpayers will be able to pay this $102.9 Trillion so it is imaginary money but the future U.S. taxpayers cannot pay this $102.9 Trillion so this is counterfeit money. (See The Theory of Imaginary Money).


The U.S. Government has produced a dramatically accelerated consumption rate by allowing the current Americans to spend $102.9 Trillion of the future Americans' money. The current Americans are spending money that the future Americans simply can never pay. That is why I call it imaginary-counterfeit money.


The "Radical Islamists" resent the fact that the U.S. Government would commit a $102.9 Trillion fiscal and accounting fraud to elevate the lifestyle of Americans.


The "underprivileged classes in America" also resent the fact that the U.S. Government would resort to this level of corruption ($102.9 Trillion) to give the U.S. ruling class an opulent lifestyle and to give the U.S. upper class a super opulent lifestyle. The U.S. upper class is the primary beneficiary of this $102.9 Trillion fraud. Is it any wonder that we have such a pronounced wealth and income gap between the 1% club and the Common Man. A $102.9 Trillion gift to the U.S. upper class is a very, very nice gift even though it is imaginary-counterfeit money.


I have tried to encourage the U.S. Government to address this U.S. Government fraud by sending 12 Whistleblower letters to the SEC and a Whistleblower letter to each member of Congress and to each member of the Supreme Court (these letters are posted on my website www.usaponzi.com).


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.


This change will be very, very traumatic for the entire planet. This imaginary-counterfeit money, currently $102.9 Trillion, will evaporate into the "thin air" from whence it came when USAPonzi implodes (See The Implosion of USAPonzi).


In order to create a level economic playing field that is sustainable over time and equitable throughout the planet, the U.S. Government must eliminate this fraud and corruption. The U.S. Government must stop cheating the future Americans and the rest of the planet just so it can dramatically enhance the lifestyle of current Americans (See Getting Rich on Borrowed Money)!


USAPonzi
is explained in much more detail on my website www.usaponzi.com and in my book "USAPonzi" which is available on Amazon in Kindle and paperback format and on www.usaponzi.com in PDF format.


This is the biggest ($102.9 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and "The Biggest Ponzi Scheme on the Planet".