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

Why Stock and Real Estate prices go up!
June 23, 2017 Emailed to W
SJ/NYT/DMN on 6/25/17


The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains why the Stock Market and Real Estate prices continue to go up. The U.S. Government is fraudulently borrowing money, $106.6 Trillion so far, from the future Americans and giving it to the U.S. upper class!


The "news media" has an ethical responsibility to inform the general public of how the U.S. Government is committing fiscal and accounting fraud to cheat the general public and the rest of the planet so they can "feather their own nests" and "dramatically feather the nests of their upper-class friends".


Why Stock and Real Estate prices go up!

June 23, 2017


The stock market and real estate prices go up for one reason and one reason only; the U.S. Government is committing fiscal and accounting fraud that is creating money out of "thin air" by borrowing it from the future Americans and giving it to the U.S. upper class! So far, the U.S. Government has created $106.6 Trillion of money out of "thin air" by deferring $106.6 Trillion of public liabilities to the future Americans and undertaxing the current Americans by $106.6 Trillion. The stock market will go to infinity because of this fraud! Real estate prices will go to infinity because of this fraud! This fraud, if it is allowed to continue, will give Americans an infinite amount of money.


This is why illegal immigrants are willing to risk life, limb, and deportation to get into the United States of America! The U.S. Government is printing money, $106.6 Trillion so far, and they want some of it! We don't need a wall to keep people out of the country, we just need honesty in the U.S. Government. Honest accounting by the U.S. Government will instantly make economic conditions nominally the same on both sides of the U.S. border.


The U.S. Government is creating great wealth for the U.S. upper class simply by borrowing money from the future Americans and giving it to the U.S. upper class! The U.S. Government has, as of June 23, 2017, borrowed $106.6 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class. This is because the U.S. Government is operating with Cash Accounting and therefore is not accruing for the future benefit promises that the U.S. Government has made to the general public. The U.S. upper class is appearing to get filthy rich because they are being dramatically undertaxed! The U.S. upper class is appearing to get filthy rich because the U.S. Government is cheating the U.S. Common Man by not properly accruing for the future benefit promises to the general public.


$106.6 Trillion of "found money" causes the price of houses to go up! $106.6 Trillion of "found money" allows the current Americans to buy products/services from companies and buy stock in these companies with this "found money"! The U.S. Government is pumping "new money" (imaginary-counterfeit money) into the global economy and the global financial system with GAAP basis deficit spending to stimulate the U.S. and global economy! The U.S. Government is giving the current Americans, primarily the U.S. upper class, money to fraudulently buy houses and products/services from companies with money that has been fraudulently borrowed from the future Americans.


The U.S. Government is operating with a corrupt and fraudulent fiscal policy and accounting system that is enriching the U.S. upper class and cheating the U.S. Common Man! The U.S. Government must eliminate this fraud by adopting the proper accounting system (GAAP Accounting: Generally Accepted Accounting Principles) and committing to a balanced GAAP basis budget!


The U.S. Government has fraudulently given the U.S. upper class $106.6 Trillion!


The U.S. Government has created this $106.6 Trillion out of "thin air" by borrowing it from the future Americans!


This is fraud because the future Americans do not have $106.6 Trillion!


Because of this fraud, the current Americans can use this unending and ever-increasing supply of imaginary-counterfeit money to buy stuff they cannot afford with money the future Americans do not have and will never have. I estimate that we have bought at least 5 times as much stuff as we can afford because of this U.S. Government fiscal and accounting fraud! That is why the stock market goes up. That is why real estate prices go up. We are buying stuff we cannot afford with money we do not have and the U.S. Government "prints" more of this imaginary-counterfeit money every single day. GAAP basis deficit spending "prints" imaginary-counterfeit money!


This is why we have so many cars on our roads; we are buying them with imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from future Americans!


This is why the U.S. upper class folks have big cars, big houses, and big bank accounts; the U.S. Government is borrowing fake money from the future Americans and giving it to the U.S. upper class! It pays to have criminal friends in Washington, DC!


This is why the U.S. upper class can pay outrageous prices for housing while the U.S. Common Man cannot afford a decent place to live in many densely populated areas. The U.S. Government is printing imaginary-counterfeit money, $106.6 Trillion so far, and giving it to the U.S. upper class by undertaxing them. $106.6 Trillion can create a tremendous wealth and income gap!


The U.S. Government has fraudulently given the U.S. upper class $106.6 Trillion of imaginary-counterfeit money! The U.S. Government is fraudulently borrowing imaginary-counterfeit money from the future Americans and giving it to the U.S. upper class!


This is why almost every American has access to a smartphone, a color TV, and a car! The U.S. Government is creating an unending and ever-increasing pool of imaginary-counterfeit money by fraudulently borrowing it from the future Americans so the current Americans can buy things they cannot afford! (See US Unfunded Liabilities (GAAP) as shown in the table below).


This is why Americans appear to have a much superior lifestyle to that of most of the rest of the planet! The U.S. Government is "printing" imaginary-counterfeit money with GAAP basis deficit spending.


If you could set up a printing press in your basement to print $100 bills, wouldn't that improve your lifestyle! The U.S. Government is doing exactly this on steroids by using fraudulent accounting! The U.S. Government does not bother with printing $100 bills, it digitally prints $15,200,000,000 ($15.20 Billion) every day with GAAP basis deficit spending (GAAP deficit in FY2017 = $5.55T/365 = $15.20B).


For the last 48 years, the U.S. Government has been operating with Cash Accounting and an unbalanced Cash basis budget. This fiscal policy has undertaxed the U.S. upper class by $106.6 Trillion making the U.S. upper class super rich, has overpaid the U.S. ruling class by $20.0 Trillion making many in the U.S. ruling class rich, and has underfunded the U.S. Government benefit promises to the U.S. Common Man by $86.6 Trillion putting the retired, the old, the disabled, and the underprivileged at great financial peril!


The U.S. Government is committing fiscal and accounting fraud to enrich themselves, to colossally enrich the U.S. upper class, and to cheat the U.S. Common Man!


By operating with Cash Accounting, the U.S. Government has deferred $106.6 Trillion of public liabilities to the future Americans. The U.S. Government has borrowed $106.6 Trillion from the future Americans and given it to the current Americans. This is fraud because the future Americans do not have $106.6 Trillion. This is a classic Ponzi scheme because the U.S. Government is paying the current participants in the scheme with the future participants' money.


I call this Ponzi scheme; USAPonzi!


I call this fraudulently borrowed money; imaginary-counterfeit money! It is imaginary because it does not exist except in the criminal mind of the U.S. Government! It is counterfeit because the future Americans cannot pay it!


Not only is the U.S. Government cheating the U.S. Common Man, the U.S. Government is also cheating the rest of the planet! The U.S. Government has borrowed $106.6 Trillion of imaginary-counterfeit money from the future Americans so that the current Americans can buy stuff from the rest of the planet with this fraudulently borrowed imaginary-counterfeit money!


The U.S Government is corrupt! The senior officials in the U.S. Government are criminals because they are financial beneficiaries of this massive ($106.6 Trillion) fraud!


Telling the truth, with honest accounting, is a lot easier to explain than 48 years of lying because of this fiscal and accounting fraud. The U.S. Government started "Cooking the Books" in FY1969 when Lyndon Baines Johnson convinced the U.S. Congress that he could balance the budget with his proposal for a "Unified Budget" by borrowing and spending the money in the social benefit trust funds! This action is what launched the Ponzi scheme fiscal policy that I now call USAPonzi.



National Debt    $20.0 Trillion 
Cash Deficit in FY2017  $0.57 Trillion 
GAAP Deficit in FY2017 
$5.55 Trillion 
US Unfunded Future Liabilities  $86.6 Trillion 
US Unfunded Liabilities (GAAP)  $106.6 Trillion 
Imaginary-Counterfeit Money 
$106.6 Trillion 
Total National Assets 
$131.8 Trillion 

Source: www.usdebtclock.org Jun 23, 2017


This U.S. Government 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.


I have published a website www.usaponzi.net that explains how this fraud works to create a massive global wealth and income gap between the haves and the have-nots and to create false wealth and prosperity for the current Americans. The www.usaponzi.net website is an introduction to my more detailed website www.usaponzi.com and my books "USAPonzi" (Nov 22, 2015) and "USAPonzi2" (May 1, 2017) which are available on Amazon to better explain this fraud/Ponzi scheme.


This is the biggest ($106.6 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and it is "The Biggest Ponzi Scheme on the Planet"!


John W. White

Plano, TX