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

Why U.S. Government fraud is killing elephants!
June 25, 2017 Emailed to WSJ/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 U.S. Government fiscal and accounting fraud is killing elephants!


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 U.S. Government fraud is killing elephants!

June 25, 2017


The U.S. Government is creating money out of "thin air" with a fiscal and accounting fraud that I call USAPonzi! This fraud is causing massive but imaginary-counterfeit wealth to be more and more concentrated in the global upper class. So far, this fraud has produced $106.6 Trillion of imaginary-counterfeit money that the U.S. upper class has been given for no good reason other than the fact that the U.S. Government wants to enrich itself and its upper-class friends. By using fraudulent accounting, the U.S. Government has undertaxed the U.S. upper class by $106.6 Trillion giving them $106.6 Trillion of imaginary-counterfeit money!


When people have more and more money, $106.6 Trillion is a lot of money, being stuffed into their pockets by a corrupt U.S. Government, they are willing to spend it on frivolous things. Ivory has become one of those frivolous things so poachers are encouraged to kill elephants to collect these artificial trophies that are being purchased with imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans.


The "ivory bubble" is a modern day "tulip bubble" but the "ivory bubble" is on steroids because the U.S. Government is creating money out of "thin air", $106.6 Trillion of imaginary-counterfeit money so far, to finance the "ivory bubble".


Ivory will not be nearly as valuable when USAPonzi implodes since this imaginary-counterfeit money will evaporate into the "thin air" from whence it came when USAPonzi implodes! Elephants and other wild animals will not be nearly as vulnerable to "trophy hunters" when the trophy hunters do not have this great imaginary-counterfeit wealth to spend on trophy hunting! The upper class will not be very interested in buying ivory when they see $106.6+ Trillion of their apparent wealth evaporate.


This is the nature of a Ponzi scheme, the early participants can appear to make a lot of money but the late participants get left "holding the bag" like the guy being duped by the "snipe hunters"!


The U.S. Government fiscal and accounting fraud, that I call USAPonzi, is causing us to do some unusual things; it is even causing us to frivolously kill elephants and other wild animals!

 

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 
$131.9 Trillion 

Source: www.usdebtclock.org Jun 25, 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