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

WV Teacher Strike Prompted by US Gov Fraud
February 28, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 2/28/18


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post”, and “The Dallas Morning News” that explains why West Virginia teachers went on a 4 day strike to get a 5% pay raise! The U.S. Government fiscal and accounting fraud, that I have named USAPonzi, is causing a wealth and income gap between the U.S. upper class and the U.S. Common Man. The U.S. upper class is getting richer and richer while the U.S. Common Man is getting poorer and poorer because of this U.S. Government fiscal and accounting fraud!


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”!


The “news media” is aiding and abetting the corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud!


WV Teacher Strike Prompted by US Gov Fraud
February 28, 2018


Note:
Financial data in this commentary was sourced from www.usdebtclock.org as of February 28, 2018 as shown in the table below!


West Virginia Teachers To End Strike After Reaching Deal With Governor
February 27, 2018   9:01 PM ET


In this commentary, I will explain how the U.S. Government fiscal and accounting fraud, that I call USAPonzi, has prompted the West Virginia teachers to strike for a pay raise!


In this commentary, I will explain how U.S. Government fiscal and accounting fraud is causing the U.S. upper class to get richer and richer while the U.S. Common Man has to make do with a relatively fixed wage rate. This U.S. Government fiscal and accounting fraud, I call it USAPonzi, is colossally enriching the U.S. upper class by fraudulently undertaxing them by $112.2 Trillion and is oppressing the U.S. Common Man!


This fraud is caused by the U.S. Government not using proper GAAP Accounting! By operating with simple Cash Accounting, the U.S. Government is not properly accruing for future benefit commitments to the U.S. general public that now total $91.4 Trillion (US Unfunded Future Liabilities). The U.S. Government is also overspending on a Cash basis which has created a National Debt of $20.8 Trillion.


This means that the U.S. upper class has picked up an easy $112.2 Trillion by not having to pay the taxes to cover the National Debt and the US Unfunded Future Liabilities ($112.2 Trillion = $20.8 Trillion + $91.4 Trillion). I call this windfall money imaginary-counterfeit money because the U.S. Government imagines that the future Americans can eventually pay this money but it is counterfeit because the future Americans can never pay it!


The U.S. Government digitally prints $16.4 Billion more imaginary-counterfeit money every day to keep on enriching the U.S. upper class with ongoing GAAP basis deficit spending (GAAP Deficit in FY2018 = $5.99T/365 days = $16.4B/day)!


The U.S. upper class is getting filthy richer and richer every single day without lifting a finger. This fraud has caused inflation of nominally 5% per year since FY1969 when the U.S. Government launched this Ponzi scheme (See Inflation-A Byproduct of USAPonzi)! The U.S. upper class is getting imaginary-counterfeit money stuffed into their pockets every day with GAAP basis deficit spending to make them richer and richer while the U.S. Common Man is getting screwed because the future benefit promises to the U.S. general public are not being properly funded plus they are expected to live on a relatively fixed wage while the USAPonzi accounting fraud is inflating the cost of living by nominally 5% per year.


This is why the West Virginia teachers are demanding a pay increase! They are desperate to try to keep up with the cost of living that is escalating because of this U.S. Government fiscal and accounting fraud! But increasing the wages of teachers in West Virginia is not attacking the root cause of this problem. The problem is the U.S. Government using a fraudulent accounting system. The U.S. Government should be using GAAP Accounting!


The precedent that this West Virginia teacher's strike has set will likely cause many other class action groups to demand pay increases!


We must fix the root cause of this problem before our wage scales get distorted out of control.


The U.S. Government is fraudulently increasing the wealth and income of the U.S. upper class with a Ponzi scheme that when it implodes will cause the U.S. upper class to lose all of this imaginary-counterfeit wealth and all of this imaginary-counterfeit income!


First things first, we must first eliminate the fiscal and accounting fraud in Washington, DC!


We must demand that the U.S. Government start using honest accounting (GAAP Accounting) so that the U.S. Common Man can effectively compete with the U.S. upper class!


USAPonzi is enriching the U.S. upper class and screwing the U.S. Common Man.


The U.S. Government must adopt GAAP Accounting and balance the GAAP basis budget to create a level economic playing field for all Americans!


The corrupt and criminal U.S. Government is committing fiscal and accounting fraud to give the appearance of  “Wealth and Prosperity in America”! The U.S. upper class is the primary beneficiary of this appearance of wealth and prosperity! This is why we have a wealth and income gap! $112.2 Trillion of imaginary-counterfeit money can create quite a gap!


The “news media” is aiding and abetting this criminal act by the U.S. Government by refusing to expose this fiscal and accounting fraud!

 

National Debt  $20.8 Trillion 
Cash Deficit in FY2018  $0.72 Trillion 
GAAP Deficit in FY2018  $5.99 Trillion 
US Unfunded Future Liabilities  $91.4 Trillion 
US Unfunded Liabilities (GAAP)  $112.2 Trillion 
Imaginary-Counterfeit Money  $112.2 Trillion 
Total National Assets  $135.6 Trillion 

Source: www.usdebtclock.org Feb 28, 2018


To eliminate this fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.


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), “USAPonzi2” (May 1, 2017), and “USAPonzi3” (Feb 1, 2018) which are available on Amazon to better explain this fraud/Ponzi scheme.


This is the biggest ($112.2 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.


John W. White
Plano, TX