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

WW III will be a Doozy if U.S. Fraud Continues 191123
November 23, 2019

Emailed to Fed Chair Jay Powell, Minneapolis Fed President Neel Kashkari, Dallas Fed President Robert Kaplan, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, The U.S. SEC, NYT/WSJ/WP/DMN, and Dallas Mayor Eric Johnson on 11/23/19.



World War III will be a DOOZY if the current U.S. Government fiscal and accounting fraud is allowed to continue!


Doozy
something that is extremely unusual or special


I contend that the U.S. Government, by using fraudulently accounting, is causing and/or promoting drug and alcohol addiction, gun violence, domestic terrorism, global terrorism, and global warring!


The U.S. Government is corrupt! The U.S. Government is committing a fiscal and accounting fraud by operating its fiscal policy with Cash Accounting rather than proper GAAP Accounting (Generally Accepted Accounting Principles)! This accounting fraud started in FY1969 when Lyndon Baines Johnson proposed and the 90th U.S. Congress approved the Unified Budget!


For the last 50 years, the U.S. Government has been fraudulently borrowing money from the future Americans and giving it to the U.S. upper class with GAAP basis deficit spending! So far, the U.S. Government has fraudulently borrowed $126.9 Trillion (US Unfunded Liabilities (GAAP)) of counterfeit money from the future Americans and given it to the U.S. upper class by undertaxing them! Every day the U.S. Government borrows another $16.8 Billion of counterfeit money from the future Americans and gives it to the U.S. upper class (GAAP Deficit in FY2020 = $6.13T/365 days = $16.8B/day)!


The U.S. Government is in the process of printing an infinite amount of counterfeit money and giving it to the U.S. upper class by undertaxing them!


The U.S. Government is operating a classic Ponzi scheme, I call it USAPonzi, that is borrowing 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
GAAP basis deficit spending by the U.S. Government prints imaginary-counterfeit money and gives it to the U.S. upper class by undertaxing them!


This accounting fraud has profound but fraudulent benefits for Americans! The U.S. upper class is getting filthy rich by being undertaxed! The U.S. ruling class is getting dramatically overpaid! A large portion of the U.S. general public does not have to work for a living since they can survive on the U.S. Government benefits that this Ponzi scheme fraudulently supports by printing imaginary-counterfeit money!


This accounting fraud produces idleness for a huge percentage of the U.S. population and plenty of money ($126.9 Trillion) for Americans to buy things without having to pay for any of them!


With lots of free time and free money, many Americans have turned to drugs and alcohol to pass the time that a productive job would normally occupy!


With lots of free time and free money, many Americans have turned to cell phones, computers, video games, music, videos, and other entertainment to pass the time that a productive job would normally occupy!


I contend that this accounting fraud has had a profound effect on the social and economic norms in the United States of America! It has bifurcated the U.S. population into the haves and the have-nots because the U.S. upper class is fraudulently getting filthy rich ($126.9 Trillion) and it has dramatically reduced social interaction throughout America and the entire Planet Earth as people are increasingly engaged in solitary activities!


I contend that this accounting fraud has had a profound effect on gun violence! The U.S. Government is printing an infinite amount of imaginary-counterfeit money which allows many people to be able to buy guns and bombs that they could not otherwise afford and to take out their frustrations on others by collecting and using a personal arsenal of guns and bombs! $126.9 Trillion of imaginary-counterfeit money can buy a lot of guns and bombs!


I contend that this accounting fraud has had and will have a profound effect on civil unrest and domestic terrorism! Many people are upset with the economic disparity that fraud has created! Upper-class Americans have a dramatically elevated lifestyle ($126.9 Trillion) relative to the rest of America because of this fraud and many people in America resent this economic disparity! Further, this accounting fraud has produced enough imaginary-counterfeit money to buy guns and bombs that they can use to express their frustration with this economic disparity! $126.9 Trillion of imaginary-counterfeit money can buy a lot of guns and bombs!


I contend that this accounting fraud has a profound effect on global terrorism! Many people are upset with the economic disparity that this fraud has created! Americans have a dramatically elevated lifestyle relative to the rest of the planet because of this fraud and many people in other parts of the planet resent this economic disparity! Further, this accounting fraud has fraudulently produced great wealth in the oil and gas producing countries so they have plenty of imaginary-counterfeit money to buy guns and bombs that they can use to express their frustration with America and other developed countries! $126.9 Trillion of imaginary-counterfeit money can buy a lot of guns and bombs!


I contend that this accounting fraud has had a profound effect on global warring! This $126.9 Trillion of imaginary-counterfeit money has allowed America to deploy the largest military arsenal in historyAmerica has become the dominant military power on the planet simply by printing $126.9 Trillion of imaginary-counterfeit money to buy guns and bombs!


I contend that this accounting fraud has had a profound effect on global warring not only because America can buy guns and bombs with imaginary-counterfeit money but because our friends and our foes can also buy guns and bombs with the infinite supply of imaginary-counterfeit money that the U.S. Government is printing!


Because the U.S. Government is in the process of printing an infinite amount of imaginary-counterfeit money, in theory Planet Earth could build and buy an infinite number of guns and bombs!


World War III
will be a DOOZY if this U.S. Government fiscal and accounting fraud is allowed to continue!


See The Great American Fraud!


See Whistleblower Letter #3 to Congress!


That is why I contend that this U.S. Government accounting fraud, that I call USAPonzi, is causing and promoting drug and alcohol addiction, gun violence, domestic terrorism, global terrorism, and dramatically escalating global warring!


An infinite amount of imaginary-counterfeit money can buy an infinite amount of drugs, alcohol, guns, bullets, and bombs! And everything!

 

National Debt  $23.1 Trillion 
Cash Deficit in FY2020  $1.03 Trillion 
GAAP Deficit in FY2020  $6.13 Trillion 
US Unfunded Future Liabilities  $103.8 Trillion 
US Unfunded Liabilities (GAAP)  $126.9 Trillion 
Imaginary-Counterfeit Money  $126.9 Trillion 
Total National Assets  $148.1 Trillion 

Source: www.usdebtclock.org November 23, 2019


This imaginary-counterfeit money, currently $126.9 Trillion, will evaporate into the “thin air” from whence it came when USAPonzi implodes!


This is the biggest ($126.9 Trillionfinancial fraud ever perpetrated, I call it “USAPonzi: The Great American Fraud” and “The Biggest Ponzi Scheme on the Planet”.


John W White
Plano, TX