Biggest Fraud-Trump or America? 190510
May 10, 2019
Emailed to WSJ/NYT/WP/DMN, the US SEC, Fed Chairman Jay Powell, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, and Dallas Mayor Mike Rawlings 5/12/19
The United States of America has perpetrated a $123.9 Trillion financial fraud!
When someone pulls $123.9 Trillion out of a hat you would think that somebody would notice it!
But when the U.S. Government pulls $16.7 Billion a day out of a hat, nobody seems to care!
As they say; a few trillion here and a few trillion there, pretty soon you are talking about real money!
In case you haven't noticed I am shouting fire fire fire in a crowded theatre!
If one were to ask the person on the street “Which is the bigger fraud Donald J. Trump or the United States of America?” what would they say?
I know what most of you are thinking; that is a preposterous question!
Many people think Donald Trump is a fraud! Many people do not think Donald Trump is a fraud!
Very few people in America think the United States of America is a fraud! Even fewer people in America want to think the United States of America is a fraud!
Unfortunately both Donald J. Trump and the United States of America are FRAUDS!
Donald J. Trump wants people to think that he has a net worth on the order of $3-10 Billion! His real net worth is most likely around zero or less!
The United States of America wants the planet to think that it has a net worth on the order of $135-150 Trillion! Its real net worth is most likely around $12-15 Trillion!
Both are complete fabrications because of the corruption within the U.S. Government!
The U.S. Government is committing a fiscal and accounting fraud that is fraudulently borrowing money from the future Americans, money the future Americans do not have, to create the appearance of great wealth in America and great wealth for Donald J. Trump!
The U.S. Government is corrupt and the senior officials in the U.S. Government are common criminals because they are stealing money from the future Americans, money that the future Americans do not have, so that they can become fraudulently wealthy!
The corrupt and criminal U.S. Government has fraudulently borrowed $123.9 Trillion from the future Americans to enrich the U.S. upper class, themselves, and Donald J. Trump!
The net worth of all Americans, primarily that of the U.S. upper class, is estimated to be $136.6 Trillion (Total National Assets) because the corrupt and criminal U.S. Government has fraudulently borrowed $123.9 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class by undertaxing them!
This is why I say that the real net worth of the United States of America is dramatically overstated:
private assets ($136.6T) - public liabilities ($123.9T) = real net worth ($12.7T)
The current fiscal policy of the U.S. Government is a classic Ponzi scheme that I have named USAPonzi! This Ponzi scheme is produced because the U.S. Government is not using the proper accounting system, GAAP Accounting (Generally Accepted Accounting Principles) and, as a result, is printing what I call imaginary-counterfeit money at the rate of its GAAP basis deficit spending which is currently $16.7 Billion a day and giving it to the U.S. upper class!
The United States of America is a $135-150 Trillion FRAUD!
Donald J. Trump is a $3-10 Billion FRAUD!
Donald J. Trump is “Cooking the Books” and does not want to expose his true financial condition by releasing his tax returns!
The United States of America is “Cooking the Books” and does not want to expose its true financial condition by using proper GAAP Accounting!
The United States of America is “The Biggest Fraud on the Planet”!
Donald J. Trump's fraud would not be possible without the United States of America fraud that I call USAPonzi!
And USAPonzi is causing Global Warming that is Destroying Planet Earth!
|Cash Deficit in FY2019
|GAAP Deficit in FY2019
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org May 10, 2019
This accounting fraud/Ponzi scheme 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!
You can learn more about this fraud/Ponzi scheme by reading my websites www.usaponzi.net and www.usaponzi.com or better yet by reading my fifth book on USAPonzi “USAPonziB” which is available on Amazon and on my websites in Kindle and PDF formats.
This is the biggest ($123.9 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”!
John W. White