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

Bubble of Bubbles by Fraud 200606
June 6, 2020
Emailed to The United Nations, Fed Chair Jay Powell, St Louis Fed President James Bullard, 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, and NYT/WSJ/WP/DMN/CNBC on 6/6/20


I am a Whistleblower! The U.S. Government is corrupt!


In this commentary I will again explain how the corrupt U.S. Government has created a Bubble of Bubbles by fraudulently borrowing an infinite amount of counterfeit money from the future Americans!


The corrupt U.S. Government is committing a fiscal and accounting fraud by not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting) which has produced a massive Ponzi scheme that I call USAPonzi!


The corrupt U.S. Government is in the process of printing an infinite amount of imaginary-counterfeit money and giving it to the U.S. upper class by fraudulently borrowing it from the future Americans! So far, this fiscal and accounting fraud has given the U.S. upper class $147.9 Trillion of imaginary-counterfeit money!


The corrupt U.S. Government is promising future benefits to the U.S. general public but is not accruing the money to pay for these future benefits!


The corrupt U.S. Government has enriched the U.S. upper class by fraudulently borrowing $147.9 Trillion from the future Americans and giving it to the U.S. upper class by undertaxing them!


By not using proper GAAP Accounting, the corrupt U.S. Government is in the process of printing an infinite amount of imaginary-counterfeit money and giving it to the U.S. upper class!


When you have an infinite amount of imaginary-counterfeit money you can buy an infinite amount of everything! On my websites (www.usaponzi.net and www.usaponzi.com) and in my series of eight books on USAPonzi, I explain how we have bubbles in cars, trucks, airplanes, boats, houses, condos, apartment buildings, banks, restaurants, guns, bombs, oil, skyscrapers, cities, etc.


I have not tried to explain all of the bubbles this accounting fraud has produced because that would be impossible since there are an infinite number of things that are in a bubble, but in this commentary, I will list many more of these bubbles!


When the corrupt U.S. Government prints an infinite amount of counterfeit money, we can build, buy, rent, operate, hire, and consume an infinite amount of everything!


Each item in the list below is in a bubble because the U.S. Government is corrupt! As examples, we have hired way too many policemen and we have built way too many hospitals!


Bubble of Bubbles
Government services
IRS agents
Policemen
Firemen
EMTs
Government Officials
Hospitals
Medical Buildings
Medical Procedures
Joint Replacements
Organ Replacements
Medicines
Drugs
Doctors
Nurses
Law Offices
Lawyers
Colleges
Professors
Faith Buildings
Faith Leaders
Exercise Centers
Exercise Equipment
Personal Care Shops
Cosmetics
Jewelry
Art
Museums
Classic Cars
Hotels
Resorts
Casinos
Golf Courses
Golf Clubs
Golf Balls
Tennis Courts
Tennis Rackets
Tennis Balls
Sport Stadiums
Sports Teams
Baseballs
Basketballs
Footballs
Soccer Balls
Uniforms
Cruise Ships
Cargo Ships
Cargo Planes
Cargo Carriers
Warehouses
Storage Facilities
Data Centers
Space Craft
Malls
Retail Stores
Neck Ties
T-Shirts
Tennis Shoes
Computers
iPads
Smartphones
Wines
Beers
Soft Drinks
Waters
Ice Creams
Cookies
Chips
Dips
Candy Bars
Gums
Band-aids
Pizzas
Hamburgers
French Fries
Steaks
Etc.
Etc.
Etc.

This fiscal and accounting fraud has created a Bubble of Bubbles by fraudulently borrowing an infinite amount of imaginary-counterfeit money from the future Americans!


The way this accounting fraud works, the U.S. upper class gains most of the benefit of this fraud/Ponzi scheme, the U.S. general public gets the dregs, and the rest of the planet gets screwed, except for the elite and they get filthy rich!


The fundamental characteristic of a fair and equitable economy is that every entity in that economy only spends what it has earned or what it can reasonably be expected to earn! A fair and equitable global economy can only be maintained and sustained by the U.S. Government using proper GAAP Accounting and committing to a balanced GAAP basis budget!


Americans, primarily the U.S. upper class, now have an estimated net worth (US Total National Assets) of $143.1 Trillion simply because the corrupt U.S. Government has fraudulently borrowed $147.9 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class by undertaxing them!


The corrupt U.S. Government is using “smoke and mirrors and fraud” to create the illusion that America is rich and prosperous!


The following are links to my whistleblower letters to Planet Earth and to the U.S. Congress in an attempt to expose this fraud and corruption within the U.S. Government!

 

Whistleblower Letter #1 to Planet Earth
Whistleblower Letter #5 to the U.S. Congress



US National Debt  $25.9 Trillion 
Cash Deficit in FY2020  $3.10 Trillion 
GAAP Deficit in FY2020  >$21.8 Trillion 
US Unfunded Future Liabilities  $122.0 Trillion 
US Unfunded Liabilities (GAAP)  $147.9 Trillion 
Imaginary-Counterfeit Money  $147.9 Trillion 
US Total National Assets  $143.1 Trillion 

Source: www.usdebtclock.org June 6, 2020
*usdebtclock.org has stopped explicitly reporting the GAAP Deficit. The GAAP Deficit is implicitly reported as the change in US Unfunded Liabilities (GAAP)US Unfunded Liabilities (GAAP) were $126.1 Trillion on October 1, 2019 the start date for FY2020, therefore the GAAP Deficit in FY2020 will be >$21.8 Trillion (>$147.9T-$126.1T = >$21.8T).


I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain this fraud and the impact it is having on Planet Earth. The reader can download my latest book (USAPonziE) most conveniently from my www.usaponzi.net website.


John W. White
Plano, TX