Calling Bullshit on US Government Fiscal Policy!
April 30, 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 4/30/19
The U.S. Government is corrupt! The U.S. Government is criminal! The U.S. Government is printing counterfeit money and giving it to the U.S. upper class! The U.S. Government is borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class!
I call bullshit on the fiscal policy of the U.S. Government!
I call bullshit urban dictionary
1. to call one out on a complete falsehood
2. an expression of distaste or aggravation
3. to have found something at odds with a generally accepted truth
The U.S. Government is not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting)!
The U.S. Government has been committing the biggest crime in the history of Planet Earth for the last 49 years!
This is now a $123.7 Trillion crime!
The corrupt and criminal U.S. Government has fraudulently borrowed $123.7 Trillion from the future Americans and given it to the U.S. upper class!
This is fraud because the future Americans do not have $123.7 Trillion!
This is a very simple fraud; the U.S. Government promises future benefits to the U.S. general public but does not tax the U.S. upper class enough to pay for these benefit promises!
When the U.S. upper class is undertaxed by $123.7 Trillion (US Unfunded Liabilities (GAAP)) they appear to get really really rich!
The corrupt and criminal U.S. Government fraudulently borrows another $16.7 Billion from the future Americans every day and gives it to the U.S upper class!
The corrupt and criminal U.S. Government has created $123.7 Trillion of wealth for the U.S. upper class by fraudulently deferring $123.7 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans!
When the U.S. Government assumes public liabilities; the U.S. upper class gains private assets!
The corrupt and criminal U.S. Government is creating the wealth and income gap by committing the biggest crime in the history of Planet Earth; fraudulently deferring $123.7 Trillion of public liabilities to the future Americans!
The corrupt and criminal U.S. Government is not using proper GAAP Accounting to accrue the money to pay for the future benefit promises to the U.S. general public!
The corrupt and criminal U.S. Government is lying to and cheating the U.S. general public by promising future benefits to the U.S. general public that it is not funding so that it can enrich the U.S. upper class!
Every one of the senior officials in the U.S. Government is a common criminal because of this fraudulent fiscal policy! This is criminal fraud by the senior U.S. Government officials because they are direct financial beneficiaries of this accounting fraud!
This accounting fraud has been operating for more than 49 years; it is time for the U.S. general public to call bullshit on the corrupt and criminal U.S. Government that is committing this $123.7 Trillion criminal act!
The corrupt and criminal U.S. Government is using smoke and mirrors to enrich the U.S. upper class and cheat the U.S. general public!
On April 24, 2019, I sent Whistleblower Letter #2 to the FBI-Chris Wray in an effort expose this $123.7 Trillion U.S. Government crime!
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!
GAAP Deficit in FY2019 of $6.11T/365 days = $16.7B/day
This U.S Government accounting fraud is fraudulently enriching the U.S. upper class by another $16.7 Billion every day!
This U.S. Government accounting fraud is fraudulently cheating the U.S. general public every day by underfunding the U.S. Government benefit promises to the U.S. general public by now a total of $101.4 Trillion (US Unfunded Future Liabilities)!
|Cash Deficit in FY2019
|GAAP Deficit in FY2019
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org April 30, 2019
This accounting 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!
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 ($123.7 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”!
John W. White