Creating massive wealth out of thin air!
July 25, 2017 Emailed to WSJ/NYT/DMN on 7/24/17
The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains how the U.S. Government is "Creating massive wealth out of thin air"!
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".
Creating massive wealth out of thin air!
July 25, 2017
The U.S. Government is "creating massive wealth out of thin air"!
The U.S. Government is creating massive wealth by using fraudulent accounting to stealthily borrow money, $106.9 Trillion so far, from the future Americans and give it to the U.S. upper class!
The U.S. Government is corrupt!
The senior officials of the U.S. Government are common criminals!
The U.S. Government is not using proper GAAP Accounting (Generally Accepted Accounting Principles)!
The U.S. Government is operating a classic Ponzi scheme that I call USAPonzi!
The U.S. ruling class is getting rich by being paid with this fraudulently borrowed money!
The U.S. upper class is getting filthy rich by being fraudulently undertaxed by $106.9 Trillion!
The U.S. general public is getting ripped off because the U.S. Government is fraudulently underfunding the benefit promises that it has made to the general public by $86.9 Trillion!
The ruling class gets rich, the upper class gets filthy rich, and the general public gets cheated.
The U.S. Government is "creating massive wealth out of thin air" by simply and fraudulently borrowing money, $106.9 Trillion, from the future Americans and giving it to the U.S. upper class!
This is fraud because the future Americans do not have $106.9 Trillion!
End of story!
| National Debt |
$20.0 Trillion |
| Cash Deficit in FY2017 |
$0.67 Trillion
|
GAAP Deficit in FY2017
|
$5.54 Trillion
|
| US Unfunded Future Liabilities |
$86.9 Trillion
|
| US Unfunded Liabilities (GAAP) |
$106.9 Trillion
|
Imaginary-Counterfeit Money
|
$106.9 Trillion
|
Total National Assets
|
$132.6 Trillion
|
Source: www.usdebtclock.org Jul 25, 2017
This U.S. Government 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.
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) and "USAPonzi2" (May 1, 2017) which are available on Amazon to better explain this fraud/Ponzi scheme.
This is the biggest ($106.9 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and it is "The Biggest Ponzi Scheme on the Planet"!
John W. White
Plano, TX