Epic Global Financial System Reset 180713
July 13, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 7/11/18
The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post”, and “The Dallas Morning News” that explains why we are facing an “Epic Global Financial System Reset” when the current U.S. Government accounting fraud that I call USAPonzi is exposed! The U.S. Government is committing fiscal and accounting fraud by not operating its fiscal policy with proper GAAP Accounting!
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 “colossally feather the nests of their upper-class friends”! The U.S. Government is not using proper accrual accounting!
The “news media” is aiding and abetting the corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud!
Epic Global Financial System Reset 180713
July 13, 2018
For the last 49 years, the U.S. Government has been operating its fiscal policy with a fraudulent accounting system by not applying Generally Accepted Accounting Principles; commonly called GAAP Accounting. Because of this fraudulent accounting, the U.S. Government is printing counterfeit money by overspending on a cash basis and by not properly accruing for future benefit promises to the U.S. general public.
The current U.S. Government fiscal policy is systematically, stealthily, and digitally printing what I call imaginary-counterfeit money with GAAP basis deficit spending. Deficit spending defers public liabilities to the future Americans and relieves the current Americans of these liabilities by undertaxing them. This has the effect of borrowing money from the future Americans, money the future Americans do not have, and giving it to the current Americans primarily to the U.S. upper class!
This fraud has created $113.9 Trillion of imaginary-counterfeit money and is creating $16.5 Billion more every day. However, the future Americans can never pay this fraudulently borrowed money that currently stands at $113.9 Trillion! This means that if this fraud was properly exposed today, the current Americans would lose $113.9 Trillion of apparent wealth and the U.S. economy would lose $6.03 Trillion of annual deficit spending by the U.S. Government.
This accounting fraud is borrowing $16.5 Billion of imaginary-counterfeit money from the future Americans every day and giving it to the U.S. upper class!
America has been living in a progressively improving fantasy world for the last 49 years because the U.S. Government has been fraudulently handing out an exponentially increasing amount of counterfeit money to the U.S. upper class every day for the last 49 years!
When this fraud is properly exposed, I predict that the following will happen:
The U.S. Government will not be able to pay its benefit promises!
The U.S. Government will not be able to pay the direct and indirect employees of the U.S. Government!
The U.S. Government will not be able to pay for its military arsenal!
The stock market will crash!
The bond market will crash!
The real estate market will crash!
The apparent wealth of the U.S. upper class will fall precipitously!
The incomes of all Americans will fall precipitously!
The standard of living in America will fall precipitously!
The wealth and income gap will dramatically compress!
The price of commodities and physical assets will fall precipitously!
We will be facing a total and epic reset of the global financial system!
We will see a dramatic discontinuity in the U.S. and Global economy!
We will see a global depression that will rival The Great Depression!
Banks will fail all over the planet!
Businesses will fail all over the planet!
We will see a lot of assets that have been bought and built with this imaginary-counterfeit money fall into under-use or even disuse!
By operating with this fraudulent fiscal policy for the last 49 years, the U.S. Government has set the stage for a global financial and economic system reset of epic proportions!
The U.S. Government is corrupt!
The senior officials of the U.S. Government are common criminals that have committed a $113.9 Trillion criminal act by not operating its fiscal policy with proper accrual accounting! The senior officials of the U.S. Government are common criminals because they are direct financial beneficiaries of this massive fraud! The corrupt and criminal U.S. Government is overpaying itself with imaginary-counterfeit money!
We have 535 criminals in the U.S. Congress and an untold number of criminals in the White House!
I have sent 14 whistleblower letters to the U.S. Securities and Exchange Commission, a whistleblower letter to every member of the U.S. Congress, and 9 whistleblower letters to each member of the U.S. Supreme Court so all three branches of the U.S. Government would be informed of this massive fraud!
I have also sent over 200 Op-Eds to the “main-stream-media” in an attempt to expose this massive fraud to the citizens of Planet Earth! None of these Op-Ed candidates have been published!
This massive fraud is explained in more detail in my Open Letter to Planet Earth and my Open Letter to US General Public!
To eliminate this massive fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget. GAAP Accounting (Generally Accepted Accounting Principles) is the commonly used name in America for the accounting guidelines for accrual accounting.
|Cash Deficit in FY2018
|GAAP Deficit in FY2018
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org Jul 13, 2018
This fraud/Ponzi scheme (USAPonzi) is explained in much more detail on my websites www.usaponzi.net and www.usaponzi.com and in my books “USAPonzi” 11/22/15, “USAPonzi2” 5/1/17, and “USAPonzi3” 2/1/18! Each of these books have updates that I made every few days until the next book was published. I have published over 620 commentaries since March 29, 2013 in an attempt to expose this U.S. Government fraud!
This is the biggest ($113.9 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.
John W. White