Getting Rich on Borrowed Money-current
October 1, 2020
I am a whistleblower! The U.S. Government is corrupt!
The corrupt U.S. Government is not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting)! The corrupt U.S. Government is being run by common criminals that have committed a $154.7 Trillion crime by borrowing $154.7 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and giving it to the U.S. upper class!
The U.S. upper class is getting rich because the U.S. Government is fraudulently borrowing money from the future Americans and giving it to the U.S. upper class!
The corrupt U.S. Government is promising and paying U.S. Government benefits to the U.S. general public but is not taxing the U.S. upper class enough to pay for these benefits!
The corrupt U.S. Government is not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting) also called accrual accounting!
By not using accrual accounting, the corrupt U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is fraudulently borrowing money, I call it imaginary-counterfeit money, from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!
The current Americans, primarily the U.S. upper class, appear to have private assets (US Total National Assets) of $124.5 Trillion because the U.S. Government has deferred $154.7 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans!
The U.S. upper class is getting richer, the U.S. economy is getting stronger, and the stock market is going higher simply because the corrupt U.S. Government is fraudulently borrowing money, so far $154.7 Trillion, from the future Americans and giving it to the U.S. upper class!
The following are links to my whistleblower letters to Planet Earth and the U.S. Congress in an attempt to expose the 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
|Cash Deficit in FY2020
|*GAAP Deficit in FY2020
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|US Total National Assets
Source: www.usdebtclock.org October 1, 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 >$28.6 Trillion (>$154.7T-$126.1T = >$28.6T).
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. My latest book (USAPonziE) is available on Amazon and can be downloaded from my www.usaponzi.net website.
John W. White