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

Greatest Depression is bigger than Coronavirus 200515200512
May 15, 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 5/15/20


In this commentary, I will explain why the global economy is about to encounter an economic and financial system crisis that will prove to be much more severe than what we are experiencing now with the Coronavirus Pandemic!


I also contend that this coming global economic crisis (economic depression)
will be much more severe than “The Great Depression”!


We, as a planet, have been living well beyond our means, for the last 51 years, because the U.S. Government has fraudulently borrowed $147.5 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class!


The U.S. economy appears to be doing great because the corrupt U.S. Government is in the process of borrowing an infinite amount of monopoly money from the future Americans and giving it to the U.S. upper class!


MAD AS HELL!


The rest of the planet will be MAD AS HELL when they find out that Americans have been, for the last 51 years, buying stuff with monopoly money!


The U.S. general public will be MAD AS HELL when they find out that the corrupt U.S. Government has been lying to and cheating them, for the last 51 years, by promising future government benefits but is not funding these promises!


The U.S. general public will be MAD AS HELL when they find out that the U.S. upper class is getting filthy rich because the corrupt U.S. Government has been lying to and cheating them, for the last 51 years, by not funding their future benefit promises!


The U.S. general public will be MAD AS HELL when the corrupt U.S. Government stops paying government benefits!


The U.S. ruling class will be MAD AS HELL when many of them find out that they do not have a job!


The U.S. upper class will be MAD AS HELL when they find out that their perceived wealth has evaporated!


This coming economic and financial crisis will occur when the entire planet realizes that the future Americans do not have an infinite amount of money!


I call this coming economic and financial crisis “The Greatest Depression”!


I call this coming economic and financial crisis “The Greatest Depression” since the current U.S. Total Financial Leverage is 4.9X what it was in 1929 just prior to the start of “The Great Depression”!


We face this economic crisis because the U.S. Government is committing a fiscal and accounting fraud by not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting)! The U.S. Government is paying government benefits but is not accruing the money to pay for future government benefits!


When the corrupt U.S. Government does not accrue for future government benefits, the U.S. general public gets screwed!


When the corrupt U.S. Government does not accrue for future government benefits, the U.S. upper class gets filthy rich!


This corrupt and fraudulent fiscal policy is a classic Ponzi scheme, I call it USAPonzi, because the U.S. Government 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!


So far, the corrupt U.S. Government has borrowed $147.5 Trillion (US Unfunded Liabilities (GAAP)) and given it to the U.S. upper class!


So far, the corrupt U.S. Government has underfunded the government benefit promises to the U.S. general public by $122.3 Trillion (US Unfunded Future Liabilities).


So far, the corrupt U.S. Government has borrowed another $25.2 Trillion (US National Debt) from the future Americans to meet current period spending obligations!


Causing Global Warming!


USAPonzi is causing Global Warming!


This fraudulent fiscal policy, that I call USAPonzi, is in the process of borrowing an infinite amount of imaginary-counterfeit money from the future Americans and giving it to the U.S. upper class so the entire planet can build and buy an infinite number of environment-polluting physical objects! This fraudulent fiscal policy is in the process of building an infinite number of smartphones, cars, trucks, boats, airplanes, houses, apartments, condos, restaurants, banks, airports, cities, etc. etc. 


We are filling up Planet Earth with an infinite number of physical assets that we are building and buying with an infinite amount of imaginary-counterfeit money that the corrupt U.S. Government has fraudulently borrowed from the future Americans! The problem is this, the future Americans do not have $147.5 Trillion!


This fraudulent fical policy, that I call USAPonzi, is causing Global Warming that is destroying Planet Earth!


Causing Coronavirus Pandemic!


USAPonzi is causing the Coronavirus Pandemic!


This fiscal and accounting fraud, that I call USAPonzi, is in the process of fraudulently borrowing an infinite amount of imaginary-counterfeit money from the future Americans and giving it to the  U.S. upper class so that people all over the planet can live wherever they want to! People like to be where the action is so most of them want to live in cities! Since this fraud is borrowing an unending and ever-increasing (infinite) amount of imaginary-counterfeit money from the future Americans the global population is constantly moving closer and closer together!


This is becoming evident with all of the houses, apartment buildings, and condo buildings, that are going up all over the planet! These houses, apartment buildings, and condo buildings are being built, bought, and rented with imaginary-counterfeit money, so far $147.5 Trillion, that the corrupt U.S. Government is fraudulently borrowing from the future Americans!


This is creating the conditions for germ creation that can then be transmitted locally very quickly because people are living so close together! This corrupt and fraudulent fiscal policy is not creating the germs, it is creating the conditions for the creation of germs that can spread locally very rapidly.


This fiscal and accounting fraud is printing an infinite supply of imaginary-counterfeit money that people all over the planet are using to have almost unlimited mobility. We are using imaginary-counterfeit money, so far $147.5 Trillion, to buy cars, boats, and airplanes. We are paying for our car rides, our Uber rides, our airplane rides, and our cruises with imaginary-counterfeit money that the corrupt U.S. Government has fraudulently borrowed from the future Americans!


The entire planet is traveling wherever they might want to go with this infinite supply of imaginary-counterfeit money that the corrupt U.S. Government is fraudulently borrowing from the future Americans! This ever-increasing mobility is allowing germs to be transmitted globally, almost immediately, by people that are traveling around with money that has been fraudulently produced by the corrupt and criminal U.S. Government!


USAPonzi is packing people closer and closer together to produce local transmission of germs, and is mixing people up all over the planet with travel that is being fraudulently paid for with money that the corrupt U.S. Government is fraudulenty borrowing from the future Americans to produce global transmission of these germs!


Causing “The Greatest Depression”!


USAPonzi setting the stage for “The Greatest Depression”!


This fiscal and accounting fraud, that I call USAPonzi, is setting up the planet for a global depression that will be much more severe than “The Great Depression”! The entire planet has way too much debt and public liabilities that can never be paid!


The United States of America is in all likelihood the biggest cuplrit in causing this coming financial and economic crisis!


The corrupt U.S. Government has no choice but to continue borrowing an infinite amount of money from the future Americans to keep this Ponzi scheme going!


But as my above arguments explain, borrowing an infinite amount of money from the future Americans, is causing both Global Warming and the Coronavirus Pandemic!


The U.S. Government is caught between a rock and a hard place because they have been cheating the U.S. general public and the rest of the planet for the last 51 years, so they can enrich themselves and their upper-class friends!


When USAPonzi implodes, and it will implode, the government benefit recipients will have no money because their future benefits have been underfunded!


When USAPonzi implodes, and it will implode, the buying power of the entire planet will drop to zero because nobody will have a job or an income, witness what happened immediately when the Coronavirus Pandemic forced us to pause the economy!


The U.S. upper class will not have any money because the value of their stocks will drop to almost zero because nobody will have any money to buy products and services from these companies!


The stock market will essentially go to zero!


The bonds and corporate debt will essentially be valueless because governments and businesses will not have the income to pay back or even service their debt!


Most companies will fail because their revenue will fall to zero when nobody has any money!


Most banks will fail because most of the money in these banks is imaginary-counterfeit money that has been fraudulently borrowed from the future Americans!


Approximately $147.5 Trillion of imaginary-counterfeit money will evaporate almost immediately when USAPonzi implodes!


We are facing a financial and economic crisis of epic proportions because the U.S. Government is corrupt!


“The Greatest Depression” is coming soon!


The following are links to my whistleblower letters to Planet Earth and 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  $25.2 Trillion 
Cash Deficit in FY2020  $2.78 Trillion 
*GAAP Deficit in FY2020  >$21.4 Trillion 
US Unfunded Future Liabilities  $122.3 Trillion 
US Unfunded Liabilities (GAAP)  $147.5 Trillion 
Imaginary-Counterfeit Money  $147.5 Trillion 
US Total National Assets  $143.9 Trillion 

Source: www.usdebtclock.org May 15, 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 >$21.4 Trillion ($147.5T-$126.1T=$21.4T).


I have written two websites (USAPonzi.com and USAPonzi.net) and eight books (the latest is USAPonziE which is available on Amazon) that explain this fraud and the impact it is having on Planet Earth!


John W. White
Plano, TX