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

Inequality in America by Fraud-current
December 1, 2020


We have colossal “Inequality in America” because the U.S. Government is corrupt! The corrupt U.S. Government is in the process of printing an infinite amount of counterfeit money and giving it to the U.S. upper class!


The corrupt U.S. Government is committing a fiscal and accounting fraud to deliberately and fraudulently enrich the U.S. upper class and to deliberately and fraudulently cheat the U.S. general public! The corrupt U.S. Government is promising the U.S. general public future benefits but is not taxing the U.S. upper class to pay for these future benefits!


Because the corrupt U.S. Government is operating its fiscal policy with Cash Accounting rather the proper GAAP Accounting (Generally Accepted Accounting Principles), it is not accruing the money to pay for the future benefits that it has promised to the U.S. general public!


When the corrupt U.S. Government does not accrue the money to pay for future benefits, the U.S. upper class gets rich and the U.S. general public gets cheated! When the corrupt U.S. Government does not accrue for these future benefits the cost of these future benefit commitments get deferred to the future Americans!


The corrupt 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! The corrupt U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is in the process of borrowing an infinite amount of money, I call it imaginary-counterfeit money, from the future Americans and giving it to the U.S. upper class by undertaxing them!


The corrupt U.S. Government is lying to and cheating the U.S. general public by promising but not accruing for future benefits so that it can enrich the U.S. upper class and overpay the U.S. ruling class!


The corrupt U.S. Government 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!


As of today, December 1, 2020, the corrupt U.S. Government has enriched the U.S. upper class by $155.8 Trillion (US Unfunded Liabilities (GAAP)) and cheated the U.S. general public by $128.5 Trillion (US Unfunded Future Liabilities)!


The corrupt U.S. Government is being run by common criminals that are fraudulently enriching the haves and cheating the have-nots!


The corrupt U.S. Government is printing imaginary-counterfeit money at the rate of its GAAP basis deficit spending, currently about $18.0 Billion a day, and giving it to the U.S. upper class!


The corrupt U.S. Government is lying to and cheating the U.S. general public so that it can enrich the U.S. upper class and overpay the U.S. ruling class!


We have colossal “Economic Inequality in America” because of the corruption within the U.S. Government!


The corrupt U.S. Government is deliberately and fraudulently enriching the rich by screwing the unrich!


The corrupt U.S. Government has been enriching the rich and screwing the unrich for the last 52 years! This fiscal and accounting fraud, that I call USAPonzi, was started in FY1969 when a scoundrel (LBJ) proposed and the U.S. Congress approved the Unified Budget! When the Unified Budget was adopted, the corrupt U.S. Government did not switch from Cash Accounting to proper GAAP Accounting (accrual accounting) and as a result has been enriching the rich and screwing the unrich for the last 52 years!


The corrupt U.S. Government has fraudulently given the U.S. upper class $155.8 Trillion of imaginary-counterfeit money and is fraudulently giving them $18.0 Billion more imaginary-counterfeit money every day!


The problem with this fiscal policy is that the corrupt U.S. Government has borrowed $155.8 Trillion from the future Americans and the future Americans do not have $155.8 Trillion!


The corrupt U.S. Government is running a $155.8 Trillion Ponzi scheme that I call USAPonzi


This U.S. Government fiscal and accounting fraud, that I call USAPonzi, is causing Social Injustice, Global Warming, and the Coronavirus Pandemic!


The U.S. Government is corrupt
The U.S. Government is being run by common criminals!


The corrupt U.S. Government is causing the colossal “Inequality in America” by committing a fiscal and accounting fraud!


See USAPonzi-The Great American Fraud!
See Whistleblower Letter #6 to the U.S. Congress!
See Quintet of Global Crises (Economy, Climate, Health, Hunger, and Depression)!

 

US National Debt  $27.3 Trillion 
Cash Deficit in FY2021  $3.21 Trillion 
GAAP Deficit in FY2021  $6.57 Trillion 
US Unfunded Future Liabilities  $128.5 Trillion 
US Unfunded Liabilities (GAAP)  $155.8 Trillion 
Imaginary-Counterfeit Money  $155.8 Trillion 
US Total National Assets  $157.5 Trillion 

Source: www.usdebtclock.org December 1, 2020
*GAAP Deficit-current

I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain this Ponzi scheme/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
Plano, TX