Infinite Counterfeit American Wealth 191216
December 16, 2019
Emailed to United Nations, Fed Chair Jay Powell, 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, NYT/WSJ/WP/DMN/CNBC, and Dallas Mayor Eric Johnson on 12/17/19.
Americans are getting really rich really fast!
Americans are not getting rich by working hard or by being productive or by being smart!
Americans are getting rich because the U.S. Government is corrupt!
The 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 U.S. Government is being run by common criminals!
The U.S. Government is committing a fiscal and accounting fraud that is in the process of borrowing an infinite amount of money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class!
The U.S. Government is not operating its fiscal policy according to proper and Generally Accepted Accounting Principles (GAAP Accounting)!
The U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that has fraudulently borrowed $127.2 Trillion (US Unfunded Liabilities (GAAP)) of counterfeit money, I call it imaginary-counterfeit money, from the future Americans and given it to the U.S. upper class! Every day the U.S. Government fraudulently borrows $16.8 Billion more imaginary-counterfeit money from future Americans and gives it to the U.S. upper class!
GAAP basis deficit spending by the U.S. Government prints imaginary-counterfeit money and gives it to the U.S. upper class by undertaxing them!
Americans can get really really rich with this accounting fraud that is borrowing imaginary-counterfeit money from the future Americans and giving it to the U.S. upper class because the future Americans have a lot of imaginary-counterfeit money, after all it is imaginary!
This fraud creates most of these imaginary-counterfeit millionaires and billionaires in America but almost all millionaires and billionaires on Planet Earth are imaginary and counterfeit and have been created by this same U.S. Government fiscal and accounting fraud that I have named USAPonzi.
The following chart shows the distribution of global millionaires as reported by the 2019 Credit Suisse Global Wealth Report!
But this Credit Suisse Global Wealth Report is not worth the paper it is printed on because essentially all global wealth is the product of a criminal hoax that is being perpetrated by a corrupt U.S. Government!
This report shows that by fraudulently borrowing $127.2 Trillion from the future Americans, the U.S. Government has created 36 million millionaires in just these ten countries that would appear to have an average net worth on the order of $3.53 Million ($127.2T/36M = $3.53M) if the future Americans can just come up with $127.2 Trillion! I think most reasonable people would not believe that the future Americans can pay $127.2 Trillion of public liabilities (US Unfunded Liabilities (GAAP))!
This is the nature of a Ponzi scheme; the early participants in the scheme gain assets because the operator fraudulently defers liabilities to the late participants in the scheme!
The U.S. Government is running a $127.2 Trillion Ponzi scheme (USAPonzi) that is 2500X larger than the $50 Billion Madoff Ponzi scheme ($127.2T/$50B = 2544)!
According to this report, the corrupt U.S. Government has created at least 36 million imaginary-counterfeit millionaires and billionaires by committing a $127.2 Trillion fiscal and accounting fraud!
This imaginary-counterfeit wealth, currently $127.2 Trillion, will evaporate into the “thin air” from whence it came when USAPonzi implodes!
America appears to be the richest and most prosperous country on the planet because America is the most corrupt country on the planet! $127.2 Trillion of corruption is a lot of corruption!
The following links give a further explanation of this accounting fraud that I call USAPonzi.
See USAPonzi-The Great American Fraud
See Whistleblower Letter #3 to to Congress 191110
See Whistleblower Letter #1 to the United Nations 191203
|Cash Deficit in FY2020
|GAAP Deficit in FY2020
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP))
|Total National Assets
Source: www.usdebtclock.org December 16, 2019
You can learn more about this fraud/Ponzi scheme by reading my websites www.usaponzi.net and www.usaponzi.com or by reading my sixth book on USAPonzi “USAPonziC” which is available on Amazon.
This is the biggest ($127.2 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Great American Fraud” and “The Biggest Ponzi Scheme on the Planet”!
John W. White