Madoff-Ponzi vs USAPonzi 210120
January 20, 2021
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/CNBC/DMN on 1/20/21
Madoff-Ponzi ($65 Billion) vs USAPonzi ($158.8 Trillion)
I am a whistleblower! The U.S. Government is corrupt!
The corrupt U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, by not using accrual accounting, called GAAP Accounting in America, to fairly operate its fiscal policy! The corrupt U.S. Government is cheating the U.S. general public so that it can enrich itself and the U.S. upper class!
The corrupt U.S. Government is in the process of fraudulently borrowing an infinite amount of money, I call it imaginary-counterfeit money, from the future Americans, so far $158.8 Trillion, and giving it to the U.S. upper class by undertaxing them!
In this commentary, I will compare USAPonzi with the infamous Madoff Ponzi scheme!
Madoff-Ponzi, long considered the biggest fraudulent scheme in U.S. history, is just a drop in the bucket compared to USAPonzi!
I have spent nearly eight years, written two websites, written eight books, and written over 980 commentaries in an attempt to properly expose this Ponzi scheme/accounting fraud!
In this commentary, I will again try to expose this fraud by comparing it to the Bernie Madoff Ponzi scheme! I think it is widely accepted that Bernie Madoff did a bad thing by duping his investors!
The U.S. Government has done a really really bad thing by duping the U.S. general public!
5 Years Ago Bernie Madoff Was Sentenced to 150 Years In Prison – Here's How His Scheme Worked
Stephanie Yang Jul 1, 2014, 5:54 PM
Five years ago Sunday, Bernie Madoff was sentenced to 150 years in prison for running the biggest fraudulent scheme in U.S. history.
A well-respected financier, Madoff convinced thousands of investors to hand over their savings, falsely promising consistent profits in return. He was caught in December 2008 and charged with 11 counts of fraud, money laundering, perjury, and theft.
Here's how Madoff conned his investors out of $65 billion and went undetected for decades:
Madoff used a so-called Ponzi scheme, which lures investors in by guaranteeing unusually high returns. The name originated with Charles Ponzi, who promised 50% returns on investments in only 90 days.
Ponzi schemes are run by a central operator, who uses the money from new, incoming investors to pay off the promised returns to older ones. This makes the operation seem profitable and legitimate, even though no actual profit is being made. Meanwhile, the person behind the scheme pockets the extra money or uses it to expand the operation.
To avoid having too many investors reclaim their "profits," Ponzi schemes encourage them to stay in the game and earn even more money. The "investing strategies" used are vague and/or secretive, which schemers claim is to protect their business. Then all they need to do is tell investors how much they are making periodically, without actually providing any real returns.
Madoff really only made off with $20 billion, even though on paper he cheated clients out of $65 billion, according to CNNMoney. That's hardly any consolation for his thousands of investors.
The U.S. Government is the central operator of the state sponsored USAPonzi while Bernie Madoff was allegedly the sole central operator of Madoff-Ponzi!
How USAPonzi operates like Madoff-Ponzi!
The promised returns of both Ponzi schemes greatly exceeded the central operator's ability to pay!
The investors in Madoff-Ponzi were promised great returns if they invested their money with Madoff!
The investors in USAPonzi, the U.S. general public, are promised unaffordable future benefits if they will invest their careers as U.S. Government workers, invest their careers in the U.S. military, or invest their money in the Social Security system and the Healthcare system!
The central operator of Madoff-Ponzi duped his investors by “cooking the books” with financial statements that showed paper profits of $65 Billion when honest accounting would have shown significant losses!
The central operator of USAPonzi is duping its investors by “cooking the cooks” by reporting its financial status on a Cash basis rather than on a proper GAAP basis! The central operator of USAPonzi indicates paper wealth gains of $156.5 Trillion (US Total National Assets) for the U.S. upper class and falsely promises paper benefits of $131.0 Trillion (US Unfunded Future Liabilities) for the U.S. general public!
The central operator of USAPonzi is duping its investors by reporting a lifetime Cash deficit of $27.8 Trillion (National Debt) when proper GAAP Accounting reports a lifetime GAAP deficit of $158.8 Trillion (US Unfunded Liabilities (GAAP))! The central operator of USAPonzi is duping its investors by reporting a Cash Deficit for FY2021 of $3.20 Trillion when proper GAAP Accounting reports a GAAP Deficit for FY2021 of about $13.4 Trillion (See Trump Deficit vs USAPonzi Deficit)!
The central operator of Madoff-Ponzi skimmed off about $20 Billion to overpay himself!
The central operator of USAPonzi has skimmed off $27.8 Trillion (National Debt) to help overpay itself!
The central operator of USAPonzi has paid off its co-conspirators, the U.S. upper class, by $158.8 Trillion (US Unfunded Liabilities (GAAP)), by undertaxing them!
The central operator of Madoff-Ponzi encouraged his investors to stay in the con game and earn even more money!
The central operator of USAPonzi encourages its investors to stay invested in the con game by periodically promising even more unaffordable future benefits!
How USAPonzi is different than Madoff-Ponzi!
USAPonzi is 2,400X larger than Madoff-Ponzi ($158.8T/$65B = 2,443)!
The perpetrator of the Madoff-Ponzi was given a 150-year prison sentence for running his $65 Billion Ponzi scheme for decades!
The perpetrators of USAPonzi have, so far, gotten off “scot-free” while operating their $158.8 Trillion Ponzi scheme for 52 years!
The perpetrators of USAPonzi are extending the life of USAPonzi by borrowing an unending and ever-increasing amount of money from the future Americans!
The perpetrators of USAPonzi should apply “the first rule of holes”: if you are digging a hole and cannot get out of it, stop digging!
The following commentaries explain this fiscal and accounting fraud that I call USAPonzi!
USAPonzi-The Great American Fraud
Whistleblower Letter #3 to U.S. General Public
Whistleblower Letter #6 to Congress
The devastating impact of this accounting fraud on Planet Earth is summarized in my Oct 1, 2020 commentary.
Quintet of Global Crises (Economy, Climate, Health, Hunger, Depression)
|Cash Deficit in FY2021
|*GAAP Deficit in FY2021
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org January 20, 2021
The current fiscal policy of the corrupt U.S. Government, I call it USAPonzi, is Destroying Planet Earth!
I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain USAPonzi and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can also be downloaded from my www.usaponzi.net website.
John W. White