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

Printing Infinite Counterfeit 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 corrupt U.S. Government is committing a fiscal and accounting fraud by not using proper and Generally Accepted Accounting Principles (GAAP Accounting) also called accrual accounting! The corrupt U.S. Government has undertaxed the U.S. upper class by $154.7 Trillion by not accruing the money to pay the future benefit promises to the U.S. general public!


The corrupt U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that has, in effect, borrowed $154.7 Trillion (US Unfunded Liabilities (GAAP)) of imaginary-counterfeit money from the future Americans, money the future Americans do not have, and given it to the U.S. upper class!


The corrupt U.S. Government is in the process of fraudulently 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 corrupt U.S. Government has fraudulently deferred $154.7 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans and undertaxed the U.S. upper class by $154.7 Trillion!


GAAP basis deficit spending by the corrupt U.S. Government prints imaginary-counterfeit money and gives it to the U.S. upper class by undertaxing them! I call this money, imaginary-counterfeit money, because this money does not exist (imaginary) and has no value (counterfeit).


The future Americans have an infinite amount of imaginary-counterfeit money, after all it is imaginary!


See Whistleblower Letter #1 to Planet Earth for more details on this accounting fraud/Ponzi scheme!

US National Debt  $26.8 Trillion 
Cash Deficit in FY2020  $3.14 Trillion 
*GAAP Deficit in FY2020  >$28.6 Trillion 
US Unfunded Future Liabilities  $127.9 Trillion 
US Unfunded Liabilities (GAAP)  $154.7 Trillion 
Imaginary-Counterfeit Money  $154.7 Trillion 
US Total National Assets  $124.5 Trillion 

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
Plano, TX