The American Social Justice Crisis
August 1, 2017 Emailed to WSJ/NYT/DMN on 8/1/17
The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains how U.S. Government fiscal and accounting fraud has created "The American Social Justice Crisis".
The "news media" has an ethical responsibility to inform the general public of how the U.S. Government is committing fiscal and accounting fraud to cheat the general public and the rest of the planet so they can "feather their own nests" and "dramatically feather the nests of their upper-class friends".
The American Social Justice Crisis
August 1, 2017
justice in terms of the distribution of wealth, opportunities, and privileges within a society.
The U.S. Government is fraudulently enriching the U.S. upper class!
The U.S. Government is fraudulently underfunding the benefit promises to the Common Man!
The U.S. Government has created a "social justice crisis in the United States" by operating with a fiscal policy that dramatically enriches the upper class and dramatically oppresses the Common Man. The U.S. Government is operating with an unbalanced budget that undertaxes the "haves" and underfunds the U.S. Government promises to the "have-nots". The rich are getting richer and the poor are getting poorer because of this U.S. Government fraud.
The United States of America likes to represent itself as the cradle of freedom, liberty, fairness, justice, and opportunity but because of this U.S. Government fiscal and accounting fraud; it is not living up to these ideals.
The fundamental cause of this inequity is the fact that the U.S. Government is not using Generally Accepted Accounting Principles (GAAP Accounting) and is not balancing its budget.
In January of 1968, the U.S. Government adopted the "Unified Budget" which launched a Ponzi scheme fiscal policy, I call it USAPonzi, that is undertaxing the upper class ($107.0 Trillion), is underfunding the future benefit promises to the Common Man ($87.0 Trillion), and is overpaying the ruling class ($20.0 Trillion). See The Imaginary Economy of USAPonzi.
This fiscal policy is borrowing money from the future Americans, that the future Americans do not have, and giving it to the upper class ($107.0 Trillion) while hoodwinking the Common Man into thinking that they will get paid the U.S. Government benefit promises that are now underfunded by $87.0 Trillion.
The U.S. Government is making false and unaffordable benefit promises to the Common Man but is underfunding these benefit promises so that it can dramatically enrich the U.S. upper class.
This is the cause of "The American Social Justice Crisis"!
The U.S. upper class has money running out their ears because of this fraud but some of the underprivileged are going hungry. Something is wrong with this picture! However most of the money that the upper class thinks they have is imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans.
It is imperative that the U.S. Government adopt an honest accounting system and balance its budget to correct this social injustice.
This fiscal fraud, that I call USAPonzi, if it is allowed to continue, will give the U.S. upper class wealth that will approach infinity in a currency whose value will approach zero.
The working class folks in America are forced to live on a relatively fixed wage while the upper class is being given unlimited wealth because of this fiscal and accounting fraud. Further, the unlimited wealth of the upper class is causing consumer price inflation that makes it increasingly difficult for the working class to buy things that can be bought with pocket change by the upper class. This is a progressive fraud that gets more pronounced as time marches on. The amount of money that the U.S. Government gives to the upper class, currently $107.0 Trillion, is increasing exponentially!
USAPonzi has created "Social Injustice" on steroids by giving the U.S. upper class $107.0 Trillion and underfunding the benefit promises to the Common Man by $87.0 Trillion!
The Wealth Gap is caused by this U.S. Government fraud!
I have sent six whistleblower letters to the U.S. Supreme Court in an attempt to alert them to this American Social Benefit Crisis (See Whistleblower Letter # 6 to the U.S. Supreme Court).
The U.S. Government is causing Class Inequality by operating a $107.0 Trillion Ponzi scheme!
|Cash Deficit in FY2017
|GAAP Deficit in FY2017
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org Aug 1, 2017
This U.S. Government fraud can only be equitably eliminated by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government.
I have published a website www.usaponzi.net that explains how this fraud works to create a massive global wealth and income gap between the haves and the have-nots and to create false wealth and prosperity for the current Americans. The www.usaponzi.net website is an introduction to my more detailed website www.usaponzi.com and my books "USAPonzi" (Nov 22, 2015) and "USAPonzi2" (May 1, 2017) which are available on Amazon to better explain this fraud/Ponzi scheme.
This is the biggest ($107.0 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and it is "The Biggest Ponzi Scheme on the Planet"!
John W. White