The Imaginary U.S. Upper Class!
June 10, 2017 Emailed to the WSJ/NYT/DMN on 6/10/17
The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains how the U.S. Government has created "The Imaginary U.S. Upper Class" out of "thin air"!
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 Imaginary U.S. Upper Class!
June 10, 2017
The U.S. Government has created "The Imaginary U.S. Upper Class" out of "thin air" by using fraudulent accounting!
The U.S. Government has been able to create a remarkable wealth and income gap between the haves and the have-nots by operating with a corrupt and fraudulent fiscal policy. The U.S. Government is promising unaffordable and unfunded U.S. Government benefits promises to the general public but is not funding these promises! The U.S. upper class is appearing to get filthy rich because they do not have to pay the taxes required to pay for these U.S. Government promises! These unpaid taxes now amount to $106.4 Trillion as of June 10, 2017.
The corrupt U.S. Government has created "The Imaginary U.S. Upper Class" simply by operating with a fraudulent accounting system! The U.S. Government, by not using Generally Accepted Accounting Principles (GAAP Accounting), has been operating a now $106.4 Trillion Ponzi scheme (USAPonzi) that has given the U.S. upper class $106.4 Trillion of imaginary-counterfeit money by deferring $106.4 Trillion of public liabilities to the future Americans. This means that by borrowing $106.4 Trillion of imaginary-counterfeit money from the future Americans, the U.S. Government has created the U.S. upper class out of "thin air"! This is fraud because the future Americans do not have $106.4 Trillion!
The U.S. Government has fraudulently created "The Imaginary U.S. Upper Class" by "Cooking the Books"!
The U.S. Common Man is going to be "mad as hell" when the U.S. Government has to fess up to the fact that they have been cheating the U.S. Common Man and the rest of the planet for the last 48 years! The "rest of the planet" is also going to be "mad as hell" when they realize that we have been buying their stuff with the $106.4 Trillion of imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans!
The Terrorists are already mad at us for living such an ostentatious lifestyle, they just do not yet realize that we are using fraudulent accounting to produce this ostentatious lifestyle!
The U.S. upper class is appearing to get super rich with imaginary-counterfeit money because they have been undertaxed by $106.4 Trillion (US Unfunded Liabilities (GAAP)) over the last 48 years!
The U.S. ruling class is getting rich because the U.S. Government has skimmed off $19.9 Trillion (National Debt) of this imaginary-counterfeit money to overpay itself!
The U.S. Common Man is getting screwed because the U.S. Government has promised U.S. Government benefits of $86.5 Trillion (US Unfunded Future Liabilities) that the U.S. Government has not funded!
The rest of the planet is getting screwed because Americans are buying stuff from them with this $106.4 Trillion of imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans!
$106.4 Trillion of the U.S. upper class wealth has been fraudulently produced by simple accounting fraud that is being perpetrated by the U.S. Government!
The U.S. Government is being run by a bunch of scoundrels, liars, and cheaters!
The corrupt U.S. Government has created "The Imaginary U.S. Upper Class" out of "thin air"!
We must have Truth in the U.S. Government!
|| $19.9 Trillion
|Cash Deficit in FY2017
|GAAP Deficit in FY2017
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org Jun 10, 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 ($106.4 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