USAPonzi-A Fraud too Big to See 180924
September 24, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 9/24/18
The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post”, and “The Dallas Morning News” that explains why USAPonzi may be “A Fraud too Big to See”!
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 “news media” is aiding and abetting the corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud! The U.S. Government should be operating its fiscal policy with accrual accounting!
USAPonzi-A Fraud too Big to See 180924
September 24, 2018
USAPonzi is a $114.9 Trillion Fraud!
Sometimes we can't see the forest for all of the damn trees! Sometimes an object is so big we can't make an objective assessment of its size! Our universe is an example! A tidal wave that started with a ripple could be an example! A slight breeze might have been the first sign of a hurricane before we had the tools to assess and track hurricanes!
I contend that the U.S. Government fiscal and accounting fraud that I call USAPonzi may be a financial fraud that is “too big to see”! Or maybe we see it but we just do not want to accept the fact that it exists!
This fraud has been operating for 49 years but it started as a gentle breeze in 1968, has been gaining steam as time passes, and is now a $114.9 Trillion financial fraud that is being perpetrated by the U.S. Government! This fraud is now borrowing $16.6 Billion a day from the future Americans and giving it to the current Americans to stimulate the U.S. and global economy! This fraud is deferring public liabilities to the future Americans and undertaxing the current Americans so that we can have $114.9 Trillion of imaginary-counterfeit money to buy a lot of stuff without having to pay for it!
This fraud, that I call USAPonzi, is printing an unending and ever-increasing stream of counterfeit money to dramatically stimulate the U.S. and global economy!
Each day when I open the Dallas Morning News Business page, I seem to find at least two examples of economic activities that have achieved outrageous success because of this U.S. Government fiscal and accounting fraud!
Yesterday morning I found three examples of outrageous success produced by USAPonzi in just two headlines on the first page of the Business section.
“Century-old box company Pollock feels Amazon effect”
Sometimes everything old is new again.
Just ask the folks at Pollock.
The Grand Prairie-based maker of millions upon millions of corrugated boxes is celebrating its 100th anniversary with renewed vigor thanks to the “Amazon effect” — where every sort of product is being bought online and shipped to people’s doorsteps in those lowly, ubiquitous containers.
“Alliance development provides North Texas with a great argument for HQ2”
With decision day approaching on Amazon HQ2, here’s a closing argument for North Texas: We’ve done this before — and in a way few can match.
AllianceTexas, the giant development north of Fort Worth, was little more than a grand idea and great expanse of empty land 30 years ago. Today, the 26,000-acre project has nearly 50,000 workers, 44 million square feet of development and over $8 billion in private investment.
Those numbers rival (and some even surpass) Amazon’s ambitious goals for a second headquarters. A year ago, the retail giant announced a major expansion plan and invited cities to compete to be the host. The Dallas area is among 20 finalists still in the race, and Amazon has said it will pick a winning location before the end of the year.
When the corrupt and criminal U.S. Government is in the process of printing an infinite amount of counterfeit money, the current Americans can buy a whole lot of stuff that needs cardboard boxes to get it delivered! Pollock can make and sell a lot of cardboard boxes as long as the U.S. Government continues to print more and more counterfeit money! $114.9 Trillion of counterfeit money can buy a lot of cardboard boxes!
When this fraud is exposed, Pollock will be selling a lot fewer cardboard boxes! Pollock will likely return to the economic activity levels of the early 1970s when USAPonzi was just starting to print counterfeit money!
When the corrupt and criminal U.S. Government is in the process of printing an infinite amount of counterfeit money, the current Americans can buy a whole lot of stuff from Amazon that need cardboard boxes to get delivered! Amazon and Pollock can both sell a lot of stuff as long as the U.S. Government continues to print more and more counterfeit money! $114.9 Trillion of counterfeit money can buy a lot of stuff from Amazon and a lot of cardboard boxes from Pollock!
When this fraud is exposed, Amazon, as we currently know it, will go out of business. Hopefully this fraud will be exposed before Amazon makes what would be the massive mistake of building what has become to be known as HQ2! The U.S. Government is printing an unending stream of counterfeit money so Americans can buy an unending stream of stuff from Amazon!
The third dramatic success represented in these headlines is that USAPonzi has provided the counterfeit money to build AllianceTexas! AllianceTexas will become a virtual ghost town when this fraud is exposed! USAPonzi is providing the counterfeit money to build fabulous facilities of all types, shapes, and sizes all over the planet! $114.9 Trillion of counterfeit money can build a lot of AllianceTexases!
I even contend that USAPonzi is the primary cause of Global Warming by being in the process of printing an infinite amount of counterfeit money so that we can build, use, and operate an infinite number of environment-polluting objects (See Global Warming caused by US Government Fraud)!
The U.S. Government is committing fiscal and accounting fraud, by not using proper GAAP Accounting, and as a result is printing an infinite amount of imaginary-counterfeit money with GAAP basis deficit spending and giving it to the U.S. upper class!
The corrupt and criminal U.S. Government is printing an infinite amount of counterfeit money to create outrageous counterfeit wealth and counterfeit prosperity that the Dallas Morning News unwittingly prints as fake news!
The corrupt and criminal U.S. Government is in the process of printing an infinite amount of counterfeit money, with GAAP basis deficit spending, so Pollock can make a lot of cardboard boxes, so Amazon can sell a lot of stuff that needs a lot of cardboard boxes, and so Hillwood Development can build AllianceTexas!
USAPonzi is a $114.9 Trillion Fraud!
USAPonzi may be too big to see!
The U.S. Government is corrupt!
The senior officials of the U.S. Government are common criminals that have committed a $114.9 Trillion criminal act by not operating the U.S. Government fiscal policy with proper accrual accounting! The senior officials of the U.S. Government are common criminals because they are direct financial beneficiaries of this massive fraud! The corrupt and criminal U.S. Government is overpaying itself with imaginary-counterfeit money!
We have 535 criminals in the U.S. Congress and an untold number of criminals in the White House!
I have sent 14 whistleblower letters to the U.S. Securities and Exchange Commission, a whistleblower letter to every member of the U.S. Congress, and 9 whistleblower letters to each member of the U.S. Supreme Court so that all three branches of the U.S. Government would be informed of this massive fraud!
I have also sent over 200 Op-Eds to the “mainstream media” in an attempt to expose this massive fraud to the citizens of Planet Earth! None of these Op-Ed candidates have been published!
This massive fraud is explained in more detail in my Open Letter to US Government, my Open Letter to Planet Earth, and my Open Letter to US General Public!
I have presented specific fraud charges against the U.S. Government in my Fraud Charges against U.S. Government commentary!
I have also explained this fraud to the International Monetary Fund in my Open Letter to the International Monetary Fund commentary!
To eliminate this massive ($114.9 Trillion) fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.
|Cash Deficit in FY2018
|GAAP Deficit in FY2018
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org Sep 24, 2018
This fraud/Ponzi scheme (USAPonzi) is explained in much more detail on my websites www.usaponzi.net and www.usaponzi.com and in my books “USAPonzi” 11/22/15, “USAPonzi2” 5/1/17, “USAPonzi3” 2/1/18, and “USAPonziA” 9/1/18! Each of these books have updates that I made every few days until the next book was published. I have published 658 commentaries since March 29, 2013 in an attempt to explain and expose this massive U.S. Government fraud!
This is the biggest ($114.9 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.
John W. White