USAPonzi-The Great American Con Game-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 perpetrating a Con Game by promising U.S. Government benefits to the U.S. general public but not taxing the U.S. upper class enough to pay for these benefit promises!
The corrupt U.S. Government is making benefit promises to the U.S. general public that are unaffordable and unfunded and for which it has no intention or financial capability to keep so that it can enrich the U.S. upper class and the U.S. ruling class! This Con Game 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!
So far, this Con Game has given the U.S. upper class $154.7 Trillion of imaginary-counterfeit money because the U.S. upper class has been undertaxed by $154.7 Trillion (US Unfunded Liabilities (GAAP))! The current Americans, primarily the U.S. upper class, now have an estimated private net worth (US Total National Assets) of $124.5 Trillion because the U.S. Government has fraudulently deferred $154.7 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans!
This Con Game was started by a democrat scoundrel, Lyndon Baines Johnson, in FY1969 by convincing the U.S. Congress to adopt the “Unified Budget” and it will likely be exposed during the presidency of a republican scoundrel, Donald J. Trump, who is now attempting to exploit this Con Game for his own political and economic gain!
Con Game is slang for con'fidence game!
A swindle in which the swindler, after gaining the victim's confidence, robs the victim by cheating at a gambling game, appropriating funds entrusted for investment, or the like.
This U.S. Government Con Game is simply stated as follows:
The U.S. Government (the swindler) promises and pays U.S. Government benefits to the U.S. general public (the victim/the swindled) but does not tax the U.S. upper class (the accomplices) enough to pay for these benefit promises. The U.S. upper class gets rich because they are being undertaxed, and the U.S. general public gets screwed because their benefit promises are being underfunded!
This Con Game is a classic Ponzi scheme, which I have named USAPonzi, wherein the early and informed participants get rich and the late and uninformed participants get hoodwinked and screwed! This Ponzi scheme is in the process of fraudulently borrowing an infinite amount of money, I call it imaginary-counterfeit money, from the future Americans and giving it to the U.S. upper class with GAAP basis deficit spending!
The corrupt U.S. Government attempts to conceal this Con Game by assessing and reporting its financial condition with Cash Accounting rather than proper GAAP Accounting! The U.S. Government is committing a fiscal and accounting fraud!
The U.S. Government is operating a Con Game, an accounting fraud, a Ponzi scheme, and a criminal activity! Other than that, we have a bunch of honest, upright citizens running the U.S. Government!
GAAP basis deficit spending by the U.S. Government prints imaginary-counterfeit money and gives it to the U.S. upper class!
The corrupt U.S. Government has rigged the system to enrich the rich and cheat the unrich by committing a fiscal and accounting fraud!
This Con Game is now, by far, the largest crime ever committed ($154.7 Trillion) and every senior member of the U.S. Government should be or should have been impeached, removed from office, and imprisoned for their part in this Con Game!
This Con Game, in my opinion, meets and exceeds the impeachment criteria of “high crimes and misdemeanors” and rises to the level of “high crimes and felonies”!
I contend that most people in the U.S. Government realize that they are a party to a Con Game but I also contend that most people in the U.S. Government are unaware of the devastating impact this Con Game is having on planet earth!
This Con Game is causing dramatic global social discord, is causing dramatic global social injustice, and is causing irreparable physical damage to planet earth!
This Con Game has dramatically elevated the status of America relative to the rest of the planet! This has produced conflict between America and the rest of the planet because many outside of America resent the fraudulent opulence this Con Game has given Americans!
This Con Game has dramatically elevated the status of the global upper class relative to the global general public! This too has produced social discord and social injustice between the upper class and the general public not only in America but in many countries throughout the planet!
This Con Game is in the process of destroying planet earth by printing an infinite amount of imaginary-counterfeit money that the planet is using to fill up planet earth with an infinite number of environment-polluting physical objects that are causing global warming which is causing the Death of Planet Earth!
This Con Game 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!
Unfortunately, it may be too late to save planet earth!
This $154.7 Trillion Con Game is promising to pay U.S. Government benefits to the U.S. general public we cannot afford with money we do not have!
This $154.7 Trillion Con Game has built the biggest military arsenal the planet has ever seen but cannot afford with money we do not have!
This $154.7 Trillion Con Game is allowing Americans to build and buy an infinite number of things we cannot afford with money we do not have!
This $154.7 Trillion Con Game has created massive phantom wealth for the U.S. upper class with money we do not have!
The corrupt U.S. Government is pretending like we can pay for all of these financial commitments simply by borrowing an infinite amount of money from the future Americans that the future Americans do not have!
My whistleblower letters to the U.S. Congress and the United Nations provide more insight into this Con Game/accounting fraud/Ponzi scheme that I have named USAPonzi!
Whistleblower Letter #5 to the U.S. Congress 200501
Whistleblower Letter #1 to the United Nations 191203
|US National Debt
|Cash Deficit in FY2020
|*GAAP Deficit in FY2020
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP))
|US Total National Assets
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