Van Taylor USAPonzi Briefing 200720
July 20, 2020
Emailed to The United Nations, Fed Chair Jay Powell, St Louis Fed President James Bullard, Minneapolis Fed President Neel Kashkari, Dallas Fed President Robert Kaplan, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, The U.S. SEC, and NYT/WSJ/WP/DMN/CNBC on 7/20/20.
The following is a briefing document that I used to directly inform Congressman Van Taylor that the corrupt U.S. Government is committing a fiscal and accounting fraud by operating its fiscal policy with Cash Accounting rather than proper GAAP Accounting. The corrupt U.S. Government is in the process of printing an infinite amount of counterfeit money and giving it to the U.S. upper class!
Van Taylor Briefing Document July 20, 2020
Financial information, in this briefing was sourced from www.usdebtclock.org as of July 7, 2020 except for the Whistleblower Letter to the U.S. Congress which was written May 1, 2020.
I presented this document to my Congressman Van Taylor in writing and in a short telephone call on July 20, 2020!
Who am I
My name is John W White.
I am a retired information technology executive and board member.
CIO Texas Instruments
President of Texas Instruments Information Technology Group
CIO Compaq Computer
Board Member and Advisory Board Member for numerous high-tech companies.
I am not an accountant; I am a mathematician and got my financial training on the job!
Purpose of this call
This may be the most important briefing that you will ever receive!
The reason I requested this meeting is to explain the fact that the U.S. Government is committing a fiscal and accounting fraud by not operating its fiscal policy according to proper and Generally Accepted Accounting Principles (GAAP Accounting) /accrual accounting.
The U.S. Government is promising benefits to the U.S. general public but is not accruing the money to pay for these benefit promises.
By not accruing for future benefits, the U.S. Government has undertaxed the U.S. upper class by $153.1 Trillion and underfunded the future benefit promises to the U.S. general public by $126.6 Trillion.
The U.S. Government, by not operating its fiscal policy with proper GAAP Accounting, is fraudulently enriching the U.S. upper class by $153.1 Trillion by undertaxing them and fraudulently cheating the U.S. general public by $126.6 Trillion by underfunding the future benefit promises.
The U.S. Government is enriching the rich and cheating the unrich by not operating the U.S. Government fiscal policy with proper GAAP Accounting.
The U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!
This accounting fraud is enriching the U.S. upper class!
This accounting fraud is enriching the U.S. ruling class!
This accounting fraud is cheating the U.S. general public!
This accounting fraud is cheating the rest of the planet!
This accounting fraud is filling up planet earth with cars, boats, airplanes, houses, condos, apartments, etc. etc.! The U.S. Government has fraudulently borrowed $153.1 Trillion from the future Americans so the current Americans can buy things now and charge them to the future Americans!
This accounting fraud is allowing Amazon to sell an infinite amount of stuff!
This accounting fraud is allowing Apple to sell an infinite number of iPhones!
This accounting fraud is allowing Tesla to sell an infinite number of cars!
This accounting fraud is allowing Boeing to sell an infinite number of airplanes!
This accounting fraud is allowing the U.S. upper class to build mansions and mega-mansions!
This accounting fraud is causing Global Warming!
This accounting fraud has caused the Coronavirus Pandemic!
This accounting fraud is promoting White Supremacy!
This accounting fraud is setting the stage for “The Greatest Depression”!
This accounting fraud is destroying Planet Earth!
I have written two websites (usaponzi.net and usaponzi.com) and eight books that attempt to explain and expose this accounting fraud!
My seventh book (USAPonziD) and my eighth book (USAPonziE) are available on Amazon in e-book and paperback formats!
I have written numerous Whistleblower Letters to you, the SEC, the US Congress, the US Supreme Court, the FED, the FBI, and the US Global Change Research Program to explain and expose this accounting fraud!
I am attaching three Whistleblower letters that further explain this accounting fraud!
Whistleblower Letter #1 to Planet Earth as of July 7, 2020.
Whistleblower Letter #1 to the U.S. General Public as of July 7, 2020.
Whistleblower Letter #5 to the U.S. Congress.
When this fraud is exposed
The stock market will crash!
The real estate market will crash!
Most bonds will be worthless!
Most banks will fail!
Most businesses will fail!
Basically, no one will have any money!
We will experience “The Greatest Depression” which will be 5X as bad as “The Great Depression”!
Civil unrest will become routine!
Rioting and looting will be rampant!
This could lead to a “shooting war” and a second “American Revolution”!
This accounting fraud is causing the wealth and income gap and the U.S. general public will not be happy to find out that the U.S. Government has been enriching the U.S. upper class and the U.S. ruling class by cheating the U.S. general public for the last 51 years.
The U.S. general public distrusts the U.S. Government today and the exposure of this accounting fraud will only confirm the fact that the U.S. Government is not to be trusted.
The U.S. general public will then understand why the upper class is living an opulent lifestyle when tens of millions of the general public were immediately out of a job and many had to go to food lines when the Coronavirus Pandemic interrupted/suspended this Ponzi scheme!
The U.S. upper class appears to be gaining infinite wealth while the U.S. general public is teetering on brink of economic disaster.
The U.S. general public is going to be “mad as hell” when they find out about this accounting fraud!
The unrich are being cheated to enrich the rich!
Essentially all of the predictions made in this briefing document are
baked in the cake!
The U.S. Government needs to quickly understand this accounting fraud so that it can take action to mitigate the oncoming economic, financial, and social crisis that this accounting fraud will cause!
John W White