The Biggest Ponzi Scheme on the Planet-The U.S. Government
"American Economic Exceptionalism Explained"  USAPonzi    Copyright Declaration     by John W. White   Mar 29, 2013

Whistleblower Letter #1 to Planet Earth-current
November 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 $155.3 Trillion crime by borrowing $155.3 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and giving it to the U.S. upper class!


The corrupt U.S. Government is lying to and cheating the U.S. general public by promising them U.S. Government benefits but is not taxing the U.S. upper class enough to pay for these benefits! The corrupt U.S. Government should be operating its fiscal policy with GAAP Accounting, also called accrual accounting, to properly accrue the money to pay for future U.S. Government benefits!


The U.S. upper class is getting rich because they are being undertaxed and the U.S. general public is getting cheated because the corrupt U.S. Government is falsely promising benefits that it is not properly funding!


The corrupt U.S. Government has fraudulently given the U.S. upper class $155.3 Trillion by undertaxing them and has cheated the U.S. general public by $128.1 Trillion by underfunding the future benefit promises! The corrupt U.S. Government has fraudulently borrowed $155.3 Trillion from the future Americans, money the future Americans do not have, and given it to the U.S. upper class!


The corrupt U.S. Government has magically and fraudulently created $155.3 Trillion out of “thin air”, I call it imaginary-counterfeit money, by borrowing it from the future Americans and giving it to the U.S. upper class by undertaxing them! The corrupt U.S. Government is now cheating the rest of the planet by spending this imaginary-counterfeit money, so far $155.3 Trillion, to buy things and charge them to the future Americans!


The corrupt U.S. Government is committing the biggest crime in the history of the planet, a $155.3 Trillion crime, and the entire planet is letting them get off “scot-free”! The corrupt U.S. Government is printing an infinite stream of imaginary-counterfeit money in “plain sight” and giving it to their U.S. upper-class friends!


The corrupt U.S. Government is lying to and cheating the rest of the planet by printing imaginary-counterfeit money so Americans, especially the U.S. upper class, can buy stuff without paying for it!


The corrupt U.S. Government has been running a classic Ponzi scheme for the last 51 years, I call it USAPonzi, that is in the process of borrowing an infinite amount of money, I call it imaginary-counterfeit money, from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!


I call this fraudulently borrowed money (imaginary-counterfeit money) because the corrupt U.S. Government pretends like (imagines) that the future Americans will be able to pay it someday, but the future Americans can never pay it so it is (counterfeit).


One of the most obvious problems that this accounting fraud is causing is social injustice between the U.S. upper class and the U.S. general public! The corrupt U.S. Government has printed $155.3 Trillion of imaginary-counterfeit money and given it to the U.S. upper class by underfunding the future benefit promises to the U.S. general public by $128.1 Trillion! This has produced a social injustice gap between U.S. upper class and the U.S. general public of $283.4 Trillion!


The corrupt U.S. Government is enriching the rich and cheating the unrich!


Another obvious problem caused by this accounting fraud is that the corrupt U.S. Government is printing an infinite supply of imaginary-counterfeit money so that Americans, primarily the U.S. upper class, can buy everything under the sun without paying for any of it!


But there are other more subtle and even more serious problems that this accounting fraud is causing, like:


Causing Global Warming!


Causing the Coronavirus Pandemic!


Promoting White Supremacy!


Setting the stage for The Greatest Depression!


Destroying Planet Earth!

 

My Whistleblower letter #6 to the U.S. Congress provides more insight into this accounting fraud that I have named USAPonzi!
(http://www.usaponzi.com/whistleblower-letter--6-to-congress-201005.html)!


My August 19, 2019 commentary Death of Planet Earth presents my prediction as to what will happen when USAPonzi implodes (http://usaponzi.com/death-of-planet-earth.html)!



US National Debt  $27.2 Trillion 
Cash Deficit in FY2021  $3.18 Trillion 
*GAAP Deficit in FY2021  $7.30 Trillion 
US Unfunded Future Liabilities  $128.1 Trillion 
US Unfunded Liabilities (GAAP)  $155.3 Trillion 
Imaginary-Counterfeit Money  $155.3 Trillion 
US Total National Assets  $155.5 Trillion 

Source: www.usdebtclock.org November 1, 2020
*GAAP Deficit-current


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
Plano, TX