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

Whistleblower Letter #1 to Planet Earth-current
June 1, 2020


The U.S. Government is corrupt! The corrupt U.S. Goverment has fraudulently given the U.S. upper class $147.8 Trillion by lying to and cheating the U.S. general public!


The corrupt U.S. Government is committing a fiscal and accounting fraud that is causing global warming, causing the coronavirus pandemic, and causing the death of planet earth!


The corrupt U.S. Government 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! I call this money, imaginary-counterfeit money, because the U.S. Government pretends like (imagines) the future Americans can pay it someday, but the future Americans can never pay it so it is counterfeit


I am a Whistleblower! The U.S. Government is corrupt! The corrupt U.S. Government is committing a fiscal and accounting fraud by not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting)!


The corrupt U.S. Government is being run by common criminals
The corrupt U.S. Government has committed a $147.8 Trillion crime by borrowing $147.8 Trillion 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 $122.1 Trillion of future benefits and not accruing for these benefits!


The corrupt U.S. Government has enriched the U.S. upper class by $147.8 Trillion and cheated the U.S. General public out of $122.1 Trillion!


Does that seem like “the land of equal opportunity for all”?


Because the corrupt U.S. Government is not operating its fiscal policy with proper GAAP Accounting, it 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!


GAAP basis deficit spending by the U.S. Government prints imaginary-counterfeit money and gives it to the U.S. upper class by undertaxing them!


USAPonzi is enriching America, enriching the U.S. upper class, enriching the U.S. ruling class, cheating the U.S. general public, cheating the rest of the planet, causing social injustice, causing the wealth and income gap, causing global warming, causing the coronavirus pandemic, and destroying planet earth!


The U.S. upper class is getting richer, the U.S. economy is getting stronger, and the stock market is going higher because the corrupt U.S. Government is running a classic Ponzi scheme that is printing imaginary-counterfeit money and giving it to the U.S. upper class!


The corrupt U.S. Government is in the process of fraudulently borrowing an infinite amount, so far  $147.8 Trillion, of imaginary-counterfeit money from the future Americans and giving to the U.S. upper class by undertaxing them!


The corrupt U.S. Government is lying to and cheating the U.S. general public by promising future benefits to the U.S. general public but is not taxing the U.S. upper class enough to properly accrue the money to pay for these future benefit promises!


My May 1, 2020 Whistleblower letter to the U.S. Congress provides more insight into this accounting fraud that I have named USAPonzi (http://usaponzi.com/whistleblower-letter--5-to-congress-200501.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  $25.7 Trillion 
Cash Deficit in FY2020  $3.04 Trillion 
*GAAP Deficit in FY2020  >$21.7 Trillion 
US Unfunded Future Liabilities  $122.1 Trillion 
US Unfunded Liabilities (GAAP)  $147.8 Trillion 
Imaginary-Counterfeit Money  $147.8 Trillion 
US Total National Assets  $143.4 Trillion 

Source: www.usdebtclock.org June 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 >$21.7 Trillion (>$147.8T-$126.1T = >$21.7T).


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 seventh book on USAPonzi (USAPonziD) is available on AmazonAmazon has decided not to publish my eighth book (USAPonzE) since most of the content is available on my websites and in my earlier books. The reader can download my latest book (USAPonziE) most conveniently from my www.usaponzi.net website. 


John W. White
Plano, TX