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 US General Public-current
May 18, 2020

The U.S. Government is corrupt! The corrupt U.S. Government has fraudulently given the U.S. upper class $147.6 Trillion by lying to and cheating the U.S. general public!

The 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!

I am a
whistleblowerThe U.S. Government is corruptThe corrupt U.S. Government is promising U.S. Government benefits to the U.S. general public but is not taxing the U.S. upper class enough to pay for these benefit promises!

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) also called accrual accounting! Proper use of GAAP Accounting by the U.S. Government would accrue the money to pay for future benefits to the U.S. general public!

The corrupt U.S. Government is lying to and cheating the U.S. general public by promising U.S. Government benefits and not taxing the U.S. upper class enough to pay for these benefits!

The U.S. upper class has been enriched by $147.6 Trillion because they have been undertaxed by $147.6 Trillion and the U.S. general public has been cheated by $122.3 Trillion because their future benefits have been underfunded by $122.3 Trillion!

The corrupt U.S. Government has created a social injustice gap of $269.9 Trillion by enriching the U.S. upper class (by $147.6 Trillion) and cheating the U.S. general public (by $122.3 Trillion)!

The corrupt U.S. Government has been running a classic Ponzi scheme for the last 51 years, I call it USAPonzi, that is stealthily and fraudulently borrowing 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 with GAAP basis deficit spending!

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

My fourth whistleblower letter to the U.S. Congress provides more insight into this accounting fraud that I have named USAPonzi!


US National Debt  $25.3 Trillion 
Cash Deficit in FY2020  $2.79 Trillion 
*GAAP Deficit in FY2020  >$21.5 Trillion 
US Unfunded Future Liabilities  $122.3 Trillion 
US Unfunded Liabilities (GAAP)  $147.6 Trillion 
Imaginary-Counterfeit Money  $147.6 Trillion 
US Total National Assets  $143.8 Trillion 

Source: May 18, 2020
* has stopped explicitly reporting the GAAP Deficit. The GAAP Deficit is implicitly reported as the change in US Unfunded Liabilities (GAAP).

You can learn more about this Con Game/accounting fraud/Ponzi scheme by reading my websites and or my seventh book on USAPonzi “USAPonziD which is available on Amazon.

John W. White

Plano, TX