Whistleblower Letter #2 to the 116th U.S. Congress!
February 21, 2019
The following Whistleblower Letter was sent in a mass mailing, through FedEx Office, to each member of the U.S. Congress on February 21, 2019.
Letter to Congress as submitted to Fedex Office
Mailing List submitted to Fedex Office
Confirmation of Mailing on February 28, 2019
Congress Letter Envelope Sample
February 21, 2019 From: John W. White Plano, TX
Whistleblower Letter #2 to the 116th U.S. Congress
I am a whistleblower! This is my second whistleblower letter to each member of the U.S. Congress in an attempt to expose “USAPonzi: The Biggest Ponzi Scheme on the Planet”! The U.S. Government is blatantly and criminally committing fiscal and accounting fraud!
The U.S. Government is committing the biggest crime in the history of Planet Earth; a $122.7 Trillion crime! The U.S. Government has fraudulently borrowed $122.7 Trillion of counterfeit money from the future Americans and given it to the U.S. upper class!
The U.S. Government is committing a fiscal and accounting fraud by not operating its fiscal policy with proper accrual accounting! This accounting fraud was launched in FY1969 when President Lyndon Baines Johnson convinced the 90th U.S. Congress to adopt the Unified Budget but did not switch from cash accounting to accrual accounting! This accounting fraud has been operating for 49 years!
This fiscal and accounting fraud is in the process of
1) Giving infinite counterfeit wealth to the U.S. upper class by continuously and fraudulently borrowing counterfeit money from the future Americans and giving it to the U.S. upper class!
2) which is Causing infinite wealth and income inequality in America!
3) Underfunding U.S. Government benefit promises to the U.S. general public!
4) Overpaying the U.S. ruling class!
5) Allowing Americans to buy an infinite amount of stuff from the rest of the planet with an infinite amount of counterfeit money that is being continuously and fraudulently borrowed from the future Americans!
6) which is Causing Global Warming that is Destroying Planet Earth!
This accounting fraud is in the process of printing an infinite amount of counterfeit money and giving it to the U.S. upper class! So far, this accounting fraud has printed $122.7 Trillion of counterfeit money and is printing $16.7 Billion more counterfeit money every day!
This is my second whistleblower letter to each member of the U.S. Congress in an attempt to explain and expose this fiscal and accounting fraud that I have named USAPonzi! My first whistleblower letter to the 114th U.S. Congress was dated April 25, 2016 and can be found on my websites www.usaponzi.net and www.usaponzi.com or in the latest of my four books on this accounting fraud “USAPonziA”.
This fiscal and accounting fraud by the U.S. Government is a criminal act by the U.S. Government and each senior member of the U.S. Government is a common criminal because they are direct financial beneficiaries of this massive ($122.7 Trillion) accounting fraud!
The U.S. Government is committing a criminal act by operating its fiscal policy with an accounting fraud that is dramatically overpaying the U.S. ruling class, colossally enriching the U.S. upper class, colossally cheating the U.S. general public, colossally cheating the rest of the planet, and Destroying Planet Earth with Global Warming!
The fiscal policy of the U.S. Government is fraudulent because the U.S. Government is not properly accruing the money to pay future U.S. Government benefits! This fiscal policy is a classic Ponzi scheme that I have named USAPonzi! This Ponzi scheme is produced because the U.S. Government is not using the proper accounting system, GAAP Accounting (Generally Accepted Accounting Principles), and as a result is operating with a dramatically unbalanced budget as shown by the GAAP Deficit in FY2019 of $6.09 Trillion in the following table!
|Cash Deficit in FY2019
|GAAP Deficit in FY2019
|US Unfunded Future Liabilities
|| $100.7 Trillion
|US Unfunded Liabilities (GAAP)
|| $122.7 Trillion
Source: www.usdebtclock.org February 21, 2019
Because the U.S. Government is not operating its fiscal policy with GAAP Accounting, it is not assessing and collecting sufficient tax revenue to adequately fund the future liabilities for veteran benefits, pensions, and social benefit promises that the U.S. Government has made to the U.S. general public! These US Unfunded Future Liabilities now total $100.7 Trillion!
This Ponzi scheme has accumulated total US Unfunded Liabilities (GAAP), including the National Debt, of $122.7 Trillion and has introduced an equivalent amount of imaginary-counterfeit money into the global economy and financial system with this unreported but real GAAP basis deficit spending!
GAAP basis deficit spending by the U.S. Government digitally prints imaginary-counterfeit money and gives it to the U.S. upper class by undertaxing them! The 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! I call this money, imaginary-counterfeit money, because this money does not exist (imaginary) and has no value (counterfeit) because the future Americans can never pay it!
The U.S. upper class is getting richer and richer, by $122.7 Trillion so far, with money that the corrupt and criminal U.S. Government is continuously and fraudulently borrowing from the future Americans!
The current Americans, primarily the U.S. upper class, have fraudulently gained $122.7 Trillion of imaginary-counterfeit wealth because they have been undertaxed! The U.S. Government imagines that the future Americans can someday pay these deferred public liabilities but the future Americans can never pay these deferred public liabilities so this apparent wealth gain by the U.S. upper class is imaginary-counterfeit money!
This Ponzi scheme fiscal policy has dramatically overpaid the social benefit recipients, the U.S. Government employees, and the Government related businesses increasing our National Debt to $22.0 Trillion!
The undertaxing of the U.S. upper class by $122.7 Trillion is what is causing the “Wealth Gap”! Is it any wonder that the 1% club is doing quite well? The U.S. upper class is simply and fraudulently getting richer and richer with imaginary-counterfeit money that the U.S. Government is continuously and fraudulently borrowing from the future Americans!
This Ponzi scheme has significantly favored all Americans and within America has dramatically favored the U.S. ruling class and has colossally favored the U.S. upper class! A windfall gift of $122.7 Trillion of imaginary-counterfeit money (over the last 49 years) has to be considered colossal favoritism of the U.S. upper class!
This Ponzi scheme fiscal policy has also dramatically and artificially stimulated the U.S. and global economy with this massive GAAP basis deficit spending! The implosion of USAPonzi will cause a dramatic discontinuity in the global economy that will lead to a Global Depression that could be even more severe than “The Great Depression”! My analysis indicates that the current U.S. Total Financial Leverage (U.S. Total Liabilities as a percent of GDP) is 4.3X what it was in 1929 just prior to the start of “The Great Depression”!
USAPonzi is deferring massive and ever-increasing public liabilities to the future Americans to dramatically and artificially improve the lifestyle of current Americans and to dramatically and artificially increase the wealth of the U.S. upper class with imaginary-counterfeit money that is being fraudulently borrowed/stolen from future Americans!
USAPonzi, if allowed to continue, will transfer an infinite amount of imaginary-counterfeit money from the future Americans to the U.S. upper class while devastating the U.S. general public and all future Americans!
The U.S. general public cannot possibly compete with the U.S. upper class in the fantasy USAPonzi economy on a relatively fixed hourly/weekly/monthly income when the U.S. upper class is being given an unending and ever-increasing (infinite) amount of imaginary-counterfeit money by fraudulently borrowing it from future Americans!
Because this accounting fraud is in the process of printing an infinite amount of imaginary-counterfeit money, the entire planet is in the process of buying, building, renting, and operating an infinite number of environment-polluting physical objects which is causing Global Warming that is in the process of Destroying Planet Earth!
This accounting fraud 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!
You can learn more about this fraud/Ponzi scheme by reading my websites www.usaponzi.net and www.usaponzi.com or better yet by reading my fourth book on USAPonzi “USAPonziA” which is available on Amazon and also on my websites in Kindle and PDF formats.
This is the biggest ($122.7 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”!
John W. White