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U.S. Government Accounting Fraud that I call USAPonzi!
Mayor of Dallas Mike Rawlings
My name is John W White and I am a retired information technology executive living in Plano, Texas.
I am writing you to inform you of a crisis of epic proportions that is about to hit planet earth. I do not make that statement lightly or frivolously because this problem is affecting people in all parts of the planet.
The problem is that the U.S. Government is corrupt because it is not using the proper accounting system. The U.S. Government is operating its fiscal policy with Cash Accounting rather than proper GAAP Accounting.
As a result, the U.S. Government is printing counterfeit money and giving it to the U.S. upper class.
GAAP basis deficit spending by the U.S. Government prints counterfeit money and gives it to the U.S. upper class.
The U.S. Government has given the U.S. upper class $115.2 Trillion of counterfeit money!
This fraud has produced a massive ($115.2 Trillion) Ponzi scheme that is borrowing money from the future Americans, money the future Americans do not have, and giving it to the current Americans, primarily to the U.S. upper class!
The upper class is getting rich and the lower classes are getting cheated and poorer!
This problem is causing serious distortions to the global economy and is bifurcating the U.S. population into the haves and the have nots!
This fraud is causing us to buy and build things that we cannot afford.
Specifically, for the City of Dallas it is causing us to build high rise buildings all over down town that the economy cannot support. Many of these tall buildings will be ghost towers when the accounting fraud is exposed.
WhiteJohn Thu 10/18/2018 10:10 AM
To:Mike Rawlings <[email protected]>;
Cc:James Moroney <[email protected]>; Grant Moise <[email protected]>; Keith Campbell <[email protected]>; John White <[email protected]>;
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I am writing to you because I have not been able to explain this problem to anyone in a position of power that is willing to expose what is now a $115.2 Trillion fraud that is being perpetrated by the U.S. Government.
I have sent 14 whistleblower letters to the SEC, a letter to every member of Congress, 9 letters to every member of the Supreme Court, and hundreds of Op-Eds to the New York Times, the Wall Street Journal, the Washington Post, and the Dallas Morning News. I have published two websites and 4 books that explain and expose this problem but nobody wants to listen because the exposure of this fraud will create massive chaos in the global economy and financial system.
I have spent the last six years trying to inform the general public about this U.S. Government accounting fraud.
One of the things this fraud has done is make Saudi Arabia appear to be outrageously wealthy because we are buying their oil with $115.2 Trillion of counterfeit money.
Another thing this fraud has done is make Amazon a super prosperous company and make Jeff Bezos a centi-billionaire. Amazon is planning to build HQ2 because of this fraud. Dallas should realize that the building of Amazon HQ2, if it really happens, will just be another ghost complex that cannot be properly used after this fraud is exposed!
We are buying stuff from Amazon with $115.2 Trillion of counterfeit money that this fraud has created out of thin air.
Amazon, as we currently know it, will go out of business when this fraud is exposed.
The U.S. stock market has been going up for 49 years because of this fraud.
We are building bigger and bigger houses that we cannot afford because of this fraud.
We are creating massive traffic jams because we are buying a ton of cars with $115.2 Trillion of counterfeit money!
American Airlines is buying and operating hundreds of airplanes because we are flying on the airplanes with $115.2 Trillion of counterfeit money because of this fraud!
However, every day that this fraud continues we will be making massive mistakes about how our economy is operating. We are buying and building a lot of stuff that we cannot productively use in the long run!
I am including one of my commentaries that attempts to explain this fraud in just a few pages.
Open Letter to US GovernmentOctober 18, 2018
This in an open letter to the U.S. Government that explains how the U.S. Government is committing a fiscal and accounting fraud that is dramatically enriching the U.S. ruling
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class, colossally enriching the U.S. upper class, colossally cheating the U.S. general public, and colossally cheating the rest of the planet!
This fiscal and accounting fraud is borrowing an unending and ever-increasing stream of 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 fraud is in the process of giving infinite counterfeit wealth to the U.S. upper class, is causing the stock market to continually go up, and is causing the U.S. and global economy to appear to get stronger and stronger!
The U.S. Government is “Cooking the Books” so that it can enrich the U.S. upper class by $115.2 Trillion and cheat the U.S. general public by $93.6 Trillion!
The U.S. Government is corrupt!
The U.S. Government is committing a fiscal and accounting fraud!
The U.S. Government is not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting)!
The U.S. Government is promising future benefits to the U.S. general public but is not properly accruing the money to pay for these future benefit promises!
Because the U.S. Government is not properly accruing for these benefit promises, the U.S. Government is deferring public liabilities to the future Americans and undertaxing the U.S. upper class!
To date, the U.S. Government has deferred $115.2 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans and has undertaxed the U.S. upper class by $115.2 Trillion!
The U.S. Government has fraudulently given the U.S. upper class $115.2 Trillion of counterfeit money because the future Americans can never pay these public liabilities!
The U.S. Government has promised the U.S. general public government benefits that it cannot pay because these promises have been underfunded by $93.6 Trillion (US Unfunded Future Liabilities)!
The U.S. Government is operating its fiscal policy with Cash Accounting rather than the proper GAAP Accounting! This means that the U.S. Government is not properly accruing for the future benefit promises to the U.S. general public and is therefore dramatically undertaxing the U.S. upper class to fraudulently and dramatically enrich the U.S. upper class!
This is a classic Ponzi scheme, I call it USAPonzi, that is borrowing monopoly money, $115.2 Trillion so far, from the future Americans, money the future Americans do not have, and giving it to the current Americans, primarily to the U.S. upper class by undertaxing them! This is fraud because the future Americans cannot pay $115.2 Trillion of public
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liabilities!
Because of this fraud, the U.S. upper class has been fraudulently enriched by $115.2 Trillion (US Unfunded Liabilities (GAAP)), the U.S. ruling class has been fraudulentlyoverpaid by $21.6 Trillion (National Debt), and the U.S. general public has been cheated out of $93.6 Trillion (US Unfunded Future Liabilities) of future benefit promises that can never be paid because they have not been properly funded!
This fraud is causing severe distortion in the global economy in addition to this outrageous social injustice of enriching the U.S. upper class by $115.2 Trillion and cheating the U.S. general public out of $93.6 Trillion of promised benefits!
I call this monopoly money imaginary-counterfeit money because this money does not exist (imaginary) and has no value (counterfeit)! The U.S. Government is fraudulentlyborrowing monopoly money from the future Americans, money that the future Americansdo not have, and giving it to the U.S. upper class!
We are fraudulently filling the planet with cars, airplanes, ships, houses, condos, apartments, banks, restaurants, cities, airports, cell phones, and many other physical objects that have been built, bought, and rented with the $115.2 Trillion of monopoly money that the U.S. Government has fraudulently borrowed from the future Americans! Many of these assets will not be productively used when this fraud is exposed!
This fraud has fraudulently borrowed $115.2 Trillion of monopoly money from the future Americans so the current Americans can buy stuff without paying for it!
This fraud is in the process of borrowing an infinite amount of imaginary-counterfeit moneyfrom the future Americans so the current Americans can fraudulently buy an infinite amount of stuff! This is why the U.S. upper class is getting richer and richer, the stock market is going higher and higher, and the economy is getting stronger and stronger!
The U.S. Government is fraudulently printing imaginary-counterfeit money with GAAP basis deficit spending and giving it to the U.S. upper class by undertaxing them!
We are buying premium coffee with this monopoly money so Starbucks has built 26,000 Starbucks stores that we really do not need because we really can't afford this premium coffee! We are buying this premium coffee with $115.2 Trillion of monopoly money that the U.S. Government has fraudulently borrowed from the future Americans, money the future Americans do not have! Almost all of these Starbucks stores will be ghost stores when this fraud is exposed!
We have built 93,000 banks to manage this $115.2 Trillion of monopoly money that the U.S. Government has fraudulently borrowed from the future Americans! That is why we seem to have a bank nearly any place you look in major cities! We have built 93,000 real banks to manage the bank deposits from this $115.2 Trillion of counterfeit money! Most of these banks will be ghost banks when this fraud is exposed!
We are filling our roads with so many cars that we are having severe traffic jams! We are buying these cars with $115.2 Trillion of monopoly money that the U.S. Government has
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fraudulently borrowed from the future Americans! We will have a lot of cars sitting on cinder blocks when this fraud is exposed!
We are filling our skies with airplanes that have been built because people are buying tickets for flights on these airplanes with the $115.2 Trillion of monopoly money that the U.S. Government has fraudulently borrowed from the future Americans, money that the future Americans do not have! We will have a lot of airplanes sitting in airplane graveyards when this fraud is exposed!
We are filling our cities and country sides with houses, mansions, condos, and apartments that have been bought, built, and rented with the $115.2 Trillion of monopoly money that the U.S. Government has fraudulently borrowed from the future Americans! Many of these houses, mansions, condos, and apartments will be unoccupied when this fraud is exposed!
The people in the Middle East have built some of the tallest skyscrapers on the planet that have been built with the oil money that they have earned because the U.S. Government has fraudulently borrowed $115.2 Trillion of monopoly money from the future Americans so the current Americans can pay outrageous prices for their oil! Most of these skyscrapers will be ghost towers when this fraud is exposed!
The U.S. Government is buying guns and bombs with $115.2 Trillion of monopoly moneythat the U.S. Government has fraudulently borrowed from the future Americans! Americahas produced the most powerful military capability ever assembled because of this accounting fraud! The dominant financial, economic, political, and military position that America has assumed over Planet Earth because of this accounting fraud will be dramatically diminished when this fraud is exposed!
We are paying our athletes and entertainers $Millions a year because the U.S. Governmenthas fraudulently borrowed $115.2 Trillion of monopoly money from the future Americansso that we can pay outrageous prices for event tickets and TV subscriptions to watch them perform! Most of these athletes and entertainers will be making $Thousands rather than $Millions when this fraud is exposed!
We are giving nearly everybody on Planet Earth a cell phone because the U.S. Governmenthas fraudulently borrowed $115.2 Trillion of monopoly money from the future Americansand given it to the U.S. upper class! Most of the users of these cell phones will not be able to afford the monthly bill for their cell phones when this fraud is exposed!
This fraud has built the city of Las Vegas (which will become a ghost city) and ghost citiesand ghost airports in China!
This fraud has allowed Google, Facebook, Apple, Netflix, Amazon, Tesla, and many other companies to appear to be worth tens and hundreds of billions because we are buying their products and services with $115.2 Trillion of monopoly money that the U.S. Governmenthas fraudulently borrowed from the future Americans!
Apple is now worth a Trillion monopoly dollars because of this accounting fraud! The U.S. Government has fraudulently borrowed $115.2 Trillion of monopoly money from the future Americans so people all over the planet can buy a cell phone!
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Amazon appears to be a miracle company because the U.S. Government is fraudulently borrowing an endless stream of monopoly money from the future Americans so the current Americans can buy an endless stream of stuff from Amazon!
Amazon is searching for a second headquarters that it does not need because Amazon, as we currently know it, will go out of business when this accounting fraud is properly exposed!
The global stock market could fall by 80-85% or more when this fraud is exposed because 77% of Total National Assets of $149.4 Trillion is imaginary-counterfeit money ($115.2 Trillion) that the U.S. Government has fraudulently borrowed from the future Americans($115.2T/$149.4T = 0.77)!
This imaginary-counterfeit money, currently $115.2 Trillion, will evaporate into the “thin air” from whence it came when this fraud is properly exposed!
We have got to stop this U.S. Government fraud to minimize the damage that is being done to Planet Earth by this accounting fraud!
We have got to stop this U.S. Government fraud to give the common man and the rest of the planet a chance to economically compete with the U.S. upper class that is now being given an infinite amount of monopoly money because of this accounting fraud!
The U.S. Government is “Cooking the Books” to create imaginary-counterfeit money out of “thin air” and give it to the U.S. upper class! I call this unending and ever-increasing pool of imaginary-counterfeit money The Oswald Financial Bubble since this fraud was caused by Lee Harvey Oswald shooting John Fitzgerald Kennedy!
The U.S. Government is printing imaginary-counterfeit money with GAAP basis deficit spending at the current rate of $16.6 Billion a day (GAAP Deficit in FY2018 = $6.05T/365 days = $16.6B/day)!
The U.S. Government is corrupt!
The senior officials of the U.S. Government are common criminals that have committed a $115.2 Trillion criminal act by not operating its fiscal policy with proper accrual accounting! The senior officials of the U.S. Government are common criminals because they are direct financial beneficiaries of this massive fraud! The corrupt and criminal U.S. Government is overpaying itself with imaginary-counterfeit money!
We have 535 criminals in the U.S. Congress and an untold number of criminals in the White House!
I have sent 14 whistleblower letters to the U.S. Securities and Exchange Commission, a whistleblower letter to every member of the U.S. Congress, and 9 whistleblower letters to
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each member of the U.S. Supreme Court so that all three branches of the U.S. Governmentwould be informed of this massive fraud!
I have also sent over 200 Op-Eds to the “mainstream media” in an attempt to expose this massive fraud to the citizens of Planet Earth! None of these Op-Ed candidates have been published!
This massive fraud is explained in more detail in my Open Letter to Planet Earth and my Open Letter to US General Public!
I have presented specific fraud charges against the U.S. Government in my Fraud Charges against US Government commentary!
To eliminate this massive fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget. GAAP Accounting (Generally Accepted Accounting Principles) is the commonly used name in America for the accounting guidelines for accrual accounting.
National Debt $21.6 Trillion
Cash Deficit in FY2018 $0.92 Trillion
GAAP Deficit in FY2018 $6.05 Trillion
US Unfunded Future Liabilities $93.6 Trillion
US Unfunded Liabilities (GAAP) $115.2 Trillion
Imaginary-Counterfeit Money $115.2 Trillion
Total National Assets $149.4 Trillion
Source: www.usdebtclock.org
U.S. National Debt Clock : Real Timewww.usdebtclock.org
US National Debt Clock : Real Time U.S. National Debt Clock
Oct 18, 2018
This fraud/Ponzi scheme (USAPonzi) is explained in much more detail on my websites www.usaponzi.net
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Home [usaponzi.net]www.usaponzi.net
This fraud is a classic Ponzi scheme, I call it USAPonzi, that is borrowing monopoly money from the future Americans and giving it to the current Americans. This fraud is creating monopoly money out of "thin air" by deferring public liabilities to the future Americans. This fraud has falsely and fraudulently given the United States of America the dominant position on the Planet; financially ...
and www.usaponzi.com
USAPonzi creates deficit, debt, unfunded liabilities, and ...www.usaponzi.com
Inform the U.S. citizens that the Government's Fiscal Policy is a Ponzi scheme (USAPonzi). The U.S. Government is over spending, over committing, and under taxing which is causing massive GAAP basis deficit spending and creating debt($21.2T), unfunded liabilities($92.8T), and counterfeit money($114.0T).
and in my books “USAPonzi” 11/22/15, “USAPonzi2” 5/1/17, “USAPonzi3” 2/1/18, and “USAPonziA” 9/1/18! Each of these books have updates that I made every few days until the next book was published. I have published over 658 commentaries since March 29, 2013 in an attempt to explain and expose this U.S. Government fraud!
This is the biggest ($115.2 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.
John W WhitePlano, TX
John W White214-762-1678@[email protected]
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"Hope is wishing something would happen.
Faith is believing something will happen.
Courage is making something happen."
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