Amazon buy-now pay-later Insanity 210907
September 7, 2021
Emailed to United Nations, Fed Chair Jay Powell, Minneapolis Fed President Neel Kashkari, Dallas Fed President Robert Kaplan, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, The U.S. SEC, NYT/WSJ/WP/CNBC/DMN on 9/7/21
Amazon is now planning to offer an Insane “buy-now pay-later” payment option to be superimposed on its Grossly-Insane “buy-now pay-never” business model!
Amazon is selling a lot of stuff because the corrupt U.S. Government is borrowing an infinite amount of counterfeit money from the future Americans and giving it to the U.S. upper class so the current Americans can buy an infinite amount of stuff, charge it to the future Americans, and never have to pay for any of it!
Amazon will go “out of business” when this “con game” is exposed!
The New York Times
Amazon strikes a deal with Affirm, the buy-now pay-later provider.
By Tara Siegel Bernard
Published Aug. 27, 2021
Amazon customers will soon have another payment option at checkout.
Affirm, a so-called buy now, pay later payment provider that allows customers to pay for their purchases in installments, said on Friday that it had reached a deal with the online retail giant.
Affirm said Amazon customers would be able to use its service on purchases of $50 or more — including items like furniture, home goods, electronics and fashion — and pay in monthly installments. Once approved, customers will be able to see the total purchase price upfront — and they won’t be charged any late or hidden fees, the company said.
The service is being tested with select customers now, Affirm said, and will become more broadly available to shoppers in the coming months. Certain purchases, including those from Whole Foods Market, Amazon Fresh and certain digital purchases like movies and books, will not be eligible, according to Affirm.
“Amazon is always looking to add flexible payment options,” an Amazon spokeswoman said, “and Affirm does just that by offering transparent pay-over-time solutions that customers can choose based on their needs.”
The Amazon business model is based on a U.S. Government fiscal and accounting fraud, I call it USAPonzi, that is in the process of borrowing money, I call it imaginary-counterfeit money, from the future Americans and giving it to the U.S. upper class by undertaxing them! Americans have been buying stuff from with this “buy-now pay-never” business model since the day Jeff Bezos started Amazon!
We have yet to pay for anything that we have ever bought from Amazon, we have just put the charges on the credit card of the future Americans! The problem with this business model is that we have to wait for the corrupt U.S. Government to borrow the money from the future Americans before we can buy stuff from Amazon!
This “buy-now pay-later” model eliminates that wait time but with either purchase and payment option the future Americans still get the bill!
This “buy-now pay-later” payment model is Insane!
But the Amazon “buy-now pay-never” business model is Grossly Insane! The corrupt U.S. Government has fraudulently borrowed $156.3 Trillion from the future Americans so the current Americans can buy stuff from Amazon and never have to pay for any of it! But Amazon thinks they can sell even more stuff if they have an option to sell stuff even before the buyer has his imaginary-counterfeit money and possibly even before the corrupt U.S. Government borrows the monopoly money from the future Americans so the current Americans can buy stuff from Amazon and charge it to the future Americans!
This is fraud because the future Americans do not have the $156.3 Trillion to pay for the stuff that we are buying from Amazon! And with the “buy-now pay-later” option, Amazon and Affirm can both make more imaginary-counterfeit money by charging a highly concealed and lucrative finance fee while the buyer earns the imaginary-counterfeit money to buy item before the corrupt U.S. Government borrows the imaginary-counterfeit money from the future Americans to charge the item to the future Americans!
The corrupt U.S. Government is not operating its fiscal policy with proper accrual accounting (GAAP Accounting) and as a result is running a classic Ponzi scheme, I call it USAPonzi, that is in the process of printing an infinite amount of counterfeit money, I call it imaginary-counterfeit money, by fraudulently borrowing it from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!
The following chart gives a graphical projection of how the corrupt U.S. Government, with the current Ponzi scheme fiscal policy, could fraudulently borrow over a Quadrillion dollars (a thousand Trillion dollars) of imaginary-counterfeit money from the future Americans by 2041 and give it to the U.S. upper class so Planet Earth can buy a whole-hell-of-a-lot-more stuff from Amazon with a Quadrillion dollars of imaginary-counterfeit money!
Amazon, as we currently know it, will go out of business when USAPonzi implodes, because this imaginary-counterfeit money will evaporate and the current Americans will have to start buying stuff from Amazon with real earned income! Many, maybe even most, Americans are living on this imaginary-counterfeit money that the corrupt U.S. Government is fraudulently borrowing from the future Americans so when this “con game” is exposed, Amazon's business will drop to essentially ZERO and Amazon's market cap will be essentially ZERO!
The fools on Wall Street have been fooled by the criminals in Washington! The fools on Wall Street apparently do not realize that the corrupt U.S. Government is “cooking the books” so Amazon can sell in infinite amount of stuff and the buyers never have to pay for any of the stuff! The Amazon market cap will go to infinity if this Ponzi scheme is allowed to continue!
In the defense of Wall Street, the corrupt U.S. Government may have fooled itself! We do not yet know if the people in the U.S. Government are accidental fools or intentional criminals! I suggest that we have some of each but they are all criminals whether they know it or not!
|US National Debt
|Cash Deficit in FY2021
|GAAP Deficit in FY2021
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|US Total National Assets
Source: www.usdebtclock.org September 7, 2021
I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain USAPonzi and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can be downloaded from my websites in pdf format.
My commentary Fed-Asleep At The Switch 210901 gives a summary of the issues that this Ponzi scheme/accounting fraud is causing!
John W. White