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

Apple Debacle-30% iPhone Increase in 2021 201218
December 18, 2020
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 12/18/20



If the media reports are correct, Apple is about to initiate a manufacturing debacle!


Debacle

a sudden and ignominious failure; a fiasco.

 

Motley Fool
Report: Apple to Increase iPhone Production by Nearly 30% in 2021
The coronavirus pandemic has led to a surge in demand for recent-model handsets.
Eric Volkman(TMFVolkman)
Dec 15, 2020 at 9:30PM

We'll see many more of Apple's (NASDAQ:AAPL) iPhones next year, since the company apparently plans to ramp up their production.


On Tuesday, Nikkei Asia reported that the powerful tech company aims to manufacture as many as 96 million of its signature phones in the first half of next year. It cited "multiple people familiar with the matter" as sources. If their number is accurate, it would represent a year-over-year production increase of almost 30%.


This production increase by Apple appears to be a reasonable plan because we have incompetent and corrupt management in Washington that is printing counterfeit money so America, and the entire planet, can buy a lot of iPhones from Apple! We also have incompetent management at Apple because they have not been able to see through the corruption in Washington that is causing them to plan this manufacturing debacle


The corrupt U.S. Government is committing a fiscal and accounting fraud, I call it USAPonzi, that is printing counterfeit money, I call it imaginary-counterfeit money, by borrowing it from the future Americans so we can build and buy stuff without having to pay for it!


Even as people are losing their jobs and having to go to food lines, the corrupt U.S. Government is borrowing more and more money from the future Americans so we can buy iPhones, cars, airplanes, houses, airports, cities, etc. etc. etc. and charge them to the future Americans!


The corrupt U.S. Government has been doing this for 52 years so essentially all of the iPhones that have ever been built have been purchased with imaginary-counterfeit money that the corrupt U.S. Government has fraudulently borrowed from the future Americans!


So far, the corrupt U.S. Government has printed $156.2 Trillion of imaginary-counterfeit money so we can buy a lot of iPhones! In FY2021, the corrupt U.S. Government is projected to print another $6.71 Trillion of imaginary-counterfeit money so we can buy the bigger and better iPhones!


When this U.S. Government accounting fraud is finally exposed, I predict that will happen next year, Apple will have a lot of fancy new iPhones sitting in warehouses and on cargo ships that we cannot afford to buy! 


96 million useless and unaffordable iPhones is a lot of useless and unaffordable iPhones!


The corrupt U.S. Government is in the process of printing an infinite amount of imaginary-counterfeit money so Apple can build and we can buy an infinite number of iPhones!


The corrupt U.S. Government is in the process of printing an infinite amount of imaginary-counterfeit money so we can buy and build an infinite number of smartphones, cars, airplanes, houses, airports, cities, etc. etc. etc.!


The corrupt U.S. Government is in the process of printing an infinite amount of imaginary-counterfeit money so we can build and buy an infinite number of environment-polluting physical objects!


The corrupt U.S. Government is causing Global Warming that is Destroying Planet Earth!


The following commentaries explain this fiscal and accounting fraud that I call USAPonzi!


USAPonzi-The Great American Fraud
Whistleblower Letter #3 to U.S. General Public
Whistleblower Letter #6 to Congress


The devastating impact of this accounting fraud on Planet Earth is summarized in my Oct 1, 2020 commentary.


Quintet of Global Crises (Economy, Climate, Health, Hunger, Depression)




National Debt  $27.4 Trillion 
Cash Deficit in FY2021  $3.22 Trillion 
*GAAP Deficit in FY2021  $6.71 Trillion 
US Unfunded Future Liabilities  $128.8 Trillion 
US Unfunded Liabilities (GAAP)  $156.2 Trillion 
Imaginary-Counterfeit Money  $156.2 Trillion 
Total National Assets  $155.2 Trillion 

Source: www.usdebtclock.org December 18, 2020
*GAAP Deficit-current


I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain this accounting fraud and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can also be downloaded from my www.usaponzi.net website.


John W. White
Plano, TX