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

Apple is a $933B Miracle Company by Fraud
May 7, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 5/7/18


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post”, and “The Dallas Morning News” that explains why “Apple is a $933B Miracle Company” created by U.S. Government fiscal and accounting fraud!


The “news media” has an ethical responsibility to inform the general public of how the U.S. Government is committing fiscal and accounting fraud to cheat the general public and the rest of the planet so they can “feather their own nests” and “colossally feather the nests of their upper-class friends”! The U.S. Government is not using accrual accounting!


The “news media” is aiding and abetting the corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud!


Apple is a $933B Miracle Company by Fraud
May 7, 2018


Apple appears to be one of the most successful and valuable companies in history! Apple's market cap on May 4, 2018 was $933 Billion!


However, Apple is a Miracle Company created by U.S. Government fiscal and accounting fraud!


Apple is a $933 Billion Miracle Company because the U.S. Government is not using accrual accounting!


Many companies now appear to be worth billions, even tens and hundreds of billions, simply because the corrupt and criminal U.S. Government has fraudulently borrowed $113.1 Trillion from the future Americans and given it to the U.S. upper class! I call this fiscal and accounting fraud USAPonzi!


Most of these companies, including Apple, will be worth little to nothing when this fiscal and accounting fraud is exposed!


Warren Buffett, who appears to be one of the most successful investors in history, recently purchased 75 million shares of Apple stock giving Berkshire Hathaway 240 million shares of Apple stock valued at $44.2 Billion! This is an ill-advised investment for Berkshire Hathaway since the customers of Apple are buying Apple products with $113.1 Trillion of imaginary-counterfeit money that the corrupt and criminal U.S. Government has fraudulently borrowed from the future Americans and given to the current Americans.


Author's Note 1: Warren Buffett has known about this accounting fraud since 1975 (See Buffett Makes $9M a day from U.S. Government Fraud). Warren Buffett and his investors have appeared to have gotten filthy rich from this U.S. Government accounting fraud!


Author's Note 2: After listening to Warren Buffett on CNBC this morning (May 7, 2018 5:30AM CDT) I am truly depressed; he has apparently forgotten what he told Katherine Graham in 1975! He said this morning that stocks are not in a bubble, when stocks are in a $113.1 Trillion financial bubble created by U.S. Government accounting fraud! Who can you believe when you cannot believe Warren Buffett?


When this accounting fraud is exposed, Apple will not be selling nearly as many products as it is selling now!


When this accounting fraud is exposed, Warren Buffett will not be nearly as rich as he appears to be now!


When this accounting fraud is exposed, Warren Buffett will not appear nearly as smart, or honest, as he appears to be now!


The U.S. Government is borrowing money ($113.1 Trillion) from the future Americans, money that the future Americans do not have, and giving it to the current Americans so we can buy a lot of smartphones and other stuff from Apple (See How LBJ financed the Smartphone Phenomenon)!


The U.S. Government is pretending to borrow money from the future Americans, money the future Americans do not have, and giving it to the current Americans, primarily the U.S. upper class, so Americans can buy a lot of stuff from Apple! The corrupt and criminal U.S. Government is borrowing an unending stream of money from the future Americans so the current Americans can buy an unending stream of stuff from Apple!


The corrupt and criminal U.S. Government is not operating its fiscal policy with proper accrual accounting!


In fiscal year 1969, the U.S. Government adopted the “Unified Budget” which launched a Ponzi scheme fiscal policy that I have named USAPonzi. The U.S. Government is running a classic Ponzi scheme by deferring an unlimited amount of public liabilities to the future Americans so that the current Americans can buy an unlimited amount of stuff without having to pay for it! This Ponzi scheme is caused by the U.S. Government not adhering to the rules of accrual accounting!


This fiscal and accounting fraud, if continued, will give unlimited wealth to the U.S. upper class, unlimited pain to the U.S. general public, unlimited pain to the future Americans, and unlimited revenue, profit, and market valuation to Apple!


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! So far, this accounting fraud has borrowed $113.1 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class and is borrowing $16.5 Billion more money every day from the future Americans and giving it to the U.S. upper class (GAAP basis deficit in FY2018 = $6.01T/365 days = $16.5B/day)!


I call this fraudulently borrowed money imaginary-counterfeit money because the corrupt and criminal U.S. Government is borrowing money from the future Americans that the future Americans do not have and giving it to the U.S. upper class! This fraudulently borrowed money is both imaginary and counterfeit because the future Americans do not have $113.1 Trillion! This is a $113.1 Trillion fraud!


The corrupt and criminal U.S. Government is committing a fiscal and accounting fraud that is allowing Apple to sell an unlimited amount of stuff because the U.S. Government is fraudulently borrowing an unlimited amount of monopoly money from the future Americans and giving it to the U.S. upper class!


The corrupt and criminal U.S. Government is creating imaginary-counterfeit money out of “thin air and giving it to the U.S. upper class so the current Americans, primarily the U.S. upper class, can buy stuff from Apple with this imaginary-counterfeit money!


The U.S. Government is creating the illusion of wealth and prosperity in America by committing a fiscal and accounting fraud that has fraudulently borrowed $113.1 Trillion of monopoly money from the future Americans and given it to the U.S. upper class!


Apple is a Miracle Company that has been created by a corrupt and criminal U.S. Government that is committing fiscal and accounting fraud because it is not using proper accrual accounting! The common question on TV is Which company will get to a $Trillion valuation first Apple or Google? My question is, Will any company get to a $Trillion valuation before USAPonzi implodes? It looks to me like Apple has a chance to get to a $Trillion market cap before the U.S. Government admits to this accounting fraud!


We have 535 criminals in the U.S. Congress and an untold number in the White House, on Wall Street, and on Main Street!


Apple is not the only company that is benefiting from this accounting fraud! Americans are buying nearly everything they need or want with imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans! Companies all over the planet are benefiting(?) from this massive ($113.1 Trillion) U.S. Government accounting fraud!


This fraud is explained in more detail in my Open Letter to Planet Earth commentary!


The U.S. Government is filled with scoundrels, liars, cheaters, and criminals that are running a massive Ponzi scheme because they are not operating the U.S. Government fiscal policy with proper accrual accounting!


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   $21.2 Trillion  
Cash Deficit in FY2018   $0.75 Trillion  
GAAP Deficit in FY2018   $6.01 Trillion  
US Unfunded Future Liabilities   $91.9 Trillion  
US Unfunded Liabilities (GAAP)   $113.1 Trillion  
Imaginary-Counterfeit Money   $113.1 Trillion  
Total National Assets   $138.9 Trillion  

Source: www.usdebtclock.org May 7, 2018


This fraud/Ponzi scheme (USAPonzi) is explained in much more detail on my websites www.usaponzi.net and www.usaponzi.com and in my books “USAPonzi”, “USAPonzi2”, and “USAPonzi3”!


This is the biggest ($113.1 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.


John W. White
Plano, TX