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

Apple sells billionth iPhone
July 27, 2016


Made possible by U.S. Government fraud!


The U.S. Government has borrowed $102.9 Trillion from the future U.S. taxpayers so we will have the money to buy iPhones and other stuff!


This is fraud because the future U.S. taxpayers do not have $102.9 Trillion!


The U.S. Government is creating imaginary-counterfeit money out of "thin air" so that we can buy iPhones, cars, trucks, houses, skyscrapers, malls, oil, gas, resorts, football stadiums, cities, airports, etc.!


The entire planet is living on imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future U.S. taxpayers.


The U.S. Government is also making themselves and their rich friends very very rich by borrowing this imaginary-counterfeit money from the future U.S. taxpayers. $102.9 Trillion can make a lot of people very very rich!


Tim Cook, CEO of Apple, announced today that Apple probably sold its billionth iPhone on July 26, 2016. That is an amazing number but it was only made possible by U.S. Government fiscal and accounting fraud. The U.S. Government has borrowed $102.9 Trillion (US Unfunded Liabilities (GAAP)) from the future U.S. taxpayers so that we can have the money to buy stuff we cannot afford. Just think, this fraud was all started because Lee Harvey Oswald shot John Fitzgerald Kennedy and got a scoundrel, Lyndon Baines Johnson into the White House who would launch USAPonzi.


$102.9 Trillion is a lot of money (See How much money is $2.5 Trillion) and it can buy a lot of stuff that we cannot afford. U.S. Government fraud has allowed us to Fill the Planet with Junk.


National Debt  $19.4 Trillion 

Cash Deficit in FY2016 

$0.53 Trillion 
GAAP Deficit in FY2016  $5.74 Trillion 
Unfunded Future Liabilities  $83.5 Trillion 
US Unfunded Liabilities (GAAP)  $102.9 Trillion 
Imaginary-Counterfeit Money  $102.9 Trillion 
Total National Assets  $122.8 Trillion 

   Source: www.usdebtclock.org July 27, 2016


The U.S. Government is creating imaginary-counterfeit money at the rate of $15.7 Billion a day (GAAP Deficit in FY2016 $5.74T/365 = $15.7B) so it is no surprise at all that Apple can sell one billion iPhones. With the current corrupt and fraudulent fiscal policy, Apple will be able to sell an infinite number of iPhones and make an infinite amount of profit because the U.S. Government can borrow an infinite amount of money from the future U.S. taxpayers. And nobody has to earn a penny to pay for these iPhones because they are being charged to the future U.S. taxpayers. The only limit is finding enough people to buy and carry them because money is not an issue due to this U.S. Government fraud.


$102.9 Trillion can buy a lot of iPhones!


USAPonzi
is explained in much more detail on my website www.usaponzi.com and in my book "USAPonzi" which is available on Amazon in Kindle and paperback format and on www.usaponzi.com in PDF format.


This is the biggest ($102.9 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and "The Biggest Ponzi Scheme on the Planet".