Bitcoin-A “Legal” Ponzi Scheme on Steroids 210513
May 13, 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 5/13/21
Bitcoin is a “legal” Ponzi scheme on steroids!
Bitcoin is a Con built on a Con run by a Crook!
Bitcoin is a con game built on the con game I call USAPonzi that is being run by the U.S. Government!
Bitcoin is an imaginary-counterfeit asset that is being bought and sold with imaginary-counterfeit money that is being fraudulently printed by the corrupt U.S. Government!
As they say, “there is a sucker born every minute”!
Bitcoin is selling shares in nothing for an ever-increasing price and the U.S. Government is printing the imaginary-counterfeit money to buy this nothing!
A Bitcoin is a valueless imaginary-counterfeit asset whose apparent value is determined by how many suckers there are that are willing to invest their imaginary-counterfeit money in Bitcoins with the idea that they can get in and out of this imaginary-counterfeit asset before the other suckers decide to sell and before the imaginary-counterfeit money produced by USAPonzi evaporates!
The founders of these so-called digital currencies are making a killing selling nothing but hype!
The Bitcoin con game is made much more interesting by the fact that the U.S. Government is running its own con game by printing an infinite supply of imaginary-counterfeit money by borrowing it from the future Americans and hoping that the suckers that are accepting this imaginary-counterfeit money like it is real money will keep on doing so!
The imaginary-counterfeit value of a Bitcoin tends to goes up as the corrupt U.S. Government prints more imaginary-counterfeit money!
The corrupt U.S. Government is the Crook that has produced both of these con games! The corrupt U.S. Government has fraudulently enriched the U.S. upper class by $147.9 Trillion by undertaxing them and cheated the U.S. general public out of $119.6 Trillion by not funding future U.S. Government benefits!
The U.S. Government is “cooking the books” by borrowing money, I call it imaginary-counterfeit money, from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class!
So far, the U.S. Government has printed $147.9 Trillion of imaginary-counterfeit money to run the USAPonzi con game and the Bitcoin con game and is printing more imaginary-counterfeit money every day with ongoing GAAP Basis Deficit Spending!
When USAPonzi implodes, this imaginary-counterfeit money will evaporate, and both of these con games will be out of business!
The following chart gives a graphical projection of how the corrupt U.S. Government could fraudulently borrow as much as a Quadrillion dollars (a thousand Trillion dollars) of imaginary-counterfeit money from the future Americans over the next three decades and give it to the U.S. upper class so it can keep both the USAPonzi and the Bitcoin con games going!
A Bitcoin would appear to be quite valuable after the U.S. Government has printed a few Quadrillion dollars of imaginary-counterfeit money!
The corrupt U.S. Government is lying to and cheating the U.S. general public by promising but not funding future benefits so they can enrich the U.S. upper class with trillions of imaginary-counterfeit money and so Americans can buy a whole lot of stuff, including Bitcoins, with imaginary-counterfeit money!
The U.S. general public is not going to be happy when they find out that they are being cheated so the U.S. upper class can get really rich with imaginary-counterfeit money!
The rest of the planet is not going to be happy when they find out that they are being cheated because Americans are fraudulently buying stuff with imaginary-counterfeit money!
When this now $147.9 Trillion crime by the U.S. Government is exposed, USAPonzi will implode, the imaginary-counterfeit money will evaporate, and a Bitcoin will be worth essentially nothing!
This commentary (Chaos-Civil Unrest-Depression by US Gov Fraud 120508) presents my prediction of what will likely happen when this Ponzi scheme implodes!
Bitcoin is a “legal” Ponzi scheme on steroids!
|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 May 13, 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 also be downloaded from my www.usaponzi.net website.
John W. White