BofA DoorDash Upgrade Insanity 210916
September 16, 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 9/16/21
Bank of America has insanely set a price target for DoorDash of $255!
BofA Securities Upgrades DoorDash to Buy, Announces $255 Price Target
September 16, 2021
By making this call, Bank of America has again confirmed that it has been fooled by the corrupt U.S. Government! Bank of America is supposedly one of the top banks on the planet and they still cannot see that the corrupt U.S. Government is printing counterfeit money!
The DoorDash business model is based solely on the fact that the U.S. Government is “cooking the books” to print an infinite amount of counterfeit money so people have plenty of counterfeit money to buy their food and have it delivered right to their doorstep!
The corrupt U.S. Government has printed $156.4 Trillion of counterfeit money by fraudulently borrowing it from the future Americans which has given the American consumer a whole-hell-of-a-lot of money for home food delivery and given DoorDash a fraudulent market cap of $74.9 Billion!
When this U.S. Government accounting fraud is exposed, DoorDash will immediately be out of business!
Bank of America needs to wake up and smell the coffee!
The corrupt U.S. Government is “cooking the books” by 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!
This Ponzi scheme/accounting fraud started in 1969 when a scoundrel, Lyndon Baines Johnson, proposed and the corrupt U.S. Congress approved the fraudulent Unified Budget!
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 Americans can fraudulently buy a whole-hell-of-a-lot of home food deliveries by DoorDash without have to pay for any of them!
The corrupt U.S. Government is “cooking the books” so the current Americans can fraudulently buy an infinite amount of stuff and charge it all to the future Americans! The current Americans are buying stuff with imaginary-counterfeit money (monopoly money) that the corrupt U.S. Government is pretending to borrow from the future Americans and give to the U.S. upper class by undertaxing them!
This imaginary-counterfeit money is masquerading as real money when it does not exist (imaginary) and has no value (counterfeit)!
Americans, primarily the U.S. upper class, have not paid for hardly anything with real money since FY1969 when USAPonzi was launched! But we have put $156.4 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) on the credit card of the future Americans!
When USAPonzi implodes, this imaginary-counterfeit money will evaporate, nobody will have any money, and we will fall into The Greatest Depression!
|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 16, 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