Facebook-A $384B Company built on fraud!
February 2, 2017 Emailed to WSJ/NYT/DMN on February 2, 2017
The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that provides further explanation of the Ponzi scheme fiscal policy (USAPonzi) that the U.S. Government has been operating since FY1969 and how this Ponzi scheme has created a company with a market cap of $384 Billion.
Facebook-A $384B Company built on fraud!
February 2, 2017
Facebook, like many U.S. companies, appears to be a very successful company because of U.S. Government fraud. The success of Facebook, like the success of many U.S. companies, is built on U.S. Government fraud that is creating money out of "thin air" by borrowing it from the future Americans. The U.S. Government does this by using Cash Accounting rather than the proper GAAP Accounting. This fraud has deferred $105.0 Trillion of public liabilities to the future Americans and undertaxed the current Americans by $105.0 Trillion thereby giving the current Americans $105.0 Trillion of imaginary-counterfeit money so the current Americans have plenty of money to buy goods and services from companies like Facebook and Facebook's advertisers.
The U.S. Government creates $15.42 Billion more imaginary-counterfeit money every day with GAAP basis deficit spending (GAAP Deficit in FY2017 of $5.63T/365 = $15.42B). The U.S. Government is giving the current Americans massive amounts of money by operating with a dramatically unbalanced budget. The U.S. Government is fraudulently stuffing monopoly money into the pockets of American citizens and into the coffers of American companies by overpaying and undertaxing the current Americans. As of February 2, 2017, the U.S. Government has given the current Americans $105.0 Trillion of imaginary-counterfeit money.
The U.S. Government is corrupt! The senior members of the U.S. Government are criminals! The U.S. Government is committing fiscal and accounting fraud! The U.S. Government is operating with a fraudulent accounting system! The U.S. Government is operating a massive Ponzi scheme, that I have named USAPonzi, by deferring $105.0 Trillion of public liabilities to the future Americans.
The U.S. Government is creating imaginary-counterfeit money out of "thin air" by borrowing money from the future Americans and giving it to the current Americans! The U.S. Government is creating massive imaginary-counterfeit wealth for American citizens and massive imaginary-counterfeit profits for American companies simply by overpaying and undertaxing the current Americans.
By creating $105.0 Trillion of imaginary-counterfeit money and giving it to the current Americans, the U.S. Government is massively stimulating the U.S. and global economy. The U.S. Government is borrowing monopoly money from the future Americans and giving it to the current Americans.
I cannot be any more clear. The U.S. Government is digitally printing counterfeit money and giving it to the current Americans simply by operating with an unbalanced budget. The U.S. citizenry is not earning nearly enough real income to support our economy at the current level, but rather the U.S. Government is fraudulently producing imaginary-counterfeit money to falsely create economic activity, to falsely increase private wealth, and to falsely increase corporate profits.
Facebook is now a $384 Billion company fraudulently created by $105.0 Trillion of imaginary-counterfeit money produced by this U.S. Government fiscal and accounting fraud.
The amount borrowed from the future Americans is shown in the following table as US Unfunded Liabilities (GAAP) which has created this monopoly money that I call imaginary-counterfeit money.
|Cash Deficit in FY2017
|GAAP Deficit in FY2017
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|| $105.0 Trillion
|Total National Assets
Source: www.usdebtclock.org February 2, 2017
The only way to eliminate this fraud is to adopt GAAP Accounting and commit to a balanced GAAP basis budget.
When the global economy and the global financial system finally accept the fact that the U.S. Government is corrupt and is operating a massive Ponzi scheme, we are in for a massive global depression and an epic failure of the global monetary system and the global banking system (See The Implosion of USAPonzi).
At that point, we will realize Facebook is a $384 Billion market cap company that is not producing any significant value to the U.S. and global economy but is just passing through the imaginary-counterfeit money that the U.S. Government is creating out of "thin air" by borrowing it from the future Americans. Almost all of the Facebook market cap will evaporate when USAPonzi implodes.
I have published another website www.usaponzi.net that I think better explains how this fraud works to create a massive global wealth and income gap between the haves and the havenots and to create false wealth and prosperity for the current Americans.
This fraud is explained in CliffsNotes format (USAPonzi CliffsNotes) and is also 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 formats and on my www.usaponzi.net website in both Kindle and PDF formats.
This is the biggest ($105.0 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and it is “The Biggest Ponzi Scheme on the Planet”!
John W White