FANG Miracle/Debacle 180830!
August 30, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 8/29/18
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 how U.S. Government fiscal and accounting fraud has created the “FANG Miracle/Debacle”!
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 “dramatically feather the nests of their upper-class friends”.
The “news media” is aiding and abetting the corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud!
FANG Miracle/Debacle 180830!
August 30, 2018
FANG to INFINITY by FRAUD!
Facebook, Amazon, Apple, Netflix, and Google have appeared to become dramatically successful companies because of U.S. Government fiscal and accounting fraud!
The corrupt and criminal U.S. Government is printing counterfeit money, $114.5 Trillion so far, so that we can buy a lot of products and services from the FANG companies!
Americans can buy a lot of stuff with $114.5 Trillion of counterfeit money!
The business media has coined the term “FANG stocks” to reference a collection of stocks that have achieved dramatic financial success over the last few years. These stocks are Facebook, Amazon, Netflix, and Google. These stocks have appeared to become dramatically successful in just the last two decades. I contend that Apple should be included in this collection of FANG stocks, even though Apple is a much older company, because Apple is a key provider of the equipment to enable these FANG companies.
|Oct 16, 2017
||Aug 29, 2018
The market cap of these companies will converge toward infinity if the U.S. Government continues to operate its fiscal policy with this fraudulent accounting! This fraudulent accounting is in the process of printing an infinite amount of counterfeit money!
These FANG stocks all share two significant attributes; they all offer outstanding products and they all have benefited dramatically from the U.S. Government fiscal and accounting fraud that I call USAPonzi (See Open Letter to US Government)!
This accounting fraud has done two things to promote the success of these FANG companies;
1) this fraud has provided the funds, $114.5 Trillion of imaginary-counterfeit money, to buy their products and
2) this fraud has provided the free time for Americans to use and enjoy these products.
The U.S. Government is using Cash Accounting rather than the proper GAAP Accounting which has fraudulently borrowed $114.5 Trillion of imaginary-counterfeit money from the future Americans and given it to the current Americans. Many Americans do not have to work for a living because this U.S. Government fraud has provided the money to give them enough income to survive and enough money to buy products and services from the FANG companies.
This accounting fraud, using Cash Accounting rather than proper GAAP Accounting, has produced a classic Ponzi scheme that I have named USAPonzi!
USAPonzi has made possible the apparent miracle success of these FANG companies but all of these companies will suffer a dramatic financial debacle when USAPonzi implodes. When USAPonzi implodes, Americans will have to start working for a living rather than relying on fraudulently financed U.S. Government benefits and all Americans will have a lot less money to spend on FANG products and services!
When USAPonzi implodes both the wealth (now $114.5 Trillion) and income ($6.04 Trillion in FY2018) that this Ponzi scheme currently provides will evaporate! Most Americans will not have the money to buy or the time to use these FANG products. Most Americans will not be able to afford a smartphone, a smartphone subscription, a Netflix subscription, or Amazon products, and the ad spending on Facebook and Google will be dramatically reduced.
FANG stocks appear to be successful because the U.S. Government has fraudulently produced $114.5 Trillion of imaginary-counterfeit money out of “thin air” so that we can buy and enjoy these FANG products. GAAP basis deficit spending prints imaginary-counterfeit money at the current rate of $16.5 Billion a day!
The U.S. Government is committing fiscal and accounting fraud by not using GAAP Accounting, and as a result has dramatically and fraudulently elevated the standard of living in America which has made these FANG companies appear to be dramatically successful!
USAPonzi has produced the FANG miracle!
The Implosion of USAPonzi will produce the FANG debacle!
The U.S. Government is fraudulently borrowing money from the future Americans, money that the future Americans do not have, and giving it to the current Americans to create the FANG miracle!
The U.S. Government is corrupt!
The senior officials of the U.S. Government are common criminals that have committed a $114.5 Trillion criminal act by not operating its fiscal policy with proper accrual accounting! The senior officials of the U.S. Government are common criminals because they are direct financial beneficiaries of this massive fraud! The corrupt and criminal U.S. Government is overpaying itself with imaginary-counterfeit money!
We have 535 criminals in the U.S. Congress and an untold number of criminals in the White House!
I have sent 14 whistleblower letters to the U.S. Securities and Exchange Commission, a whistleblower letter to every member of the U.S. Congress, and 9 whistleblower letters to each member of the U.S. Supreme Court so that all three branches of the U.S. Government would be informed of this massive fraud!
I have also sent over 200 Op-Eds to the “mainstream media” in an attempt to expose this massive fraud to the citizens of Planet Earth! None of these Op-Ed candidates have been published!
This massive fraud is explained in more detail in my Open Letter to the US Government, my Open Letter to Planet Earth, and my Open Letter to US General Public!
I have presented specific fraud charges against the U.S. Government in my Fraud Charges against U.S. Government commentary!
To eliminate this massive ($114.5 Trillion) fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.
|Cash Deficit in FY2018
|GAAP Deficit in FY2018
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org Aug 30, 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” 11/22/15, “USAPonzi2” 5/1/17, and “USAPonzi3” 2/1/18! Each of these books have updates that I made every few days until the next book was published. I have published over 640 commentaries since March 29, 2013 in an attempt to explain and expose this U.S. Government fraud!
This is the biggest ($114.5 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.
John W. White