USAPonzi-The Biggest Ponzi Scheme on the Planet-The U.S. Government

                    Copyright Declaration                                                                                                                                       John W. White    March 29, 2013

JP Morgan Apple Price Target Insanity 210823
August 23, 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 8/23/21

JP Morgan ups Apple price target to $180
Mike Peterson | Aug 19, 2021

Investment bank JP Morgan has raised its Apple price target to $180 on expectations that the "iPhone 13" and a 5G iPhone SE could be catalysts that drive another record year for the Cupertino company.

In a note to investors seen by AppleInsider, JP Morgan lead analyst Samik Chatterjee says that he sees "substantial upside" relative to consensus expectations for the 2022 fiscal year. That's because of the aforementioned iPhone models, as well as low investor expectations for iPhone and total revenue.

Chatterjee has increased his iPhone volume estimates for 2022 to 246 million units, which implies another record year of Apple handset shipments following 2021.

This is insanity! This is stupidity!

JP Morgan Bank
has been fooled by the criminals in Washington! The corrupt U.S. Government is “cooking the books” to
fraudulently borrow an infinite amount of counterfeit money from the future Americans so the current Americans can buy an infinite number of iPhones with counterfeit money!

The entire planet is buying iPhones, and everything else, with an infinite supply of monopoly money that the corrupt U.S. Government is pretending to borrow from the future Americans!

This is fraud because the future Americans do not have an infinite supply of real money!

This JP Morgan Apple analyst, Samik Chatterjee, has made a foolish call on this price target for Apple because JP Morgan Bank has not been able to discover this U.S. Government corruption!

If the U.S. Government was using honest accounting, Apple would only be able to sell a very few iPhones.

The real value of Apple is essentially ZERO!

Someone on Wall Street should have asked himself or herself, “where are we getting all of this money to buy 246 million iPhones?”

The answer is, the corrupt U.S. Government has pulled it out of a hat, so far $154.8 Trillion, by pretending to borrow it from the future Americans!

Jamie Dimon should ask his bankers where JP Morgan Bank has gotten its deposits over the last 52 Years!

The answer is the same, the corrupt U.S. Government has fraudulently borrowed $154.8 Trillion of counterfeit money from the future Americans and given it to the U.S. upper class!

JP Morgan Total Assets 2005-2021

JP Morgan Bank, you have been fooled by the criminals, liars, scoundrels, and cheaters in Washington!

The corrupt U.S. Government has, so far, fraudulently borrowed $154.8 Trillion of counterfeit money (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class so the entire planet can buy an ever-increasing number of iPhones!

The corrupt U.S. Government is 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!

So far, the corrupt U.S. Government has printed $154.8 Trillion of imaginary-counterfeit money so Apple can sell an estimated 246 million iPhones next year!

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 over the next three decades and give it to the U.S. upper class so Planet Earth can buy a whole-hell-of-a-lot iPhones in the future not just the measly 246 million iPhones that Samik Chatterjee predicts for 2022!

JP Morgan Bank has been fooled by the corrupt U.S. Government for 52 years! How can the supposedly most successful bank in America not see the biggest financial fraud in the history of Planet Earth! Possibly because they were too busy raking in the massive amounts of money that were being printed by this accounting fraud! $154.8 Trillion is a lot of money!

This JP Morgan analyst has made a foolish call on the future stock price for Apple because his employer, JP Morgan Bank, has been fooled by the corrupt U.S. Government!

In the defense of JP Morgan Bank, the corrupt U.S. Government may have fooled itself! We do not yet know if the people in the U.S. Government are accidental fools or intentional criminals! I suggest that we have some of each but they are all criminals whether they know it or not!


US National Debt  $28.7 Trillion 
Cash Deficit in FY2021  $3.10 Trillion 
GAAP Deficit in FY2021 
$17.30 Trillion 
US Unfunded Future Liabilities  $126.1 Trillion 
US Unfunded Liabilities (GAAP)  $154.8 Trillion 
Imaginary-Counterfeit Money 
$154.8 Trillion 
US Total National Assets 

$176.5 Trillion 

Source: August 23, 2021

I have written two websites ( and 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.

John W. White

Plano, TX