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

                    Copyright Declaration                                                                                                                                       John W. White    March 29, 2013

Meme Stocks (GME,AMC) harbinger of Disaster 210603
June 3, 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 6/3/21


What are Meme Stocks?

Meme stocks are those that grabbed immense investor interest due to hype on social media and online forums like Reddit, WallStreetBets and Robinhood, rather than the company fundamentals, resulting in a surge in volumes and share price. Thus, these are considered speculative.


https://www.nasdaq.com/articles/ride-the-renewed-meme-stock-wave-with-this-new-etf-2021-06-02


The chaotic and irrational trading of the meme stocks (GameStop, AMC, Bed Bath & Beyond, etc. etc.) is just a harbinger of the massive financial disaster that is facing Planet Earth because of the corruption within the U.S. Government!


The corrupt U.S. Government is committing a fiscal and accounting fraud by not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting)! The corrupt U.S. Government is in the process of printing an infinite amount of counterfeit money and giving it to the U.S. upper classGAAP basis deficit spending by the U.S. Government digitally prints counterfeit money and gives it to the U.S. upper class by undertaxing them!


As of today, June 3, 2021, the corrupt U.S. Government has fraudulently given the U.S. upper class $149.2 Trillion of counterfeit money (US Unfunded Liabilities (GAAP))!


When the corrupt U.S. Government is printing an infinite amount of counterfeit money, the investors and traders in these meme stocks can make a reasonable case for why the value of these meme stocks could approach infinity!


When the meme stock fiasco is finally understood, we will realize that the current valuations of all stocks are a hoax because the corrupt U.S. Government is printing an infinite amount of counterfeit money and giving it to the U.S. upper class by undertaxing them!


When the meme stock fiasco is finally understood, the value of these meme stocks will be essentially ZERO!


The financial disaster of epic proportions that I call The Greatest Depression is being caused by this corruption within the U.S. Government!


Americans have been buying stuff with counterfeit money for the last 52 years and the corrupt U.S. Government is printing more counterfeit money every day!


The corrupt U.S. Government is committing a fiscal and accounting fraud that is in the process of printing an infinite amount of counterfeit money by borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!


Because of this fiscal and accounting fraud, the entire planet is buying and building an infinite amount of stuff without having to earn the money to pay for it!


GameStop
can sell an infinite number of games when the buyers have an infinite amount of counterfeit money!


AMC
can sell an infinite number of tickets when the buyers have an infinite amount of counterfeit money!


Bed Bath & Beyond
can sell an infinite amount of stuff for our bathrooms and our bedrooms when the buyers have an infinite amount of counterfeit money!


Because the U.S. Government is not using proper GAAP Accounting, the corrupt U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is fraudulently borrowing an infinite amount of money from the future Americans, I call it imaginary-counterfeit money, and giving it to the current Americans, primarily to the U.S. upper class, so Americans can buy an infinite amount of stuff!


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 the current Americans can buy a whole hell-of-a-lot of stuff from GameStop, AMC, and Bed Bath & Beyond!

 


Why can’t the financial experts see where we are getting all of the money to keep buying more stuff from GameStop, AMC, and Bed Bath & Beyond?


The corrupt U.S. Government is simply borrowing more money, so far $149.2 Trillion, from the future Americans so we can buy more stuff from GameStop, AMC, and Bed Bath & Beyond!


This corrupt U.S. Government
fiscal and accounting fraud is fraudulently allowing Planet Earth to keep on buying more houses, more automobiles, more airplanes, more guns, and more of everything by fraudulently borrowing an infinite amount of imaginary-counterfeit money from the future Americans!

 

US National Debt  $28.4 Trillion 
Cash Deficit in FY2021  $3.27 Trillion 
GAAP Deficit in FY2021  $13.03 Trillion 
US Unfunded Future Liabilities  $120.8 Trillion 
US Unfunded Liabilities (GAAP)  $149.2 Trillion 
Imaginary-Counterfeit Money  $149.2 Trillion 
US Total National Assets  $162.5 Trillion 

Source: www.usdebtclock.org June 3, 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

Plano, TX