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

                    Copyright Declaration                                                                                                                                       John W. White    March 29, 2013

Robinhood Built on US Gov Fraud 210801
August 1, 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 8/1/21


In this commentary I will explain how Robinhood is built on U.S. Government fraud!


The corrupt U.S. Government is committing a fiscal and accounting fraud that is now a $154.4 Trillion crime! The corrupt U.S. Government has borrowed $154.4 Trillion from the future Americans and given it to the U.S. upper class!


What is Robinhood and how does it work?

Robinhood is a free-trading app that lets investors trade stocks, options, exchange-traded funds, and cryptocurrency without paying commissions or fees. In its early stages, Robinhood stood out as one of the only brokers offering free trades.


Robinhood
would not exist without the corrupt U.S. Government committing the fiscal and accounting fraud that I call USAPonzi-The Great American Fraud!


The fundamental principle of the Robinhood business model is that a lot people need to do a lot of trading so Robinhood can sell a lot of order flow!


What is Robinhood order flow?

The Robinhood IPO puts the secretive practice of 'payment for order flow' in the spotlight. Payment for order flow, also called “PFOF,” is the hyper-complicated, hyper-controversial practice of brokerages like Robinhood or Charles Schwab accepting money (typically fractions of cents) in exchange for client trade orders.


The U.S. Government fiscal and accounting fraud, that I call USAPonzi, does two things that allow the Robinhood business model to appear to be successful!


1)
 USAPonzi prints an infinite amount of counterfeit money so everybody seems to have a lot of money to invest in the stock market! As of August 1, 2021, USAPonzi has printed $154.4 Trillion of counterfeit money (US Unfunded Liabilities (GAAP))!


2)
 USAPonzi causes the stock market to continually go up because it is printing an infinite amount of counterfeit money so more and more people, many now called retail investors, want to get engaged in this Ponzi-scheme-stock-market! As of July 2, 2021 Robinhood had 31 million accounts and 18 million of these accounts were funded!


The scoundrels in Robinhood recognized the criminal activity in the U.S. Government and built a trading app that makes trading simple and easy so now more and more people are being sucked into this rigged-casino-gambling-stock-market that is appearing to make investors rich because the U.S. Government is fraudulently 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!


The corrupt U.S. Government has created a scam (Robinhood) that is exploiting the scam (USAPonzi) that the corrupt U.S. Government has created by “cooking the books”!


I am a whistleblower! The U.S. Government is corrupt! The corrupt U.S. Government is not operating its fiscal policy with proper accrual accounting!


The corrupt U.S. Government is promising and paying benefits to the U.S. general public but is not using proper and Generally Accepted Accounting Principles (GAAP Accounting) to accrue the money to pay future benefits!


The U.S. general public is getting cheated, so far by $125.8 Trillion (US Unfunded Future Liabilities), because the corrupt U.S. Government is not accruing for future benefits and these future benefits for the U.S. general public are now unfunded!


The U.S. upper class is getting enriched, so far by $154.4 Trillion (US Unfunded Liabilities (GAAP)), because the corrupt U.S. Government is not accruing for future benefits and the U.S. upper class has been undertaxed by $154.4 Trillion!


Because of this U.S. Government fiscal and accounting fraud, the U.S. upper class is getting filthy rich with counterfeit money and the U.S. general public is getting screwed! Because of this U.S. Government fiscal and accounting fraud, Robinhood appears to be wildly successful and valuable when it is essentially worthless!


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 it 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, so we have a lot of monopoly money to play in the U.S. Government rigged-stock-market!


This is fraud because the corrupt U.S. Government is borrowing money from the future Americans that the future Americans do not have and giving it to the U.S. upper class by undertaxing them! This is not a small fraud! The corrupt U.S. Government has already fraudulently borrowed $154.4 Trillion of imaginary-counterfeit money (US Unfunded Liabilities (GAAP)) from the future Americans that we can use to play in the U.S. Government rigged-stock-market!


When this fraud is exposed, this imaginary-counterfeit money will evaporate, the stock market will crash by 95% or more, and Robinhood will go out of business!


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 we can have a whole-hell-of-a-lot more imaginary-counterfeit money to play the U.S. Government-rigged-stock-market!





The corrupt U.S. Government needs to understand that GAAP basis deficit spending by the U.S. Government prints imaginary-counterfeit money and gives it to the U.S. upper class, which causes extreme counterfeit wealth and income for the elite, oppresses the unelite, allows Americans to buy stuff with monopoly money, causes Global Warming and the Coronavirus Pandemic, and will allow the Robinhood business model to work until this U.S. Government fiscal and accounting fraud is exposed! 


The corrupt U.S. Government is lying to and cheating the U.S. general public by promising but not funding future benefits so they can fraudulently enrich the U.S. upper class with trillions of imaginary-counterfeit money so Robinhood can operate its scam!


The corrupt U.S. Government is operating its fiscal policy with Cash Accounting rather than proper GAAP Accounting to make Robinhood appear to be a successful business when it is actually a scam built on a scam!


Investors are making a huge stupid mistake by investing in Robinhood! But investors are making a huge stupid mistake by investing in any stock because the global financial system is in a bubble of $154.4 Trillion of imaginary-counterfeit money because the corrupt U.S. Government is “cooking the books” to print an infinite supply of imaginary-counterfeit money!

 

US National Debt  $28.6 Trillion 
Cash Deficit in FY2021  $3.19 Trillion 
GAAP Deficit in FY2021 
$17.92 Trillion 
US Unfunded Future Liabilities  $125.8 Trillion 
US Unfunded Liabilities (GAAP)  $154.4 Trillion 
Imaginary-Counterfeit Money 
$154.4 Trillion 
US Total National Assets 

$175.1 Trillion 

Source: www.usdebtclock.org August 1, 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