Airbnb Miracle/Debacle 201211
December 11, 2020
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 12/11/20
Same song, umpteenth verse!
Airbnb appears to be a miracle company, but it will prove to be a financial debacle!
Airbnb was valued by Wall Street yesterday, after its IPO, at $86.5 Billion! This is the Miracle!
Airbnb will be valued at ZERO when the U.S. Government accounting fraud that I call USAPonzi is properly exposed! This is the Debacle!
Wall Street should be starting to get suspicious about why so many IPOs skyrocket!
Here is why many IPOs are skyrocketing, the corrupt U.S. Government is printing counterfeit money, so far $156.0 Trillion (US Unfunded Liabilities (GAAP))! The corrupt 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 $156.0 Trillion of counterfeit money out of “thin air” by fraudulently deferring $156.0 Trillion of public liabilities to the future Americans!
Companies are rushing to IPO so that they can get access to some of the $156.0 Trillion of counterfeit money that the corrupt U.S. Government is fraudulently printing by not accruing for future U.S. Government benefit promises!
CNBC AFTER HOURS
Airbnb’s jaw-dropping IPO surge, explained: CNBC After Hours
PUBLISHED THU, DEC 10 20206:19 PM EST
MacKenzie Sigalos Jordan Smith Arielle Berger
Airbnb skyrockets 112% in public market debut, giving it a market cap of $86.5 billion
Airbnb shares ended the day up more than 112% in its IPO debut Thursday, the latest tech stock to show monster gains in its first day of trading this year.
Shares of Airbnb originally priced at $68 Wednesday night, but showed a massive pop Thursday afternoon when it opened trading at $146 per share. The company now has a market cap of about $86.5 billion, more than double the valuation the company sought in the IPO just a day ago.
That puts Airbnb past the market cap of travel giant Booking, which has a valuation of more than $86 billion. Competitor Expedia has a market cap of more than $18 billion.
Airbnb, Booking, and Expedia appear to be successful because the corrupt U.S. Government has printed $156.0 Trillion of counterfeit money so Americans can travel and vacation without having to earn the money pay for their traveling and vacationing! $156.0 Trillion of counterfeit money can pay for a lot traveling and vacationing! Americans are traveling and vacationing now and charging it to the future Americans!
Airbnb will be worth nothing when this corruption within the U.S. Government is properly exposed!
The following commentaries explain how 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). This accounting fraud prints an unending and ever-increasing amount of counterfeit money, I call it imaginary-counterfeit money, by fraudulently borrowing it from the future Americans, so the current Americans can fraudulently pay for an unending and ever-increasing number of rentals arranged by Airbnb!
Americans are riding in cars, flying on airplanes, sailing on cruise ships, and renting through Airbnb simply by spending part of the $156.0 Trillion of the imaginary-counterfeit money that the corrupt U.S. Government has fraudulently borrowed from the future Americans!
GAAP basis deficit spending by the U.S. Government prints imaginary-counterfeit money and gives it to the U.S. upper class by undertaxing them!
USAPonzi-The Great American Fraud
Whistleblower Letter #3 to U.S. General Public
Whistleblower Letter #6 to Congress
The devastating impact of this accounting fraud on Planet Earth is summarized in my Oct 1, 2020 commentary.
Quintet of Global Crises (Economy, Climate, Health, Hunger, Depression)
|Cash Deficit in FY2021
|*GAAP Deficit in FY2021
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org December 11, 2020
I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain this accounting fraud 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