Amazon is a Fraud 200730
July 30, 2020
Emailed to The United Nations, Fed Chair Jay Powell, St Louis Fed President James Bullard, 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, and NYT/WSJ/WP/DMN/CNBC on 7/30/20.
Amazon is a fraud!
Amazon is a fraud that is piggybacking on a U.S. Government fraud!
I first wrote about this Amazon fraud in my 2015 commentary (Amazon-A Counterfeit Company)!
wrongful or criminal deception intended to result in financial or personal gain.
The corrupt U.S. Government is committing a fiscal and accounting fraud by not operating its fiscal policy with proper accrual accounting! As a result, the corrupt U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is in the process of fraudulently borrowing an infinite amount of money, I call it imaginary-counterfeit money, from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!
Americans are using this infinite stream of imaginary-counterfeit money to buy an infinite stream of products and services through Amazon without paying even one plugged nickel of earned income!
Amazon, with the help of a corrupt U.S. Government, is just an elegant conduit through which Americans can steal a lot of stuff!
This is why Americans seem to have Amazon packages arriving on their doorsteps every day, the corrupt U.S. Government is in the process of printing an infinite supply of imaginary-counterfeit money so we can keep those packages coming!
Amazon is now a $1.537 Trillion company simply because the corrupt U.S. Government has fraudulently borrowed $153.6 Trillion of imaginary-counterfeit money from the future Americans so the current Americans can steal a lot of stuff!
Amazon is just a noteworthy example of how this U.S. Government accounting fraud has made ordinary companies appear to be successful and valuable! Essentially every company in the developed world is benefiting from this U.S. Government accounting fraud that is printing an infinite amount of imaginary-counterfeit money so we can buy their products and services and charge the purchases to the future Americans!
An infinite amount of imaginary-counterfeit money, so far $153.6 Trillion, can buy a lot of stuff!
The market cap of Amazon will converge to zero when this accounting fraud is exposed!
P.S. The U.S. Congress just wasted several hours of hearing time on July 29, 2020 to discuss whether or not four high-tech companies (Amazon, Apple, Facebook, and Google) should be broken up due to antitrust violations! I find it quite ironic that the corrupt U.S. Government is looking for a way to reduce the market dominance of four high-tech companies that have been created by their own incompetence and fraudulent accounting!
The following is a link to my 15th Whistleblower Letter to the US Securities and Exchange Commission in an attempt to expose this U.S. Government accounting fraud (USAPonzi) that is enabling the Amazon fraud!
SEC Whistleblower Letter #15
The following table gives a summary assessment of the U.S. Government financial condition as of July 30, 2020 as estimated by www.usdebtclock.org.
|Cash Deficit in FY2020
|*GAAP Deficit in FY2020
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org July 30, 2020
*usdebtclock.org has stopped explicitly reporting the GAAP Deficit. The GAAP Deficit is implicitly reported as the change in US Unfunded Liabilities (GAAP). US Unfunded Liabilities (GAAP) were $126.1 Trillion on October 1, 2019 the start date for FY2020, therefore the GAAP Deficit in FY2020 will be >$27.5 Trillion (>$153.6T-$126.1T = >$27.5T).
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 be downloaded from my www.usaponzi.net website.
This is the biggest ($153.6 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Great American Fraud” and “The Biggest Ponzi Scheme on the Planet”!
John W. White