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

                    Copyright Declaration                                                                                                                                       John W. White    March 29, 2013

Apple Blowout Quarter by US Gov Fraud 210430
April 30, 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 4/30/21


Apple is doing great because the corrupt U.S. Government is “cooking the books”!


Apple is doing great because the current Americans are buying iPhones with the $162.9 Trillion of counterfeit money that the corrupt U.S. Government has fraudulently borrowed from the future Americans!


Apple
is doing great because the corrupt U.S. Government has committed a $162.9 Trillion fiscal and accounting fraud!


The corrupt U.S. Government is cheating the U.S. general public by not accruing for future U.S. Government benefits so Apple can appear to be worth over $2 Trillion! At market close April 28, 2021 the Apple market cap was $2.24 Trillion!


Apple's market cap will converge to INFINITY as long as the corrupt U.S. Government continues to operate this fiscal and accounting fraud!


Apple's market cap will be essentially ZERO when this U.S. Government fiscal and accounting fraud is exposed!


Apple just reported a blowout quarter! Apple had outrageous gains in revenue, profit, and units sold because the corrupt U.S. Government has fraudulently borrowed $162.9 Trillion from the future Americans so the current Americans can buy a lot of iPhones!


The more the corrupt U.S. Government borrows from the future Americans the more the current Americans have to spend on iPhones! The corrupt U.S. Government is borrowing money from the future Americans that the future Americans do not have so the current Americans can keep on buying more and more stuff and charging it to the future Americans!


The corrupt U.S. Government is in the process of printing an infinite amount of counterfeit money so the entire planet can buy an infinite number of iPhones!


Apple has a bird's nest on the ground! The corrupt U.S. Government prints counterfeit money by borrowing money from the future Americans when the future Americans do not have any money so the current Americans can buy a lot of iPhones!


The stock market is a hoax because the corrupt U.S. Government has printed $162.9 Trillion of counterfeit money so the current Americans can buy stuff without having to pay for any of it!


GAAP Accounting, properly applied, would inform the corrupt U.S. Government that it has fraudulently borrowed $162.9 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans so the U.S. upper class can get really rich and so Apple can sell a whole-hell-of-a-lot of iPhones!


Everybody on the planet is buying iPhones with counterfeit money that the corrupt U.S. Government is fraudulently borrowing from the future Americans!


CNBC Tech
Apple reports another blowout quarter with sales up 54%, authorizes $90 billion in share buybacks

PUBLISHED WED, APR 28, 2021
Kif Leswing
@KIFLESWING

KEY POINTS
Apple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and significantly stronger profits than Wall Street expected.


Apple did not issue official guidance for what it expects in the quarter ending in June.


Apple authorized $90 billion in share buybacks.



Apple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and significantly stronger profits than Wall Street expected.


Apple stock rose over 4% in extended trading.  

 
Apple reported double-digit growth in every single one of its product categories, and its most important product line, the iPhone, was up 65.5% from last year. Its Mac and iPad sales did better, with its computers up 70.1% and iPad sales growing nearly 79% on an annual basis.


Apple said it would increase its dividend by 7% to $0.22 per share and authorized $90 billion in share buybacks, which is significantly higher than last year’s $50 billion outlay and 2019′s $75 billion.


Here’s how Apple did versus Refinitiv estimates:


EPS: $1.40 vs. $0.99 estimated


Revenue: $89.58 billion vs. $77.36 billion estimated, up 53.7% year-over-year


iPhone revenue: $47.94 billion vs. $41.43 billion estimated, up 65.5% year-over-year 


The corrupt U.S. Government is “cooking the books” by not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting)! The corrupt U.S. Government is 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 is running a classic Ponzi scheme, I call it USAPonzi, that is in the process of 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!


So far, the corrupt U.S. Government has fraudulently borrowed $162.9 Trillion of imaginary-counterfeit money (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class so the current Americans can buy a lot of iPhones!


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 and give it to the U.S. upper class by 2040 if this accounting fraud is allowed to continue so we can keep buying more iPhones!






A Quadrillion dollars could buy a whole-hell-of-a-lot of iPhones!


Because the corrupt U.S. Government is not using proper GAAP Accounting to accrue for future U.S. Government benefits, usdebtclock.org estimates that the U.S. Government will borrow about $14.41 Trillion (GAAP Deficit in FY2021) of imaginary-counterfeit money from the future Americans in FY2021 so the current Americans can buy a lot of iPhones, cars, airplanes, houses etc etc!


This means that the corrupt U.S. Government is fraudulently borrowing about $40 Billion of imaginary-counterfeit money every day in FY2021 from the future Americans so the current Americans, primarily the U.S. upper class, can buy a lot more iPhones and other stuff (GAAP Deficit in FY2021 = $14.41T/365 days = $39.48B/day)!


Apple is doing great because the corrupt U.S. Government is “cooking the books”!



US National Debt  $28.2 Trillion 
Cash Deficit in FY2021  $3.25 Trillion 
GAAP Deficit in FY2021 
$14.41 Trillion 
US Unfunded Future Liabilities  $134.7 Trillion 
US Unfunded Liabilities (GAAP)  $162.9 Trillion 
Imaginary-Counterfeit Money 
$162.9 Trillion 
US Total National Assets 

$161.6 Trillion 

Source: www.usdebtclock.org April 30, 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