Apple Imaginary Cash Hoard
November 4, 2017 Emailed to WSJ/NYT/DMN on 11/4/17
The following is an Op-Ed to “The Wall Street Journal”, “The New York Times” and “The Dallas Morning News” that explains how Apple has $268 Billion in the bank. Apple has $268 Billion in the bank because the U.S. Government is corrupt!
The “news media” has an ethical responsibility to inform the general public of how the U.S. Government is committing fiscal and accounting fraud to cheat the general public and the rest of the planet so they can “feather their own nests” and “dramatically feather the nests of their upper-class friends”!
Apple Imaginary Cash Hoard
November 4, 2017
Apple has $268 Billion in the bank because the U.S. Government is corrupt!
The U.S. Government is corrupt! The U.S. Government is being run by a bunch of criminals! The U.S. Government is committing fiscal and accounting fraud! The U.S. Government is not using proper GAAP Accounting! The U.S. Government is running a classic Ponzi scheme that is creating money out of “thin air”!
The U.S. Government, by using fraudulent accounting, has borrowed $108.8 Trillion from the future Americans and given it to the U.S. upper class! The U.S. Government is borrowing money from the future Americans, that the future Americans do not have, to create $108.8 Trillion of imaginary-counterfeit money!
Americans are buying tons of iPhones with the $108.8 Trillion of imaginary-counterfeit money that the corrupt U.S. Government has fraudulently borrowed from the future Americans! That is why we have long lines at the Apple stores! Americans are buying stuff, all kinds of stuff, with the imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans.
That is why Apple has $268 Billion in the bank. That is why Apple has a market cap of $900 Billion! That is why Tim Cook says the 4th quarter will be the best quarter in the history of Apple. The U.S. Government is borrowing an exponentially increasing amount of imaginary-counterfeit money from the future Americans so in 4Q 2017 we will have more money in our pockets than we have ever had. The U.S. Government is borrowing $5.65 Trillion from the future Americans in FY2018 so all Americans can have an iPhone and so Apple can put a lot more imaginary-counterfeit money in the bank!
The U.S. Government has got to start telling the financial truth!
All of this imaginary-counterfeit money, currently $108.8 Trillion, will evaporate into the “thin air” from whence it came when the U.S. Government finally admits to the fact that it is running a Ponzi scheme!
The U.S. Government is committing a fiscal and accounting fraud that is creating money out of “thin air” by operating with Cash Accounting rather than the proper GAAP Accounting and giving this imaginary-counterfeit money to the U.S. upper class. This is why every American can own an iPhone and why Apple has an imaginary cash hoard of $268 Billion of imaginary-counterfeit money!
We have a corrupt U.S. Government!
|Cash Deficit in FY2018
|GAAP Deficit in FY2018
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org Nov 4, 2017
To eliminate this fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.
I have published a website www.usaponzi.net that explains how this fraud works to create a massive global wealth and income gap between the haves and the have-nots and to create false wealth and prosperity for the current Americans. The www.usaponzi.net website is an introduction to my more detailed website www.usaponzi.com and my books “USAPonzi” (Nov 22, 2015) and “USAPonzi2” (May 1, 2017) which are available on Amazon to better explain this fraud/Ponzi scheme.
This fraud/Ponzi scheme is also explained in “short story style” in my October 1, 2017 commentary USAPonzi CliffsNotes and in my October 8, 2017 commentary USAPonzi Elevator Speech.
This is the biggest ($108.8 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.
John W. White