Cathie Wood Goes Ten-fold Down on Insanity 210915
September 15, 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 9/15/21
Cathie Wood's investment insanity continues!
Cathie Wood, considered to be the most successful investor you have never heard of, does not understand that the corrupt U.S. Government has fraudulently printed $156.4 Trillion of counterfeit money and given it to the U.S. upper class to create her fraudulent success as an investor!
This is insanity!
Cathie Wood did not just double down on insanity, she went ten-fold down on insanity at the SALT conference on Monday! My August 20, 2021 commentary Cathie Wood ARK Investment Insanity 210820 explains how she has been fooled by the corrupt U.S. Government fiscal and accounting fraud that I call USAPonzi!
Cathie Wood continues to be fooled by the corrupt U.S. Government! The corrupt U.S. Government is “cooking the books” to print an infinite amount of counterfeit money and Cathie Wood, like almost everyone else, has no clue that this is happening!
Cathie Wood is in for an embarrassing, and worse yet devastating, surprise when the Ponzi scheme that I call USAPonzi implodes!
Cathie Wood predicts bitcoin will surge to $500,000 in 5 years - and says Ark Invest's confidence in ether has shot up dramatically
Sep. 14, 2021
--Bitcoin will rise ten-fold to $500,000, Cathie Wood predicted at the SALT Conference on Monday.
--Ark Invest's confidence in ether has gone up dramatically after its 2.0 upgrade, she said.
--"We'd still probably do 60% bitcoin, 40% ether," she said.
Ark Invest CEO Cathie Wood expects bitcoin to soar to $500,000 in five years, and her firm's conviction in ether has strengthened tremendously, the star stock-picker said in an interview with CNBC anchor Andrew Ross Sorkin at the SALT Conference on Monday.
Her price prediction depends on whether companies continue to diversify their balance sheets into the biggest cryptocurrency by market value and institutional investors begin to allocate 5% of their funds to it.
If that happens, "we believe that the price will be ten-fold of where it is today," she said. "So instead of $45,000, over $500,000."
Wood told Sorkin earlier in the interview her general price targets are made with a five-year horizon in mind.
What Cathie Wood has not yet discovered is that the corrupt U.S. Government is in the process of printing an infinite amount of counterfeit money by fraudulently borrowing it from the future Americans and giving it to the U.S. upper class by undertaxing them which causes the stock market, bitcoin, and ether to all fraudulently go up exponentially!
I am a whistleblower! The U.S. Government is corrupt!
The corrupt U.S. Government is “cooking the books” to print an infinite amount of counterfeit money so Americans can fraudulently buy an infinite amount of stuff, without paying for any of it!
The corrupt U.S. Government is “cooking the books” by not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting)!
GAAP Basis Deficit Spending by the corrupt U.S. Government prints counterfeit money and the corrupt U.S. Government has already printed $156.4 Trillion of counterfeit money!
The corrupt U.S. Government is “cooking the books” by not operating its fiscal policy with proper accrual accounting (GAAP Accounting) and as a result is running a classic Ponzi scheme, I call it USAPonzi, that is in the process of printing an infinite amount of counterfeit money, I call it imaginary-counterfeit money, by fraudulently borrowing it from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!
This Ponzi scheme/accounting fraud started in 1969 when a scoundrel, Lyndon Baines Johnson, proposed and the corrupt U.S. Congress approved the fraudulent Unified Budget!
The following chart gives a graphical projection of how the corrupt U.S. Government, with the current Ponzi scheme fiscal policy, could fraudulently borrow over a Quadrillion dollars (a thousand Trillion dollars) of imaginary-counterfeit money from the future Americans by 2041 and give it to the U.S. upper class so Americans can fraudulently buy stuff with imaginary-counterfeit money!
WAKE UP PLANET EARTH!
WAKE UP CATHIE WOOD!
The corrupt U.S. Government is “cooking the books” so the current Americans can fraudulently buy an infinite amount of stuff and charge it all to the future Americans! The current Americans are buying stuff with imaginary-counterfeit money (monopoly money) that the corrupt U.S. Government is pretending to borrow from the future Americans and give to the U.S. upper class by undertaxing them!
This imaginary-counterfeit money is masquerading as real money when it does not exist (imaginary) and has no value (counterfeit)!
Americans, primarily the U.S. upper class, have not paid for hardly anything with real money since FY1969 when USAPonzi was launched! But we have put $156.4 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) on the credit card of the future Americans!
When USAPonzi implodes, this imaginary-counterfeit money will evaporate, nobody will have any money, and we will fall into The Greatest Depression!
|US National Debt
|Cash Deficit in FY2021
|GAAP Deficit in FY2021
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|US Total National Assets
Source: www.usdebtclock.org September 15, 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 be downloaded from my websites in pdf format.
My commentary Fed-Asleep At The Switch 210901 gives a summary of the issues that this Ponzi scheme/accounting fraud is causing!
John W. White