Facebook-A $900B Joke by US Gov Fraud 210507
May 7, 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 5/7/21
Facebook is a Joke! Facebook is a $900 Billion Joke!
The U.S. Government is playing an accounting trick on Planet Earth and Facebook is a major beneficiary of this accounting trick!
Facebook is now a giant company ($900B market cap) that is built on the accounting trick that is being played on Planet Earth by the corrupt U.S. Government!
Facebook is actually worth almost nothing!
The corrupt U.S. Government is “cooking the books”!
The corrupt U.S. Government is fraudulently borrowing an infinite amount of money from the future Americans and giving it to the U.S. upper class which is making Facebook appear to be quite valuable!
The corrupt U.S. Government is promising and paying benefits to the U.S. general public but is not using proper and Generally Accepted Accounting Principles (GAAP Accounting) to accrue the money to pay future benefits!
The U.S. general public is getting cheated, so far by $119.5 Trillion, because the U.S. Government is not accruing for future benefits and these future benefits for the U.S. general public are now unfunded!
The U.S. upper class is getting enriched, so far by $147.8 Trillion, because the U.S. Government is not accruing for future benefits and the U.S. upper class has been undertaxed!
The rest of the planet is getting cheated because Americans are buying stuff with imaginary-counterfeit money, so far $147.8 Trillion, that the U.S. Government is fraudulently borrowing from the future Americans! Americans are buying stuff with monopoly money!
Because the U.S. Government is not using proper GAAP Accounting, the corrupt U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is fraudulently borrowing an infinite amount of money from the future Americans, I call it imaginary-counterfeit money, and giving it to the current Americans, primarily the U.S. upper class, so the current Americans can buy an infinite amount of stuff without paying for any of it so Facebook can sell an infinite amount of ads to the sellers of this stuff to entice the people using Facebook to buy this stuff with the imaginary-counterfeit money that the corrupt U.S. Government has fraudulently borrowed from the future Americans!
This is fraud because the corrupt U.S. Government is borrowing money from the future Americans that the future Americans do not have! This is not a small fraud! The corrupt U.S. Government has already fraudulently borrowed $147.8 Trillion of imaginary-counterfeit money from the future Americans to get Facebook's market cap to $900 Billion but with this Ponzi scheme the sky is the limit for Facebook's market cap!
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 over the next three decades and give it to the U.S. upper class so Americans can buy a whole lot more stuff with monopoly money and Facebook can sell a whole lot more ads!
The corrupt U.S. Government is lying to and cheating the U.S. general public by promising but not funding future benefits so they can enrich the U.S. upper class with trillions of imaginary-counterfeit money so Americans can buy a whole lot of stuff with monopoly money and Facebook can sell a whole lot of ads!
The U.S. general public is not going to be happy when they find out that they are being cheated so that Mark Zuckerberg and the rest of the U.S. upper class can get really rich with imaginary-counterfeit money and the investors in Facebook can make a lot of imaginary-counterfeit money!
Facebook's market cap will be essentially ZERO when this Ponzi scheme that I call USAPonzi implodes and this imaginary-counterfeit money evaporates!
Facebook is a $900 Billion Joke!
|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 May 7, 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