The Biggest Ponzi Scheme on the Planet-The U.S. Government
"American Economic Exceptionalism Explained"  USAPonzi    Copyright Declaration     by John W. White   Mar 29, 2013

FANG Miracle/Debacle 210417
April 17, 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 4/17/21


FANG to Infinity by Fraud!


This is a reprise of my August 30, 2018 commentary of the same name that explains why the FANG stocks are worth Billions and Trillions! These companies have outrageous market caps because the U.S. Government is corrupt! The story has not
 changed at all since my earlier commentaries, but the numbers have just gotten more outrageous because the corrupt U.S. Government has printed a whole lot more counterfeit money!


Imaginary-Counterfeit Money

August 30, 2018   $114.5 Trillion
    April 17, 2021   $162.6 Trillion


The corrupt U.S. Government is fraudulently borrowing a whole lot of money, so far $162.6 Trillion (US Unfunded Liabilities (GAAP)), from the future Americans and giving it to the U.S. upper class so we can buy a whole lot of stuff from these FANG companies and charge these purchases to the future Americans!


Yes, you read that right, the corrupt U.S. Government is fraudulently borrowing money from the future Americans so we can buy stuff and not have to pay for it!


Facebook, Amazon, Apple, Netflix, and Google have appeared to become dramatically successful companies because of U.S. Government fiscal and accounting fraud!


The corrupt and criminal U.S. Government is printing counterfeit money, $162.6 Trillion so far, so that we can buy a whole lot of products and services from the FANG companies!


Americans can buy a whole lot of stuff with $162.6 Trillion of imaginary-counterfeit money!


The business media has coined the term “FANG stocks” to reference a collection of stocks that have achieved dramatic financial success over the last few years. These stocks are Facebook, Amazon, Netflix, and Google. These stocks have appeared to become dramatically successful in just the last two decades. I contend that Apple should be included in this collection of FANG stocks, even though Apple is a much older company, because Apple is a key provider of the equipment to enable these FANG companies.


The following table shows how the market cap of these FANG Stocks is continuing to increase as the corrupt U.S. Government prints more imaginary-counterfeit money!



Oct 16, 2017  Aug 29, 2018  Apr 17, 2021
FANG Stocks 

  Founded 

Market Cap  Market Cap  Market Cap 
Facebook  2004  $504.6B 
$507.9B  $875B 
Amazon  1994  $481.8B  $974.6B  $1,700B 
Apple  1976  $810.9B  $1077.0B  $2,260B 
Netflix  1997  $86.1B  $160.3B  $243B 
Google  1998  $690.4B  $690.4B  $1,545B 
Counterfeit Money  FY1969  $107.8T  $114.5T  $162.6T 

              

My commentary (Imaginary-Counterfeit Money-current) gives a graphical projection of how I predict public liabilities, imaginary-counterfeit money, and the wealth of the U.S. upper class will increase over the next few years if this U.S. Government corruption is allowed to continue!


The market cap of the FANG companies will converge toward infinity if the corrupt U.S. Government continues to operate its fiscal policy with this fraudulent accounting! This fraudulent accounting is in the process of printing an infinite amount of imaginary-counterfeit money!


These FANG stocks all share two significant attributes; they all offer outstanding products and they all have benefited dramatically from the U.S. Government fiscal and accounting fraud that I call USAPonzi!


This accounting fraud has done two things to promote the success of these FANG companies;


1) this fraud has provided the funds, $162.6 Trillion of imaginary-counterfeit money, to buy their products and


2) this fraud has provided the free time for Americans to use and enjoy these products. Many Americans do not have to work because they are living on the imaginary-counterfeit money that the corrupt U.S. Government is fraudulently borrowing from the future Americans!


The U.S. Government is using Cash Accounting rather than the proper GAAP Accounting which has fraudulently borrowed $162.6 Trillion of imaginary-counterfeit money from the future Americans and given it to the current Americans. Many Americans do not have to work for a living because this U.S. Government fraud has provided the money to give them enough income to survive and enough money to buy products and services from the FANG companies.


This accounting fraud, using Cash Accounting rather than proper GAAP Accounting, has produced a classic Ponzi scheme that I have named USAPonzi!


USAPonzi has made possible the apparent miracle success of these FANG companies but all of these companies will suffer a dramatic financial debacle when USAPonzi implodes. When USAPonzi implodes, Americans will have to start working for a living rather than relying on fraudulently financed U.S. Government benefits and all Americans will have a whole lot less money to spend on FANG products and services!


When USAPonzi implodes both the wealth (now about $162.6 Trillion US Unfunded Liabilities (GAAP)) and income (now about $14.82 Trillion GAAP Deficit in FY2021) that this Ponzi scheme currently provides will evaporate! Most Americans will not have the money to buy or the time to use these FANG products. Most Americans will not be able to afford a smartphone, a smartphone subscription, a Netflix subscription, or Amazon products, and the ad spending on Facebook and Google will be dramatically reduced.


FANG stocks appear to be successful because the U.S. Government has fraudulently produced $162.6 Trillion of imaginary-counterfeit money out of “thin air” so that we can buy and enjoy these FANG products. GAAP basis deficit spending prints imaginary-counterfeit money at the current rate of $40.6 Billion a day!


The corrupt U.S. Government is committing fiscal and accounting fraud by not using proper GAAP Accounting, and as a result has dramatically and fraudulently elevated the standard of living in America , colossally and fraudulently elevated the standard of living of the U.S. upper class, and has made these FANG companies appear to be dramatically successful!


USAPonzi has produced the FANG miracle!


The Implosion of USAPonzi will produce the FANG debacle!


The corrupt U.S. Government is fraudulently borrowing money from the future Americans, money that the future Americans do not have, and giving it to the current Americans to create the FANG miracle!


The U.S. Government is corrupt!


The senior officials of the U.S. Government are common criminals that have committed a $162.6 Trillion criminal act by not operating its fiscal policy with proper accrual accounting! The senior officials of the U.S. Government are common criminals because they are direct financial beneficiaries of this massive fraud! The corrupt and criminal U.S. Government is overpaying itself with imaginary-counterfeit money!


We have 535 criminals in the U.S. Congress and an untold number of criminals in the White House!

 

US National Debt  $28.2 Trillion 
Cash Deficit in FY2021  $3.25 Trillion 
GAAP Deficit in FY2021 
$14.82 Trillion 
US Unfunded Future Liabilities  $134.4 Trillion 
US Unfunded Liabilities (GAAP)  $162.6 Trillion 
Imaginary-Counterfeit Money 
$162.6 Trillion 
US Total National Assets 

$161.3 Trillion 

Source: www.usdebtclock.org April 17, 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