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

FANG Miracle/Debacle
October 16, 2017   Emailed to WSJ/NYT/DMN on 10/16/17


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times” and “The Dallas Morning News” that explains why the FANG stocks (Facebook, Amazon, Netflix, and Google) have appeared to be so successful and how most of this success will vanish when the U.S. Government starts using honest accounting.


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”!


FANG Miracle/Debacle

October 16, 2017


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


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 it is a key provider of the equipment to enable these FANG companies.

FANG Stocks 
Founded 
Market Cap 
Facebook 
2004 
$504.6 Billion 
Amazon 
1994 
$481.8 Billion 
Apple 
1976 
$810.9 Billion 
Netflix 
1997 
$86.1 Billion 
Google 
1998 
$690.4 Billion 


These 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 (See American Accounting Fraud)!


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


1) this fraud has provided the funds, $107.8 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.


The U.S. Government is using Cash Accounting rather than the proper GAAP Accounting which has fraudulently borrowed $107.8 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.


USAPonzi has made possible the apparent miracle success of these 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 lot less money to spend on FANG products.


When USAPonzi implodes, both the wealth (now $107.8T) and income ($5.49T in FY2018) 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 $107.8 Trillion of imaginary-counterfeit money out of “thin air so that we can pay for and enjoy these FANG products.


The U.S. Government is committing fiscal and accounting fraud by not using GAAP Accounting, and as a result has dramatically and fraudulently elevated the standard of living in America which 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 U.S. Government is fraudulently borrowing money from the future Americans, that the future Americans do not have, to create the FANG miracle!

 

National Debt 
$20.4 Trillion 
Cash Deficit in FY2018 
$0.69 Trillion 
GAAP Deficit in FY2018 
$5.49 Trillion 
US Unfunded Future Liabilities 
$87.4 Trillion 
US Unfunded Liabilities (GAAP) 
$107.8 Trillion 
Imaginary-Counterfeit Money 
$107.8 Trillion 
Total National Assets  $134.3 Trillion 

Source: www.usdebtclock.org Oct 16, 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 ($107.8 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.


John W. White

Plano, TX