USAPonzi-The Biggest Ponzi Scheme on the Planet-The U.S. Government

                    Copyright Declaration                                                                                                                                       John W. White    March 29, 2013

Intuit Insanity Parabolic by US Gov Fraud 211122
November 22, 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 11/22/21


Intuit stock
is soaring because the U.S. Government is corrupt!


This commentary is the same song umpteenth verse because many stocks look like they are doing great because the corrupt U.S. Government is printing an infinite supply of counterfeit money and giving it to the U.S. upper class!


Intuit 
has seen its stock price and market cap increase at an insane parabolic rate over the last few years because the corrupt U.S. Government is printing an infinite supply of counterfeit money!


The corrupt U.S. Government has borrowed $161.2 Trillion of counterfeit money from the future Americans and given it to the U.S. upper class so the current Americans can buy a whole-hell-of-a-lot of software from Intuit with monopoly money!


I am a whistleblower! The U.S. Government is corrupt! The corrupt U.S. Government is “cooking the books” (See
USAPonzi-The Great American Fraud)!


The corrupt U.S. Government is “cooking the books” by not operating its fiscal policy with proper accrual accounting!


The corrupt U.S. Government is promising future benefits to the U.S. general public but is not taxing the U.S. upper class to pay for these future benefits!


We live on a Planet of Fools! The entire planet refuses to believe that the corrupt U.S. Government would print $161.2 Trillion of counterfeit money and give it to the U.S. upper class!


People should start getting suspicious that something unusual is happening when Intuit’s stock price increases from $24.40 (Jan 2, 2009) to $692.34 (Nov 19, 2021) in 13 years!


People should start getting suspicious that something unusual is happening when Intuit’s market cap doubles in one year ($91.8 Billion (Nov 20, 2020) to $189.2 Billion (Nov 19, 2021)!




The unusual thing that is happening is that the corrupt U.S. Government is borrowing an infinite amount of counterfeit money (so far $161.2 Trillion) from the future Americans and giving it to the U.S. upper class so the current Americans can buy an infinite amount of software from Intuit with monopoly money!


Market
Watch
Earnings Results
Intuit stock soars toward record after acquisitions fuel earnings beat, increased guidance
Nov. 19, 2021
By Jeremy C. Owens


Software company tops $2 billion in revenue and destroys earnings expectations, says that annual performance will be juiced by acquisitions of Credit Karma and MailChimp


 

Intuit Inc. shares jumped 9% and headed toward record highs in after-hours trading Thursday, after the software company raised its annual guidance while integrating recent acquisitions.


Intuit INTU, +10.08% reported fiscal first-quarter earnings of $228 million, or 82 cents a share, on sales of $2.01 billion, up from $1.32 billion a year ago. After adjusting for stock-based compensation and other costs, the company known for accounting software like TurboTax and QuickBooks reported earnings of $1.53 a share, up from 94 cents a share a year ago and far ahead of analysts’ estimates. Analysts on average had projected adjusted earnings of 97 cents a share on sales of $1.81 billion, according to FactSet.


Intuit also added more than $1 billion to its revenue guidance for the full year, crediting the $12 billion acquisition of MailChimp, which closed on Nov. 1, as well as last year’s purchase of Credit Karma, which reported record quarterly revenue of $418 million Thursday. Intuit now expects adjusted full-year earnings of $11.48 to $11.64 a share on sales of $12.17 billion to $12.3 billion, after previously stating $11.05 to $11.25 a share on revenue of $11.05 billion to $11.2 billion.


This is insanity! This is insanity on steroids! This is stupidity! This is stupidity on steroids!


This insanity makes the Mailchimp acquisition look brilliant!


But the Mailchimp folks pulled a fast one on Intuit!


Intuit appears to have a market cap of $189.2 Billion simply because the corrupt U.S. Government has pulled $161.2 Trillion of counterfeit money “out of a hat” and given it to the U.S. upper class!


The corrupt U.S. Government is borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class so the current Americans can buy stuff from Intuit, Nvidia, Apple, Amazon, Microsoft, Netflix, Tesla, Nike, Rivian, etc. etc. with monopoly money!


Wall Street
has not yet discovered that the corrupt U.S. Government is printing an infinite amount of counterfeit money so Intuit, and many other companies, can sell a whole-hell-of-a-lot of stuff!


By printing $161.2 Trillion of counterfeit money and giving it to the U.S. upper class, the corrupt U.S. Government has created a “bird’s nest on the ground” for Intuit!


When this corruption within the U.S. Government is exposed, Intuit's stock price and market cap will both converge to ZERO!


I am a
whistleblower! The U.S. Government is corrupt! The corrupt U.S. Government is “cooking the books”!


The corrupt U.S. Government is committing a fiscal and accounting fraud, I call it USAPonzi, by not operating its fiscal policy with proper accrual accounting! The corrupt U.S. Government has fraudulently borrowed $161.2 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class by undertaxing them so the current Americans can buy a whole-hell-of-a-lot of stuff with monopoly money!


The corrupt U.S. Government is 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 fraud was started in 1969 when a scoundrel, Lyndon Baines Johnson, proposed and the corrupt U.S. Congress approved the Unified Budget but did not switch from Cash Accounting to GAAP Accounting that would properly accrue the money to pay future U.S. Government benefits to the U.S. general public!


The following notional chart shows how the corrupt U.S. Government started fraudulently borrowing imaginary-counterfeit money from the future Americans in 1969 and, so far, has fraudulently borrowed $161.2 Trillion from the future Americans and given it to the U.S. upper class!


This chart also 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 the entire planet can buy a whole-hell-of-a-lot more software from Intuit with a Quadrillion dollars of imaginary-counterfeit money!





My commentary PEMMA-Planet Earth Man-Made Apocalypse 211101 explains the epic financial, economic, physical, and humanitarian disaster that is just ahead for Planet Earth because of this corruption within the U.S. Government!


The fools on Wall Street have been fooled by the criminals in Washington! In the defense of Wall Street, the corrupt U.S. Government may have fooled itself! We do not yet know if the people in the U.S. Government are accidental fools or intentional criminals! I suggest that we have some of each but they are all criminals whether they know it or not!

 

US National Debt  $29.0 Trillion 
Cash Deficit in FY2022  $2.80 Trillion 
GAAP Deficit in FY2022 
$15.15 Trillion 
US Unfunded Future Liabilities  $132.2 Trillion 
US Unfunded Liabilities (GAAP)  $161.2 Trillion 
Imaginary-Counterfeit Money 
$161.2 Trillion 
US Total National Assets 

$202.7 Trillion 

Source: www.usdebtclock.org November 22, 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.


John W. White

Plano, TX