Netflix $235.8 Billion Market Cap by Fraud! 201008
October 8, 2020
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 10/9/20

In this commentary, I will explain why Netflix and all of the FANG stocks have such outrageously high market caps!

The short answer is this; the U.S. Government is printing an infinite amount of counterfeit money and giving it to the U.S. upper class! 

The U.S. Government is corrupt!

My Whistleblower Letter #6 to the U.S. Congress 201005 explains this corruption to the U.S. Congress!

My Quintet of Global Crises 201001 commentary explains how this U.S. Government corruption is Destroying Planet Earth!

Netflix has a ridiculous/absurd market cap, currently $235.8 Billion, because the U.S. Government is corrupt! The corrupt U.S. Government has printed $154.8 Trillion of counterfeit money by fraudulently borrowing it from the future Americans and giving it to the U.S. upper class so the current Americans can fraudulently buy a whole-hell-of-a-lot of movies and movie subscriptions from Netflix!

Netflix has a ridiculous/absurd $235.8 Billion market cap because the corrupt U.S. Government is committing a fiscal and accounting fraud that is in the process of printing an infinite amount of counterfeit money so the current Americans can buy an infinite amount of movies and movie subscriptions from Netflix!

The corrupt U.S. Government has fraudulently borrowed $154.8 Trillion of counterfeit money from the future Americans so the current Americans can watch a lot of Netflix movies, buy a lot of iPhones from Apple, buy a lot of cars from Tesla, buy a lot of airplanes from Boeing, buy a lot of tennis shoes from Nike, buy a lot of stuff from Amazon, build a lot of nice houses for the U.S. upper class, etc. etc. etc.!

The corrupt U.S. Government is fraudulently borrowing an unending and ever-increasing amount of counterfeit money from the future Americans, and more every day, to keep this party going!

The U.S. Government is not operating its fiscal policy with proper GAAP Accounting also called accrual accounting! Because the U.S. Government is not accruing for future benefits, the U.S Government is deferring public liabilities (US Unfunded Liabilities (GAAP) = $154.8 Trillion) to the future Americans! By not accruing for future benefits, the corrupt U.S. Government is fraudulently borrowing counterfeit money from the future Americans and giving it to the U.S. upper class with GAAP basis deficit spending!

I call this fraudulently borrowed money imaginary-counterfeit money since it does not exist (imaginary) and has no value (counterfeit)! The corrupt U.S. Government is pretending like the future Americans will someday find an infinite pot of gold at the end of the rainbow and be able to pay what is currently $154.8 Trillion of public liabilities!

The following table shows how Netflix's market cap increases as the corrupt U.S. Government borrows more and more imaginary-counterfeit money from the future Americans so people all over the planet can buy more and more movies and movie subscriptions from Netflix!

Netflix Market Cap vs. Imaginary-Counterfeit Money

The following chart shows how the market cap of Netflix is converging toward infinity as the amount of imaginary-counterfeit money the corrupt U.S. Government is printing is converging toward infinity! 

                   Netflix Market Cap 2006-2020
                  Source: macrotrends.net 


The corrupt U.S. Government is in the process of fraudulently borrowing an infinite amount of imaginary-counterfeit money from the future Americans and giving it to the U.S. upper class so Netflix can sell an infinite number of products, generate an infinite amount of revenue, make an infinite amount of profit, and give Netflix an infinite market cap!

$154.8 Trillion of imaginary-counterfeit money can buy a whole-hell-of-a-lot of movies! The corrupt U.S. Government has fraudulently borrowed $154.8 Trillion 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 movies from Netflix!

My Whistleblower Letter #3 to the U.S. general public explains how this U.S. Government fraud and corruption is screwing the U.S. general public!

GAAP basis deficit spending by the U.S. Government prints imaginary-counterfeit money and gives it to the U.S. upper class by undertaxing them!

The Market Cap of Netflix will converge rapidly toward ZERO when this U.S. Government corruption is properly exposed!

This accounting fraud can only be equitably eliminated by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government!

Source: www.usdebtclock.org October 8, 2020
*usdebtclock.org has stopped explicitly reporting the GAAP Deficit. The GAAP Deficit is implicitly reported as the change in US Unfunded Liabilities (GAAP). US Unfunded Liabilities (GAAP) were $126.1 Trillion on October 1, 2019 the start date for FY2020 and $154.7 Trillion on September 30, 2020 the end of FY2020, therefore the GAAP Deficit in FY2020 as estimated by usdebtclock.org was $28.6 Trillion ($154.7T-$126.1T = $28.6T).

I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain this accounting fraud and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can be downloaded from my www.usaponzi.net website.

This is the biggest ($154.8 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Great American Fraud” and “The Biggest Ponzi Scheme on the Planet”!

John W. White
Plano, TX