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

Nike is Successful by U.S. Government Fraud 200919
September 19, 2020
Emailed to The United Nations, Fed Chair Jay Powell, St Louis Fed President James Bullard, 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, and NYT/WSJ/WP/DMN/CNBC on 9/19/20.


Nike has been amazingly successful because the U.S. Government is amazingly corrupt!


The corrupt U.S. Government is committing a fiscal and accounting fraud by not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting) also called accrual accounting!


The corrupt U.S. Government has been printing counterfeit money for the last 51 years so Phil Knight (Nike founder) can appear to get really rich! Phil Knight has a net worth that is estimated to be $45.9 Billion because the corrupt U.S. Government has printed $154.5 Trillion of counterfeit money!


Michael Jordan ($1.9 Billion) and Tiger Woods ($800 Million) have both appeared to get amazingly rich because Nike has appeared to be amazingly successful because the U.S. Government is amazingly corrupt!


Nike
has been amazingly successful because the corrupt U.S. Government has fraudulently borrowed $154.5 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans, money the future Americans do not have, and given it to the U.S. upper class so the current Americans can buy a ton of stuff from Nike without paying for any of it!


Nike was founded on January 25, 1964. In FY1969, the corrupt U.S. Government adopted the Unified Budget that started the process of borrowing an infinite amount of money, I call it imaginary-counterfeit 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 an infinite amount of stuff from Nike without having to pay for any of it!


Nike
went public in 1980 and by October 26, 2018 Nike had had a return to its investors of 5,215,478%! This is ABSURD! This is FRAUDFraudulently borrowing 
$154.5 Trillion of imaginary-counterfeit money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class, has allowed the current Americans to buy a ton of stuff from Nike and charge it all to the future Americans!


The current Americans, especially the U.S. upper class, are buying a ton of stuff from Nike with money that the corrupt U.S. Government has fraudulently borrowed from the future Americans!


Investopedia
If You Had Invested Right after Nike's IPO
By Nathan Buehler
Updated Oct 26, 2018


Nike, Inc (NYSE: NKE) is a worldwide leader in athletic apparel. The famous swoosh logo was created in 1971, nine years before the company went public. If you had invested $1,000 during Nike's initial public offering (IPO) without reinvesting dividends, your investment would be worth $52.15 million in October 2018. This represents a 5,215,378% return.


The corrupt U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is enriching the U.S. upper classcheating the U.S. general public, and making Nike appear to be an amazingly successful company (See USAPonzi-The Great American Fraud)!


When the corrupt U.S. Government promises and pays U.S. Government benefits to the U.S. general public but does not accrue the money to pay for these benefits by taxing the U.S. upper class, the U.S. upper class gets rich and the U.S. general public gets screwed! The U.S. upper class has appeared to have gotten very rich (by $154.5 Trillion) simply because the corrupt U.S. Government has fraudulently borrowed $154.5 Trillion from the future Americans (US Unfunded Liabilities (GAAP)), money the future Americans do not have, and given it to the U.S. upper class by undertaxing them!


The problem with this picture is that the future Americans do not have $154.5 Trillion!


This fiscal and accounting fraud has made Nike appear to be very successful, has made Phil Knight appear to be very rich, and has hoodwinked the U.S. general public into thinking they will get paid future benefits that are unaffordable and unfunded!


The U.S. Government must operate its fiscal policy according to GAAP Accounting (accrual accounting) in order to provide a level economic playing field for the U.S. general public relative to the U.S. upper class!


The following chart shows how the market cap of Nike is continuing on a path toward infinity because 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!

 


The corrupt U.S. Government is in the process of fraudulently borrowing an infinite amount of imaginary-counterfeit money from the future Americans, money the future Americans do not have, so the current Americans can buy an infinite amount of everything including a ton of stuff from Nike!


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!


Nike has had “a bird's nest on the ground” for the last 51 years! But neither Phil Knight (Nike founder) nor the corrupt U.S. Government are willing to admit to this fiscal and accounting fraud since both are colossal beneficiaries of this massive ($154.5 Trillion) fiscal and accounting fraud that I call USAPonzi!


USAPonzi is causing four global crises (See Quadrilogy of Global Crises (economy, climate, health, and hunger)) that are setting the stage for The Greatest Depression and if this Ponzi scheme is continued it will Destroy Planet Earth!



US National Debt  $26.8 Trillion 
Cash Deficit in FY2020  $3.13 Trillion 
*GAAP Deficit in FY2020  >$28.4 Trillion 
US Unfunded Future Liabilities  $127.7 Trillion 
US Unfunded Liabilities (GAAP)  $154.5 Trillion 
Imaginary-Counterfeit Money  $154.5 Trillion 
US Total National Assets  $125.3 Trillion 

Source: www.usdebtclock.org September 19, 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, therefore the GAAP Deficit in FY2020 will be >$28.4 Trillion (>$154.5T-$126.1T = >$28.4T).


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 ($154.5 Trillionfinancial fraud ever perpetrated, I call it USAPonzi: The Great American Fraud” and “The Biggest Ponzi Scheme on the Planet”!


John W. White
Plano, TX