Non-Fungible Token (NFT) Value by Fraud 210310
March 10, 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 3/10/21
The corrupt U.S. Government has fraudulently enabled the creation of a fantasy store of value called the Non-Fungible Token.
Non-Fungible-Token (NFT) Definition
By RAKESH SHARMA Updated Mar 8, 2021
What Are Non-Fungible-Tokens (NFTs)?
Non-fungible tokens or NFTs are cryptographic assets on blockchain with unique identification codes and metadata that distinguish them from each other. Unlike cryptocurrencies, they cannot be traded or exchanged at equivalency. This differs from fungible tokens like cryptocurrencies, which are identical to each other and, therefore, can be used as a medium for commercial transactions.
While NFTs may be a valid and unique way to assure ownership of cryptographic assets, the value of these assets is represented in imaginary-counterfeit money that the corrupt U.S. Government has fraudulently created out of “thin air” by fraudulently borrowing it from the future Americans!
The corrupt U.S. Government is committing a fiscal and accounting fraud, by not using proper GAAP Accounting, that is printing imaginary-counterfeit money to create infinite imaginary-counterfeit wealth for the U.S. upper class! The corrupt U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is fraudulently borrowing 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 by undertaxing them!
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 far, the corrupt U.S. Government has fraudulently borrowed $159.7 Trillion of imaginary-counterfeit money from the future Americans and given it to the U.S. upper class so they can toss around valueless imaginary-counterfeit dollars, Bitcoins, and NFTs!
The following chart shows how the corrupt U.S. Government has been fraudulently borrowing monopoly money from the future Americans for the last 52 years so the fraudulently wealthy can buy things that have real value with money that has no real value and buy things that have no real value with money that has no real value!
This chart estimates that the U.S. upper class will have $385 Trillion of imaginary-counterfeit money by 2030 so the U.S. upper class will be able to buy even bigger houses, buy even nicer cars, and pay a lot more for their NFTs while the U.S. general public continues to get cheated!
The U.S. upper class is playing around with monopoly money that the corrupt U.S. Government has created out of “thin air”! The U.S. upper class thinks they have been given $159.7 Trillion when they actually have been given nothing! The corrupt U.S. Government has committed a $159.7 Trillion crime!
The fraudulently wealthy U.S. upper class are spending outrageous amounts of money that has no value for virtual assets that have no value!
This is like the little boy that told his parents he sold his puppy for $1000 because he traded it to a little girl for her two $500 kittens!
The only difference is that both the puppy and the two kittens did have some intrinsic value to the little boy and the little girl.
The corrupt U.S. Government is using “smoke and mirrors” to create massive imaginary-counterfeit wealth for the U.S. upper class by cheating the U.S. general public!
The following commentaries explain this fiscal and accounting fraud that I call USAPonzi and the impact it is having on Planet Earth!
USAPonzi-The Great American Fraud
Whistleblower Letter #3 to U.S. General Public
Whistleblower Letter #6 to Congress
Quintet of Global Crises (Economy, Climate, Health, Hunger, Depression)
Destroying Planet Earth
|Cash Deficit in FY2021
|GAAP Deficit in FY2021
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|US Total National Assets
Source: www.usdebtclock.org March 10, 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