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

                    Copyright Declaration                                                                                                                                       John W. White    March 29, 2013

Rivian Stupidity caused by US Gov Fraud 211110
November 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 11/10/21


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)


Rivian IPOed today with an estimated market cap of $66.5 Billion when it real value is ZERO!


The market cap of Rivian briefly reached the ridiculous level of $100 Billion today shortly after the stock opened for trading! While this is ridiculous, it is not surprising since hardly anyone really understands the fiscal and accounting fraud being perpetrated by the corrupt U.S. Government!


Rivian will be out of business in an instant when Planet Earth finds out that the U.S. Government is corrupt!


CNBC TECH
Rivian prices IPO at $78 a share, valuing electric vehicle company at $66.5 billion
PUBLISHED TUE, NOV 9 2021
Ari Levy


KEY POINTS
Rivian had previously raised its expected price range to between $72 and $74, up from an initial range of $57 to $62.


The company, which is backed by Amazon and Ford, recently began production on its electric pickup, the R1T, and plans to deliver 10,000 as soon as next year.


Rivian expects to lose up to $1.28 billion this quarter, while generating no more than $1 million in revenue for the period.


Rivian Automotive, the electric vehicle maker backed by Amazon and Ford, priced its IPO on Tuesday at $78 a share. The deal values Rivian at $66.5 billion.


Should underwriters exercise their full purchase option, the company will have a market cap of over $68 billion. The stock will trade on the Nasdaq under ticker symbol RIVN.


Rivian said it expects the IPO to bring in $11.9 billion.


Last week, Rivian increased the expected price range to between $72 and $74 from a previous range of $57 to $62. At its $78 offer price, Rivian is already worth almost as much as Ford ($79 billion) and General Motors ($85 billion). That’s all before the company has even started generating real revenue.


Rivian said in its prospectus that it will lose up to $1.28 billion in the third quarter, while revenue will range from zero to $1 million. It’s the latest EV company to attract hefty investor capital at a stratospheric price without yet proving that it has a sustainable business model.


This is stupidity!


The sum of the real market caps of all car manufacturers on the planet is ZERO because we do not need more cars right now! The corrupt U.S. Government has already
stolen a billion cars from the future Americans by “cooking the books” so we will not need to build more cars for a long long time!


The corrupt U.S. Government, by committing a fiscal and accounting fraud, is fraudulently borrowing an infinite amount of monopoly money from the future Americans so the entire planet can pretend like we can buy an infinite number of cars with an infinite amount of monopoly money!


The corrupt U.S. Government is stupidly operating its fiscal policy with cash accounting rather than proper accrual accounting!


The corrupt U.S. Government has gotten Planet Earth into a real pickle by making a stupid decision to “cook the books”!


Stupid

having or showing a great lack of intelligence or common sense.


Stupid is a harsh and critical word but the corrupt U.S. Government is stupidly causing Planet Earth to do and experience some really stupid even disastrous things! As an example, it is stupid and criminal for the corrupt U.S. Government to promise future benefits to the U.S. general public and not accrue the money to pay for these future benefits! As another example, it is stupid and criminal for the corrupt U.S. Government to burn up Planet Earth!


Wall Street has not yet discovered how the corrupt U.S. Government is pulling off this accounting trick!


In fact, the corrupt U.S. Government has not yet discovered how the
corrupt U.S. Government is pulling off this accounting trick!


The U.S. Government is corrupt and criminal for promising future benefits to the U.S. general public and not taxing the
U.S. upper class to pay for these future benefits! The corrupt U.S. Government is not operating its fiscal policy with proper accrual accounting!


Wall Street is foolish and incompetent for not recognizing the fact that the corrupt U.S. Government is incompetent and criminal!


The corrupt and criminal U.S. Government is causing Planet Earth to build an unending number of new car companies and an unending number of new cars by fraudulently borrowing an infinite amount of counterfeit money from the future Americans!


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


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 $159.4 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 cars  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 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 $159.4 Trillion 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 cars 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  $2.79 Trillion 
GAAP Deficit in FY2022 
$17.01 Trillion 
US Unfunded Future Liabilities  $130.4 Trillion 
US Unfunded Liabilities (GAAP)  $159.4 Trillion 
Imaginary-Counterfeit Money 
$159.4 Trillion 
US Total National Assets 

$201.8 Trillion 

Source: www.usdebtclock.org November 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 be downloaded from my websites in pdf format.


John W. White

Plano, TX