Snowflake is a Fake 200917
September 17, 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 9/17/20.
Snowflake is a Fake because the U.S. Government is corrupt!
The outrageous valuation of Snowflake should be sufficient to expose the fraud and corruption within the U.S. Government! Hopefully, someone in the corrupt U.S. Government will notice that the corrupt U.S. Government has misplaced $154.4 Trillion and no one has been able to find it!
a thing that is not genuine, a forgery or sham.
Snowflake more than doubles in market debut, largest ever software IPO
PUBLISHED WED, SEP 16 202012:24 PM EDTUPDATED WED, SEP 16 20204:12 PM EDT
Snowflake began trading Wednesday on the New York Stock Exchange.
Stock began trading at $245 per share, before being briefly halted due to volatility.
The cloud software company was worth $67.94 billion at its opening price, more than five times its $12.4 billion valuation in February.
The corrupt U.S. Government is printing counterfeit money to make Snowflake appear to be quite valuable!
For the last 51 years the corrupt U.S. Government has been printing counterfeit money, I call it imaginary-counterfeit money, by pretending to borrow it from the future Americans!
The corrupt U.S. Government has fraudulently borrowed $154.4 Trillion of imaginary-counterfeit money from the future Americans and given it to the U.S. upper class by undertaxing them!
The corrupt U.S. Government has gotten away with this criminal activity for 51 years by operating its fiscal policy with Cash Accounting rather than proper GAAP 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 benefits!
The corrupt U.S. Government is not accruing the money to pay for the benefit promises that the U.S. Government has made to the U.S. general public!
This has the effect of borrowing monopoly 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 committing a fiscal and accounting fraud, I call it USAPonzi, that has, so far, printed $154.4 Trillion of imaginary-counterfeit money!
USAPonzi is a $154.4 Trillion fraud!
Snowflake yesterday had a market value, at opening price, of $67.94 Billion of imaginary-counterfeit dollars!
In truth, Snowflake has a market value in 'real dollars' of essentially zero!
The corrupt U.S. Government has been running a giant hoax (a malicious deception) for the last 51 years by not operating its fiscal policy with proper GAAP/accrual Accounting!
The corrupt U.S. Government is in the process of printing an infinite amount of imaginary-counterfeit money to enrich the U.S. upper class, to enrich the U.S. ruling class, and to cause stock prices to go to the moon!
The corrupt U.S. Government is maliciously enriching the rich and cheating the unrich!
The U.S. general public and the rest of the planet are both getting screwed by this malicious deception!
This Ponzi scheme, that I call 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
|Cash Deficit in FY2020
|*GAAP Deficit in FY2020
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|US Total National Assets
Source: www.usdebtclock.org September 17, 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 >$28.3 Trillion (>$154.4T-$126.1T = >$28.3T).
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 ($154.4 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Great American Fraud” and “The Biggest Ponzi Scheme on the Planet”!
John W. White