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

Stitch Fix shares soar 210608
June 8, 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 6/8/21


Stitch Fix shares soared yesterday because the U.S. Government is corrupt! The corrupt U.S. Government has fraudulently borrowed $149.3 Trillion from the future Americans so the current Americans can pay a monthly fee to buy clothes from Stitch Fix that they have never seen!


What a great country we live in! We can buy stuff we have never seen with money we do not have, have the stuff shipped automatically to our home, and have free returns of the stuff if we do not like the stuff! What a great deal!


And the company that is selling this stuff is losing money!


CNBC
RETAIL

Stitch Fix shares soar as sales top estimates, styling service raises full-year outlook
PUBLISHED MON, JUN 7 2021
Lauren Thomas


Stitch Fix shares soared Monday after the online shopping and styling service reported a narrower-than-expected loss in its fiscal third quarter.


Sales topped analysts’ estimates, driven by consumers refreshing their wardrobes for summer vacations and the office and looking for styles in new sizes.


The stock was recently up around 16% in extended trading.

 

Stitch Fix (SFIX) 
Stock Price  Market Cap 
Open June 7, 2021  $55.55  $6.16B 
After Market June 7, 2021  $66.61  $7.93B 



Stitch Fix appears to be a nearly $8 Billion company that is losing money by selling stuff to buyers that are spending counterfeit money because the U.S. Government is committing a fiscal and accounting fraud!


Stitch Fix will be worth essentially nothing when this U.S. Government accounting fraud is properly exposed!


Because the U.S. Government is not using proper GAAP Accounting, the corrupt U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is fraudulently borrowing an infinite amount of money from the future Americans, I call it imaginary-counterfeit money, and giving it to the current Americans, primarily the U.S. upper class, so the current Americans can fraudulently buy stuff from Stitch Fix!


So far, the corrupt U.S. Government has fraudulently borrowed $149.3 Trillion of imaginary-counterfeit money from the future Americans so the current Americans can have plenty of money to buy stuff from Stitch Fix without having to pay for it!


Someday, somebody, 
will finally figure out that the corrupt U.S. Government is tricking the entire planet into thinking that Americans really have the money to buy stuff from Stitch Fix!


This corruption within the U.S. Government can only be eliminated by the U.S. Government adopting GAAP Accounting and committing to a balanced GAAP basis budget!

 

US National Debt  $28.4 Trillion 
Cash Deficit in FY2021  $3.28 Trillion 
GAAP Deficit in FY2021  $13.03 Trillion 
US Unfunded Future Liabilities  $120.9 Trillion 
US Unfunded Liabilities (GAAP)  $149.3 Trillion 
Imaginary-Counterfeit Money  $149.3 Trillion 
US Total National Assets  $162.6 Trillion 

Source: www.usdebtclock.org June 8, 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
Plano, TX