Chapter 16 Amazon: A Counterfeit Company created by USAPonzi
November 22, 2015
Amazon could go out of business when USAPonzi implodes!
Amazon is one of many companies that owes its very existence to the Ponzi scheme fiscal policy (USAPonzi) of the U.S. Government. Amazon is a counterfeit company built on the counterfeit money that is produced by the GAAP basis deficit spending of USAPonzi. Amazon has a market cap of $313 Billion as of November 22, 2015 but could go out of business when USAPonzi implodes. Amazon has a marginally successful business model today only because the U.S. Government is handing out counterfeit money to the U.S. citizenry, an average of $18,323 per citizen in FY2016, that can buy a lot of stuff including a lot of stuff from Amazon.
As this book explains, the fiscal policy of the U.S. Government is a classic Ponzi scheme that is created by the U.S. Government spending more than it takes in as tax revenues, by overpaying Government workers and related businesses, by promising to pay unaffordable social benefits to the U.S. citizenry but not funding these promises, by dramatically undertaxing the current U.S. citizens and businesses, and by deferring the massive financial liabilities for these unpaid taxes to the future U.S. taxpayers.
I have written 11 Whistleblower Letters to the SEC exposing this Ponzi scheme (see Whistleblower Letters to the SEC).
This fiscal policy has, to date, created National Debt of $18.7 Trillion and Unfunded Future Liabilities of $81.1 Trillion. This means that we have total public liabilities of $99.8 Trillion as reported on usdebtclock.org Nov 22, 2015 as US Unfunded Liabilities (GAAP) which means that the U.S. Government has created $99.8 Trillion of counterfeit money. The current U.S. taxpayers did not pay this $99.8 Trillion in taxes and the future U.S. taxpayers can never pay these taxes, therefore this $99.8 Trillion is counterfeit money that has been introduced into the global economy.
The U.S. Government attempts to conceal this overspending, overcommitting, and undertaxing by assessing and reporting its financial condition using Cash Accounting when it should be using GAAP Accounting. Cash Accounting reports a budget deficit of $0.433 Trillion in FY2016 when our "real" deficit is a GAAP deficit of $5.9 Trillion as reported on usdebtclock.org Nov 22, 2015.
GAAP basis deficit spending is handing out counterfeit money to U.S. citizens and businesses by overpaying social benefits, overpaying Government workers and related businesses, and undertaxing the most prosperous U.S. citizens and businesses. GAAP basis deficit spending of $5.9 Trillion in FY2016 means that, on average, the U.S. Government is giving each U.S. citizen $18,323 of counterfeit money ($5.9T/322 million citizens = $18,323) in FY2016.
This counterfeit money is not being distributed equitably since most of it goes to the ruling class and the upper class but $18,323 a year per citizen (on average) can buy a lot of stuff including a lot of products from Amazon. The amount of counterfeit money that the U.S. Government is handing out to U.S. citizens and businesses each year will continue to increase on an exponential trajectory as long as USAPonzi continues to operate.
By using this corrupt and fraudulent fiscal policy, the U.S. Government has created $99.8 Trillion of public liabilities (counterfeit money) that have been deferred to the future U.S. taxpayers who are now responsible for paying for our houses, our cars, our boats, our airplanes, our food, our clothes, our oil, our gas, our computers, our smartphones, our phone bills, our TVs, our cable subscriptions, our Netflix subscriptions, our entertainment, our healthcare, our Social Security, and the stuff we buy from Amazon all of which we have purchased this counterfeit money.
On average, the U.S. Government has given each U.S. citizen $309,938 of counterfeit money ($99.8T/322 million citizens = $309,938) since USAPonzi was launched in FY1969 but the counterfeit money has not been distributed equitably. For example, Warren Buffett has been given about $56.0 Billion of this counterfeit money (see Buffett makes $9.0 Million a day from U.S. Government Fraud) and Donald Trump has been given about $7.6 Billion of this counterfeit money assuming that his net worth is $9 Billion as he claims. About 84 per cent of the net worth of all upper class U.S. citizens and businesses is counterfeit money (see Creating Counterfeit Wealth).
Everything will be just fine if the future U.S. taxpayer can just come up with the $99.8 Trillion to pay the current public liabilities and be prepared for these public liabilities to increase exponentially.
Amazon is a counterfeit company that has built an elaborate network of distribution centers, warehouses, and data centers to sell and distribute products to us that we cannot afford. The only reason that we can appear to afford these products is because USAPonzi has created $99.8 Trillion of counterfeit money and is creating $16.1 Billion more counterfeit money every day. But this stash and stream of counterfeit money will both vanish into "thin air" when USAPonzi implodes. Amazon will then have a lot of very expensive distribution centers, warehouses, and data centers that will be sitting idle when the U.S. Government starts using honest accounting.
By creating $99.8 Trillion of counterfeit money, the U.S. Government has created Amazon as a counterfeit company that now has a phantom market cap of $313 Billion as of November 22, 2015. But Amazon is just one of many companies that exist today solely because of USAPonzi; the corrupt and fraudulent fiscal policy of the U.S. Government. This regenerating and exponentially increasing stream of counterfeit money produced by the GAAP basis deficit spending of USAPonzi has made a lot of U.S. citizens appear to be very wealthy and a lot of U.S. companies appear to be very profitable and valuable.
In this book I have highlighted the impact that USAPonzi has had on Apple, Amazon, Berkshire Hathaway, its investors, and Warren Buffett but USAPonzi has had a similar effect on Microsoft and Bill Gates, Walmart and the Walton family, and all other successful companies and people. This $99.8 Trillion of counterfeit money has appeared to make a lot of people very wealthy. Massive undertaxing helps a lot.
The U.S. Government is The Infinite Counterfeit Money Machine.
The U.S. Government is filled with "Scoundrels, Liars, and Cheaters" that are willing to continue this corrupt and fraudulent fiscal policy!
And this was all made possible because Lee Harvey Oswald assassinated JFK (See The Oswald Financial Bubble).
The U.S. citizenry must demand that the U.S. Government adopt GAAP Accounting and commit to a balanced GAAP basis budget in order to establish an equitable and sustainable fiscal policy for the Government of the United States of America.
Financial data sourced from usdebtclock.org Nov 22, 2015.
Continue to: 17 Washington DC-A Coming Ghost Town Table of Contents