Amazon-A Counterfeit Company Built on Fraud
March 5, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 3/5/18
The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post”, and “The Dallas Morning News” that explains why Amazon is a counterfeit company built on U.S. Government fiscal and accounting fraud!
The “news media” has an ethical responsibility to inform the general public of how the U.S. Government is committing fiscal and accounting fraud to cheat the general public and the rest of the planet so they can “feather their own nests” and “dramatically feather the nests of their upper-class friends”!
The “news media” is aiding and abetting the corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud!
Amazon-A Counterfeit Company Built on Fraud
March 5, 2018
In this commentary, I will explain why Amazon is a counterfeit company built on U.S. Government fiscal and accounting fraud!
The U.S. Government is corrupt! The senior members of the U.S. Government are common criminals! By operating with Cash Accounting rather than the proper GAAP Accounting, the U.S. Government has created $112.3 Trillion of imaginary-counterfeit money out of “thin air” and given it to the U.S. upper class! This is a $112.3 Trillion criminal act by the corrupt and criminal U.S. Government! Americans are buying stuff with counterfeit money!
The corrupt and criminal U.S. Government has been digitally printing imaginary-counterfeit money for now more than 48 years and giving it to the U.S. upper class!
The U.S. Government needs to watch and heed the Farmers Insurance Group “you're on fire commercial”! I am telling you that you are on fire because you are on fire! I am telling you that you are corrupt because you are corrupt! The corrupt and criminal U.S. Government is digitally printing $16.4 Billion of imaginary-counterfeit money every day and giving it to the U.S. upper class!
Amazon was founded on July 5, 1994 and now has 566,000 employees, annual revenues in 2017 of $177 Billion, a stock price of $1,500 a share, a market cap of $726 Billion, a price-to-earnings ratio of 244, and the founder (Jeff Bezos) has a net worth of over $100 Billion!
Amazon could be considered the pinnacle achievement of the American Dream! The founder's net worth has gone from near zero to over $100 Billion in just 24 years!
However, this “success(?)” has been achieved because of U.S. Government fiscal and accounting fraud! Amazon can sell a never-ending stream of products because the U.S. Government is digitally printing a never-ending stream of imaginary-counterfeit money by using a fraudulent accounting system!
The U.S. Government is running a $112.3 Trillion Ponzi scheme (USAPonzi) by operating with Cash Accounting rather than the proper GAAP Accounting!
Amazon, as we currently know it, will go out of business when USAPonzi implodes!
The corrupt and criminal U.S. Government has fraudulently borrowed $112.3 Trillion of imaginary-counterfeit money from the future Americans and given it to the current Americans so that we can buy a lot of stuff from Amazon! The U.S. Government has deferred $112.3 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans and undertaxed the current Americans by $112.3 Trillion! This is a $112.3 Trillion fraud because the future Americans do not have $112.3 Trillion!
Jeff Bezos has gotten filthy rich because the U.S. Government is committing fiscal and accounting fraud (See Jeff Bezos-The $100 Billion Man by Fraud)!
When the U.S. Government starts telling the financial truth, Amazon's sales will drop to near zero. This will be a sad day for Jeff Bezos because his net worth will go back to near zero a lot quicker than the 24 years it took to reach $100 Billion!
The U.S. Government is being run by a bunch of criminals! For the last 48 years the U.S. Government has been operating with a fraudulent accounting system by not using Generally Accepted Accounting Principles (GAAP Accounting). Because of this fraud, the U.S. Government has not been properly accruing for the future benefit promises to the U.S. general public and has been overspending on a Cash basis!
We now have US Unfunded Future Liabilities of $91.5 Trillion on top of the National Debt of $20.8 Trillion that the U.S. Government properly reports! The U.S. Government has undertaxed the current Americans by $112.3 Trillion (US Unfunded Liabilities (GAAP)) over the last 48+ years by overspending on a cash basis and not properly funding the future U.S. Government benefit promises. Americans have been on an outrageous spending spree for 48+ years buying stuff with this $112.3 Trillion of free money that the corrupt and criminal U.S. Government has fraudulently borrowed from the future Americans by operating with Cash Accounting!
Americans are filling the planet with junk purchased with this $112.3 Trillion of imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans and given to the U.S. upper class! Amazon is selling a lot of this junk! Amazon is selling good stuff but it will become junk when we cannot effectively use it!
The business model for Amazon is very straight forward. The U.S. Government borrows $112.3 Trillion from the future Americans, money that the future Americans do not have, and gives it to the current Americans so the current Americans can buy stuff from Amazon with this imaginary-counterfeit money!
GAAP basis deficit spending digitally prints imaginary-counterfeit money! The U.S. Government prints $16.4 Billion of imaginary-counterfeit money every day with a GAAP deficit of $5.99 Trillion in FY2018 (GAAP Deficit in FY2018 of $5.99T/365 days = $16.4B/day)! The U.S. Government fraudulently prints this imaginary-counterfeit money so that Amazon can sell its products! And the future Americans are left with a $112.3 Trillion tax bill that they can never pay!
Amazon is a counterfeit company built on U.S. Government fiscal and accounting fraud that will have a lot of people, warehouses, and data centers sitting around doing nothing when the U.S. Government finally admits to this Ponzi scheme fiscal policy that I call USAPonzi! (See Amazon-A Counterfeit Company Sept 16, 2015)!
Amazon should immediately terminate its search for HQ2, because its business model will abruptly change when the U.S. Government starts telling the financial truth by using proper GAAP Accounting and starts properly accruing for future U.S. Government benefits (See Amazon Headquarters Search is a Fool's Errand)!
It will take a while to dispose of the avalanche of goods that are in the supply chain headed towards America to be purchased with our imaginary-counterfeit money to say nothing of the stuff that we have already bought and built with imaginary-counterfeit money that we will not be able to effectively use when USAPonzi implodes!
The corrupt and criminal U.S. Government is running a classic $112.3 Trillion Ponzi scheme (USAPonzi) by not using proper GAAP Accounting!
The corrupt and criminal U.S. Government is being run by either a bunch of fools or a bunch of criminals! Take your pick!
The “news media” is aiding and abetting this criminal act by the U.S. Government by refusing to expose this fiscal and accounting fraud!
|Cash Deficit in FY2018
|GAAP Deficit in FY2018
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org Mar 5, 2018
To eliminate this fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.
I have published a website www.usaponzi.net that explains how this fraud works to create a massive global wealth and income gap between the haves and the have-nots and to create false wealth and prosperity for the current Americans. The www.usaponzi.net website is an introduction to my more detailed website www.usaponzi.com and my books “USAPonzi” (Nov 22, 2015), “USAPonzi2” (May 1, 2017), and “USAPonzi3” (Feb 1, 2018) which are available on Amazon to better explain this fraud/Ponzi scheme.
This is the biggest ($112.3 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.
John W. White