Antitrust Probe of Tech Giants 190604
June 4, 2019
Emailed to WSJ/NYT/WP/DMN, the US SEC, Fed Chairman Jay Powell, Minneapolis Fed President Neel Kashkari, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, and Dallas Mayor Mike Rawlings 6/4/19
The U.S. Government is going after the wrong antitrust culprit!
BUSINESS NEWS JUNE 3, 2019 / 2:00 PM
U.S. moving toward major antitrust probe of tech giants
Diane Bartz, Jan Wolfe
WASHINGTON (Reuters) - The U.S. government is gearing up to investigate whether Amazon, Apple, Facebook and Google misuse their massive market power, sources told Reuters on Monday, setting up what could be an unprecedented, wide-ranging probe of some of the world’s largest companies.
The U.S. Government is going after the wrong culprit when addressing antitrust problems in America!
These tech giants are not the biggest antitrust problem in America; the U.S. Government is the biggest antitrust problem on the planet!
The United States of America has created the biggest monopoly in the history of Planet Earth by committing a fiscal and accounting fraud that is printing monopoly money and giving it to the U.S. upper class!
The U.S. Government has created a $124.3 Trillion antitrust problem for Planet Earth!
The targets of the proposed antitrust probe (Amazon, Apple, Facebook, and Google) just happen to be “accidental (?) beneficiaries” of the U.S. Government fiscal and accounting fraud that I call USAPonzi!
The U.S. Government is running a classic Ponzi Scheme, I call it USAPonzi, that is fraudulently borrowing money from the future Americans, I call it imaginary-counterfeit money, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!
These tech giants became giants because the U.S. Government has printed $124,300,000,000,000 ($124.3 Trillion) of imaginary-counterfeit money to grossly and fraudulently expand their balance sheets and their market caps! Americans are buying stuff with $124.3 Trillion of monopoly money that the corrupt and criminal U.S. Government is fraudulently borrowing from the future Americans and giving to the U.S. upper class!
The U.S. Government needs to acknowledge and eliminate this accounting fraud before they spend the time on even one hearing about the antitrust actions by these tech giants!
These imaginary-counterfeit tech giants are in reality tech midgets that have been pumped up by the U.S. Government fiscal and accounting fraud that I call USAPonzi!
The U.S. Government is corrupt and has created these tech giants out of “thin air” by fraudulently printing $124.3 Trillion of imaginary-counterfeit money!
This U.S. Government fiscal and accounting fraud is also Burning up Planet Earth with Global Warming because we are in the process of buying and building an infinite number of environment-polluting physical objects with this infinite supply of imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans!
|Cash Deficit in FY2019
|GAAP Deficit in FY2019
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org June 4, 2019
This accounting fraud/Ponzi scheme can only be equitably eliminated by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government! GAAP Accounting, properly applied, would not allow the U.S. Government to borrow more money from the future Americans than the future Americans can be reasonably expected to pay.
By operating with fraudulent accounting, the U.S. Government has fraudulently borrowed $124.3 Trillion of imaginary-counterfeit money from the future Americans, which obviously can never be paid, and given it to the U.S. upper class by undertaxing them!
You can learn more about this fraud/Ponzi scheme by reading my websites www.usaponzi.net and www.usaponzi.com or better yet by reading my fifth book on USAPonzi “USAPonziB” which is available on Amazon and on my websites in Kindle and PDF formats.
This is the biggest ($124.3 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”!
John W. White