Apple $2 Trillion Market Cap by Fraud! 200826
August 26, 2020
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 8/26/20
Apple now has a $2.129 Trillion market cap because The U.S. Government is corrupt! The U.S. Government is not operating its fiscal policy with proper GAAP Accounting. Because the U.S. Government is not accruing for future benefits, the U.S Government is deferring public liabilities to the future Americans. By not accruing for future benefits, the corrupt U.S. Government is fraudulently borrowing money from the future Americans and giving it to the U.S. upper class.
I call this fraudulently borrowed money imaginary-counterfeit money since it does not exist (imaginary) and has no value (counterfeit)! The corrupt U.S. Government is pretending like the future Americans will someday find a pot of gold at the end of the rainbow and be able to pay what is now $154.0 Trillion of public liabilities!
The following table shows how Apple's market cap increases as the corrupt U.S. Government borrows more and more imaginary-counterfeit money from the future Americans so people all over the planet can buy iPhones, iPads, Airpods, and Apple Watches from Apple!
|Jan 4, 2019
|Mar 24, 2020
|May 19, 2020
|Jun 30, 2020
|Aug 25, 2020
The corrupt U.S. Government is in the process of fraudulently borrowing an infinite amount of imaginary-counterfeit money from the future Americans and giving it to the U.S. upper class so Apple can sell an infinite number of products, generate an infinite amount of revenue, make an infinite amount of profit, and give Apple an infinite market cap!
154.0 Trillion of imaginary-counterfeit money can buy a whole lot of iPhones!
The following whistleblower letters explain how the corrupt U.S. Government is committing a fiscal and accounting fraud, by not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting), that prints an unending and ever-increasing amount of imaginary-counterfeit money, by fraudulently borrowing it from the future Americans, so the planet can buy an unending and ever-increasing number of iPhones, iPads, Airpods, and Apple Watches!
GAAP basis deficit spending by the U.S. Government prints imaginary-counterfeit money and gives it to the U.S. upper class by undertaxing them!
Whistleblower Letter #1 to Planet Earth
Whistleblower Letter #5 to Congress
The Market Cap of Apple will converge rapidly toward ZERO when this U.S. Government corruption is properly exposed!
This accounting fraud 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!
|Cash Deficit in FY2020
|*GAAP Deficit in FY2020
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org August 26, 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 >$27.9 Trillion (>$154.0T-$126.1T = >$27.9T).
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 ($154.0 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Great American Fraud” and “The Biggest Ponzi Scheme on the Planet”!
John W. White