Face-Ripper Stock Rally 210406
April 6, 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 4/6/21
Finally, one of the financial analysts, Tom Lee, Fundstrat global advisors co-founder and head of research, has made a good call as to what is happening in the stock market! He says we are entering into a “Face Ripper” Rally!
Face-Ripper™, a definition
Posted August 5, 2011 by Joshua M Brown
I jokingly trademarked “Face-Ripper” or “Rip Your Face Off Rally” although the term has been kicking around forever. I’m just the guy who brought it back from the dead this week and introduced it to the masses.
I’m reminded that the term came from the CBOT floor in the late 1980’s, a period of similar volatility prone to wild rallies. Here’s the actual definition from trader Roland C:
face ripper [fays rip-per] -noun 1. a market advance with extreme intensity, so much so that it takes skin and hair along with it from the facial area. Difficult to detect in advance, but upon arrival the feeling is instantaneously recognized. 2. a common situation typically experienced by those that are “short in the hole”.
I totally agree with Tom Lee that we are entering into, actually continuing but at an accelerating pace, a stock market rally that has been operation for the last 52 years! This “Face-Ripper” Rally has been caused by the corrupt U.S. Government committing a fiscal and accounting fraud!
The corrupt U.S. Government is not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting) and as a result is running a classic $162.4 Trillion Ponzi scheme, I call it USAPonzi! The corrupt U.S. Government is in the process of borrowing an infinite amount of money, I call it imaginary-counterfeit money, from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!
The corrupt U.S. Government is promising future benefits to the U.S. general public but is not taxing the U.S. upper class to pay for these future benefits!
This fiscal and accounting fraud has fraudulently given the U.S. upper class $162.4 Trillion of imaginary-counterfeit money (US Unfunded Liabilities (GAAP)) and cheated the U.S. general public out of $134.3 Trillion of future benefits (US Unfunded Future Liabilities)!
The corrupt U.S. Government has been doing this for the last 52 years but, as this Ponzi scheme continues, the rate at which the corrupt U.S. Government fraudulently borrows money from the future Americans and gives it to the U.S. upper class continues to increase exponentially!
This exponential increase in U.S. Government fraudulent borrowing is caused by two factors: 1) the U.S. Government must pay compound interest on the amount borrowed from the future Americans, currently $162.4 Trillion, and 2) more and more people are quitting work to live on U.S. Government benefits because these promised benefits pay more than the person can make by working!
In the limit condition, nobody will have to work and we can all live on the imaginary-counterfeit money that the corrupt U.S. Government is fraudulently borrowing from the future Americans!
The participants in the stock market are the primariy beneficiaries of this fiscal and accounting fraud that is fraudulently borrowing money from the future Americans and giving it to the U.S. upper class!
The following notional chart demonstrates how the wealth of the stock market investors is projected to fraudulently increase over the next two decades because of this U.S. Government accounting fraud!
This will be a “Face Ripper” of a stock market rally until the U.S. Government starts telling the financial truth!
The practical investors know that all stocks are massively overvalued but they also know that if they short the stocks they will get their faces ripped off! GameStop is the poster child for this dramatic difference between the real value of a stock and the apparent but fraudulent stock market value!
The corrupt U.S. Government could print a quadrillion dollars (a thousand trillion) of imaginary-counterfeit money by 2040 if this “Face Ripper” Rally is allowed to continue!
Tom Lee is “right on” with his prediction of a pending “Face-Ripper” Rally in the stock market, he just did not bother to explain that it is caused by the U.S. Government “cooking the books”!
When this “Face-Ripper” rally is exposed, the imaginary-counterfeit money will evaporate and the value of the stock market will drop to almost ZERO!
The stock market is going up because the corrupt U.S. Government is fraudulently borrowing imaginary-counterfeit money, so far $162.4 Trillion, from the future Americans and giving it to the U.S. upper class!
|Cash Deficit in FY2021
|GAAP Deficit in FY2021
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org April 6, 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