The Biggest Ponzi Scheme on the Planet-The U.S. Government
"American Economic Exceptionalism Explained"  USAPonzi    Copyright Declaration     by John W. White   Mar 29, 2013

Football players make millions by Fraud 210502
May 2, 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 5/2/21


Football players make millions 
because the corrupt U.S. Government is “cooking the books”!


The
corrupt U.S. Government has rigged its fiscal policy to enrich the U.S. upper class and enrich the football players by cheating the U.S. general public!


CNBC Earn

2021 NFL Draft: How much Trevor Lawrence and other top picks are likely to earn on their rookie contracts

Published Thu, Apr 29 2021
Nicolas Vega
@ATNICKVEGA



The National Football League welcomed 32 new players into its ranks Thursday night when the first round of the 2021 NFL Draft took place in Cleveland. And while a number of quarterbacks jockeyed to be among the top picks, they were also competing for something else: a bigger payday.


In the NFL, the spot you’re drafted can have a drastic impact on your earning power your first few years in the league. Dropping a few spots can cost a player several millions of dollars thanks to the NFL’s rookie wage scale, which predetermines the salaries for each year’s rookies based on the league-wide salary cap.


For 2021, the player selected first overall is projected by Spotrac to receive nearly $37 million in his first contract, including a $24.2 million signing bonus. This year’s No. 1 overall pick was 21-year-old Clemson QB Trevor Lawrence, who is headed to the Jacksonville Jaguars.


On the other side of the spectrum, 32nd pick Joe Tryon’s four-year deal with Tampa Bay is projected to be worth around a third of that at $11.2 million, including a $5.5 million signing bonus.


Each player drafted in the first round receives a four-year contract. They aren’t eligible to renegotiate their deals until after their third contracted year.

 

Football player pay has been going up for the last 5 decades because the corrupt U.S. Government has been “cooking the books” for the last 52 years!


The corrupt U.S. Government is borrowing trillions from the future Americans so we can pay our football players millions!


The corrupt U.S. Government has already fraudulently borrowed $147.7 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans so we can pay our football players millions!


The corrupt U.S. Government is not operating its fiscal policy with proper and Generally Accepted Accounted Accounting Principles (GAAP Accounting)! The corrupt U.S. Government is not accruing for future U.S. Government benefits and as a result is fraudulently borrowing money from the future Americans and giving it to the U.S. upper class!


The corrupt U.S. Government is fraudulently enriching the U.S. upper class with an infinite amount of counterfeit money so the U.S. upper class can pay billions to watch football and the owners are then willing to pay millions to the players so the football fans will continue to pay billions to watch these millionaire football players play a game!


The corrupt U.S. Government, by not using accrual accounting, is giving infinite wealth to the U.S. upper class by undertaxing them, is cheating the U.S. general public by not funding the future benefit promises, and the football players (also other athletes and entertainers) make millions by getting paid with the counterfeit money that the corrupt U.S. Government is fraudulently borrowing from the future Americans!


The corrupt U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is fraudulently borrowing trillions of imaginary-counterfeit money, so far $147.7 Trillion, from the future Americans and giving it to the U.S. upper class so the football players can be paid millions of imaginary-counterfeit money!


This is fraud because the future Americans do not have $147.7 Trillion!


The following chart gives a graphical projection of how the corrupt U.S. Government could fraudulently borrow as much as a Quadrillion dollars (a thousand Trillion dollars) of imaginary-counterfeit money from the future Americans over the next couple of decades and give it to the U.S. upper class so we can keep paying the football players a whole lot more money every year!



The corrupt U.S. Government is lying to and cheating the U.S. general public by promising but not funding future benefits so they can enrich the U.S. upper class with trillions of imaginary-counterfeit money and pay our football players millions of imaginary-counterfeit money!


The U.S. general public is not going to be happy when they find out that they are being cheated so the football players can get paid millions!


US National Debt  $28.2 Trillion 
Cash Deficit in FY2021  $3.26 Trillion 
GAAP Deficit in FY2021 
$14.16 Trillion 
US Unfunded Future Liabilities  $119.5 Trillion 
US Unfunded Liabilities (GAAP)  $147.7 Trillion 
Imaginary-Counterfeit Money 
$147.7 Trillion 
US Total National Assets 

$161.6 Trillion 

Source: www.usdebtclock.org May 2, 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

Plano, TX