November 12, 2017 Emailed to WSJ/NYT/DMN on 11/12/17
The following is an Op-Ed to “The Wall Street Journal”, “The New York Times” and “The Dallas Morning News” that explains why the NFL, as we currently know it, will soon be dead!
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”!
November 12, 2017
The NFL, as we currently know it, will soon be dead!
The NFL and many other major sports leagues and associations have become big businesses and valuable franchises simply because the U.S. Government is corrupt! The U.S. Government has been creating money out of “thin air” for the last 48 years that has colossally enriched the U.S. upper class and has to some degree enriched all Americans. The U.S. Government is running a Ponzi scheme (USAPonzi) that has created $108.9 Trillion of imaginary-counterfeit money which has produced massive leisure time and massive wealth so that Americans appear to have both the time and the money to be entertained.
The U.S. Government does this with fiscal and accounting fraud! By operating with Cash Accounting rather the proper GAAP Accounting, the U.S. Government has been able to stealthily and fraudulently borrow $108.9 Trillion from the future Americans, that the future Americans do not have, and give it to the current Americans. However, most of this imaginary-counterfeit money has been given to the U.S. upper class who are prepared to spend some of this gift money on elaborate entertainment. This fraud is what has allowed the owners of these sports franchises to pay exorbitant salaries to the players and team management and for the owners to become extremely wealthy by selling tickets, TV rights, corporate sponsorships, etc.
The U.S. Government has fraudulently borrowed $108.9 Trillion from the future Americans, that the future Americans do not have, and given it to the U.S. upper class!
The money that has produced this mirage of dramatic success in these major sports enterprises is imaginary-counterfeit money that will evaporate into the “thin air” from whence it came when USAPonzi implodes! USAPonzi will implode when it becomes evident that the future Americans cannot pay the now $108.9 Trillion (US Unfunded Liabilities (GAAP)) that the U.S. Government has fraudulently borrowed from them!
The owners of these sports franchises have built, or had built for them, elaborate sports arenas and operating headquarters that have been paid for with imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans! These sports arenas will become ghost facilities when we no longer have this imaginary-counterfeit money to pay for these high priced tickets. Ticket prices will then return to levels that can be afforded by the U.S. Common Man.
When USAPonzi implodes, I predict that the players will be making $thousands rather than $millions!
When USAPonzi implodes, I predict that these sports franchises will be worth $tens-of-millions rather than $billions!
When USAPonzi implodes, I predict that NFL players will be much less likely to risk concussions and other injuries when the rewards for playing professional football are reduced from $millions a year to $thousands a year!
Author's Note: The feud between NFL Commissioner Roger Goodell and Jerry Jones over Goodell's $50 Million salary and private jet will quickly become a moot point when USAPonzi implodes.
We live in a Ponzi scheme fantasy world that has been produced by a corrupt U.S. Government!
The NFL, as we currently know it, will die a quick death when USAPonzi implodes!
The U.S. Government is corrupt!
The U.S. Government is running a $108.9 Trillion Ponzi scheme!
|Cash Deficit in FY2018
|GAAP Deficit in FY2018
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org Nov 12, 2017
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) and “USAPonzi2” (May 1, 2017) which are available on Amazon to better explain this fraud/Ponzi scheme.
This fraud/Ponzi scheme is also explained in “short story style” in my October 1, 2017 commentary USAPonzi CliffsNotes and in my October 8, 2017 commentary USAPonzi Elevator Speech.
This is the biggest ($108.9 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.
John W. White