Pay for Play for Student Athletes Lunacy 210726
July 26, 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 7/26/21
In this commentary I will explain why the Pay for Play policy for student athletes is LUNACY!
I am a whistleblower! The U.S. Government is corrupt! The corrupt U.S. Government is committing a fiscal and accounting fraud, I call it USAPonzi, to fraudulently enrich America and the U.S. upper class!
The corrupt U.S. Government has inverted the global monetary system which is now operating on imaginary-counterfeit money that is being fraudulently borrowed from the future Americans and given to the U.S. upper class!
The criminals and fools in the U.S. Congress have just approved a so-called Pay for Play policy for student athletes that is built on this, the biggest crime ever committed!
The corrupt U.S. Government has fraudulently borrowed $153.5 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class by undertaxing them!
The corrupt U.S. Government has committed this $153.5 Trillion crime in broad daylight and keeps on pretending like this is not happening by “cooking the books”!
The corrupt U.S. Government is lying to and cheating the U.S. general public by promising them future benefits but is not using proper GAAP Accounting to accrue the money to pay for these future benefits!
The U.S. upper class is getting filthy rich and the U.S. general public is getting royally screwed!
The corrupt U.S. Government has been doing this for 52 years but keeps on telling the U.S. general public they will get paid these promised future benefits!
The corrupt U.S. Government is “lying through its teeth” so it can give the U.S. upper class $153.5 Trillion!
This is lunacy! This is stupidity! This is criminal!
The corrupt U.S. Congress has just approved a policy where student athletes can legally get paid endorsements for playing college sports! This is called the NIL Policy (Name, Image, and Likeness) that pays athletes for their contributions to lucrative college athletic programs!
The problem with this NIL Policy is that the college sports programs are only lucrative because the U.S. Government is corrupt!
The criminals and fools in Congress have approved a corrupt policy to fraudulently enrich the elite athletes because the corrupt U.S Congress approved a corrupt fiscal policy in 1969, I call it USAPonzi, to fraudulently enrich the elite in America!
As is often the case, when corruption and criminal activity gets started in an entity this corruption gets compounded by further corruption!
The corrupt U.S. Government has been operating a Ponzi scheme, I call it USAPonzi, that for the last 52 years has been fraudulently borrowing counterfeit money, so far $153.5 Trillion, from the future Americans to fraudulently enrich the elite and now the corrupt U.S. Congress wants to fraudulently enrich the elite athletes with a little dab of this counterfeit money by allowing student athlete endorsements to be legalized!
When this Ponzi scheme implodes, this counterfeit money (currently $153.5 Trillion) will evaporate, the U.S. upper class (the elite) will no longer be rich, the U.S. Government will not be able to pay benefits to the U.S. general public, and the endorsers of the elite student athletes will not have any money to pay these endorsements!
How luny, stupid, and criminal can we get?
The corrupt U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is in the process of printing an infinite amount of counterfeit money, I call it imaginary-counterfeit money, by fraudulently borrowing it from the future Americans and giving it to the U.S. upper class by undertaxing them! The corrupt U.S. Government is not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting)!
The following is a notional chart that shows how, with the current fraudulent fiscal policy, 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 three decades to fraudulently enrich the U.S. upper class and fraudulently print so much imaginary-counterfeit money that we can pretend like we can pay student athletes for their contributions to the fraudulently lucrative college sports programs!
Corruption breeds corruption!
The Criminals in Washington are fraudulently enriching the U.S. upper class by $153.5 Trillion by “cooking the books” and now the Criminals in Washington want to fraudulently enrich the elite student athletes!
This is lunacy!
|US National Debt
|Cash Deficit in FY2021
|GAAP Deficit in FY2021
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|US Total National Assets
Source: www.usdebtclock.org July 26, 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