How USAPonzi created "America's Team"
December 27, 2015
As Posted on www.usaponzi.com
How bout them Cowboys!
USAPonzi, "The Ultimate Government Fraud", has made it possible for "The Dallas Cowboys" to become known as "America's Team". I think it is somewhat ironic that the assassination of JFK in Dallas on Nov 22, 1963, just 4 years after the Dallas Cowboys were founded in 1960, would be the triggering event that would launch a Ponzi scheme fiscal policy that would, in turn, make it possible for "The Cowboys" to now appear to be worth $4 Billion.
As this website has repeatedly stated, the U.S. Government is operating with a Ponzi scheme fiscal policy (USAPonzi) that is creating counterfeit money, counterfeit private wealth, and counterfeit prosperity for U.S. citizens and businesses with massive GAAP basis deficit spending. By deferring an ever increasing percentage of the cost of operating the U.S. Government to the future U.S. taxpayers, the U.S. Government is handing out counterfeit money to all U.S. citizens and businesses by either overpaying them with social benefits, overpaying them with Government pay, or undertaxing them with GAAP basis deficit spending. This has created $100.6 Trillion of counterfeit money (reported on www.usdebtclock.org as US Unfunded Liabilities (GAAP)) that makes the people in the U.S. appear to be rich and prosperous and gives them tremendous purchasing power.
Please note that the amount of counterfeit money that USAPonzi has produced goes up with each of these commentaries. That is what Ponzi schemes do, they tend to get bigger and bigger until they implode.
This counterfeit money has allowed us to buy stuff that we cannot afford; houses, cars, boats, planes, oil, gas, football tickets, football jerseys, TV subscriptions, chicken wings, chips, dips, and beer. The U.S. Government is passing out counterfeit money with this corrupt and fraudulent fiscal policy that has created a "bonanza" for Jerry Jones and other sports owners and players. In FY2016, the U.S. Government is handing out, on average, $18,230 of counterfeit money to every man, woman, and child in the United States with GAAP basis deficit spending of $5.87 Trillion ($5.87 Trillion/322 million U.S. citizens = $18,230).
Jerry Jones and Tony Romo are both appearing to get rich on this Government fraud. But, as I report in "Buffett makes $9M a day from Government fraud", 84% of Jerry Jones' net worth is counterfeit money and his net worth is increasing by 4.94% in FY2016 due to the GAAP basis deficit spending of $5.87 Trillion by USAPonzi.
Jerry Jones' net worth appears to be $4 Billion but 84% of that is counterfeit money given to him by U.S. Government fiscal and accounting fraud. The U.S. Government has given Jerry Jones $3.36 Billion by undertaxing him and The Dallas Cowboys ($4.0 Billion X 0.84 = $3.36 Billion). The U.S. Government is also giving Jerry Jones 4.94% of his net worth with GAAP basis deficit spending in FY2016 which comes to $198 Million ($4 Billion X .0494 =$198 Million). Jerry Jones makes $542,466 every day just by showing up for work and doing a couple of TV interviews which is given to him by this U.S. Government fiscal and accounting fraud ($198 Million/365 = $542,466).
This will all come to an abrupt end when the U.S. Government starts telling the truth by using honest accounting. When that happens, the value of "The Dallas Cowboys" will plummet, the $1.15 Billion "Jerry World" Dallas Cowboy football stadium will be worth a fraction of its construction cost, and the Cowboy football ticket prices will have to drop like a rock if Jerry expects to keep the seats filled. Cowboy fans will not have the money to buy these high priced tickets when the U.S. Government is forced to stop handing out counterfeit money.
Jerry Jones is also building a new $219 Million Cowboy headquarters and practice facility in Frisco, TX that will become a luxurious but largely idle office and training complex that Jerry was enticed to build because of this U.S. Government fraud. When USAPonzi implodes, the income of the Dallas Cowboys will drop precipitously, player salaries will drop precipitously, and there will be a lot fewer people that can be gainfully employed within the Dallas Cowboys organization.
U.S. Government fraud has made it possible for the "elite in America" to earn outrageous compensation while the Common Man (school teachers, firefighters, policemen, construction workers, hospital workers, etc.) have seen little change in their incomes. The implosion of USAPonzi will reduce this disparity but at the expense of everyone in America seeing a reduction in their standard of living.
Tony Romo can thank his lucky stars for this U.S. Government fraud that has given him the opportunity to make $120 Million over 7 years while winning just 2 playoff games. But this money is counterfeit money and most of it will evaporate when USAPonzi implodes.
This Government fraud is creating an apparent bonanza for professional athletes, entertainers, financial advisors, hedge fund managers, the ruling class, and the upper class; at the expense of the Common Man and the rest of the planet.
The financial data presented in this commentary was sourced from www.usdebtclock.org as of December 27, 2015.