Matthew Stafford the $151.5M QB
September 2, 2017 Emailed to WSJ/NYT/DMN 9/2/17
The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains how the Detroit Lions can pay Matthew Stafford $151.5 Million to play quarterback for a team in a city that is facing an economic crisis.
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".
Matthew Stafford the $151.5M QB
September 2, 2017
Matthew Stafford, star quarterback for the Detroit Lions, has just signed an extension to his professional football contract that will reportedly pay him $151.5 Million over six years for playing a game. And he will be playing for Detroit, a city that has been economically devastated by being dethroned from its position as the capital city of the automobile industry. How is it possible that the Detroit Lions can pay him this much for playing football?
This is possible because the U.S. Government is corrupt! The U.S. Government is using fraudulent accounting to create counterfeit money out of "thin air". The U.S. Government is not using proper and Generally Accepted Accounting Principles (GAAP Accounting) and as a result is operating a massive Ponzi scheme. The U.S. Government is deferring massive public liabilities, $107.4 Trillion so far, to the future Americans which is fraudulently enriching the U.S. upper class by $107.4 Trillion. But this money is backed only by the future Americans and they cannot pay it. The U.S. Government has fraudulently created $107.4 Trillion of what I call imaginary-counterfeit money simply by undertaxing the U.S. upper class.
The U.S. upper class is appearing to get unbelievably rich because the U.S. Government is fraudulently borrowing $107.4 Trillion of imaginary-counterfeit money from the future Americans, that the future Americans do not have, and giving it to the U.S. upper class. The U.S. Government is undertaxing the U.S. upper class because it is operating with Cash Accounting rather than the proper GAAP (Accrual) Accounting. The U.S. upper class is prepared to spend a bunch of this imaginary-counterfeit money on outrageous entertainment activities that includes enjoying NFL football games. The U.S. upper class feels really "flush" because the U.S. Government has fraudulently given them $107.4 Trillion.
Matthew Stafford is being paid with fake money that the U.S. Government has fraudulently borrowed from the future Americans by using fraudulent accounting. The U.S. Government is borrowing more imaginary-counterfeit money from the future Americans every day so that we can continue to pay our best professional athletes more and more money as time goes on. That is why the amount paid to our athletes continues to go up and up. This is the way Ponzi schemes work, the indebtedness of the scheme tends to go up exponentially and the phantom benefit of the Ponzi scheme accrues to the early participants in the scheme until the Ponzi scheme implodes. Matthew Stafford is getting $151.5 Million of this phantom benefit!
When it becomes clear to everyone that the future Americans cannot pay the $107.4 Trillion of US Unfunded Liabilities (GAAP), which are increasing every day, Matthew Stafford will not get paid. Matthew Stafford is being paid with imaginary-counterfeit money that a corrupt U.S. Government has created out of "thin air"! GAAP basis deficit spending creates imaginary-counterfeit money, i.e. the U.S. Government creates imaginary-counterfeit money when it spends money that it does not have! As of September 1, 2017, the U.S. Government has spent and promised to spend $107.4 Trillion that it does not have and will never have! This is what produces a Ponzi scheme!
Matthew Stafford is being paid $151.5 Million with money, $107.4 Trillion, that the U.S. Government has fraudulently borrowed from the future Americans, that the future Americans do not have, and given to the U.S. upper class!
The U.S. Government creates this money by borrowing imaginary-counterfeit money from the future Americans and the future Americans have an infinite amount of this imaginary-counterfeit money, that's the good thing about imaginary money, so this fraud can continue for a long time until someone, in a position of authority, musters up enough courage to expose this fraud!
Matthew Stafford is going to be very unhappy when that day comes! He appears to be very rich now but when USAPonzi implodes he will likely be flat broke because this imaginary-counterfeit money, both that already earned and that yet to be earned, will evaporate with The Implosion of USAPonzi!
The U.S. Government is corrupt! The U.S. Government is running a Ponzi scheme that I call USAPonzi. The senior officials of the U.S. Government are common criminals because they are direct financial beneficiaries of this U.S. Government fiscal and accounting fraud! The U.S. Government has been operating this fraud/Ponzi scheme since FY1969 (See USAPonzi CliffsNotes 9/1/17)!
The U.S. Government is making massive financial commitments that it cannot keep because it is using an improper accounting system!
The U.S. Government has got to start telling the financial truth!
The "News Media" has got to start reporting the financial truth!
|Cash Deficit in FY2017
|GAAP Deficit in FY2017
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org Sep 2, 2017
This U.S. Government fraud can only be equitably eliminated by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government.
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 is the biggest ($107.4 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and it is "The Biggest Ponzi Scheme on the Planet"!
John W. White