To solve this problem, let's analyze each statement regarding the matrix \( P \in \mathbb{M}_4 (\mathbb{R}) \) with the properties that \( P^4 \) is the zero matrix and \( P^3 \) is not the zero matrix.
Therefore, the false statement is: For every nonzero vector \( v \in \mathbb{R}^4 \), the subset \(\{v, Pv, P^2v, P^3v\} \) of the real vector space \(\mathbb{R}^4\) is linearly independent.