• What if you were to find out that most, if not all of our state, county and cities governments in the United States are not broke as our politicians tell us we are?
• What if you found out that the money we’ve been paying into our governments is immediately invested with banks and law is passed that makes it illegal to use this investment money to balance our budget deficits? And that each state has millions of shares of stocks and bonds in investment accounts it could sell to balance the budgets?

• What if you learned that that their is enough money in these investment accounts to get completely out of debt and have money left over for a very sizable refund to every man, woman and child and that it represents 83% of wealth in the stock and bond markets?
• What if you could find all this information in public records under each state and municipal’s Comprehensive Annual Financial Reports (CAFR), which anyone can Google and see for themselves?

• And what if you found out the our ‘elected’ officials are almost all in on the scam for decades? 

“It’s not built into the budget because investment earnings aren’t part of the budgetary process.It’s very clever. The problem is, it’s legal.”

~~~

The Biggest Scam Ever!

Every county, state, city, and municipality has a budget detailing costs and expenses. But for some reason, these budgets do not include total gross receipts. For many years, people have accepted the accounting practices that guide these formal budgets – but what happens when it doesn’t add up? Former commodities advisor Walter Burien has spent over a decade investigating the Comprehensive Annual Financial Reports (CAFRs) of many counties and states throughout the USA. The CAFR – which is never mentioned in the media and virtually unknown to the public – confirms the existence of a parallel government accounting system that only shows the public one side of the story. As a result, we’ve accepted systemic declines in productivity and wealth alongside continuously ballooning costs.

When government cries “deficit”, most of us accept without question that States are struggling because of the economy. But what if every state, county, city, and municipality claiming to be broke or running a deficit was in fact running a billion or trillion dollar budget surplus? And what if we can prove it

Have you ever noticed that when a bond or proposition gets passed in your state for a construction or land management project, the actual project itself sometimes isn’t scheduled to begin until months or years in the future? It’s even written in most bills that the project wont start until a far off set future date.

Well… the money for that proposition or bill is immediately released upon passage of the legislation. Now you might ask yourself, if the money is there why doesn’t the project begin immediately?

That “taxpayer money” gets sent directly into what we’ll call a government “holding account” for a while, sometimes years and years before that public project actually begins.

Now, that money doesn’t just sit there… It is invested. It gains interest. It builds up extreme wealth – months or years of interest and capital gains on investmentsfrom that originally taxpayer funded money. This is all transpired digitally, of course.

But when it comes time to use that original amount of money for the project of which it was intended months or years later, the capital gains (profits) of that supposedly dormant money are separated from the original amount placed into the “holding account” and stay in the governments discretionary investment coffers(who’s discretion?)  and are then reinvested not for the benefit of the people, but for the wealth and profit of the corporate government. The problem and the inherent crime here is this – that profit is no longer considered tax-payer (public) owned money, since it was earned by investment or by accrued interest.

That “extra money” goes elsewhere… mainly into other investments or funds (called Fiduciary and Enterprise Funds) which grease the pockets of the “in the know” politicians and corporations and other people and groups involved. Some open what are called “self insurance funds” and then draw dividends for themselves and their fellow conspirators for the rest of their political careers by insuring themselves with their own insurance funds. And the cycle goes on and on and on and on… and has for the last 70 years. And it has now reached the point where government owns it all!

When the yearly budget comes out for your town, city, district, county, state, and the whole country – the one that you and I and Joe Taxpayer sees that is usually in a deficit (in the red) – the money made on these individual government investments is not shown, because it is not in the “taxpayer budget” any longer. Therefore, it does not technically have to be accounted for to the taxpayers – who we can define as everyone who pays any form of taxes, which is by default everyone in the United States. There are of course, 100’s of different taxes – from gas tax to sales tax – that are used in this way as well. The money from all of these individual taxes once again just sits there and accumulates after being collected until it is distributed, and gains interest or is invested until it is spent for the purposes it was collected (apportioned).

*** Much of the credit for this information goes to Clint Richardson of Salt Lake City, Utah, who did the deep research.  You can see more of his work at RealityBlog..http://realitybloger.wordpress.com/

RELATED POSTS:

The Banksters Are Coming for Your Money

 

~~~

It also must be noted that since the majority in power are lawyers, that those in power all are acutely aware of the Biggest Scam Ever or they most likely would of never gotten into that position of power.  Yet it is the System that is the problem that allowed the creation of this crime and those in power are doing what everyone else in power is doing. So the entire system must brought down and we the people take back control of our own money (give less, keep more!)

It will mean ‘risk’ and ‘sacrifice’ of all to put ourselves into the cogs and gears of the Greed Machine or we by our collective silence and compliance will continue to be on the receiving end of the governments ‘Whack-A-Mole’ Scam. Paying taxes when you understand that our money is being stolen from us and our government then uses that money to fund wars and the wealthy elite is being accomplice to the crime.  And as we are silently complying by continuing to find the looting and stealing we put ourselves into further debt servitude when this information clearly shows it is all not necessary or legal.

It means that recent bankruptcy filings in Stockton (which hasn’t even filed its 2011 CAFR yet still filed), San Bernandino here and Vallejo cities could sell of assets and get themselves out of bankruptcy (while banks derive less profits and less cash in their coffers!)

The wealthy elite current agenda (the one’s that have stolen all our money for decades) now is to reduce and eventually eliminate funding for pensions and retirement as well as reduce/eliminate social security while they keep telling us we are broke and the money we paid in, every two weeks, every year is gone, gone, gone.  this is our money that we have been required to pay into while our government was given the job of protecting our SSN and retirement funds and they need to be held accountable.

Of course, with governments having an estimated 83% of all investments in the public marketplace, it isn’t realistic to assume all monies could be derived from government asset sales of stocks and other investments immediately by demand, yet they could definitely pressure banks, insurance companies and other cash rich corporations to fork over their cash by redeeming notes, bonds and other liquid assets on demand by law and contract thereby forcing the 2Rich2care corporations to give back our money…with interest.

This is our get out of debt jail free card if we can someway/somehow get the masses to understand the Greatest Scam Ever.

The State Park Scam

The disclosure in 2011 of the CAFR  money surplus in the CA State Park Fund is only the tip of a very big iceberg. Note how the disclosure was first of $ 55 million of ‘excess funds’ and now it is being reported to be over $ 2.3 BILLION.  This is from CAFR.  http://www.mercurynews.com/california-budget/ci_21168552/up-2-3-billion-california-public-funds-hiding

*****

Questions?

Where does our State, Muni, sales, corporate, income, school,  etc. tax money go?
Where does the pension money go that our government holds of ours for sometimes decades?
Where does the Insurance money go?
Where does the lottery money collected go? Social Security? Workmen’s Compensation?

Why do we pay taxes for school if we have no children?
Where does the money go if someone dies before collecting their social security even though they’ve paid in every year they worked until their death?

If gas taxes go to fix roads and bridges (pay to drive)  If property taxes and building fees go to build local utility and infrastructure (pay to own and build), if sales tax goes to support local infrastructure (pay to shop)…then where does our local, state and federal taxes go that we pay into each and every year?  (Answer:  84% goes to pay our wars and our debt servicing!)

…And do you know ANYONE personally who has gone to jail for not paying their taxes??

As the 99% spout this reason alone as to why they pay their taxes that support wars, debt, drugs and our own suppression, oppression and repression.  Isn’t this the pure definition of a sociopathic (pathetic) society?

The mind control of the masses by the wealthy global elite has been incredibly successful in its mission to be instituted into the heads and bodies of  obedient, the unquestioning and the compliant.  ~~ By specialization, by deception and by distraction (go Giants!) we have achieved the collective mind set that our government will always take care of our needs and is really looking out for our own best interest when it fact it is stealing everything it can from each of us, but not nearly as much from us as from our children’s future.

The time for all this to change is NOW.

~~~

Updated | 8:58 a.m. The president of Penn State announced on Sunday that the statue of Joe Paterno, the university’s football coach for 46 years, would be removed because it would be a “recurring wound to the multitude of individuals across the nation and beyond who have been the victims of child abuse.” It was gone before 9 a.m.

Big Answer: “Where Does All the Taxpayer Investment money go?”

Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published on Sunday.

The study estimating the extent of global private financial wealth held in offshore accounts – excluding non-financial assets such as real estate, gold, yachts and racehorses – puts the sum at between $21 and $32 trillion.

The research estimates that since the 1970s, the richest citizens of these 139 countries had amassed $7.3 to $9.3 trillion of “unrecorded offshore wealth” by 2010.  Private wealth held offshore represents “a huge black hole in the world economy,”

*****

For a full overview to get well informed and aware of the massive fraud being perp’d on us all watch these:
Walter Burien’s    The Biggest Game in Town
Cliff Richardson’s:  Corporation Nation

*****
First the credit has to go to two very hard working, self-appointed forensic accountant dynamic duos, Walter Burien  here and Cliff Richardson  here.  It is particularly Mr. Burien’s tireless work for over a decade that has disclosed the fraud on we the people.

He has been hounded by the IRS, put in jail on bogus charges by the FBI and generally harassed to no end for uncovering the deep, dark truth about how much money we the taxpayers have and how. how we all have been/are being hugely ripped off and how nefarious the relationships are between politicians and 2Big2Jail whorporations.

~~~

~~~

Critical Terms:  CAFR, Commingled, Fiduciary and Enterprise Funds

CAFR is the ‘other’ set of books that include all government income, investments and assets.   Commngled Funds are the Fiduciary (investment) and Enterprise (Lottery, pension, workmen comp., public utilities, public golf courses, insurance etc.) and tax revenues and expenditures.

The Whole Picture of Everything We Own and Owe.

All have been broken down into individual funds with their own Profit and Loss and Balance sheets that require a comprehensive report to fully understand the total value. So to get a full idea of the compilation of these thousand of separate funds, you need to look at the CAFR.

CAFR (Comprehensive Annual Financial Report)

~ How We Know What the Full Value of Investments and Assest Are of our Government ~These reports are the only place we can view the full extent of government use of funds, investments and holdings.

“The CAFR is set up to be a simple, quick evaluation book to show: total income, total assets, total investments, total net worth. What’s been going on in this country for the last 65 years is government will always focus the public’s attention — intentionally so — on the budgetary basis of the budget report. And the only thing the budget report is, is their annual operating expenses.

You will also hear when investments are mentioned: “Oh, that is our employees retirement Funds” WRONG… The retirement funds are but one category.. (a large one) then you have self insurance funds; advance forward liability funds; special liability funds; enterprise forward project funds; and the list goes on and on. Just on the state level you are looking at around 12,000 separate specialty investment funds large and small. And with an audit of all local government specialty investment funds would be well in excess of 100,000 specialty investment accounts.

Never a peep about this to the public, and the reason why? DUE TO THE MONEY AND CONTROL involved! Governments from all across the country have been developing their non-tax income for over 65 years.

The public was presented with “Budget Reports” to account for where “Tax” income and expenditures were applied “for the year”. To see the same local governments “gross income; standing investment wealth derived over decades; the investment return generated; and the enterprise operations massive wealth generated, you must look at the same local governments Annual Financial Report, or as government calls it, their: Comprehensive Annual Financial Report (CAFR). A Google search will pull up many.

For the CA State CAFR just put on the search line: “The State of California” CAFR

The state CAFR will pop up for downloading. You can do the same for “The city of Los Angeles” or Burbank, San Francisco, Sacramento, County of Los Angeles, etc., etc., etc….

Now a local government like the State of CA can say: “We have a fifty-billion dollar shortfall on our budget” (Tax Revenue) and a “true” review of the state’s Comprehensive Annual Financial Report could show the state 200 billion in the black. The budget will be shown in the CAFR and it is only 1/3rd of the pie when it comes down to gross income…

Some people have referred to this as having two sets of books. Well, there are not two sets, there is only one and that is the CAFR of which the budget is a segment thereof.. an inferior report to the CAFR.

http://cafr1.com/challenge.html

Q: This Comprehensive Annual Financial Report, is it just a stack of numbers or is it something that has an executive summary and can actually be read and understood?

A: The CAFR is set up to be a simple, quick evaluation book to show: total income, total assets, total investments, total net worth. What’s been going on in this country for the last 65 years is government will always focus the public’s attention — intentionally so — on the budgetary basis of the budget report. And the only thing the budget report is, is their annual operating expenses.

Q: Give me an example.

A: Say it cost us $30,000 a year to maintain our house. Say our salary or income was $100,000 a year and we had a million dollars in investments, and say our total net worth was $3 million. What if we talked about our $30,000 budget as being our net worth? It would be ludicrous.

Q: So this is an intentional scam?

A: You’ve had a shell game played on the public where governments are constantly talking their budget, their budget, their budget. They just happen to leave out the decades and decades and decades of investment wealth that has been building up, the decades and decades and decades of enterprise and venture projects they have created separate from the budgetary basis.

Q: Just how ubiquitous are these Comprehensive Annual Financial Reports?

A: The Comprehensive Annual Financial Report was created by a group called Government Financial Officers Association in 1946. It was a program created to standardize accounting in all local governments so the federal government could easily see what the true picture was. In 1981, the federal government mandated that all local governments prepare a CAFR or, in the alternative, a combined financial statement. To qualify this, there are over 54,000 separate corporations!! within local government.

A: A city is a corporation; a state is a corporation; a school district is a corporation. Each is filing their own separate report, each with their own investments. I’ve had a lot of people looking at their state reports. They see the tens of billions of dollars they never knew existed — and they are floored. Then I bring to their attention: “You’re just looking at the state report.”

Q: Give us an example.

A: I’ll use the state of Washington as an example. It lists $64 billion in liquid investment funds. Now the state of Washington has 2,300 separate local government corporations filing their own separate reports: cities, counties, school districts, authorities. You have 2,300 other reports.  http://www.wnd.com/2000/08/6265/
~~~~

The President of the country is a lawyer, along with his wife, and for that mater more than half of all U.S. Presidents, 56/100 Senators, over 35% of Congressmen, both “speakers” of the house, and most of the State Governors in office today are all BAR attorneys/lawyers,

Commingled Funds

aka Government ‘mutual’ funds (not included in State Budget Reports)
Kept separate from government budget and by law, is not allowed to be a part of the budget accounting but  Includes A)  Enterprise Funds and B) Fiduciary Funds.

Each time money comes in there is a separate fund with separate profit and loss and schedule of revenues and expenditures dedicated solely to that fund but put under the overarching Commingled Funds.  Take a look at Wyoming’s CAFR to see the thousands of funds set up that would take a forensic accountant to decipher and decode as to the true nature. here

A) Enterprise Funds ~ Operations of Government

Broken down usually in Major and Non-Major Funds
Massive amount of individual funds for lotteries, water works, garbage, parking, permits, income from goods and services, retirement, insurance, etc.

“An Enterprise CAFR Fund is established to account for operations: Which are financed and conducted in a manner similar to operations of private business enterprises, where the intent of the governing body (the council) is to have the expenses (including depreciation) of providing goods or services on a continuing basis to the general public, financed or recovered primarily thru charges to the user. Historically this has been construed to mean that if you are a user of the service you are billed for only what you actually use, no more no less. It is a common misconception that some portion of property taxes are collected and used to subsidize the operation, this cannot occur under an enterprise fund. ”

B) Fiduciary Funds ~ Investments of Government of OUR money
Where they invest and use our money to make non-budget profits and investments partnering with private business’, banks and other countries.

Fund accounting is an accounting system emphasizing accountabilityrather than profitability, used by non-profit organizations and governments. In this system, a fund is a self-balancing set of accounts, segregated for specific purposes in accordance with laws and regulations or special restrictions and limitations.[1]

The label, fund accounting, has also been applied to investment accounting, portfolio accounting or securities accounting – all synonyms describing the process of accounting for a portfolio of investments such as securities, commodities and/or real estate held in an investment fund such as a mutual fund or hedge fund.^[2][3] Investment accounting, however, is a different system, unrelated to government and nonprofit fund accounting.

~~~

CALIFORNIA SCHEMING ~ ONE STATE REVIEW/ANALYSIS

CAFR CA State Park Fund ‘Discover’s’ Excess $ 55 million, $ 2.3 Billion more now ‘found’.

This is just the tip of the Iceberg of what is really hidden and available to us, should we decide to take back our money.

For five weeks I journalistically hammered that California’s Comprehensive Annual Financial Report (CAFR) reveals $600 billion in surplus taxpayer assets, and the various local government agencies’ CAFRs are data-sampled to total $8 trillion in surplus assets.

Last week, the California Parks and Recreation Department was found to be hiding $54 million in assets; more than twice their claimed $22 million budget deficit. This disclosure of fiduciary malfeasance led to the department director’s resignation, and the firing of the second-in-command.

Today, the San Jose Mercury News reports a total of $2.3 billion more was “found” in 500 accounts.

~~~

Here is a partial list of ending balances of all of the governmental and nongovernmental “Investment Funds” that the California State Government was holding onto for the year 2011: (partial list) go here for full list.     http://realitybloger.wordpress.com/?s=lottery&submit=Search

Nonmajor governmental funds account for the State’s tax-supported activities that do not meet the criteria of a major governmental fund. Following are brief descriptions of nonmajor governmental funds.

Special revenue funds account for the proceeds of specific revenue sources, other than debt service or capital projects, that are restricted or committed to expenditures for specific purposes.

Page 194 – (chart) “Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds” – as of June 30, 2011:

Business and Professions Regulatory and Licensing Fund – $1,396,449,000

Environmental and Natural Resources Fund – $8,683,305,000

Financing for Local Governments and the Public Fund – $5,273,511,000

Cigarette and Tobacco Tax Fund – $253,300,000

Local Revenue and Public Safety Fund – $44,520,000

Health Care Related Programs Fund – $947,552,000

Trial Courts Fund – $1,522,274,000

Golden State Tobacco Securitization Corporation Fund – $619,754,000

Other Special Revenue Programs Fund – $1,907,723,000

————————————————————————————-

TOTAL IN SPECIAL REVENUE FUNDS = $20,648,388,000

 

Enterprise funds – (Page 218) – account for operations that are financed and operated in a manner similar to private business enterprises, where the costs of providing goods or services to the general public on a continuing basis are intended to be financed or recovered primarily through user charges.

High Technology Education Fund – $34,907,000

State Water Pollution Control Revolving Fund – $3,172,928000

Housing Loan Fund – $159,679,000

Other enterprise program funds – $245,450,000

————————————————————————————-

TOTAL IN ENTERPRISE FUNDS = $3,612,964,000

Pension and other employee benefit trust funds – (Page 234) – account for transactions, assets, liabilities, and net assets available for pension and other employee benefits of the two public employees’ retirement systems that are fiduciary component units and for other primary government employee benefit programs.

Public Employees’ Retirement Fund (CalPERS) – $241,761,791,000

Public Employees’ Health Benefits Fund (CalPERS) – $1,866,877,000

State Teachers’ Retirement Fund (CalSTRS) – $155,345,815,000

Teachers’ Health Benefits Fund (CalSTRS) – $598,000

Deferred Compensation Fund – $9,365,582,000

Judges’ Retirement Fund (CalPERS) – $54,146,000

Judges’ Retirement Fund II (CalPERS) – $575,833,000

Legislators’ Retirement Fund (CalPERS) – $123,476,000

State Peace Officers’ and Firefighters’ Defined Contribution Plan Fund (CalPERS) – $499,873,000

Supplemental Contributions Program Fund (CalPERS) – $19,658,000

Other pension and other employee benefit trust funds – $10,117,000

————————————————————————————-

TOTAL IN PENSION/EMPLOYEE BENEFIT FUNDS = $409,623,766,000

Major Discretely Presented Component Units (Chart) (Page 52) – Statement of Net Assets – Enterprise Activity:

University of California Fund – $55,793,132,000

State Compensation Insurance Fund – $21,258,923,000

California Housing Finance Agency Fund – $10,196,223,000

Public Employees’ Benefits Fund – $4,071,565,000

————————————————————————————-

TOTAL IN MAJOR COMPONENT UNIT FUNDS = $91,319,843,000

*****This means CA is far, far from broke.

 

Example # 1

Hiding the Money in thousands and thousands of Government Funds

“When you look at a government budget, you’re not looking at a business budget where everything is combined and there’s one bottom line and a profit and loss statement,” said Steven Frates, fellow of the Rose
Institute of State and Local Government.

“Instead, you have a whole group of independent funds, which are governed by a single governing body, usually elected officials, but not always. Each one of those funds is a separate legal and accounting entity; each one is self-balancing, with its own set of books.”

Frates “paints a verbal picture” to make his point. “Imagine a business’s books as a coffee can,” he said. “You have money coming in and money going out. If you have more money coming in than going out, what you have left over is your profit.

“Government accounting is different. A government entity has many coffee cans — funds — and money comes in and goes out. A big government entity may have hundreds, even thousands of coffee cans. What
money is allowed to go into a particular coffee can is determined by law – and you can’t just take money from one and put it in another.

The general fund can take money from anywhere — taxes, fees, assessments – and so on, but the debt service fund can only take money from certain sources, the revenue fund can only take it from certain revenues, a
special assessment fund can only take it from that particular assessment.”

Frates deplored the “creativity” on the part of officials to evade restrictions on how funds get money, how it is spent, and the way money is transferred between funds — all of which makes for confusion on the
part of the public if and when they learn about it.

~~~

To help in your understanding, let’s say that you were to have a checking account with $1,000 and a savings account with $10,000 in two different banks, and that you only reported to the government that you had $1,000 dollars as your net worth because you don’t want to use your savings account to pay bills (taxpayer obligations) to government. You’d be audited and put in a federal debtor’s prison. But for government, the simple designation of “non-governmental” or “non-taxpayer” income and investment returns allows them to hide all of this wealth from the people and the “Budget Report”, while never mentioning the funds and wealth in the CAFR report. The only difference is that government does this legally – because government makes its own laws!

Why do they do this?

The answer is simple, really… TO JUSTIFY THE CONTINUATION OF, THE RAISING OF, AND CREATION OF NEW TAXES!!!

The Simple Truth ~ California

MoonBeam Governor Lawyer Jerry Brown is telling us all that California voters must vote themselves a large tax increase or else the schools budgets will be slashed dramatically.  This is a lie! It is theater for infotainment and to get us to pay and pay an pay from our accounts while we get cut and cut and cut to our social programs and they steal and steal and steal for their own personal uber wealth!

The State Government of California has $100′s of billions in liquid investments and assets, could easily pay off all of its debt tomorrow, and would have $100′s of billions left over.

————-

This public evidence makes Governor Brown’s claim of a ~$16 billion budget deficit with no option than “austerity” a lie. This is similar if the governor claimed the public checking account didn’t have enough money for our children’s schools while he covered-up a savings account with over 30 times the claimed shortage. This charge applies to previous administrations and both political parties’ leadership.

Clint notes on page 107 of California’s CAFR that the $6 billion annual interest cost and $164 billion in state debt are also cover-ups when contrasted with taxpayers’ investments. A sharp irony is that many of California’s “investments” are in other government debt securities. This means a net loss to taxpayers as one group pays another interest minus the cost of creating and managing the debt.

The state of California claims these funds are “designated” and cannot be used for other purposes, and necessary to fund pensions.

Designated” lasts only as long as our representatives say; and these are the same people who “designated” austerity for our schools, roads, and and other essential infrastructure. When I last invested the time to slog through the state’s CAFR in 2009, the difference between current employee contributions and pension payments in a depressed economy with laid-off employees was $1.8 billion. This means the state claims they need 320 times the budget deficit to solve this problem. That is, the state claims they need to overtax Californians 320 times over to pay a bill.

Californians do not know about these funds revealed in the CAFR. If they did, would they choose the state’s management of austerity while investing in debt and Wall Street’s scraps from corporate dividends? Or would they demand to know their other options?

If this $600 billion were returned to California’s 12 million households, each would receive $50,000. Or, if you prefer the money returned per average household income of $50,000 since this sum represents an overtax, each household could receive a proportional amount (if your household earns $150,000/year, you would receive $150,000). But wait, there’s more: the state is just the largest of literally thousands of government entities in California, with each having investments and “rainy day funds,” the collective total of what Californians have been overtaxed has been sampled and estimated at the astounding total of $8 trillion.

What if I could show you over $577 billion in investment fund balances that aren’t being reported by the California State Government on its budget report?

In this article we will once again show the purposeful omission of massive amounts of wealth by your government. If you live in California, this may well be the most important thing that you read this year. If you live elsewhere… rest assured that the same holds true in your State, County, Municipality, School and other districts.

Now, the first thing that must be understood is the difference between the partial “budget report” as referred to above by the Governor, and that of the Comprehensive Annual Financial Report – which is the full audit of the California government. The following paragraph is taken directly from the 2011 CAFR report, and explains this difference quite succinctly…

On page 200, the 2011 California State CAFR explains the following (emphasis mine):

“On a budgetary basis, the State’s funds are classified as either governmental cost funds or nongovernmental cost funds. The governmental cost funds include the General Fund, most of the funds that comprise the Transportation Fund, and many other funds that make up the nonmajor governmental funds reported in these financial statements. Governmental cost funds derive their revenue from taxes, licenses, and fees that support the general operations of the State. The appropriations of the budgetary basis governmental cost funds form the annual appropriated budget of the State.

Nongovernmental cost funds consist of funds that derive their receipts from sources other than general and special taxes, licenses, fees, or state revenues and mainly represent the proprietary and fiduciary funds reported in these financial statements. Expenditures of these funds do not represent a cost of government and most of the nongovernmental cost funds are not included in the annual appropriated budget…”

And so we can see that governments participate in many business activities; and we must first and foremost understand that a large portion of liquid investment assets are held within what the government calls “non-governmental” activities, including “Enterprise Operations”. These investment assets are usually kept in what are called “Investment Funds”.

But government is only obligated (by its own law) to report what it refers to as “governmental” or “taxpayer” activities to the citizenry on its “Budget/Appropriations Report”. Tax in… Tax out…

NOTE 10: LONG-TERM OBLIGATIONS (Page 107)

“As of June 30, 2011, the primary government had long-term obligations totaling $163.9 billion. Of that amount, $5.8 billion is due within one year.”

So all it would take to get California out of debt would be $163,900,000,000 ???

That’s it?

You better believe it!!!

But there is one big problem… Government likes debt. Debt is profitable. And so government is in a continuous cycle of borrowing and bonding money… FROM ITSELF!!! One government or fund will loan to another. Government funds makes loans and creates corporate bonds to banks and corporations. The whole shell game is about creating and sustaining debt to ensure future taxation for more investment opportunities in the future. The thought of paying off all debt would be like asking pharmaceutical companies to develop a cure for disease… It ain’t going to happen!!! They’d be out of business if they cured the thing they treat the symptoms of… and so too would a majority government bureaucracy be redundant and unnecessary if government did not promote perpetual debt.

So let’s add up what we’ve found here today, and see if California could pay off its debt tomorrow and never have to issue a taxpayer bond ever again…

From the CAFR above, we had:

TOTAL IN SPECIAL REVENUE FUNDS = $20,648,388,000

TOTAL IN DEBT SERVICE FUNDS = $484,712,000

TOTAL IN CAPITAL PROJECTS FUNDS = $1,589,456,000

TOTAL IN BUILDING AUTHORITY FUNDS = $86,174,000

TOTAL IN INTERNAL SERVICE FUNDS = $574,355,000

TOTAL IN ENTERPRISE FUNDS = $3,612,964,000

TOTAL IN PRIVATE PURPOSE TRUST FUNDS = $4,625,181,000

TOTAL IN AGENCY FUNDS = $18,444,563,000

TOTAL IN NONMAJOR COMPONENT UNITS = $2,874,358,000

TOTAL IN MAJOR GOVT FUNDS = $7,888,786,000

TOTAL IN PROPRIETARY FUNDS = $-2,806,744,000 (deficit)

TOTAL IN MAJOR COMPONENT UNIT FUNDS = $91,319,843,000

Of this is listed as “Investments” = $55,000,000,000

INDEPENDENT SYSTEM OPERATOR (as of Feb, 2012) = $875,764,000

CEA – TOTAL AVAILABLE CAPITAL (after liabilities) = $3,753,367,495

BATA – TOTAL FUND BALANCES = $3,175,070,238

TOTAL PENSION TRUST FUND INVESTMENTS = $456,488,666,000

—————————————————————————————————————-

TOTAL FOR ALL INVESTMENT FUNDS = $577,315,060,000 (approx).

And so now you know… the Government is lying to you. It promotes debt and hides assets.

~~

New California Tax would not fund Education!

Most Californians would be surprised to learn that 100 percent of education’s share of the tax increase proposed by Governor Jerry Brown will go to pensions instead of classrooms. But that would be no surprise to longtime observers of the California State Teachers’ Retirement System, which administers teacher pensions.

Here’s why: After retirement, teachers are unconditionally guaranteed lifetime pensions by their school districts. Everything works out fine if Calstrs, as the retirement system is known, earns the investment returns it forecasts and from which upfront contributions are derived.

But if they fall short, school districts must make up the difference. Because of compounding, the failure to earn forecasted earnings translates into huge deficiencies down the road

~~~~

Example #2  The Los Angeles CAFR Games

A basic example is in Carl’s turf, California: The “County” of LA had a budgetary basis in 2007 of 17.5 billion dollars. From 2008 to 2011 the county of LA promoted how they were pulling in the belt and cutting back expenses. Stories of lack of funds flew through the news and political party streams.  The realty of the situation was from 2007 to 2012 (five-years) LA County as seen in their CAFR increased their budgetary income from 17.5 billion to 25.8 billion dollars, an increase of 8.3 billion or a 47% increase as they promoted to the population they were in dire-straits and cutting back..

It does not take a genius to see the basics at work here per the local government of LA County’s wealth-base increase of annual income as the population is driven further into poverty. To allow the public to be distracted or misdirected away from such an overwhelming basic fundamental is unacceptable in any light.

~~~

Challenge to LA Government about their accounting.

Dave: the evidence I provided show Governor Brown’s testimony that reduced funding to Los Angeles County (LACO) while saying we have “no options” and lying in omission of $600 billion in taxpayer assets. This lie caused damages in your jurisdiction: Los Angeles County courts face 56 closures, as you know. Perhaps you should research local officials also saying we have “no options” while LACO CAFR shows $66 billion in investments.

There are a lot of taxpayers in LACO, Dave. The bulk of taxpayer assets claimed to be for “pensions” don’t fund pensions beyond a token 4%. That’s like taking a million dollars of public money, giving $40,000 to pensions while keeping $960,000 for yourself, and calling it a “pension fund.” How could you be so confident such a lie isn’t connected to stealing or officials own use without investigating?

Your wording of “misinformation” has a connotation of “mistaken” rather than officials at some levels damn well knowing these hundreds of billions in taxpayer assets exist and intentionally disinforming the public.

response to Mr. Herman:

Mr. Herman:
”Fraud” is not a crime. In law, the term fraud is used to define an intent, or state of mind, required as an element to prove certain theft related crimes. You have not alleged that any public official stole public funds for their own use. What you describe as fraud appear to be allegations of misinformation. As to any unnamed state officials alleged to have provided misinformation, this office only has jurisdiction to prosecute crimes occurring within Los Angeles County. You may want to contact the Sacramento District Attorney’s Office.

This matter is closed.

Dave Demerjian

Head Deputy

Public Integrity Division

~~~~

CALPERS Fraudulent Disclosure
(click above for fuller list of CA investments this is the short list covering just TWO 2Big2Jail banks.)

“SACRAMENTO, Calif. – The nation’s largest public pension fund collected a dismal 1% annual return on its investments, a figure far short of projections that will likely bring pressure on California’s state and local governments to contribute more money, officials said Monday.

The return reported by the California Public Employees’ Retirement System was well below its projected return of 7.5% for the fiscal year that ended June 30.

The investment returns are critical because taxpayers are on the hook for the difference if the pension funds fail to meet their performance targets.

CalPERS just happens to own 4,583,935 shares of Morgan Stanley, at a listed book value of $98,224,686 – and a market value of $105,476,344.

It also lists its direct stock ownership in JP Morgan Chase at 11,543,471 shares, with a book value of $292,151,725 – and a market value of $472,589,703.

COLLATERL JP MORGAN CHASE – par/market value – $39,800,000 – listed at a measly 0.07% return, maturing 12/31/1949

MORGAN STANLEY REPO – par/market value – $66,500,000 – listed at a measly 0.04% return, maturing 12/31/1949

(Page 6-7) “Asset-Backed Securities”

CHASE ISSUANCE TRUST – par value – $1,865,000,000 – market value – $1,887,438,748 – 1.74% return, maturing 04/15/2014

JP MORGAN MORTGAGE ACQUISITION – par value – $7,150,000 – market value – $2,532,394 – 1.32% return, maturing 01/25/2037.

JP MORGAN MORTGAGE ACQUISITION – par value – $27,936 – market value – $8,166 – 0.91% return, maturing 08/25/2036.

MORGAN STANLEY CAPITAL INC – par value $95,008 – market value – $77,319 – 0.88% return, maturing 09/25/2034

MORGAN STANLEY CAPITAL INC – par value $2,660,000– market value – $1,866,197 – 0.69% return, maturing 12/25/2035

MORGAN STANLEY CAPITAL INC  – par value $2,921,764– market value – $2,537,286 – 0.58% return, maturing 11/25/2035

MORGAN STANLEY DEAN WITTER CAP – par value $292,899– market value – $111,961 – 8.53% return, maturing 11/25/2032

TOTAL (par value) = $1,878,147,607
TOTAL (market value) = $1,894,572,071

(Note that CalPERS gave these “loans” to Morgan Stanley, getting a horrible return on its investment, often less than 1% – and not getting that money paid back until as long as 2037 and beyond. This leaves Morgan Stanley and JP Morgan Chase to use and invest that money for more than 25 years for future massive profits and expansion. And if these banks lose it? No problem

TOTAL (par/market value) = $106,300,000

Page 14) “Corporate Bonds”…..etc, etc. etc.,

So let’s total up these investments and loans and figure out just how much this one pension fund called CalPERS has invested into just these two conglomerate banks:

Direct Ownership Stock Holdings:

TOTAL (book value) = $390,376,411
TOTAL (market value) = $578,066,047

Domestic Cash Equivalents (securities)

TOTAL (par/market value) = $106,300,000

Asset-Backed Securities

TOTAL (par value) = $1,878,147,607
TOTAL (market value) = $1,894,572,071

Corporate Bonds

TOTAL (par value) = $266,755,760
TOTAL (market value) = $283,810,091

Mortgage-Backed Securities

TOTAL (par value) = $1,033,671,298
TOTAL (market value) = $958,096,837

International Debt Securities

TOTAL (par value) = $4,000,000
TOTAL (market value) = $5,417,906

——————————————————————–

TOTAL (par value) = $3,679,251,076
TOTAL (market value) = $3,826,262,952

——————————————————————–

It is important to understand here that this single pension fund has nearly $4 billion in directly apportioned investments within just these two banks. In reviewing thousands of other public pension fund “asset holding lists” we will find a similar pattern, from billions to millions and down into the smallest of pension funds with mere thousands. But collectively, when all of these funds are considered as one whole government investment scheme, we can easily see that the corporate world as it stands today would not exist without government funding through taxpayer and pension contributions to it, and directly because of these pension investments over the last several decades.

It is also important that we consider what are called “indirect” investments held by these pension funds. While direct stock and bond listings are very clear as to where that taxpayer money is invested, CalPERS (and all pension funds) also invest heavily into the private equity and mutual fund markets. In fact, as you can see, the pension and other government fund structures across the country are the main investors (institutional investors) within these private funds.

The problem? Those funds also invest into JP Morgan Chase, Morgan Stanley, and most other banks and investment houses. And so to get an accurate accounting of the % of investments that CalPERS actually has within these two financial institutions, we would have to audit its own investments in these private funds to find out where that private fund has placed CalPER’s investment income – and good luck with that!

~~~

CA Pension Fund Scam

Pension Funds are a special case. It is very important for the reader to understand that the world-wide pension system (including Social Security and Medicare funds) is the government’s main tool to funnel massive amounts of taxpayer money into these investment funds schemes. This is taxpayer money being contributed (given) to these pension funds with no benefit to the majority of the taxpayers in the State (only benefits State employees), and these taxpayer contributions are added on top of what these actual state employees contribute. The employees themselves have no equity in the taxpayer portion of contributions that are given over to the pension funds, and is the property of the government fund – NOT THE EMPLOYEES!!!

According to the chart on page 234 of the California State CAFR, the contributions to these pension funds were as follows:

Total Contributions To All Pension Systems  – $18,723,324,000
Contributions from Employees (Members)    – $6,699,601,000
Contributions from Employers (Taxpayers) – $12,023,723,000

Remember that the so-called budget deficit that was quoted by the Governor for 2012 was only $15.7 billion, revised from $9.2 billion.

And yet here are the taxpayers being forced by law to contribute to this pension investment scheme with no benefit whatsoever to the non-state employed taxpayers.

This means that the 37,691,912 people who lived in California as of July 1, 2011 paid over $12 billion to support only State employees by allowing the California Government to give their taxpayer funded money to the pension fund system. This does not include federal, county, and local contributions of taxpayer money to those other pension systems.

NOTE 10: LONG-TERM OBLIGATIONS (Page 107)

“As of June 30, 2011, the primary government had long-term obligations totaling $163.9 billion. Of that amount, $5.8 billion is due within one year.”

So all it would take to get California out of debt would be $163,900,000,000 ???

That’s it?

You better believe it!!!

~~~

The CAFR Lottery/School District Massive Ponzi Scheme
Separate corporate separate entity and an Enterprise Fund (company organized for commercial or business for profit listed as a non-profit as an Independent State Agency.)

CA State takes in tens and hundreds of millions of dollars from lottery ticket purchases and is immediately put in a fund and invested.  50% of revenues goes to the public as prizes, 34% to Education and 18% Administration.

Lottery fund  cash is put into Electronic Fund Transfer (EFT) investment fund, Risk management fund, CA police officers memorial fund and Surplus Money investment fund, et.al.

The Scam:

CA State has taken in $59 billion in lottery proceeds since 1985.  They are required to contribute $ 29.8 billion to ‘Education’ fund and  $ 30.5 billion has been paid out to lucky ‘winners’ over time with $ 19 billion in operating and admin. expenses.

Lottery money comes in through Electronic Transfer from retailers and is put in a fund and invested by the state.  While weeks and months of investment increases, the government takes, and keeps, the investment income.

Then a winner is declared and offered a full payment, but must pay 1/2 for taxes (so the full amount never gets paid out) or they may choose to get payouts of the long term to lower the winner’s tax base…while the funds gather investment interest and appreciation in a separate investment fund that goes to the government and not the taxpayer.  Some payouts go out over 26 years of which time the government takes the lottery money and invests it and collects the profits for themselves resulting in huge profits.

On top of that the government floats bonds (borrows) to pay for the winners as recorded in Long Term Liability and is charged by banks to do so.

‘Education’ Fund’ is a vague term and no money goes to the schools as stated by is in the business of gambling to create more players to fund.  The money goes into the Education to the Fund and not to the schools.

Every single winner is going to give 25-30% to the Federal government which is a huge reason they allow legalized gambling.  The State then takes the investment money (not paid out) and invests it in Federal securities through banks, who make bank on fees.

~~~
~

Where do the profits made from the invested funds go?

(if you think you own your property, then why are you required to pay ‘Property Taxes’?)

If the government owns enough stock in all major corporations to determine their board members who in the government is tasked with this duty?

If the government uses our personal property as collateral in its operations why would the government allow the financial services secter (which it presumably would have ownership contol) to crash the housing market?

1) Some tax-monies are used to build infrastructure, etc, but the extra (Profits or gains) and the gain on investments go back into other funds around the world, building them up in a massive way. Then those funds are used as collateral or “equity” to do any multitude of dirty deals – and of course the debt is again nationalized to the taxpayers. The governments debt is not the governments debt, it is the peoples debt.

2) The proxy voting rights of the collective shareholders (all government investment funds) are handed over to several private associations, whom then vote on behalf of the collective shareholders – government. This is no different than the entire Republican Party (the people) giving up their voting rights every election to one candidate to run for president. The Republican or Democratic “Party” is a private incorporated association which acts a collector of proxy votes from “delegates”. Shareholders proxy votes are handled in the same way… People don’t make law, a private association does through the power bestowed via the people. People don’t really vote for anything except what suit will fill the office that vote for them. This is the great myth of “democracy”. Search for the term “CORPORATE GOVERNANCE” and a whole new world will be opened up before you. Nothing is as you are taught!

3) If you read your State constitution, you will find that the concept of “personal property” does not really exist. It was a requirement for each territory to become a state (which is just a federal district = state) it was required for the “people” of the territory to give all lands to the United States (I.E. the corporate structure). You have no personal property. Eminent Domain is proof of that. Also, congressional record states that all people, their property, and land is pledged as collateral for the “Dollar” – the fiat paper currency that we fallaciously call “worthless” and “printed out of thin air”. Our gold was pledged as well, all 236 million ounces – all collateral for the Dollar. The so-called “crashing” of real-estate is just a numbers game. Raise the price, bet short, lower the price, bet high, raise the price, etc. This the same game with the price of oil, pork bellies, corn… you name it. Those who control the market set the price and profit from both ends of the bet. Because don’t forget, when you or any of the gullible good people of America loose money in the stock or housing market, there is always some entity on the other side of your transaction making a profit from your loss. The money doesn’t just disappear!

Banks don’t loose anything from a foreclosure or if you default on your loan, because remember, “money is CREATED when banks make loans to persons (corporations are persons too). Since the money is created in a bank loan, the bank has not loaned you any of its own money, which is why it needs no reserves to cover the loan. It monetizes your loan application and documents through the FED and then as middleman “loans” you the newly created money. The bank has then got a ZERO BALANCE at the time of the loan!!! You agree via contract to pay the bank – which is all profit, both principle and interest!!! The bank is just helping and scamming you to create the money that technically you could create by being your own bank. It’s a middle man. Why is this important? Because the bank has no interest in seeing you succeed in making your loan payments or keeping your house. It would much rather have you “create” more money for a new loan for which again, it will use none of its own money and yet make you pay more more more! It’s in government’s and the banks best financial interest to “crash” the system every once in a while, usually through artificial scarcity or inflation.

Loans are just a journal entry. The whole thing is a scam. Most of the money being “played” in the investment markets is this type of equity based money, collateralized by all of our collective selves and our land and property.

There is no free country. And you don’t own anything that can be taken away. And in America, everything from your freedom to your land to your very children can be taken by the State. You have no “private property” unless you are willing to fight for it.

Sadly, Most aren’t.

~~~

The United States is A Corporation;

Congressmen confirms U.S. is a corporation here

U.S. CODE is the corporate code of the UNITED STATES Federal corporation. Here it states that “United States” is defined as “a Federal corporation”.

———————–≈———————–

TITLE 28—JUDICIARY AND JUDICIAL PROCEDURE

PART VI–PARTICULAR PROCEEDINGS

CHAPTER 176–FEDERAL DEBT COLLECTION PROCEDURE

SUBCHAPTER A–DEFINITIONS AND GENERAL PROVISIONS

§ 3002. Definitions

15) ‘‘United States’’ means—

(A) a Federal corporation;

(Source: http://www.law.cornell.edu/uscode/28/usc_sec_28_00003002—-000-.html )

First, understand that the “United States” Federal corporation is a ten mile stretch of land that is not one of the 5o states united, and that this was mandated in Article 1 Section 8 of the Constitution.

Note that this Article only gave the federal government authority over the D.C. land – not to exceed 10 miles square. This is the corporate structure that is the Federal Government. Note that the Government is not allowed to “own” land outside of this 10 mile D.C. area. Also, states are not authorized to “own” land either. So all federal lands, state parks, national parks, etc… are not “property” of the constitutional government.

But a corporation… which the Supreme Court now says is a person too with first amendment rights… that becomes a whole other can of worms!

~~~

Goal of a One World Corporation

~~~

“I’m sorry, but God just called.
He says we’re broke”

(if we don’t count all our art, buildings, lands, gold and whatnot)

The Vatican is a Corporation

“Vatican claims $ 19 million in red.”  (The fact that the Vatican could sell just one of the thousands of priceless art they own form conquest is not even mentioned)

“Vatican City • The Vatican has registered one of its worst budget deficits in years, plunging back into the red with a (euro) 15 million ($19 million) deficit in 2011 after a brief respite of profit.

The Vatican on Thursday blamed the poor outcome on high personnel and communications costs and adverse market conditions, particularly for its real estate holdings.

Not even a (euro) 50 million gift to the pope from the Vatican bank and increased donations from dioceses and religious orders could offset the expenses and poor investment returns, the Vatican said in its annual financial report…”

Note here that we can all learn from this official statement from the Vatican in a big way. For this is exactly the same scam that all governments are claiming around the country, some even now in bankruptcy proceedings. So let’s list these similarities:

1) The Vatican is a corporation, as is each individual and Federal government entity.

2) The Vatican and government operate both in the non-profit and for-profit realm.

3) Both have an Annual Financial Report, and both have a budget report.

4) Both the Vatican and the Government have real estate holdings, as well as stock investments, foreign currency holdings, and both invest heavily into the world-wide corporate structure and fund its liquidity.

5) Both promote their debt, while hiding their investment asset balances.

6) Both have a central bank, which bails it out in moments of need, and then expects Catholics/taxpayers to pay the bill despite its liquid investment holdings.

7) Both openly lie by omission to the people of Earth, while in a position of trust, referring to a deficit while completely ignoring its investment holdings – as if these fund balances don’t even exist.

8) Both use the “depreciation” of capital assets (land holdings, buildings, etc.) to show on their financial reports a liability against other assets, in order to decrease reportable value of these investment assets.

9) Both create budgets that are falsely imploded with such things as future liabilities so as to justify its raising of taxes and its request for tithing.

10) Both create separate sub-corporations with their own financial statements as for-profit entities, but do not use those profits for the benefit of the people.

11) Both call the people “customers”, not people.

12) Both lay off employees with the excuse of budget shortfalls, still not dipping into their vast trillions in liquid investment capital.

13) AND BOTH OWN AND CONTROL THE MEDIA THROUGH STOCK INVESTMENT AND COERCION, AND USE IT TO HIDE ALL OF THIS FROM THE PEOPLE BY KEEPING THEM ENTERTAINED WITH EVERYTHING BUT THIS INFORMATION.

In this truly ironic statement by the Vatican we can see perhaps the best example ever of how a government corporation lies by the act of utter and ridiculous disassociation and nondisclosure of its true wealth. And yes, the Vatican is a corporation, and it is the government of Vatican City – as a “nation state”. It just happens to call itself a church.

~~~~~~

Important! We Own The Corporations
Collectively, through investment, the United States government owns most major corporations and just about everything else in America.

Of the Fortune 500 companies we hear about, and even invest in ourselves with our cute little peanuts we think of as personal wealth, the government has over the last 70 years or so taken financial controlling interest in all of these corporations. This is no exaggeration. This is no joke. This is the reality of the corporate and financial state of our country and it’s government.

My favorite example of the collective government ownership of these corporations is Microsoft. This will really hit home with most of you. Though collective government investments, Microsoft Corporation is approximately 83% owned by government. Take the investments of the five burrows of New York City, add in the pension funds of CALPERS in California (which is now an offshore corporate fund) and other state funds, a few school districts here and there, and many other small, medium and large individual governments and municipalities across the nation, combine them together, and you come up with the representative governmental investment total of around 83% majority ownership. The easy way to say this is that the government owns 83% of Microsoft.

“Collective government” is a very important phrase to comprehend.

Let’s imagine for a moment a board meeting at the Microsoft Corporation. I wonder who would be there? I don’t know exactly, but I’d bet at least 83% in attendance would most likely be corporate government representatives! The Defense Department would surely be there, for national security reasons of course. CIA? Probably, since they use the Internet to catch criminals and since they have so much power now to spy on us thanks to bills like The Patriot Act. How about Homeland Security? The military, and all of its branches? Raytheon, and other weapons contractors would probably be there too. I wonder who would represent the Federal Government? How about the Federal Reserve (a non-government agency) and the IRS (the Federal Reserves non-governmental private police and collection force for the central banks)? Heck, even Bill Gates would be there, but he would probably only have about as much power as the President of the United States has over his corporation, which is thankfully still called America. Yes, in case you were wondering, the United States is a corporation.

~~~

Corporation is the government, government is the corporation

When a major corporation donates money to a political campaign (remember almost all major corporations are government owned through collective investments), this is actually a loophole around campaign finance laws, as this is really just the government donating money to its own candidate or party through its collective-investment-owned “private” corporations. This is hard to swallow, but true as the nose on your face! For it was the banks who received the recent bailouts that were the largest campaign contributors to Barack Obama’s presidential campaign – in a big way. When you hear that all of these elites sit on each other’s boards of directors, that’s only a half-truth.

Our congressmen, our senators, and our president are literally automaton puppets, actors placed into power through fixed elections and then skillfully manipulated to pass laws and create legislature that helps in this whole process of land acquisition, the corporate takeover of all infrastructure and commercial real estate, and the deregulation and privatization of all regulated industries, including: banking, airlines, food, water, transportation, prisons, media, medical, and many others.

~~~

The 1% Who Control

Most Americans are unaware that this is really how the 1% play the game of power and control. My 18 years experience working with both parties leadership in attempt to end domestic and global poverty proved that they will break every promise (public and private), and lie through corporate media control.

The objective and independently verifiable facts disclosed in public CAFRs require no belief, just verification of the data. The endgame of this massive manipulation of the 1% is the 99%s recognition that the facts prove the 1%s crimes, demanding their arrests, and then having good-faith public consideration how we can best build a brighter future.

Walter explains the purpose of this game (slightly edited), with a proposed solution that can, and should, be considered by independent cost-benefit analyses to fully understand our options (10-minute video here):

Diversification and achieving the highest rates of return has always been the-name-of-the-game for the inside players. History has proven time and time again that wars, recessions, depressions, boom or gloom has always been very profitable for the select gang of controllers calling the shots and orchestrating events.

The off-shore game of taking advantage of 3rd World cheap labor started into full swing back in 1982 with CALPERS going into CALPERS International. I note that all local government fund managers coast to coast were sent a communication recommendation back in 1982/3 to participate with CALPERS International with it noted they could bypass their own local government fund management restrictions per participation in derivatives and foreign investments by doing so.

From the get-go taking advantage of cheap foreign labor and manipulating of foreign governments through what I call massive Global Management Funds was VERY profitable. Trade policy such as NAFTA, GATT, etc. were designed specifically to accentuate those profits. Mexico was the first target at the end of the 80′s, then the Soviet block countries in the 90′s, and then the big cherry China starting in 2000.

It all boils down to “Greed” and “Opportunity” “Unrestrained.”

~~~
Social Security Fund IS NOT BROKE ~ $2.6 trillion dollar in assets.

Remember, the main function of government’s taxation program is not to support government operations, but rather to increase the fund balances of governmental funds in order to create and support a massive investment based pool, which is then used for all of the non-taxpayer legal criminal activities that government participates in – what it deems as “non-governmental operations” using what it likes to consider “non-taxpayer money” derived from these investments and their returns. You see, your corporate government figures that any gains it is able to collect from investing your taxpayer money is there’s to keep and play around with at its leisure.

Of course, the Federal government continues to tell the people of America that the Social Security system is in financial ruin, and will be broke by the time many of us come-a-collectin’ in just a couple of decades. They tell us that the evil baby-boomers will strip Social Security bare, and drain the entire program into oblivion.

And so, according to the 2011 CAFR for the Board of Trustees of the Social Security System, the Social Security Trust Funds have a combined total of…$2.6 trillion dollars.

~~~
Carl Herman articles; a Harvard grad at that, is picking up the ball from the deep work of Mr. Burien and Mr. Richardson.  also note the current dates of these articles as the Biggest Scam Ever is just getting uncovered/discovered by the Alt. Internet cyber sleuths.

1% hide $21 trillion, US big banks hide $10 trillion; ending world poverty: $3 trillion

Using data from the BIS, IMF, World Bank, and governments, former Chief Economist at McKinsey, James Henry, reports the 1% have deposited $21 trillion to $32 trillion in tax havens to evade taxes. Related, the Federal Reserve reports the US … Continue reading →
So-called “rainy day” accounts are tragic-comic in non-disclosure and non-performance for budget, infrastructure, and pension funding. For example, Californians have $8 trillion in surplus assets

withheld by government in this current structure that 1% “leaders” claim requires our austerity (yes, that’s about $650,000 per household). These assets are hidden in plain sight in Comprehensive Annual Financial Reports (CAFRs). For my archive on this topic, use this link: CAFR.

As good as these breakthroughs are, resource-based economics

is our predictable future just beyond these three reforms.

Americans and humanity are just “emperor has no clothes” obvious declarations away from freedom. Use your self-expression in powerful, beautiful, and unique contribution for 100% of Earth’s inhabitants’ success.

Now is the time; we know that you’re ready to save the lives of millions of people, help billions in dire poverty, and reclaim trillions in economic wealth!

CA CAFR $600 billion ‘case study’ final status with state reps, local media, law enforcement

This is the final status I see with a case study to communicate California’s $600 billion in surplus assets as documented in the state’s Comprehensive Annual Financial Report (CAFR) to my two state representatives, local media, law enforcement, and local … Continue reading →

You were born together, and together you shall be for evermore… But let there be spaces in your togetherness… Love one another, but make not a bond of love. Let it rather be a moving sea between the shores of your souls. Fill each other’s cup but drink not from one cup. Give one another of your bread but eat not of the same loaf. Sing and dance together and be joyous, but let each one of you be alone, Even as the strings of a lute are alone though they quiver with the same music.

Rainy Day Fund Excuse

So-called “rainy day” accounts are tragic-comic in non-disclosure and non-performance for budget, infrastructure, and pension funding. For example, Californians have $8 trillion in surplus assets

withheld by government in this current structure that 1% “leaders” claim requires our austerity (yes, that’s about $650,000 per household). These assets are hidden in plain sight in Comprehensive Annual Financial Reports (CAFRs). For my archive on this topic, use this link: CAFR.

As good as these breakthroughs are, resource-based economics

is our predictable future just beyond these three reforms.

Americans and humanity are just “emperor has no clothes” obvious declarations away from freedom. Use your self-expression in powerful, beautiful, and unique contribution for 100% of Earth’s inhabitants’ success.

Now is the time; we know that you’re ready to save the lives of millions of people, help billions in dire poverty, and reclaim trillions in economic wealth!

A CAFR $600 billion ‘case study’ final status with state reps, local media, law enforcement

This is the final status I see with a case study to communicate California’s $600 billion in surplus assets as documented in the state’s Comprehensive Annual Financial Report (CAFR) to my two state representatives, local media, law enforcement, and local … Continue reading →

You were born together, and together you shall be for evermore… But let there be spaces in your togetherness… Love one another, but make not a bond of love. Let it rather be a moving sea between the shores of your souls. Fill each other’s cup but drink not from one cup. Give one another of your bread but eat not of the same loaf. Sing and dance together and be joyous, but let each one of you be alone, Even as the strings of a lute are alone though they quiver with the same music.
~~~
The Senate Funds Scam (paid for by You and Me)

But in truth, if one wishes to know how much taxpayer money is earned by each Senator, one would have to go to the main source of that wealth. That source is the individual, tax-exempt expense accounts that each Senator (and congressman) receive.

You see, it is in the best interest of these legislators to keep their base salaries as low as possible. Why? Because those salaries are taxed. Their expense accounts are not!

Listed on this “2010 Detail of Appropriations, Outlays, and Balances” report, under “Contingent Expenses, Senator’s Official Personnel And Office Expense Account, Senate”, we get a more accurate idea of what these crooks are being compensated with in order to be a part of this organized criminal activity working for United States Inc.

The report states that $422,000,000 was appropriated for use in the personal expense accounts of these 100 Senators.

~~

The Global NWO Social Security Scam

(this should put to rest anyone’s questions of a designed global New Word Order who has planned and organized the fleecing of the entire planet for decades and longer.  Their is simply no way so many countries would of adopted the exact same accounting unless it was coordinated.   Communism succeeded to Democracy because the power bases saw they could fleece the sheeple at a greater efficeincy!  think about that one)

The International Social Security Association (ISSA): the International Mark of the Beast

And last but not least, on to the most important aspect of this grand scheme. In order to understand the true nature of what the MARK and the NUMBER of the BEAST called Social Security is, you must understand that this system is international, and is being implemented on a global scale. And more importantly, it is being promoted and regulated by the United Nations.

For instance, China has a program that is also called the “Social Security System” of China.

You can read about its history from the CATO Institute, here:

Other countries (over 130 of them) have similar social security programs:

Did you know that Kiefer Sutherland’s grandfather introduced universal public health care in Canada?

For those of you familiar with Agenda 21 United Nations sustainable development language, you will no doubt recognize it in this video, produced by the International Social Security Administration (ISSA), and narrated by Mr. Sutherland:

Amazingly, no doubt due to the purposefully induced ignorance of almost the entire global population, this important video (to the whole world) has been online since December of 2010 – and yet it has only received 1,896 views on YouTube. This is a testament to the clandestine work being done in the United Nations, and the massive efforts to direct people’s attention away from it through horrific media entertainment and news soundbites.

We find that the United Nations is very keen on the concept of “Social Security”, and we can see the manifestation of this global desire to implement this “social welfare” and “social justice” program in Article 22 of the “Universal Declaration of Human Rights”, which states that:

“Everyone, as a member of society, has the right to social security and is entitled to realization, through national effort and international co-operation and in accordance with the organization and resources of each State, of the economic, social and cultural rights indispensable for his dignity and the free development of his personality.”

It is also very important to point out that, according to the official website of the United States Social Security System, the United States is very much a part of the ISSA, with international treaties with many countries:

(Source: http://www.ssa.gov/international/agreements_overview.html)

Since the late 1970′s, the United States has established a network of bilateral Social Security agreements that coordinate the U.S. Social Security program with the comparable programs of other countries. This article gives a brief overview of the agreements and should be of particular interest to multinational companies and to people who work abroad during their careers.

And so we can see that the BEAST has truly laid its MARK on a large part of the world’s population, and that number is increasing with each passing year…

What is the ISSA?

From its website:

Promoting and Developing Social Security Worldwide

The International Social Security Association is the principal international institution bringing together social security agencies and organizations. The ISSA’s aim is to promote dynamic social security as the social dimension in a globalizing world by supporting excellence in social security administration. Founded in 1927, the ISSA has its headquarters at the International Labour Office, in Geneva.

Author’s note: It is important to note here that the original United States Social Security Act was not passed until 1935 – fully 8 years after the ISSA was founded. Hopefully the impact of this realization is as astounding to you as it was to me.

~~~

CAFR’s, CAFR’s Everywhere and No One Knows About Our Hidden Wealth… or Seems to Care.

Public (Yawn!)  Reading of the CAFR report (start @ 2:33)

Utah Mayor Admits to Excess CAFR Funds

CAFR State Insurance Fund  State Fund has over $22 billion in assets^[when?] and employs approximately 7,500 people (the number varies based on State Fund’s current percentage of the market), of whom over 500 are attorneys.

 The State of Wisconsin CAFR -analysis

 Introduction to CAFR – City of Aurora, Co -analysis

Advanced study – State of Minnesota CAFR -analysis

Federal Reserve CAFR ~ A Private  Corporation (last year profits of $77 Billion!) here    and on a trivia note…look at our supposed dollar bill at the header it reads ‘Federal Reserve Note. so even our currency is issued by a private corp.!!
California State CAFR ~ A Corporation

County of Marin  CAFR ~ A Corporation

Mendocino County Employees Retirement Fund CAFR ~ (under Mendo Corporation)But do understand that everyone in higher politics does comprehend this information. It is their lifeblood. They’re true income and wealth is their discretionary multi-million dollar expense accounts, not their meager salaries. Unfortunately, that includes people who are our hero’s… like Ron Paul. He is a great man, well intentioned, but forced to be silent. For he would be excused, muffled, his family threatened, or worse if he were to talk about this information publicly. This is organized crime to the most extreme, so this would be like an inside boss tattling on the mafia. This would be political… and probably physical suicide for Ron Paul and other good men and women in government. So it’s up to the people to expose this information in a grass roots movement and information campaign, so that good men like these can finally step up, speak the truth, and be the patriotic men and women they are meant to be… and to help us to do what’s right.

And Global CAFR’s As Well
(what are the chances that most NATO governments would all use the same accounting structure?)

Government of Canada (Annual Financial Report) –

http://www.fin.gc.ca/purl/afr-eng.asp

Montreal, Canada (Annual Financial Report) –

http://ville.montreal.qc.ca/portal/page?_pageid=44,80007&_dad=portal&_schema=PORTAL

Australia Government – Dept Finance and De-regulation –

http://finance.gov.au/publications/commonwealth-consolidated-financial-statements/2011.html

Australia Future Funds ($100 billion) and “nation building Fund” –

http://www.futurefund.gov.au/annual_reports

Australia Treasury Annual Report –

http://www.treasury.gov.au/contentitem.asp?NavId=035&ContentID=2209

Melbourne City Annual Report –

http://www.melbourne.vic.gov.au/annualreport/download.shtml

Ireland National Pension Reserve Fund scheme-

http://www.nprf.ie/Publications/annualReports.htm

Belfast City Council Annual Financial Report –

http://www.belfastcity.gov.uk/publications/finance.asp

The British Monarchy

http://www.royal.gov.uk/TheRoyalHousehold/Royalfinances/AnnualFinancialReports/Annualfinancialreports.aspx

City of London Police Dept.

http://www.cityoflondon.police.uk/CityPolice/Media/publications/annualreport.htm

Welsh government –

http://www.ico.gov.uk/about_us/performance/annual_reports.aspx

New Zealand Treasury Annual Report –

http://treasury.govt.nz/publications/abouttreasury/annualreport

http://www.treasury.govt.nz/publications/abouttreasury/annualreport/10-11

Japan Finance Corporation –

http://www.jfc.go.jp/english/annualreport.html

http://www.mof.go.jp/english/pri/publication/financial_statistics_of_japan/2010.htm

~~~~

TRF ~ An Answer ~ Localizing our Money.

the TRF (Tax Retirement Funds). The TRF prospectuses will have what I call the twelve-points that will be in effect written in stone as core principles not to be deviated from.

The basics of the first four-points simplified are:

1. Systematically within set parameters meeting operating costs for a local government from the returns generated from the TRF management teams assigned. (One revenue source taxation is replaced in its entirety with another revenue source investment return combined with a percentage contributed from Enterprise income)

2. Non-Tax fees; fines; service charges are capped and then targeted for reduction by being supplemented with revenue generated from TRF operation.

3. A local government’s operating financial annual growth shall not exceed the financial growth of the local venue’s population.

4. Financial penalties and sanctions will be levied against a local government operating under the TRF funding principle if governmental authority is utilized to take revenue from the public that violates the principle of the public being the  ” first-line-beneficiary” from wealth being generated by that local venue.

– – – –

What the country faces under the last several decades course within government is economic collapse. TRFs bursting forward coast to coast building what would be virtual unlimited capital reinvestment under sound principles opens the door for true growth and “stable” economic prosperity.

~~~~~

Yell Fire ~ Michael Franti & Spearhead

A revolution never come with a warning
A revolution never sends you an omen
A revolution just arrived like the morning
Ring the alarm, we come to wake up the snoring

They tellin’ you to never worry about the future
They tellin’ you to never worry about the torture
They tellin you that you’ll never see the horror
Spend it all today and we will bill you tomorrow
Three piece suits and bank accounts in Bahamas
Wall street crime will never send you to the slammer
Tell all the children in the arms of their mommas
The F-15 is a homicide bomber
TV commercials for a popping pill culture
Drug companies circling like a vulture
An Iraqi babies with a G.I. Joe father
Ten years from now is anyboby gonna bother

Yell Fire, yo, yo, yo
Here we come, here we come
Yell Fire, yo, yo, yo
Revolution a comin’
Yell Fire, yo, yo, yo
Put em up, Put em up
Yell Fire, yo, yo, yo
A revolution never come with a warning
A revolution never sends you an omen
A revolution

Everyone addicted to the same nicotine
Everyone addicted to the same gasoline
Everyone addicted to a technicolour scream
Everybody trying to get their hands on same green
From the banks of the river to the banks of the greedy
All of the riches taken back by needy
We come from the country and we come from the city
You play us on the record, you can play us on the CD
All the shit you given us is fertilizer
The seeds that we planted you can brutalize them
Tell the corporation you can never globalize you
Like Peter Toss said “Legalize It”
Girls and boys hear the bass and treble
Rumble in the speakers and it make you wanna rebel
Throw your hands up, take it to another level
And you can never, ever, ever make a deal with the devil

Yell Fire