- Our State and Local government "BUDGET DEFICITS"
may not reflect large SURPLUSES of CAFR money income our governments' ACTUALLY
possess! For example: in 2003, the State of Arizona had an $11.45 BILLION
SURPLUS of Taxpayers money it was not using! The City of Phoenix had a
SURPLUS of $2.34 BILLION! (See details further below.)
-
- WHY ARE MEDIA PEOPLE NOT PUBLICLY ASKING ABOUT THESE
LARGE, SOME HUGE, CAFR SURPLUSES OF MONEY?
-
- CAFRS are the Comprehensive Annual Financial Reports
sent each year to Washington, revealing the ACTUAL financial investment
earnings, income, etc., and SURPLUSES of money separately possessed by
84,000 Government related entities - States, Counties, Cities, School Districts,
Pension Funds, etc.
-
- A State ONE BILLION DOLLAR BUDGET DEFICIT sounds enormous!
(It was in Orange County too years back! See further below how they "solved"
their deficit.*)
- But publicly reported yearly BUDGETS and BUDGET DEFICITS
do not reveal ACTUAL government financial conditions - especially SURPLUSES!
Only the CAFRS do!
-
- If there are LARGE SEPARATE ("off normal budget")
CAFR SURPLUSES in the State of Arizona, its counties, cities and school
districts, etc., it appears possible the proposed money-saving closing
of schools, non-hiring, layoffs of teachers and other public employees
- and tax increases - may NOT be as critically necessary as thought! (Probably
the great majority of government officials, employees - and media editors,
reporters are unaware of the CAFRS and CAFR surpluses.)
-
- About the CAFRS: the COMPREHENSIVE ANNUAL FINANCIAL REPORTS...
- Since 1946 (legislated by a wiser Congress), 84,000 Government
entities including States, Counties, Cities, School Districts, etc., have
been required yearly to report the ACTUAL accumulated financial assets
and income they each separately possess.
-
- ---------------------------
- THE NATIONAL CAFR SCANDAL WAS FIRST EXPOSED BY WALTER
BURIEN...
-
- Arizonan Walter Burien http://cafr1.com/ was the
first to alert us that the Comprehensive Annual Financial Reports have
intentionally been kept largely "invisible" to the American public,
now for over 60 years!
- Burien further revealed that:
-
- The composite totals of investment
assets held internationally by USA government is staggering. Between local
and Federal government, the total of liquid investment assets held Internationally
is a conservative sixty (60) Trillion dollars.
-
- - And if Burien is correct with these percentages, note
the following incredible revelation about behind-the-scene government ownership
of American Big Businesses:
- ...Government owns most through Bond - Loan investment
/ stock ownership [EXAMPLES: 82% stock ownership of Microsoft Corporation,
Disney 61%, AOL - Time Warner 58%, EXXON 72%] to manufacture abroad so
that Government would realize greater returns on their investments at the
Peoples of the USA's expense in jobs and wealth retention.
-
- ------------------------------
-
- About Arizona specifically...
- In 1999 Burien persuaded fellow Arizonan, retired Air
Force Intelligence Officer and expert Govenment Auditor, Lt. Colonel Gerald
Klatt, to do the necessary accounting to reveal the yearly CAFRS for some
39 States including Arizona - along with the two major Arizona counties
and some cities. Colonel Klatt (cafrman.com), did so each year - until
he died in 2004. The following CAFR reports are only through 2003. (But
it should reasonably be expected that the CAFR government surpluses TODAY
in 2008 total MORE than shown through 2003.) Valid question: Are the current
proposals to cut teachers, government employees, services and increase
taxes REALLY necessary? Consider the following...
-
- Separate CAFR surpluses in Arizona through the year 2003
(from Klatt's website)...
-
- The State of Arizona Has At Least $11.45 Billion In Surpluses
of the Taxpayers Money it is not using.
- FY 2003 Report
- http://www.cafrman.com/Articles/Art-AZ-S1.htm
- ----------------------
- Phoenix Has At Least $2.34 Billion In Surpluses of the
Taxpayers Money it is not using.
- FY 2003 Report
- http://www.cafrman.com/Articles/Art-Phoenix-AZ-CY1.htm
- ---------------
- Maricopa County Has At Least $845 Million In Surpluses
of the Taxpayers Money it is not using.
- FY 2003 Report
- http://www.cafrman.com/Articles/Art-MaricopaCounty-AZ-C1.htm
- -------------------
- Pima County Has At Least $239 Million In Surpluses of
the Taxpayers Money it is not using.
- FY 2003 Report
- http://www.cafrman.com/Articles/Art-PimaCounty-AZ-C1.htm
- -----------------
- Scottsdale Has At Least $483 million In Surpluses of
the Taxpayers Money it is not using.
- FY 2003 Report
- http://www.cafrman.com/Articles/Art-Scottsdale-AZ-CY1.htm
- ---------------
- Tempe Has At Least $341 Million In Surpluses of the Taxpayers
Money it is not using.
- FY 2003 Report
- http://www.cafrman.com/Articles/Art-Tempe-AZ-CY1.htm
- -----------
- Glendale Has At Least $385 Million In Surpluses of the
Taxpayers Money it is not using.
- FY 2003 Report
- http://www.cafrman.com/Articles/Art-Glendale-AZ-C1.htm
- ----------------
- Mesa Has At Least $245.4 Million In Surpluses of the
Taxpayers Money it is not using.
- FY 2003 Report
- http://www.cafrman.com/Articles/Art-Mesa-AZ-CY1.htm
- ---------------
- One nearby State...
- The State of CALIFORNIA Has At Least $59.83 Billion
In Surpluses of the Taxpayers Money it is not using.
- http://www.cafrman.com/Articles/Art-CA-S1.htm
- FY 2003 Report
-
- "RAINY DAY FUNDS."
- I've lived in Tucson for over 50 years, but until about
year 2000 when some of us asked about the CAFRS, I had never heard about
any "RAINY DAY FUND" - that our then County Manager said he "didn't
want to dip into." Soon after, the then Arizona Governor also mentioned
"not wanting to dip into the State RAINY DAY FUND." Recently
on TV I heard one Network commentator say that some States may have to
"dip into their RAINY DAY FUNDS." I am suspicious the term "RAINY
DAY FUND" has been presented locally and nationally, to avoid admitting
the existence of the publicly unknown (often HUGE) CAFR surpluses of money
funds not being used (or returned to Taxpayers) by local and State governments!
-
- ----------------------------
-
- *Referred to at top, about another (past) ONE BILLION
DOLLAR BUDGET DEFICIT - in Orange County, California... The following is
extracted from Burien's article further down "CAFRS: THE BIGGEST SECRET"
-
- * When Orange County lost a little over $1 billion
in derivatives investments, they were crying "poverty" and threatening
to shut down schools, police would have to be laid off etc. However someone
dug into the Orange County CAFR and found out that the county had about
$16 billion in profitable investments! The county, from their profitable
liquid investment funds / cash position could have continued performing
the same services, without collecting one dime in taxes, and could have
done so for another 11.9 years from the existing funds prior to running
out of money! The crying stopped.
-
- * While he was a Mayor, Jesse Ventura's city council
wanted to raise $360,000 in taxes to cover a short fall on their "city
budget for schools." Ventura objected when he discovered the city
owned $48,000,000 in idle investments funds from which the $360,000 could
be drawn from without raising taxes!
-
- From Walter Burien's current website...
-
- THE GOVERNMENT OWNS IT "ALL" BY INVESTMENT -
By Walter Burien
- Comprehensive Annual Financial Report - CAFR
- http://cafr1.com/
- May 2, 2008
-
- Excerpts only...
-
- THE CAFR SHELL GAME - THE REVOLUTION-BE A PART
OF IT!
-
- "GROSS" INCOME of government is now 1/3rd "TAX"
income and 2/3rds NON-TAX income derived from: return on INVESTMENTS and
money generated from government Enterprise projects.
-
- ------------------
- Any Company or in fact Country can be "made"
or "broken" through the use of those government investment funds.
China just cut off further new US "Government" investments, now
several trillion dollars worth in China so that would not happen. China
learned by seeing what happened to Mexico then Russia.
- _______________
-
- The #1 Profit makers for Government from their investments
are: The War Industry; Oil Companies; Pharmaceuticals; and Banking. (300%
to 400% profits) - for NY CLICK HERE (on web page) TO SEE THE INVESTMENTS
SHOWN IN JUST ONE (1) CAFR ( 2006 - NYSR-CAFR ) or for
CA ( 2006 - CALPERS - CAFR ) .pdf file
-
- ---------------
-
- Local and Federal Government's gross income in
1999 was 8.5 trillion dollars and the entire population's of the USA
gross income, "net after taxation" 4.8 trillion dollars.
-
- ------------------
-
- After you look at a state CAFR review, then
look at your many city, county, school district, State University CAFR.
Government Enterprise operation such as Toll ways, Bridges, Ports, water,
sewer, power, recycling, CAFRs should then be looked at.
- Pensions, self-funding debt financial authorities, self
insurance authorities CAFRs should be looked at also. As of 2005 there
are over 84,000 "individual" Annual Financial Reports (the CAFR)
produced by just our local government operations. Each with their own investments
and cash accounts...
-
- --------------------
-
- The composite totals of investment assets held internationally
by USA government is staggering. Between local and Federal government,
the total of liquid investment assets held Internationally is a conservative
sixty (60) Trillion dollars.
-
- ---------------------
-
- Could it be that our own Government
over the last several decades has been promoting to those fortune 500 companies,
of which Government owns most through Bond - Loan investment / stock ownership
[EXAMPLES: 82% stock ownership of Microsoft Corporation, Disney 61%, AOL
- Time Warner 58%, EXXON 72%] to manufacture abroad so that Government
would realize greater returns on their investments at the Peoples of the
USA's expense in jobs and wealth retention. Additional articles by Burien...
- CAFRs: The BIGGEST Secret -
- $60 Trillion Invested By Fed, State, & Local Governments!
6-30-00
- http://www.rense.com/general2/bigsecret.htm
-
- Excerpts only...
-
- Reported - but for all purposes HIDDEN from American
taxpayers - Local, State and Federal governments currently hold about 60+
trillion dollars of profitable investments in real estate, pension funds,
insurance companies, liquid investment funds, bond financing accounts and
corporate stock portfolios (32 Trillion) over 53% of America's stock market,
and a large percentage of the international stock market, etc., are all
revealed in their required filing of CAFRs (Comprehensive Annual Financial
Reports) and noted reports therein.
-
- Walter Burien, who has been blowing the whistle on this
gargantuan scam, says, "Americans OWN the majority of America's WEALTH
and don't know it." With the profits rolling in from international
investments, you now know the true motive behind NAFTA and GATT.
-
- * When Orange County lost a little over $1 billion
in derivatives investments, they were crying "poverty" and threatening
to shut down schools, police would have to be laid off etc. However someone
dug into the Orange County CAFR and found out that the county had about
$16 billion in profitable investments! The county, from their profitable
liquid investment funds / cash position could have continued performing
the same services, without collecting one dime in taxes, and could have
done so for another 11.9 years from the existing funds prior to running
out of money! The crying stopped.
-
- * While he was a Mayor, Jesse Ventura's city council
wanted to raise $360,000 in taxes to cover a short fall on their "city
budget for schools." Ventura objected when he discovered the city
owned $48,000,000 in idle investments funds from which the $360,000 could
be drawn from without raising taxes!
-
- ------------------
-
- CAFRs And Pending US 'Economic Collapse
-
- By Walter J. Burien, Jr
- WalterBurien@cafr1.com
- http://www.rense.com/general74/cafrss.htm
- Oct. 29, 2006
- Excerpts only...
-
- 1. Composite wealth may now be 80 trillion but I always
use a conservative 60 trillion plus. This money is standing investment
and cash accounts.
-
- 2. There "is" an Economic Disaster looming.
Government in their greed to hoard the wealth has taken over the market.
In fact government "is" the market now.
-
- In 1929, the public was the primary holder and they would
and did have panic selling spree causing the collapse. Now government is
the primary holder and they orchestrate continued gains to perpetuate their
balance sheets.
-
- Here a bubble exists but a bubble under ultimate control.
If 100% of the public panicked and sold every share they owned, the market
would have a severe dip but then come right back and then shoot higher
with government now picking up most of those shares at a discount and then
by effect would own 100% of the market.
-
- Government did this before and after 911. They had massive
short derivatives held going into 911 whereby a few trillion were picked
up on those derivatives almost overnight as time goes when the derivatives
were exited from.
-
- -----------------------
-
- The Government Economy Con-Game = "Derivatives"
-
- By Walter Burien
- http://CAFR1.com/NGE.html
- March 15, 2008
-
- A few excerpts only...
-
- One way Government now "creates wealth" out
of thin air is by covertly taking it "all" as a monopoly from
everyone else. The ever-growing 516 trillion dollar international derivative
market is a key tool used by Government to do just that. Read the article
linked below, (see URL links in website article) but before you do, please
read my comments below the link first:
-
- Many of these investment funds are now managed outside
of the US (off-shore) with trillion dollar US Government account balances
that are not even visible for ease of inspection per their trading activity..
Do the lower level government employees know this? No, for most they do
not.
-
- Last year the Chinese Government cut off further
US Government investments in China (US Government investment funds, especially
on their derivatives market were taking over). India on the same day put
restrictions on US Government investments in their derivatives market for
the same reason also. The following day the US Stock Market was down 650
points. (Some thought the game was over, but it was not)
-
- But don't worry about the US Stock market foolks, whoops,
sic: folks) US Government local and federal owns the primary corporations
in the US Market by composite stock ownership. Private sector ownership
is insignificant in comparison. Salute Comrades!
-
- To have a NWO (New World Order) under your control, derivatives
are an important step to knock-out all opposition by taking their wealth
and they will come in-line for management soon enough and then be accepted
into the ranks of the inside players...
-
- Not a peep on TV per the core of this game? Well, Silence
is Golden it seems.
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