- To get some of the CAFR reports available
for downloading go to this Internet site: http://www.financenet.gov/state/cafr.htm
- If your State or County is not listed,
send an E-Mail to a neighboring State saying that you have their State
CAFR report, and you would like to do a comparison study of your State's
CAFR report, and would they please E-Mail you back with the department,
telephone number and contact name in YOUR State + Counties + large Cities
to get their CAFR report. The States all share each others CAFR reports
for comparison.. _________
- The following example is for the state
of Texas, but applies to all States in varying degrees. Some more some
- Get the Texas State 1997 CAFR - It
lists under the "local Government Investment Pool" 5.5 Trillion.
States own investment totals 2.8 Trillion. Texas government composite totals
8.3 Trillion. ( that's - $8,300,000,000,000.00 )
- "The Texas CAFR states that the
State of Texas has $8.3 trillion in investments. If we arbitrarily assume
at this point in time that $2.8 trillion is for retirement and pension
plans, etc., that leaves $5.5 trillion in surpluses.
- What does this mean? If Texas has a population
of 20 million, the $5.5 trillion means the State of Texas with all of its
governments has $275,000 in surpluses for every man, women and child in
- For a family of 4, the State of Texas
local governments have $1.1 million of your money that it is not being
used to run all of the governments "Budgets" in the State of
- Another way of looking at this is to
say that if all the governments in the State of Texas were required to
apply the income, say at 7.5%, first to the operating budgets of all the
governments in the State, estimated at $215 billion, and then the balance
as a dividend check to each man, women, and child in Texas, Texans would
no longer have to pay any taxes and each year each person could receive
a dividend check of $9,875 or $39,500 for a family of 4 from now on.
- Do you know what this would do for the
economy of Texas? It would explode creating the greatest economic expansion
in Texas history.
- These types of surpluses are in every
city, county and State in the U.S. It is time for the people to start finding
out about these surupluses and start doing something about them."
- California State CAFR 1997, lists total
investment assets of about 3 trillion "BUT" in the notes it will
direct you for the complete accounting to the "Legal Basis Comprehensive
Report" showing 12 trillion under management.
- Just so we don't miss the most basic
point here, composite government has amassed in total liquid assets, 60
trillion dollars plus. The total net worth of the private sector is
25 trillion. Get the point......
- There are 10,000 cell operations that
make up the whole. The principle of operation is: Through trickle down
economics, just enough revenue is released to the public to keep the chipmunk
running on the treadmill chasing the carrot, as they, the composite government
boys, tap off 80% of the energy from the treadmill, thus keeping the public
working at optimum efficiency. Why do you think Gorbachev went democratic?
- Composite Government funds, listed as
institutional fund, managed by listed institutional investment companys,
own 71% of Xerox Corp., 41% of AT&T, 57% of Motorola, etc. Get the
- Insurance company equity participation,
(mandated federal law 1969, enacted for full effect after a 10 years compliance
period in 1979), for 1/3 of the value of the insurance policy, to be on
deposit and held by the insurance industry as a major catastrophe fund
New Jersey State 1998 CAFR is 34 Billion dollars invested with insurance
company equity participation, California is 1.8 trillion dollars, Federal
is 4.6 trillion dollars. The revenue in the catastrophe fund, 86-90% is
provided by composite government investment funds. That's about 8 trillion
dollars. Do you know what the annual interest income is on 8 trillion at
4 to 5%. Get the point......
- Undisclosed tax through enactment of
law on the insurance industry for the creation of the fund, where they,
composite government, provided the revenue to meet the revenue requirements.
Ever wonder why auto insurance rates are so high and payment is enforce
by armed force? Well, lets see, Arizona, min coverage is $30,000 1/3
= $10,000, 5% annual interest on $10,000 = $500. My insurance is $658
per year - $500 = $158 to the insurance company.. Get the point????
- STOP LOOKING AT THE LEAFS ON THE BRANCHES
OF THE TREES OF THE FOREST... Look at THE FOREST... Composite totals
show the clear and unequivocal financial take over of the wealth of this
country from the people.
- Composite government pension funds =
28 trillion dollars. The entire private sector will never realize that
amount. Get the point?
- Bottom Line____ OPEN DISCLOSURE TO THE
PUBLIC OF COMPOSITE TOTALS
- First step: The CAFR has been hushed
through cooperative nondisclosure to the public. Immediate disclosure
OF THE NAME of the report to the public is paramount.
- As of 1998 large sums of revenue, fiduciary
and trust funds, are not listed and are accounted for in other documentation
noted in the CAFR. Prior year reports 1997-1975 are imperative to be looked
at when following the money trail.
- The NAME OF THE GAME is composite totals
which shows the degree of the financial takeover. Government has turned
into a virus and the public is the host for that virus. The problem is
that the virus is now substantially bigger than the host..
- The Equivalent of the Comprehensive Annual
Financial Report (CAFR) for the composite totals of the majority of Federal
Government agencies is called the Federal Government Combined Financial
- To download the US Federal Government
Combined Financial Statements for 1997, 96 & 95 go to this site: http://www.fms.treas.gov/cfs/index.html
- Read the last page first. It shows what
agencies are included in the combined statement and those that are excluded.
You will see the ones excluded from the report as being the primary cash
and investment agencies. Are they worried that if they were included that
the balance sheet would show positive assets in the trillions ?? hmmm...
- To see the Federal Regulation submitted
in 1979 by GFOA requiring local governments (City, County and States) not
already having a CAFR to prepare a CAFR report go to this Internet site:
- Please get the word out today so that
the public can see the forest for the first time.
- Walter J. Burien, Jr.
- PS: The Initiative for the creation of
the: Citizens Investment Trust Account, which will be presented to the
City of Prescott, Arizona, will be sent out to you, when completed, hopefully
on Thursday 6/10/99.