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- Recently, I put out a post regarding the massive overfunding
of the Gov pensions. Overfunding equaling in the trillions of dollars when
looking at composite totals.
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- In my investigations I found out something that floored
me in respect to one way local governments hide vast revenue outside of
the view of the public.
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- Hopefully you are sitting down when you read the following.
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- Are you ready for: Government owned Cemetery management.
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- Well, being that Governmnet-owned (city, county, state
and federal) cemetery plot management is a long term "venture"
such as pension fund management is for the living Government employee,
the local governments have set up an annuity pension fund management for
those taxpayers who are now resting comfortably under ground.
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- For each of these non-complaining taxpayers, the Government
figures the actuary cost for indefinite care and management of each plot
and it's surroundings on an ongoing basis for all time to come to determine
the balance of the trust accout. This is done in the same way that an employee
pension fund is structured as are the Government cemetery trust management
accounts. The only difference over the living employee pensions is they
don't have to account for those who are going to get fired, use medical
benefits or take early retirement. This pension fund contract is taken
out till kingdom come and includes Government and private sector participants.
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- This is no joke. When looking at composite totals, hundreds
of billions of dollars have been squirreled away under Government owned
Cemetery Plot Trust (pension) management. Think of the number of individuals
already buried and the actuarial projections for future plot management
and claimed new fiduciary responsibility as those actuarially determined
balances allow for massive overfunding.
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- This is one of the best kept secrets for hoarding revenue
by those local governments using this investment trust management tactic.
But let's not forget the rights of the buried to be assured continued grave
security. So what if the clowns from local gov have used this tactic to
create wealth centers of operation to continue building their empires.
The stiff taxpayers are truly secure in their future Gov death benefits
from the massive over funding of these accounts. (to bad they still can't
vote).
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- I recommend that everyone getting this post dig deep.
(no pun intended)
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- Get a copy of the CAFR or Combined Financial Statement
for your local government owned: Cemetery Annuity Trust Management account
(or something close to that title). Don't be surprised if a few squirrels
from your local government start getting real nervous. And don't be surprised
when you look, that you find enough surplus revenue to build a completely
new school district for your county and fund it's operations for several
years
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- Yours Truly,
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- Walter J. Burien, Jr.
- C. E. V. I.
- P. O. Box 11444
- Prescott, AZ 86304
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- Tel. 1(520) 445-3532
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