WALTER BURIEN: Response to: Michigan AG Challenges Judge's Ruling on Detroit Bankruptcy Unconstitutional

[turiya]

The CAFR Swindle - The Biggest Game In Town (http://www.cafr1.com/)
http://www.youtube.com/watch?v=1pRPBKJQnyU
Government Will Not Save You From Corporations (http://www.cafr1.com/)

http://www.youtube.com/watch?v=mCAIj3YJUmg
http://curezone.com/upload/_T_Forums/turiya_file/WALTER_BURIEN.png

In response to: Michigan AG challenges judge’s ruling that Detroit bankruptcy is unconstitutional
by Walter Burien
Posted on July 21, 2013


What I have always found interesting is: Most large cities, counties, and states are bringing in more money than Midas ever dreamed about in his wildest dream, and for decades the general population was masterfully entertained off into distraction by the gang to not look.

The population is masterfully spoon fed one story line after another having nothing to do with the total gross income, standing investment wealth, or exponential growth in the take over 5, 10, 15, 20, 25, 30 years (the basics for each and every one of us in our own personal lives) and as it pertains to your local governments a well orchestrated and maintained, total vacuum / void is intentionally maintained of the basics we keep up front and personal in our own lives since we are kids up until we die.

I must say it brings a smile to myself now after 14-years of my best efforts for disclosure though over 600 radio shows done, several YouTubes, thousands of email posts sent, and reaching over 55-million people that are now breaking breaking the ice for true cognitive thinking.

People are now looking and learning in numbers getting those life altering revelations that: The world is not flat, we are not the center of the universe, and the world of government collective take over of the wealth both domestic and international is much different then we all were led to believe DUE TO THE MONEY, OWNERSHIP AND CONTROL INVOLVED.

Always remember ENRON promoted their profits and hid their debt. Government does the exact opposite, they promote their debt and hide (mask) their profits.

When the distractions are moved to the side and the basics are looked at (breaking through that void and vacuum maintained for 70-years) their scheme crumbles under true light shown. With that noted, that is why the “Silence is Golden” rule has been strictly enforced over the last 70-years. It was essential that they had the full cooperation of the syndicated media, controlled education, and the two primary political parties to pull off the Biggest Game in Town. Those heads of those groups were included in on the loop for the last 7-years and the goal of taking it all over by investment and securing the productivity value of an entire nation was accomplished.

When the basics are comprehended, then every issue then comes into clear light: Trade policy, domestic policy, NAFTA, GATT, the Bailouts, Rigged elections, wars, interest rate levels, promoted debt, masterfully presented distractions, the Terrorist buzz words (you can not continue to take all that everyone owns and not expect retaliation when and if the jig is up based on mass comprehension)

Government has accomplished taking it all or in the position to take it all that remains. Each and every day the population becomes a greater liability. The key focus of government over the last decade as can be seen through those promoted shows of Judge Judy, Cops, Jail, and 20 others of the like all have one theme that is subliminally saturating the population over and over again. That being: Shut up, follow instructions, and do what you are told.

On a last note, we all have seen the non-stop coverage of the different instances of fanatics who went off the edge and killed. New Town, etc. Today the focus was on the Colorado Theater were 18 were killed and 70 wounded. While watching the News Helicopter filming the theater from above, I visualized a drone attack of which would have leveled the building and killed all if not most inside. Now ask yourself how many drone attacks are government are conducting each day and how many thousands are killed by them each week. If those events were given the same coverage and the follow-ups of each fatalities life, the men, woman, and children was then shown as was done for each incident in the US, the news media would not have the air time to do so by a factor of 500. Catch that reality check and a chill will go through you of the definition of true evil and how masterfully we are all entertained to be in a selective presentation state of being totally controlled in a disillusion state based on the well honed backed up by billion dollar budgets, the best talent that money can buy, for population control efforts carefully presented by the controllers..

The time is late, and the population better stop spinning their wheels being directed into chasing windmills. Those Jews, Pols, and other back in 1938 – 43 got on those train cars believing they were being relocated to be in nice settlement communities to be with their own kind, done so in their behalf. Also, 99% of the German population thought the same was being done. Power corrupts and absolute power corrupts absolutely. Once you have played the population to take all that they own, after doing so, the same (the majority) just becomes a liability to be dealt with and eliminated if needed.

Please for your sake and the sake of your children and friends, realize you are in a real war on the home-front. A war perpetuated and allowed by selective presentation and carefully orchestrated masterful entertainment designed to make you an easy mark for wealth transfer and if needed elimination. Read the writing on the wall as to the position government is taking to “deal” with the population either dead or alive. Connect the dots there, comprehend it, and realize the serious nature of the circumstance building and expanding around us each and every day.

Again, it is a war, and 98% of the population continues to be masterfully entertained to be in an intentionally orchestrated delusional La-La land state for easy control and elimination if the circumstances call for it. Know and learn the score, and force yourself to get a well focused perception for immediate corrective action done so with true applied force.

The controllers do not play fair, and again as said previously they have the best talent that money can buy and can orchestrate events to pull the rug out from all with the stroke of a pen and a few executive orders signed and enforced.

REMEDY?

Greed and opportunity has driven the Government gangs in concert with the industrial / financial cartels in concert for over a thousand years. The population was always viewed as a “Productivity unit” to be drained and managed. Never was a good thing for the population and never will be.

The key here that unlocks the vault, puts all on the same page for the first time in history, and is a win-win for one and all is to restructure government as a fiduciary trust manager where the wealth (both domestic and international) currently amassed by collective government is redirected and consolidated into a fiduciary trust structure having the “first line” objective to meet the budgetary requirements of all local governments from the investment return derived therefrom. One revenue source (investment return) replaces another revenue source (taxation). Taxation phased out and eliminated.

Here you have a prospering self perpetuating economy for the next 10,000 years and beyond.

The population maintains their productivity value building their wealth.

The Industrial / Financial cartels have virtually an unlimited source of capital reinvestment from these ever growing massive fiduciary trust which I have entitled TRFs (Tax Retirement Funds), designed to do what they say: Retire Taxation.

Government administrations in a now very prosperous and expanding economy has truck-loads of cash rolling in from the returns generated annually from the TRF funds to easily meet their operating budgets.

Again, a win-win for all involved with for the first time in history, all on the same page.

The current course we find ourselves on with the continued expansion of the take out of simple greed and opportunity applied from government through ever increasing taxation has created a runaway 200-car freight train going at 400 MPH down the track, heading for a 1-mile thick concrete wall. The collision is inevitable and will not be a pretty site where all loose, government, the industrial / financial cartels, and the population

The TRF funding principle for government with taxation (all: Property, sales, personal, corporate) phased out and subsequently eliminated creates the start of the Millennium, a thousand years of prosperity for one-and-all, with all being on the same page for the first time in history.

Doing this is not an option, but a mandatory requirement to avoid that train collision if we all wish to survive. I say this not as an issue but as “the issue” that is the war we have found ourselves in at home that is permeating in a very negative faction every aspect of our lives at this time.

I am a true believer in the David and Goliath story from the past. The Goliath in this circumstance we find ourselves in today generates trillions of dollars annually and has the best talent at its disposal, with an established network of no equal ever seen on this planet to date.

There is only one way to make this happen. The greed and opportunity principle must be implanted in the players of government and the industrial / financial cartels to make it happen for the superlative benefit of the planet (and themselves). How and whom can get the DC gangs brains churning away with a spark of excitement to make this happen?

Well, my focus at this time is to make it to DC to address the US Senate during open session for 1-hour and if it can be arranged to do the same for the House. If the necessary sponsorship comes in to get the job done, I will have one of the top ten accounting firms do a complete review of a local city, town, or county in the DC area and complete a TRF prospectus report outlining in detail consolidation, policy restructure, cross over times to meet the objective of the elimination of all taxation in that venue, and have that verified and certified prospectus report for printing and then distribution to the Senate, House, and associated committees. A blueprint that is applicable for every City, County and State in the Nation.

When the sponsorship and funding comes in and is met to do the job, scheduling to get the job done will commence. That can be accomplished by a call to me from one individual or a swarm of many to put this battle into motion.

I stand by waiting to fight this battle for one and all. Knowing myself, if this battle is played out, I think the war may just be won shortly thereafter. I can catch their undivided attention and motivate most of the DC gang to push forward with not just an opportunity, but a life defining opportunity for them of many lifetimes that stems back to the first human that stood upright on the planet.

Well, want to make it happen? Then do.

Truly Yours,
Walter Burien
CAFR1.com (http://www.cafr1.com/)

Keywords: Detroit Bankruptcy, Michigan, Attorney General, Judge's Ruling, Unconstitutional

posted by turiya :cool:

[turiya]

Walter Burien - Lawless America - Congressional Testimony


http://www.youtube.com/watch?v=qmooauwuv0w




Published on Dec 7, 2012
Bill Windsor has been driving across America for the last several months to every State taking commentary for his new documentary called: "Lawless America"

The documentary will be presented to Congress in DC soon and then be viewed on release by millions of people from across the nation. The documentary will be aired at the Sundance Film Festival also.

Walter Burien - CAFR1 was interviewed by Bill Windsor in Flagstaff, AZ back in October of 2012.

The 8-minute segment of Walter Burien's commentary that will be presented to Congress from within the documentary was posted by Bill Windsor on YouTube today.

[turiya]

Detroit: The Latest Bankruptcy Lie (https://realitybloger.wordpress.com/2013/07/20/detroit-the-latest-bankruptcy-lie/)

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In case you haven’t heard, municipal bankruptcy is now all the rage. When smaller municipal corporations (only corporations can declare bankruptcy) had little resistance as test cases for these outrageous claims of fraudulent bankruptcy and default, the larger municipalities gained the confidence that the financially illiterate cesspool of people as citizens don’t know there heads from a hole in the wall when it comes to the financial reporting apparatus of government. The people were determined to be sufficiently ignorant of even the basic checking account balance of the general fund in their local governments and school districts, let alone the massive collective government investment scam robbing them of the entirety of their wealth, making it reasonable to assume that these municipal corporation’s financial position would likely never be challenged by that clueless mass of the indentured. And so the latest trend of conspiracy and fraud against those debt-slaves continues… this time in the not so great City of Detroit.

Considering its checkered past; riddled with the disappearance of industry to U.S. funded infrastructure economies like Mexico and China, it would seem to the average citizen that Detroit should have done this bankruptcy thing long ago. Of course, the fact that it did not declare its bankruptcy at all was because this municipal corporation has never been bankrupt, and certainly is not anywhere near being able to claim that legitimate legal declaration today.

And yet here it is, making that very declaration…

This is very important because the legal statement of bankruptcy means nothing as a mere “declaration” until a government court makes that determination to cause it to be official. Thus, the obvious conspiracy of a government appealing to government to get government permission to default on its debt should not be lost on the reader; though in general this governance of government by government itself seems perfectly normal to most people – a regulatory body operating in a completely unregulated fashion as organized crime. Inherently, of course, this self-governance and self-regulation by government and its BAR judicial is nothing if not a breeding ground for the worst kind of corruption and greed at the expense of the governed. For the people in their state of fear, entertainment, and confusion are certainly not regulating those regulators…

And a corporate judge of the International BAR Association will decide, not the people being defaulted upon.


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ALIPAC printed the following “facts” facts about Detroit that on the surface are absolutely mind-blowing…

1 – Detroit was once the fourth-largest city in the United States, and in 1960 Detroit had the highest per-capita income (http://www.freakonomics.com/2011/03/23/detroit-is-dying-quickly/) in the entire nation.
2 – Over the past 60 years, the population of Detroit has fallen by 63 percent (http://www.businessinsider.com/11-charts-that-show-why-detroit-is-falling-apart-and-heading-for-bankruptcy-2013-6#everybodys-leaving-detroit-over-the-last-six-decades-its-jobs-base-has-eroded-and-its-population-has-declined-63-1).
3 – At this point, approximately 40 percent (http://www.businessinsider.com/11-charts-that-show-why-detroit-is-falling-apart-and-heading-for-bankruptcy-2013-6#more-mundane-services-are-bad-too-40-of-street-lights-in-the-city-dont-work-4) of all the streetlights in the city don’t work.
4 – Some ambulances in the city of Detroit have been used for so long that they have more than 250,000 miles (http://www.businessinsider.com/11-charts-that-show-why-detroit-is-falling-apart-and-heading-for-bankruptcy-2013-6#this-winter-the-city-often-had-just-10-to-14-out-of-its-36-ambulances-in-service-some-have-over-250000-miles-on-them-in-march-a-group-of-corporate-donors-gave-8-million-so-the-city-can-buy-more-ambulances-5) on them.
5 – 210 of the 317 public parks in the city of Detroit have been permanently closed down.
6 – According to the New York Times, there are now approximately 70,000 abandoned buildings (http://www.mlive.com/news/detroit/index.ssf/2013/04/detroits_encroaching_blight_as.html) in Detroit.
7 – Approximately one-third (http://www.dailymail.co.uk/news/article-1370199/Detroit-Haunting-photos-crumbling-remains-highlight-decline-Motor-City.html) of Detroit’s 140 square miles is either vacant or derelict.
8 – Less than half (http://www.businessinsider.com/11-charts-that-show-why-detroit-is-falling-apart-and-heading-for-bankruptcy-2013-6#its-hard-to-get-income-tax-revenue-out-of-detroits-poor-populace-less-than-half-of-detroit-residents-over-16-are-working-unemployment-is-186-and-thats-down-from-a-peak-over-27-in-2009-10) of the residents of Detroit over the age of 16 are working at this point.
9 – If you can believe it, 60 percent (http://detroit.cbslocal.com/2013/01/24/report-childhood-poverty-high-in-detroit-but-teen-pregnancy-down/) of all children in the city of Detroit are living in poverty.
10 – According to one very shocking report, 47 percent (http://detroit.cbslocal.com/2011/05/04/report-nearly-half-of-detroiters-cant-read/) of the residents of Detroit are functionally illiterate.
11 – Today, police solve less than 10 percent (http://www.businessinsider.com/11-charts-that-show-why-detroit-is-falling-apart-and-heading-for-bankruptcy-2013-6#-and-detroit-police-mismanaged-and-understaffed-solve-less-than-10-percent-of-crimes-3) of the crimes that are committed in Detroit.
12 – Ten years ago, there were approximately 5,000 police officers in the city of Detroit. Today, there are only about 2,500 (http://www.bloomberg.com/news/2013-01-04/east-st-louis-cops-outgunned-as-cuts-let-killers-thrive.html) and another 100 are scheduled to be eliminated from the force soon.
13 – Due to budget cutbacks, most police stations in Detroit are now closed to the public for 16 hours a day (http://www.dailymail.co.uk/news/article-2082445/Who-gonna-Detroit-police-stations-close-doors-public-16-hours-day.html).
14 – The murder rate in Detroit is 11 times higher (http://www.cnbc.com/id/100414480)than it is in New York City.
15 – Crime has gotten so bad in Detroit that even the police are telling people to “enter Detroit at your own risk“ (http://theeconomiccollapseblog.com/archives/police-enter-detroit-at-your-own-risk).
16 – Right now, the city of Detroit is facing $20 billion (http://detroit.cbslocal.com/2013/06/14/detroit-emergency-manager-proposes-plan-to-creditors/) in debt and unfunded liabilities. That breaks down to more than $25,000 per resident… As Detroit Emergency Manager Kevyn Orr (http://detroit.cbslocal.com/2013/06/14/detroit-emergency-manager-proposes-plan-to-creditors/) noted last week, it took a very long time for Detroit to get into this condition…

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Of course, this article like all others doesn’t mention the legal crime operating behind these horrific scenes and reported in the Comprehensive Annual Financial Report (CAFR) – what I have nicknamed the “Achilles Heel” of government. While these facts and figures are certainly important as to the physical state of Detroit, the absence of public information on the actual financial state of that fictional municipal corporation government called “City of Detroit” is never discussed due to the overwhelming lack of exposure and coverage by every news outlet in America about the financial statements required by Federal law for every government entity and corporation in the United States. The greatest open secret in fascist history remains open and secret. In short, these municipalities across the nation in every State have exacted, extorted, and excavated all of the wealth of the people for its organized and collective investment schemes that, not ironically, are only disclosed in the CAFR of government. And collectively the over 230,000 local and state government entities across the nation have been legally required to funnel taxpayer money into investment funds that ultimately never benefit these local or state governments or their people. Instead, they invest in “emerging markets” in countries like Mexico and China – which soon will become the largest economy in the world thanks to the ignorance of the very citizens of the United States that have no idea this has been happening for over 70 years.

One would in general look at the above factoids about Detroit and justifiably assume that the decaying state of that City is a direct reflection of the similar financial state of the government corporation that controls that area. This, however, is patently false – a fallacy built up through media and political misrepresentation.

The true culprit of that misrepresentation is in the form of the hand selected “budget report” that is delivered to the people publicly each year. The people are never told that this “budget” is actually not the original and main financial statement that is created by governments and audited by independent accounting firms. You see, the budget report is nothing but an intentionally dumbed-down version of the Comprehensive Annual Financial Report (CAFR), which is filed each year as a requirement of the Federal and State legal codes.

What does this mean?

It means that the budget is merely a reflection of what I call the “creative accounting” that is applied to the audited CAFR report so as to make the budget report appear to be in a state of decay, debt, default, and loss. While the CAFR may show assets of millions or billions in cash and investments, the budget report will be creatively manipulated by this special creative accounting process to create an illusionist “balance sheet” that somehow, incredibly, and magically turns an asset into a liability.

Detroit is of course no exception to this rule. For the decaying state of this city has very little to do with the financial state of this municipal corporation. But the fallacy remains that as the city decays so too does the financial state of its government.

Here is a link to the City of Detroit’s 2012 CAFR (http://www.detroitmi.gov/Portals/0/docs/finance/CAFR/Final%202012%20Detroit%20Financial%20Statements.pdf):

**Note that this website takes you to the Detroit government (.gov) website.

While I will not go into the full detail of how this corrupt Municipal Corporation of organized crime has gotten to this point, I will just point out the most important factor in determining whether or not this corporation is actually bankrupt – a factor that I guarantee will be ignored by the government court and bankruptcy judge in this case if the people do not finally rise up and demand that Detroit pay its debt today instead of defaulting on it. That factoid is the promotion of its future debt payments as a current liability effecting today’s balance sheet.

The fact is that 99% of the entire structure of municipalities across the nation could be out of debt tomorrow and still have money and investments to spare (be in the black) if it weren’t for the fact that governments enjoy, promote, and profit from the interest (usury) created by debt. In other words, instead of using the money it holds today for services in its investment funds, a government will create a municipal bond and pay that loan off over 20-50 years at interest. Sometimes it is other governments across the nation that are funding those bonds, sometimes banks, and sometimes Public Private Partnerships (PPP) are created in agreement for the loan by private or publicly traded corporations. Ironically, that money that government could have used in lieu of that loan to pay for that service is often invested in such things as corporate bonds – loans to governments, banks, and private and publicly traded corporations. And these bonds are bundled and sold as securities on the bond markets as commodities – debt contracts worth a future value. And the investment scam continues while televisions pump digital airwaves of Stars dancing and Idols singing.

On page 41 of this CAFR we see the illusion blatantly spelled out for us in the basic “Statement of Net Assets”. Of course, this is not the full disclosure of investment fund totals for the City because of other creative accounting within the CAFR designed to minimize those balances shown on this chart, but it shows the scam very well in its full corrupt glory.

http://curezone.com/upload/_T_Forums/Turiya_Files_/WALTER_BURIEN_DETROIT_CAFR_PAGE_41a.png
The City claims to have over $10.6 billion in liabilities, which it then “balances” against about $10.3 billion in assets. This leaves a “balance” of assets that gets shown to the people of a negative $3oo million dollars.

Just one problem though…

You see, most people would simply consider this balance as the cash balance of the government, having no clue about the investment scam their government has participated in for decades that funnels taxpayer monies out of the taxpayer base and into governments investment funds.

This CAFR is for the 2011-2012 fiscal year, ending June 30,2012.

But it reports for the fiscal year 2012-2013, which will have ended in the month of June this year (2013), the actual current liabilities (due within one year as of June 2012) – which represent debt payments for that fiscal year that would be paid in that 2013 fiscal year ending June 2013. And that “current” debt for the fiscal year only amounts to about $309 million TOTAL.

This means that the other $9.1 billion dollars listed here as “due after one year” is all future debt payments that will basically amount to somewhere around a $300-500 million dollar amortization schedule for the next fiscal year and so on. In other words, for the 2013-2014 fiscal year, Detroit’s actual “current liabilities” are only $300-500 million dollars. The rest of that $9.1 billion still is not due until future payments are made in 5, 10, 20, and up to 50 years in the future!!!

If this is not clear, this means that the over $9 billion in future debt payments to be made has absolutely nothing to do with the financial state of the government today, or even within one year of today.

And yet those payments and future debts are somehow effecting the current balance of today (June 2012)?

Can you say creative accounting?

Can you say FRAUD?

Can you imagine if you told the IRS that you have earned no money this year because you have future debts to pay in 10 years?

You’d go to jail… but this is legal for government!

The trick here is that, as with all municipalities across the nation, by law these governments are able to and encouraged to not include future assets in the form of fees and taxes that will be collected in those future years that will certainly pay for those future debt payments. So here we see that government is claiming a future liability as a current liability, and yet conveniently disregarding the projected future assets it will receive in the future as current assets to balance the future liabilities.

This “creative accounting” trick is used by all governments – BECAUSE IT IS THE RECOMMENDED STANDARD OF PRACTICE BY GOVERNMENT TO FUND THE COLLECTIVE ORGANIZED INVESTMENT SCAM ACROSS THE UNITED STATES!!!

So what is the true financial position of the government of Detroit?

It can pay off, if it chooses to, all of its future debt today with its current assets.

Of course, this would mean that the interest charges on that future debt and bonds would not be accrued in the future and therefore would not be paid out, bringing the actual total liabilities due today (without future interest charges attached) significantly down it total, since by paying off that future debt today no interest would be charged for anywhere from the next 10-50 years.

For an in depth explanation of this creative accounting trick and how you can identify it on your own municipal CAFR, see my research here: http://realitybloger.wordpress.com/2013/02/27/unmasking-the-cafr-scam-in-every-city-usa/

And check this out to see where your tax dollars really go: http://realitybloger.wordpress.com/2012/07/10/cafr-school-how-corporations-are-funded-by-taxpayers/

And so here we stand, another high profile municipality pretending to bite the dust while hiding its real wealth under false accounting principles that are allowed at the very top level of the federal government. Detroit City will act upon the purpose of its incorporation by utilizing the “limited liability” function of that privilege – a privilege once only granted to honorable men who sought to improve and strengthen all men, not just themselves. And this protection of government called incorporation now protects crime instead of the people who are harmed by that crime. For all of government is naught but a limited liability corporation collectively organized in harming the people.


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At this point it has been reported that the Detroit government is tearing down up to 350 abandoned homes and buildings per day in that city. Its plan is to create a “model” Agenda 21 city; a green city; one that is built towards the sky with compartmentalized condo housing instead of sprawling out from its center where land may be enjoyed by single family dwellings. This re-imagining of city life will become a beacon of the future of “smart growth” and the “smart grid”, matching lifestyle and technology to create the perfect Orwellian fit for those who love to love their biometric servitude and love to be on camera. It will be a model city built on retracting individual rights in lieu of the collective good of the citizenry as is laid out in the U.N.’s Declaration of Human Rights that has all but usurped the constitution of the United States – this is the future of Detroit Rock City and likely a city near you…

The economic fallacy that growth equals a good economy ultimately and ironically requires the destruction and pestilence we see in Detroit. And so, in order to grow the new city, the old one must be destroyed to make way for the ever-growing economy. It is in the best interests of the government corporation and its investment scheme for this to happen. And even more frightening to contemplate is that bridges, roads, tunnels, buildings, sewers, water, electrical, and other infrastructure is more profitable in decay for that investment scam than it is as a well-maintained infrastructure. Destruction and decay requires investment and promotes growth. This is the model of government and its “economy”.

Detroit is not bankrupt. It has created the illusion of bankruptcy by such common financial trickery as pension pre-funding – where future debt payments must be paid in advance so that government can invest that taxpayer money instead of using it to fix up the broken City. Congress used this same trick to make it appear that the Federal Post Office is broke, while in really it just created legislation that forced the post office to borrow money from government and corporate sources to pre-fund the Federal Pension funds instead of paying the normal contributions over time. In other words, government is forcing itself to pay future liabilities today – which just happens to have the good-for-government and bad-for-the-people side effect of creating the unnecessary illusion that bankruptcy is needed. And so government is now the largest defaulting entity in history. And the people blindly support what they don’t understand, allowing that fraudulent government machine to place the responsibility for its actions upon the backs of those people in the form of sheer usurious debt, while laughing all the way to the bank.

Imagine such greed and opportunity that would make men in the public trust force the bankruptcy of a city just because they don’t want to wait to receive their pension payments by taxpayers in the future. While this would seem counter-intuitive (destroying a city to support city employee pensions), the truth is that this is just business as usual. For government is not in the business of helping people. It is a financial mega-corporation with branches in every square mile of the United States – with investments in the entire world economy.

How many times do I have to say it…?

Government is nothing but the organization of crime. For a government that creates, adjudicates, enforces, and exempts itself from its own laws is thus lawless – a mafia above its own prescribed laws. When the law is lawless, there is no law.


–Clint Richardson (realitybloger.wordpress.com) (https://realitybloger.wordpress.com/2013/07/20/detroit-the-latest-bankruptcy-lie/)
–Saturday, July 20th, 2013

[turiya]

Unmasking The CAFR Scam In Every City, USA (http://realitybloger.wordpress.com/2013/02/27/unmasking-the-cafr-scam-in-every-city-usa/)

As more and more cities, counties, districts, and states across America falsely declare their near- insolubility, bankruptcy warnings, fiscal deficits, and budgetary quandaries, I am left with the sinking feeling that “the people” just can’t wrap their heads around how to point out these misleading and downright fallacious claims made by their councils, mayors, and professional con-men in places of public trust.

And personally, I’m tired of watching…

So today I want to share with you a simple way to factually stand before your local or state political “leaders” and give indisputable proof that, when stating the “facts” about their own budget shortfalls, limited choices, and necessary raising of your hard-earned monies as taxation (revenue) to “balance the budget”, your own little criminal syndicate of elected mayors and council men and women are lying bold-faced to the entire citizenry through the act of subterfuge and omission.

This little factoid is uniform throughout the entirety of the financial structure of government, as reported in the audited Comprehensive Annual Financial Report and required by Federal and State laws. It is always reported in the same fashion and under the same heading as all other governments (municipal corporations). The figures are not disputable. The truth is unshakable. And yet the doublespeak will never end… For even as you present this one simple line item to the scoundrels themselves behind their raised and protective pedestals, they will still attempt to deny what is undeniable, be it in ignorance or in deceit; usually a mix of both.

So, here it is… a tool for all people to easily use:


Step 1:

First of all, you must find your city/county/district/or state CAFR, which can sometimes be challenging in and of itself.

A search on your favorite search engine of “Your City” “Comprehensive Annual Financial Report” “Year” will generally do the trick. You may need to add the state after the city, or you may need to go to your government’s website to find these CAFR’s. If they are not to be found online, then your government is required to hand over a hard-copy or digital copy to you upon request. It’s the law, folks!

Now that you have the CAFR in front of you, you are probably overwhelmed with all of the nonsensical figures, financial wizardry, and creative accounting that is presented in over 100 pages of a pure accounting nightmare.

But don’t worry, you can ignore all that. For our purposes, we are only concerned with one single page of this entire report. And this page is specifically listed in the index as the “STATEMENT OF NET ASSETS“. This page is generally in the first 10-30 pages of the CAFR report, and will always be listed in the index.

For the purposes of this lesson, here is an example CAFR from the City of Pacifica, Ca. I found this with a search parameter of “Pacifica Comprehensive Annual Financial Report 2011″, and clicked on the 5th link down which took me to the finance department of the “City Of Pacifica” website.


LINK –> http://www.cityofpacifica.org/depts/finance/cafrs/default.asp (http://www.cityofpacifica.org/depts/finance/cafrs/default.asp)
Click on the “2011″ link to open the CAFR .pdf, and go to the index [Table of Contents]. Here you will see, as with all other CAFR reports, an entry for the “STATEMENT OF NET ASSETS“, listed under the FINANCIAL SECTION, and under “GOVERNMENT-WIDE FINANCIAL STATEMENTS”. This tells us to go to page 17 of this particular Comprehensive Annual Financial Report to find our “statement of net assets”. That’s it! This is the hardest part of the whole process.

Now breathe… it’s all simple from here on in – and quite an eye-opener!!!


Step 2:

Now that we are on page 17 (or your own CAFR page listing the “STATEMENT OF NET ASSETS” graph), we see a page full of large figures. Don’t worry… you don’t need to know these. They are irrelevant to our goal. Fortunately, we are only concerned with the three or four line items that prove the budget lie and omission of the CAFR facts.

What we see here is a statement of three financial columns.

1. “Assets”
2. “Liabilities”
3. (Total) Net Assets.In basic accounting, we add up the “ASSETS” and then subtract the “LIABILITIES”, which gives us our balance called “NET ASSETS”. But we must remember, there is nothing at all “basic” about government accounting. In fact, it is the most complicated structure of obfuscation I’ve ever encountered. Berny Madoff would even be proud…


Step 3:

Now that we are familiar with the layout of this graph, and since we already know that comprehending government accounting is like untangling a mile-long set of Christmas lights that have been kicked around by a kindergarten class that just drank 20 gallons of Coca-Cola, we can fortunately find the few line items we actually need quite easily here.

Now, under the ASSETS column, we see that TOTAL ASSETS are listed as:
———————————————————
Governmental Activities: $103,806,744
Business-Type Activities: $57,517,150
Totals:$161,323,894
———————————————————http://curezone.com/upload/_T_Forums/Turiya_Files_/Rense/City_of_PACIFICA_total_assets_2011_page17.png

***Note: “Business-Type Activities” may also be listed as “Non-Governmental Activities” or similar language. This represents government acting in the capacity of a corporation offering a “service” to the people, but not as “taxpayers”. Instead, this is a business that earns money, and the taxpayers are instead “customers” of government. In this way, government wears two hats. Often, as in Utah with its self-proclaimed “Alcohol Monopoly” – where government controls and profits as the only legal seller of high content alcoholic beverages – or in the case of “State Lotteries” run solely by State Governments as a monopoly, the government is acting as any for-profit corporation might, and taxpayers voluntarily purchase this service and products from government as “customers”. Thus, these types of governmental activities are considered “non-governmental” or in Pacifica’s case “Business-type Activities”. For our purposes, this is certainly important to understand but not necessary to our stated goal. It is simply a way to transfer money out of the taxpayer base and into the business-base of revenues, leaving the taxpayer budget short.

Under the Liabilities column, we see TOTAL LIABILITIES listed as:

———————————————————
Governmental Activities: $45,403,706
Business-Type Activities: $37,792,153
Totals: $83,195,859
———————————————————http://curezone.com/upload/_T_Forums/Turiya_Files_/Rense/City_of_PACIFICA_Total_Liabilities_2011_page17.png

We will come back to these figures in a moment, as the big lie is within this LIABILITIES section.

Finally, our TOTAL NET ASSETS are listed as:
———————————————————
Governmental Activities: $58,403,038
Business-Type Activities: $19,724,997
Totals: $78,128,035
———————————————————http://curezone.com/upload/_T_Forums/Turiya_Files_/Rense/City_of_PACIFICA_Total_Net_Assets_2011_page17.png

Assets minus liabilities equals total assets. But we must now expose the fraud written into these so-called liabilities…


Step 4:

Now, since I have written extensively on what all of these facts and figures mean within the full report of the CAFR, we will not be reading between the lines today. Again, we need not understand the whole financial report to understand the crime of omission happening in every government across America (and the world for that matter). All we need to know is this one method of “creative accounting”, and with it we have more ammunition than we could possibly need to call foul on our elected holders of public trust. So for now, don’t worry about all this other red tape. If you want to learn more about all of this, you can scour my articles or watch my movies for explanations of this CAFR information. Again, we need not get sidetracked with anything but these few line items that prove massive fraud on a national level.

Listed here are the ways in which these “totals” are restricted, invested, and unrestricted. But again, this information is irrelevant to our goal, for it is based on the lie we are about to expose. Without the continuity of the big lie, these “restrictions” mean nothing. In order to understand this lie, we must now go back to the LIABILITIES section.

Remember, we only need to read this one graph called “STATEMENT OF NET ASSETS”. Nothing else matters for our purposes of establishing basic fraud through omission and obfuscation. So for now, ignore the rest of the CAFR.

Under the LIABILITIES section, we see a line item titled “NONCURRENT LIABILITIES”. In our Pacifica City Corporation CAFR, these are listed as follows:

http://curezone.com/upload/_T_Forums/Turiya_Files_/Rense/City_of_PACIFICA_Non_Current_Liabilities_2011_page17.png

Due Within One Year:
Governmental Activities: $4,283,958
Business-Type Activities: $2,458,072
Totals: $6,742,030Due In More Than One Year:

Governmental Activities: $38,527,849
Business-Type Activities: $34,108,234
Totals: $72,636,083And there it is… Perhaps you still don’t see it, and that’s OK. For most people have hope and faith that government has integrity and honesty even within its own required Federal and State accounting principals. Perhaps you have even heard your mayor, council members, and even your governor talk about their “intent” to do right by the people? But in reality, nothing could be farther from the truth. For intent means nothing until it is written down on a paper, signed, notarized, and filed as a legally binding contract. Only then can the true intent of politicians be guaranteed. And only then can the law be broken – for a broken promise of ones good intentions is not against the law!

So what just happened here that is so darn eye-opening, as I claim?

Glad you asked…

For it can easily slip past your cognition if you aren’t ultra aware of what you are reading. In this case, the City of Pacifica has just listed its current assets and compared those assets to its future liabilities.

Why is this significant?

Well, imagine if you were reporting your own assets and liabilities to the IRS after it informed you that it required this information for an audit. And let’s say you wanted to play a creative accounting trick on the IRS to hide your real current asset holdings. While this little trick would actually be illegal for you to do, in government it’s perfectly OK and legal, and even promoted in standards of practice. After all, government wont punish itself for its own lies – for the lie is the basic foundation of government accounting as recommended by itself!!!

So when Agent Smith comes a knocking at your door and asks you for your STATEMENT OF NET ASSETS, you give him your list that you made, which includes the same creative accounting methods used by government. On your list you itemize all of your assets, including your home, your car, your equipment, and any other property you might own. You then list your bank checking and savings accounts and any liquid investments you have in your investment portfolio, just like government does. And once you’ve listed everything you can possibly account for as one of your assets that you have right now at this very moment in time, you then begin to list your liabilities.

And here is where the creative part comes in – the act of obfuscation and trickery to fool IRS Agent Smith into believing that you have more liabilities that effect your asset balance than you actually do. Here’s how that works…

Firstly, you list depreciation of your property values if indeed the market or blue-book values have decreased over the last fiscal year. But this is another accounting trick we will ignore for now.

Second, you may account for assets that are “receivable” in the short term – say within one months time or so – in the form of payments, interest or capital gains, refunds due, rent due, etc. These short-term “future” assets can be considered “current” assets for the purposes of reporting total assets to government.

And finally you report your current liabilities that may affect your total stated list of assets. This may include “future” short-term loan payments, interest accrued within the next few weeks or in a fiscal month or quarter, capital losses, depreciation, and other forms of liabilities and/or write-offs.

At this point, you have now listed your CURRENT ASSETS and your CURRENT LIABILITIES to the best of your ability and integrity by law. And even though this figure includes some very short-term assets and liabilities, your report to the IRS is really an honest and to the best of your knowledge perfect representation of your CURRENT financial position. You have not omitted anything, and you have not purposefully attempted to hide your wealth from the IRS.

For this you get a gold star and a pat on the back for being such a good little debtor, filling governments bags with the proper amount of revenue in the form of taxation (extortion).

But government doesn’t do this, you see. Because government is not reporting to the IRS as a taxpayer. Government is the tax collector. And government is a profitable business. So how does government hide its wealth from the people? The same way that you would hide your wealth from government… that is, if it was legal – like it is for government to hide its wealth from you.

If you were to follow the creative generally accepted financial accounting practices (GAAP) of government in your own financial accounting list, here is what you would have actually given to the IRS:

Step 1: Do exactly what you did as listed above, stating an honest and perfect representation of your CURRENT cash, property, and investment holdings, taking CURRENT liabilities away from that total.

Step 2 (Creative accounting): While reporting CURRENT ASSETS, hide the true value of today’s assets by subtracting your FUTURE LIABILITIES of tomorrow from your ASSET totals today.
That’s it! You’ve just hidden most or all of your current wealth and assets. You’ve successfully fooled the IRS into actually believing that despite your actual money, property, and investment totals that can be seen clearly listed on your report, you have somehow made that money, that property, and those investments magically disappear from your balance sheet and claim to not actually have that money, property, and investment capital in your accounts today!

Wait a minute! Did we miss something? How exactly did this happen?
Just how can I make my current assets magically disappear by listing my future liabilities?

The answer: Exactly like government does!
Here’s what you did…

Let’s say your home is worth $500,000 and your two cars are worth a combined total of $100,000. Not bad man! Your doing pretty good I’d say. Better than most now-a-days, right? Oh, but wait a minute. We can’t forget that these little property assets called “capital assets” didn’t come for free. It turns out you are not so different than the majority of people out there, and you have bank loans which hold as collateral your “capital assets”. In other words, you’re up to your neck in DEBT!!!

Debt is a future liability.

And so with a total property value of $600,000 in current capital assets (the total current value of your home and cars as of today that you are reporting to the IRS), we see that unfortunately you also have a debt in the form of loan totals plus interest of about $400,000 that you must pay over the next 20 years. Suddenly wealth takes on a whole different meaning, and your debt is certainly a future liability – which means that the total asset value for your “property” as capital assets in the form of “equity” is only about $200,000 today when this debt is considered. Remember, this is the CURRENT ASSET VALUE for this day, which for your purposes is the end of your fiscal year as reported to the IRS.

For Pacifica, California, its fiscal year always ends by law on June 30 of every year. And this report was published for the dates spanning from July 1st, 2010 – to – June 30, 2011.

So you report that your assets are worth $600,000, and you report that your cash and investments are at $100,000 total.

In the end, when your future payments and interest are taken into consideration, you report the following to the IRS:

Property value: $600,000
Cash and investments: -$300,000
What?

How can you report a loss and negative balance on current cash and investments of -$300,000 if you have +$100,000 in the bank and in liquid investments?

This is how government financial reporting works, friends. All you’ve done is to create a false paradigm that utilizes the payments and interest payments of your future debt repayment amortization, including interest that hasn’t even been charged yet upon your balance principle in the future, and applied that negative liability to your current balance of assets.

But in order for this to work, you must not take into consideration your future income, investment returns, and other forms of revenue that will come into your total asset balances in the future. In other words, you report your future liabilities and ignore the future assets that will ultimately pay for those liabilities.

If you were really devious, you could then file bankruptcy and get those future debts eliminated from your record while retaining your current assets and equities.

Welcome to government creative CAFR and budget accounting!!!


–=–


Now, back to the City Of Pacifica Municipal Corporation CAFR…
Again, our liabilities are listed as:

Due Within One Year:

Governmental Activities: $4,283,958
Business-Type Activities: $2,458,072
Totals: $6,742,030
Due In More Than One Year:

Governmental Activities: $38,527,849
Business-Type Activities: $34,108,234
Totals: $72,636,083To be fair, we will treat the listed liabilities that are “due within one year” as a legitimate line item, and to cover any type of short-term future assets that this government corporation might have actually reported. And so, we have a total left over in the “due in more than one year” category of $72,636,083.

When we look at the line items in the “Assets” section, we see no reporting mechanism for the declaration of future assets "due in more than one year”. The “long-term pre-paid pension asset” is an investment into the pension system, and NOT a future asset in the form of revenue. Thus, we have no hint or clue of a reporting on how much this City will collect in future revenue or what will be collected via taxation or business income, which would obviously be what pays for the future debt liability payments that are reported here.

In other words, the City corporation just used FUTURE liabilities to hide its CURRENT assets.

If the fact that future assets to be collected as revenue were reported in this graph, the $72,636,083 that is reported as a liability effecting the current asset balance would be cancelled out into a zero balance. All future liabilities would be accounted for with all future assets.

But this is not the case.

If this true accounting were to be stated here in the Statement of Net Assets, then the Total Net Assets would change from this:

Governmental Activities: $58,403,038
Business-Type Activities: $19,724,997
Totals: $78,128,035
To this:

Governmental Activities: $58,403,038 + $38,527,849
Business-Type Activities: $19,724,997 + $34,108,234
Totals: $78,128,035 + $72,636,083
This gives the municipal corporation of Pacifica, California a sudden increase in its actual CURRENT ASSETS to a total of $150,764,116, almost double what it actually reports within its Statement of Net Assets.

And there you have it – creative accounting at its finest. This, ladies and gentlemen, is the financial scam being perpetrated over you in every city, district, county, and state, USA. And this can be used by anyone to call out your council, mayor, and any other financial planners that try and bull**** you into believing that your government has no money. And this is only the tip of the iceberg…

Remember, this in no way represents the total gross wealth of your government, but only shows one single method amongst many methods to legally cover up the true financial situation of your government entity. This can also be applied to other balances listed in the CAFR, including the “Statements Fund Balances” and within Pension Fund CAFR schemes.


–=–

Finally, to test this instruction sheet for accuracy and to prove my claims herein, lets randomly select a few other CAFR’s from governments around the country…

I just sat for a moment and thought of what should be the only City in America that may be an exception to this rule, a government that actually may be in dyer financial trouble. And the name Detroit came to mind…

Here is a link to the City Of Detroit municipal corporation (incorporated 1806) CAFR for fiscal year 2011 on the Detroit City Government website:

LINK–> http://www.detroitmi.gov/Portals/0/docs/finance/CAFR/2011%20Detroit%20CAFR%20Final.pdf

Detroit lists its Statement of Net Assets on page 37 of this CAFR. And this City lists the following Net Assets:

Total Assets (and Deferred Outflows): $10,030,113,247
Total Liabilities: $10,059,121,604
Total Net Assets (Deficit): ($29,008,357)
So here the City of Detroit is reporting that after all CURRENT ASSETS and LIABILITIES are considered, the City is running a deficit of over $29 million dollars.

But what happens when we look closer at the liabilities section line items and apply the “creative accounting” lesson we just learned? Amazing things, folks. Amazing things happen…

Listed as “LONG-TERM OBLIGATIONS” here, Detroit lists the following under its “TOTAL LIABILITIES” section:

Due Within One Year: $313,944,768
Due In More Than One Year: $8,366,493,713It also lists certain liabilities in the form of toxic debt instruments as:

Derivative Instruments – Swap Liability: $612,067,105

Now, though we wont include this in our total, the fact that your government is even in the investment schemes of derivatives trading, including toxic mortgage backed securities, should be enough to storm the gates and handcuff your political leaders. But we’ll save that discussion for another time, even as your governments collectively invest in this type of securities crap!

So again, if we simply consider that the future liabilities (due in more than one year) of the City OF Detroit will be paid with future assets collected by City Of Detroit from its taxpayers and customers (totals include “Governmental” and “Business-Type Activities”), then the City government of Detroit actually has CURRENT assets which should be listed like this:

Total Current Assets (and Deferred Outflows): $10,030,113,247
Total Current Liabilities: $1,692,627,891
Total Current Net Assets: $8,337,485,356
So the City Of Detroit is covering up more than $8 billion dollars in CURRENT assets by its creative accounting of future assets due more than a year away that will be paid for by future assets that are creatively not reported in its own audited CAFR. If I was a resident of Detroit, I’d say it was time to hold certain lying councilmen and the mayor accountable to the people. And in gangland Detroit, the word accountable would and should be a very frightening thought to those crooked political figures in power over the trust of the people!

The lies know no end in government accounting standards and practices…


–=–

Ok, how about one of the largest Cities and Counties in the nation, Los Angeles. By some accounts, L.A. is one of the largest 20 economies in the world. So let’s see what just the City proper and the separate County proper is holding within its CAFR as CURRENT Net Assets.

Here is the link to the 2011 City CAFR for City Of Los Angeles: http://controller.lacity.org/stellent/groups/ElectedOfficials/@CTR_Contributor/documents/Contributor_Web_Content/LACITYP_019904.pdf. And here is the link for County Of Los Angeles: http://file.lacounty.gov/lac/cms1_141548.pdf

Starting with the City, the Statement of Net Assets lists:

Total Assets: $48,314,850,000
Total Liabilities: $27,828,798,000
Total Net Assets: $20,486,052,000
But again, in the LIABILITIES section, is listed “NON-CURRENT LIABILITIES”:

Due In More Than One Year: $23,808,794,000And so the actual CURRENT NET ASSETS total for Los Angeles City government is in fact $44,294,846,000.


–=–

And now the County of Los Angeles:

Total Asset: $26,447,190,000
Total Liabilities: $10,317,696,000
Total Net Assets: $16,129,494,000

But again, in the LIABILITIES section, is listed “NON_CURRENT LIABILITIES”:

Due In More Than One Year: $7,224,245,000And so the actual CURRENT NET ASSETS total for Los Angeles County government is in fact $23,353,739,000.

And so in just these two governments within Los Angeles, we have quickly and easily uncovered over $31 billion in hidden assets. With this simple technique, you and your friends can show anyone out there how government is lying to the people through omission of accounting facts. This is organized crime, indeed…


–=–

Here is a random School District called Minnetonka, in Minnesota, showing this scam in even the smallest of districts and cities:


LINK–> http://www.minnetonka.k12.mn.us/administration/Budget/Documents/District_Audit.pdf

On page 33 is the Statement Of Net Assets:

Total Asset: $161,323,894
Total Liabilities: $83,195,859
Total Net Assets: $78,128,035
And when we realize that most of these liabilities are what are called “NON-CURRENT LIABILITIES” on this report, we see that of these listed liabilities:

$72,636,083 is listed as “Due In More Than One Year“

This nearly doubles the actual CURRENT ASSETS to a total of $150,764,118.

Yet another example of the endless sea of lies and obfuscation that has for generations been pulled over the eyes of the public.


–=–

I hope that this information will be of use to your future endeavors in trying to understand the actual financial position of your local or state government. I’d say its time to get up and go to a council meeting near you. Any one will do… all you need is a few minutes to find and add up these figures, and you are good to go create a firestorm of citizen outrage that needs to be spread through the actions of people like you.

As a homework assignment, why not pull up your own City CAFR and amaze friends and family with your new magic trick. Before today, only the Federal Reserve could pull millions or billions of dollars out of its butt! And while your at it, please leave a comment below about what you have found. Include the amount in millions or billions hidden under future liabilities, and also the link to your CAFR so that others may enjoy. Please pass this on and let’s see how many we can post here. That would be great!!!

Be well, and stop playing the fool!!!

–Clint Richardson (Realitybloger.wordpress.com) (http://realitybloger.wordpress.com/2013/02/27/unmasking-the-cafr-scam-in-every-city-usa/)
–Wednesday, February 27, 2013


posted by turiya :cool:

[turiya]

Unmasking The CAFR Scam In Every City, USA (http://realitybloger.wordpress.com/2013/02/27/unmasking-the-cafr-scam-in-every-city-usa/)

From the Comments Section:

http://curezone.com/upload/_T_Forums/Turiya_Files_/UNMASKING_THE_CAFR_SCAM_IN_EVERY_CITY_WALTER_BURIEN_COMMENT.png
http://GASB.org (http://GASB.org)
transmittal letter-31: (Search Results 1 (http://gasb.org/jsp/GASB/GASBContent_C/UsersArticlePage&cid=1176158753139) - 2 (http://gasb.org/jsp/GASB/GASBContent_C/UsersArticlePage&cid=1176160634537) of 2 Results for: transmittal letter-31)

posted by turiya :cool:

[turiya]

Unmasking The CAFR Scam In Every City, USA ( https://realitybloger.wordpress.com/2013/02/27/unmasking-the-cafr-scam-in-every-city-usa/)

From the Comments Section:

Re: School Districts

http://curezone.com/upload/_T_Forums/Turiya_Files_/UNMASKING_THE_CAFR_SCAM_IN_EVERY_CITY_COMMENT_Re_S CHOOL_DISTRICTS.png


http://www.youtube.com/watch?v=kbBN1j5XtPEUploaded on Dec 13, 2011
This is an advanced lesson in government corruption - in legal, organized crime. Covered here are the CAFR's for the "Rim Of The World" school district in San Bernardino County, and for the California State Lottery.

ROTW CAFR (http://rimsd.schoolfusion.us/modules/groups/homepagefiles/cms/493705/File/Board%20of%20Education/Regular%20Meetings/January%2020,%202011%20Agenda.PDF?sessionid=ac4d74 e41)
With this information, anyone should be able to read their own school district CAFR which will be similar in its structure according to generally accepted government accounting practices.

LINKS (as mentioned in the presentation):
-CAFR SCHOOL Commingled Funds (http://www.youtube.com/watch?v=XIl5QJqX2Lo)
-MAYOR OF SALT LAKE ADMITS TO CAFR #1 (http://youtu.be/ve2WFZYo1KY)
-MAYOR OF SALT LAKE ADMITS TO CAFR #2 (http://youtu.be/D4WbhvD-0no)
-THE CORPORATION NATION (http://www.youtube.com/watch?v=yX8UhqyHKZk&feature=share&list=PL6D032AA2E55759C1)
-THE GREAT PENSION FUND HOAX (http://youtu.be/fhkWueEjewM)
-SPECIAL TAX DISTRICTS (THE SHERIFF WHO SOLD HIS COUNTY (http://youtu.be/6_-XMTauRsA))
-CAFR SCHOOL What is Wall Street? (http://youtu.be/2__ZsQSQirc)
-THE ONLY GAME IN TOWN (http://realitybloger.wordpress.com/2011/11/01/walter-burien-the-only-game-in-town/)

Articles on [Cliff's] blog:[INDENT]-CAFR SCHOOL #1 - Wisconsin State CAFR (http://realitybloger.wordpress.com/2011/03/01/wisconsins-real-financial-situation-explained/)
-CAFR SCHOOL #2 - City CAFR's (http://realitybloger.wordpress.com/2011/03/03/cafr-school-a-lesson-in-financial-accounting/)
-CAFR SCHOOL #3 - Minnesota State CAFR (http://realitybloger.wordpress.com/2011/03/03/cafr-school-a-lesson-in-financial-accounting/)
-THE SENATE: HOW MUCH DOES IT COST? (http://realitybloger.wordpress.com/2011/04/04/the-senate-how-much-does-it-cost/)
-THE UNITED STATES: A CORPORATION (http://realitybloger.wordpress.com/2010/12/18/the-united-states-a-corporation/)

Also visit Walter Burien at: CAFR1.COM (http://www.cafr1.com/)

Thank you for learning!
Clint Richardson - clint4p.com

posted by turiya :cool:

[ThePythonicCow]

So today I want to share with you a simple way to factually stand before your local or state political “leaders” and give indisputable proof that, when stating the “facts” about their own budget shortfalls, limited choices, and necessary raising of your hard-earned monies as taxation (revenue) to “balance the budget”, your own little criminal syndicate of elected mayors and council men and women are lying bold-faced to the entire citizenry through the act of subterfuge and omission.
I suspect that sufficient accounting games are played with the CAFR of almost any city, county, or state of any size that one cannot conclude much of anything as to to their financial solvency from any simple analysis of a few lines.

[turiya]

So today I want to share with you a simple way to factually stand before your local or state political “leaders” and give indisputable proof that, when stating the “facts” about their own budget shortfalls, limited choices, and necessary raising of your hard-earned monies as taxation (revenue) to “balance the budget”, your own little criminal syndicate of elected mayors and council men and women are lying bold-faced to the entire citizenry through the act of subterfuge and omission.
I suspect that sufficient accounting games are played with the CAFR of almost any city, county, or state of any size that one cannot conclude much of anything as to to their financial solvency from any simple analysis of a few lines.

Understand what you're saying.

The area of Accounting, Finance & Statistics probably gives most people (including me) a throbbing headache. Enough to keep well away from the subject matter in order to avoid having the symptom again arise. I sense that Clint's goal with this is to try to simply educate people so they have a basic understanding of where they can start to look for the 'where' & the 'how' this CAFR shell game is being played.

If you have ever looked at a county, state, or city CAFR, its quite a labyrinth of terms, figures, subject titles, etc., in order to get oneself through, especially if one has not a clue where to begin. Myself, I don't even bother balancing my own checkbook, as I am one that has a genuine disdain for accounting details. I've found that such reading gives me a good throbbin in the noggin'. Reading IRS docs do the same thing - except for a number of years ago I had decided to try to make either heads or tails of this particular 'game' and, fortunately, I had the help from the Otto Skinner material, i.e. his research & books, which helped me understand the scam that was going on with that particular 'shell game'.

A few times over the last two-three-four years, I have made attempts at understanding Walter Burien's videos, and last year tried to make it through Corporation Nation (also a Clint Richardson video), but couldn't manage to get all the way through it without the bothersome 'headache' feeling come a-nagging at me.

What piques my interest this time is the fact that my neighbor (my landlady's son) told me, earlier in the spring, that he had started a petition to have the road repaired, & the rest of the property owners in the neighborhood gladly signed it. Over the years of living here and must say I've watched & this road is one that "literally goes to hell". Ever since I moved here, the only thing the county does is to have a couple guys throw a few shovels full of asphalt into the holes & let the cars pack it down as they drive over it.

Well, the county commissioners told the home owners that they didn't have enough money to fix the side roads properly, only the major roads. And, if the homeowners wanted the road fixed, then they would have to pay for it themseles. And my neighbor said that they would hold a meeting for everyone to go to and have their expert road repair man there to explain what materials were available & how much it would cost them.

My immediate reaction was, "Say what!?! What the hell do people pay taxes for?"
After I heard this, well, within a day, or so, there was that small voice inside me saying, "This isn't right! Its a CAFR scam!"
So, its been gnawing at me for sometime, now. And when the announcement came - of Detroit filing for bankruptcy - that small voice told me again - "Detroit is not out of money - its in the CAFR".

So, here I am, a guy that doesn't even balance his checkbook, not even a property owner here, as I only pay rent to my landlady, I'm not sure how far this thing will go before that bothersome headache starts to intensify, but I am willing to see if I can educate myself a bit more on this CAFR stuff... & perhaps, seeing if I can get to talking to my landlady about this road repair cost before she raises the rent on me. Her son is my closest neighbor, and his ex-wife is a prominent university attorney. And so, this is my pet project of late, not certain how involved I will get, but as long as it doesn't get to being a headache, I am willing to see what I can find out about this, and if there would be other people in the neighborhood that would also be interested in reigning in some out-of-contol county commissioners, and save some money in the process - at least there is an incentive for them to consider doing so.

Anyways, thanks for the reply.

turiya :cool:

[turiya]

The Screw of true Government accountability tightens!
by Walter Burien - 08/07/13 (http://cafr1.com/Accountability.html)

Scott Baker from NY wrote a very detailed 8-section article per "Detroit is not Broke!".
He sent the article to me for my review.

General News 8/5/2013 at 12:35:07
Detroit is Not Broke!
By Scott Baker


http://www.opednews.com/populum/cachedimages/s_500_affordablehousinginstitute_org_0_cairo_garbage_city_poor_neighborhood.gif
The many holes of Garbage in Detroit by www.manyholes.com

The on-again-off-again pending bankruptcy of what was formerly America's 4th largest city, Detroit, has been all over the news lately. In all of these stories, whether blaming the collapse of the domestic auto industry (http://www.usatoday.com/story/opinion/2013/07/21/detroit-broke-bankruptcy-column/2573163/), profligate workers taking pensions, or, even closer to the truth, speculators (read: banks) who precipitated a housing collapse (http://tv.msnbc.com/2013/03/12/why-detroit-is-broke-and-whos-being-asked-to-pay/), and even the fact that only 53% of City property owners paid their 2011 property taxes while approximately $246.5 million in taxes and fees went uncollected for 2011, of which $131 million was due to the City (http://www.detroitmi.gov/Portals/0/docs/EM/Reports/City%20of%20Detroit%20Proposal%20For%20Creditors1.PDF) - there is one glaring omission of coverage, whether Detroit is, in fact, broke. One would think that with such extensive coverage of everything from the city's crumbling infrastructure to its money-and-personnel starved police department's pathetic 10% crime-solving rate and 58-minute police department responses (http://www.theguardian.com/world/2013/jul/19/detroit-broke-bankruptcy), that at least some research would have been given to whether Detroit is, in fact, out of money. Note; I didn't say, "whether Detroit is bankrupt." Bankruptcy is a legal finding. Being out of money is a statement of fact. There is a crucial difference, as we shall see.

The courts may have decided the fate of the city by the time you read this. For example, an Ingham County judge issued a stay (http://www.theguardian.com/world/2013/jul/19/detroit-broke-bankruptcy) against the city's attempt at bankruptcy, ruling it unconstitutional (http://www.legislature.mi.gov/%28S%28h42mlw55p5olue45mm4h2rqe%29%29/mileg.aspx?page=getObject&objectName=mcl-Article-IX-24), based on State's Article 9, Section 24:


STATE CONSTITUTION (EXCERPT)
CONSTITUTION OF MICHIGAN OF 1963


- 24 Public pension plans and retirement systems, obligation.

Sec. 24.

The accrued financial benefits of each pension plan and retirement system of the state and its political subdivisions shall be a contractual obligation thereof which shall not be diminished or impaired thereby.

Financial benefits arising on account of service rendered in each fiscal year shall be funded during that year and such funding shall not be used for financing unfunded accrued liabilities.


History: Const. 1963, Art. IX, - 24, Eff. Jan. 1, 1964

Says the Daily Kos article cited above:

The city must retract its filing for bankruptcy, made literally minutes after appearing in the circuit court, after asking for, and receiving a 5-minute delay - during which they filed for bankruptcy! (http://www.detroitnews.com/article/20130719/METRO01/307190099/Ingham-County-judge-rules-Detroit-bankruptcy-withdrawn)

Since this Daily Kos article came out, however, an appeals court has let the bankruptcy proceeding continue, and it now seems the State constitution will be flouted. Why should we be surprised that what is happening on a Federal level is mirrored at the State level? The unions are fighting the loss of their pensions, but only on a token basis (http://www.opednews.com/articles/AFL-CIO-shrugs-off-Detroit-by-Patrick-Martin-130730-263.html) and are not questioning the fundamental assumption that Detroit is broke, though the same financial statements are available to them as are available to journalists, or to anyone.

Considering that the city's state-appointed democracy-robbing bankruptcy attorney, Kevyn Orr, is a Washington D.C. attorney and partner at the law firm of Jones Dayare (http://www.huffingtonpost.com/2013/03/14/detroit-emergency-manager_n_2871371.html), which is representing Peabody Energy (http://www.peabodyenergy.com/) against the coal miners in bankruptcy proceedings, one ought to question any so-called public servant who is saying an entity is broke nowadays. (In addition, Detroit is a particular homing beacon for political corruption, with an ex-Mayor in jail for extortion, racketeering and bribery (http://www.nytimes.com/2013/07/26/opinion/come-see-detroit-americas-future.html?_r=0)). Before we indict Detroit as another city wrecked by greedy public employee pensioners - who in this case, live on an average of $19,000/year (http://www.salon.com/2013/07/23/dont_buy_the_right_wing_myth_about_detroit/) - let's dig a bit deeper into the true situation.

First, in macro-economic terms, as Paul Krugman lays out, the "Great Pension Scare" (http://krugman.blogs.nytimes.com/2013/07/21/the-great-pension-scare/) is yet another inflated attempt by the New Austerians (http://en.wikipedia.org/wiki/Austerians) to force everyone but them into penury with bogus statistics claiming imminent default, deprivation, and even moral debauchery (http://www.nytimes.com/2013/07/01/opinion/krugman-the-war-on-the-unemployed.html?ref=paulkrugman). We ought to know better by now then to trust revolving-door Treasurers and Comptrollers looking for future employment in the FIRE sector. In addition, of course, this is Obama's Gerald Ford moment, when president Ford famously said to New York City - in 1975 suffering its own fiscal crisis - that it should "Drop Dead (http://gothamist.com/2006/12/28/fords_drop_dead.php)." In fact, the current Administration spends three times as much on aid for Columbia as it does for Detroit (http://www.bloomberg.com/news/2013-07-31/bankrupt-detroit-receives-less-u-s-aid-than-colombia.html) and could easily afford to help out one of America's major cities, if it chose to, and if Congress allowed it.

But, getting back to the fiscal reality of Detroit: to understand the true situation, the first thing to understand is the difference between a budget report and a Comprehensive Annual Financial Report (CAFR).

There is a nascent gathering of interest in examining CAFRs on local, state, and federal levels. It's too soon to call this a movement, and indeed, it's hard to have a movement around 10s of thousands of separately calculated CAFRs, but since they all use similar methods of obscuring their reporting government's true assets, tax and monetary reformers are starting to take notice.

Long-time CAFR Guru (http://cafr1.com/) Walter Burien (http://cafr1.com/BIO.html)says:

"Per Detroit, pay special attention to the following:

If you take a look at why they say they are broke, what they are doing is extending the pension and other liabilities out 30-years as if (it's) a liability to be paid in full today. They funnel off much of their "annual" budgetary funds to meet 100% funding today and (this) is why (they use) the buzzword of "in debt" and "pensions short". They only project out their income 1-year and project liabilities out 30.

And they do so to create the largest base of investment funds on all levels at their disposal."

Burien's protégé, Clint Richardson, has much more to say (http://realitybloger.wordpress.com/2013/07/20/detroit-the-latest-bankruptcy-lie/#comment-84584) about Detroit in a recent blog post, and goes into even more detail when writing of a similar situation, the fabricated Stockton, California (https://realitybloger.wordpress.com/2013/04/07/the-stockton-bankruptcy-lie/), bankruptcy (in a document totaling 250 pages!), where he says:
"The budget report is simply an edited and cut down version of the full report called the CAFR. Same books, but the budget excludes most of the investment wealth within governmental and non-governmental (enterprise/customer-based) funds. Consider the budget as the City's checking account for the last year, and the CAFR as the City's combined checking AND SAVINGS ACCOUNT for the last 162 years" Please also note the word "annual" when referring to the yearly budget report. One of the biggest distinctions between the CAFR and the Budget report is that the CAFR is a full accounting of all finances for the entirety of the time that the City corporation has been open. But the budget only focuses on a yearly basis, and what happens within that year. So in the budget report, last year's profits are not necessary to include within this year's budget, for the budget is only accounting for this year. And this means that the council and Manager are not "required" to use the fund balances of today that were gained yesterday, for they are not part of the "budget." (This is) yet another obfuscation tool to hide the real wealth of the City."

It's a bit like taking out your empty wallet and saying you're broke, while ignoring your bank account, your stocks and bonds, the home you own, etc. It's also like saying that every bill you will ever owe, including the balance on your mortgage, your car loan, your credit card statements, your kid's college tuition for the next four years" - all of it, is now due in full, and, oh, and you are only allowed to count the money you made in through the past year to pay for it all! This is exactly what the Post Office's 75-year health care prefunding requirement is doing to bankrupt that agency. In fact, Richardson makes that analogy specifically:

"Please note that in my documentary, "The Great Pension Fund Hoax (http://www.knowthelies.com/node/6921)", I covered this pre-funding scheme with the Federal Post Office, which has been borrowing every year to cover the expense of pre-funding its pension obligations and is now in financial trouble and collapse. I maintain today as I did in 2010 when that film was made that this effort is a purposeful attempt to falsely claim bankruptcy for these government entities by the Federal government -- whom at any time can eliminate this pre-funding requirement as they created it in the first place. This is just one tactic being used to drive illusionist distress and cause for "financial estates of emergency" in governments that are not in any way in financial trouble. Make no mistake, pre-funding is government's financial weapon of terrorism."Burien and Richardson are not making this up. Here is what frequently cited Moody's Investment Services says in a June 27 press release (https://www.moodys.com/research/Moodys-New-state-adjusted-pension-liabilities-show-wide-range-of--PR_276663) (you have to drill down half a dozen links in a typical article to get to this, if it's available at all, and, based on their scare-mongering, I wonder if many journalists and editorialists have done so), emphasis added:
"The burden of unfunded pension liabilities varies enormously from state to state, according to a new Moody's Investors Service report, "Adjusted Pension Liability Medians for US States." Measures comparing the size of each state's adjusted pension liabilities to its financial resources show a few states facing negligible liabilities and other states with liabilities significantly greater than their annual revenues". Moody's uses measures comparing the size of adjusted net liabilities to state resources in its credit analysis because they are indicative of the strain the liabilities are likely to place on finances. Adjusted net pension liability relative to governmental revenues is the measure Moody's employs in its states' rating methodology scorecard."

So, Moody's, a top ratings agency, is using revenues alone, not total assets, to determine whether there will be a shortfall in future liabilities.

Furthermore, as this Reuters article (http://blogs.reuters.com/muniland/2013/06/28/moodys-flawed-estimate-on-public-pension-liabilities/), coming out the following day (June 28), points out (emphasis added):
"The shortfall numbers in these studies, to put it simply, are all over the place. There are many variables that go into these models, but the main factor that causes variation is the expected rate of return on the assets in the plans. The official assumed return on the assets that are held in trust to pay pension liabilities is 8 percent, according to the Public Fund Survey (http://www.publicfundsurvey.org/publicfundsurvey/scorecard.asp). Fiddling with this projected rate of return can cause swings in the amount of unfunded liabilities. The Moody's study uses an unconventional assumption. According to the Adjustments to state pension liabilities document:

Accrued actuarial liabilities will be adjusted based on a high-grade long-term taxable bond index discount rate as of the date of valuation (of the fund).

Rather than using the average historical investment return rate of 8 percent, Moody's uses a return on a taxable bond index. This return would be no higher than that on a basket of high-rated corporate bonds ranging from 4.4 to 6.2 percent, the FT says. The problem with using this rate is that we have been in a five-year period of zero-interest rate policy while the Federal Reserve has artificially suppressed interest rates to promote financial stability and spur economic growth". Moody's model, in periods of artificially suppressed interest rates, has enormous flaws."

In fact, Moody's itself seems to recognize the negative impact on projected pension returns of its new methodology, based on the "Pensions Final Adjustments" report sent to me by David Jacobson, their AVP - Communications Strategist, Public Finance Group (Page 4): "Because interest rates are currently at an historic low, the market approach to measuring liabilities results in much larger current total liabilities than those reported using the conventional governmental approach." The very fact that Moody's and others are using expected rates of return, which are additionally "all over the place," demonstrates how these ratings firms are forecasting liabilities years, if not decades, into the future, just as Burien and Richardson say. And there are more reasons to suspect the expected rates of future return are geared low, perhaps too low. The Journal of Accountancy's June 25, 2012 article "GASB vote places unfunded pension liabilities on government balance sheets (http://www.journalofaccountancy.com/news/20125927.htm)" says (emphasis added):
"GASB on Monday approved (http://www.gasb.org/cs/ContentServer?site=GASB&c=GASBContent_C&pagename=GASB%2FGASBContent_C%2FGASBNewsPage&cid=1176160126951) Statement No. 67, Financial Reporting for Pension Plans, and Statement No. 68, Accounting and Financial Reporting for Pensions. Statement No. 68 will require governments with defined benefit pension plans to disclose a "net pension liability" on their balance sheets.
That liability equals the difference between the total pension liability and the value of assets set aside in a pension plan to pay benefits. The statement calls for immediate recognition of more pension expense than is currently required. This includes immediate recognition of annual service cost and interest on the pension liability, plus the effect of changes in benefit terms on the net pension liability.
Next Page (http://www.opednews.com/articles/3/Detroit-is-Not-Broke-by-Scott-Baker-130805-986.html)

posted by turiya :cool:

[turiya]

Detroit Files For Bankruptcy Despite Millions in Hidden Investment Funds (http://www.thrivemovement.com/detroit-files-bankruptcy-despite-millions-hidden-investment-funds.blog)
Wed, 14 Aug 2013
by Foster Gamble


http://curezone.com/upload/_T_Forums/turiya_file/DETROIT_BANKRUPTCY_RENCEN1_653_X_233.png

Local, state and federal governments in the U.S. are in a serious financial crisis. Since 2010, thirty-six US governments have filed for bankruptcy. (See below for references.) Twenty-one states are not financially sound. Sixty-one of the largest US cities are poised to file for bankruptcy. Chicago owes $19B in pension payments they say they don’t have. Los Angeles is more than $30B in the hole. And it’s much the same in every major city — Philadelphia, Boston, Cincinnati, St. Paul, Jacksonville, New York, Baltimore…and more. Detroit is the largest American city to ever file for bankruptcy, and yet it’s just the next drop of rain in the gathering storm…
[Detroit]

But what if I were to tell you it didn’t have to be this way, and that instead of filing for bankruptcy, these governments could all wipe out their debt, pay their bills, continue to employ their workers, and eventually minimize and eliminate the need for taxes? People are saying that Detroit doesn’t have the $3.5 billion to pay its former government employees — teachers, firefighters, police and more — BUT IT DOES!!!!

How is that possible? It’s a little known fact that governments are not just using your taxes to pay for government services, they are also investing your taxes in businesses all around the world, and making millions of dollars. Like big banks, they use your hard-earned money and invest it elsewhere to accrue interest over the years. Although the evidence for these funds is posted on the Internet annually, the mainstream media has colluded for forty some years to keep this quiet.

All municipalities, including Detroit, have two sets of accounting books — one is the public operating budget that you and I hear about, and the other is this investment fund. The key to paying workers and supporting our communities is in the second set of private books…there are literally trillions of dollars available in these government investment funds that were set up for “rainy days” and could be used to balance government budgets, and even have a surplus.

These reports can be discovered in what are called CAFR’s — Comprehensive Annual Financial Reports — that reveal the existence of trillions of hidden dollars across the United States. You can learn more about CAFR’s in my previous blog (http://www.thrivemovement.com/taxpayers-strike-it-rich-with-cafr-foster-gamble.blog).

http://curezone.com/upload/_T_Forums/turiya_file/WALTER_BURIEN_DETROIT_CAFR.png

CAFR’s reveal that not only is there money available, but there is big money available in nearly every major city. For example, the small city of Stockton, California had at least $208 million in liquid investments when it filed for bankruptcy and in 2012 the “failing” state of California had $755 billion in its “rainy day” CAFR fund.

CAFR’s also reveal an accounting trick that governments and banks use to hide money from taxpayers: they confuse the labeling of “assets” and “liabilities”. This allows them to hide money they do have and imply that they don’t have enough. As Clint Richardson says:

“The fact is that 99% of the entire structure of municipalities across the nation could be out of debt tomorrow and still have money and investments to spare (be in the black) if it weren’t for the fact that governments enjoy, promote, and profit from the interest (usury) created by debt.”Here’s an example of this type of deceptive accounting from Detroit: on page 41 of Detroit’s CAFR (http://www.ci.detroit.mi.us/Departments/Finance/tabid/86/Default.aspx) it lays out the scam in its “Statement of Net Assets”. The gist is that the City declares over $10.6 billion in “liabilities”, which it then “balances” against about $10.3 billion in “assets”. The trick used has to do with timeframe for the accounting. The government counts in the present all the money they will owe on contracts and pensions, so instead of amortizing the liability over the many years that they have to pay it, they instead count it all as due right now. Not only does this mean the government does not get to include any offsetting revenue that could be used to defray those costs, like fees and taxes collected in that timeframe, it also forces a negative balance by lumping all liabilities as due in the present when this is simply not the case. It would be like you adding the total cost of your mortgage in your yearly expense column.

In Detroit, this results in a “balance” that gets shown to the people as a negative $300 million dollars. But $9.1 billion of that is not due until sometime in the future — at the rate of about $300–400 million per year. So the $10.3 billion in assets that are real right now for Detroit could be used to rectify the situation and take care of human beings rather than be squirreled away for the politicians and bankers.

As Richardson puts it:
“…government is forcing itself to pay future liabilities today — which just happens to have the good-for-government and bad-for-the-people side effect of creating the unnecessary illusion that bankruptcy is needed. And so government is now the largest defaulting entity in history. And the people blindly support what they don’t understand, allowing that fraudulent government machine to place the responsibility for its actions upon the backs of those people in the form of sheer usurious debt, while laughing all the way to the bank.”
………
“Government is not in the business of helping people. It is a financial mega-corporation with branches in every square mile of the United States with investments in the entire world economy.”There is no evidence that this will stop until we stop them. There’s talk of Obama now bailing out Detroit…with more of your tax money! And then what happens with the other cities? If Washington bails out the cities, who is going to bail out Washington? Can you hear the rattling of more debt chains coming — for you and your children’s children?

People talk about government “incompetence” in this type of situation, and “fiscal irresponsibility.” This is not ignorance or incompetence. This is blatant fraud.

So what can we do? Walter Burien (http://cafr1.com/Articles.html) has been working on exposing the CAFR scam for the last 20 years, and has worked out a brilliant solution with the following steps:


1. Publicize the truth of the money available.
2. Put the money to work for the people who funded it — that’s you!
3. Use the millions and billions in the government’s true asset funds as an endowment for the community.
4. Replace taxation with this investment fund as the source from which to meet community needs.

Burien calls this approach the “TRF” — Tax Retirement Funds — because that is just what they do: phase out and terminate the need for taxes.

Does all of this sound impossible? For a glimpse at a similar scam — a tip of the iceberg, check out the California state parks department getting caught just last year (http://www.mercurynews.com/ci_22242926/new-audit-finds-california-state-parks-has-more) with $54 million squirreled away while claiming they needed to close parks.

Please help spread the word, demand truth from your representatives and press your local papers or radio and TV channels to cover this.

You can access state CAFR reports here (http://cafr1.com/listings/Listings.html). We also encourage you to sign up in our Solutions Hub (http://www.thrivemovement.com/solutions-hub) — simply click on “Find a Group” to search for others in your area who may be interested in working with you on CAFRs. If there aren’t any people listed in your area, consider registering a new group (http://www.thrivemovement.com/solutions-hub) and make sure to list “CAFR” as your group focus. We will be updating the Solutions Hub to be more effective in the coming year — for now it can be a useful resource to connect with others.

Let’s take this tragedy and use it to inform how to take our power back!

SOURCES

--Detroit: The Latest Bankruptcy Lie (http://realitybloger.wordpress.com/2013/07/20/detroit-the-latest-bankruptcy-lie/) by Clint Richardson
--Warning to all Police, Firefighters, Schoolteachers: Most Government Pensions to be Confiscated Within a Decade (http://www.naturalnews.com/041298_unfunded_liabilities_retiree_pensions_gover nment_confiscation.html) by Mike Adams
--Walter Burien’s Website (http://cafr1.com/Articles.html)
--Walter Burien explains the CAFR (http://www.youtube.com/watch?v=jkwjtbTjTsE&feature=youtu.be)
--Taxpayers Strike it Rich? (http://www.thrivemovement.com/taxpayers-strike-it-rich-with-cafr-foster-gamble.blog) by Foster Gamble




http://www.youtube.com/watch?v=-Pvr-eN7Eu8

posted by turiya :cool:

[turiya]

Ending Taxation - The Only Game in Town - 2011 - Walter Burien - CAFR1

Uploaded on Oct 31, 2011
About CAFR1 - Government's Wealth Exposed

Government now owns it all by investment!
1. What is Taxation? ANS: A revenue source.
2. What is Investment Return? ANS: A revenue Source.
3. What do Enterprise operations do? ANS: Generate a revenue Source.

ANSWER to the Big question of ending taxation?
ANS: Use 2 & 3 to knock out #1

TRF management teams can eliminate taxation one venue at a time.
* Pension management accounts are established to pay salaries and benefits at retirement from the investment return generated.
** TRF management accounts are established to pay local government (City; County; School District; State) general purpose operating costs from the investment and Enterprise return generated. Taxation ended!

Ready to make it happen? If the answer is yes, then pass the WORD and let the cognitive thinking for effective application of the TRF begin!
"The Only Game in Town - 2011" is the only game the population should be playing; The path to ending ALL taxation!



http://www.youtube.com/watch?v=bn3hUcmNDdA&feature=share&list=PL120C35610F719BCD
Ending Taxation - "The Only Game in Town"
The way our government can and should be. (UPDATED)

The documentary "The First Cut" was uploaded to YouTube on October 31st 2011 and is a video that is essential for viewing by every responsible American. The "Final Cut" should be finished in 2012. It can be viewed on the CAFR1 YouTube account but should "not" be copied and posted elsewhere other than using the "embedded html code" to play. Please direct for viewing of the documentary to the link or embedded html code maintained here and placed on a site webpage elsewhere.

When watched you will realize this documentary must be viewed by as many Americans as possible and viewed by them as soon as possible. The big picture will come into clear view and then the course of action will be very clear also.

People in the business and financial community need to see this documentary. The "good" Guys and Gals running for public office also.

The copy uploaded to YouTube is a mid resolution file to play where stopping play to let load will not be that frequent. If the play does stop, hit the "Pause" button on the player and let load for a while and then when the "Play" button is hit it should play uninterrupted. (the mid-size file was 392 megs)

Per regaining control of our government where "all" Americans truly benefit, what is brought forward is not "a" solution, it is "the" solution going forward for centuries.

Please share the link for viewing with all that you know.

This documentary will fill in the biggest piece of the puzzle that has eluded view by the public, intentionally done so by a control structure out of self interest for over a 100-years. No longer will the population be left in the dark or be "the mark" for the controllers with the release of this video and the comprehension learned through it.

If you have an email list for AARP, Financial Planers, Education Groups, News Services, Member Associations of Firemen - Police - Teachers - Military - Taxpayers, please send the link for all of them to view. The more Americans that see this documentary the faster corrective action will com to play. So please help accomplish massive viewing of this documentary from Coast to Coast.

After viewing the please don't forget to click "Like" and comment on the documentary. Additionally there is no reason that this video will not exceed five-million views worldwide in the next 30-days. Make it happen!

Released FYI and for your community, State, and national action by Walter Burien - CAFR1.com

posted by turiya :cool:

[turiya]

Karen Hudes: U.S. Has to Come Around to the Rule of Law

A cross-post from another thread (http://projectavalon.net/forum4/showthread.php?65247-Karen-Hudes-interview-with-Kimberley----Solution-suggestions-from-World-Bank-Whistleblower&p=759393&viewfull=1#post759393):
At the 25:32 mark, Karen brings up the CAFR (http://en.wikipedia.org/wiki/Comprehensive_annual_financial_report) scamming that has been going on.



http://www.youtube.com/watch?v=Dm9aYJnEOzo

Published on Nov 7, 2013

Whistleblower Karen Hudes says, "The U.S. has to come around to the rule of law. . . . and we are on track with a 95% likelihood, and that is why I think the dollar is not going to tank." Join Greg Hunter of USAWatchdog.com as he goes One-on-One with former Senior Counsel for the World Bank, Karen Hudes.

turiya :cool:

[turiya]

CAFR1 REPLY TO MICHAEL - 11/16/13 (http://cafr1.com/knowthescore.html)

An individual from NC has been communicating with me saying he thinks he can easily get his local News Paper reporter to do a comprehensive feature story on the local government CAFR.

As a "know what you are dealing with" reply per the #1 best step to take, I sent him the following.


http://cafr1.com/Pictures/See-No-Evil-Speak-No-Evil.jpg
See No Evil-Speak No Evil

Know the Score per the News Media making "Simple Mention" of the CAFR
by Walter Burien - 11/16/13

The News paper saying they receive the CAFR each year? (Local Government's Annual Financial Report)

They are not going to confirm.

To see who gets it, the mail rooms of the audit / financial department of each state will keep records of the hard copies sent out (it is an expense item being each printed report has a cost). Getting them to cooperate with you giving you access to their mailing list of who gets the CAFR is another issue.

The Arizona Republic News Paper (largest in AZ) back in 1995 a reporter at my prompt from the same asked face to face his editor if he had ever heard of the CAFR? He said no. I then had the reporter check the mail room of the AZ Treasurer's Office and confirm his editor had received by mail the CAFR each year for over 10-years. The reporter asked me why his editor would lie to him? I told him: This is the biggest game in town. His editor is briefed to make sure his reporters "don't go there". If you told him you just found out about the difference in the cash receipts, investment holdings, etc. and were going to write a feature article about it, he would say: No you're not, your writing a story about buterflys in the Amazon, here's you're ticket. If the issue was pushed, that reporter would find himself not working for the paper and blackballed in the industry. (the syndicated side of it)

** Simple and open mention may sound simple but it is far from it. Kinda a like a flower-shop owner who is a front for the Columbia Cocaine cartel and the flower-shop is a distribution point for cocaine shipments in his state mentioning his cocaine deliveries in open public forum. Number one: He would find his flower shop shut down, number two: In most probability he would also probably disappear after a bullet to the back of the head or a wire neck-less applied.

For twelve-years I have told many (thousands and hundreds of thousands through many radio programs done) from across the country to get their local paper or TV News talking head to ask one simple question: "Will the viewers (or readers) please review their local government City, County, State, School District CAFRs and get back to me with comment". To date not one that I am aware of has done so. All sidestep or cut off from doing so. The favorite response they give is: I will look into it and then never a mention.

Get that point clearly registered in your head, don't waist you're own time or others, and stick to the sniper shot: Open and simple conspicuous mention for "people to look" and get back with comment.. (the syndicate has gone far out of their way for over 65-years to make sure people do not look due to the money and power involved)

In the last 15-years I have seen two articles from the "syndicated" press that mentioned the CAFR. Both drafted their articles in a way where the reader would not have a clue, and focused on debt / liability. No mention what-so-ever as to true "gross income" and massive investments held as shown within.

The "independent media" has had many feature cover articles on the CAFR and the independents with large visibility were then targeted to be silenced. All were. Here is one example of a big one: WND (World Net Daily) which had millions of readers. They released four feature articles back in 1999 - 2000. One good one by their editor Joe Farah. Millions saw them. Based on that exposure, then steps were taken at that time by the syndicate to pull the financial rug out from under WND, buy them up and in 2001/2 did. There headquarters were shut down in Oregon and moved to DC never to mention the CAFR again. Including never a mention again by Joe Farah..

The 4 articles can be viewed from the WND archives - http://www.wnd.com/?s=CAFR&submit.x=0&submit.y=0

The "Spotlight" major cover features in 1999, taken out in 2000 with a 35-million dollar court judgement levied against them to be forced into bankruptcy and dissolved.

"Media Bypass" cover feature beginning of 2001, taken out through buyout by the syndicate and shut down the end of 2001. http://CAFR1.com/Pictures/M_Bypass.JPG

"Idaho Observer" several feature articles, the editor and owner Don Harkins, dead two years later of a quick killing disease (in most probability a covert hit) and paper dissolved - https://www.google.com/search?q=Walter+Burien&btnG=Search&domains=proliberty.com&sitesearch=proliberty.com

One ABC TV News anchor from Phoenix in July (I think the 5th or 7th) of 1995, I challenged her to make open and conspicuous mention of the CAFR on the 10PM evening News (was a segment on AZ Militias). I told her she could not mention it to her producer or he would cut it. So, on the 10PM evening news she made open mention. Started off with the comment: "The Militias of this country are working on exposing massive financial issues involving this report, the CAFR" and then gave a 10-second full camera shot of the AZ 1994 State CAFR cover. Well, at 7AM the next morning the 10PM news would air again. That segment was cut, and two days latter she was no longer an anchor never to be seen on the air again that I am aware of.

REALIZE WHAT THE HELL you are dealing with as to scope and size and again: GO FOR THE SIMPLE SNIPER SHOT!

Walter Burien - CAFR1.com (http://cafr1.com/)
P. O. Box 2112
Saint Johns, AZ 85936

Tel. (928) 458-5854
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posted by turiya :cool: