SAGE WORDS FROM THE GURUH OF CAFR'S, WALTER BURIEN
October 27, 2011,
Vatic Note: (Check out the footnote at the end of his response to see how to read a CAFR report.) This below is in answer to a question from a viewer of Walters. It was so important I decided to blog it. Please read and take heed. Walter was the very first to notify us of the existance of CAFR's through his great video "The Biggest Game in Town", and since then, we have discovered now why gov agencies file as for-profit corporations.
Watch this video and have a pen and paper ready to write down these figures he covers in your state if you live in either NJ or NY. Trust, me this is the case with your local city, county, town and state. You can find it yourselves. How to read the report is below in the footnote:
So now, they are corporations accountable only to their boards of directors. How is that possible??? Its why their revenues from various sources do not have to be used in budgeting determinations and the burden then falls squarely on the Taxpayer. Wrong. We must get control of those funds back to the taxpayer. The WS bankers make millions off trades for the various governmental agencies so they are not about to let them go without a fight. So if your town, city, county or state is threatening bancruptcy then check out and get a copy of their latest CAFR and check it for unrestricted funds in liquid condition. If they are there in the millions, then take the report to the bancruptcy court and contest the filing. If they succeed in getting a judgement for bancruptcy they can sell off the public lands, forests, etc, sell oil drilling rights, resource digging for gold, silver and other resources in order to satisfy the creditors. We should fight that to the death.
Watch this video and have a pen and paper ready to write down these figures he covers in your state if you live in either NJ or NY. Trust, me this is the case with your local city, county, town and state. You can find it yourselves. How to read the report is below in the footnote:
So now, they are corporations accountable only to their boards of directors. How is that possible??? Its why their revenues from various sources do not have to be used in budgeting determinations and the burden then falls squarely on the Taxpayer. Wrong. We must get control of those funds back to the taxpayer. The WS bankers make millions off trades for the various governmental agencies so they are not about to let them go without a fight. So if your town, city, county or state is threatening bancruptcy then check out and get a copy of their latest CAFR and check it for unrestricted funds in liquid condition. If they are there in the millions, then take the report to the bancruptcy court and contest the filing. If they succeed in getting a judgement for bancruptcy they can sell off the public lands, forests, etc, sell oil drilling rights, resource digging for gold, silver and other resources in order to satisfy the creditors. We should fight that to the death.
Question: "While local/state/Fed Govt has trillions invested in what I assume are the companies/bonds listed on the global stock markets, what happens if/when the stock market crashes? Given the state of global financial affairs, a crash is not so unreasonable."
Walters' Answer:
People have been in the dark for decades per the markets. In reality it does not matter up or down per the traders trading the markets. The impact is on the economy.
People have been in the dark for decades per the markets. In reality it does not matter up or down per the traders trading the markets. The impact is on the economy.
For the traders they can take a position "Long" or "Short" and make just as much money in either direction. The problem we have now with the economy was almost 100% due to greed and opportunity when about 25 to 30 trillion dollars was sucked out of the global markets at the end of 2008.
Large institutional fund managers know 85% of the public only think, and are expertly conditioned to think they need to buy first; price goes up, and they sell to make a profit. The reality is the institutional government fund managers in a symbiotic relationship with government administration create situations to get the public to buy on highs sell on lows cutting their you know what off leaving them crying on the curbside. The massive money is made quickest on short term violent collapses.
Having traded for 33 years the turning points are triggered by two scenarios:
1. Everyone from the public gets screwed on a massive collapse where public participation dries up and time to buy.
2. Everyone from the public gets baited to buy at a top thinking and being promoted to the "sky is the limit" and time to sell.
The key point here: There is no random movement; fundamentals and in most part they can be thrown out the window. The trillion dollar government institutional accounts roll the markets back and forth going "Long" or "Short" at their whim grabbing massive amounts of cash in both directions. In doing so they liquidate everyone else of their wealth to the tune of a few trillion dollars a year.
Statistically some from the public get lucky in the rare occasion for a time, but in end result 98% loose some or most of their money getting baited back and forth through "Promoted" events; reports; political statements; circumstance; etc. all contrived for the purpose of wealth transfer and the public are the minnows and the government institutional funds are the sharks that consume the minnows at will. Statistically in stocks 75% of the public looses and in Futures (derivatives) 99%.
A statistical view of what the government domestic and global managed accounts take out of the global markets in collective totals establishes the theft from the GP (General population). It is an even match of money liquidated from the GP as to what transfers to the government global accounts..Stable, directional, and profitable playing fields for the GP are good for the GP but orchestrated collapses and run-ups are very profitable to the government institutional accounts
As we all know the government players took as much as they could by taxation from the GP and you can be assured they also take as much as they can from the GP through the market trading activity. As of 2000 investment return for collective government exceeded taxation when looking at gross income. Greed and opportunity prevails at the cost; expense; deprivation of the GP.
I let people know how to correct this market playing field through the restructuring of government investment management through the TRF that makes the public the "First Line Beneficiary" ending taxation but it appears the GP is all to well masterfully entertained to notice the fix for them is at their finger tips and on a silver platter if comprehend and they truly fight for it to make it happen.
The Market commentaries; focus on government reports; and soundbites about the economy are designed to bait in the minnows into the feeding grounds. Normally the trap is to give the public a profit for several weeks or months to a year depending on circumstances and then strip it all away in a few weeks if not days. The TRF groups all the minnows together in their benefit to make them the biggest shark in the ocean that all of the other sharks are then forced to follow as well as creating stable and directional markets in a now thriving economy.
Under the current circumstances to be in that 1% you make your moves based on examples 1 & 2 above not promoted "Bait traps".
Per the stock market outside of the ups and downs, keep in mind collective government is the #1 holder of the market physical holdings. In end result they will keep the value of their physical book values in the black in end run as they take massive extra cash from their orchestrated ups and downs, going short through derivatives on the downs and long on the ups..
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Tel. (928) 458-5854__________________________________
-------FOOTER NOTE------
Per understanding CAFRs, people have been intentionally kept in the dark so long they forget the basics:
1. A "Budget Report" is a selective funding of x accounts from x resources (set up to be primarily funded with taxation and done so "for the year")
2. An "Annual Financial Report" is the showing of "all" income: Investment; taxation; and Enterprise, plus the "accumulated wealth over decades. Budgets are for the year, an AFR is for it all since creation of the entity.
There is a big difference between the two. A correct analogy would be: The budget to operate your house vs. your statement of net worth.
The public has been played with the biggest shell game of selective presentation there is allowing for massive fortunes to be made by the inside players over the last several decades..
Every investment fund large and small is a power base. Where that money is invested determines what company; real-estate venture, etc., is made or broken. Thus in line with that, never a mention of the 184,000 AFRs of the corresponding local governments..nor the many thousands of specialty investment funds they contain. I note gov pension funds facilitate the same. Paying employee benefits from the return on the funds is an after thought for the government players.
The head communists back in the 30's and 40's said they could take over America without firming a shot. The undercurrents of that statement were that they could depend on the greed and opportunity of the players to accomplish that goal and it did. US Collective government since 2000 brings in more gross income than the entire gross income of the population of the United States.
Taxation is rammed down the public's throat (1/3rd of the gross income) and Investment / Enterprise income (2/3rd of the gross income) the "silence is golden" rule is strictly enforced with the full symbiotic cooperation of the syndicated media; controlled education; and both political parties as applies over the last century.
Walter Burien - CAFR1
P. O. Box 2112
Saint Johns, AZ 85936
The article is reproduced in accordance with Section 107 of title 17 of the Copyright Law of the United States relating to fair-use and is for the purposes of criticism, comment, news reporting, teaching, scholarship, and research.
1 comment:
You've got it backwards. CAFRs let politicians lie about how deep into debt they are digging us. CAFRs let them hide liabilities until they have enriched themselves and fled, leaving the tab for somebody else to pay. They use this to dupe The People, public workers and suckers buying municipal bonds. But we can force them to be honest. Here's how:
http://www.franklincenterhq.org/2778/commentary-occupy-wall-street-should-occupy-gasb/
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