A scandal beyond our imagination! Bard "The condition upon which God hath given liberty to man is eternal vigilance, which condition if he break, servitude is at once the consequence of his crime----and the punishment of his guilt." -- John Philpot Curran (1750-1817) ----- Original Message ----- From: "Spiritual Piglet" <[EMAIL PROTECTED]> To: <mailto:Undisclosed-Recipient:@mailcore2.oh.voyager.net> Sent: Saturday, July 01, 2000 10:54 AM Subject: [ChristianPatriot] CAFRs The BIGGEST Secret - $60 Trillion Invested By Fed, State, And Local Gover > CAFRs: The BIGGEST Secret - $60 Trillion Invested By Fed, State, And > Local Governments!the importance of this CAFR scandle is beyond > imagining. the more people that are aware of this, then the more > pressure we can bring to bear on the manipulators. > > SP > [EMAIL PROTECTED] > > > http://www.sightings.com/general2/bigsecret.htm > > > Rense.com > > > CAFRs: The BIGGEST Secret - > $60 Trillion Invested By > Fed, State, & Local > Governments! > 6-30-00 > > > Reported - but for all purposes HIDDEN from American taxpayers - > Local, State and Federal governments currently hold about 60+ trillion > dollars of profitable investments in real estate, pension funds, > insurance companies, liquid investment funds, bond financing accounts > and corporate stock portfolios (32 Trillion) over 53% of America's > stock market, and a large percentage of the international stock > market, etc., are all revealed in their required filing of CAFRs > (Comprehensive Annual Financial Reports) and noted reports therein. > > Walter Burien, who has been blowing the whistle on this gargantuan > scam, says, "Americans OWN the majority of America's WEALTH and don't > know it." With the profits rolling in from international investments, > you now know the true motive behind NAFTA and GATT. > > * Calling it "risky" to allow taxpayers to invest a tiny 2% of their > social security in the stock market is laughable when our governments > ALREADY have 32 Trillion dollars invested in the same "risky" domestic > and international stock markets! > > * The Six Trillion plus "estimated surplus" going into the year 2004 > announced by Clinton is also laughable compared to the additional > trillions of "surplus" earnings being added yearly to government > composite CAFRs. > > * If those hidden assets are revealed and used, the Social Security > and Medicare Trust Funds will never run out. > > * When Orange County lost a little over $1 billion in derivatives > investments, they were crying "poverty" and threatening to shut down > schools, police would have to be laid off etc. However someone dug > into the Orange County CAFR and found out that the county had about > $16 billion in profitable investments! The county, from their > profitable liquid investment funds / cash position could have > continued performing the same services, without collecting one dime in > taxes, and could have done so for another 11.9 years from the existing > funds prior to running out of money! The crying stopped. > > * While he was a Mayor, Jesse Ventura's city council wanted to raise > $360,000 in taxes to cover a short fall on their "city budget for > schools." Ventura objected when he discovered the city owned > $48,000,000 in idle investments funds from which the $360,000 could be > drawn from without raising taxes! > > * Burien estimates that the yearly earnings on the composite CAFR > investments and venture/enterprise projects are so enormous, ALL taxes > in most communities in the United States could be phased out and > eliminated in the foreseeable future. For example, Property Taxes... > Burien informed me that In Mesa, Arizona, the Mormons running the City > government have structured to use their CAFR earnings. On a $230,000. > home in Mesa, owners pay only $230. a year, and the city offers the > best services to it's residents by operating the majority of city > functions from the return from the investment funds. (cities > investment fund totals, 1998, 1.7 billion dollars, yielding about > $225,000,000.00 which when applied, eliminates the need for forced > taxation! This is BASIC 101 application, so why don't we hear about > it? I don't think I have to answer that question, the answer is > obvious, Control, Greed, Power Mongering, Empire Building for the > inside Players!!! > > Starting as of September 8, 1998, Walter Burien, a prior Commodities > Trading Advisor, has been exposing the CAFR, the BIGGEST FINANCIAL > SCANDAL in U.S. HISTORY, going on for over 55 years starting in 1945. > > Participating in the Comprehensive Annual Financial Report (CAFR) > double book accounting strategy which reeks with scandal, are nearly > all Federal, State and local governments, earning unreported on the > traditional Budget Reports hundreds of billions each year held in > separated from the "Budget" slush funds. The CAFRs are mostly > controlled by about 40 international investment management companies. > For example, in 1998, Burien found: > > 1. Stock ownership, composite totals...............= to: $32 Trillion > + 2. Insurance Company equity participation..... = to: $8 Trillion+ 3. > Bond surety investment accounts................. = to: $5.5 Trillion+ > 4. Totals from all liquid investment funds........ = to: $60 Trillion > > -------------------------- > > The following interview with Walter Burien is from The SPOTLIGHT > newspaper of May 8, 2000, published in Washington, D.C. > > Page 12.... (Following the article below you will find a large number > of URLs, with brief summaries, giving additional information about the > CAFR scandal. > > Secret Government Slush Funds WorthTrillions Of Dollars Not Reported > By Major Media > > For the last two years, The SPOTLIGHT has been reporting on the > investigative work of veteran commodities investment advisor Walter > Burien (originally of New Jersey, now based in Arizona) after Burien > first appeared on Radio Free America, The SPOTLIGHT'S weekly call-in > talk forum with host Tom Valentine. > > What follows is a transcript of the interview with Burien. Valentine's > questions are in boldface. Burien's responses are in regular text. > > A transcription of your first appearance on Radio Free America was > published in The SPOTLIGHT on June 29, 1998. Since that time, you've > been heard on other forums all over the country. > > Some 35 million people across the country have started to catch wind > of the reality of the name of the game. There are action groups > starting all over the country working to pull the plug on what I call > "the boys." > > Please summarize what the Comprehensive Annual Financial Report (CAFR) > scandal is all about. > > I'll start off with the No. 1 basic point, that I learned 10 years > ago. Up until I learned about the CAFR and the true revenue structure > of government, I always thought that government survived only through > income from taxes, fines and fees. I thought that 100 percent of > government revenue came from these sources. > > However, when I started looking at the revenue flow as documented in > the CAFRs, I saw that only one-third of the government's revenue comes > from taxes, fines and fees. > > Two thirds of the revenue comes in from the return on the investment > funds, enterprise (profit-making) projects which have no tie with the > budgetary basis and venture projects which they have established. > > The budgetary basis of government operates almost 100 percent from > taxes, fines and administrative fees. > > However, the budgetary basis is simply their annual operating costs. > What they fail to include for disclosure to the public are the decades > and decades of invest- merit wealth that is building up, such as New > Jersey's Garden State Parkway and the Port Authority of New York-New > Jersey, which generate billions and billions of dollars not one dollar > of which goes back to support the budgetary basis of the state of New > Jersey for example. > > The bottom line is that the public left the vault door open. > > --------- If the public gets together and focuses 100 percent and > unifies on this issue, taxation can be eliminated in its entirety in > most places around the > country. ------------------------------------------------------------- > ------ > > Yet, the public Is constantly being asked to pay more new taxes to > maintain the operating budgets of their states, counties and cities, > not to mention the federal government. There's a lot of money there > that people don't know about, and much of it is invested in the stock > market. > > The truth is that the government is the stock market. Approximately > $32 trillion is invested by government entities in the equities > market. > > If people were to quiz the state of New Jersey, as your example, about > all of this money that they have stashed away in investments and other > slush funds, wouldn't the state respond by saying, "Well, it's our > responsibility to preserve and protect this money for the people's > futures." > > If you approached Al Capone and asked him about the billions of > dollars he made in his racketeering activities, he would respond, > "Well, I have a fiscal responsibility to protect that money." Capone > also made sure to keep his criminal funds separate from his legitimate > businesses. He had two sets of books.. That's what the CAFR scandal is > really all about: The fact that governments keep two sets of books and > don't tell the taxpayers about it. > > Yes, it is a matter of non-disclosure. But now that people are > starting to learn about it, they are doing something about it. > > The thing to remember is that the major media are in 100% partnership > with government in regard to non-disclosure of this "two-sets-of > books" setup in which trillions of dollars in investments and > government-sponsored money-making enterprises continue to make vast > profits, even as the taxpayers are being asked to pay more in taxes to > maintain the budgetary basis of government which is maintained > separately. > > People have sent certified letters to local newspapers and news > programs asking that conspicuous mention be made of the CAFR This has > happened all over the country and in virtually every case there have > been refusals except in a few small, privately-owned newspapers. > > There are 54,000 different state, county, local government entities, > including school districts, public authorities, etc. There are > probably less than 200 different firms or money managers who are > handling about 95 percent of all of the funds invested by these > government entities. There are probably 40 "megabrokers" involved at > the top. > > The managers who are handling thousands of different government > operations could network together and use those funds to take over a > corporation or industry group. The insurance companies are holding a > phenomenal amount of government investments. > > A lot of people hearing this for the first time might be inclined to > say "Oh, this can't be true," (particularly if they haven't > investigated for themselves). But many people have heard about the > infamous bankruptcy of Orange County, Calif. What they haven't heard > is the truth about that bankruptcy. Please tell us about it. > > Well, Orange County lost a little over $1 billion in derivatives > investments and they were crying "poverty" and threatening to shut > down schools, and that the police would have to be laid off etc. > However someone dug into the Orange County CAFR and found out that the > county had about $16 billion in profitable investments. > > Anthony Hargis, an economist from California, has looked at the CAFRs' > cash position and liquid investment assets, and he had determined how > long a government can operate without plucking one dollar from taxes, > fines or fees and still perform the exact same services from their > existing cash position. > > At the time Orange County was crying poverty, Hargis determined that > they could have gone on for another 11.9 years without collecting one > dime in taxes and still be be able to perform the same services before > they ran out of money. > > Most government officials, when confronted, play the "mute" routine > and say they haven't heard about the CAFR or the questions that are > being raised, or they say, "Well, I'LL look into it." > > The bottom line is that the game for the last 35 years was not > disclosing this principle of governmental operation. > > The CAFR was created by a group called the Government Financial. > Officers Association (GFOA) in 1940. The city of New York was one of > the first large entities to compile a CAFR, roughly in 1951. In 1981 > the federal government mandated that all local governments have to > prepare a CAFR or, in the alternative, a Combined Financial Statement. > Both end June 30 of the year. > > The federal government was having a hard time tracking down the > revenues fro local governments because there were a lot of games being > played. So they consolidated things into a standard reporting basis. > > Since we started exposing the CAFR two years ago, the GFOA has changed > the policy on the CAFR for the combined financial section. Prior to > 1999, the government entities had to report all of their revenues on > the combined financial column. They've now changed it to where the > government body has to report all revenue necessary to meet > obligations. > > What it comes down to is that you have an interlocking syndicate of > "the boys" who are controlling all this wealth. The more wealth they > control, the more powerful they feel. > > There is something we can do about all this. > > There is corrective action that can be taken. If the public gets > together and focuses 100 percent and unifies on this issue, taxation > can be eliminated in its entirety in most places around the country. > In fact, a situation can be created where, with prudent management in > government, citizens could actually start receiving dividend checks > from their respective governments. > > I hear the words "conspiracy" used in reference to this and people > refer to these hidden funds as being "stolen," but really the fact is > that the public simply left the vault door open. However, most people > would still say, "Huh? What vault?" Picture what would happen in your > hometown if the local bank left the vault door open and all the cash > out and the front door to the bank open. > > If a thousand people walked by, some people would try to close the > door to the bank. A lot of people would call the bank and tell them > that they had left their door open and the cash unguarded. > > All it would take would be for five individuals out of the 1,000 > walking by to say, "Well, everyone is talking about the door being > open. Let's just go in and grab the money and run." The public has > allowed that five out of 1,000 to step in and take over. > > (End) > > ---------------------------------------- > > (The following is from an inset box bottom of first page)... > > Valiant Patriot Just Won't Give Up > > Walter Burien has documented beyond question that thousands of > billions of dollars are in state, local and federal government > investment slush funds that have been kept secret from the taxpayers, > even as taxes are being hiked and citizens are being told to expect > less in government services. Burien determined and has proven that all > of the evidence of such funds can be found in official government > reports, known as the Comprehensive Annual Financial Reports (CAFRs). > > Stimulated by Burien's revelations, citizens across the country have > begun to procure and inspect their own respective state, county, city > and school district CAFRs for themselves and are discovering vast > amounts of money that the taxpayers in those communities have never > been told about by their elected government officials. > > Thus far no one anywhere has been able to refute Burien's allegations > and, at the same time, public officials and the mainstream media have > almost unanimously refused to address the issue when challenged > > Previous SPOTLIGHT reports on Burien's work have appeared on June 29, > 1998, Aug. 17, 1998, July 26, 1999 and Nov. 8, 1999. A packet of > photocopies of all of the previous articles on Burien's CAFR > investigation can be ordered from The SPOTLIGHT for $10 by writing: > > The SPOTLIGHT, 300 Independence Ave., SE, Washington , D.C. 20003. > > Burien returned to RFA on March 26 and provided Valentine with an > update on his activities and announced the availability of a new > videotape which summarizes the CAFR scandal.. The video tape is > available for $14 from CEVI, P.O. Box 11444, Prescott, Ariz. 86304. > Burien has released all rights to the video and is encouraging people > to reproduce the video at their own expense. Burien may be reached by > email at [EMAIL PROTECTED] > > -------------------------------------------------------- > > (Following are URLs with additional information on the CAFR > scandal)... > > Biggest Financial Scandal (CAFR) in US History Revealed on TV... > 1-6-2000 News Release from Walter Burien carried on Jeff Rense's > SIGHTINGS website. Dayton, Ohio DATV aired expose Jan. 12, 21, and 28. > Program will also air in Cincinanati and Columbus, Ohio. "THE BIGGEST > GAME IN TOWN." "Americans OWN the majority of America's WEALTH and > don't know it." > > > This URL for complete report: > http://www.sightings.com/politics6/scandal.htm > > CAFR SHOCKER - TRILLIONS Said Hidden By Cities, Counties, States, And > Feds... 12-13-98 Reff Rense SIGHTINGS website interview with Walter > Burien about the Comprehensive Annual Report scandal. Some highlights: > * As a Mayor, Jesse Ventura, when his city council wanted to raise > $360,000 in taxes to cover a short fall on their "city budget for > schools" Ventura objected when he discovered the city owned > $48,000,000 in investments funds. * "Poor"Arkansas... state, cities > and counties have composite investments of 26-28 Billion. State cash > EARNINGS alone in 1996, 1.9 Billion. * For a comparison, the personal > income from everyone in the USA (pre tax 1996) is = to 6.5 Trillion. > At time of this 1998 interview Burien discovered our governments held > 60 Trillion + of profitable investments, earning multi-Billions of > dollars.. for all intents and purposes hidden from the public. > > > This URL for complete interview: > http://www.sightings.com/ufo2/cafr.htm > > State, County, And Local Governments Hide Trillions - CAFR Update... > On Jeff Rense's SIGHTINGS website 6/7/99, an updated report by Walter > Burien on the (CAFR) Comprehensive Annual Financial Report scandal. > Some highlights: * 1997 state of Texas composite governments owned > investments of 8.3 Trillion.... $275,000 in surpluses for every man, > woman and child in the state. * Nationally... Composite Governments > funds now own 71% of Xerox Corp., 41% of AT&T, 57% of Motorola. * > Composite government pension funds = 28 trillion dollars. > > > This URL for complete report: > http://www.sightings.com/politics2/hidetrill.htm > > States Hide Trillions of Dollars By Keeping Different Sets of Books... > Another article with Walter Burien explaining the (CAFR) Comprehensive > Annual Financial Report scandal in THE SPOTLIGHT of 6/12/1998, > reprinted on Jeff Rense's SIGHTINGS website. Some highlights: * 53% of > ALL outstanding stocks are owned by government. The Government IS the > stock market. * In 1989 New Jersey there was a (needed?) 2.8 billion > tax increase. But NON DISCLOSED to the public was how much cash the > state brought in that same year: $86,775,380,712. Nearly 87 BILLION > earnings in their CAFR. * Through these investment funds, government > has been taking over "private" insurance and medical firms, etc. * The > CAFR as a slush fund? Burien gives this example: "You call me up and > say: "My brother needs a $49 million unsecured loan in Argentina for a > sugar cane development energy project," and I'd have a > loosely-connected subsidiary company make the loan. Your brother > defaults on the loan and walks away with $49 million and the company > writes it off. The payola that takes place here is unfathomable. Any > politician anywhere can be paid off anywhere around the world." > > > This URL for complete article: > http://www.sightings.com/politics4/statehides.htm > > Government-Owned Cemetary Management... Walter Burien special report > on the (CAFR) Comprehensive Annual Financial Report scandal carried on > Jeff Rense's SIGHTINGS website 10-12-99. * Hundreds of billions of > dollars have been hoarded and squirreled away under Government owned > (city, county, state and federal) Cemetary Plot Trust (pension) > management. > > This URL for complete report: > http://www.sightings.com/politics5/gvtcemetary.htm > > > THE STATE OF ARIZONA HAS AT LEAST $13.45 BILLION IN POTENTIAL > SURPLUSES... May 2000 report by CAFRman ( www.CAFRman.com ). From the > extensive CAFRman website. With accompanying charts from Arizona's > CAFR, CAFRman points out that because this HIDDEN (from the public) > slush fund exists, any cutbacks of services or tax increases are > totally unnecessary! This does not include the other potential > surpluses of school districts, cities, and/or counties in Arizona. > Totals are much higher than the state's $13.45 Billion. > > This URL for complete report: > http://www.cafrman.com/Articles/Art-AZ-S1.htm > > > Comprehensive Annual Financial Reports... By Walter Burien with a > forward by Al Adask of Anti-Shyster. > > An amalgam of implications raised by Mr. Burien on the CAFR scandal > from telephone messages to Adask, Radio interviews with the > SPOTLIGHT'S Tom valentine, Burien's Email, and an article on Mr. > Burien written by "Betsy Ross." Some highlights: * Arizona in 1997, > reported an Annual Service Budget of $5.5 billion while the state's > CAFR (printed by the Auditor General's Office) showed total gross cash > receipts of $17 billion. That's a difference of over $11 billion. * > CAFR reports indicate that the composite totals for all government > (Federal, state, county and city) ownership of publicly traded stocks > exceeds $32 TRILLION (53% of the total ownership of all listed > stocks), $8 TRILLION in insurance company equity (should we be > surprised by high priced mandatory auto insurance or unaffordable > health care?) and $5 TRILLION in Bond Surety Escrow Accounts for > future liability of existing or potential debt. > > > This URL for complete report: > http://www.financialprivacy.com/comprehe.htm > > The Citizens Investment Trust Account (CITA) - From Walter Burien... > An initiative Burien wrote for the city of Prescott, Arizona for the > better use of the (now hidden) CAFR surpluses and reduction of taxes. > Can be utilized for other Cities, Counties, or States. Reported on > Jeff Rense's SIGHTINGs website 6/19/99. > > > This URL for complete report: > http://www.sightings.com/politics4/cit.htm > > Additional letters, reports, including the CAFR of North Carolina... > Some highlights: * The net for HIGHWAYS (alone) shows collections of 1 > Billion, 851 million, 464 thousand, 315 bucks. Question is where is > all the money going? > > This URL for complete report: > http://www.coolmedia.net/ice/cafr-b.html > > > Financial Reports of the United States Government... Consolidated > Financial Statements for the Years 1995 through 1999. > > This URL for complete report: > http://www.fms.treas.gov/cfs/index.html > (Read the last section first. See what is excluded from the report) > > > U.S. Comprehensive Annual Financial Reports - CAFRs By states > > These URLs for complete website: > http://financenet.gov/state/cafr.htm > http://financenet.gov/state/reports.htm > http://www.rutgers.edu/Accounting/raw/gasb/rlinks/index.html > > Excerpts from another SPOTLIGHT article > > on Walter Burien and the CAFR (Comprehensive Annual Financial Report > scandal). Some highlights: * Governments Awash in 'Secret cash." * > Massive fraud against the American people. Untold trillions of dollars > are being invested by various government bodies both state and local > without any mention of these investments to the public at large. > > This URL for complete report: > http://www.coolmedia.net/ice/cafr-c.html > > > > > MainPage > http://www.rense.com > > > > > This Site Served by TheHostPros > > > ------------------------------------------------------------------------ > Explore the popular High-End Room - > Go To Where The Smart People Shop-uBid.com > http://click.egroups.com/1/6141/0/_/505504/_/962474969/ > ------------------------------------------------------------------------ > > The government only has as much power as it's citizens give it. > <A HREF="http://www.ctrl.org/">www.ctrl.org</A> DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substance—not soap-boxing—please! 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