-Caveat Lector- Subject: CAFR > Feature Story > > The Biggest Game in Town > Comprehensive Annual Financial Reports Exposed > by Walter J. Burien > > This is part one of a rather lengthy transcript of the CAFR video as > aired on public access > television. > > Part One > > The Biggest Game In Town is of major importance to every American. This > program is a > comprehensive disclosure of governmental financial operations that have > been deliberately > concealed and kept from the American people by the governmental > financial agencies as > well as by the syndicated media. The scope is huge; the personal > financial impact of vital > concern to all. > > Do the people of this great land own the government or do the collective > governments > think they own the people? > > Is it time to mandate "effective action" through united efforts of the > American people? > > Can David still fling the rock true and straight to hit its mark and > defeat Goliath? > > Are you aware that 30 years ago only 8 to 12 percent of the financial > activity and > ownership of our nation resulted from the activity of the government, > but today the figure > is conservatively 48 percent? > > We the People have been victimized by the largest organized syndicate on > the face of the > Earth. The Constitution declares that all political power is inherent in > the people and that > all powers not directly and specifically delegated to public servants > remain with the > people. > > Our public servants are accountable to us and it's time we hold them > accountable with > genuine liability and cause the profits resulting from governmental > activity to directly > benefit the people!!! > > Walter Burien: Good morning. What we're going to be talking about today > is what I've > called The Biggest Game in Town. My name is Walter Burien. I live in > Prescott, Arizona. I > became aware of something approximately 10 years ago, which changed my > life. I will give > you a little analogy of how I learned about the complete financial > takeover of the wealth > of this country by composite government. > > Back in 1989 I lived in New Jersey. There was a governor by the name of > Jim Florio who > was running for office under a no-new-tax platform. He won, and as soon > as he got into > office, a $2.8 billion tax increase was enacted - the largest in the > state's history. > > It was obvious that the public was not too thrilled about Mr. Florio's > actions and one of > the local radio stations, 101.5 FM, started doing some rabble-rousing, > taking calls from > listeners on examples of waste and misspending in government. > > The first two days I was listening, and I heard people calling in with > examples of $5,000, > $15,000; $85,000 was the highest figure I heard. I pulled out the State > of New Jersey's > budget report, which is the only thing I was aware of at that time. They > had $11 billion on > budget, $6 billion off budget; the total annual service budget was $17 > billion a year. I > called in to the show and I made the comment, "Come on, guys; you're > missing the whole > point. The highest figure I heard was $85,000. The state's dealing with > billions of dollars." > I read off the figures. I said, "If there's fraud, waste and misspending > taking place, it's > taking on tunes of tens of millions, if not hundreds of millions of > dollars." > > The DJ at that time challenged us, the listeners, to start a tax protest > organization to > repeal the $2.8 billion tax increase. > > Ten of us got together the next day and incorporated a group called > Hands Across New > Jersey. We scheduled our first rally ten days out from that point. And > basically, with the > help of 101.5, we had 115,000 people converge on Trenton from all the > shore points in > New Jersey, effectively shutting the city down. Now, during the course > of organizing that > rally, I took over looking at the budget, revenue and finance of the > state. > > For about 15 years I was a Commodity Trading Advisor. I was one of the > first tenants of > the World Trade Center, back in 1979. And large figures didn't bother me > - a hundred > million versus one dollar - there was no difference. > > When I started looking at the figures on the New Jersey budget report, > as I mentioned, > there were $11 billion on budget, $6 billion off budget, it showed a net > available of $25.6 > billion. Then, I asked myself the number one question that IRS asks in > an audit: What are > the cash gross receipts? > > I started noticing the large cash cow groups in state government - the > New Jersey > Turnpike, Garden State Parkway, Port Authority of New York, and New > Jersey. The > revenue was not inclusive in the budget report. I didn't see any large > returns from > investment funds on the budget report. And I said, "They have to have > two sets of books > here. They're not accounting for the whole picture." > > The director of the budget at that time was an individual by the name of > Richard Keevy. > He was on vacation until the following Tuesday of that week. I found out > who his lower > assistant was, called in, and the conversation went just like this: > > I said, "Hi, this is Walter Burien. I'm working on a report for Richard. > Have to have it done > by Tuesday when he gets back from vacation. I need all the figures on > the autonomous > agency accounts, interest accounts, investment accounts. And the reply I > got was, "Oh, > you want the Comprehensive Annual Financial Report." > > Bing!!! This was the first time I had ever heard that before in my > lifetime. I received the > report that Friday. > > I started crunching numbers. It showed a total liquid investment funds > of $188 billion > dollars - $188 BILLION DOLLARS - of which common stock ownership $70 > billion, on loan to > public and private corporations $10 billion, insurance company equity > participation, $14 > billion, on loan to public and private corporations $10 billion. And I > started looking for the > total cash gross receipts. As I mentioned, just what IRS would ask for > in an audit. I found > it on page 174. > > This is 1989's Comprehensive Annual Financial Report. On page 174 under > Cash Additions, > all agencies, all departments, all sources, here's a state with a > declared service budget of > $17 billion, who was bringing in $86 billion, $799 million in cash. I > saw that figure and > instantly realized the definition of syndicated organized crime. > > Here we had a representation to the public that the state of New Jersey > was bringing in > $17 billion when in reality, they were bringing in close to $86 billion. > They had $188 billion > in liquid investment funds. I also learned the principle of operation > that day. Anything that > was a cost and an expense, traditional service side of the budget > report, health and > welfare, human services, motor vehicles, was left under the budgetary > basis, and the > public footed 100 percent of the bill for 100 percent of the services. > Now, anything that > was a profit center had the ability of being a profit center, large > investment fund that > generated tens and hundreds of millions of dollars, totally restricted > by a statute for no tie > or inclusion whatsoever with the budgetary basis. > > This is what I have called The Biggest Game In Town. I saw it first in > New Jersey and I > said the Comprehensive Annual Financial Report ... here I am a Commodity > Trading > Advisor, I was doing a national newsline coast to coast at the time and > I never heard of > the Comprehensive Annual Financial Report. I wanted to find out why. I > was mad. I mean, > there was such a distinct difference between the revenue shown on the > Comprehensive > Annual Financial Report and the minuscule revenue that was shown now on > the budgetary > basis. I said, "Why did I not see this in a newspaper, radio show, TV > show?" > > The department that mailed out the report the Comprehensive Annual > Financial Report > was from the Department of Treasury. I called the mailroom, and the > mailroom usually > doesn't get a call from the public, so they were very cooperative. I > wanted to find out > who the report was sent to. I thought it was a short list. They said, > "I'm sorry, sir. The > list is too long - we can't read it to you on the phone." So I start > qualifying. I found out it > was sent to every editor of every paper on the East Coast. It was sent > to the deans of all > the colleges. It was sent to the CEO and every one of the directors from > ABC, CBS and > NBC. When I verified that, I started smelling cooperative effort for > nondisclosure. I then > got the telephone number for ABC and NBC on where the report was sent > to. > > Read the rest of the story in the February 2001 Issue > > > > Your support will help to insure that future articles continue being > published and posted. Thank you for > your interest and your support. > > > > > > Purchase your Hard-Copy of the Hard-Hitting News Today! > Subscribe to MEDIA BYPASS 1 800 4BYPASS 429-7277 > Mail or FAX Print-n-Send > > <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! These are sordid matters and 'conspiracy theory'�with its many half-truths, mis- directions and outright frauds�is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. 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