Conspiracy Theory – A State Of Mind


There is a truth so simple, so obvious, and yet so elusive to those who seek it. It is hidden in plain sight. And it it is verifiable if you can walk a straight line without getting sidetracked by conspiracies. This is not to say that conspiracies aren’t happening all around you. On the contrary, this simple truth I speak of actually verifies these plans between two or more people (the definition of conspiracy).

Now, the hardest part about seeing this simple truth is in fact these 100’s of conspiracies that redirect your conscious thought. Yet subconsciously, the truth sits there and waits for logic and reason to pull you towards it. For, like a grove of aspens, all of these “plans between two or more people” are connected and supported by one central root system, and are dependent on this truth for their secrecy and continuity.

So what is this truth… this central root system?

As we seek the source of these conspiracies, we get distracted by the very conspiracies themselves and by the players involved. And I am by no means immune from this never-ending, reproducing fork in the road. We feel that this truth is constantly in front of us, but these conspiracies keep diverging our focus, and our path forks once again. Our frustration mounts, and we either fall by the wayside or keep trudging through.

When we sufficiently uncover the evidence of one plan, deciding that there is still a higher cabal that is guiding the hand of the perpetrators of that plan, certain shock jocks and even other sincere truth-seekers throw us three more conspiracies, often not even realizing that they are doing nothing more than obfuscating the truth, and creating another fork. But for some, this is an intentional effort.

Then someone like Walter Burien comes along and says, “Here it is… here is the truth that you seek”.

But we ask, “Yeah, but what about the Rothschilds?”

And Walter simply says, “Don’t look right, look straight ahead to the source.”

But we ask, “Yeah, but what about chemtrails?”

And again, Walter states, “Don’t look up, don’t get sidetracked, look straight ahead.  Who funds these weather experiments? Look at the source.”

And as we walk for a few steps on that path, we yet again diverge and ask, “Oh, look over here… what about the Federal Reserve?”

And as Walter smiles with a mix of empathy and frustration, he simply says, “No. Don’t look backwards, look straight ahead at the source.”

But the conspiracies flow like fireflies, distracting us from that path. And we say, “Oh my, what about fluoride in the water supply?”

And once again, Walter says, “Don’t look down either. You cannot change this without looking at who funds and allows this to happen. Will you please look straight ahead at the source.”

And we do, and we know who is responsible, and we know who funds this poison in our water with our own taxpayer dollars. But still we get distracted from this simple truth.

And so we say, “Ah… but what about Bilderberg, Bohemian Grove, the CFR, and the Tri-Lateral Commission? Alex Jones says…”

And Walter in anger says, “Why aren’t you listening? Why aren’t you comprehending? Don’t look left, for that is where you are being fooled into looking. These things are just part of the source. Look at the source. It is straight ahead. Follow the path.”

And then every once in a while, not too often, but every once in a blue moon, someone gets it. They still may stray off the path every once in a while, but once the source is comprehended, all other paths eventually lead to the source. It becomes impossible not to see down the straight path, no matter how many curves and side roads we take.

So again, what is this truth? What is the source.

Well, let’s face it. Nothing happens in this country without some branch of the government knowing, approving, and regulating that thing. No conspiracy happens without government and its spy agencies being a part of it, or at least profiting from it. And no person, corporation, or business can operate within this country without the government knowing about it. Since all corporations are indeed government entities, taking direction from and following the rules of the government, no corporation is above government. This includes the banks, the Federal Reserve, investment companies, and the rest. And they all follow the Federal Law that states that all corporations must file a Comprehensive Annual Financial Report (CAFR), including the banks, the Federal Reserve, and the rest. There are no exceptions.

If a hybrid bank such as the Federal Reserve was above the government, or above the law, they certainly would not hand in a complete audit of themselves every year to the government, now would they? No. They are incorporated within the United States and under the government. They operate within the laws set by government. They are granted the favor of extreme power over the economy. But this is not total power, for they and their assets can be immediately seized at any time by the government. They are but pathetic, dangerous, but fragile men in expensive suits. They are not powerful without the consent of the people through their consent of the government. This is the truth.

Who sprays these chemtrails? Well, these planes would not be allowed to fly over U.S. airspace without government permission, right? Therefore the truth is that the government not only allows this spraying of our skies, but funds and benefits from this strangest of conspiracies. Simple logical deduction. No other theory is needed, only the knowledge of who these planes must get permission from to fly over U.S. airspace. This is the path of knowledge that can only be obtained by focusing straight ahead. Sure, look into the chemtrail theory, but don’t get sidetracked from the truth. This has to be a government or government approved operation. There is no other option.

Ok, let’s take the Rothschild family. So what. What are you going to do about them? They have oodles of money and investments. So what. One is a Senator. Ok. They own banks. Good for them. Those banks operate within the United States with government permission, under Federal charter or law. The Rothschilds’ are not above the government. Now, they may have their Zionist agents seated deep within our government, and indeed we see not only a fervent support for Israel, but a multitude of duel-Israeli citizens being appointed into that Federal Government. But government is still in charge, and it still runs the show. It is the people in that government that are the problem. They do not represent the people. And everything that happens and all of the conspiracies that take place must happen with government approval.

Yes, yes… there is fluoride in the water. Yes, it is a main ingredient in rat poison. Yes, it is the by-product of the aluminum industry. It calcifies the pineal gland of the brain. And yes, it has a calming effect on the people who ingest it, which is the only reason I can think of to explain why people aren’t charging Washington D.C. in droves, with pitchforks and guns and ropes… and Tazors! But the simple truth is that government must approve its use. It funds and owns stock investment in the companies that produce it. Government approves the dumping of this toxic waste into the water supply to save on the costs of properly disposing of this substance, thus improving its majority stock share value. Simple. Logical. No theory needed.

What is Bohemian Grove? It is where government goes to relax. What is the Council On Foreign Relations? It is a think tank funded by government. What is the Tri-Lateral Commission? A government entity. What is the Bilderberg Group? An obscure think-tank meeting of global government. And since it sometimes meets in the United States, and since the U.S. government officials who attend this meeting against multiple Federal laws are not punished for their actions, one must concede to the truth. Government is in control of these officials, and allows them to attend.

I was on this switchback trail for a number of years, turning over one conspiracy only to reveal three more, and never comprehending this simple truth, until fortune or fate brought me to cross paths with Walter Burien.

Now, the truth is clear. I can look at the Comprehensive Annual Financial Report (CAFR) and see the vast stock investments, real estate investments, hedge funds of currency from every nation in the world, gold holdings and gold certificates, Special Drawing Rights, and junk backed securities and derivatives. I can see that government owns it all, through stock investment. I can see that through stock investment, government owns the Fortune 500 and other corporations for which it also regulates.

And so here is the truth…

The government as it stands today is in a complete and utter conflict of interest.

Simple. Logical. Provable by the CAFR.

A body which regulates, deregulates, sets the laws for, polices, audits, and then also owns the controlling interest in the corporate business world it is supposed to impartially oversee, is the biggest conflict of interest in the history of such conflicts.

So, the next time you get distracted from the straight path, from the true nature of government ownership and control of every facet of America and the world, just think of the CAFR. And remember that nothing happens in this country without government approval.

If you want to fix the nation and solve most of the worlds problems… replace government and elect non-corporate poor people in jeans and a tee-shirt, with no assets, no stock investments, or any other interest except in that of the people.

Follow the straight path. Go to the source.

Kill the conflict of interest. Save the world!

.

–Clint Richardson (realitybloger.wordpress.com)

Sunday, April 3rd, 2011

CAFR School Part 2: Minnesota’s State CAFR Explained


Welcome back to CAFR School!

Part 2 will be a more advanced look into the CAFR. In this case, the state CAFR.

This is an explanation of the State of Minnesota Comprehensive Annual Financial Report (CAFR), for fiscal year ending June 30, 2010. This is the basic set up of most state CAFR’s. Most terms are the same throughout government financial reporting.

The report can be viewed here: http://www.mmb.state.mn.us/doc/acct/2010.pdf

Or, you can download the Minnesota CAFR from the states own website, here: http://www.mmb.state.mn.us/cafr-10

(Most of my comments are in red.) – Please follow along in the Minnesota CAFR. This article will not make much sense and you wont figure out how to read these things for yourself if you don’t follow along!

And now, on with the show…

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(Page 9) – Government-Wide Net Assets as listed (not including many funds and “off-balance sheet” investments and monies, as we will discuss further).

Financial Highlights

The assets of the state exceeded liabilities at June 30, 2010, by $10.9 billion (presented as net assets). Of this amount, a deficit of $2.9 billion was reported as unrestricted net assets.

(Note that this is showing only what the Minnesota government outrageously considers liabilities. But these are inevitably future liabilities. This means they are deducting monies as liabilities for things that have not been spent/paid yet. It is a trick that makes it appear that the government is not wealthy. For perspective… If you have $2,000 in your bank account today, do you write in your checking register (your own personal CAFR) that you have already spent money that you haven’t even written a check for yet, for liabilities and future bills that you might not have to pay for until 6 months to 10 years later? No!!!) 

From the CAFR…

Unrestricted net assets represents the amount available to the state to meet ongoing obligations to citizens and creditors. However, many of the resources have internally imposed designations, such as state statutory language, which limit resource use. These assets are not reported as restricted net assets because the limitations are imposed internally by the state, not externally imposed by sources such as creditors or the constitution. For discussion on the variances from prior year, see the Government-wide Financial Analysis section.

§ The state’s total net assets decreased by $1.2 billion (9.9 percent) during fiscal year 2010. Net assets of governmental activities decreased by $761 million (7.5 percent), while net assets of the business-type activities showed a decrease of $439 million (22.6 percent). For discussion on the variances from prior year, see the Government-wide Financial Analysis section.

(So the State claims that it is in the red here by over 2 billion dollars on its “government-wide {on-balance sheet}” statements. Let’s see how many hidden “off-balance sheet” investment funds we can find…)

Fund Level

§ At the end of the current fiscal year, governmental funds reported a combined ending fund balance of $2.8 billion, a decrease of $774 million compared to the prior year. Included in the ending fund balance is a General Fund unassigned deficit of $1.5 billion. For discussion on the variances from prior year, see the State Funds Financial Analysis section.

(But what about the other funds besides these governmental funds? Let’s see…)

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(Page 7) – Fund and Component Unit Definitions:

The state’s three discretely presented major component units are:

§ Housing Finance Agency

§ Metropolitan Council

§ University of Minnesota

The state’s six nonmajor component units are combined into a single column for reporting in the fund financial statements. These nonmajor component units are:

§ Agricultural and Economic Development Board

§ National Sports Center Foundation

§ Office of Higher Education

§ Public Facilities Authority

§ Rural Finance Authority

§ Workers’ Compensation Assigned Risk Plan

(We will come back to these later…)

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State Fund and Component Unit Financial Statements (definition of a “fund”)

A fund is a grouping of related self-balancing accounts used to maintain control over resources that have been segregated for specific activities or objectives. The state of Minnesota, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements.

Fund financial statements present financial information in a format familiar to experienced users of governmental financial statements and reports. The fund financial statements focus on individual parts of the state, reporting the state’s operations in more detail than in the government-wide statements. Fund financial statements focus on the most significant funds within the state.

(Only experienced financial experts can read these reports… or angry citizens with nothing to lose like me!)

The state’s funds are divided into three categories:

Governmental Funds

Governmental funds record most of the basic services provided by the state and account for essentially the same functions as reported in the governmental activities in the government-wide financial statements. Unlike the government-wide financial statements, the fund financial statements focus on how money flows in and out of the funds during a fiscal year and spendable resources available at the end of the fiscal year.

Governmental funds are accounted for using the modified accrual basis of accounting, which recognizes revenues when they are available and measurable. Expenditures are generally recognized in the accounting period when the fund liability is incurred, if measurable. This approach is known as the flow of current financial resources measurement focus. These statements provide a detailed short-term view of the state’s finances that assists in determining whether there are more or less resources available and whether these financial resources will be adequate to meet the current needs of the state. Governmental funds include the General, special revenue, capital project, Debt Service, and Permanent funds.

The focus of governmental funds is narrower than that of the government-wide financial statements. It is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By comparing this financial financing decisions.

The basic financial statements include a reconciliation of governmental funds to governmental activities.

These reconciliations follow the governmental funds balance sheet and the governmental funds statement of revenues, expenditures, and changes in fund balances.

The state maintained 29 individual governmental funds. However, six of these funds were either moved to the General Fund or combined into another fund and one fund was split and a portion of the activity was moved to the General Fund as a result of implementing Governmental Accounting Standards Board (GASB) Statement No. 54, “Fund Balance Reporting and Governmental Fund Type Definitions.”

(So these funds can used and merged in any way that these government crooks see fit.)

Information is presented separately in the governmental funds balance sheet and in the governmental funds statement of revenues, expenditures, and changes in fund balances for the General and Federal funds, which are reported as major funds. Information from the remaining funds is combined into a single, aggregated column. Individual fund data for each of these nonmajor governmental funds is provided in the form of combining statements included in this report.

(So they don’t report a major portion of the funds, investments, and wealth in the financial statements published to the taxpayers.)

The state adopts a biennial budget with annual appropriations for the majority of the activity reported in the General Fund. A budgetary comparison statement has been provided for the General Fund activity with appropriations included in the biennial budget to demonstrate compliance with this budget.

Proprietary Funds

When the state charges customers for the services it provides, whether to outside customers or to other agencies within the state, these services are generally reported in proprietary funds. Proprietary funds (enterprise and internal service) utilize accrual accounting which is the same method used by private sector businesses. Proprietary fund financial statements provide the same type of information as the government-wide financial statements, only in more detail.

Enterprise funds, a type of proprietary fund, are used to report activities that provide goods and services to outside (non-government) customers, including the general public. Internal service funds are an accounting device used to accumulate and allocate costs internally for goods and services provided by one program of the state to another. Because the activities reported by internal service funds predominantly benefit governmental functions rather than business-type functions, the internal service funds have been included within governmental activities in the government-wide financial statements.

(Enterprise funds are businesses run by the government, and citizens (the general public) are considered nothing more than outside customers!)

(Also, note that it tells us here that only certain funds, in this case the “internal service funds” are reported to the taxpayers; the general public. Make no mistake, government is a for-profit business and the people are just the customers… or chattel!) 

The state maintains 17 individual proprietary funds. The State Colleges and Universities and Unemployment Insurance funds, both of which are considered major funds, are presented separately in the proprietary funds statement of net assets and in the proprietary funds statement of revenues, expenses, and changes in net assets. Information from the 8 nonmajor enterprise funds and the 7 internal service funds are combined into two separate aggregated columns. Individual fund data for each of these nonmajor proprietary funds is provided in the form of combining statements presented in this report.

Fiduciary Funds

Fiduciary funds are used to report activities when the state acts as a trustee or fiduciary to hold resources for the benefit of parties outside the state. The accrual basis of accounting is used for fiduciary funds and is similar to the accounting used for proprietary funds. The government-wide statements exclude fiduciary fund activities and balances because these assets are restricted in purpose and cannot be used by the state to finance its operations. The state must assure that the assets reported in fiduciary funds are used for their intended purposes.

The state maintains 21 individual fiduciary funds. The state’s fiduciary funds are the pension trust funds, the investment trust funds (which account for the transactions, assets, liabilities, and fund equity of the external investment pools), and the Agency Fund (which accounts for the assets held for distribution by the state as an agent for other governmental units, other organizations, or individuals). Individual fund detail is included in the combining financial statements included in this report.

Component Units

Component units are legally separate organizations for which the state is financially accountable. The government-wide financial statements present information for the component units in a single column on the statement of net assets. Also, some information on the statement of changes in net assets is aggregated for component units. The component units’ statements of net assets and statement of changes in net assets provide detail for each major component unit and aggregate the detail for nonmajor component units. Individual nonmajor component unit detail can be found in the combining financial statements included in this report.

(Remember… there is no real law that states these funds cannot be used for anything at all, and they can be transferred or even closed at any time, and the money transferred to other funds or to who knows where!)

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(Page 66) – Investments

The State Board of Investment (SBI) manages the majority of the state‟s investments. All investments undertaken by SBI are governed by the standards codified in Minnesota Statutes, Chapters 11A and 356A. Minnesota Statutes, Section 11A.24, broadly restricts investments of the primary government to obligations and stocks of United States and Canadian governments, their agencies and registered corporations, other international securities, short-term obligations of specified high quality, restricted participation as a limited partner in venture capital, real estate, or resource equity investments, and restricted participation in registered mutual funds.

Funds not invested by SBI are primarily Minnesota State Colleges and Universities‟ funds…

SBI is authorized to establish, and has established, combined investment funds used by participating public retirement and non-retirement funds. Retirement and non-retirement funds may not be commingled. Each investment fund has its own characteristics, including investment objective and risk characteristics. Within statutory requirements and based on detailed analysis of each fund, SBI has established investment guidelines and benchmarks for all funds under its management. These investment guidelines and benchmarks are tailored to the particular needs of each fund and specify investment objectives, risk tolerance, asset allocation, investment management structure, and specific performance standards.

(Isn’t it reassuring to know that the SBI is acting within the laws that it sets for itself? Somehow that just makes this theft seem like a gift from God, doesn’t it? I mean, really, as long as the federal and state laws say that the government can steel trillions and trillions of dollars from the taxpayers without any real public disclosure and then hide that money in these funds, all seems right with the world…)

(Note: This is sarcasm. God wouldn’t like this very much, me thinks.)

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(Page 66) – Synthetic Guaranteed Investment Contract (SGIC): 

State Board of Investment (SBI) maintains a fully benefit-responsive SGIC for the Supplemental Investment Pool – Fixed Interest Account of the Pension Trust and Investment Trust Funds portfolio. The investment objective of the Fixed Interest Account is to protect investors in defined contribution and deferred compensation plans from loss of their original investment and to provide a competitive interest rate. On June 30, 2010, the SGIC had a portfolio of well diversified high quality investment grade fixed income securities with a fair value of $747,887,000 that is $37,692,000 in excess of the value protected by the wrap contract. The Fixed Income Account also includes a liquid investment pool and a guaranteed investment contract with fair values of $214,955,000 and $326,545,000, respectively.  (Total = $1,289,387,000)

(Note: The author (me) is not sure if this is above and beyond what the state has reported in its Pension Fund Totals, so we won’t include this in our final total of this CAFR wealth. We’ll give it an honorable mention though, for sure! Wouldn’t want to double-count…)

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(Page 80 – 82) – Note 5 – Interfund Transactions 

Primary Government

During normal operations, the state processes routine transactions between funds, including loans, expenditures, and transfers of resources for administrative and program services, debt service, and compliance with legal mandates. In the fund financial statements, these transactions are generally recorded as transfers in/transfers out and interfund receivables/payables. Transfers generally represent legally authorized transfers between funds authorized to receive revenue and funds authorized to make expenditures, and do not represent reimbursement of expenditures.

(So monies/investments are allowed to be moved around between funds. They say again here that the –law- says it’s OK to do this. So the question we should be asking our supposedly representative government is… Why don’t you “authorize” or change the legalities (not laws) so that this investment wealth can be used for the benefit of “We, the People” instead of you greedy bankers, attorneys, and politicians? I think that’s a fair question…)

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(Now we will list these funds out, and show where the real money is invested…)

(Note: All figures listed in this CAFR are “in thousands”, meaning I have added 3 zeros {,000} to all totals.)

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(Page 31)“Major Governmental Funds” descriptions:

–General Fund – the fund accounts for all financial resources except those required to be accounted for in another fund.

–Federal Fund – The fund receives and disburses federal government grants and reimbursements. The fund is administered in accordance with grant agreements between the state and federal agencies.

(page 32) – Total for the General fund as listed on the “GOVERNMENTAL FUNDS BALANCE SHEET” is $3,916,496,000 as of June 30,2010.

.

(Note: Remember the Statement of Net Assets from above? It stated that, “Included in the ending fund balance is a General Fund unassigned deficit of $1.5 billion”. And yet here we see the actual balance in the fund is over $3.9 billion!!!)

(The Statement of Net Assets also claimed that, “At the end of the current fiscal year, governmental funds reported a combining ending fund balance of $2.8 billion, a decrease of $744 million compared to the prior year”. Obviously, this is a lie, as the balance of just the General Fund is again 3.9 billion!!!)

.

(page 32) – Total for the Federal fund as listed on the “GOVERNMENTAL FUNDS BALANCE SHEET” is $1,579,194,000 as of June 30,2010.

.

Note that while “Nonmajor Funds” are listed here too, we will be covering those funds individually in a moment…

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(Page 37) – “Major Proprietary Funds” descriptions:

State Colleges and Universities Fund – The fund accounts for the activities of Minnesota State Colleges and Universities (MnSCU). MnSCU is a system of public state universities and two-year colleges and is the largest system of higher education in the state. While the primary activity of MnSCU is to provide educational services, the fund also includes scholarships, student loans, bookstores, student living activities, research, and long-term debt.

Unemployment Insurance Fund – The fund receives unemployment taxes collected from employers and pays unemployment benefits to eligible individuals.

(Page 39) – Total for the State Colleges and Universities Fund as listed on the “STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS” is $1,723,766,000 as of June 30,2010.

(Page 39) – Total for the Unemployment Insurance Fund as listed on the “STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS” is at a negative – $266,135,000 as of June 30,2010.

.

Note that while “Nonmajor Enterprise Funds” and “Internal Service Funds” are listed here too, we will be covering those funds individually in a moment…

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(Page 47)“Major Component Unit Funds” descriptions:

Housing Finance Agency – The agency provides money for loans and technical assistance for construction and rehabilitation of housing for families of low and moderate incomes.

Metropolitan Council – The council is responsible for coordinating the planning and development of the Twin Cities metropolitan area. The council also operates the metropolitan regional sewage treatment and disposal systems and the public transit system. The Metropolitan Sports Facilities Commission, a component unit of the council, operates the Hubert H. Humphrey Metrodome sports facility. 

University of Minnesota – The multi-campus university provides undergraduate and graduate degrees, advanced research opportunities, and an extension service. The university includes several nonprofit foundations that provide resources which benefit the university.

(Note that these are the funds held by these government for-profit businesses (component units) and are NOT referring to the actual buildings, equipment, or other real assets associated with them. These are stating totals for cash and liquid investments.)

(Page 48) – Total for the Housing Finance Agency Fund as listed on the “STATEMENT OF NET ASSETS” is $1,723,766,000 as of June 30,2010.

(Page 48) – Total for the Metropolitan Council Fund as listed on the “STATEMENT OF NET ASSETS” is $1,872,301,000 as of June 30,2010.

(Page 48) – Total for the University of Minnesota Fund as listed on the “STATEMENT OF NET ASSETS” is $4,785,350,000 as of June 30,2010.

.

Note that while “Nonmajor Component Unit Funds”  are listed here too, we will be covering those funds individually in a moment…

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(Page 125 – 127) – Risk Management Fund – Read this for an explanation of Self-Insurance. This is a fund built to pay for any lawsuits or torts brought against the state or its component units. This is the hoarding and investing of taxpayer dollars. So if you sue the state, you will be receiving taxpayer money or the return on this money from investments in this fund. (Total for this fund presented later as a Nonmajor Enterprise Fund.)

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 (Page 131)Budgetary Basis vs. GAAP explanation:

Actual revenues, transfers-in, expenditures, encumbrances, and transfers-out on the budgetary basis do not equal those on the GAAP basis in the Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balances for the General Fund. This inequality results primarily from the differences in the recognition of accruals, reimbursements, deferred revenue, intrafund transactions, and loan classifications, and from the budgetary basis of accounting for encumbrances. On the budgetary basis, encumbrances are recognized as expenditures in the year encumbered. The modified accrual basis of accounting recognizes expenditures when the goods or services are received, regardless of the year funds are encumbered. A reconciliation of the fund balances under the two basis of accounting for the General Fund is provided in the following table.

(Translation: Some government money and investments are not reported on the taxpayer budget, nor in the Statement of Net Assets we listed above on page 9. There are two different ways of financial reporting, one for the dumbed down masses who can barely balance their checkbook, and one for the elite power brokers in government and the corporate world.)

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(Page 142) – Actuarial Measures of Pension Funding Progress

The state of Minnesota is the employer for five defined benefit single employer plans that are administered by Minnesota State Retirement System (MSRS). MSRS prepares and publishes its own stand-alone comprehensive annual financial report (see Note 1 – Summary of Significant Accounting and Reporting Policies for the address).

(Note: When we look at the separate Pension Fund CAFR we see that the “employer” defined here as the State of Minnesota contributes/matches employee contributions to the pension fund system. So the state puts billions of taxpayer money (the state is supported by taxpayer money) into the pension fund for investment with no benefit for the taxpayers.)

The Elective State Officers Fund (ESOF) is excluded from the single employer plan disclosures since this plan is closed to new entrants and any former active employees have retired, terminated, or elected coverage under another plan.

Required supplementary information of funding progress is provided for the following plans:

§ Correctional Employees Retirement Fund (CERF)

§ Judicial Retirement Fund (JRF)

§ Legislative Retirement Fund LRF)

§ State Patrol Retirement Fund (SPRF)

 

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(Page 147 – 151) – Combining and Individual Fund Statements – Nonmajor Funds

Nonmajor Special Revenue, Debt Service, Permanent and Capital Projects Funds

(Page 151 – Chart) – COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES

(Note that these are reported “in thousands”, meaning we must add three zero’s {,ooo} to the end of each figure. These are the supposed totals for all the funds included in these categories.)

SPECIAL REVENUE       

-> $1,975,916,000

DEBT SERVICE

-> $764,447,000

PERMANENT SCHOOL

-> $694,452,000

CAPITAL PROJECTS

-> $205,002,000

TOTAL

-> $3,639,817,000

.

(Note that {in thousands} the “Net Change in Fund Balances” column (fourth row from bottom of graph) shows profits/increases of  – $122,913,000 – $22,378,000 – $64,229,000 – and $108,739,000 – with the total profit for these funds listed at $318,259,000. This is how much money was added to these funds in fiscal year 2010 over fiscal year 2009)

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(Page 152 – 153)gives a description of each “Special Revenue Fund”

Note the difference between the totals of the chart on (page 154 – 157)NONMAJOR SPECIAL REVENUE FUNDS COMBINING BALANCE SHEET”…

and the chart on (page 158 – 161)COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES”

On the “COMBINING BALANCE SHEET” we can see that total fund balances are actually in the amount of $2,719,861,000… a difference of over $700,000,000 as compared to what is reported on the “COMBINING STATEMENT” chart.

(Always go with the higher figure, as again they are attaching future liabilities to the money they have today.)

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(Page 169)gives a description of each “Capital Project Fund”

“COMBINING BALANCE SHEET” totals – $253,749,000

“COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES” totals – $205,002,000

So we can add almost $50 million to the total listed, taking the highest figure without “future obligations”. 

(This is the actual holdings at the time of this report.)

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(Page 169)gives a description of each “Nonmajor Enterprise Fund”

(Note that this is a new set of funds, not listed above, and including…)

Behavioral Services Fund

Enterprise Activities Fund

Giants Ridge Fund

Minnesota Correctional Industries Fund

911 Services Fund

Public Employees Insurance Fund

State Lottery Fund

State Operated Community Services Fund

 .

(Page 174 – 175) The “COMBINING STATEMENT OF NET ASSETS” {in thousands} chart shows $45,315,000 in these funds under the Totals column. So we can add that to our hidden wealth totals…

(Page 181)gives a description of each Nonmajor Internal Service Fund, which includes the “Risk Management Fund” that we covered above as a self-insurance fund.

(Page 182 – 183) The “COMBINING STATEMENT OF NET ASSETS” {in thousands} chart shows $320,436,000 in total fund balances, which in this case is the same as the COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS chart.

————————————————————–

PENSION TRUST FUNDS!!! – (Remember, Pension Funds are where the government diverts billions (trillions nationally) of taxpayer money, not just employee money.)

(Page 188 – 189) Minnesota State Retirement System includes… 

–Correctional Employees Retirement Fund

–Elective State Officers Fund

–Hennepin County Supplemental Retirement Fund

–Judicial Retirement Fund

–Legislative Retirement Fund

–Postretirement Health Care Benefits Fund

–State Deferred Compensation Fund

–State Employees Retirement Fund

–State Patrol Retirement Fund 

–Unclassified Employees Retirement Fund 

 .

The Public Employees Retirement Association includes…

–Defined Contribution Fund 

–Minneapolis Employees Retirement Fund 

–Police and Fire Fund 

–Public Employees Correctional Fund

–Public Employees Retirement Fund

–Volunteer Firefighter Retirement Fund

 .

The Teachers Retirement Association includes…

–Teachers Retirement Fund

.

The State Colleges and Universities includes…

–Colleges and Universities Retirement Fund

 .

(Again, these funds where not included above.)

(Page 190 – 193) COMBINING STATEMENT OF NET ASSETS shows totals for these pension funds listed at $45,746,335,000.

(Page 197) This represents an increase (profit) in the fund balances over 2009 of at least $4,336,688,000.

(Yes, yes… these are the retirement funds and they are designated for the employees. We can’t touch those, right? Again, this fund represents billions and billions of dollars of taxpayer money, and the investment return on these fund’s collective investments. This total shown represents the money and investments in the fund AFTER all liabilities to the employees are paid, and after future liabilities are considered. So you tell me whose money this really is… and before you answer that, consider the fact that at any time the President of the United States can create an Executive Order that states that all collective fund balances in the government pension funds are now the property of the Federal Government. If we don’t reclaim this through strict regulation and anti-federal shields in the name of the people and soon, it will be gone with the stroke of a pen. And all of these state employees who are so defensive of their pension funds now will have nothing left to defend. It will all be gone!)

————————————————————–

(Page 199)INVESTMENT TRUST FUNDS”

Supplemental Retirement Fund – The fund provides an investment vehicle for the assets of various public retirement plans and funds.

Investment Trust Fund – The fund provides an investment vehicle for external funds authorized to be invested by the state.

(Page 201) “STATEMENT OF CHANGES IN PLAN NET ASSETS” shows totals for these funds at $482,714,000. 

This is an increase of $30,835,000 over fiscal year 2009, as listed under “Net Increase”.

 ————————————————————–

(Page 203)Agency Funds” description

Agency Fund – This fund accounts for resources held in a custodial capacity for other governmental units, private organizations, or individuals.

Totals listed at $124,220,000

————————————————————–

(Page 205)“Nonmajor Component Unit Funds” descriptions…

(Note that this is not the value of the buildings, equipment, and other hard assets involved with these component units {state-run businesses}, these are the funds that each unit has in investment holdings in (liquid) assets and cash.)

Agricultural and Economic Development Board 

National Sports Center Foundation 

Office of Higher Education

Public Facilities Authority

Rural Finance Authority

Workers’ Compensation Assigned Risk Plan

.

(Page 206 – 207) The “COMBINING STATEMENT OF NET ASSETS” states that the totals for these funds are at $1,488,337,000

(Page 209) “Change in Net Assets” show and increase to these funds of $97,359,000 over fiscal year 2009.

————————————————————–

Last but not least, we have…

(Page 83) – Note 6 – Capital Assets:

Primary Government

The following table shows capital asset activity for the primary government:

(Page 83) – See Chart here entitled“Primary Government Capital Asset Activity Government-wide Governmental Activities”

This is the value stated after depriciation for the following “capital assets”, which represents the physical equity in the following:

Land – Buildings, Structures, Improvements – Construction in Progress – Development in Progress – Infrastructure – Easements – Art and Historical Treasures

Total value listed here for these Capital Assets are $11,982,234,000

(Note: that these are not necessarily salable or liquidate-able assets, and so we will not include them in our total below, which will only represent fund, investment, and cash on hand as of June 30, 2010.)

————————————————————–

END OF REPORT

————————————————————–

So let’s total up what we have found in the Minnesota CAFR, and compare that total to what the state is reporting to its taxpaying citizens on the taxpayer budget report…

General fund                                                    $3,916,496,000 

Federal fund                                                     $1,579,194,000 

State Colleges and Universities Fund     $1,723,766,000

Unemployment Insurance Fund             (- $266,135,000)

Housing Finance Agency Fund                 $1,723,766,000 

Metropolitan Council Fund                       $1,872,301,000 

University of Minnesota Fund                 $4,785,350,000

Special Revenue Funds                               $2,719,861,000

Capital Projects Funds                                   $253,749,000

Enterprise Funds                                             $320,436,000

Pension Trust Funds                                 $45,746,335,000

Investment Trust Funds                                 $482,714,000

Agency Funds                                                     $124,220,000

Nonmajor Component Unit Funds        $1,488,337,000

———————————————————————————

TOTAL FUND BALANCES…                   $66,470,390,000

———————————————————————————

.

Again, this is a look at the fund balances for the state, and should not be construed as a total look at what this CAFR has to offer in the form of hidden wealth and investments for Minnesota. It would take a guru of an accountant to figure all of this out…

But I think that we have proven without a doubt that the Minnesota state government is guilty of misrepresentation of its wealth to the taxpaying public when it releases its tax-payer budget every year, and when it states in its “government-wide statement of Net Assets” that it only has $10,865,096,000 in “Total Net Assets” including Capital Assets (chart on page 10).

This financial statement (CAFR) structure will look very similar on most state CAFR’s. The order may different, but the terms and fund group types will be virtually identical. You may have to look for this information, but a bit of logic and reason should get you through. The most difficult thing to succeed at is to push aside all of the redundant and pointless information and graphs in lieu of the real hidden gold.

For more information on the corporate government CAFR system, please visit these sites:

http://thecorporationnation.com/

http://cafr1.com/

http://cafrman.com/

http://taxretirement.com/

.

Happy treasure hunting to you and yours…

.

–Clint Richardson (realitybloger.wordpress.com)

Wednesday, March 9th, 2011

CAFR School – A Lesson In Financial Accounting


Welcome to CAFR school!

The object of this essay is to teach you to be an informed citizen and taxpayer. We will examine just how to go through your local city, municipal, county, school district, and state government’s Comprehensive Annual Financial Report (CAFR) and come out the other side with millions if not billions of wealth and investments hidden by your government.

I was inspired to write this due to the several requests for myself to help others research and pinpoint their own government’s corruption and hidden wealth.

So here, now, I present to you the CAFR for the city of Aurora, Colorado, a municipal corporation…

First, understand that this report is basically the standard set-up and protocol for the structure of the Annual Reporting system. Therefore, you may apply this same examination to most CAFR’s across the nation and get the same results.

Second, understand that this is just the city (municipal corporation), and does not reflect the county, state, or all of the other incorporated municipal cities and unincorporated towns. it would be necessary to add all of these up to get a total look at the wealth of any county or state.

Also, the school districts and other districts (water, sewer, etc.) will each have a separate CAFR, as they are also not part of the city government (as listed on the CAFR).

That said, I am going to refer to pages on the CAFR report (no particular order, sorry). Remember, we are looking for wealth that could be used for more important things as well as wealth that is not being used for anything at all except capital gains.

You should follow along with me using the Aurora City Comprehensive Annual Financial Report as your reference, which can be downloaded here: https://www.auroragov.org/AuroraGov/Departments/Finance/Annual_Financial_Report/index.htm?ssSourceNodeId=934&ssSourceSiteId=621

Note posted 09/28/2012: Apparently, the City of Aurora doesn’t like the fact that so many people have been downloading their 2009 CAFR, and so it consolidated past years CAFR’s into one download, which after some research I found here: https://www.auroragov.org/CityHall/CityFinancesAndBudget/FinancialManagement/index.htm

And if you like, you can follow along with your local or county CAFR as well, making the adjustments for size and page numbers as you go. Your CAFR should be virtually identical in its structure to this one. If it is not, the key points we are about to cover will be in there somewhere.

(CLUE: Use the “search” function in your (.pdf) or document reader.)

To search for your own local, county, school district, or state CAFR, there are two options…

1) Type your city/county/state/district into your search engine, followed by the words “Comprehensive Annual Financial Report”, followed by the year. (Note that some governments take their sweet time getting these reports out, and so only the previous year may be available for download.) Also, be sure to spell the CAFR phrase out in full.

EXAMPLE:    (Aurora City Comprehensive Annual Financial Report 2009)

2) Go to your city/county/state/district (.gov) website and look for the word “Publications” or the phrase “Financial Statements” or “Annual Reports“. If these aren’t easily found (which not surprisingly they aren’t), most .gov sights have a search option. Be sure and get the CAFR if possible, as the “citizens guide” and the other budget reports are not the full report. Sometimes they are called “Annual Reports” or “Financial Statements” as well, but the majority are called the “CAFR”.

Ok, on to the Aurora City CAFR…


Page 148-150“Golf Fund”

It is very common to hold wealth in these types of funds. Golf courses are owned by local and sometimes other state governments. These are often referred to as business activities in the CAFR statement of liabilities and assets, but are called “Enterprise Operations” in the government circles.

Page 148 – (INCREASE (DECREASE)IN NET ASSETS) – Note that the CAFR reports a loss in assets for this golf fund of $219,398 for 2009. But remember that the CAFR is an accumulative look at assets, and so the fund has more money in it than it did in 2006. In 2007, it earned $389,119.

Page 148 – (NON-OPERATING EXPENSES) – INVESTMENT INCOME, MISCELLANEOUS REVENUE, ETC. – the money in this fund isn’t just sitting there, it is being invested. Thus, “Investment Income” is listed. “Non-Operating Expenses” refer to items happening outside of the care and budgetary obligations of the golf courses. This investment game is why the fund is showing a negative year of $219,398. These types of (+/-) listing of revenue and assets are very deceiving, as we cannot see in this CAFR how the money is invested, what is transferred out of this fund and into other funds, or the day to day investment activity.

Make no mistake, golf courses are businesses that are making profits for the government and for (municipal) corporations.


Net Assets in the “Golf Fund” as of December 31, 2009 $24,927,256


Page 144 – 147“Waste Water Fund”

Once again, the management of water and sewage type of “business activities” are not only a profitable business (and a government monopoly for that matter, and often sold to private corporations to manage under government control), but also have funds created to build a power base of investment wealth.

Page 144Statement of Net Assets for Waste Water Fund – NET ASSETS – DECEMBER 2009 – show that this fund alone has $430,862,335 in wealth, that could be used for other taxpayer budgetary obligations. But as we can see, the INVESTMENT INCOME for this fund is quite nice, at $4,363,954 for fiscal year 2009. About 15 million for the last three years.

This fund grew by $20.89 million (INCREASE IN NET ASSETS) in 2009, even after (TRANSFERS OUT) of over $10 million.

Also, this fund has grown steadily for the last 5 years, from $305 million in 2005, to over $430 million in 2009. Again, the CAFR is the cumulative look at government wealth and investment income. The taxpayer budget released to the people is not.


Net Assets in the “Waste Water Fund” as of December 31, 2009 $430,862,335


Page 137 – 143“Water Fund”

This is the drinking water fund. Similarly with the other funds, this is money that could be used for other purposes. In this case, we start to see the vast wealth the city is hiding within these funds…

Page 137Changes in Net Assets for Water Fund – NET ASSETS – DECEMBER 2009 – show total monies for this fund at $944,082,042 – That’s almost $1 billion dollars for just this fund alone!!!

Again, this fund is investing the money, and shows investment income (return on investments) of over $11 million.

Net assets increased over 2008 totals by $62,555,533 (INCREASE IN NET ASSETS = Profit).

And since December 31, 2005, this fund has grown by over $322 million dollars!!!

Page 140 – Note that the city lists here its top water consumers (TEN LARGEST TREATED WATER CUSTOMERS). If you think about it carefully, you will see how smooth of a business these municipal corporations have carved out for themselves. The “city” is the city’s largest water consumer. But it doesn’t pay for its own water consumption… the taxpayers do! It bills itself, and deducts the bill from taxpayer funds!!! Brilliant.

Come on, you gotta give these guys points for creativity, right?


Net Assets in the “Water Fund” as of December 31, 2009 $944,082,042


Page 135 – 136 – Exhibit C3 (General, TABOR, and Policy Reserve Funds)

Take a quick look at this graph. It gives you an idea of how much the city receives compared to what it has written as the budgetary requirement for what these particular funds service. This shows net assets for the General Fund, the TABOR Reserve Fund, and Policy Reserve Funds

Page 136 FUNDS AVAILABLE DECEMBER 31 (2009) – Look at how the “budget” section is lower than the “actual” section for each year by millions of dollars. In other words, they had money left over, which of course they either reinvest or use elsewhere, or transfer out of the fund (intra-fund transfers notated as due from other funds).

Page 136FUND BALANCE (for these three funds) – At the end of fiscal year 2009 the fund balance was $52,245,924. Again, money available to be spent on taxpayers.

Page 135EXCESS OF REVENUES OVER EXPENDITURES – This states that monies collected (revenues) from the taxpayers in the form of tax, fees, fines, etc… were $24,319,789 more than what was spent. In other words, taxpayers spent way to much money for the services that their government provided, and that money is not refunded back to the taxpayers. Instead, it is placed into these funds we are going over.


Net Assets in the “General Fund”, the “TABOR Reserve Fund”, and the “Policy Reserve Fund” as of December 31, 2009 $52,245,924


Page 123DEMOGRAPHICS AND ECONOMICS

Just throwing this in as a comparative essay, comparing government wealth to the wealth and income of the people of the city.

2009 population of city – 314,326

2009 combined income of city’s population – $4,331,333,727

2009 unemployment rate – 7.5%

We will come back to these figures at the end of this essay…


Page 96“Enterprise Funds”

Just a note that the golf and water funds are called “Enterprise Funds”.

Legal Dictionary
Main Entry: en·ter·prise
Pronunciation: 'en-t&r-"prIz
Function: noun : an economic organization or activity; especially : a business organization
5. a company organized for commercial purposes; business firm.
World English Dictionary:
enterprise (ˈɛntəˌpraɪz) [Click for IPA pronunciation guide]
n
1. a project or undertaking, esp one that requires boldness or effort
2. participation in such projects
3. readiness to embark on new ventures; boldness and energy
4. a. initiative in business
b. ( as modifier ): the enterprise culture
5. a business unit; a company or firm

http://dictionary.reference.com/browse/enterprise


Page 74 – 76PENSION TRUST FUNDS

The city actually has two pension funds.

General Employees Retirement Fund (GERP) – is listed at $280,221,050 in investment assets.

Elected Official’s and Executive Personal Defined Benifit Plan Fund is listed at $3,675,975 in investment assets.

Total monies stashed away in city pension funds – $283,897,025.

Remember, this is extra money in the fund, after all benefits were paid for 2009. This is the investment wealth. Employees have no equity in this money, as it is a private corporate government fund. If Aurora declares bankruptcy or a host of other ploys, this money will be liquidated, and none of that will be returned to the employees or the taxpayers who have been “contributing” it over the years.

A contribution is the act of giving your money away.

Employee contributions totaled – $4,795,873

City of Aurora (taxpayer money to “match”) contributions – $4,790,713

Pension funds are the scam of all scams, and the government employees have been duped into defending them with their souls, not comprehending that it isn’t even their money anymore, once they contribute it to the fund!!!

Taxpayer money is being redirected into these funds at an alarming rate. Some pension funds are called “non-contributory” funds, which means that only the government (taxpayer money) is funding the pension. Employees do not contribute to these funds.


Net Assets in the “Pension Trust Funds” as of December 31, 2009 $283,897,025



Page 71 -73 Internal Service Funds

More funds…

Page 72Statement of changes in net assets – We see the total for the following (3) Internal Service Funds listed as:

Fleet Management Fund
Print Shop Fund
Risk Management Fund

Totals for these funds are stated as $8,112,000

Again, this could be used for other things. The shell game continues…


Net Assets in the “Internal Service Funds” as of December 31, 2009 $8,112,000


Page 60 – 70Non-Major Governmental Funds

These are funds which are used to store revenue before it is spent, and to house that extra revenue that is not spent, and to transfer to other funds and liabilities (usually profitable ones).

They include Special Revenue Funds, Debt Service Funds, and Capital Projects Funds. Read the descriptions of each to get an idea of what they are used for starting on page 60-61.

(Fund balances can be found listed on page 66 – 70, in the chart called COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES” for Nonmajor Governmental Funds.)


SPECIAL REVENUE FUNDS – account for revenues from specific sources that are required legally or by management decision to be used for particular activities.

Gifts and Grants Fund

-> $4,985,909

Development Review Fund

-> $2,082,719

Abatement Fund

-> $1,244,185

Community Development Fund

-> $2,669,399

Enhanced E-911 Fund

-> $5 ,414,600

Conservation Trust Fund

-> $8,585,532

Emergency Contingency Fund

-> $241,172

Parks Development Fund

-> $4,202,949

Arapahoe County Open Space Fund

-> $8,841,223

Recreation Services Fund

-> $171,374

Cultural Services Fund

-> $971,000

Designated Revenues Fund

-> $19,983,620

Policy Reserve Fund

-> $21,332,318

TABOR Reserve Fund

-> $8,778,851

Cherry Creek Fence General Improvement District (GID)

-> $18,095

Aurora Urban Renewal Authority (AURA) General Fund –

-> $71,673


DEBT SERVICE FUNDS – account for the accumulation of resources to pay principal, interest and agency fees on governmental long-term debt.

City Debt Service Fund

-> $1,628,854

Special Improvement District (SID) Debt Service Fund

-> $2 96,371

Surplus and Deficiency Fund

-> $596,081

Aurora Urban Renewal Authority (AURA) Debt Service Fund

-> $1,357,231

Aurora Capital Leasing Corporation (ACLC) Debt Service Fund

-> $17,434,872


CAPITAL PROJECTS FUNDS – Capital Projects Funds are generally used on construction projects, restoration of infrastructure and buildings, etc… But it is important to understand that these funds are being invested. They can sit around for years before the actual project they are “funding” even gets started. Again, they are places to store revenue (taxpayer collections) while making a profit by investing that money. Evil.

City Capital Projects Fund

-> $23,525,670

Bond Proceeds Fund

-> $0.00

Building Repair Fund

-> $1,562,600

Aurora Capital Leasing Corporation (ACLC) Capital Projects Fund

-> $0.00


Page 70 – Fund Balances December 31, 2009 – After listing all of these funds out in detail under the NONMAJOR GOVERNMENTAL FUNDS STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES FOR THE YEAR ENDED DECEMBER 31, 2009, and listed as “Total Nonmajor Governmental”, we see that some are in the positive and some in the negative. But we can see that these funds added together total $135,996,298.


Page 70 – NET CHANGE IN FUND BALANCES – Here we can see that in total, as a collective fund balance, these funds grew by $9,756,515 in 2009, which was considered a bad year for investments and government budgets.


***Note: It is likely that much of these “non-major governmental funds” are actually designated for specific budgetary items, and the government will tell you this to keep you from claiming that they are hoarding the money in these funds. But in reality, there is no law or contract written for most of these funds that require that money to be used for the purposes they claim. Thus, they can close the fund at any time, not use it for its intended purpose, and/or transfer that money to other funds for their own investment fun! This will be a big debate by the government officials that you approach about using these funds for the benefit of the taxpayers. Do not let them get away with this. Ask them for the specific law or contract that proves their claim. Threaten them with treason and lying under oath, and be sure and film your encounter so that you have a record of their lies. Make them prove everything they say by backing it up with code or law. Good times…

You can read about restricted net assets on page 36.


Page 59General Fund Balance – This just states that the general fund has an extra $22,143,755, which was not used in the taxpayer’s interest to meet budgetary requirements for this year. This is a surplus in tax dollars collected.


Page 52RISK MANAGEMENT/CONTINGENT LIABILITIES – Just an explanation of how the money placed into funds is invested with the intent to pay for future obligations, in this case lawsuits. Read this entire paragraph a couple of times for your enjoyment and comprehension…

Also, know that many activities funded by government, including pensions, are actually paid for by the returns from investments by these funds! They even have a fund to pay for “self-insurance” of up to $1,000,000. This means that the city covers their employees with the investment return on some fund somewhere that makes at least a $1,000,000 in profit. And I suppose they transfer money from other funds when there is a bad year. I don’t believe Aurora is one of those cities, because it has a law which limits lawsuit amounts to $150,000 per person and $600,000 per incident. So private insurance from a carrier is better for the city, according to its managers. But that means that the people of this municipality are out of luck if their claim/lawsuit against the “city” is for more than this law allows for. Tyranny at it’s finest, with state laws that prevent a citizen from collecting proper damages from the private government corporation that caused their loss.

Simply stated… This and most other cities, counties, and states have funds for which they stash away and invest taxpayer money called “Risk Management Funds”. This is the money that is used to pay for lawsuits and other damages that are caused to the citizens (taxpayers) within that particular corporate government.

So the taxpayers are suing themselves when they sue the city, and can only acquire the money that is hiding in this fund for the protection of the city.

Lawsuits are paid for by the investment return on this fund! Brilliant!!!


Page 47PENSION PLANS AND OTHER POST-EMPLOYMENT BENEFITS

Here is the list of actual pension funds offered by the municipality (city). They are bulked into the funds discussed earlier.

The city of Aurora provides the following plans:

-General Employees’ Retirement Plan (GERP)
-Elected Officials’ and Executive Personnel Defined Benefit Plan (EOEP)
-Fire Pension Plan (Old Hire-Fire)
-Police Pension Plan (Old Hire-Police)
-Other Postemployment Benefits (OPEB)
-Fire Department Money Purchase Pension Plan (New Hire-Fire)
-Police Department Money Purchase Pension Plan (New Hire-Police)
-Executive Retirement Plan – Money Purchase Pension Plan (ERP)

Imagine, this is happening all over the country, in every state, county, municipality, district, etc… Each one being funded with taxpayer dollars at least equal to employee dollars, and sometimes up to 7000% more than what the employees are putting in themselves! And some are solely funded by taxpayer money!!!

Walter Burien has estimated that Pension Funds across the country account for $26 trillion dollars.

And none of that belongs to the people or to the employees of the government! A simple Presidential Directive, Executive Order, or the false-flag bankruptcy of a state government, and these funds are gone forever…


Page 37Restricted for Arbitrage – Very Important!!!!

Federal tax law provides that, with the exception of certain “temporary periods”, governments may not invest the proceeds of tax-exempt debt in a higher yielding taxable security. Arbitrage occurs if a government earns more than the yield allowed by law. Excess arbitrage earnings must be rebated to the Federal government. All outstanding bonds and COPs are reviewed annually for potential arbitrage rebate liability and corresponding reserves are established as necessary.

Arbitrage amounts anticipated to be paid with funds held in the City Debt Service Fund – $33,569.

This simply means that when the state, county, city, pension fund, and districts invest their money into certain investments, and then make what you might call an accidental or illegal profit above and beyond what is expected due to a glitch in the market system, that money must be given to the Federal government! This is cheating by the way, taking advantage of a mistake to make a profit – for instance buying and then immediately selling a stock or a currency for a profit that is an error, and will eventually just hurt the rest of the market, which must make up for that mistake somehow. Hard to explain, but the point is that governments across the country all do this, collectively making a fortune for the Federal Government, who does not complain about it much… instead forcing by law that this arbitrage profit be handed over to them! Crime of the century if you ask me…

This is an called an arbitrage profit.

Now imagine every government in the country, more than 185,000, acquiring wealth of this nature and sending it to the Fed…

Here is a good basic definition of arbitrage: http://economics.about.com/cs/finance/a/arbitrage.htm


Page 29 – 30CASH AND INVESTMENTS

Just read this section, as it is just telling us that the city has the “right” by state law (CODE) to invest, and it lists well over $1 billion in investments, much of which we have already covered.

Of course, all investments are not covered. The city makes loans and writes bonds for projects both within and outside of the city. This is listed as a liability, but will of course be an asset when the loan or bond is paid off.

Often the city will put cash in the bank, float a bond off of that cash, invest the money that is still in the bank being used as collateral for the bond, and then charge taxpayers for the debt service of the bond, while making investment profit on the cash that is still in the bank that the bond was backed by.

That’s the shell game…


Page 19 COMPONENT UNITS, Statement of net assets

The city is a business…

These are the side businesses or “joint-ventures” that the city is involved in.


Add an extra $76,611,082 in assets, over $33,000,000 of which is cash and liquid investments (stocks, etc…).


Page MD&A1MANAGEMENT DISCUSSION AND ANALYSIS…

“FINANCIAL HIGHLIGHTS”

And finally, last and actually least, we have the “Management’s Discussion and Analysis”.

This is a very basic statement, which does not include the majority of the wealth that we have uncovered in this report. Here is the Financial Highlights section on page MD&A1(Managers Discussion & Analysis). This is the CAFR for dummies, and is very deceiving because it includes buildings, vehicles, etc… While these are assets, they are not necessarily able to be “liquidated” like the stocks and other investments in the funds. It does include some of the assets we have talked about, but definitely not all by a long shot, since some funds are not required to be reported in this section, like “non-governmental funds”.

But even so, we can see that the city of Aurora is a very wealthy city. The CAFR States…

“The city’s assets exceeded liabilities at the end of 2009 by $4.3 billion (net assets). Of this amount, $362.4 million, or 8.4% was UNRESTRICTED and may be used to meet the city’s ongoing obligations.”

***Note: This is of course seriously and criminally misleading… as we have uncovered over $900 million in just the “Water Fund”, remember?

“Citywide net assets increased $89.4 million in 2009.”

This is why you must not stop at this section of the report, which of course is always the first section of the CAFR. It is the first false signpost you must see past to get an accurate accounting of your governments wealth and investment totals as reflected in the fund balances shown later in the report.

At best, this first section can be used to see capital assets (land, buildings, vehicles, etc…) that are owned by the city, and to see the taxes collected and spent. This is part of what is reported on the “Taxpayer Budget” every year to the people, which invariably always shows a “deficit”.

Obviously, this just isn’t the case. The CAFR never lies…

Well, sometimes!


So let’s add up just what we have uncovered here in these funds and investments:

Golf Fund =                                     $24,927,256

Waste Water Fund =                $430,862,335

Water Fund =                             $944,082,042

General, TABOR Reserve,
and Policy Reserve Funds =     $52,245,924

Pension Trust Funds =            $283,897,025

Internal Service Funds =             $8,112,000

Non-Governmental Funds =  $135,996,298 (This includes the TABOR and Policy Reserve Funds, so – $8,778,851 and $21,332,318 totaling $30,111,169.)
+                                                  So… — $30,111,169   
—————————————————————
TOTAL FUND BALANCES = $1,850,011,711


So, total fund balances which can be used or liquidated to be used for the taxpayer’s benefit = $1.85 billion


In retrospect, the population of this town as stated on the CAFR above is 314,326 people.

$1.85 billion equates to the government holding about $5,885 in cash for each person in the “city”, not including the other assets included in the $4.3 billion stated in the total assets statement (buildings, land, vehicles, etc…).

But these folks are also being taxed by the county, the school district, and the state government. So there is a whole other can of worms…

Also, the CAFR is a cumulative accounting of government wealth, not just one year. So as a comparison, just these fund balances (not including capital assets as listed in the “Financial Analysis”) also represent about 40% of the total income earned in 2009 by the entire population of the city!


——————————End Of Report——————————-


Now, I am no financial expert, so there is much more to these reports than I can tell you here – secrets way too deep for my newly trained eye. And if you go far enough back, you will find “discrepancies” and wonder just what happened to all that money! There are certainly other wealth bases and investments that are eluding me as well. But this is a classic example of most municipalities and counties across the nation.

And remember this is just the city, not the county or districts within, which each have their own separate funds, investments, and report on a separate CAFR. And the state has it’s own government and CAFR as well, for which you pay your taxes to.

I hope that this helps you in your efforts to understand and read the legalese that is the Comprehensive Annual Financial Report. May this be your guide.

And remember…

None are more hopelessly enslaved than those who falsely believe they are free.” –Johann Wolfgang von Goethe

Keep up the good fight!

.

For more information on CAFR’s, please go to these websites:

TheCorporationNation.com

—  CAFR1.com

CafrMan.com (R.I.P. Our hero, Gerald R. Klatt)

.

.

-Clint Richardson (realitybloger.wordpress.com)

Thursday, March 3rd, 2011

Wisconsin’s Real Financial Situation Explained


The following is a list of totals reported in the Wisconsin State Comprehensive Annual Financial Report (CAFR), fiscal year ending June 30, 2010.

The individual funds and investments that make up these totals are listed in detail below these fund “totals”.

All of this is sourced from the state’s 2010 CAFR, which can be downloaded at the state governments website, here: http://www.doa.state.wi.us/subcategory.asp?linksubcatid=374&locid=3

It may also be viewed online here: http://www.docstoc.com/docs/23131666/Wisconsin-Comprehensive-Annual-Financial-Report

Page numbers are listed, so you can follow along in the CAFR for verification, and my comments are in red.

And now, the answer to the question… Is the State of Wisconsin bankrupt?

First, let’s have a look at what Wisconsin has in its investment funds, which is not being reported to the taxpayers of the state or of America…

(See below for explanation)

————————————————————————————————————–

TOTAL PRIMARY GOVERNMENT “VARIOUS FUNDS”

-> $4,403,000,000

TOTAL UNIVERSITY OF WISCONSIN SYSTEM (UW) FUND

-> $365,800,000

TOTAL WISCONSIN HOUSING AND ECONOMIC DEVELOPMENT AUTHORITY FUND

-> $1,023,000,000

TOTAL UNIVERSITY OF WISCONSIN AND CLINICCS AUTHORITY FUND

-> $127,400,000

TOTAL STATE FAIR PARK EXPOSITION CENTER INC FUND

-> $200,000

TOTAL WISCONSIN HEALTH CARE LIABILITY INSURANCE PLAN (WHCLIP) FUND

-> $72,000,000

TOTAL UNIVERSITY OF WISCONSIN FOUNDATION FUND

-> $2,006,000,000

TOTAL STATE INVESTMENT FUND (SIF)

-> $6,603,000,000

TOTAL IN THE RISK MANAGEMENT FUND

-> $94,847,000

TOTAL NONMAJOR GOVERNMENTAL FUNDS

-> $664,459,000

TOTAL NONMAJOR ENTERPRISE FUNDS listed as “All Nonmajor Funds”

-> $1,446,072,000

TOTAL INTERNAL SERVICE FUNDS listed as “totals”

-> $350,107,000

TOTAL PENSION AND OTHER EMPLOYEE BENEFIT TRUST FUNDS listed as “Totals”

-> $66,937,157,000

TOTAL INVESTMENT TRUST FUNDS listed as “Totals”

–> $2,606,398,000

TOTAL PRIVATE-PURPOSE TRUST FUNDS listed as “Totals”

–> $2,265,681,000

TOTAL AGENCY FUNDS listed as “Totals”

-> $334,837,000
——————————

TOTAL FUND INVESTMENTS (From above list)

-> $89,299,958,000

————————————————————————————————————–

(LISTED IN TABLE 3 CHANGES IN NET ASSETS)

TOTAL NET ASSETS

-> $11,693,400,000

TOTAL CAPITAL ASSETS (WITHOUT DEDUCTIONS FOR LONG-TERM LIABILITIES)

-> $22,487,900,000
——————————

TOTAL NET ASSETS

-> $34,181,300,000

————————————————————————————————————–

TOTAL ASSETS (CAPITAL AND INVESTMENTS) FOUND IN 2010 STATE CAFR

-> $123,481,258,000

————————————————————————————————————–

Note: This should not be construed to be a representation of all hidden wealth and investments within the state government of Wisconsin, but rather the ones that jump off the page to the semi-trained eye. Revenue bonds and other investment assets and future profits are still beyond my scope of translation.

But to put this state government wealth into perspective… The population of the state of Wisconsin as of 2010 was 5,686,986 people. The above figure of over $123 Billion represents investments and capital net assets, which total $21,712 per person in the state of Wisconsin. Remember… many of those people are kids with no income!

This summary compilation of the wealth of the state of Wisconsin is for one purpose: to show exactly what the Wisconsin state government is holding in cash and liquid investments, and not hiding this wealth by stating what their “future obligations” are. So the above figure is what the state had in actual assets, cash, and investments as of June 30, 2010, after liabilities were already paid, and not what it will spend later (which is just their way to hide this current wealth as reported by attaching its value to future financial obligations). Compare this with your exact personal bank account balance today, not what it will be next week or in 5 years (or once future bills are paid with future checks). This is the balance today, and it includes your savings and investments at their value today, not in the future.

While the State government will tell us that these funds are designated or “restricted” to the funds that house them, there is no law that says this is the case, and they are transferred between each fund (intra-fund) all of the time. Do not let these crooks tell you that these funds and investments are restricted without proof. SHOW US THE LAW!

This is rightly taxpayer money, and it could and should be used for taxpayer purposes. Instead, it is being withheld from the public (taxpayers), invested in these funds, and used for “business activities” within this for-profit corporation known as the “State of Wisconsin”. There is no reason that any government (meaning the people; the public) should be in debt, at all, with this kind of hidden wealth.

The state of Wisconsin is obviously far from bankrupt!

————————————————————————————————————–

***Note: This is just the state corporation (government), and does not include the counties, municipal corporations (cities), towns, school districts, and other corporate governments within the state of Wisconsin. Each of these “governments” has their own investments, funds, and assets, which are listed separately on each of their CAFR’s. The assets of all of these individual government corporations within the state do not appear on the state CAFR.

There are 72 counties in the State of Wisconsin.

There are 190 cities (municipal corporations) in the State of Wisconsin (as of 2006).

There are 1,260 towns in the State of Wisconsin (some the same as cities).

There are 370 school districts in the State of Wisconsin (approx).

All of these are different government corporations. All of these have separate CAFR’s.

Malls, movie theaters, golf courses, most other commercial real estate entities, electric and gas companies, water and sewage companies, universities and colleges, parks and zoos, parking meters and garages, toll roads and bridges, and many other types of government owned businesses are all part of individual governments listed in their CAFRs.

The total wealth of the state of Wisconsin can only truly be measured by adding up the investments, assets, funds, enterprise operations (businesses), and other government wealth and investments within each of these individual corporate governments, through each county and local government Comprehensive Annual Financial Report.

————————————————————————————————————–

***Note: There is a rabid defense of pension funds by the government employees who benefit from them, and of course by the government who controls and profits from them and their investments. But it is important to understand that the money that is being contributed to these pension funds is also taxpayer money. In 2009, the amount contributed to the Wisconsin Retirement System by state employees was $736,689,000. But the amount contributed by taxpayers who are not employees of any state office (ordinary taxpaying citizens) was $632,706,000. In other words, over $632 million in taxpayer money went to support this pension fund system in the form of government employer contributions, which could have gone to support government activities that would support the taxpayers themselves or to pay off debt. Government Employers are funded with taxpayer money. Thus their contributions are coming from taxpayer money. Simple.

The Wisconsin Retirement System pension fund made a $10.5 Billion dollar profit (return on investment) in fiscal year 2009, and a $5.4 Billion dollar profit in fiscal year 2010.

This was after all benefits and liabilities were paid for the year. This money is in no way benefiting the taxpayers of the state. This was pure profit for the fund – the return on investments!!!

***Note: This is what I could find looking at the Wisconsin State CAFR, and represents the assets and investments as reported by the state at the end of fiscal year 2010, which ended June 30, 2010. Thus, these are the totals as of that date (06/30/10) – which is the latest Comprehensive Annual Financial Report available for viewing to the public. This took two full days of reading and research to acquire. While I made every attempt at accuracy, I have no financial background. Crosschecking my accuracy and verifying if I accidentally reported any items twice is suggested. You have the report at your fingertips…

-Clint Richardson-
March 1, 2011

————————————————————————————————————–

The information below is pulled straight from the 2010 CAFR for the State of Wisconsin…

Download here: http://www.doa.state.wi.us/subcategory.asp?linksubcatid=374&locid=3

(My comments are in red)

————————————————————————————————————–

(Page 19)

FINANCIAL HIGHLIGHTS — PRIMARY GOVERNMENT

The State of Wisconsin, like the rest of the nation, experienced an economic decline that persisted from Fiscal Year 2009 in to Fiscal Year 2010. To assist in stimulating the economy, the federal 2009 American Recovery and Reinvestment Act (ARRA) provided tax relief and additional funding for approximately 132 federal programs administered by at least 16 different state agencies. Both events impacted the financial results reported for the State.

Government-wide (Tables 2 and 3 on Pages 22 and 23)

Net Assets. The assets of the State of Wisconsin exceeded its liabilities at the close of Fiscal Year 2010 by $11.7 billion (reported as “net assets”). Of this amount, $(9.9) billion was reported as “unrestricted net assets”. A positive balance in unrestricted net assets would represent the amount available to be used to meet a government’s ongoing obligations to citizens and creditors.

Changes in Net Assets. The State’s total net assets decreased by $29.3 million in Fiscal Year 2010. Net assets of governmental activities increased by $31.7 million or 0.6 percent, while net assets of the business-type activities showed a decrease of $61.0 million or 1.0 percent.

Excess of Revenues over (under) Expenses — Governmental Activities. During Fiscal Year 2010, the State’s total revenues for governmental activities of $26.2 billion were $1.3 billion more than total expenses (excluding transfers) for governmental activities of $24.9 billion. Of these expenses, $12.6 billion were covered by program revenues. General revenues, generated primarily from various taxes, totaled $13.6 billion.

Note: The State of Wisconsin, as listed under Table 3: “Changes in Net Assets”, earned $34.84 Billion in tax-based revenues, which represents a $3.89 Billion increase in revenue generation for the state. In other words, the state government through its business activities related to taxpayers earned over 3.8 billion dollars more profit than they did in the 2009 fiscal year at the taxpayers expense (See Table 3 on page 23 of the CAFR).

This Financial Highlights section makes it appear that the Wisconsin government is in trouble, but I assure you this is not the case.

Net assets of the State are listed here as well at $11,693,400,000. But this does not include the funds we will be going over starting now…

————————————————————————————————————–

(Page 75)

NOTE 5. DEPOSITS AND INVESTMENTS

The State maintains a short-term investment “pool”, the State Investment Fund, for the State, its agencies and departments, and certain other public institutions which elect to participate. The investment “pool” is managed by the State of Wisconsin Investment Board (the Board) which is further authorized to carry out investment activities for certain enterprise, trust and agency funds. A small number of State agencies and the University of Wisconsin System also carry out investment activities separate from the Board.

————————————————————————————————————–

(Page 76)

B. Investments

1. Primary Government
Wisconsin Statutes, program policy provisions, appropriate governing boards, and general resolutions contained in revenue bond indenture documents define the types of securities authorized as appropriate investments and the conditions for making investment transactions.

Investments of the State are managed by various portfolios. For disclosure purposes, the following investment portfolios are discussed separately:

Primary government, excluding the University of Wisconsin System, the Wisconsin Retirement System and the State Investment Fund. The primary government portfolios include various funds managed by the State of Wisconsin Investment Board consisting of the following:

— Local Government Property Insurance Fund (LGPIF)
— State Life Insurance Fund (SLF)
— Injured Patients and Families Compensation Fund (IPFCF)
— Historical Society Fund
— Tuition Trust Fund

University of Wisconsin System (UWS)

Wisconsin Retirement System (WRS)

State Investment Fund (SIF) — functions as the State’s cash management fund by “pooling” the idle cash balances of all State funds and other public institutions. Investments of the SIF are discussed in section B 3 of this note disclosure.

The State of Wisconsin Investment Board (the Board) has exclusive control over the investments of the Local Government Property Insurance Fund (LGPIF), the State Life Insurance Fund (SLF), the Injured Patients and Families Compensation Fund (IPFCF), the Historical Society Fund, and the Tuition Trust Fund, which are collectively known as the “various funds”.

————————————————————————————————————–

(Page 77)

Custodial Credit Risk
Custodial credit risk is the risk that, in the event of a failure of the counterparty, the State will not be able to recover the value of the investment or collateral securities that are in the possession of an outside party.

So the states investments (taxpayer money) are at risk of loss with no recovery or insurance while it is being invested without the consent or knowledge and comprehension of the taxpaying public.

————————————————————————————————————–

Primary Government (excluding the University of Wisconsin System (UWS), the Wisconsin Retirement System (WRS), and the State Investment Fund (SIF))

At June 30, 2010, the reported amount of investments of the primary government, including the various funds, was $4,403.7 million, of which $286.9 million is reported as cash equivalents and $327.0 million is reported as “Other Assets”. The primary government, including the various funds, does not have an investment policy specifically for custodial credit risk, however, at June 30, 2010, the primary government had no custodial credit risk exposure for these investments.

(in millions, The Primary Government Funds called “Various Funds”, which include the LGPIF, the SLF, the IPFCF, the Historical Society Fund, and the Tuition Trust Fund have $4.403 Billion Dollars in investments)

————————————————————————————————————–

Wisconsin Retirement System (WRS)

All assets of the WRS are invested by the State of Wisconsin Investment Board (the Board). The WRS consists of shares in the core retirement trust fund and the variable retirement trust fund…

The retirement fund assets consist of shares in the Variable Retirement Investment Trust and the Core Retirement Investment Trust. The Variable Retirement Investment Trust consists primarily of equity securities. The Core Retirement Investment Trust is a balanced investment fund made up of fixed income securities and equity securities. Shares in the Core Retirement Investment Trust are purchased as funds are made available from retirement contributions and investment income, and sold when funds for benefit payments and other expenses are needed.

The assets of the Core and Variable Retirement Investment Trusts are carried at fair value with all market value adjustments recognized in current operations. Investments are revalued monthly to current market value. The resulting valuation gains or losses are recognized as income, although revenue has not been realized through a market-place transaction.

The investments of the core retirement trust fund consist of a highly diversified portfolio of securities. Wis. Stat. Sec. 25.182 authorizes the Board to manage the core retirement trust fund in accordance with “prudent investor” standard of responsibility as described in Wis. Stat. Sec. 25.15(2) which requires that the Board manage the funds with the diligence, skill and care that a prudent person acting in a similar capacity and with the same resources would use in managing a large public pension fund.

At June 30, 2010, the WRS investments were $66.6 billion. The WRS does not have a formal policy for custodial credit risk. As of June 30, 2010, the WRS held eighteen tri-party repurchase agreements totaling $787.0 million.

(The Wisconsin Retirement System (WRS) has over $66 billion in investments.)

————————————————————————————————————–

University of Wisconsin System (UWS)

At June 30, 2010, the UWS investments were $365.8 million, of which $26.7 million is reported as cash equivalents. The UWS’s investments are registered in the name of the UWS and the UWS does not participate in any securities lending programs through its custodian bank. Investment securities underlying the UWS’s investment in shares of external investment pools or funds are in custody at those funds. The shares owned in these external investment pools are registered in the name of the UWS.

(The University of Wisconsin System (UW) has $365.8 million in investments.)

————————————————————————————————————–

(Page 89)

2. Component Units
…except for the Wisconsin Health Care Liability Insurance Plan and the University of Wisconsin Foundation (Other Component Units)

Wisconsin Housing and Economic Development Authority (Authority) – The Authority is required by statute to invest at least fifty percent of its General Fund funds in obligations of the State, of the United States, or of agencies or instrumentalities of the United States, or obligations, the principal and interest of which are guaranteed by the United States, or agencies or instrumentalities of the United States. Each investment portfolio specifies what constitutes a permitted investment and such investments may include obligations of the U.S. government and agencies securities; corporate bonds and notes; money market mutual funds; commercial paper; and repurchase agreements and investment agreements.

The Authority enters into collateralized investment contracts with various financial institutions. The investment contracts are generally collateralized by obligations of the United States government.

The Authority is also authorized to invest its funds in the State Investment Fund.

The Authority’s aggregate investments at June 30, 2010 were $1,023.7 million of which $843.8 million are reported as cash equivalents.

(In millions, The Wisconsin Housing and Economic Development Authority has $1.023 billion in investments)

————————————————————————————————————–

University of Wisconsin Hospital and Clinics Authority – The University of Wisconsin Hospitals and Clinics Authority’s (the Hospital) aggregate investments at June 30, 2010 were $375.6 million of which $248.2 million (invested with the University of Wisconsin Foundation, see investment disclosure discussion for the University Wisconsin Foundation) are reported as “Cash and Investments with Other Component Units.” The board of directors has authorized management to invest in debt and equity securities.

(In millions, The University of Wisconsin Hospital and Clinics Authority has $375.6 million, $127.4 million of which is not invested in the University fund (see above))

————————————————————————————————————–

State Fair Park Exposition Center, Inc. – The aggregate investments at December 31, 2009 were $.2 million consisting of money market funds reported as cash equivalents.

(In millions, The State Fair Park Exposition Center, Inc has $200 thousand in investments)

————————————————————————————————————–

(Page 91)

Other Component Units

Wisconsin Health Care Liability Insurance Plan (WHCLIP) – Aggregate investments of the WHCLIP were $72.0 million, of which $13.2 million are money market and other highly liquid debt instruments reported as cash equivalents.

The WHCLIP does not hold investments in any one issuer that exceeds 5 percent of total assets.

As of December 31, 2009, the WHCLIP did not own any issues denominated in a foreign currency.

Excluded investments include: bonds rated below A by a major rating service at the time of purchase, foreign bonds not denominated in U.S. currency, futures transactions, short selling, use of margin, derivatives and hedge funds.

The investments of the WHCLIP at December 31, 2010 were $58.9 million consisting of the following (in millions):

Amortized Estimated Investment Type Cost Fair Value

U.S. Treasury securities and
–   obligations of the U.S. government
–   corporations and agencies                    $10.1
Debt securities issued by foreign
–   governments and corporations             $3.2
Industrial and miscellaneous                   $25.5
Loan-backed securities                              $24.2

Total                                                         $63.0

(In millions, The WHCLP Fund has $72 million in investments)

————————————————————————————————————–

(Page 92)

University of Wisconsin Foundation (the Foundation) – Aggregate investments of the Foundation are $2,006.6 million.

The following table summarizes the types of investments of the Foundation at December 31, 2009 (in millions):

Investment Type Fair Value

Bond and debentures    $455.5
Stocks                                $512.2
Bond funds                      $106.0
Stock funds                        $25.5
Hedge funds                    $478.4
Limited partnerships     $278.6
Real asset funds              $146.2
Other funds                          $4.2

Total                         $2,006.6

(in millions, University of Wisconsin Foundation Fund has $2.006 Billion in investments)

————————————————————————————————————–

(Page 101)

Component Unit

University of Wisconsin Foundation – The University of Wisconsin Foundation’s (the Foundation) endowment consists of 3,067 individual funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the Board of Directors to function as endowments. Net assets associated with endowment funds, including funds designated by the Board of Directors to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions.

The Board of Directors has interpreted the Uniform Management of Institutional Funds Act (UPMIFA) as requiring the preservation of fair value of the original gift as of the gift date of the donorrestricted endowment funds absent explicit donor stipulations to the contrary. As a result of this interpretation, the Foundation classifies as permanently-restricted net assets (a) the original value of gifts donated to the permanent endowment, (b) the original value of subsequent gifts to the permanent endowment, and (c) accumulations to the permanent endowment made in accordance with the direction of applicable donor gift instrument at the time the accumulation is added to the fund. The remaining portion of the donor-restricted endowment fund that is not classified in permanently-restricted net assets is classified as temporarily-restricted net assets until those amounts are appropriated for expenditure by the organization in a manner consistent with the standard of prudence prescribed by UPMIFA. In accordance with UPMIFA, the organization considers the following factors in making a determination to appropriate or accumulate donor-restricted endowment funds:

• The duration and preservation of the fund
• The purpose of the Foundation and the donor-restricted endowment fund
• General economic conditions
• The possible effect of inflation and deflation
• The expected total return from income and the appreciation of investments
• Other resources of the Foundation
• The investment policies of the Foundation

Endowment Net Asset Composition by Type of Fund as of December 31, 2009 (in millions):

Unrestricted  –  Temp. Restricted  –  Perm. Restricted  –  Total

$(38.2)                        $175.0                        $749.5            $886.3

(In other words, the Board Of Directors of the University of Wisconsin Foundation have made the original donations made by a donor(s) (known as endowments) a restricted money base, meaning it cannot be used for anything else. But the money made on the investment gains from these donations, the capital gains, are designated as “unrestricted” and can be used or transferred elsewhere in government or into these types of secretive funds not reported to the taxpayer on the annual taxpayer budget report.)

(So… In millions, The University Of Wisconsin Fund also includes $886.3 million in cash and investments, which are “donor-restricted”.)

(Page 100)

The University of Wisconsin System invests its trust funds, principally gifts and bequests designated as endowments or quasi-endowments, in two of its own investment pools: the Long Term Fund and the Intermediate Term Fund. Benefiting University of Wisconsin System entities receive quarterly distributions from the Long Term Fund, principally endowed assets, based on an annual spending rate applied to a 12-quarter moving average market value of the fund…

University of Wisconsin System investment policies and guidelines for the Long Term Fund and Intermediate Term Fund are governed and authorized by the Board of Regents.

The fair value of Endowments as of June 30, 2010 was $370.7 million including an unrealized gain of $38.4 million when fair values as of June 30, 2010 are compared to asset acquisition costs. This compares to a fair value as of June 30, 2009 of $336.9 million. The net increase in fund balance during 2009-10 was $33.8 million. (That’s profit!)

————————————————————————————————————–

(Page 102)

Celebrate Children Foundation, Inc
The Celebrate Children Foundation Inc. (CCF) endowment includes both donor-restricted funds and funds designated by the Board of Directors to function as endowments. As required by generally accepted accounting principles, net assets associated with endowment funds, including funds designated by the Board of Directors to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions. The Board of Directors of the CCF has interpreted the State Prudent Management of Institutional Funds Act (SPMIFA) as requiring the preservation of the fair value of the original gift as of the gift date of the donor-restricted endowment funds absent explicit donor stipulations to the contrary. As a result of this interpretation, the CCF classifies as permanently restricted net assets (a) the original value of gifts donated to the permanent endowment, (b) the original value of subsequent gifts to the permanent endowment, and (c) accumulations to the permanent endowment made in accordance with the direction of the applicable donor gift instrument at the time the accumulation is added to the fund…

(Page 103)

…The CCF expects the current spending policy to allow its endowment funds to grow at a nominal average rate of 3 percent annually. This is consistent with the CCF’s objective to maintain the purchasing power of the endowment assets as well as to provide additional real growth through new gifts and investment return. (But what about the children???)

Endowment net asset composition as of June 30, 2010:

–                      Unrestricted  –  Perm-Restricted  –  Total

Donor-restricted       $ —                   $1,083,214         $1,083,214

Unrestricted

Board-designated  (14,812)                     —                      (14,812)

Total                   $(14,812)          $1,083,214     $1,068,402

(In millions, Celebrate Children Foundation, Inc Fund includes $1.068 million in cash and investments which are “donor-restricted”.)

————————————————————————————————————–

(Page 93)

3. State Investment Fund

The State Investment Fund (SIF) functions as the State’s cash management fund by “pooling” the idle cash balances of all State funds and other public institutions. In the State’s Comprehensive Annual Financial Report, the SIF is not reported as a separate fund; rather, each State fund’s share in the “pool” is reported on the balance sheet as “Cash and Cash Equivalents.” Shares of the SIF belonging to other participating public institutions are presented in the Local Government Pooled Investment Fund, an investment trust fund.

Wis. Stat. Secs. 25.17(3)(b), (ba), (bd) and (dg) enumerate the various types of securities in which the SIF can invest, which include direct obligations of the United States or its agencies, corporations wholly owned by the Untied States or chartered by an act of Congress, securities guaranteed by the United States, unsecured notes of financial and industrial issuers, direct obligations of or guaranteed by the government of Canada, certificates of deposit issued by banks in the United States and solvent financial institutions in Wisconsin, and bankers acceptances. Other prudent investments may be approved by the State of Wisconsin Investment Board’s (the Board) Board of Trustees.

Investments are valued at fair value for financial statement purposes and amortized cost for purposes of calculating income to participants. The custodial bank has compiled fair value information for all securities by utilizing third party pricing services. The fair value of investments is determined at the end of each month. Government and agency securities and commercial paper are priced using matrix pricing. This method estimates a security’s fair value by using quoted market prices for securities with similar interest rates, maturities, and credit ratings. Short-term debt investments with remaining maturities of up to 90 days are valued using amortized costs to estimate fair value, provided that the fair value of those investments is not significantly affected by the impairment of the credit standing of the issuer or by other factors. Repurchase agreements and nonnegotiable certificates of deposit are valued at cost because they are nonparticipating contracts that do not capture interest rate changes in their value. In addition, a bond issued by another State agency having a par value of $21.2 thousand is valued at par, which management believes approximates fair value.

(Page 94)

For purposes of calculating earnings to each participant, all investments are valued at amortized cost. Specifically, income is distributed to pool participants’ monthly based on their average daily share balance. Distributed income includes realized investment gains and losses calculated on an amortized cost basis, interest income based on stated rates (both paid and accrued), amortization of discounts and premiums on a straight-line basis, and investment and administrative expenses. This method differs from the fair value method used to value investments because the amortized cost method is not designed to distribute to participants all unrealized gains and losses in the fair values of the pool’s investments.

Custodial Credit Risk

The custodial credit risk for investments is the risk that, in the event of the failure of the counterparty to a transaction, the Board will not be able to recover the value of investments or collateral securities that are in the possession of an outside party. Investments are exposed to custodial credit risk if the securities are uninsured and unregistered and are either held by the counterparty or by the counterparty’s trust department or agent but not in the name of the Board.

At June 30, 2010, the reported amount of investments was $6,603.9 million. The SIF had no custodial credit risk exposure for these investments.

Interest Rate Risk
Interest rate risk is defined as the risk that changes in interest rates will adversely affect the fair value of investments. The weighted average maturity method is used to analyze interest rate risk and investment guidelines mandate that the weighted average maturity for the entire portfolio will not exceed one year. At June 30, 2010, the following table shows the investments by investment type, amount and the weighted average maturities (in millions):

Weighted Average Investment Fair Value

Bank NOW account deposits      $755.6
Repurchase agreements           $1,249.0
Government and agency          $4,599.0
Certificates of deposit                      $0.3
Mortgage backed securities        $331.0

Total                                       $6,603.9

(In millions, The State Investment Fund has $6.603 Billion Dollars in investments)

————————————————————————————————————–

(Page 95)

4. Lottery Investments and Related Future Prize
Obligations

Investments of the State Lottery Fund totaling $64.0 million are held to finance grand prizes payable over a 20-year or 25-year period. The investments in prize annuities are debt obligations of the U.S. government and backed by its full faith and credit as to both principal and interest. Liabilities related to the future prize obligations are presented at their present value and included as Accounts Payable and Other Accrued Liabilities.

(in thousands, there is $64 Million Dollars in investments in the “Lottery Fund”)

————————————————————————————————————–

(Page 128)

G. Arbitrage Rebate
The Tax Reform Act of 1986 requires that governmental entities issuing tax-exempt debt subsequent to August 1986, calculate and rebate arbitrage earnings to the federal government. Specifically, the excess of the aggregated amount earned on investments purchased with bond proceeds over the amount that would have been earned if the proceeds were invested at a rate equal to the bond yield, is to be rebated to the federal government. As of June 30, 2010, a liability for arbitrage rebate did not exist.

(Though it didn’t happen in fiscal year 2010, some investment income called “arbitrage” is given to the Federal Government as a penalty (tax) for making what you might call other than legal investment returns.)

————————————————————————————————————–

(Page 142)

NOTE 19. SELF-INSURANCE
It is the general policy of the State not to purchase commercial insurance for the risks of losses to which it is exposed. Instead, the State believes it is more economical to manage its risks internally and set aside assets for claim settlement in its internal service fund, the Risk Management Fund. The fund services most claims for risk of loss to which the State is exposed, including damage to State owned property, liability for property damages and injuries to third parties, and worker’s compensation. All funds and agencies of the State participate in the Risk Management Fund.

Changes in the balances of claims liability for the Risk Management Fund during the current and prior fiscal years are as follows (in thousands):

–                                                                  2010               2009

Beginning of fiscal year liability      $103,119         $95,000

Current year claims and changes
in estimates                                          $21,376          $41,508

Claim payments                                  (28,278)         (28,089)
–                                                      _____________________

–                                                              $96,217          $108,419

Excess insurance reimbursable        (1,370)            (5,300)
–                                                      _____________________

Balance at fiscal year-end       $94,847       $103,119

(In thousands, the Risk Management Fund used for lawsuits against the state and for worker’s comp (taxpayer money in this fund) is 94.84 million dollars.)

————————————————————————————————————–

And now, listed here are the individual funds where much of this money is being hidden and invested. This is a list of all reported funds. A description of each fund can be found in the CAFR. Page numbers are listed as reference to those descriptions. Many of these funds grew (made a profit) for fiscal year 2010 over 2009 totals, some by millions of dollars (see balance sheet). Only the totals for each fund are listed here, as presented in the combining balance sheets following the descriptions of the funds within the 2010 CAFR. Some funds are grouped into total balances on the balance sheet, and these are notated as (see below).

————————————————————————————————————–

(Pages 169-182)

NONMAJOR GOVERNMENTAL FUNDS

SPECIAL REVENUE: Special revenue funds account for the proceeds of specific revenue sources that are legally restricted to expenditures for a specified purpose. The State’s special revenue funds are described below:

The Conservation Fund

–> $92,152,000

The Election Administration Fund

–> $16,244,000

The Utility Public Benefits Fund

–> $20,491,000

The Petroleum Inspection Fund

–> $14,132.000

The Wisconsin Public Broadcasting Foundation Fund

-> $12,393,000

The Celebrate Children Foundation Fund

–> $1,523,000

The Heritage State Parks and Forests Fund

–> (See Below)

The Waste Management Fund

–> (See Below)

The Environmental Fund

–> (See Below)

The Dry Cleaner Environmental Response Fund

–> (See Below)

The Recycling and Renewable Energy Fund

–> (See Below)

Total for above (5) funds listed as “Other Environmental Revenue Funds” above

$87,843,000

OTHER SPECIAL REVENUE FUNDS – account for resources that must be used for specific purposes and include the following:

The Wisconsin Election Campaign

-> (See Below)

The Investment and Local Impact

-> (See Below)

The Industrial Building Construction Loan Fund

-> (See Below)

————-

(Page 170)

————-

The Self-insured Employers Liability Fund

-> (See Below)

The Work Injury Supplemental Benefit Fund

–> (See Below)

The Workers Compensation Fund

–> (See Below)

The Uninsured Employers Fund

–> (See Below)

The Mediation Fund

–> (See Below)

The Police and Fire Protection Fund

–> (See Below)

The State Capitol Restoration Fund

–> (See Below)

The Agricultural Chemical Cleanup Fund

–> (See Below)

The Agrichemical Management Fund

-> (See Below)

The Agricultural Producer Security Fund

–> (See Below)

The Historical Legacy Trust Fund

–> (See Below)

The History Preservation Partnership Trust Fund

–> (See Below)

The Wireless 911 Fund

–> (See Below)

The VendorNet Fund

–> (See Below)

The Universal Service Fund

–> (See Below)

The Children’s Trust Fund

–> (See Below)

Total for above (19) funds listed as “Other Special Revenue Funds”

-> $80,155,000

(Total Special Revenue Funds – $324,932,000)

————-

(Page 170)

————-

DEBT SERVICE FUNDS: Debt service funds account for the accumulation of resources for, and the payment of, principal, interest and related costs of general long-term obligations:

The Bond Security and Redemption Fund

-> $20,039,000

The Annual Appropriation Bonds

-> $33,905,000

The 2009 Annual Appropriation Bonds

-> $126,000

The Badger Tobacco Asset Securitization Fund

-> $8,564,000

The Petroleum Inspection Revenue Bonds Fund

–> $4,393,000

The Transportation Revenue Bonds Fund

–> $149,968,000

(Total Debt Service Funds – $216,994,000)

CAPITAL PROJECTS FUNDS: Capital projects funds account for financial resources used for the acquisition, construction, renovation or repair of major capital facilities (other than those financed by proprietary funds and trust funds). The State’s capital projects funds are described below:

The Building Trust

–> $24,775,000

The Capital Improvement Fund

–> $39,135,000

The Transportation Revenue Bonds Fund

–> $24,243,000

(Total Capital Projects Funds – $88,153,000)

PERMANENT FUNDS: Permanent funds are used to report resources
that are legally restricted to the extent that only earnings,
principal, may be used to support the State’s programs:

The Historical Society Fund –>

$9,400,000

The Other Permanent Fund accounts for various resources legal restrictions requiring that principal remain intact and earnings may be spent, including the following:

• The Agricultural College and University statutory funds

–> (See Below)

• The Normal School statutory fund

-> (See Below)

• The Benevolent statutory fund

–> (See Below)

Total for above (3) funds listed as “Other Permanent Funds”

> $24,980,000

(Total Permanent Funds – $34,380,000)

—————————————————————————————-

(TOTAL NONMAJOR GOVERNMENTAL FUNDS – $664,459,000)

—————————————————————————————-

(Pages 183-191)

NONMAJOR ENTERPRISE FUNDS

ENTERPRISE FUNDS: Enterprise funds account for business-like State
activities that provide goods and/or services to the public and are
financed primarily through user charges. The State’s enterprise
funds are described below:

The Lottery Fund

–> $158,368,000

The Income Continuation Insurance Fund

–> $82,794,000

The Long-term Disability Insurance Fund

–> $218,977,000

The Health Insurance Fund

–> $216,313,000

The Veterans Trust Fund

–> $54,736,000

The Veterans Mortgage Loan Repayment Fund

–> $288,514,000

The Care and Treatment Facilities Funds – account for various
resident facilities including:

• The Mendota Mental Health Institute Fund

–> $31,804,000

• The Winnebago Mental Health Institute Fund

–> $26,047,000

• The Homes For Veterans Fund

–> (See Below)

• The Northern, Central, and Southern Developmental Disabilities Center Funds

–> (See Below)

Total for above (2) funds listed as “Other Care and Treatment Facilities”

-> $120,426,000

OTHER ENTERPRISE FUNDS: account for the following programs:

The State Fair Park Fund

–> (See Below)

The Institutional Farm Operations Fund

–> (See Below)

The Correctional Canteen Operations Fund

–> (See Below)

The Local Government Property Insurance Fund

–> (See Below)

The State Life Insurance Fund

–> (See Below)

The Transportation Infrastructure Loan Fund

–> (See Below)

The Life Insurance Fund

–> (See Below)

Total for above (7) funds listed as “Other Enterprise” funds

-> $248,093,000

——————————————————————————————————-

(TOTAL NONMAJOR ENTERPRISE FUNDS listed as “All Nonmajor Funds” – $1,446,072,000)

——————————————————————————————————-

(Pages 192-201)

INTERNAL SERVICE FUNDS

INTERNAL SERVICE: Internal service funds account for the operations of State agencies which render services to other State agencies, institutions, or other governmental units on a cost-reimbursement basis. The State’s internal service funds are described below:

The Technology Services Fund

–> $40,917,000

The Fleet Services Fund

–> $32,676,000

The Financial Services Fund

–> $3,143,000

The Facilities Operations and Maintenance Fund

–> $253,425,000

The Risk Management Fund

–> $9,223,000

The Badger State Industries Fund

–> $10,724,000

——————————————————————————————————-

(TOTAL INTERNAL SERVICE FUNDS listed as “totals” – $350,107,000)

——————————————————————————————————-

(Pages 202-212)

FIDUCIARY FUNDS

FIDUCIARY FUNDS: Fiduciary funds are maintained to account for assets held by the State acting in the capacity as a trustee or agent. The State’s fiduciary funds, consisting of pension and other employee benefit trust, investment trust, private-purpose trust, and agency funds, are described below:

PENSION AND OTHER EMPLOYEE BENEFIT TRUST FUNDS: Pension and other employee benefit trust funds are used to report resources that are required to be held in trust for members and beneficiaries of the public employee retirement system or other employee benefit plans:

The Wisconsin Retirement System Fund

–> $66,415,157,000

The Accumulated Sick Leave Fund

–> $-393,157,000 (Total assets listed at + $1,802,597,000)

The Duty Disability Fund

–> $334,828,000

The Reimbursed Employee Expense Fund

–> $1,108,000

The Local Retiree Life Insurance Fund

–> $225,553,000

The Retiree Life Insurance Fund

–> $353,669,000

——————————————————————————————————-

(TOTAL PENSION AND OTHER EMPLOYEE BENEFIT TRUST FUNDS listed as “Totals” – $66,937,157,000)

——————————————————————————————————-

INVESTMENT TRUST FUNDS: Investment trust funds account for assets invested on a commingled basis by the State on behalf of other governmental entities. The State’s investment trust funds are described below:

The Local Government Pooled Investment Fund

–> $2,490,278,000

The Milwaukee Retirement System Fund

–> $116,120,000

——————————————————————————————————-

(TOTAL INVESTMENT TRUST FUNDS listed as “Totals” –> $2,606,398,000)

——————————————————————————————————-

PRIVATE-PURPOSE TRUST: Private-purpose trust funds are used to report all other trust arrangements under which principal and income benefit individuals, private organizations, or other governments:

The Tuition Trust Fund

–> $8,473,000

The BadgerRx for Individuals Fund

–> $177,000

The College Savings Program Trust Fund

–> $2,247,475,000

The Retiree Health Insurance Fund

–> $9,556,000

——————————————————————————————————-

(TOTAL PRIVATE-PURPOSE TRUST FUNDS listed as “Totals” – $2,265,681,000)

——————————————————————————————————-

AGENCY FUNDS: Agency funds report those assets for which the State acts solely in a custodial capacity. The State’s agency funds are described below:

The Insurance Company Liquidation Account Fund

–> $720,000

The Local Retiree Health Insurance Fund

–> $2,156,000

The Inmate and Resident Fund

–> $16,711,000

The Bank and Insurance Company Deposits Fund

–> $303,730,000

The Support Collection Trust Fund

–> $11,521,000

——————————————————————————————————-

(TOTAL AGENCY FUNDS listed as “Totals” – $334,837,000)

——————————————————————————————————-

——————————————————————————————————-

END OF REPORT

——————————————————————————————————-

Again, the above information is taken from the State of Wisconsin’s Comprehensive Annual Financial Report for fiscal year ending June 30, 2010.

Going through these reports is the only way to get a grasp on the amount of wealth your local, county, or state government has in its hidden funds and investments.

Please do not let my efforts go to waste! This needs to be seen by all taxpaying citizens, no matter what state they reside in. This is a blueprint for most or all state governments. If you stay silent about this, you are giving your consent to this crime.

Silence is consent.

Confront your legislators.

Ask questions. Demand answers.

Get a rope…

.

Please go to these other websites for more information on CAFR’s:

TheCorporationNation.com

CAFR1.com

.

–Clint Richardson (realitybloger.wordpress.com)

Tuesday, March 1, 2011

Comprehensive Annual Financial Reports and TRF’s -vs- Common, Natural, Maritime, and UCC Law – Which takes precedence right now?


When I first met Walter Burien, I was full of anger and resentment… Not towards him, of course!

It’s just that I had learned so much about the corruption and horrific truths about so many things that I had become hopeless (thank you to great men like Alex Jones, Alan Watt, Mike Rivero, Jeff Rense, Steve Quayle, and others for that dour education).

I kept wanting to talk about things that I had researched and heard on the radio or in random emails with Walter.

“Walter, what do you think of this?” – “Walter, what about the horrible things that they did?” – “Walter, don’t you think this is important?” – “Are they the elite?”

But every time, even though he knew what I was talking about, he just shrugged it off as if it didn’t have any relevance to anything and kept talking about CAFR’s and TRF’s.

The best answer I got out of him was “What does it matter…?”

Needless to say, this pissed me off! I wanted to be heard! And because of this resentful state of mind, I wasn’t hearing or comprehending what really needed to be communicated to me.

And so, when I calmed down enough and realized that I was talking to what you might call the guru of government corruption and wealth, I fell silent and just started to listen…

And suddenly, once I was able to push all of the little pieces of the much more grand puzzle that I know I will never fully comprehend out of they way, I started to understand the importance of what this smoking, long-haired, long-winded, incredibly intuitive dude was saying. I started to comprehend what trouble we are all in if we don’t do something immediately to reverse the deadly course this country and it’s government have taken.

And I realized then that he was absolutely correct about these extraneous puzzle pieces… IT DOESN’T MATTER!!!

You see, we all perceive things in our own way. We all listen to different sources of information. We all like or dislike those sources of information based on other peoples perceptions of those sources. And we all comprehend the information that best suits our perspectives. And without even realizing it, we form our opinions of what we perceive as real or important from the hand-picked bowl of factoids swirling around in our heads that together give us our perception of the real world.

In short, we are all in a constant state of cognitive dissonance. (http://www.viewzone.com/cognitivedissonance.html) Sure, we all know so much about so many different things, and knowledge is the key to comprehension. But what good does that knowledge of scattered little pieces from the unlimited cornucopia of fruit from the tree of knowledge do for us. How does this knowledge solve the problems that we all know this tree creates?

(I just used cornucopia in a sentence!)

In the end, it’s just information. And like a computer hard drive, we can only store so much of this conspiracy in the space of our minds until the drive gets full and can’t save any more data in a comprehensive way, or without writing over something else.

We learn something new and amazing, but then that thing reveals five more amazing things. And when those are revealed, suddenly we have 25 new and amazing things to learn, which points to what seems at the time to be an unattainable 125 new and amazing things. But eventually, we attain them, or at least an interesting enough part of them to look at the next 625 things with enough curiosity to actually keep this cycle going perpetually.

So, at what point do we loose the ability to keep our peripheral vision on all of these new and amazing things before we find that our un-sunned skin and lack of social involvement are signs that we are spending way too much time online or in books trying to figure out who is the main group of conspirators and who their leader is?

IT DOESN’T MATTER !!!

Now let me justify that, as well as answer the challenge of the title of this rant… which information should take precedence right now: CAFR’s and TRF’s  -or-  everything else…

Many responses, comments and emails I’ve received from the readers of my previous entry (The Biggest Game In Town…) who by the way have been very kind, have brought up common law, natural law, UCC code and Maritime law, the court of record, and many other topics which I must say interest me to the extreme. But, I have to ask myself…

Do they matter right now?

As much as I can’t wait to tear into this multitude of information and set myself free from taxes and tyranny, unfortunately the answer is no.

Is it relevant? Oh yes, very much so…

Will it help me solve the country’s problems, not just my own personal ones? No, I’m afraid not.

Let me explain, and by no means do I mean to belittle anyone or their cause, be it just, and for the good of the republic.

First, I always like to think of things in terms of relativity. I like to have a realistic perspective on life and all that goes on within it. And I always like to tell the truth, no matter how much trouble it gets me into.

So, let’s look at an example of reality:

If you are at an intersection with a four way stop sign, and you are in a fragile Geo Metro, and to the left of you there is a massive, decked out Dodge Hemi 4×4 who just pulled up to his stop sign at the same time as you pulled up to yours, who goes through the intersection first?

Well, the “law” or at least social  protocol states that the car on your right has the “right of way“, and so the Geo Metro wins with the perceived power of right of way (the law).

But I submit to you that the truck to the left wins every time regardless of the law or your perception of it, simply because the tires are as big as the entirety of the quite crush-able Geo Metro!

Will you challenge the 4×4 (the people) with your frail little body of a car (the government, who are about as useful as a Geo Metro) if he (the people) decides to take the right of way (power) from you?

This is the perception of ownership (in this case of the road). If the people unite to become the massive supreme and sovereign force they are, take down the “owners”, and rework that ownership for the people, then the people (4×4) take ownership from the government, queens and kings (Geo Metro).

So, let’s say we discover that the Rothschilds and the queen of England do indeed “own” everything in the world…

What does that mean exactly? What if they all die? Who owns it then? Then, what if they die? And then once it gets down to the last two people on Earth, and one claims total ownership of said Earth, and he dies… then what? Do you the sole surviving human own the Earth? Can you prove this ownership? To whom? Animals don’t read…

It’s just on paper. It means nothing unless you (we) let it. And we can take it back any time we want through peaceful means by getting TRF’s voted in place in each government venue.

But only if we unite and become Bigfoot the monster-truck and get this show on the road.

Yes, common law is a fascinating thing, and I can’t wait to start studying all of this conceptual semantic law.

But… Though I am not familiar with the technical aspects of Common Law, Natural Law, UCC Code law, the court of record, and the laws of the land and all that goes with it, I do know for a fact that it isn’t nearly as significant as what Walter and CAFR’s and the comprehension of government investment wealth for the general public and the change that is necessary with that.

Frankly, I don’t care who in their own perception rules the world, and here’s why:

#1) Once we set up a TRF in a city, the whole of the books for that city will be revealed. This will reveal links to other city’s, states, and countries for which the corruption and wealth building in that now completely audited TRF’d city was involved in. Thus, we discover who’s in charge by the chain reaction of audits in new TRF-based cities.

#2) Common law has the same symptoms as misguided or misused faith. Religion gives people hope. But this kind of hope, or faith, more often than not leads to inaction due to the faith that heaven awaits you regardless of your actions. And when that happens, and otherwise good religious folks refuse to get involved in government or politics, corruption in government and politics take over. Hope is a very dangerous tool. I should only have to point to Obama’s use of the empty campaign promises of “Hope and Change” to prove my point here. A faithful person full of hope who is convinced that everything will be alright simply because he believes in something else, easily becomes inactive in the real world around him. Even to the point that they will watch their own government order our armies to kill millions of innocent darker-skinned people without even a protest, simply because they have faith in their hearts that a few of those dark-skinned people in some far off place ran a few planes into some buildings in New York and Washington.

Proof? Nope. Just blind faith in the media… their God.

Inversely, a person who removes themselves from the tyranny of Maritime U.C.C. Code and law and clings to being free by natural or common laws, also may become inactive in the fight to set things right for our country as a whole. They have faith that they are free from the constraints of government and taxes and other tyranical slavery. But there is a huge problem with this inaction or lack of participation in the system that still governs everyone else who is unfamiliar with these freedoms around them, which is probably 98% of America – who still have faith in and believe in the law of the land and their corrupt government, frustrating as that is. They cling to thier social security number as if it was their first born. And I can sum this problem and the danger of it up in one word…

Rendition!

Obama’s new hand-me-down toy. How will common law save you if you are whisked away with no trial and no jury and no rights whatsoever to a holding cell in Ecuador? Think it can’t happen to you? Do you really think freedom brings some sort of immunity to this type of thing? Is there a freedom card that you present to get out of sticky situations in other countries… Or even in our own now completely corrupt and corporate (government) owned jail system? Learn more about rendition here: (Video)  –  (Story)  –  (Story)

You see, this common law and natural freedom is still based on a set of ideals and laws, god’s laws or other ones, that are still valid at this particular time in history if you know enough to invoke them. But if we allow the government to buy up every aspect of the United States, and they almost have by this point, and then take over the country, burn the Constitution and change the name to some Global Union of _______ ,  and make it a socialist fascist corporate state, what good will all of this common law knowledge be to anyone. It will become completely obsolete – null and void the second this takeover is complete. It would be as helpful as a 400 pound woman in a 150% gravity environment. When Rome took over a neighboring country, they did not abide by that countries laws in their theft no matter how beautiful and idealistic they were. If you went up to a Roman diplomat or soldier and tried to invoke common law from your now defunct country, you’d find yourself in the Colosseum being eaten by lions.

So, if you were to ask me what the importance of this whole social viability/common law/natural law/whatever you call it law, which is completely co-dependent on the current system of government and law (in other words America still being a free America despite the SS# and all that) compared to the importance of what Walters TRF’s will accomplish in protecting all of our sacred laws, constitutional or other, I’m going to have to say that TRF’s are 20,000,000 times more important at this time. Because all of those free-man laws go out the window if and when we are overtaken in a war or on paper by another country, a union of countries, or a conglomerate corporate monster, and we become Chinamerica. That is the thing that we must concentrate on and stop. And everyone that values their common or natural law status in this as of now free country, must maintain that country in its current state in order to keep those rights viable and applicable.

They are not free. We must fight for them and keep them.

And the country or corporate fascist government with the biggest stick (the biggest 4×4 truck) is going to win, and your idealist rights which are based on this constitutional system being still valid and screwing everyone else but you and your common law, will fade away into the night. That is, unless we take the investment wealth and “ownership” of our country back. And so far, the only person that has shown me how to do this is Mr. Walter Burien. (CAFR1.com)

So, by all means continue to practice common law, natural law, and any other free law that you can think of. I personally can’t wait to indulge in this myself. It gives me goosebumps.

But don’t for one minute think that this alone makes you a free man (or woman) or that you can stop paying attention and fighting for this system and its reconstructive change. Or you might be in for a shocking surprise when there is no corrupt United States government left to claim your freedom from. The Communists shoot people like you!

I would love to be wrong about this, and I may be. Corrections and debate to my humble opinions here will be warmly accepted…

.

*** No free people were harmed in the making of this rant.

.

-Clint Richardson (realitybloger.wordpress.com)

Monday, January 11, 2010

The Biggest Game In Town: Walter Burien And Comprehensive Annual Financial Reports


***NOTE*** I have now released a documentary about this subject, which goes into specific detail regarding this article and the corporate structure of the United States. You may view it for free at: http://thecorporationnation.com/

 

—————————————————-

 

I’d like to share with you what happened to Walter Burien on Wednesday, January 6, 2010 as he spoke with George Noory live on Coast-To-Coast radio, the 5th largest syndicated radio show in America. This interview only happened after years of goading and begging from other guests and callers to have Walter as a guest.

Mr. Burien was scheduled to be on this show for a three-hour interview, an almost unheard of time slot reserved for only the most special of guests. Keeping in mind that the subject matter of this interview – government wealth, corruption, and the proof of this subject through the analyzing of our governments Comprehensive Annual Financial Reports (CAFR’s) – has never been allowed to be mentioned on or in any corporate or mainstream outlet. You can then perhaps understand what happened next.

On Tuesday and Wednesday (the day of the show) Mr. Burien was the only scheduled guest for the show, and Walter was prepared for a three-hour talk. As the interview went on for two solid hours and as the secretive criminal beans were being spilt in a major way, a sudden click happened in the middle of Mr. Noory talking, and Walter’s line went dead. The show suddenly had a new guest to fill the remaining hour. It was then placed onto the Coast-To-Coast website that a second guest was now to appear.

Mr. Burien tried to reconnect, but was told he was only scheduled for two hours. He waited to be called back, but never was. No explanation. No apology. And no personal note from Mr. Noory…

Just silence…

Unfortunately, Walter Burien was saving the best and most hard-hitting information for last. He didn’t get to mention many aspects of what I consider the most important information available on what some may call the real order of things. And he didn’t have the chance to tell George’s listeners about his new documentary that will be released in just about one more day.

A fresh new “The Biggest Game In Town” will be available on the web for viewing on or around the 10th of January, 2010. I would encourage everyone reading this to view the documentary and support Mr. Burien in any way you can. For, of all the thousands of men and woman out there fighting against and trying to expose the greed and corruption of our governmental system and its monetary theft of the American people, Walter is the only one who actually has a solution instead of just another perspective on the problem: a peaceful, logical, economically viable, and extremely achievable grass-roots solution – but only with our help.

Let’s face it. You know you’re on to something important, big, and secretive when you get cut off of a radio show an hour before your time is up with no explanation.

Please visit Mr. Burien’s CAFR1 website at (http://CAFR1.com) and learn what this man has to tell you. He has opened my eyes in a way that would have taken twenty years of hard studying and the constant scrutinizing and analyzing of these and other documents to even begin to comprehend this information. And now that I know, I feel it is my civic and moral duty to share it with you…

–Ω–

 

When bad men combine, the good must associate; else they will fall, one by one, an un-pitied sacrifice in a contemptible struggle.— Edmund Burke — From his essay: ‘Thoughts on the Cause of the Present Discontents’…


…and Often mis-quoted as the following:

All that’s necessary for the forces of evil to win in the world is for enough good men to do nothing.

 

The hottest fires in hell are reserved for those who remain neutral in times of moral crisis– Edmond Burke – again, with some dispute on the actual original quote.


–Ω–

I’d like now to share with you what I’ve learned from Walter Burien. This is not an easy subject to digest; in fact it hurts a bit when you realize that it is all painfully true… and fortunately, unlike most other truths in the world, quite easily verifiable. And so I would ask that you finish this essay in its entirety and click on all of the links associated with it. For if ever there was a red pill, this is it!

“Remember, all I am offering is the truth, nothing more…”

And down the rabbit hole we go…

Let’s start with how the government works, or more specifically, how it is set up. Each town, city, county and state has an individual government with individual budgets and finance books. City councils who sit in fancy pillared or droll state buildings usually govern those many individual governments. Also, there are local government bodies, such as school districts and municipalities like gas, electric, water and sewage, bridges and roadways, and so on who are individually governed bodies as well. And then there are other forms of special government wealth, like pension funds. On a larger scale, there is the federal government, the judicial and congressional governments, and so on down the line.

Together, these many individual governments are going to be referred to herein as “collective government”.

Just as ethnic groups in this country are considered minority populations with insignificant political and decision making power when compared to the Caucasian or “white” ethnic group, these individual governments are, when compared to the collective power of all of these governments joined together, insignificant.

The power of these individual ethnic groups can only be realized if they ban together to become the majority. Likewise, the thousands of individual governments in the United States are extremely powerful and wealthy when manifested as one “collective” governmental body – collective government.

Bearing this in mind, I will now reveal the man behind the curtain, so to speak…

Through collective government investments from all individual governments across the United States, the government owns most of the major corporations in America, and beyond.

I’ll say it again, in a different way. Collectively, through investment, the United States government owns most major corporations and just about everything else in America.

Please read on…

Of the Fortune 500 companies we hear about, and even invest in ourselves with our cute little peanuts we think of as personal wealth, the government has over the last 70 years or so taken financial controlling interest in all of these corporations. This is no exaggeration. This is no joke. This is the reality of the corporate and financial state of our country and it’s government.

So how has it gotten to this point?

In several ways…

Have you ever noticed that when a bond or proposition gets passed in your state for a construction or land management project, the actual project itself sometimes isn’t scheduled to begin until months or years in the future? It’s even written in most bills that the project wont start until a far off set future date.

Well… the money for that proposition or bill is immediately released upon passage of the legislation. Now you might ask yourself, if the money is there why doesn’t the project begin immediately?

Here is the answer…

That “taxpayer money” gets sent directly into what we’ll call a government “holding account” for a while, sometimes years and years before that public project actually begins.

Now, that money doesn’t just sit there… It is invested. It gains interest. It builds up extreme wealth – months or years of interest and capital gains on investments from that originally taxpayer funded money. This is all transpired digitally, of course.

But when it comes time to use that original amount of money for the project of which it was intended months or years later, the capital gains (profits) of that supposedly dormant money are separated from the original amount placed into the “holding account” and stay in the governments discretionary investment coffers and are then reinvested not for the benefit of the people, but for the wealth and profit of the corporate government. The problem and the inherent crime here is this – that profit is no longer considered tax-payer (public) owned money, since it was earned by investment or by accrued interest. That “extra money” goes elsewhere… mainly into other investments or funds which grease the pockets of the “in the know” politicians and corporations and other people and groups involved. Some open what are called “self insurance funds” and then draw dividends for themselves and their fellow conspirators for the rest of their political careers by insuring themselves with their own insurance funds. And the cycle goes on and on and on and on… and has for the last 70 years. And it has now reached the point where government owns it all!

How do I know this to be true?

When the yearly budget comes out for your town, city, district, county, state, and the whole country – the one that you and I and Joe Taxpayer sees that is usually in a deficit (in the red) – the money made on these individual government investments is not shown, because it is not in the “taxpayer budget” any longer. Therefore, it does not technically have to be accounted for to the taxpayers – who we can define as everyone who pays any form of taxes, which is by default everyone in the United States. There are of course, 100’s of different taxes – from gas tax to sales tax – that are used in this way as well. The money from all of these individual taxes once again just sits there and accumulates after being collected until it is distributed, and gains interest or is invested until it is spent for the purposes it was collected (apportioned).

On a side note: the reason so many people are against the Federal Income Tax is because that tax was never made legal. In order to be a legal tax according to the Constitution, the tax assessed must be apportioned – which means that it must be collected with the specific intent to only be used to pay for or fund a specific public works or public fund that is clearly defined. Since the Federal Income Tax is un-apportioned and therefore Constitutionally illegal, the money that is collected for that tax is used by the Federal Government to pay the interest only on the national debt. In other words, instead of printing its own money with no debt owed to anyone, our corporate government instead borrows money from the Federal Reserve Bank at interest – meaning there is never enough money printed to pay off that debt because it accrues interest the second it is printed, meaning it is devalued the second it is created.

Example: If America has one hundred dollars in circulation – meaning money printed on paper and being used as “legal tender” – that means that the treasury (government) borrowed that $100 from the Federal Reserve (a private bank), which means that in order to pay that money back, the treasury (government) must pay that $100 dollars back plus how ever much interest is attached to that $100 by the Federal Reserve Bank (a non-governmental private central bank).

So where do we get the extra printed money to pay back that money owed for the interest on the original $100 loan?

Well, since there is no money left after paying back the principle balance of $100, the only way to pay the interest owed to the Federal Reserve (private central bank) is for the Treasury (the corporate government) to borrow more money from the Federal Reserve (a corporate private bank) so that the accumulated interest owed on the first $100 can be paid back. The problem is, this new money borrowed has new interest attached, and this interest debt must eventually be paid back as well, meaning we must then borrow more money from the Fed at interest to pay the total principle balance plus the previous interest accrued on all of the previous money borrowed, and so on and so forth.

This, my friends, is what is commonly called a paradox.

In short, there is no way to ever pay off our debt to the Federal Reserve (a privately owned international bank), because there is never enough money printed to pay off the principle and the interest balances. Therefore, this system of borrowing money at interest will continue to the point that the interest owed can never be paid as it is more than the principle balance, making this the biggest scam (Ponzi scheme) ever perpetuated onto the American people in their history. Now imagine the same scenario with many trillions of dollars borrowed and re-borrowed and so on and so forth.

If you can’t picture what a trillion dollars looks like, just think of it this way… If I had 11 trillion one-dollar bills and I stacked them on top of each other in one single pile, that pile would reach all the way to the moon… and back to Earth.

Knowing then, that the Federal Reserve is a privately owned group of national and international banks and bankers, who have no actual binding ties or connections to the United States Government – and in fact control the decision and monetary policy of the United States economy, and therefore its financial and economic welfare, through the manipulation of monetary value, currency circulation, and interest rate regulation – the fact that all of our Federal Income Tax goes directly to this private corporate banking monster who controls this country through its system of tyrannical banking debt and interest, of which we are all collectively as taxpayers responsible for paying, is why there is such an uproar in the awakened minority citizenry of America. This is really just extortion. And the Feds recent threats to cause the stock market to drop 1,000 points a day until the banker bailouts were signed by congress only goes to prove that point. More and more people are learning the truth, and realizing that through this system of perpetual debt, we are not a free people but rather indentured servants to this banking conglomerate for generations to come. You’re so-called duty to pay your Federal Income Tax is non-existent, and the mindset that most people have been brainwashed into is that there is some form of honor in paying this tax, which again goes to absolutely nothing but interest owed to these central banks who are not the government. No public services are paid for with this money; money that should have been printed by our Congress as expressed in the Constitution, with no interest (debt) attached to it.

So where does the extra government corporate investment money go, and what proof is there of its existence?

The only way to see where this money goes is by looking at the Comprehensive Annual Financial Report (CAFR) for each local, city, state, and any other government office. The Federal Reserve even has one of these! You want to see an audit of the Federal Reserve? Just look at the Federal Reserve’s Comprehensive Annual Financial Report (CAFR) and go from there.

This “complete” budget and statement of earnings is required for all governments and corporate businesses, and it is available in the public domain… meaning it is very easy to acquire by the average Joe Citizen. A simple public records search or an Internet search will reveal this report for most individual governments and corporations. And if it doesn’t, they are in violation of their own codes on public disclosure.

The problem is, nobody knows its there. Nobody knows to put the pieces together. Nobody understands that there are literally 100’s of trillions of “collective” investments and funds that have been acquired by these individual governments that have been hidden in plain sight for decades, by separating the total governments wealth into individual and seemingly insignificant government funds and investments across the country. When considered collectively, these massive investment funds would pay off all debt in this country, and if worked correctly could eliminate all taxes through public-taxpayer instead of private-non-taxpayer investment of the same sort. This is what Walter Burien and CAFR1 are trying to achieve. This is the solution I mentioned earlier. His Tax Retirement Funds (TRF’s) are this country’s saving grace. Learn more about them here: (http://taxretirement.com/)

This is what I refer to as poking the scorpions’ nest!

Now, to understand how these facts regarding governments complete corporate takeover and management of America, let’s look at current events. Very recently a merger with media conglomerates NBC and Comcast was announced. These are definitely fortune 500 worthy companies. They are therefore already collectively controlled through collective government investments. And they will never let this information (CAFR’s and collective government investments) get out into the public through this government controlled media. Why? Because these media companies are collectively owned through collective government investment!

Comcast and NBC/Disney are two of the largest media conglomerates in the world. One creates and broadcasts the media – the other controls the equipment and digital airwaves to turn these broadcasts into the degrading entertainment and propaganda we see in our homes and at movie theatres, that we hear on the radio, and that we read in magazines, newspapers and digitally on our computers. Most people wont think anything of this merger and others like it that are constantly happening on a smaller scale; perhaps second-handedly recalling from an outdated textbook, the chapter on monopolies and anti-trust laws. Thinking about such things has, through the same media we are talking about here, been trumped by the reality show, celebrity lifestyles and deaths, “news entertainment” shows, and indoctrinating and manipulative sitcoms and movies – which have dumbed us down to the extent of actually believing that what happens on “Law and Order” is the reality of what actually happens in the law enforcement and criminal justice system. I assure you, this is not the case. Hospital shows are not accurate portrayals of how hospitals are actually run, and are not representative of the real state of the healthcare system. Police and detective shows are so far removed from reality that I laugh out loud at the ridiculous portrayal of “the system”.

The real conundrum of this situation is this: the merging of these two media companies, considering the controlled stock holdings of our collective government in these and most media companies, is in actuality being mandated (authorized) by the government itself as the majority stockholder. So protesting to the government about this merger is akin to asking a king to mediate his own decision regarding the merging of his own two kingdoms. Do you understand?

Corporations are the government are the corporations are the government…

Another way of looking at this conundrum is this:

When a major corporation donates money to a political campaign (remember almost all major corporations are government owned through collective investments), this is actually a loophole around campaign finance laws, as this is really just the government donating money to its own candidate or party through its collective-investment-owned “private” corporations. This is hard to swallow, but true as the nose on your face! For it was the banks who received the recent bailouts that were the largest campaign contributors to Barack Obama’s presidential campaign – in a big way. When you hear that all of these elites sit on each other’s boards of directors, that’s only a half-truth.

And sure, you can continue to vote if it makes you feel better. But rest assured you are voting for the two or three candidates that were chosen and hyped by the corporate government that is already in place, through the controlled media (that again is owned through collective government investment). Real “alternative” or “third party” candidates who campaign on truly changing “the system” for the benefit of the people will never be allowed to attain high office – the recent corporate mandate of electronic and completely hack-able and changeable voting machines in most states and the expulsion of paper ballots leaving no paper trail through no-bid government contract see’s to that fact.

It is not the votes that count, but who counts the votes.— Josef Stalin —

Our congressmen, our senators, and our president are literally automaton puppets, actors placed into power through fixed elections and then skillfully manipulated to pass laws and create legislature that helps in this whole process of land acquisition, the corporate takeover of all infrastructure and commercial real estate, and the deregulation and privatization of all regulated industries, including: banking, airlines, food, water, transportation, prisons, media, medical, and many others.

For instance, (over 1%) or 1 out of every 100 Americans are in prison. That’s 3 million plus people! That’s more than any other country in the world, including Korea and Communist China. Many prisons are now built or owned by private companies like Halliburton, since this industry was deregulated and private corporations are now allowed to build and maintain prisons. It’s big business… and cheap forced labor. And the government owns these corporations as well, through collective investment.

So let’s talk about a few of these industries that are owned by our government.

My favorite example of the collective government ownership of these corporations is Microsoft. This will really hit home with most of you. Though collective government investments, Microsoft Corporation is approximately 83% owned by government. Take the investments of the five burrows of New York City, add in the pension funds of CALPERS in California (which is now an offshore corporate fund) and other state funds, a few school districts here and there, and many other small, medium and large individual governments and municipalities across the nation, combine them together, and you come up with the representative governmental investment total of around 83% majority ownership. The easy way to say this is that the government owns 83% of Microsoft.

“Collective government” is a very important phrase to comprehend.

For those of you who don’t comprehend the severity of this situation, let me explain…

Let’s imagine for a moment a board meeting at the Microsoft Corporation. I wonder who would be there? I don’t know exactly, but I’d bet at least 83% in attendance would most likely be corporate government representatives! The Defense Department would surely be there, for national security reasons of course. CIA? Probably, since they use the Internet to catch criminals and since they have so much power now to spy on us thanks to bills like The Patriot Act. How about Homeland Security? The military, and all of its branches? Raytheon, and other weapons contractors would probably be there too. I wonder who would represent the Federal Government? How about the Federal Reserve (a non-government agency) and the IRS (the Federal Reserves non-governmental private police and collection force for the central banks)? Heck, even Bill Gates would be there, but he would probably only have about as much power as the President of the United States has over his corporation, which is thankfully still called America. Yes, in case you were wondering, the United States is a corporation. Look it up! (http://www.youtube.com/watch?v=lVsMUpPgdT0) (http://www.youtube.com/watch?v=klwWcp9eiPw&feature=related)

Ah, Microsoft…

You see, everything we do in life is now done or available on the Internet in the World Wide Web. Whether you are plugged in or not, your information is available for download. And Microsoft is how we access that virtual world (through Windows and it’s sub-programs like Internet Explorer). When we enter all of our passwords, PIN’s, account numbers, our mother’s maiden names… and then we voluntarily record all of our most closely guarded secrets and personal information onto websites like MySpace (which is now owned by Rupert Murdoch’s “Fox” News Corporation, which is a mainstream media company, which again means it’s owned collectively by government) (http://news.bbc.co.uk/2/hi/business/4697671.stm) Microsoft collects all of that information though its software and sends it back to itself and its servers and anyone else who pays for the sharing of that information.

This is called data mining. And the government (Microsoft) is data mining all of our most closely held secrets and information, and it is doing so with our permission. You gave that permission with the simple click of a mouse in that service agreement (the one with all of the small print) that you signed but did not read when you were so exited about getting that new P.C. last Christmas. This agreement – the “End User Lease Agreement” (E.U.L.A.) gives Microsoft (the government) complete control over the content, applications, and information sharing capabilities of your computer.

Web-Based Environment Management (W.B.E.M.) allows Microsoft and other companies and corporations to virtually control and monitor your computer from remote locations through the internet.

The (M.R.U.) Most Recently Used list is an individual usage list, of which there can be many MRU’s running at one time. They record every action you or your computer makes; every thing you download and everything you say. Some of the more advanced applications even record every keystroke made on your keyboard so that it can be reconstructed later. When you hear someone say, ‘My computer is acting so slow’, this is mainly because these M.R.U’s that are currently running beyond your control or knowledge are constantly updating Microsoft and anyone else who’s listening in the background.

In Windows XP (and other versions) – if you click on your Start Button, go to Settings, click Control Panel, then click Administrative Tools, and finally click on Services… you can view some of Microsoft’s so-called “services” that are controlling your computer and your life. Here are a couple examples of these services:

Routing and Remote Access – “Offers routing services to businesses in local area and wide area network environments.” – Sounds harmless, right? But when enabled, this allows corporate advertisers to localize their advertisements to your specific IP (Internet Protocol) location: the geographical area in which your Internet connection is based. This is why you see adds from lonely housewives in your town looking for love and other localized advertisements that amaze you every time you get online. How’d they do that? Well now you know. There is a lot of money involved in this type of information sharing and advertising, as you can imagine. And if you click on one of those localized advertisements, the fact that you did so means more advertisers will be knocking down your virtual door to personalize their own advertisements to you according to what sites you visit and which products you shop for and buy online. This “service” can be disabled, but Microsoft will probably enable it the next time you go online. After all, you gave it permission to do so.

Remote Registry – “Enables remote users to modify registry settings on this computer. If this service is stopped, the registry can be modified only by users on this computer. If this service is disabled, any services that explicitly depend on it will fail to start.” – The “Registry” on your computer is the program that manages your P.C. It’s like an index or blueprint of all your programs, which tells your computer’s programs and applications what they are allowed and not allowed to do when your computer is turned on. This means that if your ‘remote registry’ is enabled, any Microsoft program can change or alter your registry at any time, because you agreed to this in your E.U.L.A. You effectively gave Microsoft the right to crash your hard-drive beyond repair from a remote location when they don’t like what you are doing. Sucks, don’t it?

Oh… and for those of you who say, “Whew, glad I’m on a Mac!” guess again. Apple is a major corporation with major media outlets and influence on the economy and the citizenry… you bet they are owned by the government through collective government investments! And yes, I get adds from Lonely housewives near me on my Mac as well. And I’m writing this on Microsoft Word for Mac! Oh, the irony…

Now maybe you can understand why government control of such intricately personal aspects of our lives through corporations like Microsoft is such a concern. If a local company is advertising to you through Microsoft’s “services”, you can bet your arse that the government is using these and their own services for much more devious purposes.

So what’s the bottom line? You have absolutely no privacy in anything you do on your computer once you go online! Period.

This type of symbiotic corporate/government structure is prevalent in all industries and walks of like, not just computers. The same conglomerations often own the alternatives to anything you buy. For instance, while we think we are being somehow different or cool by listening to an “alternative music” station, we are just being manipulated by some very clever marketing. You see, the same corporation that owns that “Alternative” station also owns most of the other stations that your chosen favorite alternative station competes against, as well as the record company that produced it. It even puts down on-air those other stations it owns because that will make some listeners chose to listen to this particular media corporations’ other channels or stations. When we hear a song on a mainstream yet “alternative” radio station (remember all mainstream media is collectively owned by government, and mainstream is 99% of the media that you can effortlessly receive though the corporate governments F.C.C. airwaves), we are told who sings it, and then we go buy the album at one of the many conglomerate department stores or seemingly local chain stores (with corporately owned central hubs), all the while thinking we are being somehow unique from the rest of the crowd. This is marketing. And you and I are continuously falling victim to it and the distraction it causes. The media keeps us “masterfully entertained”, as Walter likes to say.

Then we go drive our alternative yet still equally gas and oil dependant hybrid cars, of which everyone else is also marketed to about their unique and conservation oriented styles, even though the creation and disposal of their batteries is secretly worse on the environment than ten years of the exhaust created from driving an SUV. And the battery must be replaced after five or six years! And so we drive… feeling better somehow about our insignificant pollution as we sip on one of 30 unique plastic bottled water brands marketed as environmentally friendly and recyclable, which it so happens are all owned by 4 major conglomerate corporations which are owned through collective investments by our government.

Should I choose Perrier… or its competitor, San Pellegrino? Well take your pick, for they are both owned and bottled by the Nestle’ Corporation (a government controlled entity).

Oh, well then I’ll switch to Calistoga. Oh wait, that’s Nestle’ too!

Well… who needs bubbles anyway?

Flat water… Hmmm. Let me see…

How about Arrowhead? What? That’s Nestle’ as well?

What about Crystal Geyser? Poland Spring? Zephyr Hills?

Sorry… all owned by Nestle’ along with at least 10 other alternative water brands that they purposefully market and compete against each other in their advertising and at different prices in order to appeal to at least one of the typical personality types of which billions of dollars were spent to figure out, and that we all unwittingly fit into.

You might as well just drink Nestle’ brand bottled water – the only honestly labeled brand out there, since it’s cheaper and comes from the same polluted tap water source! (https://realitybloger.wordpress.com/2009/09/28/the-california-water-museum-featuring-the-fluoride-deception/)

And, in case you missed it, the automobile industry in America was just taken over by the government. Any time the government “bails out” or gives large life-saving amounts of money to a corporation or all corporations in a certain industry… that spells takeover and control. It’s part of the “bailout” package. When the newly inducted corporations pay back that money at a later date, this is nothing more than the corporate government covering its tracks and completing the business transaction for the publics benefit and for media stories about the success of the bailouts.

So, how deep does this go?

Unfortunately, it is a bottomless pit.

While I have deep respect and admiration for local churches of any faith that do good in their communities and help the people there, I have some rather disappointing news about the religions that these churches belong to.

Since moving to Salt Lake City, I have been inundated by the Mormon doctrine. The Mormon’s essentially run the state of Utah’s government. Some places will not hire you unless you are a Mormon. Similar to Free-Masonry, of which the church’s founders were high members, the church helps those who help it… while shunning or “excommunicating” anyone who disagrees with its doctrines. Ironically, usually these are the people who need the church’s council, love and support the most.

I always wondered why the Mormon church was able to retain it’s non-profit status, since it has its hands in so many political campaigns and in the state of Utah’s government, and since it funds huge political campaigns like the recent California “vote yes on prop 8” campaign and so many other human and civil rights issues. It’s actually a common question: How does a not-for-profit entity (church) give money for political aspirations and campaigns and influence an entire state or countries opinions in local and state elections, and still retain their non-profit status?

How indeed… Separation of church and state, right?

Wrong.

The Mormon Church (The Mormons) is actually a for-profit major corporation. It has mass wealth through these same types of investments. It is extremely, extremely wealthy.

But the corporate Mormon Church has a non-profit sub-division in which it does all of the charity work and altruistic not-for-profit Godly things that it does. This division is called “The Church of Jesus Christ of Latter Day Saints”. And they are commonly referred to as “The Mormons” which is actually a falsity since the Mormons are just another big corporation with mass control over vast world populations and local governments. And each church whether aware of this corporate structure or not, pays the corporation though the money collected from its parishioners.

To it’s credit, and compared to the government corporations, the Mormons actually do some very good things. Their welfare system is top notch and has been copied by other countries and our own government welfare system is based upon it. But it is the volunteers that make this happen, not the corporation. They are not symbiotic by necessity, only in their corporate structure. It is the people who have the power to make the world better. One must always remember that.

What makes me most concerned about this corporate structure of churches and why I mention it at all is this: the president of the Mormon Church (which is the president of the corporation that is the Mormon Church) has been known to have one-on-one, secretive (non-public) meetings with the President of the United States behind closed doors in the Oval Office. Shortly after one of these meetings, the noted Professor Steven Jones was fired from Brigham Young University. I can only assume that this was for his exposing the fact that uniquely military-grade Thermate demolition explosives were found in the World Trade Center dust, which is impossible without it have been used to implode those buildings. This is a power that should not be had by any member of any church, whether this particular event was coincidental or not.

The Catholic Church is set up in the same way: The Vatican is a country. A corporation. It has its own police force. And the Pope… who may or may not have the real power in that corporate pyramid, also meets with our president behind closed doors and influences even more people in our country and across the world.

And, come to think of it, I’m pretty sure that all churches, from the Methodists – the church that I grew up in – to the Jewish faiths, are also built like this, corporately speaking. Why else would churches have general conferences, which are really just giant budget meetings?

Anyway, this is why the Mormons, The Catholics, and all the other religions are free to be involved in politics and government as much as they like… because they are for profit corporations, who mask themselves through their not-for-profit fronts (i.e. religion) where they unfortunately manipulate the opinions, voting habits, and lifestyles of the members of their sub-corporate houses of worship.

As for the government’s involvement or investment into these holy corporations, I have not researched this yet. But obviously the political influence is there, and that should raise any honest and righteous mans brow.

Again, my respect for local non-profit churches is immense. But isn’t it time for them to become aware of these facts and separate themselves from these for-profit corporations that bind them and influence their moral character? Isn’t it time that the community church becomes the truly free and spiritual houses of God that they portray themselves to be?

Corporate service to God is a truly strange and unholy concept.

–Ω–

So who knows about this?

How does a magician pull off a seemingly impossible magic trick right before your eyes?

By using the oldest trick in the book… distraction.

As his left hand moves around gracefully, drawing your attention away from the right hand, or as his assistant dressed in scantily clad glittery lingerie takes your eyes off of the magician himself, the right hand is busy doing the bait and switch – or the “trick” – right in front of your face.

This is magic defined… illusion and subterfuge. Nothing more.

So to is the subject of CAFR’s. Take away the distraction of the TV media, sex, drugs, sports and gambling… and the magic trick is revealed. It cannot be hidden any longer once the left hand sees what the right hand is doing. It just takes someone like me to uncover the trick and expose the truth.

But one man cannot do it alone. Many are needed.

So, the point of all of this is really quite simple. The only way to fight this is to expose the facts that I’ve just written here. You will not stop the government from merging two companies that it has controlling monetary interest in by crying and sending strong worded emails, making phone calls, or holding up signs referring to anti-trust laws and how unfair this is to us little guys. Things are way past the point of protesting. The country has for the most part been sold off to private corporations and public-private partnerships (PPP) … a bridge there, a road here, a few million acres there.

Learn about the atrocity of Public-Private Partnerships and their detriment to our country, which is intricately ingrained in this corporate takeover of America, here: (http://www.infowars.com/agenda-21-alert-public-private-partnerships/)

If you watched that video, you now understand the danger and ultimate corruption of these PPP’s. And to bring this danger home, I’d like to offer the most severe of possibilities with regards to how these Public-Private-Partnerships could easily be abused by our corporate government.

Consider the following:

Say the government decides that it cannot pay the budget for our military anymore as it continues to hide the CAFR from the publics’ comprehension. It announces publically that it will now join forces in a great new public-private-partnership (PPP) with several foundations (like the Rockefeller Foundation) and a few Weapons contracting companies (like Raytheon) so that our soldiers can get the pay they deserve and the equipment they need. This is the public relations announcement. It sounds like the good old corporate world is lending a helping hand in a time of need…

But the real translation would be this: The United States Government is transferring ownership of the military from the publics government ownership to a private corporate ownership, through corporations and foundations which it already owns through its collective investments. Therefore, the military will now be a privately owned military – a private army – controlled by government, but whose weapons and arms contracts are secured for the next 1000 years at no-bid pricing through these government owned corporations. This makes it a lot easier to break every single law ever written with regards to war crimes and Constitutional restrictions of such things. If everything is private, the people will own nothing. And the Geneva Conventions do not apply.

Again, this is the most extreme of examples, but one which is not at all out of the realm of possibility. After all, isn’t the United Nations already calling the shots with our military?

This must be taken very seriously, for the country that we have always considered and taken for granted as being free, is no longer free. It is owned almost outright by government investment.

In fact, I just found out that collectively through investments, public-private partnerships, and other devious means, the government of the United States (local, city, county, state, and federal) collectively owns about 87% of all land in the United States, leaving 13% to the actual people (citizens) for private ownership… and I’m not sure yet if that includes non-government owned or private corporate ownership in that 13%.

A corporation for a government is not the American way!

As several homes and the land they are built upon around where I live are being stolen by the government in the name of eminent domain, I cringe at the thought of the selfish and evil corporate government person or group that gave those orders. For surely they have land and a home as well. The land sits for a couple of years, and once everyone in the area begins or is paid to forget about the now vacant eminent domain government owned land, suddenly a new corporate structure will be built there. This means that the land is still government owned, and that through their corporate network, the government allowed the land to be transferred to one of its sister operations. Money, being nothing but fiat (worthless) paper backed by nothing, is just a tool used in the transaction, and it eventually is filtered back into the collective government corporate coffers. And that land will never be public-owned again.

This has got to stop…

As far as commercial real estate, and the 10-20% average vacancy rates in most cities across the United States in strip malls and what are now being called ghost malls… Guess who owns or is buying that commercial space once it is in default. The government! Local governments already collectively own most large malls anyway through their investments, as well as gas stations, gyms, movie theatres… the list is endless.

Do you think the government as a corporation cares one ounce whether or not a mom-and-pop store closes its doors after 30 years in business? No. It either already owns the land and building that business is on, or is interested in buying it once the shops go out of business. Land ownership is the goal, not some meager monthly rent. Power comes with ownership.

–Ω–

Ok, I figure by now you are having one of two reactions. Either you think I’m nuts – the trained and ingrained reaction most will have when confronted with such overwhelming conspiracy and corruption – and you will not even take the time to do a simple search on CAFR’s to see that I’m telling the truth, or… this has had a major impact on your comprehension and perception of the way things really work, and you will keep this letter or email as a favor to me in the case of something happening to me like what has happened to others who have tried to expose this information. For this is the information that above all else must be exposed. As Walter Burien likes to say…

“The easiest way to steal money from someone is for them to never know they had it in the first place.”

Well, now you know. Our money has been stolen from under our noses for decades.

For those of you who constantly crusade for the truth about 9/11/2001 to be released, and for a new investigation to be initiated, I only have this to say… This will never happen under the current system of corporate government. Again, the king will not punish himself. 9/11 is a cause that is dear to my heart, since I watched the events of that day from my roof in New York City just a short distance away, and had the missing persons center right across from my front door. I will never forget that vision or that sound from that day. But again I must reiterate that while protesting and handing out literature and movies has been a great tool in waking up the people about 9/11, it is time to take a different path. All of our scattered groups must unite in one peaceful cause. That cause, in order to effect real change, should be the exposure of the Comprehensive Annual Financial Reports and collective ownership and investment wealth of our government. You see everything else will follow… Audits will be done at all levels of government, mandated by the people who vote for TRF’s. Information will flow freely from the private hands of corporate government back into the hands of the public. All truths will be necessarily exposed in this way – through mandated audits. And the impenetrable wall that is our corporate government will eventually fall back into the publics’ tax-free hands. And those responsible will be held accountable. But until this wealth and power is transferred back to the people, we as a bunch of minority advocacy groups will never accomplish anything… unless we unite into one cause and become the majority. For the system will never reveal itself. Nor will it punish itself. 9/11 will remain hidden in the same warehouse as JFK, Waco, and other cover-ups until this new information has been discussed and spread far and wide. War crimes will not be administered until CAFR’s and government wealth are exposed and the military is once again a public entity controlled by congress and the United States is taken out of the United Nations.

The last thing to keep in mind is this: What Alex Jones calls compartmentalization – meaning one hand doesn’t know what the other is doing – is actually the case with many of our financial planners and politicians who have unwittingly been a part of this in their careers. Most people involved in small government in low to mid-level positions do not understand how this all works and fits together. Banks, businesses, media, churches, government… they all have corporate pyramid structures with very few at the top understanding the bigger picture.

To put this into perspective, consider this: 100 different people, with 100 different skills, each individually making 100 different parts, can easily build a complete nuclear bomb. Yet if they are never told what it is that they are making as a whole – the end product – they have no understanding or comprehension of their complicity in the making of that deadly bomb.

And understand that greed, theft and corruption have become so commonplace in the government and regular workforce that it is hard to succeed without succumbing to these traits. So this is not a call for torches and pitchforks. That is not necessary, appealing as it may be to some. The whole thing can be reversed. The same people in power can be made to give back the wealth of our nation without bloodshed and hatred, and while continuing to reap huge rewards for their service to the public instead of the corporation. This perhaps, is the best reason to listen to Walter Burien – the man with the golden solution.

But do understand that everyone in higher politics does comprehend this information. It is their lifeblood. They’re true income and wealth is their discretionary multi-million dollar expense accounts, not their meager salaries. Unfortunately, that includes people who are our hero’s… like Ron Paul. He is a great man, well intentioned, but forced to be silent. For he would be excused, muffled, his family threatened, or worse if he were to talk about this information publicly. This is organized crime to the most extreme, so this would be like an inside boss tattling on the mafia. This would be political… and probably physical suicide for Ron Paul and other good men and women in government. So it’s up to the people to expose this information in a grass roots movement and information campaign, so that good men like these can finally step up, speak the truth, and be the patriotic men and women they are meant to be… and to help us to do what’s right.

So… I’m going to be on this full time if possible. I’m going to talk to as many people as I can, regardless of the consequences to our friendship, social, work, or family relationships. I would stand up as David to Goliath at the risk of life and limb to help change this and make Mr. Burien’s dream of eliminating all taxes, downsizing government, and taking back our government and our wealth from private to public ownership once again. This is too important not to talk about. And trust me when I say that if everyone doesn’t start talking about this, and quite soon, it will be too late for any reconciliation or reconstruction of our government to be able to take place. I expect an uphill battle. I expect my well being to be threatened. I expect to be ostracized by media and publishing companies at the expense of my humble dream of being an honest writer, journalist and novelist. I may never work in Hollywood as a professional again. But if I can see this to fruition and effectively change the world infinitely for the better good of mankind, all of this is by far worth any personal cost to myself. It is even worth my life. That’s how sure I am of the riotousness of this cause.

And so I ask you once again. Go to CAFR1.com (http://CAFR1.com) and read all that you can. Support Walter Burien financially if you are able, and by viewing his new documentary that will be online January 10th, 2010.

And get out there and start talking about this. Help change the world, one local venue at a time.

The clock is ticking…

Sincerely and in unity,

Clint Richardson
Clint@CAFR1.com
Saturday, January 9th, 2010

Property Tax Is Extortion By Your Government


I went to a public hearing the other day about a raise in property taxes, this time by the county instead of the state or city. I had about ten minutes worth of facts and figures to read, but I was required to speak what I wanted to say in only three minutes. This was impossible, and I was enraged that free speech and the redress of grievances to our tyrannical government has been reduced to a circus show where the council would only allow my free speech in three minute segments. That is no longer free speech, but rather a privilege granted by the ruling class to the peasantry.

I just wanted to share with you the opener to my speech, since this seems the only truly free forum in which I can speak!

It went like this:

–Ω–

First, I’d just like to say thank you to the board in keeping the constitutional rights of public assembly and the freedom of speech alive in maintaining these types of public hearings. I keep hope that this right is never taken away from the people in what will always remain a representative government. To that end… you who sit on this panel are the representatives of the people, and simply defined that means that the peoples will is paramount to yours.

Now, I’d like talk about taxes. Specifically in this case… property taxes.

I wonder if anyone can tell me the difference between property taxes and rent?

If I rent an apartment, I have to pay a tax – which is called rent – to stay in that apartment.

Likewise, if I live on my own land, in my own house, I also have to pay rent – which is called a tax – a property tax – to stay on that land and in that house.

So is there any difference between rent and property tax?

Well, as far as I can tell, no there is not.

Let’s qualify this…

If I cease to pay my rent to my landlord for his apartment, the consequences of that action are for the landlord to evict me, with the city and state government’s support, of course. This I understand, for it is not my property for which I am living.

But what about my own land and home… the land that my ancestors might have settled over 200 years ago before a property tax scam was even imagined… heck, before Salt Lake City was even imagined? The home that I might own outright, having paid all debt owed for that land and home? What if I cease to pay my rent (in the form of property taxes) to my landlord (who is the government)? What will happen?

Well, as far as I know, the government will just evict me from my own home who I am the landlord of.

So is this a tax, or is it rent.

Lets go even further and call it for what it really is… extortion. Plain and simple.

For through eminent domain, you can take my property anytime you want. Just like a landlord can sell his property and kick you out of your apartment, anytime he likes.

If you homeowners out there don’t agree with me on this, then I invite you to stop paying your property tax… your “rent” to the government, and see what happens…

A legal tax on the citizenry must be apportioned. But it should also be avoidable. If I don’t want to pay the gas tax, I can choose not to drive. If I don’t want to pay the sales tax, I can barter, trade, or grow my own food (as long as the government with all of their codes allows me to do this).

But, as a homeowner, I cannot avoid this tax, unless I want to move and pay rent to someone else. I must pay it or loose my home. Kinda reminds me of protection money, gangland style… The American dream of owning a home is nothing more than glorified rent, with a false sense of security through “limited” ownership, and the stature attached to that dream.

So who regulates the mafia, when they decide to raise the protection money rates, or the government from raising the rent in the form of property taxes?

This is one I wish I had an answer to, though I don’t.

But if every citizen who shows up to this hearing today has a negative response to this “rent through tax” increase, then the logical conclusion to this hearing is that this increase on an already burdensome tax fund should not be allowed. This would be an example of that representative government I was talking about earlier. Meaning that you, as representatives of the people of your county have been made perfectly aware and clear that this tax increase is unacceptable to the overwhelming majority of the people that you supposedly represent and who responded to this announcement and hearing. Therefore the outcome of this hearing should also be clear, which is a resounding NO NEW TAXES!

Now I can only assume, that if you, as a representative public panel, approve this new unavoidable tax increase, that would mean that you are in fact not representing your constitutes; the people who elected you, and are in fact representing someone, or something else.

I have other pertinent documentation that clearly shows that the money to pay for these improvements and initiatives is quite available through other government means. However, I would ask that someone else in the honorable constituents waiting to speak whom also opposes this increase, to allow me their time to speak on behalf of the citizenry. For I assure you, this is the most important of information. Anyone…?

–Ω–

This is dedicated to the Salt Lake County Council, who is no doubt complicit in the theft and wealth building from its starving taxpayer base, for cutting me off and threatening police interaction if anyone spoke out of line. May you rot in Hell for the ruin you have brought unto this city and collectively through all other governments, this country.

They voted in favor of the tax increase, by the way.

More to come on this government wealth which could eliminate all taxes in future posts…

Clint Richardson (realitybloger.wordpress.com)
December 10, 2001