All posts tagged Government Wealth

CAFR Investment Scheme In The United Kingdom


I was asked by a gentleman in the United Kingdom to help him to find a CAFR (or Annual Financial Statement [AFR]) similar to the United States system of uniform financial reporting in order to prove and document that government’s investment scheme. Though I had never searched or looked at one in any depth, I have read in several places that this AFR system is becoming ever more global in structure, and well on its way to merging into a totally global uniform structure of financial accounting. And after my extensive search, I was shocked at how this international financial accounting structure has already been implemented right under our collective noses.

Since it took me quite an effort today to search and find such an annual financial report in the UK, I wanted to share what I found with you folks across the sea, and how I finally found the CAFR (AFR) equivalent of the UK in England.

After much searching with different terms I finally found this official letter from the City Of York Council (CYC), which explains the statutory requirements of the Annual Financial Report and its “Statement Of Accounts” in the United Kingdom. This term “Statement of Accounts” seems to be the key word to find these financial statements online for each local City or government there, and the first sentence (Summary) of the letter below is fairly uniform in most of these reports, meaning that searching this term brings up many “AFR/Statement of Account” (.pdf) files for different UK governments.

Here’s what that letter says from the City of York Council:

Audit and Governance Committee 27 September 2012 – Report of the Director of Customer & Business Support Services – Final Annual Financial Report – Statement of Accounts 2011/12

Summary…

“This report is for Members to Note the Annual Financial Report – Statement of Accounts 2011/12. Members will then approve the Annual Financial Report – Statement of accounts 2011/12 following consideration of the Annual Governance Report – Audit Commission, which follows on this agenda.”

Background…

“The draft pre-audit Annual Financial Report – Statement of Accounts for 2011/12 were signed by the Chief Finance Officer – Director of Customer & Business Support Services – on 29 June 2012. This is in accordance with the revised Accounts and Audit Regulations 2012, which require authorisation by 30 June each year.”

“The Annual Financial Report – Statement of Accounts 2011/12 has been prepared in accordance with the CIPFA Code of Practice on Local Authority Accounting in the UK, in line with International Financial Reporting Standards (IFRS).”

“It is a statutory requirement to produce an Annual Financial Report – Statement of Accounts every year by 30 September.”

“The Annual Financial Report – Statement of Accounts provides a technical financial summary of the activities of the council and assists in providing the Council with a viable financial position in which to base it future budget projections. It is a statutory requirement that the Audit & Governance Committee approves the Statement of Accounts after the audit by 30 September 2012.”

“Members are asked to Note the Final Annual Financial Report – Statement of Accounts for 2011/12 in order that they can receive the Annual Governance Report of the Audit Commission also included on this agenda. (The Annual Financial Report – Statement of Accounts 2011/12 will be approved by members following the Annual Governance Report – Audit Commission.)

Reason…

It is a statutory requirement that a committee of the Council or Full Council approves the Statement of Accounts for 2011/12 by 30 September 2012″

LINK–> http://democracy.york.gov.uk/%28S%28yridobusdxi2uduraqdiggyh%29%29/documents/s75558/Final%20Annual%20Financial%20Report%20Statement%20of%20Accounts.pdf

–=–

So we now know these reports are statutorily (legally) required for all cities in the UK. So my next step was to pull up the City Of York Annual Financial Report to see what I could find, with the goal of finding the equivalent habit of the United States governments in UK financial reporting of the hiding of current assets with future liabilities. And here is what I found…

City Of York AFR link (download page link)–> http://www.york.gov.uk/downloads/file/543/statement_of_accounts_2011_12_8_00_mb

First, we look in the index to find the equivalent Statement of Net Assets as in the United States – a listing of basic assets, liabilities, and total assets after these two sections are totaled.

On Page 17 we find listed the “BALANCE SHEET”. This is the only page we will be addressing here today, though it is in no way a comprehensive look at these Financial Statements. The notes are integral to a full understanding of this report, as well as utilizing this same examination technique to the reported individual fund (reserve) balances below – which are also covered up with similar creative accounting principles to lower the reported balances.

The first thing I noticed here is that where the United States refers to its investment funds as “Fund” and “Fund Balances”, the UK government apparently uses the name “Reserve” and “Reserve Balances” instead – same thing; different language.

I also noticed that the “TOTAL ASSETS” final total is equal to the “RESERVES” final total, signifying that the reserve (funds left over) balance of cash and investments is called the “RESERVES”.

Also interesting to note is that under the ASSETS section, the government lists “LONG-TERM ASSETS”, which is a very deceiving reporting of what in the Untied States are called Capital Assets – buildings, property, etc.

These “LONG-TERM ASSETS” as property with fluctuating values should in no way be confused with future income or tax revenue, which would account for and equal out to zero future debt payments as reported in the Long-Term Liabilities section. In other words, just like in the United States, this UK government is using FUTURE LIABILITIES (future payments on debt to be made years or decades in the future) to cover up the CURRENT ASSETS (RESERVES) of today (end of fiscal year of AFR). In this way, the reserve (investment fund and cash account) balances can be hidden from the public, creating the illusion that these CURRENT reserves (assets) are matched by CURRENT liabilities listed as Total Assets.

And this is the scam… for the future debts (liabilities) will be paid for by future revenues (taxes/assets) collected, and therefore the CURRENT assets should not be affected by the future York debt payment schedule – no more than your personal bank account balances today are effected by your own future car or mortgage payments of tomorrow. A reporting of assets held today should not be effected by debt payments tomorrow, unless someone is attempting to purposefully hide today’s assets.

Thus, this obfuscation and cover-up of actual government wealth in government financial reporting is uniform and perfectly legal throughout the world.

The people are still sitting on their collective asses here in the good ol’ United States, but maybe ya’ll over there in the Queens land might actually do something about this – maybe some of those famous riots I so love…

So let’s take a look at what the real financial position of the City Of York was on September 30, 2012…

The 2012 reserves include ($=British Pound):

“USABLE RESERVES”
General Fund Balance – $13,441,000
Capital Receipts Reserve – $992,000
Housing Revenue Account Reserve – $10,811,000
Major Repairs Reserve – $574,000
Capital Grants Unapplied – $4,541,000
Earmarked Reserves – $23,541,000

“UNUSABLE RESERVES”
Revaluation Reserve – $130,489,000
Capital Adjustment Account – $347,342,000
Available-for-sale Financial Instruments Reserve – $0
Financial Instruments Adjustment Account – $(-2,060,000)
Pensions reserve – $(-181,934,000)
Collection Fund Adjustment Account – $169,000
Employee Benefit Adjustment Account – $(-5,321,000)

These are the same types of investment funds which in America are called “Funds” (debt service fund, golf fund, water fund, sewer fund, capital improvement fund, etc.). The purpose of these reserves as investment funds is to put restrictions upon that revenue reserve in order to take it out of the taxpayer base and into the business-type (non-governmental) base (no longer able to be used in the taxpayer budget) – where it can be invested into treasuries, securities, and utilized and loaned for interest bearing purposes. This is the purposeful draining of taxpayer money from taxpayer services, and it is fraud. For this, I think you all should give me at least one good riot!

You see, you in the UK also have the same criminal hiding (obfuscation) of these assets as we do in America, by applying future liabilities to current asset totals, and excluding the actual value of assets on the budget report for the people.

My last article explains this scam in America, here: https://realitybloger.wordpress.com/2013/02/27/unmasking-the-cafr-scam-in-every-city-usa/

And in UK reporting, it is the same…

Under “LONG TERM LIABILITIES” York has listed $443,631,000, meaning that these are future amortized loan payments, pension, or other liabilities (payments) that will be paid in the future by future assets collected and investment returns earned. In other words, today’s actual balance is being effected by tomorrows debt without consideration of tomorrows revenue as tax-money collections or interest earned in the future on these above listed investments (reserves of fund balances).

“LONG TERM BORROWING” is listed at $252,766,000 for instance, meaning this is taking the reported budgetary balance of assets down by this much in value, literally hiding the wealth and investments of today.

And also listed as a long-term liability is “LIABILITY RELATED TO DEFINED BENEFIT PENSION SCHEME” for $181,934,000. This represents the amount of future assets that will be put into the pension fund “scheme”, but in no way effects the available balance of today’s assets. Again, future asset and revenue collection will pay for this future pension liability.

And yes, the pension system is certainly a scheme, no different than any insurance or banking investment scheme out there. It is simply a way to justify more taxation to “match” the pension payments made by government employees with taxpayer monies and invest those monies into the global markets.

And so if we add up just these two “long-term liability” line items for “pensions” and “borrowing”, realizing that they have nothing to do with the balances of today, we see that total assets should read as $434,700,000 higher than are reported here on this “Balance Sheet” report. That brings our actual total usable money today (Total Assets) in cash and liquid investments to a total of $777,340,000 instead of the reported $342,640,000 – more than double of what the people are led to believe on their budget report.

This will be the uniform way of financial reporting throughout the governments of the UK. So if you can find your City’s AFR and then go to the “BALANCE SHEET” in the index, you will find an equal report for every government in the UK.

***Note again that I use the $ sign here only because I don’t know where the pound sign is on my computer.

–=–
What About The Rest Of The World?
–=–

As this was the first I have heard about the “International Financial Reporting Standards (IFRS)” as reported in the City of York Council letter above, I took a quick peek to see what this was all about. As with most things – like the International Social Security Administration (ISSA) with over 130 countries under its administration, and the International Bar Association (IBA) with untold participation of all countries and legal systems including the United States, it appears that the IFRS is yet another glimpse into the globalization of the world financial and legal framework into one working “system” and standard of global practices.

A cursory search for this IFRS and how it was being implemented both in the United States and globally brought the following results:

“International Financial Reporting Standards have truly arrived in Canada”
Link–> http://www.lexology.com/library/detail.aspx?g=eafd7f7e-f1e9-42d0-96ac-d6d229be5d8a

“Managing The Transition To International Financial Reporting Standards – An Oracle White Paper”
Link–> http://www.oracle.com/us/products/applications/056877.pdf

Excerpt:

EXECUTIVE OVERVIEW

This white paper identifies the many challenges companies face when implementing International Financial Reporting Standards (IFRS) in corporate reporting. It also explores how Oracle’s IFRS-enabled enterprise performance management system can ease this transition. The Oracle solution provides the high level of analysis and transparency that companies need in today’s demanding and uncertain global financial reporting environment.The world’s capital markets ebb and flow continuously, and participants in that marketplace must have access to financial information that faithfully reflects their economic performance.

INTRODUCTION

Since the early 1970s, the International Accounting Standards Board (IASB) and its predecessor, the International Accounting Standards Committee, have worked to develop a single set of international standards, the IFRS. The world’s capital markets ebb and flow continuously, and participants in that marketplace must have access to financial information that faithfully reflects their economic performance, is consistent among companies around the globe, and is governed by a trusted and respected authority of corporate compliance.This massive international endeavor is one of unprecedented scale and complexity—one that is now bearing fruit, despite some minor setbacks. These setbacks have included, for example, the well-publicized amendments to International Accounting Standards (IAS) 39: Financial Instruments: Recognition and Measurement. Nevertheless, IFRS have gained acceptance and traction in all major regions of the world.

Europe

The most-notable progress has been in Europe. In June 2000, the European Commission published the document, EU Financial Reporting Strategy: The Way Forward, which proposed that all publicly listed companies prepare their consolidated accounts in accordance with IAS by 2005. Remarkably, given the scale of the undertaking, more than 9,000 listed companies are now using IFRS when generating their consolidated financial statements.In addition, member states of the European Union (EU) allow companies to use IFRS for corporate income tax statements. Today, most EU countries require companies to generate reports that are in compliance with local Generally Accepted Managing the Transition to International Financial Reporting Standards Page 3 Accounting Principles (GAAP) for tax purposes, but those reports don’t have to be in compliance with IFRS. In practice, companies may be implementing IFRS anyway, as local GAAP guidelines increasingly converge with IFRS.

United States

Following Europe’s success in implementing IFRS, there is renewed focus in the U.S. to merge U.S. and international accounting standards. Presently, there are approximately 11,000 companies whose securities are registered with the U.S. Securities and Exchange Commission (SEC), of which about 1,100 are non-U.S. companies. Since 2005, non-U.S. companies have been allowed to submit their financial statements to the U.S. SEC in compliance with either U.S. GAAP or IFRS, as long as they reconcile discrepancies in the results between the two. But in November 2007, the U.S. SEC voted to drop the reconciliation requirement for financial statements for the year 2007. This represents a major step forward in a long process as U.S. GAAP and IFRS converge. IASB Chair Sir David Tweedie has said that the two sets of standards could be completely merged by 2012. According to SEC Chair Christopher Cox, “The SEC’s decision could put a shine on the image of the United States in the global capital markets system, improve capital-raising opportunities for companies, and provide better comparability of financial statements for investors.”The shift from the rules-based U.S. GAAP to the principles-based IFRS is intended to improve transparency rather than simply enforce compliance, as it allows for some judgment by implementers. However, there are many challenges ahead for the Financial Accounting Standards Board (FASB) and for the finance executives of U.S. public companies who will be making the transition. For example, fair value accounting, a key practice in IFRS, should be familiar to U.S. finance executives because current FASB accounting rules require fair value accounting for such items as derivatives, securitizations, intangibles, and employee stock option grants. However, assessing the value of other assets and liabilities in the absence of active markets could be very subjective, which could make financial statements less reliable. Nevertheless, the FASB is moving forward to enforce fair value accounting in specific areas—pension and lease accounting proposals are currently up for discussion. IFRS even eliminate long-standing practices, such as “last-in-first-out” accounting for inventory valuation, which will be replaced with the newer “first-in-first-out” method.The shift from the rules-based U.S. GAAP to the principles-based IFRS will improve transparency rather than simply enforce compliance.

Canada

In 2005, the Canadian Accounting Standards Board announced a directional change, favoring the use of IFRS over the use of U.S. GAAP. In 2007, the board established a fixed deadline of 2011 for Canadian companies to adopt IFRS for financial reporting. For publicly listed companies, IFRS will be required for interim and annual financial statements relating to the fiscal years beginning January 1, 2011. Canadian private companies and nonprofit organizations are not required to use IFRS, but are permitted to adopt IFRS after 2011.“With the date firmly established, enterprises can plan for the changeover with certainty about the timetable,” said Paul Cherry, chair of the board. “A significant challenge lies ahead but it will be made far more manageable if business leaders prepare early.”“A significant challenge lies ahead but it will be made far more manageable if business leaders prepare early.”—Paul Cherry, chair Canadian Accounting Standards BoardCanadian companies will have to provide comparative data based on IFRS for the previous fiscal year. That is, enterprises must start using IFRS by 2010, and should begin preparing for the transition in 2008 and 2009.

The World

Regulating bodies in countries as diverse as Armenia, Costa Rica, Kuwait, Peru, Australia, and South Africa require reporting from all publicly listed companies to be based on IFRS. In addition, the International Organization of Securities Commissions has recommended that the world’s regulators permit companies to prepare financial statements based on IFRS for cross-border offerings and listings. The IASB has also begun a project to merge the Japanese GAAP with IFRS.

End Excerpt

And for a generic description, Wikipedia states:

IFRS began as an attempt to harmonize accounting across the European Union but the value of harmonization quickly made the concept attractive around the world. They are sometimes still called by the original name of International Accounting Standards (IAS). IAS were issued between 1973 and 2001 by the Board of the International Accounting Standards Committee (IASC). On April 1, 2001, the new International Accounting Standards Board took over from the IASC the responsibility for setting International Accounting Standards. During its first meeting the new Board adopted existing IAS and Standing Interpretations Committee standards (SICs). The IASB has continued to develop standards calling the new standards International Financial Reporting Standards (IFRS)…

IFRS are used in many parts of the world, including the European Union, India, Hong Kong, Australia, Malaysia, Pakistan, GCC countries, Russia, South Africa, Singapore, and Turkey. As of August 2008, more than 113 countries around the world, including all of Europe, currently require or permit IFRS reporting and 85 require IFRS reporting for all domestic, listed companies, according to the U.S. Securities and Exchange Commission.

It is generally expected that IFRS adoption worldwide will be beneficial to investors and other users of financial statements, by reducing the costs of comparing alternative investments and increasing the quality of information. Companies are also expected to benefit, as investors will be more willing to provide financing. Companies that have high levels of international activities are among the group that would benefit from a switch to IFRS. Companies that are involved in foreign activities and investing benefit from the switch due to the increased comparability of a set accounting standard. However, Ray J. Ball has expressed some skepticism of the overall cost of the international standard; he argues that the enforcement of the standards could be lax, and the regional differences in accounting could become obscured behind a label. He also expressed concerns about the fair value emphasis of IFRS and the influence of accountants from non-common-law regions, where losses have been recognized in a less timely manner.

It is interesting to note here that the above mentioned “International Accounting Standards Committee (IASC)” was created and based in the City of London until 2001, and that the United States was a member through the private association called the American Institute of Certified Public Accountants (AICPA), the United Kingdom and Ireland (counted as one) were members through the Institute of Chartered Accountants in England and Wales (ICAEW), Scotland through the Institute of Chartered Accountants of Scotland (ICAS), Ireland through the Institute of Chartered Accountants in Ireland (ICAI), and in whole the United Kingdom through the Association of Chartered Certified Accountants (ACCA), Chartered Institute of Management Accountants (CIMA), and the Chartered Institute of Public Finance and Accountablitity (CIPFA) – among other countries.

The fact that the United States was a member of this London-based organization dovetails on the very threat of a loss of United States borders and sovereignty that I have been warning about for many months, and other for years – through the utilization of private, non-governmental associations such as these drawing in most of the positions of trust and power within the United States; specifically via appointed (not elected) offices like Public Accountants, Financial Officers, City Managers, and through private NGO associations like the National Governor’s Association (NGA) and the National Mayors Association (NMA). These private non-governmental associations promote uniform legal codes and standards on a national and global basis. In short, government has changed so dramatically that it is now virtually unrecognizable; run and administered through private associations that are non-governmental, supposedly non-profit, tax-exempt, and completely nationally and internationally appointed without consideration by and of the people.

In the case of the International Accounting Standards Board, we see the following progression:

On January 25, 2001, the International Accounting Standards Foundation (IASF) was incorporated as a tax-exempt organization in the US State of Deleware. On February 6, 2001, the International Financial Reporting Standards Foundation was also incorporated as a tax-exempt organization in Delaware. The IFRS Foundation is the parent entity of the International Accounting Standards Board (IASB), an independent accounting standard-setter based in London, England.

On 1 March 2001, the IASB assumed accounting standard-setting responsibilities from its predecessor body, the International Accounting Standards Committee (IASC). This was the culmination of a restructuring based on the recommendations of the report Recommendations on Shaping IASC for the Future.

The IASB structure has the following main features: the IFRS Foundation is an independent organization having two main bodies, the Trustees and the IASB, as well as a IFRS Advisory Council and the IFRS Interpretations Committee (formerly the IFRIC). The IASC Foundation Trustees appoint the IASB members, exercise oversight and raise the funds needed, but the IASB has responsibility for setting International Financial Reporting Standards (international accounting standards).

So who is it that this totally independent Foundation appoints to be the members of the board?

Members

The IASB has 14 Board members (12 are full time members and 2 are part time) each with one vote. They are selected as a group of experts with a mix of experience of standard-setting, preparing and using accounts, and academic work. At their January 2009 meeting the Trustees of the Foundation concluded the first part of the second Constitution Review, announcing the creation of a Monitoring Board and the expansion of the IASB to 16 members and giving more consideration to the geographical composition of the IASB.

The IFRS Interpretations Committee has 14 members. Its brief is to provide timely guidance on issues that arise in practice.

A unanimous vote is not necessary in order for the publication of a Standard, exposure draft, or final “IFRIC” Interpretation. The Board’s 2008 Due Process manual stated that approval by nine of the members is required.

The members (as of July 2011) were:

Former IASB members include James J. Leisenring, Robert P. Garnett, Mary Barth, David Tweedie, Gilbert Gélard, Warren McGregor, and Tatsumi Yamada.

So America… who is setting the accounting standards for your elected and appointed politicians so that obfuscations like the one shown above can be uniform throughout the world?

Well, CEO’s and bankers from around the corporate and government world for starters – from Japan, South Africa, France, Sweeden, Germany, China, United Kingdom, Brazil, New Zealand, Australia, and the Netherlands – and from such mega-corporations as Bear Stearns, Deloitte, Volvo, Arthur Andersen, UBS, Coopers & Lybrand, and KPMG.

Note that of the 14 appointed members, only 4 are from the United States. And the chairman is from Netherlands. And so the supposedly sovereign United States (or any country for that matter) can be out-voted by the consensus of this group. Does that sound like sovereignty to you???

As for the City of York Council and Cabinet we see the same problem of delegation of the functions of elected officials to appointed officers and employees. It is their responsibility according to York’s own constitution to “appoint the Chief Executive (Head of Paid Service) and designate officers as the Monitoring Officer, the Chief Financial Officer and Proper Officers under the relevant legislation designate Proper Officers has been otherwise delegated in this Constitution… appoint representatives to outside bodies unless the appointment is one that must by law be made by the Cabinet in relation to its functions or has been delegated by the Council.” “Functions which are the responsibility of Full Council may be delegated to a Committee (including a Ward Committee), a sub committee, an Officer or another Local Authority. Functions which are the responsibility of the Cabinet (called “Cabinet Functions”) may be delegated to a Committee of the Cabinet, a Ward Committee, an individual Member of the Cabinet, an Officer or the Cabinet of
another Local Authority.”

(Source: See Part 3 of York’s Constitution, here: http://democracy.york.gov.uk/ecCatDisplay.aspx?sch=doc&cat=12830&path=0)

–=–

This has been a long process of incremental change over many decades, and within the United States dating back to the late 1800’s. These private associations and NGO’s have taken over the entire framework of government, and are ghostwriting the legislation and laws of this and other countries around the world – all through common standards and practices originating from a global board on a global committee.

Understanding this reality of the structure of our now completely infiltrated government is the first step to understanding the full scheme of investments and greed that have now shaped the world economy. And the lies and obfuscations allowed by international law to be implemented as an international standard of financial reporting is already upon us.

Welcome to the global machine…

.

–Clint Richardson (Realitybloger.wordpress.com)
–Monday, March 4th, 2013

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Posted by realitybloger on March 4, 2013

https://realitybloger.com/2013/03/04/cafr-investment-scheme-in-the-united-kingdom/

Unmasking The CAFR Scam In Every City, USA


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

And personally, I’m tired of watching…

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

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

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

Step 1:

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

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

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

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

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

LINK –> http://www.cityofpacifica.org/depts/finance/cafrs/default.asp

Click on the “2011”  link to open the CAFR .pdf, and go to the index.

Here you will see, as with all other CAFR reports, an entry for the “STATEMENT OF NET ASSETS“, listed under the FINANCIAL SECTION, and under “GOVERNMENT-WIDE FINANCIAL STATEMENTS”. This tells us to go to page 17 of this particular Comprehensive Annual Financial Report to find our “statement of net assets”.

That’s it! This is the hardest part of the whole process.

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

Step 2:

Now that we are on page 17 (or your own CAFR page listing the “STATEMENT OF NET ASSETS” graph), we see a page full of large figures.

Don’t worry… you don’t need to know these. They are irrelevant to our goal. Fortunately, we are only concerned with the three or four line items that prove the budget lie and omission of the CAFR facts.

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

1. “Assets”

2. “Liabilities”

3. (Total) Net Assets.

In basic accounting, we add up the “ASSETS” and then subtract the “LIABILITIES”, which gives us our balance called “NET ASSETS”.

But we must remember, there is nothing at all “basic” about government accounting. In fact, it is the most complicated structure of obfuscation I’ve ever encountered. Berny Madoff would even be proud…

Step 3:

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

Now, under the ASSETS column, we see that TOTAL ASSETS  are listed as:

———————————————————

Governmental Activities: $103,806,744

Business-Type Activities: $57,517,150

Totals: $161,323,894

———————————————————

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

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

———————————————————

Governmental Activities: $45,403,706

Business-Type Activities: $37,792,153

Totals: $83,195,859

———————————————————

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

Finally, our TOTAL NET ASSETS are listed as:

———————————————————

Governmental Activities: $58,403,038

Business-Type Activities: $19,724,997

Totals: $78,128,035

———————————————————

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

Step 4:

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

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

In order to understand this lie, we must now go back to the LIABILITIES section.

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

Under the LIABILITIES section, we see a line item titled “NONCURRENT LIABILITIES”.

In our Pacifica City Corporation CAFR, these are listed as follows:

Due Within One Year:

Governmental Activities: $4,283,958

Business-Type Activities: $2,458,072

Totals: $6,742,030

Due In More Than One Year:

Governmental Activities: $38,527,849

Business-Type Activities: $34,108,234

Totals: $72,636,083

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

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

Glad you asked…

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

Why is this significant?

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

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

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

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

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

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

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

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

But government doesn’t do this, you see.

Because government is not reporting to the IRS as a taxpayer.

Government is the tax collector.

And government is a profitable business.

So how does government hide its wealth from the people?

The same way that you would hide your wealth from government… that is, if it was legal – like it is for government to hide its wealth from you.

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

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

Step 2 (Creative accounting): While reporting CURRENT ASSETS, hide the true value of today’s assets by subtracting your FUTURE LIABILITIES of tomorrow from your ASSET totals today.

That’s it! You’ve just hidden most or all of your current wealth and assets. You’ve successfully fooled the IRS into actually believing that despite your actual money, property, and investment totals that can be seen clearly listed on your report, you have somehow made that money, that property, and those investments magically disappear from your balance sheet and claim to not actually have that money, property, and investment capital in your accounts today!

Wait a minute!

Did we miss something?

How exactly did this happen?

Just how can I make my current assets magically disappear by listing my future liabilities?

The answer: Exactly like government does!

Here’s what you did…

Let’s say your home is worth $500,000 and your two cars are worth a combined total of $100,000. Not bad man! Your doing pretty good I’d say. Better than most now-a-days, right?

Oh, but wait a minute. We can’t forget that these little property assets called “capital assets” didn’t come for free. It turns out you are not so different than the majority of people out there, and you have bank loans which hold as collateral your “capital assets”. In other words, you’re up to your neck in DEBT!!!

Debt is a future liability.

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

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

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

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

Property value: $600,000

Cash and investments: -$300,000

What?

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

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

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

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

Welcome to government creative CAFR and budget accounting!!!

–=–

Now, back to the City Of Pacifica Municipal Corporation CAFR…

Again, our liabilities are listed as:

Due Within One Year:

Governmental Activities: $4,283,958

Business-Type Activities: $2,458,072

Totals: $6,742,030

Due In More Than One Year:

Governmental Activities: $38,527,849

Business-Type Activities: $34,108,234

Totals: $72,636,083

To be fair, we will treat the listed liabilities that are “due within one year” as a legitimate line item, and to cover any type of short-term future assets that this government corporation might have actually reported.

And so, we have a total left over in the “due in more than one year” category of $72,636,083.

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

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

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

But this is not the case.

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

Governmental Activities: $58,403,038

Business-Type Activities: $19,724,997

Totals: $78,128,035

To this:

Governmental Activities: $58,403,038 + $38,527,849

Business-Type Activities: $19,724,997 + $34,108,234

Totals: $78,128,035 + $72,636,083

This gives the municipal corporation of Pacifica, California a sudden increase in its actual CURRENT ASSETS to a total of $150,764,116, almost double what it actually reports within its Statment of Net Assets.

And there you have it – creative accounting at its finest. This, ladies and gentlemen, is the financial scam being perpetrated over you in every city, district, county, and state, USA.

And this can be used by anyone to call out your council, mayor, and any other financial planners that try and bullshit you into believing that your government has no money. And this is only the tip of the iceberg…

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

–=–

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

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

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

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

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

Total Assets (and Deferred Outflows): $10,030,113,247

Total Liabilities: $10,059,121,604

Total Net Assets (Deficit): ($29,008,357)

So here the City of Detroit is reporting that after all CURRENT ASSETS and LIABILITIES are considered, the City is running a deficit of over $29 million dollars.

But what happens when we look closer at the liabilities section line items and apply the “creative accounting” lesson we just learned?

Amazing things, folks. Amazing things happen…

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

Due Within One Year: $313,944,768

Due In More Than One Year: $8,366,493,713

It also lists certain liabilities in the form of toxic debt instruments as:

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

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

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

Total Current Assets (and Deferred Outflows): $10,030,113,247

Total Current Liabilities: $1,692,627,891

Total Current Net Assets: $8,337,485,356

So the City Of Detroit is covering up more than $8 billion dollars in CURRENT assets by its creative accounting of future assets due more than a year away that will be paid for by future assets that are creatively not reported in its own audited CAFR. If I was a resident of Detroit, I’d say it was time to hold certain lying councilmen and the mayor accountable to the people. And in gangland Detroit, the word accountable would and should be a very frightening thought to those crooked political figures in power over the trust of the people!

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

–=–

Ok, how about one of the largest Cities and Counties in the nation, Los Angeles.

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

Here is the link to the 2011 City CAFR for City Of Los Angeles: http://controller.lacity.org/stellent/groups/ElectedOfficials/@CTR_Contributor/documents/Contributor_Web_Content/LACITYP_019904.pdf

And here is the link for County Of Los Angeles: http://file.lacounty.gov/lac/cms1_141548.pdf

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

Total Assets: $48,314,850,000

Total Liabilities: $27,828,798,000

Total Net Assets: $20,486,052,000

But again, in the LIABILITIES section, is listed “NON-CURRENT LIABILITIES”:

Due In More Than One Year: $23,808,794,000

And so the actual CURRENT NET ASSETS total for Los Angeles City government is in fact $44,294,846,000.

–=–

And now the County of Los Angeles:

Total Asset: $26,447,190,000

Total Liabilities: $10,317,696,000

Total Net Assets: $16,129,494,000

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

Due In More Than One Year: $7,224,245,000

And so the actual CURRENT NET ASSETS total for Los Angeles County government is in fact $23,353,739,000.

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

–=–

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

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

On page 33 is the Statement Of Net Assets:

Total Asset: $161,323,894

Total Liabilities: $83,195,859

Total Net Assets: $78,128,035

And when we realize that most of these liabilities are what are called “NON-CURRENT LIABILITIES” on this report, we see that of these listed liabilities:

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

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

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

–=–

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

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

Be well, and stop playing the fool!!!

.

–Clint Richardson (Realitybloger.wordpress.com)
–Wednesday, February 27, 2013

86 Comments
by realitybloger on February 27, 2013  •  Permalink
Posted in Comprehensive Annual Financial Reports, Government Wealth
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Posted by realitybloger on February 27, 2013

https://realitybloger.com/2013/02/27/unmasking-the-cafr-scam-in-every-city-usa/

Social Media – The Simulation Of Action


Ironically, on this journey of learning and deep comprehension, the hardest lessons to learn are that the teachers are barriers to learning.

The alternative radio is an outpouring of sophistry mixed with overinflated egos that will not deflate no matter how sharp the pin-prick. The alternative news share quotes that aren’t real, as if all evil men hell-bent upon taking over the world have some insatiable desire to monologue their plans within books and speeches. Speculation has become science, and half-truth has become the spoken word. And in the place of reality has been created the simulation of reality – the “meme”.

But it is our magnetic attraction to like-minded people that really describes our addiction to social media. Be it for dating, information, conversations with friends we’ve never actually met or seen, or for simply spying with permission through Twitter and Facebook, the social media has if nothing else created a dangerous disposition for all good people.

A meme is “an idea or element of social behavior passed on through generations in a culture, especially by imitation” (World English Dict). And with the advent of the social media, including Facebook, MySpace, Twitter, Email, Forums, Internet Radio, Internet TV and Youtube, and all of the other interconnected social forms of communications out there, the process of “waking up” that is so often espoused by all of us egotistical “truthers”, “patriots”, “Warriers for Truth”, “Info-warriers”, “Birthers”, and other descriptive falsities are in fact just memes – a flock of parrots parroting over the truth.

I have even heard various definitions of the word “truth” from meme-land, going so far as to say that “the truth is what you make it”. But of course, this meme is also parroted, bringing in the “New Agers”, the “Energy” and “Light” bringers, the religious cults, and the mystics.

But the word truth is one of the few words in both the English and Legal dictionaries that doesn’t alter or change.

TRUTH. The actual state of things. 2. In contracts, the parties are bound to toll the truth in their dealings, and a deviation from it will generally avoid the contract; and even concealment, or suppressio veri, will be considered fraudulent in the contract of insurance. 3. In giving his testimony, a witness is required to tell the truth, the whole truth, and nothing but the truth; for the object in the examination of matters of fact, is to ascertain truth.

Imagine if when asked to tell the truth “so help you God” in a court of law, you asked for the definition of the word “truth”… you would not, unless you were really clever! And yet out here in meme-land the truth is relative to the ideas being discussed, and apparently the spoken word of alternative shock-jocks is the word of truth, listened to by “truthers”, and parroted to others creating the meme of truth without fact. Fallacy has become truth, because fallacy is an unfamiliar concept.

The sheep on my farm are white; therefore all other sheep must also be white.

So let me tell you now what I have come to realize as the actual state of things…

The social media, from email to government’s political discussion boards to radio and television to SYPE, Facebook, and Twitter, has ruined the people. Social media has created a simulation of reality, where even the most vicious of crimes go unpunished, children are raped and abused, innocent men go to jail without harming another soul, and where the most corrupt are placed in power.

Social media’s greatest contribution to mankind is that it creates a helpless population who don’t understand why their tireless ranting, raving, and complaining doesn’t change the world. Of course, the answer to this is simple if only you stop and think about it for a moment… Here is the simple truth: Nothing will change in the real world if all of your intention and effort is being focused in the artificial simulation of the real world. Social media is the artificial world.

Let’s take just one of the many stories that are being passed around now within social forums:

“GUILTY! Final Verdict is Rendered in First Common Law Court Case against the Vatican and Canada for Genocide

Pope, Queen and Canadian Prime Minister found Guilty of Crimes against Humanity and Sentenced to Twenty Five Year Prison Terms –

Court Orders them to Surrender by March 4 or face Citizens’ Arrests

Brussels:

Pope Benedict will go to jail for twenty five years for his role in Crimes against Humanity, and Vatican wealth and property is to be seized, according to today’s historic verdict of the International Common Law Court of Justice.”

The Brussels-based Court handed down a unanimous guilty verdict from its Citizen Jurors and ordered the citizens’ arrest of thirty Defendants commencing March 4 in a Court Order issued to them today.”

All of these memes about arresting the queen, the prime minister, the Pope, or for that matter any social media news about actions taken are nothing but whimsical imaginary things, promoted in the artificial construct of the social media… these are all simulations of reality that never see fruition, because these things are played out in the fictional world of the social media.

In this heavily promoted “non-violent” and “peaceful” resistance society, we the people who sit on these people’s grand juries don’t seem to realize that the only way to make their decision have authority under law is to violently and non-peaceably carry out the verdict of that decision, break into the Queen’s castle and the Pope’s Vatican City, and forcibly remove these people to answer for their crimes. Sorry folks, that’s what law is. Either do it all the way, or enjoy your servitude.

As if the queens court system would allow the queen to be arrested under it… LOL!

It’s like living in a fantasy world, and each new idea creates a new twist to the plot that never has any actual ending, because the social media stops people from actually BEHEADING the queen or the Pope or the presidents and instead keeps us in a dream state of socially interconnected nonsense! Welcome to your self-created and perpetuated Matrix – Facebook, Infowars, Youtube, and now SKYPE – the fantasy world of social media ideas that never create action.

I mean, I would think that your collective asses would be getting tired from sitting around all day writing fiction, memes, and virtually endless novels and court filings about what you would do to save the world if only you had the nerve to detach your asses from your chairs? Social media is the great in-activator, and is really just a birds eye view and historical wikipedia of our transition into total tyranny and slavery. That is why social media was invented and so well funded by governments and corporations – not to connect the people to the world but to disconnect the people of our country by making them interconnected in their minds. This is the Matrix, its just instead called SKYPE. Meanwhile our wealth, productivity, land, property, and  illusions of freedom and sovereignty are being sucked out of us like a bunch of parroting batteries that do nothing to conserve our own power but to swquack on websites and forums without actually doing anything.

This realization, it seems, is the true state of “waking up”.

This realization is, unfortunately, the dark truth of our generations. And our future ones will be interconnected in ways we can barely imagine, until the real world is but an inconvenient disposition of the actual truth.

What’s even more disturbing is that we do all of this social media activity within a government and DARPA-funded mega-corporate structure, which provides us with the free or inexpensive technology, storage space, and forums for which to conduct our collective simulation. We have come to rely on this structure as if it were our own, which it is not. My WordPress site will only be here as long as government or WordPress allows it to be part of this Matrix, at which point my digital footprint into the hearts and minds of men in this artificial construct called the Internet will be permanently disappeared.

Our Matrix of social memes relies entirely on government’s opinion on whether that social media is accomplishing its goals – to keep the anger of the general population directed not at the real problems and the real people creating them, but instead to the artificial construct of forums, email blasts, radio shows, and other media that deflect any real change that might happen in the real world. We are literally sitting around throwing virtual darts at digital pictures of politicians and the elite. And that is the true goal of allowing social media to advance.

If we are all watching TV or Youtube, listening to radio or other opinions about the simulated real world, then who is left to actually watch and take care of and act against tyranny in the real world?

In my humble opinion, the social media interconnectedness we see coming to fruition today is the end of the first step of a long and incremental process towards the implementation of the trans-humanist agenda. When you understand why this is so, you will understand what unplugging from the Matrix (self-induced mental slavery) really means.

.

–Clint Richardson (Realitybloger.wordpress.com)
–Tuesday, February 26, 2013

11 Comments
by realitybloger on February 26, 2013  •  Permalink
Posted in Memes, Social Media, STRAWMAN, Transhumanism
Tagged , , , , , , , , , , , , , , , ,

Posted by realitybloger on February 26, 2013

https://realitybloger.com/2013/02/26/social-media-the-simulation-of-action/

To Protect And Serve?


What does this obtuse and open-ended catch-phrase actually mean?

Have you ever asked yourself that question?

–=–

It is fairly obvious and easy enough to say that the police are not actually there to “protect and serve” the people of the land in the conversational sense of the words, but indeed protect and serve only the interests and continuity of the corporations called States, Counties, and Cities.

But we must also define what “protecting” and “serving” actually mean in the legal language. Of course, because we are talking about the sales pitch of the municipal corporation (government) police departments, we must answer this question with the best legal definitions of these words, instead of relying on our mislead perceptions of this misleading moniker as portrayed by the media and entertainment industries.

To protect and serve… Who? What? Where? When? Why?

We will now use U.S. CODE and the Bouvier’s Law Dictionary, 1856, to get a full description of this open ended statement, “To Protect And Serve“.

–=–
TO PROTECT
–=–

The observation that police are driving around in expensive taxpayer-funded vehicles while being paid by taxpayers to do so, issuing citations for speeding, crossing double yellow lines, making illegal U-turns, and other pointless victimless crimes, should be quite enough evidence that the police aren’t driving around looking for an opportunity to protect you from danger or to serve or help you, but are instead driving around looking for ways to earn money through exaction and force for the corporation (government) that they are employed by – so as to fulfill their monthly quotas.

But if this concept isn’t readily obvious to you – that police officers are there to extort money out of your pockets – then let’s examine together the legal definition of the word “protect”.

First, we must understand what a legal right is as opposed to a natural right.

This section of U.S. CODE does a very nice job of making that distinction…

42 USC § 1981 – Equal rights under the law

(a) Statement of equal rights

All persons within the jurisdiction of the United States shall have the same right in every State and Territory to make and enforce contracts, to sue, be parties, give evidence, and to the full and equal benefit of all laws and proceedings for the security of persons and property as is enjoyed by white citizens, and shall be subject to like punishment, pains, penalties, taxes, licenses, and exactions of every kind, and to no other.
(b) “Make and enforce contracts” defined
For purposes of this section, the term “make and enforce contracts” includes the making, performance, modification, and termination of contracts, and the enjoyment of all benefits, privileges, terms, and conditions of the contractual relationship.

Here we see the difference between a God-given natural right and a right that is bestowed by the government under color of civil law, which in fact is nothing more than a contracted privilege you agree to by signature and consent. When one understands what is stated here in U.S. CODE, one understands that political rights are the definition of tyranny and extortion.

In fact, the word exaction is specifically defined as extortion.

EXACTION, torts. A willful wrong done by an officer, or by one who, under color of his office, takes more fee or pay for his services than what the law allows. Between extortion and exaction there is this difference; that in the former case the officer extorts more than his due, when something is due to him; in the latter, he exacts what is not his due, when there is nothing due to him. Wishard; Co. Litt. 368.

“A willful wrong…“

This means that government claims under TITLE 42, Section 1981, that it is your right to be exacted (extorted) from by government or other corporations through the “contractual relationship”. And that it is your right to be wronged by men in uniform who willfully harm you while acting under the “color of law”

By signing a ticket or citation (a contract) and then by paying the fee imposed by that contract and agreed upon by you, the fine line of extortion and exaction is crossed, and exaction (nothing due) by contract under threat and duress is created and becomes extortion (what is now due). Add a few late fees and other charges by the courts (more than is due) and exaction is legally upon you via contract. So how does a police officer under the color of his office extort money from you in a way that “exacts what is not due” to him? He forces you to sign a contract which obligates you to pay his office a fine or fee. Thus, exaction (taking what is not due) becomes a legal function of legal contract law, and your “right” to be extorted from (stealing what is now due) as listed in U.S. CODE as an “equal right” (privilege) is justified by your signature on the ticket (contract).

Do you understand? Being extorted and exacted form is a right, benefit, and a privilege. Being taxed is a right, benefit, and privilege. And being subject to pains, penalties, and punishment is a right, benefit, and a privilege. These are the wonderful rights, benefits, and privileges of being a citizen (person) of the United States enjoying the “contractual relationship” between yourself and government.

You enjoy those rights now, ya hear…?

Ok. So what exactly does the word “protect” mean, considering that pains, penalties, taxes, licenses, and exactions (extortion) are the so-called rights enumerated and “protected” by police?

PROTECTION, government. That benefit or safety which the government affords to the citizens.

Yeah… so “to protect” can legally be defined as: to ensure the entering into and enforcement of the contractual relationship between government and the citizen by officer willfully wronging the citizens, for which a citizen may be forced into contract under duress and color of law so as to ensure commerce (exaction) for government through such contract, or be imprisoned for breach of that forced contract. And so, police officers (employees of government) are there for the “protection” of the authority and jurisdiction of government to tax, exact (extort), penalize, put into pain, and punish contracted “citizens” through its police “officers” and its “legal system”.

Great…

So what does government mean when it offers to protect your equal rights under the law?

equal protection: an overview

The Equal Protection Clause of the 14th amendment of the U.S. Constitution prohibits states from denying any person within its jurisdiction the equal protection of the laws. See U.S. Const. amend. XIV. In other words, the laws of a state must treat an individual in the same manner as others in similar conditions and circumstances. A violation would occur, for example, if a state prohibited an individual from entering into an employment contract because he or she was a member of a particular race. The equal protection clause is not intended to provide “equality” among individuals or classes but only “equal application” of the laws. The result, therefore, of a law is not relevant so long as there is no discrimination in its application. By denying states the ability to discriminate, the equal protection clause of the Constitution is crucial to the protection of civil rights.

And so once again, we can plainly see that civil rights were and are not created to make all men equal in the eyes of the law/government, but instead are instilled to make all men equally liable to the legal statutes and codes created by government. In short, civil rights make all Persons of the United States equally enslaved by diminishing natural rights into codified civil rights – turning unalienable God-given rights into State sanctioned and revocable privileges under contract and force.

–=–
TO SERVE
–=–

So what does it mean for the police to serve the people?

Probably not what you think…

SERVICE, practice. To execute a writ or process; as, to serve a writ of capias signifies to arrest a defendant under the process; Kirby, 48; 2 Aik. R. 338; 11 Mass. 181; to serve a summons, is to deliver a copy of it at the house of the party, or to deliver it to him personally, or to read it to him; notices and other papers are served by delivering the same at the house of the party, or to him in person.

Hmmm… So legally, “to serve” actually means to serve process, to arrest under that process, to serve a summons, or to deliver a notice. Ok, so “service” is not quite what we thought it was…

But remember, the police are protecting your right to be served by government, and your right to be exacted from and punished.

So what happens when a police officer (a corporate officer of a municipality, county, or State) serves me with a summons, process, or notice?

SUMMONS, practice. The name of a writ commanding the sheriff, or other authorized officer to notify a party to appear in court to answer a complaint made against him and in the said writ specified, on a day therein mentioned. 21 Vin. Ab. 42 2 Sell. Pr. 356; 3 Bl. Com. 279.

SUMMONERS. Petty officers who cite men to appear in any court (i.e. municipal police).

TO SUMMON, practice. The act by which a defendant is notified by a competent officer, that an action has been instituted against him, and that he is required to answer to it at a time and place named. This is done either by giving the defendant a copy of the summons, or leaving it at his house (i.e. mail); or by reading the summons to him.

Interesting. Just one problem though…

The problem with a police officer witnessing, writing (creating), and delivering at the same time a “ticket” for a code violation – which is a summons and notice to appear in court – is that the police officer is the creator of the complaint, as well as the authorized officer who is citing in the ticket (summons) a time to appear in court to answer an action. This ultimately means that a “ticket” is an illegal summons, as there is no action that has been created by a court of law, magistrate, or by an actual victim.

The “officer” may legally serve a summons written by a court, but does not have the legal authority to create a summons without the court… (Without means outside of its jurisdiction) A lawful summons must come from a judge or magistrate.

Of course, this is why the officer requires your driver’s or other license with a current address and personhood name. The license represents the contract agreed to, signed, and broken by you (i.e. vehicle code, etc.). Without the license and the consent presumed by it, no legal statute in code could be broken, and thus no citation could be created. That would mean no money could be exacted, oh my!

But can an officer make a complaint?

COMPLAINT, crim. law. The allegation made to a proper officer, that some person, whether known or unknown, has been guilty of a designated offense, with an offer to prove the fact, and a request that the offender may be punished.

COMPLAINANT. One who makes a complaint. A plaintiff in a suit in chancery is so called. 2. To have a legal effect, the complaint must be supported by such evidence as shows that an offense has been committed, and renders it certain or probable that it was committed by the person named or described in the complaint.

A better question would be: Can a police officer make a complaint to himself about you, and then punish you for the offense that he complained about to himself without a judge and jury? Can he complain to himself?

Isn’t that bypassing the whole concept of law and a fair trial?

The officer is supposed to be receiving a complaint, and serving a notice of that complaint. Can he do both lawfully? Isn’t there a checks and balances system for these types of lawless behaviors?

As we all know, the police officer generally has no complaint received for traffic and other citations, and is creating the complaint himself, and then creating a summons to appear in court to answer for that complaint/misdemeanor crime.

In fact, one might construe and even be able to prove that the police officer who issued the citation is indeed impersonating an officer of the court by issuing an unlawful summons to appear in that court. This, of course, is a serious felony crime – the impersonating of a court official. Thus, the magistrate would be required to answer to this fact when presiding over the trial. So the magistrate must admit to the fact that the police officer acted with or without his consent and jurisdiction to issue a summons to appear before this magistrate. If the answer is no, the summons holds no legal authority. If the answer is yes, then the magistrate is admitting on the record to cooperating in criminal coercion with intent to extort. Either way, I’m betting the case would be dismissed.

This is really no different than if a Girl Scout came up to you on the street and forced you at gunpoint under threat of arrest to buy her cookies, and by doing so, you must either pay a fine for her services or appear in court. This, in effect, is forced commerce through a forced contract (citation/ticket) under duress and threat of incarceration. The ticket is a get out of jail card. Sign the summons or go to jail…

So what is the definition of an “action”?

ACTION, in practice… Actions are divided into criminal and civil… 2. – 1. A criminal action is a prosecution in a court of justice in the name of the government, against one or more individuals accused of a crime… 2. A civil action is a legal demand of one’s right, or it is the form given by law for the recovery of that which is due… (lawful vs. legal)

“A legal demand of one’s right…“.

Think about what that means for a moment. And remember, your “rights” are taxation, pains, punishments, and extortion under the “contractual relationship”. Thus, these “rights” can be demanded of you.

What a messed up system we have…

Criminal actions require a victim harmed. Civil actions require a contract broken or unfulfilled.

So the legal rules, codes, and municipal corporation statutes, which require the consent and contract of the governed to have authority and jurisdiction, are all based on “civil action” – a legal (not lawful) demand to pay what is due to government – when government police officers bypass the court system altogether to create a demand to pay via an illegal summons. In other words, you must pay the fine or go to court.

But what is the cause of action? Who is the injured party? What contract has been broken?

That’s just it, there is no victim and therefore there is no criminal law broken (no victim, no crime). The action, therefore, is based solely on extortion under threat of arrest in the civil realm. This is an unlawful action, and is created or action without cause with an illegal summons to appear, which you may pay money for (extortion) to avoid making an appearance in court. All of this happens when the citation is signed, becoming a contract.

Ok. So what is a “demand”?

DEMAND, contracts. A claim; a legal obligation…

DEMAND, practice. A requisition or a request by one individual to another to do a particular thing. 2. Demands are either express or implied. In many cases, an express demand must be made before the commencement of an action… in other cases an implied demand is all that the law requires, and the bringing of an action is a sufficient demand in those cases…  A demand is frequently necessary to secure to a man all his rights, both in actions arising on contracts and those which are founded on some tort. It is requisite also, when it is intended to bring the party into contempt for not performing an order which has been made a rule of court… 4. – 1. Whether a demand is requisite before the plaintiff can commence an action arising on contract, depends upon express or implied stipulations of the parties… 13. – 2. In cases where the taking of goods is lawful, but their subsequent detention becomes illegal, it is absolutely necessary, in order to secure sufficient evidence of a conversion on the trial, to give a formal notice of the owner’s right to the property and possession, and to make a formal demand in writing of the delivery of such possession to the owner. The refusal to comply with such a demand, unless justified by some right which the possessor may have in the thing detained, will in general afford sufficient evidence of a conversion… 14. – 3. When a nuisance has been erected or continued by a man on his own land, it is advisable, particularly in the case of a private nuisance, to give the party notice and request him to remove it, either before an entry is made for the purpose of abating it, or an action is commenced against the wrong doer and a demand is always indispensable in cases of a continuance of a nuisance originally created by another person… 15. – 4. When an order to pay money, or to do any other thing, has been made a rule of court, a demand for the payment of the money, or performance of the thing, must be made before an attachment will be issued for a contempt…

So technically, the police officer is making a demand before an action is created in a court of law. In other words, the officer is acting illegally as both the party that is harmed (legal codes broken) and the judge of a court who would otherwise issue a demand to answer and pay for an action. This paradox, where the demand for payment is created without a cause of action for payment having been created, is why the “ticket” is actually an illegal summons. No judge ordered you to appear before him, and the police officer is not a judge. Thus, your signature on the “ticket” becomes a private contract created through threat and duress between you and the corporate municipality for which that officer is an employee of – which automatically makes that contract null and void. For a contract must be entered into voluntarily. If you break that contract with consent (by ignoring it, not paying, or not appearing), then you are guilty of breach of contract, and more civil actions will be placed upon you, including liens on your home and personal property – the taking of property to pay the fine created illegally in the first place through coercion and duress.

This is the job description of police officers…

This is service at the barrel of a gun.

So can a ticket be an “order”?

ORDER, contracts. An indorsement (endorsement) or short writing put upon the back of a negotiable bill or note, for the purpose of passing the title to it, and making it payable to another person. 2. When a bill or note is payable to order, which is generally expressed by this formula, “to A B, or order,”or” to the order of A B,” in this case the payee, A B may either receive the money secured by such instrument, or by his order, which is generally done by a simple indorsement, (q. v.) pass the right to receive it to another. But a bill or note wanting these words, although not negotiable, does not lose the general qualities of such instruments… Vide Bill of Exchange; Indorsement. 3. An informal bill of exchange or a paper which requires one person to pay or deliver to another goods on account of the maker to a third party, is called an order.

The police officer is creating a bill of exchange (an order) requiring you to pay or deliver yourself (as surety) to the third party (the court/government). You are agreeing to this order with your signature.

PARTY, practice, contracts. When applied to practice, by party is understood either the plaintiff or defendant. In contracts, a party is one or more persons who engage to perform or receive the performance of some agreement. Vide Parties to contrads; Parties to ‘actions; Parties to a suit in equity.

PERFORMANCE. The act of doing something; the thing done is also called a performance; as, Paul is exonerated from the obligation of his contract by its performance… 2. When a contract has been made by parol, which, under the statute of frauds and perjuries, could not be enforced, because it was not in writing, and the party seeking to avoid it, has received the whole or a part performance of such agreement, he cannot afterwards avoid it… and such part performance will enable the other party to prove it aliunde (from another place)…

PAROL. More properly parole. A French word, which means literally, word or speech. It is used to distinguish contracts which are made verbally or in writing not under seal, which are called parol… which are under seal which bear the name of deeds or specialties… It is proper to remark that when a contract is made under seal, and afterwards it is modified verbally, it becomes wholly a parol contract… 2. Pleadings are frequently denominated in the parol. In some instances the term parol is used to denote the entire pleadings in a cause as when in an action brought against an infant heir, on an obligation of his ancestors, he prays that the parol may demur, i. e., the pleadings may be stayed, till he shall attain full age… But a devisee cannot pray the parol to demur. 3. Parol evidence is evidence verbally delivered by a witness. As to the cases when such evidence will be received or rejected…

SEAL – OFFICE, English practice. The office at which certain judicial writs are sealed with the prerogative seal, and without which they are of no authority. The officer whose duty it is to seal such writs is called “sealer of writs;”

SEALING OF A VERDICT, practice. The putting a verdict in writing, and placing it in an envelop, which is sealed. To relieve jurors after they have agreed, it is not unusual for the counsel to agree that the jury shall seal their verdict, and then separate. When the court is again in session, the jury come in and give their verdict, in all respects as if it had not been sealed, and a juror may dissent from it, if since the sealing, he has honestly changed his mind.

By now, we should realize that this whole exchange is an attempt to exact (extort) money from people by government. The police officer is having you sign an informal bill (contract) requiring you to pay on account of the officer to the government court system, which in this case is the “third party”. The police man is an employee or officer of the government corporation, and is securing the bill as a title backed by yourself as surety to pay exaction (extortion money) to the government corporation (third party). If you don’t pay, you and your property (registered property with the State) are the collateral that will be collected or put in jail.

As a parol(e) contract, a ticket/citation (illegal summons) has no authority accept that which you give to it with your consent and signature. It is based on the presumption of law (prima facie law) and orated (without seal) by the officer of the government, and relies upon the consent of the governed (you) for its authority and jurisdiction.

A “ticket”, as an illegal summons to appear, is a contract signed by you to avoid being placed in jail (parole). If you do not sign the summons, you will be arrested. Under this threat, most people sign the ticket, just as they would give their wallet over to an armed robber who threatened to harm or kill them.

Thus, the summons is not lawful. It is an illegal contract based on coercion and fear.

Of course, most people just accept and consent to the authority and jurisdiction of the police officer due to their fear of that officer and to that of the illegitimate for-profit court system of the corporations called municipalities and their prisons. If they decide to take a stand against this ridiculous extortion and racketeering ring hilariously called “law enforcement”, they must then do as the illegal summons requires them to do under their forced signature, which is to make an appearance in court.

APPEARANCE, practice. Signifies the filing common or special bail to the action. 2. The appearance… should (in accordance with the ancient practice) purport to be in term time… yet, in fact, much of the business is now done, in periods of vacation (without appearing). 3. The appearance of the parties is no longer (as formerly) by the actual presence in court, either by themselves or their attorneys; but, it must be remembered, an appearance of this kind is still supposed, and exists in contemplation of law. The appearance is effected on the part of the defendant (when he is not arrested) by making certain formal entries in the proper office of the court, expressing his appearance… or, in case of arrest, it may be considered as effected by giving bail to the action. On the part of the plaintiff no formality expressive of appearance is observed.

The most important aspect of this term is the fact that it can be done through the certified mail using a notary public. In short, the notary is your court away from court. By responding (answering) via certified mail (certification show proof of receipt by the court) with a notarized letter (the notary makes the letter official by witness), the court must then consider that answer as a contract. It must answer that contract or be in violation of it. Thus, a time period (generally 21 days) for the answer of the court must be included within your letter, just as the original illegal summons allowed you a certain amount of time to pay for your fine or appear in court. Items requested should be things like the judges oath and affirmation to the united states of America (not the United States without America), a fee schedule showing the fees required by you to conduct commerce in that court, and demands for cause of action among other things.

This is your appearance and your answer to the illegal summons. And the last thing you want to do is to appear in a court, unless it is with a grand jury.

In a grand jury, the judge has no real authority over you, and the people of the grand jury decide the outcome of the case. Chances are, since the court system is a for-profit enterprise, the case will be dismissed long before it reaches an expensive and arduous grand jury process that must be paid for by the government. After all, they just wanted to exact you of the amount of the citation, and hope you will just be a good little slave and pay it via mail or online with a credit card. And with the judge and police officer participating in organized crime, the last thing they would want is to be indicted by a grand jury for coercion, racketeering, and illegal contracts created at gunpoint.

It is important to note here that when we show up to what is commonly referred to as “traffic court”, we are not really going to court at all. In fact, often times the presiding attorney over the traffic court is not even a true judge, but is just an administrative clerk assigned to arbitrate the proceedings. In order to actually make an appearance, the traffic court would have to schedule a hearing, which it does for those who are fooled into making a plea of “not guilty”. Of course, the only true answer to the question posed by the court as to your being guilty, not guilty, or no contest, is the word “innocent”.

INNOCENCE, The absence of guilt. 2. The law presumes in favor of innocence, even against another presumption of law…

Making a plea of “not guilty” is not synonymous with being innocent. In a municipal administrative traffic court (legal setting), you are presumed guilty. Only in law is one presumed innocent. This is why “traffic courts” are set up as the first place the people will appear. Traffic courts are like spider webs – they catch the 99% of the ignorant people who make an appearance there, and entrap them with a plea. Claiming innocence is not a plea. It is a demand.

CLAIM. A claim is a challenge of the ownership of a thing which a man has not in possession, and is wrongfully withheld by another…

The claim of the innocence of a man by that man cannot be withheld or challenged by the court.

However, the guilt of a man who claims his person (a corporation/thing) to be not guilty can be so held and presumed under contract created by the plea.

With the plea of “not guilty”, guilt is still assumed by the court under the contract (ticket) signed. After all, you signed the ticket – and this could be construed as an admission of guilt (though you had no choice and would be arrested if you didn’t sign). The plea itself is also a contractual agreement with the court, and the court will demand (legal obligation) action (recovery of what is due the court by contract) based on any plea. A plea of any type is not a demand, but is instead literally a process of begging of the courts forgiveness by answering the declaration (challenge) of the unlawful plaintiff (police officer of the court or government), as opposed to answering the court’s claim with your own demand for the cause of action through the notarized and certified mail, as talked about above.

PLEA, practice. The defendant’s answer by matter of fact, to the plaintiff’s declaration.

PLEA, chancery practice… A plea is a special answer to a bill, and differs in this from an answer in the common form, as it demands the judgment of the court in the first instance, whether the matter urged by it does not debar the plaintiff from his title to that answer which the bill requires… 2. Pleas are of three sorts: 1. To the jurisdiction of the court. 2. To the person of the plaintiff. 3. In bar of the plaintiff’s suit…

This process of making a plea takes place within the court, and binds the plea maker (defendant) to the court in contract. One should never make a plea, for this assigns the jurisdiction of the court to the case, and places the person under that jurisdiction.

In opposition to this, an answer may be created by the innocent man to the the courts (plaintiff’s) claim prior to the date of the summons, which may challenge the jurisdiction of the court and require a cause of action of the plaintiff. In most traffic citation cases, there is no cause of action, because the demand was created without the cause of action existing. So there is no official cause of action that dated prior to the illegal summons issued by the police officer (plaintiff), thus the demand (citation and summons) was not based on a legal action of that court – which would have created the summons in the first place. And so your notarized “answer” to the court listed on the “ticket” (illegal summons) through the certified mail is to demand the cause of action, for which the court cannot produce because the summons was created without an action by the court.

Thus, this paradox is not answerable by the court, and its jurisdiction is challenged successfully. Remember, in traffic code violation cases, a civil action is a legal demand of one’s right, or it is the form given by law for the recovery of that which is due.

There is no law that gives a corporate for-profit municipal traffic court the lawful ability to recover what is due to them under a contract (citation/illegal summons) that was created under duress and by force and coercion. If you pay the fee listed on a ticket, you are doing so under your own free will with consent (and ignorance of the law), and accepting the validity, pain, and punishment of the unlawful contract by paying the fee, so as to not have to appear physically in court. This is extortion, and you submit to it by payment or by appearing in traffic court, instead of standing on your natural, God-given rights against tyranny.

What does it mean to legally answer the court?

ANSWER, practice. The declaration of a fact by a witness after a question has been put asking for it…

ANSWER, pleading in equity. A defense in writing made by a defendant, to the charges contained in a bill or information, filed by the plaintiff against him in a court of equity… 2. As a defendant is called by a bill or information to make a discovery of the several charges it contains, he must do so, unless he is protected either by a demurrer, a plea, or disclaimer…

DISCOVERY, practice, pleading. The act of disclosing or revealing by a defendant, in his answer to a bill filed against him in a court of equity.

The answer is part of the discovery process in our case. It should be done by mail.

PLEADING, practice. The statement in a logical, and legal form, of the facts which constitute the plaintiff’s cause of action, or the defendant’s ground of defense; it is the formal mode of alleging that on the record, which would be the support, or the defense of the party in evidence… In a general sense, it is that which either party to a suit at law alleges for himself in a court, with respect to the subject-matter of the cause, and the mode in which it is carried on, including the demand which is made by the plaintiff; but in strictness, it is no more than setting forth those facts or arguments which show the justice or legal sufficiency of the plaintiff’s demand, and the defendant’s defense, without including the statement of the demand itself, which is contained in the declaration or count. Bac. Abr. Pleas and Pleading.

So what does it mean for a police officer to “serve” a process or a notice?

PROCESS, practice. So denominated because it proceeds or issues forth in order to bring the defendant into court, to answer the charge preferred against him, and signifies the writ or judicial means by which he is brought to answer… 3. In criminal cases that proceeding which is called a warrant, before the finding of the bill, is termed process when issued after the indictment has been found by the jury…

PROCESS, rights. The means or method of accomplishing a thing.

NOTICE. The information given of some act done, or the interpolation by which some act is required to be done. It also signifies, simply, knowledge; as A had notice that B was a slave… 2. Notices should always be in writing; they should state, in precise terms, their object, and be signed by the proper person, or his authorized agent, be dated, and addressed to the person to be affected by them.

In case you missed that, the “serve” part of “To Protect and Serve” is to deliver notices and to issue process (serve process) so as to give official notice to you that you are either required to pay a fine, fee, tax, or other exaction (extortion), or are required to appear in court via a warrent in criminal charges, or as a defendant in a civil case.

To “serve” does not mean to “help”.

It means to “force” or to “deliver”.

“Serving” is a legal term, not a lawful one. Cops are not required to help you or to protect you in any way, accept those which are required of the cop in serving legal documents in process, notice, or summons.

But let’s go back further into the roots of the word serve under feudal law:

SERVICE, feudal law. That duty which the tenant owes to his lord, by reason of his fee or estate. 2. The services, in respect of their quality, were either free or base, and in respect of their quantity and the time of exacting them, were either certain or uncertain. 2 Bl. Com. 62. 3. In the civil law by service is sometimes understood servitude. (q. v.)

SERVITUDE, civil law. A term which indicates the subjection of one person to another person, or of a person to a thing, or of a thing to a person, or of a thing to a thing… 4. The subjection of one person to another is a purely personal servitude; if it exists in the right of property which a person exercises over another, it is slavery. When the subjection of one person to another is not slavery, it consists simply in the right of requiring of another what he is bound to do, or not to do; this right arises from all kinds of contracts or quasi contracts. Lois des Bat. P. 1, c. 1, art. 1.

SERVITUS, civil law. A service or servitude; a burden imposed by law, or the agreement of parties upon certain persons, for the benefit of others; or upon one estate for the advantage of another, or for the benefit of another person than the owner.

SERVITUS. Servitude; slavery; a state of bondage. “Servitus autem, est constitutio,” say the Institutes of Justinian, 1, 3, 2, “qua quis dominio alieno contra naturam subjicitur.” Servitude is a disposition of the law of nations, by which, against common right, one man has been subjected to the dominion of another. See Bract. 4 b; Co. Litt. 116.

SUBJECTION. The obligation of one or more persons to act at the discretion, or according to the judgment and will of others.

SUBJECT, contracts. The thing (i.e. person) which is the object of an agreement…

SUBJECT, persons, government. An individual member of a nation, who is subject to the laws; this term is used in contradistinction to citizen, which is applied to the same individual when considering his political rights (not the same as natural rights – political rights are codified civil legal privileges granted via contract. Natural rights are God-given and above the laws of men.).

SLAVE. A man who is by law deprived of his liberty for life, and becomes the property of another. 2. A slave has no political rights, and generally has no civil rights. He can enter into no contract unless specially authorized by law; what he acquires generally, belongs to his master… 3. In Maryland, Missouri and Virginia slaves are declared by statute to be personal estate, or treated as such… In Kentucky, the rule is different, and they are considered real estate… In general a slave is considered a thing and not a person; but sometimes he is considered as a person; as when he commits a crime; for example, two white persons and a slave can commit a riot…

Remember, the 13th Amendment didn’t end slavery, it made all persons as equal slaves through conviction. This is what government calls equal rights!

Remember, the police are there to serve you process and notice and to protect your rights of punishment, pains, penalties, taxes, licenses, and exactions of every kind.

What more really needs to be said here?

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For more fun and understanding of our collective disposition within this government fraud per the legal definitions of the words that bind us, you may wish to explore my other essay, here:

https://realitybloger.wordpress.com/2012/07/04/why-the-supreme-court-claims-obamacare-is-constitutional/

Disclaimer: I am not an attorney. I am not offering legal advice. I am not practicing law. I will never act as or within any of these presumptions. Claims put forth otherwise will be met with a lawsuit for defamation of my character and slander… If you understand this, then you understand self-actualization and liberty.

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P.S. I turned 40 years old today. Happy berth-day to me…

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–Clint Richardson (realitybloger.wordpress.com)
–Wednesday, August 8th, 2012

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Posted by realitybloger on August 8, 2012

https://realitybloger.com/2012/08/08/to-protect-and-serve/

California Fools Californians Into Higher Taxes Again


With the help of the mainstream media and its rags, the California Public Employees Retirement System (CalPERS) is yet again using its over $233 in reported investment fund wealth to somehow claim it is in a deficit, despite having an investment return this fiscal year.

(Note here that the actual gross fund balances are generally many billions higher, and were reported as $245,848,527,000 in 2011, and $204,727,543,000 in the 2010 CAFR’s.)

USA Today put out the following story, which was of course originally printed from the false-news clearing house, Associated Press:

“SACRAMENTO, Calif. – The nation’s largest public pension fund collected a dismal 1% annual return on its investments, a figure far short of projections that will likely bring pressure on California’s state and local governments to contribute more money, officials said Monday.

The return reported by the California Public Employees’ Retirement System was well below its projected return of 7.5% for the fiscal year that ended June 30.

The investment returns are critical because taxpayers are on the hook for the difference if the pension funds fail to meet their performance targets.

“The last 12 months were a challenging period for all investors as the ongoing European debt crisis and slowing global economic growth increased market volatility and reduced equity returns,” said chief investment officer Joe Dear. “It’s a clear reminder that we must remain focused on performance, risk and internal controls in today’s financial environment.”

The fund was most impacted by a negative -7% return on global equities. Half the pension’s assets are in equities, Dear said.

The fund, known as CalPERS, runs a $234 billion pension system for more than 1.6 million state employees, school employees and local government workers…”

–=–

In this first three paragraphs we can see the entire scam played out in front of us, as told from a master story-teller who is trying to sell sunglasses to a blind man. But even a blind man should be able to read between the lines here…

So far, we have learned that the CalPERS Pension fund has earned a 1% increase in its investment portfolio, which for this year would have been over $2.2 billion dollar in gains on investments. Yes, that’s $2,200,000,000 when spelled out properly. And this is of course reported as bad news!

Why?

Simply because CalPERS did not reach its “projected” goal. It wished upon a star, and failed to reach that star. It did not lose value or money, it only failed to miss its desired gains. It still did fine, and has no problems whatsoever meeting its “obligations” to pensioners. In fact, if CalPERS liquidated all of its investments today at today’s market value it could easily pay future pension benefits for the next 15-20 years.

So what’s the problem?

That’s just it, there is no real or tangible problem. You see, governments across the country are crying broke or bankruptcy based on this type of situation – hiding assets with future liabilities, without reporting the future assets that will pay for those liabilities. With billions in assets, all of this hoopla is based on nothing more than throwing a temper tantrum because the CalPERS fund didn’t reach what it wanted to reach this year.

It’s true. Nothing bad has actually happened here, as we will see in a moment. But the government creates any excuse it can in order to collect higher taxes,  or to funnel as much taxpayer money into the pension system. Case in point: here the article states that “California State and local governments (will be forced to) contribute more money“. In other words, the government wishes to keep its investment wealth untouched instead of liquidating it to pay for pension obligations to its employees. And so it will raise taxes instead, as the article states here: “taxpayers are on the hook for the difference if the pension funds fail to meet their performance targets.” Remember, taxes fund government. So government contributions means taxpayer contributions, despite the fact that taxpayers receive absolutely no benefits from the pension system, only employees of the government receive pension benefits.

Now imagine if Target, Bank of America, General Electric, or any other corporation out there forced all people in America or in an individual State or local government to pay for its private employee’s pension fund costs. How would that make you feel? Well, that is how the pension fund system works, as this article tells you.

Note here as well that the so-called “loss” on the equity value of stock and investments does not represent a loss of the actual number of stocks or investments. Just because a stock goes down in value for a 1 year period, does not mean that it will stay down. The same amount of stock is still held, and that physical equity has not changed, only this years value.

For instance, the following capital gains for 2010 and 2011 fiscal years were stated by the CalPERS pension fund in its Comprehensive Annual Financial Report:

CalPERS (2011) – $41.1 billion gain in net assets after all benefits paid.

“CalPERS reports 20.7% investment return for fiscal year“

“The California Public Employees Retirement System (CalPERS) reported a 20.7 percent return on investments in preliminary estimates for the one-year period that ended June 30, 2011.

This is our best annual performance in 14 years, said Rob Feckner, CalPERS Board President. For the second straight fiscal year, the Pension Fund exceeded its long-term annualized earnings target of 7.75 percent.”

(Source –> http://www.opalesque.com/IndustryUpdates/1880/CalPERS_reports_investment_return_for_fiscal_year188.html)

CalPERS (2010) – 13.3 % increase with a $23.2 billion gain in net assets after all benefits paid.

“The California Public Employees’ Retirement System, the largest U.S. public pension, earned a 12.5 percent return in 2010, led by gains in private equity and U.S. stocks, Chief Investment Officer John Dear said.

The $228 billion pension fund earned 17.3 percent from domestic equity and 21.5 percent in alternative investments such as private equity, Dear said today. Its real-estate portfolio lost 5 percent while its fixed-income investments gained 12 percent“.”

(Source –>http://www.bloomberg.com/news/2011-01-20/calpers-earned-12-5-return-in-2010-chief-investment-officer-dear-says.html)

–=–

Also, in 2009 fiscal year, as with all fiscal years, the Comprehensive Annual Financial Report show the following contributions from employees and separately from taxpayers (government).

Employees: $4,154,388,000

Taxpayers: $7,605,532,000

And here is a USA Today article with the headline:

“Calpers posts 16.7% gain for fiscal year“

SAN FRANCISCO (Reuters) — Calpers, the biggest U.S. pension fund, earned a 16.7% return on its investments in its fiscal year ended June 30, (2004) best returns in six years, the fund said Tuesday.

(Source –>http://www.usatoday.com/money/markets/us/2004-08-10-calpers-portfolio_x.htm)

And in 1998, CalPERS reported a record 19.5% gain in its investment portfolio. Yipee!

So the question you might be asking yourself is… Why don’t the taxpayers get a refund of all of that money they are putting into the pension system when there is a good year, when we have to be “on the hook” to support the fund with more taxpayer money in a bad year?  Not that this was really a bad year, mind you.

–=–

Notice here that I am not mentioning 2008 in this list, and instead giving the reader the impression that CalPERS has gained every year in its portfolio. That is what the news does, you see, but not me. In 2008, Calpers lost a butt-load of asset value to the tune of $58.8 billion due to the financial crash of that time. This was big news of course.

The point here is that a portfolio such as this is designed to acquire as many assets as possible, knowing in advance that those assets will go up and down in the short term, but is designed for the long term. A slow year or a loss is expected every once in a while, of course, and events happen and the economy goes bad and the strengthens again. This is an established reality that any long term investor will tell you.

So let’s here what CalPERS itself says about this years portfolio:

Press Release
July 16, 2012
External Affairs Branch

CalPERS Reports Preliminary 2011-12 Fiscal Year Performance of 1 Percent

Real estate portfolio earns nearly 16 percent exceeding benchmark

SACRAMENTO, CA – The California Public Employees’ Retirement System (CalPERS) today reported a 1 percent return on investments for the 12 months that ended June 30, 2012, falling short of its benchmark that returned 1.7 percent. CalPERS assets at the end of the fiscal year stood at more than $233 billion.

The small gain – despite continued volatility in world markets and economies – was helped by improved performance of CalPERS real estate investments. Investments in income-generating properties like office, industrial and retail assets returned approximately 15.9 percent, outperforming the pension fund’s real estate benchmark by more than 3 percent.

CalPERS performance was negatively impacted by significant allocations to U.S. and international public equities.

“The last twelve months were a challenging period for all investors as the ongoing European debt crisis and slowing global economic growth increased market volatility and reduced equity returns,” said Joe Dear, CalPERS Chief Investment Officer. “It’s a clear reminder that we must remain focused on performance, risk and internal controls in today’s financial environment.”

CalPERS 1 percent return is below the fund’s discount rate of 7.5 percent, a long-term hurdle lowered recently in response to a steady decline in inflation and as part of CalPERS routine evaluation of economic assumptions. CalPERS 20-year investment return is 7.7 percent.

“It’s important to remember that CalPERS is a long-term investor and one year of performance should not be interpreted as a signal about our ability to achieve our investment goals over the long-term,” said Henry Jones, Chair of CalPERS Investment Committee…

Returns for real estate, private equity and some components of the inflation assets reflect market values through March 31, 2012 (not June 30, 2012). Final performance including the last quarter of the fiscal year will be available after asset valuations are completed.

Investment returns are based on compounded daily earnings over the year, including continuing member contributions and benefit payments, and do not precisely correspond to one-year changes in CalPERS overall portfolio market value.

(Source –> http://www.calpers.ca.gov/index.jsp?bc=/about/press/pr-2012/july/preliminary-returns.xml

–=–

In another listed report, the CalPERS system shows that “CalPERS Outperformed Its 7.5 Percent Target 13 out of the Last 20 Fiscal Years (FY 1992/93 – FY 2011/12).

–=–

So what does this all mean?

Remember, this reported bad thing of an over $2 billion gain in net assets for the fiscal year is being reported after all benefits have been paid out to the employees of this pension fund. And so there is no loss at all for the year, and this gain is all profit for the fund.

Also notice that for the last 20 years, this fund has attained an above average return on investments, 7.7% compared to the desired 7.5%. This is the wonderful aspect of the CAFR – it allows you to see previous cycles so as to not be fooled by media sound bites. Here, CalPER’s confirms the data in the financial statements that prove that this fund is wealthy beyond even the stated CalPER’s long term goals.

Simply put, this whole media frenzy was a false flag scare tactic – utilizing incomplete information for the CalPERS fiscal year report as stated by CalPERS to pre-program the people of California to accept unnecessary and unneeded increases in taxation, and all for a pension fund that will benefit the taxpayers in no way whatsoever.

We will not know the true statement of CalPERS financial situation until the Comprehensive Annual Financial Report (CAFR) is released for fiscal year 2011-2012, sometime in the next couple of months.

The problem is, most taxpayers have never heard of the CAFR, and place blind trust in their government and their media when they report such ridiculously contradiction data-sets as we have seen here from the Associated Press. And as government forces taxpayers to contribute taxpayer money into the public pension systems of the Federal, State, County, municipality, and district funds on an involuntary basis every year, the taxpayer base looses over $900 billion into the either of public pension black hole each year. This is to say nothing of what the employees of government are also forced to contribute.

If Walmart or Haliburton corporations required taxpayers to fund their pensions at no benefit to the taxpayers in any way, there would be riots in the street tomorrow.

And if they tried to get away with trying to convince the people (or for that matter the IRS) that their over $2 billion dollar gain in investments was somehow a bad thing or was somehow a loss requiring more taxpayer infusions into the Walmart or Haliburton corporate structure, there would be attorneys, accountants, CEO’s, and Board members hanging from the nearest tree…

What gives America?

.

–Clint Richardson (realitybloger.wordpress.com)
–Saturday, July 21, 2012

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Posted by realitybloger on July 21, 2012

https://realitybloger.com/2012/07/21/california-fools-californians-into-higher-taxes-again/

Dear Latino Voters… Don’t Be Stupid Americans!


In the March 12, 2012 issue of Time Magazine, the following article was published in the “conversation” section on page 2:

“Is this the group that’s really going to pick the next president?”

“CNN’s Soledad O’brien sounded a bit skeptical when she questioned Michael Scherer about his March 5 cover story, “Why Latino Voters Will Swing The 2012 Election”. But MSNBC’s Melissa Harris-Perry had no such doubts: “I imagine [GOP candidates] will be digging into their Spanish-language dictionaries when the get a glance at this week’s TIME. “The cover was widely discussed among Latino bloggers and social media users, some of whom were disappointed that it did not feature any Afro-Latinos, but most of whom saluted TIME for its first cover line in Spanish, Yo Decido…“

First of all, my Spanish friends, you must understand that even if every last one of you voted for president of the United States in the 2012 election this year, absolutely none of your votes would count.

That’s right… in the United States, we have an indirect election for president. According to the Constitution of the United States and its several Amendments, the president of the United States is elected by 538 people each election sometime in January.

There are 438 National congressmen in the House of Representatives, and 100 United States Senators in Congress. These are the people you actually get to vote for – the people who make the rules and Amend the Constitution. And the Constitution states that these men and women each receive 1 vote for president, which is delegated to an “elector”. These electors are then appointed by the political parties and the president of the United States is chosen by a vote of these 538 electors.

A list of these electors for 2008 – the 538 people who actually elected President Barack Obama for president – can be found here:

LINK–> http://en.wikipedia.org/wiki/List_of_United_States_presidential_electors,_2008

So, the answer to the question posed in the question above can be answered two ways…

Will Latino’s pick the next president?

Answer #1 – NO! – The popular vote doesn’t count towards the election of the president. The president is not elected by the people, and the color of peoples skin at the voting poles makes absolutely no difference to who gets elected president.

Answer #2 – MAYBE… The popular vote is called popular for a reason. It relies on the fact that most Latino, White, Black, and every color in between does not understand the election process of the electoral college. In other words, it relies on a big colorful bunch of stupid Americans! In short, the popular vote is a popularity contest; a beauty pageant for ugly old men. It means nothing accept in the fact that the vast majority of colorful Americans voted for their favorite American idol without realizing that their votes – as in Hollywood – are just for show, and that the 538 electors do the actual voting on behalf of each State. But if the Latino voters woke up to this open secret and organized crime, and realized that the Republican and Democratic Political parties have been responsible for appointing these electors for so many decades, then maybe, just maybe, this chain could be broken. The combined Latino vote could only make a difference if, as a group, you vote outside of the two-party system, which would ensure that the electors of president would not be loyal to the political parties, but to all the people of America regardless of their skin color. In this way, the Latino vote could actually change the world.

But even with the possibility of this happening, your leaders are dependent upon this system as well. They might even try to sell you a story that, as a white man, I am the devil, and shouldn’t be trusted. Of course, the black leaders might be telling their people the same thing about you. And the white leaders will no doubt be using you and the Chinese as the excuse for their participation in the legal, organized crime we call politics.

So don’t be stupid American’s like us this year… vote for a non-party candidate. Vot for your mother or father. Vote for a nun. Vote for anybody that has the people at heart. But do not vote as sheep for the latest wolf in sheep’s clothing.

Or, you could collectively send a real message to Washington D.C, by not playing the election fraud game at all. Make 2012 the first year that the people of America tell our government that we want a real election like Russia – a direct election of a non-party president of the people by the people of America.

.

–Clint Richardson (realitybloger.wordpress.com)(Clint4p.com)
–Wednesday, July 18, 2012

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Posted by realitybloger on July 18, 2012

https://realitybloger.com/2012/07/18/dear-latino-voters-dont-be-stupid-americans/

CAFR SCHOOL: How Corporations Are Funded By Taxpayers


As a lowly young man full of ideas that would have changed the world; and naively believing that I could implement them, I often wondered at how large corporations became so wealthy and attained such incredible amounts of capital for their projects, warehouses, office buildings, investments, and for their global expansion. Why were the tallest buildings in every city I visited always topped with a bank logo? Why were the names of every city’s sports arenas and concert halls being replaced with oil/energy and other corporation names and logos, even though the taxpayers paid for their construction? And after many failed attempts to start up my own small business ventures that would revolutionize the world, I gave up trying to play in the big boy markets, because I couldn’t get my hands on the big boy money. I realized that some unseen hand would not allow me to compete, though I could never figure out just whose hand it was. And so I gave up… justifying and rationalizing my failures on this unseen force that I knew existed but could never actually see…

And then I met a man named Walter Burien.

It is not often in our lives that we come across one man who virtually lifts the wool from over our own eyes, but this was one of those times. It was not so much what he showed me as much as what he inspired me to do. And thanks to him, I was hooked on a little thing called the Comprehensive Annual Financial Report (CAFR).

For months and months I poured over these financial statements for the various types of government municipal corporations, attempting to comprehend the almost foreign creative accounting language and legalese that was presented within – which was sure to drive off even the most ardent of researchers. But for some reason, as frustrating as that learning curve was, I persisted. And finally, after so many years of being blinded by that unseen hand, I can at last see my nemesis…

As it turns out, this foe was the very government structure that had passed the legislation limiting me in my business ventures. It is the same government corporate structure that assigns patents to the major corporations, while making the patenting process either too expensive or too difficult for the average person or small business to utilize. It was the same government corporation that made it so hard to incorporate in the first place, and which created so many fees, taxes, and restrictions that a small business could never really get ahead. And it is the same government that literally owns everything you can see – that has invested over many decades into all private and public corporations, real estate, foreign currencies, precious metals, and everything else worth owning under the sun and around the world.

No wonder the average Joe can’t get ahead!

I have been asked several times to explain how banks, weapons manufacturers, insurance companies, investment holdings companies, health and pharmaceutical corporations, and essentially the entire corporate business structure of the world is funded – why do private corporations have so much extra money to expand, to buy other corporations, and to just in general play around with? How do banks come up with the capital to mortgage the entirety of the salable lands of the world? And where does that money come from in the first place?

As it turns out, the people of the United States are paying for this through their own sheer ignorance of where their own taxpayer money is being taken and invested. And this of all ironies is the most destructive reality for the very people who lack the knowledge of their own governments’ grand conspiracy through its investment fund scheme.

And today, I’m here to wake you the hell up!

–=–

The Problem With Pensioners

–=–

As a public pensioner, what would you do if I told you that, indirectly, you are responsible for most of the problems in the world, from hunger to depression to war?

What would you do if I told you that each one of you as pensioners are voluntarily invested in all of the corporations that are destroying our health, our prosperity, and our world?

What would you do if you found out that because of each one of you collectively, the worst of corporations are being funded with taxpayer money?

How would you feel if you were heavily responsible for the funding of globalization; for building up Mexico and China’s sweatshops and promoting imports to America – and for the loss of jobs in America – simply because you are not paying attention – or don’t know – or don’t care – about what your “retirement nest-egg” is investing in, as long as you’re taken care of in the end?

What would you do if you found out that your pension contributions went to fund the corporate stocks and bonds that are used to build the weapons, the chemical biological agents, and the depleted uranium armaments that are killing and retarding millions upon millions of men, women, and children around the globe, including in America?

What if you finally comprehended that the national and international banks, oil and pharmaceutical companies are all funded by your “contributions”, and that all of the taxpayer’s in America are also forced through taxation to contribute to your pension fund investment scheme (with no benefit to the taxpayers themselves), knowing that the U.S. occupations of the Arab nations like Afghanistan and Iraq are for the government’s and the corporation’s control of oil and opium, and that these beautiful countries and their infrastructures are decimated just so that corporations like Halliburton can rebuild those infrastructures via no-bid government contracts while being forced into debt by the very government you fund?

How would it feel to know that the entirety of the government-contracted corporations that make up the “Military-Industrial Complex” are all funded by our collective pension fund contributions?

What would you do?

Is your nest-egg; your pension retirement benefits… are they really more valuable than the millions and millions of lives lost around the world at the hands of the corporations that your collective monetary contributions support via these government investment pension pools?

If you are a taxpayer or a pensioner (and that’s about anyone who is reading this), then you are absolutely and collectively 100% responsible for all of the above – simply because you don’t know.

–=–

Where Are My Pension Contributions Invested?

–=–

This oh so important question is one that is not generally asked by the recipients of pension benefits. To most, the answer to this question does not matter, as long as there is a return on that investment today that will guarantee personal retirement benefits tomorrow. And this is perhaps the most egregious and shameful aspect of the entire population of America – of all people. For your wealth and the benefits that you receive are directly correlated to the poverty and destruction that allows corporations and government to prosper. In short, as a pensioner, you are being paid for looking the other way.

As a taxpayer, you should know that many 100’s of billions of dollars are ripped out of the tax-base each year and force fed into the nation-wide pension system (including Social Security) in the form of “on-behalf” taxpayer “contributions” for federal, state, local, and district pension employees. This world-wide phenomenon has created an international pension investment system that, in January 2008, Morgan Stanley estimated held over US $20 trillion in assets, and are collectively the largest investment platform in the world. Others with a less personal and unbiased interest in these pension funds make this estimate to be many trillions higher.

We have all heard about Morgan Stanley, as well as many other major conglomerate banking institutions like J P Morgan Chase. They have been demonized as rogue institutions that are destroying the economy seemingly outside of the law or of government intervention – aside from bailing them out with taxpayer money when their gambling habits take a wrong turn (publicly and purposefully that is, because for every loss there is an equal gain by some other entity collaboratively playing the same game).

So let’s examine some of the United States’ Pension investments that are funding the capital liquidity and crime of institutions like Morgan Stanley…

We’ll use the largest public pension fund in the United States, CalPERS.

For those who have never before had the chance to behold the incredibly inconceivable wealth and investments that most pension funds have within, this is a wonderful tool to get a grasp on just how the international structure of corporations that make up the “economy” get their funding. Here is the “Annual Investment Report” for fiscal year 2011, which shows all of CalPERS individual investments:

Link–> http://www.calpers.ca.gov/eip-docs/about/pubs/annual-investment-report-2011.pdf

One could spend all day going through this investment holdings report and find just about every corporation in the world as a government investment stock-held company. But remember, this is just one of thousands of pension funds across the country, all with the same investment structure on different levels.

So let’s look and see just how much of your taxpayer and pension contributions in just CalPERS are funding just these two banks as of 2011:

———————————————————————————————

CalPERS just happens to own 4,583,935 shares of Morgan Stanley, at a listed book value of $98,224,686 – and a market value of $105,476,344.

It also lists its direct stock ownership in JP Morgan Chase at 11,543,471 shares, with a book value of $292,151,725 – and a market value of $472,589,703.

TOTAL (book value) = $390,376,411
TOTAL (market value) = $578,066,047

(Note: These are two separate companies, used here as examples.)

———————————————————————————————

This represents the ownership portion of stock that this single government pension fund “CalPERS” owns outright in these two banks. The conflict of interest should be apparent here, as this and all pension funds around the world depend upon a return (profits and dividends) from holding this stock investment, while at the same time being a part of the same government that regulates the banking industry. One does not necessarily want a major stock owner of a banking corporation also making the public laws, for instance, on real estate loans and the foreclosure process. But that is exactly what is happening here.

But we can’t stop here, for this is a massive list with many different types of investments into Morgan Stanley and JP Morgan Chase (as well as every significant bank on the planet). CalPERS also lists the following forms of taxpayer monies being given, loaned, or “bonded” to Morgan Stanley:

———————————————————————————————

(Page 4) “Domestic Cash Equivalents (securities)”

COLLATERL JP MORGAN CHASE – par/market value – $39,800,000 – listed at a measly 0.07% return, maturing 12/31/1949

MORGAN STANLEY REPO – par/market value – $66,500,000 – listed at a measly 0.04% return, maturing 12/31/1949

TOTAL (par/market value) = $106,300,000

———————————————————————————————

(Page 6-7) “Asset-Backed Securities”

CHASE ISSUANCE TRUST – par value – $1,865,000,000 – market value – $1,887,438,748 – 1.74% return, maturing 04/15/2014

JP MORGAN MORTGAGE ACQUISITION – par value – $7,150,000 – market value – $2,532,394 – 1.32% return, maturing 01/25/2037.

JP MORGAN MORTGAGE ACQUISITION – par value – $27,936 – market value – $8,166 – 0.91% return, maturing 08/25/2036.

MORGAN STANLEY CAPITAL INC – par value $95,008 – market value – $77,319 – 0.88% return, maturing 09/25/2034

MORGAN STANLEY CAPITAL INC – par value $2,660,000– market value – $1,866,197 – 0.69% return, maturing 12/25/2035

MORGAN STANLEY CAPITAL INC  – par value $2,921,764– market value – $2,537,286 – 0.58% return, maturing 11/25/2035

MORGAN STANLEY DEAN WITTER CAP – par value $292,899– market value – $111,961 – 8.53% return, maturing 11/25/2032

TOTAL (par value) = $1,878,147,607
TOTAL (market value) = $1,894,572,071

.

(Note that CalPERS gave these “loans” to Morgan Stanley, getting a horrible return on its investment, often less than 1% – and not getting that money paid back until as long as 2037 and beyond. This leaves Morgan Stanley and JP Morgan Chase to use and invest that money for more than 25 years for future massive profits and expansion. And if these banks lose it? No problem. The taxpayers are always there to bail them out! And your credit card from these same banks, which may be using some of this same CalPERS pension fund investment money to loan back to you via your credit card, personal, or mortgage loan, may have an interest rate as high as 24%!!!)

———————————————————————————————

(Page 14) “Corporate Bonds”

JPMC CAPITAL XVIII – par value $5,760,000 – market value – $5,740,348 – 6.95% return, maturing 08/01/2066

JPMORGAN CHASE & CO – par value $96,000,000 – market value – $103,112,640 – 7.90% return, maturing 04/29/2049

JPMORGAN CHASE + CO – par value $1,600,000 – market value – $1,656,316 – 4.95% return, maturing 03/25/2020

JPMORGAN CHASE CAPT XX – par value $ 8,765,760 – market value – $8,734,555 – 6.55% returnmaturing 09/15/2066

MORGAN STANLEY – par value $56,640,000 – market value – $62,164,863  – 6.63% return, maturing 04/01/2018

MORGAN STANLEY – par value $45,120,000 – market value – $48,356,731 – 5.95% return, maturing 12/28/2017

MORGAN STANLEY – par value $48,000,000 – market value – $49,159,823 – 5.63% return, maturing 09/23/2019

MORGAN STANLEY – par value $870,000 – market value – $906,554 – 4.75% return, maturing 04/01/2014

MORGAN STANLEY – par value $2,870,000 – market value – $2,798,066 – 0.59% return, maturing 01/09/2014

MORGAN STANLEY DEAN WITTER – par value $1,130,000 – market value – $1,180,195 – 6.60% return, maturing 04/01/2012

TOTAL (par value) = $266,755,760
TOTAL (market value) = $283,810,091

———————————————————————————————

(Page 51-52) “Mortgage-Backed Securities”

JP MORGAN CHASE COMMERCIAL MOR – par value $308,972,643 – market value – $3,256,324 – 0.35% return, maturing 01/15/2042

JP MORGAN CHASE COMMERCIAL MOR – par value $32,928,000 – market value – $36,647,187 – 6.07% return, maturing 04/15/2045

JP MORGAN CHASE COMMERCIAL MOR – par value $70,560,000 – market value – $77,115,803 – 5.88% return, maturing 02/15/2051

JP MORGAN CHASE COMMERCIAL MOR – par value $274,891,936 – market value – $295,478,211 – 5.44% return, maturing 06/12/2047

JP MORGAN CHASE COMMERCIAL MOR – par value $18,816,000 – market value – $20,331,229 – 5.42% return, maturing 01/15/2049

JP MORGAN CHASE COMMERCIAL MOR – par value $1,085,000 – market value – $1,156,473 – 5.34% return, maturing 05/15/2047

JP MORGAN CHASE COMMERCIAL MOR – par value $1,700,000 – market value – $1,849,798 – 5.43% return, maturing 12/12/2043

JP MORGAN CHASE COMMERCIAL MOR – par value $30,209,893 – market value – $552,778 – 1.40% return, maturing 10/12/2037

JP MORGAN CHASE COMMERCIAL MOR – par value $109,863,895 – market value – $339,216 – 0.94% return, maturing 11/15/2035

JP MORGAN CHASE COMMERCIAL MOR – par value $25,783,365 – market value – $159,792 – 1.17% return, maturing 10/12/2035

JP MORGAN MORTGAGE TRUST – par value $858,671 – market value – $838,576 5.78% return, maturing – 04/25/2036

JP MORGAN MORTGAGE TRUST – par value $308,554 – market value – $260,083 – 2.77% return, maturing 07/25/2035

JP MORGAN MORTGAGE TRUST – par value $1,459,122 – market value – $1,304,019 – 2.78% return, maturing 06/25/2036

JP MORGAN MORTGAGE TRUST – par value $68,035 – market value – $66,727 – 2.96% return, maturing  11/25/2033

MORGAN STANLEY CAPITAL I – par value $98,784,000 – market value – $7,262,168 – 1.37% return, maturing 06/15/2044

MORGAN STANLEY CAPITAL I – par value $1,700,000 – market value – $1,789,567 – 5.57% return, maturing 12/15/2044

MORGAN STANLEY CAPITAL I – par value $47,040,000 – market value – $50,482,724 – 5.33% return, maturing 11/12/2041

MORGAN STANLEY MORTGAGE LOAN T – par value $670,407 – market value – $156,964 – 3.00% return, maturing 08/25/2034

MORGAN STANLEY MORTGAGE LOAN T – par value $561,385 – market value – $141,127 – 2.90% return, maturing 09/25/2034

MORGAN STANLEY MORTGAGE LOAN T – par value $1,307,796 – market value – $565,047 – 4.32% return, maturing 06/25/2037

MORGAN STANLEY MORTGAGE LOAN T – par value $4,008,030 – market value – $2,456,630 – 5.14% return, maturing 11/25/2037

MORGAN STANLEY MORTGAGE LOAN T – par value $18,201 – market value – $18,087 – 6.00% return, maturing 08/25/2037

MORGAN STANLEY MORTGAGE LOAN T – par value $1,712,350 – market value – $1,222,467 – 2.61% return, maturing 07/25/2035

MORGAN STANLEY MORTGAGE LOAN T – par value $364,015 – market value – $305,840 – 1.60% return, maturing 10/25/2034

TOTAL (par value) = $1,033,671,298
TOTAL (market value) = $958,096,837

(Yes, you read that correctly. You’ve heard about these mortgage-backed securities and you’ve probably wondered – who was buying all of these things anyway? Well now you know… your own government – with your own money! Your government not only allows these criminal junk securities to be legal and flourish in the banking and investment markets by law, but government also funds the whole financial mechanism so that banks can buy, sell, and resell and re-resell and re-re-resell and re-re-re-resell your mortgage contract until no one actually knows who has the original lien and deed on anyone’s home anymore. Again, government invests in corporations and funds their liquidity… and it benefits from your suffering and from the loss of your home when the bank forecloses. All that matters is that their stock investment and liquidity in the company has capital gains, creates interest, and pays dividends. And your personal ignorance of this is key to the whole operation.)

———————————————————————————————

(Page 57) “International Debt Securities”

MORGAN STANLEY – par value $4,000,000 –
market value – $5,417,906 – 1.71% return, maturing 04/13/2016

TOTAL (par value) = $4,000,000
TOTAL (market value) = $5,417,906

———————————————————————————————

So let’s total up these investments and loans and figure out just how much this one pension fund called CalPERS has invested into just these two conglomerate banks:

Direct Ownership Stock Holdings:

TOTAL (book value) = $390,376,411
TOTAL (market value) = $578,066,047

Domestic Cash Equivalents (securities)

TOTAL (par/market value) = $106,300,000

Asset-Backed Securities

TOTAL (par value) = $1,878,147,607
TOTAL (market value) = $1,894,572,071

Corporate Bonds

TOTAL (par value) = $266,755,760
TOTAL (market value) = $283,810,091

Mortgage-Backed Securities

TOTAL (par value) = $1,033,671,298
TOTAL (market value) = $958,096,837

International Debt Securities

TOTAL (par value) = $4,000,000
TOTAL (market value) = $5,417,906

——————————————————————–

TOTAL (par value) = $3,679,251,076
TOTAL (market value) = $3,826,262,952

——————————————————————–

It is important to understand here that this single pension fund has nearly $4 billion in directly apportioned investments within just these two banks. In reviewing thousands of other public pension fund “asset holding lists” we will find a similar pattern, from billions to millions and down into the smallest of pension funds with mere thousands. But collectively, when all of these funds are considered as one whole government investment scheme, we can easily see that the corporate world as it stands today would not exist without government funding through taxpayer and pension contributions to it, and directly because of these pension investments over the last several decades.

It is also important that we consider what are called “indirect” investments held by these pension funds. While direct stock and bond listings are very clear as to where that taxpayer money is invested, CalPERS (and all pension funds) also invest heavily into the private equity and mutual fund markets. In fact, as you can see, the pension and other government fund structures across the country are the main investors (institutional investors) within these private funds.

The problem? Those funds also invest into JP Morgan Chase, Morgan Stanley, and most other banks and investment houses. And so to get an accurate accounting of the % of investments that CalPERS actually has within these two financial institutions, we would have to audit its own investments in these private funds to find out where that private fund has placed CalPER’s investment income – and good luck with that!

Let’s see what CalPERS has in a few of these private equity funds…

——————————————————————–

State Street Corporation:

STATE STREET CORP – 1,777,017 shares of ownership stock at a market value of $80,125,697

“Corporate Bonds”

STATE STR CAP TR III  – par value $6,200,000 –
market value – $6,202,728 – 5.24% return, maturing 01/29/2049

——————————————————————–

Why is State Street Corporation important here?

From this CalPER’s report, it states:

“Our Investment Office staff, pension consultant Wilshire Associates, and State Street Bank & Trust, our master custodian, compiled the investment data presented on the next pages as required by the Public Employees’ Retirement Law.”

So CalPER’s pension fund owns stock in the banking institution that is its “master custodian”, and this bank is responsible for issuing the very report we are reading!!! Yet another blatant conflict of interest, in a bank that is not in a position to go against its stockholder without consequence!

Now let’s look at the Carlyle Group…

This investment giant is infamously connected to the George Bush family, who became president of the whole corporate government structure (not to mention his son), and as you can imagine continues to indirectly benefit heavily from government investments into this “group” – where he and his cronies acquire corporation after corporation with your taxpayer money…

Just what is The Carlyle Group?

“The Carlyle Group is an American-based global asset management firm, specializing in private equity, based in Washington D.C. The Carlyle Group operates in four business areas: corporate private equity, real assets, market strategies, and fund-of-funds, through its AlpInvest subsidiary. In its 2010 annual report, Carlyle reported assets in excess of $150 billion under management diversified over 84 distinct funds.The firm employs more than 890 employees, including 495 investment professionals, in 20 countries with offices in the Americas, Europe, Asia, and Australia, and its portfolio companies employ more than 415,000 people worldwide. The firm has over 1,300 investment partners in 71 countries.

According to a 2011 ranking called the PEI 300 based on capital raised over the last five years, Carlyle was ranked as the third largest  private equity firm in the world, after TGP Capital and Goldman Sachs Principal Investment Area. Carlyle had been ranked first in the 2007 listing.

In 2001, the California Public Employees’ Retirement System (CalPERS) acquired a 5.5% holding in Carlyle’s management company for $175 million. The investment was valued at approximately $1 billion by 2007 at the height of the 2000’s buyout boom…

In November 2008, The Carlyle Group was named Private Equity firm of the year in the U.S. at the Financial Times-Mergermarket 2008 M&A Awards.

In March of 2009, New York State and federal authorities began an investigation into payments made by Carlyle and Riverstone to placement agents allegedly made in exchange for investments from the New York State Common Retirement System (NYSCRS), the state’s pension fund. It was alleged that these payments were in fact bribes or kickbacks, made to pension officials who have been under investigation by New York State Attorney General, Andrew Cuomo. In May of 2009, Carlyle agreed to pay $20 million in a settlement with Cuomo and accepted changes to its fund-raising practices. (Author’s note: Where did that money go, and what was the point – Carlyle Group certainly didn’t change its criminal methods. How did the people benefit? They didn’t.)

In 2010, the Financial Times announced that Carlyle Group is the private equity firm of the year…

In February 2008, a bill was introduced in California that would have barred CalPERS from investing money “with private-equity firms that are partly owned by countries with poor records on human rights,” which would include Carlyle because Mubadala Development is owned by part of the United Arab Emirates. The California bill was later withdrawn.”

George H. W. Bush, former U.S. President, served as Senior Adviser to the Carlyle Asia Advisory Board from April 1998 to October 2003 (while his son was still President!).

So what investments into the bonded liquidity base of the Carlyle Group does CalPERS have on its balance sheets, allowing Carlyle holding companies around the world to flourish with taxpayer investment capital?

——————————————————————–

The Carlyle Group

“Alternative Investment Management Corporate Restructuring (securities)“

Name of holding company…..
Book Value……….Market Value

CARLYLE…………………………………………………
$22,892,350…………$55,040,942

CARLYLE ASIA PARTNERS GP II……………..
$123,783,417…………$127,894,756

CARLYLE ASIA PARTNERS III…………………
$140,997,939…………$149,682,813

CARLYLE ASIA PARTNERS LP…………………
$33,716,341……………$72,661,556

CARLYLE EUROPE PARTNERS II…………….
$33,781,818…………..$49,114,244

CARLYLE EUROPE PARTNERS III LP………
$275,068,958………..$269,585,374

CARLYLE GLB FIN SERV PARTNERS……….
$98,610,047………….$112,930,518

CARLYLE JAPAN INTL PARTNERS II……….
$111,350,716………….$101,874,064

CARLYLE JAPAN PARTNERS LP………………
$17,898,023………….$8,194,635

CARLYLE MANOR CARE………………………….
$13,128,107…………..$16,645,859

CARLYLE MEXICO PARTNERS………………..
$11,603,147……………$12,604,035

CARLYLE PARTNERS II LP………………………
$3 ,803,945…………..$7 ,150,317

CARLYLE PARTNERS III LP…………………….
$39,530,330…………..$20,698,248

CARLYLE PARTNERS IV, L.P……………………
$225,810,782…………$288,443,791

CARLYLE PARTNERS KINDER MORGAN…
$29,477,075…………..$68,215,645

CARLYLE PARTNERS V……………………………
$451,370,251………….$528,018,454

CARLYLE/RIVER RENE+ALT ENGY II …….
$140,853,360…………$163,748,816

CARLYLE/RIVERSTONE GLB E+P IV……….
$309,206,623………..$444,256,236

CARLYLE/RIVERSTONE GLOBAL……………
$195,614,177…………..$299,501,436

 “Alternative Investment Management Distressed Securities”

CARLYLE STRATEGIC PARTNERS…………..
$23,175,881…………….$34,972,657

CARLYLE STRATEGIC PARTNERS II ………
$58,002,997……………$79,704,250

CARLYLE/CALPERS CLO………………………..
$99,669…………………..$1,443,533

 “Alternative Investment Management Expansion Capital”

CARLYLE ASIA GROWTH PRTNRS IV……..
$40,863,278……………$48,175,768

CARLYLE ASIA GROWTH PRTNS III……….
$67,338,852…………….$67,445,066

CARLYLE GROUP……………………………………
$175,000,000………….$436,100,000

CARLYLE RIVERSTONE BRAZIL……………..
$17,362,588…………….$2,462,850

CARLYLE VENTURE PARTNERS III…………
$56,071,943…………….$64,646,861

CARLYLE/RIVERSTONEENERGYFDI,LP…
$54,262,246…………….$27,063,846

“Alternative Investment Management Special Situation”

CARLYLE EUROPE REALTY PARTNERS….
$11,107,976………………$7,178,856

CARLYLE REALTY III LP…………………………
$13,542,519………………$15,689,426

“Alternative Investment Management Venture Capital”

CARLYLE ASIA II LP……………………………….
$21,797,371……………….$2,737,812

CARLYLE EUROPE TECH PTNRS II………..
$57,274,489………………$50,288,690

CARLYLE VENTURE PRTNRS II LP…………
$40,025,303……………..$13,678,335

“Inflationary-Linked Assets”

CARLYLE INFRASTRUCTURE PARTNER..
$5,911,590…………………$51,033,705

——————————————————————————————————

TOTAL  BOOK VALUE OF INVESTMENTS IN
“CARLYLE GROUP” COMPANIES: $2,920,334,108

TOTAL MARKET VALUE OF INVESTMENTS IN
“CARLYLE GROUP” COMPANIES: $3,698,892,394

——————————————————————————————————

But we mustn’t forget about the subsidiary corporations owned by Carlyle Group, for these pension funds also purchase stock in these sub-corporations as well as their mother corporation – which can also be considered here as investments into the Carlyle Group itself:

BOOZ ALLEN HAMILTON HOLDING – 26,773 direct shares, market value – $511,632

CSX CORP – 3,245,673 direct shares, market value – $85,101,546

CSX CORPORATION (Corporate Bonds) –

CSX CORP – par value $22,272,000 – market value – $25,228,341 – 6.80% return, maturing 12/01/2028

CSX CORP – par value $35,299,200 – market value – $37,628,500 – 6.22% return, maturing 04/30/2040

CSX CORP – par value $1,920,000 – market value – $2,031,062 – 6.15% return, maturing 05/01/2037

HERTZ GLOBAL HOLDINGS INC – 1,404,911 direct shares, market value – $22,309,987

THE HERTZ CORPORATION (Corporate Bonds) –

HERTZ CORP – par value $554,280 – market value – $568,137 – 8.88% return, maturing 01/01/2014

HERTZ CORP – par value $480,000 – market value – $494,400 – 7.50% return, maturing 10/15/2018

HERTZ CORP – par value $1,920,000 – market value – $1,953,600 – 7.38% return, maturing 01/15/2021

HERTZ CORP – par value $2,400,000 – market value – $2,376,000 – 6.75% return, maturing 04/15/2019

LOEWS CORP – 1,086,790 direct shares, market value – $45,742,991

QINETIQ GROUP PLC – 2,078,385 direct shares, market value – $4,027,451

——————————————————————————————————

Finally, lets see what CalPERS has invested in Goldman Sachs…

——————————————————————————————————

GOLDMAN SACHS GROUP INC 1,489,274 direct shares, market value – $198,207,477

GOLDMAN SACHS – “Corporate Bonds”

GOLDMAN SACHS CAP III – par value $3,620,000 – market value – $2,752,503 – 1.02% return, maturing 09/29/2049

GOLDMAN SACHS GROUP INC – par value $110,400,000 – market value – $108,809,563 – 6.75% return, maturing 10/01/2037

GOLDMAN SACHS GROUP INC – par value $4,800,000 – market value – $5,589,452 – 7.50% return, maturing 02/15/2019

GOLDMAN SACHS GROUP INC  – par value $13,440,000 – market value – $12,763,456 – 5.95% return, maturing 01/15/2027

GOLDMAN SACHS GROUP INC – par value $19,200,000 – market value – $19,281,299 – 6.25% return, maturing 02/01/2041

GOLDMAN SACHS GROUP INC – par value $14,400,000 – market value – $14,788,437 – 5.38% return, maturing 03/15/2020

 ——————————————————————————————————

These direct stock investments, as I’ve covered in depth before, represent a massive controlling stake in the corporate world, both national and international. And equally as relevant to the corporate takeover of the world, we can see that these “alternative” investments and corporate bonds literally give taxpayer money to the private industries that the government is a major or controlling stock owner of.

In other words, the taxpayers are unwittingly contributing to everything they complain about in the corporate world – to everything that is slowly killing their health and their spirit. Food, chemical, pharmaceutical, medical, banking, insurance, real estate, foreign currency, private equity funds, and everything else under the sun.

–=–

What Could Happen?

–=–

To put this into perspective, a horrific thought just occurred to me…

As of this moment, in July of 2012, these pension systems are owned and operated by local, state, federal government municipal corporations, and administered by their corporate boards for what they claim to be “on behalf of the employees” that contribute to them under federal and state pension laws. And like any private pension system out there, these corporations are at risk of bankruptcy, government raids, credit risks, or other purposeful mismanagement’s that might befall the public, government owned and controlled pension system.

So what would happen to all of these direct ownership stock investments in a worse case scenario – if the government decided to raid and kill the pension system all together?

What would happen to those stocks, and what would become of the debt that these private corporations owe the government (the people) if all of a sudden the whole thing came crashing down?

The answer to these questions, in this authors perspective, would be the final nail in the 4-decade long efforts to completely privatize our government. It would mean that those stock certificates that are held by each of these pension funds would either be transferred into private hands, or they would be sold off for pennies on the dollar in a false-flag depression scenario to the worst of either these private corporations or to some other individual or country. In short, it would mean the largest transfer of wealth out of the public’s hands in recorded history, including real estate, foreign currencies, stocks and bonds, precious metals, and the many other assets within.

But that’s not all folks… for all of those corporate bonds would also change hands, being transferred or sold off – possibly to the very private banking institutions that were the beneficiaries of those corporate bond and securities-type loans in the first place. In other words, the debts would never come back to the pensioners/taxpayers that loaned it in the first place (the public), but instead would be paid back by the corporations to the corporations themselves, ultimately equating to a grand theft of massive proportions via the loss to the taxpayers as the corporations pay themselves back for the debt against themselves as owners of their own debt… a paradox, and yet quite reasonable to these organized criminals.

This would be no different than the Public Private Partnerships (PPP) happening all over the country now, where parking garages, toll-roads, bridges, and other public infrastructure has been sold or “privatized” into the hands of banks and other private corporations – who now operate and collect the tolls and taxes for the infrastructure that was built by our forefathers and our children.

One could go crazy thinking about this…

For it would not take much at all to accomplish this feat. For federal pensions, as part of the Executive branch, a simple executive order might be signed by the president directing the liquidation of the pension system to pay for the “national debt”. On the State and local levels, simple bankruptcy proceedings would do the job, and the people and pensioners would be left out in the cold. After all, the taxpayer portion of the pension system is government property.

This extremely viable possibility could easily be implemented as the solution to the reaction to the problem of the lie that is continuously perpetrated on the American public – that the pension system is on a whole entirely underfunded. In two years of looking, I’ve yet to see a pension fund that meets this criteria, per the Comprehensive Annual Financial Report. This lie stems from the actuarial projections (educated and purposefully misleading guess) on the future potential of pension funds. It has nothing to do with reality, and this is easily verified in the CAFR.

The following capital gains for 2010 were stated by the following public pension systems:

New York State Retirement System – $23.3 billion gain in net assets after all benefits paid.

CalPERS – $22.7 billion gain in net assets after all benefits paid.

CalSTRS – $11.3 billion gain in net assets after all benefits paid.

Texas State Teachers Retirement System – $7 billion gain in net assets after all benefits paid.

New York City Retirement – $3.4 billion gain in net assets after all benefits paid.

The pension system is, as you can see here, responsible for globalism at its finest. It is responsible for war, for famine, for disease, and for hunger. The whole world could be fed and clothed 100 times over with just the over $260 billion of investment wealth found in the CalPERS pension fund.

But while the pension system is responsible for these things around the globe, it is the people of America that are responsible for the funding of pension funds. Looking the other way in ignorance and greed must come to an end before the worst happens. The people must take responsibility for their own investment concerns, not relying on government to do it for them. The people must invest in what will benefit all people – from alternative energy to real cures for disease. Personal responsibility is the only solution we the people have left; and if we don’t choose to take responsibility for our own lives, our mother who calls itself government and calls us “customers” and “dependents” will continue down this road until just a few conglomerate corporations remain – as government privatizes and merges its investment held corporate structure into one giant United Nations IMF World Bank holding company.

In the end, I can only ask you to look at this report, and to see where your pension and taxpayer money is being invested… I can only ask:

What will you do tomorrow, knowing that your pension contributions are funding poverty and the the global war machine?

On a mission to document our enslavement to ourselves by our own consent…

.

–Clint Richardson (realitybloger.wordpress.com)
–Tuesday, July 10th, 2012

57 Comments
by realitybloger on July 10, 2012  •  Permalink
Posted in Comprehensive Annual Financial Reports, stock market, Uncategorized
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Posted by realitybloger on July 10, 2012

https://realitybloger.com/2012/07/10/cafr-school-how-corporations-are-funded-by-taxpayers/

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