The CAFR Blog is Born !

1/5/2012

The purpose of this blog is to allow EVERYONE to share information regarding CAFRs (Comprehensive Annual Financial Reports) in the hope that we can all network together in order to understand this important issue, and achieve positive change for the benefit of all. The purpose is to share information so that others may learn. Please look under "Categories" in the right column and feel free to suggest new topics for discussion . All serious requests will be honored ASAP.

3 Comments

Dean Steeves

1/6/2012 04:55:07 am

What seems to be being overlooked here relative to the CAFR expose is the fact that, although it may be dead nuts on, the estimated 60 Trillion surplus IS NOT MONEY.

IT IS DEBT
IT IS SOMEBODY'S LIABILITY

The real isue (problem) today is the simple fact that global production can no longer support the unbelieveably extensive amount of total debt that has been created since the inception of the Federal reserve and the consequential removal of GOLD/SILVER from both our own domestic (1933) and later on from the international (1971) scene as PAYMENT OF DEBT.

The derivative markets alone are now rapidly approaching the Quadrillion mark not to mention the long-term US liabilities (social security, medicare etc) at roughly another 70 trillion or so.

The fact that the CAFR expose adds another 60 Trillion to the debt burden does nothing except further guarantee the eventual collapse of the US dollar and ergo the entire financial system as we know it. In that sense it is GOOD NEWS.

They will not be able to kick the can down the street very much longer because the ABSURDITY of the situation is now hardly less than obvious to a rapidly growing number of people.

James Roguski link

1/7/2012 02:41:00 am

Dean,

Your comments are understood, welcomed, and (mostly) agreed upon. However, the issue is not ignored - it is merely presented elsewhere on this website. Please visit...

http://www.HelpPeopleNow.com/money.html

http://www.HelpPeopleNow.com/follow-the-yellow-brick-road.html

http://www.HelpPeopleNow.com/income-tax.html

http://www.HelpPeopleNow.com

I would greatly appreciate it if you could explore the links above and share your opinions and information with me at your convenience. If you have any valuable links or information that you feel should be added to this website, please share them.

James Roguski
webmaster
310-619-3055

Walter Burien link

12/5/2012 10:47:05 pm

Dean:

Your comment per "it is debt" is 100% dead wrong and a government "spin-master" misdirection I gather you bit the hook on.

Ownership of corporations; industrial / financial; real-estate holdings; debt instruments owed to government; international currency pools, is NOT debt, they are tangible assets.

The 60-T figure is an old number calculated by me back in 1998. In 2007, I did a review of collective local and federal and the figure "conservatively" of investment assets held globally is now 110-T.

Government over the last 50-years has gone out of their way to promote debt at the front door as they covertly "fund" that same debt through the back door using their own investment funds. ( they needed a "parking zone" for that massive take they were bringing in.

Everyone has heard of ENRON. Well, ENRON promoted their profit and hid their debt. Government does the exact opposite. They promote their debt and hide their profit.

A recent article I put up has more detail - http://CAFR1.com/ThePeoplesWar.html

Government was NOT supposed to operate at a profit. How did they get around this restriction? ANSWER: If for example a city had a 100-million dollar profit for the year from any of its operations, at a stroke of a pen they create a "liability fund" and poof, there goes the profit re-designated now as a liability.

A personal example would be:

If you and I ran a business for the last twenty years and we now had 1-billion dollars clear. We decide we are going to retire in five-years and want to buy an island in the Bahamas for 700-million dollars. So we create an advance liability fund, move 700-million dollars into it and now our "net" balance on our books is 300-million dollars. Now if with drafted a "Budget" for our business operations (projection of expenses for the upcoming year) of say 325-million dollars, that budget would show us to be 25-million dollars in the red. If we now actually spent 200-million for the upcoming year, gee, we now have 125-million we can move into our "buy an island liability fund in the Bahamas" zero out our profit, have the ability to buy a bigger island now with 825-million in our fund, and start the process all over again for next year.

Now catch this point: On our accounting of the "buy an island fund', our liability if we left the price at 700-million and the fund balance was 825-million, the "net" balance of the fund is now 125-million dollars. (700-million of the funds balance is a liability to pay). If we modified the liability to 825-million then our "net" fund balance is zero. 825 - 825 = 0

One other tactic we could use as a mask of our true funds held would be to take the 825-million, deposit it with some financial institution domestic or international and arrange a loan or investment from that same financial institution of 825-million using our own capital through that financial institution to give the impression the 825-million was 100% a debt for repayment to whatever X financial institution we were using in that shell game of appearance. AGAIN why it is important to carefully look at the notes to the financial section of the CAFR.

NOTE: Up until 1999 the CAFR showed the "gross" standing balances of income and investment fund balances. Then with onset of disclosure by CAFR1 and the public now looking for the first time http://GASB.org (a 100% private association) who oversees the accounting guidelines of the CAFR, changes were made starting with transmittal letter-31 (up to 90 now) changing the showing in the CAFR from that of gross balances to a showing of "net" balances.

Many games are played there so it is very important now to look through the "notes to the financial section" to spot or be directed to many of the specialty advance liability actual fund balances.

As mentioned, Government "promotes" debt and it is apparent you bit firmly on that hook.

Hopefully the above clarifies that sound-bite conditioning that was spoon fed each and every one of us to our disadvantage with the intent of maintaining our ignorance in the matter as the beat goes on for massive wealth transfer and empire building on all levels from the inside players..

Sincerely,

Walter Burien - CAFR1.com

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This blog is moderated by
James Paul Roguski
310-619-3055

The purpose of this blog is to allow EVERYONE to share information regarding CAFRs (Comprehensive Annual Financial Reports) in the hope that we can all network together in order to understand this important issue, and achieve positive change for the benefit of all. The purpose is to share information so that others may learn.

Please look under "Categories" below and feel free to suggest new topics for discussion. All serious requests will be honored ASAP.

The CAFR Blog is Born !

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