Hidden In Plain Sight
WAKE UP AMERICA.
YOUR "GOVERNMENT"
IS FAR WEALTHIER THAN YOU CAN IMAGINE!
YOUR "GOVERNMENT"
IS FAR WEALTHIER THAN YOU CAN IMAGINE!
Since shortly after World War II, all levels of government (Federal, State, County, City, Schools, etc.) have taken our tax dollars and invested them in a wide variety of different ways. They have managed to keep the general population completely unaware of these ENORMOUS investments.
Every American citizen needs to understand that the government holds TRILLIONS OF DOLLARS of stock in Fortune 500 and other corporations, as well as additional investments in foreign companies, foreign currencies and many, many other investments.
Every American citizen needs to understand that the government holds TRILLIONS OF DOLLARS of stock in Fortune 500 and other corporations, as well as additional investments in foreign companies, foreign currencies and many, many other investments.
THE IMPLICATIONS OF THIS INFORMATION ARE ENORMOUS!
When government officials discuss their yearly "budgets", most people blindly believe that the "budget" information reflects the entire financial situation. NOTHING could be further from the truth. It usually comes as an incredible shock to nearly everyone when they learn that there is a totally different set of "books" that are a far more complete accounting of the money held by these government agencies.
This information has been hidden in plain sight, in documents that are known as Comprehensive Annual Financial Reports (CAFRs). The primary difference between a budget and a CAFR is that a budget is an accounting for just one fiscal period (often one year). The "budgets" only show how tax income has been spent. A CAFR gives a much more detailed account of long term, ongoing investments.
Thousands of Federal, State, County, City and other government entities have been hiding ENORMOUS investments that are never publicly discussed. The amount of money involved is ASTOUNDING! These governments are NOT bankrupt. These governments only appear to be running yearly "deficits" because they refuse to discuss the absolutely enormous amounts of money that they control in the form of investments that total TRILLIONS OF DOLLARS.
As citizens, we initially funded all of these investments through various taxes and fees. Now, TRILLIONS of dollars are being controlled by the powers that be, while they continually complain about "budget" deficits and insist upon either raising taxes or reducing services and benefits.
This information has been hidden in plain sight, in documents that are known as Comprehensive Annual Financial Reports (CAFRs). The primary difference between a budget and a CAFR is that a budget is an accounting for just one fiscal period (often one year). The "budgets" only show how tax income has been spent. A CAFR gives a much more detailed account of long term, ongoing investments.
Thousands of Federal, State, County, City and other government entities have been hiding ENORMOUS investments that are never publicly discussed. The amount of money involved is ASTOUNDING! These governments are NOT bankrupt. These governments only appear to be running yearly "deficits" because they refuse to discuss the absolutely enormous amounts of money that they control in the form of investments that total TRILLIONS OF DOLLARS.
As citizens, we initially funded all of these investments through various taxes and fees. Now, TRILLIONS of dollars are being controlled by the powers that be, while they continually complain about "budget" deficits and insist upon either raising taxes or reducing services and benefits.
CLICK ON THE FLAG FOR AN ENTERTAINING VIDEO
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Please realize that the entity that you believe is "government" is really a corporation!
The video below is quite lengthy,
but it very clearly explains this issue.
Please take the time to watch it.
Your country's future depends upon you learning the truth!
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Two Sets of Books Outside of public awareness, every state, county and major metropolitan city is keeping two sets of books. One set ("The Budget") is commonly available and tracks each government's tax revenue and expenditures. The budget is the financial record that the public is encouraged to focus on and it is used by politicians to justify new governmental services and higher taxes. However, there is a second set of books (called the Comprehensive Annual Financial Report, or CAFR) which is virtually unknown to the public because it contains the real record of total governmental income. Although the yearly budget gives an accurate account of government costs, only the CAFR gives an accurate account of government's ongoing investment assets. For example, while a particular state budget might report receiving $20 billion in taxes (just barely enough to cover its $20 billion in costs) - the CAFR might reveal the state's real income is in the neighborhood of $40 billion - twice as much as reported on the budget. The state could stop charging all the taxes that the citizens are forced to pay and give every citizen a huge tax rebate, or it could decide to double the amount of government services, or it could decide on some combination or reduced taxes and increased services. How could any governmental entity dare to routinely overcharge its citizens by 200%, under-report its income by half, and knowingly press for higher taxes based on an incomplete presentation of the budget? Worse, how could such a fraudulent system become widespread among all states, counties, cities and the Federal Government? The implications are mind-boggling. The CAFR's reveal that the world is so different from what we are led to believe, so much more corrupt than suspected, that we are left with a number of choices, either;
What is voting, REALLY??Have you every wondered why people spend huge amounts of money to be elected mayor, school board member, county commissioner, governor, or president? The answer is simple - They gain access to the control of absolutely ENORMOUS funds that are the true source of political power! Every citizen must educate themselves regarding the ENORMOUS WEALTH that is held (in trust) by their city, school system, county, state and country. When you vote for a mayor, city manager, school board member, county commissioner, governor or president, what are you really doing? Well, there are many facets to those "jobs", but one of the basic functions of these elected officials is to act as a trustee, who will be trusted to skillfully manage the holdings of the city, school district, county, state or country. It is within the power of every American citizen to perform a simple "litmus" test in order to hold every candidate for public office accountable for their actions after they enter office. NO - DO NOT DO THIS:Candidates should not be permitted to talk about their plans for the "budget". YES - DO THIS:Every candidate MUST be aggressively questioned about how they plan to handle the accumulated FUNDS that are controlled by the government. Walter Burien Exposes the CAFR Secret Mr. Walter Burien is the first person who is known to have raised this issue publicly. Mr. Burien first discovered the CAFR report in New Jersey in 1989, when he helped start and incorporated a New Jersey tax protest group called "Hands Across New Jersey." While involved with that group, Mr. Burien read in the state's Annual Budget that the total cost of all public services was $17 billion and the "net available" (the money on hand to pay all bills) was $24.6 billion. But then he asked the first question the IRS asks in any audit: "What are the gross receipts?" He added the figures from various state government sources and came up with about $44 billion and began to wonder how the state could have $17 billion in costs, $24.6 billion in cash on hand, and $44 billion annual income? The numbers didn't add up, so he began to dig deeper. Because his father had been Personnel Manager for the State Treasury for four years, Mr. Burien understood how to get information from the various government departments. The state Director of the Budget was on vacation, so Mr. Burien called one of his lowest level assistants and said, "I'm working on a report for Richard [the vacationing Budget Director] and I need all the figures on the autonomous agency accounts, interest accounts, investment accounts." The assistant said, "Oh, you want the CAFR." This was the first time Burien had heard of the CAFR but he said, "Yes" and the assistant mailed it to him. The 1989 CAFR showed that New Jersey had liquid investment funds (cash) of $188 billion of which included; common stocks worth $70 billion, $10 billion in loans made by the state due from public and private corporations, and $14 billion in insurance company equity participation. The little state of New Jersey, which admitted to less than $25 billion in annual income on its budget, reported $188 billion in cash, stocks, loans and equity participation on its CAFR. According to Mr. Burien, "On that day, I learned the definition of syndicated organized crime." Keep in mind that most of the revenue and investments from the 21 counties, hundreds of cities, municipalities, school districts, state financial authorities, pension funds, and 69 enterprise authorities, all of which put out their own CAFR or Combined Financial Statement are not inclusive with the state's revenue and investments. The totals here, when looking at composite New Jersey government figures, are well in excess of 1.8 Trillion dollars. Yep, you heard that right, 1.8 trillion. Divide that figure by the population of New Jersey to see the per capita share of the wealth. So why are the taxes in New Jersey some of the highest in the country? The answered is; Power corrupts, absolute Power corrupts absolutely. The public left the VAULT door open, and those sharp government officials said thank you very much. The scam worked something like this: Anything that was a cost or expense for public services (the traditional side of the Annual Service Budget, such as the Department of Transportation, health and welfare, etc.) was reported on the Budget where public taxes primarily paid 100% of the bill for those services. That was $17 billion. However, any governmental agency that was a profit center (the Port Authority for New Jersey, the New Jersey Turnpike, and investment accounts, etc.) that generated no tax revenue was "restricted by statute from being reported in and benefiting the Annual Budget. Why? Because the state legislature passed laws to prevent reporting the income from investment or venture profit centers on the Budget. Instead, income from these profit centers was disclosed only on the CAFR or other financial reports referenced in the notes of the CAFR. But that disclosure was not immediately apparent. For example, when Mr. Burien looked for New Jersey's 1989 "gross cash receipts" in the CAFR, he found the figure buried on page 174, under the "Waste Water Treatment Trust Fund." It showed the amount of the total cash receipts (Cash Additions) for 1989 from all state agencies, departments and sources was $86.799 billion. In other words, New Jersey State Government from all sources was grossing $87 billion to provide $17 billion in public services as seen in the openly represented Annual Service Budget. New Jersey citizens were paying $5 for every $1 in services they received, and the state was pocketing the other $4 as "profit." When breaking down the true revenue income, the most important revelation was that only one third of the states' income came from taxes, fines and fees. Two thirds of state governments' income came from Other Sources with no direct tie to the publicly known budget. When looking at the openly disclosed Budget , which each year continued to grow at a runaway pace, here ever expanding taxation primarily covered the expenses. The CAFR also reported the state owned $32 billion in common stocks - but this figure was footnoted. The footnote revealed that the stocks were valued according to their original purchase price, not the current market value. In other words, if the state bought a stock in 1968 at $1.25 a share and it's worth $300 a share now, they still report it on the CAFR as being worth $1.25 a share. Burien determined that the true market value for the "$32 billion" in stocks reported on the New Jersey CAFR was actually about $70 billion. But Mr. Burien goes further - he claims that the dual system of books is not unique to New Jersey, but also common among the over 54,000 local government corporate entities operating within all fifty states. Moreover, he claims the dual accounting system used ten years ago in New Jersey was created in 1946 through an organization by the name of GFOA (Government Financial Officers Association) and is the primary local government accounting structure being used today. For example, "In 1987, Arizona's annual service budget reported $2.8 billion in revenues but the state's 1987 CAFR reported total cash receipts of $3.1 billion, a mere $300 million difference." "However, in 1997, Arizona reported an Annual Service Budget of $5.5 billion while the States CAFR (printed by the Auditor General's Office) showed total gross cash receipts of $17 billion. That's a difference of over $11 billion. In just ten years, Arizona had caught up to New Jersey in that both states annual budgets reported less than one third of the actual gross income seen in the states CAFRs. "CAFR and Combined Financial Statement reports indicate that the composite totals for all government (Federal, state, county and city) ownership of publicly traded stocks exceeds $32 TRILLION (53% of the total ownership of all listed stocks from ALL exchanges), $8 TRILLION in insurance company equity (should we be surprised by high priced mandatory auto insurance or unaffordable health care?) and $5 TRILLION in Bond Surety Escrow Accounts for future liability of existing or potential debt. Governments use Bond Surety Escrow Accounts to evade that pesky little rule that government should not operate at a "profit." That is, government should not impose more taxes than it actually uses to run the government. By designating tax revenue that exceeds operating costs as "Bond Surety Escrow" for future liability, government avoids calling excess revenue a "profit" and is thereby enabled to continue to enrich itself at public expense. To illustrate the potential for abusing "future liability payments," consider the New Jersey plan in the 1950s to build the New Jersey State Turnpike and Garden State Parkway Authorities. The state asked voters to approve a $7.5 billion bond to construct the turnpikes. The state explained that these turnpikes would be operated as toll roads by the bondholders until the $7.5 billion bond was paid off - but the bondholders could not operate the toll roads at a profit. Once the bonds were repaid, the turnpikes would revert back into the state's Annual Budget as a normal cost/revenue item. The public voted Yes. Over the following years, the state sometimes alleged that the toll revenue from operating those turnpikes failed to cover their operating expenses, and so additional bonds were passed to fund the turnpikes. As a result, in 1990, the total bond liability still owed for the turnpike had grown to $14.5 billion. But guess how much was in the Bond Surety Escrow Accounts ? $38 Billion! Enough to repay the original $7.5 billion bonds almost four times! How could that happen? Say the toll road made a $400 million profit for the year and the scheduled payment on the $7.5 billion bond was $100 million. The state made the $100 million payment but kept the extra $300 million in a Bond Surety Escrow Account which generated substantial annual dividend returns for future liability payments. Although they kept the $300 million, they did not declare it as an asset but wrote it off as a line item payment. In other years, even though they made a profit, they alleged that they lost money and therefore floated more billions in bonds. (Guess who pays?) The bottom line is that New Jersey and other local government entities are collecting hundreds of billions of virtually unreported dollars from "Other" operations. The motivating factor is not public welfare, but control of those billions. This issue ENORMOUS Mr. Burien not only alleges that the dual accounting system exemplified by CAFR is not only used by all fifty states, but also by all counties, cities and the Federal Government itself. These financial manipulations comprise the most damning indictment of big government yet seen. Our government is, in fact, a criminal enterprise bent on oppressing Americans by extorting several times as much tax revenue as it spends on public services and using the majority of those extorted revenues to enrich, empower and enlarge government at public expense. The inner circle of the individuals controlling the top wealth of this structure have the attitude toward the public of: Keep the the public running on the treadmill, so that just enough revenue is supplied to keep the economy running at optimum efficiency, while the top inner circle skims off 80% of the energy produced by the people on the treadmill. The general public has been kept ignorant concerning CAFR by the complicity of the mainstream media. When Mr. Burien first discovered the CAFR reports in New Jersey in 1989, he went on radio 101.5 FM in a live 45 minute interview. Two days later, that radio station was threatened with losing its license and was almost shut down. CAFR had become another example of - "third rail journalism" - any reporter or media outlet that touched the issue would be silenced or driven from journalism. As a result, there's been a total mainstream media blackout on disclosing CAFR reports. For over twenty five years the directors and CEOs of the primary syndicated media organizations both print and broadcast, were sent state CAFR reports each and every year, as they maintained a blackout towards the simple mentioning of the report. Mr. Burien reports the discovery of the fact that New Jersey State Judges are vested in a personal retirement guarantee of $5,000,000.00, per judge after they serve as a judge for one year. Federal district court judges do not have a retirement or pension plan due to the fact that they were appointed for life. Being appointed for life, they receive their full paycheck and benefits for life. Do you need anyone to spell it out for you? Would a New Jersey State or Federal District Judge allow an attack on the squirreled away billions of dollars and jeopardize their financial windfall? The inner circle gets the gold!! Later, Burien learned that the New Jersey official in charge of discrediting his CAFR discoveries was a former reporter (Harvey Fisher) who had been appointed Assistant State Treasurer - even though he had no former financial background. Burien investigated his background and learned that as a reporter, Fisher had made $35,000 a year. But as Assistant State Treasurer he made $65,000 a year - plus a Carte Blanche expense account of $125,000. Burien claims this was not an aberration: "I knew there was a state data search department under the Department of Treasure Personnel division which tied all agencies and departments together. I called that department and asked for a data search on all key level directorships and supervisory positions for all budgetary or autonomous agencies, and they came up with some 3,400 names from several administrations. Almost 1800 of these Directors were former editors or reporters! It is a virtual certainty that many of these appointments were payoffs for the journalists previous "cooperation" in spinning or silencing stories to suit government. If you conduct a comparable search in other states, you may find a similar symbiotic relationship between government, editors, and reporters. The more money held and generated by an agency, the higher the percentage will be. If so, the media's "liberal, pro-government bias" may run much deeper than anyone has imagined, and the military-industrial complex" described by President Eisenhower in the 1950's may have been complemented by a "media-bureaucracy-banker complex" in the 1990s. Mr. Burien started disclosing this information on a national basis on June 8th 1998. In 1999, GFOA and GASB (Government Accounting Standards Board) changed the accounting requirements for local governments within the Combined Financial Columns of the CAFR from: ALL revenue, income and investments being shown, To: All revenue, income and investments being shown that were necessary to meet obligations and liabilities of that local government. This change in accounting is substantial. You may need to read the notes of the CAFR very carefully in order to find the hidden money. |
Please click on any of the links below in order to gain access to the Comprehensive Annual Financial Reports (CAFRs)...
Please help us to complete our database! If you locate a Comprehensive Annual Financial Report for a County, City, School District, or any other government entity, please email a link to us so that we may add it to our ever-growing list of CAFRs. Contact us directly at 310-619-3055 
PART 1 PART 2 For additional information, visit the websites listed below... http://www.CAFRman.com http://www.CAFR1.com or simply use your favorite search engine to locate the "CAFR" for your city, county or state. QUESTIONS?? CONTACT: Walter J. Burien, Jr. P. O. Box 2112 Saint Johns, AZ 85936 email: WalterBurien@CAFR1.com Tel. (928) 458-5854 Skype: WJB.CAFR1 |
The information below is in the process of being edited.
| FloridaStateInvestmentHoldings2009.pdf |
http://www.youtube.com/playlist?p=PL6D032AA2E55759C1
http://www.real-debt-elimination.com/tax_freedom/comprehensive_annual_financial_reports-1.htm
http://www.afn.org/~govern/burien.html
http://cafr1.com/ThePuzzle.html
http://taxretirement.com/
Comprehensive Annual Financial Reports Expose Government Fraud
by: Walter J. Burien, Jr.
The Biggest Game In Town is of major importance to every American. You are encouraged to video tape it for further review and sharing with others. This program is a comprehensive disclosure of governmental financial operations that have been deliberately concealed and kept from the American people by the governmental financial agencies as well as by the syndicated media. The scope is huge; the personal financial impact of vital concern to all. Do the people of this great land own the government or do the collective governments think they own the people?
The Biggest Shell Game for Theft in World History!
Organized Governments at all levels have been holding back their true Financial Statements, their Comprehensive Annual Financial Report from the people of America for over 50 years! Every city, county, state, and the federal government openly talks about the "budget" but keeps a virtually hidden, SECOND SET OF BOOKS which track the investments and Enterprise ventures worth TRILLIONS of dollars in tangible wealth they have built up and are spending from these virtually hidden portfolios as a result of investing YOUR skimmed money for over 50 years in everything from real estate to the stock market.
When looking at the "big picture," only 1/3 of government's annual revenue comes from taxes, 2/3 comes from return on investments and enterprise / venture projects. To offset taxation, not $1 of that non-tax revenue is tied directly into the annual "budget" that is supported by taxation!
Your city, county, state, and federal governments have played the Enron Creative Accounting Game; they LIED TO YOU for decades. With administrative restructuring of government, there would be NO NEED FOR TAXES. Our governments are not broke, they are rich beyond measure with OUR money, and they are hiding it from the American taxpayer, investing, AND SPENDING IT while pleading they are broke and need more taxes, bonds and levies to survive. This being done as they blindly justify their obscene growth. BS! There is enough aggregate wealth owned by our government agencies to abolish ALL property and income taxes TODAY. You are being conned, lied to, ripped off, and financially raped.
Are You Ready For The Biggest Wake Up Call Of Your Life?
Composite Revenue Totals:
Total Annual Personal income in the USA, 1999, was 8.2 trillion dollars. All income - Wages, and investment return from Bill Gates, government employees, to the local Paper Boy.
Federal tax Income: 1.8 trillion
Local Gov tax Income: 1.6 trillion (Composite CAFR Reports)
TOTAL: Disclosed Government general purpose tax income:
(Revenue from direct Taxation): 3.4Trillion
TOTAL Personal INCOME:
8.2 - 3.4 (taxation) = 4.8 trillion dollars
THE NET Personal Income after all taxation from both Federal and Local governments.
SOURCE: Federal 1999 Combined Financial Statement (CFS)
Now for the revelation. (Estimated): Investment / enterprise income not disclosed in the general fund accounting, both Federal and local government, would bring Federal and Local governments annual TOTAL income up by another 5.1 trillion (GOVERNMENT'S NON-TAX income), or total income of 8.5 trillion, or for the real earth shaker of the mind's comprehension, government income twice that of the total annual net personal income after taxation of the entire nation.
Estimate of the standing liquid, fixed, and equity investments, both Federal and Local Governments is a conservative: 60 Trillion dollars
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PERSONAL NOTE: If you were making $100,000 per year, and you put 25% ($25,000) each year into an investment fund generating 14% annual return, how long would it be with compounded interest before your return was greater than your income?
A little over 8 years.
[14% is a conservative figure being that most state pension retirement funds have accomplished in most cases an average annual rate of return of 16 to 18% over the last 7 years. The 25 year average is 9 to 11%. Washington and Oregon State governments retirement funds did a 22 and 23% return last year]
Composite government Pension Funds generated a return last year of about 4.3 trillion dollars. More revenue generated than all collected taxation in this country combined.
PS: Government Employees realized only a fraction of that return in most cases being that their pension funds were strictly "Participatory." The individuals investing or controlling the surpluses had a field day of personal empire building.
I wonder what Senator, Congressman, Judge, City Attorney, County Board of Supervisor, School Commissioner, or Governor had their "Personal" retirement ventures funded by investments from those surpluses?
And yes, State Retirement Funds complete a CAFR also. You may want to get a copy and see where and with whom those investments rest.
Can anyone see, that with consolidating surpluses (hundreds of billions), sale of venture and enterprise projects (trillions) back into the private sector where many belong (Golf Courses, Real-estate spec ventures, etc.), and downsizing where appropriate, that with using this "Basic" 101 application of consolidating this revenue into an Annuity Pension fund in the public's behalf, that this could make those local governments "Self Sufficient" from the annual return, and thus all forced taxation can be phased out, and eliminated?
And then possibly a return by annuity check paid back to the local property owners and taxpayers each year on top of no taxation?
NOTE: Watch the News. The comprehension disclosed on this site was released nationally over the last 4 years via over 190, one to three hour radio programs I participated with. The blackout continues from the self serving syndicated media in full financial partnership and cooperation with the government syndicate controlling the empire. From the writing on the wall that I see, they are moving to consolidate 100% ownership and control of the wealth, both nationally and internationally. A forced recession is being orchestrated starting with the manipulation of the energy / gas prices. This manipulation will take a few more trillion dollars out of the pockets of the public! And who is the primary investor with the gas and power companies? Government!
Sound bites are coming out as to the expected downturn in the economy. Top players running the syndicate are consolidating towards the NWO of UN POLICE and UN COURT Control. The UN, an organization not subject to those pesky documents in the USA know as The Constitution and Bill of Rights.
Their plan started in 1945 with the creation of an organization known as METRO first located in Chicago, IL, and now located in Louisville, KY. The blueprint for METRO called for taking over the control of Legislative and the Judicial branches of government, to establish government as an administrative and corporate clearing house for revenue collection. Within the same effort the UN was established in 1946. Additionally GFOA was established in 1946, the organization that created the Comprehensive Annual Financial Report (CAFR) accounting structure. [ www.gfoa.org ]
With the syndicate accomplishing 100% control, the majority of the public is no longer needed to build or perpetuate the syndicate's empire, and thus 60% of the population becomes a liability. If corrective and unified action by the public is slow in coming forth with true applied force, we are facing the strongest potential of impending and intentionally orchestrated mass genocide by the syndicate against the people ever seen in the history of this planet.
It is time to stand up, push forth the labors of birth, and evolve.
Please take the time to read the transcript of the video: The Biggest Game In Town
There are two roads before us; The current path and direction, that the currently in place syndicate is leading us down, will lead to a thousand years of subjugation / subservience of the survivors. Or if the other path is taken by unified public mandate: A thousand years of independence, financial self- sufficiency coming from government without taxation, and true freedom with financial security for all based on the individual's unrestrained productivity benefiting a truly free world economy.
The choice is clear.
There are three types of people in this world:
1. Those that "Watch" things happen!
2. Those that "Make" things happen!
3. Those that say "What" happened!
This site is for the benefit of all the # 2s.
For the #1s and #3s, this site is for their amusement.
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I Strongly Recommend Book marking these sites for viewing:
http://www.rutgers.edu/Accounting/raw/gasb/rlinks/index.html
http://www.fms.treas.gov/cfs / (Federal CAFR)
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The following link pay special attention to the note below the link:
http://www.cafrman.com
NOTE: The creator of the CAFRMan.com site, Gerald Klatt, was a high level federal auditor of 30 years. The CAFRMan site was created one year after Mr. Burien brought forward national disclosure as to the CAFR.
CAFRMan's recommended approach, in Mr. Burien's opinion, would continue Business as usual providing the short term fix of returning some surpluses to the public for "instant gratification" potential economic activity benefits, and more taxes coming in for government.
Mr. Burien believes that if this were done, accounting changes would then be made and the true future surpluses would be hidden or disappear allowing the current business as usual in government to continue. The CAFRMan site promotes growth in government, and continued "Business as Usual".
Mr. Burien's approach has the effect of phasing out all forced taxation by local government constitutional amendment, and possibly allowing for a dividend return to the public on top of no taxation based on prudent financial management of government from the existing wealth held today! In other words. "The Long Term Fix" for us, and our children, and their children's children!
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Why not a word of "Basic" Fiscal Accounting 101 application in the last 55 years?
Why not a word of the Holy Grail, the government's accounting Bible the CAFR?
Why not one word as to government's composite investment and total gross receipts, and growth over 5 years, 10, 15, 20, 25, etc?
Why not one word in print, on the TV, radio from the syndicated media?
Well, the answer is: The public left the vault door open, and in fact a great effort was put forward by a few to make sure the public didn't even think or realize that there was a vault door to be closed!
Primarily in the last 50 years, an orgy of financial empire building has been taking place from all sectors of local and federal government in which at the present, composite government has pulled off the largest financial takeover ever seen in history of this world as the public was intentionally distracted, and lulled asleep by the perpetrators of the take over.
Composite US government wealth today makes the entire wealth of the private sector look insignificant in comparison.
Federal and Local Government's gross income, 1999, was 8.5 Trillion dollars. The entire population of this country had a gross personal income, 1999, of 8.2 trillion dollars and net after government taxation of 4.8 trillion dollars. Composite Government brought in twice that of the entire nation.
As an American, this is the biggest wake up call you will receive in your life time!
This financial take over by government would not have been possible over the last 30 years without the systematic and cooperative effort coming from the controlling parties owning and directing the syndicated media, and pulling the strings within organized education to keep "Basic" 101 comprehension from the thoughts and minds of the general populace.
To hold back "basic" Fiscal Accounting 101 comprehension from the populace of an entire nation for over 55 years is quite a task.
REQUIRE MENTION AND DISCUSSION OF: The 4 BASICS
1. What are the total cash receipts from ALL operations?
2. What are the total investments from ALL operations?
3. What is the total net worth of ALL operations?
4. What has the growth been over 5 years, 10, 15, 20, 25, etc.?
Gorbachev asked those four basic questions, and you now know why he went Democratic!
So what does this mean for you? You can let go of the programming that says that you must do your duty and pay taxes. Government earns more than enough money to handle higher budget costs than they do now through the use of taxes. But you think you owe income taxes and you have no alternatives. We have alternatives and professionals available to see you through this process.
Is it time to mandate "effective action" through united efforts of the American people? Can David still fling the rock true and straight to hit its mark and defeat Goliath?
Are you aware that 30 years ago only 8-12% of the financial activity and ownership of our nation resulted from the activity of the government, but today the figure is conservatively 48%?
We the People have been victimized by the largest organized syndicate on the face of the Earth. The Constitution declares that all political power is inherent in the people and that all powers not directly and specifically delegated to public servants remain with the people. Our public servants are accountable to us and it's time we hold them accountable with genuine liability and cause the profits resulting from governmental activity to directly benefit the people!!!
**************Walter Burien: Narrative*************
Good morning. What we're going to be talking about today is what I've called The Biggest Game in Town. My name is Walter Burien. I live in Prescott, Arizona. I became aware of something approximately 10 years ago, which changed my life. I will give you a little analogy of how I learned about the complete financial takeover of the wealth of this country by composite government. Back in 1989 1 lived in New Jersey. There was a governor by the name of Jim Florio who was running for office under a no-new-tax platform. He won, and as soon as he got into office a $2.8 billion tax increase was enacted---the largest in the state's history. It's obvious that the public was not too thrilled about Mr. Florio's actions and one of the local radio stations, 101.5 FM, started doing some rabble-rousing, taking calls from listeners on examples of waste and misspending in government. My first two days I was listening, and I heard people calling in with examples of $5,000, $15,000; $85,000 was the highest figure I heard. I pulled out the State of New Jersey's budget report, which is the only thing I was aware of at that time. They had $11 billion on budget, $6 billion off budget; the total annual service budget was $17 billion a year. I called in to the show and I made the comment, "Come on, guys; you're missing the whole point. The highest figure I heard was $85,000. The state's dealing with billions of dollars." I read off the figures. I said, "If there's fraud, waste and misspending taking place, it's taking on tunes of tens of millions, if not hundreds of millions of dollars." The DJ at that time challenged us, the listeners, to start a tax protest organization to repeal the $2.8 billion tax increase.
Ten of us got together the next day and incorporated a group called Hands Across New Jersey. We scheduled our first rally ten days out from that point. And basically, with the help of 101.5, we had 115,000 people converge on Trenton from all the shore points in New Jersey, effectively shutting the city down. Now, during the course of organizing that rally, I took over looking at the budget, revenue and finance of the state. For about fifteen years I was a Commodity Trading Advisor, I was one of the first tenants of the World Trade Center, back in 1979. And large figures didn't bother me-a hundred million and one dollar - there was no difference. So when I started looking at the figures on the New Jersey budget report, as I mentioned, there were $11 billion on budget, $6 billion off budget, it showed a net available of $25.6 billion. Then, I asked myself the number one question that IRS asks in an audit: What are the cash gross receipts? I started noticing the large cash cow groups in state government - the New Jersey Turnpike, Garden State Parkway, Port Authority of New York, and New Jersey. The revenue was not inclusive in the budget report. I didn't see any large returns from investment funds on the budget report. And I said, "They have to have two sets of books here. They're not accounting for the whole picture". The director of the budget at that time was an individual by the name of Richard Keevy. He was on vacation till the following Tuesday of that week. I found out who his lower assistant was, called in, and the conversation went just like this:
I said, "Hi, this is Walter Burien. I'm working on a report for Richard. Have to have it done by Tuesday when he gets back from vacation. I need all the figures on the autonomous agency accounts, interest accounts, investment accounts. And the reply I got was, "Oh, you want the Comprehensive Annual Financial Report". Bing!!! First time I ever heard that before in my lifetime. Got it that Friday. Started crunching numbers. It showed a total liquid investment funds of $188 billion dollars --- $188 BILLION DOLLARS---of which common stock ownership $70 billion, on loan to public and private corporations $10 billion, insurance company equity participation, $14 billion, on loan to public and private corporations $10 billion. And I started looking for the total cash gross receipts. As I mentioned, what IRS would ask for in an audit. I found it on page 174. Now this is 1989's Comprehensive Annual Financial Report. On page 174 under Cash Additions, all agencies, all departments, all sources, here's a state with a declared service budget of $17 billion, who was bringing in $86 billion, 799 million in cash. I saw that figure and instantly realized the definition of syndicated organized crime. Here, we had a representation to the public that the state of New Jersey was bringing in $17 billion when in reality, they were bringing in close to $86 billion. They had $188 billion in liquid investment funds. I also learned the principle of operation that day. Anything that was a cost and an expense, traditional service side of the budget report, health and welfare, human services, motor vehicles, was left under the budgetary basis, and the public footed 100% of the bill for 100% of the services. Now, anything that was a profit center, had the ability of being a profit center, large investment fund that generated tens and hundreds of millions of dollars, totally restricted by a statute for no tie or inclusion whatsoever with the budgetary basis.
Now, this is what I have called The Biggest Game In Town. I saw it first in New Jersey and I said the Comprehensive Annual Financial Report… here I am a Commodity Trading Advisor, I was doing a national news line coast to coast at the time and I never heard of the Comprehensive Annual Financial Report. I wanted to find out why. I was mad. I mean, there was such a distinct difference between the revenue shown on the Comprehensive Annual Financial Report and the minuscule revenue that was shown now on the budgetary basis. I said, "Why did I not see this in a newspaper, radio show, TV show?"
Now, the department that mailed out the report the Comprehensive Annual Financial Report was from the Department of Treasury. I called the mailroom, and the mailroom usually doesn't get a call from the public, so they were very cooperative. I wanted to find out who the report was sent to. I thought it was a short list. They said, "I'm sorry, sir. The list is too long - we can't read it to you on the phone." So I start qualifying. I found out it was sent to every editor of every paper on the East coast. It was sent to the deans of all the colleges. It was sent to the CEO and every one of the directors from ABC, CBS, and NBC. When I verified that, I started smelling cooperative effort for nondisclosure. I then got the telephone number for ABC and NBC on where the report was sent to. I called, and the conversation went just like this: "Hi. This is Walter Burien calling from the Department of the Treasury. We've been sending you our Comprehensive Annual Financial Report for the last fourteen years and we're doing a logistical survey on how many other states are sending you their reports. Could you please help me?" ABC was getting it from 36 states; NBC was getting it from 34 states. When I heard that, now I'm getting very mad. I'm starting to see a clear-cut cooperative effort for nondisclosure on the most important information that exists in this country...Period. The extent of the financial takeover by composite government of the wealth of this country, with the full cooperation of the syndicated media for nondisclosure.
My next step was I called New York, got New York's Comprehensive Annual Financial Report, which showed approximately $735 billion in liquid investment funds. I then got the city of Manhattan's report. Now, when I mention the Comprehensive Annual Financial Report, it's not just the state-the majority of all cities, counties, school districts, pension funds, autonomous agencies such as the New Jersey Turnpike or New York Throughway Authority, put out a Comprehensive Annual Financial Report. When I got Manhattan's report it showed liquid investment funds of $1.2 trillion, more than the entire state. My mind started getting boggled, thinking of the composite totals-for all the states, all the cities, and all the counties. Subsequently, over the last ten years I've been factoring in, compiling, the aspect of composite totals. The current figure stands at about $60 trillion plus, in liquid investment funds - the composite totals for all cities, counties, states, and the federal government. Now, the viewers of this show would say "Oh, wait a second here! Wait a second here! I thought we were in debt for the state, in debt for our school districts, or in debt for the federal government".
Well, let me explain something. I'm going to give you the biggest wake-up call in your life. This example holds true all across the country, for every city, county, and state and the federal government. You always hear the budgetary basis referenced - "the budget report, the budget report." Now, I'll use this one example. Say, for example, you are making $100,000 a year, and your budget for operating your house is $20,000 a year. You could audit you3333111r budget a hundred times over - account for every nickel, dime, and penny on your budget report. If you spent $19,000 this year you'd have $1,000 surplus. If you spend $21,000 this year you'd have a thousand-dollar deficit. Now, in reality, if you decided you wanted to spend $30,000 this year on your budget for operating your house, would you go knocking on your neighbor's door, saying, "Hey, John, I had $20,000 allocated to operate my budget, but I spent $30,000; can I borrow $10,000?" No, you'd pull from your $100,000 salary. Governments across this country on the city, county, state levels, and federal, have created a two-tier accounting structure. One, the annual operating budgets, the cost side of operating government for the year - the monies they bring in for the year to handle that cost and what they expend. What's being left out is the decades -- the decades of investment wealth, enterprise ventures which generate hundreds of billions of dollars each year, which are not inclusive in the budgetary basis. Government has turned into a financial empire across the board. And the public, basically, allowed the foxes to write the laws on how many hens they could eat from the hen house. And of course, foxes being foxes, they've eaten all the hens.When you start looking at composite totals of revenue and compare it to the private sector, government currently now is substantially bigger than the private sector. We are standing at about 65% government, 35% the private sector.
Now, when you look at stocks, as I mentioned, New Jersey State Government I saw, had $70 billion in common stock ownership. That floored me. I never even thought about New Jersey as a state owning $70 billion in stocks. Composite totals city, county, state and federal on stock ownership, equates to approximately $32 trillion. That's over 53% of the entire open interest of all issued stocks from all exchanges is owned by composite government sources. You won't have one city or county or state owning a phenomenal base in one stock, but you'll have thousands of the different cities, counties and states owning the composite totals. They own over 51 percent. So, when you look at individual corporations, Xerox Corporation, IBM, AT&T the primary owners are composite government funds, and they'll be listed as institutional funds - when you see the word "institutional funds" - that is government monies, in most cases. So, when you have a supposed public corporation - say, 72% owned by composite government funds, I wouldn't call that a public corporation; I would say that's a government operation. Xerox is approximately 72% owned by composite government funds; AT&T is up around 42%, so on and so on... But the bottom line here is, when I learned this, this was a revelation that changed my life. Up until this point, when the comprehension finally dawned on me, prior to that, I always thought government was maybe 5% of the GNP of this country and this was a free-market economy, and I learned I was wrong. Basically, what the public has done here - I did this, you did this - we all have done this - we left the vault door open. In fact, 95% of the public would say, "Vault? What vault?" And those sharp little crackers said, "Thank you very much. Have a good day."
Now, the Comprehensive Annual Financial Report…, I brought…, this is from Missouri, there's a total press blackout of mentioning of the name of this report, - the Comprehensive Annual Financial Report. This is Missouri's of 1997. This is Ohio's cover page for 1998. I have the state of Utah's 1998; I also have Washington's and Maryland's figures. Also, this is from the state of Arizona, the state of Arizona retirement fund Comprehensive Annual Financial Report for 1998, which I will make some very interesting notations on. Now, the federal government…, this is the federal government Combined Financial Statement, the last page from the report, one notation . . . The federal government, in 1981, mandated that all local governments prepare a Comprehensive Annual Financial Report -every city, every county, every state, or, in the alternative, a Combined Financial Statement, if they did not prepare a Comprehensive Annual Financial Report.
The background on the Comprehensive Annual Financial Report: a group by the name of GFOA, Government Financial Officers Association, in 1946 created the Comprehensive Annual Financial Reporting accounting structure. I think the city of Manhattan produced one of the first ones in 1951, as a large entity. So, the Comprehensive Annual Financial Report has been around for quite a long time. There are 54,000 separate government corporations; cities, counties, school districts, authorities, that produce their own separate report - that's 54,000. You start looking at the composite totals of the revenue from 54,000 reports - the cities, the counties, the states - and you see the $60 trillion inclusive with federal government's revenue.Now, about five months ago I got a call from an individual by the name of Joe Long, who runs a group called Federation of New Jersey Tax Payers. He called me up on a Sunday morning. He goes, "Walter, we just got New Jersey's 1998 Comprehensive Annual Financial Report. They have $295 billion in liquid investment funds. Isn't that awful?" I said, "Joe, you're just looking at the state report. There's 21 counties, a couple hundred cities and municipalities, autonomous agencies - all separate reports. If you take the composite totals of the liquid investment funds, you're well in excess of $1.2 trillion. If you take the population of New Jersey and divide it into $1.2 trillion, that comes out to a cash allocation of $146,000 per man, woman and child living in the state or family of four (sic) [five], that equals seven hundred and some odd thousand dollars. The obfuscation of the wealth has been excessive.
But just one notation regarding the federal, because this is not just going on in local governments - you know, cities, counties and states. Federal government's playing the exact same game. And I've noticed a lot of people always point the finger at the federal government as the bad guys, but when you break down the actual revenue of the $60 trillion, two-thirds of it belongs to the local governments - the cities, counties and states - and one-third belongs to the federal government. Now, I'm going to try to do a close-up shot of this one page here. Okay, here we have the-this is the last page from the federal Combined Financial Statement. This is the appendix list of significant government entities included in the Combined Financial Statement. Now the majority of the items included, if we can scroll down the page here, can we get a close-up there?, now the majority that are included are agencies which most people are familiar with. We go to the back here - this is the final listing of agencies that are included - but the last column, down below, it -says "Significant entities excluded from these statements." (I think we're on that.) Now, they give honorary mention to the Federal Reserve Board of Governors and the Federal Reserve, which I think we all know by now are basically private. But then they list the Federal Retirement Thrift Investment Board, the Thrift Savings Plan, the Farm Credit System, the Federal Home Loan Banks, financing corporations, Freddie Mac, Fannie Mae, Sally Mae, Resolution Funding Corporation. These groups are the cash cow investment groups of government.
Now, also, I want to make special note to three items that are listed at the bottom. We have the Army and Air Force Exchange Service, the Navy Exchange Service Command, the Marine Corps Exchange. Folks, this is not the PX. We have funding operations for exchange of foreign troops to the U.S.- U.S. troops on the foreign soil, which they kept separate from the Combined Financial Statement of the -federal government so it wouldn't be so easily seen. But if we take the federal investment groups, the cash federal cow investment groups, and look at their revenue - and, very important, they have a phenomenal amount of revenue on loan, that's been loaned out there... if you take the accounts receivables and their current cash on hand, you come out to about a 16 trillion positive on the total operation.
So, here, even the federal government is taking their cost side - the expense side- leaving it on the Combined Financial Statement - they call that their budgetary basis - but they've separated the cash cow investment groups of federal government so that they don't show on the budgetary basis. So, currently, the federal government shows a slight deficit on budgetary basis, but the profit centers, which would show a $16 trillion positive, are excluded. Now, we started on national exposure about 18 months ago on the Comprehensive Annual Financial Report and the structure behind it, and I think that a few of you may have heard on the network news the feds saying, "Oh, by the way, we happened to find we're going to have a $6 trillion surplus going into the year 2004." They mentioned a surplus, a $6 trillion surplus? Keep in mind, that $6 trillion surplus is on the budgetary basis. They're not including the cash cow investment agencies. If they were being 100% honest, inclusive of all revenue, the federal government would have approximately a $12 to $14 trillion surplus. And, in fact, if they included the cash cow investment agencies in with the budgetary basis, they could probably have a 50% reduction across the board of all taxation, on the federal side. Something to think about.
Let's go back to the local governments. The states, the cities, and the counties, they have their budgetary basis, the annual operating budget but they have enterprise funds. In my little city of Prescott, Arizona, where I live, the city owns a golf course. Why does the city own a golf course? So the judges and the attorneys can get lower greens fees? Here is a $45 million dollar asset which is paid for by tax payer funds, developed, and not $1 goes back directly to support the budgetary basis. They have investment funds sitting as idle funds -- $48 million.
Now, with this much money out there, this phenomenal base of wealth, empires that are being built, it is mandatory to keep the public oblivious to what was going on. If the public was aware that this type of wealth was being built and obfuscated as tax dollars are being drained out of their pockets, where people are citing a shortfall of budgetary revenue, there would have been an uprising 30 years ago. But the government, to perpetuate this game, they needed the 100% cooperation of the syndicated media. That they have. You will not see ABC, NBC, saying, "Oh, by the way, we just happened to find out about the Comprehensive Annual Financial Report and we found out that the budgetary basis is this big (small noted) but the revenue shown on the Comprehensive Annual Financial Report is this big. (Large noted) You will not see that happen. They have been in cooperative nondisclosure for 25 years. That's why the situation has taken place.
It's mandatory to get the word out. It's mandatory to have your local radio show, your local TV show…, call in, mention the Comprehensive Annual Financial Report. Depending upon what city, what county, what state you're looking at the ratio of the budgetary basis, the annual service budget, to the reality of the total wealth, usually ranges from a percentage of 8:1 to as high as 40:1. That comparison between the budgetary basis and the reality of the wealth. It's not. Right.
In retrospect with what I've learned, it reminded me of something I was taught in grade school. I remember back in fifth grade, sixth grade, seventh grade, I'd hear a lot about Russia, and how the control Russia had over the public was bad. Well, when you look at the financial takeover of the wealth by composite government in this country, it dwarfs the control Russia had, in comparison, based on that financial control. In fact, did you ever wonder why Gorbachev went democratic? He looked and he said, "Hey, the boys in the United States have more control than we do, and they're making ten times as much." A federal auditor of 30 years, I briefed him eight months ago. He was in charge of auditing one of the largest federal agencies in the country and also eight of the central western states prior to his retirement. He was always looking at individual budget reports, the individual leaves, branches and trees in the forest. And I briefed him on the composite totals. Floored him! He looked, he verified, and three months later he made the comment to me. He goes, "Walter, what we have here in this country is 100% Communism under the guise of a free market capitalist system." He goes, "The government owns everything." Now, the public is constantly complaining about higher taxes, higher taxes, more money being taken for this, for that. And they're conditioned - year in, year out. We had the Boston Tea Party--I think it was for a 3% tax on tea, caused the revolution. Here we've been conditioned to 45% of our pay going back to government. And when you look at all aspects of what the government's getting - export tax, import tax, duties on manufacturing, the composite total is phenomenal on the money that's taken by government. The principle of operation in this country is, the boys running this structure - they keep the chipmunk running on the treadmill chasing the carrot as through trickle-down economics they provide just enough revenue to keep that chipmunk running at optimum proficiency as they tap off 80% of the energy produced. This is not right. The country was established for the public to rule in this country - for prosperity, for our families, education, the whole nine yards. If you see the country going down the tubes, it's strictly due to the factor that we have greed taking place on an unprecedented level in all levels of city, county, state government and federal government. Empire- building, power mongering. When you start breaking down the figures, using fifth-grade addition skills, just knowing where to look, adding up the composite totals & endash;as I mentioned there's 54,000 local governments, separate reports, separate corporations, school districts, cities, counties, states, autonomous agencies - 54,000; the totals of that revenue is phenomenal.
I have the summary from the state of Washington, I'll just use for an example - I'm not picking on Washington. But Washington state, on the statistical section which is in the back of the Comprehensive Annual Financial Report, it shows a ten-year demographics of revenue taken in, population growth, the whole nine yards. Retail sales, the top employers, Washington state, in the course of a ten-year period of time, there was a 100% growth in government. During the same ten-year period of time government took 115% more revenue. The revenue over doubled in ten years in what they're taking from the public. You have a runaway freight train. As I mentioned, the public left the vault door open. And the sharp little crackers said, "'Thank you very much." On the government pension funds - city, county, state, federal - they're standing at about $28 trillion-$28 trillion. The private sector will never see $28 trillion in their lifetime. I go back to that word "Russia" and "Communism" under the guise of a free-market capitalist system. The figures are there. We're not talking about any gray area; there's no speculation here. This is outright their figures. This is a massive operation-it's a multi-trillion dollar organized syndicate of composite government wealth. They needed to keep their own accounting of their own structure - the Comprehensive Annual Financial Report was their accounting. The Comprehensive Annual Financial Report showed the wealth. And the reason it was never mentioned to the public was it did show the wealth. Let's take a break for right now and we'll get back into this in a minute. ******************************** Welcome back. Previously, I had mentioned the state of Washington and the growth of 115% on the revenue taken. I've had people look at their Comprehensive Annual Financial Reports, and they'll say, "Well, the figures are all here. It's all here. They account for everything. Here's the billions of dollars." I said, "You're seeing the billions of dollars that you never saw before in your lifetime. You're now seeing them for the first time, you now realize the scope of the billions."
I want to show you one other point. Now, I'm going back to the chart, this is from Washington's Comprehensive Annual Financial Report 1998, it gives a ten-year demographics of the revenue taken in a ten-year period. I think you should be able to see these figures. This starts in 1989. This is in millions of dollars. The total taken by the state from the public was $9,514,000,000. Now, as we go through the years, 1990, 91, 92, over to 1998 - the total revenue now taken was $18,008,000,000. So, we went from 9 billion to 18 billion, in a course of ten years. That's 100% growth!! This is ludicrous!!! The population growth in the state of Washington was approximately 8 percent during the same time period. And by the way, that is total revenue taken - the budgetary basis for the same period went from $6 billion to approximately $10,900,000,000 in the same period of time. That's the budgetary basis, but the total revenue taken is $18 billion. So it's a $6 billion disparity between the budgetary basis.
So we're not just talking the extent today of how much money government has taken from the public and the decades of wealth that's been building. We're talking also about the runaway freight train of growth on the city level, the county level, the state level. If you go back 25 years ago, government was approximately 6 to 8 percent of the GNP of this country, gross national product total revenue base. Currently, today, composite government - city, county, state and federal - it's 48% of the GNP based on cash and ownership. This is not right. We fell asleep at the wheel. We allowed it to happen. You have to realize this is the largest organized syndicate - a multi-trillion dollar organized syndicate - with thousands of facets that spends billions, billions of dollars, to make sure the public is looking off in right field as they conduct business as usual in left field. You'll see the orchestration in the media on different events which keep the public spinning their wheels over here as the boys are making their billions of dollars over here. They laugh their asses off on the way to the bank every single day. They're becoming wealthy, empires are being built. When you look at the $60 trillion in liquid investment funds, the composite totals - the billions...
Let's look at the state of California, with approximately $12 trillion under management. Now, under the Comprehensive Annual Financial Report you'll see about, oh, a total of maximum of about $3 trillion. But when you start tracking down the cities, the counties, all the revenue base, you're up to about $12 trillion. Now, in California, say, for example, one of the investment managers who is handling, say, $400 billion in funds, and he had, say, $150 billion -with Shearson Lehman Hutton American Express institutional banking. That's a very powerful position. If that individual contacts the director of the institutional banking, and said his brother in Argentina needed a $120 million loan in Argentina for a sugar cane energy development project, unsecured, do you think he's going to say NO? I don't think so. He'll have one of his associates from another company that he deals with closely cut the loan. If it's defaulted on he'll just make up the difference on some business he'll do with that firm.The power mongering and the elbow rubbing that takes place here is obscene! And it's not just one group, one organization, doing it, it's the principle of operation. Since we started our national disclosure 18 months ago I've had thousands of phone calls from people all over the country. I'll get a call from New York, "Walter, I just got the New York through-way Comprehensive Annual Financial Report. They had $31 billion in liquid investment funds and -they're still charging us." I'll say, "Don't worry about it."…I'll get. a call from Anchorage, Alaska, "Walter, I just got our Comprehensive Annual Financial Report for our city. They're making $100 million more a year than they're showing on their budget report." I'll say, "Don't worry about it." I said, "Stop focusing in on a leaf, branch or tree in the forest. Start focusing in on the forest; understand the principle of operation of the forest. There are ten thousand of these operations going on all over the country." I said, "If you're going to apply your efforts, apply your efforts to change the principle of operation of the forest, which will affect every leaf, branch and tree in the forest. " That's the bottom line here, folks. We're not talking any gray areas; there's no speculation here. This is black and white. You know, the public has been complaining for the last 25 years. Every problem I've seen in this country to date has to do with extortion of revenue from the public. Period. It is the root of evil in this country - the wealth being taken from the populace. And one of the problems here is, a lot of people have been looking for the needle in the haystack, trying to find government corruption and wealth being stolen from us. Well, we're not looking for the needle in the haystack here, folks. It's the haystack sitting on top of the needle. All you have to do is look and start adding up the composite figures. Stop being distracted by one leaf or branch or tree in the forest. Start qualifying the forest. And when you do you'll see the clear and unequivocal financial takeover of the wealth of this country by composite government, right from the city level to the state to the federal level. It's power mongering it's empire building. The boys that are in there on the inner circle; the wealth is absolute. Now, I'll give you a few examples going back into New Jersey from ten years ago when I got New Jersey's Comprehensive Annual Financial Report. It listed the state universities and colleges, and gave a composite total for all. I noticed right off the bat they had $8.5 billion in liquid investment funds - this is 1989. It also showed they made a $1.1 billion profit on their investment funds for the year. My next question to myself was, "I wonder what the total tuitions are for all students attending colleges and universities in the state." Total tuition base was $644 million. I said right off the bat, "Hey, they made a $1.1 billion profit and total tuitions are $644 million. They could have sent all students to school for free for the year and paid them to go to school." In reality, what they did that year was sighting a shortfall of budgetary revenue, they had a 7% tuition increase. The game is absolute, and we're talking there is so much money behind the game, and you have the participation of the syndicated media in the game, the public really has not stood a chance. The only way the public stands a chance is through full and open disclosure of the wealth - not being distracted, just sitting down crunching numbers. Not looking at one leaf, or branch or tree in the forest, start looking at the forest, adding up the totals, and it becomes evidently clear. Corrective action is needed and is needed immediately. With the scope of the financial takeover that is in existence today, they're consolidating that ownership. Within several years you'll have composite government owning 85% of the wealth in this country. And at that point in time the public may just become a liability - they don't need them anymore. So, it's very important that the public starts taking a serious look at what's going on.
I'm going to go into two other points here. I'll give you an example from Edgefield County, South (sic) [North] Carolina. I briefed a doctorate in economics, she wrote for a little paper in Edgefield County called the Edgefield County Advertiser. She got a hold of the Comprehensive Annual Financial Reports for the state, the county, and the city and ran into a few obstacles trying to get them. They don't like to give them out in some cases. But she noticed that their school district - Edgefield County School District - participated in the local government investment pool. So, she requested from the state ... you know, it showed where to request the financial report from the local government investment pool, and it showed that Edgefield County School District had $36 million invested in the pool. Now, this is a school district, which was rather poor and had several tax increases over the last couple of years, citing a shortfall of budgetary revenue. She approached the county school commissioners, saying, "What are you doing investing millions in the market?" The school commissioner said, "We don't invest in any ... the market. We don't have any monies invested. You have to be mistaken." She then produced the financial report. His next response was, "Well, this is our account for paying salaries and expenses for the year." She goes "Okay." She produced the prior year's report, which showed they had approximately $29 million invested in the local government investment pool. Now there were additions and withdrawals, the principle never changed, and now it jumps up to $36 million - close to a $7 million profit for the year. The money that's involved here is, on the broad spectrum, it’s one big game. The politicians will lie straight to your face.
As I mentioned earlier, when I found out about New Jersey's report I found out that it was sent to every editor of every paper - had been for 14 years. It was back in 1990 I was checking. It was sent to ABC, CBS, and NBC. When we started on national disclosure...I've participated in about 60 radio programs, probably reached about 25 million people across the country in the last 18 months. I requested that everyone send a certified letter to their editors and producers of their news shows asking, requesting that simple and conspicuous mention of the Comprehensive Annual Financial Report be made. All have refused. Now, the cutest response I got back was from someone in California, I think around Bakersfield. The editor replied, "We've received your request." Now keep in mind what was being asked was to make simple and conspicuous mention of the Comprehensive Annual Financial Report. He said, "We've received your request. We do not have the staff or the resources to report on a story of this magnitude. So your request is declined." I thought that was real cute.
Now, everybody remembers Orange County. Years ago Orange County, on their management funds, they got burnt playing with derivatives, such as options, calls, puts, features, they lost a little bit over a billion dollars. And they were crying, "Bankruptcy! Bankruptcy! We have to shut down! Stop all operations! Close the parks. Fire the police officers." Well, someone stumbled across their Comprehensive Annual Financial Report, which just happened to show that they had $16 billion in profitable investments. Well, all of a sudden Orange County left the news, they never went into bankruptcy. In fact, Orange County created a situation where they drew light to the reality of the investment finds, and they created liability for every other city, county and state across the country by bringing light to their loss and the investment funds. So, corrective action was taken after Orange County to make sure no one else ran into the same situation because…
I think everyone's heard of Lucky Luciano from back in the Twenties and the Thirties. There was something called Luciano's Law. Lucky Luciano was the banker for the syndicates - he moved the money between New York, Los Angeles, Chicago, Miami. And Luciano's Law was once you're suspected you're out of business. Anyone who spoke Luciano's name regarding a transaction disappeared. Luciano died of old age - never got indicted, he got deported from the country, but never had a problem otherthan that.
Government's been operating under the same principle of operation. If we're not suspected, we can continue business as usual. They have fronted up the budgetary basis to the public - continually, budget, budget, budget, shortfall of budgetary revenue. As per the example I gave earlier the difference between your budget for operating your house and your salary, there's a substantial difference. And when you break down the Comprehensive Annual Financial Reports, as I mentioned, the ratio comes out 8:1 to as high as 40:1 in comparison between the budget and the total revenues that are held by that government body. The examples I've given here - whether it be New Jersey, Missouri, Washington - they apply to every state, every city, every county, some more, some less. I had a few notations here from Maryland. This is out of Maryland's 1998 Comprehensive Annual Financial Report. The…let's see here, Pension assets were about $31 billion total contributions were $814 million, total investments returned was $3.7 billion; they'd increased $3.5 billion. Okay, here we go. Total government wages in the state of Maryland; and by the way, on the Comprehensive Annual Financial Reports, they started making a change. They used to list the top employers, in the state, and it always was the state, the cities, the counties. Usually, government was 7 of the top 8 employers. They've now changed their statistical section to the top private employers. But if you pull one of the old Comprehensive Annual Financial Reports, which, by the way, have been sent to your local library. You'll find back issues going back 15-20 years. The game here was not making the Report not available, the game was never mentioning the report no one knew to look for it. So, the game continued. But, total wages for the year paid in Maryland, to government employees, was $15 billion, 349 million. Total private sector wages were $55 billion. Okay? Total manufacturing was about $6 billion in Maryland. What this is saying is for every 4 people in the private sector working in Maryland, they are paying the salary of one government employee. It's not right. The growth is ridiculous. It's runaway growth. It's a very serious situation -something needs to be done about it. Disclosure is the key factor. If you go to your editor - in fact, actually, for your state, confirm that the editor of your paper has been receiving the reports for 10-15 years. And when you go to him ask him if he's heard about it. If he says to you, "Never heard of it. I guess I'll have to look into it," you'll know he's lying straight to your face after you've confirmed in advance that he's been receiving it. Require, require these characters to make immediate simple and conspicuous mention. Require these characters to give the difference between the budgetary basis and the total investment wealth in what's held by governments. Require it. This is no game, folks. We've had our heritage stolen from us right under our noses. As I mentioned, if you go back 25 years ago government was about 6-8 percent of the GNP; currently, we're standing at over 48%, and that's a conservative figure. That's a phenomenal amount of wealth. We have the largest orchestrated syndicate on the face of the planet, which is composite government wealth. A little notation. This is supposed to be a country of laws, correct? Law is supposed to protect people of this country, correct? Well, when I got New Jersey's report, it had the pension plans listed. I didn't understand pensions or the actuarial basis used. One of our Volunteers for Hands Across New Jersey, he wrote the pension funds for Blue Cross/Blue Shield nationally. I gave him the book, and I asked him to break down the pension funds and compare them to a Fortune 500 company. He told me it would take him about two weeks. Two weeks later I check back and I say, "Well, what have you got?" He goes, "Well, on a scale from I to 10, with the Johnson & Johnson being a 5, all of New Jersey pensions came in at a 7, excluding the judicial branch." He said the judicial branch was the millionaire boys' retirement club. Every state judge in New Jersey was guaranteed $5 million after serving one year tenure. In other words, they didn't have to work five years, ten years, fifteen years, twenty years to get their pension. All they had to do was their tenure - one year and they got their full benefit package, which was excessive. Now, district ... let's go to federal. District court judges, how many of you out there think that district court judges have a pension or retirement fund? I guess you would assume they have a pension or retirement fund. Well, they don't. District court judges are appointed for life. They get their full paycheck for life and benefits for life. And, in fact, two years ago they just took the action that when they die they can assign their full paycheck and benefits for the life of their surviving spouse or dependent relative. Now, that's a sweet deal.
The game is absolute. You know, we don't have the Joe Six-Pack crowd. here watching TV, betting on the football game, "Hey, five dollars on Dallas." We have the sharpest crowd, sharpest crackers on the face of the planet that are running one of the most sophisticated structures on the face of the planet - composite U.S. government - that is drawing in trillions and trillions and trillions of dollars. And it has turned into a parasitic situation. The blood that's being drawn off the host ... if you look at the public as, being the host for the parasite, the parasite is now substantially bigger than the host. That's a serious problem, folks. Anyone have any Raid? I think we're going to need it. But, the bottom line is disclosure. Yeah, the public has this phenomenal growth on its back, and the majority of the public, they keep saying to themselves, "Is there something wrong here? Why are things not right? Why are things going to hell in a handbag?" The problem is these guys are getting paid hundreds of thousands of dollars each - millions, in some cases. They have phenomenal backing to do it - to perpetuate the game. The public is struggling to get by.
The runaway growth is rampant. Doesn't... whatever city you look at, whatever county, whatever state, the average has been a 100% growth each ten-year period. Yeah, we're closer to where Russia wanted to be than Russia ever got. And, you know, we have to make the decision right now in our lives, a commitment to ourselves. This is not right. We have to take corrective action. We have to change this immediately. We only have one advantage, folks--one advantage only. As I mentioned, this is a $60 trillion organized syndicate with thousands of facets behind it. The judiciary is controlled, the finances are controlled, and the wealth is controlled. We have one advantage. And the only advantage we have is we outnumber the boys running the structure, about 400: 1. This happens to be our country. What has developed is wrong. We fell asleep at the wheel; we have to correct it. In Part Two of this program, we'll be discussing what I call a CITA: Citizens Investment Trust Account, which can be implemented by initiative across this country. What the CITA is, is it's an organization started by the tax payers. They will have approximately two to three CFAS, Certified Financial Auditors, which (sic) will examine the books - city, county, state, as will be applicable to those residents in that city, county and state to identify surplus funds, venture projects - which, no way government should be involved in but the private sector should be handling, which the CITA would recommend for sale. The CITA, upon identifying and recommending for re-appropriation of the surplus revenue, and also sale of different venture projects like golf courses and different other items which cities and counties now own. The revenue that builds up in the CITA has one exclusive principle of operation. That exclusive principle of operation ... it's set up as a…basically an annuity pension fund for the resident tax payer. From the interest and dividend yield that's accomplished, it is to satisfy the budgetary requirements of that city, county or state. I'll use an example of my little hometown in Prescott, Arizona. I had a couple of federal auditors go over the books; they identified $200 million on a cursory review, first glance. The city's operating budget's $17 million a year, the ... if you include the school districts, comes out to $34 million a year. The current rate of return 16-17% on pension investment funds. On $200 million that's $30 million at 15%. There goes the budgetary basis. In fact, the $34 million they are collecting, $30 million of that becomes surplus revenue for redeposit back into the CITA. They can eliminate the majority of all taxation and still have a surplus, which is returned to the resident property owners as an annuity dividend check. Because it's set up for their benefit. Now, folks, what we're talking about here is not cutting back on a tax increase. What we're talking about is changing the principle of operation, of government - where, from the existing liquid investment funds that have built up over the decades, the wealth projects that government's operating right now, combining the operation as a whole where the revenue that is ... you know, the surplus revenue, the revenue that can be re-appropriated into the CITA - that fund, the CITA fund, just from the interest and dividend return on that fund, can satisfy the budgetary requirements, thus eliminating all taxation for that city, that county, that state. [ In effect, an annuity pension fund for the resident property / taxpayer having the ability to phase out all forced taxation and upon prudent financial management, provide a dividend return on top of no forced taxation] Also, we can recommend downsizing of government to get it back into an appropriate proportion to private sector versus government. We have a chance here to change this country immediately through effective action and disclosure. We're up against a very powerful structure [syndicate]. The arrogance factor behind that structure is absolute. The top individuals running this structure on the investment side, the brokerage side, the banking side, they have egos the size of the World Trade Center. They have accomplished their objective, they have the control. But the public does own this country. Through effective action and unified force between the public we can correct this in a very short period of time. The structure has built up over 65 years and can be reversed in three to four years. And if the public unifies across the country it can be done on an effective level where we can eliminate taxation in this country for all time to come and create a situation where a dividend return comes back to the public.Welcome to Program Two of The Biggest Game In Town. The prior program ... on Program One we discussed the Comprehensive Annual Financial Report and the structure behind it. That structure shows the clear and unequivocal financial takeover of the wealth of this country by composite government. On the local side, cities, counties, state and federal, 54,000 separate individual government corporate entities filing separate reports with investment wealth, enterprise funds, venture projects, well beyond the scope of the public's knowledge and comprehension. We're going to bring it within the scope of the public's knowledge and comprehension for effective change. The ... we left off ... on Program One ... if you have not gotten Program One I highly recommend calling the station and getting a copy. There's a lot of information contained therein, so you'll be able to appreciate Program Two and Program Three. At the end of Program One, we ran a little short on time, and I wanted to bring up one point. It had to do with the pension funds within government. This is for all of those government employees out there who are about to find out there's a good chance they're getting severely shortchanged. It's not just the public, friends. The same is happening to your government employees.
Now, in my hand . . . I'm from Arizona, Prescott Arizona. This is a copy of the state retirement Comprehensive Annual Financial Report for the state of Arizona, 1998. The state of Arizona, under the state retirement fund, has 175,000 participants, retired and active. Using the highest actuarial basis possible to determine 100% funding for all participants required, approximately, based on current standards, about $14.5 billion dollars. Now, I have a page from the report, page 42 - I'm going to put it up, I think you should be able to see this. Now we're going to page 42 here, on camera 3. Now ... right here, it says the ... lets see here ... this is for the total actuarial accrued liability; and what total actuarial accrued liability means is what is required - the money required - for 100% funding of all participants, in the fund. That figure is $13 billion, 63 8 million. With $13 billion, 638 million, this funds 100% of all 175,000 participants in the fund. Now I have a separate page from this report, this is page 15, from the Arizona state retirement Comprehensive Annual Financial Report. The total assets of the fund, at the end of June 30th 1997, is $20 billion, 353 million. Now as I mentioned, the total accrued, actuarial accrued liability, was about $13-1/2 billion and they're sitting with $20 billion, 353 million. Now the current report, the current figures, I've called to verify the standing of the fund, the current actuarial accrued liability is approximately $14.5 billion now. The fund's balance, after getting a 16.65% rate of return for the year, is standing up close to about $28 billion - with contributions and returns into the fund. Allowing for a 125% funding of all employees - 100% funding of their pensions, they're $9 billion over funded; in other words, the Arizona retirement fund is reaching 200% funding. There is not one city, county or state statute that even addresses the return of surpluses back to the employee or the employer - the cities, the counties, the school districts, the state agencies. Legislature showed their culpability two years ago on these surpluses. With these types of surpluses in the pension funds, there was no requirement for any payment from the employees or the employers. In fact, they should have been getting substantial refund checks back. What the legislature did was they passed their own internal statute mandating to participate in the fund a minimum payment of 2.18% for the employee and the employer, as a separate statute. They don't want to return those billions. When you break down within the report where those monies are invested, there's what I call "the blue list" of stocks and investments, things we all know and you can recognize easily. Then there's what I call "the red list," things I've never heard of before. I'd be very interested to find out what judge, what attorney, what congressman, what senator, what county supervisor, is behind some of those investments, who is the shell owner of some of those investments and how many of those investments are actually real corporations providing goods, products and services and how many are shell corporations. It'd be very interesting to find out.
But the administrator of the fund, I chatted with him a few months ago and I brought up the point on allowing for 125% funding of the employees' pensions that freed up $9 billion. You cannot return $9 billion in investments through liquidation without causing a major catastrophe. Because if Arizona liquidated $9 billion from the pension funds for return to the employees and the employers, every other state with substantial surpluses, in theirs, would say, "Oh, my God. Arizona's moving openly, we'd better liquidate our funds, you know, while we still have a chance," and you could create a 1929 scenario crash; everybody moves at the same time I said there was a very easy solution. For the government employee, based on his pro-rata share participation in the fund, he is issued an individual IRA account as his refund. Nothing's liquidated, nothing sold, paper transfer, total order, no problem. For the city, the county, the school district, the state agency, based on their pro-rata share and participation in the fund, they're issued an individual market annuity account as a refund. Nothing's liquidated, paper transfer, same management, no problem. Now, the interesting point is, on the refund - just from this one account, one fund - the state of Arizona retirement fund, just on the surpluses, back to the employees and the employers, that's $4.5 billion back to the employees, $4.5 billion back to the employers, and they're still 125% funded. I asked the administrator "Could it be done?" He goes, "Sure, if there was a law addressing it, we could easily do it." And the rightful beneficiaries from this one fund, being that it's a retirement fund, would be the employees and the employers. But the refund back to the cities, and the counties, and the school districts, just from that refund, the return… as I mentioned, they accomplished a 16.65% rate of return this year, that's been roughly their average for the last four years ... the return for the cities and the counties and the school districts just so happens to equal about 15-20% of their operating budgets for the year. Anyone sense a tax reduction here? I mentioned at the end of Program One the CITA, Citizens Investment Trust Account. We covered the points extensively as to the composite totals of the government revenue- city, county- state, and federal - equaling about $60 trillion in revenue. There is no national debt - there is no debt, as we know it. They have a debt under their budgetary basis, their annual operating budget. And the example I used during Program One was if you had a budget for operating your house of $20,000 a year but you were bringing in $100,000 a year on your salary, you could spend $21,000 on your budget and you'd have a $ 1000 deficit. [Your liquid net worth under this example over your $100,000 annual income could be 1.5 million] The same applies here. When you look at the budgetary basis of a city, a county, and a state, and then look at their total investment net worth, total enterprise projects, toll ways, bridges, different venture projects they've started which are generating substantial revenue, if you look at the whole picture there is no real deficit From the liquid investment assets they could wipe any deficit instantly, if they chose to do so. But on the CITA, the Citizens Investment Trust Account, I'd like to cover that in depth. The CITA is established by the resident property owner, tax payer, for your city, your county, your state. The CITA is initially formatted with the use of CFAs, Certified Financial Auditors, who examine the books - city, county, state - as would be applicable to the residents of that city, county or state, to identify surplus revenues and projects being operated by government which should be operated by the private sector - golf courses, whatever, places where government has started venture projects which no way should they have their hands on, that should be sold back to the private sector. The CITA recommends for re-appropriation of the surplus funds, which were identified, into the CITA. It recommends for the sale of venture projects, their assets, which should be sold back into the private sector, for that revenue to be deposited into the CITA. The CITA recommends for the downsizing of that government, city, county or state. As I brought up in Program One, each ten years, it's been about a 100% growth in government on the city, county, state level-in general, across the country. The CITA can have a phenomenal amount of revenue built into it in a very short period of time.I use the example of my hometown of Prescott, Arizona. A CFA identified $200 million in surplus funds in a cursory review. The city's annual operating budget was $17 million; the school district's included, that came out to $34 million. $200 million on deposit with the CITA, generating 15% return, equals $30 million. That eats up the budgetary basis. In fact, the city's still collecting $34 million to support their operations, which makes the majority of the funds at that time surplus revenue for redeposit back into the CITA- You can eliminate taxation at that point in time, in most areas, and there's still a surplus in the CITA. And being that the CITA is established as an annuity pension fund for the tax payer, when it has a surplus, the resident tax payer gets a dividend check -on top of no taxation. It's the way it should have been 200 years ago. And it's possible to happen right now through disclosure and effective action by the public. I think we're all tired of having the people building their empires from within their city, their county, the state, or the federal government, imposing their will for more money, more revenue from us. [And control over us] The one thing I'd like to bring up to make myself perfectly clear. Most people are familiar with taxation, ok, sales tax, property tax, you know, taxation. When you break down government structure and you look at where the revenue is coming from, alright, especially the money on the investment returns on the decades of wealth that have been building up in different areas, which the public, in most cases, is totally oblivious to but they can see if they look. When you look at the entire structure, taxation, including on the federal level, is approximately 30-35%, in some cases 40%, of the income for that government body. They are bringing in the majority, at this point in time, they are bringing in the majority of the revenue, not from taxable sources, from taxation, they're bringing in the majority of the revenue from returns on investment funds, from enterprise projects such as toll ways, roadways, bridge ways, financial authorities. I've noticed in many of the states, I saw this first in Missouri; they have the Missouri Finance Authority, the Arkansas Financial Development Authority. We have at this point in time, states creating these financial authorities where the cities, the counties, other state agencies, can invest with these financial authorities their surplus revenue, their investment funds. And these financial authorities, when they have the bond issuance for the school district, the new roadway, the county jail, and they have a bond issuance, most of the public would think that bond issuance is being funded by the public. Wrong! The state's are using their own investment funds, your monies, to fund their own bond issuances, locking the public, under irrevocable trust, for repayment of those bonds. Thus, the state is securing their own return on their own investment funds, your money, through putting you in debt.
It's a big wake-up call. The game is going on unabridged. I mean, the whole point here…you know, they operate with immunity due to the factor that the public is not looking. If the public looks and sees the scope of the revenue, where it's held, where it's built for years, you start seeing how the game is played. School districts ... you know, look very closely ... if you look at your Comprehensive Annual Financial Report for the state, most states have a local government investment pool and a list . . . you know, get the report for the local government investment pool, and you'll probably see your school district, your city, your county participating. I gave an example, Edgefield county, North Carolina, school district was crying poverty, and someone dug into it and found out they had $36 million invested in the local government investment pool. Initially, they denied it, then they tried to justify it by saying it was an expense account. Then, finally, the truth came out. They had shuffled away $36 million off the budgetary basis, it was an idle fund account. The public had no idea. And North Carolina also showed a total participation of about $1.1 billion from other government entities within the state.
But, back to the pension funds. You know, just on this one account, $9 billion being freed up. $4.5 billion back to the government employee. In fact, on the individual IRA accounts returned to the individual government employee, it's substantially larger than their guaranteed pension fund. In other words, from the surpluses that exist right there in that one account, they would get a refund back substantially larger than their entire benefit package. That should catch the car of every government employee out there.
Now, I'm using Arizona as an example. I've looked at some states and they're just ... you know, supposed to be at 100% funding on their pensions, some are at 140%, some are at 160%. But you have to look. As I mentioned, in Arizona, there's not one city, county or state statute that even addresses the return of these surpluses back to the employer or the employee. You have to make it happen. On the CITA account, we have the ability here, folks, to change the course of this country, to make the public the beneficiary of the wealth. It's been a runaway freight train. We all complain, we all.... you know, have our heartache stories about too much money being taken from us, from the city, from the county, from the state, from federal government. We have been conditioned - psychologically conditioned - to accepting it. We've been given the term "the budget report," "the budget . . . shortfall of budget," "we need to have money for this, money for that." There's no difference here.
I'll use this one example. If everyone watching this show ... say, for example, we had a 12- and a 13-year-old boy. And we gave them carte blanche to write their own allowance check each week. And we made $1200 a week. In a very short period of time, they're going to be cutting a check for $1000 a week. Now, if we said we're going to cut them back to back to $800 a week, that 13- and 12-year old are going to scream, they're going to holler, they're going to kick; they're going to use whatever logic possible to them to justify how a 12- and a 13-year-old boy could not survive off of $800 a week. There's no difference here. We just have bigger boys and smarter players.
When you examine the records - any state, any city, any county - you'll see the growth, the runaway growth, of government. It averages out to almost 100% growth, they double in size over every ten-year period of time. [ Arizona State Government, 1984 to 1999, in 15 years had a 1000% increase of annual revenue income] It's not right. You look at the a… the scope of government 25 years ago was about 6-8% of the GNP. Currently, it stands at about 48%. It's not right. It's money out of our pockets. It's creating a power base, multi-trillion dollar power base, which is totally contrary to the constitution of this country, the best interests of the public. Its sole motivation is to perpetuate its own wealth and power mongering and -control of the populace. Now, the composite government wealth that has been obtained, right now, by the cities, the counties and the states, as I mentioned in the last program, international stock ownership is at about $32 trillion, which is over 53% ownership of all issued stocks from all exchanges. Government has' become the market place. If you follow the hype on investing in the market and so forth and follow the news - CNN and FNN and…and you bounce in and out of the market and find yourself losing $10,000-$20,000, well, guess who your opponent is? Your opponent is the government, the composite government funds. They're not just liquidating your revenue through taxation, through toll ways, through insurance company equity participation, they're liquidating your money through participation in the stock market. When you break down the numbers it's there. There is no gray area here; there's no speculation. Anyone with fifth-grade addition skills can start compiling the figures and see the unequivocal financial take over of the wealth. And we're at a crossroads here in this country. We left the vault door open. The sharp little crackers said, "Thank you very much." We fell asleep at the wheel. We listened to the propaganda from the syndicated media, which is in 100% partnership with composite government. If you break down the revenue that's brought in from ABC, CBS, NBC, from composite government sources - city, county, state and federal, from the so-called public corporations, which the government owns over 51% open interest of those corporations and they can exercise their proxy votes for direction to media campaigns. The syndicated media is getting a phenomenal amount of the revenue from composite government sources.
Now, back in New Jersey, when I found out about this and I saw the cooperative efforts, this being ten years ago, I saw the cooperative effort from the syndicated media for nondisclosure on mentioning the Comprehensive Annual Financial Report or mentioning the difference between the budgetary basis and the cash gross receipts and the investments. They would never mention that.
Jim Florio, who was elected governor, when he was elected, he appointed 14 editors and reporters with directorships inside state government. The individual they pitted against myself at that time was an individual by the name of Harvey Fisher, who, prior to the Florio campaign, was one of the top Bergen Record reporters. Now, Harvey was appointed as the assistant treasurer of the state of New Jersey. And, by the way, Harvey had no formal financial training whatsoever and he is now the assistant treasurer. This kind of cued me. I started looking. Harvey was making $35,000 a year as a reporter, as assistant treasurer he's making $65,000 a year. I said, "Well, that's not too big of a difference." I said, "I wonder what his expense account is?" He had a $125,000 carte blanche expense account of discretionary funds, tax-free. I said, "That makes a big difference." My father used to work for the Department of the Treasury as director of personnel for four years. That's in charge of all agencies and departments within state government. I knew within the Personnel department, they had a data search department run by four individuals, which tied all agencies and departments together under Personnel. All resumes are key inputted into the data bank for keyword searches. I called up one of the four individuals. He was cooperative. I asked him to do a keyword search on all directorships and key-level supervisor positions on how many were ex- editors and reporters in their past. He told me I'd have the report by 2:00 the following day. I called back and said, "What have you got?" He came up with a data bank of about 3400 names, as far as total supervisory and directorship positions. Out of that, I think it was 1783 were ex-editors and reporters. The fix is in deep. There's a lot of money here.ack to New Jersey. Ten years ago when I saw New Jersey's report I noticed it said $14 billion in insurance company equity participation. I said to myself, "What is insurance company equity participation?" I started looking. Found out the federal government, back about 25 years ago, close to it, mandated that the insurance companies, had to create a major catastrophe fund, in the event of natural disaster, large hurricane hit the East coast-wiped out a couple hundred thousand homes, a million or two automobiles; a big earthquake hits California, same scenario; they wanted to make sure that they were covered. Well, this equated to trillions of dollars, which the insurance companies did not have at the time. The federal government gave them ten years to implement the program. At the end of the ten years, 94% of the revenue requirement was satisfied by state and federal investment funds…and when you look at the records, was mostly a 2.4-2.6% interest, well below prime, they invested their monies. Now, what this means to the public in real term…let's use automobile insurance. Auto comes under the major catastrophe fund, as I mentioned, large hurricane hit the east coast, wipes out hundreds of thousands of automobiles; big earthquake hits California, same scenario. I'll use Arizona as an example. In Arizona, the minimum coverage is $30,000. And, based on the major catastrophe fund rules, one-third of the value of the policy, the face value, has to be left on deposit. So, one-third of $30,000 is $10,000. That money being provided by state and federal investment funds, say at 5% interest for easy accounting that equates to a $500-a-year return. Now, my auto insurance premium is $658 a year. Under this example, the insurance company is only getting $158; the government is getting $500, on the return. Did you ever wonder why they make it mandatory insurance, state by state, and enforce it by armed force? Every state with mandatory insurance is opening up a phenomenal investment pool for the state and federal investment funds. Now, I took this a step further. I called the Division of Motor Vehicles in Phoenix to find out the total number of registered vehicles, both commercial and noncommercial in the state. To be registered it required insurance, mandatory insurance state. I then called the insurance company data banks to find out the total liability claims paid by all insurance companies operating in the state of Arizona. I then took that figure, added on a 35% markup to allow for a profit margin in operating costs. For a paper company that's pretty good. I then took the total number of registered vehicles, divided it by (sic) (into) that number. The average annual insurance premium, using that…those figures, came out to being $126 per year. Got the picture?
Government has been getting into every aspect of taking money. The public's familiar with taxation, taxation is actually turning into a very small portion of government's take. Investment funds are their primary vehicle for revenue generation at this point in time, taxation's secondary. You have to start tracking down these investment funds. The next time you hear, "Well, we're going to have to shut the school down, it's got holes in its roof, we need to raise taxes for a million dollars," or "the police are under funded, we're gonna have to let half of 'em go," pop up with "Oh, by the way, they said they had to shut down the school, well, I see they have $42 million here in the local government investment pool. Why are you not using this?" Now, Jesse Ventura, when he was mayor of... a... I think it was Menlo [Brooklyn] Park, the city wanted to have a tax increase of $260,000, a small increase, for the school districts. They said they were at a short fall of money. He looked and saw a $48 million investment fund sitting there, listed as idle funds, so he goes, "Here, take it from here." And he was the first person to openly admit as to the difference between the budgetary basis and the liquid investment funds. He was elected governor, and also the first step he did was to target $7 billion in surplus funds for return to the public. Now, legislature, ok, who has their hands very deep in the pockets here, went to block him on the $7 billion and he was only able to free up about $1.8 billion, which equated to about a $800 check for every person living in the state.
The bottom line is it's a power game. 'With this much money available, especially with the public not even being aware - or oblivious to the majority of the wealth - the legislature, the congressmen, the senators, the judges, the attorneys, they're all fighting back and forth to see who can get whose hand in whose pocket the quickest. And it's important for the public to look and start getting basic comprehension, because the game is too big. I mean, we've let it ... a ... go . . . a ... with $60 trillion in composite investment funds, that's ... that's ludicrous. We've lost control of this country. If you look at the ... you know, the court systems, the lawyers, it's ... it's a revenue generating business. If... if you look at the court systems of this country, they're generating more money than any Fortune 500 comp . . . a group of ten ... the ten largest Fortune 500 companies, the court system is generating more money. They're taking more and more money, any way, shape or form. Insurance company equity participation, health insurance. If you look at your county, your city, you'll find out that they're buying up all of the hospitals. Did you ever wonder why they get such a . . . a . . . you get such a big bill from the hospitals? They're participating on an investment level with the hospitals. The game has to be stopped, and the way the game will be stopped is through a ... unified action from the public for disclosure. Everybody cannot sit back and say, "Well, somebody else will do it, let's watch and see what happens." You, you, have to do it. Call your friends, call your neighbors, and call your business associates. Get together. Confirm…confirm, the extent of the obfuscation of the wealth. When you look at the scope of the existing investment funds, the scope on the composite totals, it shows the clear and unequivocal financial takeover of the wealth. When you look at the scope of the growth of government - five years ago, ten years ago, fifteen years ago, twenty years ago - it's obscene! It needs to be checked immediately. Now, the majority of government employees - 98% - don't have a clue, either. They were not aware of the scope of the takeover. Everybody is too busy looking at the leaves, branches and trees in the forest to see the forest. I emphasize, focus on the composite totals. Now, since I started on disclosure 18 months ago, a ... there has only been one rebuttal to any of my comments. I got an e-mail from the a . . . head accountant from the a ... Department of Transportation from Portland, Oregon, saying, "Well, I don't think you're familiar with fund management, and we declare revenue that we have on our, you know ... report that we haven't yet collected, so the figures are misleading." And I responded back to him. I said, "Sir, I'm sure you do an excellent job as the head accountant for the Department of Transportation for Portland, Oregon, a budgetary agency, and all budgetary agencies are gone through with a fine-toothed comb." I said "Sir, look ... get your a state's Comprehensive Annual Financial Report. Go through the notes. Look at the balance columns. Look at the billions and billions of dollars of assets which you didn't even know existed. Look at the different funds and programs and trust accounts which you didn't even know existed. Ok? Once you see and for the first time. I said "That is the revenue I am talking about. Then, respond back to me." Never heard from him again. I guess he looked and became a little bit too busy.
Now, when you look through your Comprehensive Annual Financial Report - all cities, counties and states and different governmental authorities, will have what they list as idle funds. And usually, on the easily seen funds, they're ... they're declaring about a 5.5-5.6% return. It's very conservative management. That's one arena. But, what you want to keep your eye open for is where they're getting 12-14-15-17% rate of return, similar to pension fund management. Currently, all government employees, if they ask, you know, what are they getting on their pension funds, they think they're getting 8%. 8% is the standard used all across the country as an actuarial basis. It's a number picked out of the air by the accountants. In reality, the pension funds have been getting between 14 to as high as 23% return per year. Ok? You have to know to look and ask the questions.
This is a very serious situation and it's out of our hands currently, right now. The scope of the growth of government, the revenue that government's taking, the thousands of different entities that are just running away, taking more money like that 12- and 13-year-old kid and justifying it with any reason whatsoever. Even if you look at the school districts ... they've done studies all over the country. They found that the school districts which were getting the least amount of money had the best results for the children. The ones who are getting the most amount of money were having the least results. It's obvious. They don't have the children's interests at heart; it's the money. More wealth, more power. The public has to take a stand immediately.
Now, Program Three . . . Program Three, we'll be ... I'm putting out the word across the country for the states, in ... within your state, to unify and organize to get ready to do effective action. As I mentioned, the CITA initiative, we'll do that; it opens up for full disclosure. The CITA publishes an annual report of identified surplus revenue, identified operations of government which government should not be operating that only the private sector should be doing. It identifies areas for downsizing, what revenue would be made available for deposit into the CITA; that's published annually. And with the public seeing the reality of the ability to downsize, the ability for re-appropriation of surpluses, the ability ... the ability for sale of venture projects which should be sold back to the private sector, and that revenue now, just from the interest and dividend yield, canceling out taxation in their city, their county, their state. I think this should motivate everyone across the country and create a tidal wave of effective action. Program Three: the first state that unifies, gets a council together, gets an organization together, and they're ready to move forward with effective action - the initiative will be drafted, ready to go: that will be Program Number Three. When we're contacted and we know that the effort has been made in that state, the first state to come forward with a solid group to make it happen - that will be Program Number Three - showing that council and showing what's about to happen. And hopefully, there'll be about fifteen other states, many a counties, many a cities, ready to follow to implement the same program.The boys controlling ... controlling the structure - now, the real power structure of this world is the international banks, the brokerage houses, and the insurance company conglomerates. They are controlling the wealth. That $60 trillion is controlled under management by them. If you try to take the money from them, they would stop you cold in your tracks. But under this proposition, of the CITA… the CITA is identifying surplus revenues, they're shifting the wealth back into the direct benefit of the public for the elimination of taxation and upon doing so, a possible dividend return back to the resident tax payer. Under that program, the banks, the insurance companies, the brokerage houses, they don't lose one dime 'cause they are still going to be managing the funds, accomplishing their best rate of return.
The beneficiary is switched to the public. No longer will it be the politician, that little ... little inner circle group moving the funds back and investing the funds back and forth to their benefit. The funds will be invested for the direct benefit of the public under the exclusive principle of operation that from the interest and dividend yield on those funds, the elimination of all taxation and then also upon the downsizing of government, the dividend…, annuity dividend check being issued to the resident tax payers. There is no better proposition. Period. Now, the spin-doctors involved in this multi-trillion dollar organized syndicate, will try to disrupt and, you know, confuse the issue. There should be no confusion.
On your organization, state by state, county by county, city by city, try to find a CFA, Certified Financial Auditor, very good at identifying ... the game and revenues hidden in other places. Look through those notes very carefully. When you're looking at your county or your city trying to identify funds, get the state report. The state report will list the local government investment pool and where to get the financial information on that fund. And it'll list your city, your county, your school district and how much money they have in participation.
Now, there's also another Web site, which is very informative. It was a Web site created by a 30-year veteran retired federal auditor. It's http://www.cafrman.com. If you go to: http://www.cafrman.com , the auditor is very conservative but he spells out exactly what to look for. He will give you an Excel spreadsheet where it'll tell you where to look in your Comprehensive Annual Financial Report to fill in the blanks to identify the surpluses and shows you what it means to you. He also shows how to look at the state, the county and the city. If you live in a city, the city has surpluses. The county which you live in now also has surpluses and then the state. So we have three different entities ; the city, the county, and the state that applies to you as a resident of that city. He's identified $28,000 per person in one state, as an example. It's very informative. That's www.CAFRman.com .
But, as I mentioned, the public is up against a multi-trillion dollar organized syndicate that is well-entrenched, they know exactly what they're doing, it's run by the sharpest crackers on the face of the planet. The public is being basically a…they're the food for this organization. As I mentioned, government keeps the public running like a chipmunk on a treadmill, chasing after the carrot as through trickle-down economics, they provide just enough revenue to keep the chipmunk running at optimum proficiency as they tap off 80% of the energy produced. It's not right. As far as government is concerned, productivity is the key word. They figure if they return the wealth back to the public, everybody will stop working and there goes hyperinflation and major problems. I don't think so. The wealth is rightfully the publics. The wealth is not rightfully composite government's and the small circle that controls the wealth.
For information on the CITA, Citizens Investment Trust Account, I can be e-mailed at: WalterBurien@aol.com and if you request CITA information, I'll give you the basic format for it. If you're ready to organize in your state and you have a solid structure, a good structure, e-mail me and let me know that it is taking place. And if you're the first state that is ready for effective action, your state will be Program Number Three. POST NOTE: Financial backing is required to move forward. If accomplished, things will happen very quickly! To date 12/28/00, no one has stepped forward to provide the financing necessary to move forward. Things are at a standstill until this happens! Go ahead, make my day! WJB
As I mentioned, this is a multi-trillion dollar organized syndicate that you're up against, so it cannot ... whatever structure takes place within your state, it has to be ... between solid . . . workers ... tell ... tell the pastor of your church, tell every business you know to pass the word. The game only continues through nondisclosure, and we have the ability right now, at this point in time, to mandate disclosure. There are enough intelligent minds out there that can use the art of basic addition when they start looking at the reports and adding up the totals to confirm the theft of the wealth by composite government sources. The growth, the obscene growth, of government is obvious. If we unify at this point in time we can correct it. I look forward to Program Number Three and effective unified action coming forth from all the states in this country. I'm confident 15-20 other states will be right behind. It's time to move and to move strong and swiftly. I hope everyone does his or her best effort to correct this situation in this country. But as I mentioned, any politician, any reporter who does not make simple and conspicuous mention of the Comprehensive Annual Financial Report, they're out of there, gone. If an elected politician does make simple and conspicuous mention and mentions the difference between the total of cash gross receipts, total investments, and the budgetary basis, which is small compared to the totals, yeah, sponsor that person. Very important. Well, Wishing the best for this country and every citizen. Have a good day and I look forward to Program Number Three. End of Walter Burien narrative, of Part Two Ending text on screen:Special thanks to the United States Senators, Congressmen and women, and those millions of Americans who don't have a clue, whose actions have made this program possible and necessary.
by: Walter J. Burien, Jr.
The Biggest Game In Town is of major importance to every American. You are encouraged to video tape it for further review and sharing with others. This program is a comprehensive disclosure of governmental financial operations that have been deliberately concealed and kept from the American people by the governmental financial agencies as well as by the syndicated media. The scope is huge; the personal financial impact of vital concern to all. Do the people of this great land own the government or do the collective governments think they own the people?
The Biggest Shell Game for Theft in World History!
Organized Governments at all levels have been holding back their true Financial Statements, their Comprehensive Annual Financial Report from the people of America for over 50 years! Every city, county, state, and the federal government openly talks about the "budget" but keeps a virtually hidden, SECOND SET OF BOOKS which track the investments and Enterprise ventures worth TRILLIONS of dollars in tangible wealth they have built up and are spending from these virtually hidden portfolios as a result of investing YOUR skimmed money for over 50 years in everything from real estate to the stock market.
When looking at the "big picture," only 1/3 of government's annual revenue comes from taxes, 2/3 comes from return on investments and enterprise / venture projects. To offset taxation, not $1 of that non-tax revenue is tied directly into the annual "budget" that is supported by taxation!
Your city, county, state, and federal governments have played the Enron Creative Accounting Game; they LIED TO YOU for decades. With administrative restructuring of government, there would be NO NEED FOR TAXES. Our governments are not broke, they are rich beyond measure with OUR money, and they are hiding it from the American taxpayer, investing, AND SPENDING IT while pleading they are broke and need more taxes, bonds and levies to survive. This being done as they blindly justify their obscene growth. BS! There is enough aggregate wealth owned by our government agencies to abolish ALL property and income taxes TODAY. You are being conned, lied to, ripped off, and financially raped.
Are You Ready For The Biggest Wake Up Call Of Your Life?
Composite Revenue Totals:
Total Annual Personal income in the USA, 1999, was 8.2 trillion dollars. All income - Wages, and investment return from Bill Gates, government employees, to the local Paper Boy.
Federal tax Income: 1.8 trillion
Local Gov tax Income: 1.6 trillion (Composite CAFR Reports)
TOTAL: Disclosed Government general purpose tax income:
(Revenue from direct Taxation): 3.4Trillion
TOTAL Personal INCOME:
8.2 - 3.4 (taxation) = 4.8 trillion dollars
THE NET Personal Income after all taxation from both Federal and Local governments.
SOURCE: Federal 1999 Combined Financial Statement (CFS)
Now for the revelation. (Estimated): Investment / enterprise income not disclosed in the general fund accounting, both Federal and local government, would bring Federal and Local governments annual TOTAL income up by another 5.1 trillion (GOVERNMENT'S NON-TAX income), or total income of 8.5 trillion, or for the real earth shaker of the mind's comprehension, government income twice that of the total annual net personal income after taxation of the entire nation.
Estimate of the standing liquid, fixed, and equity investments, both Federal and Local Governments is a conservative: 60 Trillion dollars
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PERSONAL NOTE: If you were making $100,000 per year, and you put 25% ($25,000) each year into an investment fund generating 14% annual return, how long would it be with compounded interest before your return was greater than your income?
A little over 8 years.
[14% is a conservative figure being that most state pension retirement funds have accomplished in most cases an average annual rate of return of 16 to 18% over the last 7 years. The 25 year average is 9 to 11%. Washington and Oregon State governments retirement funds did a 22 and 23% return last year]
Composite government Pension Funds generated a return last year of about 4.3 trillion dollars. More revenue generated than all collected taxation in this country combined.
PS: Government Employees realized only a fraction of that return in most cases being that their pension funds were strictly "Participatory." The individuals investing or controlling the surpluses had a field day of personal empire building.
I wonder what Senator, Congressman, Judge, City Attorney, County Board of Supervisor, School Commissioner, or Governor had their "Personal" retirement ventures funded by investments from those surpluses?
And yes, State Retirement Funds complete a CAFR also. You may want to get a copy and see where and with whom those investments rest.
Can anyone see, that with consolidating surpluses (hundreds of billions), sale of venture and enterprise projects (trillions) back into the private sector where many belong (Golf Courses, Real-estate spec ventures, etc.), and downsizing where appropriate, that with using this "Basic" 101 application of consolidating this revenue into an Annuity Pension fund in the public's behalf, that this could make those local governments "Self Sufficient" from the annual return, and thus all forced taxation can be phased out, and eliminated?
And then possibly a return by annuity check paid back to the local property owners and taxpayers each year on top of no taxation?
NOTE: Watch the News. The comprehension disclosed on this site was released nationally over the last 4 years via over 190, one to three hour radio programs I participated with. The blackout continues from the self serving syndicated media in full financial partnership and cooperation with the government syndicate controlling the empire. From the writing on the wall that I see, they are moving to consolidate 100% ownership and control of the wealth, both nationally and internationally. A forced recession is being orchestrated starting with the manipulation of the energy / gas prices. This manipulation will take a few more trillion dollars out of the pockets of the public! And who is the primary investor with the gas and power companies? Government!
Sound bites are coming out as to the expected downturn in the economy. Top players running the syndicate are consolidating towards the NWO of UN POLICE and UN COURT Control. The UN, an organization not subject to those pesky documents in the USA know as The Constitution and Bill of Rights.
Their plan started in 1945 with the creation of an organization known as METRO first located in Chicago, IL, and now located in Louisville, KY. The blueprint for METRO called for taking over the control of Legislative and the Judicial branches of government, to establish government as an administrative and corporate clearing house for revenue collection. Within the same effort the UN was established in 1946. Additionally GFOA was established in 1946, the organization that created the Comprehensive Annual Financial Report (CAFR) accounting structure. [ www.gfoa.org ]
With the syndicate accomplishing 100% control, the majority of the public is no longer needed to build or perpetuate the syndicate's empire, and thus 60% of the population becomes a liability. If corrective and unified action by the public is slow in coming forth with true applied force, we are facing the strongest potential of impending and intentionally orchestrated mass genocide by the syndicate against the people ever seen in the history of this planet.
It is time to stand up, push forth the labors of birth, and evolve.
Please take the time to read the transcript of the video: The Biggest Game In Town
There are two roads before us; The current path and direction, that the currently in place syndicate is leading us down, will lead to a thousand years of subjugation / subservience of the survivors. Or if the other path is taken by unified public mandate: A thousand years of independence, financial self- sufficiency coming from government without taxation, and true freedom with financial security for all based on the individual's unrestrained productivity benefiting a truly free world economy.
The choice is clear.
There are three types of people in this world:
1. Those that "Watch" things happen!
2. Those that "Make" things happen!
3. Those that say "What" happened!
This site is for the benefit of all the # 2s.
For the #1s and #3s, this site is for their amusement.
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I Strongly Recommend Book marking these sites for viewing:
http://www.rutgers.edu/Accounting/raw/gasb/rlinks/index.html
http://www.fms.treas.gov/cfs / (Federal CAFR)
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The following link pay special attention to the note below the link:
http://www.cafrman.com
NOTE: The creator of the CAFRMan.com site, Gerald Klatt, was a high level federal auditor of 30 years. The CAFRMan site was created one year after Mr. Burien brought forward national disclosure as to the CAFR.
CAFRMan's recommended approach, in Mr. Burien's opinion, would continue Business as usual providing the short term fix of returning some surpluses to the public for "instant gratification" potential economic activity benefits, and more taxes coming in for government.
Mr. Burien believes that if this were done, accounting changes would then be made and the true future surpluses would be hidden or disappear allowing the current business as usual in government to continue. The CAFRMan site promotes growth in government, and continued "Business as Usual".
Mr. Burien's approach has the effect of phasing out all forced taxation by local government constitutional amendment, and possibly allowing for a dividend return to the public on top of no taxation based on prudent financial management of government from the existing wealth held today! In other words. "The Long Term Fix" for us, and our children, and their children's children!
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Why not a word of "Basic" Fiscal Accounting 101 application in the last 55 years?
Why not a word of the Holy Grail, the government's accounting Bible the CAFR?
Why not one word as to government's composite investment and total gross receipts, and growth over 5 years, 10, 15, 20, 25, etc?
Why not one word in print, on the TV, radio from the syndicated media?
Well, the answer is: The public left the vault door open, and in fact a great effort was put forward by a few to make sure the public didn't even think or realize that there was a vault door to be closed!
Primarily in the last 50 years, an orgy of financial empire building has been taking place from all sectors of local and federal government in which at the present, composite government has pulled off the largest financial takeover ever seen in history of this world as the public was intentionally distracted, and lulled asleep by the perpetrators of the take over.
Composite US government wealth today makes the entire wealth of the private sector look insignificant in comparison.
Federal and Local Government's gross income, 1999, was 8.5 Trillion dollars. The entire population of this country had a gross personal income, 1999, of 8.2 trillion dollars and net after government taxation of 4.8 trillion dollars. Composite Government brought in twice that of the entire nation.
As an American, this is the biggest wake up call you will receive in your life time!
This financial take over by government would not have been possible over the last 30 years without the systematic and cooperative effort coming from the controlling parties owning and directing the syndicated media, and pulling the strings within organized education to keep "Basic" 101 comprehension from the thoughts and minds of the general populace.
To hold back "basic" Fiscal Accounting 101 comprehension from the populace of an entire nation for over 55 years is quite a task.
REQUIRE MENTION AND DISCUSSION OF: The 4 BASICS
1. What are the total cash receipts from ALL operations?
2. What are the total investments from ALL operations?
3. What is the total net worth of ALL operations?
4. What has the growth been over 5 years, 10, 15, 20, 25, etc.?
Gorbachev asked those four basic questions, and you now know why he went Democratic!
So what does this mean for you? You can let go of the programming that says that you must do your duty and pay taxes. Government earns more than enough money to handle higher budget costs than they do now through the use of taxes. But you think you owe income taxes and you have no alternatives. We have alternatives and professionals available to see you through this process.
Is it time to mandate "effective action" through united efforts of the American people? Can David still fling the rock true and straight to hit its mark and defeat Goliath?
Are you aware that 30 years ago only 8-12% of the financial activity and ownership of our nation resulted from the activity of the government, but today the figure is conservatively 48%?
We the People have been victimized by the largest organized syndicate on the face of the Earth. The Constitution declares that all political power is inherent in the people and that all powers not directly and specifically delegated to public servants remain with the people. Our public servants are accountable to us and it's time we hold them accountable with genuine liability and cause the profits resulting from governmental activity to directly benefit the people!!!
**************Walter Burien: Narrative*************
Good morning. What we're going to be talking about today is what I've called The Biggest Game in Town. My name is Walter Burien. I live in Prescott, Arizona. I became aware of something approximately 10 years ago, which changed my life. I will give you a little analogy of how I learned about the complete financial takeover of the wealth of this country by composite government. Back in 1989 1 lived in New Jersey. There was a governor by the name of Jim Florio who was running for office under a no-new-tax platform. He won, and as soon as he got into office a $2.8 billion tax increase was enacted---the largest in the state's history. It's obvious that the public was not too thrilled about Mr. Florio's actions and one of the local radio stations, 101.5 FM, started doing some rabble-rousing, taking calls from listeners on examples of waste and misspending in government. My first two days I was listening, and I heard people calling in with examples of $5,000, $15,000; $85,000 was the highest figure I heard. I pulled out the State of New Jersey's budget report, which is the only thing I was aware of at that time. They had $11 billion on budget, $6 billion off budget; the total annual service budget was $17 billion a year. I called in to the show and I made the comment, "Come on, guys; you're missing the whole point. The highest figure I heard was $85,000. The state's dealing with billions of dollars." I read off the figures. I said, "If there's fraud, waste and misspending taking place, it's taking on tunes of tens of millions, if not hundreds of millions of dollars." The DJ at that time challenged us, the listeners, to start a tax protest organization to repeal the $2.8 billion tax increase.
Ten of us got together the next day and incorporated a group called Hands Across New Jersey. We scheduled our first rally ten days out from that point. And basically, with the help of 101.5, we had 115,000 people converge on Trenton from all the shore points in New Jersey, effectively shutting the city down. Now, during the course of organizing that rally, I took over looking at the budget, revenue and finance of the state. For about fifteen years I was a Commodity Trading Advisor, I was one of the first tenants of the World Trade Center, back in 1979. And large figures didn't bother me-a hundred million and one dollar - there was no difference. So when I started looking at the figures on the New Jersey budget report, as I mentioned, there were $11 billion on budget, $6 billion off budget, it showed a net available of $25.6 billion. Then, I asked myself the number one question that IRS asks in an audit: What are the cash gross receipts? I started noticing the large cash cow groups in state government - the New Jersey Turnpike, Garden State Parkway, Port Authority of New York, and New Jersey. The revenue was not inclusive in the budget report. I didn't see any large returns from investment funds on the budget report. And I said, "They have to have two sets of books here. They're not accounting for the whole picture". The director of the budget at that time was an individual by the name of Richard Keevy. He was on vacation till the following Tuesday of that week. I found out who his lower assistant was, called in, and the conversation went just like this:
I said, "Hi, this is Walter Burien. I'm working on a report for Richard. Have to have it done by Tuesday when he gets back from vacation. I need all the figures on the autonomous agency accounts, interest accounts, investment accounts. And the reply I got was, "Oh, you want the Comprehensive Annual Financial Report". Bing!!! First time I ever heard that before in my lifetime. Got it that Friday. Started crunching numbers. It showed a total liquid investment funds of $188 billion dollars --- $188 BILLION DOLLARS---of which common stock ownership $70 billion, on loan to public and private corporations $10 billion, insurance company equity participation, $14 billion, on loan to public and private corporations $10 billion. And I started looking for the total cash gross receipts. As I mentioned, what IRS would ask for in an audit. I found it on page 174. Now this is 1989's Comprehensive Annual Financial Report. On page 174 under Cash Additions, all agencies, all departments, all sources, here's a state with a declared service budget of $17 billion, who was bringing in $86 billion, 799 million in cash. I saw that figure and instantly realized the definition of syndicated organized crime. Here, we had a representation to the public that the state of New Jersey was bringing in $17 billion when in reality, they were bringing in close to $86 billion. They had $188 billion in liquid investment funds. I also learned the principle of operation that day. Anything that was a cost and an expense, traditional service side of the budget report, health and welfare, human services, motor vehicles, was left under the budgetary basis, and the public footed 100% of the bill for 100% of the services. Now, anything that was a profit center, had the ability of being a profit center, large investment fund that generated tens and hundreds of millions of dollars, totally restricted by a statute for no tie or inclusion whatsoever with the budgetary basis.
Now, this is what I have called The Biggest Game In Town. I saw it first in New Jersey and I said the Comprehensive Annual Financial Report… here I am a Commodity Trading Advisor, I was doing a national news line coast to coast at the time and I never heard of the Comprehensive Annual Financial Report. I wanted to find out why. I was mad. I mean, there was such a distinct difference between the revenue shown on the Comprehensive Annual Financial Report and the minuscule revenue that was shown now on the budgetary basis. I said, "Why did I not see this in a newspaper, radio show, TV show?"
Now, the department that mailed out the report the Comprehensive Annual Financial Report was from the Department of Treasury. I called the mailroom, and the mailroom usually doesn't get a call from the public, so they were very cooperative. I wanted to find out who the report was sent to. I thought it was a short list. They said, "I'm sorry, sir. The list is too long - we can't read it to you on the phone." So I start qualifying. I found out it was sent to every editor of every paper on the East coast. It was sent to the deans of all the colleges. It was sent to the CEO and every one of the directors from ABC, CBS, and NBC. When I verified that, I started smelling cooperative effort for nondisclosure. I then got the telephone number for ABC and NBC on where the report was sent to. I called, and the conversation went just like this: "Hi. This is Walter Burien calling from the Department of the Treasury. We've been sending you our Comprehensive Annual Financial Report for the last fourteen years and we're doing a logistical survey on how many other states are sending you their reports. Could you please help me?" ABC was getting it from 36 states; NBC was getting it from 34 states. When I heard that, now I'm getting very mad. I'm starting to see a clear-cut cooperative effort for nondisclosure on the most important information that exists in this country...Period. The extent of the financial takeover by composite government of the wealth of this country, with the full cooperation of the syndicated media for nondisclosure.
My next step was I called New York, got New York's Comprehensive Annual Financial Report, which showed approximately $735 billion in liquid investment funds. I then got the city of Manhattan's report. Now, when I mention the Comprehensive Annual Financial Report, it's not just the state-the majority of all cities, counties, school districts, pension funds, autonomous agencies such as the New Jersey Turnpike or New York Throughway Authority, put out a Comprehensive Annual Financial Report. When I got Manhattan's report it showed liquid investment funds of $1.2 trillion, more than the entire state. My mind started getting boggled, thinking of the composite totals-for all the states, all the cities, and all the counties. Subsequently, over the last ten years I've been factoring in, compiling, the aspect of composite totals. The current figure stands at about $60 trillion plus, in liquid investment funds - the composite totals for all cities, counties, states, and the federal government. Now, the viewers of this show would say "Oh, wait a second here! Wait a second here! I thought we were in debt for the state, in debt for our school districts, or in debt for the federal government".
Well, let me explain something. I'm going to give you the biggest wake-up call in your life. This example holds true all across the country, for every city, county, and state and the federal government. You always hear the budgetary basis referenced - "the budget report, the budget report." Now, I'll use this one example. Say, for example, you are making $100,000 a year, and your budget for operating your house is $20,000 a year. You could audit you3333111r budget a hundred times over - account for every nickel, dime, and penny on your budget report. If you spent $19,000 this year you'd have $1,000 surplus. If you spend $21,000 this year you'd have a thousand-dollar deficit. Now, in reality, if you decided you wanted to spend $30,000 this year on your budget for operating your house, would you go knocking on your neighbor's door, saying, "Hey, John, I had $20,000 allocated to operate my budget, but I spent $30,000; can I borrow $10,000?" No, you'd pull from your $100,000 salary. Governments across this country on the city, county, state levels, and federal, have created a two-tier accounting structure. One, the annual operating budgets, the cost side of operating government for the year - the monies they bring in for the year to handle that cost and what they expend. What's being left out is the decades -- the decades of investment wealth, enterprise ventures which generate hundreds of billions of dollars each year, which are not inclusive in the budgetary basis. Government has turned into a financial empire across the board. And the public, basically, allowed the foxes to write the laws on how many hens they could eat from the hen house. And of course, foxes being foxes, they've eaten all the hens.When you start looking at composite totals of revenue and compare it to the private sector, government currently now is substantially bigger than the private sector. We are standing at about 65% government, 35% the private sector.
Now, when you look at stocks, as I mentioned, New Jersey State Government I saw, had $70 billion in common stock ownership. That floored me. I never even thought about New Jersey as a state owning $70 billion in stocks. Composite totals city, county, state and federal on stock ownership, equates to approximately $32 trillion. That's over 53% of the entire open interest of all issued stocks from all exchanges is owned by composite government sources. You won't have one city or county or state owning a phenomenal base in one stock, but you'll have thousands of the different cities, counties and states owning the composite totals. They own over 51 percent. So, when you look at individual corporations, Xerox Corporation, IBM, AT&T the primary owners are composite government funds, and they'll be listed as institutional funds - when you see the word "institutional funds" - that is government monies, in most cases. So, when you have a supposed public corporation - say, 72% owned by composite government funds, I wouldn't call that a public corporation; I would say that's a government operation. Xerox is approximately 72% owned by composite government funds; AT&T is up around 42%, so on and so on... But the bottom line here is, when I learned this, this was a revelation that changed my life. Up until this point, when the comprehension finally dawned on me, prior to that, I always thought government was maybe 5% of the GNP of this country and this was a free-market economy, and I learned I was wrong. Basically, what the public has done here - I did this, you did this - we all have done this - we left the vault door open. In fact, 95% of the public would say, "Vault? What vault?" And those sharp little crackers said, "Thank you very much. Have a good day."
Now, the Comprehensive Annual Financial Report…, I brought…, this is from Missouri, there's a total press blackout of mentioning of the name of this report, - the Comprehensive Annual Financial Report. This is Missouri's of 1997. This is Ohio's cover page for 1998. I have the state of Utah's 1998; I also have Washington's and Maryland's figures. Also, this is from the state of Arizona, the state of Arizona retirement fund Comprehensive Annual Financial Report for 1998, which I will make some very interesting notations on. Now, the federal government…, this is the federal government Combined Financial Statement, the last page from the report, one notation . . . The federal government, in 1981, mandated that all local governments prepare a Comprehensive Annual Financial Report -every city, every county, every state, or, in the alternative, a Combined Financial Statement, if they did not prepare a Comprehensive Annual Financial Report.
The background on the Comprehensive Annual Financial Report: a group by the name of GFOA, Government Financial Officers Association, in 1946 created the Comprehensive Annual Financial Reporting accounting structure. I think the city of Manhattan produced one of the first ones in 1951, as a large entity. So, the Comprehensive Annual Financial Report has been around for quite a long time. There are 54,000 separate government corporations; cities, counties, school districts, authorities, that produce their own separate report - that's 54,000. You start looking at the composite totals of the revenue from 54,000 reports - the cities, the counties, the states - and you see the $60 trillion inclusive with federal government's revenue.Now, about five months ago I got a call from an individual by the name of Joe Long, who runs a group called Federation of New Jersey Tax Payers. He called me up on a Sunday morning. He goes, "Walter, we just got New Jersey's 1998 Comprehensive Annual Financial Report. They have $295 billion in liquid investment funds. Isn't that awful?" I said, "Joe, you're just looking at the state report. There's 21 counties, a couple hundred cities and municipalities, autonomous agencies - all separate reports. If you take the composite totals of the liquid investment funds, you're well in excess of $1.2 trillion. If you take the population of New Jersey and divide it into $1.2 trillion, that comes out to a cash allocation of $146,000 per man, woman and child living in the state or family of four (sic) [five], that equals seven hundred and some odd thousand dollars. The obfuscation of the wealth has been excessive.
But just one notation regarding the federal, because this is not just going on in local governments - you know, cities, counties and states. Federal government's playing the exact same game. And I've noticed a lot of people always point the finger at the federal government as the bad guys, but when you break down the actual revenue of the $60 trillion, two-thirds of it belongs to the local governments - the cities, counties and states - and one-third belongs to the federal government. Now, I'm going to try to do a close-up shot of this one page here. Okay, here we have the-this is the last page from the federal Combined Financial Statement. This is the appendix list of significant government entities included in the Combined Financial Statement. Now the majority of the items included, if we can scroll down the page here, can we get a close-up there?, now the majority that are included are agencies which most people are familiar with. We go to the back here - this is the final listing of agencies that are included - but the last column, down below, it -says "Significant entities excluded from these statements." (I think we're on that.) Now, they give honorary mention to the Federal Reserve Board of Governors and the Federal Reserve, which I think we all know by now are basically private. But then they list the Federal Retirement Thrift Investment Board, the Thrift Savings Plan, the Farm Credit System, the Federal Home Loan Banks, financing corporations, Freddie Mac, Fannie Mae, Sally Mae, Resolution Funding Corporation. These groups are the cash cow investment groups of government.
Now, also, I want to make special note to three items that are listed at the bottom. We have the Army and Air Force Exchange Service, the Navy Exchange Service Command, the Marine Corps Exchange. Folks, this is not the PX. We have funding operations for exchange of foreign troops to the U.S.- U.S. troops on the foreign soil, which they kept separate from the Combined Financial Statement of the -federal government so it wouldn't be so easily seen. But if we take the federal investment groups, the cash federal cow investment groups, and look at their revenue - and, very important, they have a phenomenal amount of revenue on loan, that's been loaned out there... if you take the accounts receivables and their current cash on hand, you come out to about a 16 trillion positive on the total operation.
So, here, even the federal government is taking their cost side - the expense side- leaving it on the Combined Financial Statement - they call that their budgetary basis - but they've separated the cash cow investment groups of federal government so that they don't show on the budgetary basis. So, currently, the federal government shows a slight deficit on budgetary basis, but the profit centers, which would show a $16 trillion positive, are excluded. Now, we started on national exposure about 18 months ago on the Comprehensive Annual Financial Report and the structure behind it, and I think that a few of you may have heard on the network news the feds saying, "Oh, by the way, we happened to find we're going to have a $6 trillion surplus going into the year 2004." They mentioned a surplus, a $6 trillion surplus? Keep in mind, that $6 trillion surplus is on the budgetary basis. They're not including the cash cow investment agencies. If they were being 100% honest, inclusive of all revenue, the federal government would have approximately a $12 to $14 trillion surplus. And, in fact, if they included the cash cow investment agencies in with the budgetary basis, they could probably have a 50% reduction across the board of all taxation, on the federal side. Something to think about.
Let's go back to the local governments. The states, the cities, and the counties, they have their budgetary basis, the annual operating budget but they have enterprise funds. In my little city of Prescott, Arizona, where I live, the city owns a golf course. Why does the city own a golf course? So the judges and the attorneys can get lower greens fees? Here is a $45 million dollar asset which is paid for by tax payer funds, developed, and not $1 goes back directly to support the budgetary basis. They have investment funds sitting as idle funds -- $48 million.
Now, with this much money out there, this phenomenal base of wealth, empires that are being built, it is mandatory to keep the public oblivious to what was going on. If the public was aware that this type of wealth was being built and obfuscated as tax dollars are being drained out of their pockets, where people are citing a shortfall of budgetary revenue, there would have been an uprising 30 years ago. But the government, to perpetuate this game, they needed the 100% cooperation of the syndicated media. That they have. You will not see ABC, NBC, saying, "Oh, by the way, we just happened to find out about the Comprehensive Annual Financial Report and we found out that the budgetary basis is this big (small noted) but the revenue shown on the Comprehensive Annual Financial Report is this big. (Large noted) You will not see that happen. They have been in cooperative nondisclosure for 25 years. That's why the situation has taken place.
It's mandatory to get the word out. It's mandatory to have your local radio show, your local TV show…, call in, mention the Comprehensive Annual Financial Report. Depending upon what city, what county, what state you're looking at the ratio of the budgetary basis, the annual service budget, to the reality of the total wealth, usually ranges from a percentage of 8:1 to as high as 40:1. That comparison between the budgetary basis and the reality of the wealth. It's not. Right.
In retrospect with what I've learned, it reminded me of something I was taught in grade school. I remember back in fifth grade, sixth grade, seventh grade, I'd hear a lot about Russia, and how the control Russia had over the public was bad. Well, when you look at the financial takeover of the wealth by composite government in this country, it dwarfs the control Russia had, in comparison, based on that financial control. In fact, did you ever wonder why Gorbachev went democratic? He looked and he said, "Hey, the boys in the United States have more control than we do, and they're making ten times as much." A federal auditor of 30 years, I briefed him eight months ago. He was in charge of auditing one of the largest federal agencies in the country and also eight of the central western states prior to his retirement. He was always looking at individual budget reports, the individual leaves, branches and trees in the forest. And I briefed him on the composite totals. Floored him! He looked, he verified, and three months later he made the comment to me. He goes, "Walter, what we have here in this country is 100% Communism under the guise of a free market capitalist system." He goes, "The government owns everything." Now, the public is constantly complaining about higher taxes, higher taxes, more money being taken for this, for that. And they're conditioned - year in, year out. We had the Boston Tea Party--I think it was for a 3% tax on tea, caused the revolution. Here we've been conditioned to 45% of our pay going back to government. And when you look at all aspects of what the government's getting - export tax, import tax, duties on manufacturing, the composite total is phenomenal on the money that's taken by government. The principle of operation in this country is, the boys running this structure - they keep the chipmunk running on the treadmill chasing the carrot as through trickle-down economics they provide just enough revenue to keep that chipmunk running at optimum proficiency as they tap off 80% of the energy produced. This is not right. The country was established for the public to rule in this country - for prosperity, for our families, education, the whole nine yards. If you see the country going down the tubes, it's strictly due to the factor that we have greed taking place on an unprecedented level in all levels of city, county, state government and federal government. Empire- building, power mongering. When you start breaking down the figures, using fifth-grade addition skills, just knowing where to look, adding up the composite totals & endash;as I mentioned there's 54,000 local governments, separate reports, separate corporations, school districts, cities, counties, states, autonomous agencies - 54,000; the totals of that revenue is phenomenal.
I have the summary from the state of Washington, I'll just use for an example - I'm not picking on Washington. But Washington state, on the statistical section which is in the back of the Comprehensive Annual Financial Report, it shows a ten-year demographics of revenue taken in, population growth, the whole nine yards. Retail sales, the top employers, Washington state, in the course of a ten-year period of time, there was a 100% growth in government. During the same ten-year period of time government took 115% more revenue. The revenue over doubled in ten years in what they're taking from the public. You have a runaway freight train. As I mentioned, the public left the vault door open. And the sharp little crackers said, "'Thank you very much." On the government pension funds - city, county, state, federal - they're standing at about $28 trillion-$28 trillion. The private sector will never see $28 trillion in their lifetime. I go back to that word "Russia" and "Communism" under the guise of a free-market capitalist system. The figures are there. We're not talking about any gray area; there's no speculation here. This is outright their figures. This is a massive operation-it's a multi-trillion dollar organized syndicate of composite government wealth. They needed to keep their own accounting of their own structure - the Comprehensive Annual Financial Report was their accounting. The Comprehensive Annual Financial Report showed the wealth. And the reason it was never mentioned to the public was it did show the wealth. Let's take a break for right now and we'll get back into this in a minute. ******************************** Welcome back. Previously, I had mentioned the state of Washington and the growth of 115% on the revenue taken. I've had people look at their Comprehensive Annual Financial Reports, and they'll say, "Well, the figures are all here. It's all here. They account for everything. Here's the billions of dollars." I said, "You're seeing the billions of dollars that you never saw before in your lifetime. You're now seeing them for the first time, you now realize the scope of the billions."
I want to show you one other point. Now, I'm going back to the chart, this is from Washington's Comprehensive Annual Financial Report 1998, it gives a ten-year demographics of the revenue taken in a ten-year period. I think you should be able to see these figures. This starts in 1989. This is in millions of dollars. The total taken by the state from the public was $9,514,000,000. Now, as we go through the years, 1990, 91, 92, over to 1998 - the total revenue now taken was $18,008,000,000. So, we went from 9 billion to 18 billion, in a course of ten years. That's 100% growth!! This is ludicrous!!! The population growth in the state of Washington was approximately 8 percent during the same time period. And by the way, that is total revenue taken - the budgetary basis for the same period went from $6 billion to approximately $10,900,000,000 in the same period of time. That's the budgetary basis, but the total revenue taken is $18 billion. So it's a $6 billion disparity between the budgetary basis.
So we're not just talking the extent today of how much money government has taken from the public and the decades of wealth that's been building. We're talking also about the runaway freight train of growth on the city level, the county level, the state level. If you go back 25 years ago, government was approximately 6 to 8 percent of the GNP of this country, gross national product total revenue base. Currently, today, composite government - city, county, state and federal - it's 48% of the GNP based on cash and ownership. This is not right. We fell asleep at the wheel. We allowed it to happen. You have to realize this is the largest organized syndicate - a multi-trillion dollar organized syndicate - with thousands of facets that spends billions, billions of dollars, to make sure the public is looking off in right field as they conduct business as usual in left field. You'll see the orchestration in the media on different events which keep the public spinning their wheels over here as the boys are making their billions of dollars over here. They laugh their asses off on the way to the bank every single day. They're becoming wealthy, empires are being built. When you look at the $60 trillion in liquid investment funds, the composite totals - the billions...
Let's look at the state of California, with approximately $12 trillion under management. Now, under the Comprehensive Annual Financial Report you'll see about, oh, a total of maximum of about $3 trillion. But when you start tracking down the cities, the counties, all the revenue base, you're up to about $12 trillion. Now, in California, say, for example, one of the investment managers who is handling, say, $400 billion in funds, and he had, say, $150 billion -with Shearson Lehman Hutton American Express institutional banking. That's a very powerful position. If that individual contacts the director of the institutional banking, and said his brother in Argentina needed a $120 million loan in Argentina for a sugar cane energy development project, unsecured, do you think he's going to say NO? I don't think so. He'll have one of his associates from another company that he deals with closely cut the loan. If it's defaulted on he'll just make up the difference on some business he'll do with that firm.The power mongering and the elbow rubbing that takes place here is obscene! And it's not just one group, one organization, doing it, it's the principle of operation. Since we started our national disclosure 18 months ago I've had thousands of phone calls from people all over the country. I'll get a call from New York, "Walter, I just got the New York through-way Comprehensive Annual Financial Report. They had $31 billion in liquid investment funds and -they're still charging us." I'll say, "Don't worry about it."…I'll get. a call from Anchorage, Alaska, "Walter, I just got our Comprehensive Annual Financial Report for our city. They're making $100 million more a year than they're showing on their budget report." I'll say, "Don't worry about it." I said, "Stop focusing in on a leaf, branch or tree in the forest. Start focusing in on the forest; understand the principle of operation of the forest. There are ten thousand of these operations going on all over the country." I said, "If you're going to apply your efforts, apply your efforts to change the principle of operation of the forest, which will affect every leaf, branch and tree in the forest. " That's the bottom line here, folks. We're not talking any gray areas; there's no speculation here. This is black and white. You know, the public has been complaining for the last 25 years. Every problem I've seen in this country to date has to do with extortion of revenue from the public. Period. It is the root of evil in this country - the wealth being taken from the populace. And one of the problems here is, a lot of people have been looking for the needle in the haystack, trying to find government corruption and wealth being stolen from us. Well, we're not looking for the needle in the haystack here, folks. It's the haystack sitting on top of the needle. All you have to do is look and start adding up the composite figures. Stop being distracted by one leaf or branch or tree in the forest. Start qualifying the forest. And when you do you'll see the clear and unequivocal financial takeover of the wealth of this country by composite government, right from the city level to the state to the federal level. It's power mongering it's empire building. The boys that are in there on the inner circle; the wealth is absolute. Now, I'll give you a few examples going back into New Jersey from ten years ago when I got New Jersey's Comprehensive Annual Financial Report. It listed the state universities and colleges, and gave a composite total for all. I noticed right off the bat they had $8.5 billion in liquid investment funds - this is 1989. It also showed they made a $1.1 billion profit on their investment funds for the year. My next question to myself was, "I wonder what the total tuitions are for all students attending colleges and universities in the state." Total tuition base was $644 million. I said right off the bat, "Hey, they made a $1.1 billion profit and total tuitions are $644 million. They could have sent all students to school for free for the year and paid them to go to school." In reality, what they did that year was sighting a shortfall of budgetary revenue, they had a 7% tuition increase. The game is absolute, and we're talking there is so much money behind the game, and you have the participation of the syndicated media in the game, the public really has not stood a chance. The only way the public stands a chance is through full and open disclosure of the wealth - not being distracted, just sitting down crunching numbers. Not looking at one leaf, or branch or tree in the forest, start looking at the forest, adding up the totals, and it becomes evidently clear. Corrective action is needed and is needed immediately. With the scope of the financial takeover that is in existence today, they're consolidating that ownership. Within several years you'll have composite government owning 85% of the wealth in this country. And at that point in time the public may just become a liability - they don't need them anymore. So, it's very important that the public starts taking a serious look at what's going on.
I'm going to go into two other points here. I'll give you an example from Edgefield County, South (sic) [North] Carolina. I briefed a doctorate in economics, she wrote for a little paper in Edgefield County called the Edgefield County Advertiser. She got a hold of the Comprehensive Annual Financial Reports for the state, the county, and the city and ran into a few obstacles trying to get them. They don't like to give them out in some cases. But she noticed that their school district - Edgefield County School District - participated in the local government investment pool. So, she requested from the state ... you know, it showed where to request the financial report from the local government investment pool, and it showed that Edgefield County School District had $36 million invested in the pool. Now, this is a school district, which was rather poor and had several tax increases over the last couple of years, citing a shortfall of budgetary revenue. She approached the county school commissioners, saying, "What are you doing investing millions in the market?" The school commissioner said, "We don't invest in any ... the market. We don't have any monies invested. You have to be mistaken." She then produced the financial report. His next response was, "Well, this is our account for paying salaries and expenses for the year." She goes "Okay." She produced the prior year's report, which showed they had approximately $29 million invested in the local government investment pool. Now there were additions and withdrawals, the principle never changed, and now it jumps up to $36 million - close to a $7 million profit for the year. The money that's involved here is, on the broad spectrum, it’s one big game. The politicians will lie straight to your face.
As I mentioned earlier, when I found out about New Jersey's report I found out that it was sent to every editor of every paper - had been for 14 years. It was back in 1990 I was checking. It was sent to ABC, CBS, and NBC. When we started on national disclosure...I've participated in about 60 radio programs, probably reached about 25 million people across the country in the last 18 months. I requested that everyone send a certified letter to their editors and producers of their news shows asking, requesting that simple and conspicuous mention of the Comprehensive Annual Financial Report be made. All have refused. Now, the cutest response I got back was from someone in California, I think around Bakersfield. The editor replied, "We've received your request." Now keep in mind what was being asked was to make simple and conspicuous mention of the Comprehensive Annual Financial Report. He said, "We've received your request. We do not have the staff or the resources to report on a story of this magnitude. So your request is declined." I thought that was real cute.
Now, everybody remembers Orange County. Years ago Orange County, on their management funds, they got burnt playing with derivatives, such as options, calls, puts, features, they lost a little bit over a billion dollars. And they were crying, "Bankruptcy! Bankruptcy! We have to shut down! Stop all operations! Close the parks. Fire the police officers." Well, someone stumbled across their Comprehensive Annual Financial Report, which just happened to show that they had $16 billion in profitable investments. Well, all of a sudden Orange County left the news, they never went into bankruptcy. In fact, Orange County created a situation where they drew light to the reality of the investment finds, and they created liability for every other city, county and state across the country by bringing light to their loss and the investment funds. So, corrective action was taken after Orange County to make sure no one else ran into the same situation because…
I think everyone's heard of Lucky Luciano from back in the Twenties and the Thirties. There was something called Luciano's Law. Lucky Luciano was the banker for the syndicates - he moved the money between New York, Los Angeles, Chicago, Miami. And Luciano's Law was once you're suspected you're out of business. Anyone who spoke Luciano's name regarding a transaction disappeared. Luciano died of old age - never got indicted, he got deported from the country, but never had a problem otherthan that.
Government's been operating under the same principle of operation. If we're not suspected, we can continue business as usual. They have fronted up the budgetary basis to the public - continually, budget, budget, budget, shortfall of budgetary revenue. As per the example I gave earlier the difference between your budget for operating your house and your salary, there's a substantial difference. And when you break down the Comprehensive Annual Financial Reports, as I mentioned, the ratio comes out 8:1 to as high as 40:1 in comparison between the budget and the total revenues that are held by that government body. The examples I've given here - whether it be New Jersey, Missouri, Washington - they apply to every state, every city, every county, some more, some less. I had a few notations here from Maryland. This is out of Maryland's 1998 Comprehensive Annual Financial Report. The…let's see here, Pension assets were about $31 billion total contributions were $814 million, total investments returned was $3.7 billion; they'd increased $3.5 billion. Okay, here we go. Total government wages in the state of Maryland; and by the way, on the Comprehensive Annual Financial Reports, they started making a change. They used to list the top employers, in the state, and it always was the state, the cities, the counties. Usually, government was 7 of the top 8 employers. They've now changed their statistical section to the top private employers. But if you pull one of the old Comprehensive Annual Financial Reports, which, by the way, have been sent to your local library. You'll find back issues going back 15-20 years. The game here was not making the Report not available, the game was never mentioning the report no one knew to look for it. So, the game continued. But, total wages for the year paid in Maryland, to government employees, was $15 billion, 349 million. Total private sector wages were $55 billion. Okay? Total manufacturing was about $6 billion in Maryland. What this is saying is for every 4 people in the private sector working in Maryland, they are paying the salary of one government employee. It's not right. The growth is ridiculous. It's runaway growth. It's a very serious situation -something needs to be done about it. Disclosure is the key factor. If you go to your editor - in fact, actually, for your state, confirm that the editor of your paper has been receiving the reports for 10-15 years. And when you go to him ask him if he's heard about it. If he says to you, "Never heard of it. I guess I'll have to look into it," you'll know he's lying straight to your face after you've confirmed in advance that he's been receiving it. Require, require these characters to make immediate simple and conspicuous mention. Require these characters to give the difference between the budgetary basis and the total investment wealth in what's held by governments. Require it. This is no game, folks. We've had our heritage stolen from us right under our noses. As I mentioned, if you go back 25 years ago government was about 6-8 percent of the GNP; currently, we're standing at over 48%, and that's a conservative figure. That's a phenomenal amount of wealth. We have the largest orchestrated syndicate on the face of the planet, which is composite government wealth. A little notation. This is supposed to be a country of laws, correct? Law is supposed to protect people of this country, correct? Well, when I got New Jersey's report, it had the pension plans listed. I didn't understand pensions or the actuarial basis used. One of our Volunteers for Hands Across New Jersey, he wrote the pension funds for Blue Cross/Blue Shield nationally. I gave him the book, and I asked him to break down the pension funds and compare them to a Fortune 500 company. He told me it would take him about two weeks. Two weeks later I check back and I say, "Well, what have you got?" He goes, "Well, on a scale from I to 10, with the Johnson & Johnson being a 5, all of New Jersey pensions came in at a 7, excluding the judicial branch." He said the judicial branch was the millionaire boys' retirement club. Every state judge in New Jersey was guaranteed $5 million after serving one year tenure. In other words, they didn't have to work five years, ten years, fifteen years, twenty years to get their pension. All they had to do was their tenure - one year and they got their full benefit package, which was excessive. Now, district ... let's go to federal. District court judges, how many of you out there think that district court judges have a pension or retirement fund? I guess you would assume they have a pension or retirement fund. Well, they don't. District court judges are appointed for life. They get their full paycheck for life and benefits for life. And, in fact, two years ago they just took the action that when they die they can assign their full paycheck and benefits for the life of their surviving spouse or dependent relative. Now, that's a sweet deal.
The game is absolute. You know, we don't have the Joe Six-Pack crowd. here watching TV, betting on the football game, "Hey, five dollars on Dallas." We have the sharpest crowd, sharpest crackers on the face of the planet that are running one of the most sophisticated structures on the face of the planet - composite U.S. government - that is drawing in trillions and trillions and trillions of dollars. And it has turned into a parasitic situation. The blood that's being drawn off the host ... if you look at the public as, being the host for the parasite, the parasite is now substantially bigger than the host. That's a serious problem, folks. Anyone have any Raid? I think we're going to need it. But, the bottom line is disclosure. Yeah, the public has this phenomenal growth on its back, and the majority of the public, they keep saying to themselves, "Is there something wrong here? Why are things not right? Why are things going to hell in a handbag?" The problem is these guys are getting paid hundreds of thousands of dollars each - millions, in some cases. They have phenomenal backing to do it - to perpetuate the game. The public is struggling to get by.
The runaway growth is rampant. Doesn't... whatever city you look at, whatever county, whatever state, the average has been a 100% growth each ten-year period. Yeah, we're closer to where Russia wanted to be than Russia ever got. And, you know, we have to make the decision right now in our lives, a commitment to ourselves. This is not right. We have to take corrective action. We have to change this immediately. We only have one advantage, folks--one advantage only. As I mentioned, this is a $60 trillion organized syndicate with thousands of facets behind it. The judiciary is controlled, the finances are controlled, and the wealth is controlled. We have one advantage. And the only advantage we have is we outnumber the boys running the structure, about 400: 1. This happens to be our country. What has developed is wrong. We fell asleep at the wheel; we have to correct it. In Part Two of this program, we'll be discussing what I call a CITA: Citizens Investment Trust Account, which can be implemented by initiative across this country. What the CITA is, is it's an organization started by the tax payers. They will have approximately two to three CFAS, Certified Financial Auditors, which (sic) will examine the books - city, county, state, as will be applicable to those residents in that city, county and state to identify surplus funds, venture projects - which, no way government should be involved in but the private sector should be handling, which the CITA would recommend for sale. The CITA, upon identifying and recommending for re-appropriation of the surplus revenue, and also sale of different venture projects like golf courses and different other items which cities and counties now own. The revenue that builds up in the CITA has one exclusive principle of operation. That exclusive principle of operation ... it's set up as a…basically an annuity pension fund for the resident tax payer. From the interest and dividend yield that's accomplished, it is to satisfy the budgetary requirements of that city, county or state. I'll use an example of my little hometown in Prescott, Arizona. I had a couple of federal auditors go over the books; they identified $200 million on a cursory review, first glance. The city's operating budget's $17 million a year, the ... if you include the school districts, comes out to $34 million a year. The current rate of return 16-17% on pension investment funds. On $200 million that's $30 million at 15%. There goes the budgetary basis. In fact, the $34 million they are collecting, $30 million of that becomes surplus revenue for redeposit back into the CITA. They can eliminate the majority of all taxation and still have a surplus, which is returned to the resident property owners as an annuity dividend check. Because it's set up for their benefit. Now, folks, what we're talking about here is not cutting back on a tax increase. What we're talking about is changing the principle of operation, of government - where, from the existing liquid investment funds that have built up over the decades, the wealth projects that government's operating right now, combining the operation as a whole where the revenue that is ... you know, the surplus revenue, the revenue that can be re-appropriated into the CITA - that fund, the CITA fund, just from the interest and dividend return on that fund, can satisfy the budgetary requirements, thus eliminating all taxation for that city, that county, that state. [ In effect, an annuity pension fund for the resident property / taxpayer having the ability to phase out all forced taxation and upon prudent financial management, provide a dividend return on top of no forced taxation] Also, we can recommend downsizing of government to get it back into an appropriate proportion to private sector versus government. We have a chance here to change this country immediately through effective action and disclosure. We're up against a very powerful structure [syndicate]. The arrogance factor behind that structure is absolute. The top individuals running this structure on the investment side, the brokerage side, the banking side, they have egos the size of the World Trade Center. They have accomplished their objective, they have the control. But the public does own this country. Through effective action and unified force between the public we can correct this in a very short period of time. The structure has built up over 65 years and can be reversed in three to four years. And if the public unifies across the country it can be done on an effective level where we can eliminate taxation in this country for all time to come and create a situation where a dividend return comes back to the public.Welcome to Program Two of The Biggest Game In Town. The prior program ... on Program One we discussed the Comprehensive Annual Financial Report and the structure behind it. That structure shows the clear and unequivocal financial takeover of the wealth of this country by composite government. On the local side, cities, counties, state and federal, 54,000 separate individual government corporate entities filing separate reports with investment wealth, enterprise funds, venture projects, well beyond the scope of the public's knowledge and comprehension. We're going to bring it within the scope of the public's knowledge and comprehension for effective change. The ... we left off ... on Program One ... if you have not gotten Program One I highly recommend calling the station and getting a copy. There's a lot of information contained therein, so you'll be able to appreciate Program Two and Program Three. At the end of Program One, we ran a little short on time, and I wanted to bring up one point. It had to do with the pension funds within government. This is for all of those government employees out there who are about to find out there's a good chance they're getting severely shortchanged. It's not just the public, friends. The same is happening to your government employees.
Now, in my hand . . . I'm from Arizona, Prescott Arizona. This is a copy of the state retirement Comprehensive Annual Financial Report for the state of Arizona, 1998. The state of Arizona, under the state retirement fund, has 175,000 participants, retired and active. Using the highest actuarial basis possible to determine 100% funding for all participants required, approximately, based on current standards, about $14.5 billion dollars. Now, I have a page from the report, page 42 - I'm going to put it up, I think you should be able to see this. Now we're going to page 42 here, on camera 3. Now ... right here, it says the ... lets see here ... this is for the total actuarial accrued liability; and what total actuarial accrued liability means is what is required - the money required - for 100% funding of all participants, in the fund. That figure is $13 billion, 63 8 million. With $13 billion, 638 million, this funds 100% of all 175,000 participants in the fund. Now I have a separate page from this report, this is page 15, from the Arizona state retirement Comprehensive Annual Financial Report. The total assets of the fund, at the end of June 30th 1997, is $20 billion, 353 million. Now as I mentioned, the total accrued, actuarial accrued liability, was about $13-1/2 billion and they're sitting with $20 billion, 353 million. Now the current report, the current figures, I've called to verify the standing of the fund, the current actuarial accrued liability is approximately $14.5 billion now. The fund's balance, after getting a 16.65% rate of return for the year, is standing up close to about $28 billion - with contributions and returns into the fund. Allowing for a 125% funding of all employees - 100% funding of their pensions, they're $9 billion over funded; in other words, the Arizona retirement fund is reaching 200% funding. There is not one city, county or state statute that even addresses the return of surpluses back to the employee or the employer - the cities, the counties, the school districts, the state agencies. Legislature showed their culpability two years ago on these surpluses. With these types of surpluses in the pension funds, there was no requirement for any payment from the employees or the employers. In fact, they should have been getting substantial refund checks back. What the legislature did was they passed their own internal statute mandating to participate in the fund a minimum payment of 2.18% for the employee and the employer, as a separate statute. They don't want to return those billions. When you break down within the report where those monies are invested, there's what I call "the blue list" of stocks and investments, things we all know and you can recognize easily. Then there's what I call "the red list," things I've never heard of before. I'd be very interested to find out what judge, what attorney, what congressman, what senator, what county supervisor, is behind some of those investments, who is the shell owner of some of those investments and how many of those investments are actually real corporations providing goods, products and services and how many are shell corporations. It'd be very interesting to find out.
But the administrator of the fund, I chatted with him a few months ago and I brought up the point on allowing for 125% funding of the employees' pensions that freed up $9 billion. You cannot return $9 billion in investments through liquidation without causing a major catastrophe. Because if Arizona liquidated $9 billion from the pension funds for return to the employees and the employers, every other state with substantial surpluses, in theirs, would say, "Oh, my God. Arizona's moving openly, we'd better liquidate our funds, you know, while we still have a chance," and you could create a 1929 scenario crash; everybody moves at the same time I said there was a very easy solution. For the government employee, based on his pro-rata share participation in the fund, he is issued an individual IRA account as his refund. Nothing's liquidated, nothing sold, paper transfer, total order, no problem. For the city, the county, the school district, the state agency, based on their pro-rata share and participation in the fund, they're issued an individual market annuity account as a refund. Nothing's liquidated, paper transfer, same management, no problem. Now, the interesting point is, on the refund - just from this one account, one fund - the state of Arizona retirement fund, just on the surpluses, back to the employees and the employers, that's $4.5 billion back to the employees, $4.5 billion back to the employers, and they're still 125% funded. I asked the administrator "Could it be done?" He goes, "Sure, if there was a law addressing it, we could easily do it." And the rightful beneficiaries from this one fund, being that it's a retirement fund, would be the employees and the employers. But the refund back to the cities, and the counties, and the school districts, just from that refund, the return… as I mentioned, they accomplished a 16.65% rate of return this year, that's been roughly their average for the last four years ... the return for the cities and the counties and the school districts just so happens to equal about 15-20% of their operating budgets for the year. Anyone sense a tax reduction here? I mentioned at the end of Program One the CITA, Citizens Investment Trust Account. We covered the points extensively as to the composite totals of the government revenue- city, county- state, and federal - equaling about $60 trillion in revenue. There is no national debt - there is no debt, as we know it. They have a debt under their budgetary basis, their annual operating budget. And the example I used during Program One was if you had a budget for operating your house of $20,000 a year but you were bringing in $100,000 a year on your salary, you could spend $21,000 on your budget and you'd have a $ 1000 deficit. [Your liquid net worth under this example over your $100,000 annual income could be 1.5 million] The same applies here. When you look at the budgetary basis of a city, a county, and a state, and then look at their total investment net worth, total enterprise projects, toll ways, bridges, different venture projects they've started which are generating substantial revenue, if you look at the whole picture there is no real deficit From the liquid investment assets they could wipe any deficit instantly, if they chose to do so. But on the CITA, the Citizens Investment Trust Account, I'd like to cover that in depth. The CITA is established by the resident property owner, tax payer, for your city, your county, your state. The CITA is initially formatted with the use of CFAs, Certified Financial Auditors, who examine the books - city, county, state - as would be applicable to the residents of that city, county or state, to identify surplus revenues and projects being operated by government which should be operated by the private sector - golf courses, whatever, places where government has started venture projects which no way should they have their hands on, that should be sold back to the private sector. The CITA recommends for re-appropriation of the surplus funds, which were identified, into the CITA. It recommends for the sale of venture projects, their assets, which should be sold back into the private sector, for that revenue to be deposited into the CITA. The CITA recommends for the downsizing of that government, city, county or state. As I brought up in Program One, each ten years, it's been about a 100% growth in government on the city, county, state level-in general, across the country. The CITA can have a phenomenal amount of revenue built into it in a very short period of time.I use the example of my hometown of Prescott, Arizona. A CFA identified $200 million in surplus funds in a cursory review. The city's annual operating budget was $17 million; the school district's included, that came out to $34 million. $200 million on deposit with the CITA, generating 15% return, equals $30 million. That eats up the budgetary basis. In fact, the city's still collecting $34 million to support their operations, which makes the majority of the funds at that time surplus revenue for redeposit back into the CITA- You can eliminate taxation at that point in time, in most areas, and there's still a surplus in the CITA. And being that the CITA is established as an annuity pension fund for the tax payer, when it has a surplus, the resident tax payer gets a dividend check -on top of no taxation. It's the way it should have been 200 years ago. And it's possible to happen right now through disclosure and effective action by the public. I think we're all tired of having the people building their empires from within their city, their county, the state, or the federal government, imposing their will for more money, more revenue from us. [And control over us] The one thing I'd like to bring up to make myself perfectly clear. Most people are familiar with taxation, ok, sales tax, property tax, you know, taxation. When you break down government structure and you look at where the revenue is coming from, alright, especially the money on the investment returns on the decades of wealth that have been building up in different areas, which the public, in most cases, is totally oblivious to but they can see if they look. When you look at the entire structure, taxation, including on the federal level, is approximately 30-35%, in some cases 40%, of the income for that government body. They are bringing in the majority, at this point in time, they are bringing in the majority of the revenue, not from taxable sources, from taxation, they're bringing in the majority of the revenue from returns on investment funds, from enterprise projects such as toll ways, roadways, bridge ways, financial authorities. I've noticed in many of the states, I saw this first in Missouri; they have the Missouri Finance Authority, the Arkansas Financial Development Authority. We have at this point in time, states creating these financial authorities where the cities, the counties, other state agencies, can invest with these financial authorities their surplus revenue, their investment funds. And these financial authorities, when they have the bond issuance for the school district, the new roadway, the county jail, and they have a bond issuance, most of the public would think that bond issuance is being funded by the public. Wrong! The state's are using their own investment funds, your monies, to fund their own bond issuances, locking the public, under irrevocable trust, for repayment of those bonds. Thus, the state is securing their own return on their own investment funds, your money, through putting you in debt.
It's a big wake-up call. The game is going on unabridged. I mean, the whole point here…you know, they operate with immunity due to the factor that the public is not looking. If the public looks and sees the scope of the revenue, where it's held, where it's built for years, you start seeing how the game is played. School districts ... you know, look very closely ... if you look at your Comprehensive Annual Financial Report for the state, most states have a local government investment pool and a list . . . you know, get the report for the local government investment pool, and you'll probably see your school district, your city, your county participating. I gave an example, Edgefield county, North Carolina, school district was crying poverty, and someone dug into it and found out they had $36 million invested in the local government investment pool. Initially, they denied it, then they tried to justify it by saying it was an expense account. Then, finally, the truth came out. They had shuffled away $36 million off the budgetary basis, it was an idle fund account. The public had no idea. And North Carolina also showed a total participation of about $1.1 billion from other government entities within the state.
But, back to the pension funds. You know, just on this one account, $9 billion being freed up. $4.5 billion back to the government employee. In fact, on the individual IRA accounts returned to the individual government employee, it's substantially larger than their guaranteed pension fund. In other words, from the surpluses that exist right there in that one account, they would get a refund back substantially larger than their entire benefit package. That should catch the car of every government employee out there.
Now, I'm using Arizona as an example. I've looked at some states and they're just ... you know, supposed to be at 100% funding on their pensions, some are at 140%, some are at 160%. But you have to look. As I mentioned, in Arizona, there's not one city, county or state statute that even addresses the return of these surpluses back to the employer or the employee. You have to make it happen. On the CITA account, we have the ability here, folks, to change the course of this country, to make the public the beneficiary of the wealth. It's been a runaway freight train. We all complain, we all.... you know, have our heartache stories about too much money being taken from us, from the city, from the county, from the state, from federal government. We have been conditioned - psychologically conditioned - to accepting it. We've been given the term "the budget report," "the budget . . . shortfall of budget," "we need to have money for this, money for that." There's no difference here.
I'll use this one example. If everyone watching this show ... say, for example, we had a 12- and a 13-year-old boy. And we gave them carte blanche to write their own allowance check each week. And we made $1200 a week. In a very short period of time, they're going to be cutting a check for $1000 a week. Now, if we said we're going to cut them back to back to $800 a week, that 13- and 12-year old are going to scream, they're going to holler, they're going to kick; they're going to use whatever logic possible to them to justify how a 12- and a 13-year-old boy could not survive off of $800 a week. There's no difference here. We just have bigger boys and smarter players.
When you examine the records - any state, any city, any county - you'll see the growth, the runaway growth, of government. It averages out to almost 100% growth, they double in size over every ten-year period of time. [ Arizona State Government, 1984 to 1999, in 15 years had a 1000% increase of annual revenue income] It's not right. You look at the a… the scope of government 25 years ago was about 6-8% of the GNP. Currently, it stands at about 48%. It's not right. It's money out of our pockets. It's creating a power base, multi-trillion dollar power base, which is totally contrary to the constitution of this country, the best interests of the public. Its sole motivation is to perpetuate its own wealth and power mongering and -control of the populace. Now, the composite government wealth that has been obtained, right now, by the cities, the counties and the states, as I mentioned in the last program, international stock ownership is at about $32 trillion, which is over 53% ownership of all issued stocks from all exchanges. Government has' become the market place. If you follow the hype on investing in the market and so forth and follow the news - CNN and FNN and…and you bounce in and out of the market and find yourself losing $10,000-$20,000, well, guess who your opponent is? Your opponent is the government, the composite government funds. They're not just liquidating your revenue through taxation, through toll ways, through insurance company equity participation, they're liquidating your money through participation in the stock market. When you break down the numbers it's there. There is no gray area here; there's no speculation. Anyone with fifth-grade addition skills can start compiling the figures and see the unequivocal financial take over of the wealth. And we're at a crossroads here in this country. We left the vault door open. The sharp little crackers said, "Thank you very much." We fell asleep at the wheel. We listened to the propaganda from the syndicated media, which is in 100% partnership with composite government. If you break down the revenue that's brought in from ABC, CBS, NBC, from composite government sources - city, county, state and federal, from the so-called public corporations, which the government owns over 51% open interest of those corporations and they can exercise their proxy votes for direction to media campaigns. The syndicated media is getting a phenomenal amount of the revenue from composite government sources.
Now, back in New Jersey, when I found out about this and I saw the cooperative efforts, this being ten years ago, I saw the cooperative effort from the syndicated media for nondisclosure on mentioning the Comprehensive Annual Financial Report or mentioning the difference between the budgetary basis and the cash gross receipts and the investments. They would never mention that.
Jim Florio, who was elected governor, when he was elected, he appointed 14 editors and reporters with directorships inside state government. The individual they pitted against myself at that time was an individual by the name of Harvey Fisher, who, prior to the Florio campaign, was one of the top Bergen Record reporters. Now, Harvey was appointed as the assistant treasurer of the state of New Jersey. And, by the way, Harvey had no formal financial training whatsoever and he is now the assistant treasurer. This kind of cued me. I started looking. Harvey was making $35,000 a year as a reporter, as assistant treasurer he's making $65,000 a year. I said, "Well, that's not too big of a difference." I said, "I wonder what his expense account is?" He had a $125,000 carte blanche expense account of discretionary funds, tax-free. I said, "That makes a big difference." My father used to work for the Department of the Treasury as director of personnel for four years. That's in charge of all agencies and departments within state government. I knew within the Personnel department, they had a data search department run by four individuals, which tied all agencies and departments together under Personnel. All resumes are key inputted into the data bank for keyword searches. I called up one of the four individuals. He was cooperative. I asked him to do a keyword search on all directorships and key-level supervisor positions on how many were ex- editors and reporters in their past. He told me I'd have the report by 2:00 the following day. I called back and said, "What have you got?" He came up with a data bank of about 3400 names, as far as total supervisory and directorship positions. Out of that, I think it was 1783 were ex-editors and reporters. The fix is in deep. There's a lot of money here.ack to New Jersey. Ten years ago when I saw New Jersey's report I noticed it said $14 billion in insurance company equity participation. I said to myself, "What is insurance company equity participation?" I started looking. Found out the federal government, back about 25 years ago, close to it, mandated that the insurance companies, had to create a major catastrophe fund, in the event of natural disaster, large hurricane hit the East coast-wiped out a couple hundred thousand homes, a million or two automobiles; a big earthquake hits California, same scenario; they wanted to make sure that they were covered. Well, this equated to trillions of dollars, which the insurance companies did not have at the time. The federal government gave them ten years to implement the program. At the end of the ten years, 94% of the revenue requirement was satisfied by state and federal investment funds…and when you look at the records, was mostly a 2.4-2.6% interest, well below prime, they invested their monies. Now, what this means to the public in real term…let's use automobile insurance. Auto comes under the major catastrophe fund, as I mentioned, large hurricane hit the east coast, wipes out hundreds of thousands of automobiles; big earthquake hits California, same scenario. I'll use Arizona as an example. In Arizona, the minimum coverage is $30,000. And, based on the major catastrophe fund rules, one-third of the value of the policy, the face value, has to be left on deposit. So, one-third of $30,000 is $10,000. That money being provided by state and federal investment funds, say at 5% interest for easy accounting that equates to a $500-a-year return. Now, my auto insurance premium is $658 a year. Under this example, the insurance company is only getting $158; the government is getting $500, on the return. Did you ever wonder why they make it mandatory insurance, state by state, and enforce it by armed force? Every state with mandatory insurance is opening up a phenomenal investment pool for the state and federal investment funds. Now, I took this a step further. I called the Division of Motor Vehicles in Phoenix to find out the total number of registered vehicles, both commercial and noncommercial in the state. To be registered it required insurance, mandatory insurance state. I then called the insurance company data banks to find out the total liability claims paid by all insurance companies operating in the state of Arizona. I then took that figure, added on a 35% markup to allow for a profit margin in operating costs. For a paper company that's pretty good. I then took the total number of registered vehicles, divided it by (sic) (into) that number. The average annual insurance premium, using that…those figures, came out to being $126 per year. Got the picture?
Government has been getting into every aspect of taking money. The public's familiar with taxation, taxation is actually turning into a very small portion of government's take. Investment funds are their primary vehicle for revenue generation at this point in time, taxation's secondary. You have to start tracking down these investment funds. The next time you hear, "Well, we're going to have to shut the school down, it's got holes in its roof, we need to raise taxes for a million dollars," or "the police are under funded, we're gonna have to let half of 'em go," pop up with "Oh, by the way, they said they had to shut down the school, well, I see they have $42 million here in the local government investment pool. Why are you not using this?" Now, Jesse Ventura, when he was mayor of... a... I think it was Menlo [Brooklyn] Park, the city wanted to have a tax increase of $260,000, a small increase, for the school districts. They said they were at a short fall of money. He looked and saw a $48 million investment fund sitting there, listed as idle funds, so he goes, "Here, take it from here." And he was the first person to openly admit as to the difference between the budgetary basis and the liquid investment funds. He was elected governor, and also the first step he did was to target $7 billion in surplus funds for return to the public. Now, legislature, ok, who has their hands very deep in the pockets here, went to block him on the $7 billion and he was only able to free up about $1.8 billion, which equated to about a $800 check for every person living in the state.
The bottom line is it's a power game. 'With this much money available, especially with the public not even being aware - or oblivious to the majority of the wealth - the legislature, the congressmen, the senators, the judges, the attorneys, they're all fighting back and forth to see who can get whose hand in whose pocket the quickest. And it's important for the public to look and start getting basic comprehension, because the game is too big. I mean, we've let it ... a ... go . . . a ... with $60 trillion in composite investment funds, that's ... that's ludicrous. We've lost control of this country. If you look at the ... you know, the court systems, the lawyers, it's ... it's a revenue generating business. If... if you look at the court systems of this country, they're generating more money than any Fortune 500 comp . . . a group of ten ... the ten largest Fortune 500 companies, the court system is generating more money. They're taking more and more money, any way, shape or form. Insurance company equity participation, health insurance. If you look at your county, your city, you'll find out that they're buying up all of the hospitals. Did you ever wonder why they get such a . . . a . . . you get such a big bill from the hospitals? They're participating on an investment level with the hospitals. The game has to be stopped, and the way the game will be stopped is through a ... unified action from the public for disclosure. Everybody cannot sit back and say, "Well, somebody else will do it, let's watch and see what happens." You, you, have to do it. Call your friends, call your neighbors, and call your business associates. Get together. Confirm…confirm, the extent of the obfuscation of the wealth. When you look at the scope of the existing investment funds, the scope on the composite totals, it shows the clear and unequivocal financial takeover of the wealth. When you look at the scope of the growth of government - five years ago, ten years ago, fifteen years ago, twenty years ago - it's obscene! It needs to be checked immediately. Now, the majority of government employees - 98% - don't have a clue, either. They were not aware of the scope of the takeover. Everybody is too busy looking at the leaves, branches and trees in the forest to see the forest. I emphasize, focus on the composite totals. Now, since I started on disclosure 18 months ago, a ... there has only been one rebuttal to any of my comments. I got an e-mail from the a . . . head accountant from the a ... Department of Transportation from Portland, Oregon, saying, "Well, I don't think you're familiar with fund management, and we declare revenue that we have on our, you know ... report that we haven't yet collected, so the figures are misleading." And I responded back to him. I said, "Sir, I'm sure you do an excellent job as the head accountant for the Department of Transportation for Portland, Oregon, a budgetary agency, and all budgetary agencies are gone through with a fine-toothed comb." I said "Sir, look ... get your a state's Comprehensive Annual Financial Report. Go through the notes. Look at the balance columns. Look at the billions and billions of dollars of assets which you didn't even know existed. Look at the different funds and programs and trust accounts which you didn't even know existed. Ok? Once you see and for the first time. I said "That is the revenue I am talking about. Then, respond back to me." Never heard from him again. I guess he looked and became a little bit too busy.
Now, when you look through your Comprehensive Annual Financial Report - all cities, counties and states and different governmental authorities, will have what they list as idle funds. And usually, on the easily seen funds, they're ... they're declaring about a 5.5-5.6% return. It's very conservative management. That's one arena. But, what you want to keep your eye open for is where they're getting 12-14-15-17% rate of return, similar to pension fund management. Currently, all government employees, if they ask, you know, what are they getting on their pension funds, they think they're getting 8%. 8% is the standard used all across the country as an actuarial basis. It's a number picked out of the air by the accountants. In reality, the pension funds have been getting between 14 to as high as 23% return per year. Ok? You have to know to look and ask the questions.
This is a very serious situation and it's out of our hands currently, right now. The scope of the growth of government, the revenue that government's taking, the thousands of different entities that are just running away, taking more money like that 12- and 13-year-old kid and justifying it with any reason whatsoever. Even if you look at the school districts ... they've done studies all over the country. They found that the school districts which were getting the least amount of money had the best results for the children. The ones who are getting the most amount of money were having the least results. It's obvious. They don't have the children's interests at heart; it's the money. More wealth, more power. The public has to take a stand immediately.
Now, Program Three . . . Program Three, we'll be ... I'm putting out the word across the country for the states, in ... within your state, to unify and organize to get ready to do effective action. As I mentioned, the CITA initiative, we'll do that; it opens up for full disclosure. The CITA publishes an annual report of identified surplus revenue, identified operations of government which government should not be operating that only the private sector should be doing. It identifies areas for downsizing, what revenue would be made available for deposit into the CITA; that's published annually. And with the public seeing the reality of the ability to downsize, the ability for re-appropriation of surpluses, the ability ... the ability for sale of venture projects which should be sold back to the private sector, and that revenue now, just from the interest and dividend yield, canceling out taxation in their city, their county, their state. I think this should motivate everyone across the country and create a tidal wave of effective action. Program Three: the first state that unifies, gets a council together, gets an organization together, and they're ready to move forward with effective action - the initiative will be drafted, ready to go: that will be Program Number Three. When we're contacted and we know that the effort has been made in that state, the first state to come forward with a solid group to make it happen - that will be Program Number Three - showing that council and showing what's about to happen. And hopefully, there'll be about fifteen other states, many a counties, many a cities, ready to follow to implement the same program.The boys controlling ... controlling the structure - now, the real power structure of this world is the international banks, the brokerage houses, and the insurance company conglomerates. They are controlling the wealth. That $60 trillion is controlled under management by them. If you try to take the money from them, they would stop you cold in your tracks. But under this proposition, of the CITA… the CITA is identifying surplus revenues, they're shifting the wealth back into the direct benefit of the public for the elimination of taxation and upon doing so, a possible dividend return back to the resident tax payer. Under that program, the banks, the insurance companies, the brokerage houses, they don't lose one dime 'cause they are still going to be managing the funds, accomplishing their best rate of return.
The beneficiary is switched to the public. No longer will it be the politician, that little ... little inner circle group moving the funds back and investing the funds back and forth to their benefit. The funds will be invested for the direct benefit of the public under the exclusive principle of operation that from the interest and dividend yield on those funds, the elimination of all taxation and then also upon the downsizing of government, the dividend…, annuity dividend check being issued to the resident tax payers. There is no better proposition. Period. Now, the spin-doctors involved in this multi-trillion dollar organized syndicate, will try to disrupt and, you know, confuse the issue. There should be no confusion.
On your organization, state by state, county by county, city by city, try to find a CFA, Certified Financial Auditor, very good at identifying ... the game and revenues hidden in other places. Look through those notes very carefully. When you're looking at your county or your city trying to identify funds, get the state report. The state report will list the local government investment pool and where to get the financial information on that fund. And it'll list your city, your county, your school district and how much money they have in participation.
Now, there's also another Web site, which is very informative. It was a Web site created by a 30-year veteran retired federal auditor. It's http://www.cafrman.com. If you go to: http://www.cafrman.com , the auditor is very conservative but he spells out exactly what to look for. He will give you an Excel spreadsheet where it'll tell you where to look in your Comprehensive Annual Financial Report to fill in the blanks to identify the surpluses and shows you what it means to you. He also shows how to look at the state, the county and the city. If you live in a city, the city has surpluses. The county which you live in now also has surpluses and then the state. So we have three different entities ; the city, the county, and the state that applies to you as a resident of that city. He's identified $28,000 per person in one state, as an example. It's very informative. That's www.CAFRman.com .
But, as I mentioned, the public is up against a multi-trillion dollar organized syndicate that is well-entrenched, they know exactly what they're doing, it's run by the sharpest crackers on the face of the planet. The public is being basically a…they're the food for this organization. As I mentioned, government keeps the public running like a chipmunk on a treadmill, chasing after the carrot as through trickle-down economics, they provide just enough revenue to keep the chipmunk running at optimum proficiency as they tap off 80% of the energy produced. It's not right. As far as government is concerned, productivity is the key word. They figure if they return the wealth back to the public, everybody will stop working and there goes hyperinflation and major problems. I don't think so. The wealth is rightfully the publics. The wealth is not rightfully composite government's and the small circle that controls the wealth.
For information on the CITA, Citizens Investment Trust Account, I can be e-mailed at: WalterBurien@aol.com and if you request CITA information, I'll give you the basic format for it. If you're ready to organize in your state and you have a solid structure, a good structure, e-mail me and let me know that it is taking place. And if you're the first state that is ready for effective action, your state will be Program Number Three. POST NOTE: Financial backing is required to move forward. If accomplished, things will happen very quickly! To date 12/28/00, no one has stepped forward to provide the financing necessary to move forward. Things are at a standstill until this happens! Go ahead, make my day! WJB
As I mentioned, this is a multi-trillion dollar organized syndicate that you're up against, so it cannot ... whatever structure takes place within your state, it has to be ... between solid . . . workers ... tell ... tell the pastor of your church, tell every business you know to pass the word. The game only continues through nondisclosure, and we have the ability right now, at this point in time, to mandate disclosure. There are enough intelligent minds out there that can use the art of basic addition when they start looking at the reports and adding up the totals to confirm the theft of the wealth by composite government sources. The growth, the obscene growth, of government is obvious. If we unify at this point in time we can correct it. I look forward to Program Number Three and effective unified action coming forth from all the states in this country. I'm confident 15-20 other states will be right behind. It's time to move and to move strong and swiftly. I hope everyone does his or her best effort to correct this situation in this country. But as I mentioned, any politician, any reporter who does not make simple and conspicuous mention of the Comprehensive Annual Financial Report, they're out of there, gone. If an elected politician does make simple and conspicuous mention and mentions the difference between the total of cash gross receipts, total investments, and the budgetary basis, which is small compared to the totals, yeah, sponsor that person. Very important. Well, Wishing the best for this country and every citizen. Have a good day and I look forward to Program Number Three. End of Walter Burien narrative, of Part Two Ending text on screen:Special thanks to the United States Senators, Congressmen and women, and those millions of Americans who don't have a clue, whose actions have made this program possible and necessary.