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The Comprehensive Annual Financial Report (CAFR) Exposed
This is a rather lengthy transcript of the CAFR video as aired on public
access television - (approximately 32 pages).
Walter J. Burien, Jr.
©December 17th 1999
This transcript may be copied, published or reproduced in it's entirety only.
Transcript of the nationally distributed CAFR video:
Introductory text on screen:
PART ONE
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?
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." [http://www.cafrman.com] 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.
************[a public service announcement (PSA) aired encouraging the
watching of programs on public access television]*********************
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 exported
from the country, but never had a problem other
than 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. We'll continue on Program Two of this series on specifics on the
CITA. I thank you for your time.
***********End of Part One
Notice: This program (#1 and 2) is a comprehensive disclosure. Permission is
granted to air it in its entirety only. The airing of partial segments of
this program would be misrepresentative of the disclosures being made. Such
partial airing is strictly prohibited without express written authorization
from:
******************End of Program One************************************
****************************Beginning of Program
Two***********************************
Introductory text on screen:
PART TWO
The Biggest Game In Town is of major importance to every American. You are
encouraged to videotape 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?
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 a conservative 48%?
We the People have been victimized by the largest organized syndicate on the
face of the Earth. The Constitutions declare 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*********************************************
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.
As I mentioned, I come from Prescott, Arizona, and I moved out there about
ten years ago. I found out about the Comprehensive Annual Financial Report
ten years ago. Then I backed off from public disclosure for about eight
years, seven years. But, when I was out in my little city, I saw the, you
know, local police, the judges, and local politicians acting as a little
organized crime syndicate with no fear of consequence or liability for their
conduct or action. I saw the fix being in right through to the attorney
general's office, to the governor's office. And I said to myself, "What
allows these little piss-ants to act like an organized crime syndicate with
no fear of consequence or liability for their conduct?" I said, "The
Comprehensive Annual Financial Report. The only reason they do what they do
on the lower levels is because everyone above them has their hands deeper in
the pockets."
The same holds true in every city, county, and state across the country.
When you have this type of wealth, this type of wealth, held in the hands of
the management of the pension funds, the enterprise groups, the ... the
corruption is absolute. You know, did you ever wonder why that politician
spends, you know, $400,000 to get into a $65,000-a-year job? The payola from
cutting one deal, a construction project, an investment, is worth 50 times
his salary. 'The power structure, it's there. It needs to be corrected.
The CITA, Citizens Investment Trust Account, is a viable vehicle for the
public to get involved to grab the bull by the horns and flip it on its
back. Because through disclosure and looking at the figures, looking at the
revenue, what they don't want you to see, you identify the money, the
revenue, the investments, you identify the power structure. You do not want
to allow yourself to be distracted. Focus on the principle of operation.
Focus on business as usual - not what they're telling you to look at but
looking at the whole picture, look at the Comprehensive Annual Financial
Reports, look at the notes within the reports, go to the other noted reports
that show substantial amounts of other revenues.
If you want to get your state's report, there's a Web site, its:
http://www.financenet.gov/state/cafr.htm
If you go to that site you'll get a listing alphabetically of all
Comprehensive Annual Financial Reports available for downloading off the
Internet - city, county and state. There's probably only about, a ... oh,
I'd say 40% of the states up there and just a few cities and counties, but
it's a good starting point. The key word here is, folks, we don't own the
country anymore because we allowed it to be taken by a runaway corporate
empire known as composite government.
Government has turned into an empire. We are insignificant in comparison,
based on the wealth that has been obfuscated from us. We own this country,
and it's time to take effective corrective action. What's needed is for
everyone across this country, state-by-state, city by city, county by
county, to network together on this one issue. Now, the government spends .
. like I said, this is a $60 trillion organized syndicate. There's a lot
at stake for them. They've amassed their empire. They spend billions of
dollars, throwing out 40,000 red herrings to make the public look in this
(as they continue business as usual over here ( ) unabated. It's time you
have your focus, learn basic addition skills, have your focus over here (),
see the obfuscation of the wealth, see the totals.
Realize that there's no deficit. Realize that there's no need for any
taxation. When you look in the city-county level and you look at the total
operation, all of the revenue, the whole picture, the whole picture, there's
no need for property taxation, there's no need for the majority of taxation.
And for it to be collected from you through misrepresentation, I consider to
be indictable under the RICO act, for these government bodies conducting
themselves as an organized crime syndicate, extorting money from the
populace through whatever means they can possibly do it, justifying it
through any means, just as that 12- or 13-year-old kid would do.
Because they are becoming drunk on the power and the wealth that they have
so easily taken from us because we fell asleep at the wheel. It's time to
get the gumption, the energy ... this is a lot of money! If it's reversed,
if it's reversed, now, it can be done in two to three years across the
country - it checks the game cold in its tracks, and the ownership of this
country will go back into the hands of the populace. To do otherwise, is
criminal. Our heritage requires, mandates that we unify immediately to put
this forward.
Let's take a break here, and we'll be back in a little bit.
********* [ a public service announcement (PSA) was televised encouraging
the watching of programs on public access television]
Welcome back. In this segment, we're going to cover certain specific points
to look at in your Comprehensive Annual Financial Report and which
Comprehensive Annual Financial Reports to request.
Now, I have a copy of the statistical section from Ohio's Comprehensive
Annual Financial Report which I would like to make some references to. On
the statistical background here ... this is from 1989 to 1998. It shows the
total revenues collected by strictly state government, year to year. Now, if
we go back to 1989, the total revenue take was approximately ... a ... the
total revenue take was . . . fifteen ... this is in thousands, ok? Three
more zeros at the end.
The total revenue take was $15 billion, 704 million. If we go over to 1998,
now, in 1998, they were talking $27 billion, 215 million. So it gives you an
idea of the substantial growth of the revenue being taken out of your
pockets. Now, when you get your Comprehensive Annual Financial Report, they
have a statistical section in the back, which is something that's very
important to look at. Now, I noticed in Ohio, it has federal government's
monies coming in. This was pretty high for a state. They were bringing in $8
billion, 353 million from federal government sources. So, that's pretty high
for the state.
There's a -lot of money involved here. As I mentioned, on the $27 billion in
1998, that is strictly from the state. If you add up the other revenue
sources - city, county, municipality, and authorities - it's a substantially
higher figure. They list in the report also approximately $188 billion as
their liquid investment worth. That' s a lot of money.
But, on the Comprehensive Annual Financial Reports - as I mentioned, I just
referenced the state of Arizona, you want to get your school district s
Comprehensive Annual Financial Report you want to get your city's
Comprehensive Annual Financial Report, the county and the state's, and any
financial authorities that are operated by the state, and any special
enterprise group. If there's a large toll way, a large bridge authority ...
say, for example, New York Port Authority of New York-New Jersey, get their
Comprehensive Annual Financial Report.
If they say they do not have a Comprehensive Annual Financial Report then
ask them for their Combined Financial Statement. Now, the key factor here
is, both the Comprehensive Annual Financial Report and the Combined
Financial Statement both end June 30th of the year. So, whatever year you're
looking at, it should say "Ending June 30th of the year". Either CAFR for
Comprehensive Annual Financial Report or Combined Financial Statement.
[POST NOTE FROM WJB: In 1999, GASB (Government Accounting Standards Board)
changed the policy for showing revenue on the combined financial columns of
the CAFR. Prior to 1999, it was required to show all income, investments,
and revenue. The change starting in 1999, was now on the combined financial
columns of the CAFR, it was required to show all income, investments, and
revenue necessary to meet obligations of that local government. A big
difference! It is important to get back issues to see what now does not show
as of 1999 forward. The notes in the CAFR must be looked at closely for
direction to other accounting reports whose revenue is not shown in the
report you are examining.]
Now, I mentioned earlier, a Web site to get CAFRs downloaded: it's
financenet.gov ... http://www.financenet.gov/state/cafr.htm. Go to that
site, and you'll be able to download some of your Comprehensive Annual
Financial Reports. You will also, instead of putting cafr.htm at the end, if
you put "reports.htm" you will also get other financial reports available.
http://www.financenet.gov/reports/cafr.htm
Now, the game here has been played, regarding the obfuscation of the wealth,
boils down to nondisclosure. The reports are available for viewing. The game
was not making those reports not available; the game was "Don't discuss,
don't talk, don't mention. If you don't know, you can't take effective
action." So, request the report. [Require your local paper or politician to
make continuous and open mention of the CAFRs]
Also, the news media, request that they make simple and conspicuous mention.
There is no reason whatsoever for them not to do so except confirming their
criminal culpability in nondisclosure. Any politician running for office -
the governor, the congressmen, the senator, the dog catcher - I don't care.
Amy person running for public office - the sheriff - if he refuses …if he
refuses to make simple and conspicuous mention of the Comprehensive Annual
Financial Report from the podium, the platform, or in public forum, throw
his materials in the garbage can and immediately look to another candidate.
If that person running for office refuses to make simple and conspicuous
mention of' the Comprehensive Annual Financial Report they are confirming
their cooperation with the nondisclosure.
They have ... they do not have your interests at heart, they only have their
own. They want to become part of the inner circle and perpetuate the game.
They're not for your ... they're not for your interests, or your family's or
your children's. Very important. But, when you look at your Comprehensive
Annual Financial Report, try to see the total of gross investment figures
that are on the Combined Financial Statement. Start from there. Look through
the notes of the report.
Now, I noticed in Missouri, I saw in the notes, bond dividend yield, $47
million; bond dividend yield, $118 million. And I said "Why is the state
declaring bond dividend yields?" I came back to the Missouri financial
authority; they're investing the state's own monies and they had to disclose
the return that was coming back in from their investments.
Back 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: CAFR1@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.
Executive Producer - Walter J. Burien, Jr.
Produced & Directed By - Walt Maken
For more information or for those who would like to assist in this project,
contact:
Walter J. Burien, Jr.
P.O. Box 11444
Prescott, Arizona 86304
CAFR1@aol.com
Telephone: 520 445-3532
© Citizen's Economic Victory Initiative
Notice: This program is a comprehensive disclosure. Permission is granted to
air it in its entirety only (#1 and 2). The airing of partial segments of
this program would be misrepresentative of the disclosures being made.
Such partial airing is strictly prohibited without express written
authorization from:
Walter J. Burien, Jr.
P.O. Box 11444
Prescott, Arizona 86304
Tel. 1(520) 445-3532
e-mail: CAFR1@aol.com
This program was produced and edited at the facilities of.
Dayton Access TV
280 Leo Street
Dayton, Ohio 45404
937-223-5311
www.datv.org
*********************End of Program Two********************************
*******************Beginning of Additional Information Add-On**************
As an add-on to Program Two, and for a better understanding of the CITA
initiative, as an aid to help anyone out there and from their city, their
county or their state, to start working on and building a CITA, I would like
to cover some specific criteria for getting the structure going.
On the CITA, the CFAs, the Certified Financial Auditors, who are now
identifying the surpluses, they have to look at the three different areas.
They have to look at the surpluses identified from the city, the county, the
state, state-run agencies, county-run agencies, enterprise groups, the whole
nine yards, to identify these surplus monies for re-appropriation into the
CITA.
That's area number one. Area number two, they have to identify from the
enterprise groups within government--the golf courses, the toll ways, the
bridges, the different projects that government is operating which should be
returned to the private sector, which the sale of these items back to the
private sector would generate hundreds of millions of dollars, if not
billions of dollars, depending upon what area you're looking at. Also, the
identification of excessive growth within government that should be
recommended for downsizing. So, in other words, if you're downsizing certain
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