CAFR Article designed for misdirection / Misinformation / Omission

http://rense.com/general90/caf.htm

I sent an email to (was an attorney) Ellen Brown (EB) the day she published this article requesting a call back to correct a few misrepresentations / misdirections / omissions. She wrote an article designed to put more power in the state's hands through creation of their own bank.

I was not getting a reply so I sent my communication sent to her to five people she knew who forwarded the same to her (wanted to make sure she could not say she did not see it)

No call or email reply as of 06/28/10 has come. She may have a good reason for not replying but in any event the issues I wished to clarify with her are addressed here. (POST NOTE: No call to me has come from EB as of 05/19/11)

A few of the points / corrections I wanted to pass on to her were:

PERSONAL CORRECTION:

1. Line one: I was never an accountant. I have never used the word conspiracy, I have always said "this is the basics that the public has been kept oblivious to due to the money and control involved.

2. Paragraph three: "Burien was originally alerted to this information by Lt. Col. Gerald Klatt". This is outright false. I was alerted to the CAFR and the structure behind it in 1990 during the Hands Across New Jersey days when I took over looking at the NJ budget and true income for the state of NJ. This is well documented. I briefed Gerald Klatt in 1999 on the collective government ownership of it all and challenged him to put up a website for the purpose of doing CAFR surplus reviews. Six months latter he met my challenge and http://CAFRMan.com was launched by Gerald with surplus reviews of a few states and with him being from Tucson, AZ he did several AZ local city and county reviews. I note that EB did not give the crucial information per the mention of Gerald's name with that being: his website and that CAFR reviews were there to be seen by all. Omission of these two factors is indicative of being 100% in compliance with a government agenda. I note my website CAFR1.com was not mentioned also.

ARTICLE MISREPRESENTATIONS / MISDIRECTIONS / OMISSIONS:

1. Second paragraph: "54,000" reports noted and as of 2007 GFOA notes 186,000 separate government entities with 3,600 participating in their Certificate of Excellence Award Program". The comment made of "stashed away in surplus funds" is a incorrect statement. The controllers within government have gone to great lengths to create their own self interested statutes and financial oversight laws to justify each and every fund of which their are hundreds if not thousands of separate funds in each state.

2. Fourth paragraph: EB mentions "Government Finance Officers" http://GFOA.org the private association who started by promotion to government the CAFR accounting structure in 1946. Comments made here that are misdirections / misrepresentations: the use of the term "rainy day funds" I have also been very clear in my writings that these rainy day funds are a title misdirection and equate them to being like your pocket change jar kept on you kitchen counter. The other funds maintained by governments can and will dwarf these entitled rainy day funds. Then there is "Unlike private businesses, which have bank credit lines they can draw on if they miscalculate their expenses, local governments are required by law to balance their budgets" This is cute double-speak. Local Governments have massive credit lines. Every bond issue is a credit vehicle, local governments borrow from themselves and other local governments, and within any local government they have enterprise operations that they will from time to time borrow from under agreement. Well, the balancing of the budget is where the shell game is played. What income source is promoted to the public to balance the budget is tax income. What is excluded is a mention or review of the many specialty investment funds; enterprise wealth; or balancing out standing balances from the many advanced liability accounts for need verses practical use towards the overall picture. This again by omission being 100% in compliance with a government agenda

3. Fifth paragraph: "a cushion from 20% to 75% more than their budget actually require" This type of fund is what is designate (entitled) the rainy day fund and is addresses above.

4. Sixth, seventh, and eight paragraphs: California the (PMIA) and (LAIF) are mentioned. These funds you can view as deposit accounts for other local governments. You would not want your bank or brokerage account to take your investments and tell you: "We needed your funds so we took them. gone" No you would not. The issue here is not taking the funds but looking at where the funds came from in the first place. Back about ten years ago Rebekah Southerland from the Carolina's brought to my attention that the Edgefield County School district who was crying poverty, who needed a tax increase due to budget shortfalls had twenty-seven million dollars invested with the local government investment pool at the same time that they were promoting a budgetary shortfall. Per these types of funds in different states, here is where the looking per the example given of Edgefield needs to be done.

5. Ninth, tenth, and eleventh paragraphs: Here the screw turns. "downgraded to just above that of Greece, driving the state's interest tab skyward" I have noted in many of my articles that government promotes debt at the front door and funds it with their own investment assets through the back door. Here the banks act as the middle-man for a piece of the action. Government invests massive funds with the banks and then the banks use that investment capital to fund government's own debt instruments. Government in turn then gets to lock the people into repayment of that debt guaranteeing themselves a good return through the banks from their original investment. And you thought the banks were responsible for all that usury interest drain on the population. Again, the banks are the middle-men getting a piece of the action. If it be consumer mortgage; credit cards; government debt, government is the primary investor in each! Government bailouts of the Banks??? They were making sure their OWN investments stayed in the black. GET IT?

6. Twelfth paragraph: CalPERS is mentioned. EB mentions three large funds in her article when from all local governments in CA there are over 100,000 funds large and small that in collective totals dwarf the totals expressed in her article. A conservative estimate if collective total value from all local government investment funds "in" CA were totaled would be 8 trillion dollars. Per the CalPER fund I have mentioned it in the past a few times but the real point of interest that I have mentioned over and over again is the off-shoot of CalPERS called "CalPERS International" that was set up in the early 80's to do international assignments of investment capital for not just CA but any local government in the USA. CalPERS International on their CAFR will show low balances of 40 to 50 billion dollars when you look at it. This is being that it was set up as a transfer assignment entity to assign the investments worldwide under different management groups. So even though trillions have funneled in and out of the door for assignment, what they show on their books in the final accounting of their CAFR is what is in the process of going out or coming back in. NOT what has been assigned under management which is in the trillions of dollars. Through that massive pool of assigned funds scattered around the globe but under the direction of "CalPERS International", they have now as off-shore funds outside of direct scrutiny of the CFTC and SEC moved the markets and in fact have allowed for the destabilization and takeover of countries. EXAMPLES: Mexico in the 80's, Soviet block countries in the 90's, and the cross hairs being on China and India in the 2000's.

The CA State budget promoted shortfall could be corrected AND done so with an extra 20 billion applied for a buffer from less than a SMALL fraction of 1% equally allocated from the many and all collective holding / investment funds from all local governments in California..

7. Thirteenth paragraph: The use of "meager interest" is 100% false. They reap tens of billions of dollars per year doing what they are doing on these two large funds she mentioned. And then for a bait and switch the mention of: "It could do this by owning its own bank."

8. I never once in over a decade of disclosure given have mentioned or recommended a "state owned bank"

The article has the effect of saying: "Look there is sand on the beach" as she holds some sand in her hand and then says: "now we must turn the beach over to the state under a new structure of state banking".. REALITY CHECK: the state (government) already has control over and owns the beach so let's let them double tax us for the sand on the beach by letting them loan it back to us at interest as they continue to generate massive investment returns from the beach they have taken over and own already. Slick sound-bite portrayal me says, but then Ellen is an Attorney.. so 1 + 1 = 93.... and from that equation in reality it equals: 2 for the people 91 for government.. She gets an A+ on that one, as an ex-attorney that is and scores some brownie points with the government gang.

I did not appreciate the use of my name and the CAFR to do a bait and switch misdirection damage control article indicative of being 100% in compliance with a government agenda.

READ MY LIPS: There is no need for taxation period! Collective government since 2001 now brings in the largest percentage of their gross income from investment return! A complete and true audit of "all" government domestic and international investments that cuts through the smoke and mirrors pulling back the curtain exposing the wizard will establish this fact in conjunction with that all taxation can be eliminated with the application of the TRF creating a prosperous world economy by capital investment now openly seen and thus properly used for all time to come. The Tax Retirement Fund application can and will do this one venue at a time when and if implemented.

Now, later, or never as always you and the forces behind and with you will decide.

Please share my comments with others.

Walter Burien - CAFR1
P. O. Box 2112
Saint Johns, AZ 85936

Tel. (928) 445-3532
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