By Walter J. Burien, Jr.
.HISTORY: It has been reported that trillions of collective dollars not shown in government Budget reports are shown through Government CAFR reports and they are virtually never openly discussed by the syndicated NEWS media, both the Democratic and Republican Party members, the House, Senate, and organized public education, and as in such over the last 50 years the domestic and international investment assets of US Federal and Local Governments as a whole have taken over the Stock, Derivative, Insurance, and Debt Markets. The collective private sector's assets and investments as of 2000 are now insignificant in comparison with what US Government now owns by and through investment.
With, and being that the CAFR is "the" accounting document for every local government, and with it being effectively "BLACKED OUT" for open mention over the last 60 years, and that this fact of intentional omission of coverage is the biggest financial conspiracy that has ever taken effect in the United States.
Submitted 10/23/06 and 02/01/07 to Snopes.com through:
To DOWNLOAD examples of State CAFRs, some City, County, and School District CAFRs, go to:
http://cafr1.com/listings/Listings.html (NOTE: link updated 2016)
Walter J. Burien, Jr.
P. O. Box 2112
Saint Johns, AZ 85936
Pension funds pay a salary at retirement. Any local government can be restructured to meet their annual budget needs "Without" Taxes in the same fashion. TRF (Tax Retirement Funds) now meeting every City, County, State's annual budgetary needs! They have already proven that it will work! CAFR1 says: Make it law and make it so!
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CAFR1 NATIONAL RELEASE - 02/22/07
TOPIC: SCHOOL BOND ISSUES
---------------------------- Original Message ----------------------------
Subject: School Bond issues
Ask the school district / state for a letter as to who funded the School District's last several bond issues. (Get the investor information)
Then get a letter from the treasurer that the school district and or the state do NOT use their own investments funds to fund their own debt. Local governments through shell investment firms that they may start themselves or contract out with will use their own investment funds to fund their own debt and thus move money out of sight of the public to lock in a long-term investments for themselves and a debt under their "Budgetary" expenses for the public to repay.
No reply, or an illusive reply not answering that specific question is in any light an admission of their participation.
Put that can of worms out for the public to digest of their local governments over the last 20 to 30 years have transitioned into funding their own debt (bond issues) and see what happens. (The best result would be for much of the standing debt held is vacated against the standing investments held by the same local government entity) The only justification I got from the local government financial managers was that: "Look at what a good job we are doing investing the public's funds, we got them a .25% (quarter percent) lower then they could have got from the private sector."
This practice of self-debt funding by local governments now exceeds several trillion dollars in composite totals. The cost of interest for that debt is shown on the "Budget" report and the returns from the investment that funds the debt is shown in the note sections of the local government's corresponding CAFR "Comprehensive Annual Financial Report".
NOTE: It is some times better to go to the State run Enterprise Authority handling the financial investment and do a reverse look at what local governments are participating and for how much.
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