by deb - Southern Cross
THIS DOESN’T JUST APPLY TO THE U.S.
Although most people do not know
what this report is or its intent, every town, city, county, state and
federal corporation puts out an annual CAFR. Right under our noses, the
corruption is laid out in black and white … IF you know HOW to read one
of these reports. America is NOT broke. Each corporation has PLENTY of
money FOR THAT RAINY DAY … and then some! Wonder why some of our area
representatives live so well regardless of the money they actually make?
Eagle from Free At Last: shiftshaper.org
local government agencies may be whining about the budget and how they
don’t have enough money resulting in higher taxes, cutting services or
both. They cite a budget shortfall and need us to dig them out now!
Next time this happens ask them to look at the cash account on the
statement of net assets from the comprehensive annual financial report.
Say what is a CAFR?
governmental agency produces this document by law yet the Federal
version is a labyrinth compared to the State level on down. It’s simply
a statement to the wealth of the government, the sum total of
everything we’ve entrusted them with. Would you say they’re doing a
lousy job? When we don’t have the money from a paycheck we dip into
savings and the government has done a great job of saving a giant pile
of your money! In the past few years a few politicians have begun to
question these savings demanding at least a discussion of them. Here is a story from Oregon detailing one such discussion on how to use the funds.
Recently the most famous case has been CA with their deficits yet lets check the 2010 CAFR ,
pg 46 they have $25 BILLION sitting in the cash account alone which is
invested in federal treasuries and other short term investments. This
is the total of decades of over collecting taxes, taking too much from
us and yet some of the same people who know this come begging us to pay
more taxes! They had over $11 BILLION in receivables; I wonder what the
past due ratios are!?
government isn’t a for profit company is it? Wasn’t this social
contract a giant trust agreement anyway? There is money sitting in the
coffers of these government accounts that are controlled by who? That’s
the real question as you dig deeper and deeper you start to look at
pension funds and where that money gets invested and you sum total all
the various lower levels on up and the big picture doesn’t really
surprise you. Time is short so I won’t digress into that so lets focus
on what we can do.
up! Google “Comprehensive annual financial statement” — not “CAFR” —
and the name of the government entity being researched — lottery, school
district, water district, city, county, or state etc. Find the
statement of net assets, look at the first line, this is cash! It might
be held in short term government debts but its liquid like cash. Lets
start forcing this question to be answered whenever we interact with
them! Let’s ask the hard questions!
There is a lengthy 3 hour documentary on the extent of this scam by Walter Burien who runs a website CAFR1.com
detailing the extent of this duplicity. Time is short and the time to
act is now so get a handle on the basic idea and just go with it. Look
up as many as you can but Walter has most of them listed on his site to
save some time. For a great analogy check out this article . Tell everyone who will listen but it is hard to accept, they programmed us well. Time to take the red pill folks.
Tip of the Hat to Patrick Ivy .
Watch 9:59 Video and Learn Much More or Corporation Nation 01 to 20
Wikipedia: Comprehensive annual financial report
Thanks to: http://oppttheunfoldingstory.wordpress.com