Sat Mar 23, 2024 11:33 pm by globalturbo
The CAFR Scam
What is the CAFR Scam?
CAFR: Comprehensive Annual Financial Reports
About one-third of our tax monies are recorded and identified as a
government’s “budgets”. The other two-thirds are buried in their
comprehensive annual financial reports (CAFRS) as various “investment funds,” “dedicated funds” and “pension funds.”
This fraudulent contemporary accounting procedure is what is known as the “CAFR scam”.
How much money is hidden in the CAFR?
These government comprehensive annual financial reports (CAFRs) show many billions of our local public monies have become legally unavailable to us (in Washington State it is $83 billion).
On an national level these funds reach into the trillions.
We are at a time of bank-engineered global economic depression when
these governments at all levels are claiming that they have severe
deficits. In Washington State, the public budget deficit is claimed to
be near $2.5 billion (Washignton State’s investments in the commercial banking cartel alone represent nearly $5 billion of public funds).
Where is this hidden money invested?
Rather than being invested in the resident people whose
money provides the basis of these investments, most government
investments hidden in the CAFR are made in foreign entities such as:
Many of these government investments are in toxic investment instruments
such as derivatives and collateralized debt options (CDOs) set on
unstable “trading platforms” that are set to collapse in the near
future. These toxic investment instruments are based on the purchase of
packaged debts, and constitute legalized gambling on the stock markets
with billion/trillions of our money using the most irresponsible methods imaginable.
There are Immediately Viable Economic Reforms
Bringing Criminal and Civil Charges Against Public Officials
The CAFR Scam constitutes deliberate denial of remedy, showing a pattern of criminal intent.
If, therefore, these governments ignore the presence of these hidden funds and persist in enacting genocidal budget cuts to basic human services without applying viable available remedies, they are violating national and international laws.
Thanks to: http://nowisthetime.us
What is the CAFR Scam?
CAFR: Comprehensive Annual Financial Reports
- the actual amount of monies taken in by the government through taxation, withholding and other payment methods.Governments at all levels in most nations – like many criminal enterprises – keep two sets of books.
About one-third of our tax monies are recorded and identified as a
government’s “budgets”. The other two-thirds are buried in their
comprehensive annual financial reports (CAFRS) as various “investment funds,” “dedicated funds” and “pension funds.”
This fraudulent contemporary accounting procedure is what is known as the “CAFR scam”.
How much money is hidden in the CAFR?
These government comprehensive annual financial reports (CAFRs) show many billions of our local public monies have become legally unavailable to us (in Washington State it is $83 billion).
On an national level these funds reach into the trillions.
We are at a time of bank-engineered global economic depression when
these governments at all levels are claiming that they have severe
deficits. In Washington State, the public budget deficit is claimed to
be near $2.5 billion (Washignton State’s investments in the commercial banking cartel alone represent nearly $5 billion of public funds).
Where is this hidden money invested?
Rather than being invested in the resident people whose
money provides the basis of these investments, most government
investments hidden in the CAFR are made in foreign entities such as:
- Foreign governments
- Quasi Public Banks / International Agencies (similar to State Banks formed in other nations)
- Predator Corporations
Many of these government investments are in toxic investment instruments
such as derivatives and collateralized debt options (CDOs) set on
unstable “trading platforms” that are set to collapse in the near
future. These toxic investment instruments are based on the purchase of
packaged debts, and constitute legalized gambling on the stock markets
with billion/trillions of our money using the most irresponsible methods imaginable.
There are Immediately Viable Economic Reforms
Bringing Criminal and Civil Charges Against Public Officials
The CAFR Scam constitutes deliberate denial of remedy, showing a pattern of criminal intent.
If, therefore, these governments ignore the presence of these hidden funds and persist in enacting genocidal budget cuts to basic human services without applying viable available remedies, they are violating national and international laws.
More details:Case Study of the CAFR Scam:
The Washington State Investment Board
The Washington State Investment Board (WSIB) is the
agency responsible for investing all of the pension/dedicated funds
controlled by the Washington State government, specifically the
legislature. It openly defines and conducts itself like a private
corporation, not a public agency.
This body was behind Issue 4215, the successful if disingenuous 2006
initiative to amend the state constitution to allow state monies in
dedicated funds supplied by corporate natural resource extraction to be
invested in corporate Wall Street investments, instead of being held in
trust for higher education. Eighteen months later, the bottom fell out
on Wall Street, devastating these funds while triggering increasingly
draconian budget cuts and unaffordable tuition at state/community
academic institutions.
Complete post:
Case Study of the CAFR Scam: The Washington State Investment Board Posted by nowisthetimeus on November 10, 2011
- What is the CAFR Scam?
- How much money is hidden in the CAFR?
- Where is this hidden money invested?
- We, the people, must demand functional reforms
- Bringing Criminal and Civil Charges Against Public Officials
- Case Study of the CAFR Scam: The Washington State Investment Board
- Quick analysis of the Washington State Investment Board 2010 Investments
Thanks to: http://nowisthetime.us
