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 your 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, its 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
narrative****************************************************
Ending visual text:
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
Email: CAFR1@aol.com
Tel. 1(520) 445-3532
© Citizen's Economic Victory Initiative
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:
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
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 (< ) direction 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 areas of government, you're now freeing up billions of dollars for use
elsewhere or re-appropriation into the CITA. So, with revenues being re-appropriated into
the CITA, via recommendation, from surplus revenues, from the sale of items which no way
should government be involved in - different venture projects, through the downsizing of
different areas of government, the CITA grows at a phenomenal rate, phenomenal rate! And
the sole principle of operation of the CITA is from the interest and dividend yield on
this massive trust fund that's building up, set up as an annuity pension fund for the tax
payer. The interest and dividend yield subsidizes and cancels the budgetary requirement of
government.
We are changing the principle of operation of government here,
which affects each leaf, branch and tree within government. It makes government now not
the runaway spoiled kid taking more, more, more, more. It changes the principle where
government now becomes the prudent financial manager who is operating from the interest
and dividend yield on the existing CITA fund account and also monitored and streamlined
where there becomes a surpluses in the CITA for return to the resident property owners, on
top of no taxation, from their prudent financial management of their operations. This is
essential to have happen. Now, the CFAs and the CITA, their principle of operation, number
one, what I . . . what I recommend for the initiative, is that the CITA and the management
of the CITA and the CFAS, which is a private organization run by you folks, the public.
The public hires, fires and determines who is going to be on the CITA and the CFAs used;
these individuals, number one, they should be compensated from, first of all, the revenue
that they identify for re-appropriation into the CITA. They should get 1.5% of that
revenue. Also, on the performance of the fund they should get 1.5%, of the performance. If
they accomplish a 17% rate of return, 15.5% now is going towards supplementing the
budgetary basis. This gives them a phenomenal incentive to, number one, identify revenues,
and number two, performance on the fund when they are re-appropriated into the CITA. They
cannot be bribed; they cannot be bought off; they have a phenomenal incentive for the
growth of the CITA which has the sole exclusive principle of operation of supplementing
the budgetary basis so that government is operating from the interest and the dividend
yield, and also streamlining government so there's a surplus in the CITA. They maintain
their jobs by performing for you.
Now, being that the CITA is not a government body, it does not
have governmental authority. They may identify funds and revenue for re-appropriation and
that government agency, they say, "We're not going to give you one dime." That's
a big problem for them, here, folks. The majority of these revenues that are identified,
the public was not aware of in the first place. The CITA . . . the CFAs are putting
together a Certified Financial Statement which identifies the revenue, surplus, identifies
the assets for sale which are not benefiting directly the public, identifies the
downsizing of government which will generate X amount of millions of dollars or billions
of dollars in surpluses. And, if that government agency says, "Sorry," well,
through disclosure to you, the public, the public will mandate the re-appropriation, will
mandate the sale of these items. The game is over, folks, for them. They cannot continue
business as usual with disclosure. It's our choice. It' s our heritage. It's our right. We
fell asleep at the wheel. We allowed this to happen. We cannot depend on someone else
doing it; we can't sit back and say let's see what happens; we have to make it happen.
History is written, not based on best wishes and watchers. History is written based on
doers and people that make it happen. Now, across the country - city, county and state -
everyone who is ready to stand up and take control of this situation for the benefit Of
all should be tracking down CFAs, Certified Financial Auditors. Look at the retired
community. There are many a CFAs out there who would love to participate in this venture
project to benefit the public. Find them; get them involved. Now, when the CITA is
established, upon the identification of the surplus revenues and the Certified Financial
Report being put together and what's recommended for re-appropriation, what it means on a
budgetary basis, satisfying the budgetary basis, potential surpluses after satisfying the
budgetary basis; that report is now distributed to the populace. You can then write an
initiative, a referendum, in your city, county or state. You have the Certified Financial
Report, in your hand, which states, "With this being done, we can eliminate all
taxation within our city, our county, our state within X period of time, if not at
present. Additionally, with the operation of the CITA, on top of the elimination of all
taxation, we have the ability, within X period of time, or at present, to offer a refund
check to every resident of this community on top of the elimination of all taxation.
Folks, this is the way it should have been a hundred years ago. It's the way it can be
tomorrow, only if the public unifies, in force, to make it happen. We've allowed a runaway
freight train to take place here.
As I mentioned earlier, 30 years ago government was 6 or 8% of
the GNP of this country. Currently, we're standing at 48%. It's time for us to take
control of the reins. Folks, let's make it happen.
Now, since disclosure started 18 months ago on the national
level, I remember about five months ago, I had an e-mail from a political leader out in
the Midwest. She wanted to know a little about the topic of the Comprehensive Annual
Financial Report and she basically said " Well, this is very complicated, can you
boil it down to a simple analogy which everyone could understand?" And I replied with
the following. I said, basically, we chose to ... we had a government, which we . . .we
knew we needed a military, we knew we needed protection of our country, we knew we needed
certain services and conveniences provided by government, so, I refer to government as the
foxes.
The foxes have been writing the laws on how many chickens they
can eat from the hen house. At first, out of our 3, 000 chickens, we gave them 100 per
year to perform their services for us. They ate them and said they needed 200 chickens.
So, we gave them 200. They ate them, and then they said they needed 400 chickens. So, we
gave them 400, but we started complaining, saying enough is enough. So the foxes said they
needed 440, justifying 440 with any logic available to them, but realizing that we were
complaining about giving them 100, then 200, then 400, they, in their wisdom, started to
put 150 chickens aside each year, in their own hen house, held by them and undisclosed to
us. Well, after many a years, many a decades, in the fox's own hen house, they have
collected 6500 chickens. (Total available revenue, not tied directly in the publicly known
budgetary basis, or the operating budget.) As they continue to collect, now, 510 chickens,
the disclosed operating budget, as they cry to us saying they are barely getting by on the
510, but since we are complaining about the-510, they will cut back the annual take to
490, at great sacrifice to them, the foxes.
Well, folks, this is a pretty good analogy of what's going on,
in simple form. We've had the budgetary basis rammed down our throat, the budget . . .
"We have a shortfall of money for the schools, we have a shortfall of money on the
budget for ... a ... the police, we have a shortfall of budgetary money for the city and
we're going to have to throw these little old ladies out on the street - we can't take
care of them anymore. We're going to have to shut down the parks, we have shortfall of
budgetary money."
Well, folks, we have a two-sided game here; the budgetary basis,
which you can compare to your annual operating budget of operating your house and we have
the total revenue, the decades of investment funds, the decades of different venture
projects that have built up into billions and billions of dollars of assets, with no
direct tie what so ever with the budgetary basis. It's time to take back control.
Now, I'd like to address one issue - the most important issue -
regarding why this has happened. The obfuscation of our wealth, to this degree - $60
trillion in assets now held by composite government - would not have been possible without
the 100% cooperation in partnership of the syndicated media - ABC, CBS, NBC, CNN, the
syndicated newspapers owned by a few in this world. It was in their interest to make sure
business continued as usual for composite government, folks. If you look at the revenue,
carte blanche revenue they get from composite government sources - city, county, state,
federal, grants, direct payments - it is a substantial portion of their annual revenue
generated each year.
If you took at the games that are played, back and forth, the
elbow rubbing, it's phenomenal. If you look at different state agency groups, federal,
county, city, you'll find out a high percentage of ex-editors and reporters now in carte
blanche executive directorships within state government, federal government. I mean,
government has bought off the cream of the crop of the reporting field, editors,
producers, directorships are given. It's like winning a lottery ticket for them. The fix
is in deep here, folks. And in the media, they have been getting the Comprehensive Annual
Financial Report for over 35 years. They know what it is. They know that the Comprehensive
Annual Financial Report shows this (large) much revenue compared to what's shown on the
budgetary basis (small). Yet, we have the media constantly referring to "Well,
there's a shortfall of budgetary revenue. Ah ... this problem under the budget, that
problem under the budget. Ah folks, pay your taxes this year so we can support the
budget."
Not one mention of the Comprehensive Annual Financial Report,
not one mention of the difference between the cash gross receipts and the budgetary basis,
not one mention of the massive investments funds held with no direct tie whatsoever with
the budgetary basis. Not one mention of the autonomous agencies, the toll ways, the
roadways, the bridges, the financial authorities, are not tied. in with the budgetary
basis where not one dollar goes back, not one mention! This is not accidental folks, this
is intentional.
I was doing a radio show about two months ago, Tom Valentine,
Radio Free America. And I mentioned to Tom the aspect of ... that the media is in 100%
partnership with composite government. A few minutes later he mentioned, he goes
"Well, it's so hard to get the media to report on the truth-and do their job." I
said, "Tom, I don't think you heard me." I said, "The media is in 100%
partnership with composite government. They are doing an excellent job. They do exactly
what they're supposed to be doing in partnership with composite government, to make sure
the public is looking off in right field as they continue business as usual in left field.
They are doing their job, based on that partnership.
It's important to understand, folks, that communication on this
issue, to get the word out for comprehension to reach every person in this country, it
requires each and every one of us to pass the word. There will be a total blackout from
the syndicated media. They have perpetuated the game over the last 65 years through a
total blackout as to disclosure. So it is important ... in fact, when you go to your
editor or your news producer, you may see this show, and say "I'm going down to my
editor right now and make sure he knows about the Comprehensive Annual Financial Report
and we'll have this on the front page tomorrow. " Well, folks, before you do that,
call the mailroom of the agency that puts out that report. Confirm your editor has been
receiving it for the last 15 - 20 years, since he's been editor at that paper. This way,
when you approach him, he says "Why, I never heard about that, I'll have to look into
it," you'll know he's lying straight to your face. Tell him to get out of town. The
intentional nondisclosure taking place within media, I call it criminal culpability,
intentional' criminal culpability for nondisclosure, on their part." There's
nothing else. In fact, its close to treason, because through their nondisclosure, the
syndicated media, in cooperation and in partnership with composite government, they have
allowed, they have facilitated the unabated obfuscation of the wealth from the rightful
owners of this country, you, myself, all of us, the American people.
So, pass the word. This has to get around across the country,
person-to-person, mouth-to- mouth. We're not talking about any gray areas here....
speculation. You look at the reports, and using fifth-grade addition skills, you see the
complete financial takeover of the wealth of this country. If you take the time, add up
the totals, city, county, state, 'and federal, $60 trillion in assets, folks. Of which $32
trillion in common stock ownership. The mark ... the government is the market. Period.
It's time for us to take the reins back into our hands, slow down that runaway freight
train. We have to make it happen, and we have to know what we're up against and the media
is what we're up against here, on the nondisclosure. We have to break that wall of
silence.
And folks, if you'd like to put the pressure on, on the city,
county, and state level, there is a letter, which if you request, I can e-mail to you,
which will cover requesting specific items for disclosure to you. And if you request
that
my e-mail address, CAFR1@aol.com, just request "sample letter" and
I'll make sure it gets into your hand, and I guarantee you when it's sent off, the boys
are going to start squirming because it mandates disclosure. If you want it, just request
it.
Now, as I mentioned, we started disclosure of the Comprehensive
Annual Financial Report and the structure behind it, it started June 8th of 1998, and it's
been approximately 18 months. The first disclosure took place on Tom Valentine's radio
show, and it was noted as being the most important issue in the last 200 years in this
country as to what was being disclosed. Now, five months ago I got a call from Tom ... you
know, we've ... I've reached probably 30 million people via 60 different international
radio shows. There's been 10 publications now with featured editorials, nothing from the
syndicated media, they won't mention one word. But, Tom called me and he goes,
"Walter," he goes "we're wasting our time. The American public is stupid.
Here, we gave them the biggest story in the last 200 years, on a silver platter, spoon-fed
them, and no one is doing anything from across the country." He goes "We're
wasting our time."
My response was, very simply, I said "Tom, we're up
against the largest organized syndicate on the face of the planet, a multi-trillion dollar
organized syndicate run by the sharpest crackers on the face of the planet, who spend
billions and billions of dollars to make sure the public is looking in right field as they
conduct business, as usual, in left field. And they have the full 100% cooperation in
partnership of the syndicated media to continue business as usual. I said, "Picture a
22-pound rock sitting on a mountaintop and you wanted to flip it off the side of the
mountain. You apply five pounds of force, nothing happens; ten pounds, nothing happens;
fifteen pounds, nothing happens. You apply 21 pounds of force, the rock rattles a little
bit, but nothing happens." I said, "With all of the disclosure that took place
to date, the radio shows, the different articles that have come out, we've applied a 5
pound force on a 22 pound rock. Law of physics, nothing is going to happen." I said,
"What is required, what is essential, mandated here, is for a few heavyweights, one
or a group, to step forward, who can apply 35 pounds of force on that 22 pound rock. And
you want to see how fast it's gonna fly? Real quick!
So, I emphasize the point. What is required at this point
in time, are for some heavyweights, some sincere individuals who have the ability
to take the bull by the horns and flip it on its back, to come forward and apply the
effort and financing necessary, so we can apply that 35 pounds of force on that 22 pound
rock. If that happens, we'll start the tidal wave, folks. -That tidal wave will crest, and
the effect of that crest will be effective action that will sweep across this country to
return the wealth of this country back into the rightful owners of that wealth: the
peoples of this nation. And we can set the principle of operation up in composite
government where, for all time to come, for our children, their children, and their
children's children. No more taxation, and actually, government performing a positive
benefit through a given return to the peoples of this country by performing their function
and business as usual. Thank you.
***************End of Additional Information Add-On***********************
"All that's necessary for evil to triumph is for good men and women to do
nothing."
Awaken. Help us to regain our country!!!
Sample letter that can be sent to various government and private
agencies;
Be sure to substitute the name of the governmental entity you
are interested in for all mentions of Local Government Entity. (i.e. Municipality, City,
School District, County, State, Enterprise Authority, tollway, golf course, port
authority, financial authority, etc.) who produce a Comprehensive Annual Financial Report)
Also, put your own name in place of all mentions of "Your Name".
************************************************************************************************
Date
Certified
Mail # 123 456 789
From: Your Name
Your Street or P.O. Box
Your City, Your State & ZIP
To: Finance Officer or City manager [if sending to a city or
county]
Auditor General or State Treasurer [if sending to a state] or
Local Government Entity
REF: FOIA Request
This is a request under the freedom of Information Act, and or,
the local government statutes governing accounting and financial disclosure. Please send
the following complete and accurate current documents for examining, photocopying, and
redistribution:
1. Provide a certified copy of the Local Government Entity's
most recent Comprehensive Annual Financial Report (CAFR), or Combined Financial Statement
(CFS), as required by GASB Federal, state, and local law. Also send a copy of whatever
subsequent financial reports are referenced within the notes of the CAFR or CFS. It is my
understanding that School Districts are required to file their own CAFR or CFS. If
available in digital format, please advise being that I wish to produce these records at a
reasonable printing cost for distribution to interested parties from the public.
2. Please identify and provide bona fide full written disclosure
of the revenue structure, whether budgetary or restricted by statute or the like, for any
and all of the Local Government Entity's general and/or venture projects, whether handled
directly or indirectly by the Local Government Entity or handled directly or indirectly by
designated agents. If handled by agents, please provide bona fide full written disclosure
of the names and addresses of all such agents.
3. Provide a bona fide full written reconciliation between the
Local Government Entity's CAFR or CFS and the financial statements as shown within the
Local Government Entity's annual operating budgetary accounting statement(s).
4. The Local Government Entity has substantial revenues in CAFR
comprehensive disclosures of cash and investments. Provide a bona fide listing of all
recent audits and designated account numbers for these revenue accounts including, but not
limited to the Local Government Entity's general venture / enterprise revenue accounts.
5. Provide a copy of the CAFR or CFS mailing log records for the
last 5 years of everyone that received a copy of the CAFR or CFS. Such records are
required to be maintained by Federal, state, and local law.
6. Provide a bona fide comprehensive listing of all corporate
governmental entities that produce a CAFR or CFS that doe business for or within the Local
Government Entity.
7. Provide a bona fide copy of the policies, process, and/or
parameters used to determine surpluses or potential surpluses from dedicated funds and the
procedure in which refunding of excess revenues to the citizens can be accomplished and/or
such surpluses transferred to eliminate budgetary deficits and/or cause the profits
resulting from governmental activity to directly benefit the people. This letter is to be
considered as written Lawful Notice, from me, Your Name, of your required oath of office
and fiduciary responsibility to provide a bona fide full written disclosure when answering
this request.
8. Provide a copy of any federal or state RICO statutes that are
applicable or govern the Local Government Entity's jurisdiction as they apply to financial
fraud and/or misappropriation of funds.
9. Send a copy of the Local Government Entity's policies,
procedures, steps, etc., that are utilized to bring about the simple and conspicuous
mention of the Comprehensive Financial Report and/or the Combined Financial Statement to
the general public for educational and mandatory disclosure purposes.
Note: What I, Your Name, am requesting with this letter is a
bona fide comprehensive summary accounting disclosure of all financial statements as noted
above. If you have any questions about the outlined requests contained herein, please do
not hesitate to contact me in writing.
Thank you for your assistance.
Sincerely,
Your Name
All Rights Reserved
cc: [Suggest sending a copy of your request to newspapers, and other public servants.]
***********************************************************
The
order form for the video: The Biggest Game In Town, is as follows:
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By: Mail use the following order form:
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-----------------------------------CUT
HERE--------------------------