| Comprehensive Annual Financial Reports Expose Fraud - PART 3 by: Walter J. Burien, Jr. |
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Debt Elimination Home Basis for REAL Debt Elimination Mortgage Analysis / Compliance Tax Freedom is Debt Elimination Draft Freedom is Debt EliminationChild Protection is Debt Elimination Credit Repair is Debt Elimination |
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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.
Taking Back Your Power by Allen Aslan Heart WHAT CAN YOU DO? Stop playing THEIR game. Take back your power. Stop paying taxes that are not legal or lawful. Stop paying bills you don't really owe. Stop using THEIR money. There ARE ways if you open your mind and look for the gaps in their fences that keep the sheeple in their pasture. Are you chattel or a real person? You are the one who makes that choice. Our experienced debt elimination service professionals have been helping people with debt elimination, tax freedom, and credit repair for over ten years. To contact them click here.
This Real Debt Elimination information is for the purpose of education and broadening horizons ONLY.
© 2007,
Allen
Aslan Heart / White Eagle Soaring of the
Little Shell Pembina Band,
a
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