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:
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 (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, 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.
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