| Comprehensive Annual Financial Reports Expose Fraud - PART 5 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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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.
 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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