If your State or County is not listed, send an E-Mail to a
neighboring State saying that you have their State CAFR report,
and you would like to do a comparison study of your State's CAFR
report, and would they please E-Mail you back with the department,
telephone number and contact name in YOUR State + Counties + large
Cities to get their CAFR report. The States all share each others
CAFR reports for comparison..
The following example is for the state of Texas, but applies
to all States in varying degrees. Some more some less:
Get the Texas State 1997 CAFR - It lists under the "local
Government Investment Pool" 5.5 Trillion. States own investment
totals 2.8 Trillion. Texas government composite totals 8.3
Trillion. ( that's - $8,300,000,000,000.00 )
"The Texas CAFR states that the State of Texas has $8.3
trillion in investments. If we arbitrarily assume at this point in
time that $2.8 trillion is for retirement and pension plans, etc.,
that leaves $5.5 trillion in surpluses.
What does this mean? If Texas has a population of 20 million,
the $5.5 trillion means the State of Texas with all of its
governments has $275,000 in surpluses for every man, women and
child in the State.
For a family of 4, the State of Texas local governments have
$1.1 million of your money that it is not being used to run all of
the governments "Budgets" in the State of Texas.
Another way of looking at this is to say that if all the
governments in the State of Texas were required to apply the
income, say at 7.5%, first to the operating budgets of all the
governments in the State, estimated at $215 billion, and then the
balance as a dividend check to each man, women, and child in
Texas, Texans would no longer have to pay any taxes and each year
each person could receive a dividend check of $9,875 or $39,500
for a family of 4 from now on.
Do you know what this would do for the economy of Texas? It
would explode creating the greatest economic expansion in Texas
history.
These types of surpluses are in every city, county and State
in the U.S. It is time for the people to start finding out about
these surupluses and start doing something about them."
California State CAFR 1997, lists total investment assets of
about 3 trillion "BUT" in the notes it will direct you for the
complete accounting to the "Legal Basis Comprehensive Report"
showing 12 trillion under management.
Just so we don't miss the most basic point here, composite
government has amassed in total liquid assets, 60 trillion dollars
plus. The total net worth of the private sector is 25 trillion.
Get the point......
There are 10,000 cell operations that make up the whole. The
principle of operation is: Through trickle down economics, just
enough revenue is released to the public to keep the chipmunk
running on the treadmill chasing the carrot, as they, the
composite government boys, tap off 80% of the energy from the
treadmill, thus keeping the public working at optimum efficiency.
Why do you think Gorbachev went democratic?
Composite Government funds, listed as institutional fund,
managed by listed institutional investment companys, own 71% of
Xerox Corp., 41% of AT&T, 57% of Motorola, etc. Get the
point.....
Insurance company equity participation, (mandated federal law
1969, enacted for full effect after a 10 years compliance period
in 1979), for 1/3 of the value of the insurance policy, to be on
deposit and held by the insurance industry as a major catastrophe
fund New Jersey State 1998 CAFR is 34 Billion dollars invested
with insurance company equity participation, California is 1.8
trillion dollars, Federal is 4.6 trillion dollars. The revenue in
the catastrophe fund, 86-90% is provided by composite government
investment funds. That's about 8 trillion dollars. Do you know
what the annual interest income is on 8 trillion at 4 to 5%. Get
the point......
Undisclosed tax through enactment of law on the insurance
industry for the creation of the fund, where they, composite
government, provided the revenue to meet the revenue requirements.
Ever wonder why auto insurance rates are so high and payment is
enforce by armed force? Well, lets see, Arizona, min coverage is
$30,000 1/3 = $10,000, 5% annual interest on $10,000 = $500. My
insurance is $658 per year - $500 = $158 to the insurance
company.. Get the point????
STOP LOOKING AT THE LEAFS ON THE BRANCHES OF THE TREES OF THE
FOREST... Look at THE FOREST... Composite totals show the clear
and unequivocal financial take over of the wealth of this country
from the people.
Composite government pension funds = 28 trillion dollars. The
entire private sector will never realize that amount. Get the
point?
Bottom Line____ OPEN DISCLOSURE TO THE PUBLIC OF COMPOSITE
TOTALS
First step: The CAFR has been hushed through cooperative
nondisclosure to the public. Immediate disclosure OF THE NAME of
the report to the public is paramount.
As of 1998 large sums of revenue, fiduciary and trust funds,
are not listed and are accounted for in other documentation noted
in the CAFR. Prior year reports 1997-1975 are imperative to be
looked at when following the money trail.
The NAME OF THE GAME is composite totals which shows the
degree of the financial takeover. Government has turned into a
virus and the public is the host for that virus. The problem is
that the virus is now substantially bigger than the host..
The Equivalent of the Comprehensive Annual Financial Report
(CAFR) for the composite totals of the majority of Federal
Government agencies is called the Federal Government Combined
Financial Statement.
Read the last page first. It shows what agencies are included
in the combined statement and those that are excluded. You will
see the ones excluded from the report as being the primary cash
and investment agencies. Are they worried that if they were
included that the balance sheet would show positive assets in the
trillions ?? hmmm...
Please get the word out today so that the public can see the
forest for the first time.
Thanks,
Walter J. Burien, Jr.
PS: The Initiative for the creation of the: Citizens
Investment Trust Account, which will be presented to the City of
Prescott, Arizona, will be sent out to you, when completed,
hopefully on Thursday 6/10/99.
Walter Burien's videotape, "The Biggest Game In Town", can be
purchased for about $15.00. Some of the information on the Net,
and the order form, are as follows:
The Video "The Biggest Game In Town" program 1 & 2 is now
airing on public access in over 20 states and should be aired in
all states within two more months. It is also now playing in
Canada and Hawaii also.
Presidential candidate: Charles Collins, has stated to me that
the video, programs 1 & 2, will be put up through his web site
http://www.Collins2000.org
for continuous stream feed viewing internationally within 10
days.
The tidal wave is growing, and the direction of the wave is
cresting for the elimination of all taxation in this country. It's
happening, be ready to apply the ultimate push..
Yours truly,
Walter J. Burien, Jr.
C. E. V. I.
-------------------------------
Comprehensive Annual Financial
Reports (CAFRs)
Report on CAFR Research by: Walter
J. Burien, Jr.
Introduction
Walter Burien Jr. worked as a Wall Street Commodity Trading
Advisor (CTA) for fifteen years, but now resides in Arizona.
According to Mr. Burien, every state, county and major
metropolitan city is keeping two sets of books. One set (the
'Budget') is commonly available and tracks each governmental
entity's casts and tax revenue. The Budget is the financial record
that's seen by the public and used by politicians to justify new
governmental services and higher taxes.
However, there is a second set of books (called the
Comprehensive Annual Financial Report, or CAFR) which is virtually
unknown to the public but contains the real record of total
governmental income. According to Mr. Burien, although the Budget
gives an accurate account of government costs, only the CAFR gives
an accurate account of government's income.
For example, while a particular state budget might report
receiving $20 billion in taxes (just barely enough to sustain its
$20 billion in costs) - the CAFR might reveal the state's real
income is in the neighborhood of $60 billion - three times as much
as reported on the budget. If these allegations are accurate, the
particular state could stop charging all the taxes we are familiar
with and, not only survive but, either double the amount of
reported government services or give every citizen a huge tax
rebate.
The implications are mind-boggling. The CAFR's reveal that the
world is so different from what we are led to believe, so much
more corrupt than suspected, that we are left with three choices,
either; 1) government agrees to end the deception and stop
overtaxing us, or 2) the American people agree to accept their
status as slaves, or 3) both sides refuse to agree and precipitate
a shooting revolution. The issue is that big.
Are Mr. Burien's allegations correct? How could any
governmental entity dare to routinely overcharge its citizens by
200%, underreport its income by 2/3rds, and knowingly press for
higher taxes based on an inaccurate budget? Worse, how could such
a fraudulent system become widespread among all states, counties,
cities and the Federal Government?
Those who have made efforts to verify Burien's research
indicate that the conclusions drawn by Burien are probably
correct. For instance: The State of Alaska and the city of
Anchorage both use Budget/CAFR accounting systems that conceal a
'breathtaking' difference in reported revenue. Another researcher
in Wyoming claims that a comparison of his state's budget and CAFR
also support Mr. Burien's arguments. In every case, there are two
sets of books and the income reported on the budget is millions or
billions of dollars less than is reported on the CAFR.
These verifications of Burien's research and findings lend
credence to his allegations.
What follows is an amalgam of statements or implications
raised by Mr. Burien in various interviews.
Mr. Burien reports first discovering the CAFR report in New
Jersey in 1989, when he helped start and incorporated a New Jersey
tax protest group called "Hands Across New Jersey." While involved
with that group, Mr. Burien read in the state's Annual Budget that
the total cost of all public services was $17 billion and the "net
available" (the money on hand to pay all bills) was $24.6 billion.
But then he asked the first question the IRS asks in any audit:
"What are the gross receipts?" He added the figures from various
state government sources and came up with about $44 billion and
began to wonder how the state could have $17 billion in costs,
$24.6 billion in cash on hand, and $44 billion annual income? The
numbers didn't add up, so he began to dig deeper.
Because his father had been Personnel Manager for the State
Treasury for four years, Mr. Burien understood how to get around
in the various government departments. The state Director of the
Budget was on vacation, so Mr. Burien called one of his lowest
level assistants and said, "I'm working on a report for Richard
[the vacationing Budget Director] and I need all the
figures on the autonomous agency accounts, interest accounts,
investment accounts." The assistant said, "Ohh, you want the
CAFR." This was the first time Burien had heard of the CAFR but he
said, "Yes" and the assistant mailed it to him.
The 1989 CAFR showed that New Jersey had liquid investment
funds (cash) of $188 billion of which; common stocks worth $70
billion, $10 billion in loans made by the state due from public
and private corporations, and $14 billion in insurance company
equity participation. The little state of New Jersey, which
admitted to less than $25 billion in annual income on its budget,
reported $188 billion in cash, stocks, loans and equity
participation on its CAFR. According to Mr. Burien, "On that day,
I learned the definition of syndicated organized crime." Keep in
mind that most of the revenue and investments from the 21
counties, hundreds of cities, municipalities, school districts,
state financial authorities, pension funds, and 69 enterprise
authorities, all of which put out their own CAFR or Combined
Financial Statement are not inclusive with the state's revenue and
investments. Totals here when looking at composite New Jersey
government figures is well in excess of 1.8 Trillion dollars. Yep
you heard that right 1.8 trillion. Divide that figure by the
population of New Jersey to see the per capita share of the
wealth.
So why are the taxes in New Jersey some of the highest in the
country? The answerer is; Power corrupts, absolute Power corrupts
absolutely. Mr. Burien keeps emphasizing to the public that they,
the public, left the VAULT door open, and those sharp little
crackers said thank you very much. The problem is that most (95%)
of the public responds with, "Vault, what vault". With this well
entrenched attitude of naivety by the public in place, those sharp
little crackers now have even stopped saying thank you very much
as they plunder the wealth in their unabated efforts towards the
building of their own empires within the corporate structure of
Composite Government.
The scam worked something like this: Anything that was a cost
or expense for public services (the traditional side of the Annual
Service Budget, such as the Department of Transportation, health
and welfare, etc.) was reported on the Budget where public taxes
primarily paid 100% of the bill for those services. That was $17
billion. NOTE: The examples shown are for New Jersey, but apply
across the country in varying degrees.
However, any governmental agency that was a profit center (the
Port Authority for New Jersey, the New Jersey Turnpike, and
investment accounts, etc.) that generated no-tax revenue was
"restricted by statute from being reported in and benefiting the
Annual Budget. Why? Because the state legislature passed laws to
prevent reporting the income from investment or venture profit
centers on the Budget. Instead, income from these profit centers
was disclosed only on the CAFR or other financial reports
referenced in the notes of the CAFR.
But that disclosure was not immediately apparent. For example,
when Mr. Burien looked for New Jersey's 1989 "gross cash receipts"
in the CAFR, he found the figure buried on page 174, under the
"Waste Water Treatment Trust Fund." It showed the amount of the
total cash receipts (Cash Additions) for 1989 from all state
agencies, departments and sources was $86.799 billion. In other
words, New Jersey State Government from "all sources" was grossing
$87 billion to provide $17 billion in public services as seen in
the openly represented "Annual Service Budget". New Jersey
citizens were paying $5 for every $1 in services they received,
and the state was pocketing the other $4 as "profit."
When breaking down the true revenue income, the most important
revelation was that only one third of the states income came from
taxes, fines and fees. Two thirds of state governments income came
from "Other Sources" with no direct tie to the publicly known
budget. When looking at the openly disclosed "Budget", which each
year continued to grow at a runaway pace, here ever expanding
taxation primarily covered the expenses.
The CAFR also reported the state owned $32 billion in common
stocks - but this figure was footnoted. The footnote revealed that
the stocks were valued according to their original purchase price,
not the current market value. In other words, if the state bought
a stock in 1968 at $1.25 a share and it's worth $300 a share now,
they still report it on the CAFR as worth $1.25 a share. Burien
determined that the true market value for the "$32 billion" in
stocks reported on the New Jersey CAFR was actually about $70
billion.
But Mr. Burien goes further - he claims that the dual system
of books is not unique to New Jersey, but also common among the
over 54,000 local government corporate entities operating within
all fifty states. Moreover, he claims the dual accounting system
used ten years ago in New Jersey was created in 1946 through an
organization by the name of GFOA (Government Financial Officers
Association) and is the primary local government accounting
structure being used today.
For example, "In 1987 Arizona's annual service budget reported
$2.8 billion in revenues but the state's 1987 CAFR reported total
cash receipts of $3.1 billion, a mere $300 million
difference."
"However, in 1997, Arizona reported an Annual Service Budget
of $5.5 billion while the State's CAFR (printed by the Auditor
General's Office) showed total gross cash receipts of $17 billion.
That's a difference of over $11 billion. In just ten years,
Arizona had caught up to New Jersey in that both states' annual
budgets reported less than one-third of the actual gross income
seen in the states' CAFRs.
"CAFR and "Combined Financial Statement" reports indicate that
the composite totals for all government (Federal, state, county
and city) ownership of publicly traded stocks exceeds $32 TRILLION
(53% of the total ownership of all listed stocks from ALL
exchanges), $8 TRILLION in insurance company equity (should we be
surprised by high priced mandatory auto insurance or unaffordable
health care?) and $5 TRILLION in Bond Surety Escrow Accounts for
future liability of existing or potential debt.
Governments use Bond Surety Escrow Accounts to evade that
pesky little rule that government should not operate at a
"profit." That is, government should not impose more taxes than it
actually uses to run the government. By designating tax revenue
that exceeds operating costs as "Bond Surety Escrow" for future
liability, government avoids calling excess revenue a "profit" and
is thereby enabled to continue to enrich itself at public
expense.
To illustrate the potential for abusing "future liability
payments," consider the New Jersey plan in the 1950s to build the
New Jersey State Turnpike and Garden State Parkway Authorities.
The state asked voters to approve a $7.5 billion bond to construct
the turnpikes. The state explained that these turnpikes would be
operated as toll roads by the bondholders until the $7.5 billion
bond was paid off - but the bondholders could not operate the toll
roads at a profit. Once the bonds were repaid, the turnpikes would
revert back into the state's Annual Budget as a normal
cost/revenue item. The public voted Yes.
Over the following years, the state sometimes alleged that the
toll revenue from operating those turnpikes failed to cover their
operating expenses, and so additional bonds were passed to fund
the turnpikes. As a result, in 1990, the total bond liability
still owed for the turnpike had grown to $14.5 billion. But guess
how much was in the 'Bond Surety Escrow Accounts'? $38 Billion!
Enough to repay the original $7.5 billion bonds almost four
times!
How could that happen? Say the toll road made a $400 million
profit for the year and the scheduled payment on the $7.5 billion
bond was $100 million. The state made the $100 million payment but
kept the extra $300 million in a Bond Surety Escrow Account which
generated substantial annual dividend returns for 'future
liability payments.' Although they kept the $300 million, they did
not declare it as an asset but wrote it off as a line item
payment. In other years, even though they made a profit, they'd
allege that they lost money and therefore floated more billions in
bonds. (Guess who pays?)
The bottom line is that New Jersey and other local government
entities are collecting hundreds of billions of virtually
unreported dollars from "Other" operations. The motivating factor
is not public welfare, but control of those billions.
Mr. Burien not only alleges that the dual accounting system
exemplified by CAFR is not only used by all fifty states, but also
by all counties, cities and the Federal Government itself. If Mr.
Burien's allegations are correct, they comprise the most damning
indictment of big government yet seen. In sum, Mr. Burien implies
that our government is in fact a criminal enterprise bent on
oppressing Americans by extorting several times as much tax
revenue as it spends on public services and using the majority of
those extorted revenues to enrich, empower and enlarge government
at public expense.
Mr. Burien contends that the inner circle of the individuals
controlling the top wealth of this structure, have the attitude
toward the public of; Keep the Chipmunk (the public) running on
the treadmill, as through trickle down economics, just enough
revenue is supplied to keep the chipmunk running at optimum
efficiency as the top inner circle controlling parties tap off 80%
of the energy produced by the treadmill. The key words here are
"Optimum Efficiency" and by the definition of what the public has
allowed to happen as they left the vault door unintentionally
open, the true final effect of forced labor and subservience by
unrestrained takeover.
According to Mr. Burien, although the public is absolutely
ignorant concerning CAFR, the primary cause for that ignorance is
not the politicians but the mainstream media. When Mr. Burien
first discovered the CAFR reports in New Jersey in 1989, he went
on radio 101.5 FM in a live 45 minute interview. Two days later,
that radio station was threatened with losing its license and was
almost shut down. CAFR had become another example of - "third rail
journalism" - any reporter or media outlet that touched the issue
would be silenced or driven from journalism. As a result, there's
been a total mainstream media blackout on disclosing CAFR reports.
For over twenty five years the directors and CEOs of the primary
syndicated media organizations both print and broadcast, were sent
state CAFR reports each and every year, as they maintained a
blackout towards the simple mentioning of the report.
Mr. Burien reports the discovery of the fact that New Jersey
State Judges are vested in a personal retirement guarantee of
$5,000,000.00, per judge, after they serve as judges for one year.
Federal district court judges did not have a retirement or pension
plan do to the fact that they were appointed for life. Being
appointed for life they received their full paycheck and benefits
for life. Do you need anyone to spell it out for you? Would a New
Jersey State or Federal District Judge allow an attack on the
squirreled away $Billions and jeopardize his entry into
$Millionaire$ status? The inner circle gets the gold!!
Later, Burien learned that the New Jersey official in charge
of discrediting his CAFR discoveries was a former reporter (Harvey
Fisher) who'd been appointed Assistant State Treasurer - even
though he had no former financial background. Burien investigated
his background and learned that as a reporter he made $35,000 a
year. But as Assistant State Treasurer he made $65,000 a year -
plus a Carte Blanche expense account of $125,000. !????????
Burien claims this was not an aberration: "I knew there was a
state data search department under the Department of Treasure
Personnel division which tied all agencies and departments
together. I called that department and asked for a data search on
all key level directorships and supervisory positions for all
budgetary or autonomous agencies, and they came up with some 3,400
names from several administrations. Almost 1800 of these Directors
were former editors or reporters! It is a virtual certainty that
many of these appointments were payoffs for the journalists'
previous "cooperation" in spinning or silencing stories to suit
government.
If you conduct a comparable search in other states, you may
find a similar symbiotic relationship between government, editors,
and reporters. The more money held and generated by an agency, the
higher the percentage will be. If so, the media's "liberal,
pro-government bias" may run much deeper than anyone has imagined,
and the 'military-industrial complex" described by President
Eisenhower in the 1950's may have been replaced by a
"media-bureaucracy-banker complex" in the 1990s.
Therefore, Mr. Burien recommends that once you analyze your
state's Budget and CAFR reports, you insist that your local news
mainstream media (TV, papers, radio) raise the "Public Awareness"
by reporting the difference between the composite "total of cash
receipts from all agencies, departments, investments, etc." and
the "actual total composite revenues held or controlled." Mr.
Burien started with national disclosure of the CAFR and the
structure behind it on June 8th 1998. In 1999, GFOA and GASB
(Government Accounting Standards Board) changed the accounting
requirements for local governments within the Combined Financial
Columns of the CAFR from; All revenue, income and investments
being shown, To; All revenue, income and investments being shown
that were necessary to meet obligations and liabilities of that
local government. This change in accounting is substantial. The
good point here for disclosure is that you can look at a pre 1999
CAFR report, 1997-95-93, etc., and spot large drops in revenue
from post 1999 reports in comparison with pre 1999 CAFR reports.
With this being done, you now know to ask and look for the
accounting of those revenues taken off the balance columns of the
CAFR. Read the notes of the CAFR carefully.
If your local media refuse to publicize your state's CAFR,
they may be cooperating with a criminal agreement which has
effectively silenced public disclosure of the CAFR reports for
over forty years. However, once Americans know how much money is
out there, where it's coming from and where it's going - the
government's and the inner circle's game will be over.
Any media that refuses to make immediate mention of the CAFR
report should be publicly and aggressively boycotted. Media
exposure is the jugular vein of the evil and corruption.
A video produced in December of 1999, by Mr. Burien, entitled:
The Biggest Game In Town, is available and is set up for airing on
your Public Access or local TV stations. Mr. Burien, in this video
introduces a program that could lead to the final elimination of
taxation in this country with a possible dividend return to the
public by and through the restructuring of the principle of
operation of government by public mandate in making the public the
direct beneficiary of the wealth. The information on the video is
a must see for every American.
If you would like a copy of the video tape: The Biggest Game
In Town
It will be available on VHS (standard video) Part 1 & 2
plus equals 2 hrs.
------PLEASE COPY AND SHARE THIS ORDER FORM WITH
OTHERS-------
COST: The VHS tape (1) production cost including shipping and
handling is $14
If you can pay more, $35 per tape, this will allow for VHS
tapes to be distributed to others across the country from your
additional contribution.
HOW TO ORDER: By mail send your request and payment to:
C. E. V. I.
P. O. Box 11444
Prescott, AZ 86304
By: Mail, copy, print and use the following form:
------------------------------------------
The Biggest Game In Town - Video Request
VHS TAPE - Number of tapes__________ X $14 =_____________
TYPED TRANSCRIPT OF THE ENTIRE TAPE = $5 ____________
