CAFR - The Biggest Shell Game For Theft In This World's History! Government at all levels holds back it's Annual Financial Report from the people of America for over 50 years! By Walter J. Burien, Jr.
Every city, county, state and federal government openly talks about the 'budget' but keeps a virtually hidden SECOND SET OF BOOKS which track the investments and enterprise ventures worth TRILLIONS of dollars in tangible wealth they have built up and are spending from these virtually hidden portfolios as a result of investing YOUR skimmed money for over 50 years in everything from real estate to the stock market. MOTIVE? They build THEIR empires from where that money is spent and invested 'internationally'.
When looking at the BIG PICTURE, only 1/3 of government's annual revenue comes from taxes, 2/3 comes from return on investments and enterprise/venture projects. To offset taxation, not 1$ of that non-tax revenue is tied direstly into the annual 'budget' that is supported by taxation!
Your city, county or state and federal governments have lied to you for decades. With administrative restructuring of government, there is NO NEED FOR TAXES. Our governments are not broke, they are rich beyond measure with OUR moneyy, and they are hiding it from the American tax-payer, investing AND SPENDING it while pleading they are broke and need more taxes, bonds and levies to survive. This being done as they blindly justify their obscene growth. BS! There is enough aggregate wealth owned by our government agencies to abolish ALL property and income taxes TODAY. You are being conned, lied to, ripped off and financially raped.udget" but keeps a virtually hidden, SECOND SET OF BOOKS which track the investments and Enterprise ventures worth TRILLIONS of dollars in tangible wealth they have built up and are spending from these virtually hidden portfolios as a result of investing YOUR skimmed money for over 50 years in everything from real estate to the stock market. MOTIVE? They build THEIR empires from where that money is spent and invested "Internationally"
CAFRA: The Biggest Shell Game for Theft in the World.
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. http://www.financenet.gov/state/cafr.htm: City, County and State CAFRs Available for Downloading
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.
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