The revenue via investment capital mentioned in this article notes for just California "State Government". Here is a real eye opener for you.

FOR EXAMPLE: if in California, say just for San Diego county and "all" local governments, who have their own CAFRs also, (Cities, Towns, Burroughs, School Districts, Enterprise Operations, Special Districts, Universities, Community Colleges, Pensions, Debt repayment accounts, proprietary, discretely presented, special funding accounts, etc., etc., etc.) "in San Diego County" the numerous investment and funded liability accounts "collectively" totaled as of 2007 about 1.8 trillion dollars. No typo, yes, 1.8 trillion dollars.

As of 2016, the totals would have grown probably quite a bit after the draw down of 2008 - 2009 and coming back on track as of 2010.

Now burst the brain and think collective totals for "all" local governments "in" the State of California.

To see or download a few example CAFRs from 2013 (about 4600 so a very long page) for some local governments in California and other states categorized by group entities, go to - http://CAFR1.com/listings/List...

Ellen Brown does a good job by connecting the CAFR to the wealth held by "a" local government, as she did by looking at just the State government entity wealth held.

Per the State Bank issue, I wish she would total as I did all local governments (all types) as a start for San Diego County including the county and make the same presentation but now reflecting the "collective" total within the county.

A special note is: Up until 1999 CAFRs showed the gross standing balances but then in 1999 - 2000 many from the general population now heard about, located, and started looking at their local government CAFRs for the 1st time so accounting changes immediately went into play starting in 2000 forward to no longer show gross standing balances and the changes made were to show the "NET" standing balances (You will see Net balances on all pages now).

Government would create "liabilities" to redact from the standing balances shown. Big difference Gross vs. Net, so keep that in mind when you look and pay special attention to the "Notes to the Financial Section" to spot the ways the standing balances were redacted.

As I said before: "That would be a real eye opener"

I note that when a local government says: "But you have to take our debt into consideration not just our investment wealth."

Well, here is a second big eye opener. Going back to the 80's, government had so much cash rolling in, they needed a "Parking Zone" for it. What was devised was to "promote" debt at the front door and then use covertly their own investment assets to fund that debt through the back door. Many different methods are utilized to do this.

EXAMPLE: A City may own many enterprise operations. Say the city in some fashion moves 50 million into the City Golf Course. The City then has a 50 million dollar bond offering and the city Golf Course "invests" the 50 million dollars with the City's bond offering.

Well, the City now reflects that 50 million dollars as a debt, but is it really a debt? No, it is a book entry that is cross-matched with an investment on another set of books owned by the City, their Golf Course kept as a separate entity. At a stroke of a pen, if chosen to do so, one offsets the other.

There are over a hundred different ways to facilitate the same book-keeping trick including the investment capital coming from any country around the world. EXAMPLE: the City from one of it's operations has 200 million dollars invested with an Asian investment house in China. The city puts up a 100 million dollar bond offering. A call is made to the investment manager in China with the instructions of; from the 200 million dollars held to invest 100 million dollars to cover 100% of the City's 100 million dollar bond offering. The headlines in California then read: "China takes over another piece of California! 100% of the City's bond offering came from China!

The public is none the wiser, and the beat of local government massive wealth accumulation goes on...

Again, there are many different ways to accomplish the same. The indication from what I have seen is that: If the dots were all connected through the smoke screen shell entities used on the transaction to trace the funding of government debt back to the actual investor, they directly or indirectly are one in the same.

Or, as percentages go, and all of the dots being connected, probably 70% + of that "debt" is in reality "self funded" and at a stroke of a pen (ice-cubes-chance-in-hell) if chosen to do so, one offsets the other. If confronted on the issue a thousand excuses would follow to perpetuate the way things stood. The bottom line in their thinking is: "We have taken it from you, we are the controllers, and we intend to keep it".

All of us have heard of the collapse of ENRON. Well, ENRON promoted it's wealth and hid it's debt. Government does the * exact opposite *. Government promotes it's debt and hides it's profit.

The points disclosed above are rather Earth shaking to the peoples of this nation when comprehended. It flips on end the raw consciousness that we have been masterfully spoon fed to believe and take for granted. The reality of it all boils down to a quote made by a Brit back in the 1500's and it is as follows:

TREASON: "Treason doth never prosper; what's the reason? For if it prosper, none dare call it treason." Sir John Harrington, 1561-1612

From the link for the example CAFRs, download the ones relevant to your locale, put on a DVD and share with many in your area. Make sure the ones you share it with, make copies AND share with all that they know also. The whole game for the last 80-years on government's part to do what they have done is by simply maintaining "The silence is golden rule".

In as much to maintain the silence is golden rule over the last 80-years, the key controllers from the syndicated media, organized education, the political parties, and entities that reached millions of people were included.

They knew all to well that cooperation was a must and the alternative not even a consideration due to the repercussions that would fall on them if they did not cooperate with the silence is golden rule. The one group that was definitely not included with disclosure by the PTB was the entire general population of the USA.

Again, download, burn DVDs, and share with many (especially with those that run their own businesses, teachers, and economic professionals)

Wishing all a better future, and a turning point for us all come 2017!

Yours Truly,

Walter J. Burien, Jr. - CAFR1.com
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