PLEASE SHARE, POST, AND PUBLISH THE FOLLOWING:

Today, 07/30/18,  I took a look at a Google search for CAFR, specifically in the "News" category. My, my, my is the News blackout carefully orchestrated and maintained to only show misdirection puff articles and articles designed to maintain government's intent to create massive "Parking-Zones" for wealth held by promoting liabilities. I note the News articles written by many noted authors based on CAFR1 disclosures written from 1998 to 2018 have been stripped from the News results seen.

One News article I came across today, that was "Promoting the Liabilities" category, I read and then submitted a comment, the 1st, of which the CAFR1 comment is under "pending approval".

Will it actually appear in the comments to the article? Maybe, maybe not (in line with the censorship in place, probably not, but I hope I am wrong)..

The article was posted to a group calling themselves: "The Yankee Institute" and the article title was: Connecticut labeled “untruthful” for hiding $10 billion in retiree healthcare costs

The link to the article:

http://www.yankeeinstitute.org/2018/05/connecticut-labeled-untruthful-for-hiding-10-billion-in-retiree-healthcare-costs/

The WJB - CAFR1 comment submitted 07/30/18 at 9:55 AM AZ TIME was:

What is NOT being said or disclosed is the FACT that the method for determining "Net" liability allows for projecting out that liability 30, 35, up to 40-years out as if "due today". Additionally, being an "Annual Budgetary" operation, "Income is only projected out 1-year. 

This is not just the reality for Connecticut,but the standard that has now been set for all local governments in the USA by guidelines set by GASB (GASB.org) 

In effect what this does is: Create massive parking zones for asset wealth today for "projected liabilities" that may exist going out up to 40-years from now.

Is the "projected income" going out 40-years included in the calculations? No, they are not.

If you, I, Bill Gates, or Warren Buffet did the same thing, we all would look like we are on death's financial door.

Can Publicly Traded companies like Apple, Microsoft, IBM, or J&J do the same thing with their accounting and presentation to their shareholders? No they can not. If they did the same, projecting out liabilities 40-years and income for only 1-year as a cross match to show a lower or negative net-worth, creating a negative income report to shareholders, and causing a massive collapse of their stock by this type of presentation where they actually used covertly the parking-zone stashes of wealth to buy back the shares they issued at pennies on the dollar, if discovered by the SEC, immediately everyone of the directors from those companies involved would be indicted on a multiple count indictment by the SEC and summarily convicted.

The actual issue in this article is the fact that Connecticut financial operations (getting an F-Score) are being forced to comply with the standards establish for ALL OTHER local governments that are complying with the new standards set by GASB, a "private" association comprised primarily of members that are top government financial managers. 

In reflection, GASB operations are like: Letting the Foxes write the laws as to how many hens are eaten by the Foxes from the Hen-House and how many the rancher gets and is required to have in the Hen-House for the Fox's consumption. 

In summary, local governments through the creation of their own accepted accounting guidelines that they themselves create through membership with GASB are creating massive amounts of wealth for themselves (parking-zones) labeled as projected liabilities.

Take a look at the Federal Reserve's raw data from their Z.1. report that shows the "standing Wealth" held by local governments; Federal Government; the Private Sector; Banks; Brokerage; and Insurance Companies. The figures are in "billions" so when looking, note accordingly.

CAFR1 Article with links to the Z.1. raw data tables - http://CAFR1.com/TotalWealth.html

Again, if a publicly traded company, of which are under "other" strict accounting guidelines overseeing their operations attempted to operate under the guidelines government created for themselves, you would be hearing the slamming of those prison doors after conviction by SEC indictment. But then, they do not write the guidelines for themselves, government oversees that arena.

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

WJB - CAFR1

Here are two other links not left in the comment section, but are applicable FYI:

http://cafr1.com/TheWay.html (from July 2018)

http://cafr1.com/electionday2012.html (from November 2012)

PS: I note also in a general Google search for: What is a CAFR, or What is the difference between a CAFR and a Budget, what I saw there over and over again was the most sickening misdirection puff explanation comments of tripe and inaccuracy created to quell the population from any accurate or actual cognitive thinking rendered from taking place. Bottom line: A CAFR is local government's "Statement of Net Worth" (with many games played now on the "Net" aspect) for all time since the creation of that entity and a Budget is a selectively created document projected out 1-year. Big difference between the two!

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