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new-logo25Walter Burien – CAFR1.com

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“when I saw the Port Authority was paying for the rebuilding of the WTC complex and 3-billion dollars allocated by them, that showed me that Silverstein (a joint US and Israeli citizen) accomplished probably the largest profit in world history in the shortest period of time.”

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I will keep this article very simple and to the point .

On the syndicated news today they are pitching imposing a tax on e-cigarettes. The politician that introduced the bill justifies the new proposed tax with one and one only statement:

“If we do not tax e-cigarettes, where else will we get the money we need from?”

I have heard the same blanket comment over and over again per raising taxes for the last 40-years.

That comment made by a politician to the public is the biggest insult that can be rendered per directly calling the listeners “useful idiots” when it comes down to the reality of government’s gross income from the many sources of: Tax, Investment, Enterprise, etc.

Government’s gross income is obscene and has expanded exponentially each and every year through depending on the population being masterfully entertained while being spoon fed with blatant “selective presentation” with the contrived comment of: “where are we going to get the money from?”

A good and clear analogy per the same would be; A politician sitting in a row-boat in the middle of the ocean who says: “Where am I going to find salt water?” said with an overtone as if it were a genuine question, and depending on the listener’s ignorance not to see the ocean surrounding the row-boat..

Here is a link with instructions to view and download many local Government’s Annual Financial Reports that I sent out in a previous post to the CAFR1 National email list last week:  http://www.gfoa.net/cafrwinners/2013/index.html (**To get the CAFR download listing for each local government entity – Click on the “Winners List by Agency Type” in the centered blue boxes)

That link with the Click on instruction followed by you will list about 3000+ local government CAFRs for downloading, view, and review. All categorized by local government type and alphabetically listed by each state.

** The 3000+ listed is but a very small fraction of the Annual Financial Reports produced each year by local government operations [approximately 184,000 local government operations nationally]

Any one of the reports upon careful and detailed review gives you a pretty clear view of “where the money comes from” or “can come from” per ANY local government CAFR looked at.

For your state, download the applicable CAFRs in your State listed and put on one DVD for distribution to other activists in your state. For those that seriously look, some eyes will really start to open upon review of the same.

The CAFR on the local governments listed, being that local government’s “Statement of Net-Worth” derived over decades if not over a century is “the book” to review. Selectively created “Budgets” “for a year” are in all reality very pale in comparison to looking at the same local government’s Annual Financial Report, the CAFR (Comprehensive Annual Financial Report).

Bottom line? Being that the CAFR shows the “Big Picture” of the massive standing wealth and true gross income involved, the Silence is Golden rule is strictly maintained from within the halls of government; Political Parties; controlled Education, and the “syndicated Media” talking heads. Simple and open mention of the CAFR to the general public by any party from the inside would effect their immediate termination / blackballing due to directing the public towards the massive wealth, standing investments (domestic and International) and true “overall” gross income involved and seen therein.

On an example of what can jump out at you when you look at any CAFR report, I grew up in NJ and recently I glanced at the Port Authority of NY and NJ 2013 CAFR as listed under “Enterprise” agencies. Well, what jumped out at me was they allocated 3-Billion dollars of their “own monies” for the re-building of the World Trade Center complex. Well, I always thought that being Larry Silverstein received about a 6.5 billion dollar insurance payout per the destruction of the original WTC complex, that “he” would be paying for the re-building of the WTC complex. Upon review of that CAFR, it was apparent that not $1 came directly from Larry Silverstein to rebuild the complex.

Mr. Silverstein had taken out a 99-year lease of the WTC complex months before it was destroyed (demolished). The deal required him to make monthly payments to the NY & NJ Port Authority under the lease terms. When he got the lease, one of the first things he did was to take out a double indemnity insurance policy per terrorist attack on the WTC complex. When the insurance policy was underwritten by several large insurance providers, of which took a while to cover that large of a policy, in so many words: “The ink was not even dry yet on the policy” and down went the Towers and in went Silverstein’s insurance claim which resulted with about a 6.5 billion dollar payout to him.

So, when I saw the Port Authority was paying for the rebuilding of the WTC complex and 3-billion dollars allocated by them, that showed me that Silverstein (a joint US and Israeli citizen) accomplished probably the largest profit in world history in the shortest period of time. You see he only had about 4 monthly payments made (under 130 million dollars) and received about a 6.5 billion dollar payout. So why did not the Port Authority of NY and NJ not require Larry Silverstein to cough up the cost for rebuilding the WTC complex??? Especially in light of the fact that he was paid billions of dollars under the insurance policy due to the destruction of the original WTC complex?

That was just one point that jumped out at me from a quick look at that “one” CAFR.

When you see from the link above the listing of the many local government CAFRs from your state, and upon a basic review of the same, I am confident that “many things will jump out at you from each.”

Now here is an exercise that every one of you and your associates can do to learn the biggest reality check of your lifetime. The CAFR is the “Holy Grail” of accounting for the majority of the local governments out there, their Statement of Net Worth. The exercise I request that YOU DO IS TO sincerely ask your local syndicated media (ABC, CBS; FOX, NBC, etc.) talking head to make the following very “simple” statement / question to his or her viewing audience: “I have become aware of our local government’s Annual Financial Report known as a CAFR. I request that my viewing audience Google and then download a few of the City, County, State, and Enterprise CAFRs, and make a cursory review of the same and please get back to me over the next several weeks with comment.”

Well, there is NO REASON what-so-ever for them not to do so. Kinda like asking a Priest to make simple mention the Bible to their parishioners, asking them to look at the Bible and get back to him with comment. The reality check for you comes into play due to the reality of the Silence is Golden Rule in place. The simple mentioning of the CAFR by any syndicated media talking head violates that rule. It will not happen within the syndicated media realm. Independent media personalities with a limited audience may mention, but the syndicated media personalities with very “large audiences”, and the big thumb of management hanging over them per simple mention of the CAFR are up against a 1-mile thick concrete wall to NOT openly mention to the public or else….

Let me know if you have success in doing so, per the “simple mention” by “any” syndicated media talking head to their viewing audience. I was successful in doing so once in 1995. The anchor from ABC in Phoenix after being challenged by me to make clear and simple mention of the CAFR did so. She in fact did a full camera shot of the State of Arizona 1994 CAFR as she made clear mention of the same. Well, her mention aired on the 10 PM News but on the normal repeat of the 10 PM News segment the following morning at 7 AM, that segment was cut and that anchor for ABC Phoenix was replaced the following day. She breached the Silence is Golden rule and swift repercussions by ABC management against her was the prompt result..
Walter Burien – CAFR1.com
P. O. Box 2112
Saint Johns, AZ 85936

Tel.(928)458-5854

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