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How the public (and government employees) are being played for useful idiots – The Gov Pension Fund / System Scam

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new logoby Walter Burien – CAFR1
05/16/15

ARTICLE ARCHIVED AT – http://CAFR1.com/gpfsc.html

The new GAP accounting implemented over the last 8 years established by GASB.org requires local government accounting to project all liability as if it is due today.

This means pension fund accounting (and other local government funds) are required to project out 35 years to satisfy ALL projected payments to participants with what they will be paid AT TIME OF RETIREMENT. They use max projections there. EXAMPLE: Employee making 50K today at retirement after pay increases, projected inflation, etc., will be making 185K. Additionally, THEY DO NOT account for the projected income for the fund out 35 years in full. They redact much.

So based on the new accounting, a pension fund that may have been 150% funded today, in the snap of the finger could now be adjusted to being 60% funded. (40% underfunded)

Motive? The larger the investment fund balance for that local government, the bigger the power base. Where those funds are invested domestic and international creates the biggest payola network globally times thousands of different local government funds/systems of the same.

Another point most employees and taxpayers are not aware of is: Most local government pension funds / systems are “Strictly Participatory”. What that means is the employee does not own 1c of the fund, they just have in so many words a “Ticket to Ride” under contract terms.

The local government owns 100% of the fund balance. Now if the employees owned 100% of the balance, the accounting local governments are doing would be 100% fraud and an indictable offense under SEC law and fiduciary ethics guidelines.

Most fund balances are so large they do not require contributions from the employee or tax payer, rates of return are primarily meeting requirements. Plus if the employees owned the fund balance it would be required to give each a pro-rated value of each employees ownership in $$ terms each year. If that was the case and done my would those participating employees get a big surprise. Long-term participants, they would see their ownership value at on the low side $650,000 to on the high side $3,500,000.

But being that these funds are Strictly Participatory (similar to the Social Security fund) SEC laws and fiduciary fund management guidelines only require that those “Tickets to Ride” under contract are in line to be satisfied based on the GUIDELINES that local government is operating under.(and they create their own guidelines)

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

Please share, publish, and post my comments with others (especially those government employees who are participating with these funds/systems)
Walter Burien – CAFR1.com
P. O. Box 2112
Saint Johns, AZ 85936

Tel. (928) 458-5854

PS: Federal groups like FBI agents have profit sharing pensions. They see each year the value of “their” share in the Pension they are enrolled as an “owner”. Back in the 90’s their eyes must have been bulging out of their head when they looked. They saw they would get 175% to 250% over what they were expecting to get at retirement based on fund performance.
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CAFR1’s REPLY ABOVE TO THE ARTICLE THAT FOLLOWS:

How Illinois’ Pension Debt Blew Up Chicago’s Credit

After a court ruling, the state’s legacy of borrowing to cover public employee pensions landed a $2.2 billion problem in the city’s lap.

by Allan Sloan, The Washington Post, and Cezary Podkul, ProPublica, May 13, 2015, 3:39 p.m.

Trans Pacific Partnership Agreement: Trade agreements are NOT constitutional treaty’s

3 Comments

new logoMarti Oakley

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The question continually asked is: Under what constitutional authority are the provisions of the Trans-Pacific Partnership being kept secret?

The answer: The TPP is NOT a constitutional treaty, but is instead a corporate government-to-government contractual agreement, and is being intentionally confused and mis-represented as a constitutional treaty. Its status as “secret” can only be defined as corporate contractual proprietary rights protection. 1

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1800193_730804716942054_2388486452391946819_nObama has asked congress for Fast Track approval for this corporate trade agreement. This is another tip-off that what is about to transpire has nothing to do with sovereignty, the constitution or the office of the president. Fast Track allows the president to step out of his position as “president of the Republic”, and assume his position as “chief executive” of the corporation and assorted corporate names constructed to facilitate the contracting for this trade agreement.

The TPP needs no ratification by the states as it has nothing to do with them. They are not privy to the contents, provisions, mandates or other instruments as the states are not party to the contract. The vote that will take place in congress will be an intentionally staged event. Every congress person out there knows that any vote they take regarding this trade agreement, violates the offices they were elected to hold.

With the public seemingly unaware that they are being duped, yet again, the Trans-Pacific Partnership (TPP) will devastate the states. The recent efforts by several federal agencies to seize land, control food production, close public access roads to forests and national parks, along with the ongoing efforts to seize water from all sources whatsoever as owned and controlled by government, along with all other valued resources is most likely the composition of much of the content of the TPP.

The (TTP) is actually an international corporate agreement which voids sovereign jurisdiction in environmental protections, health, food, pharmaceuticals and virtually any other thing you can think of.
This agreement also allows for the sale of public lands here in the US so that foreign investors can access and profit from the resources. The coming all out sale of public lands to foreign investors will in effect, see major areas of the US, now held as scenic waterways, national forests and other high resource areas as owned and controlled by non-American corporations and possibly even governments. This agreement exposes the reasons for the federal government’s ongoing taking of lands from the states and claiming it as owned and controlled by them while also claiming they are taking the land to “protect” it……from us.

Trade agreements are constructed under international contract law and have no constitutional authority. In fact, these trade agreements generally tend to violate and void any constitutional protections, requirements or prohibitions. Even so, congress will continue to misrepresent this corporate agreement as a legally binding constitutional treaty, knowing full well that this is merely a ruse they participate in to cement in the public mind that they must adhere to this corporate contract.

Although you and I are not party to the contractual agreement, do not and are not allowed to know any of the provisions, much less all of the provisions, the federal corporation will contract with our state government corporations to put the provisions into force in our states. And every governor in every state will willingly throw the doors open to the in-state contracting that will facilitate the business plans of the trade agreement.

So I ask again…..How’s that global economy working for ya? Still think this is about free trade and capitalism? Your land is being stolen by the federal government, sold to foreign investors and other governments for exploitation as they pay for government protection and privilege. Do you still think that if corporations are regulated and limited it will somehow prevent you from getting rich?

These agreements are a constructed effort to put the rights of corporations above those of the individual and of any country included in the agreements. The group, Public Citizen, exposed and reported on the deleterious effects of what will become the investor-state and the accompanying enforcement system already at work under CAFTA, and other trade agreements, which will most likely be expanded and far more injurious under TPP.

From Public Citizen:

These firms have access under the deals to an “investor-state” enforcement system, which allows them to skirt national court systems and privately enforce their extraordinary new investor privileges by directly challenging national governments before extrajudicial tribunals.
These investor-state cases are litigated outside any domestic legal system in special international arbitration bodies of the World Bank and the United Nations. A panel composed of three private attorneys listens to arguments in the case, with the power to award an unlimited amount of taxpayer dollars to corporations for the “expected future profits” that the attorneys surmise the firms would have earned if not for the challenged measures. Because the mechanism elevates private firms to the same status as sovereign governments, it amounts to a privatization of the justice system. (emphasis, mine)

The TPP is nothing less than a corporate assault on national sovereignty and the rights of the people. Those courts will most likely be comprised of another group of private attorney’s who will decide how much of your money will be handed over to global corporations. Any rights you thought you might still have will be set aside in favor of global corporate privilege.

Our Constitution is being steadily eroded with the passing of each of these trade agreements. Agreements that exist for no other reason than to exploit and plunder nation after nation under the dubious banner of “free trade capitalism” and which will reduce every nation to third world status. There never has been free trade; only pay to play trade privatization for the few.

The Trans Pacific Partnership is just another brick in the New World Order wall.

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