Home

Perspective, an Important thing to know now a days. Orlando shooting vs. ?

Leave a comment

new logoby Walter Burien – CAFR1
06/19/16

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

manufactured terrorWith the recent shooting in Orlando, FL by one individual, perspective came to mind of the organized, also intentional killing taking place in the: “US vs. Them” scenario.

We are extremely fortunate not to have our grandparents, ourselves, sons, and daughters not consistently mass killed over an extensive period of time by another country’s military intervention being conducted here in the USA.

As far as “Who kills whom” per the number count, the data below per people killed in the Mid-East regions of Afghanistan, Yemen, and Pakistan by Drone Attack does not include the “millions killed” in Iraq, Afghanistan, Libya, and Egypt over the last 15 years, via CIA “Non-Drone” operations and direct US Military intervention. Over the same time period, those killed in the USA by terrorist acts (excluding 911 due to the “who” was actually responsible) is a very, very small percentage to those killed just by drone attacks. It is a comparison per who was killed on the “US vs. Them” of an Elephant standing next to a flea. More

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

Leave a comment

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.
__________________________________

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.

CAFR’s: Governments’ Gross Income Is Obscene

2 Comments

strip banner
new-logo25Walter Burien – CAFR1.com

____________________________________________

“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.”

____________________________________________

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. More

TS Radio: Walter Burien discusses hidden CAFR accounts

2 Comments

Join us Tuesday morning, August 7, 2012, at 10:00 CST!

Due to major technical difficulties this show will air at a later date.

_________________________________________ More

%d bloggers like this: