Well folks, it’s that time of year again.
I decided to take a look at the newer 2011 Comprehensive Annual Financial Report (CAFR) for the Social Security Trust Funds – which is actually named:
“THE 2011 ANNUAL REPORT OF THE BOARD OF TRUSTEES OF THE
FEDERAL OLD-AGE AND SURVIVORS INSURANCE
AND FEDERAL DISABILITY INSURANCE TRUST FUNDS”
You may download this CAFR here:
http://www.ssa.gov/OACT/TR/2011/
Yes… for those of you who don’t know, the Social Security program has a massive investment trust fund that hoards your hard earned money into it every single year, and uses that money to invest in such things as war and occupation of other countries, junk bonds and federal securities – including mortgage-backed securities – and of course national and international banks and investments.
Remember, the main function of government’s taxation program is not to support government operations, but rather to increase the fund balances of governmental funds in order to create and support a massive investment based pool, which is then used for all of the non-taxpayer legal criminal activities that government participates in – what it deems as “non-governmental operations” using what it likes to consider “non-taxpayer money” derived from these investments and their returns. You see, your corporate government figures that any gains it is able to collect from investing your taxpayer money is there’s to keep and play around with at its leisure.
Of course, the Federal government continues to tell the people of America that the Social Security system is in financial ruin, and will be broke by the time many of us come-a-collectin’ in just a couple of decades. They tell us that the evil baby-boomers will strip Social Security bare, and drain the entire program into oblivion.
But I’m here to tell you that this just isn’t true. In fact, it is one of the biggest fallacies ever perpetrated upon the American public. It is a lie hidden in plain sight, just as most government programs and funds have turned out to be.
And so, according to the 2011 CAFR for the Board of Trustees of the Social Security System, the Social Security Trust Funds have a combined total of…
$2.6 trillion dollars.
W-W-What? You heard that right, my friends. Spelled out with all of those pesky zeros in place, that looks like this…
Total assets, December 31, 2010
$2,608,950,000,000
If that were to be displayed in 1 dollar bills, it would be a pile of green notes that, when stacked on top of each other, would reach all the way to the moon… and back!!!
For those of you who didn’t see the ending of “The Great Pension Fund Hoax”, we discovered that the Social Security trust funds had over $2.5 trillion dollars in the 2009 CAFR. In 2006, that figure was $1.8 trillion. That was an investment return of about $700 billion dollars in just 5 short years.
See the full film here, or skip ahead to the last half hour to see this information:
Now, as is usually the case, the government omits this knowledge from its public disclosure of the Social insurance system by simply omitting the pertinent investment portfolio and interest gains from the taxpayer budget report that is spirited out to the public. And it does not mention the word CAFR in any session of government or in any public forum. You will not hear about this report on the nightly news. In short, by hiding this information from taxpayer disclosure, the government is lying by omission. And this sort of malfeasance is taking place in every facet of local, county, state, and federal government.
Now, let’s take a look at what Timothy Geithner and the other Trustees of the Social Security Trust Funds have to say to the public about the state of these funds…
Status of the Social Security and Medicare Programs |
| A SUMMARY OF THE 2011 ANNUAL REPORTS Social Security and Medicare Boards of Trustees |
A MESSAGE TO THE PUBLIC:
Each year the Trustees of the Social Security and Medicare trust
funds report on the current and projected financial status of the
two programs. This message summarizes our 2011 Annual Reports.
Social Security
Social Security expenditures exceeded the program’s non-interest
income in 2010 for the first time since 1983. The $49 billion
deficit last year (excluding interest income) and $46
billion projected deficit in 2011 are in large part due to the
weakened economy and to downward income adjustments that
correct for excess payroll tax revenue credited to the trust funds
in earlier years. This deficit is expected to shrink to about $20
billion for years 2012-2014 as the economy strengthens.
After 2014, cash deficits are expected to grow rapidly as the
number of beneficiaries continues to grow at a substantially
faster rate than the number of covered workers. Through 2022,
the annual cash deficits will be made up by redeeming trust fund
assets from the General Fund of the Treasury. Because these
redemptions will be less than interest earnings, trust fund
balances will continue to grow. After 2022, trust fund assets will
be redeemed in amounts that exceed interest earnings until trust
fund reserves are exhausted in 2036, one year earlier than was
projected last year. Thereafter, tax income would be sufficient to
pay only about three-quarters of scheduled benefits through 2085.
Source: http://www.ssa.gov/OACT/TRSUM/index.html
Well now, wait a darn minute here! Didn’t the CAFR just state that the Social Security system had a $90 billion dollar increase in capital gains? How then can this budget report state with a straight face that the fund suffered a $46 billion dollar loss?
Ah… this is government’s creative accounting.
But let’s go one step further.
Back to the Comprehensive Annual Financial Report, where it shows on page 36:
Actuarial Estimates
Table IV.A1. – Operations of the OASI Trust Fund, Calendar Years 2006-2020
1) Best case scenario – The fund will increase to
$4.054 trillion dollars by 2020, which equals an investment gain of about $1.4 trillion dollars in just 8 years.
2) Intermediate scenario – The Fund will increase to
$3.671 trillion dollars by 2020, which equals an investment gain of about $1 trillion dollars in just 8 years.
3) Worse case scenario – The fund will increase to
$3.278 trillion dollars by 2020, which equals an investment gain of about $600 billion dollars in just 8 years.
So here the Board of Trustees is telling us in the CAFR (audit) of these funds that they will no doubt increase by at least many hundreds of billions of dollars, while at the same time publicly announcing that the Social Security system is showing a current and a future projected deficit of $46 billion dollars for 2011 fiscal year.
And that, ladies and gentlemen, is the perfect embodiment of how your many governments, be it local, state, or federal, are literally fooling you by the simple act of omission of the pertinent information held within the government audit (the CAFR report) and spoon-feeding the American public a heaping dose of fear-based half-truths sprinkled with a splash of treason, and finished off with a good laugh all the way to the banks (which government owns as majority stock holder of those banks).
And we the people keep feeding the monkeys instead of starving them!
Oh, I’m sorry…
Did I interrupt re-runs of “Dancing With The Stars”?
.
–Clint Richardson (realitybloger.wordpress.com)
–Friday, January 27th, 2012
REALITY BLOG 
residentsorganizedforasafeenvironment
/ January 27, 2012It seems to me that our moral compass is far more broke than our Socialist Security fund.
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Daynes
/ January 27, 2012Brilliant work yet again. I just pray people will turn off the tv and start to see the truth!
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sportsbaron1
/ May 25, 2012AMEN TO THAT!! But unfortunately that might never happen–not if Murdoch, the Hearsts, Mr Annenberg and their ilk have anythong to say about it (and of course, they do…) Television is electronic opium. The more over-worked, depressed and angry people get over the intractability of their situation, the more apt they are to spend time in front of the TV (or its evil twin, the Internet) consoling themselves that things aren’t as bad as they seem or, in time, will get better…
Clifford
Santa Monica
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jturner97601
/ January 27, 2012This was great. I hope it’s true, I’ve shared! Thanks for your work 🙂
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five words
/ January 27, 2012Reblogged this on My News Page and commented:
Just when you may think that Clint is asleep at the wheel, he hits another grand slam.
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usedtobesupermom
/ January 27, 2012Another excellent post! THANK YOU!!!!!!!!!!!!!!!!!!!!!!!
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Reigne
/ January 27, 2012Great job AGAIN Clint! I shared this on my fb page.
One question: How do you convince someone that a CAFR is a “full audit”, especially when they won’t even begin reading/looking at one? I’ve sent many folks to your video of Ron Paul & Fed Res Audit Bill, yet some (ok, most) are still not understanding what a CAFR is nor can they say what would be included in a “full audit”.
I know you can lead a horse to water, but as you pointed out, WHY do we continue feeding the monkeys?
I look forward to any advice regarding my Q. ❤
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realitybloger
/ January 27, 2012Unfortunately, there are two things that are almost impossible to conquer… Faith and institutionalization.
Faith is belief in something or someone without proof.
This can be said of anyone supporting a political candidate without knowing anything about that person. Obama, Ron Paul, Newt Gingrich, or Pauly Shore, or for that matter Clint Richardson… faith should never trump evidence of fact.
Thus, many institutional thinkers cannot break the walls that allow rational thought and logical discourse into the arena of their emotional-based support. Ron Paul is displayed as a prophet, as Jesus, just as much as Obama was. The Ron Paul supporters were the biggest complainers of that portrayal of Obama, and rightly so. But point out the same idol worship of Ron Paul by his supporters, and anger sets in and ad hominem attacks and other fallacious response takes over.
So, after many of these attacks on all fronts, I’ve learned a valuable lesson. I have no expectation that more than a handful of people will attempt to comprehend this information. And that is just the way it is. I cannot change that. And so, I am after the people who are interested, and I present all of my research in a way that hopefully others may teach, with the sources intact. The horse to water is a good analogy. Only the horse can decide to drink. But I no longer get angry at the horses for not drinking. It is their fate, and they must live with their decisions. And the insults attacking the messenger are nothing more than faith-based nonsense with no fact or source. Why get mad at ignorance, even purposeful ignorance?
I have a belief that in history there has been a small minority that fights for the rights of life and liberty of the majority, and many of these go unknown by that majority. Some would say this about the so-called “founding fathers” of America and point to what they accomplished (that is, if you believe in that story). Little battles are won all of the time, never comprehended by the very people who benefit from those tiny wins.
So, I suppose that as long as the media is in place, the masses will continue to slumber. It is up to us little guys to keep up the fight and to continue to build up our own media outlet.
One thing I like to point out is the story of the word “Boycott”. This word is a major tool we have, and severely under-utilized.
See the story of Boycott here:
http://en.wikipedia.org/wiki/Boycott
All I can say is that if enough people like yourself keep talking about this, and others then approach the same person about this, then eventually the information will be accepted as self-evident truth. They say when someone hears something from three different people, they then become interested in the subject. So don’t get discouraged or angry as I used to, but instead keep exposing the indisputable truth until enough of us are all on the same page.
That’s how the world became round instead of flat…
-Clint-
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thegreathate
/ January 28, 2012Alex Jones – One of his first documentaries, back in the late nineties, was on CAFR. I have watched it and it is amazing. It is very dry and boring compared to his later movies but the info is all there.
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Walter Burien - CAFR1
/ January 27, 2012Clint:
Good one for public cognitive thinking, and you are learning to use those sound bite analogies all so well :<)
Walter Burien – CAFR1
Tel. (928) 458-5854
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AloneInTheCrowd
/ July 23, 2013your site is pretty good.
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Matt Prather
/ January 27, 2012Sorry to say that these trillions in assets are not dollars.
They are just assets denominated in dollars.
One has to sell them to convert them to dollars.
Rather than just put the money in a vault, they buy assets which promise greater dollar value return over time.
These assets are valued on trading markets. They have a high portfolio value of $2.6 trillion or whatever, but if SS had to liquidate, they would not get this much money from the markets. The Federal Reserve could perhaps buy them with new money from thin-air (“printing”), but if these assets had to actually be sold one-by-one over a short period of time such as a day a week or a month, you would see a collapse in the portfolio value of the assets in the fund.
It’s analogous to a bubbled real-estate market: if everyone tries to cash out of their million-dollar home at once, most of the people find that their million-dollar home won’t sell for a million dollars — the market has become saturated with over-priced homes.
It’s the samething with the equities and other assets which underpin retirement funds, pension funds, and other market investments.
There is nowhere near enough actual cash money in existence to buy the assets at face value. SS can claim it has a certain amount of money in its asset porfolio, but it really all depends on being able to cash out those assets over time into a stable future. A dollar crisis or an equity market crash will destroy SS’s assets all at once.
And that’s the problem we’ve been facing since 2007. The Fed and the Treasury are doing whatever they can to prevent an imminent asset price collapse. They don’t want the sheeple to realize that their money is tied up in a game of musical chairs and there aren’t enough chairs for everyone to sit down if the music stops. They keep the music going by any extra-legal means necessary.
TARP, debt ceiling increases, continued deficit spending, quantitative easing — these are all means taken to prevent a dollar panic and equity-asset price collapse.
To sum all of this up in one picture, see Exter’s Pyramid:
https://www.google.com/search?q=exter's+pyramid&tbm=isch
The SS fund has a bunch of assets in the yellow, orange, red and blue sections. Only the green section of the pyramid can actually be used to pay bills and buy food. Everything above it is a tradeable equity or security which only has value so long as the markets are willing to buy them at face value.
You are confusing non-liquid assets with a face value of “trillions” with the actual green stuff: money.
The SS fund, like everything else denominated in dollars, is going to be wiped out someday soon, when no more tricks will work to stave off the dollar panic any longer.
And yes, the baby boomers who are already retiring are going to be one driving cause of the crisis, as they try to cash out their non-liquid investments and convert them into liquid dollars, only to find that 100 million other baby boomers are also doing the same thing.
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realitybloger
/ January 27, 2012You must understand that the dollar is not wealth, for the dollar is only a tool to achieve wealth.
What is invested in and purchased with the dollar is wealth.
Government investments represent the most important aspects of wealth in the world, including mineral and water rights, massive real estate investments, metals and commodities, foreign currencies of every type, and most importantly complete controlling stock investment in all Fortune 500 corporations and most if not all other private and publicly traded corporations.
This is wealth.
To test this theory, lets consider that the dollar is “crashed” tomorrow…
The government would still own mineral and water rights, massive real estate investments, metals and other commodities, foreign currency of every type, and most importantly complete controlling stock investment in all Corporations both national and international.
All that is missing would be the dollar.
So you can keep on placing value in the tool, or you can start to acknowledge that the tool is insignificant in reality, and that the tool can be replaced at any time with any thing.
But the investments purchased by that tool will never loose value (unless they want it to).
No confusion on my part, just the understanding that the monetary value of these investment funds or their liquidity is really a non-issue. It isn’t what is important. What is “collateralized” by and utilized on behalf of the perceived value of these assets (the tool) is what counts. This is where total world domination through ownership of the corporate structure comes into play, utilizing these assets not for their actual value, but for their perceived value as equity.
Money is like diamonds… it keeps the focus of the people on the right hand that is handing the money out as “benefits” and “incentives” while the left hand uses it to control everything via investment.
Government investment funds control the world, and government (not the people) control the investment funds.
Thanks for the info…
-Clint-
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Social Credit for Social Sanity
/ January 28, 2012Who determines how much the assets held by SS are worth? If you’re saying that they’re not really worth that much, isn’t it time we were informed as to who placed those values on them to begin with? And when will they be adjusted correctly in time for their CAFR report? Or are the CAFR reports a bunch of malarkey too?
And, by extension, who determines the value of the various debt instruments that we are supposed to be indebted for? If the SS numbers are a bunch of hooey, then the so-called “national debt” must be a bunch of hooey also. The so-called “debt instruments” need to be revalued the same way these so-called “equity instruments” are! More and more it’s beginning to sound like everything is bogus. A figment of our imaginations.
It seems to me that the whole thing is a rigged game and we need a new way to bring money into circulation…WITHOUT DEBT!! The Constitution is our answer and this is what we need to defend with everything we can muster, to i9nclude our “TOOTH AND NAIL”!!
http://tenthamendmentcenter.com/2011/11/28/the-founders-consitution/
http://tenthamendmentcenter.com/2012/01/18/not-everything-is-interstate-commerce/
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realitybloger
/ January 28, 2012What is and what can be or should be are two different things, unfortunately.
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realitybloger
/ February 5, 2012And by the way… The “constitution” is what gave the power of “debt” to the government, via taxation.
The constitution is certainly not the answer.
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Social Credit for Social Sanity
/ February 5, 2012Art I, Sec 8, cl 1 & 2 are problematic but certainly not a reason to “throw the baby out with the bath water”. A Constitutional Convention could surely remedy that flaw … in the meantime, we only need to abolish the private Federal Reserve Banking cartel and give the power to create money DEBT FREE back to the people to whom it Rightfully belongs!
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Bruce Krasting
/ January 28, 2012Heavens! $2.6 Trillion should be enough for SS to last forever, Right?
Wrong. The 2,6T is less than 4 years of benefit payments.
The author makes a mistake. He confuses cash and paper. Interest is paid in paper script. Not cash. But SS needs cash every month to pay its $60b monthly nut.
Even the Trust Fund acknowledged the difference between spendable cash and government paper. The author should too.
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realitybloger
/ January 28, 2012Keep in mind the point of this is that the SS is reporting negative asset while having an increase.
No confusion. The government “borrows” from itself in most instances.
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Soren Mitchell
/ January 28, 2012Yeah…
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kaycee
/ January 28, 2012The one thing that i remember the most clearly over the past 39-40 years of my school days at Brandeis University in1970’s are my student adviser’s words that when he was growing up that his grand parents and parents used the term “‘goyishe kup,’” meaning that the “Non-Jews are Stupid”
Later in life I learned that the exact translation of “GOYISHE KUP” means that the “Cattle are STUPID”..
I remember him recalling whatt his father told him when he was growing up in Eastern Europe. One of them being that when his father was in high school he and a group of friends would skip school early on Fridays and go over to his friend’s father’s butcher shop. That they would buy at cost any cows , that had not been butchered by the end of the day on Friday before the begining of shabat . They would take the cow home and wash it and then the boys would procede to “beat the udders of the cows so that they would swell up and turn pink” so as to sell them to the “GOYISHE KUP” as milk producing cows.
The part that I remember him asking me if the East Europeans are so naive, so gullible and so stupid to buy old “non milk producing cows” from a bunch of young Jewish Boys.
So thinking of it now I agree with the Jewish saying that the “GOYISHE KUP” are indeed” Stupid” as they believe that a Bunch of Arab Muslim Kids who were not able to Fly a Cessna Airplane took it upon themselves to FLY a Boing Jumbo Jet outwitting the US Military and Civilian authorities. The “Jewish Lightning Insurance Scam” of the 1960’s is still alive and well has been put to good use by Larry Silverstein with the help of his sayanim jews made a financial killing in imploding wtc by putting 15 million down and comming out with 7 billion dollars for buidings that no one wanted to buy because it would have cost a billion dollars to remove the asbestos from. Then on top of that the people in America actually believe that they actually decide who is elected President or for that that actual VOTE is really counted and makes a difference in deciding who represents them in the White House and congress. http://www.bollyn.com/index.php
http://www.youtube.com/watch?v=rVTXbARGXso http://www.911missinglinks.com/ http://www.youtube.com/watch?v=DxnpujfanUM
Yeh I agree that the AmericanNon-Jews are indeed American “GOYISHE KUP” or “STUPID CATTLE”!
The Israeli Defense Firm That Tallies The Iowa Caucus
By Christopher Bollyn
1-1-8
The Iowa caucus is only a few days away and the nation’s attention will be directed to the results, which signify the beginning of the U.S. presidential race. But does anyone watch who tallies the results of the Iowa caucus?
The Iowa caucus results were tallied in 2004 by a company that is headed by a man whose company was bought by Elron Electronics, the Israeli defense firm. I suspect that it will be the same this year. Don’t expect to see any grassroots political activists doing the tally in Iowa. The Israeli defense establishment takes care of that part of the American “democratic” election process.
VOXEO
In the summer of 2004, I first learned that a foreign and out-of-state company using Interactive Voice Response (IVR) technology tallied the Iowa caucus results.
The system used to tally the 2004 Iowa caucus results was provided by a company called Voxeo, which was apparently based in Orlando, Florida. (Yellow flag goes up in the mind of those familiar with Orlando and electronic vote fraud history
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JOHNNY BARTEE
/ January 28, 2012This a bad system that needs to be ABOLISHED!
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Bad Czech
/ January 28, 2012Righto! And a full refund plus interest, paid in gold or silver, physically delivered to all of us, YESTERDAY!
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Jesus Jones
/ January 28, 2012TOO BAD JESUS GONNA RETURN AND RUIN IT FOR EVERYBODY.
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evrmyrtle
/ February 4, 2012I am looking for HIM and expecting HIM, soon. I am ready any time that he Is.
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Dr. Tom
/ January 28, 2012Do you mean this? http://www.washingtontimes.com/news/2010/mar/16/social-security-ious-stashed-away-in-wva/
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Patricia Golden
/ January 28, 2012My friend says that the government, over the past thirty or so years, has spent all of that money and replaced it with government IOUs which are not senior debt, not insured, not guaranteed by anything.
The IOUs are sitting here: http://www.washingtontimes.com/news/2010/mar/16/social-security-ious-stashed-away-in-wva/
The government doesn’t have either the tax income or the borrowing power left to redeem them.
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realitybloger
/ January 28, 2012You mean the government who borrows from itself, charges interest to itself, makes dividends from the loans and bonds, and then forces the taxpayers to pay back the bonds? That government?
You mean the government that can print money at any time? With the congress that can remove the Federal Reserve from power at any time? That can write off all of that perceived debt at any time? That government?
Again, it is not the monetary value or amount of money that is important… it is what has already been purchased with that money (tool) that we need to comprehend. That includes all corporations via controlling stock investment, most real estate, all foreign currencies, metals, mineral and water rights, and on and on.
Don’t confuse the tool with the equity that the tool has purchased.
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Kyle
/ January 28, 2012Technically the trust fund has 2.6 trillion in it but as you pointed out at the beginning of the article the money has already been spent for other things such as wars etc. So the money is not actually in the trust fund. The govt has put IOUs (meaning bonds) in the fund while taking the cash out. This means in order to pay the 2.6 trillion out we have to borrow more money from China, the Federal Reserve, or other countries which means we go deeper into debt. The fund would last for many more years if the govt had not messed with it, but it is already tecnically insolvent just like the rest of the system.
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realitybloger
/ January 28, 2012This seems to be parroted a lot, and understandably. What I find amusing about that is that the US Dollar itself is an IOU.
But importantly, over 100 billion was made in interest payments to the SS system using those 2.6 billion in IOU’s. If that isn’t value, I don’t know what is!!!
We must stop thinking in terms of money, and instead think in terms of value and equity (collateral). These government investment funds own the world, and government, not the people, own the investment funds.
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Dan Ivancie
/ January 28, 2012Interesting, while government collects from our wages and salaries(social security), they invest it and reap rewards to pay for our debt driven by wars and corporate bailouts.To name a few more we can.
At the same time our elected officials are claiming bankruptcy of one of the most viable and helpful programs in American history.
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realitybloger
/ January 28, 2012Right! It’s not SS that’s bad… It is the government attorneys (trustees) that are running it that are bad.
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Chris
/ January 28, 2012Hello,
Is it not possible to take some legal action about this in order to force this news into the mainstream media and mainstream knowledge ?
If they legally have to answer some questions, hopefully the truth will be exposed.
Cheers
Chris
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realitybloger
/ January 28, 2012They do talk about it, but not in any way that most can comprehend.
And as far as legal action… here’s how it works:
We once had what is referred to as “separation of powers”.
But now, our president and his wife are BAR’d lawyers. 56 Senators are BAR’d lawyers. about 36% of congress are BAR’d lawyers.
So, the BAR is the government, and the “judicial” is the BAR.
This means that “Legal Action” would be government (BAR’d attorneys) asking the judicial (The BAR) to rule on a news media corporation that is owned through stock investment by the very government that is asking the BAR to rule that the media must talk candidly about the government’s (BAR’s) investment funds.
Good luck with that!
GET LAWYERS OUT OF GOVERNMENT (http://gloog.us/)
-Clint-
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KAYD
/ January 29, 2012timothy geithner was adressing the PUBLIC:
( PUBLIC does mean the people or P_eople , it is a shrtened version of the term PUBLICANII ( ie roman tax collector) ..
when we use the FULL CAP SSN name we aree acting as a memeber of the public(anii) ..in its accoutns receivables department
as employee to that MR JOHN DOE ..our job is to collect the account receivables ..not worry about the interest income)
…BUT
as MR JOHN DOE acts for the RE_PUBLICANNII ..so does the RE_PUBLICANII work for the master John Doe trust created at berth ..after we were physically born..our mothers set up that trust ..and she and then later Master John Doe act as administrator: John Doe…at 18
u are actually playing two role ..IN _DIVID _DUAL
as (administrator : John Doe) u r in control of the trust that the PUBLICANII works for ..send them notice as administrator..
not at as a citizen(US EMPLOYEE ) , memeber of the tax collecting ( PUBLIC) department..
deos this make sense..
if you think about it ..the birth certificate is receipt of the legal title created when a little water cell came out of ur mothers womb..
it still is the receipt for that water cell , same weight , same size ..not the grown up you ..they got thinking the illusion at both ends..especially the one end where they legally grab you by the nuts ( as 14th amendment US CITIZEN under corporate statutory ordinances and codes)..
do u get my flow..
study TRUST LAW ..check out passingbucks.com
..try intereacting with them about the principles of common law
trusts..u will find remedy as administrator
KAYD
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johnny
/ January 28, 2012This is not the truth – there is no money in a “social security” fund anywhere anyhow and no matter what is written on a government report. Oh and the moon is made of cheese.
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realitybloger
/ January 28, 2012Can you prove that, or are we to just take your word on faith and ignore the audit reports?
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Daynes
/ January 29, 2012Funny how you back this with a lot of proof and evidence. Oh wait. You didn’t. You are just perpetuating the fact that Sheeple believe what they are told without seeking proof and truth. Shame.
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Bodie
/ January 28, 2012I’ve been following the CAFR info for a few years now. Has anyone made a simple chart that explains this clearly; government revenue from taxation AND investment? I’d love to see that and share that with those who are used to the ‘sound bite’ attention span.
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realitybloger
/ January 28, 2012I’ve made several documentaries.
See: TheCorporationNation.com
Trying to put CAFR info in a short presentation is like explaining the entire 30 volume set of Funk and Wagner’s Encyclopedia in a short brochure.
There is never a shortcut for primary research and comprehension, sorry. I wish it weren’t so.
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Let's Get Honest (FamCourt)
/ November 16, 2012I agree. Once we start looking, the human brain (when functional) can assemble the basic patterns better than it can often get those patterns on to FAQs, powerpoints, charts, lists, and representations with a whole lot of 000,000,000’s behind them.
I just am saying this on the way to grabbing the top part of the post here and re-blogging it.
Just a reminder of the human cost here (USA broadside) — kids are being trafficked into foster care, hundreds of thousands of $$ laundered (I feel that’s safe to say, from what I’ve seen) using the their names, or SS#S. Meanwhile public employees (already working from gov’t payrolls) then to form their own nonprofits to raise money for the poor, disempowered, the orphans overseas, or anything a sucker will respond to.
It WORKS, too. Unbelievable. The ability to master symbolism helps grasp the reality. I’m not a youtube watcher, I just do not have the patience, I prefer reading…
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Thomas Petsche
/ January 28, 2012Hey All…. please take some time to read this article on our Social Security Trust Fund.
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Emery
/ January 28, 2012Nice work….. Good points. Like many I use to buy the media and government lies about our bankrupt SS fund. Now it appears the real reason they want to save SS is to hide their own thievery and embezzlement.
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Daynes
/ January 29, 2012Regarding the comments about the actual money in the SS. I find it laughable how ignorant so many people are to the truth about what money itself is! How much of our currency (world wide) is simply numbers in a computer. Yah the SS funds might not have “real” money, whatever that means, but neither does ANYoNE until you take CASH out of the bank. Which is rare now days. How can anyone defend this nonsense yet Consider themselves educated?
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AllanGreen
/ February 2, 2012Could you post something about who does the Federal governments banking?
obviously its not the treasury or fed who actually runs the governments accounts. So is this done through procurement? How much does the government pay for it?
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realitybloger
/ February 2, 2012Start by looking into the Exchange Stabilization Fund.
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Big M
/ September 10, 2012Clint:
While I agree with the substance of the article (excellent work!), you might want to read this, and then reconsider whether we’re actually talking about a trust here: http://www.lewrockwell.com/orig3/attarian2.html
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Let's Get Honest (FamCourt)
/ November 16, 2012http://familycourtmatters.wordpress.com/2012/11/12/courtsgovtbusinesspart-iii-stunning-2011-admissions-from-the-usa-gao-to-the-president-and-congress-usa-cant-really-audit-itself-and-dnk-where-it-stands-financially/
Some of this covers Carl Herman/Walter Burien material. Also in there is a neat example from City of Industry California of how once you let crooks in, they just multiply voting more authorities into place and start raising money for their infrastructure.
Turns out City of Industry (In Los Angeles County and a very few miles from the port) is also physically in USA by a duty-free area.
I started looking at some of the footnoted U.S.C. code, and a list of 91 various funds the gov’t is holding (including for St. Elizabeth’s Hospital, where Ezra Pound was incarcerated while he persuaded Eustace Mullins to investigate the federal reserve, which Mullins then did). Another reference says that St. E’s is being (or was) converted for Homeland Security (DHS) HQs. … the list of accounts held includes for effects of deceased soldiers, etc. etc.
But then to actually read a USGAO report and watch it admitting it can’t issue an opinion (i.e., it disclaims to issue an opinion) on so many major accounts.
The word “hundreds of billions” was used in what they can’t reconcile. All in all, it shows up as a real circus, if it weren’t affecting so many real people negatively.
If we have tolerated this decade after decade, the time to repent and change would be now, for sure. The thing is, admitting one has been conned is such a bad feeling, some simply prefer denial and can’t get past it into a better circumstance. I’m not exempting myself, I have my gut-instinct limits of personal disgust and distress with the whole scenario.
Excerpt links:
8/21/2012, Mayor Villaigrosa of Los Angeles sent round a memo on “FY2012-13 BUDGET DIRECTIVES AND EXTRAORDINARY SPENDING CONTROLS. http://controller.lacity.org/stellent/groups/ElectedOfficials/@CTR_Contributor/documents/Contributor_Web_Content/LACITYP_021505.pdf (always trying to turn the screws a little tighter…)
US GOVERNMENT ACCOUNTABILITY OFFICE AUDITOR’S REPORT (p.211ff) [http://www.gao.gov/financial/fy2011/11gao2.pdf]
(etc.)
City of Industry Investigation article [whittierdailynews(dot)com/news/ci_21565566/investigations-into-industry-come-up-empty]
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lucid
/ November 24, 2012whew… I think I’m getting the picture taxes used to destroy independence through government stock ownership. Vanguard LLC owns most of Microsoft, is there a way to enumerate the clients it’s servicing?
Are these the people complicit in this tax embezzlement scheme?
Clint, I have something that if you critique, I’d be honored. any ideas would be great too.
http://hold-fast.5074.n6.nabble.com/Queen-Govt-CAFR-System-tc5000460.html
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realitybloger
/ November 25, 2012Done. Let me know if I can help in any way. We need more outspoken folks like yourself!
-Clint-
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