I was asked by a gentleman in the United Kingdom to help him to find a CAFR (or Annual Financial Statement [AFR]) similar to the United States system of uniform financial reporting in order to prove and document that government’s investment scheme. Though I had never searched or looked at one in any depth, I have read in several places that this AFR system is becoming ever more global in structure, and well on its way to merging into a totally global uniform structure of financial accounting. And after my extensive search, I was shocked at how this international financial accounting structure has already been implemented right under our collective noses.
Since it took me quite an effort today to search and find such an annual financial report in the UK, I wanted to share what I found with you folks across the sea, and how I finally found the CAFR (AFR) equivalent of the UK in England.
After much searching with different terms I finally found this official letter from the City Of York Council (CYC), which explains the statutory requirements of the Annual Financial Report and its “Statement Of Accounts” in the United Kingdom. This term “Statement of Accounts” seems to be the key word to find these financial statements online for each local City or government there, and the first sentence (Summary) of the letter below is fairly uniform in most of these reports, meaning that searching this term brings up many “AFR/Statement of Account” (.pdf) files for different UK governments.
Here’s what that letter says from the City of York Council:
Audit and Governance Committee 27 September 2012 – Report of the Director of Customer & Business Support Services – Final Annual Financial Report – Statement of Accounts 2011/12
Summary…
“This report is for Members to Note the Annual Financial Report – Statement of Accounts 2011/12. Members will then approve the Annual Financial Report – Statement of accounts 2011/12 following consideration of the Annual Governance Report – Audit Commission, which follows on this agenda.”
Background…
“The draft pre-audit Annual Financial Report – Statement of Accounts for 2011/12 were signed by the Chief Finance Officer – Director of Customer & Business Support Services – on 29 June 2012. This is in accordance with the revised Accounts and Audit Regulations 2012, which require authorisation by 30 June each year.”
“The Annual Financial Report – Statement of Accounts 2011/12 has been prepared in accordance with the CIPFA Code of Practice on Local Authority Accounting in the UK, in line with International Financial Reporting Standards (IFRS).”
“It is a statutory requirement to produce an Annual Financial Report – Statement of Accounts every year by 30 September.”
“The Annual Financial Report – Statement of Accounts provides a technical financial summary of the activities of the council and assists in providing the Council with a viable financial position in which to base it future budget projections. It is a statutory requirement that the Audit & Governance Committee approves the Statement of Accounts after the audit by 30 September 2012.”
“Members are asked to Note the Final Annual Financial Report – Statement of Accounts for 2011/12 in order that they can receive the Annual Governance Report of the Audit Commission also included on this agenda. (The Annual Financial Report – Statement of Accounts 2011/12 will be approved by members following the Annual Governance Report – Audit Commission.)
Reason…
It is a statutory requirement that a committee of the Council or Full Council approves the Statement of Accounts for 2011/12 by 30 September 2012″
–=–
So we now know these reports are statutorily (legally) required for all cities in the UK. So my next step was to pull up the City Of York Annual Financial Report to see what I could find, with the goal of finding the equivalent habit of the United States governments in UK financial reporting of the hiding of current assets with future liabilities. And here is what I found…
City Of York AFR link (download page link)–> http://www.york.gov.uk/downloads/file/543/statement_of_accounts_2011_12_8_00_mb
First, we look in the index to find the equivalent Statement of Net Assets as in the United States – a listing of basic assets, liabilities, and total assets after these two sections are totaled.
On Page 17 we find listed the “BALANCE SHEET”. This is the only page we will be addressing here today, though it is in no way a comprehensive look at these Financial Statements. The notes are integral to a full understanding of this report, as well as utilizing this same examination technique to the reported individual fund (reserve) balances below – which are also covered up with similar creative accounting principles to lower the reported balances.
The first thing I noticed here is that where the United States refers to its investment funds as “Fund” and “Fund Balances”, the UK government apparently uses the name “Reserve” and “Reserve Balances” instead – same thing; different language.
I also noticed that the “TOTAL ASSETS” final total is equal to the “RESERVES” final total, signifying that the reserve (funds left over) balance of cash and investments is called the “RESERVES”.
Also interesting to note is that under the ASSETS section, the government lists “LONG-TERM ASSETS”, which is a very deceiving reporting of what in the Untied States are called Capital Assets – buildings, property, etc.
These “LONG-TERM ASSETS” as property with fluctuating values should in no way be confused with future income or tax revenue, which would account for and equal out to zero future debt payments as reported in the Long-Term Liabilities section. In other words, just like in the United States, this UK government is using FUTURE LIABILITIES (future payments on debt to be made years or decades in the future) to cover up the CURRENT ASSETS (RESERVES) of today (end of fiscal year of AFR). In this way, the reserve (investment fund and cash account) balances can be hidden from the public, creating the illusion that these CURRENT reserves (assets) are matched by CURRENT liabilities listed as Total Assets.
And this is the scam… for the future debts (liabilities) will be paid for by future revenues (taxes/assets) collected, and therefore the CURRENT assets should not be affected by the future York debt payment schedule – no more than your personal bank account balances today are effected by your own future car or mortgage payments of tomorrow. A reporting of assets held today should not be effected by debt payments tomorrow, unless someone is attempting to purposefully hide today’s assets.
Thus, this obfuscation and cover-up of actual government wealth in government financial reporting is uniform and perfectly legal throughout the world.
The people are still sitting on their collective asses here in the good ol’ United States, but maybe ya’ll over there in the Queens land might actually do something about this – maybe some of those famous riots I so love…
So let’s take a look at what the real financial position of the City Of York was on September 30, 2012…
The 2012 reserves include ($=British Pound):
“USABLE RESERVES”
General Fund Balance – $13,441,000
Capital Receipts Reserve – $992,000
Housing Revenue Account Reserve – $10,811,000
Major Repairs Reserve – $574,000
Capital Grants Unapplied – $4,541,000
Earmarked Reserves – $23,541,000
“UNUSABLE RESERVES”
Revaluation Reserve – $130,489,000
Capital Adjustment Account – $347,342,000
Available-for-sale Financial Instruments Reserve – $0
Financial Instruments Adjustment Account – $(-2,060,000)
Pensions reserve – $(-181,934,000)
Collection Fund Adjustment Account – $169,000
Employee Benefit Adjustment Account – $(-5,321,000)
These are the same types of investment funds which in America are called “Funds” (debt service fund, golf fund, water fund, sewer fund, capital improvement fund, etc.). The purpose of these reserves as investment funds is to put restrictions upon that revenue reserve in order to take it out of the taxpayer base and into the business-type (non-governmental) base (no longer able to be used in the taxpayer budget) – where it can be invested into treasuries, securities, and utilized and loaned for interest bearing purposes. This is the purposeful draining of taxpayer money from taxpayer services, and it is fraud. For this, I think you all should give me at least one good riot!
You see, you in the UK also have the same criminal hiding (obfuscation) of these assets as we do in America, by applying future liabilities to current asset totals, and excluding the actual value of assets on the budget report for the people.
My last article explains this scam in America, here: https://realitybloger.wordpress.com/2013/02/27/unmasking-the-cafr-scam-in-every-city-usa/
And in UK reporting, it is the same…
Under “LONG TERM LIABILITIES” York has listed $443,631,000, meaning that these are future amortized loan payments, pension, or other liabilities (payments) that will be paid in the future by future assets collected and investment returns earned. In other words, today’s actual balance is being effected by tomorrows debt without consideration of tomorrows revenue as tax-money collections or interest earned in the future on these above listed investments (reserves of fund balances).
“LONG TERM BORROWING” is listed at $252,766,000 for instance, meaning this is taking the reported budgetary balance of assets down by this much in value, literally hiding the wealth and investments of today.
And also listed as a long-term liability is “LIABILITY RELATED TO DEFINED BENEFIT PENSION SCHEME” for $181,934,000. This represents the amount of future assets that will be put into the pension fund “scheme”, but in no way effects the available balance of today’s assets. Again, future asset and revenue collection will pay for this future pension liability.
And yes, the pension system is certainly a scheme, no different than any insurance or banking investment scheme out there. It is simply a way to justify more taxation to “match” the pension payments made by government employees with taxpayer monies and invest those monies into the global markets.
And so if we add up just these two “long-term liability” line items for “pensions” and “borrowing”, realizing that they have nothing to do with the balances of today, we see that total assets should read as $434,700,000 higher than are reported here on this “Balance Sheet” report. That brings our actual total usable money today (Total Assets) in cash and liquid investments to a total of $777,340,000 instead of the reported $342,640,000 – more than double of what the people are led to believe on their budget report.
This will be the uniform way of financial reporting throughout the governments of the UK. So if you can find your City’s AFR and then go to the “BALANCE SHEET” in the index, you will find an equal report for every government in the UK.
***Note again that I use the $ sign here only because I don’t know where the pound sign is on my computer.
–=–
What About The Rest Of The World?
–=–
As this was the first I have heard about the “International Financial Reporting Standards (IFRS)” as reported in the City of York Council letter above, I took a quick peek to see what this was all about. As with most things – like the International Social Security Administration (ISSA) with over 130 countries under its administration, and the International Bar Association (IBA) with untold participation of all countries and legal systems including the United States, it appears that the IFRS is yet another glimpse into the globalization of the world financial and legal framework into one working “system” and standard of global practices.
A cursory search for this IFRS and how it was being implemented both in the United States and globally brought the following results:
“International Financial Reporting Standards have truly arrived in Canada”
Link–> http://www.lexology.com/library/detail.aspx?g=eafd7f7e-f1e9-42d0-96ac-d6d229be5d8a
“Managing The Transition To International Financial Reporting Standards – An Oracle White Paper”
Link–> http://www.oracle.com/us/products/applications/056877.pdf
Excerpt:
EXECUTIVE OVERVIEW
This white paper identifies the many challenges companies face when implementing International Financial Reporting Standards (IFRS) in corporate reporting. It also explores how Oracle’s IFRS-enabled enterprise performance management system can ease this transition. The Oracle solution provides the high level of analysis and transparency that companies need in today’s demanding and uncertain global financial reporting environment.The world’s capital markets ebb and flow continuously, and participants in that marketplace must have access to financial information that faithfully reflects their economic performance.
INTRODUCTION
Since the early 1970s, the International Accounting Standards Board (IASB) and its predecessor, the International Accounting Standards Committee, have worked to develop a single set of international standards, the IFRS. The world’s capital markets ebb and flow continuously, and participants in that marketplace must have access to financial information that faithfully reflects their economic performance, is consistent among companies around the globe, and is governed by a trusted and respected authority of corporate compliance.This massive international endeavor is one of unprecedented scale and complexity—one that is now bearing fruit, despite some minor setbacks. These setbacks have included, for example, the well-publicized amendments to International Accounting Standards (IAS) 39: Financial Instruments: Recognition and Measurement. Nevertheless, IFRS have gained acceptance and traction in all major regions of the world.
Europe
The most-notable progress has been in Europe. In June 2000, the European Commission published the document, EU Financial Reporting Strategy: The Way Forward, which proposed that all publicly listed companies prepare their consolidated accounts in accordance with IAS by 2005. Remarkably, given the scale of the undertaking, more than 9,000 listed companies are now using IFRS when generating their consolidated financial statements.In addition, member states of the European Union (EU) allow companies to use IFRS for corporate income tax statements. Today, most EU countries require companies to generate reports that are in compliance with local Generally Accepted Managing the Transition to International Financial Reporting Standards Page 3 Accounting Principles (GAAP) for tax purposes, but those reports don’t have to be in compliance with IFRS. In practice, companies may be implementing IFRS anyway, as local GAAP guidelines increasingly converge with IFRS.
United States
Following Europe’s success in implementing IFRS, there is renewed focus in the U.S. to merge U.S. and international accounting standards. Presently, there are approximately 11,000 companies whose securities are registered with the U.S. Securities and Exchange Commission (SEC), of which about 1,100 are non-U.S. companies. Since 2005, non-U.S. companies have been allowed to submit their financial statements to the U.S. SEC in compliance with either U.S. GAAP or IFRS, as long as they reconcile discrepancies in the results between the two. But in November 2007, the U.S. SEC voted to drop the reconciliation requirement for financial statements for the year 2007. This represents a major step forward in a long process as U.S. GAAP and IFRS converge. IASB Chair Sir David Tweedie has said that the two sets of standards could be completely merged by 2012. According to SEC Chair Christopher Cox, “The SEC’s decision could put a shine on the image of the United States in the global capital markets system, improve capital-raising opportunities for companies, and provide better comparability of financial statements for investors.”The shift from the rules-based U.S. GAAP to the principles-based IFRS is intended to improve transparency rather than simply enforce compliance, as it allows for some judgment by implementers. However, there are many challenges ahead for the Financial Accounting Standards Board (FASB) and for the finance executives of U.S. public companies who will be making the transition. For example, fair value accounting, a key practice in IFRS, should be familiar to U.S. finance executives because current FASB accounting rules require fair value accounting for such items as derivatives, securitizations, intangibles, and employee stock option grants. However, assessing the value of other assets and liabilities in the absence of active markets could be very subjective, which could make financial statements less reliable. Nevertheless, the FASB is moving forward to enforce fair value accounting in specific areas—pension and lease accounting proposals are currently up for discussion. IFRS even eliminate long-standing practices, such as “last-in-first-out” accounting for inventory valuation, which will be replaced with the newer “first-in-first-out” method.The shift from the rules-based U.S. GAAP to the principles-based IFRS will improve transparency rather than simply enforce compliance.
Canada
In 2005, the Canadian Accounting Standards Board announced a directional change, favoring the use of IFRS over the use of U.S. GAAP. In 2007, the board established a fixed deadline of 2011 for Canadian companies to adopt IFRS for financial reporting. For publicly listed companies, IFRS will be required for interim and annual financial statements relating to the fiscal years beginning January 1, 2011. Canadian private companies and nonprofit organizations are not required to use IFRS, but are permitted to adopt IFRS after 2011.“With the date firmly established, enterprises can plan for the changeover with certainty about the timetable,” said Paul Cherry, chair of the board. “A significant challenge lies ahead but it will be made far more manageable if business leaders prepare early.”“A significant challenge lies ahead but it will be made far more manageable if business leaders prepare early.”—Paul Cherry, chair Canadian Accounting Standards BoardCanadian companies will have to provide comparative data based on IFRS for the previous fiscal year. That is, enterprises must start using IFRS by 2010, and should begin preparing for the transition in 2008 and 2009.
The World
Regulating bodies in countries as diverse as Armenia, Costa Rica, Kuwait, Peru, Australia, and South Africa require reporting from all publicly listed companies to be based on IFRS. In addition, the International Organization of Securities Commissions has recommended that the world’s regulators permit companies to prepare financial statements based on IFRS for cross-border offerings and listings. The IASB has also begun a project to merge the Japanese GAAP with IFRS.
End Excerpt
And for a generic description, Wikipedia states:
IFRS began as an attempt to harmonize accounting across the European Union but the value of harmonization quickly made the concept attractive around the world. They are sometimes still called by the original name of International Accounting Standards (IAS). IAS were issued between 1973 and 2001 by the Board of the International Accounting Standards Committee (IASC). On April 1, 2001, the new International Accounting Standards Board took over from the IASC the responsibility for setting International Accounting Standards. During its first meeting the new Board adopted existing IAS and Standing Interpretations Committee standards (SICs). The IASB has continued to develop standards calling the new standards International Financial Reporting Standards (IFRS)…
IFRS are used in many parts of the world, including the European Union, India, Hong Kong, Australia, Malaysia, Pakistan, GCC countries, Russia, South Africa, Singapore, and Turkey. As of August 2008, more than 113 countries around the world, including all of Europe, currently require or permit IFRS reporting and 85 require IFRS reporting for all domestic, listed companies, according to the U.S. Securities and Exchange Commission.
It is generally expected that IFRS adoption worldwide will be beneficial to investors and other users of financial statements, by reducing the costs of comparing alternative investments and increasing the quality of information. Companies are also expected to benefit, as investors will be more willing to provide financing. Companies that have high levels of international activities are among the group that would benefit from a switch to IFRS. Companies that are involved in foreign activities and investing benefit from the switch due to the increased comparability of a set accounting standard. However, Ray J. Ball has expressed some skepticism of the overall cost of the international standard; he argues that the enforcement of the standards could be lax, and the regional differences in accounting could become obscured behind a label. He also expressed concerns about the fair value emphasis of IFRS and the influence of accountants from non-common-law regions, where losses have been recognized in a less timely manner.
It is interesting to note here that the above mentioned “International Accounting Standards Committee (IASC)” was created and based in the City of London until 2001, and that the United States was a member through the private association called the American Institute of Certified Public Accountants (AICPA), the United Kingdom and Ireland (counted as one) were members through the Institute of Chartered Accountants in England and Wales (ICAEW), Scotland through the Institute of Chartered Accountants of Scotland (ICAS), Ireland through the Institute of Chartered Accountants in Ireland (ICAI), and in whole the United Kingdom through the Association of Chartered Certified Accountants (ACCA), Chartered Institute of Management Accountants (CIMA), and the Chartered Institute of Public Finance and Accountablitity (CIPFA) – among other countries.
The fact that the United States was a member of this London-based organization dovetails on the very threat of a loss of United States borders and sovereignty that I have been warning about for many months, and other for years – through the utilization of private, non-governmental associations such as these drawing in most of the positions of trust and power within the United States; specifically via appointed (not elected) offices like Public Accountants, Financial Officers, City Managers, and through private NGO associations like the National Governor’s Association (NGA) and the National Mayors Association (NMA). These private non-governmental associations promote uniform legal codes and standards on a national and global basis. In short, government has changed so dramatically that it is now virtually unrecognizable; run and administered through private associations that are non-governmental, supposedly non-profit, tax-exempt, and completely nationally and internationally appointed without consideration by and of the people.
In the case of the International Accounting Standards Board, we see the following progression:
On January 25, 2001, the International Accounting Standards Foundation (IASF) was incorporated as a tax-exempt organization in the US State of Deleware. On February 6, 2001, the International Financial Reporting Standards Foundation was also incorporated as a tax-exempt organization in Delaware. The IFRS Foundation is the parent entity of the International Accounting Standards Board (IASB), an independent accounting standard-setter based in London, England.
On 1 March 2001, the IASB assumed accounting standard-setting responsibilities from its predecessor body, the International Accounting Standards Committee (IASC). This was the culmination of a restructuring based on the recommendations of the report Recommendations on Shaping IASC for the Future.
The IASB structure has the following main features: the IFRS Foundation is an independent organization having two main bodies, the Trustees and the IASB, as well as a IFRS Advisory Council and the IFRS Interpretations Committee (formerly the IFRIC). The IASC Foundation Trustees appoint the IASB members, exercise oversight and raise the funds needed, but the IASB has responsibility for setting International Financial Reporting Standards (international accounting standards).
So who is it that this totally independent Foundation appoints to be the members of the board?
Members
The IASB has 14 Board members (12 are full time members and 2 are part time) each with one vote. They are selected as a group of experts with a mix of experience of standard-setting, preparing and using accounts, and academic work. At their January 2009 meeting the Trustees of the Foundation concluded the first part of the second Constitution Review, announcing the creation of a Monitoring Board and the expansion of the IASB to 16 members and giving more consideration to the geographical composition of the IASB.
The IFRS Interpretations Committee has 14 members. Its brief is to provide timely guidance on issues that arise in practice.
A unanimous vote is not necessary in order for the publication of a Standard, exposure draft, or final “IFRIC” Interpretation. The Board’s 2008 Due Process manual stated that approval by nine of the members is required.
The members (as of July 2011) were:
- Hans Hoogervorst (Chairman), Netherlands, former Minister of Health, Minister of Finance
- Ian Mackintosh (Vice-chairman), New Zealand, former Coopers & Lybrand, Chief Accountant Australian Securities and Investments Commission
- Stephen Cooper, UK, UBS Investment Research
- Phillipe Danjou, France, former Arthur Andersen, AMF (Financial Markets Authority of France)
- Jan Engström, Sweden, former Volvo Group
- Patrick Finnegan, USA, formerly of the CFA Institute
- Amaro Luiz de Oliveira Gomes
- Prabhakar Kalavacherla (‘PK’) (was an audit partner at KPMG LLP in the San Francisco office[7] )
- Dr Elke König (Germany)
- Patricia McConnell, USA, formerly of Bear Stearns
- Takatsugu Ochi (Japan)
- Paul Pacter (US)
- Darrel Scott (South Africa)
- John T. Smith, USA, former Deloitte, FASB
- Zhang Wei-Guo, China, former Professor in Shanghai, China Acc. Standards Committee
Former IASB members include James J. Leisenring, Robert P. Garnett, Mary Barth, David Tweedie, Gilbert Gélard, Warren McGregor, and Tatsumi Yamada.
So America… who is setting the accounting standards for your elected and appointed politicians so that obfuscations like the one shown above can be uniform throughout the world?
Well, CEO’s and bankers from around the corporate and government world for starters – from Japan, South Africa, France, Sweeden, Germany, China, United Kingdom, Brazil, New Zealand, Australia, and the Netherlands – and from such mega-corporations as Bear Stearns, Deloitte, Volvo, Arthur Andersen, UBS, Coopers & Lybrand, and KPMG.
Note that of the 14 appointed members, only 4 are from the United States. And the chairman is from Netherlands. And so the supposedly sovereign United States (or any country for that matter) can be out-voted by the consensus of this group. Does that sound like sovereignty to you???
As for the City of York Council and Cabinet we see the same problem of delegation of the functions of elected officials to appointed officers and employees. It is their responsibility according to York’s own constitution to “appoint the Chief Executive (Head of Paid Service) and designate officers as the Monitoring Officer, the Chief Financial Officer and Proper Officers under the relevant legislation designate Proper Officers has been otherwise delegated in this Constitution… appoint representatives to outside bodies unless the appointment is one that must by law be made by the Cabinet in relation to its functions or has been delegated by the Council.” “Functions which are the responsibility of Full Council may be delegated to a Committee (including a Ward Committee), a sub committee, an Officer or another Local Authority. Functions which are the responsibility of the Cabinet (called “Cabinet Functions”) may be delegated to a Committee of the Cabinet, a Ward Committee, an individual Member of the Cabinet, an Officer or the Cabinet of
another Local Authority.”
(Source: See Part 3 of York’s Constitution, here: http://democracy.york.gov.uk/ecCatDisplay.aspx?sch=doc&cat=12830&path=0)
–=–
This has been a long process of incremental change over many decades, and within the United States dating back to the late 1800’s. These private associations and NGO’s have taken over the entire framework of government, and are ghostwriting the legislation and laws of this and other countries around the world – all through common standards and practices originating from a global board on a global committee.
Understanding this reality of the structure of our now completely infiltrated government is the first step to understanding the full scheme of investments and greed that have now shaped the world economy. And the lies and obfuscations allowed by international law to be implemented as an international standard of financial reporting is already upon us.
Welcome to the global machine…
.
–Clint Richardson (Realitybloger.wordpress.com)
–Monday, March 4th, 2013
REALITY BLOG 
Lynne
/ March 4, 2013Clint – You are one awesome researcher. (I can say that since I am a professional researcher). Your stuff is always spot on and air tight. I read you first in the morning, actually, ahead of Drudge or anybody else out there. Thank you sincerely for the incredible work you do, the time you put in, and the sacrifices you must be making. You are one of my heros. Bless you.
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realitybloger
/ March 4, 2013Thank you so much! That’s quite a compliment, and keeps me going.
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Walter Burien
/ March 4, 20131883 – HOUSE OF COMMONS Annual Financial Report – commented on regarding the “Tax on Tea” from the NY Times – http://www.nytimes.com/1863/05/01/news/great-britain.html
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Walter Burien
/ March 4, 20131881 – HOUSE OF COMMONS – UK- Annual Financial Statement – India income going well, opium trade not reaching expectations though:
http://hansard.millbanksystems.com/commons/1881/aug/22/the-annual-financial-statement
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realitybloger
/ March 4, 2013Thanks Walter… shame about the opium.
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Walter Burien
/ March 5, 2013That’s OK, the opium trade as of 2002 has been put back on track in current years with the takeover of Afghanistan. Those Taliban religious fanatics burnt most of those poppies fields but we stopped them cold in their tracks and the opium production is back up to being better than it ever was. Sales to China and Europe now are breaking records and profits are souring.
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Ron Schuster
/ March 4, 2013Your research and reporting is an absolute. My salute! I always had only distrust in any financial reporting by the government. In fact the entire existing of government is based on fraud and deception. I have the deepest contempt imaginable for any politician. They all should be in prison for financial crimes. What they are doing is with malice and with forethought and carefully planned and executed. These criminals are at work globally as if they would work in concert!
Ron
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realitybloger
/ March 4, 2013Yes sir! Make no illusions about “stupid” politicians. They rob you blind while playing stupid, and you are absolutely correct that this whole scheme is a well thought out conspiracy with uniform legal protections.
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Robin
/ March 5, 2013Many thanks for this information. I live in New Zealand, so I will try and find the process here. I have emailed York City Council to request whether there were any errors in their calculations.
Robin
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Walter Burien
/ March 5, 2013Per the UK, the US, and every other large country cooperating in the corporate takeover consortium:
Profits are one thing, the power-base as those collective trillions are invested is another.
Every investment fund large and small is a power-base. Who holds the funds, where invested domestic or internationally determines what company; real-estate venture; or product line succeeds or fails through the allocation investment of those funds.
In the US with a conservative 110 trillion dollars in value collectively held between local and federal government you can just imagine how much grease is on those skids for the players involved when it comes down to who gets what..
On a note per profits on the same:
When government focuses on an industry group or company for takeover, they collectively take over by investment, then the same government consortium can funnel taxpayer revenue into the same guaranteeing themselves hefty profits.
Those trillion dollar bailouts in 2008/2009? People kept screaming why? Are they stupid throwing money out the window like that?
No, they were just keeping their own investment portfolios in the black.
Health care bill? What boondoggle are they creating now? This is costing us more and we are getting less, are they stupid or what?
No, collective government owns the primary health care groups by investment and they are the #1 primary investors with the insurance groups. Through the structure of the health care bill passed they just guaranteed themselves massive profits this year and in future years by funneling in trillions of taxpayer revenue into the same.
And you thought your government officials were stupid.
TREASON: “Treason doth never prosper; what’s the reason? For if it prosper, none dare call it treason.” Sir John Harrington, 1561-1612
There is a very precise plan. It was drawn up years ago. Who sees the plan is the only issue.
“The Plan” is not for public disclosure or comprehension.
You see “The Plan” started in 1943.
“The Plan” was to create a unified corporate world government whereby all would prosper (especially those calling the shots)
The population and the resources were to be managed under one globalized corporation standard.
The countries that were “independents” from around the globe were to be converted or in the alternative eliminated.
Over the last 50 years conversion of the three largest, India, Russia, and China was accomplished.
In the last ten years the hold-out independents were targeted starting with those that held the most valuable resources. Afghanistan (a weakened country) was taken first as a launching grounds to take Iraq. (a taking that resulted in the deaths of over three-million locals, a number of loss of life in perspective that can only be compared to a Hitler takeover of a comparatively sized country) The people’s reaction in the USA? Masterfully entertained into distraction and mesmerized complicity.
Come 2011 the closing game of a ten year plan goes into full swing. CIA orchestrated collapses of “other” MID-Eastern countries to weaken and put into dis-ray so that when the final takeover game goes into effect (Iran) the possible support Iran may receive will have been neutered. First Tunisia, then Egypt, then Libya (not an easy go there due to lack of cooperation from the ruling party)
Why commit military might when you first can trigger a mob mentality in the direction and for the cause you wanted to accomplish in the first place, the takeover of that country. Then if opposition sticks its head up, the word of the day becomes “You are helping the liberation forces” Hitler played out that one very effectively at the beginning of WWII with Belgian, Poland, and even France. (didn’t work too well in Russia though)
Oh yes, there is a definite plan and the time-lines have played out step by step since September 11, 2001. Steps that were put with crystal precision on the drawing board.
End result: One corporate global governance controlling the global population and world resources without any opposition from any independent players of consequence.
Reality is based on the end result of the big picture in play. It has always been due to the massive wealth involved for conversion by spoon fed propaganda designed to accomplish conquest and conversion of resources.
The general public that may have ethics and a strong will not agreeing to meet the terms of the end game plan of the controllers are thus masterfully entertained with distraction as the end game fulfills its destination unabated or in most part even without outside comment or cognitive thinking in general from the population for intervention.
What must we all diligently do?
Well, we all must focus on the big picture of the end game intended result of our corporate government controllers.
You can not modify or change something unless you can clearly see it in the first place. With that in mind, that is exactly why we are all saturated and spoon fed massive distractions on a daily basis. It keeps us from focusing on or influencing the outcome of the fundamental reality taking place before us.
The controllers win by selective presentation and intentional omission, and in their viewpoint they win by having absolute ownership and control “of it all”. And PS, that includes you and me also.
It is very important to stop the car of nationalism we are all driving immediately, and clearly look to see where we are in the first place.
Would also be a good idea for all of us to scrape that road kill off our own bumpers that by masterfully presented distraction we never noticed was there in the first place. It is building up a little to thick you know from not looking and learning..
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Robert Deatrick
/ March 5, 2013Once again, excellent research and commentary, Clint – and to Mr. Burien, as you said, word for word, exactly how I would describe our “situation”.
I believe “the Plan” began as far back as the Biddles of Philadelphia, circa 1681 and their repeated familial generations’ strategic involvements with the shaping of US/foreign economic policy through the various creations of the Central Bank and the United Nations. This introduces a direction of investigative research all its own, leading to the shadowed presence of Freemasonry cast across our nation. But I’m straying off-topic.
As you help me untangle myself from the morass of “legalese” – the governmental infrastructure word salad which both enables and obscures the treachery of multinational corporation CEOs and majority stock holders alike, I begin to see the common threads within this spider’s web.
Your thorough documentation of this treachery with regards to the international accounting standards board and their alphabet soup constituents goes hand-in-hand with some of your other past-posted research. When put together, the picture is clearly horrifying.
Note that the IASB members are “selected”. By whom, I wonder? Also note that the “Trustees of the Foundation” are just that, “trustees”. By its very definition this suggests that there are deeper levels of Imperialism beneath what is discoverable herein for such an appointment of “trust” requires the representative to take responsibility on behalf of another’s interests. Thus, while these few are by no means above incrimination, they are likewise not the final source(s) of the undermining of our sovereignty and subsequent oppression and exploitation. Such is almost certain to be traced back to London, City of.
Jordan Maxwell makes a very profound case for understanding the structure of US government in its entirety as nothing more than “incorporation”. His findings trace the origins of our legal system back to the country from which we thought we had so long ago overcome. Just as you noted that the IASC was created and based in the City of London, Maxwell demonstrates how the American Bar Association (British Accredited Registry) works for the Crown of England under Admiralty Law. I can’t help but see the parallels in your own research, what with the privatization of law enforcement and the government’s involvement with undeclared stock market investments and earnings of taxpayers’ money.
It becomes obvious that “government” at every level is but an instrument of high finance and as such may be traced back to the Black Nobility, among others. It is my contention that they consider themselves the “owners” of the Corporation of the United States of America. Hence, we are neither sovereign nor emancipated, rather merely considered insular possessions of or assets to the Corporation. As such, the IASB and their ilk don’t even play by their own rules, failing to declare such assets in their annual financial statements. Imagine your surprise to discover yourself entered into the column of “future potential assets” on the “real” set of books.
Clint, this interpretation of the Constitution may interest you:
http://www.barefootsworld.net/admiralty.html
He highlights at least half a dozen congressional misdeeds that I believe you yourself would add to the list of things to be overturned when you are elected President (referencing your bid to be recognized as a candidate in the last election.) I’d certainly be interested in your perspective on it anyway. (As if you didn’t have anything else to do. 🙂
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RonMamita
/ March 11, 2013Oooh, I AM SHARING!
Great report and comments, please blog, share, and discuss in your spheres of influence as more people of earth wakes up.
Thank you Clint, Walter, Robert and everyone,
Change is occurring and we are part of it!
LOVE and Peace
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technical analysis stock
/ July 19, 2013Do not approach professional traders to ask them where you
should invest your money. No one will share their tips with you when it
comes to specific investments, and you should not share yours.
Instead, talk about different sectors and industries: this is the closest thing to a tip you will ever get from other traders.
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Let's Get Honest
/ February 16, 2015RE: (from post):
“Since 2005, non-U.S. companies have been allowed to submit their financial statements to the U.S. SEC in compliance with either U.S. GAAP or IFRS, as long as they reconcile discrepancies in the results between the two. But in November 2007, the U.S. SEC voted to drop the reconciliation requirement for financial statements for the year 2007. This represents a major step forward in a long process as U.S. GAAP and IFRS converge. IASB Chair Sir David Tweedie has said that the two sets of standards could be completely merged by 2012. ”
http://uniformlaws.org — All members must be attorneys. Apparently a name change from The National Conference on Commissioners for Uniform State Laws occurred in 2007?
If anyone can help me locate a “CAFR” of this entity called into being by, initially, the Alabama Bar Association — ca. 1892 (!!), which cleverly, or evasively on its website, calls itself an “organization,” an “association,” an “unincorporated nonprofit” but on closer look re veals it’s actually a government entity — at least it has constituent entities, and in 1958 (Montana Law Review) a nice summary tells how it was called into being, and state legislatures were persuaded to join up (appoint commissioners), and from there, not only draft, but also push through and get enacted a variety of model laws which JUST so happened to deal with control of the person, of items of value (included traded securities), property, inheritance etc. :
“The World’s Least Known Legislature” (see http://tinyurl.com/maz25zb )
Montana Law Review
Volume 19 Issue 2 Spring 1958 (Article 6) <~<~<~<~ note YEAR……
Uniformity in the Law—The National Conference of Commissioners on Uniform State Laws
John F. Blackwood"
The "Uniform Commission" (NCCUSL)
does have an EIN# (as seen by related organization, a "Uniform Foundation" which gives money to it, as did the ABA ($26.75K), at least one year. That EIN# is 36-2307682, and the street address 111 N. Wabash, Suite 2010, Chicago, IL 60606. They talk about how gracious we should all be because of the hours volunteered by the commissioners (all of whom are attorneys), however, their expenses ARE reimbursed or paid, including from state appropriations. In my personal experience, the past decade-and-a-half, I don't see that more attorneys on any situation = more justice; the pro bono ones have paid owners, and blind spots they are prone not to mention pre-retainer, and a tendency to refrain from getting the evidence on the record (and so protect their futures in front of the same judges).
~ ~ ~ ~
I was just looking at a tax return of the American Bar Association (YE 8-31-2013, http://tinyurl.com/qaoqozm ), a 501(c)6 (not “3”). It hasn’t bothered to fill out “Year Incorporated” and disdainfully summarizes its program purpose without filling in the numbers (they must be simply too large and too important to be required to complete such menial tasks, despite their $140M “revenues” and over $6M spent on employees ($5M of it key ones and trustees) and other millions on contractors (USPS — $2.8M, etc.)…
“4(a) (Code ) (Expenses $ including grants of $ ) (Revenue $ )
The American Bar Association is one of the largest voluntary professional associations in the world Throughout its history, the ABA has demonstrated an ability to anticipate the needs of the legal profession and respond to the needs of a changing society The ABA brings the resources of a large national organization to the analysis and development of policy on issues that are of concern to both the profession and the public. Much of this work is carried out through entities of the Association, primarily Sections, Divisions and Forums [Continued on Schedule 0”]
Schedule “O” {which also has no numbers] continues tooting its own horn, but can be summarized in this sentence: “TheABA provides LAWYERS unparalleled opportunities for professional growth and service through numerous groups dedicated to specific areas of law The Association currently has 21 Sections, which range in size from about 3,600 members to more than 60,0007 divisions and 6 forums. All of these groups draw their membership from lawyers, judges, academics, law students and associate members with common interests…”
______________
Part X, Balance Sheet, Line 11) it’s got $246,095,261 ***held in public traded securities,*** reports End of Year $270,000,00+. More detail on them not shown)
______________
Part VIII Revenues: The money is being made primarily in “Program Service Revenues”:
Meeting Fees ($27M)~ Publication Revenue ($12M) ~ Advertising ($3M)~ Membership Dues ($72M) = $115M. There’s also earnings from investment dividends ($7.6M) and royalties ($7.8M). By this definition, it qualifies as tax-exempt because it’s actually a trade association (and takes some contributions). In funciton, it’s a profitable business (very) and the chances are that those Membership Dues, Meeting Fees, and etc. are NOT being passed on to the customers, clients, (not to mention its tax-exempt status) is what???
____________________________
It has an endowment fund of $10M (peanuts, relatively speaking), but also says that its real endowment is held in one of the related organizations.
______________
It reports on schedule “R” FIVE (count’em, “5”) related tax-exempt organizations, several in Chicago (same address), one in Reno Nevada (National Judicial College) and one in D.C. (“The World Justice Project”). It also has a related “taxable as corporation or trust” “ABA Benefit Plans (same Chicago address), EIN# 36-2550367.” One of those 5 tax-exempt entities (James O. Broadhead Corporation, purpose “Title”) was dissolved, freeing up $50M of assets
______________________________
This is certainly not the largest corporation, around, but it’s how they’re related that most concerns me. I read tax returns, literally, every day — and I’ve been tracking the “interlocking directorate of civil servant trade associations” for some years — it functions to shadow the sectors of government which handle property, assets, resources from the HHS (largest grantmaking agency, formerly “HEW” before Dept. of Education split off), and in short, the money. Let alone the factor of whether the figures we’re reading are honest, I think anyone who thinks we have a bit of control (as individuals) over this situation, is by definition in-sane. It’s not sound thinking, but merely (as has been said plenty) distraction and entertainment. ……. The process of SYSTEMATICALLY “Nationalizing” (standardizing) all primary areas of government and removing transparency from the public has been gong on for a long time now, and is enabled in GOOD part by the sheer fact that we have been income-taxed overall, and the tax-exempt sector so multiplied (and unmonitored) — let alone the religious-exempt style institutions, which then become magnets for more programming — is the recipe for slavery. Public Schools (sic) exist and continue to be sponsored in every state, probably to make sure we never learn this, or develop the skills, acquire a life involving enough free time, or get around to figuring this out. (California just restructured its educational funding, recently, throughout the state. Some CAFRs are hard to find, certainly not made available in the public library (which I’m changing) and meanwhile for each school district that most people haven’t read the financial statements of, there are parallel “education foundations” to raise money to provide anything beyond the basics (such as libraries, music, art, etc.). MEANWHILE of course it’s gone “Common Core.”
ANYHOW, if any reader can locate a financial statement (or, on a state financial statement, appropriations for) the Uniform Law Commission, I am interested. They pushed for no-fault divorce law (Model Marriage and Divorce Act), which Calif. passed in 1970, and many other things. The ABA was formed AFTER the APA (American Psychological Association), both are very powerful, and both are highly involved in running the courts, and internationally aligning the justice system as well, and have their systems change models down.
—
Also want to thank Clint, again, for his series “Cracking the Cult of the Constitution,” which I continue to recommend to others. I have had an attorney in the family (career government service) and am currently dealing with a probate situation involving a pile-up of attorneys AND social service workers feeding off my inheritance (under $1M, and very much needed right now), controlling housing, and just to rub it in, stealing the only decent piano I’ve had since moving to California, and I came here a musician, and after separating from an abusive (violent) marriage, re-established an income as a musician.
—-
The attorney in question (who is married to another, also career government employee) has her own grand piano (larger), is not a musician, knows I am, but as our mother (whose house was sold out from underneath her) was about to die, took time out to fire off a letter accusing me of attempting to steal my own instrument (!!) by asserting it was an asset of the trust. I was in some shock for other reasons pertaining to similarly bizarre, ongoing behaviors (from the same and related sources); this was before I knew who would be controlling what trust fbo (me). This was a new instrument, however the appropriating of it seemed an absolutely symbolic gesture.
—-
The blatant, brazen aggression (lie, steal, accuse falsely, set up systems to extort, commandeer known source of supply to a targeted individual, defame, and periodically haul it into court — basic “Scientology” behavior) has given me, besides a serious waking nightmare, an insight into what I would call “the criminal mind.” I have respect for people who can discipline themselves to pass the bar exam (being aware that not all schools are equal), but when it turns into a self-appointed priesthood, that’s enough! We also know that ethical individuals get disbarred, and failing to get disbarred doesn’t equal “ethical.”
_____________
So long as people keep believing that we are taxed in order to provide services, and “philanthropies” are philanthropies out of love of man-kind (and not to take advantage of tax-exemption, add some propaganda, and continue accumulating assets while qualifying for tax-exemption by distributing a fraction (5% or so) to OTHER non-profits) … not much hope. The reality is the opposite, and keeping individuals “citizens” tied to ONE jurisdiction (“State”) (NCCUSL uses the words interchangeably), instituting uniform laws (and financial standards), continuing tax-exemption (class system), and through existing systems targeting, or eliminating, or discrediting, and of course assets-stripping people who figure it out (cf. the author of http://CAFRman.com) — There is obviously an end-game in which many people will be superfluous “useless eaters” in a “sustainable” (according to whose definition?) world. However, survival usually requires resources AND association with others who have, share, or can mutually produce them. If at a minimum federal INCOME taxes aren’t stopped soon (I understand Walter Burien has been reporting and is working on this), and the will to do this isn’t obtained, I’m still looking at a non-USA locale. I’m tired of the mythology, and fail to see a good reason for continued allegiance, as we were raised declaring in schools.
Blogs at http://economicbrain.wordpress.com, http://familycourtmatters.wordpress.com (and a few more); there’s a public petition on the second one under searchable phrase “Tell Jean Pfann.” Overview button summarizes the situation. Going public did get her to resign (within one month, decision was made) and retaliate through the probate situation, which my current dilemma. Generally speaking “reign of terror” and this time it’s mostly women involved. We have duplicate and NOT identical paperwork, no cause of action supported, internally inconsistent, but four individuals got paid, and now to obtain the resources = to incur billable hours from two women (with a trade name) taking referral business (and controlling nearly $100M of assets) from the county I left 15 years ago, for very good reason… It’s almost surreal — except for the impact is VERY real… The attorney who apparently drafted the petition to turn the trust over to the others, got her JD in 2012 only and appears to be slightly older, only, than one of my daughters. It’s internally inconsistent; I’d put the writing somewhere at about a 12th grade level for an average public school as to making sense, at all, which either is innate or (more likely) a tactic for stunning the prey which actually expects a vestige of sense to be contained in such courts.
IFFFF there is no financial statement around (and it seems unlikely there’d be any tax return) for this Uniform Laws Commission, it would seem the system was set in place long before 1943, despite the significant parts having been pulled into place then also, and in my opinion, the ABA intentionally set the stage for this. Look at their website’s timeline; which institutions were set up when.
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realitybloger
/ June 4, 2015Great info. Thanks.
I have come to understand that these private associations represent anarchy in government. Called anarchy-syndiclism.
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anne upton
/ May 15, 2015Hi Clint, Much admire your work, I am based in the UK. Maybe you already know this, forgive me if you do but Title 15 section 9A governs Weather Modification and what should/should not take place.
Keep up your work, BRILLIANT
anne
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Doreen Agostino
/ July 3, 2015Hi Clint. Have you seen anything on CAFR Greece?
I found COLLATERAL ACCOUNTS – TAXES AND GOVERNMENT FRAUD AGAINST CITIZENS AROUND THE WORLD’ Does this mean anything to you? https://freedom4europe.wordpress.com/2014/04/19/cafr-collateral-accounts-taxes-and-government-fraud-against-citizens-around-the-world/
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BritAbroad
/ October 1, 2015It would also be VERY interesting to find out just where all these moneys are “invested”,if in fact they aren’t being stolen.I did read a comment on a blog some months ago,of a former council financial worker,claiming that a lot of her former council’s money finished up in Israeli banks.I wonder if this could ever be checked?.
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kelitobrigante
/ October 21, 2016Thanks for this. I am in Scotland and this information is really good for lots of reasons. Is funny to link up the dates with articles in local press pleading poverty or blaming the unemployed for all this austerity and all the usual garbage with the CAFRs – I’m trying to put something together which will not see the light of day in the same press of course but I’ll send it in anyway. It is not as daunting as it first appears, deciphering the document, as you have illustrated in this post. I like how I can easily pass this info on. It is obvious that we should not be living as we are with the gov into and all about every single particle of our existance in ways that is hard, if not impossible to fully comprehend. Thanks for the school!! Kelly
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Harry's Pretzel Mug
/ November 10, 2021And y’all thought it’s bad in America?
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