Where The State Of Texas Hides Your Money


Ever wonder what your State government does with your exaction/extortion money called revenues, taxes, and fees?

I’d like to introduce you to the Texas State “ANNUAL CASH REPORT”, where it states that over $26 billion of your hard earned tax dollars are quietly tucked away in the State Treasurer Investment Fund.

(Link–> http://www.texastransparency.org/State_Finance/Budget_Finance/Reports/Cash_Report/)

Let’s take a look at what Texas reports that it does with its $26 billion extra taxation…

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(PAGE 121)

The following is a breakdown of the pooled cash and cash equivalent investments which is reported at fair market value (FMV) in financial institutions by type of instrument:

Treasury Fund Cash

Time Deposit – $4,749,600
Non-interest-bearing Demand Accounts and NOW Accounts – $568,521,205
BIDTX – $440,000,000
Repurchase Agreements – $900,000,000
US Government Securities (FMV) – $12,918,191,221
Mortgage Backed Government Securities (FMV) – $2,206,698,449
Asset Backed Securities – $2,399,504,254
Bankers Acceptance – $0
Commercial Paper – $3,530,547,085
Mutual Funds – $6,000,000
Accrued Interest – $31,431,563
Cashier’s Cash (cash and checks in transit) – $1,393,055
Investment in Treasury Safekeeping Trust Company – $1,000,000
Supranational – $799,846,940
Israel Bond$37,973,370
Corporate Obligations – $2,897,656,572

Less: Obligations under Reverse Repurchase Agreements – (-$51,272,646)

Total Pooled Cash and Cash Equivalents – $26,692,240,669

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That’s right folks, your money is invested in such things as toxic “Mortgage-Backed Securities”. How does that make you feel, that is considering the homeless and hungry rate is ever increasing? How do you feel knowing your tax money goes to funding bonds to Israel and other foreign “states”? How about federal securities gambling?

Well, perhaps you are curious where all of this investment wealth is accounted for within the Texas State government? I know I am…

The following statement of account balances is from the “Annual Cash Report” for the State of Texas for fiscal year 2013, and is the latest report.

Note that each “account” is a divided and restricted or unrestricted portion of one of the investment funds as shown in the Comprehensive Annual Financial Report.

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State of Texas Annual Cash Report 2013
The State’s Financial Condition: Treasury Fund Detail Fund (Number/Title)

This table presents beginning cash balance, total revenue and expenditures, and the ending cash balance for each state fund within fund groups. (The following presentation represents only the cash balances after revenues and expenditures are deducted for the year.)

A separate presentation is shown for consolidated general revenue and non-consolidated funds.

(Page 105)

TABLE 17 Cash Balances, Revenues and Expenditures
Year Ended August 31, 2013

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GROUP 01: GENERAL STATE OPERATING AND DISBURSING FUNDS

0001 General Revenue Fund – $2 ,750,862,028.77
0009 GR Account – Game, Fish, and Water Safety – $89,273,635.29
0019 GR Account – Vital Statistics  – $15,944,187.44
0027 GR Account – Coastal Protection – $12,300,950.89
0028 GR Account – Appraiser Registry – $0.00
0036 GR Account – Texas Department of Insurance Operating – $146,296,202.29
0064 GR Account – State Parks – $32,671,408.95
0071 GR Account – Texas Highway Beautification $0.00
0088 GR Account – Low-Level Radioactive Waste – $32,124,457.52
0099 GR Account – Operators and Chauffeurs License – $6,777,837.87
0101 GR Account – Alternative Fuels Research and Education – $5,755,167.66
0107 GR Account – Comprehensive Rehabilitation – $4,851,987.55
0108 GR Account – Private Beauty Culture School Tuition Protection – $198,752.10
0116 GR Account – Law Enforcement Officer Standards and Education – $24,784,895.17
0129 GR Account – Hospital Licensing – $14,464,937.13
0145 GR Account – Oil-Field Cleanup $0.00
0146 GR Account – Used Oil Recycling – $15,194,375.35
0151 GR Account – Clean Air – $142,005,670.38
0153 GR Account – Water Resource Management – $22,284,586.09
0158 GR Account – Watermaster Administration – $1,686,104.14
0165 GR Account – Unemployment Compensation Special Administration – $13,287,850.20

0225 GR Account – University of Houston Current – $7,803,743.47
0226 GR Account – University of Texas – Pan American Current – $1,779,794.48
0227 GR Account – Angelo State University Current – $1,362,302.54
0228 GR Account – University of Texas at Tyler Current – $2,905,311.13
0229 GR Account – University of Houston – Clear Lake Current – $7,469,468.27
0230 GR Account – Texas A&M University – Corpus Christi Current $8,003,324.30
0231 GR Account – Texas A&M International University Current – $7,651,629.61
0232 GR Account – Texas A&M University – Texarkana Current – $6,252,575.84
0233 GR Account – University of Houston – Victoria Current – $2,516,317.84
0235 GR Account – University of Texas at Brownsville Current – $1,075,406.01
0236 GR Account – University of Texas System Cancer Center Current – $234,091.62
0237 GR Account – Texas State Technical College System Current – $19,616,051.22
0238 GR Account – University of Texas at Dallas Current – $31,575,047.14
0239 GR Account – Texas Tech University Health Sciences Center Current – $14,714,121.58
0242 GR Account – Texas A&M University Current – $39,823,988.85
0243 GR Account – Tarleton State University Current – $5,968,209.89
0244 GR Account – University of Texas at Arlington Current – $2,693,079.84
0245 GR Account – Prairie View A&M University Current – $45,174,056.40
0246 GR Account – University of Texas Medical Branch at Galveston Current – $ 0 .00
0247 GR Account – Texas Southern University Current – $1,940,729.08
0248 GR Account – University of Texas at Austin Current – $17,757,483.97
0249 GR Account – University of Texas at San Antonio Current $10,836,853.31
0250 GR Account – University of Texas at El Paso Current – $1,278,036.62
0251 GR Account – University of Texas of the Permian Basin Current – $10,156,049.60
0252 GR Account – University of Texas Southwestern Medical Center Dallas Current – $12,921,413.69
0253 GR Account – Texas Woman’s University Current – $1,911,442.78
0254 GR Account – Texas A&M University – Kingsville Current – $12,098,249.13
0255 GR Account – Texas Tech University Current – $14,144,746.04
0256 GR Account – Lamar University Current – $7,262,788.79
0257 GR Account – Texas A&M University – Commerce Current – $8,563,335.86
0258 GR Account – University of North Texas Current – $5,102,393.16
0259 GR Account – Sam Houston State University Current – $31,437,977.87
0260 GR Account – Texas State University – San Marcos Current – $17,432,410.08
0261 GR Account – Stephen F. Austin State University Current – $2,342,946.93
0262 GR Account – Sul Ross State University Current – $559,479.04
0263 GR Account – West Texas A&M University Current – $1,139,431.81
0264 GR Account – Midwestern State University Current – $4,508,478.78
0268 GR Account – University of Houston Downtown Current – $485,164.64
0271 GR Account – University of Texas Health Science Center at Houston Current – $4,455,116.47
0275 GR Account – Texas A&M University at Galveston Current – $5,961,827.30
0279 GR Account – University of Texas Health Science Center at San Antonio Current – $12,802,241.23
0280 GR Account – University of North Texas Health Science Center at Fort Worth Current – $4,258,323.43
0282 GR Account – University of Texas Health Center at Tyler Current – $358,125.00
0285 GR Account – Lamar State College Orange Current – $1,795,642.87
0286 GR Account – Lamar State College Port Arthur Current – $823,006.69
0287 GR Account – Lamar Institute of Technology Current – $1,150,373.48
0289 GR Account – Texas A&M University System Health Science Center Current – $1,677,273.00
0290 GR Account – Texas A&M University – San Antonio Current – $7,397,021.24
0291 GR Account – Texas A&M University – Central Texas Current – $3,108,176.01
0292 GR Account – University of North Texas – Dallas Current – $2 ,811,263.27

0334 GR Account – Commission on the Arts Operating – $919,567.09
0341 GR Account – Food and Drug Retail Fee – $1,428,203.55
0412 GR Account – Midwestern State University Special Mineral – $0.00
0420 GR Account – Parks and Wildlife Operating – $0.00
0425 GR Account – Rural Economic Development – $0.00
0450 GR Account – Coastal Public Lands Management Fee – $492,427.04
0452 GR Account – Texas Spill Response – $18,584.14
0453 GR Account – Disaster Contingency – $1,162,258.41
0467 GR Account – Texas Recreation and Parks – $3,135,716.42
0468 GR Account – Texas Commission on Environmental Quality Occupational Licensing – $7,518,657.09
0472 GR Account – Inaugural – $162,961.71
0492 GR Account – Business Enterprise Program – $2,105,884.93
0501 GR Account – Motorcycle Education – $15,232,170.38
0506 GR Account – Non-Game and Endangered Species Conservation – $659,037.08
0507 GR Account – State Lease – $390,577.54
0512 GR Account – Bureau of Emergency Management – $7,451,807.36
0524 GR Account – Public Health Services Fees – $3,644,953.22
0542 GR Account – Medical School Tuition Set Aside – $16,000.00
0543 GR Account – Texas Capital Trust – $17,751,370.42
0544 GR Account – Lifetime License Endowment – $24,158,012.24
0549 GR Account – Waste Management – $30,857,345.36
0550 GR Account – Hazardous and Solid Waste Remediation Fees – $49,592,060.90
0570 GR Account – Federal Surplus Property Service Charge – $3,017,408.03
0581 GR Account – Bill Blackwood Law Enforcement Management Institute – $2,250,844.14
0597 GR Account – Texas Racing Commission – $1,712,877.48
0655 GR Account – Petroleum Storage Tank Remediation – $152,561,295.36
0664 GR Account – Texas Preservation Trust – $1,646,312.42
0679 GR Account – Artificial Reef 1 – $12,544,646.29
5000 GR Account – Solid Waste Disposal Fees – $13,842,928.86
5002 GR Account – Young Farmer Loan Guarantee – $206,448.13
5003 GR Account – Hotel Occupancy Tax For Economic Development – $22,214,907.60
5004 GR Account – Parks and Wildlife Conservation and Capital – $944,072.31
5005 GR Account – Oil Overcharge – $80,717,783.43
5006 GR Account – Attorney General Law Enforcement – $2,461,363.71
5007 GR Account – Commission on State Emergency Communications – $31,650,811.17
5009 GR Account – Children with Special Healthcare Needs – $390,574.53
5010 GR Account – Sexual Assault Program – $18,222,896.46
5012 GR Account – Crime Stoppers Assistance – $554,899.92
5013 GR Account – Breath Alcohol Testing – $1,095,080.69
5015 GR Account – Texas Collegiate License Plates – $236,196.56
5017 GR Account – Asbestos Removal Licensure – $25,880,662.27
5018 GR Account – Home Health Services – $39,370,430.67
5020 GR Account – Workplace Chemicals List – $4,533,757.27
5021 GR Account – Certification of Mammography Systems – $3,459,408.65
5022 GR Account – Oyster Sales – $1,161,492.92
5023 GR Account – Shrimp License Buy Back – $1,587,241.08
5024 GR Account – Food and Drug Registration – $29,664,459.17
5025 GR Account – Lottery – $248,516,067.59
5027 GR Account – Read to Succeed Plates – $5,317.75
5029 GR Account – Center for Study and Prevention of Juvenile Crime and Delinquency – $8,032,245.44
5030 GR Account – Big Bend National Park Plates – $15,058.76
5031 GR Account – Excess Benefit Arrangement, Teacher Retirement System – $186,822.98
5032 GR Account – Animal Friendly Plates – $772,463.06
5034 GR Account – Houston Livestock Show and Rodeo Scholarship Plates – $1,905.58
5036 GR Account – Attorney General Volunteer Advocate Program Plates – $80,813.61
5037 GR Account – Sexual Assault Prevention and Crisis Services – $24.16
5039 GR Account – Excess Benefit Arrangement, Employees Retirement System – $0.00
5040 GR Account – Tobacco Settlement – $33,141,425.67
5042 GR Account – Texas Reads Plates – $21,847.73
5049 GR Account – State Owned Multicategorical Teaching Hospital – $5,366,898.86
5050 GR Account – 9-1-1 Service Fees – $156,931,050.06
5051 GR Account – Go Texan Partner Program Plates – $1,438,706.35
5052 GR Account – Girl Scout License Plates – $214.49
5053 GR Account – Tourism Plates – $129,244.35
5055 GR Account – Texas Special Olympics License Plates – $2,253.10
5056 GR Account – Texas A&M University – Kingsville Graduate Assistance, College of Agriculture & Human Sciences Plates – $4 ,270.10
5057 GR Account – Waterfowl and Wetland Conservation License Plates 2 – $38,950.17
5059 GR Account – Peace Officer Flag – $3,858.68
5060 GR Account – Private Sector Prison Industries – $990,703.50
5064 GR Account – Volunteer Fire Department Assistance – $81,803,856.70
5065 GR Account – Environmental Testing Laboratory Accreditation – $976,504.31
5066 GR Account – Rural Volunteer Fire Department Insurance – $3,822,862.30
5071 GR Account – Emissions Reduction Plan – $802,135,318.13
5073 GR Account – Fair Defense – $18,277,152.75
5074 GR Account – Healthy Kids Successor – $16,623.51
5080 GR Account – Quality Assurance – $35,687,807.94
5081 GR Account – Barber School Tuition Protection – $25,250.30
5083 GR Account – Correctional Management Institute and Criminal Justice Center – $530,333.23
5084 GR Account – Child Abuse Neglect and Prevention Operating – $1,107,812.64
5085 GR Account – Child Abuse Neglect and Prevention Trust – $16,810,339.59
5086 GR Account – I Love Texas Plates – $10,251.83
5089 GR Account – YMCA License Plates – $67.83
5093 GR Account – Dry Cleaning Facility Release – $21,507,989.31
5094 GR Account – Operating Permit Fees – $13,124,956.03
5096 GR Account – Perpetual Care – $3,199,619.45
5100 GR Account – System Benefit – $838,530,160.56
5101 GR Account – Subsequent Injury – $65,146,919.51
5102 GR Account – Tertiary Care – $24,421,446.78
5103 GR Account – Texas B-On-Time Student Loan – $106,892,456.82
5105 GR Account – Public Assurance – $2,440,257.27
5106 GR Account – Economic Development Bank 1 – $14,880,871.26
5107 GR Account – Texas Enterprise – $217,668,746.53
5108 GR Account – EMS, Trauma Facilities, Trauma Care Systems – $14,732,906.98
5110 GR Account – Economic Development and Tourism – $68,703.35
5111 GR Account – Designated Trauma Facility and EMS – $382,364,707.44
5113 GR Account – Texas Music Foundation Plates – $9,833.70
5115 GR Account – Daughters of the Republic of Texas Plates – $17,623.19
5116 GR Account – Texas Lions Camp Plates – $1,027.78
5117 GR Account – March of Dimes Plates – $13,344.72
5118 GR Account – Knights of Columbus Plates – $3,100.08
5119 GR Account – Cotton Boll Plates – $2,884.05
5120 GR Account – Marine Mammal Recovery Plates – $1,679.44
5121 GR Account – Share The Road Plates – $22,545.55
5122 GR Account – El Paso Mission Restoration Plates – $3,928.76
5123 GR Account – Air Force Association of Texas Plates – $938.62
5124 GR Account – Emerging Technology 1 – $94,316,638.23
5125 GR Account – Childhood Immunization – $61,345.82
5126 GR Account – Boy Scout Plates – $648.99
5128 GR Account – Employment and Training Investment Holding – $97,157,362.90
5130 GR Account – Texas State Rifle Association Plates – $6,850.53
5131 GR Account – Master Gardener Plates – $5,895.63
5132 GR Account – 4-H Plates – $158.98
5133 GR Account – Urban Forestry Plates – $10,986.94
5134 GR Account – Be A Blood Donor Plates – $26,796.31
5135 GR Account – Educator Excellence – $86,771,953.97
5136 GR Account – Cancer Prevention and Research – $492,564.45
5137 GR Account – Regional Trauma – $64,120,482.87
5138 GR Account – Fire Prevention and Public Safety – $70,738.99
5140 GR Account – Specialty License Plates General – $230,869.03
5141 GR Account – American Legion Plates – $775.48
5142 GR Account – Marine Conservation Plates – $7 ,636.84
5143 GR Account – Jobs and Education for Texans (JET) – $1,978,715.54
5144 GR Account – Physician Education Loan Repayment Program – $83,084,389.59
5150 GR Account – Large County and Municipality Recreation and Parks – $6,751,613.71
5151 GR Account – Low-Level Radioactive Waste Disposal Compact Commission – $372,515.85
5152 GR Account – Alamo Complex – $2 ,511,997.78
5153 GR Account – Emergency Radio Infrastructure – $26,189,667.69
5154 GR Account – Choose Life Plates – $52,481.61
5155 GR Account – Oil and Gas Regulation and Clean Up – $66,307,780.54
5156 GR Account – Fire Protection Fees – $0.00
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TOTAL CASH ACCOUNT BALANCE – $5,416,197,559.72
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GROUP 02: CONSTITUTIONAL FUNDS EXPENDABLE FOR SPECIFIC PURPOSES

0469 GR Account – Compensation to Victims of Crime – $25,003,209.71
0494 GR Account – Compensation to Victims of Crime Auxiliary – $8,184,334.69
5114 GR Account – Texas Military Value Revolving Loan – $58,324.71

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TOTAL CASH BALANCE – $33,245,869.11
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GROUP 03: FEDERAL FUNDS

0037 GR Account – Federal Child Welfare Service – $0.00
0092 GR Account – Federal Disaster – $5,363,262.51
0102 GR Account – Air Control Board Federal – $0.00
0117 GR Account – Federal Public Welfare Administration – $0.00
0118 GR Account – Federal Public Library Service – $327,815.01
0127 GR Account – Community Affairs Federal – $1,624,482.38
0148 GR Account – Federal Health, Education and Welfare – $10,996,776.70
0171 GR Account – Federal School Lunch – $0.00
0221 GR Account – Federal Civil Defense and Disaster Relief – $1,537,553.17
0222 GR Account – Department of Public Safety Federal – $14,048,657.06
0223 GR Account – Federal Land and Water Conservation – $8,786.45
0224 GR Account – Governor’s Office Federal Projects – $32,910,763.16
0273 GR Account – Federal Health and Health Lab Funding Excess Revenue – $50,286,601.59
0421 GR Account – Criminal Justice Planning – $62,031,861.46
0422 GR Account – DARS Federal – $911,500.21
0449 GR Account – Adjutant General Federal – $5,748,381.68
0454 GR Account – Federal Land Reclamation – $246,544.23
0582 GR Account – Motor Carrier Act Enforcement Federal – $76,947.52
5026 GR Account – Workforce Commission Federal – $17,171,606.40
5041 GR Account – Railroad Commission Federal – $2,306,846.22
5091 GR Account – Office of Rural Community Affairs Federal – $1,415,345.16
5095 GR Account – Election Improvement – $17,989,573.29
5109 GR Account – Medicaid Recovery 42 U.S.C. § 1396p – $9,438,621.08

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TOTALS CASH BALANCE – $234,441,925.28

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GROUP 04: PLEDGED FUNDS

0193 GR Account – Foundation School – $88,900,748.94
0540 GR Account – Judicial and Court Personnel Training – $3,218,152.59

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TOTAL CASH BALANCE – $92,118,901.53
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GROUP 08: TRUST FUNDS

5043 GR Account – Business Enterprise Program Trust – $1,160,846.49

————————————————————————————————————————–
TOTALS CASH BALANCE – $1,160,846.49
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GROUP 12: RESTRICTED USE FUNDS

5044 GR Account – Permanent Fund for Health and Tobacco Education and Enforcement – $9 ,924,041.44
5045 GR Account – Permanent Fund for Children and Public Health – $5,767,340.34
5046 GR Account – Permanent Fund for Emergency Medical Services and Trauma Care – $3,399,875.41
5047 GR Account – Permanent Fund for Rural Health Facility Capital Improvement – $3,256,349.31
5048 GR Account – Permanent Hospital Fund for Capital Improvements and the Texas Center for Infectious Disease – $965,746.72
5149 GR Account – BP Oil Spill Texas Response Grant – $5,085,745.67

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TOTAL CASH BALANCE – $28,399,098.89
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BEGINNING TOTAL CASH BALANCE JUNE 1, 2012 – $1,988,757,273.03
ENDING TOTAL CASH BALANCE MAY 31, 2013 (TOTAL FROM ABOVE CASH BALANCES)- $8,556,426,229.79

TOTAL REVENUE (TAX AND FEES) COLLECTED FOR FISCAL YEAR – $124,400,797,097.85
TOTAL REVENUE SPENT (TAX/FEES OUTLAY) FOR FISCAL YEAR – $117,833,128,141.09

TOTAL EXCESS REVENUE (TAX) COLLECTED/INVESTED FROM PEOPLE – $6.66 Billion too much
!

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NON–CONSOLIDATED FUNDS

GROUP 01: GENERAL STATE OPERATING AND DISBURSING FUNDS

0183 Texas Economic Development Fund – $15,477,043.54
0303 Assistant Prosecutor Supplement Fund – $1,533,974.28
0304 Property Tax Relief Fund – $0.00
0329 Healthy Texas Small Employer Premium Stabilization Fund – $22,971,327.82
0363 Groundwater District Loan Assistance Fund – $185,784.88
0368 Fund for Veterans Assistance – $7,172,812.92
0373 Freestanding Emergency Medical Care Facility Licensing Fund – $1,338,933.00
0662 State Pension Review Board Fund – $0.47

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TOTAL CASH BALANCE – $48,679,876.91
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GROUP 02: CONSTITUTIONAL FUNDS EXPENDABLE FOR SPECIFIC PURPOSES

0002 Available School Fund – $17,272,833.82
0003 State Instructional Materials Fund – $143,407,192.02
0006 State Highway Fund – $3,166,091,561.33
0008 State Highway Debt Service Fund – $144,814,773.24
0011 Available University Fund – $460,085,630.22
0047 Texas A&M University Available Fund – $169,591,346.17
0057 County and Road District Highway Fund – $29,118.53
0211 University of Texas Interest and Sinking Fund – $0.00
0212 Texas A&M University Interest and Sinking Fund – $0.00
0214 Available National Research University Fund – $28,167,504.47
0307 Proposition 12 TXDOT General Obligation Bonds – $281,202,425.51
0356 Economically Distressed Areas Clearance Fund – $291,633.39
0357 Economically Distressed Areas Clearance Interest and Sinking Fund – $2,613.85
0358 Agricultural Water Conservation Fund – $10,697,362.64
0365 Texas Mobility Fund – $1,198,318,264.60
0370 Texas Water Development Fund II Clearance Fund – $96,513,309.16
0371 Texas Water Development Fund II – $84,737,088.40
0372 Texas Water Development Fund II Interest and Sinking Fund – $10,175.09
0379 Veterans Housing Assistance Series 1994A-1 and 1994B-1 Fund II – $851.75
0381 Veterans Land Bond Series 1994 Fund – $3,989.86
0383 Veterans Housing Program, Tax-Exempt Issues – $91,311,270.24
0384 Veterans Housing Program, Taxable Issues – $5,218,305.43
0385 Veterans Land Program, Tax-Exempt Issues – $616,142.28
0387 Texas Opportunity Plan Fund – $7 1,708,944.31
0388 Texas College Student Loan Bonds Interest and Sinking Fund – $93,801,572.50
0409 Texas Parks Development Bonds Interest and Sinking Fund – $8.64
0480 Water Assistance Fund – $1,019,081.41
0481 Water Loan Assistance Fund – $0.00
0482 Storage Acquisition Fund – $0.00
0483 Research and Planning Fund – $51,548.51
0522 Veterans Land Program Administration Fund – $2,959,249.38
0529 Veterans Housing Assistance Series 1984A Fund – $799,379.91
0536 Veterans Housing Assistance Series 1984B Fund – $1,975.82
0567 Veterans Housing Assistance Series 1985 Fund – $3,149,437.25
0571 Veterans Land Bond Series 1986 Refunding Fund – $985,722.80
0575 Farm and Ranch Finance Program Fund – $41,635.15
0588 Small Business Incubator Fund – $19,541,869.59
0589 Texas Product Development Fund – $21,981,162.19
0590 Veterans Housing Assistance Bonds Series 1992 Fund – $5,264,021.17
0599 Economic Stabilization Fund – $6,170,184,417.62
0601 Student Loan Auxiliary Fund – $52,102,146.03
0626 Veterans Bonds Activity Series 1989 Fund – $185,344.80
0683 Texas Agricultural Fund – $16,620,162.78
0717 T.P.F.A. G.O. Series 1992B Project Interest and Sinking Fund – $1,466.23
7003 T.P.F.A. G.O. Series 1997 Refunding Interest and Sinking Fund – $1,694.62
7005 T.P.F.A. G.O. Series 1998B Refunding Interest and Sinking Fund – $4,696.41
7010 T.P.F.A. G.O. Series 2002 Interest and Sinking Fund – $1,309.62
7013 T.P.F.A. G.O. Series 2002A Interest and Sinking Fund – $0.60
7015 T.P.F.A. G.O. Commercial Paper Series 2002B Interest and Sinking Fund – $0.83
7017 T.P.F.A. G.O. Series 2002B Refunding Interest and Sinking – $19.74
7019 T.P.F.A. G.O. Series 2003A Refunding Interest and Sinking Fund – $48.51
7020 T.P.F.A. G.O. Commercial Paper Series 2002B Colonias Rebate Fund – $145,594.35
7021 T.P.F.A. G.O. Commercial Paper Series 2002A Rebate Fund – $7.01
7022 T.P.F.A. G.O. Commercial Paper Series 2007A-1 TMPC Interest and Sinking Fund – $41.61
7023 T.P.F.A. G.O. Series 2006A Refunding Interest and Sinking Fund – $83.19
7024 T.P.F.A. G.O. Series 2006B Refunding Interest and Sinking Fund – $19.80
7026 T.P.F.A. G.O. Series 2007A-2 TMPC Interest and Sinking Fund – $46.65
7027 T.P.F.A. G.O. Series 2007B TMPC Interest and Sinking Fund – $165.02
7030 T.P.F.A. G.O. Series 2007 TDCJ & TFC Interest and Sinking Fund – $57.21
7031 T.P.F.A. G.O. Series 2008 Refunding Interest and Sinking Fund – $17.71
7033 T.P.F.A. G.O. Commercial Paper Series 2008 Interest and Sinking Fund – $1.68
7035 T.P.F.A. G.O. Commercial Paper Series 2008 Rebate Fund – $211.80
7039 T.P.F.A. G.O. Series 2008A Refunding Interest and Sinking Fund – $74.22
7040 T.P.F.A. G.O. Series 2009B Interest and Sinking Fund – $608.98
7042 T.P.F.A. G.O. Commercial Paper Series A&B Interest and Sinking Fund – $11.16
7044 T.P.F.A. G.O. Commercial Paper Series A&B Rebate Fund – $9.46
7045 T.P.F.A. G.O. Series 2009A Refunding Interest and Sinking Fund – $156.14
7048 T.P.F.A. G.O. Series 2010 Refunding Interest and Sinking Fund – $277.72
7049 T.P.F.A. G.O. Series 2011 Refunding Interest and Sinking Fund – $267.98
7051 T.P.F.A. G.O. Taxable Series 2011 Refunding Interest and Sinking Fund – $143,558.61
7201 T.P.F.A. G.O. Commercial Paper Series 2002A TDH Project A Fund – $5,930.86
7206 T.P.F.A. G.O. Series 2007 TDCJ Project Fund – $0.00
7207 T.P.F.A. G.O. Series 2007 TFC Project Fund – $503,377.01
7209 T.P.F.A. G.O. Series 2008A Refunding DPS Project Fund – $766,629.71
7210 T.P.F.A. G.O. Series 2009B DADS Project Fund – $137.45
7211 T.P.F.A. G.O. Series 2009B DPS Project Fund – $1,927,613.13
7212 T.P.F.A. G.O. Series 2009B DSHS Project Fund – $293,909.42
7213 T.P.F.A. G.O. Series 2009B THC Project Fund – $14,132,031.22
7214 T.P.F.A. G.O. Series 2009B DSHS (TCID) Project Fund – $282,806.61
7215 T.P.F.A. G.O. Series 2011 Refunding DSHS Project Fund – $4,838,145.14
7216 T.P.F.A. G.O. Series 2011 Refunding TSBVI Project Fund – $3,167,835.41
7217 T.P.F.A. G.O. Series 2011 Refunding TFC Project Fund – $9,321,053.51
7218 T.P.F.A. G.O. Series 2011 Refunding TDCJ Project Fund – $975,724.34
7604 T.P.F.A. G.O. Commercial Paper Series 2002B Colonias Project Fund – $8,205,742.91
7615 T.P.F.A. G.O. Commercial Paper Series 2002A THC Project A Fund – $326.90
7616 T.P.F.A. G.O. Commercial Paper Series 2002A MHMR Project B Fund – $2,211.72
7617 T.P.F.A. G.O. Commercial Paper Series 2002A TSBVI Project B Fund – $2,213.52
7618 T.P.F.A. G.O. Commercial Paper Series 2002A DPS Project B Fund – $713,268.17
7619 T.P.F.A. G.O. Commercial Paper Series 2002A DSHS Project C Fund – $47,269.83
7620 T.P.F.A. G.O. Commercial Paper Series 2002A DADS Project C Fund – $8.61
7623 T.P.F.A. G.O. Commercial Paper Series 2002A TB&PC Project B Fund – $302.76
7624 T.P.F.A. G.O. Commercial Paper Series 2002A TB&PC Project C Fund – $16.43
7626 T.P.F.A. G.O. Commercial Paper Series 2002A Adjutant General Project B Fund – $108,682.77
7627 T.P.F.A. G.O. Commercial Paper Series 2002A TSBVI Project C Fund – $227,568.86
7628 T.P.F.A. G.O. Commercial Paper Series 2002A TYC Project C Fund – $554,210.09
7629 T.P.F.A. G.O. Commercial Paper Series 2008 DPS Project 1A Fund – $2,313,406.38
7630 T.P.F.A. G.O. Commercial Paper Series 2008 DSHS Project 1A Fund – $288,956.07
7631 T.P.F.A. G.O. Commercial Paper Series 2008 DADS Project 1A Fund – $79.96
7632 T.P.F.A. G.O. Commercial Paper Series 2002A THC Project B Fund – $632,925.31
7633 T.P.F.A. G.O. Commercial Paper Series 2008 TFC Project 1A Fund – $627,275.81
7634 T.P.F.A. G.O. Commercial Paper Series 2002A TPWD Project C Fund – $120,770.83
7635 T.P.F.A. G.O. Commercial Paper Series 2008 TPWD Project 1A Fund – $2,718,501.84
7636 T.P.F.A. G.O. Commercial Paper Series 2008 THC Project 1A Fund – $9,232,583.07
7637 T.P.F.A. G.O. Commercial Paper Series 2008 TYC Project 1A Fund – $2,593,873.51
7638 T.P.F.A. G.O. Commercial Paper Series 2008 Adjutant General Project 1A Fund – $304,866.37
7639 T.P.F.A. G.O. Commercial Paper Series A&B Cancer Project Project Fund – $53,826,014.66
7640 T.P.F.A. G.O. Commercial Paper Series 2002A TFC Project C Fund – $1,365,844.13
7641 T.P.F.A. G.O. Commercial Paper Series 2008 TFC Project 1B Fund – $5,008,887.84
7642 T.P.F.A. G.O. Commercial Paper Series 2008 TDCJ Project 1B Fund – $113.67
7643 T.P.F.A. G.O. Commercial Paper Series 2008 DSHS Project 1B Fund – $79,902.82
7644 T.P.F.A. G.O. Commercial Paper Series 2008 DADS Project 1B Fund – $3,965,586.87
7645 T.P.F.A. G.O. Commercial Paper Series 2008 TYC Project 1B Fund – $553,571.75
7646 T.P.F.A. G.O. Commercial Paper Series 2008 THC Project 1B Fund – $1,120,156.69
7647 T.P.F.A. G.O. Commercial Paper Series 2008 TPWD Project 1B Fund – $8,247,633.79
7648 T.P.F.A. G.O. Commercial Paper Series 2008 DPS Project 1B Fund – $1,174,009.91
7649 T.P.F.A. G.O. Commercial Paper Series 2008 Adjutant General Project 1B Fund – $1,788,752.47
7650 T.P.F.A. G.O. Commercial Paper Series 2008 THC Project 1C Fund – $61,506.62
7651 T.P.F.A. G.O. Commercial Paper Series 2008 DSHS Project 1C Fund – $4,163,288.69
7652 T.P.F.A. G.O. Commercial Paper Series 2008 TFC Project 1C Fund – $6,807,633.71
7653 T.P.F.A. G.O. Commercial Paper Series 2008 TDCJ Project 1C Fund – $13,078,392.08
7654 T.P.F.A. G.O. Commercial Paper Series 2008 TPWD Project 1C Fund – $1,621,303.78

————————————————————————————————————————–
TOTAL CASH BALANCE – $12,527,064,373.73
————————————————————————————————————————–

GROUP 03: FEDERAL FUNDS

0369 Federal American Recovery and Reinvestment Fund – $22,980,940.33

————————————————————————————————————————–
TOTAL CASH BALANCE – $22,980,940.33
————————————————————————————————————————–

GROUP 04: PLEDGED FUNDS

0301 Rural Water Assistance Fund – $971,599.31
0302 Water Infrastructure Fund – $4,326,858.91
0364 Permanent Endowment Fund for the Rural Community Health Care Investment Program – $100,805.32
0374 Veterans Financial Assistance Program Fund – $29,096,157.59
0493 Department of Assistive and Rehabilitative Services Endowment Fund for the Blind – $161,471.16
0573 Judicial Fund – $10,801,915.48
0577 Tax and Revenue Anticipation Note Fund – $72,081,000.00
0651 T.P.F.A. Building Revenue Refunding Series 1990 Interest and Sinking Fund – $351.39
0697 Student Loan Revenue Bond Fund – $87,908.91
0733 T.P.F.A. Series B Master Lease Interest and Sinking Fund – $5,125,930.21
0735 T.P.F.A. Series B Master Lease Project Fund – $1,643,605.79
7310 T.P.F.A. Building Revenue Series 1997A, 1997B and 1999A Interest and Sinking Fund – $4 .12
7311 T.P.F.A. Building Revenue Series 1998, 1999B and 2001 TPWD Interest and Sinking Fund – $173.15
7320 T.P.F.A. Building Revenue Series 2000A GSC Interest and Sinking Fund – $151.52
7326 T.P.F.A. Revenue and Revenue Refunding Series 2002 Interest and Sinking Fund – $1.85
7327 T.P.F.A. Revenue Refunding Series 2004A, B, C, D Interest and Sinking Fund – $150.28
7329 T.P.F.A. Revenue Refunding Series 2005 TB&PC Interest and Sinking Fund – $42.01
7330 T.P.F.A. Revenue Series 2006 THC Interest and Sinking Fund – $3.00
7333 T.P.F.A. Revenue and Refunding Series 2005 TB&PC LWOP Rebate Fund – $5,527.02
7334 T.P.F.A. Revenue Series 2007 TPWD Interest and Sinking Fund – $50.04
7338 T.P.F.A. Revenue Refunding Series 2007 TPWD Rebate Fund – $0.77
7339 T.P.F.A. Revenue Refunding Series 2008 TFC Interest and Sinking Fund – $2.69
7515 T.P.F.A. Revenue Refunding Series 2007 TDCJ Project Fund – $2.12

————————————————————————————————————————–
TOTAL CASH BALANCE – $124,403,712.64
————————————————————————————————————————–

GROUP 05: CONSTITUTIONAL NON-EXPENDABLE FUNDS

0044 Permanent School Fund – $1,392,547,368.53
0045 Permanent University Fund – $17,579,039.64

————————————————————————————————————————–
TOTAL CASH BALANCE – $1,410,126,408.17
————————————————————————————————————————–

GROUP 07: PETTY CASH FUNDS – $10,347,744.59

————————————————————————————————————————–
TOTALS CASH BALANCE – $10,347,744.59
————————————————————————————————————————–

————————————————————————————————————————–
————————————————————————————————————————–

TOTALS FOR NON–CONSOLIDATED FUNDS (From Above) – $14,143,603,056.37

————————————————————————————————————————–
————————————————————————————————————————–

TOTALS FOR ALL NON TRUST GROUPS (All Totals Combined) – $22,700,029,286.16

————————————————————————————————————————–
————————————————————————————————————————–

GROUP 08: TRUST FUNDS

0021 Proportional Registration Distributive Trust Fund – $4,147,788.94
0521 Federal Resource Receipts Distribution Fund – $17,479.83
0807 Child Support Employee Deductions – Offset Account – $2,729,355.62
0829 Private Driving School Security Trust Fund – $4,262.74
0830 Events Trust Fund for Certain Municipalities and Counties – $14,943,628.82
0833 Craft Settlement Trust Fund – OAG – $580,391.12
0834 Credit Enhancement Charter School Bonds – $11,548,846.24
0838 Binding Arbitration Trust Fund – $83,915.00
0842 Texas Tomorrow Fund II Undergraduate Education Trust Fund – $666,308.52
0843 Parks and Wildlife Point of Sale Deposits Escrow Trust – $150,435.25
0844 Texas Workforce Commission Obligation Trust Fund – $77,232,766.07
0845 Capitol Visitor Parking Trust Fund – $(-24,856.41)
0846 Service Contract Providers Security Trust Account – $601,602.50
0849 Bob Bullock Texas State History Museum Local Trust Fund – $574,265.82
0850 Health Spa Bond Trust Fund – $152,578.68
0854 Capital Renewal Local Trust Fund – $2,320,942.90
0855 Texas School Employee Uniform Group Coverage Trust Fund – $47,199,731.50
0857 Assisted Living Facility Trust Fund – $505,212.97
0862 Fireworks Tax Security Trust Fund – $750.00
0864 403B Administrative Trust Fund, TRS – $356,241.96
0865 Turnpike Authority Project Disbursing Trust Account – $50,819.00
0866 Customs Brokers Bond/Security Trust Fund – $15,000.00
0868 Texas Racing Commission Security Trust Fund – $9,800.00
0869 Major Events Trust Fund – $21,068,206.93
0872 Tobacco Settlement Permanent Trust (Political Subdivisions) – $0.00
0873 General Land Office Purchase/Lease Land Vacancy Trust Fund – $9,599.58
0874 Local Tax Collections for Sports/Community Venue Project Trust Fund – $4,310,313.13
0875 Emergency Service Fee on Wireless Telecommunications Trust Fund – $9,901,280.79
0876 Racing Commission Escrowed Purse Trust Account – $106,917.02
0878 Texas Save and Match Trust Fund – $25,985.24
0879 Capitol Local Trust Fund – $1,172,402.48
0880 Asbestos Penalty Escrow Trust Account – $11,101.75
0882 City, County, MTA and SPD Sales Tax Trust Account – $834,495,947.76
0884 International Fuels Tax Agreement (IFTA) Guaranty Trust Account – $135,507.87
0885 State Parks Endowment Trust Account – $628,265.34
0886 International Fuels Tax Agreement (IFTA) Trust Fund – $29,273,252.80
0888 Employees Retirement System Investment Pool Trust Fund – $2,068,944.69
0889 Texas Real Estate Commission Local Operating Trust Fund – $0.00
0892 Texas Tomorrow Constitutional Trust Fund – $63,764,616.47
0893 Texas Workers’ Compensation Self Insurance Security Trust Fund – $7,970,000.20
0894 Texas Workforce Commission Wage Determination Trust Fund – $800,400.83
0895 Lotto Prize Trust Fund – $464,885,253.51
0896 Texas Housing Local Depository Fund – $1,310,502.10
0897 Texas Mutual Insurance Corporation Maintenance Tax Surcharge Trust Fund – $18.00
0898 Auctioneer Education and Recovery Trust Fund – $316,300.04
0903 Flood Area School and Road Trust Account – $10,885,186.10
0904 Motor Fuel Distributors Bond Guaranty Trust Account – $979,285.63
0905 Qualified Hotel Project Trust Fund – $0.00
0906 Mixed Beverage Tax Guaranty Trust Account – $13,048,404.35
0914 Safety Responsibility Trust Account – $146,735.22
0921 Life, Health, Accident and Casualty Insurance Companies Trust Account – $318,038.00
0923 Insurance Companies Unclaimed Dividend Trust Account – $646,652.19
0925 Career School or College Tuition Trust Account – $886,975.14
0927 County, Political Subdivision, Local Government Road/Airport Trust Account – $486,446,061.45
0929 Social Security Administration Local Trust Fund – $11,260.38
0936 Unemployment Compensation Clearance Account – $220,757.72
0937 Unemployment Compensation Benefit Account – $(-3,512,249.70)
0938 Unemployment Trust Fund Account (In the Federal Treasury) – $1,726,708,943.59
0941 Varner-Hogg State Park Trust Account – $294,069.05
0943 State Employees Cafeteria Plan Trust Fund – $11,243,821.01
0945 Deferred Compensation Trust Fund – $1,157,261.20
0946 TexaSaver Trust Fund – $2,682,546.24
0949 Automobile Service Club Trust Account – $25,000.00
0955 S.E.R.S. Trust Account – $39,611,594.50
0960 Teacher Retirement System Trust Account – $1,028,828,294.53
0962 Sales Tax Guaranty Trust Account – $28,128,779.38
0973 Employees Life, Accident, Health Insurance and Benefits Trust Account – $57,718,075.71
0974 Produce Recovery Trust Fund – $1,977,902.38
0976 Texas Emergency Services Retirement Trust Fund – $1,731,639.39
0977 Law Enforcement and Custodial Officer Supplement Retirement Trust Fund – $1,952,758.53
0984 Parolee Court Ordered Restitution Local Trust Fund – $4 ,029,191.65
0989 Retired School Employees Group Insurance Trust Fund – $576,832,125.00
0992 Nursing and Convalescent Home Trust Fund – $9,520,970.72
0993 Judicial Retirement System Plan Two Trust Fund – $1,116,737.93
0994 Child Support Trust Fund – $94,649,578.36

————————————————————————————————————————–
TOTAL CASH BALANCE – $5,704,408,479.25
————————————————————————————————————————–

GROUP 09: SUSPENSE FUNDS

0900 Departmental Suspense – $49,862,722.72
0980 Correction Account for Direct Deposit – $371,909.35

————————————————————————————————————————–
TOTAL CASH BALANCE – $50,234,632.07
————————————————————————————————————————–

GROUP 10: ALL LOCAL FUNDS

0826 Office of Consumer Credit Commissioner Local Operating Fund – $1,461.67
0828 Texas Department of Banking Local Operating Fund – $0.00
0831 Department of Savings and Mortgage Lending Local Operating Fund – $619.16
0832 Credit Union Department Local Operating Fund – $0.00
0858 Texas Board of Public Accountancy Local Operating Fund – $6,004.48
0859 Texas Board of Architectural Examiners Local Operating Fund – $0.00
0860 Texas Board of Professional Engineers Local Operating Fund – $0.00
1004 Treasury Safekeeping Trust Local Operating Fund – $643,620.84
1005 Texas Real Estate Commission Local Operating Fund – $555,630.70
1006 Texas Department of Insurance Local Operating Fund – $442,523.48
1007 Texas Department of Savings and Mortgage Lending Local Operating Fund – $423,300.29
1008 Texas Department of Banking Local Operating Fund – $2,136,395.92
1009 Texas State Board of Public Accountancy Local Operating Fund – $258,624.01
1010 Texas Board of Architectural Examiners Local Operating Fund – $130,701.00
1011 Texas Board of Professional Engineers Local Operating Fund – $194,207.98
1012 Office of Consumer Credit Commissioner Local Operating Fund – $445,646.17
1013 Credit Union Department Local Operating Fund – $244,906.19

————————————————————————————————————————–
TOTAL CASH BALANCE – $5,483,641.89
————————————————————————————————————————–

GROUP 12: RESTRICTED USE FUNDS

0810 Permanent Health Fund for Higher Education – $19,200,298.56
0811 Permanent Endowment Fund for the University of Texas Health Science Center at San Antonio – $17,276,116.82
0812 Permanent Endowment Fund for the University of Texas M.D. Anderson Cancer Center – $6,255,804.47
0813 Permanent Endowment Fund for the University of Texas Southwestern Medical Center at Dallas – $1,989,323.30
0814 Permanent Endowment Fund for the University of Texas Medical Branch at Galveston – $957,983.20
0815 Permanent Endowment Fund for the University of Texas Health Science Center at Houston – $359,111.63
0816 Permanent Endowment Fund for the University of Texas Health Science Center at Tyler – $153.93
0817 Permanent Endowment Fund for the University of Texas at El Paso – $1,886,128.00
0818 Permanent Endowment Fund for the Texas A&M University Health Science Center – $3,583,602.03
0819 Permanent Endowment Fund for the University of North Texas Health Science Center at Fort Worth – $709,748.18
0820 Permanent Endowment Fund for the Texas TechUniversity Health Sciences Center in El Paso – $9,399,054.94
0821 Permanent Endowment Fund for the Texas Tech University Health Sciences Center – Locations Other Than El Paso – $2,148,289.76
0822 Permanent Endowment Fund for the University of Texas Regional Academic Health Center – $5,181,887.30
0823 Permanent Endowment Fund for the Baylor College of Medicine – $353,536.98
0824 Permanent Fund for Higher Education Nursing, Allied Health and Other Health-Related Programs – $6,045,822.08
0825 Permanent Fund for Minority Health Research and Education – $4,407,819.76

————————————————————————————————————————–
TOTAL CASH BALANCE – $79,754,680.94
————————————————————————————————————————–

————————————————————————————————————————–
————————————————————————————————————————–

TOTALS FOR ALL GROUPS – $28,539,910,720.31

————————————————————————————————————————–
————————————————————————————————————————–

So there you have it. Of course this is not reported in the budget report. Instead, government pretends to be broke and claims to need even more taxes and fees to support its ever-expanding business activities, as it instead stows away its earnings in investment funds so as to hide its gains and profits.

Remember… this is only the State government of Texas. This does not include all of the counties, cities, districts, authorities, and all of the other individual government corporations throughout the State of Texas, which when added together will dwarf these totals of the State alone.

So next time your lying legislator, treasurer, and governor tells y’all down there in Texas that they are broke, simply ask them to present their annual cash report and CAFR to and put these reports where their lying mouths are. But remember, they can’t help it. After all, they are professional liars (politicians)!

.

–Clint Richardson (realitybloger.wordpress.com)
–Thursday, May 15th, 2014

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Detroit: The Latest Bankruptcy Lie


In case you haven’t heard, municipal bankruptcy is now all the rage. When smaller municipal corporations (only corporations can declare bankruptcy) had little resistance as test cases for these outrageous claims of fraudulent bankruptcy and default, the larger municipalities gained the confidence that the financially illiterate cesspool of people as citizens don’t know there heads from a hole in the wall when it comes to the financial reporting apparatus of government. The people were determined to be sufficiently ignorant of even the basic checking account balance of the general fund in their local governments and school districts, let alone the massive collective government investment scam robbing them of the entirety of their wealth, making it reasonable to assume that these municipal corporation’s financial position would likely never be challenged by that clueless mass of the indentured. And so the latest trend of conspiracy and fraud against those debt-slaves continues… this time in the not so great City of Detroit.

Considering its checkered past; riddled with the disappearance of industry to U.S. funded infrastructure economies like Mexico and China, it would seem to the average citizen that Detroit should have done this bankruptcy thing long ago. Of course, the fact that it did not declare its bankruptcy at all was because this municipal corporation has never been bankrupt, and certainly is not anywhere near being able to claim that legitimate legal declaration today.

And yet here it is, making that very declaration…

This is very important because the legal statement of bankruptcy means nothing as a mere “declaration” until a government court makes that determination to cause it to be official. Thus, the obvious conspiracy of a government appealing to government to get government permission to default on its debt should not be lost on the reader; though in general this governance of government by government itself seems perfectly normal to most people – a regulatory body operating in a completely unregulated fashion as organized crime. Inherently, of course, this self-governance and self-regulation by government and its BAR judicial is nothing if not a breeding ground for the worst kind of corruption and greed at the expense of the governed. For the people in their state of fear, entertainment, and confusion are certainly not regulating those regulators…

And a corporate judge of the International BAR Association will decide, not the people being defaulted upon.


–=–

ALIPAC printed the following “facts” facts about Detroit that on the surface are absolutely mind-blowing…

1 – Detroit was once the fourth-largest city in the United States, and in 1960 Detroit had the highest per-capita income in the entire nation.
2 – Over the past 60 years, the population of Detroit has fallen by 63 percent.
3 – At this point, approximately 40 percent of all the streetlights in the city don’t work.
4 – Some ambulances in the city of Detroit have been used for so long that they have more than 250,000 miles on them.
5 – 210 of the 317 public parks in the city of Detroit have been permanently closed down.
6 – According to the New York Times, there are now approximately 70,000 abandoned buildings in Detroit.
7 – Approximately one-third of Detroit’s 140 square miles is either vacant or derelict.
8Less than half of the residents of Detroit over the age of 16 are working at this point.
9 – If you can believe it, 60 percent of all children in the city of Detroit are living in poverty.
10 – According to one very shocking report, 47 percent of the residents of Detroit are functionally illiterate.
11 – Today, police solve less than 10 percent of the crimes that are committed in Detroit.
12 – Ten years ago, there were approximately 5,000 police officers in the city of Detroit. Today, there are only about 2,500 and another 100 are scheduled to be eliminated from the force soon.
13 – Due to budget cutbacks, most police stations in Detroit are now closed to the public for 16 hours a day.
14 – The murder rate in Detroit is 11 times higher than it is in New York City.
15 – Crime has gotten so bad in Detroit that even the police are telling people to “enter Detroit at your own risk“.
16 – Right now, the city of Detroit is facing $20 billion in debt and unfunded liabilities. That breaks down to more than $25,000 per resident… As Detroit Emergency Manager Kevyn Orr noted last week, it took a very long time for Detroit to get into this condition…

–=–

Of course, this article like all others doesn’t mention the legal crime operating behind these horrific scenes and reported in the Comprehensive Annual Financial Report (CAFR) – what I have nicknamed the “Achilles Heel” of government. While these facts and figures are certainly important as to the physical state of Detroit, the absence of public information on the actual financial state of that fictional municipal corporation government called “City of Detroit” is never discussed due to the overwhelming lack of exposure and coverage by every news outlet in America about the financial statements required by Federal law for every government entity and corporation in the United States. The greatest open secret in fascist history remains open and secret. In short, these municipalities across the nation in every State have exacted, extorted, and excavated all of the wealth of the people for its organized and collective investment schemes that, not ironically, are only disclosed in the CAFR of government. And collectively the over 230,000 local and state government entities across the nation have been legally required to funnel taxpayer money into investment funds that ultimately never benefit these local or state governments or their people. Instead, they invest in “emerging markets” in countries like Mexico and China  – which soon will become the largest economy in the world thanks to the ignorance of the very citizens of the United States that have no idea this has been happening for over 70 years.

One would in general look at the above factoids about Detroit and justifiably assume that the decaying state of that City is a direct reflection of the similar financial state of the government corporation that controls that area. This, however, is patently false – a fallacy built up through media and political misrepresentation.

The true culprit of that misrepresentation is in the form of the hand selected “budget report” that is delivered to the people publicly each year. The people are never told that this “budget” is actually not the original and main financial statement that is created by governments and audited by independent accounting firms. You see, the budget report is nothing but an intentionally dumbed-down version of the Comprehensive Annual Financial Report (CAFR), which is filed each year as a requirement of the Federal and State legal codes.

What does this mean?

It means that the budget is merely a reflection of what I call the “creative accounting” that is applied to the audited CAFR report so as to make the budget report appear to be in a state of decay, debt, default, and loss. While the CAFR may show assets of millions or billions in cash and investments, the budget report will be creatively manipulated by this special creative accounting process to create an illusionist “balance sheet” that somehow, incredibly, and magically turns an asset into a liability.

Detroit is of course no exception to this rule. For the decaying state of this city has very little to do with the financial state of this municipal corporation. But the fallacy remains that as the city decays so too does the financial state of its government.

Here is a link to the City of Detroit’s 2012 CAFR:

http://www.detroitmi.gov/Portals/0/docs/finance/CAFR/Final%202012%20Detroit%20Financial%20Statements.pdf

**Note that this website takes you to the Detroit government (.gov) website.

While I will not go into the full detail of how this corrupt Municipal Corporation of organized crime has gotten to this point, I will just point out the most important factor in determining whether or not this corporation is actually bankrupt – a factor that I guarantee will be ignored by the government court and bankruptcy judge in this case if the people do not finally rise up and demand that Detroit pay its debt today instead of defaulting on it. That factoid is the promotion of its future debt payments as a current liability effecting today’s balance sheet. The fact is that 99% of the entire structure of municipalities across the nation could be out of debt tomorrow and still have money and investments to spare (be in the black) if it weren’t for the fact that governments enjoy, promote, and profit from the interest (usury) created by debt. In other words, instead of using the money it holds today for services in its investment funds, a government will create a municipal bond and pay that loan off over 20-50 years at interest. Sometimes it is other governments across the nation that are funding those bonds, sometimes banks, and sometimes Public Private Partnerships (PPP) are created in agreement for the loan by private or publicly traded corporations. Ironically, that money that government could have used in lieu of that loan to pay for that service is often invested in such things as corporate bonds – loans to governments, banks, and private and publicly traded corporations. And these bonds are bundled and sold as securities on the bond markets as commodities – debt contracts worth a future value. And the investment scam continues while televisions pump digital airwaves of Stars dancing and Idols singing.

On page 41 of this CAFR we see the illusion blatantly spelled out for us in the basic “Statement of Net Assets”. Of course, this is not the full disclosure of investment fund totals for the City because of other creative accounting within the CAFR designed to minimize those balances shown on this chart, but it shows the scam very well in its full corrupt glory.

The City claims to have over $10.6 billion in liabilities, which it then “balances” against about $10.3 billion in assets. This leaves a “balance” of assets that gets shown to the people of a negative $3oo million dollars.

Just one problem though…

You see, most people would simply consider this balance as the cash balance of the government, having no clue about the investment scam their government has participated in for decades that funnels taxpayer monies out of the taxpayer base and into governments investment funds.

This CAFR is for the 2011-2012 fiscal year, ending June 30,2012.

But it reports for the fiscal year 2012-2013, which will have ended in the month of June this year (2013), the actual current liabilities (due within one year as of June 2012) – which represent debt payments for that fiscal year that would be paid in that 2013 fiscal year ending June 2013. And that “current” debt for the fiscal year only amounts to about $309 million TOTAL.

This means that the other $9.1 billion dollars listed here as “due after one year” is all future debt payments that will basically amount to somewhere around a $300-500 million dollar amortization schedule for the next fiscal year and so on. In other words, for the 2013-2014 fiscal year, Detroit’s actual “current liabilities” are only $300-500 million dollars. The rest of that $9.1 billion still is not due until future payments are made in 5, 10, 20, and up to 50 years in the future!!!

If this is not clear, this means that the over $9 billion in future debt payments to be made has absolutely nothing to do with the financial state of the government today, or even within one year of today.

And yet those payments and future debts are somehow effecting the current balance of today (June 2012)?

Can you say creative accounting?

Can you say FRAUD?

Can you imagine if you told the IRS that you have earned no money this year because you have future debts to pay in 10 years?

You’d go to jail… but this is legal for government!

The trick here is that, as with all municipalities across the nation, by law these governments are able to and encouraged to not include future assets in the form or fees and taxes that will be collected in those future years that will certainly pay for those future debt payments. So here we see that government is claiming a future liability as a current liability, and yet conveniently disregarding the projected future assets it will receive in the future as current assets to balance the future liabilities.

This “creative accounting” trick is used by all governments – BECAUSE IT IS THE RECOMMENDED STANDARD OF PRACTICE BY GOVERNMENT TO FUND THE COLLECTIVE ORGANIZED INVESTMENT SCAM ACROSS THE UNITED STATES!!!

So what is the true financial position of the government of Detroit?

It can pay off, if it chooses to, all of its future debt today with its current assets.

Of course, this would mean that the interest charges on that future debt and bonds would not be accrued in the future and therefore would not be paid out, bringing the actual total liabilities due today (without future interest charges attached) significantly down it total, since by paying off that future debt today no interest would be charged for anywhere from the next 10-50 years.

For an in depth explanation of this creative accounting trick and how you can identify it on your own municipal CAFR, see my research here: https://realitybloger.wordpress.com/2013/02/27/unmasking-the-cafr-scam-in-every-city-usa/

And check this out to see where your tax dollars really go: https://realitybloger.wordpress.com/2012/07/10/cafr-school-how-corporations-are-funded-by-taxpayers/

And so here we stand, another high profile municipality pretending to bite the dust while hiding its real wealth under false accounting principles that are allowed at the very top level of the federal government. Detroit City will act upon the purpose of its incorporation by utilizing the “limited liability” function of that privilege – a privilege once only granted to honorable men who sought to improve and strengthen all men, not just themselves. And this protection of government called incorporation now protects crime instead of the people who are harmed by that crime. For all of government is naught but a limited liability corporation collectively organized in harming the people.

–=–

At this point it has been reported that the Detroit government is tearing down up to 350 abandoned homes and buildings per day in that city. Its plan is to create a “model” Agenda 21 city; a green city; one that is built towards the sky with compartmentalized condo housing instead of sprawling out from its center where land may be enjoyed by single family dwellings. This re-imagining of city life will become a beacon of the future of “smart growth” and the “smart grid”, matching lifestyle and technology to create the perfect Orwellian fit for those who love to love their biometric servitude and love to be on camera. It will be a model city built on retracting individual rights in lieu of the collective good of the citizenry as is laid out in the U.N.’s Declaration of Human Rights that has all but usurped the constitution of the United States – this is the future of Detroit Rock City and likely a city near you…

The economic fallacy that growth equals a good economy ultimately and ironically requires the destruction and pestilence we see in Detroit. And so, in order to grow the new city, the old one must be destroyed to make way for the ever-growing economy. It is in the best interests of the government corporation and its investment scheme for this to happen. And even more frightening to contemplate is that bridges, roads, tunnels, buildings, sewers, water, electrical, and other infrastructure is more profitable in decay for that investment scam than it is as a well-maintained infrastructure. Destruction and decay requires investment and promotes growth. This is the model of government and its “economy”.

Detroit is not bankrupt. It has created the illusion of bankruptcy by such common financial trickery as pension pre-funding – where future debt payments must be paid in advance so that government can invest that taxpayer money instead of using it to fix up the broken City. Congress used this same trick to make it appear that the Federal Post Office is broke, while in really it just created legislation that forced the post office to borrow money from government and corporate sources to pre-fund the Federal Pension funds instead of paying the normal contributions over time. In other words, government is forcing itself to pay future liabilities today – which just happens to have the good-for-government and bad-for-the-people side effect of creating the unnecessary illusion that bankruptcy is needed. And so government is now the largest defaulting entity in history. And the people blindly support what they don’t understand, allowing that fraudulent government machine to place the responsibility for its actions upon the backs of those people in the form of sheer usurious debt, while laughing all the way to the bank.

Imagine such greed and opportunity that would make men in the public trust force the bankruptcy of a city just because they don’t want to wait to receive their pension payments by taxpayers in the future. While this would seem counter-intuitive (destroying a city to support city employee pensions), the truth is that this is just business as usual. For government is not in the business of helping people. It is a financial mega-corporation with branches in every square mile of the United States – with investments in the entire world economy.

How many times do I have to say it…?

Government is nothing but the organization of crime. For a government that creates, adjudicates, enforces, and exempts itself from its own laws is thus lawless – a mafia above its own prescribed laws. When the law is lawless, there is no law.

.

–Clint Richardson (realitybloger.wordpress.com)
–Saturday, July 20th, 2013

Unmasking The CAFR Scam In Every City, USA


As more and more cities, counties, districts, and states across America falsely declare their near- insolubility, bankruptcy warnings, fiscal deficits, and budgetary quandaries, I am left with the sinking feeling that “the people” just can’t wrap their heads around how to point out these misleading and downright fallacious claims made by their councils, mayors, and professional con-men in places of public trust.

And personally, I’m tired of watching…

So today I want to share with you a simple way to factually stand before your local or state political “leaders” and give indisputable proof that, when stating the “facts” about their own budget shortfalls, limited choices, and necessary raising of your hard-earned monies as taxation (revenue) to “balance the budget”, your own little criminal syndicate of elected mayors and council men and women are lying bold-faced to the entire citizenry through the act of subterfuge and omission.

This little factoid is uniform throughout the entirety of the financial structure of government, as reported in the audited Comprehensive Annual Financial Report and required by Federal and State laws. It is always reported in the same fashion and under the same heading as all other governments (municipal corporations). The figures are not disputable. The truth is unshakable. And yet the doublespeak will never end… For even as you present this one simple line item to the scoundrels themselves behind their raised and protective pedestals, they will still attempt to deny what is undeniable, be it in ignorance or in deceit; usually a mix of both.

So, here it is… a tool for all people to easily use:

Step 1:

First of all, you must find your city/county/district/or state CAFR, which can sometimes be challenging in and of itself.

A search on your favorite search engine of “Your City” “Comprehensive Annual Financial Report” “Year” will generally do the trick. You may need to add the state after the city, or you may need to go to your government’s website to find these CAFR’s. If they are not to be found online, then your government is required to hand over a hard-copy or digital copy to you upon request. It’s the law, folks!

Now that you have the CAFR in front of you, you are probably overwhelmed with all of the nonsensical figures, financial wizardry, and creative accounting that is presented in over 100 pages of a pure accounting nightmare.

But don’t worry, you can ignore all that. For our purposes, we are only concerned with one single page of this entire report. And this page is specifically listed in the index as  the “STATEMENT OF NET ASSETS“. This page is generally in the first 10-30 pages of the CAFR report, and will always be listed in the index.

For the purposes of this lesson, here is an example CAFR from the City of Pacifica, Ca.I found this with a search parameter of “Pacifica Comprehensive Annual Financial Report 2011”, and clicked on the 5th link down which took me to the finance department of the “City Of Pacifica” website.

LINK –> http://www.cityofpacifica.org/depts/finance/cafrs/default.asp

Click on the “2011”  link to open the CAFR .pdf, and go to the index.

Here you will see, as with all other CAFR reports, an entry for the “STATEMENT OF NET ASSETS“, listed under the FINANCIAL SECTION, and under “GOVERNMENT-WIDE FINANCIAL STATEMENTS”. This tells us to go to page 17 of this particular Comprehensive Annual Financial Report to find our “statement of net assets”.

That’s it! This is the hardest part of the whole process.

Now breathe… it’s all simple from here on in – and quite an eye-opener!!!

Step 2:

Now that we are on page 17 (or your own CAFR page listing the “STATEMENT OF NET ASSETS” graph), we see a page full of large figures.

Don’t worry… you don’t need to know these. They are irrelevant to our goal. Fortunately, we are only concerned with the three or four line items that prove the budget lie and omission of the CAFR facts.

What we see here is a statement of three financial columns.

1. “Assets”

2. “Liabilities”

3. (Total) Net Assets.

In basic accounting, we add up the “ASSETS” and then subtract the “LIABILITIES”, which gives us our balance called “NET ASSETS”.

But we must remember, there is nothing at all “basic” about government accounting. In fact, it is the most complicated structure of obfuscation I’ve ever encountered. Berny Madoff would even be proud…

Step 3:

Now that we are familiar with the layout of this graph, and since we already know that comprehending government accounting is like untangling a mile-long set of Christmas lights that have been kicked around by a kindergarten class that just drank 20 gallons of Coca-Cola, we can fortunately find the few line items we actually need quite easily here.

Now, under the ASSETS column, we see that TOTAL ASSETS  are listed as:

———————————————————

Governmental Activities: $103,806,744

Business-Type Activities: $57,517,150

Totals: $161,323,894

———————————————————

***Note: “Business-Type Activities” may also be listed as “Non-Governmental Activities” or similar language. This represents government acting in the capacity of a corporation offering a “service” to the people, but not as “taxpayers”. Instead, this is a business that earns money, and the taxpayers are instead “customers” of government. In this way, government wears two hats. Often, as in Utah with its self-proclaimed “Alcohol Monopoly” – were government controls and profits as the only legal seller of high content alcoholic beverages – or in the case of “State Lotteries” run solely by State Governments as a monopoly, the government is acting as any for-profit corporation might, and taxpayers voluntarily purchase this service and products from government as “customers”. Thus, these types of governmental activities are considered “non-governmental” or in Pacifica’s case “Business-type Activities”.  For our purposes, this is certainly important to understand but not necessary to our stated goal. It is simply a way to transfer money out of the taxpayer base and into the business-base of revenues, leaving the taxpayer budget short.

Under the Liabilities column, we see TOTAL LIABILITIES listed as:

———————————————————

Governmental Activities$45,403,706

Business-Type Activities: $37,792,153

Totals: $83,195,859

———————————————————

We will come back to these figures in a moment, as the big lie is within this LIABILITIES section.

Finally, our TOTAL NET ASSETS are listed as:

———————————————————

Governmental Activities$58,403,038

Business-Type Activities: $19,724,997

Totals: $78,128,035

———————————————————

Assets minus liabilities equals total assets. But we must now expose the fraud written into these so-called liabilities…

Step 4:

Now, since I have written extensively on what all of these facts and figures mean within the full report of the CAFR, we will not be reading between the lines today. Again, we need not understand the whole financial report to understand the crime of omission happening in every government across America (and the world for that matter). All we need to know is this one method of “creative accounting”, and with it we have more ammunition than we could possibly need to call foul on our elected holders of public trust. So for now, don’t worry about all this other red tape. If you want to learn more about all of this, you can scour my articles or watch my movies for explanations of this CAFR information. Again, we need not get sidetracked with anything but these few line items that prove massive fraud on a national level.

Listed here are the ways in which these “totals” are restricted, invested, and unrestricted. But again, this information is irrelevant to our goal, for it is based on the lie we are about to expose. Without the continuity of the big lie, these “restrictions” mean nothing.

In order to understand this lie, we must now go back to the LIABILITIES section.

Remember, we only need to read this one graph called “STATEMENT OF NET ASSETS”. Nothing else matters for our purposes of establishing basic fraud through omission and obfuscation. So for now, ignore the rest of the CAFR.

Under the LIABILITIES section, we see a line item titled “NONCURRENT LIABILITIES”.

In our Pacifica City Corporation CAFR, these are listed as follows:

Due Within One Year:

Governmental Activities$4,283,958

Business-Type Activities: $2,458,072

Totals: $6,742,030

Due In More Than One Year:

Governmental Activities$38,527,849

Business-Type Activities: $34,108,234

Totals: $72,636,083

And there it is… Perhaps you still don’t see it, and that’s OK. For most people have hope and faith that government has integrity and honesty even within its own required Federal and State accounting principals. Perhaps you have even heard your mayor, council members, and even your governor talk about their “intent” to do right by the people? But in reality, nothing could be farther from the truth. For intent means nothing until it is written down on a paper, signed, notarized, and filed as a legally binding contract. Only then can the true intent of politicians be guaranteed. And only then can the law be broken – for a broken promise of ones good intentions is not against the law!

So what just happened here that is so darn eye-opening, as I claim?

Glad you asked…

For it can easily slip past your cognition if you aren’t ultra aware of what you are reading. In this case, the City of Pacifica has just listed its current assets and compared those assets to its future liabilities.

Why is this significant?

Well, imagine if you were reporting your own assets and liabilities to the IRS after it informed you that it required this information for an audit. And let’s say you wanted to play a creative accounting trick on the IRS to hide your real current asset holdings. While this little trick would actually be illegal for you to do, in government it’s perfectly OK and legal, and even promoted in standards of practice. After all, government wont punish itself for its own lies – for the lie is the basic foundation of government accounting as recommended by itself!!!

So when Agent Smith comes a knocking at your door and asks you for your STATEMENT OF NET ASSETS, you give him your list that you made, which includes the same creative accounting methods used by government. On your list you itemize all of your assets, including your home, your car, your equipment, and any other property you might own. You then list your bank checking and savings accounts and any liquid investments you have in your investment portfolio, just like government does. And once you’ve listed everything you can possibly account for as one of your assets that you have right now at this very moment in time, you then begin to list your liabilities.

And here is where the creative part comes in – the act of obfuscation and trickery to fool IRS Agent Smith into believing that you have more liabilities that effect your asset balance than you actually do. Here’s how that works…

Firstly, you list depreciation of your property values if indeed the market or blue-book values have decreased over the last fiscal year. But this is another accounting trick we will ignore for now.

Second, you may account for assets that are “receivable” in the short term – say within one months time or so – in the form of payments, interest or capital gains, refunds due, rent due, etc. These short-term “future” assets can be considered “current” assets for the purposes of reporting total assets to government.

And finally you report your current liabilities that may affect your total stated list of assets. This may include “future” short-term loan payments, interest accrued within the next few weeks or in a fiscal month or quarter, capital losses, depreciation, and other forms of liabilities and/or write-offs.

At this point, you have now listed your CURRENT ASSETS and your CURRENT LIABILITIES to the best of your ability and integrity by law. And even though this figure includes some very short-term assets and liabilities, your report to the IRS is really an honest and to the best of your knowledge perfect representation of your CURRENT financial position. You have not omitted anything, and you have not purposefully attempted to hide your wealth from the IRS.

For this you get a gold star and a pat on the back for being such a good little debtor, filling governments bags with the proper amount of revenue in the form of taxation (extortion).

But government doesn’t do this, you see.

Because government is not reporting to the IRS as a taxpayer.

Government is the tax collector.

And government is a profitable business.

So how does government hide its wealth from the people?

The same way that you would hide your wealth from government… that is, if it was legal – like it is for government to hide its wealth from you.

If you were to follow the creative generally accepted financial accounting practices (GAAP) of government in your own financial accounting list, here is what you would have actually given to the IRS:

Step 1: Do exactly what you did as listed above, stating an honest and perfect representation of your CURRENT cash, property, and investment holdings, taking CURRENT liabilities away from that total.

Step 2 (Creative accounting): While reporting CURRENT ASSETS, hide the true value of today’s assets by subtracting your FUTURE LIABILITIES of tomorrow from your ASSET totals today.

That’s it! You’ve just hidden most or all of your current wealth and assets. You’ve successfully fooled the IRS into actually believing that despite your actual money, property, and investment totals that can be seen clearly listed on your report, you have somehow made that money, that property, and those investments magically disappear from your balance sheet and claim to not actually have that money, property, and investment capital in your accounts today!

Wait a minute!

Did we miss something?

How exactly did this happen?

Just how can I make my current assets magically disappear by listing my future liabilities?

The answer: Exactly like government does!

Here’s what you did…

Let’s say your home is worth $500,000 and your two cars are worth a combined total of $100,000. Not bad man! Your doing pretty good I’d say. Better than most now-a-days, right?

Oh, but wait a minute. We can’t forget that these little property assets called “capital assets” didn’t come for free. It turns out you are not so different than the majority of people out there, and you have bank loans which hold as collateral your “capital assets”. In other words, you’re up to your neck in DEBT!!!

Debt is a future liability.

And so with a total property value of $600,000 in current capital assets (the total current value of your home and cars as of today that you are reporting to the IRS), we see that unfortunately you also have a debt in the form of loan totals plus interest of about $400,000 that you must pay over the next 20 years. Suddenly wealth takes on a whole different meaning, and your debt is certainly a future liability – which means that the total asset value for your “property” as capital assets in the form of “equity” is only about $200,000 today when this debt is considered. Remember, this is the CURRENT ASSET VALUE for this day, which for your purposes is the end of your fiscal year as reported to the IRS.

For Pacifica, California, its fiscal year always ends by law on June 30 of every year. And this report was published for the dates spanning from July 1st, 2010 – to – June 30, 2011.

So you report that your assets are worth $600,000, and you report that your cash and investments are at $100,000 total.

In the end, when your future payments and interest are taken into consideration, you report the following to the IRS:

Property value: $600,000

Cash and investments: -$300,000

What?

How can you report a loss and negative balance on current cash and investments of $300,000 if you have +$100,000 in the bank and in liquid investments?

This is how government financial reporting works, friends. All you’ve done is to create a false paradigm that utilizes the payments and interest payments of your future debt repayment amortization, including interest that hasn’t even been charged yet upon your balance principle in the future, and applied that negative liability to your current balance of assets.

But in order for this to work, you must not take into consideration your future income, investment returns, and other forms of revenue that will come into your total asset balances in the future. In other words, you report your future liabilities and ignore the future assets that will ultimately pay for those liabilities.

If you were really devious, you could then file bankruptcy and get those future debts eliminated from your record while retaining your current assets and equities.

Welcome to government creative CAFR and budget accounting!!!

–=–

Now, back to the City Of Pacifica Municipal Corporation CAFR…

Again, our liabilities are listed as:

Due Within One Year:

Governmental Activities$4,283,958

Business-Type Activities: $2,458,072

Totals: $6,742,030

Due In More Than One Year:

Governmental Activities$38,527,849

Business-Type Activities: $34,108,234

Totals: $72,636,083

To be fair, we will treat the listed liabilities that are “due within one year” as a legitimate line item, and to cover any type of short-term future assets that this government corporation might have actually reported.

And so, we have a total left over in the “due in more than one year” category of $72,636,083.

When we look at the line items in the “Assets” section, we see no reporting mechanism for the declaration of future assets due in more than one year”. The “long-term pre-paid pension asset” is an investment into the pension system, and not a future asset in the form of revenue. Thus, we have no hint or clue of a reporting on how much this City will collect in future revenue or what will be collected via taxation or business income, which would obviously be what pays for the future debt liability payments that are reported here.

In other words, the City corporation just used FUTURE liabilities to hide its CURRENT assets.

If the fact that future assets to be collected as revenue were reported in this graph, the $72,636,083 that is reported as a liability effecting the current asset balance would be cancelled out into a zero balance. All future liabilities would be accounted for with all future assets.

But this is not the case.

If this true accounting were to be stated here in the Statement of Net Assets, then the Total Net Assets would change from this:

Governmental Activities$58,403,038

Business-Type Activities: $19,724,997

Totals: $78,128,035

To this:

Governmental Activities$58,403,038 + $38,527,849

Business-Type Activities: $19,724,997 + $34,108,234

Totals: $78,128,035 + $72,636,083

This gives the municipal corporation of Pacifica, California a sudden increase in its actual CURRENT ASSETS to a total of $150,764,116, almost double what it actually reports within its Statment of Net Assets.

And there you have it – creative accounting at its finest. This, ladies and gentlemen, is the financial scam being perpetrated over you in every city, district, county, and state, USA.

And this can be used by anyone to call out your council, mayor, and any other financial planners that try and bullshit you into believing that your government has no money. And this is only the tip of the iceberg…

Remember, this in no way represents the total gross wealth of your government, but only shows one single method amongst many methods to legally cover up the true financial situation of your government entity. This can also be applied to other balances listed in the CAFR, including the “Statements Fund Balances” and within Pension Fund CAFR schemes.

–=–

Finally, to test this instruction sheet for accuracy and to prove my claims herein, lets randomly select a few other CAFR’s from governments around the country…

I just sat for a moment and thought of what should be the only City in America that may be an exception to this rule, a government that actually may be in dyer financial trouble. And the name Detroit came to mind…

Here is a link to the City Of Detroit municipal corporation (incorporated 1806) CAFR for fiscal year 2011 on the Detroit City Government website:

LINK–> http://www.detroitmi.gov/Portals/0/docs/finance/CAFR/2011%20Detroit%20CAFR%20Final.pdf

Detroit lists its Statement of Net Assets on page 37 of this CAFR. And this City lists the following Net Assets:

Total Assets (and Deferred Outflows): $10,030,113,247

Total Liabilities: $10,059,121,604

Total Net Assets (Deficit): ($29,008,357)

So here the City of Detroit is reporting that after all CURRENT ASSETS and LIABILITIES are considered, the City is running a deficit of over $29 million dollars.

But what happens when we look closer at the liabilities section line items and apply the “creative accounting” lesson we just learned?

Amazing things, folks. Amazing things happen…

Listed as “LONG-TERM OBLIGATIONS” here, Detroit lists the following under its “TOTAL LIABILITIES” section:

Due Within One Year: $313,944,768

Due In More Than One Year: $8,366,493,713

It also lists certain liabilities in the form of toxic debt instruments as:

Derivative Instruments – Swap Liability: $612,067,105

Now, though we wont include this in our total, the fact that your government is even in the investment schemes of derivatives trading, including toxic mortgage backed securities, should be enough to storm the gates and handcuff your political leaders. But we’ll save that discussion for another time, even as your governments collectively invest in this type of securities crap!

So again, if we simply consider that the future liabilities (due in more than one year) of the City OF Detroit will be paid with future assets collected by City Of Detroit from its taxpayers and customers (totals include “Governmental” and “Business-Type Activities”), then the City government of Detroit actually has CURRENT assets which should be listed like this:

Total Current Assets (and Deferred Outflows): $10,030,113,247

Total Current Liabilities: $1,692,627,891

Total Current Net Assets: $8,337,485,356

So the City Of Detroit is covering up more than $8 billion dollars in CURRENT assets by its creative accounting of future assets due more than a year away that will be paid for by future assets that are creatively not reported in its own audited CAFR. If I was a resident of Detroit, I’d say it was time to hold certain lying councilmen and the mayor accountable to the people. And in gangland Detroit, the word accountable would and should be a very frightening thought to those crooked political figures in power over the trust of the people!

The lies know no end in government accounting standards and practices…

–=–

Ok, how about one of the largest Cities and Counties in the nation, Los Angeles.

By some accounts, L.A. is one of the largest 20 economies in the world. So let’s see what just the City proper and the separate County proper is holding within its CAFR as CURRENT Net Assets.

Here is the link to the 2011 City CAFR for City Of Los Angeles: http://controller.lacity.org/stellent/groups/ElectedOfficials/@CTR_Contributor/documents/Contributor_Web_Content/LACITYP_019904.pdf

And here is the link for County Of Los Angeles: http://file.lacounty.gov/lac/cms1_141548.pdf

Starting with the City, the Statement of Net Assets lists:

Total Assets: $48,314,850,000

Total Liabilities: $27,828,798,000

Total Net Assets: $20,486,052,000

But again, in the LIABILITIES section, is listed “NON-CURRENT LIABILITIES”:

Due In More Than One Year: $23,808,794,000

And so the actual CURRENT NET ASSETS total for Los Angeles City government is in fact $44,294,846,000.

–=–

And now the County of Los Angeles:

Total Asset: $26,447,190,000

Total Liabilities: $10,317,696,000

Total Net Assets: $16,129,494,000

But again, in the LIABILITIES section, is listed “NON_CURRENT LIABILITIES”:

Due In More Than One Year: $7,224,245,000

And so the actual CURRENT NET ASSETS total for Los Angeles County government is in fact $23,353,739,000.

And so in just these two governments within Los Angeles, we have quickly and easily uncovered over $31 billion in hidden assets. With this simple technique, you and your friends can show anyone out there how government is lying to the people through omission of accounting facts. This is organized crime, indeed…

–=–

Here is a random School District called Minnetonka, in Minnesota, showing this scam in even the smallest of districts and cities:

LINK–> http://www.minnetonka.k12.mn.us/administration/Budget/Documents/District_Audit.pdf

On page 33 is the Statement Of Net Assets:

Total Asset: $161,323,894

Total Liabilities: $83,195,859

Total Net Assets: $78,128,035

And when we realize that most of these liabilities are what are called “NON-CURRENT LIABILITIES” on this report, we see that of these listed liabilities:

$72,636,083 is listed as “Due In More Than One Year

This nearly doubles the actual CURRENT ASSETS to a total of $150,764,118.

Yet another example of the endless sea of lies and obfuscation that has for generations been pulled over the eyes of the public.

–=–

I hope that this information will be of use to your future endeavors in trying to understand the actual financial position of your local or state government. I’d say its time to get up and go to a council meeting near you. Any one will do… all you need is a few minutes to find and add up these figures, and you are good to go create a firestorm of citizen outrage that needs to be spread through the actions of people like you.

As a homework assignment, why not pull up your own City CAFR and amaze friends and family with your new magic trick. Before today, only the Federal Reserve could pull millions or billions of dollars out of its butt! And while your at it, please leave a comment below about what you have found. Include the amount in millions or billions hidden under future liabilities, and also the link to your CAFR so that others may enjoy. Please pass this on and let’s see how many we can post here. That would be great!!!

Be well, and stop playing the fool!!!

.

–Clint Richardson (Realitybloger.wordpress.com)
–Wednesday, February 27, 2013

Today’s Creatures From Jekyll Island


One of the things that the “truth” movement does best is to perpetrate and over-propagate myths and legends.

While a myth is something that just isn’t the truth, a legend is based on a grain of truth that has been blown way out of proportion into being almost god-like in its power – able to create whole movements based on false facts.

Of course, the favorite “truther” myths and legends seem to circulate around the creation of and the continuing story of the Federal Reserve System. In a previous post, I broke down the legal structure of the Federal Reserve, including the Federal Reserve Act and the reality of what an “independent agency of government” actually is (The Postal Service, Social Security Administration, Federal Trade Commission, Federal Elections Commission, Securities And Exchange Commission, and the Federal Reserve System are all examples of “independent agencies of government”.) They are Federal government corporations, created by Congress, and given the limited power of “rule-making” while still bound by congressional “law” – and there is just no way to get around these facts. All this and the sources you need are right here:

(Link–> https://realitybloger.wordpress.com/2012/06/23/the-incontrovertible-conundrum-of-dr-ron-paul/)

But obviously, the legend still outlives the reality…

My favorite part of the Fed legend is the story of the men who gathered at Jekyll Island to supposedly “create” the Federal Reserve.

While it is certainly true that men congregated to create a bill that could then be eventually run through and passed by congress, the legend of that meeting is one of the more discrediting aspects of the movement. In fact, it unfortunately gives people the false impression that this meeting at Jekyll Island was some rare event in history – as if the rest of the time in government, bills and acts are created by the actual congressmen who spend days and weeks composing and signing them. This is far from the truth.

Was there a meeting on that island? Of course. This fact is not in question.

Did these men create the Federal Reserve? Of course not. They simply wrote a draft of a bill that would take some three years to finally be rewritten, amended, and passed by congress. Congress created the Federal Reserve, which was finalized by then President Woodrow Wilson’s signature. Government, in fact, created the Federal Reserve Board and banks in committee after the Federal Reserve Act was signed, just as it was instructed to do by the Act.

Did the bill pass by the vote of just a few house members on a late stormy night when most of congress was at home sleeping or celebrating the holidays? For this myth, I simply did a bit of simple, logical research….

–=–

“The House passed the bill 298-60 on the evening of Dec. 22, 1913″

“The Senate began debate the following day at 10am, and passed it 43-25 at 2:30pm.”

“Wilson signs currency bill,” –New York Times, pp. 1-2, Dec. 24, 1913.

Oh, yeah… the legend seems to forget the check and balance rule that when a bill passes the house, it must also pass the Senate and be signed by the President. So in reality, The Federal Reserve Act didn’t get “created” until that very stroke of the presidents pen. And since bills go from the House to the Senate, and since the Senate then passed the bill as well, and since the bill then went to conference for final amendment and approval, we can’t very well state with any historical accuracy that the Federal Reserve Act was created on a dark stormy night in the House after all of the congress had already left for the holidays, now can we? For the Senate met the next day at 10 am! We can’t just dismiss or not mention the rest of the legislative process for the fulfillment of our legend.

But we also can’t dismiss the journals of the House and Senate, which clearly show the number of votes cast as official record. In other words, when role call was announced, the following was the response of congressmen in attendance for the final vote on the conference report (amended version of the Federal Reserve Act Bill):

House: Bill passed the house on September 18th by a vote of 282-85 with only 3 democrats voting against it.
Senate: The Senate passed the Federal Reserve bill, 54-34 on December 19th with full Democratic support.
Conference Committees: agreed and on December 22nd and 23rd the two houses ratified the bill and the President signed the measure as follows…

1) Dec. 22, 1913 – House agreed to conference report on H.R. 7837 by 298 yeas to 60 nays and 76 not voting but with 34 announced pairs.
(Link–> http://www.llsdc.org/attachments/files/102/FRA-LH_v51-CR-1464.pdf)

2) Dec. 23, 1913 – Senate agreed to conference report on H.R. 7837 by 43 yeas to 25 nays and 27 not voting but with 13 announced pairs.
(Link–> http://www.llsdc.org/attachments/files/103/FRA-LH_v51-CR-1487-1488-SEN.pdf)

3) Dec. 23, 1913 – President signs H.R. 7837, the “Federal Reserve Act”.
(Link–> http://www.llsdc.org/attachments/files/105/FRA-LH-PL63-43.pdf).

Does this sound like congress was home for the holidays when the Federal Reserve was created? 76 members out of a total of 434 were listed as not present for the vote. This means that approximately 18% of House members were not present for the vote, which as it turns out is not at all uncommon. It also means that even if these 76 members were present to vote, and they all voted nay on the act, the total votes would have stood at 136 nays, and 298 yeas. This would still have been well over a 2/3’s majority vote in favor of the Federal Reserve Act by the House Members.

The New York Times then reported:

“WASHINGTON, Dec. 23.–President Wilson signed the Currency bill at 6:02 o’clock this evening, following the passage of the conference report by the Senate in the afternoon by a vote of 43 to 25, and the House’s approval of that report last night…”

(Link–> http://query.nytimes.com/gst/abstract.html?res=9B04E3DB173DE633A25757C2A9649D946296D6CF&scp=1&sq=+%22currency+bill%22+AND+%226%3A02%22&st=p) – Note that you may download full article here as well.

So that you can understand how common this absenteeism is in legislatures across the United States, I’d very much like for you to watch this coverage of the Texas Legislature, perhaps my favorite tool to wake people up to the fraud that is government:

Note that since the legislature makes the rules, the legislature very seldom enforces their own rules.

The point here is that if one pours through the journals of the congress, one will continuously see the fact that congress is never full. Absenteeism is a normal aspect of the legislature.

Is this right or wrong?

I’m not here to tell you what is right or wrong, though I personally believe that no bill should be passed in congress without 100% attendance and vote. What I am here to do is present fact -vs- fiction. And the fact is that nothing out of the ordinary happened on that night (when only 18% of the Congress didn’t vote for the conference report on the Federal Reserve Act) and that it was indeed passed quite legally. Good or bad? That’s not the issue. It’s good for some, bad for others. I’m not here for that. Good and bad are not facts, they are opinions. My opinion, so as to be clear, is that the Federal Reserve Act was both good and bad, but that its management is very bad. But more importantly, my opinion of congress and the President, both past and present, is that they are acting in treason to the people of the united states of America under the Lieber Code (martial law) and that nothing they do is lawful in America in the first place. But, they are acting legally in the United States under their own laws, which is outside of the united states of America, in Washington D.C. They are the provisional government of the occupying military force called the United States. So my opinion is based on these facts, as a man who understands that he is under martial law and that since the Civil War, the government of the United States is illegitimate under duress.

Interestingly, because of this fact, the ludicrous pursuit of Obama’s birth certificate to prove “citizenship” is a fallacious waste of time. For under military rule, there is no law that requires any head of any corporation to be a natural born citizen of the united states of America in the government of the federal corporation called the “United States”. In fact, there is no law period! You see, there is no such thing as being naturally born in the “United States” corporation. The United States are a corporation, and there is nothing natural or human about it. The President is the CEO of the United States, not the united states of America.

And as it turns out, the myth of future martial law as a result of “civil unrest” is one of the few instances where the myth covers up an already existing fact that is much worse than the myth. In this occupied land, the “United States” military already has bases in all 50 States, which are federal territories of the United States, signifying the presence of martial law according to the laws of war in the Lieber Code. And so the fear of martial law covers up the actual ongoing military rule and occupation that already exists! Just one more quiver in the educational void of the truth movement. The Lieber Code directly influenced both the Hague Convention deliberations and the Geneva Conventions in the mid-twentieth century, and was originally put into effect as General Orders 100, on April 24, 1863, by Lincoln’s secretary of war, Edwin Stanton.

By the way, I feel perfectly justified in saying these things because of the FACT that I was once equally as naive as the rest of us; telling people to wake up even as I was completely asleep. A cursory glance at some of my first posts on this blog is proof enough of my own ignorance just a year ago, and of the arrogance that comes with being an nonfactual truther. So getting offended at my writing is pointless. I still have a lifetime of learning to overcome my own current ignorance, and I no longer fool myself into thinking that I know even a fraction of what is.

My intention is only to point out what isn’t, so as to make it easier for both you and myself to see what is. So bare with me…

For more on this, may I suggest my previous research here:

(Link –> https://realitybloger.wordpress.com/2012/07/04/why-the-supreme-court-claims-obamacare-is-constitutional/)

And for more on the Lieber Code and our continued military rule since the Civil War, see here:

(Link –> http://archive.org/stream/TheCivilWarWithNoEnding_232/TheCivilWarWithNoEnding#page/n0/mode/2up)

One last example as to the myths that get passed around without verification.

This quote is often put forward to be said by Woodrow Wilson after signing the Federal Reserve Act.

“I am a most miserable man. I have unwittingly ruined my country. A fantastic industrial nation is controlled by its system of confidence. Our system of confidence is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men…”

But when we actually examine where this quote comes from, we can quite easily and logically deduct the fact that this quote could not have been said by Woodrow Wilson any time close to or after the date of the signing of the Federal Reserve Act in December of 1913!

Page 185 of “The New Freedom” by Woodrow Wilson (1913, Doubleday, Page & Co) has this quote.

For a description of this book, we read: “The New Freedom comprises the campaign speeches and promises of Woodrow Wilson in the 1912 presidential campaign.” Also note that this book was copyrighted and published earlier in the year 1913.

How is it then that this quote can possibly be attributed to President Wilson after signing the Federal Reserve Act in the last week of that year, on December 23rd, 1913?

Does nobody verify facts anymore?

It turns out that Wilson didn’t write or say the phrase, “I am a most miserable man. I have unwittingly ruined my country.”, at least that anyone can find.

In Chapter 8 of “The New Freedom”, we find written:

“A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom.”

And then in Chapter 9, we read:

“We have restricted credit, we have restricted opportunity, we have controlled development, and we have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world–no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.”

And as of yet, I can’t seem to find a reference for the “unhappy man ruining his country” quote.

But someone out there put it all together, shortening sentences and blending intent, to read as such:

“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.”

And this quote is used in such movies as Freedom To Fascism, Zeitgeist, The Money Masters, etc…

On “The Money Masters” website, the quote for that movie is listed as:

Despite these warnings, Woodrow Wilson signed the 1913 Federal Reserve Act. A few years later he wrote:I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit…’ etc…”

(Source –> http://www.themoneymasters.com/the-money-masters/famous-quotations-on-banking/)

For the movie, “America: Freedom To Fascism”, the quote was:

“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is now controlled by its system of credit. We are no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.”

Among other misquotes, Mr. Russo also twisted this quote completely out of context when he read:

“We can’t be so fixated on our desire to preserve the rights of ordinary Americans.” –Bill Clinton, March 11, 1993

What Clinton actually said (on March 1, 1993) was:

“We can’t be so fixated on our desire to preserve the rights of ordinary Americans to legitimately own handguns and rifles—it’s something I strongly support—we can’t be so fixated on that that we are unable to think about the reality of life that millions of Americans face on streets that are unsafe, under conditions that no other nation—no other nations—has permitted to exist.”

(Source –> http://www.presidency.ucsb.edu/ws/index.php?pid=46264)

How can one then trust any other quotes or references in such “documentaries” if such blatant misquotes with unverifiable information are placed into them as “historical fact”, and then parroted by “truthers” to people who might actually verify the lie? It is my opinion that a documentary is supposed to document facts, not parade half-truths for the benefit of emotional response.

Again, if almost the entirety of Wilson’s quote was written in a book that was published well before the Federal Reserve Acts was signed, then how could it be Woodrow Wilson’s thoughts “after signing the Federal Reserve Act“, as so many have quoted without verification?

The “truth” is that it can’t.

And to assign some sense of heroism to the very man who signed the Federal Reserve Act, making it law, after he agreed to do so for campaign donations and support to become president in the first place, is a stain on the reliability of the good people who then quote these lies as truth. In fact, the only logical conclusion is that Wilson was stating these facts about the banking system to prepare and predicatively program people to except the fact that the Federal Reserve was going to be created to solve all of these problems that he wrote about in this book. What a twisted history and tangled web we “truthers” can weave…

–=–

Another aspect of this legend of the Federal Reserve story is the strange notion that the Federal Reserve System somehow operates outside of government control, that it owns its own assets, and that some rouge “bankers” or “elite” own some fictitious stock in the Federal Reserve that no one can see, touch, or verify. I’ve even seen lists going around listing certain men (international bankers) as shareholders of the bank. Despite the fact that the current Federal Reserve Act as annotated in U.S. CODE has been amended by Congress numerous times in every decade since its inception, and is now a completely different “creature” than it was at its creation, even the original Federal Reserve Act states quite clearly that these myths about the legend are simply not true…

Here is an excerpt from the original Federal Reserve Act:

SEC. 2… Under regulations to be prescribed by the organization committee, every national banking association in the United States is hereby required, and every eligible bank in the United States and every trust company within the District of Columbia, is hereby authorized to signify in writing, within sixty days after the passage of this Act, its acceptance of the terms and provisions hereof. When the organization committee shall have designated the cities in which Federal reserve banks are to be organized, and fixed the geographical limits of the Federal reserve districts, every national banking association within that district shall be required within thirty days after notice from the organization committee, to subscribe to the capital stock of such Federal reserve bank in a sum equal to six per centum of the paid-up capital stock and surplus of such bank….

Any national bank failing to signify its acceptance of the terms of this Act within the sixty days aforesaid, shall cease to act as a reserve agent, upon thirty days’ notice, to be given within the discretion of the said organization committee or of the Federal Reserve Board.

Should any national banking association in the United States now organized fail within one year after the passage of this Act to become a member bank or fail to comply with any of the provisions of this Act applicable thereto, all of the rights, privileges, and franchises of such association granted to it under the national-bank Act, or under the provision of this Act, shall be thereby forfeited….

No individual, copartnership, or corporation other than a member bank of its district shall be permitted to subscribe for or to hold at any time more than $20,000 par value of stock in any Federal reserve bank. Such stock shall be known as public stock and may be transferred on the books of the Federal reserve bank by the chairman of the board of directors of such bank….

SEC. 3. Each Federal reserve bank shall establish branch banks within the Federal reserve district in which it is located
and may do so in the district of any Federal reserve bank which may have been suspended.

* * * * * * * *

SEC. 5. The capital stock of each Federal reserve bank shall be divided into shares of $IOO each….

* * * * * * * *

SEC. 7. After all necessary expenses of a Federal reserve bank have been paid or provided for, the stockholders shall be entitled to receive an annual dividend of six per centum on the paid-in capital stock, which dividend shall be cumulative. After the aforesaid dividend claims have been fully met, all the net earnings shall be paid to the United States as a franchise tax, except that one-half of such net earnings shall be paid into a surplus fund until it shall amount to forty per centum of the paid-in capital stock of such bank.

The net earnings derived by the United States from Federal reserve banks shall, in the discretion of the Secretary, be used to supplement the gold reserve held against outstanding United States notes, or shall be applied to the reduction of the outstanding bonded indebtedness of the United States under regulations to be prescribed by the Secretary of the Treasury….

So after reading this, does it sound to you like “bankers” took over the banking system of the United States?

No. In fact, Individual banks were REQUIRED to purchase stock to be a Federal Reserve Member to continue operating as a reserve bank of the United States. In other  words, if any bank wished to continue to create funny money legally through the United States, they had to become members of the Central bank of the United States. So technically, government actually created a system to control bankers.

But what needs to be known is that government, over many, many decades, has slowly invested in the ownership stock of all of these banks and other corporations and collectively, governments have become the major share holder of these banks. Government is where the public wealth is – 100’s of millions of people’s wealth exacted and extorted daily – and the power to control that wealth as well as the regulation of the banking industry in one consolidated government was the collective goal.

Please get this through your head… I am not here trying to convince you that government isn’t controlled by outside influences, bankers, elites, or whatever the legend of today names these men as… I am simply telling you the facts: The Federal Reserve System is a government agency that is politically independent (not naturally or lawfully independent), no differently than the Post Office or the Social Security System or many other independent agencies of government, and that it is government that holds the wealth and stock ownership of most corporations and banks.

There are no ownership shareholders of the Federal Reserve because the Federal Reserve does not offer ownership stock. Wallmart and Monsanto offer “public” ownership stock, for which people and government has been purchasing for decades. But government corporations do not offer public (ownership) stock, which means that government is not owned.

Thus, the myth that “corporations own the government” can also be dismissed here. It is quite the opposite, actually. The word “own” is the legal holding of stock of a corporation. So while there is very much a symbiotic relationship between corporations (including banks) and government, the fact is that government owns shares in corporations, and not the other way around. The reality is that at any time government, with the swish of a pen or the dumping of its collective stock, can indeed shut down or make insignificant any corporation it chooses to. On the other hand, no corporation can do the same to government.

These are the facts. And while these facts do not preclude the idea that a bunch of evil bankers and corporate elitists control the government from beyond its borders, they do show quite clearly that while government may be controlled by these men, government is not “owned” by these men. The distinction here is perhaps the most important one I can think of, and yet it is the most overlooked by the creators of legends and myths. Is it any wonder that the masses, with the help of the government-owned media (through stock investment), calls us “conspiracy theorists”? If 99 out of 100 “truthers” are purposefully led into the mythological beliefs we are uncovering here, and then present those beliefs as fact (as I once did) without verifying these stories of false history, then how can the masses of people ever be persuaded to “wake up”? For waking up into just another dream-state is never going to accomplish anything – and belief in mythology and legends is not truth!

–=–

We also see in the Federal Reserve Act that earnings shall be used to supplement the gold reserve held against outstanding U.S. notes. What does this mean? After all, the myth states that there is no gold in Fort Knox, right?

As of 2009, the gold reserve held as collateral by the Treasury against outstanding United States notes was listed in the Federal Reserve Comprehensive Annual Financial Report, pages 453 and 490.

(LINK–> http://www.federalreserve.gov/boarddocs/rptcongress/annual09/pdf/ar09.pdf)

Please note that the Federal Reserve is required to publish its audit of its financial statements just as every other government agency is in the country – NO EXCEPTION –  and this can be verified in the Federal Reserve act and in U.S. CODE here:

Section 11B. Annual Independent Audits of Federal Reserve Banks and Board

The Board shall order an annual independent audit of the financial statements of each Federal reserve bank and the Board.

[12 USC 248b. As added by act of Nov. 12, 1999 (113 Stat. 1475).]

But wait a minute, the Fed doesn’t get audited, does it? Isn’t that what the myth states, that the legend called the Federal Reserve doesn’t get audited because it is a rouge agency and out of control of the government?

Read the answer to this question for yourself, here: –> http://www.federalreserve.gov/faqs/about_12784.htm

And then go ahead and download the audit of the Federal Reserve, which is listed on its site as:

“Audited Annual Financial Statements of the Federal Reserve System (annual statements as of and for the years ended December 31, 2011, and 2010)”

Here’s the link for the audit of each individual Fed bank, as well as the Board–> http://www.federalreserve.gov/monetarypolicy/bst_fedfinancials.htm#audited

It’s really simple and a generally accepted practice for governments and private corporations you see, to create their own financial statements and have them audited by an outside accounting firm. This was the case even when The Creature From Jekyll Island was written, and for many decades before. In fact, the Federal Reserve has been audited since it was created.

Also, the Government Accounting Office in its 2009 CAFR reports for the Federal Government shows the same exact information, listing $11,037,000,000 worth of gold at a fixed (contracted) price of $42.2222 per troy ounce being held as collateral for United States notes. This can also be found on page 61 of the Federal Government’s CAFR.

(LINK–> http://www.gao.gov/financial/fy2010/10notes.pdf)

With a little math, we can calculate that as of 2009 fiscal year, the Federal Reserve was holding 261,498,900 troy ounces of gold as collateral for United States notes. And as the price of this pledged gold is fixed at a statutory value of $42.2222 per troy ounce, that legal value as listed is a bit over $11 billion dollars.

However, if we were to consider that U.S. gold as valued by the market price of $1654 per troy ounce today, August 30, 2012, that gold would be worth $432,519,180,600 dollars. $432.5 billion! Ironically, and perhaps purposefully, the “gold certificates” held by the Federal Reserve System – which are redeemable for the physical gold listed as payable by the Treasury –  these gold certificates have been used in the markets as swaps, using the market value of the physical gold as collateral for other trades. In other words, while the physical gold is force-valued at $42.2222 per troy ounce by statute, the gold certificates representing that actual physical gold in contract can then be used in certificate swaps at the gold’s market value – at $1654 per troy ounce – because the certificates represent the gold itself, not the contracted price! The collateral is being used as collateral!

Thus, the myth that the Federal Reserve and the United States Treasury are somehow at odds with each other or in some strange form of competition is fairly ludicrous. We are talking about legal organized crime here. And no rational criminal would set up a system to impede the implementation of that criminal activity. In fact, it states very clearly here that “all the net earnings shall be paid to the United States as a franchise tax.

Think about it… if “The net earnings derived by the United States from Federal reserve banks shall, in the discretion of the Secretary, be used to supplement the gold reserve held against outstanding United States notes, and thenet earnings shall be paid to the United States as a franchise tax, where is the competition?

This makes a causal loop where profits (earnings) of the bank get paid to the Federal government and then those payments get used to increase the physical gold held by the Federal government which creates more swappable gold certificates to collateralize the United States notes which will make even more profits (earnings) for the Federal Reserve which will be paid back again to the United States as a tax and can buy more gold and swap more certificates making more profits and so on and so forth– ad infinity.

Does this sound like a competition or non-cooperation to you?

As far as the Fort Knox myth:

The gold stored in the Depository is in the form of standard mint bars of almost pure gold or coin gold bars resulting from the melting of gold coins. These bars are about the size of an ordinary building brick, but are somewhat smaller. The approximate dimensions are 7 x 3-5/8 x 1-3/4 inches. The fine gold bars contain approximately 400 troy ounces of gold, worth $16,888.00 (based on the statutory price of $42.22 per ounce). The avoirdupois weight of the bars is about 27-1/2 pounds. They are stored in the vault compartments without wrappings. When the bars are handled, great care is exercised to avoid abrasion of the soft metal…”

(Top) “A large amount of the United States’ gold reserves is stored in the vault of the Fort Knox Bullion Depository, one of the institutions under the supervision of the Director of the United States Mint. The remaining gold reserves are held in the Philadelphia Mint, the Denver Mint, the West Point Bullion Depository and the San Francisco Assay Office, also facilities of the United States Mint.”

(Source –> http://www.treasury.gov/about/education/Pages/fort-knox.aspx)

Read this clearly… The gold of the United States is held in several depositories, Fort Knox being just one of them. It is listed at the same statutory price that is pledged to the Federal Reserve as collateral for United States notes. And there is absolutely no proof whatsoever that this gold is not being hoarded in Fort Knox or one of these other installations. Seriously, what purpose would it serve to lie about this? Why the pervasive myth?

Understanding the connections and financial reporting of that gold and how it is pledged as (collateral), and seeing these audited reports match up gives us a look into the reality of the situation.

And, as for the audits of the gold in Fort Knox, we read:

Appendix D: Continuing Audit of the United States Government-Owned Gold Summary

A continuing audit of the United States gold stock has been underway since 1975 at the direction of the Secretary of the Treasury. When it is completed in 1984, it will have covered all the gold for which Treasury is accountable and will have involved an estimated 26 man years of work. This audit, together with a special audit of the gold stock conducted by the General Accounting Office in 1974 and audits by examiners of the Board of Governors of the Federal Reserve System, has (as of September 30, 1981) covered more than 212.7 million fine troy ounces of gold. This represents over 80 percent of the total amount of United States-owned gold of 264.1 million fine troy ounces. No discrepancies have been found in Treasury records with regard to any gold in permanent storage.

Current Audit Program

On September 23, 1974, members of Congress were invited to inspect the United States gold stock stored in the Ft. Knox bullion depository. Following Congressional inspection, which involved removal of the seals and opening selected vault compartments, a special audit was conducted in September and October 1974. The General Accounting Office (GAO), in cooperation with auditors from the Bureau of the Mint, Bureau of Government Financial Operations (BGFO), United States Customs Service, and the Treasury Department’s Office of Audit conducted an audit of 21 percent of the gold bars stored at Ft. Knox. In the report of the audit, the GAO recommended that consideration be given to performing continuing audits of the gold in custody of the Mint. That recommendation is the basis for the current audit program. On June 3, 1975, Treasury Secretary Simon issued Treasury Department Order No. 234-1 authorizing and directing the Fiscal Assistant Secretary, with the cooperation and assistance of the Director of the Mint, to conduct a continuing audit of United States Government-owned gold for which the Department of the Treasury is accountable.

The Fiscal Assistant Secretary established a Committee for Continuing Audits of United States Government-owned Gold to provide guidelines and general direction to ad hoc gold audit committees. The Committee for Continuing Audits is headed by the Director, Audit Staff of the Treasury’s Bureau of Government Financial Operations (BGFO) and includes the Chief of Internal Audit of the Bureau of the Mint and the Assistant General Auditor of the Federal Reserve Bank of New York…

FOR IMMEDIATE RELEASE September 20. 1974

INSPECTION OF GOLD AT FORT KNOX

The inspection by Members of Congress on September 23, 1974 of U.S. gold stocks stored at the Fort Knox (Ky.) Bullion Depository marks a unique departure from the long standing and rigidly enforced policy of absolutely no visitors, Mrs. Mary Brooks, Director of the Mint announced today.

“On April 28, 1943, President Franklin D. Roosevelt inspected the Bullion Depository,” Mrs. Brooks said. “His visit was the one and only time a gold vault was opened for inspection for anyone other than authorized personnel.”

“The Congressional inspection adheres to the new open door policy of the government announced by President Ford. Treasury Secretary William E. Simon issued the invitation to Congressmen to inspect the gold at Fort Knox. By also inviting the press to witness the Congressional inspection, the Mint is clearing away the cobwebs and re-assuring the public that their gold is intact and safe. For the first time photographing is being permitted inside the Depository.”

After the Congressional inspection, the Bullion Depository will once again be closed to visitors.

On September 24, 1974, a special settlement (audit) is scheduled to begin and at its conclusion a report on the audit will be issued.

The audit will be performed by a committee of auditors from the U. S. General Accounting Office (GAO) and the Department of the Treasury. The auditors from the Treasury will be drawn from the Office of the Secretary, the Bureau of Government Financial Operations, the U. S. Customs Service, and the Bureau of the Mint. In addition, the committee will include technicians from the Bureau of the Mint who are trained in assaying and weighing gold bullion.

The monetary gold stock of the United States totals 276.0 million fine troy ounces valued at $11. 7 billion at the official rate of $42.2222 per fine troy ounce, and is stored in various federal depositories (table attached), the largest of which is at Fort Knox. Kentucky. 147. 4 million fine troy ounces, valued at $6.2 billion, is stored in 13 vault compartments at the Fort Knox Bullion Depository.

CONGRESSIONAL MEMBERS INSPECTING GOLD AT FORT KNOX SEPTEMBER 23. 1974

SENATE
Walter D. Huddleston. (D) Kentucky

HOUSE OF REPRESENTATIVES
Clair W. Burgener. (R) California
John B. Conlan. (R) Arizona
Philip M. Crane. (R) Illinois
Walter E. Fauntroy. (D) District of Columbia
Angelo D. Roncallo. (R) New York
John H. Rousselot, (R) California
Gene Snyder. (R) Kentucky
Chalmers P. Wylie. (R) Ohio

(Source –> http://search.yahoo.com/r/_ylt=A0oG7hxYfEJQvkIA6TVXNyoA;_ylu=X3oDMTE1NTd2M2gwBHNlYwNzcgRwb3MDMQRjb2xvA2FjMgR2dGlkA1ZJUDAyMl8xODA-/SIG=13la6qcdu/EXP=1346563288/**http%3a//www.goldensextant.com/Resources%2520PDF/Gold%2520Commission%2520Report%2520Annex%2520D.pdf)

And then the the U.S. Mint states:

“The United States Bullion Depository Fort Knox, Kentucky:

  • Amount of present gold holdings: 147.3 million ounces.
  • The only gold removed has been very small quantities used to test the purity of gold during regularly scheduled audits. Except for these samples, no gold has been transferred to or from the Depository for many years.
  • The gold is held as an asset of the United States at book value of $42.22 per ounce.
  • The Depository opened in 1937; the first gold was moved to the depository in January that year.
  • Highest gold holdings this century: 649.6 million ounces (December 31, 1941).
  • Size of a standard gold bar: 7 inches x 3 and 5/8 inches x 1 and 3/4 inches.
  • Weight of a standard gold bar: approximately 400 ounces or 27.5 pounds.
  • In the past, the Depository has stored the Declaration of Independence, the U.S. Constitution, the Articles of Confederation, Lincoln’s Gettysburg address, three volumes of the Gutenberg Bible, and Lincoln’s second inaugural address.”

(Source –> http://www.usmint.gov/about_the_mint/fun_facts/?action=fun_facts13)

–=–

One of the most interesting legends – one that is alive and well today – is that of Ron Paul. Paul wanted to spend many 100’s of millions of taxpayer dollars to audit the gold reserves of the United States, and is one of the key promoters of this “no gold in Fort Knox” myth, with absolutely no proof that this is the case.

But his real claim to fame is his Audit the Fed bill and “End The Fed” book and movement. He has become infamous for using such mythical catch-phrases as “The Federal Reserve is about as Federal as Federal Express”, and “the Federal Reserve has never been audited”. But even worse than that, his followers and fans then parrot the same thing without ever verifying the factual nature of these statements, as shown above. Again, I should know, as I used to be one of the parrots!!!

Before Paul’s current false-hope bill to supposedly “Audit The Fed”, his 2007 bill actually contradicts his own speeches where he states that the “Federal Reserve is not Federal“.

H.R. 2755 in the 110th Congress is entitled: “Federal Reserve Board Abolition Act”, and is solely sponsored by Ron Paul.

In it’s introductory text it states the following:

A BILL

To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

Further into the text, it states:

SEC. 2. FEDERAL RESERVE BOARD ABOLISHED

(a) In General- Effective at the end of the 1-year period beginning on the date of the enactment of this Act, the Board of Governors of the Federal Reserve System and each Federal reserve bank are hereby abolished.

(b) Repeal of Federal Reserve Act- Effective at the end of the 1-year period beginning on the date of the enactment of this Act, the Federal Reserve Act is hereby repealed

(2) LIQUIDATION OF ASSETS-

(A) IN GENERAL- The Director of the Office of Management and Budget shall liquidate all assets of the Board and the Federal reserve banks in an orderly manner so as to achieve as expeditious a liquidation as may be practical while maximizing the return to the Treasury.

(B) TRANSFER TO TREASURY– After satisfying all claims against the Board and any Federal reserve bank which are accepted by the (Federal) Director of the Office of Management and Budget and redeeming the stock of such banks, the net proceeds of the liquidation under subparagraph (A) shall be transferred to the Secretary of the Treasury and deposited in the General Fund of the Treasury.

Now, there are only three options here:

Either Ron Paul knows that the Federal Reserve System, the Board, and its banks are already the property of the Treasury of the Federal Government and can be shut down and reabsorbed into that government because of that fact…

Or he had temporary insanity and contradicted his own speeches and writings…

Or he is calling for the assumption by government of a completely separate and totally private corporation that was not created by, regulated by, or owned by the federal government.

If this third option were true, would this mean that Ron Paul could write a similar bill to abolish WalMart, Monsanto, or perhaps your own personal small business to be assumed and liquidated into the Federal Treasury?

Which of these scenarios is more reasonable, logical, and for that matter provable, just by reading this bill? Do you actually think that the Federal Reserve Corporation (or any other federal agency) can exist or act legally within the United States if the Federal Reserve Act is abolished?

Where would the Fed then get its authority to operate as the United States central bank, do you think? I mean, if indeed it is a completely separate rouge entity not controlled by government, it really wouldn’t need the Federal Reserve Act or Congress’ approval in the first place, right?

Note: Anyone who answers yes to that question better go back to paragraph one…

Notice too the fact that Paul lists the “stock” of banks to be “redeemed”. The perception that this stock of the Federal Reserve Bank is owned by some international bankers is again one of those prevalent myths that just wont go away. In fact, when we go to the horses mouth (the current amended Federal Reserve Act), we can see what the stock of the Federal Reserve is and who is forced to invest in it.

Section 5 of the Federal Reserve Act (codified in U.S. CODE 12 Section 287) states:

Section 5. Stock Issues; Increase and Decrease of Capital

1. Amount of Shares; Increase and Decrease of Capital; Surrender and Cancellation of Stock

The capital stock of each Federal reserve bank shall be divided into shares of $100 each. The outstanding capital stock shall be increased from time to time as member banks increase their capital stock and surplus or as additional banks become members, and may be decreased as member banks reduce their capital stock or surplus or cease to be members. Shares of the capital stock of Federal reserve banks owned by member banks shall not be transferred or hypothecated. When a member bank increases its capital stock or surplus, it shall thereupon subscribe for an additional amount of capital stock of the Federal reserve bank of its district equal to 6 per centum of the said increase, one-half of said subscription to be paid in the manner hereinbefore provided for original subscription, and one-half subject to call of the Board of Governors of the Federal Reserve System. A bank applying for stock in a Federal reserve bank at any time after the organization thereof MUST subscribe for an amount of the capital stock of the Federal reserve bank equal to 6 per centum of the paid-up capital stock and surplus of said applicant bank, paying therefor its par value plus one-half of 1 per centum a month from the period of the last dividend. When a member bank reduces its capital stock or surplus it shall surrender a proportionate amount of its holdings in the capital stock of said Federal Reserve bank. Any member bank which holds capital stock of a Federal Reserve bank in excess of the amount required on the basis of 6 per centum of its paid-up capital stock and surplus shall surrender such excess stock. When a member bank voluntarily liquidates it shall surrender all of its holdings of the capital stock of said Federal Reserve bank and be released from its stock subscription not previously called. In any such case the shares surrendered shall be canceled and the member bank shall receive in payment therefor, under regulations to be prescribed by the Board of Governors of the Federal Reserve System, a sum equal to its cash-paid subscriptions on the shares surrendered and one-half of 1 per centum a month from the period of the last dividend, not to exceed the book value thereof, less any liability of such member bank to the Federal Reserve bank.

[12 USC 287. As amended by act of Aug. 23, 1935 (49 Stat. 713).]

(Source – The Federal Reserve Act online –>http://www.federalreserve.gov/aboutthefed/section5.htm)

–=–

Does this really sound like a bunch of bankers have control of the Federal Reserve to you? Or does it sound like banks are begging to be members of the Federal Reserve System so that they can get all of the benefits of being members of that system so as to create money via the federal reserve system? Seriously, banks can’t fractionally create money without being members of the Federal Reserve. So no usurious United States bank is going to voluntarily leave the Fed.

Does it sound like banks have a choice as to whether they want to be stock-holders to you, that is, if they want to be members and get Fed benefits?

This legend of the Federal Reserve is out of control!

Perhaps the next time you hold up a sign or plaster a bumper sticker across your automobile that reads “End The Fed”, you’ll actually think about what it is you are demanding. Are you trying to close down a private corporation, or are you trying to demand that government end its own government-owned corporation through a vote of Congress? If you believe the former, then why not hold up signs to government saying end the Monsanto or end the Walmart?

–=–

Now, you may be curious about the title of this rant, “Today’s Creatures From Jekyll Island”.

So let’s talk about who exactly these “creatures” are today and how they’ve changed since yesterday.

Again, the concept that the drafting of these words that would eventually be utilized by congress to create the Federal Reserve Act and the Federal Reserve itself through congressional committee was a rare or singular occurrence in the history of legislative actions is the biggest myth that needs to be dispelled here.

Congressmen, in fact, very seldom write their own legislation. Though the misconception is that this is the job that we vote them into office for, nothing could be farther from the truth. As you saw above, half of the time they don’t even bother to show up for voting session!

These are corporate yes-men. They are propped up into office for one reason… they have no spine. They vote as they are supposed to along party lines, without reading the bills half the time, while putting on a patriotic show every once in a while so that the “truth” movement can pass the video along to other “truthers” and make themselves feel better about exposing the truth.

So who actually drafts most of the important bills in Congress?

I’d like you to meet ALEC.

The American Legislative Exchange Council (ALEC) is the ultimate ultra-lobbying group, consisting of a membership roster of 100’s of major corporations and the thousands of legislators that they wine and dine before they send them back to their state or federal legislatures with ALEC-composed bills in hand. In other words, ALEC ghost-writes the bills that are put on the congress floor, just as the Federal Reserve Act was ghost-written at Jekyll Island. And the congressmen then alter and amend those bills and send them to conference just like they did in 1913.

This is not at all uncommon. In fact, it is the norm.

Hundreds of what are called ALEC Model Legislation Bills are passed each year in congress, and an unknown number are passed on the local and State level. These bills are written by corporations, amended and earmarked by congress, and signed by whichever party president, governor, or county mayor is in office at the time. It isn’t just a rumor that congress doesn’t read the bills they sign. The truth is, they don’t need to. They are just there to sign the dotted lines and enjoy the perks of their ALEC membership, add a few earmarks onto the bills, and then enjoy the benefits they’ll receive in retirement for their cooperation and for being good little minions of the shell-game.

And so, these are the creatures that both inhabit government and professionally organize outside of it, in the open, while writing the nation’s legislation without needing the privacy of an island any more.

While there are certainly other similar groups out there, ALEC is certainly the most prevalent.

Here’s a great satire on ALEC:

For more information on ALEC, visit this website:

http://www.alecexposed.org/wiki/ALEC_Exposed

Warning: As with many mainstream sites and watchdog groups out there, I urge caution and verification. While much of the information on this site is good, the Center for Media and Democracy has some troubling aspects to it… like the fact that it promotes democracy instead of a republic!

Recently, Jan Irvin interviewed one of its representatives, exposing its less public side, here:

http://www.gnosticmedia.com/brendan-fischer-interview-alec-exposed-147/

And finally, I did an interview on ALEC and private prisons with Joyce Riley on the Power Hour, one of my better interviews. Alec is one of the major supporters of and sponsor of the privatization of prisons and everything else in government. Interview here:

http://archives2012.gcnlive.com/Archives2012/jun12/PowerHour/0611122.mp3

In the end, the creatures are all around us. The only difference seems to be the blatant openness in which they operate in today’s world. They are organized into non-profit groups, for the benefit of their for-profit corporations. They are members of countless private associations (including the political parties), and they follow the rules of these associations in the legislature while our politicians lend their allegiance to the parties, not the people. Virtually nothing in government is done in the traditional way that Americans still believe it is, and still the “truther” movement seems to always look to now century old history and quotations for an explanation of what is the reality of today – which is a completely different animal in both technological prowess and the amended law books that read nothing like the rules of yesteryear.

And today, virtually all relevant statutes that are being rubber-stamped and implemented out of our local, State, and federal governments are being written by these treasonous creatures, outside of government halls, by men who no longer need to meet in secrecy on some secluded island – because treason and crime are now commonplace, publicly accepted and anticipated, and legal!

And the people do nothing but change the channel…

.

–Clint Richardson (realitybloger.wordpress.com)
–Saturday, September 1st, 2012

Dear Matt Damon…


Dear Matt Damon,

First of all, let me just say that I have enjoyed your work in various movies over the years. And congratulations on all of your success, both popularly and especially financially. But I want to talk specifically to you about one of your rolls, as the voice-over talent for the recent documentary movie entitled “Inside Job”.

Again, well done sir. This was a very well presented documentary on corruption most foul within the banking industry and in the United States government. But to be honest Matt, I have never seen a more well-done and yet totally incomplete presentation of the facts about such an important event in our nations history. In short, you were the narrator of one of the biggest propaganda pieces in history, and I was wondering how that feels…

You see Matt, I figure that your participation in this thing can only be explained by two possibilities:

1) You were just reading a script, and really don’t comprehend what was truly happening outside of what that script stated within the government and banking industry. And you thought you were truly part of something quite special.

2) You were fully aware of your participation in a government cover-up of the most important aspects of what really happened during this period of organized crime, and you were rewarded handsomely for your popularity and participation in this totally incomplete propaganda piece.

Now, I see that you are supportive of many charities and organizations around the world, and that pleases me as one of your fans. And so I am writing you this letter to let you know that I want to give you the benefit of the doubt with regards to your participation in this misleading documentary. I truly believe that you were doing what you thought was best (and I’m sure the paycheck wasn’t too bad either).

But if this assumption is true, I am wondering what you would do if you found out that you were unwittingly part of a massive misinformation campaign designed to obfuscate the most important aspects of this criminal event. Would you seek to publicly rectify the situation if you saw the proof that “Inside Job” was just a half-truth, designed to allow the very government who has ravished the third-world you are so desperately trying to help through your charities and support, get away with the financial crime of the century? Have you made enough millions yet that you would be willing to sacrifice your future movie career to truly educate humanity about the real Inside Job that took place and how it is directly responsible for the poverty and destitution that you publicly rally against?

As a fan, I’d like to know the answer to these questions…

So Matt, if you will indulge me for just 15 more minutes, I’d like to explain a few things to you, so that you might publicly address the true nature of the so-called financial collapse of 2007-2008 with a fully informed head. For that, I’ve prepared this video, which is just a short snip-it of a 4-hour documentary that I made on the same subject. Please know that this movie cost me nothing to make – except my valuable personal time – and is offered for free to the public without charge. I’m not selling anything. You see, it doesn’t take 20 million dollars to uncover the truth… not like the budget for “Inside Job”, just a deep passion for the truth and a hell of a lot of research.

Now, if you will, please view this 15 minute excerpt from this free movie, The Great Pension Fund Hoax:

So as you can see, Matt, Inside Job failed to mention the most important information for the comprehension of this whole Ponzi scheme – the fact that government had massive controlling stock investments in these banks, investment corporations, mortgage corporations, and bail-out receivers. In other words, the financial collapse of these corporations was not a collapse at all, but was instead a merger of government investment held and owned corporations through what is called “corporate governance”, as well as the complete and utter theft of billions and billions of dollars from the public. This term, corporate governance, was even mentioned once to my surprise in the movie – but with no explanation of what it actually means.

Again, now that you have received this holy grail of comprehension with regards to your documentary’s cover-up, and now that you can see the true nature of government’s complete conflict of interest as major share-holder of every major and important corporation on the planet – while also regulating the markets and industries those investment held banks and corporations operate under (including the major water companies like Nestle, Coca-cola, and Pepsi that are stealing all of the clean water from the African children you are banging your head against the wall trying to help) – what are you going to do about it?

What will you do…?

I mean, considering that the government also has major controlling shares in the very media industry that has made you such a wealthy and popular icon, do you have the integrity to stand up against the hand that feeds you in order to set into motion the necessary public comprehension that is needed to truly save the world from this organized propaganda and government-military industrial machine?

By the way, here are the investments in media companies, if you can spare another 10 minutes:

So what’s it gonna be, Matt?

Will you be the hero of our generation, exposing this truth to millions?

Or will you continue to support the very government corporate owned structure that is killing the families you’re trying to protect in your charitable organizations?

The choice… and the consequence of inaction is now yours, Matt. Because now you know.

Signed, a fan that hopes #1 is the answer you seek to rectify,

–Clint Richardson–

.

Watch the full movie here: http://www.youtube.com/watch?v=fhkWueEjewM

.

–Clint Richardson (realitybloger.wordpress.com)
–Thursday, March 22, 2012

Clint For President In 2012


If you haven’t heard…

I am running for President of the United States (Incorporated).

After such a close race in the 2008 campaign, I am hopeful for 2012. Please watch this Channel 3 news video about my 2008 campaign: (link) http://cafr1.com/WB4President.html

And please visit my new website and read why I am really, truly running for president! I think you’ll find that this is an idea who’s time has come…

The Un-Campaign is located here: (link) http://clint4p.com/

Why vote for the same Republican and Democratic candidates, and expect different results? Isn’t this the infamous definition of insanity? If something is broken, fix it!

Why the United States “Incorporated”?

Listen to the newly elected, Tea Party, junior Congressman Allan West tell you in his own words: (link) https://realitybloger.wordpress.com/2011/08/01/congressman-confirms-united-states-is-a-corporation/ 

“…the President is the Chief Executive Officer (CEO) of this corporation called the United States of America”.

Also, check out my latest documentary: “The Great Pension Fund Hoax” at: (link) http://thecorporationnation.com/

I know where the money is, and after watching this, you will too!

I need your help to make this Un-Campaign into a serious thorn in the side of mainstream politics…

Thank you,

Clint Richardson
Presidential Candidate 2012
The Unincorporated Non-Party

Government’s Conflict Of Interest


As I was going through my emails, I got yet another request from someone who wanted me to sign a petition to send to my political “representative” in office, asking politely to stop funding big oil companies. I sighed in disillusionment, trying to think of a way to make people understand that this form of political action is absolutely useless in a corporate government.

I am so saddened as of late that these types of “petitions” are the focus of so much wasted energy. Writing, calling, and even worse… emailing your “representative” in this kind of futile effort is the worst part of our mutually controlled opposition. The sense of satisfaction and patriotism that is felt by these actions is indeed exactly the desired effect of these actions. They accomplish nothing, and yet makes whole groups feel a sense of accomplishment. A petition has NO legal jurisdiction. A letter is scanned and then filed in the trash, while emails are dumped into a folder on a digital archive never to be seen again.

What a game we play – pawns moving around exactly as we are lead, never changing anything, begging our masters to do what’s right and to start representing us. It’s pathetic!

Don’t you understand? The government owns Exxon Mobile. It has controlling stock interest in the company. It owns British Petroleum, Chevron, and any other petroleum based companies you can think of. If it didn’t have a major or controlling financial interest in BP, that gulf oil spill would have been immediately cleaned up! It wouldn’t have cost the government anything to force this corporation to clean up its mess.

Don’t you Understand? Of course the government gives billions and billions in R&D grants to Pharmaceuticals and medical companies. Government owns those as well, both national and international. It hands these subsidies to these companies because it is profitable for government!!! It must do this to justify its tax collections.

Don’t you understand? They wont stop giving their own profitable businesses subsidies (taxpayer money) just because you say pretty please. They wont stop making a profit to save a few square miles of farmland or housing. And they certainly wont change anything just because a bunch of pussified patriots sign a piece of paper demanding it.

And so, I have compiled this list of just the New York State Retirement Fund’s holdings in Pharmaceuticals, oil companies, the media, and other industries. This is only one out of over 200,000 governments, Federal, state, and local. And if just one single government owns this much in these companies, the answers to the following questions should be as clear as day… government owns and profits from these corporations, and passes the laws which regulate them and to guarantee those profits, regardless of what the public wants. The answer to all questions is simple… it’s just business.

Why are pharmaceuticals and medical companies out of control and killing people? Why is cancer the number one most profitable business, despite proven cures? Why are vaccines soon to be mandatory without one shred of evidence as to them being medically sound? Why are banks allowed to charge practically unlimited interest despite usury laws? Why are banks allowed to foreclose on millions and millions of homes? Why are banks allowed to ignore state laws in lieu of federal laws? Why are products made in China all over the stinking place? Why are dangerous and poisonous products being imported into America? Why is the American market so saturated with foreign products? Why was Exxon and BP not required to clean up their historical oil spills? Why is oil still being used when such vast and wonderful alternatives are all around us? Why is the media lying and misinforming us at every turn, supporting government in every way?

All of these questions are answered by this simple realization…

Government owns it all!!!

Government is in a direct conflict of interest by being major majority shareholder (owner) of all significant corporations, both foreign and domestic.

The following is the New York Pension System holdings in major corporations around the world in 2009. This incomplete list and a 2010 list can be downloaded here:

http://www.osc.state.ny.us/retire/about_us/annual_report_2010/index.php

I challenge you to find a company this government doesn’t own stock in!

-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=

Company                                   # of shares            Market Value 2009

–Oil and Energy–

Exxon Mobil Corp                           18,125,534              1,234,348,865
Chevron Corp                                    7,698,784                  517,666,219
ConocoPhillips                                 6,003,030                 235,078,655
Schlumberger Ltd                            4,624,733                  187,856,654
BP plc – Sponsored ADR                   202,055                      8,102,406
Royal Dutch Shell plc – A                1,816,523                   40,904,335
Royal Dutch Shell plc – A               2,842,162                   63,886,007
Royal Dutch Shell plc – A                    84,900                      3,761,070
Royal Dutch Shell plc – B                     35,812                       1,561,761
Royal Dutch Shell plc – B                1,553,412                   34,088,987
American Electric Power Co Inc    1,785,207                   45,094,329
PG&E Corp                                         1,249,975                    47,774,045
Questar Corp                                        802,950                   23,630,819
Occidental Petroleum Corp             2,913,414                  162,131,489
Walter Energy Inc                                188,400                    4,308,708
Rio Tinto Ltd                                         136,488                     5,364,638
Rio Tinto plc                                          352,517                    11,874,086
Praxair Inc                                           1,153,745                   77,635,501
Marathon Oil Corp                           2,683,221                   70,541,880
Southwest Gas Corp                            129,220                     2,722,665
Southwestern Energy Company    1,532,452                   45,498,500
National Oilwell Varco Inc             1,757,094                   50,446,169
National Fuel Gas Company             290,140                     8,898,594
Murphy Oil Corp                                 849,129                    38,015,505
Petro-Canada                                        315,730                     8,499,603
Petro-Canada                                         49,900                      1,326,342
Petrohawk Energy Corp                       60,100                       1,155,723
Petrol Ofisi A.S.                                   268,128                          612,205
Petroleo Brasileiro – ADR                     2,330                            70,995
Petroleo Brasileiro S.A. – ADR          88,940                      2,179,030
El Paso Corp                                     2,900,913                    18,130,706
El Paso Electric Company                 104,540                      1,472,969
Petroleum Development Corp            32,465                         383,412
Petroplus Holdings AG                       118,882                     1,673,894
Petroquest Energy Inc                         88,900                         213,360
FirstEnergy Corp                               1,146,792                   44,266,171
Diamond Offshore Drilling Inc         324,678                  20,409,259
Frontier Oil Corp                                  721,302                     9,225,453
Forest Laboratories Inc                   1,580,235                   34,701,961
Forest Oil Corp                                     367,300                    4,829,995
Gulfmark Offshore Inc                         28,900                        689,554
Gulfport Energy Corp                            11,000                          25,520
Gas Natural SDG                                   116,361                     1,589,728
OGE Energy Corp                                385,853                      9,191,018
Oil & Natural Gas Corp Ltd                547,011                      8,411,905
Oil Search Ltd                                    2,186,952                    7,992,540
Cairn Energy plc                                   475,999                  14,839,441
Oil States International Inc               188,040                    2,523,497
Electricite De France (EDF)              505,068                  19,805,545
Gaz De France                                       863,514                  29,636,703
Scottish & Southern Energy plc          511,473                    8,130,299
Tokyo Electric Power Company         359,150                    8,945,115
Tokyo Electron Ltd                               363,650                  13,401,701
Tokyo Gas Company                         2,375,746                    8,298,394
China Petroleum Chemical             3,982,000                   2,548,480
China Power Int Dvlp Ltd               6,012,000                     1,194,643
China Coal Energy Company             416,000                       307,035
China Oilfield Services                        212,000                        167,685
China Shenhua Energy Co                  341,000                       768,240
Chiyoda Chemical Engineering         935,400                    4,962,535
Chubu Electric Power Co Inc              241,917                     5,314,973
Shanghai Electric Grp Co Ltd      12,052,000                    3,467,866
Shinsei Bank Ltd                               1,450,154                      1,453,531
Nissan Chemical Industries Ltd          41,500                        344,958
China Coal Energy Company – H     416,000                        307,035
Hong Kong & China Gas Co Ltd    5,485,330                     8,649,127
Hong Kong Electric Holds Ltd      3,200,500                   18,996,516
Mitsubishi Electric Corp                 3,036,548                   13,557,939
Mitsubishi Gas Chemical CO Inc          4,000                          17,009

–Automobile Industry–

General Motors Corp                       1,869,290                    3,626,423
Ford Motor Company                      7,547,012                   19,848,642
Toyota Motor Company                  1,764,412                    55,735,197
Toyota Industries Corp                       177,163                      3,757,786
Toyota Tsusho Corp                           143,200                       1,371,542
Honda Motor – ADR                         188,000                     4,455,600
Honda Motor Company                 1,297,926                    30,421,167
Mazda Motor Corp                             715,000                       1,187,203
Nissan Motors Japanese Ord       4,282,864                     15,176,697
Mitsubishi Corp                                  859,769                     11,185,615
Mitsubishi Motors Corp                    271,000                         342,969
Hyundai Motor Company Ltd           30,860                      1,238,193
Volvo AB – A Shares                             81,950                         434,170
Volvo AB – B Shares                           183,135                         968,031
Volkswagen AG                                     21,483                     6,560,285
Volkswagen AG – Preferred               16,006                         921,026
Harley-Davidson Inc                          796,512                   10,665,296
Yamaha Corp                                         42,813                         414,823
Yamaha Motor Company Ltd          184,000                     1,630,050
CarMax Inc                                       1,128,900                    14,043,516
Advance Auto Parts Inc                    492,883                   20,247,634

–Pharmaceuticals and Healthcare–

Abbott Laboratories                      5,864,256                  279,725,011
Baxter International Inc               2,975,728                  152,416,788
Bayer AG                                             799,730                   38,861,936
Pfizer Inc                                      26,880,813                  366,116,673
Eli Lilly & Company                     3,904,933                  130,463,812
Merck & Company Inc                  7,814,727                 209,043,947
Merck KGaA                                       159,294                    14,041,129
Teva Pharmaceutical Ind Ltd         613,430                   27,635,022
Bristol-Myers Squibb Company 8,358,967                 183,228,557
Metlife Inc                                        3,135,011                   71,384,200
Colgate-Palmolive Company        1,968,159                 116,082,018
Bristol-Myers Squibb Co              8,358,967                 183,228,557
Roche Holding AG – Genuss          930,152                   127,777,796
Roche Holdings Ltd – ADR              49,000                      1,682,807
Gilead Sciences Inc                       3,936,647                 182,345,489
Glaxosmithkline plc                      6,465,941                 100,789,027
Glaxosmithkline plc – ADR              32,400                     1,006,668
Novartis AG – ADR                           145,280                     5,495,942
Novartis AG – Regular                 2,664,079                 100,935,336
Noven Pharmaceuticals Inc            452,987                      4,294,317
Amgen Inc                                       4,272,238                  211,561,226
Sanofi-Aventis                                2,421,930                 136,276,979
Sanofi-Aventis – ADR                        81,400                     2,273,502
Astrazeneca                                          22,055                         773,644
Astrazeneca plc                               1,833,135                   64,400,614
Astrazeneca plc – Spons. ADR         123,711                      4,385,555
3M Company                                   2,536,317                  126,105,681
UnitedHealth Group Inc              4,777,620                   99,995,587
Tenet Healthcare Corp                 2,636,132                      3,057,913
Pharmaceutical Prod Dvlpmt Inc  678,871                    16,102,820
Pharmerica Corp                                 98,534                      1,639,606
Humana Inc                                       930,895                   24,277,742
St Jude Medical Inc                        1,575,296                  57,230,504
AMN Healthcare Services                125,274                        638,897
American Medical Sys Holds. Inc  259,590                    2,894,429
American Physicians Capital Inc     26,420                     1,081,106
Watson Pharmaceuticals Inc          470,779                   14,645,935
RehabCare Group Inc                         92,232                    1,608,526
Reinsurance Grp of America Inc    522,133                   16,911,888
Univ Health Serv Inc – Class B       203,950                    7,819,443
Basilea Pharmaceutica                       48,480                    3,027,202
Savient Pharmaceuticals Inc             91,058                        450,737
Nationwide Health Propts Inc        375,204                    8,325,777
National Health Investors Inc           12,700                        341,249
Natus Medical Inc                                77,400                       658,674
Chugai Pharmaceutical Co Ltd       290,158                    4,876,605
Shire Pharmaceuticals Group         277,100                    9,958,974
Health Care Reit Inc                         393,735                  12,044,354
Health Mangmnt Asc Inc – Cls A   797,100                    2,056,518
Health Net Inc                                   409,340                    5,927,243
Healthcare Realty Trust Inc              28,015                        419,945
Healthcare Services Group Inc       194,790                    2,916,006
HealthSpring Inc                               309,519                    2,590,674
Healthways Inc                                  233,425                    2,047,137
MedCath Corp                                      41,245                        299,851
Medco Health Solutions Inc       2,204,279                   91,124,894
Medical Properties Trust Inc          125,700                       458,805
Mediceo Holdings Company Ltd     56,700                       603,338
Medicines Company                             5,400                         58,536
Medicis Pharma Corp – Class A    370,640                    4,584,817
Medtronic Inc                                4,208,522                124,025,143

–Banks and Investments–

Morgan Stanley                              4,301,770                   97,951,303
Goldman Sachs Group Inc/The   1,961,585                207,967,242
Goldman Sachs Ssga Em Mrkts  8,934,287                102,501,423
Wells Fargo & Company             16,257,120                 231,501,389
Bank of America Corp                 23,819,237                 162,447,196
Citigroup Inc                                 18,601,505                  47,061,808
Citigroup Inc Depository Shares    199,368                    3,046,343
American Express Company       4,249,664                  57,922,920
American Financial Group Inc       492,854                    7,910,307
Visa Inc – Class A                              390,400                 21,706,240
Mastercard Inc – Class A                 306,830                 51,387,888
Zions BanCorp                                   558,029                   5,485,425
Fifth Third Bancorp                       2,678,672                    7,821,722
Fannie Mae                                             6,000                           4,200
Freddie Mac                                            6,100                            4,636
Hartford Financ Serv Grp Inc      1,099,070                   8,627,700
Hudson City Bancorp Inc             2,946,851                 34,448,688
Western Union Company             2,656,147                  33,387,768
Siemens AG                                         757,252                  43,473,647
Experian Group Ltd                        1,034,174                    6,474,091
Equifax Inc                                           626,161                  15,309,636
Equinix Inc                                             13,800                       774,870
State Street Corp                             1,867,120                  57,469,954
People’s United Financial Inc      1,234,207                  22,178,700
Fidelity Nat Financial Inc – Cls A  839,867                  16,385,805
Fidelity Nat Info Services Inc          657,748                   11,971,014
Westpac Banking Corp                     298,305                   3,956,638
Axis Bank Ltd                                      191,458                     1,565,891
Discover Financial Services          1,874,548                  11,828,398
Softbank Corp                                 3,664,300                 46,596,748
Solera Holdings Inc                           556,652                  13,793,837
Signature Bank                                   210,333                    5,937,701
HSBC Holdings plc                        8,349,382                  47,271,967
HSBC Holdings plc                        1,389,200                    7,645,081
HSBC Holdings plc – Rights            893,766                   1,806,322
Royal Bank of Canada                       169,300                   4,949,214
Royal Bank of Scotland                 6,330,271                   2,223,006
Royal Bank of Scotland, Rights   6,427,941                                 -0-
Allied Irish Banks                            1,216,447                      969,046
National Australia Bank                1,406,252                 19,638,984
Aust & New Zealand Bank Group   701,045                    7,671,606
Commonwealth Bank of Australia    19,794                       477,637
National Bank of Canada                  161,300                    5,161,497
National Bank of Greece                  102,386                     1,551,051
Deutsche Bank AG – ADR                    9,800                      398,370
Deutsche Bank AG – Registered     654,969                26,888,105
Credit Suisse Group                        1,174,244                 35,793,762
Credit Suisse Group – Spons ADR         300                           9,147
Bank Montreal Quebec                     428,291                  11,230,235
Bank Mutual Corp                               94,860                       859,432
Bank of Baroda                                   542,734                   2,506,942
Bank of Communications             1,376,000                       955,210
Bank of Cyprus Ltd                              51,909                        157,826
Bank of East Asia                           2,605,019                    5,028,527
Bank of Hawaii Corp                         192,499                    6,348,617
Bank of India                                      934,270                   4,040,186
Bank of New York Mellon Corp  4,420,585                124,881,526
Credit Agricole S.A.                            311,625                    3,439,044
Credit Saison Company                       14,918                        144,241
Bank of Nova Scotia                          149,900                     3,701,779
First Bancorp Puerto Rico                143,010                       609,223
Bank Yokohama Ltd Japan Ord     903,100                    3,821,968
Hiroshima Bank Ltd/The                   13,000                         49,357
Bank of Kyoto Ltd/The                       73,000                       614,924
Osaka Gas Company Ltd               2,035,146                   6,346,309
Bank of China Ltd – H                   8,527,000                   2,827,663
Ind Comm Bank of China Ltd      4,464,000                   2,321,280
China Citic Bank – H                        484,000                       182,983
China Construction Bank – H      4,331,000                   2,458,890
China Merchants Bank – H             283,000                      494,428
Shizuoka Bank                                    183,000                    1,637,866
Shinsei Bank Ltd                             1,450,154                     1,453,531
Chiba Bank                                          176,500                       866,685
Cheung Kong (Holdings)              3,376,000                  29,077,161
Hang Seng Bank Ltd                         328,500                    3,308,313
Hanmi Financial Corp                        55,300                           71,890
Mitsubishi UFJ Financial Grp     6,409,847                 30,890,829
Mitsubishi UFJ Lease & Fin Co Ltd    1,600                          33,370
Bangkok Bank                                    554,400                      1,172,424
Bangkok Bank Public Co Ltd          446,200                         937,316
Siam Comm Bank Public Co Ltd    376,900                         579,192
Malayan Banking Berhad                802,525                         849,745
Malayan Banking Berhad – Rights  361,136                                 -0-
Blackrock Inc                                           7,135                         927,835
Blackstone Group Lp/The             1,289,215                     9,346,809
Zurich Financial Services                      9,387                     1,486,829
Aetna Inc                                           1,881,924                   45,787,211
Cincinnati Financial Corp                 736,150                   16,835,751
First American Corp                           496,770                  13,169,373
First Bancorp Puerto Rico                 143,010                       609,223
First Cash Financial Services Inc      48,800                       728,096
First Commonwealth Finan Corp   394,940                     3,503,118
First Financial – 144A GDR                 48,113                       444,083
First Financial Bancorp                        62,100                       591,813
First Financial Bankshares Inc           54,475                    2,624,061
First Financial Holding Company   978,455                        451,546
First Financial Holdings Inc               23,950                       183,218
First Horizon National Corp              766,191                  8,228,888
First Mercury Financial Corp            213,900                  3,088,716
First Midwest Bancorp Inc                280,825                   2,412,287
First Niagara Financial Group Inc   414,400                   4,516,960
First Potomac Realty Trust                  75,284                      553,337
First Quantum Minerals Ltd                 6,400                      180,583
First Solar Inc                                        39,400                   5,228,380
Discover Financial Services            1,874,548                 11,828,398

–The Media–

Walt Disney Company/The             7,975,404               144,833,337
News Corp – Class A                          7,746,798                 51,283,803
Time Warner Cable Inc                     1,476,825                 36,625,251
Time Warner Inc                               4,885,448                 94,289,152
CBS Corp – Class B                            3,518,760                 13,512,038
General Electric Company              39,551,471              399,865,372
Sony Corp                                                811,290                 16,411,435
Sony Financial Holdings Inc                         24                       63,906
Vivendi Universal                               2,414,568               63,876,002
Viacom Inc – Class B                         2,363,387                41,075,666
Discovery Commun Inc – Series A       79,244                  1,269,489
Discovery Commun Inc – Series C       78,831                   1,154,874
Marvel Entertainment Inc                    175,800                 4,667,490
Comcast Corp – Class A                   10,473,672             142,860,886
Comcast Corp – Special Class A            20,259                     260,733
DreamWorks Anim SKG Inc – A        285,700                  6,182,548
DISH Network Corp – Class A             475,200                 5,279,472
DIRECTV Group Inc/The                 2,048,939               46,695,320
Dolby Laboratories Inc – Class A         419,110                14,295,842
British Sky Broadcasting                   3,626,650               22,534,452
Deluxe Corp                                            263,202                  2,534,635
Warner Music Group Corp                     16,700                       39,245
Virgin Media Inc                                    280,696                  1,347,341
New York Times Company/The          356,178                  1,609,925
Cinemark Holdings Inc                         373,718                  3,509,212
Hitachi Ltd                                           5,368,600               14,458,313
Fujifilm Holdings Corp                         378,094                  8,134,553
Netflix Inc                                                225,586                  9,682,151
NETGEAR Inc                                           68,745                     828,377
Gamestop Corp – Class A                      913,536                25,597,279
Ticketmaster Entertainment Inc           74,000                    273,060
Tokyo Broadcasting System Hold Inc  18,900                     247,612

–Food and Beverage–

Monsanto Company                           2,280,249            189,488,692
General Mills Inc                                  1,369,515               68,311,408
H.J. Heinz Company                            1,255,221               41,497,606
Hershey Company/The                          609,148               21,167,893
ConAgra Foods Inc                               1,997,457               33,697,100
Dr Pepper Snapple Group Inc              865,369               14,633,390
Coca-Cola West Japan                               3,500                       55,847
Coca-Cola Amatil                                      42,075                     253,456
Coca-Cola Company/The                   7,633,116              335,475,448
Coca-Cola Enterprises Inc                  1,613,637                21,283,872
Pepsi Bottling Group Inc/The              756,262                16,743,641
PepsiAmericas Inc                                  349,239                 6,024,373
Pepsico Inc                                            6,512,462             335,261,544
Groupe Danone                                       231,868                11,285,823
Nutrisystem Inc                                        59,400                     847,638
AES Corp/The                                      2,510,794                14,587,713
Cracker Barrel Old Cntry Store Inc       50,067                  1,433,919
McDonald’s Corp                                4,406,583             240,467,234
Wendys/Arbys Group Inc – Class A 1,743,327                 8,768,935
Safeway Inc                                           2,981,340              60,193,255
Cosco Corp Singapore Ltd                    320,000                    172,609
Cosco Pacific Ltd                                  1,704,000                1,682,013
Smiths Group plc                                  1,327,512               12,729,661
Tesco                                                     12,932,819              61,803,212
Smithfield Foods Inc                              489,493                4,630,604
Smucker (J M) Company/The              545,201               20,319,641
Darden Restaurants Inc                         527,787               18,081,983
Yum! Brands Inc                                   2,110,315               57,991,456

–Telecom/Cellphone–

AT&T Inc                                             22,256,707            560,869,016
Verizon Communications Inc          10,831,468            327,110,334
Sprint Nextel Corp                                9,777,244             34,904,759
Motorola Inc                                          9,547,354             40,385,307
Qwest Communications Int Inc         4,735,734              16,196,210
Vodafone Group plc – Spons ADR        109,595                1,909,145
Vodafone Group plc New                 56,080,988            98,670,972
Samsung Electronics Company Ltd          4,489               1,843,305
Ericsson LM Tele Co – Spons ADR       126,820               1,025,974
Ericsson LM Tele Co – B Shares         7,402,571            60,439,750
Nokia Oyj                                               2,005,360             23,643,146
Nokia Oyj Corp – Sponsored ADR         151,200               1,764,504
Manitoba Telecom Services Inc              38,800                  985,304
Singapore Telecommun Ltd             23,712,699              39,463,971
France Telecom S.A.                             4,161,013              94,746,495
Deutsche Telekom AG – Registered 5,484,668             68,232,281
Tele Norte Leste Part – ADR                   770,711             10,666,640
Tele2 AB – B Shares                                   66,884                  562,268
Telecom Corp of New Zealand           3,833,489               4,988,558
Telecom Egypt                                          133,000                   350,087
Telecom Italia – RNC                           1,380,285                1,404,691
Telecom Italia S.p.A.                           11,019,457              14,206,248
Telecommunication Sys Inc – Class A  411,900                 3,777,123
Teleflex Inc                                                144,400                5,644,596
Telefonica S.A.                                      5,056,407            100,835,142
Telefonos De Mexico                            1,746,900                1,326,618
Telefonos De Mexico S.A. – ADR         294,600               4,430,784
Telekom Austria                                    1,067,724              16,160,836
Telekom Malaysia Berhad                   1,383,000               1,335,389
Telekomunikacja Polska S.A.                   48,243                   257,585
Telekomunikasi Tbk PT                       1,385,900                  905,543
Telemig Celular Participacoes – ADR       1,959                     69,819
Telenor ASA                                           3,379,464              19,269,466
Telephone & Data Systems Inc             392,880              10,415,249
Teletech Holdings Inc                             533,062               5,805,045
Television Francaise (T.F.1)                     42,095                  329,804
Teliasonera AB                                      1,050,823               5,033,396
Telkom South Africa                                  74,690                  828,501

–Other Corporations of Note–

Diebold Inc                                        234,830              5,013,621
Halliburton Company                          3,077,890              47,614,958
Raytheon Company                               1,727,827              67,281,583
Hewlett-Packard Company                9,304,769            298,310,894
Home Depot Inc/The                          7,208,920             169,842,155
Fedex Corp                                             1,230,967               54,765,722
Allstate Corp/The                                 2,187,843               41,897,193
Amazon.Com Inc                                   1,316,841              96,708,803
Macy’s Inc                                              1,568,938               13,963,548
Sears Holdings Corp                                213,759                 9,770,924
Procter & Gamble Company/The   10,837,108              510,319,416
Johnson & Johnson                           10,447,583             549,542,866
Du Pont (E I) De Nemours & Co       3,521,463               78,634,269
Dow Chemical Company/The          4,280,075                36,081,032
Dun & Bradstreet Corp/The                 207,093                15,946,161
Staples Inc                                              2,512,085               45,493,859
Alcoa Inc                                                  3,117,832              22,884,887
Canon Inc                                              2,236,920               63,866,704
Canon Marketing Japan Inc                   35,500                     498,157
Hitachi Ltd                                           5,368,600                14,458,313
Caterpillar Inc                                       2,111,648                59,041,678
H&R Block Inc                                      1,177,370                 21,416,360

–Computers and Internet–

Microsoft Corp                                  28,680,246              526,856,119
Apple Inc                                               3,324,449             349,466,079
Texas Instruments Inc                       5,083,728                83,932,349
Google Inc – Class A                               974,378              339,142,007
Yahoo! Inc                                              5,126,172                65,666,263
Yahoo! Japan Corp                                      4,716                   1,235,222
Intel Corp                                            22,345,858             336,305,163
Dell Inc                                                    7,713,130                73,120,472
International Business Mach Corp  5,099,897              494,129,020
McAfee Inc                                                758,725                 25,417,288
Palm Inc                                                    401,500                  3,460,930
Oracle Corp                                         13,566,613               245,148,697
Oracle Corp Japan                                  192,600                   7,253,944
NVIDIA Corp                                        2,001,337                 19,733,183
Advanced Micro Devices Inc             1,847,932                   5,636,193
Cisco Systems Inc                             23,320,806              391,089,917
Intuit Inc                                               1,339,099                 36,155,673
Microchip Technology Inc                    756,250                16,024,938
Micron Technology Inc                      3,774,261                  15,323,500
Micros Systems Inc                                235,060                  4,407,375
Casio Computer Japanese Ordinary     91,200                      639,887
Electronic Arts Inc                               1,162,420                 21,144,420
Activision Blizzard Inc                           961,705                 10,059,434
THQ Inc                                                     123,910                      376,686

–Alcohol, Coffee, and Cigarettes–

Starbucks Corp                                     2,453,460                 27,257,941
Peet’s Coffee & Tea Inc                             23,620                      510,664
Green Mntain Coffee Roasters Inc      272,425                 13,076,400
Imperial Tobacco Group plc              1,426,448                32,038,870
Philip Morris International Inc         6,731,683               239,513,281
British American Tobacco                   1,137,258                 26,293,331
Lorillard Inc                                             568,189                 35,079,989
Reynolds American Inc                         582,000                20,858,880
Altria Group Inc                                   6,925,183                110,941,432
Molson Coors Brewing Co – Class B   568,782                 19,497,847
Anheuser-Busch InBev Npv                  709,929                 19,553,671
Anheuser-Busch InBev – Strip VVPR 225,008                             896
Seagrams (is owned by Vivendi Universal)  (See Media Listing)
Boston Beer Co Inc/The – Class A          21,950                     457,877
Brown-Forman Corp – Class B              391,530               15,203,110
Castle A. M. & Company                          39,400                     351,448
Constellation Brands Inc – Class A      768,209                  9,141,687
Diageo plc                                                  907,367               10,229,018
Fortune Brands Inc                                  715,098               17,555,656
Heineken Holding Nv – Class A            386,719                9,390,942
Heineken Nv                                            206,448                 5,865,762
Pernod Ricard S.A.                                  353,388               19,694,387

–The Stock Market (corporations)–

NYSE Euronext                                     1,044,464                 18,695,906
NASDAQ OMX Group Inc                     539,840                 10,570,067
Moody’s Corp                                            769,534                  17,637,719
Barclays plc                                             1,278,276                    2,711,681

–Airlines–

Continental Airlines – Class B                313,800                 2,764,578
Southwest Airlines Company              3,345,891                21,179,490
Delta Air Lines Inc                                      16,000                      90,080
JetBlue Airways Corp                               745,342                 2,720,498
Airtran Holdings Inc                                470,680                  2,141,594
Alaska Air Group Inc                                 191,600                3,366,412
All Nippon Airways                                      11,000                      42,989
British Airways                                          398,483                    804,201
Air China Ltd – H                                     446,000                     143,871
Japan Airlines Corp                                  176,000                     356,384
Singapore Airlines Ltd                             347,540                  2,286,147
Cathay Pacific Airways                            702,000                      697,471
Qantas Airways Ltd                                  220,300                     267,097
Ryanair Holdings plc – Spons ADR      298,400                6,896,024
Auckland International Airport Ltd         34,621                       33,789
Priceline.Com Inc                                       231,150               18,209,997

.

For more information on the Comprehensive Annual Financial Report, government wealth through investment, and this complete conflict of interest of government, please visit the following sites:

http://thecorporationnation.com/

https://realitybloger.wordpress.com/

http://cafr1.com/

http://cafrman.com/

.

Clint Richardson (realitybloger.wordpress.com)

Friday, May 6, 2011