All posts tagged Comprehensive Annual Financial Reports

Waking Up Is Hard To Do

Nowadays it seems that conspiracies are around every corner, with organized crime in government running rampant before our very eyes. The media reports much of this to the people, but only in the context of information awareness and not solutions to the problems or punishment for the crimes revealed. The best laid plans while once secret are now in the wide open for all to see. Law is lawless as government is exempt from its own written laws. So government has license to commit illegal acts – a license being permission to commit acts which would otherwise be unlawful. Thus, as these conspiracies and tyrannies get exposed to the masses, the masses feel angry for a while and then enter into the hopeless feeling that nothing can be done to stop the conspiracy and tyranny.

And in my humble opinion this is the purpose of the media – exposure without solution as the revelation of your personal enslavement becomes fully and legally disclosed. After all, if ignorance of the law is no excuse, then the lawmakers better start exposing themselves as tyrants under color of law.

I would not wholly blame the “mainstream” media for this phenomenon, and would point to the shock-jocks in the so-called “truth movement” as equally guilty and perhaps purposefully so. For instance, the most common theme and question from callers to shows such as “Infowars” revolves around how to fix the problems and information presented by Alex Jones and guests as entertainment over the airwaves, to which the usual four responses are 1) hang up, 2) use ad hominem or other fallacious attacks on the caller and change subjects, 3) ramble on about nothing in particular until the audience forgets the question, and 4) go to commercial break to sell survival products to the psychologically frightened and predictive programmed listeners.

Whether the likes of Jones are “agents” of this corporate organized crime syndicate playing the part of propaganda ministers of information, opposition control, and gatekeepers is not for me to say, as I can only speculate on such hidden things.

But the shoe certainly fits…

And the tyrannies continue to increase and fester even as they are exposed without solutions to stop them; the people coming to “love their servitude” as Aldous Huxley so eloquently stated.

Thus, the group-think mentality is preserved while individual men are powerless to act on their own behalf through their perceived dependence on the group and lack of personal knowledge – the true power of the individual man vanquished with the belief that the activist group can get bigger and eventually prevail, even without knowing where to begin.

This, sadly, is the “movement” – an unorganized conflagration of loosely organized local groups who operate on the fallacy and misinformation provided by the mainstream and alternative medias without legal knowledge of how to stop the very thing they are asking others to wake up to and fight. And through the creation of “social media” their efforts are wasted in the artificial construct of the Internet Matrix – a symbol of reality digitally presented by the corporate power elite to pacify and entertain; maintaining the anger and ultimate frustration of an entire sub-culture within a tightly corked artificial bottle and restraining any real action or solution within as the real world and government carries on without legal challenge.

And the people posit the unending question… Why can’t WE get anything done to change this?

Ironically, the answer to this question lays within the question itself.

We…

Perhaps it is the strange but understandable fallacy that just because Alex Jones is talking about the problems on his holy pedestal of a radio show or making a viral video about tyranny, everything will be just fine. As long as our false heroes are on the job, we don’t need to do anything at all. Someone somewhere will take care of it… right?

Sure, just keep waking up the sheep to listen and buy more products…

But of course there is no Batman. There is no Superman, Aquaman, Spiderman, or Wonder Woman. And there is no Alex Jones. These are all fictional characters. For underneath these costumes are good taxpaying citizens. In fact, there are no heroes at all. The only man or woman that is able to be a hero is you, the individual, for you are the only man that can stand up for your own rights. No one else can.

And this is the missing link…

It is almost a cruel practical joke to keep fractionally waking up the sleeping slaves of America from the Matrix without giving them any tools to fight their own enslavement. Realization is just the first step; a glimpse into reality – not full wakefulness. And most are funneled immediately into the confusing and dead-end world of shock-jock radio where self-realization will never happen.

There are many levels one must go through to truly wake up. And information presented by “Infowars” is just the lowest common denominator – an arrogant level of gullibility and useful innocence leading to the spreading of purposeful ignorance and fallacy to others, creating an army of promotional zombies ready to dish out whatever mother Jones and other social media leaders produce. And the profits for these prophets are incredible!!!

And all of this relies on control of the perceptions of the group.

In short, from the flock a black sheep is created. But a black sheep is still a sheep. The only difference is that the black sheep gather under a different shepherd’s flock, never realizing their true potential and power as they graze among wolves in sheep’s clothing.

Eventually, if one can escape the barriers of this patriot entertainment empire, the waking up process leads one beyond this false-truth movement and into a stage of self-awareness. At this point a “person” realizes that he has been conned into acting as an artificial person, and begins to recognize that he is nothing more than an educated sheep still under the control of other men and their corporations – a house slave if you will. The realization of self (that a man is not a person) generally brings one back towards the path of true knowledge, escaping the clutches of prophets for profit who control the information in the Infowar and within the Prison Planet. This is the point where the gate of the gatekeepers is visible, and the realization that knowledge is the key to opening that gate becomes paramount.

The journey through that gate is a difficult one, filled with yet more obstacles and gurus who seek to guide your journey for a nominal fee. This is a time for great learning of self evident truths never before realized, though so obvious that before they should have bitten your wool-covered ass. As one begins to realize themselves as a dualistic character in a well-scripted play, one begins to separate the man from the machine. The artificial person (STRAWMAN) begins to be perceived as the ultimate tool of your voluntary enslavement, and the unilateral contractual nature (agreement) of everything comes into view. The language of the law society is realized and the important distinction of legal verses conversational words becomes a critical part of the communication process. Of course, government doesn’t listen to the people (body politic) simply because the are speaking conversationally! And as the words of government are legally defined, the practical joke of “freedom” starts to become unraveled for what it is – abeyance of laws and being “free” to contractually and forcibly obey the legal code of a tyrannical government. And as these revelations become more frequent; that all you have been indoctrinated to believe is false… and as facts, reason, and logic take precedent over the system of beliefs and fallacy that guides the nation, it leads to the singularity of the next stage of this process of “waking up”.

–=–

–=–
Government can only recognize, speak to, and attack your artificial person.
A man must stop commercially operating in this capacity to be free.
He must cut the puppet strings and be unrecognizable to government.

–=–

This next phase is the much more advanced state of “self-actualization”. At this point, one is able to not only know and realize himself as an individual man instead of a person (corporate slave), but to also act as a man in all things – to never be tricked into using the artificial construct of the Matrix – the person. To know is not to be. To be is to act correctly in what you know. One becomes at all times living, never artificial, and individual consent will never be presumed because one speaks the correct legal language and never accepts the rights offered by any political or artificial thing (government). Walking the walk as a free man as opposed to talking the talk as a slave-person is the final process of waking up, attained by the few who surpass the traps and snares of the group-think “movements” and alternative media to become self-actualized.

The true “info-war” is in the prevention of this gnostic application of self-actualization from becoming common knowledge – thus the promotion of the group in class-actions dominates the full spectrum of the media. For the power of one man is far greater than anything imaginable, and the power of many men acting independently with this knowledge in self-actualization would be the greatest army ever beheld by any tyrannical power of government.

And the “consent of the governed” would disappear, for the group mentality that is “the governed” would indeed disappear.

Only a group can be governed, and this requires equal rights and equal representation. All separate individuals must be made into one person (corporation) called the “body politic”, and the rights of this one person (corporation) can then be “represented” by a few men in power. The citizens of the United States are just that – a single entity of individual men whose individual powers and voices have been ripped away from them in order to make over 300 million individual voices and opinions into the one consensual and agreeing voice of “government”.

This is the true power of government – the consent of the body politic of citizens as one voice. It is a voice controlled by middle-managers called “congressmen” and “representatives” that speak on behalf of the group body politic (the single voice of the many citizens) in protections of both the continuity of government and of the corporations it allows to be and profit from. This symbiotic industrial complex is in full force, and is protected by the security guards of municipal corporation government called “police” and “military”. They protect corporations from people. They protect government from people. And they serve the people by serving them with government and corporation legal notices and demands and enforcing those legal documents to the death. The Sheriff is there to ensure that homes are foreclosed and sold in accordance with the false and illicit claims of fraudulent banks, serving notice to the homeowner to leave their homes so the bank can sell the home. And all of this stems from a single agreement made with the bank under fraud… but with permission from government that makes it “legal”.

And we pay taxes for the right to be beaten up and extorted by these security guards of government. We pay their salaries and purchase them new SUV’s and assault weapons to protect themselves and their municipal corporations employers from us, the people.

But the self-actualized man pays no unjust tax, for he knows that he is not a legal and artificial “taxpayer”. He accepts no political rights that harm his own natural rights, including the right to be taxed. The understanding of the difference between these two forms of rights is what makes a man aware of his or her natural self, and the application of these rights is what makes him or her self-actualized.

A free man can not be a citizen. A free man cannot be a Sovereign. A free man cannot be a person. A free man can only be a man with no title, status, or benefit.

One of the most important factors in “waking up” is the realization that only the self has power over the self. With this comes the carnal understanding that from the beginning of time through to the “revolutions” that supposedly formed this country and began the “hippie” and “sexual” revolutions, as well as all other aspects of change that have happened in history, have all been controlled by very powerful groups of men who sought to gain more control over the “body politic” as a flock of sheep.

In this revelation, the realization that the concept of revolution can only really occur within the individual and his or her perceptions is key. When a group of people all follow the same new ideal this is not a revolution. Indeed, it is the sound of the tractor delivering more hey to the flock of sheep. Revolution is the alteration of the controlled evolution of government policy or the end of government all together. So it is with great laughter that we call the defending of this United States government a “Revolutionary War”. For it is the very entity which enslaves us. And yet we inexplicably worship the “charters of freedom” called the “constitution”; a charter being a document birthing a corporation, and freedom being the state of forced compliance to the corporation’s legal codes. We even refer to this legal document as “organic”, though it did nothing but create an artificial corporation.

Jan Irvin of Gnostic Media just posted a collaborative effort with Joe Atwill that I highly recommend. For the controlled revolutions of the 60’s and 70’s were the very cornerstone of creating the social media that you are participating in right now, as you are reading my writing. Of course, as the perceived revolution is happening now, it is taking place within this social media construct and not in the real world that controls said construct. Unfortunately, the master control apparatus is safe as long as the people never perceive the puppet-master’s hand…

Link–> http://www.gnosticmedia.com/manufacturing-the-deadhead-a-product-of-social-engineering-by-joe-atwill-and-jan-irvin/

And for further consideration, this series entitled “INSIDE THE LC” is a must read if you are a music fan, music being a mainstay tool of controlled revolution…

Link–> http://www.davesweb.cnchost.com/index.html

To that end, I can only hope that the current state of humanity does not continue down this insidious path to group control and forced compliance to evermore constricting political rights. The process of waking up has nothing to do with following others or holding up signs, and everything to do with becoming who you are and KNOWING and protecting your own rights from being usurped by government imposed rights. This is a voluntary process. Waking up means that most forms of entertainment (and yes activism is mostly entertainment unless actualized) are no longer appealing to mankind as their true nature becomes apparent, and that no matter how appealing it was you can never be plugged back in to that Matrix. There is no going back to sleep! There are no rewards or accolades, and in fact the use of government printed and copyrighted money is finally realized as the root of all enslavement as an enforceable contract requiring adherence to government rules in commerce – called “legal tender”.

And in the end, the civil death of the artificial person is the only way to become a free man. And when and if the day comes that free men are no longer the small minority and the power of group consent and majority rule is withdrawn, natural prosperity of a natural people shall rule the land.

–Clint Richardson (Realitybloger.wordpress.com)
–Monday, May 13th, 2013

14 Comments

by realitybloger on May 13, 2013 • Permalink

Posted in How To Be Free, STRAWMAN

Tagged america is bankrupt, attorney take oath to bar in england, attorneys oath to the bar, Common Law, Comprehensive Annual Financial Reports, conspiracy, constitution, corporate personhood, Declairation of Independence, End The Fed, Fed, federal reserve, freedom from the IRS, Globalism, government corruption, Government Wealth, how banks are stealing, how to access strawman, income tax is unlawful, indentured servitude, killing your strawman, killing your strawman clint richardson, legislature, money from strawman trust, natural duty, natural rights vs political rights, new world order, religion, remedy for strawman, secure party creditor, seperating from your strawman, Strawman, strawman trust account, Taxes, The dollar, tim turner strawman, united states, what is a duty, what is my strawman, what is natural right, what is political right

Posted by realitybloger on May 13, 2013

https://realitybloger.wordpress.com/2013/05/13/waking-up-is-hard-to-do/

California Fools Californians Into Higher Taxes Again

With the help of the mainstream media and its rags, the California Public Employees Retirement System (CalPERS) is yet again using its over $233 in reported investment fund wealth to somehow claim it is in a deficit, despite having an investment return this fiscal year.

(Note here that the actual gross fund balances are generally many billions higher, and were reported as $245,848,527,000 in 2011, and $204,727,543,000 in the 2010 CAFR’s.)

USA Today put out the following story, which was of course originally printed from the false-news clearing house, Associated Press:

“SACRAMENTO, Calif. – The nation’s largest public pension fund collected a dismal 1% annual return on its investments, a figure far short of projections that will likely bring pressure on California’s state and local governments to contribute more money, officials said Monday.

The return reported by the California Public Employees’ Retirement System was well below its projected return of 7.5% for the fiscal year that ended June 30.

The investment returns are critical because taxpayers are on the hook for the difference if the pension funds fail to meet their performance targets.

“The last 12 months were a challenging period for all investors as the ongoing European debt crisis and slowing global economic growth increased market volatility and reduced equity returns,” said chief investment officer Joe Dear. “It’s a clear reminder that we must remain focused on performance, risk and internal controls in today’s financial environment.”

The fund was most impacted by a negative -7% return on global equities. Half the pension’s assets are in equities, Dear said.

The fund, known as CalPERS, runs a $234 billion pension system for more than 1.6 million state employees, school employees and local government workers…”

–=–

In this first three paragraphs we can see the entire scam played out in front of us, as told from a master story-teller who is trying to sell sunglasses to a blind man. But even a blind man should be able to read between the lines here…

So far, we have learned that the CalPERS Pension fund has earned a 1% increase in its investment portfolio, which for this year would have been over $2.2 billion dollar in gains on investments. Yes, that’s $2,200,000,000 when spelled out properly. And this is of course reported as bad news!

Why?

Simply because CalPERS did not reach its “projected” goal. It wished upon a star, and failed to reach that star. It did not lose value or money, it only failed to miss its desired gains. It still did fine, and has no problems whatsoever meeting its “obligations” to pensioners. In fact, if CalPERS liquidated all of its investments today at today’s market value it could easily pay future pension benefits for the next 15-20 years.

So what’s the problem?

That’s just it, there is no real or tangible problem. You see, governments across the country are crying broke or bankruptcy based on this type of situation – hiding assets with future liabilities, without reporting the future assets that will pay for those liabilities. With billions in assets, all of this hoopla is based on nothing more than throwing a temper tantrum because the CalPERS fund didn’t reach what it wanted to reach this year.

It’s true. Nothing bad has actually happened here, as we will see in a moment. But the government creates any excuse it can in order to collect higher taxes, or to funnel as much taxpayer money into the pension system. Case in point: here the article states that “California State and local governments (will be forced to) contribute more money“. In other words, the government wishes to keep its investment wealth untouched instead of liquidating it to pay for pension obligations to its employees. And so it will raise taxes instead, as the article states here: “taxpayers are on the hook for the difference if the pension funds fail to meet their performance targets.” Remember, taxes fund government. So government contributions means taxpayer contributions, despite the fact that taxpayers receive absolutely no benefits from the pension system, only employees of the government receive pension benefits.

Now imagine if Target, Bank of America, General Electric, or any other corporation out there forced all people in America or in an individual State or local government to pay for its private employee’s pension fund costs. How would that make you feel? Well, that is how the pension fund system works, as this article tells you.

Note here as well that the so-called “loss” on the equity value of stock and investments does not represent a loss of the actual number of stocks or investments. Just because a stock goes down in value for a 1 year period, does not mean that it will stay down. The same amount of stock is still held, and that physical equity has not changed, only this years value.

For instance, the following capital gains for 2010 and 2011 fiscal years were stated by the CalPERS pension fund in its Comprehensive Annual Financial Report:

CalPERS (2011) – $41.1 billion gain in net assets after all benefits paid.

“CalPERS reports 20.7% investment return for fiscal year“

“The California Public Employees Retirement System (CalPERS) reported a 20.7 percent return on investments in preliminary estimates for the one-year period that ended June 30, 2011.

This is our best annual performance in 14 years, said Rob Feckner, CalPERS Board President. For the second straight fiscal year, the Pension Fund exceeded its long-term annualized earnings target of 7.75 percent.”

(Source –> http://www.opalesque.com/IndustryUpdates/1880/CalPERS_reports_investment_return_for_fiscal_year188.html)

CalPERS (2010) – 13.3 % increase with a $23.2 billion gain in net assets after all benefits paid.

“The California Public Employees’ Retirement System, the largest U.S. public pension, earned a 12.5 percent return in 2010, led by gains in private equity and U.S. stocks, Chief Investment Officer John Dear said.

The $228 billion pension fund earned 17.3 percent from domestic equity and 21.5 percent in alternative investments such as private equity, Dear said today. Its real-estate portfolio lost 5 percent while its fixed-income investments gained 12 percent“.”

(Source –>http://www.bloomberg.com/news/2011-01-20/calpers-earned-12-5-return-in-2010-chief-investment-officer-dear-says.html)

–=–

Also, in 2009 fiscal year, as with all fiscal years, the Comprehensive Annual Financial Report show the following contributions from employees and separately from taxpayers (government).

Employees: $4,154,388,000

Taxpayers: $7,605,532,000

And here is a USA Today article with the headline:

“Calpers posts 16.7% gain for fiscal year“

SAN FRANCISCO (Reuters) — Calpers, the biggest U.S. pension fund, earned a 16.7% return on its investments in its fiscal year ended June 30, (2004) best returns in six years, the fund said Tuesday.

(Source –>http://www.usatoday.com/money/markets/us/2004-08-10-calpers-portfolio_x.htm)

And in 1998, CalPERS reported a record 19.5% gain in its investment portfolio. Yipee!

So the question you might be asking yourself is… Why don’t the taxpayers get a refund of all of that money they are putting into the pension system when there is a good year, when we have to be “on the hook” to support the fund with more taxpayer money in a bad year? Not that this was really a bad year, mind you.

–=–

Notice here that I am not mentioning 2008 in this list, and instead giving the reader the impression that CalPERS has gained every year in its portfolio. That is what the news does, you see, but not me. In 2008, Calpers lost a butt-load of asset value to the tune of $58.8 billion due to the financial crash of that time. This was big news of course.

The point here is that a portfolio such as this is designed to acquire as many assets as possible, knowing in advance that those assets will go up and down in the short term, but is designed for the long term. A slow year or a loss is expected every once in a while, of course, and events happen and the economy goes bad and the strengthens again. This is an established reality that any long term investor will tell you.

So let’s here what CalPERS itself says about this years portfolio:

Press Release
July 16, 2012
External Affairs Branch

CalPERS Reports Preliminary 2011-12 Fiscal Year Performance of 1 Percent

Real estate portfolio earns nearly 16 percent exceeding benchmark

SACRAMENTO, CA – The California Public Employees’ Retirement System (CalPERS) today reported a 1 percent return on investments for the 12 months that ended June 30, 2012, falling short of its benchmark that returned 1.7 percent. CalPERS assets at the end of the fiscal year stood at more than $233 billion.

The small gain – despite continued volatility in world markets and economies – was helped by improved performance of CalPERS real estate investments. Investments in income-generating properties like office, industrial and retail assets returned approximately 15.9 percent, outperforming the pension fund’s real estate benchmark by more than 3 percent.

CalPERS performance was negatively impacted by significant allocations to U.S. and international public equities.

“The last twelve months were a challenging period for all investors as the ongoing European debt crisis and slowing global economic growth increased market volatility and reduced equity returns,” said Joe Dear, CalPERS Chief Investment Officer. “It’s a clear reminder that we must remain focused on performance, risk and internal controls in today’s financial environment.”

CalPERS 1 percent return is below the fund’s discount rate of 7.5 percent, a long-term hurdle lowered recently in response to a steady decline in inflation and as part of CalPERS routine evaluation of economic assumptions. CalPERS 20-year investment return is 7.7 percent.

“It’s important to remember that CalPERS is a long-term investor and one year of performance should not be interpreted as a signal about our ability to achieve our investment goals over the long-term,” said Henry Jones, Chair of CalPERS Investment Committee…

Returns for real estate, private equity and some components of the inflation assets reflect market values through March 31, 2012 (not June 30, 2012). Final performance including the last quarter of the fiscal year will be available after asset valuations are completed.

Investment returns are based on compounded daily earnings over the year, including continuing member contributions and benefit payments, and do not precisely correspond to one-year changes in CalPERS overall portfolio market value.

(Source –> http://www.calpers.ca.gov/index.jsp?bc=/about/press/pr-2012/july/preliminary-returns.xml

–=–

In another listed report, the CalPERS system shows that “CalPERS Outperformed Its 7.5 Percent Target 13 out of the Last 20 Fiscal Years (FY 1992/93 – FY 2011/12).

–=–

So what does this all mean?

Remember, this reported bad thing of an over $2 billion gain in net assets for the fiscal year is being reported after all benefits have been paid out to the employees of this pension fund. And so there is no loss at all for the year, and this gain is all profit for the fund.

Also notice that for the last 20 years, this fund has attained an above average return on investments, 7.7% compared to the desired 7.5%. This is the wonderful aspect of the CAFR – it allows you to see previous cycles so as to not be fooled by media sound bites. Here, CalPER’s confirms the data in the financial statements that prove that this fund is wealthy beyond even the stated CalPER’s long term goals.

Simply put, this whole media frenzy was a false flag scare tactic – utilizing incomplete information for the CalPERS fiscal year report as stated by CalPERS to pre-program the people of California to accept unnecessary and unneeded increases in taxation, and all for a pension fund that will benefit the taxpayers in no way whatsoever.

We will not know the true statement of CalPERS financial situation until the Comprehensive Annual Financial Report (CAFR) is released for fiscal year 2011-2012, sometime in the next couple of months.

The problem is, most taxpayers have never heard of the CAFR, and place blind trust in their government and their media when they report such ridiculously contradiction data-sets as we have seen here from the Associated Press. And as government forces taxpayers to contribute taxpayer money into the public pension systems of the Federal, State, County, municipality, and district funds on an involuntary basis every year, the taxpayer base looses over $900 billion into the either of public pension black hole each year. This is to say nothing of what the employees of government are also forced to contribute.

If Walmart or Haliburton corporations required taxpayers to fund their pensions at no benefit to the taxpayers in any way, there would be riots in the street tomorrow.

And if they tried to get away with trying to convince the people (or for that matter the IRS) that their over $2 billion dollar gain in investments was somehow a bad thing or was somehow a loss requiring more taxpayer infusions into the Walmart or Haliburton corporate structure, there would be attorneys, accountants, CEO’s, and Board members hanging from the nearest tree…

What gives America?

–Clint Richardson (realitybloger.wordpress.com)
–Saturday, July 21, 2012

6 Comments

by realitybloger on July 21, 2012 • Permalink

Posted in Uncategorized

Tagged alex jones comprehensive annual financial report, audit, budget deficit california, cafr, cafr 2011, cafr school, cafr wealth exposed, CAFR1, california broke, california budget crisis, california pension lie, calpers 1% return on portfolio, calpers cafr, clint for president, clint richardson, commingled fund, comprehensive annual financial report, Comprehensive Annual Financial Reports, comprehensive annual financial reports exposed alex jones, corruption, financial report, government corruption, government crime, government employee retirement, government investment wealth, government pensions, Government Wealth, governor jerry brown lie, legal action, mayor, organized crime, pension fund, Pension Fund Lies, pension fund scam, property tax, public pension, reality blog, school district, special purpose fund, state pension fund, tax retirement fund, taxpayer funded pensions, teachers retirement, the biggest game in town, the corporation nation, the great pension fund hoax, treasurer, university investments, Walter Burien, walter burien cafr, water and sewer fund

Posted by realitybloger on July 21, 2012

https://realitybloger.wordpress.com/2012/07/21/california-fools-californians-into-higher-taxes-again/

CAFR SCHOOL: The Vatican Is Broke?

In a small blurb on a back page of the Salt Lake Tribune was this little gem of a story, referencing a recent Associated Press article. I laughed out loud when I read it, and I think you will too…

Link–> http://www.sltrib.com/sltrib/world/54456425-68/vatican-million-euro-deficit.html.csp

–=–

Vatican posts $19 million deficit, worst in years

By NICOLE WINFIELD
The Associated Press

First Published Jul 09 2012 01:28 pm • Last Updated Jul 10 2012 12:17 am

“Vatican City • The Vatican has registered one of its worst budget deficits in years, plunging back into the red with a (euro) 15 million ($19 million) deficit in 2011 after a brief respite of profit.

The Vatican on Thursday blamed the poor outcome on high personnel and communications costs and adverse market conditions, particularly for its real estate holdings.

Not even a (euro) 50 million gift to the pope from the Vatican bank and increased donations from dioceses and religious orders could offset the expenses and poor investment returns, the Vatican said in its annual financial report…”

–=–

Note here that we can all learn from this official statement from the Vatican in a big way. For this is exactly the same scam that all governments are claiming around the country, some even now in bankruptcy proceedings. So let’s list these similarities:

1) The Vatican is a corporation, as is each individual and Federal government entity.

2) The Vatican and government operate both in the non-profit and for-profit realm.

3) Both have an Annual Financial Report, and both have a budget report.

4) Both the Vatican and the Government have real estate holdings, as well as stock investments, foreign currency holdings, and both invest heavily into the world-wide corporate structure and fund its liquidity.

5) Both promote their debt, while hiding their investment asset balances.

6) Both have a central bank, which bails it out in moments of need, and then expects Catholics/taxpayers to pay the bill despite its liquid investment holdings.

7) Both openly lie by omission to the people of Earth, while in a position of trust, referring to a deficit while completely ignoring its investment holdings – as if these fund balances don’t even exist.

8) Both use the “depreciation” of capital assets (land holdings, buildings, etc.) to show on their financial reports a liability against other assets, in order to decrease reportable value of these investment assets.

9) Both create budgets that are falsely imploded with such things as future liabilities so as to justify its raising of taxes and its request for tithing.

10) Both create separate sub-corporations with their own financial statements as for-profit entities, but do not use those profits for the benefit of the people.

11) Both call the people “customers”, not people.

12) Both lay off employees with the excuse of budget shortfalls, still not dipping into their vast trillions in liquid investment capital.

13) AND BOTH OWN AND CONTROL THE MEDIA THROUGH STOCK INVESTMENT AND COERCION, AND USE IT TO HIDE ALL OF THIS FROM THE PEOPLE BY KEEPING THEM ENTERTAINED WITH EVERYTHING BUT THIS INFORMATION.

In this truly ironic statement by the Vatican we can see perhaps the best example ever of how a government corporation lies by the act of utter and ridiculous disassociation and nondisclosure of its true wealth. And yes, the Vatican is a corporation, and it is the government of Vatican City – as a “nation state”. It just happens to call itself a church.

Associated Press story continued…

–=–

“The Vatican said it ran a (euro) 14.9 million deficit in 2011 after posting a surplus of (euro) 9.85 million in 2010. The 2010 surplus, however, was something of an anomaly. In 2009 the Vatican ran a deficit of (euro) 4.01 million, in 2008 the deficit was (euro) 0.9 million and in 2007 it was nearly (euro) 9.1 million.

The Vatican city state, which mainly manages the Vatican Museums and is a separate and autonomous administration, managed a budget surplus of (euro) 21.8 million. That’s largely due to a spike in revenue from the museums: More than five million people visited the Sistine Chapel and other works of art in the Vatican museums last year, bringing in (euro) 91.3 million in 2011 compared to (euro) 82.4 million a year earlier.

And the Vatican could also cheer that donations from the faithful were also up last year despite the global economic crisis: Donations from Peter’s Pence, which are donations from the faithful to support the pope’s charity works, rose from $67.7 million in 2010 to $69.7 million last year. That money, however, doesn’t figure into the Vatican’s operating budget, though contributions from dioceses, religious orders and the Vatican bank do.

The Vatican bank, known as the Institute for Religious Works, is able to make such a big contribution to the Vatican’s budget each year based on investments.

Draining the Vatican’s finances were the high costs for its main job of spreading the faith via Vatican media: Vatican Radio, the Vatican newspaper L’Osservatore Romano and Vatican television all have significant expenses and little or nothing in the way of revenue. Vatican Radio, however, is expected to save hundreds of thousands of euros a year in energy costs each year after it cut back short and medium-wave transmissions to Europe and the United States from its main transmission point in Rome.

The Rev. Federico Lombardi, who runs the Vatican radio and television departments and is also the Vatican spokesman, stressed that layoffs among the 2,832 Holy See personnel aren’t in the offing, although he acknowledged that savings must come from elsewhere.

During the meeting of cardinals who oversee the Vatican’s finances this week, he said, there was a “request for prudence and savings.”

“I’m not an expert,” he said of the deficit. “Yes, it’s bigger than in past years, it’s true.” But he noted that the amounts on a global scale aren’t alarming. “Certainly they indicate a need to pay attention and see the criteria the Vatican’s assets are administered.”

–END ARTICLE

–=–

I’ve written extensively on the trillions in government investments that are covered up in the same way and completely ignored on the budget report while being reported on the Comprehensive Annual Financial Report (CAFR).

The Vatican is no different. In fact, it is the extreme example of the government (nation state) hoarding of wealth that would benefit the people of the world.

Think about it for a moment…

Just one of the thousands upon thousands of artifacts, paintings, sculptures, precious metal coins and treasures, and every other trinket and parchment of knowledge that the Vatican holds within its bowels – just the value of one of those literally priceless artifacts could feed the entire world, let alone cover a 16 million euro deficit in the selectively presented budget report of the Vatican politicians.

And so, I’ve come up with a few propaganda slogans that I think might help the Pope, the Black Pope, and his financial officers continue to fool the useful idiots that keep donating to this massive for profit country called the Vatican…

–=–

“We can’t sell our assets. They are priceless.
There is not enough money in the world to buy just one.
Therefore, we are declaring bankruptcy.”

–=–

“The Saints organized a union,
and they are demanding health benefits.
Please give.”

–=–

“Where in God’s name did I put my savings account?”

–=–

“I’m sorry, but God just called.
He says we’re broke.

–=–

I could go on… and on and on and on… but you get the point. The organization of corporate religion is not a Christian one. And the Vatican is a corporate camel with no chance of fitting through even the largest gauge needle.

In the end, if you understand what has been written here, then you understand the entirety of the government investment scheme. And you understand that the people of America are wealthy beyond imagination, but that wealth is being hidden in plain sight while government creates welfare programs to sustain the poverty level while collecting even more taxes from the poor – never fixing the very problem of poverty because that is the only thing that will create wealthy men and corporations.

Welcome to America… a potential heaven on earth, kept in purgatory by government obfuscation and hoarding of its actual wealth.

–Clint Richardson (realitybloger.wordpress.com)
–Friday, July 13, 2012

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by realitybloger on July 13, 2012 • Permalink

Posted in Uncategorized

Tagged cafr, CAFR1, cafrman, catholic deficit, catholic sex abuse, clint for president, clint richardson, clint4p, Comprehensive Annual Financial Reports, pope deficit, the corporation nation, vatican declares budget deficit, what is a cafr, what is religion

Posted by realitybloger on July 13, 2012

https://realitybloger.wordpress.com/2012/07/13/cafr-school-the-vatican-is-broke/

CAFR SCHOOL: How Corporations Are Funded By Taxpayers

As a lowly young man full of ideas that would have changed the world; and naively believing that I could implement them, I often wondered at how large corporations became so wealthy and attained such incredible amounts of capital for their projects, warehouses, office buildings, investments, and for their global expansion. Why were the tallest buildings in every city I visited always topped with a bank logo? Why were the names of every city’s sports arenas and concert halls being replaced with oil/energy and other corporation names and logos, even though the taxpayers paid for their construction? And after many failed attempts to start up my own small business ventures that would revolutionize the world, I gave up trying to play in the big boy markets, because I couldn’t get my hands on the big boy money. I realized that some unseen hand would not allow me to compete, though I could never figure out just whose hand it was. And so I gave up… justifying and rationalizing my failures on this unseen force that I knew existed but could never actually see…

And then I met a man named Walter Burien.

It is not often in our lives that we come across one man who virtually lifts the wool from over our own eyes, but this was one of those times. It was not so much what he showed me as much as what he inspired me to do. And thanks to him, I was hooked on a little thing called the Comprehensive Annual Financial Report (CAFR).

For months and months I poured over these financial statements for the various types of government municipal corporations, attempting to comprehend the almost foreign creative accounting language and legalese that was presented within – which was sure to drive off even the most ardent of researchers. But for some reason, as frustrating as that learning curve was, I persisted. And finally, after so many years of being blinded by that unseen hand, I can at last see my nemesis…

As it turns out, this foe was the very government structure that had passed the legislation limiting me in my business ventures. It is the same government corporate structure that assigns patents to the major corporations, while making the patenting process either too expensive or too difficult for the average person or small business to utilize. It was the same government corporation that made it so hard to incorporate in the first place, and which created so many fees, taxes, and restrictions that a small business could never really get ahead. And it is the same government that literally owns everything you can see – that has invested over many decades into all private and public corporations, real estate, foreign currencies, precious metals, and everything else worth owning under the sun and around the world.

No wonder the average Joe can’t get ahead!

I have been asked several times to explain how banks, weapons manufacturers, insurance companies, investment holdings companies, health and pharmaceutical corporations, and essentially the entire corporate business structure of the world is funded – why do private corporations have so much extra money to expand, to buy other corporations, and to just in general play around with? How do banks come up with the capital to mortgage the entirety of the salable lands of the world? And where does that money come from in the first place?

As it turns out, the people of the United States are paying for this through their own sheer ignorance of where their own taxpayer money is being taken and invested. And this of all ironies is the most destructive reality for the very people who lack the knowledge of their own governments’ grand conspiracy through its investment fund scheme.

And today, I’m here to wake you the hell up!

–=–

The Problem With Pensioners

–=–

As a public pensioner, what would you do if I told you that, indirectly, you are responsible for most of the problems in the world, from hunger to depression to war?

What would you do if I told you that each one of you as pensioners are voluntarily invested in all of the corporations that are destroying our health, our prosperity, and our world?

What would you do if you found out that because of each one of you collectively, the worst of corporations are being funded with taxpayer money?

How would you feel if you were heavily responsible for the funding of globalization; for building up Mexico and China’s sweatshops and promoting imports to America – and for the loss of jobs in America – simply because you are not paying attention – or don’t know – or don’t care – about what your “retirement nest-egg” is investing in, as long as you’re taken care of in the end?

What would you do if you found out that your pension contributions went to fund the corporate stocks and bonds that are used to build the weapons, the chemical biological agents, and the depleted uranium armaments that are killing and retarding millions upon millions of men, women, and children around the globe, including in America?

What if you finally comprehended that the national and international banks, oil and pharmaceutical companies are all funded by your “contributions”, and that all of the taxpayer’s in America are also forced through taxation to contribute to your pension fund investment scheme (with no benefit to the taxpayers themselves), knowing that the U.S. occupations of the Arab nations like Afghanistan and Iraq are for the government’s and the corporation’s control of oil and opium, and that these beautiful countries and their infrastructures are decimated just so that corporations like Halliburton can rebuild those infrastructures via no-bid government contracts while being forced into debt by the very government you fund?

How would it feel to know that the entirety of the government-contracted corporations that make up the “Military-Industrial Complex” are all funded by our collective pension fund contributions?

What would you do?

Is your nest-egg; your pension retirement benefits… are they really more valuable than the millions and millions of lives lost around the world at the hands of the corporations that your collective monetary contributions support via these government investment pension pools?

If you are a taxpayer or a pensioner (and that’s about anyone who is reading this), then you are absolutely and collectively 100% responsible for all of the above – simply because you don’t know.

–=–

Where Are My Pension Contributions Invested?

–=–

This oh so important question is one that is not generally asked by the recipients of pension benefits. To most, the answer to this question does not matter, as long as there is a return on that investment today that will guarantee personal retirement benefits tomorrow. And this is perhaps the most egregious and shameful aspect of the entire population of America – of all people. For your wealth and the benefits that you receive are directly correlated to the poverty and destruction that allows corporations and government to prosper. In short, as a pensioner, you are being paid for looking the other way.

As a taxpayer, you should know that many 100’s of billions of dollars are ripped out of the tax-base each year and force fed into the nation-wide pension system (including Social Security) in the form of “on-behalf” taxpayer “contributions” for federal, state, local, and district pension employees. This world-wide phenomenon has created an international pension investment system that, in January 2008, Morgan Stanley estimated held over US $20 trillion in assets, and are collectively the largest investment platform in the world. Others with a less personal and unbiased interest in these pension funds make this estimate to be many trillions higher.

We have all heard about Morgan Stanley, as well as many other major conglomerate banking institutions like J P Morgan Chase. They have been demonized as rogue institutions that are destroying the economy seemingly outside of the law or of government intervention – aside from bailing them out with taxpayer money when their gambling habits take a wrong turn (publicly and purposefully that is, because for every loss there is an equal gain by some other entity collaboratively playing the same game).

So let’s examine some of the United States’ Pension investments that are funding the capital liquidity and crime of institutions like Morgan Stanley…

We’ll use the largest public pension fund in the United States, CalPERS.

For those who have never before had the chance to behold the incredibly inconceivable wealth and investments that most pension funds have within, this is a wonderful tool to get a grasp on just how the international structure of corporations that make up the “economy” get their funding. Here is the “Annual Investment Report” for fiscal year 2011, which shows all of CalPERS individual investments:

Link–> http://www.calpers.ca.gov/eip-docs/about/pubs/annual-investment-report-2011.pdf

One could spend all day going through this investment holdings report and find just about every corporation in the world as a government investment stock-held company. But remember, this is just one of thousands of pension funds across the country, all with the same investment structure on different levels.

So let’s look and see just how much of your taxpayer and pension contributions in just CalPERS are funding just these two banks as of 2011:

———————————————————————————————

CalPERS just happens to own 4,583,935 shares of Morgan Stanley, at a listed book value of $98,224,686 – and a market value of $105,476,344.

It also lists its direct stock ownership in JP Morgan Chase at 11,543,471 shares, with a book value of $292,151,725 – and a market value of $472,589,703.

TOTAL (book value) = $390,376,411
TOTAL (market value) = $578,066,047

(Note: These are two separate companies, used here as examples.)

———————————————————————————————

This represents the ownership portion of stock that this single government pension fund “CalPERS” owns outright in these two banks. The conflict of interest should be apparent here, as this and all pension funds around the world depend upon a return (profits and dividends) from holding this stock investment, while at the same time being a part of the same government that regulates the banking industry. One does not necessarily want a major stock owner of a banking corporation also making the public laws, for instance, on real estate loans and the foreclosure process. But that is exactly what is happening here.

But we can’t stop here, for this is a massive list with many different types of investments into Morgan Stanley and JP Morgan Chase (as well as every significant bank on the planet). CalPERS also lists the following forms of taxpayer monies being given, loaned, or “bonded” to Morgan Stanley:

———————————————————————————————

(Page 4) “Domestic Cash Equivalents (securities)”

COLLATERL JP MORGAN CHASE – par/market value – $39,800,000 – listed at a measly 0.07% return, maturing 12/31/1949

MORGAN STANLEY REPO – par/market value – $66,500,000 – listed at a measly 0.04% return, maturing 12/31/1949

TOTAL (par/market value) = $106,300,000

———————————————————————————————

(Page 6-7) “Asset-Backed Securities”

CHASE ISSUANCE TRUST – par value – $1,865,000,000 – market value – $1,887,438,748 – 1.74% return, maturing 04/15/2014

JP MORGAN MORTGAGE ACQUISITION – par value – $7,150,000 – market value – $2,532,394 – 1.32% return, maturing 01/25/2037.

JP MORGAN MORTGAGE ACQUISITION – par value – $27,936 – market value – $8,166 – 0.91% return, maturing 08/25/2036.

MORGAN STANLEY CAPITAL INC – par value $95,008 – market value – $77,319 – 0.88% return, maturing 09/25/2034

MORGAN STANLEY CAPITAL INC – par value $2,660,000– market value – $1,866,197 – 0.69% return, maturing 12/25/2035

MORGAN STANLEY CAPITAL INC – par value $2,921,764– market value – $2,537,286 – 0.58% return, maturing 11/25/2035

MORGAN STANLEY DEAN WITTER CAP – par value $292,899– market value – $111,961 – 8.53% return, maturing 11/25/2032

TOTAL (par value) = $1,878,147,607
TOTAL (market value) = $1,894,572,071

(Note that CalPERS gave these “loans” to Morgan Stanley, getting a horrible return on its investment, often less than 1% – and not getting that money paid back until as long as 2037 and beyond. This leaves Morgan Stanley and JP Morgan Chase to use and invest that money for more than 25 years for future massive profits and expansion. And if these banks lose it? No problem. The taxpayers are always there to bail them out! And your credit card from these same banks, which may be using some of this same CalPERS pension fund investment money to loan back to you via your credit card, personal, or mortgage loan, may have an interest rate as high as 24%!!!)

———————————————————————————————

(Page 14) “Corporate Bonds”

JPMC CAPITAL XVIII – par value $5,760,000 – market value – $5,740,348 – 6.95% return, maturing 08/01/2066

JPMORGAN CHASE & CO – par value $96,000,000 – market value – $103,112,640 – 7.90% return, maturing 04/29/2049

JPMORGAN CHASE + CO – par value $1,600,000 – market value – $1,656,316 – 4.95% return, maturing 03/25/2020

JPMORGAN CHASE CAPT XX – par value $ 8,765,760 – market value – $8,734,555 – 6.55% returnmaturing 09/15/2066

MORGAN STANLEY – par value $56,640,000 – market value – $62,164,863 – 6.63% return, maturing 04/01/2018

MORGAN STANLEY – par value $45,120,000 – market value – $48,356,731 – 5.95% return, maturing 12/28/2017

MORGAN STANLEY – par value $48,000,000 – market value – $49,159,823 – 5.63% return, maturing 09/23/2019

MORGAN STANLEY – par value $870,000 – market value – $906,554 – 4.75% return, maturing 04/01/2014

MORGAN STANLEY – par value $2,870,000 – market value – $2,798,066 – 0.59% return, maturing 01/09/2014

MORGAN STANLEY DEAN WITTER – par value $1,130,000 – market value – $1,180,195 – 6.60% return, maturing 04/01/2012

TOTAL (par value) = $266,755,760
TOTAL (market value) = $283,810,091

———————————————————————————————

(Page 51-52) “Mortgage-Backed Securities”

JP MORGAN CHASE COMMERCIAL MOR – par value $308,972,643 – market value – $3,256,324 – 0.35% return, maturing 01/15/2042

JP MORGAN CHASE COMMERCIAL MOR – par value $32,928,000 – market value – $36,647,187 – 6.07% return, maturing 04/15/2045

JP MORGAN CHASE COMMERCIAL MOR – par value $70,560,000 – market value – $77,115,803 – 5.88% return, maturing 02/15/2051

JP MORGAN CHASE COMMERCIAL MOR – par value $274,891,936 – market value – $295,478,211 – 5.44% return, maturing 06/12/2047

JP MORGAN CHASE COMMERCIAL MOR – par value $18,816,000 – market value – $20,331,229 – 5.42% return, maturing 01/15/2049

JP MORGAN CHASE COMMERCIAL MOR – par value $1,085,000 – market value – $1,156,473 – 5.34% return, maturing 05/15/2047

JP MORGAN CHASE COMMERCIAL MOR – par value $1,700,000 – market value – $1,849,798 – 5.43% return, maturing 12/12/2043

JP MORGAN CHASE COMMERCIAL MOR – par value $30,209,893 – market value – $552,778 – 1.40% return, maturing 10/12/2037

JP MORGAN CHASE COMMERCIAL MOR – par value $109,863,895 – market value – $339,216 – 0.94% return, maturing 11/15/2035

JP MORGAN CHASE COMMERCIAL MOR – par value $25,783,365 – market value – $159,792 – 1.17% return, maturing 10/12/2035

JP MORGAN MORTGAGE TRUST – par value $858,671 – market value – $838,576 5.78% return, maturing – 04/25/2036

JP MORGAN MORTGAGE TRUST – par value $308,554 – market value – $260,083 – 2.77% return, maturing 07/25/2035

JP MORGAN MORTGAGE TRUST – par value $1,459,122 – market value – $1,304,019 – 2.78% return, maturing 06/25/2036

JP MORGAN MORTGAGE TRUST – par value $68,035 – market value – $66,727 – 2.96% return, maturing 11/25/2033

MORGAN STANLEY CAPITAL I – par value $98,784,000 – market value – $7,262,168 – 1.37% return, maturing 06/15/2044

MORGAN STANLEY CAPITAL I – par value $1,700,000 – market value – $1,789,567 – 5.57% return, maturing 12/15/2044

MORGAN STANLEY CAPITAL I – par value $47,040,000 – market value – $50,482,724 – 5.33% return, maturing 11/12/2041

MORGAN STANLEY MORTGAGE LOAN T – par value $670,407 – market value – $156,964 – 3.00% return, maturing 08/25/2034

MORGAN STANLEY MORTGAGE LOAN T – par value $561,385 – market value – $141,127 – 2.90% return, maturing 09/25/2034

MORGAN STANLEY MORTGAGE LOAN T – par value $1,307,796 – market value – $565,047 – 4.32% return, maturing 06/25/2037

MORGAN STANLEY MORTGAGE LOAN T – par value $4,008,030 – market value – $2,456,630 – 5.14% return, maturing 11/25/2037

MORGAN STANLEY MORTGAGE LOAN T – par value $18,201 – market value – $18,087 – 6.00% return, maturing 08/25/2037

MORGAN STANLEY MORTGAGE LOAN T – par value $1,712,350 – market value – $1,222,467 – 2.61% return, maturing 07/25/2035

MORGAN STANLEY MORTGAGE LOAN T – par value $364,015 – market value – $305,840 – 1.60% return, maturing 10/25/2034

TOTAL (par value) = $1,033,671,298
TOTAL (market value) = $958,096,837

(Yes, you read that correctly. You’ve heard about these mortgage-backed securities and you’ve probably wondered – who was buying all of these things anyway? Well now you know… your own government – with your own money! Your government not only allows these criminal junk securities to be legal and flourish in the banking and investment markets by law, but government also funds the whole financial mechanism so that banks can buy, sell, and resell and re-resell and re-re-resell and re-re-re-resell your mortgage contract until no one actually knows who has the original lien and deed on anyone’s home anymore. Again, government invests in corporations and funds their liquidity… and it benefits from your suffering and from the loss of your home when the bank forecloses. All that matters is that their stock investment and liquidity in the company has capital gains, creates interest, and pays dividends. And your personal ignorance of this is key to the whole operation.)

———————————————————————————————

(Page 57) “International Debt Securities”

MORGAN STANLEY – par value $4,000,000 –
market value – $5,417,906 – 1.71% return, maturing 04/13/2016

TOTAL (par value) = $4,000,000
TOTAL (market value) = $5,417,906

———————————————————————————————

So let’s total up these investments and loans and figure out just how much this one pension fund called CalPERS has invested into just these two conglomerate banks:

Direct Ownership Stock Holdings:

TOTAL (book value) = $390,376,411
TOTAL (market value) = $578,066,047

Domestic Cash Equivalents (securities)

TOTAL (par/market value) = $106,300,000

Asset-Backed Securities

TOTAL (par value) = $1,878,147,607
TOTAL (market value) = $1,894,572,071

Corporate Bonds

TOTAL (par value) = $266,755,760
TOTAL (market value) = $283,810,091

Mortgage-Backed Securities

TOTAL (par value) = $1,033,671,298
TOTAL (market value) = $958,096,837

International Debt Securities

TOTAL (par value) = $4,000,000
TOTAL (market value) = $5,417,906

——————————————————————–

TOTAL (par value) = $3,679,251,076
TOTAL (market value) = $3,826,262,952

——————————————————————–

It is important to understand here that this single pension fund has nearly $4 billion in directly apportioned investments within just these two banks. In reviewing thousands of other public pension fund “asset holding lists” we will find a similar pattern, from billions to millions and down into the smallest of pension funds with mere thousands. But collectively, when all of these funds are considered as one whole government investment scheme, we can easily see that the corporate world as it stands today would not exist without government funding through taxpayer and pension contributions to it, and directly because of these pension investments over the last several decades.

It is also important that we consider what are called “indirect” investments held by these pension funds. While direct stock and bond listings are very clear as to where that taxpayer money is invested, CalPERS (and all pension funds) also invest heavily into the private equity and mutual fund markets. In fact, as you can see, the pension and other government fund structures across the country are the main investors (institutional investors) within these private funds.

The problem? Those funds also invest into JP Morgan Chase, Morgan Stanley, and most other banks and investment houses. And so to get an accurate accounting of the % of investments that CalPERS actually has within these two financial institutions, we would have to audit its own investments in these private funds to find out where that private fund has placed CalPER’s investment income – and good luck with that!

Let’s see what CalPERS has in a few of these private equity funds…

——————————————————————–

State Street Corporation:

STATE STREET CORP – 1,777,017 shares of ownership stock at a market value of $80,125,697

“Corporate Bonds”

STATE STR CAP TR III – par value $6,200,000 –
market value – $6,202,728 – 5.24% return, maturing 01/29/2049

——————————————————————–

Why is State Street Corporation important here?

From this CalPER’s report, it states:

“Our Investment Office staff, pension consultant Wilshire Associates, and State Street Bank & Trust, our master custodian, compiled the investment data presented on the next pages as required by the Public Employees’ Retirement Law.”

So CalPER’s pension fund owns stock in the banking institution that is its “master custodian”, and this bank is responsible for issuing the very report we are reading!!! Yet another blatant conflict of interest, in a bank that is not in a position to go against its stockholder without consequence!

Now let’s look at the Carlyle Group…

This investment giant is infamously connected to the George Bush family, who became president of the whole corporate government structure (not to mention his son), and as you can imagine continues to indirectly benefit heavily from government investments into this “group” – where he and his cronies acquire corporation after corporation with your taxpayer money…

Just what is The Carlyle Group?

“The Carlyle Group is an American-based global asset management firm, specializing in private equity, based in Washington D.C. The Carlyle Group operates in four business areas: corporate private equity, real assets, market strategies, and fund-of-funds, through its AlpInvest subsidiary. In its 2010 annual report, Carlyle reported assets in excess of $150 billion under management diversified over 84 distinct funds.The firm employs more than 890 employees, including 495 investment professionals, in 20 countries with offices in the Americas, Europe, Asia, and Australia, and its portfolio companies employ more than 415,000 people worldwide. The firm has over 1,300 investment partners in 71 countries.

According to a 2011 ranking called the PEI 300 based on capital raised over the last five years, Carlyle was ranked as the third largest private equity firm in the world, after TGP Capital and Goldman Sachs Principal Investment Area. Carlyle had been ranked first in the 2007 listing.

In 2001, the California Public Employees’ Retirement System (CalPERS) acquired a 5.5% holding in Carlyle’s management company for $175 million. The investment was valued at approximately $1 billion by 2007 at the height of the 2000’s buyout boom…

In November 2008, The Carlyle Group was named Private Equity firm of the year in the U.S. at the Financial Times-Mergermarket 2008 M&A Awards.

In March of 2009, New York State and federal authorities began an investigation into payments made by Carlyle and Riverstone to placement agents allegedly made in exchange for investments from the New York State Common Retirement System (NYSCRS), the state’s pension fund. It was alleged that these payments were in fact bribes or kickbacks, made to pension officials who have been under investigation by New York State Attorney General, Andrew Cuomo. In May of 2009, Carlyle agreed to pay $20 million in a settlement with Cuomo and accepted changes to its fund-raising practices. (Author’s note: Where did that money go, and what was the point – Carlyle Group certainly didn’t change its criminal methods. How did the people benefit? They didn’t.)

In 2010, the Financial Times announced that Carlyle Group is the private equity firm of the year…

In February 2008, a bill was introduced in California that would have barred CalPERS from investing money “with private-equity firms that are partly owned by countries with poor records on human rights,” which would include Carlyle because Mubadala Development is owned by part of the United Arab Emirates. The California bill was later withdrawn.”

George H. W. Bush, former U.S. President, served as Senior Adviser to the Carlyle Asia Advisory Board from April 1998 to October 2003 (while his son was still President!).

So what investments into the bonded liquidity base of the Carlyle Group does CalPERS have on its balance sheets, allowing Carlyle holding companies around the world to flourish with taxpayer investment capital?

——————————————————————–

The Carlyle Group

“Alternative Investment Management Corporate Restructuring (securities)“

Name of holding company…..
Book Value……….Market Value

CARLYLE…………………………………………………
$22,892,350…………$55,040,942

CARLYLE ASIA PARTNERS GP II……………..
$123,783,417…………$127,894,756

CARLYLE ASIA PARTNERS III…………………
$140,997,939…………$149,682,813

CARLYLE ASIA PARTNERS LP…………………
$33,716,341……………$72,661,556

CARLYLE EUROPE PARTNERS II…………….
$33,781,818…………..$49,114,244

CARLYLE EUROPE PARTNERS III LP………
$275,068,958………..$269,585,374

CARLYLE GLB FIN SERV PARTNERS……….
$98,610,047………….$112,930,518

CARLYLE JAPAN INTL PARTNERS II……….
$111,350,716………….$101,874,064

CARLYLE JAPAN PARTNERS LP………………
$17,898,023………….$8,194,635

CARLYLE MANOR CARE………………………….
$13,128,107…………..$16,645,859

CARLYLE MEXICO PARTNERS………………..
$11,603,147……………$12,604,035

CARLYLE PARTNERS II LP………………………
$3 ,803,945…………..$7 ,150,317

CARLYLE PARTNERS III LP…………………….
$39,530,330…………..$20,698,248

CARLYLE PARTNERS IV, L.P……………………
$225,810,782…………$288,443,791

CARLYLE PARTNERS KINDER MORGAN…
$29,477,075…………..$68,215,645

CARLYLE PARTNERS V……………………………
$451,370,251………….$528,018,454

CARLYLE/RIVER RENE+ALT ENGY II …….
$140,853,360…………$163,748,816

CARLYLE/RIVERSTONE GLB E+P IV……….
$309,206,623………..$444,256,236

CARLYLE/RIVERSTONE GLOBAL……………
$195,614,177…………..$299,501,436

“Alternative Investment Management Distressed Securities”

CARLYLE STRATEGIC PARTNERS…………..
$23,175,881…………….$34,972,657

CARLYLE STRATEGIC PARTNERS II ………
$58,002,997……………$79,704,250

CARLYLE/CALPERS CLO………………………..
$99,669…………………..$1,443,533

“Alternative Investment Management Expansion Capital”

CARLYLE ASIA GROWTH PRTNRS IV……..
$40,863,278……………$48,175,768

CARLYLE ASIA GROWTH PRTNS III……….
$67,338,852…………….$67,445,066

CARLYLE GROUP……………………………………
$175,000,000………….$436,100,000

CARLYLE RIVERSTONE BRAZIL……………..
$17,362,588…………….$2,462,850

CARLYLE VENTURE PARTNERS III…………
$56,071,943…………….$64,646,861

CARLYLE/RIVERSTONEENERGYFDI,LP…
$54,262,246…………….$27,063,846

“Alternative Investment Management Special Situation”

CARLYLE EUROPE REALTY PARTNERS….
$11,107,976………………$7,178,856

CARLYLE REALTY III LP…………………………
$13,542,519………………$15,689,426

“Alternative Investment Management Venture Capital”

CARLYLE ASIA II LP……………………………….
$21,797,371……………….$2,737,812

CARLYLE EUROPE TECH PTNRS II………..
$57,274,489………………$50,288,690

CARLYLE VENTURE PRTNRS II LP…………
$40,025,303……………..$13,678,335

“Inflationary-Linked Assets”

CARLYLE INFRASTRUCTURE PARTNER..
$5,911,590…………………$51,033,705

——————————————————————————————————

TOTAL BOOK VALUE OF INVESTMENTS IN
“CARLYLE GROUP” COMPANIES: $2,920,334,108

TOTAL MARKET VALUE OF INVESTMENTS IN
“CARLYLE GROUP” COMPANIES: $3,698,892,394

——————————————————————————————————

But we mustn’t forget about the subsidiary corporations owned by Carlyle Group, for these pension funds also purchase stock in these sub-corporations as well as their mother corporation – which can also be considered here as investments into the Carlyle Group itself:

BOOZ ALLEN HAMILTON HOLDING – 26,773 direct shares, market value – $511,632

CSX CORP – 3,245,673 direct shares, market value – $85,101,546

CSX CORPORATION (Corporate Bonds) –

CSX CORP – par value $22,272,000 – market value – $25,228,341 – 6.80% return, maturing 12/01/2028

CSX CORP – par value $35,299,200 – market value – $37,628,500 – 6.22% return, maturing 04/30/2040

CSX CORP – par value $1,920,000 – market value – $2,031,062 – 6.15% return, maturing 05/01/2037

HERTZ GLOBAL HOLDINGS INC – 1,404,911 direct shares, market value – $22,309,987

THE HERTZ CORPORATION (Corporate Bonds) –

HERTZ CORP – par value $554,280 – market value – $568,137 – 8.88% return, maturing 01/01/2014

HERTZ CORP – par value $480,000 – market value – $494,400 – 7.50% return, maturing 10/15/2018

HERTZ CORP – par value $1,920,000 – market value – $1,953,600 – 7.38% return, maturing 01/15/2021

HERTZ CORP – par value $2,400,000 – market value – $2,376,000 – 6.75% return, maturing 04/15/2019

LOEWS CORP – 1,086,790 direct shares, market value – $45,742,991

QINETIQ GROUP PLC – 2,078,385 direct shares, market value – $4,027,451

——————————————————————————————————

Finally, lets see what CalPERS has invested in Goldman Sachs…

——————————————————————————————————

GOLDMAN SACHS GROUP INC 1,489,274 direct shares, market value – $198,207,477

GOLDMAN SACHS – “Corporate Bonds”

GOLDMAN SACHS CAP III – par value $3,620,000 – market value – $2,752,503 – 1.02% return, maturing 09/29/2049

GOLDMAN SACHS GROUP INC – par value $110,400,000 – market value – $108,809,563 – 6.75% return, maturing 10/01/2037

GOLDMAN SACHS GROUP INC – par value $4,800,000 – market value – $5,589,452 – 7.50% return, maturing 02/15/2019

GOLDMAN SACHS GROUP INC – par value $13,440,000 – market value – $12,763,456 – 5.95% return, maturing 01/15/2027

GOLDMAN SACHS GROUP INC – par value $19,200,000 – market value – $19,281,299 – 6.25% return, maturing 02/01/2041

GOLDMAN SACHS GROUP INC – par value $14,400,000 – market value – $14,788,437 – 5.38% return, maturing 03/15/2020

——————————————————————————————————

These direct stock investments, as I’ve covered in depth before, represent a massive controlling stake in the corporate world, both national and international. And equally as relevant to the corporate takeover of the world, we can see that these “alternative” investments and corporate bonds literally give taxpayer money to the private industries that the government is a major or controlling stock owner of.

In other words, the taxpayers are unwittingly contributing to everything they complain about in the corporate world – to everything that is slowly killing their health and their spirit. Food, chemical, pharmaceutical, medical, banking, insurance, real estate, foreign currency, private equity funds, and everything else under the sun.

–=–

What Could Happen?

–=–

To put this into perspective, a horrific thought just occurred to me…

As of this moment, in July of 2012, these pension systems are owned and operated by local, state, federal government municipal corporations, and administered by their corporate boards for what they claim to be “on behalf of the employees” that contribute to them under federal and state pension laws. And like any private pension system out there, these corporations are at risk of bankruptcy, government raids, credit risks, or other purposeful mismanagement’s that might befall the public, government owned and controlled pension system.

So what would happen to all of these direct ownership stock investments in a worse case scenario – if the government decided to raid and kill the pension system all together?

What would happen to those stocks, and what would become of the debt that these private corporations owe the government (the people) if all of a sudden the whole thing came crashing down?

The answer to these questions, in this authors perspective, would be the final nail in the 4-decade long efforts to completely privatize our government. It would mean that those stock certificates that are held by each of these pension funds would either be transferred into private hands, or they would be sold off for pennies on the dollar in a false-flag depression scenario to the worst of either these private corporations or to some other individual or country. In short, it would mean the largest transfer of wealth out of the public’s hands in recorded history, including real estate, foreign currencies, stocks and bonds, precious metals, and the many other assets within.

But that’s not all folks… for all of those corporate bonds would also change hands, being transferred or sold off – possibly to the very private banking institutions that were the beneficiaries of those corporate bond and securities-type loans in the first place. In other words, the debts would never come back to the pensioners/taxpayers that loaned it in the first place (the public), but instead would be paid back by the corporations to the corporations themselves, ultimately equating to a grand theft of massive proportions via the loss to the taxpayers as the corporations pay themselves back for the debt against themselves as owners of their own debt… a paradox, and yet quite reasonable to these organized criminals.

This would be no different than the Public Private Partnerships (PPP) happening all over the country now, where parking garages, toll-roads, bridges, and other public infrastructure has been sold or “privatized” into the hands of banks and other private corporations – who now operate and collect the tolls and taxes for the infrastructure that was built by our forefathers and our children.

One could go crazy thinking about this…

For it would not take much at all to accomplish this feat. For federal pensions, as part of the Executive branch, a simple executive order might be signed by the president directing the liquidation of the pension system to pay for the “national debt”. On the State and local levels, simple bankruptcy proceedings would do the job, and the people and pensioners would be left out in the cold. After all, the taxpayer portion of the pension system is government property.

This extremely viable possibility could easily be implemented as the solution to the reaction to the problem of the lie that is continuously perpetrated on the American public – that the pension system is on a whole entirely underfunded. In two years of looking, I’ve yet to see a pension fund that meets this criteria, per the Comprehensive Annual Financial Report. This lie stems from the actuarial projections (educated and purposefully misleading guess) on the future potential of pension funds. It has nothing to do with reality, and this is easily verified in the CAFR.

The following capital gains for 2010 were stated by the following public pension systems:

New York State Retirement System – $23.3 billion gain in net assets after all benefits paid.

CalPERS – $22.7 billion gain in net assets after all benefits paid.

CalSTRS – $11.3 billion gain in net assets after all benefits paid.

Texas State Teachers Retirement System – $7 billion gain in net assets after all benefits paid.

New York City Retirement – $3.4 billion gain in net assets after all benefits paid.

The pension system is, as you can see here, responsible for globalism at its finest. It is responsible for war, for famine, for disease, and for hunger. The whole world could be fed and clothed 100 times over with just the over $260 billion of investment wealth found in the CalPERS pension fund.

But while the pension system is responsible for these things around the globe, it is the people of America that are responsible for the funding of pension funds. Looking the other way in ignorance and greed must come to an end before the worst happens. The people must take responsibility for their own investment concerns, not relying on government to do it for them. The people must invest in what will benefit all people – from alternative energy to real cures for disease. Personal responsibility is the only solution we the people have left; and if we don’t choose to take responsibility for our own lives, our mother who calls itself government and calls us “customers” and “dependents” will continue down this road until just a few conglomerate corporations remain – as government privatizes and merges its investment held corporate structure into one giant United Nations IMF World Bank holding company.

In the end, I can only ask you to look at this report, and to see where your pension and taxpayer money is being invested… I can only ask:

What will you do tomorrow, knowing that your pension contributions are funding poverty and the the global war machine?

On a mission to document our enslavement to ourselves by our own consent…

–Clint Richardson (realitybloger.wordpress.com)
–Tuesday, July 10th, 2012

55 Comments

by realitybloger on July 10, 2012 • Permalink

Posted in Comprehensive Annual Financial Reports, stock market, Uncategorized

Posted by realitybloger on July 10, 2012

https://realitybloger.wordpress.com/2012/07/10/cafr-school-how-corporations-are-funded-by-taxpayers/

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

44 Comments

by realitybloger on March 22, 2012 • Permalink

Posted in Comprehensive Annual Financial Reports, Government Wealth, Uncategorized

Tagged cafr, cafrman, clint for president, clint richardson reality blog, Comprehensive Annual Financial Reports, freeman, government corruption, Government Wealth, Matt Damon, new world order, the corporation nation, us code, who ownes the stock market, who owns america

Posted by realitybloger on March 22, 2012

https://realitybloger.wordpress.com/2012/03/22/dear-matt-damon/

CAFR School: The Public Reading Of The CAFR

In this dramatically droll and boring school board meeting, the school district’s board is visited by its chosen and contracted auditing firm, for which a representative of that firm monotonously explains to the board the Comprehensive Annual Financial Report (CAFR) that it has completed for the district. I am posting this recorded school board video recording not for your viewing enjoyment, but for proof positive that all school boards and other local, district, county, and state governments are fully aware of and must acquiesce and approve their CAFR reports in a board or council meeting. Do not ever let any government tell you that they do not know what the CAFR is. They are lying. They may not be able to read it, but they know it exists and know they aren’t supposed to know what it really says! Ignorance is no excuse for malfeasance…

CAFR discussion begins at 2:23 in this video: