Walter thanks for putting your information on the internet. You have no idea how many people you have been waking up.

I am putting together a short youtube video and was hoping you could please review my script. Even though I have a degree in finance, needless to say this matter was not discussed in my school curriculum lol.

My biggest question are as follows......

1. Is is true that the 1.5% average coporate income tax rate brings in 75% of all income taxes?

2. On your website you report that $20.5 trillion dollars of income was generatedon the CAFR, but the federal government reported only $1.7 trillion dollars collected in income in its bugdet report. If the feds cannot invest in the stock market how can they have made so much undelcared money ($18.8 trillion), assuming this is the case?

3. A GAO accountant told me the federal government only invests in us treasury notes therefore the asumption they are manipulating the stock market is dubious at best. Can you help me understand in more depth how us treasry notes can be used to profit from the stock market. *You might want to include this on your website.

4. Also why did they kidnap your son?

Anyway please look over this summary and point out any other errors that I might have made. Thanks - James

To Continue......

The Comprehensive Annual Financial Report, also known as the Caf -er , was first used by the mafia to hide their assets. By the 1950’s the federal government began to adopt these same practices and later the Chicago based Government Accounting Standards Board forced all local, county, and state governments do the same.  

 

The Caf-er allows the government to hide their assets through the use of two sets of accounting books. One is for day to day governmental expenditures which reports how much money is collected in taxes and how much money is allocated for fire, police, and school funds. These are known as the Budget Reports and are presented to the public as the actual budget, but this is just one section of the true budget.

 

The other set of accounting books shows the entire financial condition of the government, which includes any non-tax income not part of the governments gross revenues, such as found within pension funds and unclaimed property reverted to the state.  This information can be found within the lesser publicized CAFR, which has allowed the government to hide how much money they are truly making within each accounting cycle.

 

Income surpluses generated within the government’s pension funds now accounts for 66% of all government revenue. In other words, if all taxation ended revenues would only decline 33%. By reducing some of the unnecessary spending of the government such as a bloated defense budget, the profits generated in the CAFR could easily run all local, state, and federal governments without any further taxation, reducing the economic hardships of the American people.

 

But even more alarming, the United States appears to have adopted the same command market principles first implemented in the communist Soviet Union.  The investments in government pension funds are so well funded they are used to manipulate the stock and bond markets.  These so-called “institutional investors” mentioned in the news media consist mostly of these governmental pension funds, which now account for an 82% stock ownership of Microsoft, 61% of Disney, 58% of AOL - Time Warner, and 72% of EXXON. With the government owning so many companies, no wonder we feel like the stock market is rigged, because it is.. This may also explain why the “government-owned” media will not report any thing critical of the government.

 

In addition to manipulating the stock market the government has also been implicated in manipulating the bond market. According to a March 2008 US Treasury Audit of its bank derivative holdings, the government currently owns over $180 trillion dollars worth of derivatives held within the three largest American banks. These credit swaps derivatives are used to manipulate the short and long term bond yields, creating easy money for the government in the present time, but consequently leading to the creation a speculative bubble which would ultimately meltdown the entire global banking system.

 

Back in the 1960’s most of the businesses owned within the CAFR were restricted to primarily American companies. But since then the government lifted that ban to profit from off-shoring American jobs overseas in order to access cheaper labor pools. But these same companies have found ways to hide their assets from the IRS by setting up domicile corporations in the Cayman Islands. Today, the largest American corporations pay only a paltry sum of 1.5% income tax while the average American is forced to shell out an average of 27% of their income to the IRS.

 

Even though these corporations pay a small 1.5% income tax rate, they now generate 75% of all income tax revenue. This is according to Whistleblower Walter Burien, the editor of cafr1.com website.  After reviewing a 1997 Government Accounting Office audit of the IRS, he found that personal income tax revenues generated only $5 trillion dollars and corporate income tax revenues brought in an astonishing $15.5 trillion dollars with total income tax revenues of $20.5 trillion dollars. 

 

These numbers would suggest that the average America is becoming utterly impoverished under the IRS tax system, and it would also suggest the government is cooking their revenue statistics. According to the congressional budget office, in that same year of 1997, the U.S. Government reported $1.7 trillion dollars of total income tax returns within its budget report. So if they collected $20.5 trillion dollars of income on the CAFR, then it would mean the government failed to report $18.8 trillion dollars of revenue for the year of 1997 alone.  But of course the government owned media would never dare report these numbers to the American people.

 

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