Walter Burien speaking to the Health and Freedom Conference - 2010
It is now possible to restructure government to pay for its "general purpose" expenses from investment return.
Mr. Burien notes through the establishment of TRF (Tax Retirement Funds) the extra nine-yards can be set into motion to satisfy 100% of government's general purpose operating expenses and then taxation will NOT be needed and then become a word of the past for our future generations.
The perfect point here is that the entire structure to manage the TRFs and performance records to show the complete validity of this happening is in place today from the managers who currently have managed government's multi-trillion dollar institutional global investment funds which in their collective totals from all sources is standing as of 2007 at approximately 110 trillion dollars.
It is also noted that collective local and federal government's gross income "globally" from all sources: Investment; taxation; and enterprise as of 2007 was 14-trillion-dollars with that amount being about equal to the GDP of the USA.... The reason this is possible is that government is bringing in a substantial portion of its gross income from global investments outside of the USA (ever wonder why job outsourcing and foreign trade has been so aggressive over the last two decades?) ANS: It is "very" profitable to our own government's "global" institutional investments held across the globe.
On a last and very important note: Government "promotes" debt at the front door and uses their own global investment funds to fund that same debt through the back door creating a holding grounds for their investment capital and a guaranteed rate of return on the same.
EXAMPLE: US Government may have several investment accounts in China with one having 300-billion dollars available for investment elsewhere. The state of California; NJ; NY; and IL have a bond issue collectively of 250-billion dollars that is now funded "from" that US Government institutional investment account in China. The headlines may read: "250-billion dollars comes from China to fund California; NJ; NY; and IL bond issues, China taking over more of US" but in reality the back door funding approach by US Government global investment funds was exercised again.. Get it? I hope so..
If a true audit of US Local and Federal debt was conducted, that audit may just determine that 65% + of that debt held was "self-funded" by collective US government itself...
Walter Burien - CAFR1 - CTA (Commodity Trading Advisor) 1978 to 1992 and derivatives trader of 33 years.
P. O. Box 2112
Saint Johns , AZ 85936
Subject: BoA Dumps $75 Trillion In Derivatives on Taxpayers
Date: Sat, November 12, 2011 2:39 am
To: "Rush Limbaugh"
It's real money, especially since "Bank of America Deathwatch" financial pundits have multiplied on the web and it has become a bit of a geek guessing game. When will BoA finally tank? And when it tanks, the question becomes, who will walk away with all their money, and who will be left holding the bag? The deal just snuck through with the Federal Reserve's, and implicitly, Congress's approval insures Wall Street casino gambler's debts by moving them into accounts meant for penny-pinching grandmas.
Without going too far into bewildering financial jargon, it's like this: Your wildest son is asking you to co-sign for a debt. If he can't make his payments, you are on the hook. How much is the debt? He doesn't know. Just sign on the dotted line.
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.