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CAFR Scam On American Taxpayers Continues

By Walter Burien

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nments within each state, the Cities, Counties, School districts, and Authorities also were now towing the line with the planed venture.

The Financial Statement of local governments was and is, the Comprehensive Annual Financial Report, or CAFR for short.

Link to download most State CAFRs: http://members.aol.com/_ht_a/cafr1/Listings.html

By 1990, the planned venture allowed those local governments participating, of which was the majority, over 55,000 local government entities, to show shortfalls on their General Purpose operating Budget, while at the same time having from 3 to 11 years of annual operating funds shown in the overall financial statement, the CAFR.

EXAMPLE: Orange County, California, when over a decade ago lost 1.3 billion dollars and was crying bankruptcy towards their general purpose operating funds, upon a review of Orange County's Financial Statement, the CAFR, it showed Orange County had over 14 billion dollars in profitable investments which more than offset their 1.3 billion dollar loss. When this fact came forward in private circles, the news of Orange County's loss disappeared from the press before the public found out about the profitable investments, and also found out about the way they were duped into just looking at the loss.

Orange County's gross mismanagement jeopardized disclosure of the planed venture that started in 1946 for all of the others participating in the double book keeping of the Financial Statement Vs the General Purpose operating Budget. Steps were taken to closely monitor all other local governments from that point forward so that no other would grossly mismanage funds and thus drawing scrutiny to the overall picture of the Financial Statement, the CAFR. A report of which the public was being kept completely ignorant of at the directions of the administrators of the planed venture.

By 1997, most local governments participating in the double book keeping venture, were now generating gross income that was over 60% NON-TAX-REVENUE.

The equation of this fact was never brought forward for public comprehension. The planed venture continued promoting the annual general purpose operating Budget of which was supported by 100% taxation, excluding disclosure to the public of the revenue, investment return and funds held as shown in the Financial Statement, the CAFR.

The money involved was massive, and the participation of the nondisclosure was pervasive.

To orchestrate this type of planed venture, and develop it into the principle of operation of all local governments within this country, requires the systematic inclusion of the primary news media and organized education, as well as the political heads of both parties. It became evidently clear that due to the money involved, you either cooperated with the planed venture or were removed from your position.

To my knowledge, the only open and conspicuous mention of any local government's financial statement, the CAFR by any network news, was done on July 5th, 1995, by Mary Flanigan, an ABC network news reporter, Phoenix, Arizona.

Ms. Flanigan in her report gave a close up camera shot of the state of Arizona's 1994 CAFR with the comment that "The Militias of this country are looking into massive fraud involving this financial report completed by all local governments each year."

Ms. Flanigan's segment aired on the 10 p.m. broadcast. The 10 p.m. segment always airs verbatim at 7 a.m. the following day. In this event, her segment which openly mentioned the Arizona State Government CAFR was cut from the 7 a.m. re-air segment. The archived video of that segment was pulled from the ABC video archives, and was not made available for sale. Mary Flanigan was pulled as an anchor reporter the next day, but remained with ABC in another capacity.

Mary is, and was an unsung hero. She was the first to openly mention any local government's financial statement in a conspicuous manner on the network news.

CAN YOU OPENLY AND CONSPICUOUSLY MENTION ANY LOCAL GOVERNMENT'S FINANCIAL STATEMENT, THE CAFR ON YOUR NETWORK PROGRAM?

Keep in mind that if a public company promoted their operating budget to their shareholders and held back their Annual Financial Report from those shareholders, in reality, if done by that public company, every director who participated with that type of fraudulent nondisclosure would be facing a multi-count indictment from the SEC, and would be convicted, sentenced, and serve very long prison sentences for their participation and knowledge of the planed nondisclosure. Local Governments on all levels are doing exactly that.

Openly mention the Annual Financial Report of local Governments today, the CAFR, on your network program. When you do, you will see how pervasive the orchestrated nondisclosure is. Your Network CEOs have received the State and some City CAFRs for over 25 years. Did you ever hear a peep or mention of it?

The editors of all of the primary news print media have received copies also for the last 25 years. Every see the word CAFR in print? The Deans of all Colleges and Universities have received it for over 25 years (And they sign their own CAFR each year). Ever heard of it mentioned in school?

To hold back basic fundamental comprehension from an entire nation since 1946, perpetuating nondisclosure to the public of all local government's Financial Statement, the CAFR required the participation of many. But then look at the money involved.

THE MONEY INVOLVED:

Composite government ownership of common stock (international) is approximately 27 trillion dollars.

Composite government ownership of insurance equity participation is approximately 14 trillion dollars.

Composite government's funding of their own debt approximately 7 trillion dollars.

Composite government Federal and local annual gross NONTAX income is approximately 5.1 trillion dollars. (Tax income Federal and local, 1999, 3.4 trillion) Or total gross annual income, 8.5 trillion for 1999. The total personal income for the entire work force of the nation was 8.2 trillion.

SOURCE: Note section of the 1999 Federal Consolidated Financia Statement. (The Federal CAFR) Link for downloading of the FCFS: http://www.fms.treas.gov/fr/backissues.html

As of June 8th 1998, I personally moved forward to break the ice of government holding back their financial statement and just promoting their annual budget to the public.

Since that time I have had my children kidnapped, abused and endangered by local government. I have suffered many abuses financial and moral based on the intentional and orchestrated attacks on my person from local government officials in Arizona. But then they do what they do, due to the money involved.

I have not faltered and continue to bring forward the basics to the public. This is not my job, it is yours.

So I, and the rest of the country will see your willingness to make simple, open, and conspicuous mention of the most basic and fundamental document of all, governments Annual Financial Statement, the CAFR.

The equivalents in religious terms would be the Bible, Koran, or Torah.

Why have we all heard of those documents and not the CAFR?

Are you a White Knight, or a Black Knight?

Your actions for disclosure or perpetuation of the nondisclosure will answer that question.

Yours Truly, Walter J. Burien, Jr. P. O. Box 2112 St. Johns, Arizona 85936

e-mail: WalterBurien@aol.com Tel: 480-229-1234

Home Page: http://members.aol.com/_ht_a/cafr1/CAFR.html

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