It's time for everyone on this forum to look at themselves in the mirror

[dys]

One of the largest conspiracies in history has been exposed, and all I can hear is crickets:
http://gold-silver.us/forum/showthread.php?44893-The-CAFR-(Comprehensive-Annual-Financial-Report)-Thread
http://gold-silver.us/forum/showthread.php?44790-Documentary-The-Corporation-Nation&p=513734#post513734

I don't know how else to put this-
WAKE THE F U C K UP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!

I ask everyone that has been ignoring these threads, are YOU like one of those sheeple that we love to talk about? Are YOU unwilling to take a hard look at what really is, as opposed to what you have been led to believe?

I think I've got it figured out as to why this one is the hard one to get anyone to SEE-
it directly contradicts the bad guys MOST EFFECTIVE distorted ideologies.

'Scarcity mentality', 'gold is a hedge', 'starve the beast', 'personal responsibility', 'scarcity mentality'...all of these and more should be put to the test by anyone that checks out this conspiracy and is willing to be honest with themselves.

I challenge each and every one of you to take the plunge, challenge your own assumptions, and to check out this conspiracy. And if you can't do that, if you can't so much as debate this conspiracy, then I say you are all a bunch of phoneys that simply decided to choose a different herd than all the rest of the sheep.

That is all.

dys

[big country]

Ponce is that you?!

[osoab]

Thanks for the head pounding. ::)

[LastResort]

I remember starting to dig into this a few years back at GIM1.

I can see where you're coming from Dys.

I had a pretty hard time wrapping my head around it to be honest.

I'll have to pickup where I left off.

[Serpo]

http://www.rense.com/1.imagesH/Sheeple%207%20%28R%29.jpg

[gunDriller]

Thanks for the head pounding. ::)

there's nothing like an enthusiastic pat on the back ! ;)

[Golden]

I imagine that right now you're feeling a bit like Alice.

[Libertytree]

I've actually been thinking about what you wrote and trying to assess matters as though I weren't in 100% agreeance with ya. IOW trying to be objective...For example, lots of folks don't agree entirely with me on Ron Paul and the freedom movement, they claim that it's all BS and that it's just manufactured psyops of a different nature but no matter what they say I'm not going to budge from my beliefs. Another example might be...some people will shout from the rooftops that flouride is the cause for all the mass stupidity we have in the US but I don't buy into that and probably never will, to me it's a whole lot more complex than that.

I guess we ALL have our own personal dragons that we'd like to see slain or at least given their proper attention and we all put varying degrees of importance on them, the hell of it is there's NO shortage of battles that need to be addressed and fought and we all pick and choose the battles that resonate with us the most. It's just human nature but it doesn't mean we're not in the same militia or one is better or worse than the other, we just belong to different regiments on any given day.

I'm pissed too, this is just one more MAJOR thing to be pissed about! I just can't come down hard on those that have chosen other battles and not one of mine/ours.

Personally, I think this topic deserves the utmost attention by those a helluva lot smarter than me. If you want to know where all the money is and where your sovereignty was sold look no further and then you have to ask yourself why we ever had to borrow a penny from anyone? Could it be because we sank all our $$ into these gigantic corps, in all facets of government from local to state to Fed?

WE own these corps and yet they sell us their goods, BS etc.. for inflated frns that were made worthless via the fed printing and massive borrowing.

This is just another HUGE truth that will take time to expose for what it really is.

[dys]

Part of something I wrote to Lib in PM:

I think the reason so many smart people have a hard time with this conspiracy is that it contradicts their personal values. Work hard, be responsible, save money, be frugal, etc....
This thing turns all that on it's head. I've come to believe that we could literally GIVE away a lifetimes worth of assets to everyone in the country and people could sit on their asses all day; especially with technology being what it is.

dys

[Uncle Salty]

Government is the biggest racket going.

This CAFR stuff is old news to me. The thing is, the only way to wake people up on this is through the internet. But this thing is so big, it truly boggles the mind.

John and Ken, here in Los Angeles, who rail against government spending, won't even touch this. I think they fear for their lives on this one.

Time to hit talk radio with this and see what happens.

[dys]

Government is the biggest racket going.

This CAFR stuff is old news to me. The thing is, the only way to wake people up on this is through the internet. But this thing is so big, it truly boggles the mind.

John and Ken, here in Los Angeles, who rail against government spending, won't even touch this. I think they fear for their lives on this one.

Time to hit talk radio with this and see what happens.

A LOT of people won't touch it!
I tried calling a talk show once to bring it up and like 2 seconds after I mentioned it, click! And it was edited out of the show entirely...there is a 10 second delay! What does that tell you?

dys

[chad]

i got kicked off of a city board (industrial development committee) for continually bringing this up. the mayor finally had it with me :D

[dys]

i got kicked off of a city board (industrial development committee) for continually bringing this up. the mayor finally had it with me :D

Care to elaborate? I'm very interested. Thanks.

dys

[JohnQPublic]

Counterfeit Value Derivatives: Follow The Bouncing Ball (http://www.zerohedge.com/news/guest-post-counterfeit-value-derivatives-follow-bouncing-ball)

ubmitted by Zeus Yiamouyiannis from Of Two Minds (http://www.oftwominds.com/blogfeb12/counterfeit-derivatives-Zeus02-12.html)
Counterfeit Value Derivatives: Follow The Bouncing Ball
Here is how the counterfeit value derivative con works. It’s a game of “I pretend, you pretend, we all pretend, and the taxpayer will pay in the end”.
1) I’ll create an instrument, say a credit default swap (CDS), an unregulated insurance with no capital requirements, with a certain “notional” value. Notional value is just something I assign. It does not have to be attached to or backed by any real asset or actual money/principal, but I can pretend as if it is. (Notional amount (http://en.wikipedia.org/wiki/Notional_amount).)
2) As a seller, I will just declare that this swap covers the full value X of this company, contract, etc. if credit event Y happens. I receive lucrative insurance premiums and fees for my unbacked promise. The CDS’s value is based in nothing more than my promise to pay. I don’t have to have adequate capital reserves on hand, but I can pretend as if I do perhaps with some mini-reserves based on objective-seeming risk ratios calculated by my mathematical models. (credit default swap (http://en.wikipedia.org/wiki/Credit_default_swap).)
3) As a buyer, you can then buy as many of these CDS’s as you want, even for a single default. If you are really sure something is going to tank you can insure it 30 times over (or a 100 or 1,000) and get 30 (or 100 or 1,000) times the return when it goes bust! In regulated insurance it is unacceptable to insure beyond the full replacement value of the underlying asset. Not so with CDS’s. The seller has gotten 30x the premiums and the buyer gets 30x value in the event of default. As a buyer of this phony “insurance” you don’t have a stake in the affected properties, but you can essentially pretend you do.
4) As buyer and seller of CDS’s either one of us can assign our risks to a third party through another contract, and pretend as if we are covered in case our own game playing blows up in our faces. This allows us to retain even less reserve capital and spend freed-up funds on more high-risk, high-(pseudo) return speculation. (The monster that ate Wall Street (http://www.thedailybeast.com/newsweek/2008/09/26/the-monster-that-ate-wall-street.html).)
5) We can purchase and sell of these derivative contracts to each other at unlimited rates to generate massive volume and huge fees and profits. We can simply hyper-cycle risk and take our chunk each time.
According to the Bank of International Settlements, as of June 2011 total over-the-counter derivatives contracts have an outstanding notional value of 707.57 trillion dollars, ( 32.4 trillion dollars in CDS’s alone (http://www.bis.org/statistics/otcder/dt1920a.pdf)). Where does this kind of money come from, and what does it refer to? We don’t really know, because over-the-counter derivatives are not transparent or regulated...


read the rest on ZH...

[dys]

Counterfeit Value Derivatives: Follow The Bouncing Ball (http://www.zerohedge.com/news/guest-post-counterfeit-value-derivatives-follow-bouncing-ball)

ubmitted by Zeus Yiamouyiannis from Of Two Minds (http://www.oftwominds.com/blogfeb12/counterfeit-derivatives-Zeus02-12.html)
Counterfeit Value Derivatives: Follow The Bouncing Ball
Here is how the counterfeit value derivative con works. It’s a game of “I pretend, you pretend, we all pretend, and the taxpayer will pay in the end”.
1) I’ll create an instrument, say a credit default swap (CDS), an unregulated insurance with no capital requirements, with a certain “notional” value. Notional value is just something I assign. It does not have to be attached to or backed by any real asset or actual money/principal, but I can pretend as if it is. (Notional amount (http://en.wikipedia.org/wiki/Notional_amount).)
2) As a seller, I will just declare that this swap covers the full value X of this company, contract, etc. if credit event Y happens. I receive lucrative insurance premiums and fees for my unbacked promise. The CDS’s value is based in nothing more than my promise to pay. I don’t have to have adequate capital reserves on hand, but I can pretend as if I do perhaps with some mini-reserves based on objective-seeming risk ratios calculated by my mathematical models. (credit default swap (http://en.wikipedia.org/wiki/Credit_default_swap).)
3) As a buyer, you can then buy as many of these CDS’s as you want, even for a single default. If you are really sure something is going to tank you can insure it 30 times over (or a 100 or 1,000) and get 30 (or 100 or 1,000) times the return when it goes bust! In regulated insurance it is unacceptable to insure beyond the full replacement value of the underlying asset. Not so with CDS’s. The seller has gotten 30x the premiums and the buyer gets 30x value in the event of default. As a buyer of this phony “insurance” you don’t have a stake in the affected properties, but you can essentially pretend you do.
4) As buyer and seller of CDS’s either one of us can assign our risks to a third party through another contract, and pretend as if we are covered in case our own game playing blows up in our faces. This allows us to retain even less reserve capital and spend freed-up funds on more high-risk, high-(pseudo) return speculation. (The monster that ate Wall Street (http://www.thedailybeast.com/newsweek/2008/09/26/the-monster-that-ate-wall-street.html).)
5) We can purchase and sell of these derivative contracts to each other at unlimited rates to generate massive volume and huge fees and profits. We can simply hyper-cycle risk and take our chunk each time.
According to the Bank of International Settlements, as of June 2011 total over-the-counter derivatives contracts have an outstanding notional value of 707.57 trillion dollars, ( 32.4 trillion dollars in CDS’s alone (http://www.bis.org/statistics/otcder/dt1920a.pdf)). Where does this kind of money come from, and what does it refer to? We don’t really know, because over-the-counter derivatives are not transparent or regulated...


read the rest on ZH...

Serious question, if there are no capital requirements, where do I sign up? No joke, someone like me with a very low net worth has almost nothing to lose and everything to gain.

dys

[chad]

Care to elaborate? I'm very interested. Thanks.

dys

we had a recycling company that wanted to come in to our industrial park and set up. no big thing, only about 30 employees. however, i thought it was good idea. economy was horribly depressed, and most of the park was still vacant lots. they wanted a lot near the end, and the rail spur didn't go that far. they wanted the city to pay for putting in the rail spur. it wasn't very far, the quote was about 200k to do it.

the mayor didn't want them because she thought it was a "dirty industry." as an excuse, she continually brought up that the city didn't have any money in the budget to do it. i printed off the cafr, showed it to everyone on the committee, and showed that we had more than enough money to do it, it just wasn't sitting in a checking account.

everyone was pretty much mystified by the cafr. the mayor would bring in the financial guys who would confuse them all with mumbo jumbo, basically saying that "we don't have access to any of that money," etc. all of the other people on the committee were in their 70s, didn't really care, too much effort to figure this cafr thing out, if the finance guys say it's a no-go that's good enough for me- they're the experts, etc. everyone finally got tired of me bringing it up all the time. i was told i would not be reappointed. i moved shortly after that. the recycling plant never got built.

[dys]

we had a recycling company that wanted to come in to our industrial park and set up. no big thing, only about 30 employees. however, i thought it was good idea. economy was horribly depressed, and most of the park was still vacant lots. they wanted a lot near the end, and the rail spur didn't go that far. they wanted the city to pay for putting in the rail spur. it wasn't very far, the quote was about 200k to do it.

the mayor didn't want them because she thought it was a "dirty industry." as an excuse, she continually brought up that the city didn't have any money in the budget to do it. i printed off the cafr, showed it to everyone on the committee, and showed that we had more than enough money to do it, it just wasn't sitting in a checking account.

everyone was pretty much mystified by the cafr. the mayor would bring in the financial guys who would confuse them all with mumbo jumbo, basically saying that "we don't have access to any of that money," etc. all of the other people on the committee were in their 70s, didn't really care, too much effort to figure this cafr thing out, if the finance guys say it's a no-go that's good enough for me- they're the experts, etc. everyone finally got tired of me bringing it up all the time. i was told i would not be reappointed. i moved shortly after that. the recycling plant never got built.

You know what the funny thing is? In a lot of cities, the money actually IS sitting in an account somewhere! But even if it isn't, how simple is it to sell stocks nowadays? The money in these government corporations is a lot more liquid than anyone wants to admit, at least in today's world.

dys

[Libertytree]

Counterfeit Value Derivatives: Follow The Bouncing Ball (http://www.zerohedge.com/news/guest-post-counterfeit-value-derivatives-follow-bouncing-ball)

ubmitted by Zeus Yiamouyiannis from Of Two Minds (http://www.oftwominds.com/blogfeb12/counterfeit-derivatives-Zeus02-12.html)
Counterfeit Value Derivatives: Follow The Bouncing Ball
Here is how the counterfeit value derivative con works. It’s a game of “I pretend, you pretend, we all pretend, and the taxpayer will pay in the end”.
1) I’ll create an instrument, say a credit default swap (CDS), an unregulated insurance with no capital requirements, with a certain “notional” value. Notional value is just something I assign. It does not have to be attached to or backed by any real asset or actual money/principal, but I can pretend as if it is. (Notional amount (http://en.wikipedia.org/wiki/Notional_amount).)
2) As a seller, I will just declare that this swap covers the full value X of this company, contract, etc. if credit event Y happens. I receive lucrative insurance premiums and fees for my unbacked promise. The CDS’s value is based in nothing more than my promise to pay. I don’t have to have adequate capital reserves on hand, but I can pretend as if I do perhaps with some mini-reserves based on objective-seeming risk ratios calculated by my mathematical models. (credit default swap (http://en.wikipedia.org/wiki/Credit_default_swap).)
3) As a buyer, you can then buy as many of these CDS’s as you want, even for a single default. If you are really sure something is going to tank you can insure it 30 times over (or a 100 or 1,000) and get 30 (or 100 or 1,000) times the return when it goes bust! In regulated insurance it is unacceptable to insure beyond the full replacement value of the underlying asset. Not so with CDS’s. The seller has gotten 30x the premiums and the buyer gets 30x value in the event of default. As a buyer of this phony “insurance” you don’t have a stake in the affected properties, but you can essentially pretend you do.
4) As buyer and seller of CDS’s either one of us can assign our risks to a third party through another contract, and pretend as if we are covered in case our own game playing blows up in our faces. This allows us to retain even less reserve capital and spend freed-up funds on more high-risk, high-(pseudo) return speculation. (The monster that ate Wall Street (http://www.thedailybeast.com/newsweek/2008/09/26/the-monster-that-ate-wall-street.html).)
5) We can purchase and sell of these derivative contracts to each other at unlimited rates to generate massive volume and huge fees and profits. We can simply hyper-cycle risk and take our chunk each time.
According to the Bank of International Settlements, as of June 2011 total over-the-counter derivatives contracts have an outstanding notional value of 707.57 trillion dollars, ( 32.4 trillion dollars in CDS’s alone (http://www.bis.org/statistics/otcder/dt1920a.pdf)). Where does this kind of money come from, and what does it refer to? We don’t really know, because over-the-counter derivatives are not transparent or regulated...


read the rest on ZH...

I'll be honest JQP, I kinda have hard time following alot of these financial terms and the inner workings of how the dollars flow. I hear and read them being discussed but most of the time I feel like a lost pup in tall weeds. On the otherhand the CAFR's are in plain sight and not nearly as mystical and convoluted, at least to me.

[ArgenteumTelum]

In some incorporated municipalities, local governments, etc., their articles of incorporation designate that they can only invest in bonds as I recall after having done a small amount of investigating after watching Corporation Nation a couple years ago. In some cases, those same bonds can only be issued by governmental bodies. There would be some interesting results gathered here by looking at your own local and state governments and posting the findings without revealing geographical information.

[dys]

In some incorporated municipalities, local governments, etc., their articles of incorporation designate that they can only invest in bonds as I recall after having done a small amount of investigating after watching Corporation Nation a couple years ago. In some cases, those same bonds can only be issued by governmental bodies. There would be some interesting results gathered here by looking at your own local and state governments and posting the findings without revealing geographical information.

I've looked over the CAFRs of a few of the local towns in my area. Every one that I've seen is perfectly diversified. Stocks, bonds, munis, PMs, futures, foreign currencies, real estate...pretty much every investment you can think of, they have it.
But of course, there are over 185,000 thousand of these things so I've only seen the tip of the iceberg.

dys

[JohnQPublic]

I'll be honest JQP, I kinda have hard time following alot of these financial terms and the inner workings of how the dollars flow. I hear and read them being discussed but most of the time I feel like a lost pup in tall weeds. On the otherhand the CAFR's are in plain sight and not nearly as mystical and convoluted, at least to me.

You do not need to understand all of it. If we take the world's GDP to be 60 trillion (reasonable), then a few banks have leveraged the annual world';s GDP 12x in rislky, off the balance sheet, opaque paper investments (currently marked to book value- if they were marked to market it would all be over). A lot of CAFR's are invested in paper related to this derivatives bubble, and that is why a lot of pension plans, etc. of government workers are in trouble. If we have a black swan event, and this derivatives bubble collapses all at once, the US and most countries currencies could be wiped out instantly. This is why central banks are trying to pump the bubble back up.

[gunDriller]

I'll be honest JQP, I kinda have hard time following alot of these financial terms and the inner workings of how the dollars flow. I hear and read them being discussed but most of the time I feel like a lost pup in tall weeds. On the otherhand the CAFR's are in plain sight and not nearly as mystical and convoluted, at least to me.

me too, i can only listen to so much and my eyes kind of glaze over.

i tried to understand credit derivatives ... that took about a year.

[DMac]

Regarding derivatives, this comment @ ZH (http://www.zerohedge.com/news/guest-post-counterfeit-value-derivatives-follow-bouncing-ball#comment-2124359) sums up the problem nicely IMO:



I wrote this description of the world’s biggest financial problem so people could understand "in layman’s terms" why we are fucked ! Please chime in if you can add to the understanding here. I use the dollar in the description of Credit Default swaps for a basis as they could be denominated in any fiat currency.

Understand that the dollar is the defacto “Reserve currency – Petrodollar” that the world uses to transact business. As that dollar becomes more encumbered with "leverage" its ability to be a store of value has less conviction and faith. The "only" value that a fiat paper currency can retain "is" that conviction and faith.

So, let's look at the reason all faith will be lost in that currency at some point in the future. Since the creation of the FED in 1913 the currency (Dollar) value has been controlled through inflation/deflation. In 1944 the U.S. Dollar through the Brenton Woods agreement was granted “exclusive reserve currency status”.(that status meant that any country wanting to buy oil, food or commodities would have to buy dollars “first” and then they could go into the world market to make their purchase “on” the world market (with those reserve currency notes) also it meant that "If" any country lost faith or trust (through debasement or any other reason) in that currency they could go to "any" central bank in the world and trade that paper currency for physical Gold of equal value.

(Good as Gold) In 1971 Nixon suspended Brenton Woods and took us off the Gold Standard telling other nations that they could not "now" exchange the dollar for Gold as previously promised.

Here is the key to it's downfall:

The U.S. dollar (debt) from 1971 through around 1995 was able to be removed from a balance sheet with little implication through accounting techniques claiming (debt) as a loss and could be written off and that was the end of it.

Here (around 1995) comes Blythe Masters from JP morgan and she creates what is called a "Credit Default Swap" This is essentially an insurance policy on a default to pay back a debt or loan. So, let’s say for shins and giggles Greece is lent 1 trillion dollars by another country. They promise to pay that money back at a set interest rate over time. The CDS (Credit Default Swap) enables financial institutions to purchase a put (Default insurance or a bet against the underlying asset (loaned debt or CDO – Collateralized Debt Obligations) never being paid back. This would be OK if only "ONE PUT" (CDS) was taken out against the chance of that debt not being paid back. The problem "of the whole planet situation right now" is that this debt can be leveraged by 100 "PUTS" or in layman’s terms (for each dollar that was lent to Greece there are $100 betting against "each" one of the dollars lent, that it will default and not be paid back) So, now you have 100 Trillion dollars leveraged against the default of a 1 Trillion dollar loan. So, now Greece cannot pay back the loan (CDO-debt) triggering the CDS from the default on the CDO and now everyone that bought a "PUT" wants’ to get paid on their bet. The next problem is that those financial institutions that sold those "PUTS" are only required to have a 6% reserve (Money held in escrow to pay claims) So, in reality those institutions only have .06 cents per dollar to pay those claims and not the “whole” dollar "required or needed" to pay those claims.

This is why all of these bailouts are created so "NO ONE" is allowed to fail "Triggering" these Credit Default Swaps. The original debt is maintained through interest payments from "newly created" debt (bailouts) because the money to pay those claims does not even exist.........Yet.

So, you say why can’t they just unwind them ?

Answer, is that you can't because everyone that purchased these "PUTS" on “CDO’s” wants’ to get paid because they are classified as an asset on "their" balance sheets.

When the discussion turns to CDS/CDO's at parties or anywhere for that matter, I ask if anyone can explain them so that we can have an educated discussion. No one can, so I give this analogy and everyone sees a little better what the problem is. I know it's not a perfect description but convay's the basis.

Previously posted on ZH;

So, GK wants to buy a house, so GK goes to Joe banker and says hey Joe can you lend me a 100K to buy this house. Joe says sure GK here is your 100K you can pay me back over time with interest.

Then Joe gets back from the closing and says to himself, Hey "what if GK doesn't pay me back, I will be out a 100K. So, Joe calls Allstate and talks to Al the broker and says, "Hey Al I want to buy a 100K insurance policy incase GK doesn't pay me back. Al says sure Joe here is your 100K default insurance policy (CDS). Then after Al gets off the phone with Joe, Al says to himself "wait a minute" "what if Joe doesn't pay me back" and Al quickly calls jerry at AIG and says hey jerry I need an insurance policy for 100K incase Joe doesn't pay me back. Jerry says sure Al here is you CDS for 100K incase Joe the banker doesn't pay you. Then Jerry gets off the phone with Al and says "wait a minute" "What if Al doesn't pay me back and then he quickly calls Zurich and talks to Chad and says "hey Chad" "I need to purchase a 100K policy against Al not paying incase GK defaults on his mortgage. Chad says here you go Jerry a 100K CDS for you and the Chad says to himself........................................... ....................you see were this is going.

So, let’s say this goes 20 CDS contracts deep. So what we have is 2,000,000 dollars worth of credit default swaps written on a (CDO) 100K depreciating asset that is now only worth 60K. Now the leverage went from 20 to 33 because of the deflation in the housing prices. (That’s why there is no mark-to-market)

Now GK's employer just called and is laying GK off "permanently".

The problem is now that the financial institutions that wrote all these CDS's (a ton of American banks) were only required to have a 6% reserve on this 100K worth of exposure (each). So, you see the money does not even exist-yet (our anti deflationary kryptonite backstop and tribute to JS for the saying "QE to infinity") to pay these claims and all these entities must be bailed out to stop the contagion before wiping out everybody.

I used a house as an example and it actually is a physical asset. Most of the CDO's are written against debt (paper, but classified as an asset on balance sheets with "no" underlying physical nothing) Here is where the problems lay. The “DEAL” that they are trying to close is a perfect "orderly" transaction with a 70% haircut (what is perfect and orderly in a panic once these start triggering). It's the reserve of 6% that is the problem. Let’s take our old friend JPM that has a leveraged balance sheet of 44 to 1. If they are in the wrong chain position on the CDS loop and let's say that they have to pay out 5x of that leverage but only receive 2x of the leverage back. ???????????????????

Where does the money come from to pay that net 3x's exposure? (it does not exist...yet, remember the 44 to 1 leverage) hence the bailouts to keep this thing from going full balls out.

There it is, and it's called "Contagion"

So the deflation will trip the balance sheets into default causing the printing of currencies to try and save the system. This can be proven by the labeling of the 70% haircut on Greece’s debt not being classified as a default, hence delaying the massive printing of money to honor them.

Hyper-Inflation Bitchez !

[ximmy]

Is there a "CAFR" for dummies because I read all these posts and I still don't know WTF it is... or does... anybody... anybody...

[Libertytree]

Thanks DMac! Those were 2 really great explanations.

[ximmy]

This is the best definition I've read... thanks dys... Now I can fit the pieces into something verbally coherent... ~ximmy

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

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

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

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

[Hatha Sunahara]

Is there a "CAFR" for dummies because I read all these posts and I still don't know WTF it is... or does... anybody... anybody...

Walter Burien is the closest there is to CAFR for Dummies.

The bottom line is that our taxing authorities keep two sets of books. One is for public consumption, meaning they can report how poor they are, and how badly they need to raise our taxes because they haven't got enough money to keep things runnnig. This set of books is based on the 'budget' which is not a report, but a plan that approximates how much they have to spend, and how much they think they will take in from tax revenues. When they compare expenses with tax revenues, they are conveniently ignoring other revenues they get from investments they have made. The budget then is not a good indicator of their net worth. It is a 'pro forma' (projected) statement of expenses and revenues.

A Balance Sheet however compares assets to liabilities. This is a big secret. Nobody ever talks about the balance sheet. A balance sheet is a statement of an entity's net worth. The CAFR contains the balance sheet for the city, county, state, or the Federal Government. It tells you what their net worth is, and it is embarrasing because they are all poor-mouthing in the budget so they can raise our taxes, while in fact, the governments are very very rich.

Most people have a 'perceptive block' when they are looking at an issue that involves complex relationships. So they lack confidence in asking questions about something they do not understand. This is what allows politicians to hoodwink the public. Those members of the public who understand what is going on are either in on it, or they are marginalized by the media and those who are in on it. The issue here is the integrity of the whole power structure in the USA. ALL the power comes from the ability to control the flow of money. If the truth was known about how much money there is that is owned collectively by the people, the power structure would collapse. That is why they are turning all the governmental agencies into 'corporations' to transfer the wealth from public ownership to private ownership.

Hatha

[Glass]

xmimy's post sum it up nicely. Its business. The Govt is a monopoly. They own the lot. They even own an equitable interest in every business that is registered. Registration = Asigning equitable interest.

Hatha's post is also on the mark as to how they do it. They use Budget finances. Those don't have income as a part of them. They have costs and they have re-venue. So the constituents are a burden and must pay. They never talk about income and people don't know the government gets income. They only think they get taxes aka re-venue.

I've done this CAFR thing back in 07/08 I took a look at state finances here. 04/05 were the last years you could get the Comprehensive reports here. Since then they don't publish them. Now they publish an annual report much like a listed company. It has no detail. I think they are doing the same thing in America but it might take a bit more time than here. Size, number of govts and all that.

What I did determine from the 04/05 reports were that yes CAFR is true and from my modest state it seemed that every resident was entitled to a little more than $2000 dividend from state profits. That was after all government expenses were paid from income and corporate taxes.... already on the books before even considering personal income taxes. So my state can fund itself and pay every resident, all 2 million of them a $2000 dividend and not charge them a single dollar in income tax. Thats per year.

edit: It might have been pay $2000 and collect income tax OR don't pay $2000 and don't collect income tax. I'd need to go back over it. But I think it was no income tax and still a $2000 dividend.

[dys]

You do not need to understand all of it. If we take the world's GDP to be 60 trillion (reasonable), then a few banks have leveraged the annual world';s GDP 12x in rislky, off the balance sheet, opaque paper investments (currently marked to book value- if they were marked to market it would all be over). A lot of CAFR's are invested in paper related to this derivatives bubble, and that is why a lot of pension plans, etc. of government workers are in trouble. If we have a black swan event, and this derivatives bubble collapses all at once, the US and most countries currencies could be wiped out instantly. This is why central banks are trying to pump the bubble back up.

I have to disagree with you very strongly that the pension funds are in trouble. In part 2 of Corporation Nation, Clint Richardson goes over the individual investments of major pension funds for almost every state. Just the stock and cash holdings are stunning...it's also important to note that the pension CAFRs expose the fact that these pension funds are not just contributed to via the employees of corporations- taxpayers also contribute.
Of course if individual funds participate in derivatives on margin, there is risk involved in said funds. Which begs the question- what the hell are the managers of these funds doing risking taxpayer money by playing the leverage game?

dys

[dys]

A couple of things concerning this conspiracy-

1. Considering government encompasses over 185,000 different mini corporations in the USA alone, the task of dissecting the true financial position of government is a daunting one.
2. BUT if one wants to get an idea as to the scope of this criminality, I recommend watching in full all versions of Corporation Nation.
3. If you are willing to invest the time to do this and do some verification legwork on your own, it becomes rapidly apparent that the vast majority of the world's wealth is tied up in government.
4. Also, it becomes apparent that the wealth of government (and thus, this world) is vastly understated. There is a lot more out there than we have been led to believe. I'm not just talking about FRNs and other fiat of dubious value. I'm talking PMs, commodities, real estate, weapons, food...You know, real stuff.
5. Possibly more important than that is the evidence suggesting the true nature of large corporations. If they are all majority owned by government (and as I stated on another thread, think of majority in the 90% range, not the 51% range), they are not private at all.
6. And number 5 leads to some stunning repercussions. Consider the conflict of interest of legislature that is supposed to govern corporations that they themselves are highly invested in. Consider the lack of a paid dividend to Americans for stock and preferred stock that they own. Consider the fact that the decisions of companies that have recently outsourced are made by our government- which is supposed to be us. It doesn't stop there, there is almost no end to it.

dys

[Blink]

We're f*cked......... That much I do know.

[Horn]

I challenge each and every one of you to take the plunge, challenge your own assumptions, and to check out this conspiracy.

I've been busy securing some constitutional peasants for manual labor lately.

Just place a marker here for later digestion.

[Twisted Titan]

The Treachery of the CAFR runs deeper then the Blackest Hole in the Universe.

All you have to understand is three things.

The Skullduggery will not stop in anyway shape or Form

They will kill anybody who get too close to exposing it.

The only recourse you have is to Own tangibles of every stripe and let this thing collapse in on itself.

[Hatha Sunahara]

Are we all like farm animals trying to wrap their minds around the word 'FARM'?

The farmer owns everything and makes all the decisions. The farmer does it all for money. Are the farm animals entitled to a share of the farmer's net worth?

This is class warfare. In this case, the people who control the finances in local, state, and federal levels of government are the farmers. The rest of us are the creatures who go moo, oink, and peep. Would you expect the farmer to tell you how much money he is making off you? All you can expect the farmer to tell you is to work harder. Remember, the farmer is doing this for money.

Does this sound familiar? It's not so difficult for people who work in big corporations to see this. But it's a mind twister to think that the people who run the government are running it for a profit.

I think this is the point where Fascism triumphs. When the government and the corporations are the same thing. Or at least they have the same motivation. They are running 'Tax Farms' and the CAFRs are the Tax Farm's annual reports. Just like they were a corporation--which they are. I'm closing the loop here on the triumph of fascism.


Hatha

[letter_factory]

We're f*cked......... That much I do know.


that's where I'm at. How many times can someone tell you you're fucked before you know you're fucked? We're being fucked from every which way...so what? If you knew you were about to die tomorrow, would you sit around and cry about it, or would you try to make the best out of the situation and live life to the fullest?

[Horn]

that's where I'm at. How many times can someone tell you you're fucked before you know you're fucked? We're being fucked from every which way...so what? If you knew you were about to die tomorrow, would you sit around and cry about it, or would you try to make the best out of the situation and live life to the fullest?

http://cdn.babble.com/famecrawler/files/2011/05/oprah-tom-cruise.jpg

http://gold-silver.us/forum/Government,%20even%20in%20its%20best%20state,%20is %20but%20a%20necessary%20evil;%20in%20its%20worst% 20state,%20an%20intolerable%20one.%20Thomas%20Pain e%20%20Read%20more:%20http://www.brainyquote.com/quotes/authors/t/thomas_paine.html#ixzz1lPpkDgsu

[millwright]

DYS, Im confused by your opening statements in this thread. Have we not been addressing these very issues in their entirety for years here and at the other site?

To me , the very term " Gold Is Money" sums it all up very nicely without all the other BS clouding the issue.

I am also confused about all the refrences to the trillions of dollars being held . There is no money in the system.

The system is nothing more then our labor. My already back breaking labor being made even more back breaking by these criminals standing on top of me. What the f*ck am i supposed to do ? I have children. Age 16 and 13. I have 5 more years. I have told my wife a thousand times , when the kids are of age im gone. The house is sold along with everything in it and i load up my AG and Au and hit the road , with the dogs of course.She can come or not.

If i could be anywhere in the world, it would be walking the spine of the Sierras ,the Rockies , and the Cascades with my dogs . My pack would be laden with what little fruits of my labor i could carry in it and that would be that. In that world, nothing else would matter. But alas, i do not live in that world. My wife watches American Idol and Survivor. My daughter has a smart phone. My boy has an X Box. The system wins. The system has already won. The only way out, is to leave the system. My wife and kids cannot walk the Sierras, and i cannot climb the mountain that is freedom with three other people on my back.

The only way to beat the system , is to not partake. The only way not to partake is to transfer all of your wealth from your labor into Gold and Silver until you no longer have to labor.

[dys]

DYS, Im confused by your opening statements in this thread. Have we not been addressing these very issues in their entirety for years here and at the other site?

To me , the very term " Gold Is Money" sums it all up very nicely without all the other BS clouding the issue.

I am also confused about all the refrences to the trillions of dollars being held . There is no money in the system.

The system is nothing more then our labor. My already back breaking labor being made even more back breaking by these criminals standing on top of me. What the f*ck am i supposed to do ? I have children. Age 16 and 13. I have 5 more years. I have told my wife a thousand times , when the kids are of age im gone. The house is sold along with everything in it and i load up my AG and Au and hit the road , with the dogs of course.She can come or not.

If i could be anywhere in the world, it would be walking the spine of the Sierras ,the Rockies , and the Cascades with my dogs . My pack would be laden with what little fruits of my labor i could carry in it and that would be that. In that world, nothing else would matter. But alas, i do not live in that world. My wife watches American Idol and Survivor. My daughter has a smart phone. My boy has an X Box. The system wins. The system has already won. The only way out, is to leave the system. My wife and kids cannot walk the Sierras, and i cannot climb the mountain that is freedom with three other people on my back.

The only way to beat the system , is to not partake. The only way not to partake is to transfer all of your wealth from your labor into Gold and Silver until you no longer have to labor.

The system is not just labor. The system also includes the fruits of past labor (i.e.- PMs, food, commodities, houses, weapons, etc)- real stuff. And converting all of your labor to PMs wouldn't do a damn thing. Did you watch Corporation Nation in entirety?

dys

[Golden]

#WOTI War On The Internet

http://www.youtube.com/watch?v=uvAECOxsbxM
http://www.youtube.com/watch?v=uvAECOxsbxM
Uploaded by perthtones on Jan 21, 2012

Who is watching the watchers?

[Santa]

A couple of things concerning this conspiracy-

5. Possibly more important than that is the evidence suggesting the true nature of large corporations. If they are all majority owned by government (and as I stated on another thread, think of majority in the 90% range, not the 51% range), they are not private at all.

dys

Or conversely, government is NOT public, and no longer holds a vested interest in public welfare, (if it ever actually did,) but is in fact and deed, a private corporation being run and managed for the profit of it's major private shareholders, and the public are merely a labor force.


Is there any wonder that government run Media has been promoting Capitalism, yes sacred sacrosanct "Capitalism" as if the word meant the same
thing as freedom and the pursuit of happiness? There's nothing in the definition of Capitalism that says Government can't be a private Corporation, after all.

I think a lot of the resistance in this CAFR revelation is simply that cherished delusions are being affected and people hate hater hate having their delusions affected. They'd rather simply refuse to see this shit. In fact, they can't see through their delusions. That's why they're known as delusional. Lol

But of course, beyond this revelation, another layer unfolds, something far far more rotten, insidious, and frightening lurks.

[gunDriller]

when i look at a mirror, i think about this video -


http://www.youtube.com/watch?v=u03S1Nmslw4&feature=player_embedded

there's silver in that there mirror !

i wonder how thick it is ?

[Goatman]

And converting all of your labor to PMs wouldn't do a damn thing.
dys

Then why are we here? Assuming everything in the OP is true, how do we win?

[JDRock]

we DONT at this point....we just stratagize a way to survive under the radar imo...

[gunDriller]

Then why are we here? Assuming everything in the OP is true, how do we win?

we have to tell the truth, and we have to be aware that it's not legal to tell the truth about effective countermeasures to Creeping (& Creepy) Judeo-Fascism in the US.

> how do we win

be as healthy physically as we can possibly be. provide the best possible body chemistry for our minds so that we can cope with a difficult situation - the US government has been hi-jacked by Israel.

with the nutrition & stretching of a professional martial artist or tri-athlete, and some kind of cardio exercise program to also help keep our minds sharp. obviously body appropriate, if you have a bum knee you don't go start running marathons.


the one other obvious thing - if we want an honest media, we will have to build it ourselves, website by website.

[Blink]

that's where I'm at. How many times can someone tell you you're fucked before you know you're fucked? We're being fucked from every which way...so what? If you knew you were about to die tomorrow, would you sit around and cry about it, or would you try to make the best out of the situation and live life to the fullest?

https://en.wikipedia.org/wiki/Slow_slicing ,death by a thousand cuts is what we're experiencing right now.......... its all to break us down.

[joboo]

http://farm1.staticflickr.com/13/15444311_ee692aed97_z.jpg?zz=1
http://www.musicsongz.com/wp-content/uploads/2011/01/Sweet-Monkey.gif
http://images.mirror.co.uk/upl/m4/may2011/0/0/crystal-the-monkey-arrives-on-the-red-carpet-for-the-premiere-of-the-film-the-hangover-part-ii-image-1-658928844.jpg

[Hatha Sunahara]

Or conversely, government is NOT public, and no longer holds a vested interest in public welfare, (if it ever actually did,) but is in fact and deed, a private corporation being run and managed for the profit of it's major private shareholders, and the public are merely a labor force.

Ownership is the issue here. What difference does it make if you are owned by a private corporation or a public government? Rome had a majority of its population held as slaves--privately and publicly owned slaves.




Is there any wonder that government run Media has been promoting Capitalism, yes sacred sacrosanct "Capitalism" as if the word meant the same
thing as freedom and the pursuit of happiness? There's nothing in the definition of Capitalism that says Government can't be a private Corporation, after all.

When the MSM uses the word Democracy, you can substitute the phrase Crony Capitalism without changing any meanings. Cap-italism is a delusion that rich people are free and entitled to own everything, including slaves who think they are free.


I think a lot of the resistance in this CAFR revelation is simply that cherished delusions are being affected and people hate hater hate having their delusions affected. They'd rather simply refuse to see this shit. In fact, they can't see through their delusions. That's why they're known as delusional. Lol

The big delusion is that the vast majority of us--those who have to work for a living are not slaves. That's a very difficult delusion to shed. Nobody likes to think of themselves as slaves. We cling to the idea that we're free--regardless the preponderance of evidence to the contrary.


But of course, beyond this revelation, another layer unfolds, something far far more rotten, insidious, and frightening lurks.

And that revelation is that it has always been this way. What we are discussing is the human pecking order, regardless of the clothes it wears--be they Communist or Capitalist. The greatest delusion we have is that we can change it without changing our own consciousness. It's the biggest delusion of them all we are facing--nothing will change as long as we deny that we have a problem and from our lack of courage, refuse to discuss it. Humanity needs some cojones.


Hatha

[dys]

More from our friend Clint:

In the comments section from one of his blogs http://thecorporationnation.com/?page_id=8:


Bottom line… government as an incorporated entity is much worse than any other form of corporation. Why? Because government makes the laws and rules under which government operates. There is no governing body for government. The king does not pass laws that would hurt its kingdom. They can pass their own laws and then operate completely outside of those laws, while we the people must fight the government within its laws.

So ponder this all you want, or get over this distraction and do something about it. I hope you will choose the latter choice. Act locally, not Federally.

dys

[Awoke]

One of the largest conspiracies in history has been exposed, and all I can hear is crickets:

I don't know how else to put this-
WAKE THE F U C K UP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!

I ask everyone that has been ignoring these threads, are YOU like one of those sheeple that we love to talk about? Are YOU unwilling to take a hard look at what really is, as opposed to what you have been led to believe?


I don't care too much about it, to be honest. The Economic side of the conspiracy is damned to self-destruct sooner or later. It's nothing more than an earthly control measure. Fiat lies.

It's souls, and their eternal fate that are the real concern. And as far as the spiritual side of the conspiracy is concern, I would say that I (and some others here) am doing my part to expose the abhorrent face of it.

Money is just money.

The exposure of satan's rebellion against the Holy Father is something entirely different, and of absolute importance.
That's why I don't get too involved in the money threads, but in this case, you called us all out so I'm answering.

[dys]

I don't care too much about it, to be honest. The Economic side of the conspiracy is damned to self-destruct sooner or later. It's nothing more than an earthly control measure. Fiat lies.

It's souls, and their eternal fate that are the real concern. And as far as the spiritual side of the conspiracy is concern, I would say that I (and some others here) am doing my part to expose the abhorrent face of it.

Money is just money.

The exposure of satan's rebellion against the Holy Father is something entirely different, and of absolute importance.
That's why I don't get too involved in the money threads, but in this case, you called us all out so I'm answering.

All roads lead right to Rome.

dys

[Awoke]

All roads lead right to Rome.

dys


They lead to Babylon actually.



And fear ye not them that kill the body, and are not able to kill the soul: but rather fear him that can destroy both soul and body in hell

[dys]

I meant it as the expression, not literally. It's all connected in my mind. Or maybe you are right and the money stuff is the symptom. Still a mind blowing symptom, though.

dys

[Awoke]

You of all people here should know that this battle is Spiritual in nature.
(Not an attack, just sayin...)

Money isn't a symptom, it's merely a tool to keep heads down and people worried about where their next meal is coming from (Or how to keep up with the jones's). Like everything else, it only works because everyone chooses to take part in it. (Wages, taxes, etc)

That's why the satanic media continually glorifies material wealth among other things.

EDIT to add that I am in agreement with you: It's all connected. Everything.

[TheNocturnalEgyptian]

This is probably the most important issue on the forum to popularize. Dysgenic is right about this.

CAFRs for state governments should be distributed along with a page explaining that every state, town, government, is a corporation that has its own CAFR, which are all investing tax money into public companies, to the point where they are majority shareholders in almost every public company you could name. But these are private corporations (who are the government, or owned by the government) making these actions. They cut "we the people" out, probably due to the nature of our tax agreement. They're allowed to invest with "we the people's" money, yet they claim they don't owe "we the people" for it.

Of course they sell assets which used to be public, to private foreign entities. I think someone called that treason in the video.


Come on people. 185,000 governments(corporations) investing tax money into publicly traded companies, and using that to gain control of and then sell off public assets. The way it is organized, they can claim budget crisis while their assets&holdings are beyond the debt. Then they can sell real property to themselves (different corporation) or some offshore foreign entity.

What do you say to a city that is selling off water-rights while maintaining multi-billion dollar investments? And then a private company owns the water rights?

Huge conflict of interest here. CAFR is huge.



The "administrative corporations" made to assist the "Original jurisdiction governments" of the several states is freaking huuuuuuuuuuge news. Is this not the explaination of the conspiracy? Plus, no-one can deny it. Each corporation is voluntarily releasing a Comprehensive Annual Financial Review each year.

[General of Darkness]

I didn't want to comment in this thread, but I just have to say this to dys. Glass houses muther fucker, glass houses.

[TheNocturnalEgyptian]

I didn't want to comment in this thread, but I just have to say this to dys. Glass houses muther fucker, glass houses.

You're talking about who is doing this; Right?

This thread is talking about how it is being done. And it is important to expose it because a corporation survives even when a flesh and blood man dies. So it is more important to expose the corporate framework! The "who" comes naturally then, this is the PROOF of the "who"!

That's what I gather from your cryptic message. Maybe I'm off base, not a lot to go on.
glass houses

[dys]

I don't care too much about it, to be honest. The Economic side of the conspiracy is damned to self-destruct sooner or later. It's nothing more than an earthly control measure. Fiat lies.

It's souls, and their eternal fate that are the real concern. And as far as the spiritual side of the conspiracy is concern, I would say that I (and some others here) am doing my part to expose the abhorrent face of it.

Money is just money.

The exposure of satan's rebellion against the Holy Father is something entirely different, and of absolute importance.
That's why I don't get too involved in the money threads, but in this case, you called us all out so I'm answering.

I thought about your response, slept on it actually. The thing about this conspiracy is that it's not just about money. The degree of corruption on this thing is so huge that it directly leads to LIFE and DEATH. That's right, people die everyday because of it and thousands of people have already died. As for the people that live, this is the smoking gun that killed freedom. I also want to make a comment about the money- if I owed you enough money to secure your future and that of your family for a generation, we'll say a million dollars, and I had 10 million in the bank, can you say honestly that you wouldn't care about it? Now multiply that notion by every single person in this country and what do you have? This is nothing short of a game changer.

For me, one of the most important things about this conspiracy is that it has the power to unite the people. Instead of 'productive people' vs. 'nonproductive people' dynamic, it's us (everyone- productive and non productive) vs. them.

dys

[Awoke]

Again Dysgenic, it goes back to the commitment that people have made to the fiat. It's their alliegance to "money" that leads us into all sorts of death, destruction, enslavement and oppression, but at the root, money is nothing more than a tool. It's used as a vehicle to aquire "things" and promotes greed, glamour and social-status stratification.

So while I would never bullshit anyone and say that I would "turn down" a million dollars, you also have to bear in mind that I would only be interested in having that because those are the recognized parameters that our society has be guided to work within. I would only take it because those coupons are recognized by the banksters and could be used to create what I really want: To be debt free. (Not just monetarily speaking)

You'd be doing my family a bigger favor if you offered to give me 100 acres of land.

Money is not the root of all evil. Satan is. Money is merely a tool that can drive people to do insane and evil things. The same can be said about beautiful women. (Just sayin...)

EDIT

I read your post again. Want to add to my post.


I thought about your response, slept on it actually. The thing about this conspiracy is that it's not just about money. The degree of corruption on this thing is so huge that it directly leads to LIFE and DEATH. That's right, people die everyday because of it and thousands of people have already died. As for the people that live, this is the smoking gun that killed freedom.


I totally agree.



I also want to make a comment about the money- if I owed you enough money to secure your future and that of your family for a generation, we'll say a million dollars, and I had 10 million in the bank, can you say honestly that you wouldn't care about it? Now multiply that notion by every single person in this country and what do you have? This is nothing short of a game changer.


I addressed the million dollar thing as it applies to me, but this other thing I'm not sure about. In your scenerio, you make it sound as if TPTB have enough money to set everyone free. While that is the truth, it is not in the cards. So it is not a game changer at all. In fact, the fiat debt system is being used specifically to transfer good and wealth away from the general population and into the elite's hands. It's not as if TPTB are dangling a cheque in front of all our noses, that has enough zeros on it to set each one of us free.



For me, one of the most important things about this conspiracy is that it has the power to unite the people. Instead of 'productive people' vs. 'nonproductive people' dynamic, it's us (everyone- productive and non productive) vs. them.

dys

That is how it is. Us versus them. We are seeing people unite. Although the movements are basically leaderless (Besides the cypto-khazars) and messageless (Occupy has no unified solutions to offer), we are still seeing people come together.
I always suspect babylonian manipulation, but whatever. Revolt.

[dys]

Again Dysgenic, it goes back to the commitment that people have made to the fiat. It's their alliegance to "money" that leads us into all sorts of death, destruction, enslavement and oppression, but at the root, money is nothing more than a tool. It's used as a vehicle to aquire "things" and promotes greed, glamour and social-status stratification.

So while I would never bullshit anyone and say that I would "turn down" a million dollars, you also have to bear in mind that I would only be interested in having that because those are the recognized parameters that our society has be guided to work within. I would only take it because those coupons are recognized by the banksters and could be used to create what I really want: To be debt free. (Not just monetarily speaking)

You'd be doing my family a bigger favor if you offered to give me 100 acres of land.

Money is not the root of all evil. Satan is. Money is merely a tool that can drive people to do insane and evil things. The same can be said about beautiful women. (Just sayin...)

Right, 100 acres of land! Substitute money for land, or PMs, or food, or weapons, or oil, or anything else that is not fiat. They've got it all! There is something else, too...something important. Ever notice how certain of the conspiracies from the GIM1 days and before are leaking into the mainstream? You hear Ron Paul talking about the federal reserve. You hear certain economists talking about PMs, etc...
You NEVER hear anyone talking about this. No one will touch it. Try calling a talk radio program and bring up CAFRs and you will be disconnected in a quarter of a second. What does that tell you? (not just to Awoke, to everyone)

dys

[Hatha Sunahara]

I finished watching Corporation Nation last night. At the end, there was a comment about how Ron Paul carefully does not talk about the CAFRs. When he says Audit the Fed, he means look at the Fed's CAFR. And that is what the video does for the last 10-15 minutes. It does what Ron Paul won't talk about publicly--mostly because he is aware of how big this conspiracy is and how fast it can destroy him.

So, I agree with Dys. It is huge and dangerous, and obscure. All you can really do is point to where people can learn about it. There is too much money and too much corruption covering up this hijacking of the collective wealth of the people.


Hatha

[dys]

I finished watching Corporation Nation last night. At the end, there was a comment about how Ron Paul carefully does not talk about the CAFRs. When he says Audit the Fed, he means look at the Fed's CAFR. And that is what the video does for the last 10-15 minutes. It does what Ron Paul won't talk about publicly--mostly because he is aware of how big this conspiracy is and how fast it can destroy him.

So, I agree with Dys. It is huge and dangerous, and obscure. All you can really do is point to where people can learn about it. There is too much money and too much corruption covering up this hijacking of the collective wealth of the people.


Hatha

For anyone that hasn't watched the vid, the federal reserve CAFR plainly states the amount of money that the federal reserve earns in interest from federal reserve notes. I don't remember the exact number, but it was huge. In my mind that ends the argument over whether or not the federal reserve truly earns interest by creating FRNs.

dys

[TheNocturnalEgyptian]

Again, for anyone missing the point, when the govt claims budget shortfall, they are not counting their assets held in stocks, which you can plainly see in the CAFR. So city governments are claiming "no money" and selling water/mineral/air rights to private foreign entities, all while having multi-billion dollar investments in basically every single company you can name. They are majority shareholders in staples inc, sony inc, cigna healthcare, aetna healthcare, and then claiming that they have no liquid money!


The other thing that strikes me, this is new. This wasn't even around in the 50's or 60's. Most of it has happened in the last 30 years. I just don't see any argument to not popularize this. I'm going to watch the documentary AGAIN.

[gunDriller]

For anyone that hasn't watched the vid, the federal reserve CAFR plainly states the amount of money that the federal reserve earns in interest from federal reserve notes. I don't remember the exact number, but it was huge. In my mind that ends the argument over whether or not the federal reserve truly earns interest by creating FRNs.

dys

how do they handle the disbursement of the funds to the owners of the Federal Reserve ?

is it a bunch of connected Jewish families that get checks in the mail, like if you have a stock and it pays a dividend ?

[dys]

how do they handle the disbursement of the funds to the owners of the Federal Reserve ?

is it a bunch of connected Jewish families that get checks in the mail, like if you have a stock and it pays a dividend ?

The hell if I know but boy would I like to find out. This one really is the MOST protected secret out there...you ask anyone in government and all you hear is crickets. No one will even touch it.

dys

[dys]

we had a recycling company that wanted to come in to our industrial park and set up. no big thing, only about 30 employees. however, i thought it was good idea. economy was horribly depressed, and most of the park was still vacant lots. they wanted a lot near the end, and the rail spur didn't go that far. they wanted the city to pay for putting in the rail spur. it wasn't very far, the quote was about 200k to do it.

the mayor didn't want them because she thought it was a "dirty industry." as an excuse, she continually brought up that the city didn't have any money in the budget to do it. i printed off the cafr, showed it to everyone on the committee, and showed that we had more than enough money to do it, it just wasn't sitting in a checking account.

everyone was pretty much mystified by the cafr. the mayor would bring in the financial guys who would confuse them all with mumbo jumbo, basically saying that "we don't have access to any of that money," etc. all of the other people on the committee were in their 70s, didn't really care, too much effort to figure this cafr thing out, if the finance guys say it's a no-go that's good enough for me- they're the experts, etc. everyone finally got tired of me bringing it up all the time. i was told i would not be reappointed. i moved shortly after that. the recycling plant never got built.

Something just occured to me...do you know who these 'finance guys' were? Like their titles and what exactly they do? Imagine the pressure we could put on these corporations if we knew the names and titles of the actual people responsible for managing these assets. We could start by getting large numbers of people to demand their fare share of the assets in the form of dividends...maybe sue them personally, call their offices, demand transparency, etc etc.

dys

[chad]

sure, they were all city employees. 4 of them made the rotation. city finance director, city treasurer, deputy city treasurer, and city risk manager.

[MAGNES]

Is there a "CAFR" for dummies because I read all these posts and I still don't know WTF it is... or does... anybody... anybody...

I'll speak to dysgenic here, it is his job if he feels strongly about
this and has the knowledge here to build some threads and do
some highlights, etc, but he isn't doing that, I have done that on
here with many of my threads, especially on NeoCons.

The biggest problem with this material is that it varies, so a case
study should be picked and dissected, find a more extreme one
to make your case and then tell everyone this is going on across
all States and Municipalities, etc, this varies from State to State,
even at the Municipal level, county level maybe, so speaking in
general to it, it's just information overload and you can't really
prove and show anything, how big this is, etc . People at their level
have to fight this, cause it varies, your city, town, state, etc,

I stopped reading in this area a long time ago.

Too many issues dealing with corruption.

Non of this is new nor news though, many reading from Ruppert
from the Wilderness, Catherine Austin Fitts ?, that goes back to
pre gim days. Some of the claims seem pretty fantastic though that
I have seen. One good example would be Pensions and assets allocated,
legally they belong to the stake holders. They don't belong to the State,
even though an aspect of the State may control them.
Some Union may be involved as well.

Even if everything is above board, it is clear that there are serious
conflicts of interest, State Actors have a conflict of interest, they are
shareholders in major corporations, people end up being their cogs
in the machine, instead of the government being of the people,
instead of corporations being for the people, both have reduced us
to their servants, and they are working together.

And this is a big part of Globalism they are selling.

Enron is a case study here. They lost big money on Enron.
Fake profits, rigging markets, foreign corruption, damaging
states, damaging California, at the same time nothing was
done and many government entities were shareholders and
did nothing to stop this until they blew themselves up.
And all the records for prosecution were in WTC7.

I wanted to add NocEgyptian has a good take on this.

You can't really point to the Jews here, other than the Globalism aspects
of it, you can point to government power and encroachment, taxes, etc .
Limiting the state is key here. Transparency.

[Golden]

Something just occured to me...do you know who these 'finance guys' were? Like their titles and what exactly they do? Imagine the pressure we could put on these corporations if we knew the names and titles of the actual people responsible for managing these assets. We could start by getting large numbers of people to demand their fare share of the assets in the form of dividends...maybe sue them personally, call their offices, demand transparency, etc etc.

dys

And when the bastards won't compromise?
Can America follow the Iceland model?

[Buddha]

I was gonna say basically the same thing as Nocturnal. The budgets that are talked about so much are the tax budgets, income from taxes and how much spent. The CAFR is the real balance sheet, total assets. This includes a vast amount of stocks, and what not in major companies, Microsoft, Sony, etc. The Goverment acually has majority share in these companies, vast majority share. They own lands, roads, tunnels, treatment plants also which they sell off to "private" firms for futher profit. The private firm then runs what ever they bought for a profit.

The budget we hear about only considers tax revenue. The CAFR is the true balance sheet, considering all assets. Hundreds of billions of dollars, yet we hear constantly that there is no money. It may be true that the tax budget is short or whatever, but there are vast unseen (by the public) liquid funds that are way more than enough to cover it.

[gunDriller]

And when the bastards won't compromise?
Can America follow the Iceland model?

if American ever demonstrated the independence form the banksters that Iceland has, American might not need to default on the debt.

the identity of the criminals is obvious. Corzine is one of the obvious ones. They have $trillions in assets to seize.

but the US government won't touch them - cause they're mostly Jews, just like the US government.

[dys]

I know I sound like a broken record but I have to repeat that these corporations hold many other assets other than stocks. Real estate, land (I think Clint said government owns something like 97% of all Las Vegas land, for example), PMs, cash, foreign currencies, futures contracts, oil, food and other commodities, weapons, industrial equipment, and anything else you can think of. This is extremely important because even if all the fiat goes 'poof' tomorrow, they still retain their power (maybe even moreso).

Furthermore, the stocks that these corporations own are often preferred stock, and they often have proxy voting powers accompanying their holdings. This means that a handful of people in some boardroom are voting and influencing major decisions of the largest corporations in the world, and it's all done in secret. Things like pricing, outsourcing, hostile takeovers, monopolizing behaviour, union breaking, globalization, etc; and these people work for the same entities (government) charged with regulating, legislating, and policing these organizations. As I said in another thread, this is so bad that there is virtually no end to the potential ramifications of such a system. Think market manipulation, waivers and exemptions, price fixing, monopolies, payoffs, bribery, blackmail, subversion, treason, sedition, money laundering, shell corporations, off shore accounts and other accounting chicanery, collusion, dissident silencing, etc...I'm sure all of it goes on to a greater or lesser extent (and I'm betting 'greater'). What's worse, if these publicly available CAFRs demonstrate assets of hundreds of trillions of dollars, what do you suppose they really have when you consider the overwhelming likelihood that they have hidden assets that far surpasse those in plain view?

dys

[Awoke]

Honestly, I think the level of corruption you are shedding light on with regard to these CAFRs is basically par for the course.

I'm not discounting the importance of it, I am just saying that nothing surprises me. It would make sense to the diabolical bastards to basically own everything on earth, not just the money.

That's why self-provision, survival skills, country living know-how, and Faith in the Lord are the most critical components to any prepper imo.

[dys]

Honestly, I think the level of corruption you are shedding light on with regard to these CAFRs is basically par for the course.

I'm not discounting the importance of it, I am just saying that nothing surprises me. It would make sense to the diabolical bastards to basically own everything on earth, not just the money.

That's why self-provision, survival skills, country living know-how, and Faith in the Lord are the most critical components to any prepper imo.

I agree totally with the 'nothing surprises me' aspect. I'm in the same camp. But the reason this conspiracy is such a game changer is that it could (or in my mind should) change certain entrenched perspectives that divide us. For example, how many on this forum are anti union? Unions have taken a friggen pounding on this forum and others like it. People think the money is coming out of THEIR pockets to fund wages of these unions, and that just isn't factually true. Now that I've seen some of these CAFRs, why shouldn't those that work for the government see HUGE pay increases? Why shouldn't all of us?
How many of us are 'anti entitlement?' Why shouldn't all of us get our fair share of these assets (or 'entitlement' if you prefer, which is itself a word borne out of propaganda as it's a loaded epithat)? Why shouldn't all of us have things like free housing, free healthcare, free schools, free dental, etc...??? We've collectively got the money and then some.
For that matter, who works for the government? Anybody that works for a medium to large corporation does! Forget the notion that the private/productive fund the public/nonproductive and all that nonsense. It's just not true. All of the divisive rhetoric of the bad guys are exposed as a sham. There are the 'haves' and the 'have nots' and we are all in this together and this conspiracy proves it.

dys