CAFR Reports ~ How Your Government Outright Steals Your Hard Earned Money From You

Video Transcript:

Hi, welcome to another video from a plain truth dot info. And on this day, July 4th, 1776, where the United States of America has got all their red, white, and blue flags flying as they think it's patriotic as we the people and the United States citizens are celebrating their independence where nothing could be further from the truth. So let's debunk all this a little more over the founding fathers, ordinary people, and then we'll get into taxation and then we'll get into the K for reports where they hide all the excess money, steal it, skim it from the top, putting it off short accounts to the tune of tens of trillions of dollars. So this is from a piece last two years ago, 2015, Scott Walker, governor who's running for president tells the audience a story about his first visit to independence all in Philadelphia, where the founding fathers all 55, 56 of them, all white men, all rich landowners, we're trying to set up the we the people country and you know, omit women away, omit Native Americans, omit slaves, you know, just but just we the people that own land. So Walker as many times called the founding father, ordinary people, and while campaigning campaigning, he emphasized that he himself was didn't come from wealth or providence, even bagging bragging that he bought a sweater for a dollar. So let's rewrite the little history here from what people are selling us into what's really happening. According to Brown University, Emeritus history professor Gordon Wood, author of creation of the American Republic, the founding fathers, they were elit of the day involving the highest levels of society, and I'm not going to get into it here, but folks just take a look at their homes. Here's George Washington's home, and the home was so big, it was known as Mount Vernon. The guy had a whole mountain, Mr. George, founding father didn't tell a lie, worked for the Jesuits, Freemason, James Madison, fourth president grew up in plantation as family owned in Montepelia. They had to have a whole name for it. Look at the size of these estates, folks. In 1732, James Madison became the sole proprietor when he was able to retire from public life after he spent his time in politics, and he spent the rest of his life expanding his mansion. He had tons of money, folks. Thomas Jefferson was said to be so broke that at his death, he had borrowed so much money from the government that they took all his books in his library and formed a library of Congress. It looked what he was able to build, it still stands on his estate called Monichello. These are ordinary people, folks. John Adams, look at this estate, folks. Quincy Massachusetts just outside Boston, he bought it at the end of the Revolutionary War. Where did he get all this money? They were broke. They were done with scripts. Abraham Lincoln had to come up with a greenback. They were so broke. John Adams had a pretty good mansion here. Ben Franklin, he didn't go for the mansions too much, but then over here we got Alexander Hamilton, the British nobility, the man who founded the currencies, the banking system, and run the money, started the money system. His success in politics and law, making all this money allowed to commission architect John McComb to design a country home on his 50 acres of land in Upper Manhattan, and what now called Hamilton Heights in Harlem. So you see folks, these guys just had incredible wealth. So let's get into the taxation without representation or taxation with representation. They both stink and it's both to enrich the rich and keep us poor and enslaved. So let's get into it. So I want to start with on July 4th, 1776, it declared day of independence from the British or no independence whatsoever, were massively in debt and were being worked. This is from the economic collapse blog. Americans will spend more than seven billion hours preparing for their taxes and hand over four trillion dollars to federal, state, and local governments. This is your work. This is your earnings folks. You're handing it over. 30% of what they earn will pay their income taxes. Most people work till April 15th, tax day, just to pay their taxes every year. By the time all is said and done, a significant portion of the population ends up paying more than half of what they earn to the government, which is as I showed before, is a corporation in the previous videos. So you can look at all these taxes, airport transportation, cigarette tax, dogs license fees, tax employer, Medicare tax, social security tax, state tax, detection when you're born, tax when you die, federal unemployment taxes, fishing, licensing taxes, gift taxes, gasoline taxes, garbage taxes, highway access, hazardous waste taxes, hotel taxes, hunting license tax, import tax, inheritance tax, individual health, inspection fees, IRS tax, penalty taxes, library taxes, liquor taxes, local corporate income, state, school taxes, luxury taxes, marriage license taxes, Medicare taxes, parking meters, passport fees, property taxes. Think of how people own property and how much revenue comes in, money comes in for property taxes folks. It's amazing. Real estate taxes, toll booth taxes, state corporate taxes, income, state income, state park entrance fees, telephone taxes, tire taxes, traffic fines, use taxes, utility taxes, vehicle registration, water rights, well permit fees, workman compensation, zoning permit. When the federal income tax was originally introduced a little more than 100 years ago, most Americans were taxed at 1%. The US tax code is now 13.8 million words long. 75 years ago, it was two pages long. Today, it's 198 pages on the 1040. There's 4,428 changes to the tax code over the last decade. Ignorance is no excuse. The IRS has almost 2,000 different publication forms and instruction sheets. And here's just an obvious 146 different tax professionals, completed tax return for a hypothetical household. All 46 came up with different results. This is also like how you allow you to drive at 65 or speed limit on a freeway might be 65 but everybody drives 75. Everybody's breaking the law in one way or the other. All right, so let's get into K for the comprehensive annual financial reports where they skim money off the top, put in offshore accounts, and keep telling us we're broke when we are clearly not broke. So let's get into the comprehensive annual financial reports or known as K for C-A-F-R. But I just wanted to show you where we're ending up. The super rich hold over $32 trillion in offshore havens so they don't have to pay taxes, siphoning off from the government as we'll show. This is from the huffing from Reuters. The study estimating the extensive global private financial wealth held in offshore accounts excluding, excluding non-financial assets, such as real estate, gold, yachts, and resources puts the summit between $21 and $32 trillion. Now remember folks, this is back in 2012, July 22nd. The report also highlights the impact of the balances of 139 developing countries of money held in tax havens by the private elites putting wealth beyond the rich of local tax authorities. The research estimates since the 1970s, the richest citizens of these 139 countries that had masked 7.3 to 9.3 trillion of unrecorded offshore wealth by 2010. Private wealth held offshore represents a huge black hole in the world economy. No shit. Well, let's see how they got all this money folks. It's the K for you need to learn about the K for reports, comprehensive annual financial reports. All right. So this is from a post I did a couple years back and all the credit goes to Walter Bruin and Clint Richardson out of Utah who brought this to the public's attention and I happen to pick it up and it's really important that we start understanding where our money goes when we pay all our taxes and pay to the government. And as I proved in the other videos, previous US government, Washington DC is a corporation held in state by the city of London and the Vatican and you can go back and do the research there. So questions. Where does our state, muni, sales, corporate income schools and tax money go when we pay it? Okay. Where does the how come we're always broke? Where does the pension money go from a government holds of ours for decades? Where does our insurance money go? What does a lottery money collected go? Where does social security money go? Workman's compensation paying. Why do we pay taxes for schools if we have no children? Where does the money go if someone dies before collecting their social security even though they paid in every year since they've worked until their death? If gas taxes go to fixed roads and bridges, if property taxes and buildings go to build local utility and infrastructure, if sales taxes go to support local infrastructure, then where does our local, state and federal taxes go that we pay into each year? All right. So let's get into it. So again, this is from a post I'll put in here, but it's titled the greatest scam. We're not broke far from it. The easiest way to steal money from someone is them to never know they had it in the first place. Okay. And just a sidebar why we pay taxes and every personal answer the exact same way we've been programmed like little little parents. If we don't pay taxes, come on folks, fill it in. If we don't pay taxes, we will go to jail. Even my fifth grade children kids I talked to they say the same thing by fifth grade they all know they'll go to jail. They don't pay their taxes. It's been programmed into us. All right. So what if you found out, what if you were to find out that most if not all state county and city governments in the United States are not broke? What if you were to find out that the money we've been paying into our governments is immediately invested with banks and laws and that it's past and it's past that makes it illegal a laws past that makes it illegal to use the investment money to balance our budget deficits and that each state has millions of shares of stocks and bonds and investment accounts that it could sell to balance the budget. These are investments accounts folks. These aren't balancing budget accounts and they differentiate it so they could hide it as we'll get into. Now what if you learn that there is enough money in these investment accounts to get completely out of debt and have money left over for a very sizable refund every man, woman, and child and that it represents 83% of the wealth in the stock and bond markets. What if you could find all this information in public records under each state and municipal's comprehensive annual financial reports which anyone can Google and see for yourself? So what they did is they created these investments so when the money comes in they invest it and when it's held it's invested and then they declared that you cannot use investment money to satisfy budget deficits. How cool is that? And this has been going on for decades. So every county, state, city, and municipality has a budget detailing costs and expenses. These budgets do not include total gross receipts. For many years people accepted the counting practices that guide these formal budgets. Walter Burin had spent over a decade investing the comprehensive annual financial reports. He was a former commodities advisor. The CAFER or Comprehensive Annual Financial Report has never mentioned the media and virtually unknown to the public but it confirms the existence of a parallel government accounting system that only shows the public one side the story. So if they claim we're broke and running a deficit but in fact we have billions and trillions of dollars in our budget surplus. These are under the investment accounts. Have you ever noticed that when a bond or proposition gets passed in your state for a construction land management project the actual project itself sometimes isn't scheduled to begin until months or years in the future. It's even written in their most bills that the project won't start a far offset future date. So here comes the money in they invest it they collect interest they make money on it and then it can't be used to balance the budget only the money designated for the project is used and that's not all they have many different ways they do this scamming or skimming the money for the proposition or bill is immediately raised upon passage of legislation the taxpayer money gets directly into what we call a holding account then it's invested a gains interest it builds up extreme wealth and months of years of interest in capital gains and investments from the original taxpayer funded money when it comes time to use the original amount of money for the project the capital gains that that supposedly dormant money are separated from the original in the holding count and stays in the government's discretionary investment coffers and we'll get into discretionary funds in a little bit here so the profit is no longer considered tax since it was earned by investment or by a crude interest here's how the legal ease comes in they call it an investment tax not a budget okay so mainly another investment funds called fiduciary and enterprise funds these are the two over overarching funds that govern the money when they siphon it off when it comes in grease the pockets of the in and no politicians and corporations and other people some open what are called self insurance funds and then draw dividends for themselves and their fellow conspirators for the rest of their political careers by insuring themselves with their own insurance funds and the cycle goes on and on and on get this for the last 70 years this is why the politicians never leave office the Nancy Pelosi's the you know the you know all of these guys that are in office never leave office because they're all in on the scam and they're getting paid in credible wealth they're making incredible wealth in their self insurance funds so the money made on these individual government investments is not shown because it's it's not the taxpayer budget any longer and that doesn't have to be accounted for by the taxpayers again credit to a Clint Richards and that a reality blog which I'll put in put in the notes he's done extensive work on this and you can go through this it's pretty long piece I did on here where does all the taxpayer investment got a money go as I showed you 32 trillion dollars and that is back in 2012 is hidden in offshore accounts much bigger than that here's Walter Buren's account the biggest game in town all right so K-Fur what is the definition of K-Fur it's commingled fed usurian enterprises funds and it's the other set of books that includes all the government income investment and assets commingled funds that the fiduciary investment in enterprise like lottery pensions workman comps public utilities public golf courses and churrences and tax revenues and expenditures so fiduciary is investments in the enterprises all the other taxes ioios so it's off to work I go all have been broken down into individual funds with their own profit and loss and balance sheets that require a comprehensive financial report to fully understand the total value these reports the only place we can view the full extent of the government's funds investments in holdings and the use of them it's set up as a simple quick evaluation to show total income total assets total investments and total net worth never repeat about the public due to money money control involved the government's from all across the country have been developing their own non-tax income for over 65 years if you want to search for the K-Fur any state municipality golf course utility whatever just put in comprehensive annual financial reporter K-Fur and you can see where the money is here so the K-Fur set up to be in evaluation tools we said it cost $30,000 a year to maintain a house Sarah salary or income was a hundred thousand year and we had a million dollars in investments and our total net worth was three million what if we talked only about our $30,000 budget as being our net worth it would be ludicrous but this is what the government does okay so is this an international intentional scam you bet you this has been going on for 65 to 70 years they just happen to leave out decades and decades and decades of investment wealth that has been building up the decades and decades of an enterprise and venture projects have created are created separately from the budgetary process the K-Fur was created by a group called the government financial office association in 1946 is when they started accounting for it and there are over 54,000 separate corporations within a local government 54,000 in each local government folks these every K-Fur report is a separate corporation a city is a corporation a state is a corporation a school district is a corporation each filing their own separate report they see the tens of billion dollars they never know existed in their floor then I bring to their attention you're just looking at the state report let's look at Washington it has 64 billion in liquid investment funds now the state of Washington has 2300 separate local government corporations filing their own separate reports in the cities, counties, school districts and authorities now remember they get investments and they get interest on this folks so they make money on the money of other people's money it's called OPM other people's money and then they invest it into clear we can't use it for the budgetary process and so that's why we're always broke the president of the country is a lawyer along with his wife and his back in the Clinton days for more than half of all US presidents 56 of 100 senators over 35% of the congressmen and most state governors are all bar attorneys bar stands for British accredited registry registered in the city of London and they're all lawyers so they all know about this and that's why they are still in power so comb excuse me comb angle funds their government mutual funds not included in the state budget reports they're separate so they have to keep it is not allowed to be a part of the budget accounting as I've said a few times now and there's the two type of main funds the enterprise fund and the fiduciary fund each time money comes in there's a separate fund with a separate profit and loss of schedule revenues and expenditures dedicated solely to that fund but put under the overarching comb mingled funds all right so the enterprise funds is the operations of government an enterprise k for is established to account for operations if I do share a fund is based for investments these investing use our money to make nine budget profits and investments partnering with private businesses banks and other other other countries the fund accounting also has been applied for investment accounting portfolio accounting and security accounting all synonyms describing the process of accounting for portfolio of investments such as securities commodities in real estate held in an investment fund such as a mutual fund or hedge fund all right so let's take a look at California and how this actually goes about in breaking down two three years ago the California was in a terrible state budget in 2008 2009 and there was closing down California parks and said they discovered that there was an excess of deficit of $55 million only problem is the Sun Mercury News reported that there was $2.3 billion found in 500 accounts under the K for state the park fund so this was brought up and then it was it was shuttered by immediately the article was closed they happened to catch it and copy it but 2.3 billion in the state park fund while they're declaring there's a 55 million deficit this is just one example of how they do it and here I list all the money and the different funds or the Clint Richardson did actually I'm sorry and posted this all and this will be in the show notes just just look how much money we're talking about here so here we have over 20 billion dollars in the total special revenue fund and then we go into the enterprise funds this is just California folks 34 million three billion 159 million then we get to the pension and employee me trust benefits these are paid into money that gets invested and then they tell us there's no money there folks because they steal it and put in their offshore accounts judges retirement fund all of these pension funds University California fund 55 billion dollars folks and they're raising tuition on everybody and Janet Napolitano the Jesuit to running the University of California stealing funds and having lavish parties and whatnot it's all a scam it's all a scam folks we gotta wake up all right so this is under hiding the money in thousands of thousands of government funds so government accounting is different a government entity has many coffee cans or funds and money comes in and goes out a big government entity has hundreds even thousands of coffee cans what money is allowed to go in a particular coffee can is determined by law and you can't just take money from one and put it another the general fund can take money from anywhere taxes fees assessments and so on but the debt service fund can only take money from certain sources the revenue fund can only take money from certain revenues a special assessment fund can take it from that particular assessment this is the game they play to help you in understanding let's say you have a checking account with a thousand dollars in the savings account and ten thousand dollars in two different banks you only reported the government that you had one thousand dollars as your debt worth because you didn't want to use your savings to pay your bills tax player obligations you'd be audited and put under federal debtors prison but for the government this simple designation of non-governmental or non taxpayer income and investment returns allows them to hide all of this wealth of the people and the budget report while never mentioning the funds and wealth that's in the K for report this is our money we've paid into folks this is our money so Clint Richardson on page 107 of California Cafers shows six billion annual interest cost and 164 million state debt are also cover-ups when contrasted with taxpayers investment a sharp irony is that many of Californians investments are in other government debt securities this means a net loss to taxpayers as one group pays another another interest minus the cost of creating managing the debt now remember when every investment banker does a transaction they get a fee on top of this this is where they create all this wealth California has over five million shares of Morgan Stanley stock and bank america stock and city corp they could sell off all of these and have incredible wealth as I'll show you and each California here it is down here would receive over fifty thousand dollars if six hundred billion was returned to California's twelve million households yet nobody even knows about this our pension funds we could access our pension funds and the money that the the local municipalities have and we could keep it at home instead of investing in offshore accounts investing in international funds national funds and even state funds what if the local municipalities were able to take care of their own with the I know in Mendocino County there's over two hundred and thirty million dollars in the pension funds and we had a choice of how we invested it in our local communities just think about that for a moment folks we could change everything in a heartbeat the state claims they need to over-tax Californians three hundred and twenty times just to pay their bills all right so let's move on I can get going on this in for days so let's add up what we found here and see off California could pay off its debt tomorrow and never have to issue a taxpayer bond again so here we see the special revenues funds these these is all money sitting there that they all get interest on and putting their offshore accounts folks every day just rings up they don't do anything they steal our money putting in these separate funds by law and then they just take it I don't want to get into the California tax fund but here let's take a look at L.A. the county of L.A. had a budgetary basis in 2007 of 17.5 billion dollars from 2008 to 2011 L.A. promoted how they were pulling in the belt and how they had to pull in the belt and cutting back expenses the reality of the situation for those five years in the K for report showed that the increased the budgetary income from 17.5 billion to 25.8 billion an increase of 8.3 billion or 47% increase as they promoted a population there in dire streets and having to cut back and we have to pay more and more are you getting how this works I hope so so money like just here is this calipers just happens on five million shares of Morgan Stanley JP Morgan 11 million shares these are all money that they've bought these stocks with our money on folks called them investments and said we can't use it to balance the budget yet it's all in Wall Street it's all in the Wall Street game so here's how how's the California pension fund scam it's a special case this is a worldwide pension system so we're under the Roman Social Security and it's a worldwide pension system and I'm going to show you how the Social Security is under a worldwide a pension system that we're under so the taxpayer money is being contributed to these pension funds with no benefit to the majority of the tax holders in the state employees themselves have no equity in the taxpayer portion of contributions that are given over to the pension funds and is the property of the government fund not the employees so they put in the investment accounts and you never see it again so let's look how much they've contributed 18 billion dollars six billion from corporations from employees taxpayers 12 billion remember that the so-called budget deficit was coded by the governor in 2012 was only 15.7 billion revised from 9.2 billion so here's contributions totaling what is that 37 billion dollars and they're saying that the budget deficit was 9.2 billion we could pay off the deficit deficit in a heartbeat this means that 37.6 million people lived in California as of July 1st 2011 paid over 12 billion to support state employees by allowing the California government to give their taxpayer funded money to the pension and fund systems okay I hope you're getting upset you should be all right so I want to go over how the California lottery works now this is another scam so they have a lottery in every country or in every state in a lot of counties I think are doing them too so here you pay in your money over six months let's say they take in 25 30 million dollars or something over this period of time well every time the money comes in every dollar every day it gets invested they have overnight investment rates you can make money in a matter of hours so as soon as the money comes in over months it gets invested so the lottery fund cash is put in the electric fund transfer and the risk management fund and the California police office for moral fund and the surplus money investment fund California has taken in 59 billion dollars in lottery proceeds since 1985 they're required to contribute almost 30 billion to the education fund and 30 and a half billion is paid out to lucky winners over time with 19 billion in operating and administration expenses 19 billion in operating and administering expenses just give out a lottery ticket and give people back the money they took in crazy huh lottery money comes in through the ETF and is put in a fund invested by the state weeks and months of invest increases increases the the government takes and keeps the investment than a winner is declared but by law they must pay half close to half and that kind of money on taxes so the government simply says would you like to pay out over 26 years where they can take your money that they've taken in let's say it's 50 million dollars they're paying you 25 million over time so they get to invest it or they can pay you the 25 million out of the 50 million and they get to keep the 25 million in investment funds all the while they made money while investing your money as it came in while they were making the lottery until the date it was funded see how this works so the education fund is a vague term no money goes to schools is stated they can call the fund anything they want but the proof is in the pudding where does it go every single winner is going to have 25 to 30 percent to the federal government which is a huge reason they allowed legalized gambling okay the state then takes the investment money and invest it in the federal securities through banks who make bank on fees all right if you read your state constitution you will find that the concept of personal property does not really exist it was required for the people of a territory to give all lands the United States this side covered in the previous that we do not own our lands we are just simply tenants banks do not lose anything from a foreclosure if you default on a loan because money is created when banks make loans to persons since the money is created in a bank loan the bank has not loaned you any of its own money which is why it needs to no reserves to cover the loan it moditizes your loan application and documents through the Fed and then as a middleman loans you did newly created money out of nowhere the bank has then got a zero balance at the time of the loan the contract you you agree via contract to pay the bank which is all profit both principal and interest the bank is just helping and scamming you to create the money that technically you could create by being your own bank the bank has no interest in seeing you succeed in making your loan payments they would much have much rather have you create more money for a new loan for which again it will use none of its own money this is why they keep loaning money trillion dollars for prime prime interest car loans student debt 1.3 trillion home loans that this is how they get us the whole thing it's just a big scam folks there's no free country you not own anything that can't be taken away you have no private property unless you're willing to fight sadly most are not so anyway I could go on and on but it's all ruled by the Vatican and here I want to get into the Vatican claims their 19 million in red give me a break they say they're trying to help the poor and their their preachers for the poor yet they hold more wealth than all of us combined in a factor of huge they could sell just a few other paintings in the in the in the Vatican library vault and pay pay off all the world's debt make every end hunger and whatnot just to note the Vatican is a corporation the Vatican government both operate as nonprofit and for profit so what they did is they created a corporation for an individual and created a corporation for the federal government so both have an annual financial report both the Vatican and government have real state holdings they both promote debt while hiding their investment asset balances they both have a central bank which both bails them out in the moment of needs then expects Catholic tax or Catholic or taxpayers to pay the bill they openly lie by a mission to the people of the earth both use depreciation of capital assets to show on their financial reports a liability against the other assets in order to decrease reportable value of these investments it's all tricks guys both create budgets that are falsely imploded with such things as future liabilities so as to justify its raising of taxes and its requests for tithing give us give us please we're so broke both create separate sub corporations with their own financial statements as for proper profit entities but to not use these profits for the benefits of the people both layoff employees with excuse of budget shortfalls both own and control the media through stock investment and coercion and use it to hide all this from the people by keeping them entertained with everything but this information so ironic that the Vatican we can see perhaps the best example of how government corporation lies by the act of utter and ridiculous disassociation and non disclosure of true wealth and yes the Vatican is a corporation it's a nation state it's also calls itself a church so i'll put this in the show notes there's a lot more here for you to go through including how the social security is is a well it's 2.6 trillion dollars in assets and that money is ours but they put an investment account so we can't get it so i'll put this all in here you can read more but please share this with people here's another one from Carl henman using data from the Bank of International Settlement IMF World Bank chief economist McKinsey James Henry reports that 1% have deposited 21 trillion to 32 trillion in tax savings to evade taxes okay the so-called rainy day accounts rainy day accounts 32 trillion dollars our tragic our our tragic comic in non disclosure and non-performance for budget infrastructure and pension finally and i said before California has 8 trillion dollars in surplus this is as of 2012 so you can read more and more about how this goes on in the rainy day funds excuse and whatnot but i think you get the idea now how money is skimmed off the top and get into the social security in all the countries they've created this international social security fund or the international social security association again a corporation where they can funnel the money off even further and so the chances of getting back are even more harder to trace as they put layers and layers and corporations and whatnot but please read the the show liner notes and and let's let's yell fire folks which time to start screaming about this the taxation is slavery and we need to wake up as to where our hard work and labor is going and it's not going back to us and they're just going to keep bleeding us until we yell stop it's up to us it's up to you it's up to me i hope this helps further us down the road and we can stop funding the madness funding the bombing of brown people funding the rich people getting wealthier dollar expense because at the top all they're going to do is take more folks i guarantee it this is a plain truth out piece catch you on the next video thanks for listening so the children ask me what can we do to make this world a better place for me and you we're all together here we share the same dream men and women boys and girls never cut the language of the world we find peace in our own homes peace in our own minds we'll find peace beyond our borders peace in our own time so the world right it's a bright it's the love inside we all share dream of me to make this world a better place for me and you to bring a little peace that of each new day I dream of peace not lose the king to your new did walk the walk they took the top peace love and truth wise ones come give us hope give us faith and help us grow and it's a bright it's a bright so the love inside we all share dream of me to make this world a better place for me and you to bring a little peace that of each new day to the world to grow up in a world that's still a part of me to the world that's still a part of me I dream of peace I dream wise ones give us faith is precious what we share time that we take it wake up and make it right give us hope time that we take it wake up and make it right to the world that's still a part of me to make it right to the world that's still a part of me to make this world a better place for me and you to bring a little peace and help us to bring a little peace and help us to bring a little peace inside of each new day to grow up in a world that's still a part of me to the world to grow up in a world of harmony right