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Gary North to Walter Burien: where is your evidence?

I've always had a hunch that this Walter Burien guy is a crank. Gary North has a pretty good article on him: http://www.garynorth.com/public/6369.cfm

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Regardless of what Walter Burien says or does

it seems commonsensical to have a basic understanding that states acquire and possess property. LOTS AND LOTS OF PROPERTY. These are ASSETS, ASSETS in property have value. The state of Texas gets a portion of every municipal ticket written for violations of state law, it's get a portion of tax bills, sales tax billing..etc..etc...This doesn't take into account CASH AND RECEIVABLES that ARE OFF BUDGET. It's the highest form of fraud for the governor of a state to say "We're Broke" It should insult any remotely intelligent person. If you or I are in a cash crunch we might decide to sell off some property, happens all the time.
How in the hell is a state any different. The whole damn thing is a fraud taking their cues from the criminals running around Washington D.C.

Just one last kick in the nuts, then a final deathblow

To clarify a few personal points:

Who is Gary North?

Well it appear he started his web presence in 1998 as a multi-level marketer using the Y2K hype to build up an email list and site presence for business market promotion. A good tool to use to see the reality of "who" someone is and their "true" persona is by using http://Archive.org where the prior information someone is putting out (archived pages of their site) can be pulled up. When any site starts getting any traffic archive.org starts keeping a copy.

Here is a quote of Gary North from his first page archived Dec 02, 1998 in which he promoted the Y2K hype to attract viewers to his site:

NORTH: "If they do, there will be no solution for y2k. Will they quit? I'm betting my life on it. The exodus of programmers will begin no later than 1999." I note Gary as of 2010 is still alive. Must not have been that big of a bet. SOURCE http://web.archive.org/web/19981202233625/http://www.garynor...

The same basic hype continued as can be seen up until 2001 with the promoted theme of his site being how to draw in viewers to your site using multi level marketing and auto responders to create traffic. I noticed his most typical tactic was to make hypothetical statements as if facts and leave an open-ended comment intended to give some type of credence.

As an example from the same linked page noted above per his Y2K promotions that parallels his recent comment per CAFRs of "No evidence" as quoted from that page written by him in 1998 was:

"Note: If my critics want to create their own Web sites filled with "it's not going to be all that bad" evidence, they may do so. I am unaware of any such site on the Web today"

So it appears his tactics remain the same today as they were back then. 100% hype of promoted statements as if fact that turn out to be in end result false.

I emphasize the point that as you look over time from 1998 until 2004 his primary intent shown was to promote how to build a site through multi-level marketing and auto-responder use to capture business.

In his case the approach he promoted after getting the traffic he wanted evolved into him changing his site for the new purpose of attracting investors for financial management and thus many $$$$ generated for himself. It did not mater what he said by innuendo, what was important was to build his $$$$$$s from promoted hype designed to bring in more investors as he evolved into a market / economic commentary site. The internet multi-level auto responder marketing guy from his tactics of hype applied evolved into a self promoted economic / market commentator.

Well Gary, that may impress a corporate Harvard trained marketeer of your ability to turn hype tactics into $$$$s but you designed a false innuendo attack against me and probably did so at the request of some well placed political and inherently criminal hack and your false innuendo of hype presented and open ended assertions contrary to the corporate government for profit and control reality are clearly expressed in my first post in this string towards the end of comments.

My other comments in this string per derivatives and the more recently towards the city of Harrisburg are designed by me to inform; educate; and expose the "reality" of present and existing facts that the people based on the corporate government network were not supposed to think about or comprehend.

Many people are looking and seeing for themselves Gary. The well seasoned tactic applied by government and their media shills of "selective presentation" designed to heard the masses into channeled boxes of thought is, has, and will continue to be breached and focus given to the scope and degree of the massive money involved.

You see Gary, my site which was launched first in 1998 through AOL and then in 2003 as http://CAFR1.com has had the same theme from the get-go: Exposure for the education of the masses of what they were not intended to comprehend due to the money; profit; and control involved. Money taken from the populace through masterfully maintained "selective presentation" of the corporate government in conjunction with their cooperative players.

Up until I brought this information forward I was a happy person. Vacationed whenever I wanted; had a good business; prospects for a good family; and many friends. That is no longer the case. Systematically from 1994 until present I have been run through the torrent of corrupt government inside players striped of all through the consistent and pervasive actions of a select group of political human garbage acting and operating from within the halls of government. I note the majority were attorneys networking from within their power bases established within government circles.

My life was intentionally orchestrated through their court system designed to inflict one tort after another as I was systematically cut up one piece at a time. My children kidnapped; business destroyed; friends diminished; property lost; and life destroyed, and diminished to a cash flow at points less than I made when I had a paper route when I was 12 and 13.

Well, when I decided to lift this well entrenched rock back in 1998 for disclosure that covered a pervasive group of government trash that networked between themselves to guarantee their future obscene fortunes I knew it was not going to be an easy job. Most people when confronted by the insider government gang back off saying: "Oh, they are going to destroy my business and family, Oh no" and dive under the sheets as a mushroom in the dark.

You see Gary, not like yourself playing it safe in line with impression designed to be given by the gang as you elbow rub with the gang, since I was very young I have stood up and protected the little guy who was being picked on by the bullies. My parents who during their life were upper level government management in NJ taught me to be honest; truthful sincere; caring; and to be involved. Both were psychology majors and I grew up hearing the stories over the diner table of the internal government gangs indiscretions and motives underlying.

I started national disclosure in June of 1998 of the collective ownership of government as seen through their Annual Financial Reports. A structure having operating from within, power mongering scum networking between themselves for fortunes small and large that was behind a tightly knit curtain. I will tell you now they do not play fair. I have lost all and to the amazement of the inside players with their efforts to destroy my life, each year as time went on I did not die or fall of the grid. I have even had a few of the insiders a few years ago tell me: "Walter, they have hit you so many times and you brush it off as if nothing has happened. They are starting to get nervous and respect you."

I am an open person and believe in open disclosure. The primary attack against me was through the courts and denial of any remedy as the worst possible despicable acts were intentionally orchestrated; prolonged; exerted; and protected for no consequence. One criminal act after another from the inside networked to assure no accountability or consequences for the players.

One thing my parents taught me when it came down to local government attempts to attack and destroy you was to document everything. Well I did so in all of my court pleadings and communications from 1994 to present. Additionally, several years ago I uploaded most of my court pleadings and communications to a directory on my site for open disclosure. An advance Google search on my site for key words such as: Court; kidnapping; FBI; County Attorney; CPS; City Attorney; judicial misconduct; political pandering; ect., will bring up a few of the documents. I have over 1500 documents uploaded there covering a period from 1994 to present. From all of the pleadings; requests for investigations made; accountability requested; crimes reported; judicial misconduct noted; the internal gang networked between themselves to make sure there was no accountability or consequences for their actions. The fix was in going through to the highest levels within government as the pervasive torts continued and the leverage for destruction of the target applied. They have been very effective where most inflicted with the same you would be scrapping off the floor with a butter knife seven times over but I am still kicking and standing. I will note that in the last 12 years I have been in a primary state of tears most of the time as a result based on being confronted with the effective tactics to destroy my life applied over the last decade. It has taken it's toll.

In spite of the above I have maintained and try to keep a presence for accountability; disclosure; education; and protection for the people's of this country and the world. I do so in survival mode having financial resources less than most. Being that my name is Walter Burien who grew up in NJ, had two good parents, learned much in my lifetime, was a federally licensed CTA of fourteen years; have diligently defended the little guy all of my life, have never backed off from a confrontation when the little guy was being abused, I will continue excluding the event of being killed. I note if you read the pleading archived on my site filed in 1998 entitled: A Father's Parenting Doctrine Exerted, the local gang tried several times to do just that.

You see from a young age I learned and it became a prevalent part of my being to know how important it is to step in and protect the little guy who is surrounded by a bunch of scum looking to attack and destroy that person just because they could out of kicks or self interest. For some reason I always found great joy and satisfaction from stepping in next to the little guy to protect with my mind; spirit; experience; and strength and watching the gang of scum scurry back.

Well Gary, when I started with national disclosure back in 1998 I knew I was up against the biggest select gang of scum the world has ever known or has been confronted with. A gang that had a lock on the news media; education; political parties; and corporate conglomerates. Gives the definition from this little guy of: He is bitting off more than he can chew..

Chew I have. First to a few hundred thousand and now to millions. A cognitive thought to look has been planted in the minds of millions and they are applying that thought and learning. The void in comprehension intentionally maintained by the corporate government syndicate is being filled one, then ten, then a thousand people at a time. No more "Silence is Golden" as the rule of the land. In fact many have learned that taxation is not needed. It is all promoted hype to maintain easy wealth transfer. TRFs as brought forward on my site can supplement the need for any taxation and assure a very prosperous economy and society indefinitely without taxation.

When I first started national disclosure in 1998 would anyone think disclosure of the Biggest Game in Town and then remedy applied was possible? No, they would have said: "He doesn't have an ice cube's chance in hell of getting that accomplished." It is now 12 years latter and it is underway. See, the impossible can happen with focus and diligence applied.

What is real cute is the fact that the internal gang has been forced to loot as much as they can get their hands on through market and world event manipulations as they load continued and massive taxation on the backs of the public. The first wave hit at the end of 2001 and then the second at the end of 2008.

I want to be very clear hear that the majority of government employees have no or very little culpability in what is happening as the looting intensifies. In fact they are just as much of a mark as the general population is. The internal gang that is doing the looting from within government from all that I have seen is primarily composed of attorneys. This applies on lower level local government right through to the halls of Congress / Senate / Governors / and the White House. That is the primary gang of network players. All branches of government have effectively been taken over by that gang.

Will the Sheriffs; Police; or even the Attorney General's office touch that gang? No, they are told what to do by that gang itself selectively exerting the law out of self interest for the massive money; wealth transfer involved that is still operating like a Swiss Clock as I write these words. They have one problem: Due to their own greed; looting; and abuses applied, watches don't work to well or at all under deep water. They in their zest for theft have created the environment to collapse their own house.

Please look at the 2009 Federal Annual Financial Report which shows a ways down in the report within the graphs shown that the projected cost of federal government come 2040 will be "700%" of the GDP. [Currently running at about 75%] http://CAFR1.com/STATES/FEDERAL-FINANCIAL%20STATEMENT/FEDERA...

To view back copies of the report - http://www.fms.treas.gov/fr/backissues.html

To one and all, it is by no question about time you took a look and look closely. Masterful entertainment and distraction that you have been spoon fed over the decades has allowed for the wealth transfer and theft to take place. It is all about wealth transfer and empire building. The money; investments; and control derived therefrom is the spinal cord of the whole issue.

Be very afraid being that the in place body is being networked and controlled almost exclusively by attorneys now.

I emphasize the application of the TRFs. In total light they have the ability to neutralize the theft and secure a prosperous economy for one and all, including the current government inside player gang. The difference is between now and then is the motive and intent changes of: theft from the public to seeing the public's wealth increase and the public prosper without taxation where in this fashion all benefit. The intent of the controlling gang shifts to that intent and breach thereof will have severe consequences to the perpetrators over how it stands now of reward.

Truly yours as a human being of this world and sincerely,

Walter Burien - http://CAFR1.com and http://TaxRetirement.com

BIO - http://CAFR1.com/BIO.html

______________________________

PS: I tried to edit the duplicated post below for some typos and it came back with: "Access denied, not allowed to edit" so the typo corrected version is this one. The site would not allow edit or deletion of the original post so sorry for the duplication.

Walter Burien - CAFR1
P. O. Box 2112
Saint Johns, AZ 85936

Tel. 928-458-5854

GARY NORTH ??????

WELL ITS A JOKE .. REALLY .WASNT HE A GENIUS TO PREDICT THAT MY CONVECTION OVEN WOULD EXPLODE ON 12:01 2000 DUE TO WHAT ??? ANYONE SAID .. KILLING THE ENTIRE TOWN .. NORTH MAY BE BRIGHT BUT HES A BRIGHT IDIOT .. SAME CLOTH AS DEAR ALEX j .. UGH..

To clarify a few personal points:

Who is Gary North?

Well it appear he started his web presence in 1998 as a multi-level marketer using the Y2K hype to build up an email list and site presence for business market promotion. A good tool to use to see the reality of "who" someone is and their "true" persona is by using http://Archive.org where the prior information someone is putting out (archived pages of their site) can be pulled up. When any site starts getting any traffic archive.org starts keeping a copy.

Here is a quote of Gary North from his first page archived Dec 02, 1998 in which he promoted the Y2K hype to attract viewers to his site:

NORTH: "If they do, there will be no solution for y2k. Will they quit? I'm betting my life on it. The exodus of programmers will begin no later than 1999." I note Gary as of 2010 is still alive. Must not have been that big of a bet. SOURCE http://web.archive.org/web/19981202233625/http://www.garynor...

The same basic hype continued as can be seen up until 2001 with the promoted theme of his site being how to draw in viewers to your site using multi level marketing and auto responders to create traffic. I noticed his most typical tactic was to make hypothetical statements as if facts and leave an open-ended comment intended to give some type of credence.

As an example from the same linked page noted above per his Y2K promotions that parallels his recent comment per CAFRs of "No evidence" as quoted from that page written by him in 1998 was:

"Note: If my critics want to create their own Web sites filled with "it's not going to be all that bad" evidence, they may do so. I am unaware of any such site on the Web today"

So it appears his tactics remain the same today as they were back then. 100% hype of promoted statements as if fact that turn out to be in end result false.

I emphasize the point that as you look over time from 1998 until 2004 his primary intent shown was to promote how to build a site through multi-level marketing and auto-responder use to capture business.

In his case the approach he promoted after getting the traffic he wanted evolved into him changing his site for the new purpose of attracting investors for financial management and thus many $$$$ generated for himself. It did not mater what he said by innuendo, what was important was to build his $$$$$$s from promoted hype designed to bring in more investors as he evolved into a market / economic commentary site. The internet multi-level auto responder marketing guy from his tactics of hype applied evolved into a self promoted economic / market commentator.

Well Gary, that may impress a corporate Harvard trained marketeer of your ability to turn hype tactics into $$$$s but you designed a false innuendo attack against me and probably did so at the request of some well placed political and inherently criminal hack and your false innuendo of hype presented and open ended assertions contrary to the corporate government for profit and control reality are clearly expressed in my first post in this string towards the end of comments.

My other comments in this string per derivatives and the more recently towards the city of Harrisburg are designed by me to inform; educate; and expose the "reality" of present and existing facts that the people based on the corporate government network were not supposed to think about or comprehend.

Many people are looking and seeing for themselves Gary. The well seasoned tactic applied by government and their media shills of "selective presentation" designed to heard the masses into channeled boxes of thought is, has, and will continue to be breached and focus given to the scope and degree of the massive money involved.

You see Gary, my site which was launched first in 1998 through AOL and then in 2003 as http://CAFR1.com has had the same theme from the get-go: Exposure for the education of the masses of what they were not intended to comprehend due to the money; profit; and control involved. Money taken from the populace through masterfully maintained "selective presentation" of the corporate government in conjunction with their cooperative players.

Up until I brought this information forward I was a happy person. Vacationed whenever I wanted; had a good business; prospects for a good family; and many friends. That is no longer the case. Systematically from 1994 until present I have been run through the torrent of corrupt government inside players striped of all through the consistent and pervasive actions of a select group of political human garbage acting and operating from within the halls of government. I note the majority were attorneys networking from within their power bases established within government circles.

My life was intentionally orchestrated through their court system designed to inflict one tort after another as I was systematically cut up one piece at a time. My children kidnapped; business destroyed; friends diminished; property lost; and life destroyed, and diminished to a cash flow at points less than I made when I had a paper route when I was 12 and 13.

Well, when I decided to lift this well entrenched rock back in 1998 for disclosure that covered a pervasive group of government trash that networked between themselves to guarantee their future obscene fortunes I knew it was not going to be an easy job. Most people when confronted by the insider government gang back off saying: "Oh, they are going to destroy my business and family, Oh no" and dive under the sheets as a mushroom in the dark.

You see Gary, not like yourself playing it safe in line with impression designed to be given by the gang as you elbow rub with the gang, since I was very young I have stood up and protected the little guy who was being picked on by the bullies. My parents who during their life were upper level government management in NJ taught me to be honest; truthful sincere; caring; and to be involved. Both were psychology majors and I grew up hearing the stories over the diner table of the internal government gangs indiscretions and motives underlying.

I started national disclosure in June of 1998 of the collective ownership of government as seen through their Annual Financial Reports. A structure having operating from within, power mongering scum networking between themselves for fortunes small and large that was behind a tightly knit curtain. I will tell you now they do not play fair. I have lost all and to the amazement of the inside players with their efforts to destroy my life, each year as time went on I did not die or fall of the grid. I have even had a few of the insiders a few years ago tell me: "Walter, they have hit you so many times and you brush it off as if nothing has happened. They are starting to get nervous and respect you."

I am an open person and believe in open disclosure. The primary attack against me was through the courts and denial of any remedy as the worst possible despicable acts were intentionally orchestrated; prolonged; exerted; and protected for no consequence. One criminal act after another from the inside networked to assure no accountability or consequences for the players.

One thing my parents taught me when it came down to local government attempts to attack and destroy you was to document everything. Well I did so in all of my court pleadings and communications from 1994 to present. Additionally, several years ago I uploaded most of my court pleadings and communications to a directory on my site for open disclosure. An advance Google search on my site for key words such as: Court; kidnapping; FBI; County Attorney; CPS; City Attorney; judicial misconduct; political pandering; ect., will bring up a few of the documents. I have over 1500 documents uploaded there covering a period from 1994 to present. From all of the pleadings; requests for investigations made; accountability requested; crimes reported; judicial misconduct noted; the internal gang networked between themselves to make sure there was no accountability or consequences for their actions. The fix was in going through to the highest levels within government as the pervasive torts continued and the leverage for destruction of the target applied. They have been very effective where most inflicted with the same you would be scrapping off the floor with a butter knife seven times over but I am still kicking and standing. I will note that in the last 12 years I have been in a primary state of tears most of the time as a result based on being confronted with the effective tactics to destroy my life applied over the last decade. It has taken it's toll.

In spite of the above I have maintained and try to keep a presence for accountability; disclosure; education; and protection for the people's of this country and the world. I do so in survival mode having financial resources less than most. Being that my name is Walter Burien who grew up in NJ, had two good parents, learned much in my lifetime, was a federally licensed CTA of fourteen years; have diligently defended the little guy all of my life, have never backed off from a confrontation when the little guy was being abused, I will continue excluding the event of being killed. I note if you read the pleading archived on my site filed in 1998 entitled: A Father's Parenting Doctrine Exerted, the local gang tried several times to do just that.

You see from a young age I learned and it became a prevalent part of my being to know how important it is to step in and protect the little guy who is surrounded by a bunch of scum looking to attack and destroy that person just because they could out of kicks or self interest. For some reason I always found great joy and satisfaction from stepping in next to the little guy to protect with my mind; spirit; experience; and strength and watching the gang of scum scurry back.

Well Gary, when I started with national disclosure back in 1998 I knew I was up against the biggest select gang of scum the world has ever known or has been confronted with. A gang that had a lock on the news media; education; political parties; and corporate conglomerates. Gives the definition from this little guy of: He is bitting off more than he can chew..

Chew I have. First to a few hundred thousand and now to millions. A cognitive thought to look has been planted in the minds of millions and they are applying that thought and and learning. The void in comprehension intentionally maintained by the corporate government syndicate is being filled one, then ten, then a thousand people at a time. No more "Silence is Golden" as the rule of the land. In fact many have learned that taxation is not needed. It is all promoted hype to maintain easy wealth transfer. TRFs as brought forward on my site can supplement the need for any taxation and assure a very prosperous economy and society indefinitely without taxation.

When I first started national disclosure in 1998 would anyone think disclosure of the Biggest Game in Town and then remedy applied was possible? No, they would have said: "He doesn't have an ice cube's chance in hell of getting that accomplished." It is now 12 years latter and it is underway. See, the impossible can happen with focus and diligence applied.

What is real cute is the fact that the internal gang has been forced to loot as much as they can get their hands on through market and world event manipulations as they load continued and massive taxation on the backs of the public. The first wave hit at the end of 2001 and then the second at the end of 2008.

I want to be very clear hear that the majority of government employees have no or very little culpability in what is happening as the looting intensifies. In fact they are just as much of a mark as the general population is. The internal gang that is doing the looting from within government from all that I have seen is primarily composed of attorneys. This applies on lower level local government right through to the halls of Congress / Senate / Governors / and the White House. That is the primary gang of network players. All branches of government have effectively been taken over by that gang.

Will the Sheriffs; Police; or even the Attorney General's office touch that gang? No, they are told what to do by that gang itself selectively exerting the law out of self interest for the massive money; wealth transfer involved that is still operating like a Swiss Clock as I write these words. They have one problem: Due to their own greed; looting; and abuses applied, watches don't work to well or at all under deep water. They in their vest for theft have created the environment to collapse their own house.

Please look at the 2009 Federal Annual Financial Report which shows a ways down in the report within the graphs shown that the projected cost of federal government come 2040 will be "700%" of the GDP. [Currently running at about 75%] http://CAFR1.com/STATES/FEDERAL-FINANCIAL%20STATEMENT/FEDERA...

To view back copies of the report - http://www.fms.treas.gov/fr/backissues.html

To one and all, it is by no question about time you took a look and look closely. Masterful entertainment and distraction that you have been spoon fed over the decades has allowed for the wealth transfer and theft to take place. It is all about wealth transfer and empire building. The money; investments; and control derived therefrom is the spinal cord of the whole issue.

Be very afraid being that the in place body is being networked and controlled almost exclusively by attorneys now.

I emphasize the application of the TRFs. In total light they have the ability to neutralize the theft and secure a prosperous economy for one and all, including the current government inside player gang. The difference is between now and then is the motive and intent changes of: theft from the public to seeing the public's wealth increase and the public prosper without taxation where in this fashion all benefit. The intent of the controlling gang shifts to that intent and breach thereof will have severe consequences to the perpetrators over how it stands now of reward.

Truly yours as a human being of this world and sincerely,

Walter Burien - http://CAFR1.com and http://TaxRetirement.com

BIO - http://CAFR1.com/BIO.html

______________________________

Walter Burien - CAFR1
P. O. Box 2112
Saint Johns, AZ 85936

Tel. 928-458-5854

Thank you

I feel lucky that you are here among us. I have looked over these many times and find these are in fact the truth as reported in the statements by many comptrollers. Thank you so much for your diligence to truth.

I prefer a dangerous freedom over a peaceful slavery. Thomas Jefferson

if all these cafrs exist and

if all these cafrs exist and derivatives are worth something then why this below?

Posted: Apr 29 2010 By: Jim Sinclair Post Edited: April 29, 2010 at 11:16 pm

Filed under: In The News

Thoughts For The Day:

God help us if we have to listen to Frau Merkel, the mercurial political antics on the subject of Spain, Portugal and Italy.

She woke up yesterday and realized that German banks are loaded with all this debt and did her reverse moon walk. The MOPE is maddening.

If you need solid proof that gold is the ultimate currency, then yesterday’s action was it. Yesterday the physical market for gold kicked the ass of the CRIMEX. This trend has been demonstrated as the spot price moves closer to the cash contract on the CRIMEX. That means Gold is the major currency and when push comes to shove, the CRIMEX will get shoved.

I actually heard a major personality in the legislative say that the old derivatives could be fixed by new legislation. That it total world class crap. These guys making laws do not have a clue what they are doing. No standards means there cannot be a fix. An OTC derivative that is listed is no longer and OTC derivative, it is a listed derivative. What these guys do not know could fill a massive void of space.

Jim Sinclair’s Commentary

You will hear a great deal more Chapter 9s in the coming months.

Harrisburg, Pennsylvania, Council Told to Consider Bankruptcy
April 27, 2010, 12:03 AM EDT
By Dunstan McNichol

April 27 (Bloomberg) — Harrisburg, Pennsylvania, which has missed $6 million in debt payments since Jan. 1, should consider seeking Chapter 9 bankruptcy protection, City Controller Dan Miller told a three-hour special committee hearing.

Miller, the first of four people to testify last night in an “informational session” on insolvency convened by Gloria Martin-Roberts, council president, said bankruptcy may offer Harrisburg relief from $68 million in debt-service payments this year tied to a waste-to-energy incinerator project. Martin- Roberts opposes a bankruptcy filing.

Harrisburg, the capital of Pennsylvania, the sixth-most populous U.S. state, has guaranteed payments on $282 million in bonds on the incinerator, run by the Harrisburg Authority. The payments on the bonds and on a working-capital loan this year add up to four times the amount the city collects in property taxes each year, budget documents show.

“It’s not good,” Miller said at the start of the hearing before a silent audience of about 20 that included city officials and union members. “Nobody wants to do it, but it’s there for a reason,” he said. “Maybe for the purpose of helping cities that are in the situation we are in now.”

The city this month skipped a $637,500 payment due on a loan to Fairfield, New Jersey-based Covanta Holding Corp., operator of the incinerator.

More…

“Defiance of God’s Law will eventually bring havoc to a society.” - Dr. Ron Paul

If I were to guess,

I'd say that it's because the CAFRs are for THEM, and not for the municipality, state, or government that is on budget.
They took that money and invested it for themselves.
So, the "gov't" for those places might be bankrupt, but the people running the CAFR are rolling in dough.

I think in law enforcement terms, it's called "conversion" which is a type of fraud/theft.

Harrisburg, PA - Six-Million Short?

Harrisburg 2008 CAFR - http://www.harrisburgpa.gov/Downloads/Budgets/2008_CAFR.pdf

Page 62 - It appears a lot of money $452,396,106 was funneled into several authorities (Water; Parking, Redevelopment, etc) by bond issues at low interest.

Page 68 to 75 - It appears that much of this money raised through bond issues is reinvested by the authorities to get a better rate of return than they are paying out to the original bonds held and payable. It also appears that the reinvested capital is earning future payments through the use of derivatives for the city being paid now investment return it would receive in the future.

So the article I am responding to says "6 million in default". Well, the real issue is: What will a true audit show as to standing bond assets from that $452,396,106 used for reinvestment capital that was NOT used for the purpose initially intended? If a large number this would be a definition of a shell game of selective presentation. In the alternative if the money has disappeared into pockets of the players through the shell game being played, this would be the definition of criminal maleficence.

These Authorities run by the city of Harrisburg put out their own Annual Financial Report. I would suggest the people that live in Harrisburg get them and give them a thorough look-over to see what piles of cash they may be sitting on as at the same time they selectively promote the debt they owe.

Here is Harrisburg's 2007 CAFR for comparison - http://www.harrisburgpa.gov/Downloads/Budgets/2007_CAFR.pdf

Walter Burien - CAFR1

PS: I notice "atrickpay" and "rebelsoul" are the two detractors from the get go in this thread. I am starting to get the impression they are running a test to see if they can make false; misleading; and perpetuation of shell game comments to see if the readers will be idiots enough to bite on the false impressions given or not make comments in reply based on the vacuum of false impressions given contrary to simple review. It is time that the people were not played as easy marks for the taking and that they look and learn the scope and degree of the theft taking place right in front of them. They are now looking! So, "atrickpay" and "rebelsoul" maybe it is time you looked also and learned. Now if you have already looked and have known for years, then your agenda and intent shown is transparent as glass. Babies get diapers changed and are entertained by cute little soundbites of distraction. Intelligent adults look, learn, and comprehend the intent and motives for what is taking place around them. I think we are all getting a little tired of the soundbite distractions spoon fed us each day and many are focusing on seeing the core scope and size of the issue involved in government being: They do what they do based on the massive money involved. Nothing more and nothing less. It is time for all of us to no longer be an easy mark for the taking....

Walter Burien - CAFR1
P. O. Box 2112
Saint Johns, AZ 85936

Tel. 928-458-5854

Hogwash!!

Although I have my differences with Walter Burien and have not specifically looked at Cali's CAFRs I have torn apart my local CAFRs and found Walter to be spot on.

I am not sure that we all would be able to retire on the funds but it does not take more than two minutes to find any CAFR for any government right Online that you request. All governments have budgets and they also have the less mainstream Comprehensive Annual Financial Report.

Gary North's article makes me wonder what is motives are.

Cudos Walter!

Gary North, Yeah, there is someone I would lend credence......

to. Someone who's opinion I would highly value. Remember Y2K? He was the premier Y2K Dooms Day Prophet. Quit your job amd take what money you have left and buy gold and silver coins and a multitude of various items to barter with during the post-Y2K apocalypse. I've read various articles by Walter Burien over the years as well as visited his website and believe his CAFR research not only sufficiently adequate, but extensive and quite detailed.

The whole point about CAFR

is that this sustem of dark finance bleeds capital away from the people and into the hands of the banking cartel and their 'insider' politicians.

A great person to go to for more CAFR understanding is Catherine Austin Fitts
She knows of Walter Burien's work and validates his information.
http://www.youtube.com/watch?v=Qz2RqdlDbwI

Sample index of CAFRs by state
http://cafr1.com/STATES/

North has egg on his face.

Gary North is looking at the situation through a very narrow scope. In 2007, the BIS said that the worldwide derivatives bubble was over $1.1 Quadrillion.

http://www.siliconvalleywatcher.com/mt/archives/2008/10/the_...

That's quite a bit more than the $32 trillion value North quotes. CAFR's are heavily involved in derivatives.

North says California only has 49 governments and agencies? It has 58 counties, each with their own CAFR, not to mention the thousands of cities, and other agencies.

Did North even bother to do a simple internet search for CAFR?

I remember Debra Medina quoting the State of Texas CAFR in her debates for Governor. I guess she just made it all up!

Derivatives not worth the paper they are writen on - NOT TRUE!

Derivatives are a trading vehicle. They are "advance commitments" for a buyer or seller with time commitments at set prices. (placing a bet)

The Commodity Futures Market are all derivative contracts - http://www2.barchart.com/mktcom.asp?code=BSTK

Categories cover [ Metals; Currencies; Energy; Grains; Meats; etc,]

A derivative contract can be traded in and out of in 5 minutes; five hours; five days; or a year or two. (no significance in the use of five, it was just an example of time)

If you are a buyer, and let's use gold as an example: You think gold is going from $1000 per oz to $1500 in three months so you buy one August 2010 gold contract at $1000 (if the current market price that day is $1000) and if your objective is reached of $1500 per oz two months from now you then sell one August Gold contract at $1500 and that closes the trade.

A gold contract is 100 oz so here a net $500 per oz was locked in on the trade X 100 or a profit of $50,000

Now on the other hand if Gold was at $1000 and you though the price was going to collapse down to $500 per oz, you would then sell first. So you sell one August Gold contract at $1000 and if in two months gold did collapse down to $500 per oz you then buy one AUG Gold contract closing out the trade X 100 or a profit of $50,000

So up or down it does not make a difference the same profit can be pulled. The same applies if you are a day trader and are going for a $10 move in gold. EXAMPLE: at 8:30 AM in the morning gold is at $1073 per oz and you think it is going to pop to $1083 (or drop to $1063) you enter your position to buy a contract (long) or sell a contract (short). If 10 minutes later gold moves $10 (up or down to your target price depending if you are long or short) you then close out your trade and walk with the cash, or $10 x 100 = $1000 made on the trade.

The same, same on all of the other commodities also. The catch here is when you take a position there is a set margin requirement (good faith money against loss) set for each and every commodity before you can enter a trade> Additionally, you must maintain that dollar value if the trade goes against you and if you can not, the "house" will force liquidate your trade locking in the loss on your account. If you have a profit on the position there is no problem, but a loss the margin set must be maintained.

A derivative trade is yes only a paper record. But when it allows for transfer of wealth to the tune of trillions of dollars a year, those that say derivatives are worthless have their heads stuck in a very dark, warm, and wet place.

Sounds easy for walking with tons of cash right? Wrong! 95% of the public looses all of their money. The public is caught in "the only thing to fear is fear itself" syndrome. Oh. it is going up, no down, no up - - - CRASH - loss on trade!

Keep in mind this is all about wealth transfer. Collective Government is the #1 institutional trader in the derivatives market(thousands of separate accounts).

They work hand in hand (networked through private associations) with the syndicated media; political parties; controlled education locked tighter than two dogs in heat in cooperation DUE TO THE MONEY AND CONTROL INVOLVED.

Government through the CFTC (Commodity Futures Trading Commission) and SEC (Security Exchange Commission) know every trade entered by the public; institutional; etc., on a minute by minute basis. They also have access to all historical trades over decades. They know historically if they move the market with their own activity how many people will over extend themselves; or bail on positions depending on how fast the markets are moved and with what sound-bite conditioning the public is being saturated with at the time.

They are pros at baiting the public into certain trades and then cutting their you know what off and this amounts to MASSIVE wealth transfer from the public each and every year. (Derivatives used, cash on the trades accomplished!)

People who trade metals from the public seem to have very short term memories. Over the last twenty years the same games were played in conjunction with the same sound-bite conditioning (with a few modifications) to run the price up over weeks and then to slam the price down in a few days with most from the public in the trading arena getting their you know what cut off so many times they could start a restaurant serving Rocky Mountain Oysters and never run out.

I have learned from over 32 years trading derivatives that when I say to myself "That looks like a really great buy or sell" I then have to catch and ask myself one question: "Now where would they push it to if they wanted to really screw everyone?" Now with that question being asked and adjusting my target marks accordingly, the bulls-eye is hit more often then not.

Government institutional fund management (much being handled off-shore now) has been walking off with truck loads of cash through the use of derivatives each and every year. The two years that they made the quickest killings through derivatives were the end of 2001 and the end of 2008. (Primarily short positions established)

Not a peep from the syndicated media; talking heads; political parties; or controlled education being that they do an EXCELLENT job for what they are PAID to do, and that is to ENTERTAIN the public as the wealth transfer takes place right under the public's nose and in plain sight.

What I find humorous (sadly) is that they do such a good job that they get people to parrot comments like "derivatives are worthless" when in fact they are used to transfer wealth "CASH" each and every year (day) from the public. AND in fact were used at the end of 2008 to suck 35 to 40 trillion dollars out of the world economy at the end of 2008 in just a little over one and a half months.

Promoted by the media doing their job: "Massive loses; Stock market tumbles with fortunes wiped out" Yeh right, BUT WHO TOOK THE OTHER SIDE OF THE TRADE into which those loses and fortunes were transferred into????

Might as well not keep everyone in suspense: Government institutional trading accounts (and I repeat many handled off-shore now) did.. you catch on the latest news Goldman Sacs made a profit on the collapse at the end of 2008? Well, just a sacrificial lamb mentioned to appease the masses and chump change involved compared to the collective government institutional accounts....

A good example of a domestically handled clearing operation for government institutional accounts just before the clip at the end of 2008 was the derivative holdings held by JP MORGAN CHASE BANK.

The amount shown held by them was primarily for their government institutional accounts under management or that they were acting as clearing agent for. It is a small figure of only 90 trillion dollars worth. The Federal Government report put out by the Comptroller of Currencies that shows the positions of CHASE Bank and a few others can be downloaded here (March 2008 Bank Derivatives holdings) and when downloaded go 2/3rds down in the report to "Table 1" - http://cafr1.com/STATES/US-TreasuryReports/BankDerivativesMa...

Now keep in mind this was a domestic clearing operation. Many and larger "international" clearing operations are in place now handling clearing operations for US local and federal Government institutional accounts. If you did a cross comparison of their derivatives position plays just before the market collapses at the end of 2001 and 2008, the public never stood an ice cubes chance in hell of not being decimated.

Again, IT IS ALL ABOUT WEALTH TRANSFER! And when you are talking this amount of wealth transfer in the tens of trillions of dollars it is imperative to keep the public masterfully entertained off in LA LA land parroting the exact opposite of what actually took place..

But then they do an EXCELLENT job due to the money and control involved.

Ron Paul is aware of this structure but he can NOT discuss it. Anyone in politics that does so qualifying a cognitive though in the masses breaches the "Silence is Golden Rule". It is political suicide to do so. Mr. Paul would be taken out so fast he would not know what hit him.

I like Ron Paul, he is a fence rider doing the best he can and I understand that he can not cross this line if he wishes to do what he can. I support him in whole being that he is "doing what he can"

In 1999 virtually no one knew how this game is played. Now in 2010 a lot (millions) of people now have had that cognitive thought triggered in their minds to the dismay of the control structure.

Who knows, all may be just a step away from a massive awakening of clear comprehension where no longer are they "the easy mark" and regain true ownership of their country again.

What I brought forward several months ago with the TRF (Tax Retirement Fund) http://TaxRetirement.com when it is finally understood and comprehended for it's true impact by the populace it may just burst forward like the birth of a super nova benefiting not just the people here in the USA but the entire planet with a mode of operation for government that brings forth the proverbial millennium, a thousand years of prosperity for all!

And then people like Ron Paul and others can openly discus governments true "collective" investment ownership and the income derived therefrom without fear of retaliation....

Walter Burien - CAFR1
Prior CTA (Commodity Trading Advisor) 1978 - 1992 and derivatives trader of 32 years.

Walter Burien - CAFR1
P. O. Box 2112
Saint Johns, AZ 85936

Tel. 928-458-5854

if all these banks were

if all these banks were rolling in money because of the collapse then why did they receive bailout money?

“Defiance of God’s Law will eventually bring havoc to a society.” - Dr. Ron Paul

Thank you for this great explanation....

and I agree...it is all about "wealth transfer".

At the end of the game, they end up collecting the vast majority of the financial "energy". This is self-evident.

AND PS TO: Submitted by atrickpay on Wed, 04/21/2010 - 02:22

AND PS TO: Submitted by atrickpay on Wed, 04/21/2010 - 02:22

Based on your comments atrickpay and showing of understanding, here is a good educational YouTube viewed now by 5 million individuals in your mindset of comprehension for you to watch and learn from - http://www.youtube.com/watch?v=eC1tikkotVU

Walter Burien - CAFR1
P. O. Box 2112
Saint Johns, AZ 85936

Tel. 928-458-5854

Not a zero sum game

When the market crashed fortunes were wiped out. There were billions of dollars worth of realestate (perhaps trillions) that were owned without morgagages. They all lost value. How is there another side to that? That wealth was just lost. I am sure short traders made a lot of money during the crash but the goverment did not gain from it. My money is on North on this subject.

Also this would be calling

Also this would be calling Ron Paul a liar because Ron Paul has said many times that the country is Bankrupt.

“Defiance of God’s Law will eventually bring havoc to a society.” - Dr. Ron Paul

derivatives arn't worth the

derivatives arn't worth the paper they are written on.
so if all this money exists why do they keep it secret from the taxpayer.. It is ultimetly the taxpayers money. so this is fraud and criminal.

“Defiance of God’s Law will eventually bring havoc to a society.” - Dr. Ron Paul

I completely agree that

I completely agree that derivatives are worthless.

Here is an article that Debra Medina wrote about Perry doubling the public debt during his tenure. She quotes the Texas State CAFR.
http://www.thecypresstimes.com/article/News/Opinion_Editoria...

Here is a bloomberg story on the county of Jefferson in Alabama having to declare bankruptcy.
http://www.bloomberg.com/apps/news?pid=20601039&sid=ahSJgzIB...

"And there was a lot of money, which seems to be at the heart of the Securities and Exchange Commission's inquiry into the county and its infatuation with swaps and derivatives. The agency has said it is looking at pay to play, or bankers and others forking over cash in exchange for jobs.

The SEC's investigation is just part of a larger probe into the reinvestment-of-proceeds business across the municipal market in general. This has been going on for years, but there are signs it will erupt with a barrage of criminal prosecutions."

This should be a big eye opener for you in respect to "scope" and "size" fund management for many local gogernments from just one fund management group out of many:
http://www.secinfo.com/d14D5a.tD57.htm

The investments from the SEC link won't show up in any government's budget, but it should show up in their CAFR. Hence, the double set of books.

ok so the question is....is

ok so the question is....is this good or bad? something is not adding up.

“Defiance of God’s Law will eventually bring havoc to a society.” - Dr. Ron Paul

hehe

This reminds me of the hidden "Wanta Funds"

"If this mischievous financial policy [greenbacks], which has its origin in North America, should become endurated down to a fixture, then that government will furnish its own money without cost. It will pay off its debts and be without debts. It will hav

Gary North is an a*s and a liar

It was brought to my attention today of this idiot's drivel.

One lie after another and when not a direct lie a direct misrepresentation.

He even suggests the CAFRs do not exist and that I have never shown since day one even a pdf cover picture of a CAFR. What kind of ass is he to say that when anyone who has gone to my website since scratch one in 2000 has seen many.

In most probabilities he is doing a political favor for someone through this drivel being sent out to catch the eye and influence the uninformed.

I have reached about 50 million people over the last ten years and "The Silence is Golden" game is crumbling with each and every person that looks and of which now totals in the millions of individuals. The silence game of business as usual within government investments and true income soon will become a thing of the past and it appears they are getting very desperate with the selection of North to pass along his drivel.

It is a waste of time to allow this idiot to get a reply, but I was glad his trash was brought to my attention. The hole he digs for himself is evident in his "self created" comments.

I have but one reply to his idiot's drivel - http://images.google.com/images?um=1&hl=en&tbs=isch%3A1&sa=1...

Walter Burien - CAFR1
P. O. Box 2112
Saint Johns, AZ 85936

Tel. 928-458-5854

If all this money exists then

If all this money exists then why are state and local governments crying? If all this money exists then it should be returned to the taxpayer or all income taxes and property taxes should be abolished. If these trillions of dollars exist they why did they have to bail out the banks? something doesn't jive. So what you are saying is the states and local governments are whinning wanting to raise taxes on the citizens even tho they are rolling in money? interesting. Another question.. if these States have these trillions of dollars then why do states run to the Fed Gov. for Money when disasters are declared? Why doesn't the Fed tell the States to FO.

“Defiance of God’s Law will eventually bring havoc to a society.” - Dr. Ron Paul

Cue the silence from the

Cue the silence from the Snake Oil salesman.

Seriously, 90 trillion dollars in phantom savings?

Where is it? Under mattresses. This idea is almost as stupid as man-made global warming. Almost but not quite.

Ta,

Every decent man is ashamed of the government he lives under. -- H.L. Mencken

Blog: The Present in Plain Text
Listen to The Myo-Tonics on YouTube

kings of commerce is on this

kings of commerce is on this stuff constanty telling us that there are trilions of dollars in these cafr accounts..BS.. no proof.

“Defiance of God’s Law will eventually bring havoc to a society.” - Dr. Ron Paul

I don't really want to get into a personality contest

about Gary North and Walter Burien.

But Burien seems like a whistleblower type to me. Sometimes when you discover what seems to be malfeasance, you go a little overboard.

Nonetheless, I think he's on to something, and it deserves more research.

The idea that goverment would do something behind the people's backs, is that so shocking? (Government would *never* do that, right?)

So, let's not dismiss this, but keep researching.

CAFR

I think the problem with Walter Bruien is that he lumps together all asset categories such as pension funds, as if those monies are available to the States to draw down in order to satisfy any budget shortfalls or State debt obligations. The State of Tennessee in 2008 for instance, had about 30 billion dollars in net assets above and beyond all debt obligations including pension funds. That number does not include the 31 billion dollars in the pension fund, which is a separate line item. Of the 30 billion dollars of net assets, not including the pension fund, about 24 billion is wrapped up in capital assets such as land for roads, buildings ect.. However the State had about 2.9 billion in unrestricted funds, cash or cash equivalents, that could be spent anyway they so chose. And another 2.2 billion in cash or cash equivalents that were restricted assets designated to specific areas of the State budget if those funds were needed to make up any shortfalls. At least as of June 2008, Tennessee was no where near bankrupt.

I took the time to

download my local CAFRs and review them. Walter may exaggerate a bit but I found that the budgets shorfalls dwarf the amount of surplus monies hiding in banks.

State of Florida for 2008.
Budget $66 B
MSM declared budget shortfall $6 B
Surpluses in seemingly liquid funds $100 B+

These are rough numbers but several of my local entities were the same.

It is hard to believe that Gary can not even find a CAFR
Here are California's from 1999 - 2009

http://www.sco.ca.gov/ard_state_cafr.html

If they have all this money

If they have all this money then why are the states crying for bailouts?

“Defiance of God’s Law will eventually bring havoc to a society.” - Dr. Ron Paul