The CAFR Swindle - Public Found Money is Yours!Submitted by Mark Twain on Mon, 10/01/2012 - 22:24
Comprehensive Annual Financial Report (CAFR) Swindle - Biggest Game in Public Finance by Jerry Day Media. 15 minute documentary.
- CAFR vs Budget
0:30 CAFR: Superior. The public account of any public agency. It is standard to all public agencies. The court house, school boards, water districts... City, County & State. They all have them. They all have CAFRs.Most folk have never heard of CAFR, let alone know why they are so important. The hard numbers are in the CAFR. All accounts, flows, & holdings.
1:00 Budget: Inferior. The budget is a propaganda hallucination. A projection. A goal. A target. e.g.: No money for a dog catcher.
3:00 Los Angles, California CAFR vs Budget swindle, 2007-2912 years. $8 billion money swindle.
5:00 Government under fund almost everything. They uses budgets to argue for more tax payments.
8:00 Government revenue from this swindle is double revenue from taxes. "CAFLF hidden account revenue" = 2 x "Tax Revenue"
8:30 Off budget. Rainy day. Etc. Accounts to spirit away.
9:00 When government crys for more taxes, demand, "Show me the CAFR!"
10:00 We need to audit those CAFRs. Every single one of them.
11:00 Call to action. Demand: audits; tax reductions; paid services; sell investment not related to service.
12:00 War & dirt cheap labor.
15:00 We need to tell our public officials that the CAFR money is ours, not theirs.
Jerry Day Media, a Ron Paul Supporter.
This video exposes a deliberate and massive swindle that is perpetrated by every government agency from your local school district all the way up to the Federal government. This is the second Version of this expose' on public finance. Similar to first version, but incorporating input from Walter Burien and Clint Richardson. See their sites for much more info: