Monday, March 10, 2014

Institutional Psychopathology?

The Comprehensive Annual Financial Report, the CAFR, reports the the scope and size of government investment wealth, which is, despite what you're told, immense.

In America, there are over 230,000 individual government corporations (230,000 investing in corporations) and each of these must file a CAFR. This source document, the CAFR, is a requirement of law for every government corporation. This investment wealth is NOT reported to the people. In other words, it is not reported on the Budget report which is the dumbed-down version of the CAFR--the same report with a lot less information. The government utilizes creative accounting: How do we turn an asset into a liability? It's a presentation through creative accounting to show there is no money when in fact, billions of dollars exist in that local government.

So what exactly is the CAFR, aside from the fact it's a giant investment scheme to extract the wealth of the nation?

It's a set of U.S. government financial statements comprising the financial report of a state, municipal or other government entity that compiles the accounting requirements promulgated by what is called the Governmental Accounting Standards Board (GASB), which is a private nongovernmental association. They provide the standards for the content that’s in that report called the CAFR. Every CAFR is audited by an external accounting firm of certified public accountants (CPA).

You see, by law, corporations must earn profits for their shareholders of which government is the main shareholder. It’s a HUGE conflict of interest, because, by law, governments must act on behalf of corporate profit, NOT, we the people.

For example, according to the Military CAFR, they have over a trillion dollars in the military pension funds. That’s larger than the amount of cash circulating (M1) in the U.S., yet, what is government doing? They're slashing the military benefits of American military families, including pensions .

CAFR School with Clint Richardson:

CAFR School One

CAFR School Two

CAFR School Three

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