I still can wrap my mind around what Walter Burien is talking about. His basic premise is that the Government is hiding Trillions of dollars that are not apart of the budget reports for public consumption, but are apart of something known as the CAFR. The Complete Accounting Financial Report.
The following New York Times article shines light on government investment with a focus on Bond derivative transactions within local government.
I have brought forward many a times that: "ENRON promoted their profit and hid their debt and Government does the exact opposite, they promote their debt and hide their profit."
The bond derivative activity became very slap happy in its rollovers leading to a massive bubble which caused a debt with many local governments on their books.
The important issue is the exclusion of their very profitable transaction coming from other investments such as within the Crude Oil, Pharmaceutical, Insurance, Brokerage, Precious Metals, and Banking market manipulations.
As exemplified in this New York Times article copied below, the payola and ease of transacting the same is just as, if not more lucrative in the other areas I have mentioned above.
Additionally, it is VERY important to note that Government in the 80's "OFF SHORED" into several massive fund management groups where their transaction were now virtually invisible to the American Public and outside of SEC and CFTC scrutiny and direct oversight. A complete audit of these government off-shore management funds needs to be conducted URGENTLY to qualify the net results of the market manipulations seen since September 11th 2001.
If these off-shore funds have been grabbing massive profits on one hand as domestic US managed funds were getting depleted on the other hand whereby the domestic losses are now being promoted to steal money from the people of the USA while at the same time the profits on the off-shore management funds are not being disclosed, this amounts to the greatest rape of the American economy and its people in the last hundred years. It is also the biggest example of a shell game ever played..
People are to easily played by sound bites from the media as to the run up and then collapse of the stock, crude oil, and interest rate markets. They are intentionally propagandized to with only one side of the coin: Loss, debt, need by government to take more cash out of the public's pockets and my do they have their routines down pack clicking like a fined tuned Swiss Watch.
The public has been conditioned to be oblivious to, with an intentional vacuum created in their thinking from masterfully engineered soundbites having the purpose of creating a void in thinking or distraction, due to the money involved of: Who took from the other side of the coin all of the trillions of dollars of wealth from these market manipulations. Your own government and their corporate cooperatives did folks being that you were such an easy mark for the taking, control, and management as you were masterfully entertained..
I reiterate, a complete audit of these government off-shore management funds needs to be conducted URGENTLY to qualify the net results of the market manipulations seen since September 11th 2001.
Sent FYI from,
P. O. Box 2112
Saint Johns, Arizona 85936