California Has Plenty of Money... You're Being Lied to, AGAIN

[InterestedParticipant]

The Jun, 30 2008 balance sheet for California was release recently and can be downloaded at:
http://www.sco.ca.gov/ard_state_cafr.html

Page 28 of the Controller's report shows:
Current Assets = approx $50B
Total Assets = $143B
Net Assets $25B

Note from report:

"Changes in Net Assets

The expenses of the primary government totaled $209.4 billion for the year ended June 30, 2008. Of this amount, $87.4 billion (41.7%) was funded with program revenues (charges for services or program-specific grants and contributions), leaving $122.0 billion to be funded with general revenues (mainly taxes). The primary government’s general revenues of $110.1 billion were less than the unfunded expenses. As a result, the total net assets decreased by $11.9 billion, or 25.3%."

Doesn't sound like there is any emergency in California. So Net Assets decreased by $11B last year, what's the emergency?

Yeah, there's a problem, the balance sheet is decreasing. But to talk about insolvency at this point is ludicrous and a falsehood!

[Original_Intent]

Thats a year ago.

[Original_Intent]

The Jun, 30 2008 balance sheet for California was release recently and can be downloaded at:
http://www.sco.ca.gov/ard_state_cafr.html

Page 28 of the Controller's report shows:
Current Assets = approx $50B
Total Assets = $143B
Net Assets $25B

Note from report:

"Changes in Net Assets

The expenses of the primary government totaled $209.4 billion for the year ended June 30, 2008. Of this amount, $87.4 billion (41.7%) was funded with program revenues (charges for services or program-specific grants and contributions), leaving $122.0 billion to be funded with general revenues (mainly taxes). The primary government’s general revenues of $110.1 billion were less than the unfunded expenses. As a result, the total net assets decreased by $11.9 billion, or 25.3%."

Doesn't sound like there is any emergency in California. So Net Assets decreased by $11B last year, what's the emergency?

Yeah, there's a problem, the balance sheet is decreasing. But to talk about insolvency at this point is ludicrous and a falsehood!

Bolded for emphasis

In other words they had $50 billion on hand a year ago, and an annual burn rate of about 209 billion a year ago. I am sure the burn rate went up and we all know which way revenue went...so I am thinking they could have devoured the $50 B they had banked pretty easily.

[HOLLYWOOD]

Bolded for emphasis

In other words they had $50 billion on hand a year ago, and an annual burn rate of about 209 billion a year ago. I am sure the burn rate went up and we all know which way revenue went...so I am thinking they could have devoured the $50 B they had banked pretty easily.

Government Welfare from STIMULUS II to California: $50 Billion in Electronic Transfer

California government increased Taxes the residents don't have control over: $12 Billion.


Still currently $26 Billion in the Hole for the current year, but apparently there's another quiet problem... almost $600 Billion in Pension/Retirement obligations.

Look forward to a lot of book cook, and Statistic manipulations... usual BS scams and Cons of government.

[WarDog]

The Biggest Game InTown" about the Government CAFR wealth shell game

"The Biggest Game InTown" about the Government CAFR wealth shell game (http://video.google.com/videoplay?docid=6703413885850200097)

[american.swan]

2008

Also, I believe they probably aren't willing to sell some of those assets.

[InterestedParticipant]

I want all our damn money back that the states are holding, and I want it NOW!


1940's Secret "Corporate" Tactic By Which Government Took All!
By Walter Burien
05/10/09
http://cafr1.com/Secret.html

Many people have asked for a simple explanation as to the intent behind the CAFR and what happened over the decades?

Well, in a nut shell here is the foundation block that allowed government to take it all over by investment.

It started in the mid 40's and grew into what we have in government now seventy years latter come 2009.

Government started out as a "pay as you go" structure. By transforming into a corporate liability company over the decades, this gave them the ability to use "advance projections" to strip annual operating funds and create advance forward liability accounts whereby in doing so they were able to by stealth build numerous "wealth bases" of equity in many designated fund balances separate from the budget reports that were exclusively presented for public viewing.

When looking at the "whole picture" through the CAFR and sub investment fund reports noted per gross income, only 1/3rd is tax income whereas when you look at a budget report for the year it gives the impression per gross income that nearly 100% is tax income. Very deceptive when only one side of the coin is presented.

Budget reports are presented giving the false impression that it "is" the true financial picture and it is far from it. What is shown is primarily tax income for a "selective grouping" of accounts where tax income is collected and expended.

Review a few CAFR surplus reviews - http://cafr1.com/ShowMeTheMoney.html

The takeover by government was primarily orchestrated by attorneys, both private and acting from within the Judiciary on the city, county, and state level. Many private associations were created since the 40's to push government along into becoming an administrative clearing house for revenue collection and control with many of these private associations calling the shots and firmly entrenched in the ever expanding cash flow from the trough. Laws were "created" as each and every push was moved forward to consolidate and expand the takeover by government as the public was masterfully entertained with distraction, misdirection, and misinformation due to the money involved.

Where has all this brought us today? I strongly recommend that all look at their local "County" CAFR. I have noticed a disturbing trend being forcefully implemented by the attorney complex in control today. (65% of Governors, Senators, and Congressmen are now attorneys) The place to look in your County CAFR is the Statistical Section at the end of the report. Currently most counties will give a ten year or a six year showing of the growth.

Many County CAFRs that I have looked at from the eastern side of the country show that over the last six to ten years:


1. There was a 100% increase in property taxes collected.

2. There was a 100% to 135% increase in the money pouring into the judiciary.

3. There was a 100% to 115% increase in the money pouring in to the prisons run by the county.

One thing I found particularly interesting was that even though their was over a 100% increase in cash flowing into the prisons, the prison average daily population had decreased in many a cases. Also I took note that the personnel working for the prisons was the largest employee base working for the county.

Now there were modest increases in social services programs for the youth, adults, and elderly, but nothing in comparison to the take being facilitated by the attorney complex for Judiciary and Prisons. It appears the trend is gearing up to "process" more people through the courts and prisons based on the money being applied.

Has the increase in processing the people started yet? By the numbers as of 2007 it appears not yet. I have a feeling though by 2010, they will be in full swing and who knows, the reader of this post may just be the lucky recipient of this expanding government service..

The middle class natives are getting restless with massive increases in forced taxation, home confiscations, job loss, and a weakened economy from the last and massive wealth transfer of trillions taken from one hand and transferred to the other hand through international market derivative manipulation. I still would like to know how many trillions of dollars ended up in those off-shore government accounts for a clear showing of profit held in "the other hand".

I will give you an example County CAFR to look at here from 2007. It is from York, PA. - http://cafr1.com/STATES/PA/COUNTY/York2007CAFR.pdf

I am not picking on York but the showing in their statistical section is a clear example of what is brought forward in this article. Look at theirs and then look at your own county CAFR to see if the same findings are evident in your own.

We all are the end target of our government's intent. Where they apply the money and the showing of their own growth establishes their intent.

Look and comprehend. It is your asses that are on the line in the end. Either by paying the bill or as a forced beneficiary of the structure created, or in some cases both.

When the people realize the true end result of allowing attorneys to takeover and run the show and when the people take true action to stop it, then maybe the tide will change. Until then, the stench of death will grow nearer and in most probability ever present in the air as the ever-expanding made "legal" plunder and theft out of opportunity continues unabated..

[FrankRep]

Current Assets = approx $50B

Assets does not mean money or "liquid assets".

[InterestedParticipant]

Assets does not mean money or "liquid assets".
They are telling the public that the state is "broke." As of June 30, 2008 CA had approx $25B in current assets. Current Assets are generally assets that can be liquidated in 90 days or less. So, the state is not broke and doesn't need to run to the FEDs or start selling state parks to pay its bills.

It's BS. They've been running this same game on the public for years. Even in 2000 we heard this crap, when there was approx $100B in current assets.

Watch the video posted earlier in this thread, its the most important 2hours you will ever spend in your life.

They are holding tens-of-thousands of dollars of our money for each person!

P.S. Where's the JBS & gang on this one? How come they don't talk about this to their members?

[FrankRep]

They are telling the public that the state is "broke."

They are telling the people they are out of money. Big difference.

[InterestedParticipant]

They are telling the people they are out of money. Big difference.
$158B in total assets is not out of money... and that is just a starting point anyway. Where is this money invested, and where is the return on this investment going?

Jesus christ, do you not research anything? Watch the damn video, read the material, look up the CAFR for your state and stop pestering me with so many damn nebulous & trivial questions & comments.

I'm not the one lying to you and ripping you and your family off. Focus on the problem, which is that the establishment lies to you, steals from you, and sets up dummy groups to waste your time.

PS. Here's the URL for Ohio's OBM who publishes your state's CAFR
http://obm.ohio.gov/

Go drive down to Columbus, attend their next meeting on July 13th, and ask them when the damn 2008 CAFR will be made available to the public and what the latest breakdown of assets and liabilities is.

Looking at page 22 of the 2007 Ohio CAFR (latest one I could find on their website), Ohio has approx $65B in Total Assets, $43B in Liabilities, leaving $22B in Net Assets. How much of that is left, and where is it invested, and how much return is it generating and is that return going back into the annual budget to help fund operations?

Let me know what you find out? Take a few of your JBS buddies along for the ride.

[FrankRep]

InterestedParticipant doesn't know what an Asset (http://en.wikipedia.org/wiki/Asset) is.

[InterestedParticipant]

InterestedParticipant doesn't know what an Asset (http://en.wikipedia.org/wiki/Asset) is.
Are you here to play childish semantic games or are you here because you care that your state is holding on to billions of dollars (in many forms and investments) and simultaneously cutting programs and telling the taxpayer that "they have no money"?