Is Our Government At All Levels Hiding Trillions of Dollars?
(2/4/10) Republic Magazine Interview with Walter Burien: LinkWalter Burien, since 1998 has diligently worked for you bringing forward into the light of day what you need to know about the collective scope of government finance and investments held.
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This is 2 hours long. Can you give us the gist of it? Where are they getting all this money from, then?
Investments. Government (on nearly all levels) has been increasing its position in various markets for a long time.Originally Posted by sevin
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The Federalist Papers, No. 15:
Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.
See: Fascism
"The journalist is one who separates the wheat from the chaff, and then prints the chaff." - Adlai Stevenson
“I tell you that virtue does not come from money: but from virtue comes money and all other good things to man, both to the individual and to the state.” - Socrates
If this is true, then does that mean the U.S. is not as broke as everyone thinks? Are the huge deficits just a fake excuse to raise taxes?
Well, the government does own a lot of land? I am sure we could sell that off to pay off a decent chunk of the deficit.
This sounds like some of the stuff that I've read about the Comprehensive Annual Financial Reports.
It is well known that most of our national debt in the form of treasury notes are held by various government agencies- with the biggest being the Social Security administration but also other departments as well. Others are in retirement funds for government employees. As of September 2009, the Federal Reserve and other goverment agencies had $5.1 trillion worth or about 40% of our debt. http://www.cnbc.com/id/29880401?slide=16
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