A true Emergency

There seems to be a media blackout and harassment of those who have found out about this.

I am very worried about America.

Comprehensive Annual Financial Reports (CAFR)

A comprehensive annual financial report is issued by the federal government, each of the states, and most of the municipalities. It reports the budget (government income from taxes and fees and approximately matching expenses) but it also includes a report of accumulated return on investments like common stock in private companies purchased by the state or municipality.

The CAFR was not well known until Walter Burien and Gerald R. Klatt made the public aware of them. It is a format established in 1946 but not mentioned publicly until recently. Politicians and television news stick strictly to the budget.

Google lets you find a CAFR by using this kind of search term: State of New York comprehensive annual financial report.

I learned about this only recently and I would like to get some confirmation about the astounding news that these governments in the U. S. collectively own trillions of dollars worth of voting stock in private companies like 3M and General Electric and all of the rest. It is claimed that over fifty percent of the stock market is owned by federal, state and local governments and that television news has agreed not to mention it.

I am concerned about government ownership of the means of production. I don’t like Walter Burien’s idea that this wealth could be used to eliminate taxes. I understand why, in 1934, FDR wanted this two-tiered accounting system and the resultant government accumulation of ownership of company stock, but I think the whole thing should be undone.

Is this really happening?

Here are some references:

Walter Burien’s reaction:
http://video.google.com/videoplay?docid=6703413885850200097#

Gerald R. Klatt explains how the investment money was improperly obtained:
http://cafrman.com/Introduction.htm

Here is something more current from Walter Burien:
http://www.youtube.com/watch?v=uy8tnC4xLX8

Here is an an example CAFR from Tennessee:
http://www.tn.gov/finance/act/cafr_fy09/09jumpsc.html

This information is of enormous importance. Many more qualified experts need to check its accuracy and publicly state their conclusions.

I believe these investment decisions and decisions about the use of the profits from these investments should come under voter control. I also believe that the practice of investing public money in private companies should stop until there is an amendment to the Constitution that permits it. What do you think?

James Adrian

jamesadrian@globalfreeenterprise.com
jim@futurebeacon.com

121 Laura Drive
Rochester, NY 14626

(585) 225-5543