Dear friends at the Fire Prevention Fee Service Center: (And all who are taxed in America)
I received my bill from you today, the anniversary of 9/11 here in America. It looks like crime must go on. Any of you sitting at a desk at a service center, answering questions in order to collect this illegal, “criminal” fee should actually feel ashamed to be part of this ugly scam against California residents.
We are not broke here in California! There is an unspoken solution to all of America’s debt issues. This solution can be found in the CAFR, or Comprehensive Annual Financial Report. This report is actually a “second set of books” kept by the State of California. If you Google “California CAFR report” you will find a lawful copy on line.
What’s so hot about the CAFR? First, this report is never spoken about. When it is issued, the language must be official sounding but illogical enough to lead the reader astray. It is difficult for the average “Joe” to understand. A forensic auditor is necessary to understand this grandiose set of books. This is why the existence of the CAFR is unknown by most Americans.
Unknown to we, the American people, our monies are used to invest in large corporations when we pay our taxes. These investments are not sanctioned by us, nor do we know anything about them. Among some of our most popular investments are the corporations Apple and Microsoft. We say to our government(s), “Hey, wait a minute! We didn’t give you permission to invest in corporations. We have no idea where you are putting our funds. We understand you make profits every year. We can’t understand the report wherein you describe these profits. You never discuss these corporations or investments with us. You simply tell us you have assets which have been ‘allocated’ for important issues that can’t be discussed.”
This is total nonsense, ladies and gentlemen. California is not broke. She has billions of dollars in her CAFR that could be transferred to pay duly owed debt. But we must never discuss these billions of dollars worth of assets, since we, the people, have paid all the money into these investments but are not entitled to any of the profits. Wake up! We are being scammed by every government. These CAFR reports are a $60-trillion nationwide scam on the American people, and the scheme runs through every city, state, municipality, school district and judgeship. Every entity is incorporated and keeps two sets of books. The first set is where the entity can cry, “Shortfall … we need more money,” while the other set is silently kept under wraps, while annually accumulating billions in profits known only to selected “special interest” participants.
So if the American people, or we, the California population, haven’t the foggiest notion about the CAFR in our states, counties or municipalities, there is no way we are going to know that for years many brokers, bankers, corporations and private, special interest cronies have been making money hand over fist without our knowledge, and on our dime. Once again, let me remind you. Huge profits are made each year by every entity with our money, but without our knowledge.
The fraudulent tax above is a criminal extortion. Yes, I said criminal extortion. If Californians realized there were assets that honest leadership could tap into to repair any shortfall in California, it would not be possible to keep stealing form the people. That’s right! If every Californian knew that California is not broke, and that we have profits in the “second set of books” then it would not be quite so easy to constantly steal the people blind. California has lost businesses, people, jobs, firefighters, etc. Our “Bernie Madoff” government is constantly upping the taxes, complying with special interest groups, etc., without one ounce of concern for the people who elect them to these positions.
In California news recently, both the County of San Bernardino and the City of Stockton are dead broke and declaring bankruptcy. Nobody questions any of this stuff, since auditors can show where bad decisions have been made and the money is gone. Most of the time, auditors doing the first set of books know nothing about the second set. It’s in the CAFR that the real answers can be found.
Shame on all of you elected pawns for lying to the people in this State of California. None of you have a conscience. True to form, there is no honor among thieves. The CAFR is proof of the pudding.
California already has all the money it needs, but it would have to be taken from assets sitting in the CAFR books that is neither discussed or touched due to special interests. Nobody on the “inside” wants to stop any of these special-interest, cushy profits. Let we, the people, sacrifice. We are totally uneducated about what is really going on. Clever crooks know that we, the people, always come through when we think there is a genuine need.
If the truth were known, honest government could run successful budgets and meet the needs of the people. Unfortunately, those we elect are not honest. Once they get the job, integrity disappears.
As a resident of El Dorado County, I’m truly ashamed of the State of California as well as the criminal State Board of Equalization for this illegal scheme. Shame on all of you. It is my intention to pull the rug out from under all of you by educating the people of our state and nation as to the real truth behind this criminal act.
Shame on all of you.
Marje Kimberly is a retired Placerville resident aiming to bring honest government to citizens.
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Martin SchumannSeptember 26, 2012 - 8:30 am
FYI: For the year ended June 30, 2011, the fiduciary funds’ combined net assets were $438.2 billion, a $69.7 billion increase from prior year net assets.
Jim RiordanSeptember 26, 2012 - 10:07 am
Thanks Marje. If indeed there are two sets of books and we are not being informed of such, it sounds to me like a criminal conspiracy to defraud the public by these agencies and every head of every participating agency should be brought to trial for participation in it. Vote no on every form of tax. Let the whole damn state go bankrupt . . then we can vote on which agencies should live and which should be abolished for good.
Evelyn VeerkampSeptember 26, 2012 - 12:45 pm
Marje Kimberly has done us a favor by writing about CAFRs. Every single government entity – about 10,000 in California alone – is legally required annually to produce this report. I’ll bet not one in a hundred Californians has ever heard of them. That is not accidental. All of us should care about their existence. Anyone wanting to become familiar with them can, as Marje wrote, simply Google CALIFORNIA CAFR REPORT. Martin Schumann commented that California’s y/e 6/30/2011 fiduciary funds combined net assets were $438.2 BILLION. (See Report pg. 17) Interestingly, on pg. 16 we read “The most significant increase was in the California State University Fund, whose net assets increased by $575 million during the year.” Walter Burien estimates that the combined surpluses of California’s 10,000 government entities is ~ $8 TRILLION. Think about this when considering the proposed tax increases the governor wants us to approve.
readerSeptember 26, 2012 - 11:01 pm
When you have a pension fund, isn't the money invested to earn interest so you can pay the pensions promised in the future? Isn't this how pension funds are intended to work?
Evelyn VeerkampSeptember 27, 2012 - 11:37 am
CAFR SUMMARY: WHY CAN'T A $600B ‘FUND’ FUND $27B PENSION, $16B BUDGET DEFICIT? @ http://www.examiner.com/article/cafr-summary-why-can-t-a-600b-fund-fund-27b-pension-16b-budget-deficit
Evelyn VeerkampSeptember 27, 2012 - 11:39 am
DOES CALIFORNIA NEED A $600 BILLION INVESTMENT FUND GIVEN OUR AUSTERITY? @ http://www.examiner.com/article/does-california-need-a-600-billion-investment-fund-given-our-austerity
Mike KenisonSeptember 27, 2012 - 1:07 pm
The money in those pension portfolios are severely under-funded. Yes it earns interest and dividends and there are gains and potential loses in these portfolios. WE DO NOT Want spend this money to cover current budget deficits. If we do, we will then have to come up with more money down the road to pay pension benefits. This is what happened to Social Security. The Feds borrowed from the SS trust fund and now the SS trust has IOU's from the FEDS. This is part of the reason we are looking at $40 Trillion in unfunded liabilities! And our kids are going to have to pay this! The state, the feds and all government just need to cut spending, stop increasing benefits and balance budgets!! If we tax everyone's income 100%, government will just spend more. This will all end badly, unless we balance budgets!
Evelyn VeerkampSeptember 27, 2012 - 1:43 pm
Mike Kenison: I'm not clear whether the pension portfolios are underfunded. Pgs 232&233 of California's most recent CAFR show the following for Pension and Other Employee Benefit Trust Funds: TOTAL ASSETS = $459.9B; TOTAL LIABILITIES = $50.3B. NET $409.6B is described as "Held in trust for benefits and other purposes". My two present questions: 1) Is a 9:1 asset/liability adequate? 2) What are the intended "other purposes" (beyond required benefits)for the Net Assets?