Just when you think it can't get any worse you discover someone like Walter Burien.
Just when I think I have a handle on what is going on, as slowly, over the last year or so, try to put the pieces of the puzzle together, discover it is more horrifying previously imagined. I knew government was corrupt, banks and taxes were evil, but I had no idea it was this corrupt and evil.
From Walter I discovered that municipal, local, state, all levels of government are perpetuating fraud. There is a lot here but essentially government has the assets and income to pay all expenses. It does not need taxation revenue and is fraudulent when it claims to be broke. What he has to say can be supported by examining any Comprehensive Annual Financial Report (CAFR) such as these from California or the 2008 North Carolina CAFR where you can see:
In 2008, NC Total Govt Funds assets were $15.1 billion, liabilities were $9.4 billion ending in a $5.6 billion surplus. page 60
2008 NC Component Units assets were $27.9 billion, liabilities were $11.3 billion ending in a $16.5 billion surplus. page 157
What does this mean? It means California's "deficit" is a FRAUD
It means ALL these stories are FRAUDULENT
Two Dozen States’ Unemployment Funds in the Red, Nine More Within Six Months
State Pension Funds in a $3T Hole
Walter responds to Ed Jacobs discussion with Beth Jacobs NC State Auditor above
What they are doing is using the publics funds to bailout their own investments, government investments, that the public never even knew existed in the first place - Walter Burien