August 13, 2002
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The Report http://www.taxfreedom101.com A Weekly Internet Publication - August 13, 2002 - The Constitutional Revival Movement's News Source |
UPDATES: - News Story Correction - Soliciting Your Input NEWS: - Liberty Post.org - Don't Cry for Me Argentina INFORMATION: - How to Hide Trillions and Get Away With It http://www.taxfreedom101.com/ezines/tf101_listings.htm
| | Why The Tax Freedom 101 Report? "An immense effect may be produced by small powers wisely and steadily directed." - Noah Webster, Founding Father of American Education Dear Netizen: Do you find the The Tax Freedom 101 Report interesting, useful, educational, or surprising? You do? Great! Then why not recommend this newsletter to a friend or two. They don't have to be a crazed liberty-lovin' "radical", heck even raging communists and everyone in between enjoys reading this newsletter! So spread the word, your email 'forward' button is just a click away! If you can't forward this newsletter can you support this work? If you appreciate this newsletter and find the information contained herein important consider donating a Federal Reserve Note or two to keep the information coming..
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UPDATES: - News Story Correction In last week's issue of The Tax Freedom 101 Report we were alerted by our readers that a broken link was present in an important story in the news section. The referenced news story with the broken link which has now been corrected is:
CNSNews by Christine Hall Staff Writer - August 02, 2002 is available at the corrected link here.
Please visit The Feedback Center at Tax Freedom 101 here to leave us your personal testimonials. Thank you. Former Federal Internal Revenue Officer Tells All Personal revelations and discoveries regarding the truth behind the income tax made this successful revenue officer resign. Learn who, how, what, when, and why! Incredible credibility and professionalism provides a knock out video presentation. Learn more details here. NEWS: For reasons unknown, word has it that the largest 'conservative' Internet posting and discussion forum wants to censor certain posts from appearing before its participating members to maintain and forward a specific political agenda. We are not quite certain if this is indeed the case, but if it the case this is completely acceptable, as any privately maintained and funded operation may make the decision whether it wishes to be a first amendment 'free' zone or not. The beauty of market forces in a free economy is that when a need is apparent, an unfettered citizenry at liberty will fill soon fill the void. It appears that void has now been filled, as the present darkness of free thought was seen great enough to establish yet another posting service. Fellow Save-A-Patriot Fellowship member Neil McIver has created LibertyPost.org, officially launched on June 22nd, 2002.
- Don't Cry for Me Argentina As the government of Argentina tries to sort out their financial predicament predicated upon worldly debt, and while some of its citizens bang hopelessly upon the major western bank doors for return of what is left of their now grossly devalued pesos, other Argentineans are rediscovering the joys of being a truly free, and responsible society. Discovery of 'a just weight for a just measure' is not so surprising when peoples lives are mutually at stake. Yes the situation is that drastic, and required reading to see just how drastic life can become when people operate on a continuing basis of unjust weight and measures can be found in the Washington Post story, 'The reason to cry for Argentina'. Link provided later. The Illusion of a Successful Monetary Experiment While heavily devalued pesos are being rationed for circulation by banks/government, the job scene is just as bleak for Argentineans. Earning a living, and just sustaining one means that some citizens have resorted to private printing presses within their own control to reestablish a vital economy. Resourceful Argentineans have begun regional 'barter clubs' using self created 'barter credits' [BCs] for a medium of exchange. These BCs like our equivalent FRNs are just paper notes subject to inflation [theft], then devaluation [theft realized]. Our U.S. Constitution expressly prohibited 'bills of credit' [paper money], because the framers understood that man-made devices of exchange were indeed corruptible. Yet what do we use today for a medium of exchange, and why do we use it? What was the peso tied to for its value, and why the substantial decrease in its value? Why did the people of Argentina trust their elected officials to be honest with debt instruments, or better yet why did they abrogate their responsibility to hold their government in check from accepting loans from the IMF? These BCs being issued represent value for some of the Argentinean's most basic living needs. The BCs are entered into circulation when something of value is brought into the club, whether it be food, a hair cut, or even medical service. An even exchange occurs in the minds of the individuals, and there are no taxes to be collected by government, yet. And why would there be a taxable event as there is no gain realized by the people - only the continual maintenance of life is offered which is a natural right. A democracy will not allow such a natural right to continue, but a government that protects the natural rights of individuals will. Integrity and honesty of the creators [issuers of BCs] and participants within these barter clubs will dictate the future success of the ongoing operations. Still the BCs used are subject to the the same fallacies of man as is when any paper currency is used. In the meantime these 'bills of credit' that have been issued work because they have perceived value in the minds of the barterers, and they have not been diluted to the point in which the delusion of intrinsic value has been formally expressed.
The Empty ATM - What is Argentina's lesson for other advanced capitalist democracies? Wide Angle - PBS: photo/video journal, timeline, info-graphics, resources and discussion here. The reason to cry for Argentina Another World Economy Shudder Coming Take Home 100% of Your Next Paycheck! What does the law say about those who refuse to fill out, or decide to terminate the voluntary withholding agreement W4? Learn how to present the proper paperwork to $top tax withholding in the workplace! Detailed 104 page report and audio here. INFORMATION:
As always don't take our word for it, nor that of Walter Burien, the discoverer of Comprehensive Annual Financial Reports. That is until you have done your due diligence to discover the truth for yourself in what could be considered 'The Biggest Game in Town'. They Don't Need Our Money - They Have Plenty: Comprehensive Annual Financial Reports Exposed What you will hear on The Agitator Hour radio show tonight will shock you. Is the national debt just an illusion? Does the now 6 trillion dollar federal debt really exist? What if the answer was no? What if the stock market was really controlled by composite government's institutional funds and the movement of the market - up, down, and sideways was predetermined as a result of a greater than 50% controlling interest in the market by government? Would the stock market ever really collapse by movement in the private sector? Probably not. What if you learned that there was now no need for any taxes to be collected by government because nearly everything was owned and controlled by government anyway? -- [the government is still We The People in case you may have forgotten, or so it is suppose to be]. Would the fact that we have had no need for internal taxation for many years shock and bother you? If the assertions and evaluations by Walter J. Burien are correct regarding the fairly recent discovery (within the past 10 years) of Comprehensive Annual Financial Reports kept, produced and required by law to be kept by the nearly 54,000 government entities established and controlled by composite government than the surprising answers presented to those questions would have some serious merit. The Agitator Hour: Mr. Burien has documented the concealment by state and local officials of billions of dollars of income from investment of tax payer dollars while they whine that they're running out of money. What you're going to hear is amazing. Listen to the archived interview of Walter Burien on the Agitator Hour using the following links: Comprehensive Annual Financial Reports The Biggest Game in Town What follows is an amalgam of statements or implications raised by Mr. Burien on a telephone conversation, Tom Valentine's radio interview, Mr. Burien's Email, and an article on Mr. Burien written by "Betsy Ross". Mr. Burien reports first discovering the CAFR report in New Jersey in 1989, when he helped start a New Jersey tax protest group called "Hands Across New Jersey". While involved with that group, Mr. Burien read in the state's Annual Budget that the total cost of all public services was $17 billion and the "net available" (the money on hand to pay all bills) was $24.6 billion. But then he asked the first question the IRS asks in any audit: "What are the gross receipts? He added the figures from various sources and came up with about $44 billion and began to wonder how the state could have $17 billion in costs, $24.6 billion in cash on hand, and $44 billion annual income? The numbers didn't add up, so he began to dig deeper. Because his father had been Personnel Manager for the State Treasury for eight years, Mr. Burien understood how to get around in the various government departments. The state Director of the Budget was on vacation, so Mr. Burien called one of his lowest level assistants and said, "I'm working on a report for Richard [the vacationing Budget Director] and I need all the figures on the autonomous agency accounts, interest accounts, investment accounts." The assistant said, "Oh, you want the CAFR." This was the first time Burien had heard of CAFR but he said, "Yes" and the assistant mailed it to him. The CAFR showed that New Jersey had liquid investment funds (cash) of $188 billion; common stocks worth $70 billion, $10 billion in loans due from public and private corporations, and $14 billion in insurance company equity participation. The little state of New Jersey, which admitted to less than $25 billion in annual income on its budget, reported $300 billion in cash, stocks, loans and equity participation on its CAFR. According to Mr. Burien, "On that day, I learned the definition of syndicated organized crime." The scam worked something like this: Anything that was a cost or expense for public services (the traditional side of the Annual Service Budget, such as the Department of Transportation, health and welfare, etc.) was reported on the Budget where public taxes paid 100% of the bill for those services. That was $17 billion. However, any governmental agency that was a profit center (the Port Authority for New Jersey, the New Jersey Turnpike, and investment account, etc.) that generated no-tax revenue was "restricted by statute from being reported in the Annual Budget. Why? Because the state legislature passed laws to prevent reporting the income from profit center on the Budget. Instead, income from these profit centers was disclosed only on the CAFR. But that disclosure was not immediately apparent. For example, when Mr. Burien looked for New Jersey's 1989 "gross cash receipts" in the CAFR, he found the figure buried on page 174, under the "Waste Water Treatment Trust Fund". It showed the amount of the total cash receipts for 1989 from all 69 autonomous state agencies and departments was almost $87 billion. In other words, New Jersey was charging $87 billion to provide $17 billion in public services. New Jersey citizens were paying $5 for every $1 in services they received, and the state was pocketing the other $4 as "profit". The CAFR also reported the state owned $32 billion in common stocks - but this figure was footnoted. The footnote revealed that the stocks were valued according to their original purchase price, not the current market value. In other words, if the state bought a stock in 1968 at $1.25 a share and it's worth $3,000 a share now, they still report it on the CAFR as worth $1.25 a share. Burien determined that the true market value for the "$32 billion" in stocks reported on the New Jersey CAFR was actually about $70 billion. But Mr. Burien goes further - he claims that the dual system of books is not unique to New Jersey, but also common among all fifty states. Moreover, he claims the dual accounting system was not only used ten years ago, but is still being used today. For example, "In 1987 Arizona's annual service budget reported $2.8 billion in revenues but the state's 1987 CAFR reported total cash receipts of $3.1 billion, a mere $300 million difference." "However, in 1997, Arizona reported an Annual Service Budget of $5.5 billion while the State's CAFR (printed by the Auditor General's Office) showed total gross cash receipts of $17 billion. that's a difference of over $11 billion. In just ten years, Arizona had caught up to New Jersey in that both states' annual budgets reported less than one-third of the actual gross income seen in the states' CAFRs. "CAFR reports indicate that the composite totals for all government (Federal, state, county and city) ownership of publicly traded stocks exceeds $32 TRILLION (53% of the total ownership of all listed stocks), $8 TRILLION in insurance company equity (should we be surprised by high priced mandatory auto insurance or unaffordable health care?) and $5 TRILLION in Bond Surety Escrow Accounts for future liability of existing or potential debt. Governments use Bond Surety Escrow Accounts to evade that pesky little rule that government should not operate at a "profit". That is, government should not impose more taxes than it actually uses to run the government. By designating tax revenue that exceeds operating costs as "Bond Surety Escrow" for future liability, government avoids calling excess revenue a "profit" and is thereby enabled to continue to enrich itself at public expense. To illustrate the potential for abusing "future liability payments", consider the New Jersey plan in the 1950s to build the New Jersey State Turnpike and Garden State Parkway Authorities. The state asked voters to approve a $7.5 billion bond to construct the turnpikes. The state explained that these turnpikes would be operated as toll roads by the bondholders until the $7.5 billion bond was paid off - but the bondholders could not operate the toll roads at a profit. Once the bonds were repaid, the turnpikes would revert back into the state's Annual Budget as a normal cost/revenue item. The public voted Yes. Over the following years, the state sometimes alleged that the toll revenue from operating those turnpikes failed to cover their operating expenses, and so additional bonds were passed to fund the turnpikes. As a result, in 1990, the total bond liability still owed for the turnpike had grown to $14.5 billion. But guess how much was in the 'Bond Surety Escrow Accounts'? $38 Billion! Enough to repay the original $7.5 billion bonds almost four times! How could that happen? Say the toll road made a $400 million profit for the year and the scheduled payment on the $7.5 billion bond was $100 million. The state made the $100 million payment but kept the extra $300 million in a Bond Surety Escrow Account for 'future liability payments'. Although they kept the $300 million, they did not declare it as an asset but wrote it off as a line item payment. In other years, even though they made a profit, they'd allege that they lost money and therefore floated more billions in bonds. (Guess who pays?) The bottom line is that New Jersey is collecting hundreds of billions of virtually unreported dollars from all the autonomous agencies. The motivating factor is not public welfare, but control of those billions. Mr. Burien not only alleges that the dual accounting system exemplified by CAFR is not only used by all fifty states, but also by all counties, cities and the Federal Government itself. If Mr. Burien's allegations are correct, they comprise the most damning indictment of big government yet seen. In sum, Mr. Burien implies that our government is in fact a criminal enterprise bent on oppressing Americans by extorting several times as much tax revenue as it spends on public services and using the majority of those extorted revenues to enrich, empower and enlarge government at public expense. According to Mr. Burien, although the public is absolutely ignorant concerning CAFR, the primary cause for that ignorance is not the politicians but the mainstream media. When Mr. Burien first discovered the CAFR reports in New Jersey in 1989, he went on radio 101.5 FM in a live 45 minute interview. Two days later, that radio station was threatened with losing its license and was almost shut down. CAFR had become another example of - "third rail journalism" - any reporter or media outlet that touched the issue would be silenced or driven from journalism. As a result, there's been a total mainstream media blackout on disclosing CAFR reports. Later, Burien learned that the New Jersey official in charge of discrediting his CAFR discoveries was a former reporter who'd been appointed Assistant State Treasurer - even though he had no former financial background. Burien investigated his background and learned that as a reporter he made $35,000 a year. But as Assistant State Treasurer he made $65,000 a year - plus a Carte Blanche expense account of $125,000. !???????? Burien claims this was not an aberration: "I knew there was a state data search department which tied all agencies and departments together. I called that department and asked for a data search on all key level directorships and supervisory positions for all budgetary or autonomous agencies, and they came up with some 3,500 names from several administrations. Almost 1800 of these Directors were former editors or reporters! It is a virtual certainty that many of these appointments were payoffs for the journalists' previous "cooperation" in spinning or silencing stories to suit government. If you conduct a comparable search in other states, you may find a similar symbiotic relationship between government, editors, and reporters. If so, the media's "liberal, pro-government bias" may run much deeper than anyone has imagined, and the 'military-industrial complex" described by President Eisenhower in the 1950's may have been replaced by a "media-bureaucracy-banker complex" in the 1990s. Therefore, Mr. Burien recommends that once you analyze your state's Budget and CAFR reports, you insist that your local news mainstream media (TV, papers, radio) raise the "Public Awareness" by reporting the difference between the composite "total of cash receipts from all agencies, departments, investments, etc." and the "actual total composite revenues held or controlled". If your local media refuse to publicize your state's CAFR, they may be cooperating with a criminal agreement which has effectively silenced public disclosure of the CAFR reports for over forty years. However, once Americans know how much money is out there, where it's coming from and where it's going - the government's game will be over. Any media that refuses to make immediate mention of the CAFR report should be publicly and aggressively boycotted. Media exposure is the jugular vein of the evil and corruption. [end] Related news story: The Governments Secret Trillions If you would like to learn more send an email to CAFR1@aol.com and request his home page and ordering information for his video and book: 'The Biggest Game in Town'. Wishing you a tax-free day, The Tax Freedom 101 Staff | | |||||||
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