The Biggest Game In town- You should probably watch this soon, page 11

reply to post by muddyhoop

---

don't mix total holdings and turnover.


if two thirds of the government's income is truely derived from capital markets, then who owns the entrie market? is this how you expected the system to work? also, if there was a surplus, they'd continuall increase their share in the markets, until everything actually belonged to them one way or the other.

what is this? it's not a free market economy they're always talking about.

Here is a reply to a news article in a Tucson, AZ paper yesterday. The same applies for gov pension funds:

------------------------------------------
Date: 03/11/09 - CAFR1 NATIONAL POST
-------------------------------------------------------

WJB REPLIES TO A NEWS ARTICLE PER A DEFICIT - TUCSON, AZ SELF INSURANCE FUND - www.azstarnet.com...

POSTED IN THE COMMENT SECTION (Comment #51& 55)
regulus2.azstarnet.com...
--------------------------------------------------------

The use of the word "deficit" is not accurate and in fact inappropriate.

Here is why: Say if I filed a court action against you for five million dollars because I thought you looked at me in the wrong way. Well, if you took the liability as five-million dollars, (which you don't have). You could say you had a deficit of five million dollars even though I would probably have a zero chance of getting a judgment in my favor let alone collect on it.

I would strongly suggest looking at those who have gotten large payouts from this fund over the last ten years to see if there are a few attorneys networking with the local judges to get awards of $$$$$$$s on fronted up cases.

Additionally, per employee coverage, say if the actual payouts were say $150,000 per year but the fund said we will use an actuarial projection that we need to pay out $500,000 per year. These types of funds are set up like pension funds. So, if $500,000 is the actuarial "projection" used, this means that x amount of dollars will be put aside whereby the return will equal as in this example $500,000 generated per year. So, "if" on the actuarial projection used is a 10% rate of return, that means $5,000,000 will be put aside and at a 10% rate of return that equals the $500,000 annual "projected" liability.

Now if, for example they changed the "projected" rate of return to 5%, that would require $10,000,000 put aside to equal the $500,000, or if 2.5% is used then $20,000,000 put aside. If the balance of the fund was $10,000,000 and they used a projected rate of return of 2.5% then they would say they had a $10,000.000 deficit. If they used a 10% projected rate of return then they would have a $5,000,000 surplus..


So there are only four issues here:

1. What have the actual payouts been from the fund each year for the last 15?

2. Should they pay costs right from cash payments or build a wealth base (as they do now) by investment to pay the payouts from the return?

3. Are they fudging the actuarial projections over actual payouts and real rate of return?

4. Over the last 15 years, have some of the inside player been greasing their pockets from "fixed" court resolutions on claims made against the fund?

Hope the above helps.

WJB - CAFR1.com

------------------------------------

Sent FYI from,

Walter Burien
P. O. Box 2112
Saint Johns, Arizona 85936

CAFR1.com...

Tel. (928) 445-3532

------------------
Any local government can be restructured to meet their annual budget needs "Without"
taxes.TRF (Tax Retirement Funds) paying for every City, County, State’s annual budgetary
needs!
--------------------
To automatically subscribe to CAFR1 posts - cafr1.com...
--------------------

PS AboveTopSecret Readers: There are a lot of crackpots out there and most of them want you to believe government is your friend and never breech the void in your comprehension to ask three basic questions per your local government:

1. What is the gross income for the year from, taxation, investment, and enterprise?

2. What is the consolidated totals from "all" investment funds held by that local government?

3. What has the growth been of the local government over the last 5, 10, 15, 20, 25 years.

Any chatter outside of addressing these issues is moot.. Break the void of comprehension you were intended not to know - DUE TO THE MONEY AND CONTROL INVOLVED!

[edit on 11-3-2009 by CAFR1]

guys there's no need to argue about this. this isn't UFO's we'er talking about. either this is real or it isn't. the informatin is right here.

please, if anyone knows about business/finances take a look at this example CAFR i got from teh web. it's a small town in texas.

is this bs or not?

www.abovetopsecret.com...'

reply to post by dean007

---

I'm not really sure which branch you would be referring to. But it sounds like you're pretty much on the right track.

If you've ever studied a mafia business structure you'll notice that many times they involve business "fronts". These fronts allow the illegal business to be done in the back of the store while the legitimate business is kept toward the front, so nobody gets suspicious.

Watch the godfather, notice they deal in Olive Oil. Get it?

Same basic premise here. If you treat the infastructure in this country like the mafia it all becomes really really obvious.

:this isn't a bump?:

Mainstream Media IGNORES Iceland Revolution
  Posted 7 days ago with 96 member flags

Paul says “Next Crisis will be More Destructive”
  Posted 19 days ago with 29 member flags

Nigel Farage: The EU Titanic Has Now Hit The Iceberg
  Posted 18 days ago with 26 member flags

Here Are The 5 Worst Places To Be When The Dollar Collapses
  Posted 4 days ago with 19 member flags

The Coming Canadian Housing Crash
  Posted 14 days ago with 18 member flags

What is *THE* domino you\'re waiting for, and why?
  Posted 7 days ago with 17 member flags

Greece bank run
  Posted 11 days ago with 15 member flags

Facebook insider sales are huge red flags
  Posted 9 days ago with 13 member flags

Newest topics, updated in real-time:

Newest topics getting flags, in real-time:

Newest topics getting replies, in real-time: