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It makes the Pentagon’s secret operations, including the intelligence budgets nested inside, “roughly equal in magnitude to the entire defense budgets of the UK, France or Japan,”
This was the first CAFR1 video that got the ball rolling for international disclosure of the CAFR of which has become the biggest shell game played in government finance.
Government promotes annual "Budget Reports" and at the same time virtually not a peep as to their Annual Financial Report (AFR) or the Comprehensive Annual Financial Report (CAFR) that came forward in 1946 to become the standard for all local government come 1978. Do a Google search on CAFR
The shell game in simple analogy that has been played out by government per the CAFR vs. The Budget is as follows: If you have a basket of 40 apples and a basket of 200 oranges, if you audit the basket of apples you will find 40 apples and then government implies "an audit of the fruit basket shows 40 apples, look no oranges!"
The annual "Budget" is what government calls "The general purpose operating funds" (the apples) The CAFR (Comprehensive Annual Financial Report) shows all investments that have built up over decades, tax income, and enterprise income (The oranges and the apples) To refer to accounting from the general purpose operating funds exclusively which "is" a showing almost exclusively of the primary tax income with the exclusion of all the rest is perpetuating the gross misrepresentation game government has been playing now for over 65 years.. In doing so over the last 65 years composite government now "owns it all" by investment and with said ownership controls the markets and by being the primary owner of the market, drives the markets significantly up or down through their coordinated buying and selling.
Results 1 - 10 of about 28,100,000 for comprehensive annual financial report. (0.24 seconds)
It would be great to someday know what the "Wizard" had behind the curtain though.
Many of the secret budgets still remain clandestine, however. In the research budget, the line item for a “Special Program”of the super-secret National Security Agency is a string of zeros. Same goes for an NSA “Cyber Security Initiative”