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Posts Tagged ‘CAFR Scam’

FOR IMMEDIATE RELEASE: CRIMINAL/CIVIL CHARGES AGAINST THE WASHINGTON STATE CORPORATE GOVERNMENT/MEDIA FOR ONGOING SYSTEMIC FINANCIAL/CONSTITUTIONAL FRAUD AND TREASON

Posted by nowisthetimeus on September 19, 2012

Seattle, Washington State, America
September 20, 2012

Criminal/civil charges have been filed with referenced evidentiary weblinks against officials of the Washington State corporate government, as well as media corporations operating in Washington State, for perpetrating/enabling systemic financial/constititutional fraud and treason.

The allegations in these legal actions specifically expose what has been called the CAFR scam, with its implications of fraudulent unnecessary budget cuts to government services at all levels of government all across America as a result of theft by the private Federal Reserve System. These are accompanied by related allegations that the Washington State Constitution of 1889, as well as the present US corporate government, are fraudulent, and that failure to disclose this constitutes treason on the part of state corporate government/media officials.

These criminal/civil charges have been filed with the Federal Grand Jury of the Ninth District Court, the FBI, the Offices of the King County Sheriff, and that of the Seattle Chief of Police and Seattle City Prosecutor here in Seattle . They have also been filed in the state capital of Olympia/Thurston County with the Offices of the Thurston County Sherriff, the Thurston County Prosecutor, the Olympia Chief of Police and the Olympia City Prosecutor.

Copies of these charges’ Proofs of Filing can be seen below. All civil/criminal charges filed at the local level were hand-delivered, with receipts signed at the front desk for documentation of filing. Those filed at the federal level even if local, as well as those filed at a distance in the Washington State capital of Olympia were filed via certified mail.

Those charges filed with the Federal Grand Jury were filed without return receipt to better ensure that they would reach the Foreperson without the interposition of possibly compromised court clerks or US attorneys; accordingly, a copy of the screen shot from the delivery tracking portion of the US Postal Service website has been scanned to show such proper filing, with delivery on September 10, 2012.

It should be mentioned that two attempts to file these charges with the King County Prosecutor’s Office were unsuccessful. In both instances, clerks connected with this office rejected the packet of charges. They stated that sovereign citizens did not have the right to file criminal charges, and that all civil charges against the state need to be filed as a civil lawsuit at the sovereign citizen’s expense — now $400 — with the district court to be decided by state corporate government-appointed judges. This clearly no-win proposition for the plaintiff was immediately rejected by this plaintiff.

All of the filings of these charges been done in such a way to ensure as well as is possible that appropriate action might be taken on the part of law enforcement/judicial agencies located in Washington State, and that if it is not, that such derogation of duty will become immediately and publicly apparent, as seen in the paragraph above concerning Proof of Public Disservice by the King County Prosecutor’s Office.

Since the term “United States of America” is now often considered to denote the bank cartel-controlled federal government corporation, many geopolitically savvy sovereign citizens prefer being called “Americans” and their country “America”, even though we share the North American continent with other nations. This dichotomy illustrates the gravity of the issues being discovered in this document, and is the reason that the terms ” America ” and “Americans” are herein being used instead of ” USA ” and ” US citizens” to denote our nation and its legitimate inhabitants.

Media corporations operating in Washington State are, possibly for the first time in recorded history, included in such a legal action. It finally needs to be publicly acknowledged and acted upon that corporate media distortions and omissions in reporting the news as agreed upon in their corporate charters have long enabled such ongoing criminal activity on the part of corrupt corporate government officials in this state and in others throughout the world. This was also done to remind both media corporations and the public that, besides prosecution of their executives, corporate charters can be legally rescinded as a form of capital punishment for capitalist corporate entities whenever their corporate charters are repeatedly and reprehensibly violated, as many have been in recent memory.

It is hoped that these public legal actions will help create a template by which empowered sovereign citizens everywhere can draft their own like public legal actions based on their own situations, research and laws, and they, like sovereign citizens in Washington State, can themselves publicly file these charges with their own law enforcement agencies to help expose and systemically extirpate this ancient ongoing theft of planetary resources.

Other sovereign citizens of Washington State are cordially invited to print out these charges and file them with their own local law enforcement officials, as well as forward them to their elected representatives, to Washington State media and to their fellow citizens, so that general knowledge of such systemic evil and what can successfully eliminate it can rapidly be increased.

For it is only by such peaceful but effective means that the satanic international bank-based corporate crime syndicate that presently controls most of the governments of this planet will ultimately and forever be defeated.

——————————————————————————–

WCSS 9-5-12.doc

CRIMINAL/CIVIL CHARGES AGAINST WASHINGTON STATE CORPORATE GOVERNMENT OFFICIALS/MEDIA CORPORATIONS OPERATING IN WASHINGTON STATE FOR SYSTEMIC FINANCIAL/CONSTITUTIONAL FRAUD AND TREASON

Against the following Washington State corporate government officials:

Governor Christine Gregoire, Treasurer James McIntire, Attorney General Robert McKenna, Washington State Investment Board Legislature Liaison Rep. Sharon Tomiko-Santos, Budget Director Martin Brown, President of the Senate Lisa Brown, Co-Chairmen of the Senate Ways and Means Committee, Senators Edward Murray and Joseph Zarelli, Speaker of the House Frank Chopp and Chairman of the House Ways and Means Committee Ross Hunter, as well as top management of mainstream/alleged alternative media corporations operating in Washington State, the following criminal/civil charges are alleged:

1. Systemic Ongoing Financial Fraud Against the People of Washington State

1.01 That the abovementioned Washington State corporate government officials and their predecessors in office, as well as mainstream/alleged alternative media corporations operating in Washington State have knowingly and repeatedly concealed the existence of approximately two-thirds of state monies shown in the Washington State Comprehensive Annual Financial Report, (CAFR) while misrepresenting the remaining one-third of these monies as the entire “state budget” since at least the mid-1940s;

Websites/links on CAFRs/CAFR Scam

http://en.wikipedia.org/wiki/Comprehensive_annual_financial_report

http://www.cafrman.com http://www.cafr1.com

http://www.webofdebt.com/articles/mysterious_cafrs.php

http://www.examiner.com/nonpartisan-in-national/carl-herman

http://www.comprehensiveannualfinancialreport.com

1.02 That Washington State corporate government officials have invested the two-thirds of state monies concealed in the CAFR in institutional corporate Wall Street investments, rather than in investments that would directly benefit the people of Washington State, such as investments in small businesses with the much greater amount of employment, personal prosperity and government tax revenues they would provide, in infrastructure maintenance that would provide widespread employment as well as for the general welfare, or in a public state bank, which, as in the State of North Dakota since 1919, would eliminate state economic downturns altogether;

Websites on Pubic Banking

http://www.wapublicbankproject.org http://www.publicbanking.org http://www.webofdebt.com

1.03. That, next to institutional investments in the US government corporation’s increasingly devalued financial instruments — the collateral damage from the recently revealed LIBOR scandal (LIBOR=London Interbank Offered Rate or “LIBER” (Latin for “Unregulated”) —

http://www.businessinsider.com/infographic-the-libor-scandal-explained-2012-7

the state corporate government’s largest investments are in the corrupt international banking cartel directly responsible for the global depression of 2008, in which the global economy, as well as that of Washington State presently remain;

1.04 That at least eighty-five percent of the state’s investments are in foreign governmental or quasi-governmental entities and transnational corporations; few of them are in any entity located within Washington State , or in any headquartered in America ;

1.05 That of these transnational corporate Wall Street investments, a disproportionate number are in predatory transnational corporations other than the predatory transnational banks, in which the majority of the people of Washington State, if sufficiently informed, would not want their money invested as a matter of ethical and/or environmental principles; this includes institutional investments in BP, Shell, Keystone XL, Dow Chemical, Massey Energy, Cargill and Monsanto;

1.06 That the Washington State government has a grave conflict of interest by aggressively promoting by both executive order and legislation the products of industries in which they have large investments, such as the pharmaceutical cartel and its bioweaponized vaccines, in which it has institutional investments of over one-half billion dollars;

Why the Washington State Government Is a Ruthless Vaccine Pusher

http://www.allvoices.com/contributed-news/8367537-why-the-washington-state-government-is-a-ruthless-vaccine-pusher

1.07 That the Washington State government has a grave conflict of interest by failing to proportionately tax those Washington State-located transnational corporations in which it is heavily invested and/or whose favor they wish to obtain;

1.08 That the Washington State government has a grave conflict of interest by investing in foreign manufacturing competitors while failing to invest in those which would provide manufacturing employment and infrastructure for the people of Washington State;

1.09 That the Washington State Investment Board (WSIB) — the financial arm of the Washington State Legislature headed by the state treasurer — employs financial advisors of questionable competence and integrity, including accused war criminal former US Secretary of State Madeline Albright and the infamously corrupt investment firm of Goldman Sachs — never consulting with those who offer any alternative economic perspectives and solutions, including those employed within the Washington State government itself;

1.10 That the WSIB plotted in the spring of 2006 to alter the Washington State Constitution so that the fulsome Washington State Education Fund — derived from regular fees paid by the state’s resource extraction industries of mining, fishing and lumbering — could be used in the future for institutional corporate Wall Street investments, rather than as before being kept safely in trust;

1.11 That to achieve this diversion of state funds in trust, the WSIB quietly placed on the state ballot Issue 4215, which proposed an amendment to the Washington State Constitution allowing the state higher education funds to be used in corporate Wall Street investments;

1.12 That the majority of voters in Washington State, deliberately kept ill-informed by state corporate government officials and mainstream/alleged alternative media corporations operating in Washington State, passed this stealth measure by a large margin in November 2006, to be ratified as a constitutional amendment by the state legislature in January 2007;

2006 Washington State Voters Guide Writeup on State Issue 4215

http://vote.wa.gov/Elections/Measure2007.aspx?a=4215&c=7

1.13 That, since early 2004, the WSIB has deliberately invested a large portion of its institutional investment portfolio in derivatives and credit default options (CDOs), the most opaque, unstable investment instruments imaginable;

1.14 That, due to the corporate bailouts and banking cartel-engineered depression of 2008, as well as the WSIB’s prodigal, imprudent corporate Wall Street investments, the Washington State Education Fund now has been depleted by half, due to the resulting devaluation of institutionally invested stocks and bonds;

1.15 This has served to radically increase tuition and student loan indebtedness while radically decreasing the availability and quality of higher education to the people of Washington State ;

1.16 That all of this occurred less than two years after Issue 4215 was stealthily and deceptively introduced by the WSIB, passed by the majority of voters, and its related constitutional amendment approved by their state legislators;

1.17 That the amount of the people’s money deliberately being squandered in volatile institutional corporate Wall Street investments is at least eighty times the amount of the alleged state budget deficit of approximately $1 billion, which this invested money could have easily eliminated if used responsibly;

1.18 That the abovecited Washington State officials continually demand increasingly exorbitant taxation and licensing fees from the already deliberately financially stressed people of this state;

1.19 That they do this is while being entrusted with massive amounts of the people’s money, yet knowingly and willfully withholding and purloining it for the benefit of the private international banking cartel and those who secretly control it;

1.20 That the immediate motive for this treasonous fraud perpetrated by the abovecited Washington State corporate government officials and their predecessors in office and mainstream/alleged alternative media corporations operating in Washington State against the people of this state has been their greed for both wealth and power, accepting lucrative bribes, kickbacks, campaign contributions, loans and lucrative advertising contracts, as well as enhanced monies from personal investments from the corrupt international banking cartel and other corrupt transnational corporations;

1.21 That the actual underlying motive of these corporate state government officials’/media corporations’ corporate contributors has been, besides huge profits, the financial destruction and enslavement of the people of this state;

1.22 That therefore the Washington State corporate government budget and its budget deficit are now, and have been since at least the mid-1940s, fraudulent;

1.23 And therefore all budget cuts made on the pretext of this fraudulent state budget deficit that now threaten the general welfare — including the health and wellbeing of the disabled and disenfranchised, the cutting of public library, public transportation and public education services and those budget cuts which threaten to privatize all of the Washington state park system — are therefore criminal.

Websites/links Providing Evidence of the CAFR Scam in the Washington State Corporate Government, Including the Washington State Investment Board’s CAFR With Analysis, and Similar Recent Budgetary Fraud Exposed in the California State Parks System

http://nowisthetime.us http://www.sib.wa.gov

The Spokane Spokesman/Seattle Times Columnist: Washington State Parks Now on Their Own

http://spokesman.com/stories/2012/aug/04/state-parks-on-their-own

http://seattletimes.nwsource.com/html/dannywestneat/2018850731_danny05.html

CAFR Scam Exposed: California State Parks Department Had $54 million While Asking for Park Volunteers and Cutting Park Services

http://www.latimes.com/news/local/la-me-state-parks-20120721,0,2383546,full.story

2. Deliberate Denial of Remedy, Indicating Complicity in Criminal Conspiracy

2.01 That the above-cited Washington State corporate government officials and their predecessors in office, as well as mainstream/alleged alternative media corporations operating in Washington State, have failed repeatedly to disclose publicly that the figures contained in the Washington State Annual Comprehensive Financial Report — not those in what they claim as the annual budgetary document — are the most accurate declaration of actual state corporate government funds;

2.02 That the abovecited Washington State corporate government officials and their predecessors in office have failed to provide to the public clear comprehensive summaries of the fraudulent, unnecessary budget cuts made to each and every state cabinet department and its programs to obfuscate their negative impact on the general welfare of this state; and the abovecited mainstream/alleged alternative media corporations operating in Washington State have failed to demand and report on such essential information;

2.03 That the WSIB has deliberately invested the people’s money in volatile corporate Wall Street investments knowing that it would never be returned to them, not only because their inherent risk, but because of ongoing fraudulent and insidious federal corporate confiscation of these funds, upon which the mainstream/alleged alternative media corporations operating in this state, as well as state corporate government officials, have continually refused to report to duly inform the public;

2.04 That all individual and institutional investments, after being registered by a stock broker with the Depository Transaction Clearing Center (DTCC) — an obscure subsidiary of the privately owned Federal Reserve System doing business as (dba) the sardonically named Cede Inc. — become the tacitly ceded property of Cede Inc., with the people thereby rendered mere “beneficiaries” rather than owners, of their own investments;

2.05 That thereafter the people can be denied access to the dividends of these institutional investments at any time by the Federal Reserve corporation and those who secretly control this privately owned alien entity;

Who Really Owns Your Money: The Depository Trust Clearing Corporation

http://www.dtcc.com

http://yourmortgageoryourlife.wordpress.com/2008/09/30/who-really-owns-your-money-part-one-the-depository-trust-clearing-corporation/

Here Is Where Some of the Washington State Corporate Government’s Institutional Investments of the People’s Money Actually Went After It Was Stolen by the Federal Reserve Through the DTCC:

Final Federal Reserve Audit Results Posted on September 4, 2012:

$16 Trillion Stolen from the American People to Enrich the International Banking Cartel

ittp://www.pakalertpress.com/first-audit-results-in-the-federal-reserves-nealy-100-year-history-were-posted-today-they-are-startaling

Exhaustive Study Finds Globalists Hiding $32 Trillion in Secret Off-Shore Bank Accounts

http://www.democracynow.org/2012/7/31/exhaustive_study_finds_global_elite_hiding

2.06 That the above-cited Washington State corporate government officials and their predecessors in office, as well as the mainstream/alleged alternative media corporations operating in this state have repeatedly failed to enact/accurately report historically proven remedies to the state budget deficit — such as proportionate corporate taxation, state investment in small business, physical/technical infrastructure and a public state bank, while utilizing prudent trusts and investment instruments — although being fully and repeatedly informed of the benefits of these remedies;

2.07 That all of the above constitutes deliberate denial of remedy and complicity in criminal conspiracy.

3. Ongoing Systemic Constitutional Fraud Against the People of Washington State Tantamount to Treason

3.01 That the abovecited Washington State corporate government officials and their predecessors in office, as well as the mainstream/alleged alternative media corporations operating in Washington State have failed both to reveal and remediate the fact that the present Washington State Constitution of 1889 — latest amended by state investments-related Issue 4215 in 2006 — is fraudulent, automatically rendering invalid all legislation and executive orders enacted by officers of the current spurious state government corporation, specifically those dealing with its governmental financial system;

3.02 That the original state constitution enacted via due process by the people of Washington State in 1878 is indeed the actual Washington State Constitution, but was treasonously confiscated and held hostage by the banking cartel-controlled United States Corporation of the District of Columbia (DC) through the calculated failure of the US Congress to act upon it for eleven years until it was quietly replaced by the one of 1889 that had been drafted and enacted by spurious means;

3.03 That this banking cartel-controlled federal corporation had quietly been put in place during the upheaval of the cartel-engineered American Civil War/Reconstruction Period, during which the common-law US Constitution and Bill of Rights was stealthily replaced by unconstitutional statutory/commercial law and executive orders under the rubric of President Abraham Lincoln’s declaration of martial law at the beginning of the American Civil War in 1861 that has continued unrescinded to this day;

3.04 That the Washington DC-based United States Corporation then proceeded by various methods to subvert sovereign US states into becoming corporate subsidiaries of the federal US corporation;

3.05 That one of the methods used was for the de facto board of directors of the federal United States Corporation, the US Congress, to refuse to ratify any lawfully enacted state constitution under the ruse of political partisanship unless that new state constitution incorporated the treasonous agenda of the federal government corporation;

3.06 That such an example is the fraudulent Washington State Constitution of 1889, which diverged from the original of 1878, insofar as it omitted any acknowledgement of sovereign state citizenship and of alloidial personal property rights that the banking cartel-controlled US Corporation ultimately intends to eliminate in America and throughout the world;

3.07 That this has resulted in American government at all levels — including that of Washington State — being since the Civil War the public enabler/enforcer of the subversive, sinister agenda of the international banking cartel and those who secretly control it, to the extreme detriment of the people of this state and of this nation;

3.08 That concerning all of the abovecited treason and its potential remedies, the abovecited Washington State corporate government officials and the mainstream/alleged alternative media corporations operating in Washington State have failed in their duty to even minimally inform the public.

The Fraudulent Washington State Constitution and Its Relationship to the International Banking Cartel’s Clandestine Control of the US Government Since At Least 1861

Articles on the History of the Fraudulent Washington State Constitution

http://proliberty.com/observer/20001102.html

http://freedomrequireswork.org/public_access/washington/wash_const.html

The International Banking Cartel’s Takeover of the US Government Using the Civil War

http://www.famguardian.org/Subjects/Freedom/…/Sins_022810.pdf

http://newtomorrow.us

Historic Quotations Concerning US/Global Corporate Government

http://www.theforbiddenknowledge.com/quotes/index.htm

Wherefore:

The abovecited Washington State corporate government officials and their surviving predecessors in office, as well as the top management of mainstream/alleged alternative media corporations operating in Washington State need to be summarily investigated, and then potentially arrested and prosecuted for criminal financial/constitutional fraud and treason against the people of this state;

And the people of Washington State need publicly to acknowledge and examine their own complicity in the criminal and treasonous actions/inaction of their abovecited state corporate government officials and their predecessors in office, as well as of the mainstream/alleged alternative media corporations operating in Washington State, through their own self-absorbed denial of, and disinterest in, the long-corrupted governmental and public information systems of this state and of this nation.

I hereby declare that all of the above statements are, to the best of my knowledge, true and accurate.

____________________________________ ___________________________

Rebecca Em Campbell-Plaintiff Date

Seattle, Washington State America

rebeccaphb@yahoo.com

Proofs of Filing.pdf

Posted in Global Revolution | Tagged: , , , , , , , | 5 Comments »

An Open Letter to the Presidents of All Washington State-Sponsored Universities

Posted by nowisthetimeus on February 3, 2012

An Open Letter to the Presidents of All Washington State-Sponsored Universities

Presented at a Forum on Budget Cuts in Higher Education

Town Hall SeattleFebruary 1, 2012

 

Gentlemen:

 You are here tonight to discuss among yourselves and the public draconian budget cuts both proposed and already enacted against all of the public universities in Washington State because of a supposed state budget deficit of $2.5 billion.  The fact of the matter is, the declared stated budget deficit is fraudulent, reflecting only approximately one-third of the public monies of which the Washington State government is presently in possession, consistent with current fraudulent public accounting practice in America by most government entities. www.cafrman, www.cafr1.com, www.comprehensiveannualfinancialreport.com

 As reflected in the state’s 2010 Comprehensive Annual Financial Report (CAFR) the Washington State legislature, through its financial agency the Washington State Investment Board (WSIB), is in control of at least $83 billion in corporate Wall Street investments through its pension and dedicated funds, including that for higher education.  That amount is probably exceeded by the amount recorded in the 2011 state CAFR now posted at www.sib.wa.gov  These funds are invested in the amount of at least $5 billion in the international banking cartel that has engineered the present global depression, divestment of which would not only wipe out the alleged present state deficit, but provide ample monies for higher education and the creation of a Washington public state bank. www.publicbanking.org, www.wapublicbankproject.org, www.webofdebt.org

Such a bank, like that which has existed in the State of North Dakota since 1919, would protect this state against depression and unemployment.  It would likewise invest our public monies in that which would benefit the people of this state, including investment in higher education, not benefit the international banking cartel, predatory transnational corporations and foreign entities to which, other than US government bonds, 95% of WISB investments are directed.  http://nowisthetime.us, www.sib.wa.gov

 Of concern is the fact that the WISB is now not only investing our public money in opaque, exotic derivatives and credit default options (CDOs), the most unstable types of financial instruments now extant, but is diverting our public monies to foreign investments in predatory corporations that have committed crimes against nature and humanity. http://nowisthetime.us  www.sib.wa.gov  Of concern is the fact that the Washington State legislature, while being fully apprised of the long-standing success of the Bank of North Dakota, has for the past two years failed to create the much-needed Washington state bank, claiming that this first warrants an “official study commission”, while its investment board has been investing in quasi-public banking entities overseas for years.  Of concern is the fact that the Washington State legislature is failing to tax or hold sufficiently accountable those transnational corporations in which it has significant investments.  Of further concern is the fact that the WISB was in 2006 behind Issue 4215, the unfortunately successful move to amend the Washington State constitution to allow private corporate investment of the monies from the state’s dedicated higher education fund that until then had been held safely in trust.  This constitutional amendment, significantly, was passed less than two years before the Wall Street collapse and bank bailout of 2008, resulting in the beginning of the draconian state cuts to higher education now being discussed at this forum tonight.  http://nowisthetime.us

 Therefore, the most immediate remedy to these cuts to state higher education, both instituted and proposed, would be to divest the state pension and dedicated higher education funds of stock in the corrupt international banking cartel and predatory transnational corporations, to be used to eliminate the supposed state deficit, create a Washington state bank to invest the money of the people in the people of this state rather than everywhere else in the world, and provide immediate ample funding for higher education in the State of Washington, further augmented by proportionate taxing of all Washington State-based transnational and national corporations, including those in which the state government is invested.

 

Urgently,

An Advocate of the People

rebeccaphb@yahoo.com

Posted in Economic, Essays, Political | Tagged: , , , , , | Leave a Comment »

Analysis: Washington State Investment Board Comprehensive Annual Financial Report(CAFR) 2010

Posted by nowisthetimeus on February 3, 2012

Analysis:

Washington State Investment Board

Comprehensive Annual Financial Report(CAFR) 2010

Investments in Commercial Banking Cartel

$5.1 billion

Investments in Foreign Quasi-Public Banking Institutions/Foreign Governments

$530.1 million

(This includes $177.5 million in much-reviled World Bank)

Investments in Predatory Transnational Corporations Other Than

Commercial Banks

$91.1 million

Investments in State-Based Public Corporations

Paying Virtually No State Income Taxes

$62, 5 million

(Boeing/Microsoft/Cosco)

Amount of State Taxes Major State-Based Corporations Would Pay If Paying Their Fair Share

$15 Billion

(This would wipe out the present alleged state deficit

six times over.)

Investments in Bank of America,

Washington State’s Financial Manager

$34.9/Nearly $35 Million

(BOA also receives millions for state government banking service fees)

Estimated Percentage of WIB Investments in Foreign Entities

Other Than US Government Bonds

95%

Posted in Economic | Tagged: , , , , , | Leave a Comment »

Washington State Investment Board has some $177.5 million invested in the World Bank

Posted by nowisthetimeus on January 27, 2012

Governments at all levels in most nations – like many criminal enterprises – keep two sets of books.

Uncovering the CAFR Scam:

CAFR: Comprehensive Annual Financial Reports

– the actual amount of monies taken in by the government through taxation, withholding  and other payment methods.

Activists — particularly those who were involved in or closely followed the 1999 WTO Battle in Seattle — would be gratified to know that the Washington State Investment Board also has some $177.5 million* invested in the World Bank, the financial arm of the World Trade Organization (WTO) that the activists in Seattle so powerfully protested, apparently to no avail in regard to the Washington State government.

The Washington State Investment Board (WSIB) is the agency responsible for investing all of the pension/dedicated funds controlled by the Washington State government, specifically the legislature.  It openly defines and conducts itself like a private corporation, not a public agency.

More details:

*Figures based on the 2010 CAFR

Posted in Economic, Global Revolution, Legal Actions | Tagged: , , , , , , | Leave a Comment »

Oregon Financial Truth Activist Confronts Official About State CAFR Scam

Posted by nowisthetimeus on November 18, 2011

Response to OR Rep Dennis Richardson’s

November 17, 2011 Newsletter
Claiming that Oregon’s Revenue Forecast Drops…Again


Whilst you, Mr. Richardson were blowing smoke up every one’s asses,
I went ahead and pulled your Comprehensive Annual Financial Report
(for the year end 2010 which should roll over into 2011)
and ironically it says you are all in the clear by almost fourteen BILLION dollars…

I would ask you to explain the discrepancy in your accounting practices, but as you should well know, “fuzzy math” and all the bs, irritates me.

http://oregon.gov/DAS/SCD/SARS/docs/2010_CAFR.pdf

FINANCIAL HIGHLIGHTS

On June 30, 2010, the assets of the State exceeded its liabilities by $13.6 billion (net assets). Of this amount, $2.1 billion were classified as unrestricted net assets, while $1.8 billion were restricted for specific uses.

The State’s total net assets decreased by $482.5 million compared to the prior year. The net assets for governmental activities decreased by 2.4 percent of total governmental net assets, while the net assets for business-type activities decreased by 6 percent of total business-type net assets.

As of June 30, 2010, the State’s governmental funds reported combined ending fund balances of $4.5 billion. Of this amount, approximately 32.4 percent was reserved for nonspendable items, such as inventories and permanent fund principal, or for specific purposes, such as debt service. The remainder was classified as unreserved, undesignated fund balance and was available for spending, subject to statutory, constitutional, regulatory, or contractual spending constraints.

At fiscal year end, unreserved, undesignated fund balance for the General Fund was negative $542.7 million.

Outstanding debt (bonds and certificates of participation) increased by $610.3 million during fiscal year 2010. In March 2010, the State issued $544.7 million of Build America Bonds to finance projects under the Oregon Transportation Investment Act program. The bonds will be repaid with highway user taxes. The State also issued certificates of participation in the amount of $213.8 million to fund the Oregon State Hospital replacement project.

Posted in Economic, Global Revolution, Legal Actions, Uncategorized | Tagged: , , , , | Leave a Comment »

Seattle council asks city to look at its investments

Posted by nowisthetimeus on November 16, 2011

The Seattle City Council on Monday unanimously adopted a resolution in support of Occupy Seattle that calls on the city to examine its banking and investment practices, home-foreclosure patterns and the financing of local elections.

By Lynn Thompson

Seattle Times staff reporter

The Seattle City Council on Monday unanimously adopted a resolution in support of Occupy Seattle that calls on the city to examine its banking and investment practices, home-foreclosure patterns and the financing of local elections.

The resolution was a grab bag of proposals meant to provide a local response to the concentration of wealth and abuses in the financial sector that the Occupy Wall Street protest and its regional offspring have called attention to in encampments and rallies around the country this fall.

“Working together, we can fix our broken economy and fix our broken social contract,” said Councilmember Nick Licata, who sponsored the legislation. He said that, at the very least, the city can make sure public funds are reinvested in the community.

Other cities, including Los Angeles, San Francisco and Buffalo, have passed resolutions in support of the Occupy protests.

The Seattle resolution did not call for a city income tax, as an earlier draft had proposed, but did call on the state Legislature to work toward a more equitable tax structure and to fully fund public education as a way to continue to provide economic opportunity. It also called on Congress to support job creation by investing in the country’s infrastructure, tightening banking regulations and allowing the Bush tax cuts to expire.

It’s not clear how much practical effect the resolution will have. The city’s finance director said very little of the city’s money is in commercial banks. The city does do business with Wells Fargo, but the bank is essentially a pass-through as the city moves money into long-term assets or pays bills, said Glen Lee, finance director.

The city does give tax breaks to a range of businesses, from church-sponsored day-care centers and nonprofit adult family homes to banks with international facilities that pay about one-third less than other businesses, Lee said.

“I look forward to examining these issues with the council,” he said.

About 60 people from the Occupy Seattle protests attended the City Council hearing and gave a standing ovation to Licata when he spoke in favor of the resolution. The protesters spoke of their personal experience, from financial hardship and homelessness to unemployment and heavy student loans.

One likened the nation’s current economic outlook to joining a game of Monopoly that’s already in progress.

“All the properties are already owned and wherever you land, you’re screwed,” said Michael Dare, who organizes the Occupy encampment at City Hall Plaza.

The council resolution, which was joined by Mayor Mike McGinn, also reflected some of the ongoing tension within the city as officials try to honor the rights of protesters to speak out and peacefully assemble as well as the work of the Seattle Police Department, which must protect public safety.

The resolution notes both the First Amendment right of activists and “the important responsibility” of the police to protect those rights “while, at the same time, appropriately enforcing City laws and regulations.”

Lynn Thompson: 206-464-8305 or lthompson@seattletimes.com. On Twitter @lthompsontimes.

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Case Study of the CAFR Scam: The Washington State Investment Board

Posted by nowisthetimeus on November 10, 2011

The Washington State Investment Board (WSIB) is the agency responsible for investing all of the pension/dedicated funds controlled by the Washington State government, specifically the legislature.  It openly defines and conducts itself like a private corporation, not a public agency.

This body was behind Issue 4215, the successful if disingenuous 2006 initiative to amend the state constitution to allow state monies in dedicated funds supplied by corporate natural resource extraction to be invested in corporate Wall Street investments, instead of being held in trust for higher education.  Eighteen months later, the bottom fell out on Wall Street, devastating these funds while triggering increasingly draconian budget cuts and unaffordable tuition at state/community academic institutions.

Summary Analysis: Washington state investment board comprehensive annual financial report  (CAFR) – 2010

The WSIB meeting minutes reflect what parties it turns to for counsel during this time of global financial crisis:  the main persons listed as present, other than its staff and board of directors, are representatives of the major commercial investment firms of the international banking cartel, such as Goldman Sachs, State Street Global Advisors and Fidelity Mutual Asset Management.  Others, such as regular citizens in attendance, are evidently not important enough to be listed in the minutes, just referred to in the aggregate as listed in the permanent agency record that can be obtained by FOIA request.

One distinguished personage recently present at a WSIB meeting was Madeleine Albright, former US Secretary of State, World Trade Organization (WTO) enabler and war criminal, who unrepentently authorized the international quarantine that killed a half million children in Iraq during the 1990s, the policy of US passivity during the Rwandan genocides and genocidal NATO military action in the Balkans in which the US government was a participant.  She was invited to advise the WSIB staff and board concerning profitable foreign corporations, evidently from her vast experience in serving them.

Not one representative of alternative economic thought, such as Steven Zarlenga, Ellen Brown, Catherine Austin Fitts, Richard C. Cook, or Thomas Greco has ever been invited to their meetings, not even State Rep. Bob Hasegawa, the principal proponent for a public state bank, such as has successfully operated in North Dakota for over ninety years.  In fact, the WSIB may be one of the quiet movers in a campaign to oust Hasegawa from the legislature by eliminating his present constituency via redistricting, as has been done against US Representatives Dennis Kucinich and Cynthia McKinney, who has also taken principled stands against the bank-based international crime syndicate that now controls most of the governments of the world, including that of Washington State.

The WSIB has over $5 billion dollars invested in the international banking cartel, with $34.9 billion dollars invested in the Bank of America, which also manages the state monies, further making hundreds of billions of dollars in service and consulting fees.

The WSIB and Bank of America are, unsurprisingly, two of the chief opponents of the efforts to create a Washington state bank, that, like the Bank of North Dakota for nearly a century, could wipe out state deficts and radically raise employment by substantially raising investment in local economies .   For the past two years of severe depression in this state, they have even helped to defeat an effort to create a legislative study commission for a state bank, maintaining that a state bank would violate the Washington State constitution.

The obvious answer to this would be an effort once more to change the state constitution:  if the WSIB can help initiate a state constitutional amendment to destroy the finances of Washington State through corporate Wall Steet investments of dedicated funds belonging to the people, the people of Washington State can help initiate a state constitutional amendment for a public state bank that could ensure that the monies of the sovereign people of this state would be invested in the sovereign people of this state, not in the bank-based international corporate crime syndicate that presently controls their surrogate state government .

Despite the grand pronouncements of the Washington State government about its efforts to protect human rights and the environment, the Washington State Investment Board has over $745 billion dollars invested in transnational corporations infamous for violating human rights and devastating the environment of our planet.

For example, the present governor of Washington State, Christine Gregoire, made her national reputation as the former state attorney general who spearheaded the successful multistate mega-lawsuit against the tobacco industry, extracting billions of dollars that could be used by state governments for benevolent purposes.  Evidently, one of these benevolent purposes is to invest $_____ million dollars in the tobacco industry that the present governor once prosecuted.

Activists — particularly those who were involved in or closely followed the 1999 WTO Battle in Seattle — would be gratified to know that the Washington State Investment Board also has some $177.5 million invested in the World Bank, the financial arm of the World Trade Organization (WTO) that the activists in Seattle so powerfully protested, apparently to no avail in regard to the Washington State government.

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Bringing Criminal and Civil Charges Against Public Officials

Posted by nowisthetimeus on November 10, 2011

The CAFR Scam constitutes deliberate denial of remedy, showing a pattern of criminal intent.

If, therefore, these governments ignore the presence of these hidden funds and persist in enacting genocidal budget cuts to basic human services without applying viable available remedies, they are violating national and international laws.

In Washington State, for instance, if the 2011 Special Session of the State Legislature goes through with the proposed cuts in human services for the People of Washington State, we will bring civil and criminal charges against the Governor, her Budget Director, the State Treasurer, and the Staff and Board Members of the Washington State Investment Board.

The violations prosecuted will be under the following:

  • US Constitution and Bill of Rights,
  • the Universal Declaration of Human Rights and
  • the US Racketeering Influenced Corrupt Organizations Act (RICO),

Officials of other states will be subject to prosecution by the people under these acts, as well as under other various legislation within every other nation’s body of laws.

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We, the people, must demand functional reforms

Posted by nowisthetimeus on November 10, 2011

These bank cartel-controlled governments have consistently refused to enact other now well-known viable options to this cruelly corrupt global financial system known as the CAFR Scam.

Immediately Viable Economic Reforms:

  1. Repeal the stealth amendments that allow corporate investments.
  2. Moving our public monies from their largely foreign corporate investment funds back into the public budget during times of severe financial duress such as this one
  3. Proportionate taxation of transnational corporations within state jurisdiction
  4. the creation of public state banks to invest in local economies and the people of that state who provided the initial funds through taxation and other revenue.

Bringing Criminal and Civil Charges Against Public Officials

Posted in Economic, Global Revolution, Legal Actions, Political | Tagged: , , | 4 Comments »

Where is this hidden money invested?

Posted by nowisthetimeus on November 10, 2011

Rather than being invested in the resident people whose money provides the basis of these investments, most government investments hidden in the CAFR are made in foreign entities such as:

Foreign governments

The Washington State Investment Board has holding in:

  • The Governments of New South Wales, Queensland, British Columbia, New Brunswick, Onterio
  • The National Governments of Canada, Columbia, Indonesia, Korea, Poland, Quatar, Brazil

Quasi Public Banks / International Agencies (similar to State Banks formed in other nations)

The Washington State Investment Board has holding in:

  • National Development Bank of Brazil
  • Import/Export Bank of Korea
  • Asian Development Bank
  • European Investment Bank
  • InterAmerican Development Bank
  • The World Bank

Predator Corporations

The Washington State Investment Board has holding in:

  • Coca Cola
  • Transocean
  • Dow Chemical
  • Massey Energy
  • Monsanto
  • Occidental
  • BP
  • Nestle
  • Royal Dutch Shell
  • Total
  • Lockheed Martin
  • Raytheon
  • Microsoft
  • Boeing

WA State Based Public Corporations that pay virtually no tax

  • Microsoft
  • Boeing
  • Costco

Many of these government investments are in toxic investment instruments such as derivatives and collateralized debt options (CDOs) set on unstable “trading platforms” that are set to collapse in the near future.  These toxic investment instruments are based on the purchase of packaged debts, and constitute legalized gambling on the stock markets with billion/trillions of our money using the most irresponsible methods imaginable.

Tragedy and Hypocrisy:

Virtually none of these government investments is in the small business sector of any nation, foreign or domestic.  Instead, they are in transnational corporations, many of which have engaged in crimes against humanity and nature.

Further, many of these governments refuse to proportionately tax any of the transnational corporations located within their jurisdiction, instead calling for ever-increasing taxation to fall on individual citizens.

There are other viable options.

Posted in Economic, Global Revolution, Legal Actions, Political | Tagged: , , , , | 6 Comments »