Comprehensive Annual Financial Reports

Discussion in 'Politics' started by poncho, Dec 9, 2012.

  1. poncho

    poncho
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    Government's Best Kept Financial Secret

    Dear friends,

    The Comprehensive Annual Financial Report (CAFR) is a very little known, yet detailed presentation of a US governmental entity's financial condition. The CAFR is also one of government's best kept financial secrets, as these reports show that almost all governments have far more money than people would ever suspect. Literally hundreds of billions of dollars are available to governments in investment accounts that are never mentioned to the public, as verified in these publicly available government reports. Read the powerful essay below to find out how we may be in much less fiscal difficulty than you ever imagined.

    With best wishes,

    Fred Burks for PEERS and the WantToKnow.info Team
    Former language interpreter for Presidents Bush and Clinton


    P.S. The article's author, Harvard-trained Carl Herman, is a personal friend and educator whose work I admire.

    CONTINUE . . .
     
    #1 poncho, Dec 9, 2012
    Last edited by a moderator: Dec 9, 2012
  2. saturneptune

    saturneptune
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    Thanks for posting. I had never heard of this before, and the article was very eye opening. It would even be worse with the federal government, because even if they did not have the investment accounts, they could just print more money.

    It is not the money that bothers me so much, it is the fact that full disclosure is not made to the taxpayer, the source of the money. Who do these people think they are?
     

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