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The Trade Deficit - Money and Control

Discussion in '2006 Archive' started by poncho, Apr 19, 2006.

  1. poncho

    poncho Well-Known Member

    Mar 30, 2004
    Likes Received:
    The Trade Deficit - Money and Control

    by Walter Burien


    The motive! Money, Money, Money, Control, Control, Control....

    People seem to believe by the Media spin presented that the US Government is allowing the trade deficit to enlarge out of ignorance or ineptness. Wrong!

    They believe the massive purchases of goods from China are just happening based on that 5c per hour wage in China. Wrong!

    Well, here is your WAKE-UP CALL to know the REALITY!

    First and foremost, the largest group of investment capital of this world is owned and controlled by US local and Federal government.

    Now these investment funds, in their composite from the tens of thousands of "individual" government entities total no less than a conservative sixty (60) trillion dollars.

    From the 1930s to about 1965 most of these government investment funds were restricted from investment in "Foreign" investments. Most had a limit cap of 5% or 10% that could be invested outside of the US.

    But then, let us backdate to 1946 and the implementation of the plan to change government from a pay-as-you-go structure into an administrative "Corporate" structure for revenue collection and profit;

    In 1946 an elite private group, with enormous power backing called Government Financial Officers Association (GFOA) introduced the new government "corporate" accounting standard of the CAFR (Comprehensive Annual Financial Report). The CAFR was structured as the typical private sector's Annual Financial Report and was designed to begin separating government's pay-as-you-go Budget from the investments of government and venture projects, projects that could become very profitable such as toll ways, ports, state universities, and even, as things developed, government owned golf courses and sports authorities with these government "Enterprise" authorities from across the land having a worth in the hundreds of billions of dollars, if not in the "T" figure.

    With that being said and disclosed, let us return to the 1970s. The CAFR structure was now the fundamental basis for all local governments now mandated by federal law at the request of GFOA in 1978.

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    Walter Burien - Welcomes You to CAFR1.com