CAFR1: Stocton California, are they broke? Not even close, quite the opposite.‏

Stockton California has been in the news lately per "filing for bankruptcy".

The spoon feeding by the media to the population is how government is in dire financial shape and teetering on collapse.

Is this dire-state true or a presented illusion for the benefit of the inside players?

CAFR1's ANSWER: Yes, dire-state for the population and presented illusion for the benefit of the inside players.

Clint Richardson the other day put together and released a "long" article covering many points per Stockton, CA and government in general.

With the facts brought forward in Clint's review of Stockton, CA is Stockton broke? 

No, not at all. In fact easily over a billion dollars of available revenue is squirreled away as shown in Stockton's CAFR (Comprehensive Annual Financial Report.

Clint's article starts off with that he took a snip from a book he is writing. Well, you will see as I did that the article in itself "is" a short book in length. The article starts off with showing point by point the promoted Gov / Media presentation of "their" selectively presented reality.  Then the article evolves into the games played and gives reference and comment point for point.

Clint's article needs to be subject grouped and indexed due to its length. If anyone would like to do that Clink has given an OK on that. Grouped; at the beginning link jump indexed; and bullet-ed his article would be much easier to read and useful for quick indexed reference. The article flows continuously and it is very long. Hard read as presented but the information presented is critical for public comprehension. Again, if someone is willing to take the time to reformat in grouped; linked indexed reference article jumps, please do so.

I note that two months ago Clint's email got hacked and he was blocked from accessing his own email (introspector48@yahoo.com). When you forgot your original security question good luck with accessing your own account on yahoo. He has set up a new email address until he figures out how to get access to his old. The new email is: temporaryinsanity4848@yahoo.com

I copied a small section from Clint's article below and have the link to the complete article there also.

In true Clint form he is very detailed, thorough, and covers each point with much reference. When you get a chance give it a read and share with others, especially those in the Stockton, CA area. Post the link on a few of those CA news sites to give those CA residents an eye opener.

If someone as I have suggested re-formats the article then Clint will update the same for easier reference and reading.

Sent FYI from,

Walter Burien - CAFR1.com
P. O. Box 2112
Saint Johns, AZ 85936

Tel. (928) 458-5854
__________________________________

From - http://realitybloger.wordpress.com/2013/04/07/the-stockton-bankruptcy-lie/   (about 80% down in the article)

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But here is the kicker…

While government has taken the proceeds of that loan and reinvested that money into another investment fund, with a guaranteed rate of return on the investment, the government is at the same time charging the payments of the interest and principle of that original bond issuance (loan) on to the taxpayers. So the taxpayers will be paying off that loan for months, years, or decades, benefiting some other government, fund, or private corporation for which that bond was issued from, while government then invests that money and earns even more interest on that loaned money! And those payments will be paying back the bond even though the bond proceeds aren’t even being used!!!

This is just one of many tricks for this legal organized criminal syndicate to suck the taxpayers dry.

Also important to note here is that since the proceeds of that bond are “restricted”, those funds cannot be used for any other purposes by law. This is why government loves to put these types of restrictions on taxpayer monies, and indeed goes out of its way to not leave any money in the unrestricted fund balances! After all, governments are only following the law… and the law that they created says that restricted funds can’t be spent on other taxpayer needs (unless they want them to), and instead should or must be invested! What a brilliant scheme indeed.

And thus, the “golden rule” is very true… He who holds the gold makes the rules … except in America, where government makes its own rules to govern itself, in order to hold onto the peoples wealth and property and turn it into gold at the peoples expense.

Think about it this way, folks: If you had the chance to borrow $1 million dollars at 2% interest for 30 years, and at the same time had the chance to invest that same $1 million dollars and receive a guaranteed investment contract with a return on that $1 million dollar investment of 5%, while being able to withdraw that money at no charge to make payments on your original loan while keeping the extra interest as a profit, would you do it? That is, if you had no ethics, standards, morals, or values?

Well, this scheme is only possible because government passed a law that said it was legal! That interest or capital gain does not by law have to be used for the purposes of the restricted funds of that original bond. Think about what is possible with this kind of unlimited power of law and money creation and tax money exaction and extortion through bond creation, with no punishments and no worries that the people might actually stand up and fight back or say no… let alone have a clue as to what is actually happening behind their backs in the first place!

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