CAFR1: Is The CAFR Just A "Look Backward"?

On a Florida Tea Party site, a CAFR1 subscriber, Holy posted a recent CAFR1 article.
 
A comment was made by an Amanda Choate of which Holy asked me to reply to.

I Note GASB is a 100% "Private Association" created by the large government gangs in the first place to in effect bypass their own monopoly laws. They have done so by letting GASB.org call the shots in which Government internally networking together as a monopoly never openly would have been able to arrange for.

What I posted in response to Amanda's comment is as follows.
Sent FYI from,
Walter Burien - CAFR1.com

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Comment by amanda choate 1 hour ago

   

Holly, when you can explain GASB accounting in a meaningful way then I will listen to this nonsense. Budgets look forward, CAFRs look backward. They see very different accounting principles. CAFRs are created for use by bond agencies to determine risk and solvency of a entity.

http://fctpcommunity.org/profiles/blogs/government-wealth-disclosure-and-progression-over-the-years?commentId

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CAFR1 Comment in reply to amanda choate 08/04/13
(pending approval by site administrator)

Amanda:
Your comment of "looks backward" is a well enforced and promoted political buzz word expression to back people off from looking and learning. Now if you are just parroting that spoon fed soundbite not knowing any better, it is time you had a very big "Wake up call Girl".
 
Let's use Bill Gates as an example. His "looking backward" financials would be his statement of net worth. Well, Bill from the 80's has built a personal financial empire.
 
He may have started from his garage in year one but over the years and multiple ventures established, as of 2012 he built a personal fortune. His diverse portfolio of investments and holdings outside of shares owned in Microsoft may as a hypothetical example contain: Has 3.5 billion siting with Deutsche Bank, 2.8 billion with Credit Swiss Bank, stock ownership of 150 different corporations, he owns a chain of laundry stores in India, a 1400 acre horse ranch in Wyoming, etc., etc. and his international holdings as shown in his Statement of Net Worth now reflects as of 2013 a net of 65 billion dollars.
 
Well, let's say this year, 2013 the press in the News Headlines announced:  "An individual by the name of Bill Gates lost 1.5 billion dollars this year. He is frantically looking to find 1.5 billion dollars to pay back his creditors. Bankruptcy may be his only option and could be immanent at any time!"
 
Well, if no one ever followed Bill Gate's career, no mention of his "Statement of Net Worth" was made (equivalent of the CAFR for local governments)  the public could bite "hook - line- and sinker" with the first thought to go through their minds being: "Who the hell lent him 1.5 billion dollars for him to loose it in the first place?"
 
In "reality" Amanda, if he wanted too, he could pull 1.5 billion dollars from his Deutsche Bank account and still have 2 billion left over from "just there". As local governments over the last seventy-years developed into financial empires, empires greater than Midas ever dreamed about, they did so as they spoon fed the population: "Short on money, need to raise taxes", "Pensions under funded, need to raise taxes", "need to borrow money, need to raise taxes". Selectively created "Budget reports" were presented to justify "need to raise taxes.(the epitome of greed and opportunity unrestrained)
 
Well, with the "Statement of Net Worth" the CAFR within the "Silence is Golden Rule" played out, those same local governments built their empires over the decades without the public having a clue what was taking place. Thus never a peep, mention, or cognitive thought generated by the well entrenched inside players due to the "Wealth" and "Control" building over those same decades passing, or as your spoon fed parrot conditioned response noted: Oh, that is just a "look backwards".
 
The CAFR is the Holy Grail of accounting for any local government. Their "Statement of Net Worth". Due to the massive investment / true income of money building over the decades, not a peep over the decades with the full cooperation of government administrations, the Syndicated Media, both Primary political parties, controlled education, the industrial / financial cartels, etc., DUE TO THE MONEY (wealth building) INVOLVED. Those groups were sent the CAFRs each year. The one small group that was excluded due to that money involved was THE ENTIRE GENERAL POPULATION of this country. 
 
People, especially all taxpayers, should be dissecting their local government CAFRs with a fine tooth comb. So stop playing into their game of treating the population as "useful idiots" for easy exploitation and easy misdirection away from carefully examining the CAFRs.
 
I note when "responsible" people look for the first time at their local government CAFR and finally digest it, they are floored with what they see. The world of government wealth holdings is much different than the were spoon fed to believe. Then the big hit takes place. They realize they are just looking at "one" local government CAFR out of thousands and the "collective" control and ownership of it all sinks in. Can't wait for your: "Oh, my God" moment Amanda...
 
On a last Note: ** Government was NOT supposed to operate at a profit. How did they get around this restriction?

ANSWER: If for example a city had a 100-million dollar profit for the year from any of its operations, at a stroke of a pen they create or deposit into a "liability fund" and poof, there goes the profit re-designated now as a liability.
 
Walter Burien - CAFR1.com
 
PS: Per information you see on Wikipedia, what you will find is that many of their all volunteer "content edit administrators" are current or ex "international" government political shill personnel that slithered in to edit the content shown. My BIO which was up on Wikipedia for years since 2004 was deleted by a content administrator "Sandstien" who tried to be anonymous. I then pulled up an old archive of Wikipedia from before "Sandstien" deleted his profile information. He was a LT for the Swiss Army and worked for the Federal Swiss Court. It appears he got a political favor phone call from some political hack in the US to do a favor to delete and since 2009 no trace of my BIO exists on Wikipedia. Wikipedia is no longer an information source but in turn an information control medium for deletion or selective editing.