Budget 'disasters' await ten US states

[joeblow]

Budget 'disasters' await ten US states

http://www.presstv.com/detail.aspx?id=1 ... id=3510203



Financial woes continue to defy the US exit from recession.

Nine US states have joined California in the club of the worst financially-hit states which face a fiscal 'disaster' over America's reeling economy, a report says.

A new report published by the Washington-based research center on national advances in various fields, Pew Center, has portrayed a bleak outlook for the state of economy in the US and listed ten large states to be in 'grave' need of financial plan adjustments in order to escape insolvency.

Pew's Wednesday analysis has raised the alarm for California, Rhode Island, New Jersey, Arizona, Florida, Illinois, Michigan, Nevada, Oregon and Wisconsin, urging local legislatures and administrations to take strong action in an effort to prevent a 'looming' economic catastrophe.

The widening double-figure budget gaps, increasing job losses and high property foreclosures have amounted to the states' teetering economies that constitute one third of US financial power.

The study, named 'Beyond California: States in Fiscal Peril', also counts single industry economy, history of budget deficits and legal obstacles in the way of tax increases as other contributors to the ongoing financial woes that have hit America in the aftermath of the 2007 economic recession.

US economy has had its worst nightmare since 1930's Great Depression, with some states considering mortgaging Capitol buildings or cutting public expenditures such as public schools and healthcare costs in order to help ease the economic havoc.

The need for cash in the frozen credit market forced the California government to print IOUs, or payable notes, earlier in 2009 to help pay out bills.

A number of other states, however, came up with local money in a bid to inject capital into their cash-strapped economies.

Despite a 0.9 percent gain in economic transactions during the third quarter of the 2009 fiscal year, financial woes in the world's largest free market system continue to defy the US exit from recession due to the hundreds of billions lost in the latest economic downturn.

GHN/AKM

[abduLMaria]

yet the stock market continues to rise.

at this point, the stock market reminds me of a meth-addled tweaker, skipping along with a  scary, tooth-deprived smile, oblivious to the realities of their impending collision with reality.

[§N9sh2bj]

What about the 90 trillion in CAFR funds?

Why is it the people on this board keep missing the boat?

They are reporting the budgetary basis, not the total income!

It's like this, the *public* budgetary basis is 20,000 a year, and the total income is 100,000. So when this hypothetical budget runs over by 1,000 for the corporation, the agents of the corporation STATE OF (WHATEVER) goes to you and says 'We are 1,000 short this year.'

Their statement is a colourable one, the color of bullshit

[LordLindsey]

With all due respect, if this were COMPLETELY TRUE, why is it that California is *CURRENTLY* issuing IOU's to its state workers that are not even redeemable for the full amount, if it is to be paid in-full to the holder immediately?  I used to believe that CAFR stuff completely before all of this shit happened, but if it was COMPLETELY TRUE, then would all of you not think that they would use that money now more than ever?  Think about it...according to the CAFR there is no money shortage for the governments across the nation, yet all across America they are all going bankrupt; this just doesn't add-up.

LINDSEY

[§N9sh2bj]

The CAFR stuff is well-researched, and there has not been any significant evidence to the contrary. Have a look at http://www.cafr1.com

Believe! It's not b.s., it's real. They have been stealing the wealth of the american people for decades now. If you had *any* idea, you would know a tremendous amount of the wealth has been stolen every day, day in, day out, for those decades. It has to be going somewhere, and the CAFR is the evidence which fits, and there are hard, paper reports issued by the various agents for the STATE OF and COUNTY OF and CITY OF.

These funds are private, and not on-book budgetary basis accounting. The whole scam is to rip off the people of all their wealth until their is nothing left.

I believe William is a good researcher, I have heard directly from other people who are actively involved and have their own have solid research; they have dealt directly with him. His info is spot-on.

Admiralty, which is how the STATE etc corporations operate, is an *adversarial* environment. They are not required to divulge this and other information under those rules: it's simple -

The agents for corporations (dead things) vs. living people (living things).

The remedy is there. I have more information now on the remedy then I have on the problem, which is why I don't spend a whole lot of time with this TiU board in the last nine months posting numerous articles or replies and saying 'It's the jews, it's the jews.' No duh, it's the jews. So, that's the problem - what is the solution?. When you study more, you find the whole world is run on contract. The one ring being thrown into the volcano in the 'Lord of the Rings' movie, signifies recision of the contract. Full disclosure was not given, so it was void, *when* the people made notice to that effect.

Here's something useful for those who are drowning presently:
For instance: Same reason mortgages are not valid. The Bank agents just provide an elaborate notary service. The promissory note is a commercial, financial document given value when 'charged' with your signature. It could have just been notarized by the guy who sits in the Office of Bank President, and presented to the Treasury window, which would have at least gotten the 'Bank' agents their credit. However, it is sold again and again. Photocopies were made many times and sold to overseas investors. In any case, your account was not credited with any of these proceeds.

Another way to go about it is, all land on the various counties was granted in perpetuity to the people and their descendants; tax-free, mortgage free. When in possession of the property, get the original land grant from the BLM, and attach it to all the deed records in the offices of the COUNTY OF... This remains a de jure capacity of the corporation, as it would have taken on the assets and *liabilities* of the pre-existent county- including the keeping of records. Then file a new record to show your property is now 'on' the county, which is the correct way to word it, instead of 'in' the COUNTY (in the jurisdiction of..). No more property taxes. No more police OFFICER services either, although the de jure responsibility of the police man (officer of the peace) continues to exist, so they are required to come out if there is some suspected harm going on to you or your property. You may have to contact your local sheriff/etc; it depends on who you got. Check out Oath Keepers.

In nature, whenever there is a problem (a poison), there is a remedy (antidote). It's natural law and the bankers can't get away from it any more than we can.


Forgive me for not putting in a separate thread; I don't really have the time right now.

[LordLindsey]

Here's my point:  Things are completely out-of-control now, whether people "KNOW" it or not, and if the truth was as simple as you put it, then why isn't this being discussed everywhere in the patriot community?  I really want to know more, so please post where we here at TIU can find out as much as possible about the home, property, and CAFR issues.  Again, I am not saying that the CAFR issue is not real, but what I AM saying is that at this point-in-time people who have intimate knowledge of these issues need to be going on every radio show that they possibly can and post as many articles as they possibly can because those people in California receiving IOU's instead of "real" money certainly would love to know more about those TRILLIONS OF DOLLARS that Caifornia keeps in its second set of books.

LINDSEY

[scorpio]

Here's my point:  Things are completely out-of-control now, whether people "KNOW" it or not, and if the truth was as simple as you put it, then why isn't this being discussed everywhere in the patriot community?

Yes, I too would like to see more info posted about the CAFR.
I went and looked at the CAFR books in my county.
Most of the things I saw were hard assets - real estate, ect. that are owned by the county.
They would have to be liquidated and sold off to private individuals to access the the money.

As a (soon to be former) resident of California, I can tell you without a doubt that the massive influx of illegal immigration plays a large part behind the states going broke. No, I am not blaming it all on illegal aliens, but they are a HUGE part of the problem. They take jobs AND utilize all of the freebies they can get their hands on: Welfare, food stamps, WIC, free medical care via the emergency room.(and then not pay the bill, of course)
Here in California illegal aliens can get $600 per month PER CHILD. Most mexicans have AT LEAST 5 kids.
$600x5=$3000 per month TAX FREE for 18 years....not bad. I see illegal aliens working as maids in every hotel in california - and they don't speak a word of English. I see many of them driving brand new SUV's. The numbers don't add up on that one.
The zios are behind our insane immigration laws, and lack of enforcement of the laws we do have. Just a cursory amount of research will prove that.

Another reason for the states going broke are the massive number of state employees. I see them all the time driving around in their state owned cars, with gas paid for by the state. They all get paid very well and have up to 6 weeks off per year, if you add up vacation time, sick days, and state recognized holidays. I see these people all the time (during working hours) running errends, shopping and just relaxing.
They have a guaranteed job for life unless they kill someone or burn down the building they work in.
Don't forget the benefits they have as well - pensions, medical care, dental care, ect,ect.

These are my own observations from life - not something I googled.

[§N9sh2bj]

Yes, I too would like to see more info posted about the CAFR.
I went and looked at the CAFR books in my county.
Most of the things I saw were hard assets - real estate, ect. that are owned by the county.
They would have to be liquidated and sold off to private individuals to access the the money.

Was that the comprehensive annual financial report? With *all* the investments? The overseas bank accounts, offshore funds, are not likely to make it into the public records. CAFR funds are off-book balance sheet records, not available to 'joe blow' walking into the COUNTY OF.. offices.

---

Some good points about the STATE OF CALIFORNIA corporation.

[scorpio]

Was that the comprehensive annual financial report? With *all* the investments? The overseas bank accounts, offshore funds, are not likely to make it into the public records. CAFR funds are off-book balance sheet records, not available to 'joe blow' walking into the COUNTY OF.. offices.

Yes, that was the CAFR.
It took some time to find it.
Nobody at the county seemed to know what it was, or where it was, for that matter.
I finally spoke to the right person (county treasurer) and was allowed to come in and see it.
I had to sign in and provide ID.
I was not able to read the whole thing because it was over 400 pages.
I could have gotten a copy, but they wanted to charge me 10 cents a page....I didn't want to pay the $40.
The treasurer was VERY curious as to why I wanted to see it. I told him I was an 'independent journalist'  

Please don't tell me they have a super-secret CAFR, because then we will be getting into AJ fantasy land.
Have you gone to your county and read the CAFR? If so, please tell us about it.
Please do so before we enter enter into conspiracy theory nonsense that has no way of being documented.

Also, please do not take my comments as disrespectful in any way. I am only giving my experiences
I do not like nebulous conspiracy theories.

[CrackSmokeRepublican]

The US will probably breakup up in the near future (within 5 years)... the solvent sections will form sections of  a "New America" while the bankrupt diversified sections will form something else.   Diversity breeds bankrutpcy and decay -- that's why the Jews like Freud loved the Austro-Hungarian Empire.

[§N9sh2bj]

I do not like nebulous conspiracy theories.

Well good then. Quit being a tight-wad cheapskate and give them the 40 bucks already!  :lol:

Many of us, including me, have handed over *much more* for corporation reports for the likes of COUNTY OF... and CITY OF.. and so-on. Look at the list of reports at tpuc.org: the people behind the site, by providence were contacted by an anonymous benefactor who had a corporate account with Dunn and Bradstreet's, to run as many reports as they liked. It costs many thousands of Pounds per year for that account! Those are not going to show you the CAFR funds details or summary, however, to prove a point, they do cost a bundle - a lot more than forty USD! That CAFR report is a steal at forty bucks. If you only knew...

[scorpio]

You seem to have the misguided notion that the system can be saved or 'worked'  :lol:
Good luck to ya.
Let's just agree to disagree on this one.
Time will tell - we must all make our own decisions and judgements in life.