California: Billions in forgotten funds keep popping up

“For five weeks I journalistically hammered that California’s Comprehensive Annual Financial Report (CAFR) reveals $600 billion in surplus taxpayer assets, and the various local government agencies’ CAFRs are data-sampled to total $8 trillion in surplus assets.

“Last week, the California Parks and Recreation Department was found to be hiding $54 million in assets; more than twice their claimed $22 million budget deficit. This disclosure of fiduciary malfeasance led to the department director’s resignation, and the firing of the second-in-command.

“Today, the San Jose Mercury News reports a total of $2.3 billion more was “found” in 500 accounts.

Feel free to share the following:

“Let’s summarize what we’ve documented so far about the data of California’s 2011 Comprehensive Annual Financial Report (CAFR) and what it means for the state’s 12 million households (22-minute television interview of my explanation here):

“So the natural question is if the state’s withholding of $600 billion in our cash and investments does not fund pensions, address a budget deficit, or prevent devastation to infrastructure, how can we best restructure the purpose and use of OUR MONEY for optimal public benefits?

“I see three obvious solutions in monetary reform, public credit/banking, and this reform of CAFR-disclosed trillions in surplus taxpayer accounts.”

Disgraced Former Penn State University President Now Working for U.S. Government

“Spanier was faulted in an internal Penn State report after the conviction on child-molestation charges of former assistant football coach Jerry Sandusky. The report said he, head coach Joe Paterno and others helped cover up Sandusky’s abuse.

“His lawyer confirms to the Loop that Spanier is working on a part-time consulting basis for a “top-secret” agency on national security issues.But the gig is so hush-hush, he couldn’t even tell his attorneys the name of the agency. In April — months after his ouster as president but before the release of the internal report — he told the Patriot-News of central Pennsylvania that he was working on a “special project for the U.S. government relating [to] national security. …”

He was already working in national security when he was covering for Sandusky.  Kidnapping, torturing, brainwashing and sexually exploiting children has become a cornerstone of US national security.   Gotta keep those blackmailed politicians under control.  (google “franklin coverup” and also look at the reference section here starting at “conspiracy of silence”)  This is war by subversion, and it ain’t coming from “al qaeda”.   The robber barons of old are making their big move.

Franklin Coverup: The White House Call Boy Ring

Shock Doctrine Preparations: US Army, DHS Purchasing Riot Gear

“It’s not just the Department of Homeland Security that is gearing up for the prospect of civil unrest in America. The U.S. Army also recently purchased a stock of riot gear including batons, face masks and body shields.

“As we reported last week, the DHS has put out an urgent solicitation for hundreds of items of “riot gear,” in preparation for expected unrest at the upcoming Republican National Convention, Democratic National Convention and next year’s presidential inauguration.” …

This is just the latest in decades of preparations, starting long before the looming economic catastrophe was in view.  Take off you’re blinders.