From the April 2007 Idaho Observer:

Regarding CAFRs? Silence is golden

At the top of the nation builder/nation destroyer pyramid are the folks who do not participate in the political process. Since they claim ultimate title to pieces of our planet through conquest—and ownership of the resources (including people)—they do not muck around in the trenches divesting the commoners of their wealth through theft, taxation and regulation. They do, however, allow their mandarins to exploit and control the common people in this manner as an incentive to keep the masses in perpetual states of chaos through war, famine, poverty and endless class struggles. The king of these wealth redistribution/chaos perpetuation schemes was discovered in 1992 by Walter Burien. It is revealed in the second set of books every government entity and tax district must, by law, prepare and submit for publication. It is called the Comprehensive Annual Financial Report (CAFR). The data contained in CAFRs proves that the profit potential for corporate entities masquerading as governments increases based upon the volume of taxes levied, fines collected, properties stolen and the ability to pool those funds and grow them through expertly-managed modern investment strategies. Though CAFRs PROVE that over 84,000 government entities/tax districts are robbing America blind—and are, therefore, at the core of the political, social and economic woes of our nation, the silence on this issue is deafening...or golden...depending upon your perspective.

By Walter Burien

SUBMITTED TO: 10/21/06

HISTORY: It has been reported that trillions of collective dollars not shown in government budget reports are shown through government Comprehensive Annual Financial Reports (CAFRs) and they are virtually never openly discussed by the syndicated NEWS media; Democrats and Republicans have apparently agreed to not broach the CAFR subject and organized public education does not teach students about CAFRs. Under this veil of secrecy, over the last 50 years, the domestic and international investment assets of U.S. federal and local governments as a whole have taken over the stock, derivative, insurance and debt markets.

The collective private sector’s assets and investments, as of 2000, are now insignificant in comparison with what U.S. government and its subsidiary governments now own by and through investment.

Since the CAFR is "the" accounting document for every local government and with it being effectively "blacked out" for open mention over the last 60 years, this is arguably the biggest financial conspiracy that has ever taken effect in the United States.

What is a CAFR?

A CAFR is government’s complete accounting of "net worth." The CAFR was established as local governments’ complete accounting record starting in 1946 through the efforts of a private group located out of Chicago, IL, by the name of Government Financial Officers Association (GFOA) and became mandatory by federal requirement on all local governments in 1978.

What government, both political parties, organized education, and the syndicated News media have been presenting to the public over that 60 years are "budget reports."

A budget report is strictly planned expenditures for the year from a grouping of specific government service agencies. A budget may also note some statistical, statutory, and demographic data for reference. Most government budget reports show where "tax" revenue will be used.

The CAFR, on the other hand, is not a projection of one year’s expenditures from a select grouping of agencies, but a complete cumulative record of assets, investments, and gross income from all agencies and all sources being held by or benefitting the reporting government entity.

A CAFR is the "public" counterpart to the Annual Financial Report (AFR) that publicly-traded corporations are required by laws enforced by the Securities Exchange Commission (SEC) to produce each year and give to every share-holder. In many cases, a CAFR may show two to three times more income over what is shown in the corresponding budget report.

The CAFR could be considered the "Bible" of asset accounting for any local government body.

Evidence of "blackout"

So, is the CAFR being "blacked out" from mention by the syndicated news media and both the Democratic and Republican Party members, the House or the Senate and organized education?

News blackout: A Google search for CAFR produces over 1,500,000 hits while a Google "NEWS" search for CAFR, as of 10/21/06, only produces seven obscure hits of simple mention.

A corresponding "news" search in the archives of the New York Times, LA Times, Chicago Tribune, and Wall Street Journal, which go back several decades, showed in combination less than seven hits for CAFR.

Is there a blackout of the CAFR subject from the syndicated news agencies?

"Yes" is the answer.

Education blackout: Do the school districts from across the USA that teach subjects relative to government, business and accounting (and which by law must produce a CAFR each year) teach students about CAFR at any point in their education—kindergarten through graduate school? No, they have not. Does an education blackout with reference to the CAFR subject exist? "Yes" is the answer.

Political blackout: Have elected officials or candidates for public office, who talk continuously about "budgets," openly made mention of local, city, county, state or federal CAFR? Have they linked to CAFRs at their web sites, or mentioned them in the press, in their newsletters or legislative journals over the last 60 years? Does a political blackout with regard to the CAFR exist?

"Yes" is the answer.


The printing of the CAFR is a budgetary item requiring records to be kept as to where copies are sent. These records show that CAFRs have been sent to all members of the House, Senate, editors of local newspapers, news networks and educational department heads for over 50 years.

From the over 84,000 CAFR reports produced each year we can conservatively estimate that $60 trillion was held by local and federal government as of 1999. An example of the holdings shown from just one Government CAFR (NY STATE 2005 RETIREMENT FUND CAFR) shows $133 billion of investments held (including 44 million Microsoft shares) (

The motive for conspiracy to blackout the simple mention of CAFR from the public’s realm of comprehension?

ANSWER: To keep secret the substantial money and power accumulating through investing and reinvesting public funds for the benefit of those on the inside track is the most probable answer.


Submitted 10/23/06 and 02/01/07 to

Walter Burien can be reached by phone at 928-445-3532 or by writing him at

P. O. Box 2112

Saint Johns, AZ 85936

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