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Trillions of dollars are controlled by the politicians and the bureaucrats in little-known county, state and federal "slush" funds in every state in the union and at the federal level. However, through book-keeping gimmicks, the truth about these massive funds (which actually and rightfully belong to the taxpayers) is being kept under wraps -- with the willing cooperation of the major media in this country. Yet citizens are being soaked with continuing tax hikes to finance day-to-day state operations even while these hidden slush funds are bringing vast profits to high-level international financial power brokers that benefit from controlling this huge slush fund.
That's the astounding discovery made by veteran commodity trading advisor and analyst Walter Burien who was a guest on the June 7 broadcast of The SPOTLIGHT's weekly call-in talk forum, Radio Free America, with host Tom Valentine. An edited transcript of the interview with Burien follows. Valentine's questions are in boldface. Burien's responses are in regular text.
You've made some astounding allegations, but these allegations are based on factual information that is actually available to the public if they know where to look and how to look. And you discovered what you did discover quite by accident and it's a remarkable story. Could you give us the background on how you came across this information?
The best way to approach this is to give a chronological accounting of how I became aware of what I call "the biggest game in town" (which goes on across the country).
Let's go back to 1989. I was living in New Jersey and Gov. Jim Florio got elected on a "no new taxes" platform. Yet, as soon as he got into office, there was a $2.8 billion tax increase, the largest in the state's history. That created the proverbial "(bleep) hitting the fan" and one of the local radio stations at that time, 101.5 FM, started doing some rabble-rousing with the public for their input on government waste and misspending and griping about the taxes.
The radio show host challenged the listeners to start an organization to repeal the tax increase. Two days later 10 of us got together and I incorporated a group called "Hands Across New Jersey" and within about 14 days we had our first rally in Trenton and about 115,000 people converged on the city and just about shut the city down.
The first thing I did was check the budget report and find the total cost of all services. (This was 1989's report.) They had $11 billion on budget, $6 billion off budget, a total service budget of $17 billion. I then checked the "net, available" on the budget report. That showed a net available of $24 billion, 648 million.
Then I asked the question which is the first question that the IRS asks in an audit: "What are the gross receipts?" I started adding that up and I came up with about $44 billion. I said, "Wait. How can the state have a service budget of about $17 billion, and showing a net available of $24.6 billion, yet I was counting about $44 billion brought in for the year in cash?" I figured those reports had to be available someplace .
After the rally I said to myself that there was too much money not to be accounted for under one book. My father was personnel manager for the state treasury for about eight years and I had a pretty good knowledge of how to get around and through the different state departments.
The director of the budget, at that time, was on vacation until the following Tuesday. I found out the names of his two lowest-level assistants and I got the lowest one of them on the phone first and said, "I'm working on a report for Richard [the budget director] and I have to have it done by Tuesday I need all the figures on the autonomous agency accounts, interest accounts, investment accounts," and he says, "Oh, you want the comprehensive annual financial report." This was the first time I ever heard of that in my lifetime. I said, "Yeh, how can I get it?" He said, "Talk to Bill." who was the next assistant.
I called Bill, and said, "Hi, this is Walter Burien, I'm working on a report for Richard. I just talked to Jim and I need the comprehensive annual financial report."
I got the report that Friday. It showed liquid investment funds of $188 billion; common stock ownership of $70 billion; on loan to public and private corporations, $10 billion; and insurance company equity participation, $14 billion. This blew me away.
And this was only the state of New Jersey. I realized that day, right on the spot, what was going on. I also learned the definition of syndicated organized crime that day.
Anything that was a cost and an expense on service to the public -- the traditional side of the service budget, such as the Department of Transportation, health and welfare, etc. -- they left under the budget report and the public footed 100 percent of the bill for 100 percent of the services under the budget report. That was $17 billion.
Anything that was a profit center-generated revenue (the Port Authority for New Jersey, the New Jersey Turnpike, an investment account, etc.), or which had the potential for generating revenue was totally restricted by statute for no tie or inclusion whatsoever with the budget report. This is what was disclosed on the comprehensive annual financial report.
My question to myself, as I said, was that question that the IRS asks: What are the gross cash receipts? Here's an example of what I discovered: The 1989 figure in the comprehensive annual financial report on page 174, under the Waste Water Treatment Trust Fund, shows a total of all agency funds. On the "cash" line item they have the beginning balance and ending balance. The beginning balance was $25 billion, 899 million. Their ending balance was $6 billion, 894 million.
Here is the important part. It shows the additions and deduction, which is the amount of the total cash receipts brought in for the year from all state agencies and departments. The service budget was $17 billion.
Are you ready for how much cash they brought in for the year? It was $86,775,380,712. That was for 69 autonomous agencies, the budgetary bases, investment accounts, etc.
I immediately went down to radio station 101.5 and gave it to them. For 45 minutes they read out the bottom line figures. I suggested to the listeners this example: suppose you reported your beginning checking account balance at $5,000 at the beginning of the year and you put $40 million through your checking account and you ended your balance at $3,500. That's the game going on here.
On the comprehensive annual financial report you looked through the spread sheet on total revenues and it listed approximately $136 billion, but if you look through the notes on the report, you find another additional $60 billion. On the common stock ownership it listed $32 billion. But I saw little asterisks that referred to a note and on that note it stated that the accounting and balance was determined on purchase price, not on market value.
In other words, if they bought AT&T stock 30 years ago at $1.25 a share and it's worth $3,000 a share now, they still report it at $1.25 a share. I checked my contacts to find out the true market value and it equated to $70 billion.
And these guys raised the taxes on the people of the state of New Jersey when they could have paid them back twice the taxes and still had money left over.
If they had combined the entire operations owned by the state government as a whole, they could have dropped all taxation in the state of New Jersey and if they streamlined everything they could have had a dividend check for every person in the state.
No wonder this is dangerous talk.
I started investigating further. Everyone is familiar with the New Jersey state turnpike and the Garden State Parkway. When they wanted to build those authorities they had to put out a measure for voting upon by the public. They said that they were going to put out a $7.5 billion bond issuance and that they were going to build those authorities and that they would be toll roads until the bonds were paid off.
And until the bonds were paid off, the bondholders would be the owners of that authority. Once the bonds were paid off, the authorities would revert back into the budgetary basis as budgetary groups. They were also restricted at operating for a profit. The public said okay and they built these authorities.
Then what they did was this: say they made a $400 million profit for the year and the actual payment on the bonds was $100 million. They made the $100 million payment for the bonds and took the $300 million and put it into a bond surety escrow account for future liability payments. They wrote it off as a line-item payment and did not declare it as an asset.
In 1990 when I checked on the total bond liability for the turnpike, it was $14.5 billion. Guess how much was in the bond surety escrow accounts? Thirty-eight billion. Enough to pay the bonds off three times over.
The same game was being played with all the autonomous agencies and the bottom line is that they are dealing with hundreds of billions of dollars and the control of those billions is what's the motivating factor, not the benefit of the public. The public is kept in the dark, looking off in left field as they are doing business as usual in right field.
So this is going on in other states, too?
Well, after I found out about New Jersey, it dawned on me what the composite total for all states and the federal government if this was happening all over. I started looking and what I saw floored me.
Take the composite total of city, county, state and federal of common stock ownership. Across the country it comes out to in excess of $32 trillion. That's 53 percent of the entire open interest of all stocks issued. Take California. This state has in excess of $2.5 trillion in common stock ownership.
So we really don't have a national debt then?
They can't pay it because they (say they) are restricted by statutes.
I understand that and it's amazing.
To explain what's going on I can provide several examples. Everyone has heard of Al Capone, the Chicago gangster. He ran a lot of legitimate businesses including newspaper stands, flower shops, etc. He kept one set of books for those legitimate businesses. Let's equate those to the budget report.
For the other businesses (book-making, prostitution, drugs) he ran through those newspaper stands and flower shops, he kept a second set of books that he didn't want anyone knowing about.
On the comprehensive annual financial report (for the state of New Jersey), the vast majority of revenue groups that the government doesn't want the public digging into is on the comprehensive annual financial report. It's like when you hear about the $5 trillion national debt under the federal budget; but you don't hear about the $30-plus trillion in liquid investment funds.
Is this information generally available to the public?
If you know to ask for it. The state auditor generals or the state treasurers offices of the states put the reports out. When I saw these figures 10 years ago, I asked how the public couldn't know about this. But I found that every elected official I spoke to had never heard of the comprehensive annual financial report. The one who did know was Sen. Bill Bradley (D-N.J.).
I showed him the report at a public gathering and he said, "You've got that?" And he said, "See you later." He didn't want to get his picture taken with that report. But other politicians denied knowing about the report.
In Arizona when I got the report for that state, there was a breakfast of county supervisors and former Gov. Evan Mecham was there. I asked him whether he knew of a report that consolidates all of the financial material. He said, "No." I asked him if he had ever heard of the comprehensive annual financial report and he said, "No." Then I produced it and said, "Here it is. This is the same report you signed when you were in office. Here's your signature on the front page." And he said, "Oh I thought you were talking about another year." I said, "Uh-huh."
Do you think he knew what was in the report when he signed it or did some faceless bureaucrat give him the front page to sign and then take it away?
You'll have to give him some sodium pentathol to find that out. Here' s another example: every person should imagine himself the state government of New Jersey. Your salary is $50,000 year and your budget for operating your house is $3,500 per year. You could audit your budget 100 times over. If you spent $4,000 this year on your house and you only had $3,500 allocated, you could go to your neighbor and ask for $500. So what's happened is that structure has been created to allow the gross receipts to be totally hidden from the reality of what's reported on the budget report.
I want to congratulate The SPOTLIGHT and Radio Free America because you are the first news medium to disclose the name of the comprehensive annual financial report to the public.
There is a total news blackout on mentioning of the report. Back in New Jersey I was dealing with hundreds of reporters, but not one newspaper mentioned it. I said: "That's a lot of control." People asked me, "If it's this big, how come we don't hear about it?"
Gov. James Florio appointed 16 editors and reporters to directorships in state government. The guy they pitted against me was Harvey Fisher who was one of the Bergen Record reporters prior to the Florio campaign and he was appointed assistant treasurer of the state of New Jersey (even though he had no formal financial background whatsoever). I thought about that.
As a reporter he was making $35,000 per year. As assistant treasurer he was making $65,000 a year. I checked his expense account. He had a carte blanche expense account of $125,000 with basically discretionary funds.
Now I knew that there was a data search department in the state run for four individuals which tied all agencies and departments together. I called up the department and asked for a data search on all key-level directorships and supervisory positions for all agencies, whether they be budgetary or from the autonomous agencies, and they came up with some 3,500 names. Close to 1,800 of these people were former editors or reporters. And if you do a comparable search in other states you'll find that the more money involved you'll find a higher amount of editors and reporters. That's a phenomenal amount of control.
So the media is part of the cover-up here?
Yes, and the comprehensive annual financial reports are sent to all of the major newspapers and editors but they refuse to make one mention of it. It's a cooperative effort going on. Once you know how much money is out there and where it's coming from and where it's going, the game is over. When we went on the air on radio 101.5, a few days later they were being threatened with having their broadcasting license pulled and they almost had to shut down.
People should contact their local newspapers and make a simple mention of the comprehensive annual financial report for their states and ask the papers to show their readers the total revenue shown in that report, whether restricted by statute or the like. It would be interesting to find out how many newspapers will even make simple mention of this.
Always remember the key difference between the budgetary basis and the restricted-by-statute groups. The public has been played as a sap.
In New Jersey alone there's maybe $80 or $90 billion that's there. Somebody is handling all of that money in New Jersey and elsewhere and they can use it to make a bundle.
That's right. Here's an example: say that you're a comptroller in California and you're controlling $700 billion. Say I'm the chairman of Shearson Lehman Hutton banking group. You have $140 billion with my firm. That will generate about $10 billion a year for my firm.
You call me up and say: "My brother needs a $49 million unsecured loan in Argentina for a sugar cane development energy project," and I'd have a loosely-connected subsidiary company make the loan. Your brother defaults on the loan and walks away with $49 million and the company writes it off. The payola that takes place here is unfathomable. Any politician anywhere can be paid off anywhere around the world.
Through these investment funds, government has been taking over "private" insurance and medical firms, etc., and the public has no idea that these firms are [effectively] owned by the government. Any corporation can be targeted by these investment funds and totally taken over. Period. And they have been.
As I mentioned, 53 percent of all outstanding stocks are owned by government. The public is looking in left field and all the trillions are in right field. This structure is a virus and it has nothing to do with the interests of the public. It all has to do with financial conquest and the public has to be as naive as possible. It's not something that has happened this year or last year. And the press is culpable in all of this.
What do people need to do to bring this out into the open?
People need to start
asking questions about their various state comprehensive annual financial
reports and demanding complete accountability by the politicians. I believe that
this is the jugular vein of the corruption in this country. If all of this is
disclosed openly, the game comes to an end. People need to start focusing
on "gross receipts, total investments, total trust funds," whether
restricted by statute or the like. You can see this in the comprehensive annual
THE BLACK BUDGET AND THE UNDERGROUND EMPIRE
On Oct. 20, 1991, California researcher Michael Lindemann, founder of 'The 20/20 Group', gave a lecture before a large crowd of interested investigators. During the course of his lecture wherein he discussed the Military-Industrial Complex's underground bases outside of Lancaster, California, he made the following statements:
"...How many of you have seen the book 'BLANK CHECK'?... It is not a UFO book. I strongly recommend that you read the book 'BLANK CHECK' so that you can understand something about how these projects are funded without your say so, indeed without the say so of Congress. Most citizens don't know for example that the National Security Act of 1947 made it illegal to ever say how much money is spent on the CIA. Indeed all of our tremendous alphabet soup collection of Intelligence Agencies. Whether your talking about the CIA, or the NRO, or the NSA or the DIA, etc., all of them are in the same category.
"You cannot say how much these things cost. All you can do if you want to find out is add-up the numbers on the Budget that aren't assigned to anything that actually means anything. There are these huge categories that have tens of billions of dollars in them that say nothing but 'Special Projects...' And every year the Congress dutifully passes this bloated budget that has some $300,000,000,000 or more with HUGE chunks of cash labeled like that: 'Special Projects,' 'Unusual Stuff.' -- Ten billion dollars. O.K., well where does the 'unusual stuff' money go? Well, it DOES go to 'unusual stuff', that's for sure, and one of the places it goes is that it goes into the underground bases. Indeed TIM said recently since the publication of his book [BLANK CHECK]... MORE Black Budget money goes into underground bases than ANY OTHER kind of work.
"Now I don't believe that 35 billion, which is the approximate size of the black budget money that you can find by analyzing the budget, I don't think that comes CLOSE to the real figure because there is absolutely unequivocal evidence that a great deal of additional money was generated in other ways, such as the surreptitious running of guns and drugs. And one wonderful example of that is coming to light with the B.C.C.I. scandal which I hope you've heard of... a number of very high-ranking American officials are caught in the undertow of the BCCI tidal wave... Even though these guys are tying to pull 'fast ones' on an immense scale they are getting caught. These things don't always work. Indeed they are very, very vulnerable.
Indeed this whole 'end game' is very vulnerable and that's why they feel it requires such secrecy. The American people wouldn't stand for this stuff if they had the information, and that's the reason why we have to get the information out and take it seriously because it really is a matter of our money and our future that's being mortgaged here.
"But my friend who worked in the underground bases, who was doing sheet-rock was down on, he thinks, approximately the 30th level underground... these bases are perhaps 30-35 stories deep ['ground-scrapers']. As I say they are not just mine shafts, these are huge, giant facilities... many city blocks in circumference, able to house tens of thousands of people. One of them, the YANO Facility [we're told... by the county fire dept. director, the county fire dept. chief who had to go in there to look at a minor fire infraction] there's a 400-car parking lot on the 1st level of the YANO Facility, but cars never come in and out, those are the cars that they use INSIDE.
"O.K., so... a very interesting situation down there. Our guy was doing sheet-rock on the 30th floor, maybe the 30th floor, underground. He and his crew are working on a wall and right over here is an elevator door. The elevator door opens and, a kind of reflex action you look, and he saw three 'guys'. Two of them, human engineers that he's seen before. And between them a 'guy' that stood about 8 to 8 1/2 feet tall. Green skin, reptilian features, extra-long arms, wearing a lab coat, holding a clip-board...
"I tend to believe that story because, first of all because we have other stories like it, but more importantly because he walked off that job that very day. And he was getting paid a GREAT deal of money... If your basically a sheet-rock kind of guy, if you can do sheet-rock in a place like that then you get paid way more than standard sheet-rock wages, you can count on it.
"So, he walked off that job. His buddy on that same crew turned into an alcoholic shortly after. This is an extremely upsetting thing. You know, it wasn't like this alien jumped out and bit his head off or anything, it was just standing there for a few minutes, the doors closed. He has a feeling that that elevator was malfunctioning, otherwise he never would have seen that except by accident..."
According to former Wackenhut employee Michael Riconosciuto, there is a direct underground connection between the Nevada Military Complex and the underground facilities near Lancaster, California, such as the Tehachapi mountain base. Several people have referred to the subsurface as well as the operational 'connections' between the Dulce base in New Mexico and the Dreamland or Area-51 base in Nevada, connections that exist via Dugway, Utah and Page, Arizona. If alien forces are intent on taking control of this planet, then it would be logical for them to target our major military weapons research and development centers. This might involve actual 'infiltration' of our military-industrial complexes and control of the line-of-command through mind control of specific and strategic personnel. The 'deeper' one descends into the underground 'alien empire' the greater the security and therefore the greater the 'control' will be in regards to this "...from the bottom up..." takeover attempt. In many cases patriotic Americans have become caught in the middle of this 'underground war' between loyal American military personnel and alien or alien-controlled 'personnel', as was the case in the Dulce and the Groom wars themselves. Some have managed to escape from their terrifying encounters and -- whether intentionally or unintentionally, as in the following incident -- have voiced their fears, concerns or even rage to those on the 'outside' who will listen.
The following conversation, in relation to the Nevada Military Complex and the 'underground facilities', took place on the "Billy Goodman Happening" - KVEG Radio 840 AM, Las Vegas, Nevada, on November 19, 1989. It was transcribed by a Las Vegas resident.
Billy Goodman incidentally, has personally planned visits, in collaboration with KNBC Radio in Los Angeles, to observe the 'disks' which are being tested at Groom Lake, Nevada. Goodman and others claimed to have seen these disks in operation, and back-up these claims with video documentation. One such video shows a hovering object making a vertical ascent, stopping in mid-air, followed by a horizontal traverse, followed by another vertical ascent. Something like this would be impossible for any conventionally known aircraft of the time to duplicate. Billy Goodman, who has since moved to another radio station in Los Angeles, has been very instrumental in getting the information out about the underground base at Site 51 [or Area-51]. One contact of ours has informed us that a good friend of hers in Las Vegas, Nevada, had uncovered some very disturbing facts and testimonies concerning construction workers and others who had been involved in the installation of certain equipment within the tunnels beneath the Nevada Military Complex, and particularly under the Mercury, Nevada area. Many of these later died under bizarre circumstances, and there were rumors that others were being held captive underground because they "saw too much". This informant, Stacey Borland, was later found dead -- along with a brother of hers -- in Las Vegas, as the result of a gangland-type execution. Someone had apparently entered her place and murdered them in cold blood.
In the following annotated transcript, the caller who claims to be a worker in the underground facilities below Mercury, Nevada, will be identified as 'C' and Billy Goodman as 'G':