Is the California CAFR scandal for real? (28-minute interview)

Guy Evans of Smells like Human Spirit has interviewed me for 28 minutes to walk interested people through the documented objective facts that taxpayers have TRILLIONS of their dollars in surplus accounts held by various government agencies. These astounding funds are disclosed in official Comprehensive Annual Financial Reports (CAFRs).

Government and media “leaders” claiming no options but austerity while failing to honestly communicate surplus trillions is OBVIOUS criminal financial fraud. The 2014 Worldwide Wave of Action from April to July 4 will work to expose such game-changing crimes for public awakening, arrests of obvious criminals to end these crimes, and initiation of policies in good faith effort for all Earth’s inhabitants. In the single issue of CAFR trillions, those funds alone solve almost every single economic problem people face today; see the data below for your verification.

Three papers I reference in the interview:

My paper from the 2012 Claremont Colleges economic conference: Monetary and credit reform: full-employment, end of debt slavery

How a government teacher easily proves Occupy’s claim of US War Crimes

CAFR facts from my 2012 article (and copied below): CAFR summary: if $600B ‘fund’ can’t fund $27B pension, $16B budget deficit, why have it?

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 to explain this data 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.

I asked this of my two state representatives, Senator Carol Liu and Assemblymember Anthony Portantino. Carol and her consultant, Robert Oakes, has not yet answered this question. Anthony responded, but failed to address the question.

* The final official responses from my two representatives: “No comment.”