22-minute interview: CA CAFR $600B ‘pension fund’ pays just $1B for pensions
Infowars Nightly News interviewed me for 22 minutes to discuss how states’ Comprehensive Annual Financial Reports (CAFR) reveal taxpayers have abundant assets already in government hands to pay for all public goods and services multiple times.
Summarized here, California has $600 billion in cash and investments, with all state government agencies combined having $8 trillion. These amounts translate into $50,000 per household retained by the state, and a staggering $650,000 per household combined total.
This is why CAFR data disclosure is one of three obvious game-changing solutions a critical mass of the 99% can command to reclaim economic success from the current capture of the 1%; the other two are monetary and credit reform.
This objective and independently verifiable data also communicates the need for Occupy victory for the 99% to recognize and end obvious malfeasance/crimes centering in money and war. This victory literally saves millions of lives, helps billions, and returns trillions of the 99%’s hard-earned money.