Take a look at regular local government CAFRs.
You will see in the note sections listed returns for local agencies. Pay special attention to the notes per "Bond dividend return" Here they are disclosing return from bond investments. (Most people are conditioned into thinking government is paying for bonds)
When you look a little closer you will find government financial Enterprise Authorities that have been established to take investments from the local governments within the state and then when the local governments have a bond issuance of which the public will repay with interest, those same local governments now indirectly use their own investment revenue held with that Enterprise authority to fund their own bond debt. Several states have now become 100% self funded on their own debt through this method.
It is also obvious to me by your comments you have not looked. You say;
"As for the assertion that US state and local governments, or even the federal government, has invested significant funds overseas - I have never seen such an assertion before, know of no statistics supporting it, and find it lacks credibility and relationship to what I do know of the history of investment flows between the US and other counties."
You were not intended to know due to the scope of the money and control involved. What is spoon fed you by the media and controlled education was designed for you not to know.
I did not know about this also until I looked twelve years ago. That is the beautiful point about the CAFRs and also why you were not aware of them. Government needed to keep their own records of the scope and growth of their plans. The CAFRs will show you the scope of the takeover by government. Something you were not intended to see.
I will give you one example of many available as shown by review of CAFRs. I will use Arizona State Government Inc. as an example.
In 1973 the state government of Arizona CAFR (Comprehensive Annual Financial Report) showed a service budget of 1.8 billion dollars with total cash gross receipts of 2.1 billion dollars or a 300 million dollar figure over the budget.
Well, in 2000 the state government CAFR showed a service budget of 14.5 billion dollars and cash gross receipts of 35 billion dollars or a mere 20 billion figure over the selectively created budget report.
I will leave you off with one last comment; The CAFR is government's Annual financial Report, the Holy Grail of accounting. It is as to religious organizations as is the Bible, the Torah, the Quran. So:
1. Why is it not on the front page of the newspapers?
2. Why is it not even on a back page?
3. Why is your editor sent it each year only not to have a clear mention of it, not a peep?
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).
