Trillions of dollars of taxpayer's money has been hidden and invested in America's major companies. Thanks to the Supreme Court's decision in Citizen's United rendered one year ago there is no limit on campaign funding by big corporations exercising their first amendment right to freedom of speech while remaining safely behind a financially funded wall of secrecy as to who they are. The above should be the new definition of "Protected Speech" in America today.
Thus it should also be noted that the majority of American citizens lack the financial power to have their say because the funds have been stolen from them. The first amendment right to freedom of speech should include freedom from fear of reprisal for exercising that right. That is not the case in America today
For the fleecers there is a totally different story! When it came time to make political campaign donations this last election there was no demand for transparency even though those companies could represent foreign enemy combatant terror group involvement in America's political
Furthermore they could and likely do represent felons who in many States are no even allowed to vote. After all the Pharmaceutical Industry represents the most expansive grouping of criminals forced to pay expensive felonious damage payments to their victims in the world.
However the record is obscured as to how much of taxpayers money has been used for campaign contributions or how that could happen. However, the bigger issue is who has ownership and control of those companies that are making the campaign contributions. The answers to how and who will surprise even the most cynical taxpaying American.
First amendment rights for corporations have meant inadvertent funding by American taxpayers.
One year ago, in a 5-4 decision in Citizens United vs. the Federal Election Commission, the Supreme Court ratified a radical vision of the 1st Amendment. It has given corporations rather than voters a central role in America's electoral process by treating corporate political donations as protected speech.
When the Supreme court voted five to four to give corporate person hood yet another unprecedented stake in the future of our country I was shocked and dismayed because of revelations all over the internet about the incredible amount of wealth that has apparently been retained in the form of surpluses of taxpayer's money held by government majority owned corporations.
There has been an enormous amount of dollars that have been invested in stock offerings of American corporations by every incorporated element of the U.S. government.
Furthermore it has been hidden in plain view with the help and cooperation and years of disinformation by Government Officials, Groups like The Government Financial Officers Association and the Main Stream Media.
Is former Governor Schwarzenegger's statements, regarding the health of California's economy accurate? The official story is that California is 22 Billion dollars in the red however in just the one investment account of the City of L. A. alone there is $450 Billion dollars.
According to Walter Burien who has been a commodities trader and investment adviser for over 20 years and the whistle blower who broke the story over ten years ago, there are 1,100 investment accounts in California totaling approximately 8 trillion dollars.
With all of California's resources and the investment assets of California's 1,100 government corporate investment accounts. It seems the easiest way to fix the problem would be to leverage those resources in the form of equity in a State Bank.
When the people in charge of the investments were asked about them the answer was that they were rainy day funds in case the regulatory or administrative agency, board, city, municipality, county, city or state fund got into financial trouble.
California is now on the brink of receivership yet no one is talking about $8 trillion in "rainy day funds". So what gives?
Furthermore "someone" was buying up independent companies that were deemed critical to taking "complete control " of the infrastructure like cable companies which handle television, internet and phone systems. Moreover the local Bank which is consistently B plus rated was being pressured by the Government to take money they did not need or want and which came with a very heavy price in control attached.
California's continual budgetary shortfall seemed so at odds with the claim of California being one of the 10th most productive economies in the world. What was even more stunning was the information gleaned from a source, who had been researching the subject for almost twenty years; Walter Burien had the following to say about the subject of the "smoking gun called CAFRs".
"Organized Governments at all levels have been holding back their true Financial Statements, their Comprehensive Annual Financial Report from the people of America for over 50 years! Every city, county, state, and the federal government openly talks about the "budget" but keeps a virtually hidden, second set of books which track the investments and enterprise ventures".
"These investments are worth trillions of dollars in tangible wealth they have built up and are spending from these virtually hidden portfolios as a result of investing your skimmed money for over 50 years in everything from real estate to the stock market."
There is no reason to believe that the rest of the country isn't doing as well as California. One can figure with that many incorporated agencies in the U.S. the take up to this past fiscal year could be well over 100 trillion dollars. This can be checked for each state at the CAFRs web sight http://www.CAFRS.com.