See the four part video segment below by local Mesa County resident and Banking expert Marilyn Barnewall. Her expertise and knowledge of the system and industry as a whole will prove it is time to break away from the Federal Reserve chains and Federal Government tentacles by creating a Colorado State Bank just like in North Dakota that will protect Colorado citizens from the massive debt being created in Washington DC. Here is Marilyn's blog which gives more information about the Colorado petition being pushed via a ballot initiative for the People to decide since the elected dead beats in the State Capital can't get it done through the legislative process, especially during a re-election year. Please watch these important videos and then help petition to get this on the November 2012 ballot. Thanks for tuning in and getting educated. Ballot Petition coming soon!
Entries in Federal Reserve (3)
VetTheGov checked the recent PERA filings via Securities & Exchange commission website to see their recent quarterly update report on January 24. 2012. The report shows stock holdings with 2443 publicly held companies with current value of $13.1 Billion. Yet Colorado PERA shows over $41 Billion in assets on their 2010 Annual Financial report. Yes read the fine print and the grand total includes 401K's, 457's, Deferred Comp plans, Health Care Trust funds, and a life insurance reserve. Are they allowed to show public employee funded private accounts as assets??? No breakdown of exactly how much is appropriated to any of these funds but you as the taxpayer are on the hook for any promises they make or claim. The scary part of this is that the health care trust funds both show a funded ratio of ONLY around 17% on page 3 of the annual report which means there can't be much in these funds! The entire PERA fund is only 66% funded to total liabilities with the biggest claim of a whopping 14% return on investments! Are they getting inside trader information???
It appears PERA uses smoke-screens in their funding numbers by adding in additional trust funds used to offset healthcare cost to its members. It allows for members that may or may not qualify for Medicare to receive an additional subsidy between 115.00 to 230.00 monthly depending on status and years of service. There is currently a bill being introduced in this years legislation that is seeking to strike certain language from it. See HB12-1250 here. PERA opposes this bill probably because it impacts over 37,000 that currently receive the subsidy! Click here to see all the PERA legislation this year alone!!! Why so much legislation for a fund we always hear is doing so well???
On page 7 in the annual report you notice their top 10 stock picks for 2010 but in their latest filing VetTheGov has their current top 10.
- Bank of America-10.3 Million shares Political givings
- GE-8.2 Million shares Political givings
- Pfizer-6.9 Million shares Political givings
- AT & T-5.6 Million shares Political givings
- Wells Fargo-5.1 million shares Political givings
- Oracle-4.7 Million shares Political givings
- Cisco-4.3 Million shares Political givings
- Exxon-4.2 Million shares Political givings
- JP Morgan Chase-4.0 Million shares Political givings
- Comcast-3.4 Million shares Political givings
Honorable Mention over 2 Million shares: Merck, Newscorp, Citigroup, Altria Group, Chevron, US Bancorp, Morgan Stanley
Notice a theme with the banks? Remember these are your private industry tax dollars funded directly into large corporations and you must take notice of the bailout related companies in the top 10! If you recall the great Ponzi schemes they all have the same indications of promises made by PERA. Promises of 8% returns annually and a check always showing up monthly on time so you never worry! If the government runs out they simply add more to the system by increasing the debt limit, find clever ways to increase taxes and fees, and poof your PERA check still arrives! In the meantime your retirement accounts are funding Oil & Gas companies, Big Banks, Pharma Companies, and Big News media outlets that continue the smoke & mirrors game to keep you guessing, confused, divided and owned!
If the bailout monies were never delivered the whole scheme would have imploded. Big question is how many workers in the public and private sector does this scheme employ??? Is this why government feels the necessity to create a new green marketplace??? Is this why Big Government and politicians campaign about job creation all the time??? What about your tax dollars funding Big Unions and Big Media outlets??? What about your tax dollars funding Politicians you don't even like??? If you go to VetTheGov's earlier story on who these Big Corporations give to politically, you must ask what are they protecting??? They are protecting the biggest SCAM ever invented and where no one ever goes to prison and the PEOPLE stay enslaved without a clue unless of course you join the SCAM or figure a way to the top of the pyramid like a job in DC or high up in the ranks of a financial institution like Goldman Sachs or a Big Corporation like GE that don't pay any taxes just really enjoy taking them!
Look below and see if you can follow the scheme! At least following your tax dollars all the way to the President and the President's men appointed to the Federal Reserve might clear up a few things. If you look all the way through PERA's holdings you will find most of the companies listed below.
When you follow the money trail or attempt to decipher it is no wonder our government, corporations, and media outlets try to keep the masses divided in order to keep the Scheme from imploding! Stay tuned for more updates in the near future!