×
×
homepage logo
STORE

Public agency investments are the culprits

By Staff | Apr 6, 2011

To The Editor:

It is no secret that government over the years has created financial climates that make all of us more and more dependent upon them. This is designed this way so that over time eventually all of us will depend on government for our very existence.

The most concerted effort to enslave us was to eliminate jobs and opportunities thereby relieving us of our independence. They are also taxing us to death and stealing our homes through foreclosures.

Most people, including public servants, do not realize that this last “recession” was also fueled by the theft of public wealth in the form of investments made on behalf of public agencies.

Every public-agency (fire, police, teachers, etc.) utilizes taxpayer-furnished money for such things as pensions, insurance guarantees, etc. and they invest that money in various ways. The agency “investments” include things such as bonds, T-notes or stock. But, they also invest in commodities, real estate, mortgages and private businesses, to name a few. Some of the investments even include personal, un-collateralized signature-only loans.

To compound matters most of us do not even realize any of this occurred because the information has been from us, it is not reported to the public. In essence, they keep two sets of records: one for public scrutiny and the other is “secret.” So what can be done? The public and the various public-agencies can demand from each investment group a full accounting of the entire agency records that include all investments.

The groups will try and tell us those accounts do not exist; let them. There are ways we can secure the information ourselves but the easiest way is to officially demand it from those responsible for the investments. The investments resulted from use of tax money and we have a right to see where it went.

For central control these investments are mainly administered at the state level or under the Federal Reserve thieves.

Keith Kaye

Lehigh Acres