CAFR School: What Is A Commingled Fund? Something every Wall Street protester should know.

A CAFR rant for the Occupy Wall Street crowd!

TheCorporationNation.com

I'd like to introduce you to the $64 billion and $23 billion dollar "mutual funds" in California, called Commingled funds. These funds are in all states, with federal U.S. CODE creating them through the state treasurer, and are usually called the Public or State Treasurer's Investment Fund.

Even as California claims to be broke, these funds are growing strong... making hundreds of millions or billions of dollars in investment returns.

-Clint Richardson-

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[anatureperson]

@watercup123456 Nobody ever gives up their money in taxes. Taxes are taken by FORCE; that is, if you don't volunteer the tax, the government will steal it via your employer. The government tax agency will take it through the employer and YOU are never involved, included, or consulted- The only thing that is used to steal your money from you is your SSN. The SSN is only tool that is used to collect taxes. YOU have absolutely no say in the matter.

[anatureperson]

@jokertim777 It's actually pronounced [kuh-ming-guhl] not CO-mingle. 

[watercup123456]

..Government (you the people) will instead take a loan, which is more rational, as you don't want to draw from your savings/investment that you have accrued a guaranteed investment on.

Giving money to a bank so it makes a sound investment and makes you a return is a good idea. Giving money to a bank that is corrupt and using scams to funnel that money into their own pockets is not. The problem is management and oversight.

Corporations have corrupted and own government. Your rant is baseless.

[watercup123456]

... (not to mention they are nothing in terms of the monies needed to fund major projects, such as disaster relief, bridges, healthcare, unemployment, etc), funds are used as collateral in a way, to get money from a bank that the government (you the people) needs for XYZ project, such as say disaster relief, or building a bridge. You aren't borrowing your own money, the state/government doesn't normally draw from it's funds,

[watercup123456]

20 billion is NOTHING if an earthquake destroys major infrastructure in california, so realistically the funds california has for any kind of major disaster is actually very small.

In terms of fees, thats an area I can agree where corruption is making banks money. But that is easily fixed through government regulation and oversight (not lack of it). Funds are not drawn from because if they are, then that money is lost and can no longer be invested... Cont..

[watercup123456]

This is anti-government nonsense ala alex jones.

Funds are EXACTLY what you want, you give up money in taxes, and the government (YOU, since in a democracy, you, the people, are the government, government isn't some evil amorphous entity as you describe) invests that money so it grows over time. The return is small because the government only invests in very safe investments, which produce the lowest return as they have the lowest risk. This is anti-tax jargon and a straw man of how it works.

[taipeiforum]

This was quite good, very interesting and shocking. But I too, cant get over him calling it a cumming-led fund. But really great work.l

[TonyUnplugged]

North Dakato set up a state-owned bank to handle state tax receipts and to eliminate the need to borrow money via bonds from the TooBigToFail Banks.

[jokertim777]

Comming-led funds...really?

It's pronounced co-mingled. Co-gosh darn-mingled. How can a person expect to be taken seriously on this subject matter when he can't even pronounce one of the key terms?

[911truthncDotOrg]

I've been hip to CAFR from Walter Burien for a couple years. This vid does an excellent job exposing the details.

I am going to upload to my channel. Let me know of any objections.

Thx Jan!