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What’s going on? Where is the money? How could this happen? How much has really gone missing? What would happen if a corporation failed to pass an audit like this? Or a taxpayer?
This means the Fed and their member banks are transacting government money outside the law. So are the corporate contractors that run the payment systems. So are the Wall Street firms who are selling government securities without full disclosure.
Would your banks continue to handle your bank account if you behaved like this? Would your investors continue to buy your securities if you behaved like this? Would your accountant be silent?
MSU SCHOLARS FIND $21 TRILLION IN UNAUTHORIZED GOVERNMENT SPENDING; DEFENSE DEPARTMENT TO CONDUCT FIRST-EVER AUDIT
Earlier this year, a Michigan State University economist, working with graduate students and a former government official, found $21 trillion in unauthorized spending in the departments of Defense and Housing and Urban Development for the years 1998-2015.
The work of Mark Skidmore and his team, which included digging into government websites and repeated queries to U.S. agencies that went unanswered, coincided with the Office of Inspector General, at one point, disabling the links to all key documents showing the unsupported spending. (Luckily, the researchers downloaded and stored the documents.)
Now, the Department of Defense has announced it will conduct the first department-wide, independent financial audit in its history (read the Dec. 7 announcement here).
But just last December, a Washington Post investigation found that the Pentagon had buried a report that outlines $125bn in waste at the Department of Defense. That gap between lawmakers’ calls to blindly increase spending at DoD versus those of internal auditors to curtail its waste isn’t a new problem, and it’s one that, without pressure, won’t be resolved any time soon.
That’s because although it’s required to by law, the DoD has never had an audit, something every American person, every company and every other government agency is subject to. The result is an astounding $10tn in taxpayer money that has gone unaccounted for since 1996.
originally posted by: Arnie123
Money of that scale means we're supporting another nation unknown to us, high technology and its maintenance or advanced military base somewhere off world.
originally posted by: LostGods
When is this giant black hole going to close up???
originally posted by: liveandlearn
a reply to: muzzleflash
Catherine Austin Fitts (author of you link) has been all over this. She said Hud is a slush fund for whatever comes up short with no accountability. And yep we bail them out when they come up short. Doubt Ben Carson knew what he was getting into.
Honestly it is probably every dept in the gov and it seems everyone just accepts it. So much for representing the people.
originally posted by: purplemer
a reply to: muzzleflash
It really is some amount of money. It makes the moeny put into space exploration pale into insignificance. The only thing they need that kind of money for is a real space tech or underground cities (antractica) This is robbery by the richest and most powerful in the world. it is done for a vested interest not for the likes of you and me.
originally posted by: stormcell
originally posted by: purplemer
a reply to: muzzleflash
It really is some amount of money. It makes the moeny put into space exploration pale into insignificance. The only thing they need that kind of money for is a real space tech or underground cities (antractica) This is robbery by the richest and most powerful in the world. it is done for a vested interest not for the likes of you and me.
Annual NASA budget for 2017 = 18 billion
Annual DOD budget for 2017 = 598 billion
Annual Medicare budget = 670 billion
Social Security budget = 650 billion
Total federal budget = 4147 billion
Deficit = 503 billlion
This is why I keep coming back to a few sites like ATS. I find out things that often are barely covered or not at all in the mainstream media. I virtually guarantee 95% of people don't know about this.
originally posted by: Arnie123
Excellent thread and a subject we should all be engaging in. Why this is getting little traction goes to show that even the fringe have been blinded.
I have faith though, in social media of all things. As the effort to dig BS up on Trump and other figures, other things are being brought to light in an ever increasing connected society, via social media. As a result, it won't be too long until Trump turns his twitter feed onto Gov audits, perking the Peoples interest as to where all the money is going.
Money of that scale means we're supporting another nation unknown to us, high technology and its maintenance or advanced military base somewhere off world. Who knows, could be nothing but $50,000 toilet seats and $80,000 hammers all thrown out at the bottom of the sea.