THAT MISSING $21,000,000,000,000: DR. MARK SKIDMORE ON THE ...
You know things are in a bad state when an economics professor at one of the country's most prestigious research universities, the Michigan State University, says that there's about $21,000,000,000,000 missing, and when he says that in spite of his best efforts to find out where it went, he meets a stone wall of obfuscation, buck-passing, and missing links. The story has now captured the attention of Mr. Greg Hunter, well-known financial commentator at USAWatchdog.com(our thanks to Mr. V.T. for spotting and sharing this article):
Missing $21 Trillion Means Federal Government Is Lawless – Dr. Mark Skidmore
What's intriguing here is not only the wall of obfuscation that Dr. Skidmore was confronted with, but also the conclusions he drew from it:
In one example, Skidmore found a huge transfer from the Treasury Department to the Army that, again, was not authorized. Keep in mind, the Army has an approved budget of a little more than $120 billion a year. Skidmore says, “In this one report . . . there is an appendix table that indicates there was a transfer from Treasury to the Army of about $800 billion. That’s almost a trillion dollars flowing in. There is a note that says we had to do this in order to reconcile past years. That doesn’t make sense to me either because, these earlier years, you have a transfer from the Treasury of your $120 billion or $130 billion, and every year, the Army is granted the authority to spend this money in the ways they say they will. How can you get (an additional) $800 billion in and call that an ‘adjustment’? I tried to call and talk to the office of the Inspector General to talk to the people who helped generate these reports. I haven’t been successful, and I stopped trying when they disabled the links.”
So there you have it: look too closely or too far, and they simply "shut down the links." Never mind that it's your tax money that's at stake. Or is it? We'll get back to that question in a moment.
One can imagine the consternation this would cause to an economist. Economists are like physicists: they like numbers, measurements, wave forms (cycles), and when energy...er... money, shows up either in excess or is drained from a circuit...er...system, without any good explanation of why it's appearing or disappearing, the models go down the drain, and one is left scratching one's head, peering at the equations on the blackboard, and wondering where the hidden variable is.
So the conclusion Dr. Skidmore, and Mr. Hunter, draw is a reasonable one: the government is operating far outside the budgetary parameters laid down in the Constitution:
You heard correctly. The government cut off inspection of their own financial accounting to the public. Skidmore says, “I have been able to talk to a few people. I tried calling the Congressional Budget Office. I talked with somebody at the GAO, and one or two people at the Office of the Inspector General, who were generating these reports. . . .It’s a big question in why don’t people want to look at this? I am just a blue collar economist at Michigan State University, and I am saying this does not make sense to me. Why don’t we look at this? . . . Some high ranking government official authorized the disabling of all the links to the key documents. We know that.”
Dr. Skidmore thinks the federal accounting of $21 trillion in missing money is crazy and far outside the realm of normal. So, is this a legitimate U.S. national security issue? Dr. Skidmore says, “Yeah, and that is one of the reasons I decided to look at this. How can this be, and what does this mean? If trillions of dollars are flowing in and flowing out, it appears to be outside of our Constitution and outside of the rule of law. If that is the case, that really is troubling because it suggests that there is a layer of things happening that are outside the rule of law. I know, for example, that some activities, just for the sake of protection of the people involved in national security, have to be black budget. There is always stuff like that. Usually, it’s authorized spending, and some percentage is this black budget where only a small percentage of people and some in Congress know about it, but this is way outside of that. So, I am worried about it.” (Italicized emphasis added.)
Notably, Dr. Skidmore draws a similar conclusion that I and others have drawn when looking at this phenomenon of "missing money," namely, that we're looking at a component of the black budget.
Which brings me to that question, and to my high octane speculation of the day: what if some of this money is not from tax revenues? Once we ask that question, we begin to approach a first approximation of why constitutional protections may not be in play, for the budgetary constraints of law would seem not to apply if there are other revenue streams, particularly if those revenue streams are directly entangled with the national security. It's the presence of the possibility of those hypothetical revenues streams that brings me to my hypothesized "hidden system of finance" that I have written about in some books (Covert Wars and Breakaway Civilizations, for example), and in talked about in numerous interviews and blogs.
In other words, if those hidden systems of finance exist, then one of the long term effects of their existence has been to make the federal government increasingly dependent on their existence, and thus increasingly free of constitutional restraint on the budgetary process. Couple this to the central bank monetized debt model, and voila, one has a virtually limitless slush fund for projects that all fall under "national security." In effect, this reduces the federal government to the status of a "front organization" whose primary purpose is now to become the money laundering system for this hidden system, and that's the root of the problem: the revenue streams from the hidden system and the public taxation system have been mingled.
There is yet another deleterious effect of such a scheme, which, once again, I believe to have been put into place after World War Two, and precisely in response to the "triple strategic problem" faced by the deep state at that time: (1) Nazi survival, (2) the Communist bloc, and most importantly, (3) the UFO. That effect is that as more "hidden dollars" enter the system, the return on black budget investments per dollar declines both as a function of the money in the system, but also in response to the mercantilist policies and the inevitable corruption they engender, means that weapons systems become increasingly complex, and increasingly perform below their advertised performance. Think of the F-35 here. The reason again is simple: the vast bulk of the funds is being siphoned into research projects we never see.
See you on the flip side...
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their desk plaque says “the buck stops here” but that side is facing them.
the customer side says “the real information stops here”
wonder if there are 21 trillion $1 printed kamikaze drones lurking somewhere.
Missing Trillions?. . . Yes of course one is talking Federal Reserve cash injections rather than the real thing: Earned Income Dollars created through the proper monetizing of real wealth at the level of Parity which happens to be the Law- 7 USC Sec 602, not followed, which is the working demonstration of the duty of Congress to determine the value of our money.
The following paper has vital graph of the real missing trillions, beyond other thefts, to what is the fundamental theft. The first paper is to the incoming Administration, as a solution. The 2nd presented to a Congressional Ag Committee. Please pass these to your Reps & Senators, Governors, candidates for higher office, fellow citizens, all others concerned with economic sanity and prosperity.
$21 Trillion? Pretty soon now we’ll be talking serious money!
Excellent comments and blog post . Very sharp. Your comments on Constitutional aspects and the mercantilist economics are bang on IMO. This article also gives one a scope of the swamp and it’s creatures. Eisenhower the prophet fo sho!
“Love your country, fear your government..”. I do not remember who said it , but the sheep are slowly getting a clearer picture of their situation and the forced government = terrorism may just be seeping in through swamp soaked slippers. Tired of the rusty sheers, the sheeple are experiencing the dividends of not tuning in to the mainstream programming and entrainment. IMO . Pray it increases. http://stateofthenation2012.com/?p=90294
This scenario has played out too many times before. Dr. Farrell has done a worthy Sherlockian investigation into the ancient past, picking up the scattered-to-the-winds clues left behind. The Egyptians look to have deloused themselves of those financialized parasites, only to become reinfected. Even our American Revolution was primary fought to accomplish the same[Benjamin Franklin’s Autobiography]. However, of the end game, little remains except the missing civilizations[or at least skeletons of what they once were].
Could an evolutionary end game, be one of leaving Earth in ruins; as they move onward throughout the universe, leaving countless parasitical seeds, to root themselves into other “civilizations.? Indeed, was our own Earth, one such example now bearing & spreading its parasitical seeds – to the galactic solar winds, and beyond?
“I am just a blue collar economist at Michigan State University…”
Well, unfortunately, we have probably just seen the next location for a major false-flag event. If I were one of Dr. Mark Skidmore’s office mates, I would get myself transferred to another building before the cruise mis… airplane arrives.
Those daily trips to the Moon delivering newspapers are sure expensive.
No doubt those analogue “older” types would trust the paper over digital version;
even though it’s mostly propaganda[they’ve overseen & generated].
The money’s fake but the debt is real.
I think at this point everyone has absolutely had it with the US government and is just quietly waiting for the whole clown (not my first word choice) show to implode.
If it were the true public banking system; the money generated by the government would be spent into the local economies debt/interest free.
Public power was usurped by private power.
JFK got the ball rolling the other/public way again
with those pesky consti tution al certificates that contributed
to those magical daley plaza bullets.
It would appear that those corporations fronting themselves as “FedGov. Inc”, “USAGov. Inc”, and the twenty or so other “government” corporations are the largest money laundering operations on the planet and everyone along the way is taking their cut. Add to that the fact that we are also supporting a “small ME nation” to the tune of billions, if not more on a regular basis.
You have to convert all that “gold” from Colombia and Afghanistan the CIA and MIC is flying into the country and selling to our citizens somehow. It’s readily apparent that war “on” drugs was really a war for control of them and we are not there for any reason other that to guard the fields and protect our “investment”. This adds another layer to that North Korea “problem” as they also produce quite a bit of “poppy products” currently not under their control.
That amount of cash can buy you quite a lot of “continuity of government” facilities on and off planet along with the necessary “ships” to transport material and manpower.
We have apparently reached that point in the collapse of the “Empire” where they begin robbing the treasury and citizenry and absconding with the loot which will be conveniently covered with an orchestrated war and demise of the “empire”.
Reaching the point where the mask is about to come off.
Hence, the militarization of the police; the privatization of everything public;
and to the point – where “Public, Enemy #1” –
has more weight, and is not taken as lightly as yesterday…
…where are troubles were so far away,
…and it was such an easy game to play.
Hmm, “absconding with the loot which will be conveniently covered with an orchestrated war.” Reminds me of the gold which was, if I remember correctly, stored in the basement of Bldg 7 at WTC and never recovered. If we were to speculate on the same ‘procedure’ being used for future gold/valuables “absconding”, Fort Knox would just-happen to be a big crater, the various Fed gold-holding locations would just-happen to be big craters, and so on…
There is that intimate relationship in these signature banksters[ancient international bullion dealers] where the primo weapons where obtainable by silver or gold[from slave labor]. Evolving quickly toward: more war, better weapon technology through more looted bullion.
Another proverbial hellish damn cycle?
When you see things like Panama Papers.. Paradise Papers.. the bearer bonds scandals. The banking institutes going belly up.. no one able to audit the papal bank without falling under an avalanche of child abuse scandals.. banking institutes held up that have Saudi Arabian investers.. economic depression and savings accounts wiped out because ‘traders’ suddenly lose hundreds of millions..(the guy had a movie made out of it.. rogue trader or something..)
And someone somewhere can make 21 trillion dollars disappear?
You can drain the swamp anyway you want.. its still draining into another swamp, or as soon as the water goes down, the swamp next door overflows and this swamp is now full of the flotsam of that swamp.. there is nothing other than swamp.. swamp everywhere..
Are these various “mafia” factions, fighting among themselves, each vying for a cut from the stolen booty? Who decides who gets what? If there is no “trust” then what? Is this what we’re seeing? A current snap-shot semblance of the too many too count, bloodied traitorous hands, trying to hold the various threads together, before someone leaves the others staring blankly at each other, holding the proverbial chump-change bags?