The Missing Money – $21 Trillion in Undocumentable Adjustments and Counting with Dr. Mark Skidmore

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“No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.” ~ Article I, Section 9, Clause 7, The US Constitution

By Catherine Austin Fitts

This week Dr. Mark Skidmore, Morris Chair of State and Local Government and Policy at Michigan State University joins me on the Solari Report to discuss his recent report on what is now $21 trillion in undocumentable adjustments at the Department of Defense (DOD) and the Department of Housing and Urban Development (HUD) between 1998 and 2015. I had been using the number $18 trillion. However, Dr. Skidmore and his team have identified another $3 trillion which we have added to the documentation that he and his students have reviewed and provided. See DOD and HUD Missing Money: Supporting Documentation for $21 Trillion in Undocumentable Adjustments.

This issue has great importance to you and your family. Many of our problems are related to how the federal government and the banks and private corporations that run its operations can access trillions in secret outside of the Appropriations Clause of Article I of the US Constitution and the US financial management laws. This nearly infinite amount of money finances whatever the people who can access the money want. Forget democracy! Forget the republic! The policies are set by the people who control the operations, assets and technology that secret money finances. Notice that Congress consistently votes against the wishes of the American people and their constituents! Their votes are following the money.

In Let’s Go to the Movies, I will review Top Secret America – From 911 to the Boston Bombings. This PBS presentation describes reporters the efforts of Dana Priest and William Arkin efforts to document the explosive size and expense of an out-of-control national security state after 9/11.

Top Secret America

Even though it is the last week of the month, I will do a short Money & Markets this week to report on what I learned at the Nexus Conference and latest developments regarding blockchain technology and cryptocurrencies. Make sure to send or post your questions for Ask Catherine.

Talk to you on Thursday!

Related Reading:

Enforce the Constitution!

DOD and HUD Missing Money: Supporting Documentation

9/11 Trillions: Follow the Money

Farrell and Fitts at SSP 2014

The Exchange Stabilization Fund with Rob Kirby