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Missing Money 2021 Update
Addendum to Missing Money—June 2021: An Additional $94 Trillion in DOD Accounting Adjustments Reported in Bloomberg. By Mark Skidmore On January 22, 2020, Bloomberg posted an article written by Anthony Capaccio, “Pentagon Racks Up $35 Trillion in Accounting Changes in One Year” (https://www.bloomberg.com/news/articles/2020-01-22/pentagon-racks-up-35-trillion-in-accounting-changes-in-one-year). In the article, the author reports that the Department of Defense recorded…
The U.S. Statutes Creating Modern Constitutional Financial Management and Reporting Requirements and the Government’s Failure to Follow Them
“About 34 percent of the federal government’s reported total assets as of September 30, 2016, and approximately 18 percent of the federal government’s reported net cost for fiscal year 2016 relate to significant federal entities that, as of the date of GAO’s audit report, were unable to issue audited financial statements, were unable to receive…
The Appropriations Clause: A History of the Constitution’s (As of Yet) Underused Clause.
“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, UNITED STATES CONSTITUTION Table of Contents I. Introduction A. Appropriations Clause B. Permanent…
DOD and HUD $21 Trillion Missing Money: Report & Supporting Documentation
“No money shall be drawn from the treasury, but in consequence of appropriations made by law; and a regular statement and account of receipts and expenditures of all public money shall be published from time to time.” ~ Article I, Section 9, Clause 7, U.S. Constitution September 2017 Report Solari Report: Interview with Dr. Mark…
Primary Dealers of U.S. Government Securities
The following table shows the primary dealers of U.S. government securities. According to the Federal Reserve Bank of New York, “Primary dealers are trading counterparties of the New York Fed in its implementation of monetary policy. They are also expected to make markets for the New York Fed on behalf of its official accountholders as…
The Financial Coup & Missing Money: Quotes
[CAF Note: Bravo! One of our subscribers has been digging into the money missing from the US government. This is exactly the kind of citizen research we need to make progress on enforcing the Constitution. Here are some quotes he assembled for us. Thank You!] By a Solari Report Subscriber A few extra links to…