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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.
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:
DOD and HUD Missing Money: Supporting Documentation
12/26/17 – first time in who knows how many years… turned on Rush Limbaugh. Guest host spent 5 minutes talking about DoD audit… and an army of auditors descending on DoD 1st quarter 2018.
Of course… won’t hold my breath… but it’s got a LOT of eyeballs on it, thanks to YOU… Catherine and Dr. Skidmore.
Bravo!
Thank! I love learning how the missing money ripples out…
Great interview … detailed with facts which makes it very real. This is completely OFF the radar for everyone and yet could make such a positive impact in every sector of our economy. For example, here in the People’s Democratic Republic of California, there is a new (and another!) gas & vehicle tax which starts next month. It is designated for ‘road & infrastructure improvements’. It is really going to be used to bolster the underfunded CALPERS & CALSTIRS (Teachers) Retirement funds, which together fund almost 3 million families who were made promises of a secure financial future thru their own contributions.
What a difference getting back some of OUR $31 TRILLION (and counting) would make!
Absolutely – $21 Trillion – send letters to your state legislators!
What wonderful interview. I’ve listened twice already. With just very basic bookkeeping skills you can more clearly understand the ludicrousness of the undocumented adjustments. Love the story about the bookkeeper at the church.