Where is the money? Trillions Missing!

The US Government cannot account for trillions of dollars. The DoD reported $1.1 trillion missing in FY 2000 alone!

See Rumsfeld "We cannot
track $2.3 trillion" 9/10/2001

Trillions missing from DoD!

"We reported that DoD processed $1.1 trillion in unsupported accounting entries to DoD Component financial data used to prepare departmental reports and DoD financial statements for FY 2000."

David K. Steensma Acting Assistant Inspector General for Auditing for the DoD US Dept of Defense (DoD) February 26, 2002

Billions missing from HUD!

"At the time we discontinued our audit work... An additional 242 adjustments totaling about $59.6 billion, were made to adjust fiscal year 1999 activity."

Susan Gaffney HUD Inspector General US Dept of Housing & Urban Development (HUD) March 22, 2000

What does this mean?

Trillions of dollars in "unsupported adjustments" means trillions of dollars unaccounted for. What's going on? Where is the money? How could this happen? Where are the checks and balances? How much more has gone missing? Is this happening in the other government agencies too? What would happen if a corporation failed to pass an audit like this? Or a taxpayer? Who is responsible for this? Who can we trust to fix it?

This can happen when a federal government is experiencing the financial equivalent of a coup d'etat. Our number one favorite to win is federal credit fraud -- government insiders issuing securities or guarantees privately or fraudulently -- combined with central bank complicity in printing currency and manipulating the gold market. Stealing inventory to sell, such as tanks, jeeps, and weaponry, is also a good bet. Federal credit and inventory are physical assets that are separate from the budget, and are generally much larger than the annual budget.

Corruption has been going on for years. However, digital technology and computers, combined with the power of the federal credit, have permitted federal financial fraud to move to a new level.

Yes, of course. We can and we must get the money back. The primary thing stopping us is the belief that we can not get it back.

If we do not get stolen money back, we will find ourselves in a position where we will be forced to sell our land and natural resources at discount prices to the people who stole our money. Why be dependent on those who stole our money for capital on devastating and expensive terms? Why not simply get our money back?

In addition, a history of federal financial fraud has taught us that the only way to prevent this type of fraud from happening is to get the money back. To the extent the criminals who stole the money get to keep the money, their power only increases, and their fraud increases.

For example, the Iran Contra networks were allowed to stay intact and to keep the money stolen from the S&Ls; this created a platform for those people who were successful in those networks to rise to greater power and engage in much more significant levels of fraud in the 1990s.