Dec 16, 2017

USAWatchdog | Dec 3, 2017 | Missing $21 Trillion Means Federal Government Is Lawless – Dr. Mark Skidmore | Blogger: ARE YOU KIDDING ME... Two departments of the US federal government may have spent as much as $21 trillion on things they can’t account for between 1998 and 2015. At least that’s what Mark Skidmore, a Professor of Economics at MSU specializing in public finance, and his team have found... (Some goes to black defense budget programs or Secret Space Programs for sure)... How much is 21 trillion of dollars? 21,000,000,000,000 OR 132,000,000,000,000 billions of danish kroner of funny money. In Denmark, public expenditure budgeted at 1,103 billion in 2016 - total budget in/out of public management and services (one trillion equals one million million, which in Danish is called a billion)... Other calculation to show how much money we're talking about. One of my friends did this calculation about one of the most CRAZY obscene stock option deals in Denmark. Nets Group or Nets A/S (Nordic-based payment service provider) has just made a fortune. Just seconds before it got quoted on the Danish Stock Exchange, they bought Stocks & Shares. 70 executives in the management group, got their money, 131 times back, after one year employment in the company. Denmark's richest press officer gained DKK 35 million, NETS director, Bo Nilsson, to be paid DKK 600 million on his share program (many say, their knew, illegal Insider trading and greed). Sooo, Bo Nilsson's paycheck is actually 220.000 DKK PER HOUR (that's BEFORE any pension, payout salary and acc. to trade union terms - 160 day per year)... NOW, we're are talking about $21 trillion of unauthorized (unaccounted) spending by US govt - that's $65,000 per person of Americans, which constitute the majority of the 308 million people living in the United States (Average Salary Information for US Workers - $44,148 per year for a 40-hour work week). OR - 25,000 thousands x Stein Bagger stolen money bin, before he got caught. OR - 6.204 x The "Great Belt Bridge" (Danish: Storebæltsbroen) ... |

By Greg Hunter’s (Early Sunday Release)

Michigan State University economics professor Mark Skidmore made an astounding discovery about the finances and budgets of the U.S. federal government earlier this year. He and a team of graduate students discovered $21 trillion missing in the federal budget going back to 1998. Dr. Skidmore, who specializes in public finance, explains, “We know from official government sources that indicate $21 trillion is, in some way, unaccounted for. Furthermore, if we come back to the Constitution, all spending needs to be authorized by Congress. It looks to me, and I think I can conclude with a high degree of certainty, there is money flowing in, as well as out, that is unaccounted for. . . . That’s the one thing we know from these documents, that there is $21 trillion in unaccounted funds.”

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.”

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.”

Join Greg Hunter as he goes One-on-One with Professor Mark Skidmore of Michigan State University, as he talks about $21 trillion in missing money from the U.S. federal budget.

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