Solari Special Report: Dr. Mark Skidmore | Update on the Missing Money | June 18, 2020

Source: Solari.com

In February of 2019, Mark Skidmore and Catherine Austin Fitts published the report “Should We Care about Secrecy in Financial Reporting?” (Skidmore and Fitts, 2019), which provided a review and assessment of the state of federal government financial reporting and the lack of transparency therein. 

Since that report was published, several new developments have emerged. In this document, we provide an update on the state of federal government financial reporting on both uses and sources of revenue. We begin with a discussion of uses. On the uses side, we discuss new information from the Office of the Inspector General (OIG) regarding 170 unsupported journal voucher adjustments tallying to $2.1 trillion. 

These 170 adjustments were briefly mentioned in a 2016 OIG document for the fiscal year 2015 Army General Fund financial report in which the Army was found to have $6.5 trillion in unsupported journal voucher adjustments in that year. We also discuss a request by the Department of Defense to conceal future spending projections. Read more

The Corbett Report | Dr. Mark Skidmore | The Pentagon's Missing Trillions: What You Need to Know | Dec. 12, 2018

Source: corbettreport.com



Dr. Mark Skidmore of Michigan State University joins us to discuss his research with Catherine Austin Fitts into the $21 trillion in unaccounted transactions on the books of the US Department of Defence and the US Department of Housing and Urban Development.

We discuss what we know and don’t know about the subject, the Pentagon’s nonsensical and inadequate excuses for the debacle, the new accounting guideline that legally allows every department of the federal government to create fake and altered books for public consumption, the recent failed Pentagon audit, the government’s refusal to provide any information about the problem, the failure of congress to pursue the issue, and the failure of the press to report on it.

Show Notes & Related Sources:
The Missing Money at Solari.com
MSU scholars find $21 trillion in unauthorized government spending; Defense Department to conduct first-ever audit
David Norquist “Explains” Missing Trillions in Journal Vouchers
Has Our Government Spent $21 Trillion Of Our Money Without Telling Us?
Is Our Government Intentionally Hiding $21 Trillion In Spending?
Exclusive: The Pentagon’s Massive Accounting Fraud Exposed
MSU professor shines spotlight on Pentagon’s massive accounting irregularities