Don't know if someone has already posted this. A 'little bird' sent it to my inbox. I am just
stunned! I've never heard about this ongoing, ENORMOUS coverup and theft. Anyone else familiar
with this?
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Trillions of dollars are missing from the US government. What's going on? Where is the money? How could this happen? Where are the checks and balances? How much more has gone missing? What would happen if a corporation failed to pass an audit like this? Or a taxpayer? Who is responsible for this? Would your banks continue to handle your bank account if you behaved like this? Would your investors continue to buy your securities if you behaved like this? Learn more in the articles below.
http://solari.com/archive/missing_money/---------
Part VIII –
The Two Great Financial Mysteries of Our Time: Missing Money and Collateral FraudThere are two great financial mysteries in America:
Where is all the missing money and how do we get it back?
How big is the missing collateral black hole and how will it be resolved?
These two mysteries are essentially part of one mystery at the heart of the matter: Who is in charge of—and what are—the real financial flows and assets of the central banking/warfare complex that increasingly governs the resources on our planet?
Since all financial frauds—the manipulation of the precious metals markets, the engineering of the mortgage and housing bubble, ongoing naked short selling, Enron, and the pump and dump of the Internet and telecom stocks—come back to the same cast of characters, our ability to protect our families and assets necessitates an integrated understanding of “the real deal”—who is really in charge and how the economy is really managed. Hence, it is useful to have a basic understanding of the missing money and missing collateral mysteries.
Let's start with the first mystery, the missing money.
In fiscal 1999, the Department of Housing and Urban Development (HUD), under the leadership of Secretary Andrew Cuomo, reported $17 billion missing from its opening balance and $59 billion of undocumentable adjustments to close its books and refused to produce audited financial statements as required by law. In fiscal 2000, HUD refused to disclose the amount of its undocumentable transactions.To get a sense of the magnitude of even the reported discrepancies, this means that the amount of undocumentable transactions occurring at HUD in 1999 was $1.13 billion a week, $227 million each work day and $28 million an hour.
The contractors that ran HUD’s auditing and payment systems also were large contractors at the Department of Defense (DOD), which reported $2.3 trillion of undocumentable transactions in fiscal 1999 and $1.1 trillion in fiscal 2000. DOD declined to report the number for fiscal 2001, and in all years subsequent to the legal requirement to do so, declined to produce audited financial statements, ensuring that the U.S. Treasury could also not do so.
Indeed, the federal consolidated financial statements during this period were delivered with the following admissions by each secretary of the Treasury:
Robert E. Rubin, 1997, Unauditable
"We believe that the publication of these audited statements is an important step in providing American citizens with more information about the operations of their government."
Robert E. Rubin, 1998, Unauditable
"We believe that the publication of this financial report is an important step in providing the American public with useful information about their government's assets, liabilities and operations."
Lawrence H. Summers, 1999, Unauditable
"We are committed to producing and reporting financial information that meets the highest standards of integrity and to provide to the American people the accountability and professionalism they expect from their government."
Paul H. O'Neill, 2000, Unauditable
"I am committed to producing and reporting financial information that meets the highest standards of integrity and to provide the American people the accountability and professionalism that they expect from the government."
Paul H. O'Neill, 2001, Unauditable
"I believe that the American people deserve the highest standards of accountability and professionalism from their government, and I will not rest until we achieve them."
John W. Snow, 2002, Unauditable
"I intend to continue the commitment to producing and reporting financial information that meets the highest standards of integrity and to provide the American people the accountability and professionalism that they expect from their government."
From Kelly O'Meara, "Treasury Checks and Unbalances," Insight magazine, April 2004
The United States Constitution stipulates that no payments can be made that are not provided for in an appropriations bill approved by Congress. Specifically, Article 1, Clause 7 states: “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.”
It is quite significant that the government (and its accounting and payment contractors and bank depositories) engaged in an amount of illegal transactions in fiscal 1999 that was greater than the amount of total taxes it received in that year. It is even more significant that there has been little public discussion of this fact. This is no small violation of the Constitution in a country where millions go without health care and the infrastructure is in disrepair....>
http://www.scoop.co.nz/stories/HL0808/S00344.htm
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