National

Corruption!

Entire Federal Budget Now National Security Secret – Dr. Mark Skidmore

Michigan State Economics Professor Mark Skidmore made a stunning discovery late last year. Using publicly available government accounting reports; 

he revealed there was $21 trillion in what he calls “missing money” from the Department of Defense (DOD) and Housing and Urban Development (HUD). 

The data he used has been scrubbed, all accounting records are heavily redacted and now the federal government has declared its accounting falls under “national security.” 

Dr. Skidmore can no longer get the government to respond. Dr. Skidmore explains, “At this point, they are no longer responding to any of my inquiries. 

They are just not answering, and that is very astounding . . . and you can go on and look at the report yourself and see all of it blacked out. I actually lost sleep over that. That really bothered me. . . . Now, they are not even using standard accounting financial reporting rules. They are just moving things around and not telling anybody. So, first, all of this stuff is hidden because it is a national security issue, and now they are just changing the accounting standards. I would ask is that constitutional? I don’t think so. Does it match any of our financial reporting laws? I don’t think so. I am not sure what gives the government the authority to make that decision, and, yet, it’s happening.” 

The revelation that there is an additional $21 trillion dollars that cannot be accounted for on top of the more than $21 trillion officially in federal debt is an astounding number. 

It is probably the most important data point since the Federal Reserve was founded in 1913. Dr. Skidmore says, “It’s a huge amount of money to not be able to explain, and they are not explaining it.” 

Dr. Skidmore says there is a limit to money printing even when all the global central banks are doing it. Skidmore says, “What does it mean when a central bank is buying equities, or buying debt with printed money in order to suppress interest rates and keep this game going? 

I think, overall, the whole world is awash in debt, and it’s expanding at a rate that is unsustainable. The only way it has been sustained is that interest rates have been falling for 30 years. Now, interest rates are no longer falling, and we are running up against a constraint. 

Now, if this $21 trillion in ‘missing’ federal money really represents spending above and beyond what the official records indicate; 

then that has huge financial implications and huge implications for confidence in the dollar as the reserve currency. 

This is an enormous priority to address and not just cover up and say we are all good.”

DYI:  When the crash comes it will be devastating and spectacular at the same time.  Political and economic historians – if they are honest – will place the blame at the feet of a tyrannical corrupt government running amuck. 

I’m still sticking with the premise of deflationary smash first then the government will have the Federal Reserve print like madmen inflating our currency at will.  My suspicion the elites will gin up a world war by placing the blame on the Russians or the Chinese [possibly both] to distract the populous as they systematically loot the already besieged middle class to stem off all of the losses they have created in the first place.

This blog is not a doom and gloom site.  However, when 9/11 happened which was clearly an inside job between factions of our government and the Israeli government it was off to the races for government corruption on a massive scale.  On top of that we have Department of Homeland Security DRILLS at public schools for mass casualty events; no one shot; no one killed or wounded yet being promoted [with the full blessing of the Federal government] AS REAL all acted out by a bevy of CRISES ACTORS with many committing CHARITY FRAUD using Go Fund Me accounts.  Thus TERRORIZING and RIPPING OFF the unsuspecting and gullible citizens while at the same time consultants [salespersons] are besieging school districts selling CCTV Networks, metal detectors, scanners, and an assorted security services all based upon LIES!  Of course these companies will get the THRILL of expanded revenues/profits while the middle class gets the BILL!

How all of this will end up I wish I had those answers.  What I do know is the tried and true.  If you are debt get out of debt as fast as possible.  If you are already out of debt invest in only the highest quality assets such as U.S. government paper/high grade corporate debt, same with stocks, and precious metals such as gold and silver coins.  Also have monies outside of the U.S. as another way to decentralize your hard earned dollars.  Basically is to plan for the worst and hope for the best.  Sorry for being such a doomer; it is how I see it.

 DYI