Government Loses $21 Trillion….Yes….$21 Trillion

by Chris Marcus, Miles Franklin:

Just when you reach the point where you think there’s nothing left out of government that can still surprise you, news breaks that they’ve lost $21 trillion.

Yes. You heard that correctly. $21 trillion.

Not $21 million, or $21 billion. But $21 trillion.

Michigan State PhD economist Dr. Mark Skidmore and economist Catherine Austin Fitts have both gone through the numbers and come up with $21 trillion of undocumented adjustments between the Department of Defense and the Department of Housing and Urban Development.

If you have not yet heard Skidmore’s interview with Greg Hunter of USA Watchdog, it’s truly stunning and worth your time. Because when you hear a number like $21 trillion it’s easy to dismiss it out of hand while thinking it’s simply not possible.

However listening to even a few minutes of the interview quickly reveals that Dr. Skidmore meticulously crunched the numbers and came back with stunning results. In fact it’s worth noting that when he first heard of a missing $21 trillion from Fitts, he actually didn’t believe it could be true and was aiming to disprove the report.

Yet just like how all of the political speeches in the world don’t change the numbers behind the U.S. fiscal and monetary problems, Dr. Skidmore found the numbers in this case also painted a clear picture.

Now if you were expecting the government to somehow explain the situation, just wait until you hear what else Dr. Skidmore reported. Apparently, rather than launching any sort of investigation, so far all the government has done is to remove the documents Skidmore cited from their website.

At this point news of fraudulent accounting out of the government hardly raises an eyebrow anymore. Yet just the sheer magnitude of the amount of money that has gone missing is beyond belief.

Amazingly enough there actually is a precedent for the military announcing large amounts of unexplained missing money. You may recall that on September 10, 2001 Donald Rumsfeld announced that the Pentagon had lost $2.3 trillion. Yet with the World Trade Center and Pentagon attacks occurring the next day, the story quietly faded away.

But now there’s an even bigger missing sum of money which is startling and disturbing to say the least. Even aside from how ridiculous it is that the government could lose $21 trillion and then remove the evidence, what does it say about the numbers the Federal Reserve has been producing about the money supply?

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