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Pentagon Looses Track of $6.5 Trillion Embezzled “Unaccounted Funds” at Expense of US Tax Payers


By Carl Herman
Washington's Blog

Documentation of US Dept of Defense Admitting ‘Losing’ $6.5 Trillion ($65,000 Per Average US Family), with 18 Year History of ‘Losing’ Trillions. Your .01% illegal Rogue State Government at ‘Work’ Until ‘We the People’ Demand Arrests For Obvious Crimes in War, Looting, Lying

Catherine Austin Fitts just published documentation of Department of Defense (DOD) official audit reports from 1998 that acknowledge “losing track” of $6.5 trillion, along with Department of Housing and Urban Development (HUD) admission of “losing” over $100 billion. This is euphemistically termed “unaccounted,” and literally means that DOD agrees they received these funds, agrees the funds are gone, and then claims to not have records of where the money went.

This is the work of Dr. Mark Skidmore and graduate students; Dr. Skidmore is the Director of the North Central Regional Center for Rural Development at Michigan State University and Professor and Morris Chair in State and Local Gov’t Finance and Policy. Catherine was managing director and member of the board of directors of the Wall Street investment bank Dillon, Read & Co. Inc., Assistant Secretary of Housing and Federal Housing Commissioner for HUD in the first Bush Administration, and president of Hamilton Securities Group, Inc. She has designed and closed over $25 billion of transactions and investments to-date, and has led investment strategy for $300 billion of financial assets and liabilities.

I wrote last year upon publication of DOD’s report. Of course, such “official” looting never happens with lawful accounting because records always show where the money goes. This would be like your bank agreeing they received a $65,000 deposit from you, agreeing the money was gone, and not refunding your account while claiming no further information of this “unaccountable,” “lost,” and “missing” money.

The most common historical explanation of governments “losing” money is, of course, embezzlement to enrich an oligarchy.

$6.5 trillion means how much now?

  • ~$65,000 per US average household, based upon ~$50,000 annual income. This means if your household’s annual income is ~$100,000, your family was looted ~$130,000.
  • Embezzling a billion dollars from a US military project 6,500 times.
  • Embezzling a billion dollars of our tax money every day for 18 years (that’s $10 from every US household everyday).

Please read those three real-world comparisons twice to allow your emotions to feel the outrageous .01% looting of your family.

An Inspector General is supposed to be head of an independent and non-partisan auditing organization to discover and investigate waste, embezzlement, and fraud. They are supposed to act as “watchdogs” to ensure government agencies are transparent and lawful, with power to subpoena and take testimonies under oath.

You may recall that DoD’s claims of trillions of our tax dollars somehow going missing isn’t new, and reported as $2.3 trillion by Secretary of Defense Rumsfeld on September 10, 2001 as “a matter of life and death” the day before a claimed airplane bulls-eyed into the Pentagon’s accounting department, killing the very accountants tasked to find the “missing” money.

3-Minute CBS Report

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War Is A Racket - By Brigadier General Smedley Butler - FULL TEXT





Brigadier General Smedley Darlington Butler  "The Fighting Quaker" and "Old Gimlet Eye." At the time of his death, the most decorated Marine in U.S. History.  More info about General Butler Here.  This totally honest and candid account of who starts wars, who benefits from wars and who pays the price applies today just a much as it did in the early part of the 20th century when General Butler was alive. 



 

 

Please purchase this book and hand out copies to your fiends and family.  It's very inexpensive.  Everyone should understand exactly what war is all about.  It's never about what the war propaganda that starts wars and perpetuates them says it is.  It's always about money, maximizing profits, and the consolidation of power for the very few.
 

 
 
 
 
FULL TEXT OF BOOK
 

 

Chapter One
WAR is a racket. It always has been.

    It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives.
    A racket is best described, I believe, as something that is not what it seems to the majority of the people. Only a small "inside" group knows what it is about. It is conducted for the benefit of the very few, at the expense of the very many. Out of war a few people make huge fortunes.
    In the World War [I] a mere handful garnered the profits of the conflict. At least 21,000 new millionaires and billionaires were made in the United States during the World War. That many admitted their huge blood gains in their income tax returns. How many other war millionaires falsified their tax returns no one knows.
    How many of these war millionaires shouldered a rifle? How many of them dug a trench? How many of them knew what it meant to go hungry in a rat-infested dug-out? How many of them spent sleepless, frightened nights, ducking shells and shrapnel and machine gun bullets? How many of them parried a bayonet thrust of an enemy? How many of them were wounded or killed in battle?
    Out of war nations acquire additional territory, if they are victorious. They just take it. This newly acquired territory promptly is exploited by the few – the selfsame few who wrung dollars out of blood in the war. The general public shoulders the bill.
    And what is this bill?

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Homeland Defense: The Pentagon Declares War on America


State Terrorism directed against the American People and Democracy Itself

By Frank Morales
Global Research

 

Global Editor’s Note

The Department of Defense now authorizes the domestic deployment of US troops  in “the conduct of operations other than war”  including law enforcement activities and the quelling of “civil disturbances”:

Federal military commanders have the authority, in extraordinary emergency circumstances where prior authorization by the President is impossible and duly constituted local authorities are unable to control the situation, to engage temporarily in activities that are necessary to quell large-scale, unexpected civil disturbances…

These developments –which are currently the object of heated debate– are the result of  more than ten years of “repressive legislation” which increasingly points to the “fusion of the police and military functions both within the US and abroad.

 

 

In a path breaking article published by Global Research in 2003,  award winning author Frank Morales shows how the post 911 “Patriot Act” which he describes as a “repressive coordination” had set the stage for the militarization of America, namely “a form of state terrorism directed against the American people and democracy itself.”
 

The “domestic war on terrorism” hinges upon the Pentagon’s doctrine of homeland defense. Mountains of repressive legislation are being enacted in the name of internal security. So called “homeland security”, originally set within the Pentagon’s “operations other than war”, is actually a case in which the Pentagon has declared war on America.

Shaping up as the new battleground, this proliferating military “doctrine” seeks to justify new roles and missions for the Pentagon within America. Vast “legal” authority and funds to spy on the dissenting public, reconfigured as terrorist threats, is being lavished upon the defense, intelligence and law enforcement “community.”
 

We bring to the attention of our readers this path-breaking analysis by Frank Morales

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