$21 Trillion in Missing Money Could Trigger Meltdown – Dr. Mark Skidmore
By Greg Hunter’s USAWatchdog.com (Early Sunday Release)
About two years ago, Michigan State Economics Professor Mark Skidmore revealed there was $21 trillion in what he calls “missing money” from the Department of Defense (DOD) and Housing and Urban Development (HUD). This was a stunning revelation and the biggest auditing discovery in the history of accounting. Dr. Skidmore, who is an expert in public finance, along with a team of academics, used publicly available government accounting reports and revealed their results in late 2017. In the accounting world, this is like discovering the “God Particle” or discovering a cure for cancer, and, yet, academia is largely silent and ignoring this discovery by Dr. Skidmore and his team. Dr. Skidmore explains, “It’s been pretty quiet. A few people have contacted me. . . . I have asked for professional opinion and have offered to pay for it, and I had one conversation and he never responded again. . . . Similarly, I have done that with other academics to work on this issue. . . . For example, I had a dean of a major business school in the country who I know, and he has a background in both accounting and economics, and his response was ‘yes, there is something really wrong.’ Then nothing, no response to any other inquiries. . . . I haven’t been shunned–just ignored. . . . Other people just sort of weigh out the costs and benefits of the whole thing. They ask themselves what are the benefits of me chiming in on this issue, and what are the costs? They look at it and say I don’t want to be involved. Some people realize there is much more at stake here, and they just don’t want to be involved. That’s what I think is going on.”
The “missing” $21 trillion is a fact, and, yet, it has not been fully understood by the public. What happens when all Americans realize the size of dollars already printed? Skidmore says, “First of all, I don’t think this would be revealed in an official way until there was an underlying backup plan and financial structure in place. If this was acknowledged by someone on the stature of the President of the United States, which I don’t think is going to happen because risks are too high, we are so messed up, it’s possible we could have a meltdown if we don’t have some sort of plan in place to shore all of this up if there are trillions of dollars floating around that people don’t really recognize. I have to believe that other countries know about this and know what is going on and are aware (of trillions of missing money). . . . I am surprised that the global economy has functioned as well as it has for the past 10 years since the last financial crisis. Debt is keeping everything alive and afloat, but how long can we continue that? ”
In closing, Dr. Skidmore says, “The financial crisis that may come in the near future may not be the worst thing. That may be the best thing so we can reset and get a footing in reality and something that has integrity. I am concerned we won’t turn back and move in the right direction. What does it mean to my children when a government can say we can just create fake books and pretend they are real? This sure looks like a giant fraud to me. . . . These unsupported adjustments are a sign of fraud. Why don’t we look?”
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Michigan State Professor Dr. Mark Skidmore, who discovered $21 trillion in ‘missing’ federal money.
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After the interview:
To hear the song “Missing Money” performed by Dr. Skidmore’s daughter, click here.
About the Author
Greg Hunter
Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.
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No need to rob a bank when the Fed will just give you the money.
These elite do not care what we know now because they already have their holes dug in the ground called d.u.m.b.~ “deep underground military bases”:
https://www.youtube.com/watch?v=uEDAE_9v4h0
The target date for these ten creeds of the NWO is 2030 so they are planning on going underground as the world begins killing each other at the rate of over 600 million a year over the next decade to reach their first creed of a population of 500 million left by 2030:
\https://thesecrettruthabout.com/the-georgia-guidestones-mystery/
What these poor elite souls do not understand is that they will be begging for the very same mountains they are hiding in to fall on them when they realize who they were really messing with:
Revelation 6:15-17 And the kings of the earth, and the princes, and the chief captains, and the rich, and the strong, and every bondman and freeman, hid themselves in the caves and in the rocks of the mountains; (16) and they say to the mountains and to the rocks, Fall on us, and hide us from the face of him that sitteth on the throne, and from the wrath of the Lamb: (17) for the great day of their wrath is come; and who is able to stand?
The last 8 years that the “feast of Tabernacles” is a prophesy of will run concurrently with the next decade:
https://sumofthyword.com/2016/10/04/the-rapture-of-the-church-is-after-the-tribulation/
If a person where subjected to ” TAR and FEATHERS ” would that be fatal??
It depends on how long you hold them under.
Tar and feathering is indeed a fatal treatment. The body is deprived of oxygen via the skin. Its not a pleasant way to go.
That is the bottom line. Our system is a joke.
Greg
In your article with Dr Skidmore you ask a very pertinent question….if academia is not going to pay attention to this travesty, why should we send our children to the universities? My son graduated with a degree in Accounting from Washington State Univeristy, I am going to send a letter to the Dean, asking him this same question.
Mike,
Please tell me what they say!! Make sure you point out Michigan State thinks this is quite an accomplishment as the university acknowledge this feat: https://msutoday.msu.edu/news/2017/msu-scholars-find-21-trillion-in-unauthorized-government-spending-defense-department-to-conduct/
And remember the government acknowledges this too as they made this a national security issue with FASAB Rule 56.
Good luck!!
Greg
Remember how Congress passed legislation known as the “Victim Compensation Fund” which gave relatives of 9-11 victims nearly two million dollars each (and charged the defendants with racketeering)?? … let’s also have Congress pass legislation to have the Fed print up enough money to pay every American a “racketeering refund check” (RRC) for $61,764.70 dollars each … under the anti-racketeering RICO laws whereby the defendants DOD and HUD are thus held accountable for the missing $21 Trillion on their books and the American people are made whole again … the new legislation can be called the “Pigeon Compensation Fund”!!
No.
DavidC
Dorry, it looks as if this is in the wrong place – it is meant to be a reply to Greg Hazelton
“If a person where subjected to ” TAR and FEATHERS ” would that be fatal??”.
DavidC
Speaking of something that is fatal … all the Repo money the Fed is printing has just driven the “official price of gold” up by over $1000 dollars in just 10 days … from $7629 on Nov14 … to $8671 today on Nov 24 … see the US National Debt Clock … https://www.usdebtclock.org/ …
Hey Stan … the fake gold price may be in bankster chains … but I am still getting my Christmas rally in the free unencumbered gold market that accounts for all the fed money printing!!! …
I bet when the US National Debt Clock price of gold reaches $10,000 dollars per ounce … the Banksters will feel the price is exactly right to do an over-night re-set!!!
Greg did you forget set back during the Iraq war the head of the defense department admit it and it was on television you can YouTube it he said it was 21 trillion dollars that has gone missing and could not be accounted for.
It was not mentioned at all India tremendous interview about the impending meltdown. Love you program keep up the good work. Be safe be well be blessed Victor Young North Chesterfield Virginia Vic John three three @gmail dot-com of course that was shipping numerals talk to text responsible
Yes Victor, I think you were talking about Donald Rumsfeld (Sec of Defense) the day before 9/11/2001 and said 2.3 trillion was missing in the Pentagon budget.
GREG/DR.: “W’ IS TELLING ME THE CRASH IS EXPECTED BY NEXT SPRING- IT WILL HAPPEN FAST. MIDDLE CLASS TO BE WIPED OUT- THEY AREN’T READY FOR THIS “DEEP STATE’ PLANNED EVENT.
Victor Young, it goes back even further. On Feb. 12, 2001 John Isaacs president of the Council for a Livable World stated, “The inspector general of the Pentagon said there are 2.3 trillion dollars in items that they can’t quite account for. That’s not billion. That’s trillion dollars. $2.3 trillion”
The page has been removed but AE911Truth have a link to an archived copy:
https://web.archive.org/web/20010308024117/http://www.pbs.org/newshour/bb/military/jan-june01/dollars_2-12.html
This is very powerful … as it is written by a writer who has consistently voted “as a Democrat” … someone who has never been (and could never ever consider himself to be a Republican) … he effectively states: “In no way does this article reflect a Republican viewpoint … it is not partisan and brings only trustworthy evidence (rather then hearsay and untrustworthy witnesses, etc.)”… he goes on to say he is a consistent progressive (a person who values truth and nothing less than 100% honesty) and that he presents only personally verified sources and real facts where intense care was taken to check and cross-check and validate all information before accepting it as factual information … a very interesting article “written by an independent Democrat” who thoroughly researched the impeachment-proceedings against US President Donald Trump!!! … https://www.zerohedge.com/geopolitical/ukraine-trump-biden-real-story-behind-ukrainegate
Excellent article, Paul. Thanks for the link.
The tragedy in all this is that the democrats have believed for a long time that Political Theater is what wins votes, not Truth. Rhino republicans believe the same nonsense too, unfortunately. Sad! Very sad! What does this mean for the nation? It means that “The People” no longer deserve to be free. Why? The vast majority are dumb sheep. How can you have a democracy when dumb sheep are so easily brainwashed? Thank God we have a president who can withstand this kind of abuse. Trump, despite his faults, despite the unrelenting challenges and despite the lack of faith, even in this forum, is, at the end of the day, a very courageous man. The sheep don’t deserve him.
Thanks Mr Hunter and Dr Skidmore,just horrifying!Although unsurprising,just look at the army/navy/air bases peppered with the most expensive imported cars,how?
Here in the UK we watch astounded as young American men throw money around like confetti at a wedding all from American security services of some kind.The same is the same for Russian security services and Ukrainian security services all lavish spending on whose dime?
Of course,
“He who can make you believe absurdities,can make you commit atrocities.”
Voltaire
How many more “absurdities”will lead to “atrocities”,we are a society abounding in “absurdities” academia seems to be in the absurdity level.
Here in the UK atrocities abound as do absurdities.
Fake money to pay hundreds of fake “popular up rising all over the globe.” The entire corrupt, “ America Aristocracy,” has been getting a way with mass theft.
The rubber band that holds the Benjamins is just going to snap and then it will be over just like that.
“…In the councils of government, we must guard against the acquisition of unwarranted influence whether sought or unsought by the military industrial complex. The potential for the disastrous rise of misplaced power exists and will persist.
We must never let the weight of this combination endanger our liberties or democratic processes. We should take nothing for granted. Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defense with our peaceful methods and goals so that security and liberty may prosper together.
Akin to and largely responsible for the sweeping changes in our industrial-military posture has been the technological revolution of recent decades.
In this revolution research has become central. It also becomes more formalized, complex and costly. A steadily increasing share is conducted for, by or at the direction of the Federal government. Take the solitary inventor tinkering in his shop. He has been overshadowed by task forces of scientists in laboratories and testing fields. In the same fashion the free university, historically the fountainhead of free ideas and scientific discovery has experienced a revolution in the conduct of research. Partly because of the huge costs involved a government contract becomes virtually a substitute for intellectual curiosity. …..The prospect of domination of the nations scholars by Federal employment, project allocations and the power of money is ever present and is gravely to be regarded. Yet in holding scientific research and discovery in respect, as we should, we must also be alert to the equal and opposite danger that public policy could itself become the captive of a scientific-technological elite….”
President Dwight D. Eisenhower
January 17, 1961
Thanks, Mal. Awesome contribution to this Forum. And thanks to you, Greg, for making this Forum possible. It’s what “informed citizenry” is all about.
Only if people take the time to read it.
Mal, brilliant quotation! Spoken in 1961 – it was so prescient and so relevant that it could have been written today. Unfortunately few, if any, heeded Eisenhower’s warning. Or maybe they (we) were unable to comprehend. To quote from Don McLean’s ‘Vincent’, “They did not listen, they did not know how. Perhaps they’ll listen now”.
So how many suitcases did it take to move that kind of currency? So is it 65,000 each American owes or does the government owe us 65,000. If it’s the later, then I’ll take my cash today. I’m looking to buy a 1955 Chevy Bel-Air. So cough up the money. Thanks for the new car. Southern Patriot.
Wish you had asked the Dr. how he was positioning he and his family monetarily for what repercussions that he believes could arise from this fraud.
LET IT MELT
“Oh, the weather outside is frightful. But the fire is so delightful. And since we’ve no place to go. Let it melt, let it melt, let it melt” A financial melt-down, Just in time for the Holidays. Merry, Merry, Merry.
Greg,
We are truly living on ‘borrowed time’. That means all our freedoms, lifestyle, standard of living must continue at all costs or else. How long can our government defy the law of gravity? Will mere official edicts do ? If so, send in the Clowns:
https://www.youtube.com/watch?v=5os4NFeKFFs
So, we “trust and obey because there is no other way”.
https://library.timelesstruths.org/music/Trust_and_Obey/
If the $ Trillions of govt. debt America has created (printed) were to suddenly rain down, it would have a similar devastating effect on the “American Dream” as the steaming-hot ash cloud when it collapsed upon the town of Pompeii during the eruption of Mt. Vesuvius, Italy in A.D. 79. After such an event, Life would end, as we have come to know it. Few would make it as before.
Are we all now living in “Slavlandia”, as Gerald Celente often claims ?
https://www.armstrongeconomics.com/world-news/taxes/the-hun-for-taxes-sell-leave-before-it-is-too-late/
Pascal’s Wager Should Apply to Americans:
https://en.wikipedia.org/wiki/Pascal%27s_wager
THE AMERICAN HIGHWAYMAN
A network ( only open to police officers ) called “Black Asphalt” allows officers in one state to flag a vehicle going to another state as to the likelihood they have cash in-hand. Then, the fellow officer pulls over the subject car and driver and conducts a search under the authority of a traffic infraction and you must surrender your cash. It is assumed to be the result of a criminal enterprise. Of course, you are free to go afterwards. Legal Recourse: File a Civil Lawsuit against the Department to recover your cash. Nice Christmas bonus?
This is called a “civil asset forfeiture” (happens somewhere every single day of the year to the tune of $ billions nationally). In half the instances of civil asset forfeiture on the road, reportedly half is for $9,000 or less. Hardly enough to even buy a brick of cocaine, I imagine. Fleece the little guys.
https://thecrimereport.org/2014/09/09/2014-09-police-intel-on-cash/
Hi Greg,
Great interview with Dr Mark Skidmore – thanks.
After your last interview with MS, you honed in on the $21tr missing money as being, “in addition to the national debt” – at the time, circa $20tr. I wrote a comment that, in my opinion, the missing $21tr should not be regarded as additional debt, but more correctly as funds misappropriated (stolen) from authorised budget allocations.
Clearly, I misunderstood how huge (no adjective adequately applies to the numbers MS reveals 3:30 into the interview) the undocumented adjustments were in comparison to the corresponding budgets. I naively assumed that the adjustments were on the high side of accepted norms – say 10%, rather than a conventionally acceptable 1%. However, MS articulates that in one year, 2015, the army budget was $122 billion and that the government published accounts (since removed from the internet) show ”unsupported adjustments” amounting to a truly staggering $6.5 trillion – the adjustment was not a fraction of the budget but exceeded the entire budget by a multiple of 57!!! Using numerals may put this into some kind of perspective, army accounts for 2015:
Budget $122,000,000,000
Conventionally acceptable maximum undocumented adjustments (1%) $122,000,000
Actual undocumented adjustments $6,500,000,000,000.
Since this money was not allocated to the army in the US budget for 2015, it must have been ‘printed’ into existence and, since all fiat currency created is an IOU with interest attached, I must retract my earlier critique and agree with you that the accumulated ‘undocumented adjustments’ uncovered by Dr Skidmore and his highly qualified team of researches does in fact add to the national indebtedness.
This whole sorry mess represents an extreme abuse of the world’s reserve currency and Governments external to the US will have taken note. Dr Skidmore is clearly a brave man. Bravo!
Thanks for the update from Dr. Skidmore, Greg! It’s always great to have his calm, thoughtful demeanor on your show.
Here is the essential problem: All debt based economies are based on one thing: CONFIDENCE IN THE FUTURE. If people lose confidence, they stop investing, they stop buying, deflation takes over, economies collapse. Now most who have studied economics already know this. What is seldom spoken of are the social, political and cultural implications. What a debt based system does is make every politician in a democracy a pathological liar. I hate to be so blunt, but it’s a fact. If politicians don’t paint a pretty picture for the dumb sheep to marvel at, they won’t be elected and they won’t be able to carry out their mandate.
What does this do to a whole civilization is worse. It creates a civilization that worships lies and deception. That’s why nobody wants to join Dr. Skidmore in his fight for truth. It’s too risky. It’s also why the democrats can get away with telling lies, year after year after year. It’s a cancer, the sign of a very sick society. The missing $21 trillion, then, is simply symptomatic of a people that don’t want the truth. They want illusion. Sad but real!
Turning to the question you asked as to when everything will collapse, that’s obviously a tough nut to crack, especially in a world based on lies. But here’s a recent video from Kyle Bass which is worth watching. It suggests that 2020 will be relatively calm. Though President Trump is “holding all the cards” and would probably like to bankrupt China (as Reagan did Russia), he can’t. If he does, the US economy will likely implode as well, the S&P will crash, he won’t get re-elected and everything he has accomplished so far will be undone. So whether he likes it or not or whether we like it or not, he has to play the game of kicking the can down the road. Once the election is over, it’s a whole new ballgame.
So get ready for 2021. That’s my bet. Gold will probably trend sideways for the year (barring some black swan event), possibly retest its break-out point last summer, then bottom out in June/July 2020, then take off like a rocket around September. Just a guess. All lot of people will be expecting hell to break loose after the election.
China: The most reckless financial experiment in history. https://www.youtube.com/watch?v=4s6wC6PbpLI
I tried googling a recent video of Putin claiming that the USD will collapse soon. I could not find it. So if anyone has a decent link, that would be great.
What should be said is that the USD is not controlled by the Fed. It has been controlled by the Elite since 1913 to bring about one-world-government. Now according to Bannon, Bass, Spalding and others, the Elite is controlled by the CCP. Yikes! The big question is whether President Trump has been able to gain some degree of control over the Fed with his recent appointments. Who knows?
If there was ever a “Black Swan” that could turn the world upside down, it would be the CCP going to a gold-backed currency to recapitalize their banking system AND proving up the 20,000 tons of gold they supposedly have. If they do have this gold, this could quickly bankrupt Western economies and put China in the driver’s seat. Will they do it? They certainly can’t have another 4 years of Trump. But maybe that would be an invitation to WWIII. Hmmm! This 4D chess match is very difficult to predict.
H P,
https://www.infowars.com/vladimir-putin-sums-up-new-world-order-in-5-words-us-dollar-will-collapse-soon/
Greg
Brave man!!!!!!!!!!!!!!!!
May the Almighty Lord guide and protect you and your family, Dr Skidmore.
“Jeffrey Epstein’s suicide was a ‘perfect storm of screw ups’, says AG Barr as he reveals he’s watched footage that shows no one else entered his cell – and warns FBI are getting close to bringing charges against anyone who helped the dead pedophile”.
This is simply not good enough!!! Trump’s man was in charge of the prison in which Epstein was killed.
Why did Trump not protect this vital witness?
No we have to listen to Barr’s lies. We were told their was no surveillance footage. If there is why has this not been publicly released. WE ARE NOT STUPID!
The only defense is if Epstein’s death was faked and he was moved to a secret location so that he can provide evidence in secrecy. I do not think this is likely as they are now prosecuting two innocent prison guards. Why would they prosecute two innocent prison guards if they know he is alive to provide evidence?
The only other possibility is that Epstein wasn’t killed and was removed with the intention of him NOT helping with the investigation. In that case they could prosecute the two guards without conscience.
Can we now stop with the BS about Trump fighting deepstate. He is up to his neck in the swamp.
https://www.dailymail.co.uk/news/article-7714263/AG-Barr-Epstein-s-death-perfect-storm-screw-ups.html
Uncommon Sense,
Epstein filmed everyone in their debauchery, undoubtedly for extortion purposes. Where are the tapes ? Who is involved ? Are any of the children killed on tape or missing now?
Extortionists survive because they make multiple copies of the tapes and have confederates involved who can release the tapes in the event of harm coming to the extortionist (Epstein). Who are his confederates ? The Mossad? The CIA? Who?
The confederates still have copies of the tapes.
The FBI supposedly raided his NY apartment, his Island in the Caribbean and his New Mexico Ranch. What did they find there? Did they get copies of any tapes? Is anyone on those tapes going to get arrested? Bill Clinton visited the island twenty something times. Supposedly hundreds of powerful people did. Who are they?
My bet is that Epstein is still alive and Bill Barr knows it. As the old song goes “Nothing from Nothing leaves nothing”…. and justice and the lives of children mean less than nothing to these folks. I had hoped Barr would take his role as the Attorney General seriously, but he seems to be a mob type fixer. I pray he proves me wrong.
I feel like the attention on Prince Andrew (though warranted) is likely to be diversionary tactic to draw attention away from the senators etc. across the pond, implicated in Epstein’s circle.
You have never fought a war, have you, Uncommon Sense? The #1 rule about war is that it is highly unpredictable. And let’s face it. The USA is at war. It’s been that way for a very long time, but especially the last 25 years.
I’ve followed your arguments. They’re sound. I too, have had my doubts, more than I’d like to count. But to say that President Trump is part of the Deep State is a leap of faith that only religious fanatics are capable of.
To quote Rene Descartes from 500 years ago “If you would be a real seeker after truth, it is necessary that at least once in your life you doubt, as far as possible, all things.” Calm, questioning doubt is healthy and I salute you in that regards. But the problem we all face is that none of us are on the front lines. The best we can do is try to discern what is really going on from the bleachers and that is very hard to do.
My take is exactly the way Steve Bannon paints it in this video: https://www.youtube.com/watch?v=qH5QzuzD01A
Point#1. The Elite controls America. That’s been the case since 1913. Point#2. The Chinese Communist Party (CCP) produced a document 25 years ago aimed at how to defeat American in a war. They realized they could not win militarily. But they could win an economic and information war. That’s what they started doing 25 years ago. The result? It’s the CCP that now controls the Elite. Point#3. The Elite and the CCP have trillions of dollars behind them. That’s partly what Dr. Skidmore has revealed, and if they can’t print enough money, they can steal it with accounting gimmicks. So to try to fight that kind of enemy is unfriggenbelievably difficult. Point#4. Trump is not a stupid guy. He knew the battle he’d have to fight. I can’t prove it, but why would anyone want to fight a battle against an established Elite, unless you thought you could win? Point#5. No president has the time to babysit every situation happening around the globe as well as his own backyard. This is where your argument falls apart. You assume that he can or he should. Not wise. It may very well be that Barr has defected to the other side. Who knows? $21 trillion can buy a lot of bureaucrats.
All I know is that I’m not willing to thrown in the towel just yet. Do you know that by 1781, George Washington had lost most of his battles and was having to deal with traitors defecting? That’s 5 years into the war. Washington was, at that point in history, a total loser. Did he give up? No, he pressed forward. And the history of the whole planet was changed forever.
So is that who you are? Somebody who gives up? You will have to decide! Either you believe in the cause of freedom or you don’t. And freedom is never won by stupid, blind sheep who shit their pants at the least sign of opposition. It’s won by people who have courage.
Like you say, we have to attempt to read between the lines when looking in from the outside.
Of course one has to work with what we know and it may well turn out that Trump is a genius strategist that is playing 4d chess in order to win a war.
That being said, I think that the simpler explanation (AKA Occam’s razor) is that he has either been compromised by the deepstate or was their boy all along.
The danger with your line of reasoning is that Trump could unleash all manner of tyranny and it could all be explained away as 4d chess or Trump deceiving his deepstate opponents. In effect giving him carte blanche to do or say whatever he pleases.
You make a good point about Barr. Perhaps he was turned. I liked your analogy with Washington as well. Let’s hope it is a well deserved comparison.
I did find it strange that he was quick to blame the Iranians for the attacks on the Saudi oil tanker and refinery despite the lack of evidence yet he tried to defend the Crown Prince over the Khashoggi murder. I think that the only point that we can be certain on is that Trump is a liar. The only question is is he lying for the greater good or because he is corrupt.
Dear Greg,
Thank you for your recent interview with Dr. Mark Skidmore. I particularly agree with you, that Dr. Mark Skidmore is a HERO, PATRIOT, and is BRAVE and COURAGEOUS beyond belief. Dr. Skidmore is clearly a man of the highest INTEGRITY. What we need to change things is, 100,000+ more people like you and Dr. Skidmore.
He has uncovered facts, as well as evidence that are hard for most of us to not only comprehend, but also, to UNDERSTAND. After your interview with Dr. Skidmore, it is obvious that there is plenty to be distressed and concerned about, especially regarding the future of children and grandchildren. Thank you again for hosting this interview.
God Bless You Both! We send out our prayers of protection for you, Greg; as well as Dr. Skidmore, and for your families.
Greg,
I appreciate the interview you have done with Dr. Skidmore, but the truth is, you don’t have to go very far to find theft in the government. It’s been going on for quite sometime for those who have been paying attention.
https://youtu.be/cJqM2tFOxLQ
I have come to three conclusions.
1. If you want to rob a bank, you don’t need a gun and a mask. All you need is a three piece suite and a cheap lawyer.
2. Debt doesn’t matter. In the senate hearing posted above , the major concern was about 1.3 trillion dollars in missing money from the federal reserve. In today’s environment, that’s couch change.
3. In today’s technological environment, debt is just a number in a computer, and if you tell the same lie long enough, everyone will believe it.
When I was a kid, a billion dollars was considered a lot of money. Now we throw around trillion dollar figures like its pocket change, and talk about quadrillion dollar debt as something sustainable. Reality sailed away along time ago on the good ship lollipop.
And then you have the Chicom’s redefining what real virtual currency is.
https://uk.reuters.com/article/china-blockchain-shanghai/pboc-shanghai-hq-says-to-crack-down-on-cryptocurrency-trading-idUKB9N251022
If debt doesn’t matter, and everything is free according to uncle Bernie, why am I still working and paying taxes? I want to live in munchkin land to!
You people worry too much about ‘Economic Melt Downs” and such! I welcome a return to the reality I was born into. I will turn 75 in March. I had a perfectly happy childhood and life. We had no health insurance, the Doctor made house calls for $4 per visit. We had one closet of clothes and a few pants and shirts. My grandfather had a big garden. We had 4 kids and I remember going with my mother to the A&P supermarket getting two carts of groceries and her forking over $15. Our life centered around the church. We went to the movies for $.25. A year’s dues at the YMCA were $7.50. It cost 10 cents to ride the city bus. My paternal grandmother served lunch every Sunday. On Saturday she went into her chicken lot and got the fattiest hen and slung it round and round snapping its head off. She churned butter on Thursdays. Wednesday was wash day. We had the chicken for Sunday lunch. Then we played ball and rode bikes. I played little league ball for 4 years and Babe Ruth league for 3 years and it didn’t cost me a dime except for the $15 ball glove that I still have today. My grandson pays $200 for one baseball bat today! Happiest days of my life. Money was of little concern. Get my drift? Life is not about how much money you have, it is about who you spent it with. I am like Burr rabbit in Uncle Remus stories. Please Mr. Banker, don’t throw me into the brier patch! I came into this World empty handed and I have no fear of leaving it the way I came in. As the saying goes: “Money can’t buy happiness!”
Wonderful comment and well said. Thank you.
The only thing I would add is that every generation has to fight its own war. The War of Good and Evil is eternal. Either we fight it or we don’t. It just so happens that the War against the Deep State is our fight. Either we fight it or we don’t.
America will be purified. It’s part of The Plan.
Imagine of your children and grandchildren 10 years older…. and living in China, the model of the financial elites.
Nothing will be resolved until they are removed.
INCREDIBLE! This rates up there with:
“Trump drops repeated threat to jail Clinton: ‘She went through a lot’ ”
Barr Ends All Conspiracy Theories: Jeffrey Epstein Killed Himself In “Perfect Storm Of Screw-Ups”
https://www.zerohedge.com/political/barr-ends-all-conspiracy-theories-forever-saying-epstein-died-series-coincidences
If you think Barr is a white hat who is going to arrest the “bad guys” you are beyond naive!
This whole Barr thing stinks to high heaven. How are the Trump supporters rationalizing this?
Un,
Let’s see what he does with the coup first? The whole Epstein thing does suck out loud though.
Greg
“21 trillion missing money”………… naw the Federal government knows where every penny went
THEY just dont want the GDP (the taxpayers ) to know where all the money went.
“The numbers are so large it is hard to comprehend”
I am sure the bankers the US government borrows the money from can account for it to the penny
“This sure looks like a giant fraud to me. . . . These unsupported adjustments are a sign of fraud. Why don’t we look?”
Why ……..because the biggest “pay to play” involves not the small potatoes of the Ukraine (millions ) but what the globalist bankers & the globalists ( billions ) who control our corrupt US POLITICIANS
Greg our “fraud” is political & can & will go on for a long time as long as the Fasbe ( sp) 56 is used it will not end till the bankers run out of digits. The USA suffered a banking coup in 1913 & it is just now coming to light but the GDP are too stupid to see it. That is the biggest “pay to play ” there ever was & IS…. & the corrupt MSM will not touch it with a 10 foot poll . I vonder vhy?
Greg, Why is no one concerned? no one involved? the issue ignored? Without God there can be no standard of truth, without truth, there is no integrity. Illusion becomes the desired element in which to live as illusion requires no accountability, as it leads us into greater evil which will result in ultimate destruction. Fraud becomes acceptable because ignorance is desired: among the masses, among government, even among the church. The most fertile ground for evil is the ground of mass illusion where no one cares. Where are we going? God has given us an opportunity to consider and change our ways, to return. If we ignore that, then only judgment can result.
Thanks Greg. Dr Skidmore truly did a good thing in discovering the missing $21 Trillion. That’s a huge number. Is anyone paying interest on that money?
You are correct Russ! Thanks for weighing in.
Greg
“You have opened the hole” but you are not close to the bottom. PROF
A fraud “ends quickly” when the justice system is not complicit in the fraud. The shock of rule of law restoration would be greater than the official recognition of massive accounting fraud. People know that something is wrong but they feel helpless to do anything about a problem of this magnitude. The most shocking statement by Trump is that “we got all the swamp”. It will be a shot heard round the world when justice comes to the swamp.
To quote a line in a Tom Cruise movie “Everything that ends, ends badly or else it wouldn’t end.” Dr Mark says the crash of the economy is OK as it would help usher in a better system, but the question is; will it go down the right path.” Yet according to the Bible in Mathew 24 it will implode the entire civilization, with the end result that the Kingdom of God will be ushered in.
Good thing no other government agencies have any “missing” money.
Greg: Do you really think a 21 trillion accounting mistake would not be caught by the GAO or other entity? Please, only people like Jerry would believe this.
Stan,
You are a fact resistant idiot. Michigan State University acknowledged this. I have posted a link before and I not doing it again. The government acknowledged this with accounting rule FASAB 56. Search Skidmore and Catherine Austin Fitts interviews on USAW and elsewhere for detailed proof. Not posting links to that either, do your own homework. Don’t just shoot off your mouth here and show your profound ignorance. Enjoy your Bentley while you can before you have to liquidate it to pay for your stupid trades.
Greg
Sorry Greg – I was just being the devils advocate
Stan,
You are advocation pure ignorance of facts.
Greg
You are being trolled, that is all. Sometimes it’s better just not posting a trolls comment.
Rod,
You mean “Stan”?
Greg
No one ever states exactly “who” the money is owed too.
Why won’t anyone simply state “ the money is owed to the non -federal , federal reserve”. Why won’t anyone tell the people about how their future taxable labor is used as collateral for all the borrowed money. I really appreciate the info you bring forth, it certainly helps fill in the blanks, as I research the strawman . Mike
The missing money has been funneled thre the big corporations so they will act like the boogy man and scapegoat when the money has gone to build underground bunkers and transportation systems. Governments all know the Galactic species extension event is coming with rogue planet and its 3650 year now getting close enough to cause geological chaos.
NASA admitted it around 1985 and it was quoted in newspapers until someone tied all the calamities like Noah’s flood with the planets passing. They wont tell us because nobody would go to work and the world economy would evaporate with all hell breaking loose.
THATS the reason to ban ar-15’s because it’s the perfect politician correction tool. Imagine 100,000
People showing up in D.C. to clean house. Wonderful.
Skidmore analysis of the malfeasance of “missing money, “ should not be dismissed, but, unfortunately, POTUS will not do anything about it.
He is complicit in the skyrocketing national debt, a result of his bad policies such as the tax giveaway to corporations and the rich. The giveaway didn’t result in the much vaunted growth of GDP that he promised would offset the debt. It was, at best, a sugar high that inflated the stock market – a binge of stock buybacks and a wealth boon, to a few.
We should not be surprised that Trump doesn’t care about debt, Trump businesses are based on OPM (“other people’s money“), as he once candidly admitted. Little wonder, US banks stopped lending him money and he went foreign sources including Deutsche Bank.
The Trump farm bailout is now more than double that of Obama’s auto bailout. GOP hypocrites, who cried foul back in 2009, have now conveniently gone silent on the socialist farm subsidy and The
farming depression today. The auto bailout, at least, saved and added new jobs that resulted in the auto sales boom up until Trump. On the other hand, the farm subsidy is a result of Trump’s ill conceived “easy to win” trade war. In providing farmers with handouts, he is hoping rural America will turn up to vote for him next year.
Where are the fiscally responsible conservatives who once roiled against socialist market intervention and subsidies?
HAPPY EVER AFTER ??
Dr. Mark Skidmore suggests a financial reset might not be so bad, even if it results in mass hardship. He is correct in the current debt based economic set-up can not persist forever, but it already has persisted longer than he though it could, to his and our surprise. So, we live until one day, we die.
One afterthought about Dr. Skidmore’s accounting and academic colleagues ignoring his Govt. Budget research and either ignoring him or softly shunning him ( no replies ). Its ingrained and cultural. The status quo is the safest place to be in the intermediate term. Nobody will attack you for blending-in. So, there is fear of the unknown or maybe just professional complacency.
This really is symbolic of today’s contemporary America. If you think independently and talk about your views with others you often are the odd man out. Being seen as usually out-of-the-mainstream which often as not, exposes you to disparaging comments or gossip (behind your back). You will be marginalized. Who wants that? So, its just way safer and easier to conform with the mainstream views and practices and blend-in. Nobody wants to become a “bump on a log”.
Incidentally, the same social dynamics existed during Hitler’s rise to power in Germany in the 1930s, as well. Everyone just stuck their arms out in front of themselves when in public like the rest and blended-in. Sig Heil ! However, they all suffered greatly when Germany lost WWII. East Berliners lost big time. So, there is a price to pay for a nation that goes down the wrong path and its always a voluntary choice. This is a world of consequences. Secular government is not benevolent government. We have made our collective choices. God Help US !
In this Twilight Zone, nothing really makes much sense. Fake accounting, Fake news, Fake profits, Fake budgets, Fake elected officials, Fake Impeachment. Everything is permissible and upside down, as well. Disorderly Society and a fragmented society evidencing not just late cycle Bull Market, but late cycle Democracy. The Greeks (Plato) believed what historically comes next is always an Autocracy. The ancients may be right.
As far as a reset, how that might turn-out depends greatly upon who happens to be in-power when the game ends. It would be best if it happens under President Trump’s watch, but he might not agree at all on timing. In addition, a reset does not necessarily mean any more government budget transparency, just more transparency about you. If its the Democrats in-power and someone like Senator Elizabeth Warren in-office when a financial (currency) crisis occurs then we might end-up with a fully centralized and controlled socialistic economy with much higher taxes and much lower living standards for the indebted Middle Classes. Slavelandia or just Huxley’s Brave New World ( society addicted to debt and Hedonism).
The poor and homeless will still be SOL and the ultra rich (Billionaires) will still take (good) care of themselves. However, with other foreseeable changes like a cashless society powered by fintech developments such as a digital (blockchain) currency from the FED or private bankers replacing banknotes you can see a much different America resurfacing.
So, its easy to envision a tightly controlled national economy with no loopholes to hide in and few places to go for privacy or confidentiality post reset. Big Bro could take-over the entire country and the Left ( including George Soros ) is just waiting for the right crisis to spring a new Global Order upon the masses. No more Constitution in-practice, no due process or jury trials, no more Liberty, no more America.
We might be just become similar to Mainland (Communist) China today with Reeducation Camps for those with “sick thinking” ( non-conformists or oddballs). Everyone equal, all ‘think’ the same. No social conflicts. Malcontents just disappear. Pravda for News and Shangrala for the rest. Happy Ever After. Senior citizens like myself would not accept such radical changes well or at all.
So, they would have to pull-the-plug on HMO Medicare Advantage patients. Not worth all the money near end-of-life to keep a bunch of disagreeable old folks around (Euthanasia). Soyolent Green. Work and invest in the young people who are all “new” and “don’t know” (the difference).
H,
Length??
Greg
WOW! Just WOW!
Greg:
First some BIG question(s) came to mind as I watched this mind-blowing interview:
Does that $21 trillion appear on the Fed’s balance sheet, or is it off the books there too???
Were there Treasury auctions to account for this???
Or was it somehow created / manufactured from another source???
When did these “off-the-books” (for lack of a better term) expenditures first begin in earnest?
It’s not like this represents an unfunded liability – this is “money” already spent.
Now, having been spent, some more questions – where did the money go (the classic “waste, fraud and abuse” is wholly inadequate):
Did it go for more “off the books” bailouts of financial institutions, here and/or abroad?
Bailouts of governments?
Under the Obama administration, off-the-books “aid” to Iran, the Muslim Brotherhood and/or other Islamic interests?
Did any of it go to the “Clinton Foundation?”
All of the above (and more)?
Finally, whether one believes that the whole fiat currency / central bank model is intended to fail after a period of time, or not, this appears to me to be an indisputable sign that this “Humpty Dumpty” system is now in its terminal stage.
P.S. Kudos to Dr. Skidmore for having the personal, intellectual and academic integrity to bring this into the sunlight.
When will people ever learn that government is the biggest rip-off there is?
Yet people reflexively turn to government to solve all of society’s ills.
As a result government gets bigger, more powerful and of course, more corrupt.
Thank you Greg Hunter, thank you Dr. Mark Skidmore, and thank you Maria Skidmore for your awesome song! Greg Hunter’s “community” is the best!!
So, You Don’t Think Were In A unCivil War?
Just ask Rudy;
Giuliani Says Biden Documents Released ‘If I Disappear’
By Ros Krasny: Updated on November 24, 2019 12:38 PM
Fox interview downplays suggestion Trump will dump him
Actions in Ukraine have been a focus of impeachment inquiry
http://www.msn.com/en-us/news/politics/giuliani-says-biden-documents-to-be-released-if-i-disappear/ar-BBXewkq?li=BBnb7Kz&ocid=HPDHP17
Pascal’s Wager
We should all review our individual position in relation to belief in God and what the price is of being wrong about the unknown. Pascal had a very logical decision making process applied to a “philosophical” subject (faith in deity) using mathematical and physics concepts. He was a independent thinker and scientist ahead of his time and one who had a multi-variate approach to problem solving or analysis, as well.
Unfortunately, France took the wrong fork in the road starting with the French Revolution and resulting socialism (Fraternity, Equality, Liberty). Modern Marxism was first introduced by intellectuals in France during this period. Thus, we have been infected or contaminated here in America, depending on your point-of-view (perception).
https://plato.stanford.edu/entries/pascal-wager/
Please ask Dr. Skidmore to go after the low hanging fruit and request the HUD records? Our government is financing “white flight” by paying the big banks the difference for the extreme discount in millions of home prices to those who couldn’t legitimately qualify for a home. Actual principle is just forgiven. This is nation wide, still growing and collectively in the Trillions. If you think housing and auto subprime is ominous, you ought to check out the Fast Food Subprime Mortgage. That would be McDonald’s, Burger King’s, Taco Bell, Kentucky Fried Chicken, etc.. Government Guaranteed financial institutes called CDFI or Community Development Financial Institute banks (Wells Fargo, etc.), finance to minority recipients that do not have enough money or credit to qualify. This also consist of Apartment Complexes, Gas Stations, Convenience Stores and Motels. In act since the 1970’s it’s in the Trillions. Thank you Greg.
Greg, Not looking too good for the Bidens at this point…
https://www.zerohedge.com/geopolitical/state-department-releases-detailed-accounts-biden-ukraine-corruption
Also- I have caught drift of a Bahamas Papers coming not unlike the Panama Papers?
hmmm – who lives in the Bahamas?
http://listofbanksin.com/List-Of-Banks-In-The-Caribe-Bahamas.htm And what other off shore banks in the surrounding islands are there in the Caribbean.
http://listofbanksin.com/ListofBanksintheCaribbean.htm
Could it be POTUS Trump has an ‘asset forfeiture’ Christmas surprise coming?
or just that Bloomberg is stepping into the Presidential race?
https://www.zerohedge.com/economics/bloomberg-news-announces-it-will-no-longer-investigate-any-mike-bloombergs-democratic
Blowback-Gladio- rat-line kids now are who?
TruthLeaks – Investigative Journalist George Webb @GeorgWebb · 23h23 hours ago
Maher Bitar seems to work in the UK so we have to be thankful he came home to be by Adam Schiff’s side until the next staged color revolution
TruthLeaks – Investigative Journalist George Webb @GeorgWebb · 6h6 hours ago
I will be on McDuff Channel for a Special Sunday Show – McDuff Told You Dulles-Lebed Ukraine Group of Nationalist Ukrainians Was Still Being Used By CIA/MI6. Now the Impeachment Kids Proves He Was Right.
“Impeachment Kids Prove I was Right!”- Special Sunday Report with George Webb =
https://youtu.be/x3JEsTzwNrY
WHAT MEANS MORE: -$21 Trillion Dollars or God ?
https://www.biblegateway.com/passage/?search=Proverbs+9%3A10&version=KJV
“The fear of the Lord is the beginning of wisdom: and the knowledge of the holy is understanding”
Intellectuals or “Academics” like PhD Economists Bernanke, Yellen, or Powell are not the best leaders or policy makers. The truth goes much deeper than mere “experience” in the private sector or not. But why:
Knowledge= (Academic) Facts
Wisdom = Application (practical experience)
Understanding= Result
Biblical or Godly Wisdom is all three, not just 2 of 3 possible defining attributes.
Good or exceptional leaders need all three personal attributes to qualify or make the cut with The Almighty. Close does not count- no cigar. Its graded only on a pass-fail basis. No A, B, C, or D Grades assigned.
REF: https://www.youtube.com/watch?v=HtAKMN6nvBU
(Dennis Prager on Why We don’t have Freedom of Speech)
Dear Greg
Please could you post the link to Dr Skidmore’s daughter Maria’s $21 trillion song.
Many thanks for another excellent interview.
Stewart and Kate Henry
https://www.youtube.com/watch?feature=youtu.be&v=PyDbkRYJ1zc&app=desktop
I’m not voting for Trump in 2020 despite having voted for him in 2016. He has proven to be part of the Swamp. No rule of law for those who rule over us. I’m not voting at all. It’s all bogus and designed to keeping people thinking they’re free & empowered.
“I”
So you are wanting the commies tom take over? Brilliant!!
Greg
two very patriotic and courageous people: greg hunter and dr skidmore.
Hi Greg
Great interview and I truly believe an additional $75 Trillion has been spent vs the additional $21 Trillion.
Vladimir Putin: “The Dollar Enjoyed Great Trust Around The World. But For Some Reason, It Is Being Used As A Political Weapon, Imposing Restrictions. Many Countries Are Now Turning Away From The Dollar As A Reserve Currency. US Dollar Will Collapse Soon.”
As the old saying goes a rat will never rat out another rat. Trust me bothe Russia and China are doing the same thing x 100
WOW! Chris’s dad must be turning over in his grave!
Fox host calls out GOP senator for pushing conspiracy theory
Yahoo News: KADIA TUBMAN Nov 24th 2019 4:03PM
https://www.aol.com/article/news/2019/11/24/fox-host-calls-out-gop-senator-for-pushing-conspiracy-theory/23866899/
Fake New’s. Our bought and paid for, Mocking Bird brain dead press. Destroyed Sarah Palin, over this. Thus enabling Barack Obama, to be our first Black president. Taking the title from, William Jefferson Clinton. Who obviously, wasn’t black. But rather, pale in, need of a tan!
As our ex soviet Ukrainian friend, Yakov Smirnoff , now Americanski, used to say. “WHAT AH COUNTRY!”
Can You Really See Russia From Alaska?
Yes, but only the boring parts.
By NINA SHEN RASTOGI SEPT 15, 2008
https://www.cntraveler.com/story/yes-you-can-actually-see-russia-from-alaska
I had to laugh when Dr. Skidmore said a crash or reset might be a good thing so we can start over. That’s what the American Indians thought with every new treaty that put them farther and farther into a corner.
Let’s be real. The “reset” will be a cashless deal, preferably with a chip implant where if your social credit score isn’t good enough, your “money” is turned off. The “reset” will likely be the “Mark of the Beast.”
At least here in Utah and a few other States, gold and silver are legal money (on the books at least.) It might take a civil war to quell the uprising of those of us determined to use gold and silver money but “Every Warrior hopes a good death will find him.”
Excellent interview to our Hero Dr. Skidmore and our beloved Greg Hunter~
I have been in Accounting for many decades. Sometimes a person’s reaction to it is as if one hears about a major storm hitting another part of the world where they know no one and cannot relate. Detachment is the word, I believe. However, if that damaging storm is headed straight to you or to your family or those you know — then the words might be: Fully Engaged! … Upon reflection I felt a real shudder…….thinking of Building 7 and the rumors of what was in that building and its possible reason for “take down.” Gosh, could our whole monetary/economic system be “taken down” to cover up such things which could include what Dr. Skidmore and his team uncovered? Perhaps the phrase then might be: “It was coming down [soon] anyway.” Do we really live in such fatalistic times?
Thank you Annie!
Greg