Dr. Mark Skidmore thinks the federal accounting of $21 trillion in missing money is crazy and far outside the realm of normal. So, is this a legitimate U.S. national security issue? Dr. Skidmore, who holds a PhD in Economics, says, “Yeah, and that is one of the reasons I decided to look at this. How can this be, and what does this mean? If trillions of dollars are flowing in and flowing out, it appears to be outside of our Constitution and outside of the rule of law. If that is the case, that really is troubling because it suggests that there is a layer of things happening that are outside the rule of law. I know, for example, that some activities, just for the sake of protection of the people involved in national security, have to be black budget. There is always stuff like that. Usually, it’s authorized spending, and some percentage is this black budget where only a small percentage of people and some in Congress know about it, but this is way outside of that. So, I am worried about it.”
Join Greg Hunter as he goes One-on-One with Professor Mark Skidmore of Michigan State University, as he talks about $21 trillion in missing money from the U.S. federal budget.
Dr. Mark Skidmore – Missing $21 Trillion Means Federal Government Is Lawless
Views:
This is so far beyond criminal that it is hard to fathom. This in itself is enough proof that our government is nothing but a criminal organization and at the very least incompetent. Any rules that they attempt to impose on us citizens cannot even be taken seriously when you consider who it is that is trying to tell you that you are a criminal if you break one of their laws. Anyone with zero accountability has no right to tell anyone else how to live their life. Period.
The fleecing of humanity by the elite, or whatever you want to call them, has been going on since the advent of the Church and seems to be the one thing that no one gives a cr@p about even though it IS the ROOT of ALL tour problems.
Everyone is glued to their favorite programing network sitting on the edge of their chairs to see what new “scandal” is going to hit, to watch their favorite sport or to see what’s going on on their favorite emotionally charged reality TV show. If you even mention the theft going on via our governments and the central banking cartel people’s eyes glaze over and they don’t even listen. Twenty one TRILLION dollars is an absolutely unfathomable amount of money… 65 000 for every man, woman and child in the USofA. Think of what that kind of money would mean… it would open up sooo many doors for those that otherwise would never have a chance.
It is absolutely disgusting that those at the top are fleecing the masses and it is equally disgusting that most people just do not care in the least. We the people have ALL the power and should we ever finally get pissed off enough to make a stand there’s absolutely NOTHING those at the top can do to stop us. Of course that is slowly (way too slowly) happening which is the real reason behind all the beating of the war drums as those at the top WILL start a war or a pandemic or do anything they can to ensure they keep their perch at the top regardless how many have to die in the process.
We need to be so very careful moving forward as the only safe way to get back the control is to do it quickly and with very little warning… which with the increasing surveillance of the masses is getting all but impossible to do.
Printed at the Federal Reserve to the Treasury to Family & Friends.
The U.S. has officially descended to Banana Republic status– welcome to the jungle!
civil war in the banana patch happens all the time.
I predict that the coming civil war here will KILL the top 30% rich and 10% of the poor, in the very FIRST 6 MONTHS, the rich will be at even more RISK in the country side as the city folks will come for them!
IT STARTS the DAY MAGA fails?
Dear
friend,
Are
the beneficiaries of Stephen Mnuchin’s Trump Budget, with
humongous increases in National Debt similar to programs Goldman
Sachs has used for decades to impoverish nations, clearly visible to
you?
Have
you ever wondered how the New York banks have been so successful that
they can give million dollar bonuses and buy interlocking director
control of Fortune 500 companies ?
Or
how the Federal Reserve system conceals billions of dollars of profit
in accounts that are not audited ?
Permit
me to offer a succinct revelation for your consideration. How these
funds are used to the detriment of society is detailed in footnotes
17 and 18.
The
future of the United States may be in your hands.
Olde
Reb
proliberty@fairpoint.net
***************
FISCAL
BLISS*
“What
difference does an increase in the National Debt make? We owe it to
ourselves.” Nancy Pelosi has declared. Such a paraphrased
statement, reflecting on the exoskeleton structure of the Federal
Reserve, ignores the inner historic mechanisms of Rothschild banking,
the intense subterfuge and arm-twisting of the Fed’s creation, and
the proven
destructive forces inherent but hidden therein. 1
The
medieval Rothschild Banks established a line of credit for the King
provided the King issued a written promise to pay gold, with
interest, to the bank at a time in the future. The book-entry
Rothschild credit was used to pay for obligations incurred by the
king and the credit continued to be circulated in the kingdom between
merchants. The bankers sold the king’s interest bearing promise of
gold to investors. The promise was renewed on its maturing date and
was perpetually rolled-over. 2
VOILA
!!! The king made
the suppliers of services happy with Rothschild credit; the bankers
had the gold; the public had a promise that the king would eventually
pay them in gold—which would never happen. 3
Everything went smoothly as long as the bank could sell the promise
and the people did not demand the gold. 4
As Benjamin Ginsburg has lamented in FATAL EMBRACE; (bankers) AND
THE STATE 5,
eventually the schemes, which stole the wealth from the people, would
come to a catastrophic climax. 6
The
Federal Reserve 7
does the same thing for the U.S. government’s deficit spending.
Their wizard is hiding behind Frank Baum’s curtain as obscurant to
any public inquiry.8
The
Federal Reserve Bank of New York will grant credit (not “create
money”) in an account of the US government with an amount that the
government will pledge. 9
The government will expend the book-entry-credit account (deficit
spending) to pay for goods and services consumed by the government.
The suppliers are content. Evidence that the supplier has received a
credit voucher is obvious. [It is touted to the public as a loan.]
The heading of the currency given to the supplier by a local
commercial bank is Federal Reserve Note; i.e., a debt obligation of
the Federal Reserve also identified as a “tender” (substitute)
required by law to be accepted for an imprinted number of dollars. 10
To
sell the pledge from the government (the Treasury security) at the
highest price, the Federal Reserve will hold an auction but will
camouflage it as an auction by the government.11
Acceptance of bids, determining the interest rate, and the amount of
deficit spending permitted is controlled by the BOG.12
Government regulations clearly establish the funds from the auctions
are controlled exclusively by the FRBNY; i.e., a franchisee of the
BOG. 13
In
addition to the approximate $1 trillion annually auctioned for
deficit spending (new cash), the roll-over of approximate $10
trillion debt from prior years (publicly held maturing) is annually
auctioned and disbursed by the FRBNY. 14
The
difference in handling of the two accounts is the supreme camouflage.
Funds for roll-over securities are credited by the FRBNY to a
government account. The FRBNY then pays the Primary Dealers (from
the government account) for their task in collecting the maturing
securities from the public. There is no increase in the National
Debt nor is there any inflationary resultant from these transactions.
If
the funds from deficit spending securities were to be used in
redeeming Treasury securities in the market (i.e., paid by the FRBNY
to the government), it would eliminate any increase in the National
Debt. It would also eliminate any increase in money in circulation
(inflation). That clearly does not occur.
WHERE
DO FUNDS FROM THE AUCTIONS OF DEFICIT SPENDING SECURITIES GO ??
The
only viable dispersal of funds identifiable to this writer is the
funds are commingled with funds to select Primary Dealers. If the
Primary Dealers include shareholders of a privately held incorporated
Board of Governors of the Federal Reserve, they would not have to
reveal corporate records.15
The profit could be completely hidden from view. 16
The deficit spending amount 17
would be clear profit for the owners of the BOG.
The
statutory charter of the Federal Reserve stipulates profit of the
operation belongs to the government. Concealment of funds that
belong to the government appear to be embezzlement, among other
crimes.
Various
theories abound on how the purloined funds have been utilized to the
detriment of society. 18
If
the scheme is not exposed, Wall Street internal memos identify
collection of the $20 trillion debt is the “ultimate goal” and
would reduce the United States to the status of Greece. 19
Wall Street’s objective in Greece 20
is not to exploit, but is to destroy the nation. 21
Indeed, national sovereignty has been acquiesced by Greece to the
Troika (financiers) as the terminal end of Goldman Sach’s “shitty”
three billion Euro debt. 22
The
proposed Goldman Sachs government budget (whoops, Trump’s budget)
includes huge deficit spending increases (increased military spending
with cuts in social programs) with unrealistic increases in national
productive/tax base.23
This is the same scheme Wall Street and the CIA have used to
bankrupt other nations for four decades. 24
The psychopathic Wall Street warmongers demand a humongous deficit
busting military expenditure, but this statement may reverse cause
and effect. 25
The people will submit to anything if they are induced to fear a
foreign threat.
Get
ready to kiss your 401(k), your government benefits, your pension,
and your bank accounts goodbye, with strikes prohibited, health care
costs escalated, perpetual war, mass layoffs (including government
personnel), and economic chaos—among other dire occurrences. 26
This
is the utopian government controlled by bankers that David
Rockefeller 27
so proudly promised for the world in his autobiography MEMOIRS and
Carroll Quigley touted in TRAGEDY AND HOPE.
We
can rest assured the same scheme is used by the ECB with the Euro.
The
U.S. has two options:
The
entire situation can be ignored with the public meekly submitting to
Wall Street’s collection of the fraudulent $20 trillion National
Debt and accept the fate of Greece [Greece has surrendered national
sovereignty control to Goldman Sachs/Troika];
or
They
can assert public pressure on congress-critters to audit relevant
accounts and indict Wall Street.
PS:
How can banks with (deficit spending) liquidity that borrowers will
not accept for loans laundry the money? Well, they can buy stocks
(and watch the price go up and say the corporations are buying their
own stock) or they can buy bonds (and watch the yield go down as
demand increases). Have you seen any evidence of this happening ?
*
Ignorance is Bliss
Footnotes
are available at
https://www.scribd.com/document/355085824/Embezzlement-by-Federal-Reserve
if
they are deleted by software.
1
European
origin of the Federal Reserve is well known. Ref.
http://www.apfn.org/apfn/reserve.htm
2
http://www.barefootsworld.net/fs_m_ch_08.html
3
In
fact, the “king” has been known to confiscate the public gold in
“the public interest.”
4
After
the hook was set, the bankers would clandestinely demand
token payments of gold from the king until his coffers were emptied
and he was bankrupt. After
the king was bankrupt and the people resisted increased taxes,
bankers (who controlled the roll-over of prior debt and the paying
of interest) would demand the king sell his assets to the bankers
(for the banker’s make-believe book entry credit) at fire-sale
prices (as in Greece) so interest on the king’s promises could be
paid.
Consider the irony of it. For
the king to have a bit of purchasing power to advance the kingdom,
the kingdom was lost. The people finally wised up and revolted.
5
The
Magna Carta as a rebellion against the war-mongering of London
financiers is an interesting observation by Ben. It has been omitted
from history books. 1000 years hasn’t changed financiers’
war-mongering obsession. Ref.
Douglas Valentine,
CIA AS ORGANIZED CRIME ;
https://www.commondreams.org/views/2017/07/08/us-state-war-july-2017;
http://farmwars.info/?p=15338
A FACE FOR THE SHADOW GOVERNMENT.
6
A
debt-based national economy without specie backing is a Ponzi scheme
inherently destined for bankruptcy but that is another story. Ref.
https://www.scribd.com/doc/99860711/rip-off-by-the-fed-5-rtf.
p4.
7
The
“Federal Reserve” name is a first camouflage to disguise the
bank with a facade of government agency for sovereign immunity and
to mitigate public animosity from bankers exposure. The claim of
agency status does not appear to comply with Supreme Court
adjudication of parameters for agencies. Nor is status of agency
available for the economic benefit of private entities. The status
of the BOG is not known to have been adjudicated. Ref.
https://www.scribd.com/doc/153024003/Amended-Complaint-Federal-Reserve-whistleblower
8
A
favorite line is the government borrows money. It is impossible to
see that what was not there before the event could be borrowed. It
would appear that the Fed put up no legal consideration for the
agreement. A contract without legal consideration by both parties is
void from its inception. Nor can it be rational that the Federal
Reserve had $20 trillion a century ago while they purchase $100 Ben
Franklins for 15 cents each from the US government. [The Fed does
not ‘print money’ (sic); it buys it from the government.]
Another inane concept is that the government borrows from the
public. If there is any logic to this concept, how is the public
then in debt ? Dr. Daniel R. Sanches, a frequent economics writer
for the Philadelphia FRB, recently circulated such a perfidious
writing—but not on the FRB website.
9
A
Treasury Bill, Bond, or Note backed by the taxing power of the U.S.
President Nixon removed the pledge of gold. Cynics might
conclude the banks had confiscated the government’s gold by that
time.
10
These
FR Notes were at one time identified as commercial paper (a legal
identification denoting no asset backing by the issuer). Then they
carried a covenant of redeemable for gold or silver, then the
promise was redeemable for lawful money, now identified as a legal
tender (a substitute for money) for public or private debts. What
you have is what you get.
11
http://www.gao.gov/assets/80/75792.pdf:
“… To sell marketable public debt, the Treasury, through the 12
Federal Reserve district banks and their branches, acting as fiscal
agents for the Treasury, sells securities to the public through a
competitive auction process.” page 22 of 161.
12
To
the surprise of President Clinton. Appointees to the BOG are made
from a short list alleged submitted to the government by the Wall
Street owners of the corporate Board of Governors.
13
The
1992 GAO report reveals the FRBNY electronically receives auction
bids [ http://www.gao.gov/assets/90/82783.pdf ] and 31 CFR 375.3
grants unlimited exclusive authority to disburse auction funds.
14
Ref.
https://www.treasurydirect.gov/instit/annceresult/press/press_cashpydwn.htm
The tabulated entries do not include government account
holdings. The public holds 72.41% of total government debt.
15
NOTE:
The 12 Federal Reserve banks have been adjudicated as privately
owned corporations each with a board of directors of nine members
(also identified as franchisees). The private ownership of the FRBNY
has been the subject of numerous writers. This should not be
confused with the privately owned closely held corporate ownership
of the Board of Governors of the Federal Reserve alleged herein.
The BOG can remove any director of any FR bank without cause or
recourse. Administrative and regulatory control is statutorily
vested in the Board of Governors. A query of “Who owns the Fed
?” allows an evasion of the allegation.
The
gold hoard at IMF is 2,814 metric tons. The IMF, controlled by
Wall Street, want $64 billion from the U.S. government.
16
Audit
reports (by professional accounting firms) of the Federal Reserve
are conducted in accordance with guidelines established by the BOG.
The relevant accounts are private client accounts, not operational
accounts, and have never been audited.
17
The funds exceed $4.4 billion daily. [ $1.6 trillion deficit
divided by 365 days is $4.4 billion.]
18
Ref.
http://farmwars.info/?p=15338
A FACE FOR THE SHADOW GOVERNMENT ;
GLOBALIZATION
OF POVERTY and GLOBALIZATION OF WAR, both by Michel Chossudovsky;
19
http://www.gregpalast.com/larry-summers-and-the-secret-end-game-memo
;.
http://farmwars.info/?p=12078
NEW WORLD ORDER DEAD AHEAD
20
It
was started with a mere $2.8 billion loan foisted by Goldman Sachs
and known to be unpayable.
http://america.aljazeera.com/blogs/scrutineer/2015/7/14/did-wall-street-enable-greek-debt-crisis.html
21
http://www.informationclearinghouse.info/47023.htm
. It is the pound of flesh from the Merchant of Venice.
22
http://99getsmart.com/life-in-a-modern-day-debt-colony-the-truth-about-greece/
Smedley Butler declined an offer from Wall Street to be the leader
of a U.S. coup in the 1930’s. Ref. WAR IS A RACKET by Smedley
Butler.
23http://www.huffingtonpost.com/entry/mark-sanford-trump-budget_us_5925b607e4b00c8df2a10b40
;
http://www.cbsnews.com/news/trumps-budget-is-unrealistic-economists-say/
Robert K. Wilcox alleges in TARGET PATTON that Patton was
assassinated by the U.S. government because of his planned crusade
against U.S. war mongering.
24
John
Perkins, CONFESSIONS OF AN ECONOMIC HIT MAN. Congressional funding
of some covert foreign political action by the CIA in the 1980’s
is detailed in
https://consortiumnews.com/2017/09/13/reagan-documents-shed-light-on-u-s-meddling/.
25
https://consortiumnews.com/2016/08/15/us-war-crimes-or-normalized-deviance/
Robert Stinnett in DAY OF DECEIT presents with government
documents that FDR and his cronies on Wall Street developed a 17
month agenda to pressure Japan to hostile action. Codes were broken;
Pearl was not a surprise. Douglas Valentine in CIA AS ORGANIZED
CRIME concludes the CIA has repeatedly initiated US military action
for the economic benefit of Wall Street. Nomi Prins relates in ALL
THE PRESIDENTS BANKERS that World War I was foisted on the US to
safeguard many billions in loans by Wall Street with a set-up false
flag HMS Lusitania. THE GLOBALIZATION OF WAR by Michel
Chossudovsky. David Swanson gives a lengthy list of US invasions.
Ref. http://davidswanson.org/warlist/.
26
http://www.informationclearinghouse.info/article42782.htm
Bankers have successfully lobbied for bankers to receive super
priority, including for derivatives, in the event of government
default.
27
David
is the grandson of Nelson Aldrich, the godfather of the Federal
Reserve system. Did he inherit Nelson’s stake in the system/BOG?
33 MILLION aliens here, 22 TRILLION stolen?
rot in the gov. to the core.
DRAIN the SWAMP Prez TRUMP!!!