How Deep Is The Corruption in Washington? Can you count to a TRILLION?

[Dover]

Crossposting from GD

I'm speechless.

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Trillions of dollars are missing from the US government. What's going on? Where is the money? How could this happen? Where are the checks and balances? How much more has gone missing? What would happen if a corporation failed to pass an audit like this? Or a taxpayer? Who is responsible for this? Would your banks continue to handle your bank account if you behaved like this? Would your investors continue to buy your securities if you behaved like this? Learn more in the articles below.

http://solari.com/archive/missing_money /

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Part VIII – The Two Great Financial Mysteries of Our Time: Missing Money and Collateral Fraud


There are two great financial mysteries in America:
Where is all the missing money and how do we get it back?

How big is the missing collateral black hole and how will it be resolved?
These two mysteries are essentially part of one mystery at the heart of the matter: Who is in charge of—and what are—the real financial flows and assets of the central banking/warfare complex that increasingly governs the resources on our planet?

Since all financial frauds—the manipulation of the precious metals markets, the engineering of the mortgage and housing bubble, ongoing naked short selling, Enron, and the pump and dump of the Internet and telecom stocks—come back to the same cast of characters, our ability to protect our families and assets necessitates an integrated understanding of “the real deal”—who is really in charge and how the economy is really managed. Hence, it is useful to have a basic understanding of the missing money and missing collateral mysteries.

Let's start with the first mystery, the missing money.

In fiscal 1999, the Department of Housing and Urban Development (HUD), under the leadership of Secretary Andrew Cuomo, reported $17 billion missing from its opening balance and $59 billion of undocumentable adjustments to close its books and refused to produce audited financial statements as required by law. In fiscal 2000, HUD refused to disclose the amount of its undocumentable transactions.To get a sense of the magnitude of even the reported discrepancies, this means that the amount of undocumentable transactions occurring at HUD in 1999 was $1.13 billion a week, $227 million each work day and $28 million an hour.

The contractors that ran HUD’s auditing and payment systems also were large contractors at the Department of Defense (DOD), which reported $2.3 trillion of undocumentable transactions in fiscal 1999 and $1.1 trillion in fiscal 2000. DOD declined to report the number for fiscal 2001, and in all years subsequent to the legal requirement to do so, declined to produce audited financial statements, ensuring that the U.S. Treasury could also not do so.

Indeed, the federal consolidated financial statements during this period were delivered with the following admissions by each secretary of the Treasury:


Robert E. Rubin, 1997, Unauditable
"We believe that the publication of these audited statements is an important step in providing American citizens with more information about the operations of their government."

Robert E. Rubin, 1998, Unauditable
"We believe that the publication of this financial report is an important step in providing the American public with useful information about their government's assets, liabilities and operations."

Lawrence H. Summers, 1999, Unauditable
"We are committed to producing and reporting financial information that meets the highest standards of integrity and to provide to the American people the accountability and professionalism they expect from their government."

Paul H. O'Neill, 2000, Unauditable
"I am committed to producing and reporting financial information that meets the highest standards of integrity and to provide the American people the accountability and professionalism that they expect from the government."

Paul H. O'Neill, 2001, Unauditable
"I believe that the American people deserve the highest standards of accountability and professionalism from their government, and I will not rest until we achieve them."

John W. Snow, 2002, Unauditable
"I intend to continue the commitment to producing and reporting financial information that meets the highest standards of integrity and to provide the American people the accountability and professionalism that they expect from their government."
From Kelly O'Meara, "Treasury Checks and Unbalances," Insight magazine, April 2004

The United States Constitution stipulates that no payments can be made that are not provided for in an appropriations bill approved by Congress. Specifically, Article 1, Clause 7 states: “No Money shall be drawn from the Treasury but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.”

It is quite significant that the government (and its accounting and payment contractors and bank depositories) engaged in an amount of illegal transactions in fiscal 1999 that was greater than the amount of total taxes it received in that year. It is even more significant that there has been little public discussion of this fact. This is no small violation of the Constitution in a country where millions go without health care and the infrastructure is in disrepair....>

http://www.scoop.co.nz/stories/HL0808/S00344.htm

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And this is another fascinating site to peruse...don't get lost in there.

http://www.federalreservefraud.com/

[flamingdem]

1. creepers

let them stimulate the economy a bit with those stolen funds at least!

[undergroundpanther]

2. The psychopath thieves club

is what kind of personalities these over-wealthy, evil slimebags ,that runs this corrupted abuse driven country are.

[dixiegrrrrl]

3. ty Dover.

Do you remember reading about those 3rd world dictators that our Gov. taught us were slimy and untrustworthy, and every once in awhile they would bleed the country dry then flee with the loot?
You know...Marcos, etc.
And then we would shake out head and wonder what the hell was the matter with them, how could the people put up with such obvious chicanery for so long?

You know where I am going with this, don't you???

[Dover]

7. uh huh. I'm wondering if the recent incident with the swiss bank UBS has anything

to do with an investigation into this stolen/hidden money in foreign banks?

TRILLION DOLLAR HIDEAWAYS

Offshore accounts. IBCs. Walking trusts. Financial institutions have plenty of names for the places where the wealthy now hide their money from the IRS. They just don't call it cheating.

http://www.motherjones.com/news/feature/2000/11/offshore.html

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Phil Gramm and UBS Foreign Accounts Investigation

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x3648922

http://news.muckety.com/2008/06/06/ubs-investigation-could-bode-ill-for-phil-gramm-and-mccain-campaign/3261

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Swiss Bank Account Secrecy Laws
http://secrecy.swiss-bankaccount.com/bankingsecrecyhasneverbeenabsolute.html

[Joe Chi Minh]

4. Is there any level of criminality too surreal for these people to demonstrate?

[moodforaday]

5. K&R

:kick:

[windoe]

6. We the People have been robbed

and we must sue en masse to get OUR money back. This is no joke. Where are the lawyers that will represent our country?They could stand to make quite a bit upon retrieving TRILLIONS.

[bhikkhu]

8. The abyss beneath us

is that the global monetary system is entirely based upon trust, mutual trust, an imaginary system of agreed upon values. When one breaches trust or erodes by incompetence otherwise agreed upon values, or basically demonstrates complete and stupid self-serving greed, the system fails, resets; the losers lose.