Mark Skidmore

That Missing $21,000,000,000,000

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skidmoreJoseph P Farrell – You know things are in a bad state when an economics professor at one of the country’s most prestigious research universities, the Michigan State University, says that there’s about $21,000,000,000,000 missing, and when he says that in spite of his best efforts to find out where it went, he meets a stone wall of obfuscation, buck-passing, and missing links. The story has now captured the attention of Mr. Greg Hunter, well-known financial commentator at USAWatchdog.com(our thanks to Mr. V.T. for spotting and sharing this article):

Missing $21 Trillion Means Federal Government Is Lawless – Dr. Mark Skidmore

What’s intriguing here is not only the wall of obfuscation that Dr. Skidmore was confronted with, but also the conclusions he drew from it:

In one example, Skidmore found a huge transfer from the Treasury Department to the Army that, again, was not authorized. Keep in mind, the Army has an approved budget of  a little more than $120 billion a year. 

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Missing $21 Trillion Means Federal Government Is Lawless [w/ Video]

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Skidmore Greg Hunter – Michigan State University economics professor Mark Skidmore made an astounding discovery about the finances and budgets of the U.S. federal government earlier this year. He and a team of graduate students discovered $21 trillion missing in the federal budget going back to 1998.

Dr. Skidmore, who specializes in public finance, explains, “We know from official government sources that indicate $21 trillion is, in some way, unaccounted for.  Furthermore, if we come back to the Constitution, all spending needs to be authorized by Congress.  It looks to me, and I think I can conclude with a high degree of certainty, there is money flowing in, as well as out, that is unaccounted for. . . . That’s the one thing we know from these documents, that there is $21 trillion in unaccounted funds.”

https://youtu.be/7CwpjIwwI9o

In one example, Skidmore found a huge transfer from the Treasury Department to the Army that, again, was not authorized. Keep in mind, the Army has an approved budget of  a little more than $120 billion a year.

Continue reading →