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This is going to be rather detailed, so pop some popcorn, fetch a cold one, and settle in for an informative (I hope) bit of your time.<\/p>\n
Greg Hunter of USA Watchdog interviews Mark Skidmore of the University of Michigan regarding missing money and why we are carrying a debt load of $90 trillion.<\/p>\n
I spent some time this AM watching an interview with Mark Skidmore, an accountancy analyst with a PhD in finance and accountancy in Michigan, who is trying find a reason that the Treasury is carrying a $90 trillion debt load, when it should be about $16 trillion to $21 trillion**.\u00a0 There is no reason that Skidmore can find for the Treasury to hold that kind of debt load, so what is that excess covering?<\/p>\n
**The debt load is actually $21 trillion, as stated in the video interview, and is supported by Treasury bonds and securities of $16+ trillion, with interest applied to the loan balance over a period of 30 years. The bonds are reissued (churning) regularly, which resolves the debt load on completion. This is how it works with car loans and mortgages: the cost of the car or house is less than you borrow, while the interest included with your monthly payment resolves the actual cash value of the purchase in addition to the accrued interest.<\/p>\n
Current assets in the US Treasury as of 17 June 2020 were $7,094,690 millions of U.S.<\/em> Dollars. That\u2019s rounded off at $7.1 trillions. In order to meet the demand for more cash from the House of Reps, to be distributed as stimulus checks, the Treasury would have to mint two platinum coins worth $1 trillion each, and deposit them at the Federal Reserve. https:\/\/fortune.com\/2020\/03\/25\/coronavirus-stimulus-bill-how-will-us-pay-trillion-dollar-coin\/<\/a><\/p>\n The digger I deep, the more better and better it becomes.<\/p>\n Mr. Skidmore did an analysis in 2017 which showed discrepancies similar to those he found more recently, which he discusses in the interview.<\/p>\n You can download the print report from 2019, in which he shows that “causes” of discrepancies were redacted for no obvious reason. The document is not classified, therefore, unless someone is trying to hide something that is indicative of fraud, there is no reason for that. The cash amount is there, but the explanations are cut off. Now you have to ask why is that so, and why are there so many of them? And that’s just his review of the Army’s funding.\u00a0 What are they hiding? What else is being blocked from the public eye?<\/p>\n This is appalling. What is the Army hiding by cutting off those details? The obvious question is how much fraud and waste is being hidden overall in the government, and who is responsible for it?<\/p>\n Skidmore\u2019s report makes it clear that the report he received from Treasury, in which missing data explanations were cut off, is unacceptable. This reeks of government corruption and fraud at high levels.\u00a0 https:\/\/missingmoney.solari.com\/missing-money-update-may-2020\/<\/a><\/p>\n The video interview is about 40 minutes long and is worth the time it takes to view it.<\/p>\n