WEBVTT 00:00.530 --> 00:02.230 So you think you know a lot about 9-Eleven? 00:02.550 --> 00:04.350 All right, pop quiz, hotshot. 00:04.970 --> 00:06.970 Number one, when were the Pentagon's 00:06.970 --> 00:08.270 missing trillions announced to the public? 00:09.210 --> 00:11.510 Number two, did 9-Eleven end 00:11.510 --> 00:13.010 the missing trillions investigation? 00:13.850 --> 00:16.350 And number three, just how many trillions 00:16.350 --> 00:17.530 went missing anyway? 00:18.530 --> 00:21.750 If you answered September 10th, yes, and 2.3, 00:21.870 --> 00:22.370 then guess what? 00:22.850 --> 00:23.310 You're wrong. 00:23.870 --> 00:26.190 But don't worry, a lot of people get this wrong. 00:26.670 --> 00:28.650 So today, let's take a deep dive 00:28.650 --> 00:30.670 into one of the most enduring mysteries 00:30.670 --> 00:32.350 of the 9-Eleven Falls flag event, 00:33.050 --> 00:34.910 the Pentagon's missing trillions. 00:40.160 --> 00:42.260 You're listening to The Corbett Report. 00:45.380 --> 00:46.420 CorbettReport.com. 00:50.360 --> 00:51.320 Welcome back, friends. 00:51.500 --> 00:53.160 Welcome back to another edition of The Corbett Report. 00:53.660 --> 00:55.340 I'm James Corbett of CorbettReport.com, 00:55.440 --> 00:56.480 coming to you, as always, 00:56.660 --> 00:58.140 from the sunny climbs of Western Japan 00:58.140 --> 01:00.060 here in September of 2026 01:00.360 --> 01:03.360 with episode 507 of The Corbett Report podcast, 01:04.060 --> 01:06.200 the incredible true story 01:06.580 --> 01:08.020 of the Pentagon's missing trillions. 01:09.120 --> 01:12.800 Now, obviously, the question of the missing trillions 01:12.800 --> 01:14.040 from the Pentagon's coffers 01:14.040 --> 01:16.660 is an incredibly important subject. 01:17.120 --> 01:19.780 And that's even just one particular aspect 01:19.780 --> 01:23.160 of the much wider and vastly underreported story 01:23.160 --> 01:24.520 of the 9-Eleven Money Trail. 01:25.020 --> 01:27.160 But what exactly is the relation 01:27.160 --> 01:28.460 between the missing trillions 01:28.460 --> 01:29.720 and 9-Eleven? 01:30.020 --> 01:31.260 And it has come to my attention 01:31.260 --> 01:33.600 that many people do not quite understand 01:34.120 --> 01:35.600 the relation between these subjects. 01:35.800 --> 01:37.960 And in fact, even some people 01:37.960 --> 01:39.000 in the Corbett Report audience 01:39.000 --> 01:40.480 who would be positioned to know better 01:41.000 --> 01:42.420 not only don't understand, 01:42.500 --> 01:44.560 but have actively been misrepresenting 01:44.560 --> 01:46.320 my reporting on this subject 01:46.320 --> 01:47.240 that I've been doing for, 01:47.300 --> 01:48.940 well, the better part of two decades now. 01:49.040 --> 01:52.000 So let's set that record straight today, shall we? 01:52.420 --> 01:55.620 And I think we have to start this exploration today 01:55.620 --> 01:57.140 by starting with what I think 01:57.140 --> 01:58.360 is probably the baseline, 01:58.600 --> 01:59.960 at least for anyone who was around 01:59.960 --> 02:01.740 in the 9-Eleven Truth Movement in the, 02:01.840 --> 02:02.940 back in the aughts. 02:03.340 --> 02:05.600 They probably know this story 02:05.600 --> 02:07.520 from a CBS News report 02:07.520 --> 02:09.360 that first aired in 2002, 02:09.740 --> 02:12.620 but made the rounds on the early web 02:12.620 --> 02:14.760 back in the 2000s. 02:16.300 --> 02:19.260 Panagon, the day before 9-1-1, 02:19.620 --> 02:21.760 Secretary of Defense Donald Rumsfeld 02:21.760 --> 02:24.580 declared war, not on foreign terrorists. 02:24.580 --> 02:26.440 The adversary is closer to home. 02:27.360 --> 02:29.100 It's the Pentagon bureaucracy. 02:29.580 --> 02:31.620 He said money wasted by the military 02:31.620 --> 02:33.340 poses a serious threat. 02:33.560 --> 02:34.680 In fact, it could be said 02:34.680 --> 02:36.160 that it's a matter of life and death. 02:36.460 --> 02:37.860 Rumsfeld promised change, 02:38.260 --> 02:40.700 but the next day, the world changed. 02:42.780 --> 02:45.020 And in the rush to fund the war on terrorism, 02:45.580 --> 02:47.860 the war on waste seems to have been forgotten. 02:48.200 --> 02:49.160 My O3 budget 02:51.440 --> 02:52.640 calls for more than 02:53.400 --> 02:55.640 $48 billion in new defense spending. 02:55.960 --> 02:57.240 More money for the Pentagon 02:57.240 --> 02:58.780 when its own auditors admit 02:58.780 --> 03:00.360 the military cannot account 03:00.360 --> 03:03.080 for 25% of what it already spends. 03:03.520 --> 03:04.600 According to some estimates, 03:04.740 --> 03:08.480 we cannot track $2.3 trillion in transactions. 03:08.860 --> 03:11.100 $2.3 trillion with a T. 03:11.620 --> 03:13.760 That's $8,000 for every man, 03:14.000 --> 03:15.420 woman and child in America. 03:16.760 --> 03:18.860 As I say, anyone who was around 03:18.860 --> 03:20.120 in the 9-Eleven Truth Movement 03:20.120 --> 03:21.320 say 20 years ago 03:21.320 --> 03:24.300 would doubtless have seen that report directly 03:24.300 --> 03:25.960 or at least would have heard people 03:25.960 --> 03:27.720 talking about that report, 03:27.980 --> 03:29.960 including corporate report listeners. 03:30.260 --> 03:31.980 You will note that my earliest exploration 03:31.980 --> 03:33.280 of the 9-Eleven Money Trail 03:33.280 --> 03:35.580 back in episode 67 of this podcast 03:36.100 --> 03:38.180 did cite that report specifically. 03:38.720 --> 03:40.720 And if you base your understanding 03:40.720 --> 03:42.060 of the missing trillion story 03:42.060 --> 03:47.060 solely on that three-minute TV soundbite report, 03:47.340 --> 03:49.680 you're not going to have a proper overview 03:49.680 --> 03:51.020 of the subject, obviously. 03:51.400 --> 03:52.700 And I think even Vince Gonzalez 03:52.700 --> 03:55.160 would not have said that that was supposed 03:55.160 --> 03:59.000 to be a total view of the missing trillions subject. 03:59.300 --> 04:00.960 But unfortunately, it has been taken as such 04:00.960 --> 04:01.560 by many people. 04:01.740 --> 04:04.100 So their understanding of the missing trillions 04:04.100 --> 04:05.060 has been formed from that, 04:05.240 --> 04:06.860 and thus they believe that there was 04:06.860 --> 04:10.240 $2.3 trillion that was found missing 04:10.240 --> 04:12.540 and announced on September 10th 04:12.540 --> 04:13.780 and then 9-Eleven happened 04:13.780 --> 04:15.100 and it was never talked about again. 04:15.560 --> 04:16.860 But basically every aspect 04:16.860 --> 04:18.660 of that truncated narrative 04:18.660 --> 04:20.760 is wrong, something that you would know 04:20.760 --> 04:23.300 if you had continued following my reporting 04:23.300 --> 04:25.340 on this subject over the years. 04:25.660 --> 04:26.500 But in case you didn't, 04:26.600 --> 04:29.060 well, let's fill in those blanks today. 04:29.260 --> 04:32.180 And we're going to start with 9-Eleven Trillions, 04:32.440 --> 04:34.800 Follow the Money, my 2015 documentary, 04:35.400 --> 04:37.700 which still, to this day, 11 years later, 04:37.700 --> 04:40.080 still stands as one of the very, very few 04:40.080 --> 04:43.040 feature-length, full-in-depth explorations 04:43.480 --> 04:46.300 of the incredibly essentially important topic 04:46.300 --> 04:47.520 of the 9-Eleven Money Trail. 04:47.520 --> 04:49.960 And I will allow you to speculate as to why 04:49.960 --> 04:53.080 no one talks about the 9-Eleven Money Trail anymore 04:53.660 --> 04:55.180 or really ever did. 04:55.620 --> 04:56.760 But anyway, I did. 04:57.000 --> 04:58.800 It's called 9-Eleven Trillions, Follow the Money. 04:58.960 --> 05:01.600 It is a full feature-length documentary film 05:01.600 --> 05:04.260 exploring various aspects of the 9-Eleven Money Trail, 05:04.340 --> 05:06.260 including specifically the question 05:06.800 --> 05:08.240 of the missing trillions. 05:08.320 --> 05:11.000 So if you have watched that documentary 05:11.000 --> 05:12.340 from 11 years ago, 05:12.380 --> 05:15.260 you will know that the unaccounted four trillions 05:15.260 --> 05:17.240 that Rumsfeld was talking about 05:17.240 --> 05:20.740 in that September 10th, 2001 press conference 05:20.740 --> 05:23.360 was not discovered on September 9th. 05:23.460 --> 05:25.580 No, this was an issue that had been known about 05:25.580 --> 05:28.240 and reported on since at least 1999. 05:29.360 --> 05:31.660 And it was, in fact, one of the issues 05:31.660 --> 05:34.400 that was brought up to Donald Rumsfeld, 05:34.500 --> 05:36.680 specifically in his confirmation hearings 05:37.180 --> 05:38.980 in January of 2001, 05:39.060 --> 05:41.280 as he was being confirmed for Secretary of Defense 05:41.280 --> 05:43.560 of the George W. Bush administration 05:43.880 --> 05:47.540 and subsequently in House Appropriations Committee hearings. 05:49.840 --> 05:52.600 The topic today is an adversary 05:52.600 --> 05:54.980 that poses a threat, 05:55.700 --> 05:58.740 serious threat to security of the United States of America. 05:59.820 --> 06:02.800 This adversary is one of the world's last bastions 06:02.800 --> 06:03.740 of central planning, 06:04.320 --> 06:07.260 governed by dictating five-year plans 06:07.620 --> 06:08.940 of a single capital 06:08.940 --> 06:10.920 that attempts to impose its command 06:10.920 --> 06:15.000 across time zones, continents, oceans, and beyond. 06:16.120 --> 06:18.920 With brutal consistency, it stifles free thought 06:19.720 --> 06:21.300 and crushes new ideas. 06:21.940 --> 06:23.880 It disrupts the defense of the United States 06:23.880 --> 06:27.720 and places the lives of men and women in uniform at risk. 06:29.640 --> 06:32.220 On September 10th, 2001, 06:32.660 --> 06:35.220 Defense Secretary Donald Rumsfeld declared a new war, 06:36.060 --> 06:39.140 not a war on a shadowy terrorist organization in Afghanistan 06:39.140 --> 06:41.640 or even a war on terror itself, 06:42.200 --> 06:44.100 but a war on the Pentagon. 06:45.800 --> 06:47.600 The adversary is closer to home. 06:48.720 --> 06:50.220 It's the Pentagon bureaucracy. 06:52.460 --> 06:55.280 Perhaps it is no surprise that Rumsfeld felt compelled 06:55.280 --> 06:57.540 to declare a war on the Pentagon's bureaucracy. 06:58.480 --> 07:01.860 The issue of the Pentagon's $2.3 trillion accounting nightmare 07:01.860 --> 07:04.100 had been dogging him since his confirmation hearings 07:04.100 --> 07:05.780 in January of 2001. 07:06.760 --> 07:08.380 Although Rumsfeld was interested 07:08.380 --> 07:10.980 in pushing forward a modernization of the military 07:10.980 --> 07:14.560 that was projected to cost an additional $50 billion in funding, 07:15.200 --> 07:16.880 that agenda was politically impossible 07:16.880 --> 07:18.760 in the face of the Department of Defense's 07:18.760 --> 07:20.240 monumental budget problem. 07:21.740 --> 07:24.680 How can we seriously consider 07:25.660 --> 07:29.160 a $50 billion increase in the defense budget 07:30.280 --> 07:32.240 when DOD's own auditors 07:33.160 --> 07:35.420 when DOD's own auditors 07:36.140 --> 07:39.480 say the Department cannot account for $2.3 trillion 07:39.480 --> 07:43.100 in transactions in one year alone? 07:44.120 --> 07:46.460 Now, my question to you is, Mr. Secretary, 07:46.880 --> 07:49.260 what do you plan to do about this? 07:50.000 --> 07:51.580 Decline the nomination. 08:00.040 --> 08:02.440 Senator, I have heard... 08:02.440 --> 08:04.440 I don't want to see you do that. 08:05.420 --> 08:07.040 Go stand adjourned in that. 08:11.120 --> 08:13.400 Senator, I have heard some of that 08:13.400 --> 08:15.000 and read some of that 08:15.960 --> 08:19.680 that the Department is not capable of auditing its books. 08:20.760 --> 08:21.340 It is... 08:25.900 --> 08:27.620 I was going to say terrifying. 08:30.660 --> 08:33.300 Terrifying only begins to describe the problem. 08:33.960 --> 08:36.840 The Department of Defense's own Inspector General report 08:36.840 --> 08:40.000 for fiscal year 1999 noted that the Defense Finance 08:40.000 --> 08:42.960 and Accounting Service had processed $7.6 trillion 08:42.960 --> 08:45.600 of department-level accounting entries in that year. 08:46.580 --> 08:48.760 Of that amount, only $3.5 trillion 08:48.760 --> 08:50.220 could be properly accounted for. 08:50.800 --> 08:53.640 $2.3 trillion in transactions were fudged 08:53.640 --> 08:54.640 to make entries balance, 08:55.180 --> 08:57.020 run through without proper documentation, 08:57.440 --> 08:58.440 or made up entirely. 08:59.500 --> 09:01.700 The Inspector General's office did not even examine 09:01.700 --> 09:04.120 the other $1.8 trillion in transactions 09:04.120 --> 09:06.640 because they did not have adequate time 09:06.640 --> 09:08.060 or staff to review them. 09:09.000 --> 09:12.900 In 2002, one DFAS accountant blew the whistle on the problem 09:12.900 --> 09:15.540 and the cover-up that was underway to stop investigators 09:15.540 --> 09:17.200 from finding out where the money went. 09:18.320 --> 09:19.700 According to some estimates, 09:19.840 --> 09:23.620 we cannot track $2.3 trillion in transactions. 09:23.900 --> 09:26.200 $2.3 trillion with a T. 09:26.700 --> 09:30.600 That's $8,000 for every man, woman, and child in America 09:30.600 --> 09:34.080 to understand how the Pentagon can lose track of trillions 09:34.080 --> 09:36.760 consider the case of one military accountant 09:36.760 --> 09:39.980 who tried to find out what happened to a mere $300 million. 09:40.180 --> 09:40.840 We know it's gone, 09:42.100 --> 09:43.900 but we don't know what they spent it on. 09:44.320 --> 09:47.000 Jim Minnery, a former Marine turned whistleblower, 09:47.200 --> 09:50.020 is risking his job by speaking out for the first time 09:50.020 --> 09:52.200 about the millions he noticed were missing 09:52.200 --> 09:54.560 from one defense agency's balance sheets. 09:55.120 --> 09:56.980 Minnery tried to follow the money trail, 09:57.340 --> 09:59.800 even crisscrossing the country looking for records. 09:59.800 --> 10:01.580 The director looked at me and he says, 10:02.160 --> 10:03.840 why do you care about this stuff? 10:04.520 --> 10:07.040 I took me aback, you know. 10:07.500 --> 10:10.820 My supervisor asked me why I care about doing a good job. 10:11.400 --> 10:14.600 He was reassigned and says officials then covered up 10:14.600 --> 10:16.800 the problem by just writing it off. 10:18.720 --> 10:22.340 As controller of the Pentagon from 2001 to 2004, 10:22.840 --> 10:26.000 Dov Zakheim was the man tasked with solving this problem. 10:27.280 --> 10:30.500 There are all kinds of longstanding rules and regulations 10:30.500 --> 10:32.620 about what you can do and what you can't do. 10:32.720 --> 10:36.720 I know Dr. Zakheim's been trying to hire CPAs 10:36.720 --> 10:39.720 because the financial systems of the department 10:39.720 --> 10:42.080 are so snarled up that we can't account 10:42.080 --> 10:47.280 for some $2.6 trillion in transactions that exist, 10:47.500 --> 10:48.820 if that's believable. 10:50.100 --> 10:53.740 And yet we're told that we can't hire CPAs 10:53.740 --> 10:55.760 to help untangle it in many respects. 10:56.660 --> 11:00.320 Mr. Secretary, the first time and the last time 11:00.320 --> 11:03.220 that Dov Zakheim and I broke bread together, 11:03.300 --> 11:07.700 he told me he'd have a handle on that $2.6 trillion by now, 11:07.820 --> 11:10.220 but we'll discuss that a little. 11:11.360 --> 11:13.360 If you've got a handle, it's just a little hot. 11:18.000 --> 11:21.260 Oh, $2.6 trillion, whatever. 11:22.040 --> 11:23.000 He's got a handle on it. 11:23.040 --> 11:23.960 It's just a little hot. 11:25.320 --> 11:26.800 Yeah, interesting. 11:27.240 --> 11:31.200 So I guess the question would be, who's Dov Zakheim? 11:31.500 --> 11:35.800 And as I go on to report in that aforementioned 2015 11:35.800 --> 11:39.000 documentary on $9.11 trillion, Dov Zakheim 11:39.000 --> 11:42.260 was the head of something called SPC International, 11:42.720 --> 11:45.320 which was a subsidiary of the System Planning Corporation, 11:45.770 --> 11:47.880 which was a defense contractor, 11:47.880 --> 11:50.740 which was providing air warfare, cybersecurity, 11:51.240 --> 11:53.000 and advanced military electronics 11:53.000 --> 11:55.080 to the Department of Defense and DARPA. 11:55.640 --> 11:58.480 And specifically, SPC's radar physics laboratory 11:58.480 --> 12:02.000 had developed a remote control system for airborne vehicles 12:02.000 --> 12:05.120 that they were marketing to the Pentagon prior to 9-11. 12:05.820 --> 12:06.900 Nothing to see here, folks. 12:07.040 --> 12:08.300 Don't look into the money trail at all. 12:08.500 --> 12:09.280 Nothing interesting. 12:10.300 --> 12:12.760 Of course, Dov Zakheim was also a signatory 12:12.760 --> 12:17.080 to the Rebuilding America's Defenses PNAC document 12:17.080 --> 12:18.720 and to PNAC in general. 12:19.260 --> 12:21.920 And as people know, the project for a New American Century 12:21.920 --> 12:23.600 was calling for a new Pearl Harbor 12:23.600 --> 12:25.400 to rebuild America's defenses 12:25.400 --> 12:27.500 as an excuse for rebuilding America's defenses. 12:28.080 --> 12:31.140 And Rumsfeld himself, as I again go on to demonstrate 12:31.140 --> 12:34.160 in that documentary, was talking about the Pearl Harbor, 12:34.340 --> 12:37.240 specifically in his confirmation hearings 12:37.240 --> 12:39.860 in January of 2001, stressing Pearl Harbor, 12:40.120 --> 12:41.460 handing out copies of this book 12:41.460 --> 12:43.140 that was then popular about Pearl Harbor 12:43.140 --> 12:44.880 right before the Pearl Harbor movie came out. 12:44.980 --> 12:47.840 And then America got its new Pearl Harbor. 12:48.100 --> 12:49.560 Wow, what an amazing kawinky dink. 12:50.160 --> 12:52.480 As I also go on to explain, yes, of course, 12:52.600 --> 12:54.540 as you can see there from that documentary, 12:54.780 --> 12:56.860 no, the Missing Trillions were not discovered 12:56.860 --> 12:58.180 on September 10th. 12:58.180 --> 12:59.360 They were not announced to the public 12:59.360 --> 13:01.400 for the first time on September 10th. 13:01.400 --> 13:02.900 But as I go on to explain, 13:03.560 --> 13:06.940 the events of 9-11 were used at least in part 13:06.940 --> 13:10.020 to continue the ongoing cover-up and obfuscation 13:10.020 --> 13:11.520 of those Missing Trillions. 13:13.480 --> 13:14.840 The attack on the Pentagon 13:14.840 --> 13:17.120 struck Wedge 1 on the west side of the building. 13:17.120 --> 13:19.540 An office of the U.S. Army called 13:19.540 --> 13:21.100 Resource Services Washington 13:21.100 --> 13:22.880 had just moved back into Wedge 1 13:22.880 --> 13:24.840 after renovations had taken place there. 13:25.760 --> 13:28.400 The office was staffed with 45 accountants, 13:28.820 --> 13:31.000 bookkeepers, and budget analysts. 13:31.960 --> 13:34.080 34 of them were killed in the attack. 13:34.920 --> 13:37.820 A 2002 follow-up report from the DOD 13:37.820 --> 13:39.500 and Spectre General on the Missing Trillions 13:39.500 --> 13:41.900 noted that a further $1.1 trillion 13:41.900 --> 13:43.640 in made-up accounting entries 13:43.640 --> 13:46.340 were processed by the Pentagon in fiscal year 2000, 13:46.340 --> 13:48.780 but they did not even attempt to quantify 13:48.780 --> 13:50.280 the missing funds for 2001. 13:51.640 --> 13:53.680 The Secretary of the Army, Thomas White, 13:54.260 --> 13:56.180 later explained they were unable to produce 13:56.180 --> 13:58.660 a financial report for 2001 at all, 13:58.840 --> 14:01.460 due to the loss of financial management personnel 14:01.460 --> 14:04.360 sustained during the September 11th terrorist attack. 14:05.460 --> 14:07.600 Before becoming Secretary of the Army, 14:08.000 --> 14:10.260 Thomas White was a senior executive at Enron. 14:10.960 --> 14:13.840 Enron was one of the largest energy companies in the world, 14:13.840 --> 14:17.080 posting a $111 billion profit in 2000 14:17.080 --> 14:19.760 before being exposed as an elaborate corporate 14:19.760 --> 14:21.440 accounting fraud in 2001. 14:22.420 --> 14:25.320 The SEC, which investigated the Enron scandal, 14:25.760 --> 14:27.700 occupied the 11th to 13th floors 14:27.700 --> 14:29.240 in World Trade Center Building 7, 14:29.720 --> 14:31.880 and their offices were destroyed on 9-11, 14:32.540 --> 14:34.800 destroying 3,000 to 4,000 documents 14:34.800 --> 14:37.140 on active investigations in the process. 14:38.640 --> 14:40.820 All right, as you can see there, 14:40.820 --> 14:44.600 yes, accountants and bookkeepers and budget analysts 14:44.600 --> 14:48.680 of the US Army were among those killed 14:48.680 --> 14:51.240 at the Pentagon on 9-11. 14:51.440 --> 14:52.960 That is a documented fact, 14:53.160 --> 14:55.860 and some of those people were working on 14:55.860 --> 14:59.320 at least the US Army's share of the missing trillions. 14:59.640 --> 15:02.760 But that does not mean that those were the only people 15:02.760 --> 15:03.980 who were working on the subject 15:03.980 --> 15:05.380 of the missing trillions, obviously, 15:05.560 --> 15:08.040 but they were at least some of the people 15:08.040 --> 15:09.360 who were working on that subject. 15:09.360 --> 15:12.700 And of course, this also ties into the Enron cover-up 15:12.700 --> 15:14.200 and WTC7, et cetera. 15:14.380 --> 15:16.760 Again, the question of the 9-11 money trail 15:16.760 --> 15:20.000 extremely important and almost completely neglected 15:20.000 --> 15:22.700 by people claiming to be 9-11 researchers. 15:23.020 --> 15:24.880 So I hope that that will be corrected in the future. 15:25.020 --> 15:28.020 But if you were kind of vaguely paying attention 15:28.020 --> 15:28.640 to this subject 15:28.640 --> 15:30.860 and you stopped paying attention at that point, 15:30.940 --> 15:33.080 then I guess that would be the end of the story, right? 15:33.320 --> 15:36.840 2.3 trillion 9-11 covered up. 15:37.100 --> 15:39.260 Oh, well, moving on, end of story, right? 15:39.260 --> 15:43.080 Wrong. No, of course, this was not the end of the story. 15:43.600 --> 15:45.960 It has continued for many years. 15:46.200 --> 15:50.140 So for example, the next major update to the story 15:50.140 --> 15:52.480 occurred in 2013 when it was casually admitted 15:52.480 --> 15:54.980 that that 2.3 trillion missing dollars 15:54.980 --> 15:59.880 had ballooned to 8.5 trillion missing dollars. 16:01.200 --> 16:03.520 The latest scandal to hit Washington 16:03.520 --> 16:05.260 comes from a report revealing 16:05.260 --> 16:08.920 that Pentagon misplaced 8.5 trillion dollars. 16:09.260 --> 16:11.340 Military leaders have also been found 16:11.340 --> 16:13.460 ordering subordinates to doctor books 16:13.460 --> 16:14.960 to hide the missing money. 16:15.700 --> 16:18.460 This is the conclusion of a special report by Reuters. 16:19.360 --> 16:21.760 One former Pentagon employee, Linda Woodford, 16:22.160 --> 16:25.800 said she spent 15 years there falsifying financial records. 16:26.400 --> 16:28.340 Woodford had a job checking Navy 16:28.340 --> 16:30.320 counting records against figures 16:30.320 --> 16:32.200 supplied by the Treasury Department. 16:33.000 --> 16:35.820 She said money was missing from the report every month. 16:37.680 --> 16:40.060 2.3 trillion, that's chump change. 16:40.380 --> 16:43.760 No, by 2013 it was 8.5 trillion. 16:44.320 --> 16:46.760 But actually, 8.5 trillion is chump change 16:46.760 --> 16:47.860 compared to the next update. 16:48.220 --> 16:53.900 That's right, by 2018 the number had ballooned to 21 trillion dollars. 16:54.600 --> 16:57.360 And we get that from an update that was done to that number 16:57.360 --> 17:00.720 after the numbers were crunched by Solari, Solari.com, 17:01.200 --> 17:04.480 specifically a joint investigation between Dr. Mark Skidmore 17:04.480 --> 17:07.960 of Michigan State University and Catherine Austin-Fitz of Solari.com 17:07.960 --> 17:11.000 at missingmoney.solari.com found that by 2018 17:11.000 --> 17:15.420 they were able to crunch the numbers and find 21 trillion dollars. 17:15.640 --> 17:17.600 Not missing from the Pentagon's coffers, 17:17.820 --> 17:20.540 but that were unaccounted for and unaccountable 17:21.200 --> 17:22.680 in the Pentagon's budgets. 17:23.180 --> 17:27.240 So back in 2018, upon the release of that new investigation, 17:27.540 --> 17:30.120 I had the chance to interview Dr. Mark Skidmore 17:30.120 --> 17:32.620 about that report and its findings. 17:33.920 --> 17:37.040 So you have arrived at this number 21 trillion dollars, 17:37.140 --> 17:38.800 which is the sort of the headline number 17:38.800 --> 17:40.560 at missingmoney.solari.com. 17:40.740 --> 17:43.640 And so this is gathered from a number of different reports 17:43.640 --> 17:46.000 that have been issued by the OIG over the years. 17:46.560 --> 17:48.900 And these are numbers that are gathered 17:48.900 --> 17:51.160 from these different reports and then added together. 17:52.920 --> 17:55.810 Is there a possibility that these numbers are cumulative 17:56.840 --> 17:59.740 or that some numbers that are reported later 17:59.740 --> 18:02.160 include some of the numbers that reported earlier? 18:02.160 --> 18:05.340 Or are these are completely separate for specific fiscal years? 18:06.920 --> 18:10.960 Well, for example, the most recent report came out 18:10.960 --> 18:14.420 for the Army, 2015, 6.5 trillion. 18:15.060 --> 18:17.020 And there'll be references in the report. 18:17.200 --> 18:18.740 Well, we had to make these adjustments 18:18.740 --> 18:20.520 to account for some prior years. 18:20.900 --> 18:24.740 But there were several years for which there were no reports 18:24.740 --> 18:26.620 and you go back a few years. 18:26.720 --> 18:29.960 And there was another report for so many hundreds of billions 18:29.960 --> 18:32.000 or a trillion here, a trillion there. 18:32.720 --> 18:34.700 And so it's not clear, right? 18:35.140 --> 18:38.340 It doesn't make sense to me that you would issue a report 18:38.840 --> 18:44.760 for let's say 2007 and then somehow in 2015, 18:45.580 --> 18:48.340 there would be a re-accumulation. 18:48.580 --> 18:52.000 I don't think that's what's going on, although it's unclear. 18:53.180 --> 18:56.240 As so many other things in this story are unclear. 18:56.240 --> 18:57.620 All right. 18:57.740 --> 19:01.580 So let's talk about your attempts to try to clarify this. 19:01.660 --> 19:04.040 This seems like if the Office of Inspector General 19:04.040 --> 19:08.000 is issuing these reports, then there is some public interface 19:08.000 --> 19:11.200 with this data in some way, at least through the OIG. 19:11.520 --> 19:14.720 So they would be receptive to sharing this data 19:14.720 --> 19:16.720 in some form with researchers like yourself? 19:17.360 --> 19:21.160 Well, initially, I had been interacting with somebody 19:21.160 --> 19:23.140 at the Office of the Inspector General. 19:23.280 --> 19:25.840 At one point, I had a phone call with two or three people 19:25.840 --> 19:28.000 and I just was trying to get a handle 19:28.000 --> 19:30.900 on some specific questions in the report. 19:31.360 --> 19:36.060 But the people that I talked with couldn't provide answers to those. 19:36.700 --> 19:39.880 And at some point, I was referred to a communications person 19:39.880 --> 19:44.500 at the OIG who, of course, didn't know anything specific 19:44.500 --> 19:46.480 with regard to these reports. 19:47.280 --> 19:54.760 And then at one point, all of the URLs were disabled for the OIG. 19:55.660 --> 19:59.480 And then at some point, I had done an interview 19:59.480 --> 20:01.980 on Michigan Radio regarding this question. 20:02.060 --> 20:04.060 Actually, I've now done a couple of interviews, 20:04.160 --> 20:05.320 which I think are really useful. 20:07.120 --> 20:09.100 But they just stopped responding. 20:09.760 --> 20:13.740 At one point, they responded to the producer of Michigan Radio 20:13.740 --> 20:15.880 and said, yeah, we'd be happy to provide more information. 20:16.380 --> 20:18.400 And I'll give you three examples. 20:18.940 --> 20:21.400 Because you could read these reports and you could ask 20:21.400 --> 20:23.720 a number of different questions for different years. 20:23.720 --> 20:28.220 So I just picked the latest one, the largest one, 6.5 trillion. 20:28.460 --> 20:32.600 And I said, here are some examples that I don't see 20:32.600 --> 20:35.660 how you could possibly get to. 20:35.880 --> 20:40.600 And one of them was what looked to be like an $800 billion 20:40.600 --> 20:42.240 transfer from Treasury. 20:43.020 --> 20:45.500 And I'm thinking, well, $122 billion. 20:45.680 --> 20:49.520 I know how Treasury relates to the different agencies 20:49.520 --> 20:51.520 within government, whether it's a state government 20:51.520 --> 20:52.680 or a national government. 20:53.320 --> 20:57.340 In a given year, the Treasury would transfer funds 20:57.340 --> 21:00.340 over to the Army in the amount that was authorized 21:00.340 --> 21:03.840 by the governing body, which would be $122 billion. 21:03.980 --> 21:08.200 Why would you need to have a transaction of $800 billion 21:08.720 --> 21:10.460 to make an adjustment? 21:11.640 --> 21:15.340 And they wouldn't provide any kind of specific answer 21:15.340 --> 21:16.320 to that question. 21:16.880 --> 21:19.600 Dave Lindorf, the author of this recent report 21:19.600 --> 21:22.420 by the nation, actually went to Treasury 21:22.420 --> 21:24.440 and said, what's going on? 21:24.620 --> 21:25.980 And Treasury just didn't respond. 21:26.580 --> 21:27.660 So that's one example. 21:28.240 --> 21:29.640 So we don't have an answer. 21:30.380 --> 21:34.000 Another one was there's a $900 billion 21:36.420 --> 21:38.780 adjustment for accounts payable. 21:39.080 --> 21:40.680 And so one of my questions is, well, 21:41.440 --> 21:45.760 how could you get accounts payable of $900 billion 21:45.760 --> 21:47.560 in transactions that we don't know about? 21:47.660 --> 21:48.460 What were those for? 21:49.020 --> 21:50.740 And again, no response. 21:52.420 --> 21:57.280 And some people have said, well, it can be internal from one 21:57.280 --> 21:58.940 part of the Army to another. 21:59.340 --> 22:00.360 And so these adjustments. 22:00.560 --> 22:02.320 But why would they be unsupported? 22:03.000 --> 22:05.600 And I'll give you another example regarding that 22:05.600 --> 22:07.640 in just a moment that Norquist provided. 22:08.640 --> 22:11.140 And here's the one that I sort of narrowed down. 22:11.240 --> 22:13.760 At one point I said, forget about my other questions. 22:14.540 --> 22:19.000 Here's a question I think you could respond to easily 22:19.000 --> 22:20.200 in a day's time. 22:21.060 --> 22:23.840 In the report, there were 170 adjustments 22:24.600 --> 22:26.880 tallied to $2.1 trillion. 22:28.220 --> 22:30.860 So that's a huge number, right? 22:31.820 --> 22:33.760 A trillion is $1,000 billion. 22:34.300 --> 22:37.340 $2.1 trillion is bigger than the GDP of India. 22:37.740 --> 22:41.400 And it's embodied in just 170 transactions. 22:42.120 --> 22:43.840 What in the world could that be for? 22:44.020 --> 22:47.100 Will you please just provide an addendum on your website 22:47.100 --> 22:50.500 or send me a spreadsheet so that we can all see 22:50.500 --> 22:52.760 what those adjustments were for? 22:53.420 --> 22:57.260 And they just stopped responding to any inquiry. 22:57.800 --> 23:00.320 And so I've been trying to pull on that strain 23:00.320 --> 23:04.900 because I recognize that if you go back all these years 23:04.900 --> 23:09.120 for different parts of the DoD or HUD, that no one person 23:09.120 --> 23:14.220 is going to provide an answer that would satisfy 23:14.220 --> 23:17.260 what happened to $21 trillion in transactions 23:17.800 --> 23:18.820 that are unsupported. 23:19.560 --> 23:21.940 But you could answer that question. 23:22.460 --> 23:24.160 And I haven't gotten an answer. 23:26.860 --> 23:30.700 So that's the kind of interaction I've had 23:30.700 --> 23:32.380 with the Office of the Inspector General. 23:32.520 --> 23:34.940 I've talked with the Office of Management at Budgeman. 23:35.020 --> 23:36.340 I've talked with the GAO. 23:36.340 --> 23:41.120 And so, but nobody seems to have any clarity on this. 23:41.220 --> 23:42.600 I've tried to reach out to lawmakers 23:42.600 --> 23:45.100 and I get very little interest or response. 23:46.580 --> 23:50.140 So that's the kind of thing that has happened 23:50.140 --> 23:54.000 along the way that I just, I can't make sense of. 23:54.600 --> 23:58.600 And then there was a hearing, a C-SPAN hearing 23:58.600 --> 24:01.280 with David Norquist who's the Comptroller of the DoD. 24:01.860 --> 24:05.920 And so this was on, I think, something called Metabunk 24:05.920 --> 24:10.900 and Norquist was explaining, well, with the $6.5 trillion, 24:11.560 --> 24:14.500 there was a lawmaker asking, how could that possibly be? 24:14.620 --> 24:15.640 This is just crazy. 24:16.400 --> 24:20.980 And Norquist says, well, you have the general fund ledger 24:21.800 --> 24:25.780 and then you have the property book ledger 24:25.780 --> 24:28.080 and these systems don't talk to each other. 24:28.880 --> 24:32.540 And so when you have something happen on the property book, 24:32.540 --> 24:36.260 you've got to somehow reflect that in the general fund book. 24:36.780 --> 24:39.800 And so let's say you have a base closure and it says, 24:39.820 --> 24:41.380 well, that could be in the hundreds of billions 24:41.380 --> 24:43.120 that you'd write down on your property book 24:43.120 --> 24:45.340 and you have to reflect it over here. 24:45.340 --> 24:47.860 And that's the reason that we have 6.5. 24:47.880 --> 24:49.740 It could be hundreds of billions. 24:50.280 --> 24:53.820 And so I thought, well, I read the report. 24:54.100 --> 24:55.340 So I looked at the report. 24:55.780 --> 24:59.260 And indeed there are about $160 billion 24:59.900 --> 25:01.980 in transfers related to property, 25:02.540 --> 25:04.080 transactions related to property. 25:04.760 --> 25:08.180 So that's a huge number just for a change in the property book. 25:08.300 --> 25:10.960 So it doesn't say what those were for. 25:11.700 --> 25:15.400 But even more importantly, that's only, you know, 25:15.520 --> 25:17.900 what, 2% or 3% of $6.5 trillion. 25:19.140 --> 25:21.740 There's a whole set of transactions 25:21.740 --> 25:25.000 that are unsupported that Norquist just completely ignores 25:25.000 --> 25:27.160 and nobody asks any more questions. 25:27.360 --> 25:27.880 And that's it. 25:27.980 --> 25:29.060 And that's the explanation. 25:29.680 --> 25:31.780 Right. Clearly inadequate. 25:32.780 --> 25:35.440 And, you know, is he being deceptive? 25:36.040 --> 25:37.700 You know, did he lie? 25:37.980 --> 25:40.380 And if he were in the court of law, would he have lied? 25:40.720 --> 25:43.540 Well, he didn't say something that was untrue. 25:43.920 --> 25:46.020 It was just totally incomplete. 25:47.820 --> 25:48.460 All right. 25:48.540 --> 25:51.120 That's just a taste of my 2018 conversation 25:51.120 --> 25:54.020 with Dr. Mark Skidmore about the concept 25:54.020 --> 25:56.000 of the missing $21 trillion 25:56.380 --> 26:00.020 and the investigation that was ongoing at that time 26:00.020 --> 26:02.340 at missingmoney.solari.com. 26:02.720 --> 26:04.860 So there's more information there to be had 26:04.860 --> 26:05.800 if you are interested. 26:06.120 --> 26:09.160 But wait, it gets even worse. 26:09.600 --> 26:12.940 Because shortly after that missing money investigation 26:12.940 --> 26:16.340 started to uncover the $21 trillion number 26:16.340 --> 26:18.780 and shortly after my conversation with Dr. Mark Skidmore, 26:19.340 --> 26:21.820 a little-known advisory board 26:21.820 --> 26:25.020 issued a new federal accounting standard 26:25.020 --> 26:27.940 that went noticed by almost no one in the world 26:28.420 --> 26:30.800 that made the issue of the $21 trillion 26:31.620 --> 26:33.960 look itself like chump change 26:33.960 --> 26:38.360 because the new number is infinity or zero 26:38.360 --> 26:39.440 or somewhere in between 26:39.440 --> 26:42.000 and you're not allowed to know. 26:42.520 --> 26:43.920 You can't make this stuff up. 26:44.060 --> 26:45.540 So this all revolves around something 26:45.540 --> 26:48.900 called FASAB statement 56 or FASAB 56, 26:49.080 --> 26:51.540 which again, almost no one in the world 26:51.540 --> 26:54.020 was paying attention to, except for 26:54.020 --> 26:56.260 Katherine Austin-Fetz and Solari.com, who 26:57.040 --> 26:59.860 as presumably as a result of all of these investigators 26:59.860 --> 27:02.100 and researchers poking their nose 27:02.100 --> 27:04.060 into the missing trillion's issue 27:05.000 --> 27:07.520 provoked this new federal accounting standard. 27:07.920 --> 27:09.200 So if you want to know more about that, 27:09.220 --> 27:11.140 obviously there is more information at Solari.com. 27:11.260 --> 27:13.740 I'll point you to a good overview of the topic 27:13.740 --> 27:15.560 called FASAB statement 56, 27:16.080 --> 27:18.740 Understanding Government Financial Accounting Loopholes 27:18.740 --> 27:19.820 from the Solari reports 27:19.820 --> 27:22.100 substack from January of 2025, 27:22.580 --> 27:27.200 in which it notes that this hitherto obscure advisory board 27:27.200 --> 27:30.060 that was set up in response to the CFO, 27:30.220 --> 27:31.880 the Chief Financial Officer Act, 27:32.220 --> 27:35.680 called the Federal Accounting Standards Advisory Board 27:35.680 --> 27:38.360 had released in 2018 a statement 27:38.360 --> 27:41.200 of Federal Financial Accounting Standards 56, 27:41.680 --> 27:43.560 which took government accounting practices 27:43.560 --> 27:46.100 from laxly enforced reporting standards 27:46.100 --> 27:47.620 to a new benchmark, 27:47.620 --> 27:51.560 entirely expressed in a new benchmark entirely, 27:51.700 --> 27:55.000 expressly approved obfuscation of reporting, 27:55.360 --> 28:00.240 and in some cases outright concealing financials. 28:00.280 --> 28:03.060 Yes, the importance of this for the question 28:03.060 --> 28:06.920 of missing trillions or quadrillions 28:06.920 --> 28:10.920 or quintillions or whatever of missing phony funny money 28:10.920 --> 28:15.900 from the federal budget is put into crystal clear focus 28:15.900 --> 28:20.440 by this particular and almost entirely obscure 28:20.440 --> 28:23.240 Federal Accounting Standards Advisory Board 28:23.240 --> 28:24.840 and their statement 56. 28:25.240 --> 28:28.940 So hopefully, again, if you are a dedicated corpiteer, 28:29.060 --> 28:30.460 you will already know about this 28:30.460 --> 28:31.620 because you'll know that I've talked to 28:31.620 --> 28:33.560 Catherine Austin Fitz about this a couple of times. 28:34.180 --> 28:36.640 Firstly, in September of 2019, 28:36.640 --> 28:39.640 where we talked about this FASAB 56 28:39.640 --> 28:42.540 and how it relates to the concept of the missing 21, 28:42.540 --> 28:44.640 question mark trillion dollars. 28:46.040 --> 28:48.820 Catherine Austin Fitz, let's start informing people 28:48.820 --> 28:52.320 about FASAB 56 and the completion question mark 28:52.320 --> 28:53.660 of the financial coup d'etat 28:53.660 --> 28:56.940 that's been going on for at least the past couple of decades. 28:58.760 --> 29:00.020 Right, absolutely. 29:00.400 --> 29:03.160 There's now 21 trillion and undocumented adjustments 29:03.160 --> 29:03.980 that we know about. 29:04.200 --> 29:06.480 You discussed those with Dr. Skidmore. 29:07.200 --> 29:08.920 And while everyone was paying attention to, 29:09.180 --> 29:10.140 or I shouldn't say everyone, 29:10.140 --> 29:14.280 many people were paying attention to Supreme Court Justice 29:14.280 --> 29:16.360 as then nominee, Kavanaugh, sex life, 29:16.880 --> 29:19.800 what was quietly working its way through both the White House 29:19.800 --> 29:20.840 and through the Congress 29:21.410 --> 29:24.340 was the Federal Accounting Standards Advisory Board. 29:24.500 --> 29:25.980 Now that's the federal one. 29:26.600 --> 29:29.180 And it was a policy, James, that would allow 29:30.420 --> 29:33.880 both essentially the White House and the government 29:33.880 --> 29:37.280 to take sections of 24 agencies 29:37.280 --> 29:40.500 plus another 150 federal agencies secret. 29:40.960 --> 29:43.500 So now the government is free to have secret books 29:43.500 --> 29:46.220 by a process that we're not allowed to know 29:46.220 --> 29:48.460 and approved by people we're not allowed to know. 29:48.880 --> 29:50.660 And we're not allowed to know that they didn't. 29:50.800 --> 29:53.720 So when you look at the federal government books, 29:53.840 --> 29:54.960 they're totally meaningless. 29:55.560 --> 29:59.180 And the theory is that an informal policy board 29:59.180 --> 30:00.700 can promulgate a policy 30:01.360 --> 30:04.500 approved at the sort of administrative level 30:04.500 --> 30:08.100 that completely overrides all the financial management laws 30:08.100 --> 30:10.220 and the US Constitution requirements 30:10.220 --> 30:11.360 on financial disclosure. 30:12.140 --> 30:13.740 So what I did at the end of the year, 30:13.780 --> 30:15.960 as I said, it's time to take everything, 30:16.520 --> 30:20.180 all of the documentation on 30 years of shenanigans 30:20.180 --> 30:22.880 on the federal credit, put it in a hard copy 30:22.880 --> 30:25.320 and mail it to investors 30:25.320 --> 30:27.740 and concerned citizens all around the world. 30:28.000 --> 30:31.660 Because this is an issue, what they did, James, 30:31.660 --> 30:34.860 you know, when you describe the policy, 30:34.860 --> 30:36.660 it sounds very obscure. 30:37.380 --> 30:40.100 What they did was they basically took the majority 30:40.100 --> 30:42.120 of the US securities market dark. 30:44.620 --> 30:47.060 Right. Now, let's flesh that out for people 30:47.060 --> 30:49.160 who don't understand the significance of that. 30:49.280 --> 30:51.260 Of course, the US securities market is 30:51.880 --> 30:54.000 the underpinning, the backbone of the entire 30:54.000 --> 30:55.320 global financial architecture, 30:55.320 --> 30:57.880 as it existed in the post-World War II era 30:57.880 --> 30:59.840 and the idea of taking that dark. 31:00.280 --> 31:01.000 What does that mean? 31:01.000 --> 31:03.820 Put handles on that so people can grasp it. 31:04.020 --> 31:05.860 It's the underpinning, because remember, 31:06.160 --> 31:09.020 we've grown the emerging market bond 31:09.020 --> 31:11.660 and stock markets significantly since 1990. 31:11.980 --> 31:13.400 They've really grown tremendously, 31:13.880 --> 31:17.040 but it's still the 800-pound gorilla in the room. 31:17.680 --> 31:19.980 What you've got is US Treasury securities 31:19.980 --> 31:22.680 and anything related to US Treasury securities 31:22.680 --> 31:24.080 are dependent on the federal credit. 31:24.500 --> 31:27.540 Now, does not have appropriate disclosure behind it. 31:27.920 --> 31:29.880 And then all the private stocks, 31:29.880 --> 31:32.160 all the private companies who are dependent 31:32.160 --> 31:36.000 on federal credit for their either contracts 31:36.000 --> 31:39.320 or a variety of different subsidy programs. 31:40.120 --> 31:42.720 So when I say the majority of the US securities market, 31:42.860 --> 31:44.300 I mean all the private companies 31:44.300 --> 31:46.640 who are very dependent on the federal credit 31:46.640 --> 31:47.820 both directly and indirectly, 31:48.140 --> 31:51.500 as well as Treasury bonds and all the related bonds 31:51.500 --> 31:53.920 like Freddie, Fanny's and the mortgage securities. 31:54.520 --> 31:57.320 So you're talking about a very significant portion. 31:57.320 --> 32:00.500 I should also mention municipal bonds, 32:00.620 --> 32:02.260 which are heavily dependent on money 32:02.260 --> 32:03.260 coming out of the Treasury. 32:03.680 --> 32:05.080 If I go to any county, 32:05.240 --> 32:07.560 and America's just divided into 3,100 counties, 32:08.340 --> 32:11.840 there is usually 50% or more of the revenues 32:11.840 --> 32:13.560 in that county directly or indirectly 32:13.560 --> 32:14.900 come from the federal credit. 32:15.620 --> 32:19.600 So we have centralized an enormous amount 32:19.600 --> 32:22.760 of the US economy and securities market 32:22.760 --> 32:24.140 running through the federal credit. 32:24.300 --> 32:25.980 And if you take that mechanism dark, 32:25.980 --> 32:29.240 it means everything in that process goes dark. 32:29.460 --> 32:32.060 So for example, we have 25 trillion dollars 32:32.060 --> 32:33.380 in US pension funds. 32:33.520 --> 32:36.160 The US pension funds are the largest investors 32:36.160 --> 32:37.260 in US Treasuries. 32:37.800 --> 32:40.480 Now let me just walk you mechanically how this works. 32:41.360 --> 32:43.620 I put a dollar into my pension fund. 32:43.780 --> 32:44.500 That's real savings. 32:45.420 --> 32:47.760 My pension fund turns around and buys 32:47.760 --> 32:49.680 a US Treasury with that dollar. 32:50.060 --> 32:51.500 The dollar goes into Treasury. 32:51.720 --> 32:53.560 If you look at the 21 trillion missing 32:53.560 --> 32:54.720 from the federal government, 32:54.720 --> 32:57.820 let's just postulate that that dollar leaves 32:57.820 --> 33:00.560 by some unknown mechanism out the back door. 33:00.940 --> 33:03.480 What do I, the pension fund holder, have? 33:03.960 --> 33:05.260 I've got a Treasury security 33:05.260 --> 33:07.200 that I'm liable for as a taxpayer. 33:07.600 --> 33:10.740 So I've just converted a dollar of an asset 33:10.740 --> 33:12.260 into a dollar of liability. 33:12.920 --> 33:14.220 Now, you can say to me, 33:14.260 --> 33:16.920 I can't prove that that's happening. 33:17.460 --> 33:19.700 If you look at the refusal of the federal government 33:19.700 --> 33:22.240 to comply with the federal financial statement laws 33:22.240 --> 33:26.000 since they were promulgated in the mid-90s, 33:26.540 --> 33:29.100 I don't know that it's not disappearing out the back door. 33:29.600 --> 33:31.660 We have no reliable financial statements. 33:32.320 --> 33:34.920 And when a group of people, Dr. Skidmore, 33:34.980 --> 33:37.300 myself pressured for reliable financial statements, 33:37.680 --> 33:42.240 what we got was FASB 56 and a government promulgation 33:42.240 --> 33:44.520 of an administrative policy that says 33:44.520 --> 33:46.540 we can keep all of our books secret. 33:47.500 --> 33:49.580 Now, what that means is 33:49.580 --> 33:52.420 we're required to pay taxes into a mechanism 33:53.040 --> 33:56.280 and they're not required to tell us what they did with our money. 33:57.340 --> 33:59.200 I mean, that's fascism. 33:59.560 --> 34:00.860 That is not a democracy. 34:01.220 --> 34:02.100 That's fascism. 34:02.260 --> 34:04.360 So what we're watching is the conversion 34:04.360 --> 34:07.720 of the governance model of the United States of America 34:08.220 --> 34:11.500 into a straight fascism system. 34:11.880 --> 34:14.240 Because in fact, if you look at where the money's going, 34:14.640 --> 34:16.540 those governmental operations increasingly 34:16.540 --> 34:18.360 are not run by government employees. 34:18.360 --> 34:20.300 They're run by private corporations. 34:20.680 --> 34:23.400 So we're basically forced by law 34:23.400 --> 34:27.080 to pay an enormous amount of taxes into this system. 34:27.540 --> 34:29.200 And our pension funds and retirement funds 34:29.200 --> 34:31.160 are buying an enormous amount of these securities. 34:31.720 --> 34:33.080 The money's going into the system. 34:33.240 --> 34:35.200 It's going into the hand of private corporations. 34:35.460 --> 34:36.560 The assets increasingly 34:36.560 --> 34:39.400 are going into the balance sheets of private corporation. 34:40.000 --> 34:41.640 And there's no reporting back. 34:41.880 --> 34:42.460 It's a secret. 34:42.800 --> 34:43.760 It's a black box. 34:45.260 --> 34:48.660 Once again, that is Catherine Austin-Fitz of Solari.com 34:48.660 --> 34:51.260 and that is just a taste of our conversation 34:51.260 --> 34:53.280 from September of 2019 34:53.280 --> 34:55.940 where she explains the financial coup d'etat. 34:56.160 --> 34:57.740 So I hope that you will follow the link 34:57.740 --> 34:59.280 from the hyperlinked transcript 34:59.280 --> 35:02.260 of today's episode at CorbettReport.com 35:02.260 --> 35:03.360 slash MissingTrillions 35:04.340 --> 35:06.500 to find that full conversation 35:06.500 --> 35:10.060 and also to find the follow-up conversation, 35:10.280 --> 35:12.960 which I will mention now in November of 2019, 35:12.960 --> 35:16.180 I recorded a conversation with Catherine Austin-Fitz 35:16.180 --> 35:19.140 on the topic of where the Missing Trillions are going, 35:19.360 --> 35:21.160 which seems a very good question 35:21.160 --> 35:23.000 to be asking in all of this. 35:23.300 --> 35:26.300 So I hope that at the very least today 35:26.300 --> 35:28.880 I have provided a little bit more context 35:28.880 --> 35:30.760 and detail to the Missing Trillions story. 35:30.900 --> 35:32.520 It is a big story 35:32.520 --> 35:35.620 and I recognize that financials 35:35.620 --> 35:38.280 and budgets and numbers and accounting 35:38.280 --> 35:42.120 is not the sexiest side of conspiracy reality. 35:42.120 --> 35:45.100 It's not the woo woo explosive whatever 35:45.100 --> 35:47.440 that people love to talk about endlessly, 35:47.440 --> 35:50.080 but it is exceptionally important. 35:50.240 --> 35:51.920 I think you will grant. 35:52.340 --> 35:54.620 So if you are interested in this subject, 35:54.720 --> 35:56.680 once again, the complete hyperlinked transcript, 35:56.960 --> 35:58.140 everything that I've talked about, 35:58.280 --> 36:00.280 all of the interviews, everything I've shown today 36:00.280 --> 36:03.940 will be at CorbettReport.com slash MissingTrillions. 36:04.200 --> 36:05.520 But if you are interested in 36:05.520 --> 36:08.360 the aforementioned 9-11 Trillions documentary, 36:08.900 --> 36:10.540 of course that is available 36:10.540 --> 36:14.520 at CorbettReport.com slash 9-11 Trillions. 36:15.280 --> 36:16.720 The complete hyperlinked transcript, 36:16.900 --> 36:18.900 whole documentary, audio, video formats, 36:19.180 --> 36:21.640 as usual, is all up there for free. 36:21.740 --> 36:24.180 Or you can purchase the DVD version 36:24.640 --> 36:27.080 at NewWorldNextWeek.com 36:27.080 --> 36:30.660 to help make independent reporting like this possible. 36:30.880 --> 36:34.600 And I hope other people who have had their whistle wetted 36:34.600 --> 36:38.500 by today's exploration will take up the mantle 36:38.500 --> 36:41.720 and start looking at this incredibly important 36:41.720 --> 36:45.520 but oddly neglected aspect of the 9-11 mystery, 36:46.020 --> 36:46.780 The Missing Trillions. 36:47.400 --> 36:48.680 And on that note, we're going to leave 36:48.680 --> 36:50.860 today's exploration here for today. 36:51.060 --> 36:53.360 I thank you for investing your mind time 36:53.360 --> 36:54.260 in today's exploration. 36:54.800 --> 36:58.680 We're going to leave today with the interesting 36:58.680 --> 37:03.080 parting words of Secretary of Defense Donald Rumsfeld 37:03.080 --> 37:07.540 in the infamous September 10th, 2001 press conference 37:07.540 --> 37:11.760 in which he announced his war on bureaucracy 37:12.500 --> 37:13.800 the day before 9-11. 37:14.440 --> 37:16.880 But here's a part of that press conference 37:16.880 --> 37:18.800 that you probably haven't seen 37:18.800 --> 37:20.900 unless you were a Corbett Report here. 37:21.380 --> 37:22.020 Here it is again. 37:23.480 --> 37:26.560 Some might ask how in the world could the Secretary of Defense 37:26.560 --> 37:28.660 attack the Pentagon in front of its people? 37:29.660 --> 37:32.660 To them I reply, I have no desire to attack the Pentagon. 37:33.300 --> 37:34.980 I want to liberate it. 37:37.580 --> 37:41.400 Since the day of 9-11, we've been told what happened. 37:41.840 --> 37:45.000 Freedom itself is under attack. 37:46.040 --> 37:47.880 We've been told who to blame. 37:48.860 --> 37:50.420 The Taliban and Al Qaeda. 37:50.960 --> 37:51.600 Some have been lauded. 37:51.800 --> 37:53.020 Terrorists in the terrorist network. 37:53.340 --> 37:55.820 Osama bin Laden, the leader of Al Qaeda. 37:56.520 --> 37:58.960 We've been told what to think. 38:00.000 --> 38:03.300 Let us never tolerate outrageous conspiracy theories 38:04.020 --> 38:07.100 concerning the attacks of September the 11th. 38:07.540 --> 38:11.260 But if you haven't seen 9-11 trillions or 9-11 war games, 38:12.100 --> 38:14.320 you don't know anything about 9-11. 38:16.540 --> 38:19.600 Some might ask how in the world could the Secretary of Defense 38:19.600 --> 38:21.720 attack the Pentagon in front of its people? 38:22.180 --> 38:26.600 We had four war games going on on September 11th. 38:26.600 --> 38:28.440 8.5 trillion dollars. 38:28.740 --> 38:31.660 The most extraordinary coincidences in the history of mankind. 38:32.020 --> 38:34.860 We've never seen so much real-world stuff happen during an exercise. 38:34.860 --> 38:40.520 It is, I was going to say, terrifying.