Thursday, May 24, 2018

$21 trillion lost: Largest theft in history buried under guise of US national security

In his show, Camp recalled that a couple of years ago professor Mark Skidmore of Michigan State University heard Catherine Austin Fitts, former Assistant Secretary in the Department of Housing and Urban Development, say that the Department of Defense Inspector General had found $6.5 trillion worth of unaccounted for spending by the Army in 2015.

Skidmore, being an economics professor, thought "She meant $6.5 billion and not $6.5 trillion", because "Trillion would mean the Pentagon misplaced more money than the Gross Domestic Product of the whole of the United Kingdom", Camp said.

"So he looked into the Inspector General's report and he found something interesting: it was 6.5 trillion dollars!".

These documents indicate $21 trillion in unsupported adjustments that had been reported for the DoD and Housing and Urban Development for the years 1998 -2015.

"If you make 40,000 USD a year, how long would it take you to make one trillion dollars? It would take you 25 million years, which sounds like a long time, but once you get past the ten million mark, it really flies by," Camp noted.

The Inspector General report indicated that unsupported adjustments were the result of the Defense Department's "Failure to correct system deficiencies".

Lee Camp noted that mainstream media didn't pay due attention to the story which he describes as "The largest theft in history covered up under the guise of national security."

https://www.rt.com/usa/426643-lee-camp-pentagon-theft/ 

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