In this report I cover the early market action from London on Friday, August 31st, 2018. I look briefly at the precious metals, the stock market, the dollar, the bond market and the oil price.
Today I talk about the missing or unaccounted for $21 trillion that the U.S. government has spent in the last twenty years. I look at an article in Forbes.com in which Professor Kotlikoff explains how he, Mark Skidmore and Catherine Austin-Fitts have come up with this figure.
My take on this matter is that the banker to the U.S. government should be able to help as all money goes through banks. The Federal reserve System is the fiscal agent to the U.S. government so it should not be hard to comb through the governments accounts to find where all these trillions have gone.
My conclusion is that the Federal Reserve and the U.S. Congress don't want the public to know where this money has gone and that is why the push to audit the Federal Reserve has gone nowhere up until now.
"Has Our Government Spent $21 Trillion Of Our Money Without Telling Us?": https://www.forbes.com/sites/kotlikoff/2017/12/08/has-our-government-spent-21-trillion-of-our-money-without-telling-us/#7a8496947aef
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