$21 Trillion Is Missing, but Yellen Thinks You as a Tax Payer Should Pay Another $7 Trillion

21 Trillion Is Missing, but Yellen Thinks You as a Tax Payer Should Pay Another 7 Trillion

This week, we begin publication of our 2024 Annual Wrap Up. Dr. Joseph P. Farrell joins me for Part I of News Trends & Stories. Our Annual Wrap Up theme is “Protecting Your Assets.”

Full… pic.twitter.com/aOwDUROvpj

— The Solari Report (@solari_the) January 15, 2025

So DOGE starts, and as you know Catherine has suffered, as a Solari team has suffered, a great deal of negative headwinds throughout the last year trying to warn people that Trump can't solve the problems and he's not going to.  And basically saying, you know, Trump's last presidency was the worst presidency for small businesses in the history of America and he funded a mass atrocity.  So can we be realistic about what we're dealing with here?  Anyway, so this did not make us popular.  So DOGE starts, and, of course, a lot of people have tremendous hopes that it's going to do something productive, and the first thing they announced . . . no.  If there's $21 trillion missing from the federal government as of 2015, what would we do.  The first thing we'd do is we'd go to the Treasury and we'd audit the New York Fed, not the New York Fed itself but the New York Fed Management of the Treasury Depository Accounts and the Treasury Business.  So we audit Treasury.  We'd audit New York Fed aspects of the Treasury we particularly look at all the wires that went out of the Treasury accounts to the BIS and other sort of sovereign countries when that $21 trillion was going missing.  We'd look at the Pentagon accounts and we'd look at the HUD accounts.  Did they announce they're going to do that?  No.  What was the first announcement?  The first announcement is they're going to go audit the IRS.  And I want you to remember two facts: one, Palantir as of 2018 had a major contract with the IRS, okay?  And Palantir's stock is the number one highest performing stock in the U.S. stock market in 2024, outperforming everybody.  Somebody thinks Palantir is headed into getting a lot of, lot a, lot of business.  So I want you to watch this video clip of . . . this is Janet Yellen talking about why America can afford two wars.

02:19.  Janet Yellen, 

We've raised $60 billion to strengthen the Internal Revenue Service there are enormous uncollected taxes that are due, the so-called "tax gap" is estimated at $7 trillion over the next decade in funneling we're modernizing and strengthening our Internal Revenue Service so it can better serve Americans and also collect the taxes that are due. 

So first we are going to the IRS.  Palantir's stock is up wildly we believe they still have their contracts with the IRS and Janet Yellen says that the American people owe $7 trillion.

03:12.  Yeah, we've lost $21 trillion and that means that you people owe us more.

03:18. Right.  Right, because the $21 trillion that calculation stopped as of 2015.  Then we got FASAB-56 that said okay we're going to take the books secret.  We know when that $21 trillion was calculated and we announced it in 2017, the public debt was $21 trillion.  So let's just assume that we got $36 trillion of debt now, and the missing money is up to $36 trillion.

03:41. Yeah, and it's our fault. And we need stronger more stringent tax collection.  The brazenness of these people never ceases to amaze me.

03:54.  Vivek Ramaswamy he did not say that he was going to do it to collect the $7 trillion.  Somehow they think they can get enormous efficiencies out of re-engineering the Internal Revenue Service, but . . . 

04:10.  This is my problem with the whole connection of the incoming Administration to this DOGE unit, this think tank of two people, Elon Musk and Vivek Ramaswamy.  My whole problem is, like you, I keep waiting to hear what are you going to do about FASAB56?  What are you going to do about real auditing to find out where this missing money went?  And what are you going to do to get it back?  Forget about taxing me more.  I'm fed up with the piddly taxes that I already pay because the streets and roads where I am at are absolutely in shambles . . . 

CATHERINE AUSTIN FITTS: Janet Yellen says that the American people owe $7 trillion on unpaid taxes. But instead of auditing the DOD, HUD, or NY FED, Elon Musk wants to audit the IRS. He's after the $7 trillion of unpaid taxes

DOGE—or the so-called Department of Government Efficiency (which isn't actually a governmental body of any kind but only a proposed advisory commission aimed at restructuring the U.S. federal government to reduce expenditures and increase efficiency)—may provide an opportunity for members of the incoming administration and their associates to "plunder...many trillions of dollars." --Catherine Austin Fitts

"Some of the proposals...DOGE [&] Elon Musk...are talking about...[it's] plunder that [may amount to] trillions of dollars...we have a [fed govt]...missing...$21 trillion...why would [DOGE] audit [IRS]? Because Janet Yellen says...people owe $7 trillion on unpaid taxes." (1/5)… pic.twitter.com/NcUwgEdh3m

— Sense Receptor (@SenseReceptor) January 2, 2025

"Some of the proposals...DOGE [&] Elon Musk...are talking about...[it's] plunder that [may amount to] trillions of dollars...we have a [fed govt]...missing...$21 trillion...why would [DOGE] audit [IRS]? Because Janet Yellen says...people owe $7 trillion on unpaid taxes." (1/5) Investment banker, former HUD official, and founder of the Solari Report (

@solari_the

) Catherine Austin Fitts describes for Greg Hunter (

@USAWatchdog

) how DOGE—or the so-called Department of Government Efficiency (which isn't actually a governmental body of any kind but only a proposed advisory commission aimed at restructuring the U.S. federal government to reduce expenditures and increase efficiency)—may provide an opportunity for members of the incoming administration and their associates to "plunder...many trillions of dollars." Fitts notes that while the U.S. federal government is missing $20 trillion in DOD spending alone, DOGE has not decided to target that agency; on the contrary, the advisory body, Fitts notes, is apparently starting with an "audit" of the IRS. Fitts says this audit will be conducted in order to gather "$7 trillion in unpaid taxes" highlighted by Secretary of the Treasury and former Chair of the Federal Reserve Janet Yellen. "If you look at some of the proposals that the DOGE Elon Musk group are talking about, or Howard Lutnick, who's going in as the Secretary of Commerce, are talking about, we're talking about...plunder that could go into the many trillions of dollars," Fitts tells Hunter. "Remember, we have a federal government that is missing as of 2015, $21 trillion, and then they took the books dark, so we don't know how much they're missing from 2015 on. And...this stealing has been going on since 1998. And you have factions who think, 'Okay. It's our turn now. It's our turn to steal.' Right?" "So think about this," Fitts says. "If you knew the federal government was missing $21 trillion and you and I went into the treasury and said, 'Okay. We're gonna work on government efficiency. We're gonna find out where that $20 trillion that disappeared from the Pentagon and a trillion dollars that disappeared from HUD. We're gonna go over the New York Fed and the treasury and look at the bank accounts and find out where that money went and get it back.' Right? So who would we audit? We'd audit the New York Fed. Right? We'd audit the treasury. We'd audit DOD. We'd audit HUD. Right?" When Fitts asks (semi-rhetorically), "Who was the first audit to be announced by the DOGE team?" however, she notes that DOGE has targeted the IRS.

"Now why would they audit the Internal Revenue Service?" Fitts asks. "Because Janet Yellen says that the American people owe $7 trillion on unpaid taxes. There's only one reason you'd go over to the IRS and that is because you wanna collect the $7 trillion. So you're not trying to find the $21 trillion that's disappeared out the back door. You're trying to find the $7 trillion that the American people, Janet Yellen says, owe the Treasury. Right? Why else why else would you audit the IRS?" 

Here is the missing $21 trillion.

(4/5) Here is a clip from a Children's Health Defense video in which Fitts describes how the Department of Defense has stolen $20 trillion of U.S. taxpayer money: https://t.co/MTcFJ2YkGO

— Sense Receptor (@SenseReceptor) January 2, 2025

TOM LUONGO: the United States is now effectively for the first time ever in the history of the United States has a banking system that's independent of the city of London

the United States is now effectively for the first time ever in the history of the United States has a banking system that's independent of the city of London.  I mean this goes all the way back to the Revolutionary War, the post-revolutionary. Where we were still so dependent upon trade with Britain that they effectively controlled our monetary policy, and, you know, it stayed that way all through the 1800s, all through . . . and then into the 1900s, and then we got their Central Bank model in 1913 . . . I just don't think anybody foresaw the United States finally being able to declare independence for real . . .  --Tom Luongo

Global Finance Chess Game, Role of Gold

Tom Luongo joins us for an uncut, candid discussion on the global financial markets, FED policies, Janet Yellen & her role, and the role of gold in general. @TFL1728 does NOT hold back in this one!

📺https://t.co/rQ4J7AeugS pic.twitter.com/0otyKTCnRw

— Kai Hoffmann (@JrMiningGuy) February 29, 2024

11:00. Because the minute I saw that Powell started tightening liquidity, the first thing I said was "this is going to impact disproportionately Europe, and then when the sanction packages went on and Europe decided to go along with the massive sanctions against Russia, the gut of the international standing of the euro and now the Euro does not flow around the world the Euro had a chance to Dethrone the dollar as a global Reserve currency and they chose not to do so okay now it's not my problem because the reason that Mario draghi and Christine Lagarde did what they did at the ECB and what was then done is because they always thought that they would have control ofglobalUNd by having a globalist like yelling or Bernanke running the Fed they've got power in charge of the Fed never expected to get sofa installed here in the United States and get us off of Libor never expected any of this to happen that was never part of their plan that's why they're really angry with Donald Trump and actually they're not even really angry with Donald Trump they're angry with Steve mnuchin hanning Jerome Powell to Donald Trump and Trump making him Fed Chair and then putting John Williams in at the New York Fed to implement SOFR, and now that we have a domestic get indexing rate that's not dependent upon city of London, the United States is now effectively for the first time ever in the history of the United States has a banking system that's independent of the city of London.  I mean this goes all the way back to the Revolutionary War the post-revolutionary. Where we were still so dependent upon trade with Britain that they effectively controlled our monetary policy, and, you know, it stayed that way all through the 1800s, all through . . . and then into the 1900s, and then we got their Central Bank model in 1913 and this is all part of the plan now.  I just don't think anybody foresaw the United States finally being able to declare independence for real, and that means of course that I'm implying that the people who are behind this policy are also anti-imperial and that they also want to destroy it, take down the American Empire, as well.  Now that's being fought tooth and claw by the political class.  That's the macro picture.  If you want to understand what's happening in the bond markets, in the oil markets, in the gold markets, in all of these markets, this is the fight, this is the war that's being fought over who's going to control the global financial system after the crash.  And Powell is setting things up to have the United States weather through the crash.  I don't see Christine Lagarde doing that.  I see her doubling down on the stuff that didn't work.  Why?  Because Christine Lagarde is not a banker, she's never managed money; she's a lawyer, and she's a political appointee who's been told to run the Gantt chart of the project.  She's a project manager is the best way to describe people like her and Ursula von der Leyen and the rest of them, and to a lesser extent Chuck Schumer and Mitch McConnell and all the rest of them here in the United States.  Just project managers and there's a big project, and it's called globalism or "Minority Report with more Germans."  It's a UN-run global government with Central Bank digital currencies, and, you know, living in pods, and all the rest of it.  That's their project.  They just get up every day and operate what's on the Gantt chart, and say, okay this is what we're supposed to do today, this is what we're supposed to say.  And when you see someone like Bruno Le Maire come out the other day and lament, 

"What is going on, why haven't we seized the $35 [bil lion]here the savings within Continental Europe to pay for climate change?  That was already supposed to be done by now.  Why have we not done this?"

This is the classic example of an IQ 105 midwit that was designed, that was put in power to run as a project manager and was wondering, like, "Where's the leadership?  What happened here?"  Like you can see it everywhere.  

15:15. The better metaphor is that they're the flying monkeys and the Wicked Witch of the West is now dead.  So, Kissinger's dead.  Jacob Rothschild just died this morning.  Brzezinski is dead.  The guys who built the Club of Rome, they're all dead, like everybody who put the system in place, who put this agenda in place they're all dead.  They were smart enough to build the agenda, but they put lieutenants in place that are just smart enough to run the agenda but not understand how the agenda works.  So therefore it's like a big production line that's missing critical parts, and you can't move the production line forward.  What we're seeing and the thing is lurching to a halt and what you're seeing at this point is them complaining that they don't have enough bolts to mount the doors on the truck that they're trying to build, or whatever metaphor you want to use, and they don't know what else to do.  So they get up in the morning and they keep doing what they're supposed to do:  they introduce laws and bills that are never going to be implemented; they continue to try and ban gas stoves here in the United States; they continue to push funding for Ukraine out the door, because they need to push the liquidity into the German banking system to keep it from collapsing.  These are their plans, and they still think that they can force Powell, and they try to improvise by trying to force Powell off of his "higher for longer" stance, and then the economic data keeps coming back slightly better than expected which gives Powell all the ammunition he needs to go,  "You know what?  It's still too early to talk about cutting rates."

16:57  I've now got on my board about a coin flip for a rate hike in the second half of this year, okay?  I came into this video I came into the year saying, "Yeah, probably 3 rate hikes--rate cuts in the second half of the year, one of my predictions for this year.  I was saying no recession officially until 2024, which I don't think we're going to get; there's just too much money floating around.  Joseph Wang agrees with me, and he understands the flow, the interplay of flow, far better than I do, far better than I do.  I mean I made that prediction, then I read his work, and I'm like, "Oh, cool!  Somebody else agrees with me."  I'm just saying that you know somebody who knows more of this than I do is saying the same things that I am I'm actually appealing not to my authority but to his

17:48.  And we have that, that was my one base case, and then the second base case was that I never thought that Powell was going to cut before the beginning of Q3.  

@ the 12:00 mark, Tom explains that it was Steve Mnuchin who handed Jerome Powell to Donald Trump.  Interesting.  Which pissed off the globalists. 

This illegitimate regime changed the definition of woman, vaccine, racism, and now recession in order to hide they are purposefully destroying our country.

This illegitimate regime changed the definition of woman, vaccine, racism, and now recession in order to hide they are purposefully destroying our country. https://t.co/Iu9ocHQePA

— Salty Cracker (@SaltyCracker9) June 21, 2022