Bishop Fulton J. Sheen. Find his books here.
Tuesday, March 11, 2025
Monday, March 10, 2025
SASHA LATYPOVA: Congress knows who was in charge...[they know about]...DARPA
"Stop pretending [COVID] was a public health event."
— Sense Receptor (@SenseReceptor) March 11, 2025
"What was the basis for the declaration of a CBRN emergency at HHS?...congressional investigations ignore [that]."
"Congress knows who was in charge...[they know about]...DARPA."
"[Congress is distracting us] on purpose."… pic.twitter.com/vQDghdCmx4
"Stop pretending [COVID] was a public health event."
"What was the basis for the declaration of a CBRN emergency at HHS?...congressional investigations ignore [that]." "Congress knows who was in charge...[they know about]...DARPA." "[Congress is distracting us] on purpose."TOBY ROGERS: 'In 1943, there were about a dozen Americans with autism. In 2025, there are between 3.5 and 5 million Americans with autism.' O, and the costs to families . . .
'In 1943, there were about a dozen Americans with autism. In 2025, there are between 3.5 and 5 million Americans with autism. Additional lifetime care costs = $5 million to $7 million per person with autism. So autism costs are already between $17.5 and $35 trillion, just a bit…
— Toby Rogers (@uTobian) March 10, 2025
MATT TAIBBI, 2019: a little-known government body called the Federal Accounting Standards Advisory Board—FASAB—that essentially legalized secret national security spending.”
Thank you to Catherine Austin Fitts @ Solari Report.
From fiscal years 1998 to 2015, $21 trillion went missing from the U.S. Departments of Defense and Housing and Urban Development (DOD and HUD). After Catherine and Professor Mark Skidmore published several landmark reports documenting this astounding fact, the government forestalled any further research into the missing money by promulgating, in October 2018, Federal Accounting Standards Advisory Board Statement 56 (“SFFAS 56” or, as we refer to it, “FASAB 56”). FASAB 56 is an administrative policy that essentially lets the government keep secret books in contravention of the federal financial management laws enshrined in the Constitution.
People often ask us, “Why does no one else ever talk about the missing money?” In early 2019, intrepid journalist Matt Taibbi did. After the implementation of FASAB 56, Taibbi not only gained mastery over the complex topics of “classified money-moving” and failed Pentagon audits but wrote two excellent articles about these developments at Rolling Stone (see links below).
Taibbi’s prose is elegant, evocative, and, at times, comedic. In his article about SFFAS 56, he wrote,
“I spent weeks trying to find a more harmless explanation for SFFAS 56, or at least one that did not amount to a rule that allows federal officials to fake public financial reports. I couldn’t find one. This new accounting guideline really does mean what it appears to mean…. Add now the possibility of future ‘modifications,’ and the real answer for how big a share of national spending belongs to the intelligence community is probably ‘God only knows.’”
In his subsequent article about the Pentagon’s ridiculous claims that it is unable to manage its books, Taibbi suggested that the “failures” were likely to be cover for “long-tolerated fraud” and “Enron-esque accounting trick[s]”:
“Despite being the taxpayers’ greatest investment—more than $700 billion a year—the Department of Defense has remained an organizational black box throughout its history. It’s repelled generations of official inquiries, the latest being an audit three decades in the making, mainly by scrambling its accounting into such a mess that it may never be untangled. Ahead of misappropriation, fraud, theft, overruns, contracting corruption and other abuses that are almost certainly still going on, the Pentagon’s first problem is its books. It’s the world’s largest producer of wrong numbers, an ingenious bureaucratic defense system that hides all the other rats’ nests underneath. Meet the Gordian knot of legend, brought to life in modern America.”
As we fast-forward to 2025, we would note that DOGE and the Trump Administration have remained utterly silent on the topic of the missing money, nor have they mentioned or taken any steps to reverse FASAB 56, which took effect during the first Trump Administration. Shouldn’t missing trillions and secret books be at the top of any “government efficiency” priority list?
Related:
Racket News (Matt Taibbi on Substack)
Has the Government Legalized Secret Defense Spending? Matt Taibbi, Rolling Stones, January 16, 2019.
The Pentagon’s Bottomless Money Pit, Matt Taibbi, Rolling Stone, March 17, 2019.
Related at the Solari Report:
FASAB Statement 56: Understanding New Government Financial Accounting Loopholes,
The Solari Papers #3: Musings on the Department of Defense,
RAY DALIO: U.S. won’t ‘be competitive in manufacturing with China in our lifetime’
So instead of fixing the situation, the US manufacturers' union along with the federal government instead prefers to paint China as a threat, which it is economically, since we've handed innovation in our powerhouse manufacturing sector to them.
Billionaire investor Ray Dalio says that the U.S. won’t ‘be competitive in manufacturing with China in our lifetime’
— unusual_whales (@unusual_whales) March 10, 2025
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