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The Treasury's main payment system, PAM, handles about $5 trillion a year, roughly a billion dollars an hour. When we first looked at it, payments could be processed with no categorization or description – basically, untraceable blank checks. If this were a public company, it would be delisted, and the executives would be in jail. We recommended making payment categorization codes mandatory with some explanation required for each payment. This radical change is being implemented now, and I think it probably saves $100 billion a year. Where was that money going? It's hard to say what was waste and what was fraud. If the government sends money to someone who doesn't deserve it, is that waste, or fraud?

One of the reasons I really don't like Bitcoin is because Bitcoin has become the currency of choice for espionage around the world. If you're a North Korean trying to recruit an American scientist, you're you're gonna pay them in Bitcoin. Well, if you're a Chinese person trying to report to American intelligence, you're probably also getting paid in Bitcoin.

I'm Frank Vaughn, and today we're examining money laundering and the illicit drug market in Canada. Finding accurate numbers is challenging, as official data is scarce. In 2007, drug seizures had a street value of over $2.6 billion, which, adjusted for inflation, is about $3.9 billion today. However, this figure is likely much lower than reality. Estimates suggest the drug market could be as high as $156 billion, considering the ratio of seized drugs to those that reach the market. Additionally, money laundering in Canada is estimated at $113 billion annually. Combining these figures, we arrive at a total of $269 billion, representing about 12% of Canada's GDP. This highlights a significant issue of organized crime and corruption within the country. Thank you for watching, and please consider supporting this work.

The speaker asked Chat GPT how much money the Pentagon had unaccounted for in its last audit. Chat GPT initially stated the Pentagon had about $220 billion in assets. The speaker thought the figure was closer to $1.5 trillion and corrected Chat GPT. Chat GPT responded that the speaker was correct and that in its most recent audit, the Pentagon could not account for $1.5 trillion in assets. The speaker then prompted Chat GPT to put $1.5 trillion into perspective. Chat GPT stated that if you spent $1 million every day since the birth of Christ, you still would not have spent $1.5 trillion, and it would take over 4,100 years to reach that amount. The speaker emphasizes that $1.5 trillion is just the amount of money that is unaccounted for.

There's even more bad news as China's economy exposes a deeper problem in shadow banking. The shadow banking sector is estimated to be worth at least $3,000,000,000,000, and that's in China alone. And it all started with real estate. The country is facing a financial meltdown. Every week, there is a new headline about its impairments.

Our financial systems are antiquated. We're unable to track trillions of dollars in transactions. Information sharing is severely limited by outdated and incompatible technological systems.

The digital euro will have some control, but for small amounts like €300-€400, there may be zero control, which could be risky due to past terrorist attacks funded by anonymous credit cards.

The GAO estimates that only 10 to 15 cents of every dollar reaches the intended recipient. There are multiple layers of theft, like contractors and subcontractors, peeling away at the money. Sometimes, after peeling away the layers, there is nothing left.

One of the reasons I really don't like Bitcoin is because Bitcoin has become the currency of choice for espionage around the world. If you're a North Korean trying to recruit an American scientist, you're gonna pay them in Bitcoin. Well, if you're a Chinese person trying to report to American intelligence, you're probably also getting paid in Bitcoin.

The speaker describes a pattern involving Somali couriers at the Minneapolis airport who arrive almost daily with a large amount of cash—“a million 600,000 in cash and a luggage.” This activity is presented as suspicious, with daily occurrences and shipments moving about $350,000,000 a year in cash in their luggage out of Minneapolis Airport and then predominantly overseas. The speaker notes one observed route: when TSA saw the money move, it went from Minneapolis to Europe, Europe to Dubai, often passing through Amsterdam. This money flow was flagged for years by TSA. According to the speaker, the payments were repeatedly flagged over an extended period. The scale of the activity is described as increasing. The money moves were said to have grown from $2,030,000,000 dollars a year to $350,000,000 a year in the last two years, 2024 and 2025. The speaker characterizes the operation as “literally a foreign ATM taking cash out of The United States to foreign destinations,” and states that the reason for this is unknown. The activity is stated to be under investigation by the FBI and Homeland Security Investigations (HSI). The speaker ends by noting that people question whether this is normal, given the ongoing investigation and the unusual disposition of cash moving internationally in this manner.

The National Security Agency has been monitoring illicit wealth for 15 years. It has been revealed that Wall Street has taken a staggering $100 trillion from Main Street through naked short selling.

DHS officials shared new details with Saturday in America about a large-scale flow of cash tied to Somali couriers, with the organization noting about $700 million in cash flown out of Minneapolis over the past two years. That amounts to roughly $350 million per year for 2024 and 2025. The figure is markedly higher—about 10 to 1—than cash movements reported at larger airports like JFK and DFW, which were about $3 to $4 million per year. The footprint isn’t limited to Minnesota. Columbus, Ohio, is also involved, where officials say that since 2023, about $136 million in bulk cash has been flown from Columbus to Somalia. The investigation into how this money travels from Columbus to Somalia outlines a path: bulk cash and luggage depart from John Glenn Columbus International Airport, then luggage lands in either Minneapolis or Atlanta before being sent overseas. Seattle is also seeing bulk cash transfers, though the volume is significantly smaller than in Minnesota and Ohio. Collectively, these locations align with the states that have the largest Somali populations in the United States—Minnesota, Ohio, and Washington. On Capitol Hill, the acting administrator of the Transportation Security Administration explained how these cash movements were uncovered. She noted that TSA officers can identify cash when it appears as a mass on X-ray images at checkpoints. When officers encounter items they cannot identify on the X-ray, they resolve the issue and report it to law enforcement partners in accordance with their standard operating procedures. She confirmed that there is an ongoing investigation with law enforcement partners. In summary, the investigation highlights substantial bulk-cash movements linked to Somali couriers centered in specific American hubs with large Somali populations, notably Minneapolis, Columbus, and to a lesser extent Seattle. The cash travels through a sequence of airports—Columbus to Minneapolis or Atlanta, then overseas—before reaching Somalia. TSA officers play a key role by flagging unidentified masses on X-ray and coordinating with law enforcement as part of the ongoing inquiry.

A basic search of the Social Security database revealed 20 million dead people marked as alive. While it's unclear if they're directly receiving Social Security payments, their "alive" status allows them to fraudulently obtain disability, unemployment, and fake medical payments. The fraud occurs because government databases don't communicate well. For example, the Treasury's main payments computer, PAM, handles $5 trillion in payments annually, roughly a billion dollars an hour. We discovered payments lacked categorization codes and descriptions, essentially untraceable blank checks. If a public company operated this way, it would be delisted, and executives would face imprisonment.

We can't track $2.3 trillion in transactions. That's two trillion, three hundred billion dollars.

The discussion centers on the main payments system, referred to as PAM, described as the “payments computer” and commonly called PAM by everyone. PAM is responsible for almost $5,000,000,000,000 in payments per year, which equates to roughly a billion dollars every hour. The speakers indicate that, upon their arrival, they observed what they describe as a severe lack of payment metadata: payments could be processed with no payment categorization code and no description, effectively creating payments that were “untraceable blank checks.” The speakers contrast this situation with how such conduct would be viewed in the private sector, stating that if this were a public company, the company would be immediately delisted and the executive team would be thrown in prison. They emphasize that, in the context they are discussing, this kind of exposure is considered normal within the government. The overall point is that the payments system operates with extremely little traceability or descriptive data attached to transactions, creating a scenario they characterize as highly problematic and unacceptable in the private sector but commonplace in the government.

Speaker 0 says that 85% of the international narcotrafficking annually, "the 85 por 100 de los 1000 de 1000 de 1000000," is in the banks of the United States, and that the cartel should be investigated to uncover money laundering. They mention looking at fiscal permission data from the vice president, stating that there are more than $500,000,000,000 (five hundred billion) dollars annually in US banks, in legal banks. If they want to investigate a cartel, they should investigate the cartel of the north, because from the United States it directs all narcotrafficking of South America and of the world, and also directs the trafficking of opioids, etc. The speaker concludes that in the United States are the mafias, the true cartels.

I am becoming increasingly frustrated with the massive amounts of dishonesty and manipulation, totaling trillions of dollars.

Our financial systems are outdated, making it difficult to track trillions of dollars in transactions. Additionally, the lack of compatibility between different technological systems prevents us from sharing information within this building.

Transnational fraud rings, terrorist organizations, and even nation-states are being funded with taxpayer dollars. During the pandemic, one trillion dollars was stolen, with 70% going overseas. For example, one state had more unemployment claims than adults. Romanian criminals used stolen funds for fentanyl and to undermine our democracy. While most public servants are honest, some exploit the system. In one recent case, individuals stole $50 million from Medicaid in under four months. These aren't individual thefts, but organized criminal groups, both domestic and transnational, that we need data and technology to stop.

Speaker 0 presents a sequence of large-scale financial figures: - From 1998 to 2015, undocumentable adjustments at DOD and HUD amount to 21 trillion. - Bailouts between 2008 and 2012 amount to 29 trillion. - Adding 21 trillion and 29 trillion yields 50 trillion. - Going direct injections after the going direct reset began in 2019 during the pandemic amount to another 5 trillion, bringing the total to 55 trillion, not counting quantitative easing. - He concludes, “we don't have a financial problem. We have a bank robbery.” - He notes that in the annual wrap-up, a new chart was created and released on social media showing the numbers.

Inconsistencies in equipment valuation for Ukraine were found, totaling $6.2 billion.

$10 billion has been raised through ICOs this year, and it's expected to continue growing. The lack of regulatory action in this chaotic market is surprising. ICOs are seen as a violation of securities laws, yet the SEC has only taken action in 7 cases. It's puzzling why these projects ask for investments in cryptocurrencies instead of easily spendable dollars. One theory is that it's easier to conduct fraudulent activities with cryptocurrencies. However, if an ICO fails, investors won't be able to recover their money.

Our financial systems are outdated, hindering our progress. It is estimated that $2.3 trillion in transactions cannot be tracked. Additionally, we face challenges in sharing information within this building due to incompatible and inaccessible technological systems.

$10 billion has been raised through ICOs this year, and it's expected to continue growing. The lack of regulatory action in this chaotic market is surprising. ICOs are seen as a violation of securities laws, yet the SEC has only taken action in 7 cases. It's puzzling why these projects ask for investments in cryptocurrencies instead of easily spendable dollars. One theory is that it's easier to conduct fraudulent activities with cryptocurrencies. However, if an ICO fails, investors won't be able to recover their money.

Our financial systems are outdated, hindering our progress. It is estimated that we are unable to trace $2.3 trillion in transactions. Additionally, the lack of compatibility between various technological systems prevents us from sharing information within this building.