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We should expect hundreds of billions of dollars in wasteful spending at the Department of Defense. It's unacceptable that a full audit won't be completed for four years. The Pentagon needs to be able to pass a budget now, and while the Marine Corps has passed a clean audit for two years, this needs to be department-wide. We need to know exactly where every dollar is going. This is basic accounting, and it's something the Defense Department has lacked. We're committed to fixing this. With America's $37 trillion debt, we must use resources wisely. We welcome partnerships, like with Doge, to streamline processes, cut waste, and ensure every dollar goes to our warfighters. The Defense Department has a huge budget, and responsible spending is crucial.

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?

We found that the government was essentially sending untraceable blank checks. If a public company did this, they'd be delisted and executives would go to prison, but it's normal in the government. We recommended to the Treasury and Federal Reserve that payment categorization codes be mandatory, not optional, and that every payment need some explanation, even if we don't judge the quality of it. This is a radical change that's now being implemented. I'm guessing it probably saves about $100 billion a year. Where was that money going? It's hard to say if it was waste or fraud. Many payments were just approved and kept going even after the approving officer changed jobs, retired, or died. It's like forgetting to cancel a gym membership, but instead of $20 a month, it's $20 billion a year.

The Pentagon hides billions of dollars, with no accountability or audits. We've never received a satisfactory explanation. To uncover the truth, someone will likely have to leak information online before being silenced—a scenario I've often predicted.

In 1994, the Federal Reserve deepened ties with the Bank of International Settlements. A year later, a large pension fund began moving money out of the country. Simultaneously, billions began disappearing from HUD and the Department of Defense, totaling $21 trillion between 1998 and 2015. Around the same time, we saw the rise of OxyContin and predatory lending, targeting low-income neighborhoods. Leading up to 9/11, a reporter was covering the missing money, but on 9/10, Rumsfeld announced $2.3 trillion was missing. After 9/11, the Patriot Act passed, and the missing money issue faded. In 2015, $6.5 trillion went missing in one year. Dr. Skidmore's research revealed the missing money matched the US national debt. Despite pressure, the DOD refused audits. Then, FASB 56 allowed the government to keep secret books, enabling unlimited secret funding, which I believe facilitated events like the COVID-19 operations.

On the day before 9/11, Rumsfeld mentioned $2.3 trillion missing, and a plane hit the accounting area. Estimates suggest $3.3 trillion unaccounted for. It didn't happen, but it did.

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.

Our government funnels tax dollars overseas to countries and weapons manufacturers like Lockheed Martin, who then lobby back with gifts for elected officials. Last year, the US spent $47.7 billion on Lockheed, 93% of their revenue. Nearly 80% of this money was borrowed. In total, $861 billion was spent on defense, with 80% going to other countries, surpassing spending on all other US programs combined. This is all publicly disclosed, showing where our money goes.

Twitter, at least, was breaking even and passing audits. The federal government, however, is losing trillions annually and failing its audits. Senator Collins mentioned giving the Navy billions for submarines, only to find out the money disappeared without any new submarines. This level of waste is enabled because they're accustomed to operating this way without accountability. As Milton Friedman said, money is most poorly spent when you're spending someone else's money on people you don't know, which perfectly describes the federal government's situation.

There's significant waste, fraud, and abuse in the system, but audits are different. An audit assesses whether we know what was delivered and where it is, not necessarily indicating fraud. The inability to pass an audit suggests poor inventory management, not that funds were misused. However, if a billion-dollar budget can't account for its spending, it raises concerns about responsibility and waste. Observing food insecurity among military personnel despite a massive budget feels like corruption. It's troubling that, after years of war, the Pentagon received a significant budget increase while basic services struggle. This disconnect between funding and the reality faced by service members is alarming, and questioning it shouldn't be dismissed as ignorance about audits.

Secretary of Defense Donald Rumsfeld declared war on the Pentagon bureaucracy, stating that wasted money poses a serious threat. However, after the events of 9/11, the focus shifted to funding the war on terrorism, and the war on waste was forgotten. The Pentagon cannot account for 25% of its spending, which amounts to $2.3 trillion. One whistleblower, Jim Minery, discovered $1 million missing from a defense agency's balance sheets but faced resistance when trying to investigate. The Pentagon's inspector general partially substantiated the allegations but couldn't prove manipulation of financial statements. Franklin C. Spinney, a Pentagon employee, exposed accounting games 20 years ago and believes the problem has worsened. Retired Vice Admiral Jack Shanahan confirms that the books are routinely cooked year after year.

Catherine Austin Fitz testifies before the District Court of Northern Netherlands, stating she is the publisher of the Saleri Report and former partner and board member of Dylann Reid, with prior role as assistant secretary of housing in the first Bush administration. She asserts that the pandemic represented an egregious misuse of healthcare policy to advance economic and political agendas, and she aims to explain the history behind this belief. She describes herself as an expert on the United States federal credit, federal budget, and financial mechanisms, and directs readers to missingmoney.salari.com for information alleging that $21,000,000,000,000 has gone missing from the federal government. Starting in 1998, Fitz says she became concerned that policy changes led to billions and then trillions of dollars disappearing from federal accounts. She cites a specific moment: the day before 9/11, Secretary of Defense Donald Rumsfeld announced that the Department of Defense was missing $2.3 trillion. She maintains that money continued to disappear, totaling $21 trillion by fiscal 2015. She recounts collaborating with Doctor Mark Skidmore of Michigan State University, who, after contacting her and reviewing federal financial statements, led his students to conduct a survey that increased political and governmental pressure to comply with financial management laws, particularly those requiring audited financial statements. Fitz contends that from fiscal 1998 to 2015 the federal government refused to obey laws requiring audited financial statements. In 2018, she asserts, the Federal Accounting Standards Advisory Board issued Statement 56, an administrative policy enabling the federal government to authorize “secret books,” resulting in what she views as essentially no meaningful financial disclosure since then. She references extensive documentation at missingmoney.saliri.com. She argues that balancing the budget and funding retirement systems is critical, warning that without such balance, “the only way they can balance the books is by lowering life expectancy,” a trend she says began in the late 1990s. Fitz recounts a 1997 meeting with leaders of top pension funds on her advisory board at Hamilton Securities Group, where she proposed reengineering federal finances to deliver wealth and sustain promised boomer-generation retirements. A CalPERS leader allegedly told her, “You don’t understand, it’s too late. They’ve given up on the country. They are moving all the money out starting in the fall.” She interprets a budget decision from 1995 as part of this shift and notes that, after deficits remained unresolved, policies were implemented to lower life expectancy in lower-income groups. She connects these themes to the 1999–2019 Jackson Hole gatherings and a 2019 plan from the BlackRock Investment Institute, prepared by a group of retired central bankers called the Going Direct Reset. Fitz describes Going Direct as a shift to central bank actions that inject money directly into the system, bypassing traditional reserve channels and buying securities from nondepository institutions. Following the September actions after the Going Direct meeting and the pandemic’s onset, she estimates direct injections of $5–6 trillion, which she asserts would ordinarily cause inflation but were offset by deflationary pandemic effects from lockdowns, which consolidated economic activity among large firms and reduced Main Street vitality. She cites that 35% of small businesses in the U.S. closed, up to 49% in San Francisco, and claims the era created hundreds of new billionaires. Fitz ties these events to a broader claim of a deliberate reengineering of government and society through health policy used to achieve economic and political ends, supported by misinformation. She urges the court to scrutinize the case for misuse of medical and scientific claims and to uphold the rule of law, arguing that the current trajectory harms populations in Europe and the United States.

The Pentagon hides billions of dollars, with no accountability or audits. We need transparency. The only way to uncover the truth might be if someone leaks information online before mysteriously dying.

Donald Trump suggested Elon Musk audit the federal government. One speaker believes AI can democratize government and increase transparency, or enslave citizens to the government and intelligence agencies, and that Musk understands this best. The Pentagon has failed every audit for the last 20 years and lost $4.3 trillion in the last audit. This money was primarily lost on equipment purchases whose locations are unknown, forcing the Pentagon to repurchase them. These problems are solvable with AI, which could track stockpiles and warehouses to identify the location of equipment.

The speakers investigated the Institute of Peace and found it to be the least peaceful agency they'd worked with. The agency spent money on private jets and had a $130,000 contract with a former member of the Taliban for generic services with no clear description. Since the country's founding, the number of agencies has increased 100x. The team found weapons in the Institute's armory and evidence of payments to the Taliban. Shortly after the investigation began, the chief accountant deleted over a terabyte of accounting records, which the team recovered. The Institute received $55 million a year from Congress, and unspent money was swept into a private bank account without congressional oversight, which funded events and private jets. The speakers allege the agencies are hiding money and sending it to the Taliban, and that the Institute of Peace was attempting a cover-up by deleting financial information. The evidence in the accounting example was referred to the FBI and DOJ.

In 1994, the New York Fed and the Federal Reserve bought shares in the Bank of International Settlements (BIS). The BIS is described as the central bank of central banks in Sweden/Switzerland, said to operate above the law, with sovereign immunity, the ability to receive and hold money secretly, and to keep money on its balance sheet secretly. The Fed’s purchase allegedly made their relationship with the BIS closer. In 1995, a budget deal “crashed and burned,” and in October there was a claim from the president of the largest pension fund that “they, whoever they are, have given up on the country and moving all the money out starting in the fall.” It was around October 1997 that money purportedly began to go missing from HUD and the Department of Defense. The speaker asserts that from 1998 to 2015, $20,000,000,000,000 was missing from COD and $1,000,000,000,000 missing from HUD. With money going missing, the speaker describes the onset of the “great poisoning.” The argument continues that the next month after the budget deal collapse, OxyContin was approved, HUD predatory lending began, pill mills started, and targeting of low-income neighborhoods intensified, with roundups from the private prison movement. The speaker notes undocumentable adjustments rising sharply. By 09:11, the speaker claims, a reporter had been covering missing money and a large spread was planned for Insight magazine about $3,300,000,000,000 missing, demanding accountability and identifying which private corporations and banks ran the payment systems. The story was expected to run on 09/15/2001. On 09/10/2001, Donald Rumsfeld held a press conference at the Department of Defense stating that the DoD was missing $2.3 trillion (or $3 trillion, depending on version). The next day, 9/11 occurred. James Corbett later released a video, “Nine Eleven Trillions,” describing how offices blown up at the Pentagon and World Trade Center related to securities and financial operations connected to the missing money. The speaker asserts that the Pentagon office blown up housed the Office of Naval Intelligence Research Group investigating the missing money. The Patriot Act followed, DoD received large appropriations, and attention to missing money diminished. Fast forward to 2015, the financials allegedly showed the greatest missing money in one year: the DoD was missing $6.5 trillion in that year. Dr. Mark Skidmore, a budgeting expert at Michigan State University, investigated, and, after reviewing DoD financials, confirmed substantial undocumentable adjustments. He contacted the speaker to help conduct a complete survey of all financial statements from fiscal 1997 to 2015. The survey yielded figures increasing from $12 trillion to $21 trillion missing. When Skidmore published his 2017 report (at missingmoney.solari.com), it was found that the amount missing from the U.S. Treasury matched the total outstanding debt of the United States on the books—$21 trillion. Authorities reportedly pressed the DoD to produce audited financial statements; DoD refused. The Kavanaugh hearings are cited as the moment when the Federal Accounting Standards Advisory Board (FASB) Statement 56 was issued, allowing the government to keep books secret as a matter of administrative policy, extending to private companies and banks doing business with the government. The result, according to the speaker, is that much of the disclosure in the U.S. securities market is meaningless due to government secrecy. The speaker notes that COVID-19 operations could not have happened without FASB 56, claiming it enabled access to unlimited secret money. A quoted anecdote is that one month after FASB 56 passed, Moderna reportedly raised $500,000,000.

Failing to account for a billion-dollar budget feels like waste to me. It's concerning when an organization can't track its spending, especially a large one like the Department of Defense with its $850 billion budget. The inability to pass an audit doesn't automatically equal fraud, but it raises serious questions. The lack of clear accounting, combined with issues like food insecurity on military bases and the significant increase in the Pentagon budget after twenty years of war, leads many to perceive corruption. Seeing disparities between massive military spending and struggles to provide basic services to those in need is jarring. It raises questions about resource allocation and priorities. I understand the technicalities of audits, but as a citizen, the lack of accountability is concerning.

Failing to account for $850 billion in the DOD budget is concerning. While a failed audit doesn't automatically mean waste, fraud, or abuse, it raises questions about accountability and responsible spending. The inability to track how this money was spent leads to justifiable concerns, especially when considering issues like food insecurity on military bases. The contrast between a massive military budget and struggles to provide basic services highlights a disconnect for many. Seeing a $50 billion increase in the Pentagon budget after twenty years of war, while service members rely on food stamps, fuels perceptions of corruption. This isn't about personal attacks, but about the disconnect between massive spending and the realities faced by those in the military.

This administration's talk about fighting waste, fraud, and abuse is a smokescreen. Their actions reveal a focus on promoting corruption. One of the first things they did was remove 17 inspector generals from federal departments and agencies. These are the people who fight corruption, with staffs dedicated to uncovering waste, self-dealing, bribery, and abuse. Last year alone, they saved us $93 billion. Meanwhile, people are being fired from important civil service positions, and this is not about eliminating waste, fraud, or abuse. It's a continuation of wiping out the anti-corruption infrastructure of the government.

If I give an organization a billion dollars, I need to know where it went. Otherwise, that's wasteful and irresponsible. If you can't account for it, what am I supposed to think? Now, I'm not saying anyone is directly responsible for this. However, giving an $850 billion budget to an organization that can't pass an audit and explain where the money went seems like waste, fraud, or abuse to most people. They would naturally wonder why the money isn't properly accounted for.

Corruption is rampant, with reports of ministers hiding millions in cash. The U.S. has sent over $250 billion to these corrupt entities, while the Pentagon has lost a staggering amount without accountability. If an individual misplaces a small sum, they face audits, yet the Pentagon's losses go unchecked. This situation highlights the absurdity of the system. Defense contractors, like Raytheon, benefit from ongoing military contracts, ensuring their board members remain in power. Generals often transition to lucrative positions in these companies after retirement, perpetuating a cycle of profit from war. This dynamic raises questions about the integrity of leadership and the consequences for the public. Ultimately, the system's flaws could lead to its downfall.

Shortly after arriving at the Institute of Peace headquarters, the speaker's team discovered that the chief accountant had deleted over a terabyte of accounting records. The team recovered the data with help from Institute of Peace employees. The speaker alleges that the Institute received $55 million annually from Congress, and instead of returning unspent funds, they transferred it to a private bank account without congressional oversight. These funds were allegedly used for events at their headquarters and private jets. The speaker believes this exemplifies wasteful spending within smaller agencies. Another speaker claims agencies are hiding money and sending it to the Taliban, and that there were loaded weapons in the Institute of Peace buildings. The deletion of financial information is characterized as a cover-up.

The speaker's team investigated the Institute of Peace and found questionable spending, including private jets and a $130,000 contract with a former member of the Taliban for vaguely defined services. The speaker notes a significant increase in the number of government agencies since the country's founding. Upon investigation, the team discovered weapons in the Institute's armory and that the chief accountant deleted over a terabyte of accounting records, which the team later recovered. The Institute received $55 million annually from Congress, and unspent funds were moved into a private bank account without congressional oversight, used for expenses like events and private jets. The speaker suggests this is an extreme example of wasteful spending in smaller agencies. Evidence of deleted accounting records was referred to the FBI and DOJ.

There is a pentagon that hides a billion dollars without any accountability, and it has never passed an audit. To uncover the truth, it seems that someone may need to leak information from these labs online, potentially facing dire consequences afterward.