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A couple years back it was concluded (by a non-govt. entity researching this area) that this is the amount spent on black budget programs and chances are some stealing of funds also.
Originally posted by Elliot
Is this $9 Trillion on top of the $23 Trillion that was missing on 10/09/2001 just before 9/11?
Wow! A hell of a lot of money goes missing in the US?
What the hell or who the hell is 'running off' with all this money?
Are they going to have to cover it up with another distraction disaster?
Government Accountability
Originally posted by searching4truth
Funny how our national debt is over 11 trillion?! Perhaps, if we were able to find that money we could make a substantial dent into that number. Apparently black holes aren't found only in space, we've located one directly below the Federal Reserve, right here on Earth.
[edit on 12-5-2009 by searching4truth]
[edit on 12-5-2009 by searching4truth]
Originally posted by AlienChaser
Federal Reserve Cannot Account for $9 Trillion
moneynews.newsmax.com
(visit the link for the full news article)
The Federal Reserve apparently can't account for $9 trillion in off-balance sheet transactions.
When Rep. Alan Grayson (D-Orlando) asked Inspector General Elizabeth Coleman of the Federal Reserve some very basic questions about where the trillions of dollars that have come from the Fed's expanded balance sheet, the IG didn't know.
Worse, nobody at the Fed seems to have any idea what the losses on its $2 trillion portfolio really are.
"I am shocked to find out that nobody at the Federal Reserve is keeping track of anything," Grayson says.
Originally posted by AlienChaser
Federal Reserve Cannot Account for $9 Trillion