Where does all the money go?

[Budge]

"Where did all the money go?
Long time passing
Where does all the money go?
Not so long ago
Where will all the money go?
Into various pockets everywhere
When will we ever learn?
When will we ever learn?"

"Back in 2019, we poked fun at the Department of Defense (DOD) for as we put it, “losing $21 trillion.” That sum represented what the Pentagon’s inspector general called “unsupported journal voucher adjustments” between 1998 and 2015.

Well, it turns out the $21 trillion is just the tip of the iceberg. Bloomberg News reports that the DOD recorded “accounting adjustments” for fiscal years 2017, 2018, and 2019 amounting to $94.7 trillion....

Economics Professor Mark Skidmore, who prepared the 2021 update, requested additional information from both the GAO and DOD to explain these discrepancies. He concluded that only a request under the Freedom of Information Act could potentially shed additional light on the matter. In the meantime, Skidmore wrote:

"These figures are so wildly outside anything that could be expected using fundamental accounting principles that we simply have nothing further to offer other than to note the absurdity."

...And don’t forget this is the same DOD responsible for overseeing the development of weapons like Lockheed’s F-35 combat jet. America’s taxpayers are slated to shell out more than $1.5 trillion over the plane’s anticipated lifespan. But there are only a few performance issues, such as the fact that the F-35 can’t take off from the Navy’s newest aircraft carriers and their nasty habit of crashing. They also can’t dogfight or even eject pilots in an emergency without killing or seriously injuring them."

https://www.nestmann.com/about-that-mis ... 7-trillion

[Yodean]

"Where did all the money go?

You prolly remember 9/11. Apparently, $2 trillion USD (back then, it was a healthy sum of money) was missing from the U.S. government's accounts, and this question was brought up.

The day before an official was to respond to this, 9/11 occurred, and apparently all the files that would have explained the $2 trillion USD that was missing were destroyed in exactly the part of the Pentagon that blew up (officially, it was damaged by an attack).

Hmmm, what a coincidence ...

[SOL]

Remember, the US keeps massive amounts of dollars in overseas accounts and calls them Euro-dollars; this money is not accounted for. In fact, no one knows how much is held in these accounts. This is why no country can really freely float its currency because the US can use these funds to target a specific currency as they can create unlimited sums from thin air. Free currency markets or free markets are only real in theory but in practice its an illusion