“I don’t think that the pandemic operation could ever have happened without it [FASAB 56]. I believe it was critical to ensuring that the slush fund money was available for the pandemic.” ~ Catherine Austin Fitts

We would like to revisit FASAB 56, and with that in mind, highlight that Matt Taibbi is also once again our Solari Hero of the Week. Taibbi was the only prominent reporter to pick up on the FASAB 56 story in early 2019, when he demonstrated his commitment to investigative journalism by penning a comprehensive article in Rolling Stone, shedding light on the intricacies of this matter.

As Catherine says, “We believe it’s the basis of serious pushback on financial management issues because the federal government is using money to control everything, except they are running the money illegally. That has profound implications for legal remedies.”

FASAB Statement 56: Understanding New Government Financial Accounting Loopholes

FASAB Standard 56 and the Authority of the Director of National Intelligence to Waive SEC Financial Reporting

Related:

“Has the Government Legalized Secret Defense Spending?” (Rollingstone) by Matt Taibbi

Related Solari Reports:

Special Solari Report: Financial Coup d’Etat: Missing Money for Beginners with Dr. Mark Skidmore

Caveat Emptor: Why Investors Need to Do Due Diligence on U.S. Treasury and Related Securities

The Solari Papers #1: Reversing the Financial Coup d’Etat—Critical Issues in U.S. Federal Finances: A Briefing Memo for U.S. Federal and State Candidates and Legislators