In fiscal 1999, the Department of Defense was “missing” $2.3 trillion dollars. To put that amount of money in perspective, it is approximately 3X what President-elect Obama is .

In fiscal 2000, the Department of Defense was “missing” $1.1 trillion, about 1.5X what President-elect Obama wants to invest in America.

So between October 1998 and September 2000, the Department of Defense was “missing” $3.3 trillion. Because the amount of money disappearing is so enormous, years ago we started a archive of articles on the “missing money” to try to keep up with the trillions sliding out of the federal accounts.

From 1997 to March 2001, the Under Secretary of Defense (Comptroller) who served as the chief financial officer for the Department of Defense was William J. Lynn III. In that position, he was the chief financial officer for the Department of Defense and was the principal advisor to the Secretary and Deputy Secretary of Defense for all budgetary and fiscal matters. That means he was the person responsible to make sure no money went missing and that the Department of Defense published audited financial statements — which it failed to do in those years and every year since.

When Mr. Lynn left Defense in 2001, he joined DFI International and then in 2005 became the chief lobbyist for Raytheon. He was replaced at Defense by Dov Zakheim.

Today, President Elect Obama nominated William J. Lynn III as the Deputy Secretary of Defense. The press release said, “Lynn brings decades of experience and expertise in reforming government spending and making the tough choices necessary to ensure that American tax dollars are spent wisely.”

Obama also nominated Robert Hale to Lynn’s former position,  Under Secretary of Defense (Comptroller).  From 1994 to 2001, Mr. Hale served as the Assistant Secretary of the Air Force (Financial Management and Comptroller). That means that Hale, same as Lynn, was in charge of the money when all the money disappeared.

I guess the guys who got the last $3.3 trillion were pretty happy with Mr. Lynn and Mr. Hale and decided to bring them back.

Which brings me to the question I keep asking, “Where is the money and how do we get it back?“

37 Comments

  1. Catherine,
    Heard you many times on the radio George Nory’s program while driving home. You are the best and you need to ask listeners to forward your site to friends. I send links to your blogs to over friends – business owners, bankers, accountants etc. Thank you for your work.
    Jerry Pavelec

  2. Just wondering how much of that money went into black ops. Things like HAARP, mind control, spy networks on American citizens, I imagine I COULD GO ON AND ON.

    Dave

  3. What a revealing comment, Catherine…

    “We are looking at a SYSTEM. The SYSTEM is very deep and very old. It involves thousands of people, numerous government agencies, including intelligence agencies, banks and defense contractors, not to mention societies and secret societies.”

  4. My comments will be far and away from your typical and you will tend to think them too outlandish, I’m afraid. The key to the missing money can be glimpsed in the alien-invasion movie Independence Day. Jeff Blum’s movie father says, “You don’t really think they paid $400 for a toilet seat do you?” Those trillions of dollars and many more from many other years have gone to build incredible weapons. Some of these are the black triangles that are seen increasingly since the mid 1980s. (Google Belgium Air Force mystery triangle, etc. or my article.) These are our craft that have been reversed engineered from real UFOs. The shuttle and space station are just shams. The English hacker is correct, we have a space force and beam weapons stationed out there that will destroy in seconds a about any aircraft, missile or ship at sea. We would never had allowed them such money if they had to ask for it in the budget. Was their methods the right thing to do? I fear that if we did not have those weapons that our enemies obviously would know about, those enemies would be destroyed us one way or another by now. Since those enemies are also working on their own versions, I fear that a preemptive war may be eventually trigger to “bomb them back into the stone age” and thus prevent them from becoming a threat. I don’t like that possibility, but militaries seem to be fond of that strategic move these days.

  6. Catherine:

    Suerly loss of this kind is the product of either a massive systemic “failure”, or deliberate fraud on a massive scale, perhaps involving a sort of “shadow DND”. Such a scale suggests a more sinister “conspiratorial” angle wouldn’t you agree? How does that much money go missing without leaving any footprints in the sand? On the other hand, any group that could pull this off, and cover their tracks year after year (to this present moment), is literally capable of re-engineering reality. Such a group would be (for all intents and purposes) “all-powerful”. Folks that pose a serious risk to such arganization would simply disappear. How on earth does one defeat this kind of power and hold “them” accountable?

  7. The money hasn’t vanished. It’s in Israel along with the rest of the loot plundered from the idiot American taxpayers.

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