Catherine Austin Fitts: We’ve Reached “Never Never Land” Accounting

There is good reason people are going to real assets. The U.S. government is “missing” $21 trillion between the DOD and HUD. This fact was uncovered by Fitts and economist Dr. Mark Skidmore last year. 

What was the government’s answer to this gigantic accounting fraud that is the size of the federal deficit? Give the government’s budgets basically classified national security status. 

Investment advisor and former Assistant Secretary of Housing, Catherine Austin Fitts says, “Apparently, the people leading the audit have come to them and said if we do this audit, we will disclose classified projects.

So, the board (Federal Accounting Standards Advisory Board - FASAB) came out with a new policy. I say it is illegal. 

You cannot do it under the financial management laws, and you certainly cannot do it under the Constitution, and it said you can keep classified off the books, which means you can cook the books and you can basically do whatever you want. 

This matches up with the waiver given to the national security advisor that says corporations, if he waives them (regulations), can also cook their books with the SEC.

- Source, USA Watchdog