Mark Skidmore – $90 Trillion in Treasury Debt – It’s Not Just Bad Accounting
by Greg Hunter
USA Watchdog
Three years ago, Michigan State Economics Professor Mark Skidmore revealed there was $21 trillion in what he calls “Missing Money” from the Department of Defense (DOD) and Housing and Urban Development (HUD). This was a stunning revelation and the biggest auditing discovery in the history of accounting, but now this revelation comes in second with Dr. Skidmore’s latest update to the “Missing Money” question which is now the biggest in history by a long shot. Skidmore’s research reveals the US Treasury market is rolling over $90 trillion to support the official debt of $22 trillion (2019). Why do you need to churn $90 trillion in debt? Is the US debt really $90 trillion? Skidmore says, “It’s not that we are moving to short term debt that would need more turn over. That’s not it. The only other explanation I can come up with is that the federal government, the Treasury, is supporting more debt with the reissuance than is officially recognized. I am floating this around and asking people to have a look at this and tell me if there is some other possible explanation. I don’t know of one. . . . This is a discrepancy. Why do we have $22 trillion in debt, but $90 trillion in reissuance?”