1 00:00:00,000 --> 00:00:06,520 My buddy Matt brought this to my attention, something called SFFAS-56, and this rabbit 2 00:00:06,520 --> 00:00:13,940 hole is wild. First off, SFFAS-56 stands for the Statement of Federal Financial Accounting 3 00:00:13,940 --> 00:00:20,260 Standards 56, and what it does is enable government agencies engaged in national security 4 00:00:20,260 --> 00:00:25,880 or intelligence-related activities to withhold, modify, or misrepresent financial information 5 00:00:25,880 --> 00:00:31,280 in publicly available federal financial statements. This includes not only keeping expenditures 6 00:00:31,280 --> 00:00:36,500 secret, but also potentially altering reported financial data to maintain classified program 7 00:00:36,500 --> 00:00:42,080 secrecy. In other words, these guys are keeping two sets of books, which is why none of the numbers 8 00:00:42,080 --> 00:00:47,640 coming out of the Pentagon ever make any sense. For example, in 2015, the Office of the Inspector 9 00:00:47,640 --> 00:00:54,340 General found that the Army, which had a budget of $122 billion that year, had $6.5 trillion 10 00:00:54,340 --> 00:01:00,580 in year-end adjustments that they could, quote, not adequately support. Once again, budget 11 00:01:00,580 --> 00:01:07,960 of $122 million, $6.5 trillion in adjustments. Makes no sense. There's also other weird fraud 12 00:01:07,960 --> 00:01:11,840 that's been reported in the past, this one involving U.S. Air Force Intelligence and the 13 00:01:11,840 --> 00:01:16,760 NSA. They were hiding their activities and contracts within the Department of Health and Human Services. 14 00:01:17,200 --> 00:01:23,220 Once again, makes no sense. On September 10, 2001, then-Defense Secretary Donald Rumsfeld 15 00:01:23,220 --> 00:01:28,960 made a speech calling out the federal bureaucracy. He said, quote, according to some estimates, 16 00:01:28,960 --> 00:01:35,640 we cannot track $2.3 trillion in transactions. Well, we all remembered what happened the next day, 17 00:01:35,940 --> 00:01:42,560 and let's just say it was a well-timed coincidence to make us forget about this whole issue for a while. 18 00:01:42,800 --> 00:01:48,020 Until now, literally today. It kind of gets me thinking, I think we're probably due for another 19 00:01:48,020 --> 00:01:52,460 Black Swan event. And by the way, if you're thinking to yourself, why haven't I heard of 20 00:01:52,460 --> 00:01:57,500 this crazy story before? Well, it's because the news literally never reported on it, except for 21 00:01:57,500 --> 00:02:02,000 this one article. This is the only article that I could find on this topic from Rolling Stone 22 00:02:02,000 --> 00:02:07,360 Magazine in 2019 by the great Matt Taibbi. So, shout out to Matt. Also, totally kidding about the 23 00:02:07,360 --> 00:02:09,380 Black Swan event. They would never do something like that.