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ARJUN WALIA – The Pentagon Black Budget: $21 Trillion Dollars Gone Missing

Summary:
There is often talk of the Pentagon's missing trillions, but now we know where the money went, on top secret organisations and project. A massive amount of money is spent on projects Americans know nothing about. Hmm, I bet a lot of that money made some people very rich indeed. KV Secrecy is the backbone of America. According to some historians’ estimates, each year, more than 500 million pages of documents are classified by the United States alone. The United States has also had a history of government agencies existing in secret for years. The National Security Agency (NSA), for example, was founded in 1952, but its existence was hidden until the mid 1960s. Even more secretive is the National Reconnaissance Office, which was founded in 1960 but remained completely secret for 30 years.

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There is often talk of the Pentagon's missing trillions, but now we know where the money went, on top secret organisations and project. A massive amount of money is spent on projects Americans know nothing about. Hmm, I bet a lot of that money made some people very rich indeed. KV

Secrecy is the backbone of America. According to some historians’ estimates, each year, more than 500 million pages of documents are classified by the United States alone. The United States has also had a history of government agencies existing in secret for years. The National Security Agency (NSA), for example, was founded in 1952, but its existence was hidden until the mid 1960s.
Even more secretive is the National Reconnaissance Office, which was founded in 1960 but remained completely secret for 30 years. On top of that, we’ve had numerous presidents, politicians, and others tell the world a secret government exists that controls both parties and all media, and dictates government policy. The latest to acknowledge this secret group was Vladimir Putin, who described how men provide instruction to the president after they’ve been elected.
The bottom line is that this world of secrecy requires funding. And since these intelligence agencies were completely secret, that funding came from the Black Budget. This money is invested into programs that are completely exempt from disclosure to Congress. When former Canadian Defence Minister Paul Hellyer said thousands of billions of dollars have been spent on projects about which both the Congress and the Commander in Chief have been kept deliberately in the dark,” he wasn’t kidding.
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Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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