The following is copied from the 9/11 Timeline webpage (see: http://www.historycommons.org/timeline.jsp?timeline=complete_911_timeline&before_9/11=complete_911_timeline_other_pre_9_11_events ). It is the second-last entry on the page, so scroll right down.

"September 10, 2001: Rumsfeld Announces Defense Department Cannot Track $2.3 Trillion in Transactions


In a speech to the Department of Defense, Defense Secretary Rumsfeld announces that the Department of Defense “cannot track $2.3 trillion in transactions.” CBS later calculates that 25 percent of the yearly defense budget is unaccounted for, and quotes a long-time defense budget analyst: “[Their] numbers are pie in the sky. The books are cooked routinely year after year.” Coverage of this rather shocking story is nearly nonexistent given the events of the next day. [US Department of Defense, 9/10/2001; CBS News, 1/29/2002]

In April 2002 it will be revealed that $1.1 trillion of the missing money comes from the 2000 fiscal year. Auditors won’t even quantify how much money is missing from fiscal year 2001, causing “some [to] fear it’s worse” than 2000. The Department of the Army will state that it won’t publish a stand-alone financial statement for 2001 because of “the loss of financial-management personnel sustained during the Sept. 11 terrorist attack.” [Insight, 4/29/2002] This $1.1 trillion plus unknown additional amounts continues to remain unaccounted for, and auditors say it may take eight years of reorganization before a proper accounting can be done. [Insight, 8/21/2003]"

Now I don't know about others, but I find Rumsfeld's announcement, understandably sidelined as it was by the reportage of the events of the following day, to be conceivably relevant to the onset of the global financial crisis of 2008. I am accepting at face value the purported references as being substantiable. My suspicion is heightened if it is correct that the location of the impact sustained by the Pentagon building just happened to occur in the locality of the Defense Department audit organisation.

Thanks for the links Forrest.It looks like $ trillions have been mis-appropriated.Obama has elected to keep the Patriot Act and Bush's executive powers for another yr.The US $ is now entering freefall which will mean enormous changes for us all.

The Fed feeling cornered,may do something really stupid.We need to create more awareness and get sane and educated people involved in finding solutions.

PS. Richard Gage from Architects and Engineers for 911 Truth is coming to Sydney on the 14th Nov for an international conference.It will be at the Tom Mann Theatre @Surrey Hills .All are welcome. Book tickets http://www.thehardevidence.com/

Forrest here is confrimation of your post by Rumsfeld himself.
http://www.youtube.com/watch?v=xU4GdHLUHwU

Apparently this wasn't the only incident.They have pilfered the US economy and left ordinary Americans destitute.I hope we can all find a peaceful solution to this mess.We have to rally people from all walks of life to get concerned and involved.

The lunatics have been in charge for long enough!

Great post ARJAY
What was that great line?
First they ridicule you, then they....., finally they...?

CJM:
I would suggest to replace the words Conspiracy theorists with the words Fact Finders.

Arjay's indulging in a very common phenomenon these days: deifying economists who forsaw the credit crunch. The LaRouche nuts love it, too.

The problem is, each conspiracy theorist believes that their guru alone had the smarts to see it coming.

In fact, hundreds of economists and market-watchers had been shouting about the impending collapse for years, but no-one paid attention in the rush to invest in the bubble. I own at least three books published prior to 2008 that state as a matter of certainty that all the fake money in the economy will soon vaporise.

Laud Ron Paul for his achievements, by all means, but don't assume he's some superior bearer of wisdom and ideals.

Thanks for today's second rib-tickler, eftfnc.

>>CJM: I would suggest to replace the words Conspiracy theorists with the words Fact Finders.<<

That's a brilliant suggestion. But only if you believe the "fact" that Obama is an Islamist sleeper, 9/11 was a plot hatched by the Vatican with help of Israel, and the Easter Bunny is being held captive in Area 51.

The last - the very, very last - thing a conspiracy nut wants, is for facts to emerge. Compared to a conspiracy, reality is so... so...

Boring.

I'm truly glad of course that Arjay sees this possible Fed audit as a victory. I hope he won't be upset when the actual outcome - should there be one - does not meet his expectations.

As far as I can tell, only the total abolition of the Fed, and a return to the Gold (or silver, or platinum, or zinc, or autumn leaves) standard will satisfy his insatiable appetite for fiscal mediocrity.

But at least, when the audit report is in, and he can see that nothing significant has come from it, he can redouble his cries of "It's a conspiracy, it's a conspiracy I tell you"

In other words, to specifically deny any findings of fact that the fact finders in the Fed audit might unearth.

So, can we now let this rest until the report comes out?

And shall we have a sweepstake on which month in which year it might appear?

To make it a really interesting bet, we could double down on who will be US President when that happens...