- Fmr Pres. Barrack Obama and 2017 Pres. Candidate Hillary Clinton have been siphoning off half a trillion dollars
- They are creating an anti-Trump war chest
- HUD is being used as a money laundering operation
According to the latest report by the Inspector General’s Office (IG), the Housing and Urban Development Department (HUD) has had to rectify over $516 Billion in “accounting errors”. Whilst all government departments, like businesses, are required to follow GAAP (Generally Accepted Accounting Practices), it seems that these “accounting errors” were not part of standard operations.
To give a frame of reference, in 2015, accounting discrepancies amounted to $3.5 Billion, which whilst a huge amount, falls within the inevitable realm of normal government incompetence. But over half a Trillion dollars, this is not bad bookkeeping, this is fraud on a massive scale, and the money is being used to subvert the Democratic process of the US.
In December, 2016, the year end review of HUD’s accounts by the IG was met with obfuscation and refusals to cooperate or sign off the paperwork. According to the IG:
“During our fiscal year 2016 audit, HUD’s acting general counsel refused to sign off on certain matters included in the management representation letter concerning all known actual or possible litigation, claims, and assessments related to HUD, including its component entities. “
“Due to HUD’s acting general counsel’s refusal to sign off on these matters, which is a scope limitation, we lacked assurance that all known actual or possible litigation, claims, and assessments had been properly accounted for or disclosed in the consolidated financial statements in accordance with GAAP.”
Essentially, HUD was caught out and begged for a three month extension to get its books in to a position where HUD themselves were happy to sign off on. The IG granted this period.
By March, 2017, the errors had magically disappeared.
A key point to remember is that accounting errors can either be positive or negative, however, when you know that the HUD budget for 2016 was just under $50 Billion including an increase of $4 Billion on the previous year, that means that the accounting errors totaled at the very least ten years worth of budget for HUD. It cannot be just a plain incompetence; the figures involved suggest that money was being funneled through HUD as a type of government “laundering service”.
Which brings us to the main issue; were Barack Obama and Hillary Clinton using HUD as a money laundering operation to finance not only the Democrat election campaign, but as a war chest to keep Obamacare afloat and fund pet projects? If Clinton had won, there would be no issue, she would have a “friendly” look into the losses and massage them away in her own sweet time. But she lost (against all expectation), and now the money trail has been followed.
By losing, they have been unable to hide their misdoings from the public; and as such have taken to using dodgy accounting practices to superficially adjust the errors (don’t forget: 10 times the actual annual budget). So that leaves the question…Where’s the money now?
Consider the OFA (Organizing for Action group). They are a national group that in their own words:
“We’re committed to finding and training the next generation of great progressive organizers”
OFA have more than 250 branches around the country with more than 30,000 people on staff. They are well funded and in fact sponsor the website barackobama.com. Their Chair is Jim Messina (former Obama campaign manager) and is being run from a building two blocks from the White House.
For this many activists, offices and meetings, there must be a large sum of money available. OFA are in fact sponsoring other groups in their activism. Could this be the smoking gun in the HUD accounting errors?
Money stolen from the taxpayer, washed through HUD and used to usurp the democratic will of the people. This is modern American politics at its worse. And it will not get better until the career bureaucrats sympathetic to the “Obama legacy” are removed from office. This is not the Deep State, this is just the State.