That Time The Military Let $2.3 Trillion Go “Missing“ - How Money Works

Sign up to Morning Brew for a totally free selection of high quality business, finance and general interest articles delivered direct to your inbox every morning - Sign up for my newsletter 👈 ------ In 2001 defence secretary Donald Rumsfeld announced that the department of defence had lost more than 2.3 trillion dollars. At this time the entire federal budget was only 1.8 trillion dollars which meant that the military had basically just oopsied away more than a years’ worth of the governments entire bankroll. The public was furious to say the least, and rumours quickly started circling about where this money ended up. Fortunately for Rumsfeld and the entire militaries senior brass the public announcement of the missing money was made on a very opportune day, September 10th. #HowMoneyWorks #business #finance ------- Edited By: Andrew Gonzales Music Courtesy of: Ep