“Pecunia non olet” (money does not stink) ~ ascribed to emperor Vespasian describing the Roman urine tax

For subscribers who want a deeper understanding of “how the money works” in Washington, it is very helpful to understand the names, roles and powers of the various organizations that manage US currency, federal debt and credit and the federal budget.  This financial infrastructure is an important component of what is sometimes referred to as the “deep state.”

Board of Governors of the Federal Reserve System

The US Department of the Treasury

The White House Office of Management and Budget:

  • Current and Future Budgets Here

Discretionary Overview ChartThe Financial Coup d’ Etat & Missing Money

The Congress:

“All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with amendments as on other Bills.”
— U.S. Constitution, Article I, section 7, clause 1

“No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.”
— U.S. Constitution, Article I, section 9, clause 7

The Mortgage Finance Agencies:

Bank & Pension Agencies

The US Department of Justice

The US Securities and Exchange Commission

International Agencies

Clearance & Trade Agreements

In addition, US intelligence agencies manage significant covert funds and what is sometimes referred to as “the hidden system of finance.” For a complete listing of US intelligence agencies, click here.