A bombshell Yahoo News piece says a staggering $1.5 trillion worth of U.S. dollar bills, predominantly the $100 bills(C-notes) are unaccounted for. Treasury Secretary Steven Mnuchin was confronted with this question on Fox Business Network (FBN) where he gave the explanation that weak economies around the world are increasingly using the U.S. dollar, meaning the missing $100 bills are probably sitting in bank vaults around the world.
Specifically, Sec Mnuchin told FBN’s Lou Dobbs,“Literally, a lot of these $100 bills are sitting in bank vaults all over the world…..The dollar is the reserve currency of the world, and everybody wants to hold dollars…….And the reason why they want to hold dollars is because the U.S. is a safe place to have your money, to invest and to hold your assets…….There’s a lot of Benjamins all over the world.” ($100 bills are colloquially referred to as “Benjamins” because they bear the picture of founding father Benjamin Franklin)
Reasonable people will agree that Secretary Mnuchin’s explanation, that the $100 bills are probably sitting in bank vaults worldwide, is very plausible. The question he was never asked however, is why we are having this problem now? Weak economies around the world have been using U.S. currency way before the Trump administration. Were the $100 bills also unaccounted for prior to the Trump administration? Yours Truly, always ahead of the curve, raised this question on Twitter.
SERIOUSLY folks, didn’t we have unstable economies using American dollars WAY BEFORE #Trump came along? Were they unaccounted for then? Hmm— Emoluments Clause (@Emolclause) December 18, 2019
Bottom line folks, we have witnessed shocking levels of corruption in the 3 short years Trump has been President. Under any other normal U.S. administration, the explanation given by Sec Mnuchin would be sufficient. Given the fact that the Trump administration has exhibited shocking levels of corruption, most notably the disappearance of $40 million of inaugural funds, congressional Democrats and the mainstream media owe it to the public to press Secretary Mnuchin for more answers regarding the missing Benjamins.
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