# That Time The Military Let $2.3 Trillion Go "Missing" - How Money Works | How Money Works

Page: https://stenobird.com/podcast/how-money-works-7289568/that-time-the-military-let-2-3-trillion-go-missing-how-money-works-how-money-works
Text version: https://stenobird.com/podcast/how-money-works-7289568/that-time-the-military-let-2-3-trillion-go-missing-how-money-works-how-money-works.md
Podcast: [How Money Works](https://stenobird.com/podcast/how-money-works-7289568)
Published: 2026-07-01T05:51:00+00:00
Episode link: https://traffic.megaphone.fm/PODAGEN7944657757.mp3?updated=1778656021
Audio file: https://traffic.megaphone.fm/PODAGEN7944657757.mp3?updated=1778656021
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/how-money-works-7289568/episodes/that-time-the-military-let-2-3-trillion-go-missing-how-money-works-how-money-works
Duration seconds: 960

## Resource

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 - https://morningbrewdaily.com/howmoneyworks Sign up for my newsletter https://compoundeddaily.com 👈 ------ 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: Epidemic Sound Select Footage Courtesy of: Getty Images All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind. Follow to learn How Money Works. Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the…

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/how-money-works-7289568/episodes/that-time-the-military-let-2-3-trillion-go-missing-how-money-works-how-money-works/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/how-money-works-7289568/that-time-the-military-let-2-3-trillion-go-missing-how-money-works-how-money-works.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.