Why it matters: More broadly, the number highlights the persistent lack of internal financial controls at the Pentagon, which makes it extremely difficult to account properly for spending in the largest government budget. If you vote or know anyone that does remind them please . The problem was the fire would have to have been 800 degrees celsius to do that and the building would not have collapsed straight down. The Pentagon Announces $35 Trillion Accounting Black Hole for 2019 Missing Funds HISTORY HEIST Skip to content Search Search for:Search Home News (Bloomberg) -- The Pentagon made $35 trillion in accounting adjustments last year alone -- a total thats larger than the entire U.S. economy and underscores the Defense Departments continuing difficulty in balancing its books. Change), You are commenting using your Twitter account. Most of the tax increases under the Biden plan would fall on the top 0.1% of income earners, raising their annual taxes by more than $1 million each and lowering their after-tax income by 14%. But tragedy struck on the windy evening of March 1, , The study and description of this part of the collection was assigned by Professor [Henry Fairfield] Osborn to the writers, and its results appear in the following pages The anterior molars and premolars of this genus of peccaries show a startling resemblance to the teeth of Anthropoidea, and might well be mistaken for them by anyone not familiar with the dentition of Miocene peccaries. W. D. Matthew and Harold Cook, Bulletin of the American Museum of Natural History, 1909 p.361, 390. Thats what should have been the biggest news of 2021. While it shouldnt come as a surprise for an organization that has famously failed to ever pass an audit, the Pentagon was nevertheless able to shock some observers this week with a new batch of financial numbers. He also calls for higher estate taxes and the introduction of a financial transactions tax. 163K subscribers in the conspiracy_commons community. The bankers have always sought the perfect trade. The military services make adjustments, some automatic and some manual, on a monthly and quarterly basis, and those actions are consolidated by the Pentagons primary finance and accounting service and submitted to the Treasury. Whats most important to an auditor is whether the adjustments are properly supported because properly supported adjustments ensure financial statement values are accurate. Your car is broken into and the thief takes your computer and your reporters notebook and leaves everything else behind. The size and scope of unsupported adjustments is deeply concerning because it tells a story of poor internal controls and lack of financial data integrity., While the Defense Department couldnt adequately support all accounting adjustments, that does not mean they were inaccurate or erroneous, said Allen. The latest radio shows from our sister site. Inanother report, they tried to simulate how to bring that building down in the manner it did and the only way was to cut the columns on the first 8 floors. Todd Harrison of the Center for Strategic and International Studies says they represent a lot of double, triple, and quadruple counting of the same money as it got moved between accounts within the Pentagon. The Sanders campaign estimates that his wealth tax would raise $4.35 trillion over a decade, but Penn Wharton projects it would fall more than $1 trillion short of that mark, raising between $2.8 trillion and $3.3 trillion over 10 years. It means there's a lot of money moving between accounts that may not be exactly where Congress wanted to put the money in the first place.. That number includes non-accounting-standards-compliant entries for depreciation on assets, pension funds, liabilities, fixed assets, etc. 4. pretty much delete everything that had been recorded on their side and just re-record all the balances that Treasury has, Kociolek said. There was no source of fuel and the photos of the collapse fail to show a raging fire. Subsequently, the Department will update the Department of Defense Financial Management Regulation and document strategies with specific outcomes and detailed procedures for achieving stated goals in the strategies.. Of course, aluminum is present , Untimely Death In a stunning coincidence, It appears Andrew Breitbart suffered his untimely death just hours before he was set to release damning video footage that could have sunk Barack Obamas 2012 re-election campaign. Pentagon Racks Up $35 Trillion in Accounting Changes in One YearBy Anthony Capaccio , 1/22/2020, 3:00:00 AMThe Pentagon made $35 trillion in accounting adjustments last year alone a total thats larger than the entire U.S. economy and underscores the Defense Departments continuing difficulty in balancing its books. Tony Capaccio, Bloomberg News. While it shouldnt come as a surprise for an organization that has famously failed to ever pass an audit, the Pentagon was nevertheless able to shock some observers this week with a new batch of financial numbers. Like what you're reading? Money is double or triple-counted as it moves between accounts. Originally posted on The Free: December 31, 2021 by Dave Lindorff The Pentagons $35 Trillion Accounting Black Hole The Pentagon failed its audit amid a now $35 trillion scandal (yes, trillion) Lee Camp Thats what should have been the biggest news of 2021. WebThe pentagon budget is nowhere near 2.3T. Of course, in the real world outside the halls of government and of largely unchecked power, a mere single trillion would be enough send people to jail. The Pentagon made $35 trillion in accounting adjustments last year alone a total thats larger than the entire U.S. economy and underscores the Defense So when they move money from one program to another in order to pay for an unexpected expense it sets off a domino effect of budget corrections. Now, theres two ways to count money two, or three, or several times: one is to do so inadvertently and by mistake, which is what were being asked to believe here. According to Bloombergs Anthony Carpaccio, the Department of Defense made $35 trillion in accounting adjustments in 2019, easily surpassing the $30.7 trillion in such adjustments recorded in 2018. Shockingly high levels of aluminum were found in these brain samples. RIP, Jim Lehrer. And for further perspective on the DoDs defense of the beggars belief figure: It means money that DoD moved from one part of the budget to another, Clark explained to Task & Purpose. Registration on or use of this site constitutes acceptance of our Terms of Service. How they discovered that they even had them I suspect was based upon illegal phone taps. Around three weeks ago on February 9 during the Blog Bash event in Washington DC, Breitbart made a prophetic comment that takes on a somewhat chilling nature given the fact that he died in the early hours of March 1st. However, $35 trillion is close to 50-times the size of the Pentagons 2019 budget, so that means every dollar the Defense Department received from Congress was moved up to 50 times before it was actually spent, Clark said. Ken Hammond, U.S. Air Force via Wikimedia Commons. Follow us on Twitter: @yuvalrosenberg, @mdrainey and @TheFiscalTimes. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. It sounds more appropriately news out ofThe OnionorBabylon Beegiven this is *Trillions* and not just billionsthough that itself would have been remarkable enough. But are we really to believe that mere combined errors, shorthand, and sloppy record-keeping by DoD accountantsas another analyst was quoted as sayingcan explain a$35 Trillion accounting black hole? There isnt 35 trillion missing. Their priority is making the situation look manageable, not solving the underlying problem, she said. The watchdog agency will release a report on the subject Wednesday after reviewing more than 200,000 fourth-quarter 2018 adjustments totaling$15 trillion. https://gabpay.live/CompleteQR/9Y95IV, BITCOIN ADDRESS: The GAO estimated based on a sample that at least 96% of 181,947 automatic adjustments made in the fourth quarter of fiscal 2018 didnt have adequate supporting documentation., In laymans terms, this means that the DoD made adjustments to accounting records without having documentation to support the need or amount for the adjustment, said Dwrena Allen, spokeswoman for the Pentagons inspector general. Web584 votes, 77 comments. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. $35 TRILLION still MISSING The Most Revolutionary Act, US Legislators Propose Ban on Central Bank Digital Currency The Most RevolutionaryAct, Mainstream Media and Woke Companies Continue to Plunge With Financial Losses CleverJourneys, The Biden Administration is Just Insane & Should Be Removed At Once ArmstrongEconomics, How Crooked Maricopa Election Officials Controlled the 2022 Narrative CleverJourneys, While Michigan Nurses Get 16%+ Raise, Illinois Nurses Sue Hospitals for Wage Theft CleverJourneys, Woody Harrelson Sneaks Covid Vaccine Mandate Joke Onto Saturday Night Live The Most RevolutionaryAct, What Were You Thinking? The WTC was taken down with a Tesla device and Trumps uncle took the Tesla papers. But the other is to do it deliberately. Worse still, it seems to have endorsed a continual problem of missing money from the Pentagon. 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Adjustments underscore weakness in Defense Department systems. My battle with the Club was one where they wanted just the perfect trades from inside trading and bribing officials. But, says the article, you can breathe easy, because the money isnt really lost, its just all poor accounting: The military services make adjustments, some automatic and some manual, on a monthly and quarterly basis, and those actions are consolidated by the Pentagons primary finance and accounting service and submitted to the Treasury. The birth rate is the lowest since the ministry began record-keeping in 1899, falling to a record The judge, Richard Owen (Prosecutor was Richard D. Owens), ordered all the tapes to be turned over to the government on their theory it might lead to where I had stashed the missing $1 billion which was stolen by the banks. That all said, I had decades of phone recordings with conversations with all the main banks in NYC. The Pentagon made $35 trillion in accounting adjustments last year alone a total thats larger than the entire U.S. economy and underscores the Defense Departments continuing difficulty in balancing its books. This really amounts to shareholder fraud in that they pay huge fines and those who make huge bonuses from the fraud keep their illegal gains. Their priority is making the situation look manageable, not solving the underlying problem., The Pentagons $35 Trillion Accounting Black Hole, DoD photo by Master Sgt. While it's not illegal for the Pentagon to move money so often among different budget accounts, it does show that defense leaders are doing a poor job planning how they will spend their funds for the year, he said. by Martin Armstrong, Armstrong Economics: Recently, a tape has emerged from a private camera that was there during 911 filming the collapse of World Trade Center #7 the only one that no plane ever hit. The combined errors, shorthand, and sloppy record-keeping by DoD accountants do add up to a number nearly 1.5 times the size of the U.S. economy, said Speier, a California Democrat. Design a site like this with WordPress.com, Hackers Can Turn Everyday Speakers Into Acoustic Cyberweapons, Police Officers/ Gang Stalkers and Mentally Illness, William Barr trying time renew criminal Watch List, Six Paths to the Nonsurgical Future of Brain-Machine Interfaces, Forbes Article: HLS keyword search of social media sites, Elon Musks neurotechnology company, Neuralink. Its a business a multi-billion dollar business. Their priority is making the situation look manageable, not solving the underlying problem, she said. Speaking to Lawrence Sinclair of Sinclair News, Breitbart stated, Wait til they see what , Between March 1-17of2010,IRS agents identified the first 10 Tea Party case applications though not all had tea party in their name, according to a draft of The Treasury Inspector General for Tax Administration (TIGTA) appendix. I have stated that the coincidence withWTC7 collapsewas a wipeout of evidence as was the Pentagon which conveniently hit the room with all the evidence about the missing $2.3 trillion from the defense budget. A lot may be an understatement: According to government data, there were 562,568 adjustments made in the Pentagons books in 2018. Your generosity is very much appreciated and needed. That $2.3 trillion in 2001 has grown now to $35 trillion. The US, a banking subsidiary since Andrew Hamilton and the 1st Bank of the US sold the country to international bankers (65%) and domestic (25%) with 10% for the bank itself, has never defended freedom of any kind but has ALWAYS been on the offensive as the Revolutionary war was a Freemasonic one. In laymans terms, this means that the DoD made adjustments to accounting records without having documentation to support the need or amount for the adjustment,she said. Trump Just Got a Chance to Dodge His Health Care Record in 2020. 1 Length: 23MIN ($35 Trillion! CTRL + SPACE for auto-complete. Get the latest in military news, entertainment and gear in your inbox daily. One of the reasons why I think 9/11 was as much a financial crime and coverup as an excuse for wars for Israel. To be sure, the Pentagon couldnt be happier that this bombshell has taken aback burner in global headlines: The Pentagon made$35 trillionin accounting adjustments last year alonea total thats larger than the entire U.S. economy and underscores the Defense Departments continuing difficulty in balancing its books. Instead, the story, which broke on November 17, was largelyignored. And yup, the 9/11 false flag attack was orchestrated and perpetrated by Israelis and US Zionists to provoke a false flag revenge war between the US and Arab world. Change). And as we noted then, critics of the Penn Wharton model question some of its assumptions about how higher taxes affect the economy. The Latin part was not the corrupt Vulgate, but his own fresh rendering of the text from the more accurate and reliable Greek, which he had managed to collate from a half-dozen partial old Greek New Testament manuscripts he had acquired. Although it gets scant public attention compared with airstrikes, troop deployments, sexual assault statistics or major weapons programs, the reliability of the Pentagons financial statement is an indication of how effectively the military manages its resources considering that it receives over half of discretionary domestic spending, Carpaccio says. Defense Department spokesman Christopher Sherwood referred questions about the Pentagon's accounting system to the GAO report, in which the Pentagon's deputy chief financial officer vowed to fix the issues raised. With tax season now fast approaching, its not too comforting to know the Pentagon enjoys over half of all discretionary domestic spending forits global war machine in maintenance ofour humble RepublicEmpire. The author of the ordinance, local attorney Fred Bentley Sr., attributes at least some of the decrease in crime to the bill , Kinseys two books Sexual Behavior in the Human Male, published in 1948, and Sexual Behavior in the Human Female, which followed in 1952 started what we now call the sexual revolution. Spokeswoman for the Pentagons inspector general,Dwrena Allen, downplayed what to most Americans will sound like the makings of an explosive scandal. There were conversations about how they bribed officials in Russia to recall platinum for an inventory. Rep. Jackie Speier (D-CA), who asked the Government Accountability Office to look into the issue, said the combined errors, shorthand, and sloppy record-keeping by DoD accountants do add up to a number nearly 1.5 times the size of the U.S. economy, and charged that the Pentagon employs accounting adjustments like a contractor paints over mold. That does not mean that the Defense Department The MarshallReport, Five Charged in Texas Border UPS Drug Distribution Operation CleverJourneys. Published Jan 23, 2020 9:59 PM EST. Jeff Schogol is the senior Pentagon reporter for Task & Purpose. The Biden proposal has two opposing effects on the macroeconomy, the new study explains. While auditors found no evidence of fraud in the review of finances that Congress required, they flagged a laundry list of problems, including accounting adjustments. Bidens plan would have little impact on GDP, Penn Wharton finds. The Pentagon made $35 trillion in accounting adjustments last year alone a total thats larger than the entire U.S. economy and underscores the Defense Departments Carpaccio notes that the number dwarfs the $738 billion of defense-related funding in the latest U.S. budget, a spending plan that includes the most expensive weapons systems in the world including the F-35 jet as well as new aircraft carriers, destroyers and submarines. Its also larger than the entire U.S. economy and underscores the Defense Departments continuing difficulty in balancing its books.. (LogOut/ The authors of the study are associated with The Birchall Centre, Lennard-Jones Laboratories, Keele University, Staffordshire, UK; Life Sciences, Keele University; and the Department of Clinical Neuropathology, Kings College Hospital, London, UK. Bitcoin address: 1AfppjYZddJzc2C15PXKMsnyBPjPJQezwA. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Yet, theres a detail in this article that caught my eye, and that fuels todays high octane speculation. What it all means: The results arent necessarily surprising. The Rise of the Neocons ArmstrongEconomics, President Trump Speaks From West Palm Beach! At first, I was skeptical worried that he was perhaps sent in by the club as they had done before with the nephew of uncle Ed Rothschild. (LogOut/ She was writing a book called I Saw the Devil. US (not America any longer) put 80% of its budget for the first 90 years to killing the indigenous as George Washington wiped out the Iroquis and the Pilgrims were no better wiping out the Pequot as the Jews, Masons and Christians burnt theirRead more , Look at the design of DC and the Pentagon which is an upside down pentagram as both were designed by Freemasons as are all state houses and a huge number of dams, buildings, cities, and other structures with George Washington in full pose as Baphomet (the inverse of the Ram of Banebdjedet at Mendes) as everything we know, read or have been taught is the inverse (Well know our disinformation program is complete when everything the American public believes is false William Casey at Reagan White House meeting with Barbara Honegger in attendance and it was herRead more . Source:https://www.zerohedge.com/economics/just-little-sloppy-record-keeping-pentagons-35-trillion-accounting-black-hole, Your email address will not be published. The latest estimate is up from$30.7 trillionin 2018 and$29 trillionin 2017, the first year adjustments were tracked in a concerted way, according to Pentagon figures and a lawmaker whos pursued the accounting morass. The changes skew sex ratios in the frog population and could be a major cause of amphibian decline worldwide. Not to mention that the figure easily dwarfs the GDP of the entire combined nations of theEuropean continent. Another issue is whether the Defense Department is spending its money the way Congress envisioned it would, he said. Consider too that the current actual US budge for defense-related funding is$738 billion. The size and scope of unsupported adjustments is deeply concerning because it tells a story of poor internal controls and lack of financial data integrity.. Professor Denounces Maskless People As Racist, Ableist, And Classist. Each budget category is so broadly defined that the Pentagon could use money slated for research and development to fund manpower costs if it wanted to. And for further perspective on the DoDs defense ofthe beggars belief figure: It means money that DoD moved from one part of the budget to another, Clark explained to Task & Purpose. Because we don't. The U.S. Department of Defense announced $35 trillion in accounting changes in 2019 a figure up from $30.7 trillion in 2018 and $29 trillion in 2017. WebIts $1.7 trillion. LIVE INTERVIEW WITH DEREK JOHNSON. Focusing on fiscal year 2019, $35 trillion in accounting adjustments is 47 times the $738 billion in authorized DOD funding in that year, and 1.6 times U.S. GDP of $21.4 trillion. The report shows the Pentagon employs accounting adjustments like a contractor paints over mold. An attorney for lawyer Alan Dershowitz wrote a letter to the U.S. District Court of Appeals for the Second Circuit on Tuesday, asking whether the , As major media and big tech continue freaking out over 159 measles cases in the U.S., anti-vaccine campaigners are increasingly being likened to terrorists as their ability to share information and earn money is being cut off. Biden went after Russian President Vladimir Putin hard during his SOTU address, but withheld harsh words for , Imane Fadil, the ex-model who claimed to have witnessed demonic rituals at Silvio Berlusconis mansion died mysteriously on March 1st at age 34. Write CSS OR LESS and hit save. Since then, despite dire predictions of Wild West showdowns and increased violence and accidents, not a single resident has been involved in a fatal shooting as a victim, attacker or defender. Is the United States on The Same Calamitous Path as Yugoslavia? Within that$30 trillionis a lot of double, triple, and quadruple counting of the same money as it got moved between accounts, Todd Harrison, a Pentagon budget expert with the Center for Strategic and International Studies, told Bloomberg in a recent report. What we were finding is the Department of Defense has such lack of confidence or unreliability in their own records that they on a routine basis . To be sure, the Pentagon couldnt be happier that this bombshell has taken a back burner in global headlines: The Pentagon made$35 trillionin accounting adjustments last year alone a total thats larger than the entire U.S. economy and underscores the Defense Departments continuing difficulty in balancing its books. The republic was constitutionally governed under Articles of Confederation with state quorums on important matters requiring nine members with a two delegate minimum present in Congress per State. Rep. Jackie Speier (D-CA), who asked the Government Accountability Office to look into the issue, said the combined errors, shorthand, and sloppy record-keeping by DoD accountants do add up to a number nearly 1.5 times the size of the U.S. economy, and charged that the Pentagon employs accounting adjustments like a contractor paints over mold. Difficulty is a bit of an understatement, isnt it? Thats what should have Bloombergs Justin Fox crunched the data and came to a simple conclusion: Its both. In laymans terms, this means that the DoD made adjustments to accounting records without having documentation to support the need or amount for the adjustment, she said. So We Talked to an Economist. NO data about the Use in Pregnancy and lactation, in Paediatric Individuals <12 Years of Age and .VACCINE EFFECTIVENESS! On the other hand, the increase in marginal tax rates discourage labor and savings. I know what I had which was lost in that collapse which would have taken down all 5 of the leading investment banks in a real justice system. If DoD is moving money around to this degree, that means it's unlikely that Congress' intention is being followed to the letter, Clark said. Its the accounting system , it made $35 Trillion in corrections to a budget of less than 1 trillion. According to Bloombergs Anthony Carpaccio, the Department of Defense made $35 trillion in accounting adjustments in 2019, easily surpassing the $30.7 trillion in such adjustments recorded in 2018. Enter your email address to subscribe to this blog and receive notifications of new posts by email. The Pentagons $35 Trillion Accounting Black Hole. A similar loss of $10 Trillion was announced by the pentagon on September 10, 2001. Other news organizations stenographically quoted Pentagon officials as admitting that they failed again but saw progress, and as promising that they would achieve a clean audit by get this 2027. The Lone Eagle, as he was called, then helped develop aviation and married Anne Morrow, daughter of diplomat Dwight Morrow. Pfizer wanted you to wait until the year 2085 to know the vaccine has NINE pages of side effects (1291 adverse reactions and counting) The new Pfizer data dump shows42,000+ adverse effects including 1,200+ deaths caused by the vaccine just in the first 3 months of use (1-Dec-20 to 28-Feb-21), and the FDA didnt withdraw it from the market! Clearly, the benefit of 911 has been the ability to keep hiding missing money that nobody seems to care about. The Pentagon failed its audit amid a now $35 trillion scandal (yes, trillion) Lee Camp. So, like in your household budget: It would be like moving money from checking, to savings, to your 401K, to your credit card, and then back.. ', By In other words, were already far afield of former Defense Secretary Donald Rumsfelds September 10, 2001 admission that the Pentagram had about $2 trillion it couldnt account for. Tony Capaccio of Bloomberg first reported. Forbes: The U.S. Air Force Just Admitted The F-35 Stealth Fighter Has Failed Salon: Even by Pentagon terms, this was a dud: The disastrous saga of the F-35 Esquire: This Country Is Spending $1.7 Trillion on Planes That Dont Work For that money, we could have cancelled American student loan debt. The excuse that these tapes might lead to the missing money was all an elaborate scam to get these tapes to protect the bankers. Jeff Schogol Well, I suspect todays article, shared by G.P., may have something to do with yesterdays story. Economists, including the ones who would do official analyses of any tax legislation, assume that workers ultimately pay part of the corporate income tax in the form of lower wages, The Wall Street Journals Richard Rubin explains. WASHINGTON, D.C. U.S. Sens. They wanted guaranteed trades. The latest estimate is up from $30.7 trillion in 2018 and $29 trillion in 2017, the first year adjustments were tracked in a concerted way, according to Pentagon figures and a lawmaker whos pursued the accounting morass. Mark Easton, the Defense Departments deputy chief financial officer, wrote the GAO that in response to its audit the department is actively developing strategies to reduce accounting adjustments. In addition, the gap between the campaigns estimates and Penn Whartons nonpartisan analysis demonstrates the challenges candidates face in generating new tax revenue to fund ambitious proposals, writes Bloomberg News reporter Laura Davison: Whats driving the trillion-dollar annual deficits the U.S. is expected to record for years to come, tax cuts or federal spending? However, $35 trillion is close to 50-times the size of the Pentagons 2019 budget, so that means every dollar the Defense Department received from Congress was moved up to 50 times before it was actually spent, Clark said. Here is one tape I had a copy of that was at my mothers house which survived. According to Japans health ministry, the total number of births declined to 799,728 in 2022, which is down 5.1% from a year earlier. Why it matters: More broadly, the number highlights the persistent lack of internal financial controls at the Pentagon, which makes it extremely difficult to account properly for defense spending.
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