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. 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. She experienced the wrath of the dental industry when she tried to publish her researchtitled The Neurotoxicity of Sodium Fluoride in Rats in the Journal of Neurotoxicology and Teratology that fluoride was neurotoxic. in assets and a record current 2021 budget of $738 billion, has for the third year in a row failed its audit. (ZH) Over the past two weeks of coronavirus headlines and heightened global anxiety, along with impeachment coverage and after over the Super Bowl weekend Americans huddled in living rooms in blissful oblivion, a story which in more normal times would be front and center has gone largely unnoticed. 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. Clearly, the benefit of 911 has been the ability to keep hiding missing money that nobody seems to care about. Naturally, the first and only question we should start with is: how is this even possible? Oddly enough, the section of the pentagon that was hit was where the financial analysts who came up with the discrepancy were located. PO Box 1052 Providing exclusive original content and interviews with some of the best known voices in the world of economics and precious metals. The watchdog agency will release a report on the subject Wednesday after reviewing more than 200,000 fourth-quarter 2018 adjustments totaling $15 trillion. The report shows the Pentagon employs accounting adjustments like a contractor paints over mold. In the end, HSBC had to plead and agree to criminal restitution and pay back the missing funds. The governments claim was itcollapsed from fire. Contact the author here. (LogOut/ That's creating a lot of volume of accounting adjustments., It would be like if you thought you had $500 but you got your bank statement and it said you had $400, you'd go with the $400 without investigating it, she continued. In the banking world, where the same pile of assets are assigned to several different accounts all at the same time, its not only fraudulent, but there is actually a word for it: re-hypothecation. Or are you an unpatriotic commie pig who doesnt appreciate their struggle?! All constitutional changes required the unanimous approval of the 13 member States. Worse still, it seems to have endorsed a continual problem of missing money from the Pentagon. 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 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. A lot may be an understatement: According to government data, there were 562,568 adjustments made in the Pentagons books in 2018. No government employees in that WTC7 building were in there when it collapsed. 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. Articles may contain affiliate links which enable us to share in the revenue of any purchases made. 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. 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. Its the accounting system , it made $35 Trillion in corrections to a budget of less than 1 trillion. There was no source of fuel and the photos of the collapse fail to show a raging fire. Follow FREEDOM MINDS FOR THE AMERICAN REPUBLICS on WordPress.com. SGT Report is your daily source for truth in a time of universal deceit. The nations two main newspapers, the Washington Post and the New York Times, have simply ignored it. They needed the guaranteed trade. The findings? 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. The spending adjustments follow the Pentagons first failed audit in 2018 and another failed audit in 2018, according to Bloomberg. according to a recent Government Accountability Office report. Trumps Fed Nominees Will Mean Easier Money, Talented Immigrants Make the U.S. Richer, Not Poorer. The rise in the deficit since 2017 has so far been accompanied by solid if unspectacular economic growth and near-record-low unemployment rates. Jeff Schogol The Pentagon's accounting systems are so old and out of date that defense officials don't even put up a fight when the Treasury Department says they've made errors, explained Kristen Kociolek, who led the GAO's review of the issue. 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? Imane Fadil was a Moroccan ex-model who became a celebrity after becoming a key witness in the 2013 Rubygate trials which accused the media mogul and ex-Prime Minister of Italy Silvio Berlusconi of child prostitution. Penn Wharton reportedly plans to follow up with additional analysis considering the effects of the tax plans if the revenue raised were used to fund investments that boost productivity. But because the DoD could not provide support, the auditors could not draw conclusions regarding the adjustments., Published on January 22, 2020, 3:00 AM CST. 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. 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. Its not a pile of cash, and its not all expenditures. TexanCiviliansCriminallyAssaultedbyState,FederalandCorporateagencies, https://www.bloomberg.com/news/articles/2020-01-22/pentagon-racks-up-35-trillion-in-accounting-changes-in-one-year?utm_content=business&utm_source=facebook&utm_campaign=socialflow-organic&utm_medium=social&cmpid=socialflow-facebook-business. NO data about the Use in Pregnancy and lactation, in Paediatric Individuals <12 Years of Age and .VACCINE EFFECTIVENESS! Covid and The Ohio Train PSYOPS Exposed by Richard Gage! Will Democrats Let Him? The story concerns yet more trillions of dollars, in this case, $35,000,000,000,000 worth of accounting errors: Pentagon Racks Up $35 Trillion in Accounting Changes in One Year. Here were talking $30+ trillion and it appears this gaping accounting black hole bigger that most of the worlds past and future economies will itself be memory holed and explained away as being but the minor errors of some DoDpencil-pushers, apparently. Their priority is making the situation look manageable, not solving the underlying problem.. Proof MSM Is The Enemy Of The People CNNs Dumbest Man On Television, Don Lemon, Joins NeverTrumper In Mocking Half Of Americans As Stupid Hicks, Virus Update: Med Journal Lancet Shows Initial Death Rate Over 11% & Contagion up to 83% (1of2), Discover the untold story about the War in Ukraine in this eye-opening documentary, The US wants to Impose a New Economic Paradigm on the World. 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. (LogOut/ Learn how your comment data is processed. Sanders staff reportedly estimated that the tax would raise $315 billion over a decade. 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. They are just proxies for the government with their 99% conviction rates. There were conversations as part of your standard recorded lines when trading so there are no questions about giving orders. 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.. 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. Tesla first demonstrated wireless transmissions during a lecture in 1891. The 1516 Greek-Latin New Testament of . Required fields are marked *. WebThe Pentagon moved a total of $35 trillion among its various budget accounts in 2019, Tony Capaccio of Bloomberg first reported. The Lone Eagle, as he was called, then helped develop aviation and married Anne Morrow, daughter of diplomat Dwight Morrow. According to the DoD, theresnothing to see here. 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. CEO of Blackrock Warns A Spike In Inflation May Come As A Pretty Big Shock Its Not Transitory, Discover the untold story about the War in Ukraine in this eye-opening documentary, The US wants to Impose a New Economic Paradigm on the World. This missing money was reported four times for 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. After all, $35 trillion is about one-and-a-half times the size of the entire US economy. In , A court hearing on whether to unseal sensitive documents involving the alleged sex trafficking of underage girls by Palm Beach multimillionaire Jeffrey Epstein and the possible involvement of his influential friends will play out in a New York City courtroom next week. Trillions explained away by a little benign neglect of simple documentation? Projecting out to 2050, Penn Wharton says the Sanders wealth tax would reduce GDP by 1.1% and average hourly wages would fall by 1% due to the reduction in private capital formation.. Yet, theres a detail in this article that caught my eye, and that fuels todays high octane speculation. pretty much delete everything that had been recorded on their side and just re-record all the balances that Treasury has, Kociolek said. (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. Send your tips and feedback to yrosenberg@thefiscaltimes.com. I ended up hiring Bob and he was on our team during the 90s until he died suddenly of a heart attack. WebIts $1.7 trillion. 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. IRS Determinations Unit had asked for a search of tea party or similar organizations applications. Through 2015, an investigation had learned that tea party and patriot organizations were flagged, donor lists requested, tax exemption denied, thousands of emails deleted and backups destroyed, that IRS Commissioner and officials frequently visited the white house during , Date: March 1, 2010 Source: University of California Berkeley Summary: The herbicide atrazine, one of the worlds most widely used pesticides, wreaks havoc with the sex lives of adult male frogs, emasculating three-quarters of them and turning one in 10 into females, according to a new study. 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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. Earlier: The Pentagon Spent Nearly $1 Billion on Audit and Failed. Your email address will not be published. Within that $30 trillion is a lot of double, triple, and quadruple counting of the same money as it got moved between accounts, said Todd Harrison, a Pentagon budget expert with the Center for Strategic and International Studies. There isnt 35 trillion missing. My battle with the Club was one where they wanted just the perfect trades from inside trading and bribing officials. Thats what should have been the biggest news of 2021. He also calls for higher estate taxes and the introduction of a financial transactions tax. 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. 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 . So what are these accounting adjustments? Maybe this unconventional late-expansion experiment in stimulus will come to be seen as a huge success., Still, there are plenty of people who are concerned about the rise in the size of the deficit, though Fox says hes no longer one of them: As a onetime deficit worrier who has seen pretty much none of the big concerns of deficit worriers in the 1980s through early 2010s come to fruition, Im not going to get all apocalyptic about this. , President Joe Biden delivered his first State of the Union address as his administration struggled to combat soaring inflation, confusing coronavirus messaging, surging illegal immigration, rising global influence of the Chinese Communist Party, and the possibility of a larger military conflict stemming from Russias invasion of Ukraine.1 Biden failed to mention one of his vital campaign proposals, the Build Back Better plan, during his first annual State of the Union address. It also means that the Defense Department really sucks at accounting, according to a recent Government Accountability Office report. 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. The Pentagon Announces $35 Trillion Accounting Black Hole for 2019 Missing Funds HISTORY HEIST Skip to content Search Search for:Search Home News Difficulty is a bit of an understatement, isnt it? 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 Providing exclusive original content and interviews with some of the best known voices in the world of economics and precious metals. 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. That does not mean that the Defense Department spent, lost, or could not account for $35 trillion, said Bryan Clark, a senior fellow with the Center for Strategic and Budgetary Assessments think tank in Washington, D.C. It means money that DoD moved from one part of the budget to another, Clark explained to Task & Purpose. Why Not? Change). 163K subscribers in the conspiracy_commons community. The system fights back with official lies, disinformation, and stonewalling. 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WebThe Real Reason The Pentagon Is Missing 35 TRILLION Dollars. These two very convenient buildings that were attacked were most likely a major cover-up. 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. There were 546,433 adjustments in fiscal 2017 and 562,568 in 2018, according to figures provided by Representative Jackie Speier, who asked the Government Accountability Office to investigate. LIVE INTERVIEW WITH DEREK JOHNSON. 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. Discussion about Republics restoration and other musings. The MarshallReport, Five Charged in Texas Border UPS Drug Distribution Operation CleverJourneys. Thanks for being a reader of this site. Write CSS OR LESS and hit save. WebIn this story, we'll be finding out how the Pentagon somehow lost 35 trillion dollars, do you really believe them? 1 Length: 23MIN ($35 Trillion! The Pentagons $35 Trillion Accounting Black Hole, Plus: Sanders, Biden tax plans come up short, study says. And it means that you're probably spending a lot of time moving money around instead of actually getting the work done, Clark said. If you vote or know anyone that does remind them please . 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. 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