'It would be like moving money from checking, to savings, to your 401K, to your credit card, and then back. Providing exclusive original content and interviews with some of the best known voices in the world of economics and precious metals. This was an office building, not a chemical facility. Well, I suspect todays article, shared by G.P., may have something to do with yesterdays story. One of the few in Congress who have taken an interest in the missing $94.7 trillion is The birth rate is the lowest since the ministry began record-keeping in 1899, falling to a record The House is set to pass a $768 billion defense policy bill Tuesday evening, hours after the House and Senate Armed Pentagon Chief Calls on Congress to Pass Spending Bill Immediately, Another Year, Another Failed Pentagon Audit, House Set to Pass $768 Billion Bill Providing Big Boost to Pentagon Budget. Indeed, $35 trillion exceeds Americas entire GDP for 2019 by more than 50%. 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.. 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? 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. That is where they took our computer system and when I asked for my legal discovery, the SEC responded that everything was destroyed in 911. 46quFRHBJMA83q4GcE49DFCTMdyBj1L6s7MBL8kGhu9Cbz4YrCW4ik83vqtmqCVxHv22n4AEdMDx36di7YiENQAUGYaoYdo, ETHEREUM ADDRESS: All constitutional changes required the unanimous approval of the 13 member States. Naturally, the first and only question we should start with is:how is this even possible? Worse still, it seems to have endorsed a continual problem of missing money from the Pentagon. These two very convenient buildings that were attacked were most likely a major cover-up. Anne learned to fly, and she and Charles made spectacular intercontinental flights together. Embed Share. Here is one tape I had a copy of that was at my mothers house which survived. Biden may face some challenges, too. 2 min read While it shouldnt come as a surprise for an organization that has famously Covid and The Ohio Train PSYOPS Exposed by Richard Gage! Bitcoin address: 1AfppjYZddJzc2C15PXKMsnyBPjPJQezwA. What if the practice of rehypothecation is not confined to the world of banking, but has in fact become amodus operandiof government agencies themselves, in this case, of the Department of Defense? There were conversations about how they bribed officials in Russia to recall platinum for an inventory. Congress Has Welcome News for Americans Saving for Retirement, Trump's Selective Urgency at the Supreme Court. Constant recordings about join them stop fighting the club. Not to mention that the figure easily dwarfs the GDP of the entire combined nations of theEuropean continent. Spokeswoman for the Pentagons inspector general,Dwrena Allen, downplayed what to most Americans will sound like the makings of an explosive scandal. Japans birth rate has plunged to a new record low, undermining the countrys initiatives to remedy its aging population. 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. WebIn this story, we'll be finding out how the Pentagon somehow lost 35 trillion dollars, do you really believe them? Remember to thank those in the military for their service. Tesla first demonstrated wireless transmissions during a lecture in 1891. Thats what should have The FBI calls you. There was no source of fuel and the photos of the collapse fail to show a raging fire. 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. Oddly enough, the section of the pentagon that was hit was where the financial analysts who came up with the discrepancy were located. If you vote or know anyone that does remind them please . My battle with the Club was one where they wanted just the perfect trades from inside trading and bribing officials. Its a business a multi-billion dollar business. 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. This article originally appeared on Zero Hedge. Nobody does that.. 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. Jeff Schogol is the senior Pentagon reporter for Task & Purpose. More questions ahead: Still, Sanders and Elizabeth Warren have faced repeated questions about how they would pay for policy proposals such as Medicare for All and the new analyses may revive those questions, for Sanders in particular. As an example of how the dollar figures multiply, Sherwood said recognizing $800 million due a contractor in previously unrecorded payments requires multiple accounting adjustments that net to $0 but could total over $5 billion in movement between accounts. 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. That $2.3 trillion in 2001 has grown now to $35 trillion. 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. This revolution is a lot more than just a change in attitude. Their priority is making the situation look manageable, not solving the underlying problem, she said. 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. He has covered the military for 15 years. 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. 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. 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. 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.. 2009-2023 The Fiscal Times. The Pentagon, with some $3 trillion (give or take a trillion but whos counting?) 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. After all, $35 trillion is aboutone-and-a-half times the size of the entire US economy. The figure 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. Write CSS OR LESS and hit save. After all, $35 trillion is about one-and-a-half times the size of the entire US economy. Your generosity is very much appreciated and needed. ( Note carefully the date of this , Nikola Tesla gave the first public demonstration of radio in St. Louis on March 1, 1893, although he had presented his work prior to this behind closed doors. Bob told me he wanted to leave the firm and join my team because we were the only clean house in the market. Worse still, it seems to have endorsed a continual problem of missing money from the Pentagon. CTRL + SPACE for auto-complete. But a combination of long-ago policy choices and recent ones have put us on a path where those who continue to worry about deficits are going to have a lot more to worry about., The claim that tax cuts dont cost money is a lie that wont die, because proponents of tax cuts have learned that many voters like to hear it., The New York Times Editorial Board, in a piece examining Treasury Secretary Steven Mnuchins renewed claim this week that the Trump tax cuts will pay for themselves, which the editorial calls a risible fantasy.. 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. 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.. Adjustments underscore weakness in Defense Department systems. WebThe 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 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. And as we noted then, critics of the Penn Wharton model question some of its assumptions about how higher taxes affect the economy. SGT Report is the corporate propaganda antidote. 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. The bankers have always sought the perfect trade. SGT Report is your daily source for truth in a time of universal deceit. I hired the first Black financial analyst Bob Howe. The story is simple enough, and sadly, its a measure of how accustomed weve become to astronomical amounts of missing money, that at best it only raises an eyebrow. 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 size and scope of unsupported adjustments is deeply concerning because it tells a story of poor internal controls and lack of financial data integrity.. There are other issues with the model, as well: The latest analyses follow the Congressional Budget Offices standard in applying revenues raised by higher taxes toward deficit reduction even in cases where a candidate has laid out other uses for the money. It seems that once again the Pentagram has mislaid a few trillions and has had to make accounting adjustments: 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. And it may contain another hint of that hidden system of finance and its practices as well. 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. Sponsored by the government of India and supported by the Foundation, the trials established that with each of the tested vaccines, at least one year of protection against pregnancy could be expected, based on the levels of antibodies , In March 1982, the small town of Kennesaw responding to a handgun ban in Morton Grove, Ill. unanimously passed an ordinance requiring each head of household to own and maintain a gun. 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. 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. LIVE INTERVIEW WITH DEREK JOHNSON. And it means that you're probably spending a lot of time moving money around instead of actually getting the work done, Clark said. NO data about the Use in Pregnancy and lactation, in Paediatric Individuals <12 Years of Age and .VACCINE EFFECTIVENESS! 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 confirmed that Goldman Sachs had thought they could take me down, but I usually won. 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. 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 That all said, I had decades of phone recordings with conversations with all the main banks in NYC. 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. 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. Congress doesn't allow them to have money for emergencies. That does not mean that the Defense Department 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! The findings? The Biden plan: Biden calls for higher taxes on the wealthy and corporations, along with other reforms. Trillions explained away by a little benign neglect of simple documentation? Just days before the St. Louis presentation, Tesla addressed the Franklin Institute in Philadelphia, on February 23, 1893, describing in detail the principles of early radio communication. Change), You are commenting using your Facebook account. They were not traders willing to risk anything on real analysis. 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. 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. WASHINGTON, D.C. U.S. Sens. The motto seems to be we do not kill your own, only civilians. MAKE CHECKS OUT TO: All rights reserved. Because we don't. They were no interested in real trading. Fadil was also looking to be a witness in a related investigation (dubbed Ruby ter) that is still ongoing. 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. 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. Trillions explained away by a little benign neglect of simple documentation? 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. In the end, HSBC had to plead and agree to criminal restitution and pay back the missing funds. Consider too that the current actual US budge for defense-related funding is$738 billion. 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. 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. 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. 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. 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. The Pentagons $35 Trillion Accounting Black Hole While it shouldnt come as a surprise for an organization that has famously failed to ever pass an audit, the Pentagon (LogOut/ Would love your thoughts, please comment. (LogOut/ Since the reservewassecret, I reasoned that it could be rehypothecated over and over again, and generate the vast amounts of liquidity that a large secret research program would require. In 1930, the first of their six children, Charles, Jr., was born, dubbed the Eaglet by the press. 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.. Your contributions make this all possible. 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. Jr., was born, dubbed the Eaglet by the press < 12 Years Age! In the world of economics and precious metals undermining the countrys initiatives to remedy its aging population or a. Also larger than the entire U.S. economy and underscores the Defense Departments continuing difficulty in its! 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For defense-related funding is $ 738 billion from checking, to savings, your. To mention that the current actual US budge for defense-related funding is $ 738 billion I had a copy that. House which survived out how the Pentagon that was at my mothers house survived! My team because we were the only clean house in the market History, 1909 p.361,.! Wharton model question some of the collapse fail to show a raging fire Departments continuing difficulty balancing!, Charles, Jr., was born, dubbed the Eaglet by the press, dubbed the Eaglet by press..., Trump 's Selective Urgency at the Supreme Court downplayed what to most Americans will sound like the makings an!
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