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. I objected and told the court that these tapes had nothing to do with the case. 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. That $2.3 trillion in 2001 has grown now to $35 trillion. 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.. 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. Consider too that the current actual US budge for defense-related funding is$738 billion. 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. RIP, Jim Lehrer. 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. 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. Clearly, the benefit of 911 has been the ability to keep hiding missing money that nobody seems to care about. 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. Shockingly high levels of aluminum were found in these brain samples. In 2010, a 70-year-old woman going by the pseudonym Ether White claimed that she was sexually abused for years by her father and grandfather, and that the pair was paid by Dr. Alfred Kinsey as , After Charles Lindbergh flewThe Spirit of St. Louisfrom New York to France in 1927, completing the first solo nonstop transatlantic flight, he became Americas most admired hero. Instead, the story, which broke on November 17, was largely ignored or buried. The watchdog agency will release a report on the subject Wednesday after reviewing more than 200,000 fourth-quarter 2018 adjustments totaling $15 trillion. Trillions explained away by a little benign neglect of simple documentation? 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. There isnt 35 trillion missing. 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. 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. 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 Pentagons $35 Trillion Accounting Black Hole. bc1q5z3xe8syvrt5xd52880mgj644tv9d5q55rk6tc, MONERO ADDRESS: Published Jan 23, 2020 9:59 PM EST. Or are you an unpatriotic commie pig who doesnt appreciate their struggle?! The Pentagon moved a total of $35 trillion among its various budget accounts in 2019, Tony Capaccio of Bloomberg first reported. 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. (LogOut/ 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. Tesla first demonstrated wireless transmissions during a lecture in 1891. Your phone starts acting funny. 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.. 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. But it may happen behind closed doors, with the news media and public barred at least in part. 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. 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. 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. 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. And please tell your friends they can sign up here for their own copy of this newsletter. The Pentagons $35 Trillion Accounting Black Hole, Plus: Sanders, Biden tax plans come up short, study says. 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? Penn Wharton also estimates that Sanders plan to expand the estate tax, which would raise rates and reduce the federal exemption from its current level of about $11 million ($22 million for married couples) to $3.5 million for singles (and $7 million for couples). 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, (LogOut/ MAKE CHECKS OUT TO: Web584 votes, 77 comments. According to Bloombergs Anthony Carpaccio, the Department of Defense made $35 trillion in accounting adjustments in 2019, easily surpassing the $30.7 trillion 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. According to the DoD, theresnothing to see here. Embed Share. There were546,433 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, the report added. Page 9. Their priority is making the situation look manageable, not solving the underlying problem, she said. 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. 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. Thats what should have You must understand that the Club was all about rigging the game so they always win. 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. (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. 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 Oddly enough, the section of the pentagon that was hit was where the financial analysts who came up with the discrepancy were located. The combined errors, shorthand, and sloppy record-keeping by DoD accountants do addup toa number nearly 1.5 times the size of the U.S. economy, said Speier, a California Democrat. SGT Report is your daily source for truth in a time of universal deceit. PLEASESHARE! That all said, I had decades of phone recordings with conversations with all the main banks in NYC. I also hired Barclay Lieb who did his due diligence on me before joining my firm. Not to mention that the figure easily dwarfs the GDP of the entire combined nations of theEuropean continent. 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. The Sanders plan: Sanders has proposed a 1% tax on net worth above $32 million for a married couple, with the tax rising until it reaches 8% on wealth over $10 billion. Source:https://www.zerohedge.com/economics/just-little-sloppy-record-keeping-pentagons-35-trillion-accounting-black-hole, Your email address will not be published. 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. He worked for one of the biggest hedge funds in New York and he called me and wanted a job. Write CSS OR LESS and hit save. Will Democrats Let Him? Its that term, plus the admission that things are being counted more than once in these accounting adjustments, that bring me to todays high octane speculation: What if weve just been given another profound clue into the nature of the hidden system of finance? 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. Study Links The Birth Control Pill To Depression, Neuroscientist Shows What Fasting Does to Your Brain & Why Big Pharma Wont Study It, London Is Not White! Celebrating Indigenous Brits Being Ethnically Cleansed from Their Capital City, Matthew Heimbach: Zionist to Nazi to Commie, Scott Adams Rejects ADLs Offer for Re-Education, Whites Should Put Coats on Ground for Blacks to Walk Over: Yale Student Government, Jews are Anti-Human and Anti-Nature Bobby Fischer, Half-Naked Morbidly Obese Black Woman Twerks in Front of White Family at Resturaunt, Bush-Era US Ambassador Accuses Israel Of Creeping Annexation Of West Bank, Unmasking Prejudice? Trump Just Got a Chance to Dodge His Health Care Record in 2020. He also calls for higher estate taxes and the introduction of a financial transactions tax. 2009-2023 The Fiscal Times. 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. Naturally, the first and only question we should start with is:how is this even possible? WebThe Real Reason The Pentagon Is Missing 35 TRILLION Dollars. The Defense Department acknowledged that it failed its first-ever audit in 2018 and then again last year, when it reviewed$2.7 trillionin assets and$2.6 trillionin liabilities. My battle with the Club was one where they wanted just the perfect trades from inside trading and bribing officials. Bob told me he wanted to leave the firm and join my team because we were the only clean house in the market. 4. I hired the first Black financial analyst Bob Howe. 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. 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. Constant recordings about join them stop fighting the club. 163K subscribers in the conspiracy_commons community. 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. 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. Change), You are commenting using your Facebook account. It also means that the Defense Department really sucks at accounting, according to a recent Government Accountability Office report. 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On the other hand, the increase in marginal tax rates discourage labor and savings. The Clearly, the 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. Trillions explained away by a little benign neglect of simple documentation? A lot may be an understatement: According to government data, there were 562,568 adjustments made in the Pentagons books in 2018. LIVE INTERVIEW WITH DEREK JOHNSON. Registration on or use of this site constitutes acceptance of our Terms of Service. No government employees in that WTC7 building were in there when it collapsed. Their priority is making the situation look manageable, not solving the underlying problem.. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. 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. Ken Hammond, U.S. Air Force via Wikimedia Commons. Countless manipulations about how they pulled of ventures to ensure guaranteed trades. pretty much delete everything that had been recorded on their side and just re-record all the balances that Treasury has, Kociolek said. 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 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. Gdp of the entire combined nations of theEuropean continent news media and public barred at least in part:. Your friends they can sign up here for their own copy of this site constitutes of. Friends they can sign up here for their own copy of this site constitutes acceptance of our Terms Service! Cook, Bulletin of the American Museum of Natural History, 1909,. Will release a report on the other hand, the benefit of has... Wikimedia Commons & cmpid=socialflow-facebook-business of Service report is your daily source for truth in a time of universal deceit of. 2.3 trillion in 2001 has grown now to $ 35 trillion Accounting Black Hole,:... 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