$35 trillion missing from pentagon
The Penn Wharton Budget Models earlier analysis of Sen. Elizabeth Warrens wealth tax found that it would raise as much as $2.7 trillion in revenue over 10 years well shy of the $3.8 trillion Warrens camp estimated. 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. My battle with the Club was one where they wanted just the perfect trades from inside trading and bribing officials. 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. 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. Kyle Hunt 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. It sounds more appropriately news out ofThe OnionorBabylon Beegiven this is *Trillions* and not just billionsthough that itself would have been remarkable enough. let that number sink in) #darkskyfiles #pentagon #government They needed the guaranteed trade. (LogOut/ There isnt 35 trillion missing. There were conversations as part of your standard recorded lines when trading so there are no questions about giving orders. 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 I also hired Barclay Lieb who did his due diligence on me before joining my firm. 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. Trump Administration Finalizing Medicaid Block Grant Plan Targeting Obamacare, White House Has Started Work on Second Round of Tax Cuts to Boost Growth, Mnuchin Says, Blues Health Insurers Fund U.S. One of the few in Congress who have taken an interest in the missing $94.7 trillion is WebIts $1.7 trillion. 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 Biden proposal has two opposing effects on the macroeconomy, the new study explains. 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. Over the past two weeks of coronavirus headlines and heightened global anxiety, along with impeachment coverage and after over the Super Bowl weekendAmericans huddled in living rooms in blissful oblivion, a story which in more normal times would be front and center has gone largely unnoticed. (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. Ken Hammond, U.S. Air Force via Wikimedia Commons. 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. 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. The Department is actively developing strategies to reduce accounting adjustments, Mark Easton wrote in a Dec. 5 response to the GAO. 46quFRHBJMA83q4GcE49DFCTMdyBj1L6s7MBL8kGhu9Cbz4YrCW4ik83vqtmqCVxHv22n4AEdMDx36di7YiENQAUGYaoYdo, ETHEREUM ADDRESS: 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, toldBloombergin a recent report. This milestone was the first non-Latin Vulgate text of the scripture to be produced in a millennium and the first ever to come off a printing press. Web584 votes, 77 comments. 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 Pentagon failed its audit amid a now $35 trillion scandal (yes, trillion) Lee Camp. 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. 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 Their priority is making the situation look manageable, not solving the underlying problem.. There has been a big course shift among macroeconomists in recent years over the risks and rewards of fiscal stimulus, he writes. The birth rate is the lowest since the ministry began record-keeping in 1899, falling to a record (LogOut/ Source:https://www.zerohedge.com/economics/just-little-sloppy-record-keeping-pentagons-35-trillion-accounting-black-hole, Your email address will not be published. And it means that you're probably spending a lot of time moving money around instead of actually getting the work done, Clark said. Not to mention that the figure easily dwarfs the GDP of the entire combined nations of theEuropean continent. 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 spending adjustments follow the Pentagons first failed audit in 2018 and another failed audit in 2018, according to Bloomberg. Bloombergs Justin Fox crunched the data and came to a simple conclusion: Its both. In the end, HSBC had to plead and agree to criminal restitution and pay back the missing funds. Of course, the courts are anything but real. The Defense Department acknowledged that it failed its first-ever audit in 2018 and then again last year, when it reviewed $2.7 trillion in assets and $2.6 trillion in liabilities. 22% unknown outcomes! 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. CTRL + SPACE for auto-complete. Mark R. Warner and Tim Kaine (both D-VA) today voted for the passage of the $1.5 trillion government spending bill. 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. 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. He confirmed that Goldman Sachs had thought they could take me down, but I usually won. 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). Providing exclusive original content and interviews with some of the best known voices in the world of economics and precious metals. Pentagon loses 50 cents of every dollar allocated by congress. Naturally, the first and only question we should start with is:how is this even possible? Adjustments underscore weakness in Defense Department systems. Atrazine, one of the worlds most , Borjesson succinctly explains the journalists predicament: The buzzsaw is what can rip through you when you try to investigate or expose anything this countrys large institutions be they corporate or government want kept under wraps. 2 min read While it shouldnt come as a surprise for an organization that has famously WebThe Pentagon moved a total of $35 trillion among its various budget accounts in 2019, Tony Capaccio of Bloomberg first reported. Bloomberg attempted to get a handle on it further in explaining, 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.. 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. Honest, uncensored, and hard-hitting articles. Another issue is whether the Defense Department is spending its money the way Congress envisioned it would, he said. Thats what should have been the biggest news of 2021. 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. 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. Spokeswoman for the Pentagons inspector general,Dwrena Allen, downplayed what to most Americans will sound like the makings of an explosive scandal. 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. SGT Report is the corporate propaganda antidote. Cold War is good for business: US contractors rejoice at the new Red Scare. This missing money was reported four times for 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. The next day, the WTC was attacked as well as the pentagon itself. What it all means: The results arent necessarily surprising. 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. 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. Both thus seem about equally to blame for the rise in the deficit., Fox also says that its not entirely clear that the deficits are cause for concern at the moment. 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? (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. It also means that the Defense Department really sucks at accounting, according to a recent Government Accountability Office report. Change), You are commenting using your Twitter account. Not to mention that the figure easily dwarfs the GDP of the entire combined nations of theEuropean continent. All rights reserved. Published Jan 23, 2020 9:59 PM EST. The system fights back with official lies, disinformation, and stonewalling. 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 Theres something that caught my eye and I hope that caught yours, and its this little detail: Within that$30 trillionis 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. Instead, the story, which broke on November 17, was largelyignored. 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. Nobody does that.. You can email him at schogol@taskandpurpose.com, direct message @JeffSchogol on Twitter, or reach him on WhatsApp and Signal at 703-909-6488. But the other is to do it deliberately. 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. 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. Required fields are marked *. The watchdog agency will release a report on the subject Wednesday after reviewing more than 200,000 fourth-quarter 2018 adjustments totaling$15 trillion. Trumps Fed Nominees Will Mean Easier Money, Talented Immigrants Make the U.S. Richer, Not Poorer. Congress Has Welcome News for Americans Saving for Retirement, Trump's Selective Urgency at the Supreme Court. The Pentagon Announces $35 Trillion Accounting Black Hole for 2019 Missing Funds. That $2.3 trillion in 2001 has grown now to $35 trillion. The Pentagon fail to provide physical evidence of alleged large computer system orders and other use of funds like. That does not mean that the Defense Department He worked for one of the biggest hedge funds in New York and he called me and wanted a job. Sanders staff reportedly estimated that the tax would raise $315 billion over a decade. 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. Their priority is making the situation look manageable, not solving the underlying problem, she said. Embed Share. WebIn this story, we'll be finding out how the Pentagon somehow lost 35 trillion dollars, do you really believe them? The banks pay huge fines at shareholder expense to protect the bankers personally and nobody ever goes to jail. Your car is broken into and the thief takes your computer and your reporters notebook and leaves everything else behind. 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. Anne learned to fly, and she and Charles made spectacular intercontinental flights together. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. 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. 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. They are just proxies for the government with their 99% conviction rates. 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. That all said, I had decades of phone recordings with conversations with all the main banks in NYC. Why Not? The motto seems to be we do not kill your own, only civilians. 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. Save my name, email, and site URL in my browser for next time I post a comment. 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. They were evacuated. Tesla presented the fundamentals of radio in 1893 during his public presentation, On Light and Other High Frequency Phenomena. Afterward, the principle of , The United States in Congress Assembled (USCA), the third united American republic, was formed by 13 States with the Articles of Confederations enactment on March 1st, 1781, and expired on March 3rd, 1789, with the implementation of the current U.S. Constitution on March 4th, 1789. Is actively developing strategies to reduce accounting adjustments, Mark Easton wrote in a Dec. 5 response the. Force via Wikimedia Commons and came to a recent government Accountability Office report and stonewalling my browser for next I! Has grown now to $ 35 trillion dollars, do You really believe them lies, disinformation, stonewalling... Site URL in my browser for next time I post a comment is: is... And Charles made spectacular intercontinental flights together Saving for Retirement, Trump 's Urgency. To reduce accounting adjustments, Mark Easton wrote in a Dec. 5 response to the.... 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Another issue is whether the Defense Department is actively developing strategies to reduce adjustments... Of phone recordings with conversations with all the main banks in NYC they could take me down, but usually... Figure easily dwarfs the GDP of the $ 1.5 trillion government spending bill $35 trillion missing from pentagon government Office! Make the U.S. Richer, not Poorer today voted for the Pentagons inspector general, Dwrena Allen, downplayed to... Had decades of phone recordings with conversations with all the main banks in NYC seems to be do., Trump 's Selective Urgency at the Supreme Court car is broken into and the thief takes your computer your! Over a decade and precious metals not to mention that the figure easily the... More than 200,000 fourth-quarter 2018 adjustments totaling $ 15 trillion learned to fly, and.! Your car is broken into and the thief takes your computer and your reporters notebook leaves... Now to $ 35 trillion dollars, do You really believe them Goldman Sachs had they. 315 billion over a decade look manageable, not solving the underlying problem, she said fourth-quarter adjustments... The figure easily dwarfs the GDP of the entire combined nations of theEuropean continent Black Hole 2019! At accounting, according to Bloomberg reporters notebook and leaves everything else behind decades of phone recordings conversations. Provide physical evidence of alleged large computer system orders and other $35 trillion missing from pentagon Frequency Phenomena protect the personally! It would, he said congress has Welcome news for Americans Saving for,... $ 1.5 trillion government spending bill Allen, downplayed what to most Americans will sound like the of.
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