The MarshallReport, Five Charged in Texas Border UPS Drug Distribution Operation CleverJourneys. Congress Has Welcome News for Americans Saving for Retirement, Trump's Selective Urgency at the Supreme Court. Would love your thoughts, please comment. The Pentagon, with some $3 trillion (give or take a trillion but whos counting?) Professor Denounces Maskless People As Racist, Ableist, And Classist. This article originally appeared on Zero Hedge. 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 The Pentagon's accounting systems are so old and out of date that defense officials don't even put up a fight when the Treasury Department says they've made errors, explained Kristen Kociolek, who led the GAO's review of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. 0. Bitcoin address: 1AfppjYZddJzc2C15PXKMsnyBPjPJQezwA. 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. 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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. Why Not? CTRL + SPACE for auto-complete. Follow us on Twitter: @yuvalrosenberg, @mdrainey and @TheFiscalTimes. The Pentagon fail to provide physical evidence of alleged large computer system orders and other use of funds like. 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 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. Countless manipulations about how they pulled of ventures to ensure guaranteed trades. The Department is actively developing strategies to reduce accounting adjustments, Mark Easton wrote in a Dec. 5 response to the GAO. Jeff Schogol The Pentagon alone gets half the pie, a record $858 billion. There has been a big course shift among macroeconomists in recent years over the risks and rewards of fiscal stimulus, he writes. The Penn Wharton analysis projects that his plan would raise $600 million to $900 million less that that, or between$2.3 trillion (after economic feedback effects are factored in) and $2.6 trillion (without those macroeconomic effects). Worse still, it seems to have endorsed a continual problem of missing money from the Pentagon. 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? They needed the guaranteed trade. 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 The banks pay huge fines at shareholder expense to protect the bankers personally and nobody ever goes to jail. Biden may face some challenges, too. Their priority is making the situation look manageable, not solving the underlying problem, she said. Indeed, $35 trillion exceeds Americas entire GDP for 2019 by more than 50%. 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. 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. And it may contain another hint of that hidden system of finance and its practices as well. In 1930, the first of their six children, Charles, Jr., was born, dubbed the Eaglet by the press. 0x3c909c5617D7BEF7B12FB4054F6D4dBcf22602e7. The report shows the Pentagon employs accounting adjustments like a contractor paints over mold. Oddly enough, the section of the pentagon that was hit was where the financial analysts who came up with the discrepancy were located. let that number sink in) #darkskyfiles #pentagon #government PO Box 1052 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. There were conversations about how they bribed officials in Russia to recall platinum for an inventory. Like what you're reading? Founder of Architects for 911 Truth. 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. 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. That all said, I had decades of phone recordings with conversations with all the main banks in NYC. That $2.3 trillion in 2001 has grown now to $35 trillion. And please tell your friends they can sign up here for their own copy of this newsletter. 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.. SGT Report is the corporate propaganda antidote. AMAZING INTEL BEING RELEASED NOW! 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 The Pentagon Announces $35 Trillion Accounting Black Hole for 2019 Missing Funds. Mnuchin Said Thunberg Needed to Study Economics Before Offering Climate Proposals. The enormity of the accounting adjustment defies any rational explanation. Missing Money 2021 Update The Missing Money (solari.com) It also means that the Defense Department really sucks at accounting, according to a recent Government Accountability Office report. WASHINGTON, D.C. U.S. Sens. Their priority is making the situation look manageable, not solving the underlying problem, she said. 2 min read While it shouldnt come as a surprise for an organization that has famously WebIn this story, we'll be finding out how the Pentagon somehow lost 35 trillion dollars, do you really believe them? Spokeswoman for the Pentagons inspector general,Dwrena Allen, downplayed what to most Americans will sound like the makings of an explosive scandal. 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. Covid and The Ohio Train PSYOPS Exposed by Richard Gage! SGT Report is your daily source for truth in a time of universal deceit. 2009-2023 The Fiscal Times. Constant recordings about join them stop fighting the club. Bloombergs Justin Fox crunched the data and came to a simple conclusion: Its both. 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. 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. 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.. Thats what should have 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 The MarshallReport, Why Are Colleges Still Mandating COVID Vaccines for Students? By Anthony Capaccio. WebThe Real Reason The Pentagon Is Missing 35 TRILLION Dollars. However, $35 trillion is close to 50-times the size of the Pentagons 2019 budget, so that Enter your email address to subscribe to this blog and receive notifications of new posts by email. On one hand, reducing federal deficits increases investment, leading to greater capital accumulation and, therefore, increasing GDP. 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? 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. 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 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. 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. RIP, Jim Lehrer. Learn how your comment data is processed. Difficulty is a bit of an understatement, isnt it? in assets and a record current 2021 budget of $738 billion, has for the third year in a row failed its audit. Published Jan 23, 2020 9:59 PM EST. 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 is where they took our computer system and when I asked for my legal discovery, the SEC responded that everything was destroyed in 911. Consider too that the current actual US budge for defense-related funding is$738 billion. 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. 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 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. 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. The rise in the deficit since 2017 has so far been accompanied by solid if unspectacular economic growth and near-record-low unemployment rates. 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. Earlier: The Pentagon Spent Nearly $1 Billion on Audit and Failed. The Pentagon failed its audit amid a now $35 trillion scandal (yes, trillion) Lee Camp. Its the accounting system , it made $35 Trillion in corrections to a budget of less than 1 trillion. Many of these older systems were designed without consideration for current financial accounting standards, Sherwood said. 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. According to the DoD, theresnothing to see here. The FBI calls you. 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