$35 trillion missing from pentagon

According to Japans health ministry, the total number of births declined to 799,728 in 2022, which is down 5.1% from a year earlier. Thats what should have been the biggest news of 2021. It sounds more appropriately news out ofThe OnionorBabylon Beegiven this is *Trillions* and not just billionsthough that itself would have been remarkable enough. 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. A lot may be an understatement: According to government data, there were 562,568 adjustments made in the Pentagons books in 2018. Naturally, the first and only question we should start with is:how is this even possible? There isnt 35 trillion missing. Adjustments underscore weakness in Defense Department systems. 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. Another issue is whether the Defense Department is spending its money the way Congress envisioned it would, he said. Congress Has Welcome News for Americans Saving for Retirement, Trump's Selective Urgency at the Supreme Court. And please tell your friends they can sign up here for their own copy of this newsletter. CTRL + SPACE for auto-complete. 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.. 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.. 1 Length: 23MIN ($35 Trillion! 46quFRHBJMA83q4GcE49DFCTMdyBj1L6s7MBL8kGhu9Cbz4YrCW4ik83vqtmqCVxHv22n4AEdMDx36di7YiENQAUGYaoYdo, ETHEREUM ADDRESS: 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. 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. I also hired Barclay Lieb who did his due diligence on me before joining my firm. Sign up for our, New stock-as-collateral mortgage for Amazon workers comes with key caveats, Salesforce earnings preview: Here's what to expect, UPDATE 1-Genentech sues Biogen for royalties on blockbuster MS drug, Decline in gasoline demand a 'noticeable' and 'permanent change,' says analyst, Bank of Mexico says inflation taking longer than expected to descend. Consider too that the current actual US budge for defense-related funding is$738 billion. Nobody does that.. Change). And as we noted then, critics of the Penn Wharton model question some of its assumptions about how higher taxes affect the economy. 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. Change), You are commenting using your Twitter account. The excuse that these tapes might lead to the missing money was all an elaborate scam to get these tapes to protect the bankers. Your contributions make this all possible. The nations two main newspapers, the Washington Post and the New York Times, have simply ignored it. Biden may face some challenges, too. 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. WebThe Pentagon moved a total of $35 trillion among its various budget accounts in 2019, Tony Capaccio of Bloomberg first reported. The watchdog agency will release a report on the subject Wednesday after reviewing more than 200,000 fourth-quarter 2018 adjustments totaling $15 trillion. 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. Professor Denounces Maskless People As Racist, Ableist, And Classist. 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. The bankers have always sought the perfect trade. 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. The MarshallReport, Why Are Colleges Still Mandating COVID Vaccines for Students? Its widely acknowledged that aluminum can enter the brain and disrupt its functions. Your generosity is very much appreciated and needed. The origin of this latest move against the free flow of information seems to have stemmed from a letter sent by Adam Schiff (D-CA) to the heads of Facebook and Google wherein he lamented the increased viewership of the vaccine debate: There is strong evidence to suggest that at least part , (Jon Rappoport)Here I am printing the abstract of a new study:Aluminium in brain tissue in autism.The publication isJournal of Trace Elements in Medicine and Biology. Their priority is making the situation look manageable, not solving the underlying problem.. Honest, uncensored, and hard-hitting articles. 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.. (LogOut/ The Pentagon moved a total of $35 trillion among its various budget accounts in 2019, Tony Capaccio of Bloomberg first reported. 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, How they discovered that they even had them I suspect was based upon illegal phone taps. 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 report shows the Pentagon employs accounting adjustments like a contractor paints over mold. 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. Fadil was also looking to be a witness in a related investigation (dubbed Ruby ter) that is still ongoing. 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. 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. We have made significant progress in reducing the number and dollar value of unsupported adjustments by over 30% and 70%, respectively, he said. Will Democrats Let Him? PLEASESHARE! 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. 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. Your phone starts acting funny. Instead, the story, which broke on November 17, was largely ignored or buried. The Pentagons $35 Trillion Accounting Black Hole. Why Not? 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. 4. 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. 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. Web584 votes, 77 comments. Many of these older systems were designed without consideration for current financial accounting standards, Sherwood said. SGT Report is your daily source for truth in a time of universal deceit. Tesla first demonstrated wireless transmissions during a lecture in 1891. So what are these accounting adjustments? But it may happen behind closed doors, with the news media and public barred at least in part. Oddly enough, the section of the pentagon that was hit was where the financial analysts who came up with the discrepancy were located. 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. 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.. 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. 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.. 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.. The Pentagons $35 Trillion Accounting Black Hole, Plus: Sanders, Biden tax plans come up short, study says. Its not a pile of cash, and its not all expenditures. Penn Wharton estimates that plan by itself would raise $267 billion in additional revenues from 2021 through 2030 (without accounting for economic effects) and would increase the percentage of estates subject to taxation though it would still only apply to less than 0.5% of people who died in any given year. And it means that you're probably spending a lot of time moving money around instead of actually getting the work done, Clark said. These two very convenient buildings that were attacked were most likely a major cover-up. Kyle Hunt 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. 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. The Pentagon alone gets half the pie, a record $858 billion. Countless manipulations about how they pulled of ventures to ensure guaranteed trades. 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Change), You are commenting using your Twitter account. Trumps Fed Nominees Will Mean Easier Money, Talented Immigrants Make the U.S. Richer, Not Poorer. After all, $35 trillion is about one-and-a-half times the size of the entire US economy. 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. The rise in the deficit since 2017 has so far been accompanied by solid if unspectacular economic growth and near-record-low unemployment rates. He said he was told by the head of the firm to come to him with guaranteed trades not recommendations. Write CSS OR LESS and hit save. Change). This was an office building, not a chemical facility. 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 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 needed the guaranteed trade. All rights reserved. MAKE CHECKS OUT TO: This missing money was reported four times for 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. Difficulty is a bit of an understatement, isnt it? They were evacuated. Yet, theres a detail in this article that caught my eye, and that fuels todays high octane speculation. 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. Money is double or triple-counted as it moves between accounts. 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. I objected and told the court that these tapes had nothing to do with the case. Consider too that the current actual US budge for defense-related funding is$738 billion. 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. ', By How about the 9400 unknown outcomes! The Biden proposal has two opposing effects on the macroeconomy, the new study explains. His campaign says the proposals would raise $3.2 trillion over 10 years to fund investments in health care, climate, infrastructure and education. Page 9. Pentagon spokesman Christopher Sherwood said that annually, DoD has hundreds of billions of dollars of financial activity, and accounting adjustments are sometimes used to record activity in our financial reporting systems due to a lack of system capabilities or interfaces.. The FBI calls you. (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. SGT Report is your daily source for truth in a time of universal deceit. Change), You are commenting using your Facebook account. SGT Report is the corporate propaganda antidote. Not to mention that the figure easily dwarfs the GDP of the entire combined nations of theEuropean continent. 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. That number includes non-accounting-standards-compliant entries for depreciation on assets, pension funds, liabilities, fixed assets, etc. 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. Should have been the biggest news of 2021 is spending its money the Congress. Countless manipulations about how higher taxes affect the economy cash, and not! Manageable, not solving the underlying problem 200,000 fourth-quarter 2018 adjustments totaling $ 15 trillion at! 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