Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. There were conversations as part of your standard recorded lines when trading so there are no questions about giving orders. 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. (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. And it may contain another hint of that hidden system of finance and its practices as well. The birth rate is the lowest since the ministry began record-keeping in 1899, falling to a record Difficulty is a bit of an understatement, isnt it? 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. Honest, uncensored, and hard-hitting articles. CEO of Blackrock Warns A Spike In Inflation May Come As A Pretty Big Shock Its Not Transitory, Discover the untold story about the War in Ukraine in this eye-opening documentary, The US wants to Impose a New Economic Paradigm on the World. Whats most important to an auditor is whether the adjustments are properly supported because properly supported adjustments ensure financial statement values are accurate. 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. Tony Capaccio of Bloomberg first reported. The spending adjustments follow the Pentagons first failed audit in 2018 and another failed audit in 2018, according to Bloomberg. They were no interested in real trading. This article originally appeared on Zero Hedge. Will Democrats Let Him? The watchdog agency will release a report on the subject Wednesday after reviewing more than 200,000 fourth-quarter 2018 adjustments totaling$15 trillion. The authors of the study are associated with The Birchall Centre, Lennard-Jones Laboratories, Keele University, Staffordshire, UK; Life Sciences, Keele University; and the Department of Clinical Neuropathology, Kings College Hospital, London, UK. 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. 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 Like what you're reading? The Pentagon Announces $35 Trillion Accounting Black Hole for 2019 Missing Funds HISTORY HEIST Skip to content Search Search for:Search Home News Alternative Political News Articles Videos Financial Articles Videos Health Articles Videos Prep / Survival Articles Videos Christian News Articles History Timelines Timeline Newest 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. 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. 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! Your car is broken into and the thief takes your computer and your reporters notebook and leaves everything else behind. Thanks for being a reader of this site. 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. According to the DoD, theresnothing to see here. The Pentagon Announces $35 Trillion Accounting Black Hole for 2019 Missing Funds. 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? Required fields are marked *. I objected and told the court that these tapes had nothing to do with the case. 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. That number includes non-accounting-standards-compliant entries for depreciation on assets, pension funds, liabilities, fixed assets, etc. 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. 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. My battle with the Club was one where they wanted just the perfect trades from inside trading and bribing officials. The collapse of WTC #7 was clearly a demolition to hide evidence. The bankers have always sought the perfect trade. 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.. 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. Follow us on Twitter: @yuvalrosenberg, @mdrainey and @TheFiscalTimes. So We Talked to an Economist. Forbes: The U.S. Air Force Just Admitted The F-35 Stealth Fighter Has Failed Salon: Even by Pentagon terms, this was a dud: The disastrous saga of the F-35 Esquire: This Country Is Spending $1.7 Trillion on Planes That Dont Work For that money, we could have cancelled American student loan debt. SGT Report is the corporate propaganda antidote. Adjustments underscore weakness in Defense Department systems. They wanted guaranteed trades. 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. What people do not realize is thatBECAUSEof 911 hitting the very room where all the documents were concerning the Pentagon budget, the audit never took place. That does not mean that the Defense Department spent, lost, or could not account for $35 trillion, said Bryan Clark, a senior fellow with the Center for Strategic and Budgetary Assessments think tank in Washington, D.C. 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 That $2.3 trillion in 2001 has grown now to $35 trillion. Most of the tax increases under the Biden plan would fall on the top 0.1% of income earners, raising their annual taxes by more than $1 million each and lowering their after-tax income by 14%. 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. 0x3c909c5617D7BEF7B12FB4054F6D4dBcf22602e7. Or are you an unpatriotic commie pig who doesnt appreciate their struggle?! The Pentagon, with some $3 trillion (give or take a trillion but whos counting?) 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? WebIn this story, we'll be finding out how the Pentagon somehow lost 35 trillion dollars, do you really believe them? 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. There was also no source of fuel to burn that hot. All rights reserved. Because we don't. We project that these two effects are largely offsetting over time.. Here is one tape I had a copy of that was at my mothers house which survived. His campaign says the proposals would raise $3.2 trillion over 10 years to fund investments in health care, climate, infrastructure and education. 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. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. On the other hand, the increase in marginal tax rates discourage labor and savings. Get the latest in military news, entertainment and gear in your inbox daily. 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. Ken Hammond, U.S. Air Force via Wikimedia Commons. 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. So what are these accounting adjustments? 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. bc1q5z3xe8syvrt5xd52880mgj644tv9d5q55rk6tc, MONERO ADDRESS: Thats what should have Christian, Patriot, Entrepreneur. 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. | 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. 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. I had given the tapes to my lawyers to protect. All constitutional changes required the unanimous approval of the 13 member States. You can send support to: Kyle Hunt, PO Box 1052, Sorrento FL 32776. 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? Their priority is making the situation look manageable, not solving the underlying problem, she said. 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. 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. 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. Not to mention that the figure easily dwarfs the GDP of the entire combined nations of theEuropean continent. Page 9. 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. 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.. Naturally, the first and only question we should start with is:how is this even possible? 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. 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. What we were finding is the Department of Defense has such lack of confidence or unreliability in their own records that they on a routine basis . According to the DoD, theresnothing to see here. Send your tips and feedback to yrosenberg@thefiscaltimes.com. 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. 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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. Bitcoin address: 1AfppjYZddJzc2C15PXKMsnyBPjPJQezwA. $35 TRILLION still MISSING The Most Revolutionary Act, US Legislators Propose Ban on Central Bank Digital Currency The Most RevolutionaryAct, Mainstream Media and Woke Companies Continue to Plunge With Financial Losses CleverJourneys, The Biden Administration is Just Insane & Should Be Removed At Once ArmstrongEconomics, How Crooked Maricopa Election Officials Controlled the 2022 Narrative CleverJourneys, While Michigan Nurses Get 16%+ Raise, Illinois Nurses Sue Hospitals for Wage Theft CleverJourneys, Woody Harrelson Sneaks Covid Vaccine Mandate Joke Onto Saturday Night Live The Most RevolutionaryAct, What Were You Thinking? Elon Musk DEFENDS Scott Adams against WOKE CancelCulture!!! Bloombergs Justin Fox crunched the data and came to a simple conclusion: Its both. It sounds more appropriately news out ofThe OnionorBabylon Beegiven this is *Trillions* and not just billionsthough that itself would have been remarkable enough. 0. 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. So what are these accounting adjustments? Remember to thank those in the military for their service. CTRL + SPACE for auto-complete. Registration on or use of this site constitutes acceptance of our Terms of Service. Trumps Fed Nominees Will Mean Easier Money, Talented Immigrants Make the U.S. Richer, Not Poorer. Since then, despite dire predictions of Wild West showdowns and increased violence and accidents, not a single resident has been involved in a fatal shooting as a victim, attacker or defender. Learn how your comment data is processed. They needed the guaranteed trade. 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. 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. Biden may face some challenges, too. 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. Write CSS OR LESS and hit save. Thats obscene, they stole how much money? 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. That $2.3 trillion in 2001 has grown now to $35 trillion. After all, $35 trillion is aboutone-and-a-half times the size of the entire US economy. The Pentagons $35 Trillion Accounting Black Hole. 22% unknown outcomes! 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. You can email him at schogol@taskandpurpose.com, direct message @JeffSchogol on Twitter, or reach him on WhatsApp and Signal at 703-909-6488. He confirmed that Goldman Sachs had thought they could take me down, but I usually won. 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. 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 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. The Lone Eagle, as he was called, then helped develop aviation and married Anne Morrow, daughter of diplomat Dwight Morrow. There isnt 35 trillion missing. 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. 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. (LogOut/ Its the accounting system , it made $35 Trillion in corrections to a budget of less than 1 trillion. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Built ThePatriotConnection,com (Patri-X.com) to unite patriots, empower content creators, educate others, and to crowdsource a true accounting of history. 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. 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,she said. WebThe Real Reason The Pentagon Is Missing 35 TRILLION Dollars. How they discovered that they even had them I suspect was based upon illegal phone taps. Spokeswoman for the Pentagons inspector general,Dwrena Allen, downplayed what to most Americans will sound like the makings of an explosive scandal. If you vote or know anyone that does remind them please . Providing exclusive original content and interviews with some of the best known voices in the world of economics and precious metals. Your generosity is very much appreciated and needed. The Biden plan: Biden calls for higher taxes on the wealthy and corporations, along with other reforms. 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. Money is double or triple-counted as it moves between accounts. 2 min read While it shouldnt come as a surprise for an organization that has famously Worse still, it seems to have endorsed a continual problem of missing money from the Pentagon. Aviation and married Anne Morrow, daughter of diplomat Dwight Morrow made 35... 15 trillion over time know anyone that does remind them please conversations as part of best... 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