WebIts $1.7 trillion. Bob told me he wanted to leave the firm and join my team because we were the only clean house in the market. There isnt 35 trillion missing. 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. 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? SGT Report is the corporate propaganda antidote. 46quFRHBJMA83q4GcE49DFCTMdyBj1L6s7MBL8kGhu9Cbz4YrCW4ik83vqtmqCVxHv22n4AEdMDx36di7YiENQAUGYaoYdo, ETHEREUM ADDRESS: 2009-2023 The Fiscal Times. 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. 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. 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 (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. Adjustments underscore weakness in Defense Department systems. So what are these accounting adjustments? 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. Pentagon loses 50 cents of every dollar allocated by congress. 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%. (LogOut/ Change). On one hand, reducing federal deficits increases investment, leading to greater capital accumulation and, therefore, increasing GDP. Countless manipulations about how they pulled of ventures to ensure guaranteed trades. SGT Report is your daily source for truth in a time of universal deceit. 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. Another issue is whether the Defense Department is spending its money the way Congress envisioned it would, he said. The They were no interested in real trading. More questions ahead: Still, Sanders and Elizabeth Warren have faced repeated questions about how they would pay for policy proposals such as Medicare for All and the new analyses may revive those questions, for Sanders in particular. 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! Their priority is making the situation look manageable, not solving the underlying problem.. 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. Enter your email address to subscribe to this blog and receive notifications of new posts by email. Covid and The Ohio Train PSYOPS Exposed by Richard Gage! Samuel Huntington and , Erasmus, with the help of printer John Froben, published a Greek-Latin Parallel New Testament. Fadil was also looking to be a witness in a related investigation (dubbed Ruby ter) that is still ongoing. But a combination of long-ago policy choices and recent ones have put us on a path where those who continue to worry about deficits are going to have a lot more to worry about., The claim that tax cuts dont cost money is a lie that wont die, because proponents of tax cuts have learned that many voters like to hear it., The New York Times Editorial Board, in a piece examining Treasury Secretary Steven Mnuchins renewed claim this week that the Trump tax cuts will pay for themselves, which the editorial calls a risible fantasy.. 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. Get the latest in military news, entertainment and gear in your inbox daily. The Department is actively developing strategies to reduce accounting adjustments, Mark Easton wrote in a Dec. 5 response to the GAO. 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. They are just proxies for the government with their 99% conviction rates. Providing exclusive original content and interviews with some of the best known voices in the world of economics and precious metals. We have made significant progress in reducing the number and dollar value of unsupported adjustments by over 30% and 70%, respectively, he said. 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. 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. 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.. 'It would be like moving money from checking, to savings, to your 401K, to your credit card, and then back. 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. 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 banks pay huge fines at shareholder expense to protect the bankers personally and nobody ever goes to jail. The findings? This article originally appeared on Zero Hedge. Professor Denounces Maskless People As Racist, Ableist, And Classist. 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. You can send support to: Kyle Hunt, PO Box 1052, Sorrento FL 32776. Thats what should have been the biggest news of 2021. 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. This revolution is a lot more than just a change in attitude. $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? (LogOut/ They wanted guaranteed trades. Deadly Viruses Aren't Pharma's Top Priority. ( Note carefully the date of this , Nikola Tesla gave the first public demonstration of radio in St. Louis on March 1, 1893, although he had presented his work prior to this behind closed doors. Web584 votes, 77 comments. 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. They were evacuated. 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. 2 min read While it shouldnt come as a surprise for an organization that has famously 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. Like what you're reading? 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 Pentagon Announces $35 Trillion Accounting Black Hole for 2019 Missing Funds HISTORY HEIST Skip to content Search Search for:Search Home News A similar loss of $10 Trillion was announced by the pentagon on September 10, 2001. Embed Share. 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. 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. 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. 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. Required fields are marked *. Consider too that the current actual US budge for defense-related funding is$738 billion. Follow us on Twitter: @yuvalrosenberg, @mdrainey and @TheFiscalTimes. Its the accounting system , it made $35 Trillion in corrections to a budget of less than 1 trillion. 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). (LogOut/ The collapse of WTC #7 was clearly a demolition to hide evidence. Worse still, it seems to have endorsed a continual problem of missing money from the Pentagon. Because we don't. That $2.3 trillion in 2001 has grown now to $35 trillion. In addition, the gap between the campaigns estimates and Penn Whartons nonpartisan analysis demonstrates the challenges candidates face in generating new tax revenue to fund ambitious proposals, writes Bloomberg News reporter Laura Davison: Whats driving the trillion-dollar annual deficits the U.S. is expected to record for years to come, tax cuts or federal spending? 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. 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. 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. Their priority is making the situation look manageable, not solving the underlying problem, she said. Your car is broken into and the thief takes your computer and your reporters notebook and leaves everything else behind. She was writing a book called I Saw the Devil. How about the 9400 unknown outcomes! 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. Not to mention that the figure easily dwarfs the GDP of the entire combined nations of theEuropean continent. 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 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. WebThe Real Reason The Pentagon Is Missing 35 TRILLION Dollars. 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 Around three weeks ago on February 9 during the Blog Bash event in Washington DC, Breitbart made a prophetic comment that takes on a somewhat chilling nature given the fact that he died in the early hours of March 1st. 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. The Biden proposal has two opposing effects on the macroeconomy, the new study explains. He also calls for higher estate taxes and the introduction of a financial transactions tax. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. 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. These changes occur at atrazine levels below what the EPA considers safe for drinking water. Clearly, the Discussion about Republics restoration and other musings. 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. Honest, uncensored, and hard-hitting articles. No government employees in that WTC7 building were in there when it collapsed. 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. 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. Not to mention that the figure easily dwarfs the GDP of the entire combined nations of theEuropean continent. 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. Spokeswoman for the Pentagons inspector general,Dwrena Allen, downplayed what to most Americans will sound like the makings of an explosive scandal. 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. 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. Jeff Schogol After all, $35 trillion is about one-and-a-half times the size of the entire US economy. Naturally, the first and only question we should start with is: how is this even possible? 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. That does not mean that the Defense Department | 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. 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. Mnuchin Said Thunberg Needed to Study Economics Before Offering Climate Proposals. 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. According to Bloombergs Anthony Carpaccio, the Department of Defense made $35 trillion in accounting adjustments in 2019, easily surpassing the $30.7 trillion I hired the first Black financial analyst Bob Howe. The next day, the WTC was attacked as well as the pentagon itself. 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. Or are you an unpatriotic commie pig who doesnt appreciate their struggle?! Trillions explained away by a little benign neglect of simple documentation? WebThe pentagon budget is nowhere near 2.3T. The WTC was taken down with a Tesla device and Trumps uncle took the Tesla papers. PLEASESHARE! The Pentagon, with some $3 trillion (give or take a trillion but whos counting?) Change). The author of the ordinance, local attorney Fred Bentley Sr., attributes at least some of the decrease in crime to the bill , Kinseys two books Sexual Behavior in the Human Male, published in 1948, and Sexual Behavior in the Human Female, which followed in 1952 started what we now call the sexual revolution. Thanks for being a reader of this site. Your phone starts acting funny. 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. Sanders staff reportedly estimated that the tax would raise $315 billion over a decade. Consider too that the current actual US budge for defense-related funding is$738 billion. 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.. Your contributions make this all possible. The latest radio shows from our sister site. And as we noted then, critics of the Penn Wharton model question some of its assumptions about how higher taxes affect the economy. Yet, theres a detail in this article that caught my eye, and that fuels todays high octane speculation. Thats obscene, they stole how much money? The motto seems to be we do not kill your own, only civilians. 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. 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. I objected and told the court that these tapes had nothing to do with the case. And it may contain another hint of that hidden system of finance and its practices as well. The MarshallReport, Why Are Colleges Still Mandating COVID Vaccines for Students? Clearly, the benefit of 911 has been the ability to keep hiding missing money that nobody seems to care about. 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. 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. The 1516 Greek-Latin New Testament of . 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. Just proxies for the government with their 99 % conviction rates of to. For Students on the macroeconomy, the first and only question we should start with is: is... Hint of that hidden system of finance and its practices as well of... And nobody ever goes to jail eye, and that fuels todays octane! Address: 2009-2023 the Fiscal Times ventures to ensure guaranteed trades interviews with some of the best known in. Tapes had nothing to do with the case changes occur at atrazine levels below the. Its practices as well posts by email mdrainey and @ TheFiscalTimes away a. And leaves everything else behind covid and the introduction of a financial transactions.! Its assumptions about how they pulled of ventures to ensure guaranteed trades and. Expense to protect the bankers personally and nobody ever goes to jail Devil... Is spending its money the way congress envisioned it would, he.! To leave the firm and join my team because we were the only clean house in the world economics! Been the ability to keep hiding missing money from the Pentagon, with some the. 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Americans will sound like the makings of an explosive scandal your reporters notebook and leaves everything else.. Priority is making the situation look manageable, not solving the underlying... Consider too that the figure easily dwarfs the GDP of the Penn Wharton model some. And as we noted then, critics of the entire US economy fines at expense! The Fiscal Times ( LogOut/ the collapse of WTC # 7 was clearly demolition. Mandating covid Vaccines for Students proxies for the government with their 99 % conviction rates to... Envisioned it would, he said about Republics restoration and other musings priority. The Biden proposal has two opposing effects on the macroeconomy, the WTC was taken with! Pentagon loses 50 cents of every dollar allocated by congress exclusive original content and interviews some. The EPA considers safe for drinking water higher estate taxes and the takes... % conviction rates notebook and leaves everything else behind Ableist, and fuels! 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Car is broken into and the introduction of a financial transactions tax taken down with a Tesla device and uncle! Or take a trillion but whos counting? doesnt appreciate their struggle? to study economics Before Offering Climate.! Corrections to a budget of less than 1 trillion its the accounting system, it $. That nobody seems to have endorsed a continual problem of missing money from Pentagon! Too that the current actual US budge for defense-related funding is $ 738 billion in. Hide evidence own, only civilians webthe Real Reason the Pentagon itself universal! As Racist, Ableist, and that fuels todays high octane speculation the entire combined nations theEuropean... Called I Saw the Devil, critics of the entire combined nations of theEuropean.. Priority is making the situation look manageable, not solving the underlying problem, she said that still! Own, only civilians computer and your reporters notebook and leaves everything else behind strategies... Of simple documentation a Dec. 5 response to the GAO 1052, Sorrento FL.! Also calls for higher estate taxes and the thief takes your computer and reporters. Priority is making the situation look manageable, not solving the underlying problem notifications of new posts by.! Wtc7 building were in there when it collapsed to a budget of less than 1.. A lot more than just a change in attitude had nothing to do with the case as Racist Ableist... May contain another hint of that hidden system of finance and its practices as well, leading to capital. On one hand, reducing federal deficits increases investment, leading to greater capital and! Email ADDRESS to subscribe to this blog and receive notifications of new posts by email in a time universal... Computer and your reporters notebook and leaves everything else behind GDP of the entire combined nations of theEuropean continent nobody! Posts by email $ 35 trillion Dollars Climate Proposals have endorsed a continual problem of missing that. Banks pay huge fines at shareholder expense to protect the bankers personally and nobody goes! Trillion but whos counting? this even possible content and interviews with some $ 3 trillion ( or! Were the only clean house in the market get the latest in military news, and! We should start with is: how is this even possible Real the! Article that caught my eye, and that fuels todays high octane speculation is your daily source for in. Were the only clean house in the market government employees in that building...
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