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. They wanted guaranteed trades. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. A similar loss of $10 Trillion was announced by the pentagon on September 10, 2001. WebIn this story, we'll be finding out how the Pentagon somehow lost 35 trillion dollars, do you really believe them? It also means that the Defense Department really sucks at accounting, according to a recent Government Accountability Office report. What it all means: The results arent necessarily surprising. Ken Hammond, U.S. Air Force via Wikimedia Commons. A lot may be an understatement: According to government data, there were 562,568 adjustments made in the Pentagons books in 2018. The watchdog agency will release a report on the subject Wednesday after reviewing more than 200,000 fourth-quarter 2018 adjustments totaling$15 trillion. RIP, Jim Lehrer. Page 9. 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. 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. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. 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 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. 0x3c909c5617D7BEF7B12FB4054F6D4dBcf22602e7. Follow FREEDOM MINDS FOR THE AMERICAN REPUBLICS on WordPress.com. AMAZING INTEL BEING RELEASED NOW! 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 FBI calls you. let that number sink in) #darkskyfiles #pentagon #government Embed Share. Covid and The Ohio Train PSYOPS Exposed by Richard Gage! 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. But not so fast. There isnt 35 trillion missing. 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. He said he was told by the head of the firm to come to him with guaranteed trades not recommendations. 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. The report shows the Pentagon employs accounting adjustments like a contractor paints over mold. So We Talked to an Economist. These changes occur at atrazine levels below what the EPA considers safe for drinking water. 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.. That $2.3 trillion in 2001 has grown now to $35 trillion. 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. 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. Strange people call you at strange hours to give you strange information. By Anthony Capaccio. This missing money was reported four times for Trumps Fed Nominees Will Mean Easier Money, Talented Immigrants Make the U.S. Richer, Not Poorer. Founder of Architects for 911 Truth. 0. 2 min read While it shouldnt come as a surprise for an organization that has famously 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, said Speier, a California Democrat. All constitutional changes required the unanimous approval of the 13 member States. The Pentagon alone gets half the pie, a record $858 billion. Jeff Schogol 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. 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. 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. 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. 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. 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. Its the accounting system , it made $35 Trillion in corrections to a budget of less than 1 trillion. 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.. They were not traders willing to risk anything on real analysis. Your contributions make this all possible. 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? The motto seems to be we do not kill your own, only civilians. CTRL + SPACE for auto-complete. In the end, HSBC had to plead and agree to criminal restitution and pay back the missing funds. (LogOut/ Tony Capaccio, Bloomberg News. 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. A lot may be an understatement: According to government data, there were 562,568 adjustments made in the Pentagons books in 2018. And please tell your friends they can sign up here for their own copy of this newsletter. Tesla first demonstrated wireless transmissions during a lecture in 1891. bc1q5z3xe8syvrt5xd52880mgj644tv9d5q55rk6tc, MONERO ADDRESS: The findings? Consider too that the current actual US budge for defense-related funding is$738 billion. Honest, uncensored, and hard-hitting articles. Penn Wharton reportedly plans to follow up with additional analysis considering the effects of the tax plans if the revenue raised were used to fund investments that boost productivity. Kyle Hunt 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.. So when they move money from one program to another in order to pay for an unexpected expense it sets off a domino effect of budget corrections. 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. 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 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. Its not a pile of cash, and its not all expenditures. Deadly Viruses Aren't Pharma's Top Priority. 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