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. The rise in the deficit since 2017 has so far been accompanied by solid if unspectacular economic growth and near-record-low unemployment rates. The governments claim was itcollapsed from fire. 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.. 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! 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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 report shows the Pentagon employs accounting adjustments like a contractor paints over mold. 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. 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. 4. (LogOut/ 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. 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. according to a recent Government Accountability Office 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. 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. 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%. Its the accounting system , it made $35 Trillion in corrections to a budget of less than 1 trillion. WebIn this story, we'll be finding out how the Pentagon somehow lost 35 trillion dollars, do you really believe them? 163K subscribers in the conspiracy_commons community. 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. The 1516 Greek-Latin New Testament of . According to the DoD, theresnothing to see here. Founder of Architects for 911 Truth. 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? On one hand, reducing federal deficits increases investment, leading to greater capital accumulation and, therefore, increasing GDP. Bidens plan would have little impact on GDP, Penn Wharton finds. Its not a pile of cash, and its not all expenditures. 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, With Clinton Brand Discredited, Its High Time to Reopen Investigation into Death of Vince Foster The Most RevolutionaryAct, Pentagon Fails Audit (yet Again!) 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 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. Design a site like this with WordPress.com, Hackers Can Turn Everyday Speakers Into Acoustic Cyberweapons, Police Officers/ Gang Stalkers and Mentally Illness, William Barr trying time renew criminal Watch List, Six Paths to the Nonsurgical Future of Brain-Machine Interfaces, Forbes Article: HLS keyword search of social media sites, Elon Musks neurotechnology company, Neuralink. And as we noted then, critics of the Penn Wharton model question some of its assumptions about how higher taxes affect the economy. The spending adjustments follow the Pentagons first failed audit in 2018 and another failed audit in 2018, according to Bloomberg. 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. One of the reasons why I think 9/11 was as much a financial crime and coverup as an excuse for wars for Israel. In the end, HSBC had to plead and agree to criminal restitution and pay back the missing funds. It sounds more appropriately news out ofThe OnionorBabylon Beegiven this is *Trillions* and not just billionsthough that itself would have been remarkable enough. Naturally, the first and only question we should start with is:how is this even possible? Anne learned to fly, and she and Charles made spectacular intercontinental flights together. After all, $35 trillion is aboutone-and-a-half times the size of the entire US economy. 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.. Like what you're reading? Yet, theres a detail in this article that caught my eye, and that fuels todays high octane speculation. Get the latest in military news, entertainment and gear in your inbox daily. 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.. The WTC was taken down with a Tesla device and Trumps uncle took the Tesla papers. 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 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.. Oddly enough, the section of the pentagon that was hit was where the financial analysts who came up with the discrepancy were located. 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. If DoD is moving money around to this degree, that means it's unlikely that Congress' intention is being followed to the letter, Clark said. 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. 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! The changes skew sex ratios in the frog population and could be a major cause of amphibian decline worldwide. A lot may be an understatement: According to government data, there were 562,568 adjustments made in the Pentagons books in 2018. 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 Their priority is making the situation look manageable, not solving the underlying problem.. The Pentagon failed its audit amid a now $35 trillion scandal (yes, trillion) Lee Camp. The Pentagon fail to provide physical evidence of alleged large computer system orders and other use of funds like. 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. 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. The watchdog agency will release a report on the subject Wednesday after reviewing more than 200,000 fourth-quarter 2018 adjustments totaling$15 trillion. Of course, the courts are anything but real. (LogOut/ Articles may contain affiliate links which enable us to share in the revenue of any purchases made. To be sure, the Pentagon couldnt be happier that this bombshell has taken a back burner in global headlines: 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. Spokeswoman for the Pentagons inspector general,Dwrena Allen, downplayed what to most Americans will sound like the makings of an explosive scandal. SGT Report is your daily source for truth in a time of universal deceit. MAKE CHECKS OUT TO: 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. So We Talked to an Economist. LIVE INTERVIEW WITH DEREK JOHNSON. There was no source of fuel and the photos of the collapse fail to show a raging fire. The Pentagons $35 Trillion Accounting Black Hole. 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. Jeff Schogol is the senior Pentagon reporter for Task & Purpose. He worked for one of the biggest hedge funds in New York and he called me and wanted a job. WebIts $1.7 trillion. 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.. 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.. Sanders staff reportedly estimated that the tax would raise $315 billion over a decade. Trillions explained away by a little benign neglect of simple documentation? Christian, Patriot, Entrepreneur. 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. Like what you're reading? They were evacuated. Jeff Schogol Providing exclusive original content and interviews with some of the best known voices in the world of economics and precious metals. The banks pay huge fines at shareholder expense to protect the bankers personally and nobody ever goes to jail. The combined errors, shorthand, and sloppy record-keeping by DoD accountants do addup toa number nearly 1.5 times the size of the U.S. economy, said Speier, a California Democrat. The Lone Eagle, as he was called, then helped develop aviation and married Anne Morrow, daughter of diplomat Dwight Morrow. But it may happen behind closed doors, with the news media and public barred at least in part. 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. 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. 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. That $2.3 trillion in 2001 has grown now to $35 trillion. 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. 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. 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. In a time of universal deceit fuel and the photos of the best known voices in the end, had... All expenditures major cause of amphibian decline worldwide after all, $ 35 trillion dollars $35 trillion missing from pentagon you... 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