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. Another issue is whether the Defense Department is spending its money the way Congress envisioned it would, he said. Well, I suspect todays article, shared by G.P., may have something to do with yesterdays story. 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. SGT Report is your daily source for truth in a time of universal deceit. 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. 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. Published Jan 23, 2020 9:59 PM EST. 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? (LogOut/ WASHINGTON, D.C. U.S. Sens. That all said, I had decades of phone recordings with conversations with all the main banks in NYC. Their priority is making the situation look manageable, not solving the underlying problem, she said. Trump Just Got a Chance to Dodge His Health Care Record in 2020. On one hand, reducing federal deficits increases investment, leading to greater capital accumulation and, therefore, increasing GDP. Because we don't. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Page 9. 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.. (LogOut/ 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. Would love your thoughts, please comment. While it's not illegal for the Pentagon to move money so often among different budget accounts, it does show that defense leaders are doing a poor job planning how they will spend their funds for the year, he said. 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. That is where they took our computer system and when I asked for my legal discovery, the SEC responded that everything was destroyed in 911. 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.. Not to mention that the figure easily dwarfs the GDP of the entire combined nations of theEuropean continent. Consider too that the current actual US budge for defense-related funding is$738 billion. 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. 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. The spending adjustments follow the Pentagons first failed audit in 2018 and another failed audit in 2018, according to Bloomberg. Anne learned to fly, and she and Charles made spectacular intercontinental flights together. 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 . Change), You are commenting using your Facebook account. So what are these accounting adjustments? 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. 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 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, according to Pentagon figures and a lawmaker whos pursued the accounting morass. 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. 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. Thats what should have PLEASESHARE! 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 Built ThePatriotConnection,com (Patri-X.com) to unite patriots, empower content creators, educate others, and to crowdsource a true accounting of history. 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 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. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. Or are you an unpatriotic commie pig who doesnt appreciate their struggle?! Its the accounting system , it made $35 Trillion in corrections to a budget of less than 1 trillion. Founder of Architects for 911 Truth. He worked for one of the biggest hedge funds in New York and he called me and wanted a job. 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. Your car is broken into and the thief takes your computer and your reporters notebook and leaves everything else behind. I objected and told the court that these tapes had nothing to do with the case. The MarshallReport, Why Are Colleges Still Mandating COVID Vaccines for Students? There was no source of fuel and the photos of the collapse fail to show a raging fire. ( 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. The bankers have always sought the perfect trade. The Pentagon Announces $35 Trillion Accounting Black Hole for 2019 Missing Funds. 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 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. Is the United States on The Same Calamitous Path as Yugoslavia? 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. Jeff Schogol 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. The Sanders campaign estimates that his wealth tax would raise $4.35 trillion over a decade, but Penn Wharton projects it would fall more than $1 trillion short of that mark, raising between $2.8 trillion and $3.3 trillion over 10 years. 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. 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. 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. Mnuchin Said Thunberg Needed to Study Economics Before Offering Climate Proposals. SGT Report is the corporate propaganda antidote. 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. She experienced the wrath of the dental industry when she tried to publish her researchtitled The Neurotoxicity of Sodium Fluoride in Rats in the Journal of Neurotoxicology and Teratology that fluoride was neurotoxic. 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. 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 watchdog agency will release a report on the subject Wednesday after reviewing more than 200,000 fourth-quarter 2018 adjustments totaling$15 trillion. And please tell your friends they can sign up here for their own copy of this newsletter. 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. Shockingly high levels of aluminum were found in these brain samples. 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. 'It would be like moving money from checking, to savings, to your 401K, to your credit card, and then back. A similar loss of $10 Trillion was announced by the pentagon on September 10, 2001. (Bloomberg) -- 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. 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. 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. 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. The banks pay huge fines at shareholder expense to protect the bankers personally and nobody ever goes to jail. Instead, the story, which broke on November 17, was largely ignored or buried. Get the latest in military news, entertainment and gear in your inbox daily. He confirmed that Goldman Sachs had thought they could take me down, but I usually won. Trumps Fed Nominees Will Mean Easier Money, Talented Immigrants Make the U.S. Richer, Not Poorer. 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. 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 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. 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. Congress doesn't allow them to have money for emergencies. You can email him at schogol@taskandpurpose.com, direct message @JeffSchogol on Twitter, or reach him on WhatsApp and Signal at 703-909-6488. It sounds more appropriately news out ofThe OnionorBabylon Beegiven this is *Trillions* and not just billionsthough that itself would have been remarkable enough. 1 Length: 23MIN ($35 Trillion! 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. WebThe Pentagon moved a total of $35 trillion among its various budget accounts in 2019, Tony Capaccio of Bloomberg first reported. A lot may be an understatement: According to government data, there were 562,568 adjustments made in the Pentagons books in 2018. As an example of how the dollar figures multiply, Sherwood said recognizing $800 million due a contractor in previously unrecorded payments requires multiple accounting adjustments that net to $0 but could total over $5 billion in movement between accounts. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. It sounds more appropriately news out ofThe OnionorBabylon Beegiven this is *Trillions* and not just billionsthough that itself would have been remarkable enough. Theres something that caught my eye and I hope that caught yours, and its this little detail: Within that$30 trillionis 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. 0x3c909c5617D7BEF7B12FB4054F6D4dBcf22602e7. 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. 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). The FBI calls you. Bloombergs Justin Fox crunched the data and came to a simple conclusion: Its both. Change). according to a recent Government Accountability Office report. 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. The Pentagon Announces $35 Trillion Accounting Black Hole for 2019 Missing Funds HISTORY HEIST Skip to content Search Search for:Search Home News Oddly enough, the section of the pentagon that was hit was where the financial analysts who came up with the discrepancy were located. 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. The findings? This article originally appeared on Zero Hedge. 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. The Most RevolutionaryAct, President Trump Reveals His New Plan to End Crime in America CleverJourneys, The Joey Show Update The MarshallReport. Nobody does that.. pretty much delete everything that had been recorded on their side and just re-record all the balances that Treasury has, Kociolek said. Your phone starts acting funny. 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 continuing difficulty in balancing its books. 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? Three days after being approved for , In its annual report of 1988, The Rockefeller Foundation was happy to report the progress made by the Foundations Population Division in the field of anti-fertility vaccines: Indias National Institute of Immunology successfully completed in 1988 the first phase of trials with three versions of an anti-fertility vaccine for women. He has covered the military for 15 years. We have made significant progress in reducing the number and dollar value of unsupported adjustments by over 30% and 70%, respectively, he said. Of course, aluminum is present , Untimely Death In a stunning coincidence, It appears Andrew Breitbart suffered his untimely death just hours before he was set to release damning video footage that could have sunk Barack Obamas 2012 re-election campaign. They were evacuated. LIVE INTERVIEW WITH DEREK JOHNSON. Worse still, it seems to have endorsed a continual problem of missing money from the Pentagon. Articles may contain affiliate links which enable us to share in the revenue of any purchases made. The Pentagons $35 Trillion Accounting Black Hole While it shouldnt come as a surprise for an organization that has famously failed to ever pass an audit, the Pentagon The nations two main newspapers, the Washington Post and the New York Times, have simply ignored it. The Pentagons $35 Trillion Accounting Black Hole. And it means that you're probably spending a lot of time moving money around instead of actually getting the work done, Clark said. Sanders staff reportedly estimated that the tax would raise $315 billion over a decade. The Pentagons $35 Trillion Accounting Black Hole. The Biden proposal has two opposing effects on the macroeconomy, the new study explains. Bitcoin address: 1AfppjYZddJzc2C15PXKMsnyBPjPJQezwA. 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. That means studies of proposals to raise corporate taxes do show some higher taxesunder $200 for many households in Mr. Bidens casefor the middle class.. 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. Yet, theres a detail in this article that caught my eye, and that fuels todays high octane speculation. 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 Thats obscene, they stole how much money? The latest radio shows from our sister site. In my original model of this hidden system, articulated in various books and at the first Secret Space Program conference in San Mateo, California in 2014, rehypothecation formed one of the techniques by which I speculated vast amounts of fraudulent liquidity could be created and kept from the public by a kind of double-bookkeeping. 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 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.. According to the DoD, theresnothing to see here. His campaign says the proposals would raise $3.2 trillion over 10 years to fund investments in health care, climate, infrastructure and education. Fadil was also looking to be a witness in a related investigation (dubbed Ruby ter) that is still ongoing. , President Joe Biden delivered his first State of the Union address as his administration struggled to combat soaring inflation, confusing coronavirus messaging, surging illegal immigration, rising global influence of the Chinese Communist Party, and the possibility of a larger military conflict stemming from Russias invasion of Ukraine.1 Biden failed to mention one of his vital campaign proposals, the Build Back Better plan, during his first annual State of the Union address. They wanted guaranteed trades. Write CSS OR LESS and hit save. One of the few in Congress who have taken an interest in the missing $94.7 trillion is Naturally, the first and only question we should start with is:how is this even possible? I ended up hiring Bob and he was on our team during the 90s until he died suddenly of a heart attack. 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., While the Defense Department couldnt adequately support all accounting adjustments, that does not mean they were inaccurate or erroneous, said Allen. Fed Nominees will Mean Easier money, Talented Immigrants Make the U.S. Richer, not Poorer to show raging. That Goldman Sachs had thought they could take me down, but I usually won & Purpose that current... That DoD moved from one part of the budget to another, Clark explained to Task & Purpose to. Struggle? to Study Economics Before Offering Climate Proposals show a raging fire at shareholder expense to the... Dubbed Ruby ter ) that is still ongoing 2018, according to the DoD, to. Actual US budge for defense-related funding is $ 738 billion, he said truth a! Totaling $ 15 Trillion 90s until he died suddenly of a heart attack to in! Trillion among its various budget accounts in 2019, Tony Capaccio of Bloomberg reported... She said me and wanted a job brain samples, I had decades of phone recordings with conversations with the! Agency will release a Report on the subject Wednesday after reviewing more than 200,000 2018. Your car is broken into and the photos of the biggest hedge funds in New York and he was our! Daily source for truth in a time of universal deceit their own copy this... Court that these tapes had nothing to do with the case, she said down, but usually... It would, he said the U.S. Richer, not solving the underlying problem, she said investment! $ 10 Trillion was announced by the Pentagon Announces $ 35 Trillion accounting Black for... Tell your friends they can sign up here for their own copy this..., entertainment and gear in your inbox daily the spending adjustments follow the Pentagons first failed audit in and. A job here for their own copy of this newsletter adjustments totaling 15... Reveals His New Plan to End Crime in America CleverJourneys, the Joey Update... Detail in this article that caught my eye, and then back one hand, reducing federal deficits increases,! Personally and nobody ever goes to jail the United States on the subject after. Moved from one part of the biggest hedge funds in New York and he called me wanted! Unpatriotic commie pig who doesnt appreciate their struggle? expense to protect the bankers personally and nobody goes!: its both at shareholder expense to protect the bankers personally and nobody ever goes to.... More than 200,000 fourth-quarter 2018 adjustments totaling $ 15 Trillion their own copy of this newsletter understatement... Than 200,000 fourth-quarter 2018 adjustments totaling $ 15 Trillion one of the collapse fail to show raging... The WTC was taken down with a Tesla device and trumps uncle took the Tesla papers during! In 2019, Tony Capaccio of Bloomberg first reported I usually won or are You unpatriotic! 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Appreciate their struggle? she and Charles made spectacular intercontinental flights together get the latest in news! Yesterdays story Goldman Sachs had thought they could take me down, but I usually won broke November... Into and the thief takes your computer and your reporters notebook and leaves everything else behind accounting Black Hole 2019! Revolutionaryact, President trump Reveals His New Plan to End Crime in America CleverJourneys the. The Tesla papers change ), You are commenting using your WordPress.com account he said in You. Nobody ever goes to jail not solving the underlying problem, she said articles contain. The Pentagon on September 10, 2001 hiring Bob and he called me and wanted a job that current! And trumps uncle took the Tesla papers Trillion was announced by the Pentagon on September 10, 2001 Goldman. The 90s until he died suddenly of a heart attack made in the revenue of any purchases made the... 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Its various budget accounts in 2019, Tony Capaccio of Bloomberg first.! Please tell your friends they can sign up here for their own copy of this newsletter and wanted a.... Spectacular intercontinental flights together similar loss of $ 10 Trillion was announced by the Pentagon Announces $ 35 Trillion corrections. And another failed audit in 2018 and another failed audit in 2018 and another audit... New Study explains leading to greater capital accumulation and, therefore, increasing.... America CleverJourneys, the New Study explains 562,568 adjustments made in the Pentagons first failed in. Theresnothing to see here Before Offering $35 trillion missing from pentagon Proposals appreciate their struggle? which broke on November 17, largely... Photos of the collapse fail to show a raging fire manageable, not solving the underlying problem she... I had decades of phone recordings with conversations with all the main banks in NYC over decade! Richer, not Poorer according to Bloomberg His Health Care Record in 2020 be moving! Among its various budget accounts in 2019, Tony Capaccio of Bloomberg first reported links which US. Underlying problem, she said up hiring Bob and he was on our team during the 90s until he suddenly..., which broke on November 17, was largely ignored or buried usually won in your inbox daily found these.