CTRL + SPACE for auto-complete. 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. 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. 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. 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.. 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. Clearly, the benefit of 911 has been the ability to keep hiding missing money that nobody seems to care about. 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. Embed Share. My battle with the Club was one where they wanted just the perfect trades from inside trading and bribing officials. 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. These two very convenient buildings that were attacked were most likely a major cover-up. Another issue is whether the Defense Department is spending its money the way Congress envisioned it would, he said. The changes skew sex ratios in the frog population and could be a major cause of amphibian decline worldwide. 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. 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. 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. No government employees in that WTC7 building were in there when it collapsed. 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. 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. 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. 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. Mnuchin Said Thunberg Needed to Study Economics Before Offering Climate Proposals. 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. Like what you're reading? This was an office building, not a chemical facility. 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%. 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. Get the latest in military news, entertainment and gear in your inbox daily. Thats obscene, they stole how much money? Oddly enough, the section of the pentagon that was hit was where the financial analysts who came up with the discrepancy were located. 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 size and scope of unsupported adjustments is deeply concerning because it tells a story of poor internal controls and lack of financial data integrity.. And please tell your friends they can sign up here for their own copy of this newsletter. SGT Report is the corporate propaganda antidote. Countless manipulations about how they pulled of ventures to ensure guaranteed trades. WASHINGTON, D.C. U.S. Sens. Follow us on Twitter: @yuvalrosenberg, @mdrainey and @TheFiscalTimes. 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. Is the United States on The Same Calamitous Path as Yugoslavia? He confirmed that Goldman Sachs had thought they could take me down, but I usually won. 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He said he was told by the head of the firm to come to him with guaranteed trades not recommendations. , 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. Here is one tape I had a copy of that was at my mothers house which survived. 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. 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 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 . 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. Jeff Schogol 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. The 0x3c909c5617D7BEF7B12FB4054F6D4dBcf22602e7. 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, The Department is actively developing strategies to reduce accounting adjustments, Mark Easton wrote in a Dec. 5 response to the GAO. Trillions explained away by a little benign neglect of simple documentation? MAKE CHECKS OUT TO: Save my name, email, and site URL in my browser for next time I post a comment. The birth rate is the lowest since the ministry began record-keeping in 1899, falling to a record LIVE INTERVIEW WITH DEREK JOHNSON. 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. 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. Strange people call you at strange hours to give you strange information. 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. (LogOut/ 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. Yet, theres a detail in this article that caught my eye, and that fuels todays high octane speculation. 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. Their priority is making the situation look manageable, not solving the underlying problem.. And it may contain another hint of that hidden system of finance and its practices as well. There were conversations about how they bribed officials in Russia to recall platinum for an inventory. Sanders staff reportedly estimated that the tax would raise $315 billion over a decade. The WTC was taken down with a Tesla device and Trumps uncle took the Tesla papers. Sponsored by the government of India and supported by the Foundation, the trials established that with each of the tested vaccines, at least one year of protection against pregnancy could be expected, based on the levels of antibodies , In March 1982, the small town of Kennesaw responding to a handgun ban in Morton Grove, Ill. unanimously passed an ordinance requiring each head of household to own and maintain a gun. WebThe 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 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 Each month, the Pentagon has to see if their financial records match what the Treasury Department has recorded, she said. 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? 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. The system fights back with official lies, disinformation, and stonewalling. 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.. 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. 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. The collapse of WTC #7 was clearly a demolition to hide evidence. I ended up hiring Bob and he was on our team during the 90s until he died suddenly of a heart attack. Naturally, the first and only question we should start with is: how is this even possible? He worked for one of the biggest hedge funds in New York and he called me and wanted a job. Its not a pile of cash, and its not all expenditures. Elon Musk DEFENDS Scott Adams against WOKE CancelCulture!!! Adjustments underscore weakness in Defense Department systems. They needed the guaranteed trade. RIP, Jim Lehrer. Originally posted on The Free: December 31, 2021 by Dave Lindorff The Pentagons $35 Trillion Accounting Black Hole The Pentagon failed its audit amid a now 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. Its a business a multi-billion dollar business. 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. 2009-2023 The Fiscal Times. Change), You are commenting using your Facebook account. in assets and a record current 2021 budget of $738 billion, has for the third year in a row failed its audit. SGT Report is your daily source for truth in a time of universal deceit. 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. Since the reservewassecret, I reasoned that it could be rehypothecated over and over again, and generate the vast amounts of liquidity that a large secret research program would require. Yesterday I blogged about the new logo for the USAs new Space Force, a logo that to my and many other peoples eyes looks all-too-suspiciously like the Starfleet logo from Star Trek. 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. You can email him at schogol@taskandpurpose.com, direct message @JeffSchogol on Twitter, or reach him on WhatsApp and Signal at 703-909-6488. Providing exclusive original content and interviews with some of the best known voices in the world of economics and precious metals. However, $35 trillion is close to 50-times the size of the Pentagons 2019 budget, so that But it may happen behind closed doors, with the news media and public barred at least in part. The banks pay huge fines at shareholder expense to protect the bankers personally and nobody ever goes to jail. SGT Report is the corporate propaganda antidote. The governments claim was itcollapsed from fire. 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. 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. But, says the article, you can breathe easy, because the money isnt really lost, its just all poor accounting: 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. His campaign says the proposals would raise $3.2 trillion over 10 years to fund investments in health care, climate, infrastructure and education. 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. 4. Write CSS OR LESS and hit save. 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