Sign up for our free newsletter. 2009-2023 The Fiscal Times. Cold War is good for business: US contractors rejoice at the new Red Scare. Speaking to Lawrence Sinclair of Sinclair News, Breitbart stated, Wait til they see what , Between March 1-17of2010,IRS agents identified the first 10 Tea Party case applications though not all had tea party in their name, according to a draft of The Treasury Inspector General for Tax Administration (TIGTA) appendix. 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.. The enormity of the accounting adjustment defies any rational explanation. Missing Money 2021 Update The Missing Money (solari.com) Difficulty is a bit of an understatement, isnt it? 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. A lot may be an understatement: According to government data, there were 562,568 adjustments made in the Pentagons books in 2018. In 1930, the first of their six children, Charles, Jr., was born, dubbed the Eaglet by the press. 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. They wanted guaranteed trades. How about the 9400 unknown outcomes! But it may happen behind closed doors, with the news media and public barred at least in part. 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. 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. 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. 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. This revolution is a lot more than just a change in attitude. 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 CTRL + SPACE for auto-complete. The problem was the fire would have to have been 800 degrees celsius to do that and the building would not have collapsed straight down. 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. Built ThePatriotConnection,com (Patri-X.com) to unite patriots, empower content creators, educate others, and to crowdsource a true accounting of history. WASHINGTON, D.C. U.S. Sens. The Pentagon moved a total of $35 trillion among its various budget accounts in 2019, Tony Capaccio of Bloomberg first reported. 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. The Biden proposal has two opposing effects on the macroeconomy, the new study explains. Earlier: The Pentagon Spent Nearly $1 Billion on Audit and Failed. The 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. 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? 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. 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. That all said, I had decades of phone recordings with conversations with all the main banks in NYC. So what are these accounting adjustments? Its the accounting system , it made $35 Trillion in corrections to a budget of less than 1 trillion. LIVE INTERVIEW WITH DEREK JOHNSON. Mark R. Warner and Tim Kaine (both D-VA) today voted for the passage of the $1.5 trillion government spending bill. And please tell your friends they can sign up here for their own copy of this newsletter. 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. Congress Has Welcome News for Americans Saving for Retirement, Trump's Selective Urgency at the Supreme Court. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. There was also no source of fuel to burn that hot. There were conversations as part of your standard recorded lines when trading so there are no questions about giving orders. 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. Tony Capaccio, Bloomberg News. 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 Tesla first demonstrated wireless transmissions during a lecture in 1891. 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. 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. 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. It also means that the Defense Department really sucks at accounting, according to a recent Government Accountability Office report. All of it. Extreme Tech: The US Air Force Quietly But the other is to do it deliberately. 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. 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. (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. WebThe pentagon budget is nowhere near 2.3T. 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.. 0. 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. NO data about the Use in Pregnancy and lactation, in Paediatric Individuals <12 Years of Age and .VACCINE EFFECTIVENESS! (LogOut/ All rights reserved. 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. pretty much delete everything that had been recorded on their side and just re-record all the balances that Treasury has, Kociolek said. We project that these two effects are largely offsetting over time.. Anne learned to fly, and she and Charles made spectacular intercontinental flights together. Fadil was also looking to be a witness in a related investigation (dubbed Ruby ter) that is still ongoing. But not so fast. 46quFRHBJMA83q4GcE49DFCTMdyBj1L6s7MBL8kGhu9Cbz4YrCW4ik83vqtmqCVxHv22n4AEdMDx36di7YiENQAUGYaoYdo, ETHEREUM ADDRESS: (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. 1 Length: 23MIN ($35 Trillion! Trillions explained away by a little benign neglect of simple documentation? Trump Just Got a Chance to Dodge His Health Care Record in 2020. 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. According to the DoD, theresnothing to see here. Biden may face some challenges, too. 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. Not to mention that the figure easily dwarfs the GDP of the entire combined nations of theEuropean continent. 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. 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, the report added. At first, I was skeptical worried that he was perhaps sent in by the club as they had done before with the nephew of uncle Ed Rothschild. The Pentagons $35 Trillion Accounting Black Hole. 163K subscribers in the conspiracy_commons community. I objected and told the court that these tapes had nothing to do with the case. 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. 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. On the other hand, the increase in marginal tax rates discourage labor and savings. Instead, the story, which broke on November 17, was largely ignored or buried. All constitutional changes required the unanimous approval of the 13 member States. 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. in assets and a record current 2021 budget of $738 billion, has for the third year in a row failed its audit. The watchdog agency will release a report on the subject Wednesday after reviewing more than 200,000 fourth-quarter 2018 adjustments totaling $15 trillion. Thats what should have been the biggest news of 2021. Will Democrats Let Him? Oddly enough, the section of the pentagon that was hit was where the financial analysts who came up with the discrepancy were located. 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. Their priority is making the situation look manageable, not solving the underlying problem.. SGT Report is your daily source for truth in a time of universal deceit. 'It would be like moving money from checking, to savings, to your 401K, to your credit card, and then back. Now, theres two ways to count money two, or three, or several times: one is to do so inadvertently and by mistake, which is what were being asked to believe here. 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. 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. Projecting out to 2050, Penn Wharton says the Sanders wealth tax would reduce GDP by 1.1% and average hourly wages would fall by 1% due to the reduction in private capital formation.. Thats what should have This missing money was reported four times for Just days before the St. Louis presentation, Tesla addressed the Franklin Institute in Philadelphia, on February 23, 1893, describing in detail the principles of early radio communication. Clearly, the benefit of 911 has been the ability to keep hiding missing money that nobody seems to care about. 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 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. These changes occur at atrazine levels below what the EPA considers safe for drinking water. 0x3c909c5617D7BEF7B12FB4054F6D4dBcf22602e7. 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. Money is double or triple-counted as it moves between accounts. let that number sink in) #darkskyfiles #pentagon #government 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.. The Penn Wharton analysis projects that his plan would raise $600 million to $900 million less that that, or between$2.3 trillion (after economic feedback effects are factored in) and $2.6 trillion (without those macroeconomic effects). 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. 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