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. 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. This revolution is a lot more than just a change in attitude. Covid and The Ohio Train PSYOPS Exposed by Richard Gage! 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. 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. Of course, the courts are anything but real. Will Democrats Let Him? Bitcoin address: 1AfppjYZddJzc2C15PXKMsnyBPjPJQezwA. The motto seems to be we do not kill your own, only civilians. 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. SGT Report is the corporate propaganda antidote. PO Box 1052 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. 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.. He said he was told by the head of the firm to come to him with guaranteed trades not recommendations. 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. 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. Difficulty is a bit of an understatement, isnt it? 4. Contact the author here. 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? Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. She was writing a book called I Saw the Devil. 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. I objected and told the court that these tapes had nothing to do with the case. A similar loss of $10 Trillion was announced by the pentagon on September 10, 2001. 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.. 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 $35 trillion scandal (yes, trillion) Lee Camp Thats what should have been the biggest news of 2021. Change). (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. ( 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. 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 MarshallReport, Why Are Colleges Still Mandating COVID Vaccines for Students? 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. (LogOut/ Your contributions make this all possible. Sorrento, FL 32776, GAB PAY: 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. The findings? Nobody does that.. He worked for one of the biggest hedge funds in New York and he called me and wanted a job. Write CSS OR LESS and hit save. 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. 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. 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.. Tesla first demonstrated wireless transmissions during a lecture in 1891. 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). 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. Founder of Architects for 911 Truth. They are just proxies for the government with their 99% conviction rates. There isnt 35 trillion missing. Your car is broken into and the thief takes your computer and your reporters notebook and leaves everything else behind. I also hired Barclay Lieb who did his due diligence on me before joining my firm. 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. Elon Musk DEFENDS Scott Adams against WOKE CancelCulture!!! 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. 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 , 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. 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. Worse still, it seems to have endorsed a continual problem of missing money from the Pentagon. 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.. 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. (LogOut/ Follow FREEDOM MINDS FOR THE AMERICAN REPUBLICS on WordPress.com. Naturally, the first and only question we should start with is: how is this even possible? This article originally appeared on Zero Hedge. But it may happen behind closed doors, with the news media and public barred at least in part. Proof MSM Is The Enemy Of The People CNNs Dumbest Man On Television, Don Lemon, Joins NeverTrumper In Mocking Half Of Americans As Stupid Hicks, Virus Update: Med Journal Lancet Shows Initial Death Rate Over 11% & Contagion up to 83% (1of2), Discover the untold story about the War in Ukraine in this eye-opening documentary, The US wants to Impose a New Economic Paradigm on the World. These two very convenient buildings that were attacked were most likely a major cover-up. WebThe pentagon budget is nowhere near 2.3T. His campaign says the proposals would raise $3.2 trillion over 10 years to fund investments in health care, climate, infrastructure and education. The spending adjustments follow the Pentagons first failed audit in 2018 and another failed audit in 2018, according to Bloomberg. The author of the ordinance, local attorney Fred Bentley Sr., attributes at least some of the decrease in crime to the bill , Kinseys two books Sexual Behavior in the Human Male, published in 1948, and Sexual Behavior in the Human Female, which followed in 1952 started what we now call the sexual revolution. 22% unknown outcomes! (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. Pentagon loses 50 cents of every dollar allocated by congress. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. Change), You are commenting using your Facebook account. This missing money was reported four times for Trillions explained away by a little benign neglect of simple documentation? The Biden proposal has two opposing effects on the macroeconomy, the new study explains. Mark Easton, the Defense Departments deputy chief financial officer, wrote the GAO that in response to its audit the department is actively developing strategies to reduce accounting adjustments. Here is one tape I had a copy of that was at my mothers house which survived. You must understand that the Club was all about rigging the game so they always win. The report shows the Pentagon employs accounting adjustments like a contractor paints over mold. 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.. You can send support to: Kyle Hunt, PO Box 1052, Sorrento FL 32776. In , A court hearing on whether to unseal sensitive documents involving the alleged sex trafficking of underage girls by Palm Beach multimillionaire Jeffrey Epstein and the possible involvement of his influential friends will play out in a New York City courtroom next week. The Pentagons $35 Trillion Accounting Black Hole. Ken Hammond, U.S. Air Force via Wikimedia Commons. Well, I suspect todays article, shared by G.P., may have something to do with yesterdays story. 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. One of the few in Congress who have taken an interest in the missing $94.7 trillion is 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.. 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. There were conversations as part of your standard recorded lines when trading so there are no questions about giving orders. 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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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! Tony Capaccio of Bloomberg first reported. Their priority is making the situation look manageable, not solving the underlying problem, she said. 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. Imane Fadil was a Moroccan ex-model who became a celebrity after becoming a key witness in the 2013 Rubygate trials which accused the media mogul and ex-Prime Minister of Italy Silvio Berlusconi of child prostitution. The nations two main newspapers, the Washington Post and the New York Times, have simply ignored it. 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 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. 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. 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 MarshallReport, Five Charged in Texas Border UPS Drug Distribution Operation CleverJourneys. They were no interested in real trading. 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