$35 trillion missing from pentagon

Founder of Architects for 911 Truth. SGT Report is your daily source for truth in a time of universal deceit. 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. 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 . 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. Like what you're reading? Bob told me he wanted to leave the firm and join my team because we were the only clean house in the market. She was writing a book called I Saw the Devil. So what are these accounting adjustments? Write CSS OR LESS and hit save. 1 Length: 23MIN ($35 Trillion! My battle with the Club was one where they wanted just the perfect trades from inside trading and bribing officials. According to the DoD, theresnothing to see here. The WTC was taken down with a Tesla device and Trumps uncle took the Tesla papers. The Biden plan: Biden calls for higher taxes on the wealthy and corporations, along with other reforms. Change). Consider too that the current actual US budge for defense-related funding is$738 billion. The latest radio shows from our sister site. SGT Report is your daily source for truth in a time of universal deceit. Contact the author here. This missing money was reported four times for 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 birth rate is the lowest since the ministry began record-keeping in 1899, falling to a record ( 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. 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. By Anthony Capaccio. There has been a big course shift among macroeconomists in recent years over the risks and rewards of fiscal stimulus, he writes. Published Jan 23, 2020 9:59 PM EST. 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. 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 report shows the Pentagon employs accounting adjustments like a contractor paints over mold. 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. 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. (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 Department is actively developing strategies to reduce accounting adjustments, Mark Easton wrote in a Dec. 5 response to the GAO. WebThe pentagon budget is nowhere near 2.3T. Strange people call you at strange hours to give you strange information. The Biden proposal has two opposing effects on the macroeconomy, the new study explains. in assets and a record current 2021 budget of $738 billion, has for the third year in a row failed its audit. 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. 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? What it all means: The results arent necessarily surprising. Remember to thank those in the military for their service. 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. I ended up hiring Bob and he was on our team during the 90s until he died suddenly of a heart attack. 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. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. I had given the tapes to my lawyers to protect. 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.. Follow us on Twitter: @yuvalrosenberg, @mdrainey and @TheFiscalTimes. 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. There were conversations about how they bribed officials in Russia to recall platinum for an inventory. 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. Well, I suspect todays article, shared by G.P., may have something to do with yesterdays story. On one hand, reducing federal deficits increases investment, leading to greater capital accumulation and, therefore, increasing GDP. Within that $30 trillion is 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. We project that these two effects are largely offsetting over time.. Adjustments underscore weakness in Defense Department systems. And please tell your friends they can sign up here for their own copy of this newsletter. 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. Consider too that the current actual US budge for defense-related funding is$738 billion. They were evacuated. Page 9. Each month, the Pentagon has to see if their financial records match what the Treasury Department has recorded, she said. 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. Each budget category is so broadly defined that the Pentagon could use money slated for research and development to fund manpower costs if it wanted to. 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. 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. Because we don't. 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 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.. The Pentagon failed its audit amid a now $35 trillion scandal (yes, trillion) Lee Camp. Yet, theres a detail in this article that caught my eye, and that fuels todays high octane speculation. 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. Covid and The Ohio Train PSYOPS Exposed by Richard Gage! I also hired Barclay Lieb who did his due diligence on me before joining my firm. Money is double or triple-counted as it moves between accounts. Here is one tape I had a copy of that was at my mothers house which survived. 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. 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? Your contributions make this all possible. Mnuchin Said Thunberg Needed to Study Economics Before Offering Climate Proposals. The Lone Eagle, as he was called, then helped develop aviation and married Anne Morrow, daughter of diplomat Dwight Morrow. There was also no source of fuel to burn that hot. There isnt 35 trillion missing. Trillions explained away by a little benign neglect of simple documentation? Indeed, $35 trillion exceeds Americas entire GDP for 2019 by more than 50%. 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. The Pentagon fail to provide physical evidence of alleged large computer system orders and other use of funds like. 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. No government employees in that WTC7 building were in there when it collapsed. (LogOut/ 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 Sanders plan: Sanders has proposed a 1% tax on net worth above $32 million for a married couple, with the tax rising until it reaches 8% on wealth over $10 billion. Bidens plan would have little impact on GDP, Penn Wharton finds. Spokeswoman for the Pentagons inspector general,Dwrena Allen, downplayed what to most Americans will sound like the makings of an explosive scandal. CTRL + SPACE for auto-complete. The Rise of the Neocons ArmstrongEconomics, President Trump Speaks From West Palm Beach! 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. Worse still, it seems to have endorsed a continual problem of missing money from the Pentagon. He said he was told by the head of the firm to come to him with guaranteed trades not recommendations. These two very convenient buildings that were attacked were most likely a major cover-up. The findings? Other news organizations stenographically quoted Pentagon officials as admitting that they failed again but saw progress, and as promising that they would achieve a clean audit by get this 2027. Learn how your comment data is processed. WebThe Pentagon moved a total of $35 trillion among its various budget accounts in 2019, Tony Capaccio of Bloomberg first reported. The figure 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. 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. Send your tips and feedback to yrosenberg@thefiscaltimes.com. 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. Providing exclusive original content and interviews with some of the best known voices in the world of economics and precious metals. Mark R. Warner and Tim Kaine (both D-VA) today voted for the passage of the $1.5 trillion government spending bill. They were not traders willing to risk anything on real analysis. 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. Tesla presented the fundamentals of radio in 1893 during his public presentation, On Light and Other High Frequency Phenomena. Afterward, the principle of , The United States in Congress Assembled (USCA), the third united American republic, was formed by 13 States with the Articles of Confederations enactment on March 1st, 1781, and expired on March 3rd, 1789, with the implementation of the current U.S. Constitution on March 4th, 1789. The risks and rewards of fiscal stimulus, he writes $35 trillion missing from pentagon they can sign up here for their service some... Gdp for 2019 by more than 50 % $ 738 billion, has for third... They bribed officials in Russia to recall platinum for an inventory my team because we were only... Wanted to leave the firm to come to him with guaranteed trades not recommendations higher taxes the... Suddenly of a heart attack in this article that caught my eye, that... Government employees in that WTC7 building were in there when it collapsed the. Of a heart attack article that caught my eye, and that fuels todays high octane speculation and... 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