Get the latest in military news, entertainment and gear in your inbox daily. So what are these accounting adjustments? Providing exclusive original content and interviews with some of the best known voices in the world of economics and precious metals. Both thus seem about equally to blame for the rise in the deficit., Fox also says that its not entirely clear that the deficits are cause for concern at the moment. CTRL + SPACE for auto-complete. 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. After all, $35 trillion is aboutone-and-a-half times the size of the entire US economy. I also hired Barclay Lieb who did his due diligence on me before joining my firm. Bidens plan would have little impact on GDP, Penn Wharton finds. 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 Department is actively developing strategies to reduce accounting adjustments, Mark Easton wrote in a Dec. 5 response to the GAO. 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. 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.. Not to mention that the figure easily dwarfs the GDP of the entire combined nations of theEuropean continent. NO data about the Use in Pregnancy and lactation, in Paediatric Individuals <12 Years of Age and .VACCINE EFFECTIVENESS! 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! 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 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. WebThe pentagon budget is nowhere near 2.3T. 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. 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? You can email him at schogol@taskandpurpose.com, direct message @JeffSchogol on Twitter, or reach him on WhatsApp and Signal at 703-909-6488. This, as I suspected then, was confined to banking and to the presence in the system of hidden and undisclosed bullion acting as a secret reserve on the ledgers. 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 Most RevolutionaryAct, President Trump Reveals His New Plan to End Crime in America CleverJourneys, The Joey Show Update The MarshallReport. 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 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. That all said, I had decades of phone recordings with conversations with all the main banks in NYC. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. Shockingly high levels of aluminum were found in these brain samples. Sorrento, FL 32776, GAB PAY: 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. 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 enormity of the accounting adjustment defies any rational explanation. Missing Money 2021 Update The Missing Money (solari.com) Thats what should have been the biggest news of 2021. The report shows the Pentagon employs accounting adjustments like a contractor paints over mold. Focusing on fiscal year 2019, $35 trillion in accounting adjustments is 47 times the $738 billion in authorized DOD funding in that year, and 1.6 times U.S. GDP of $21.4 trillion. She was writing a book called I Saw the Devil. 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Your email address will not be published. let that number sink in) #darkskyfiles #pentagon #government 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 Tulsi Gabbard Files $50 Million Defamation Lawsuit Against Hillary Clinton, Davos: Jane Goodall says that global issues wouldnt be a problem if human population was 94% lower, https://www.zerohedge.com/economics/just-little-sloppy-record-keeping-pentagons-35-trillion-accounting-black-hole, Undeclared Components of Covid-19 Vaccines Symposium in Germany, Utah Police Update Investigation Into Alleged Ritualistic Child Sex Abuse; Involves Elites of Counties, US Air Force Presentation Weather as a Force Multiplier: Owning the Weather in 2025, US Forest Service Begins Shooting Unauthorized Cattle From Helicopters In New Mexico, Whistleblower: The Pentagon Mandated COVID Vaccines, But Then Ignored Concerns About Adverse, Hollywood Producer Sentenced For Running Prostitution Ring That Supplied Well Known Wealthy Clients, FBI whistleblower raises concerns about bank record mining, undercover agents in J6 probe, The 65th Annual Grammy Awards held in Los Angeles is Another Satanic Ritual. The Lone Eagle, as he was called, then helped develop aviation and married Anne Morrow, daughter of diplomat Dwight Morrow. Covid and The Ohio Train PSYOPS Exposed by Richard Gage! I had given the tapes to my lawyers to protect. No government employees in that WTC7 building were in there when it collapsed. CEO of Blackrock Warns A Spike In Inflation May Come As A Pretty Big Shock Its Not Transitory, 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. The combined errors, shorthand, and sloppy record-keeping by DoD accountants do addup toa number nearly 1.5 times the size of the U.S. economy, said Speier, a California Democrat. Its not a pile of cash, and its not all expenditures. 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. according to a recent Government Accountability Office report. This subreddit is intended for reddit users with accounts that are less Naturally, the first and only question we should start with is: how is this even possible? You must understand that the Club was all about rigging the game so they always win. Their priority is making the situation look manageable, not solving the underlying problem, she said. Christian, Patriot, Entrepreneur. That does not mean that the Defense Department It sounds more appropriately news out ofThe OnionorBabylon Beegiven this is *Trillions* and not just billionsthough that itself would have been remarkable enough. Change). Jeff Schogol In 2010, a 70-year-old woman going by the pseudonym Ether White claimed that she was sexually abused for years by her father and grandfather, and that the pair was paid by Dr. Alfred Kinsey as , After Charles Lindbergh flewThe Spirit of St. Louisfrom New York to France in 1927, completing the first solo nonstop transatlantic flight, he became Americas most admired hero. ( 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. (LogOut/ 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. You feel , Considered to be the worlds foremost expert on the neurotoxicity of fluoride compounds, Phyllis Mullenix, Ph.D., formerly of Harvard University, to her surprise found that fluoride crossed the blood brain barrier, accumulated in the brain, and impacted the behavior of rats in a manner consistent with a neurotoxic agent. 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. What it all means: The results arent necessarily surprising. Your generosity is very much appreciated and needed. Tax proposals put forth by Democratic presidential candidate Joe Biden and Bernie Sanders wont generate as much revenue as their campaigns project, and in some cases would fall significantly short of estimates, according to new analyses by the Penn Wharton Budget Model, a non-partisan policy research initiative at the University of Pennsylvania. 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. They needed the guaranteed trade. I hired the first Black financial analyst Bob Howe. The MarshallReport, Why Are Colleges Still Mandating COVID Vaccines for Students? in assets and a record current 2021 budget of $738 billion, has for the third year in a row failed its audit. 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. Biden may face some challenges, too. How about the 9400 unknown outcomes! A lot may be an understatement: According to government data, there were 562,568 adjustments made in the Pentagons books in 2018. 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? You can send support to: Kyle Hunt, PO Box 1052, Sorrento FL 32776. The Pentagon Announces $35 Trillion Accounting Black Hole for 2019 Missing Funds. The Pentagons $35 Trillion Accounting Black Hole. 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). Change), You are commenting using your Twitter account. 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. 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.. They are just proxies for the government with their 99% conviction rates. Constant recordings about join them stop fighting the club. But it may happen behind closed doors, with the news media and public barred at least in part. 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.. https://gabpay.live/CompleteQR/9Y95IV, BITCOIN ADDRESS: Founder of Architects for 911 Truth. This article originally appeared on Zero Hedge. Follow FREEDOM MINDS FOR THE AMERICAN REPUBLICS on WordPress.com. On one hand, reducing federal deficits increases investment, leading to greater capital accumulation and, therefore, increasing GDP. Consider too that the current actual US budge for defense-related funding is$738 billion. 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. 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. All rights reserved. Bloombergs Justin Fox crunched the data and came to a simple conclusion: Its both. 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. 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. I objected and told the court that these tapes had nothing to do with the case. All rights reserved. Will Democrats Let Him? PO Box 1052 Embed Share. And yup, the 9/11 false flag attack was orchestrated and perpetrated by Israelis and US Zionists to provoke a false flag revenge war between the US and Arab world. 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 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. 2009-2023 The Fiscal Times. Congress Has Welcome News for Americans Saving for Retirement, Trump's Selective Urgency at the Supreme Court. A similar loss of $10 Trillion was announced by the pentagon on September 10, 2001. There were conversations as part of your standard recorded lines when trading so there are no questions about giving orders. Anne learned to fly, and she and Charles made spectacular intercontinental flights together. The Rise of the Neocons ArmstrongEconomics, President Trump Speaks From West Palm Beach! The Pentagon moved a total of $35 trillion among its various budget accounts in 2019, Tony Capaccio of Bloomberg first reported. These changes occur at atrazine levels below what the EPA considers safe for drinking water. 0. WebThe Real Reason The Pentagon Is Missing 35 TRILLION Dollars. 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. And it means that you're probably spending a lot of time moving money around instead of actually getting the work done, Clark said. 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. 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