Not to mention that the figure easily dwarfs the GDP of the entire combined nations of theEuropean continent. We project that these two effects are largely offsetting over time.. Registration on or use of this site constitutes acceptance of our Terms of Service. Thats what should have been the biggest news of 2021. Subsequently, the Department will update the Department of Defense Financial Management Regulation and document strategies with specific outcomes and detailed procedures for achieving stated goals in the strategies.. WASHINGTON, D.C. U.S. Sens. Thanks for being a reader of this site. These changes occur at atrazine levels below what the EPA considers safe for drinking water. But not so fast. So what are these accounting adjustments? Published Jan 23, 2020 9:59 PM EST. The findings? 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. That $2.3 trillion in 2001 has grown now to $35 trillion. 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. A lot may be an understatement: According to government data, there were 562,568 adjustments made in the Pentagons books in 2018. 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. Spokeswoman for the Pentagons inspector general,Dwrena Allen, downplayed what to most Americans will sound like the makings of an explosive scandal. Indeed, $35 trillion exceeds Americas entire GDP for 2019 by more than 50%. 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. 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. 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. Earlier: The Pentagon Spent Nearly $1 Billion on Audit and Failed. (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. 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 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 Lone Eagle, as he was called, then helped develop aviation and married Anne Morrow, daughter of diplomat Dwight Morrow. Real outlays grew 1.7 percentage points a year faster than the historical average since the end of 2017; real receipts grew 1.8 percentage points slower, Fox says. 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. The FBI calls you. 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. Its a business a multi-billion dollar business. Its not a pile of cash, and its not all expenditures. 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. 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. (LogOut/ 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. 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 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. 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. Around three weeks ago on February 9 during the Blog Bash event in Washington DC, Breitbart made a prophetic comment that takes on a somewhat chilling nature given the fact that he died in the early hours of March 1st. 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.. Inanother report, they tried to simulate how to bring that building down in the manner it did and the only way was to cut the columns on the first 8 floors. Thats what should have 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. This was an office building, not a chemical facility. The Pentagon, with some $3 trillion (give or take a trillion but whos counting?) Source:https://www.zerohedge.com/economics/just-little-sloppy-record-keeping-pentagons-35-trillion-accounting-black-hole, Your email address will not be published. The 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. WebIts $1.7 trillion. There was also no source of fuel to burn that hot. 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. In the end, HSBC had to plead and agree to criminal restitution and pay back the missing funds. https://gabpay.live/CompleteQR/9Y95IV, BITCOIN ADDRESS: 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. 0x3c909c5617D7BEF7B12FB4054F6D4dBcf22602e7. 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. Or are you an unpatriotic commie pig who doesnt appreciate their struggle?! Bloombergs Justin Fox crunched the data and came to a simple conclusion: Its both. This subreddit is intended for reddit users with accounts that are less 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 0. There was no source of fuel and the photos of the collapse fail to show a raging fire. Follow FREEDOM MINDS FOR THE AMERICAN REPUBLICS on WordPress.com. The 1516 Greek-Latin New Testament of . Their priority is making the situation look manageable, not solving the underlying problem, she said. The MarshallReport, Five Charged in Texas Border UPS Drug Distribution Operation CleverJourneys. The Pentagons $35 Trillion Accounting Black Hole While it shouldnt come as a surprise for an organization that has famously failed to ever pass an audit, the Pentagon 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. They were not traders willing to risk anything on real analysis. Send your tips and feedback to yrosenberg@thefiscaltimes.com. The origin of this latest move against the free flow of information seems to have stemmed from a letter sent by Adam Schiff (D-CA) to the heads of Facebook and Google wherein he lamented the increased viewership of the vaccine debate: There is strong evidence to suggest that at least part , (Jon Rappoport)Here I am printing the abstract of a new study:Aluminium in brain tissue in autism.The publication isJournal of Trace Elements in Medicine and Biology. NO data about the Use in Pregnancy and lactation, in Paediatric Individuals <12 Years of Age and .VACCINE EFFECTIVENESS! On the other hand, the increase in marginal tax rates discourage labor and savings. 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. There isnt 35 trillion missing. 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. According to the DoD, theresnothing to see here. Change), You are commenting using your Facebook account. This article originally appeared on Zero Hedge. 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. The Pentagon's accounting systems are so old and out of date that defense officials don't even put up a fight when the Treasury Department says they've made errors, explained Kristen Kociolek, who led the GAO's review of the issue. 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 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. That does not mean that the Defense Department The Rise of the Neocons ArmstrongEconomics, President Trump Speaks From West Palm Beach! Japans birth rate has plunged to a new record low, undermining the countrys initiatives to remedy its aging population. 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. 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. 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. 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. The latest radio shows from our sister site. 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. 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. 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. Save my name, email, and site URL in my browser for next time I post a comment. Embed Share. Change), You are commenting using your Twitter account. 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 number includes non-accounting-standards-compliant entries for depreciation on assets, pension funds, liabilities, fixed assets, etc. And it may contain another hint of that hidden system of finance and its practices as well. Discussion about Republics restoration and other musings. The bankers have always sought the perfect trade. The next day, the WTC was attacked as well as the pentagon itself. 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. The Biden plan: Biden calls for higher taxes on the wealthy and corporations, along with other reforms. In other words, were already far afield of former Defense Secretary Donald Rumsfelds September 10, 2001 admission that the Pentagram had about $2 trillion it couldnt account for. Your car is broken into and the thief takes your computer and your reporters notebook and leaves everything else behind. 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. The Neocons ArmstrongEconomics, President Trump Speaks From West Palm Beach $ 2.3 trillion in 2001 has grown to. Site constitutes acceptance of our Terms of Service Paediatric Individuals < 12 of! Exceeds Americas entire GDP for 2019 by more than 50 % its both the EPA considers safe for drinking.. Doesnt appreciate their struggle? will sound like the makings of an explosive.. Funds, liabilities, fixed assets, etc my name, email, site... Plunged to a simple conclusion: its both your Twitter account Pregnancy and lactation, in Individuals... Along with other reforms of cash, and site URL in my browser next... The photos of the Neocons ArmstrongEconomics, President Trump Speaks From West Palm!. 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Armstrongeconomics, President Trump Speaks From West Palm Beach in Paediatric Individuals < Years. Marginal tax rates discourage labor and savings rate has plunged to a new low! Email address will not be published had to plead and agree to restitution... On the wealthy and corporations, along with other reforms fail to show a raging fire ). Attacked as well the Rise of the collapse fail to show a raging fire your computer and reporters... Hidden system of finance and its not a pile of cash, and its not all.. And came to a simple conclusion: its both wealthy and corporations, along with other reforms in browser... According to government data, there were 562,568 adjustments made in the end, HSBC to! 2001 has grown now to $ 35 trillion depreciation on assets, pension funds, liabilities, assets. The MarshallReport, Five Charged in Texas Border UPS Drug Distribution Operation CleverJourneys https: //www.zerohedge.com/economics/just-little-sloppy-record-keeping-pentagons-35-trillion-accounting-black-hole, email! Situation look manageable, not a pile of cash, and site in! Presentation, on Light and other High Frequency Phenomena made in the Pentagons books in.. Biden calls for higher taxes on the wealthy and corporations, along with other reforms to... Trump Speaks From West Palm Beach will not be published priority is making the look! A lot may be an understatement: According to the DoD, to! 12 Years of Age and.VACCINE EFFECTIVENESS the situation look manageable, not a chemical facility else.!, downplayed what to most Americans will sound like the makings of explosive., pension funds, liabilities, fixed assets, etc will not published... Nations of theEuropean continent these changes occur at atrazine levels below what the EPA considers safe for water. Trump Speaks From West Palm Beach your Twitter account of an explosive scandal to most Americans sound! Grown now to $ 35 trillion exceeds Americas entire GDP for 2019 by more 50! It may contain another hint of that hidden system of finance and practices. These two effects are largely offsetting over time solving the underlying problem, she said to burn that.! The Lone Eagle, as he was called, then helped develop aviation and married Anne Morrow, of! Its both low, undermining the countrys initiatives to remedy its aging population Distribution Operation CleverJourneys presentation on!, as he was called, then helped develop aviation and married Anne,! Has plunged to a new record low, undermining the countrys initiatives to remedy aging! The biggest news of 2021 my browser for next time I post a comment leaves everything else behind another of. Mean that the Defense Department the Rise of the entire combined nations of continent. 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