Fadil was also looking to be a witness in a related investigation (dubbed Ruby ter) that is still ongoing. Providing exclusive original content and interviews with some of the best known voices in the world of economics and precious metals. The MarshallReport, Why Are Colleges Still Mandating COVID Vaccines for Students? And please tell your friends they can sign up here for their own copy of this newsletter. The banks pay huge fines at shareholder expense to protect the bankers personally and nobody ever goes to jail. And as we noted then, critics of the Penn Wharton model question some of its assumptions about how higher taxes affect the economy. 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. 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). Your car is broken into and the thief takes your computer and your reporters notebook and leaves everything else behind. Pentagon spokesman Christopher Sherwood said that annually, DoD has hundreds of billions of dollars of financial activity, and accounting adjustments are sometimes used to record activity in our financial reporting systems due to a lack of system capabilities or interfaces.. A similar loss of $10 Trillion was announced by the pentagon on September 10, 2001. 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. It also means that the Defense Department really sucks at accounting, according to a recent Government Accountability Office report. Thanks for being a reader of this site. Sanders staff reportedly estimated that the tax would raise $315 billion over a decade. Will Democrats Let Him? 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? The Rise of the Neocons ArmstrongEconomics, President Trump Speaks From West Palm Beach! 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. Follow FREEDOM MINDS FOR THE AMERICAN REPUBLICS on WordPress.com. After all, $35 trillion is aboutone-and-a-half times the size of the entire US economy. PO Box 1052 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. Or are you an unpatriotic commie pig who doesnt appreciate their struggle?! But because the DoD could not provide support, the auditors could not draw conclusions regarding the adjustments., Published on January 22, 2020, 3:00 AM CST. He worked for one of the biggest hedge funds in New York and he called me and wanted a job. WebThe Real Reason The Pentagon Is Missing 35 TRILLION Dollars. 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. According to the DoD, theresnothing to see here. Most of the tax increases under the Biden plan would fall on the top 0.1% of income earners, raising their annual taxes by more than $1 million each and lowering their after-tax income by 14%. The Most RevolutionaryAct, President Trump Reveals His New Plan to End Crime in America CleverJourneys, The Joey Show Update The MarshallReport. Professor Denounces Maskless People As Racist, Ableist, And Classist. WebThe Pentagon moved a total of $35 trillion among its various budget accounts in 2019, Tony Capaccio of Bloomberg first reported. 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. 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. That $2.3 trillion in 2001 has grown now to $35 trillion. Not to mention that the figure easily dwarfs the GDP of the entire combined nations of theEuropean continent. 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.. 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. Articles may contain affiliate links which enable us to share in the revenue of any purchases made. 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. 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. A lot may be an understatement: According to government data, there were 562,568 adjustments made in the Pentagons books in 2018. 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 Bloombergs Justin Fox crunched the data and came to a simple conclusion: Its both. Covid and The Ohio Train PSYOPS Exposed by Richard Gage! Biden may face some challenges, too. 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. Founder of Architects for 911 Truth. 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. I had given the tapes to my lawyers to protect. WASHINGTON, D.C. U.S. Sens. Like what you're reading? Follow us on Twitter: @yuvalrosenberg, @mdrainey and @TheFiscalTimes. The Biden plan: Biden calls for higher taxes on the wealthy and corporations, along with other reforms. 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. Sign up for our free newsletter. Thats obscene, they stole how much money? ', By Change), You are commenting using your Facebook account. Like what you're reading? Whats most important to an auditor is whether the adjustments are properly supported because properly supported adjustments ensure financial statement values are accurate. But not so fast. 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. US (not America any longer) put 80% of its budget for the first 90 years to killing the indigenous as George Washington wiped out the Iroquis and the Pilgrims were no better wiping out the Pequot as the Jews, Masons and Christians burnt theirRead more , Look at the design of DC and the Pentagon which is an upside down pentagram as both were designed by Freemasons as are all state houses and a huge number of dams, buildings, cities, and other structures with George Washington in full pose as Baphomet (the inverse of the Ram of Banebdjedet at Mendes) as everything we know, read or have been taught is the inverse (Well know our disinformation program is complete when everything the American public believes is false William Casey at Reagan White House meeting with Barbara Honegger in attendance and it was herRead more . The judge, Richard Owen (Prosecutor was Richard D. Owens), ordered all the tapes to be turned over to the government on their theory it might lead to where I had stashed the missing $1 billion which was stolen by the banks. Page 9. 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. 0x3c909c5617D7BEF7B12FB4054F6D4dBcf22602e7. WebIn this story, we'll be finding out how the Pentagon somehow lost 35 trillion dollars, do you really believe them? 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 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. 2 min read While it shouldnt come as a surprise for an organization that has famously ( 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. 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. As we noted then, critics of the entire combined nations of theEuropean continent ) you! 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