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Out Of Mind » THE INSANITY OF REALITY » GOVERNMENT & THE NEW WORLD ORDER » Government missing now $21 Trillion! Does anyone care?

Government missing now $21 Trillion! Does anyone care?

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PurpleSkyz

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Government missing now $21 Trillion! Does anyone care?




 December 10, 2017  
(more than that, they are spendingcurrent debt is $21 Trillion…so they put us all in debt and then stole our borrowed money)
Has Our Government Spent $21 Trillion Of Our Money Without Telling Us?
By Laurence Kotlikoff
Forbes magazine, Dec 8, 2017

I am co-authoring this column with Mark Skidmore, a Professor of Economics at Michigan State University.
“No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.” ~ Article I, Section 9, Clause 7, The US Constitution
On July 26, 2016, the Office of the Inspector General (OIG) issued a report “Army General Fund Adjustments Not Adequately Documented or Supported”. The report indicates that for fiscal year 2015 the Army failed to provide adequate support for $6.5 trillion in journal voucher adjustments.
According to the GAO’s Comptroller General, “Journal vouchers are summary-level accounting adjustments made when balances between systems cannot be reconciled. Often these journal vouchers are unsupported, meaning they lack supporting documentation to justify the adjustment or are not tied to specific accounting transactions…. For an auditor, journal vouchers are a red flag for transactions not being captured, reported, or summarized correctly.”
(Note, after Mark Skidmore began inquiring about OIG-reported unsubstantiated adjustments, the OIG’s webpage, which documented, albeit in a highly incomplete manner, these unsupported “accounting adjustments,” was mysteriously taken down. Fortunately, Mark copied the July 2016 report and all other relevant OIG-reports in advance and reposted them here. Mark has repeatedly tried to contact Lorin Venable, Assistant Inspector General at the Office of the Inspector General. He has emailed, phoned, and used LinkedIn to ask Ms. Venable about OIG’s disclosure of unsubstantiated adjustments, but she has not responded.)
Given that the entire Army budget in fiscal year 2015 was $120 billion, unsupported adjustments were 54 times the level of spending authorized by Congress. The July 2016 report indicates that unsupported adjustments are the result of the Defense Department’s “failure to correct system deficiencies.” The result, according to the report, is that data used to prepare the year-end financial statements were unreliable and lacked an adequate audit trail.
The report indicates that just 170 transactions accounted for $2.1 trillion in year-end unsupported adjustments. No information is given about these 170 transactions. In addition many thousands of transactions with unsubstantiated adjustments were, according to the report, removed by the Army. There is no explanation concerning why they were removed nor their magnitude.
The July 2016 report states, “In addition, DFAS (Defense Finance and Accounting Service) Indianapolis personnel did not document or support why DDRS (The Defense Department Reporting System) removed at least 16,513 of 1.3 million feeder file records during the Third Quarter.”
An appendix to the July 2016 report shows $2 trillion in changes to the Army General Fund balance sheet due to unsupported adjustments. On the asset side, there is $794 billion increase in the Army’s Fund Balance with the U.S. Treasury. There is also an increase of $929 billion in the Army’s Accounts Payable.
This information raises additional major questions. First, what is the source of the additional $794 billion in the Army’s Fund Balance? This adjustment represents more than six times appropriated spending. Second, do these transfers represent a flow of funds to the Army beyond those authorized by Congress? Third, were these funds authorized and if so when and by whom? Fourth, what is the source of these funds? Finally, the $929 billion in Accounts Payable appears to represent an amount owed for items or services purchased on credit. What entities have received or will receive payment?
Note: The above article is copied from the Forbes magazine website on this webpage. Watch Prof. Skidmore discussing this astounding news in this interview.



Thanks to: https://tabublog.com



Breaking: Forbes Blows the Lid Off Missing Trillions From US Treasury

Posted on December 10, 2017 by Doreen Agostino  
 

$21 Trillion Missing From U.S. Treasury

By WantToKnow
Dec 08.17
“For fiscal year 2015 the Army failed to provide adequate support for $6.5 trillion in journal voucher adjustments. Given that the entire Army budget in fiscal year 2015 was $120 billion, unsupported adjustments were 54 times the level of spending authorized by Congress. “
~~  From Forbes magazine article posted Dec. 8, 2017
Dear friends,

Forbes magazine became the first major media to blow the lid off of $21 trillion that have gone missing from the US treasury. The entire article is copied below. To give an idea of how much money that is, if you divide the entire US population of around 325 million into $21 trillion, the amount missing is equivalent to $65,000 for every man, woman, and child in the country.
CBS News in 2002 was the first to report on the much smaller amount of $2.3 trillion missing from the Pentagon, as acknowledged by then Secretary of Defense Donald Rumsfeld in a report on the Dept. of Defense website. Rumsfeld’s report was later strangely removed from the website, but is still available on the Internet archive.
No other media picked up on this mind-blowing story. What should have been a top headline-grabbing story of highest concern to all Americans was simply dropped. Since then, a few major media have published isolated articles on missing trillions, as summarized on this revealing webpage, yet again, these stories were not given the top headlines they deserved. They thus attracted little notice and were dropped, so the public remained uniformed of this concerning news.
A courageous former Assistant Secretary of Housing and Urban Development under George H. W. Bush by the name of Catherine Austin Fitts couldn’t believe this vitally important story was being largely ignored by the media. An incredibly sharp economist who once served as managing director of the Wall Street investment bank Dillon, Read & Co, Fitts researched further and has been reporting regularly on the many trillions missing on her highly informative and inspiring website solari.com. The media has conspicuously avoided her detailed work on this.
Michigan State professor of economics Mark Skidmore discovered the excellent work of Fitts several years ago. He couldn’t believe Fitts claim that $6.5 trillion were missing from the US government. Thinking she had mistakenly written trillions instead of billions, he and his graduate students sifted through thousands of US government reports and were astounded to find not only that Fitts was right, but that the amount was even greater that Fitts had thought.
Skidmore eventually worked together with Forbes magazine contributor Prof. Laurence Kotlikoff of Boston University to compose the below article blowing the lid off this huge cover-up of $21 trillion gone missing from government coffers. Note that once certain officials saw Skidmore exposing this, the government removed many of the incriminating documents from their websites. But he wisely had downloaded all of the documents and has reposted this incriminating information on the website of Fitts on this webpage.
You can help to inform the public of this huge cover-up by spreading this news to all of your friends and colleagues. It’s time for us to join in demanding full transparency on how our tax dollars are used and to expose the major corruption taking place. See the “What you can do” section below the article for more ways you can make a difference. Thanks for caring. Together, we can build a brighter future for us and our children.
With best wishes for a transformed world,
Fred Burks for PEERS and WantToKnow.info
Former White House interpreter and whistleblower
December 9, 2017
Note: Watch Prof. Skidmore discussing this astounding news



https://youtu.be/7CwpjIwwI9o

Has Our Government Spent $21 Trillion Of Our Money Without Telling Us?

By Laurence Kotlikoff
Forbes magazine, Dec 8, 2017

I am co-authoring this column with Mark Skidmore, a Professor of Economics at Michigan State University. https://www.forbes.com/sites/centurylink/2017/11/16/data-helps-businesses-decide-where-to-spend-cybersecurity-dollars/#272dd2214066

Finding Balance: WantToKnow.info Inspiration Center

WantToKnow.info believes it is important to balance disturbing cover-up information with inspirational writings which call us to be all that we can be and to work together for positive change. For an abundance of uplifting material, please visit our Inspiration Center.
What you can do:

  • Contact your media and political representatives to inform them of this vital information on missing trillions from the US treasury. Urge them to study and bring publicity to this important topic. Invite them to read this article and explore the links included.
  • Explore our excellent Banking Corruption Information Center filled with reliable resources and links to key videos, essays, news articles, and much more revealing major government corruption.
  • Learn more about major money manipulations and what we can do about it in this powerful lesson from the free Insight Course.
  • Explore inspiring ideas on how we can work together to create a new paradigm.
  • Spread this news on missing trillions from the US treasury to your friends and colleagues, and bookmark this article on key social networking websites using the “Share” icon below, so that we can fill the role at which the major media is sadly failing. Together, we can make a difference.
    Source with thanks https://www.wanttoknow.info/b/missing-trillions

From Doreen
How much undisclosed money goes into artificial intelligence to surpass human intelligence, robots, transhumanism, CERN summoning other dimensional beings to inhabit those robots,  weather wars, discharging chemtrails with nano tech arrays, BIO-HAZARD 5g and S.M.A.R.T. GRID, InternetofThings, drone bots, etc.?
Sincerely,
Doreen Ann Agostino
Without Prejudice and Without Recourse
http://freetobewealthy.net

Thanks to: https://ourgreaterdestiny.wordpress.com/



  

topspin2


Purps,
Very well put....DOES ANYONE CARE?  From my experience we are few and far between. The masses are under some sort of hypnotic trance and are unable to grasp the important of the times. So, we wait....

Jaguar-2016


This is why the Indians still use what's called a Double Entry Book Keeping System. The main three principles for accounting day to day business transactions in book keeping records for all Monetary movements or lack thereof, are:

A) Debit WHAT comes in, Credit WHAT goes out!
B) Debit the Name of the Receiver, Credit the name of the Giver.
C) Debit all Expenses and Losses, Credit all Incomes and Gains. 

When these are recorded in the Double Entry Booking Journal, then there is NO way any "Loose Voucher" can go missing. Then comes in a term in accounting known as "TRIAL BALANCE". But, before that all Journal Entries must have been properly entered into Individual LEDGER accounts with PROPER NAMES exclusively appended to each such account. 

If on September 10th, 2001, there was this system in place, then we would have KNOWN immediately WHERE these monies have gone to? And that would have ended the THEORY / Conspiracy that 19 Hijackers of Arabian Ethnicity had successfully defeated the most sophisticated and well protected Airport Securities System from 4 different Airports and HIJACKED the four aircrafts midair with just BOX CUTTERS in their hands and successfully crashed the planes into 4 specific targets. We would have instantly known that the MONEY "Allegedly gone missing" as announced by Donald Rumsfeld was actually sitting in the Accounts of one Al-Waleed Bin Tallal and many such Sheikhs of Saudi Arabia?

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