Monday, August 8, 2016

"US Department of Defense Claims To Have “Lost” $6.5 TRILLION In Year-end Accounting"

"US Department of Defense Claims To Have “Lost”
 $6.5 TRILLION In Year-end Accounting"
by Carl Herman

"The US Department of Defense (DoD) Inspector General issued an audit report last week stating that DoD claims to have “lost” $6.5 trillion in year-end accounting, with $2.8 trillion “missing” in the last fiscal quarter alone. This is euphemistically termed “unaccounted,” and literally means that DoD agrees they received these funds, agrees the funds are gone, and then claims to not have records of where the money went.

Of course, this never happens with lawful accounting because records always show where the money goes. This would be like your bank agreeing they received a large deposit from you, agreeing the money was gone, and not refunding your account while claiming no further information of this “unaccountable,” “lost,” and “missing” money. The most common historical explanation of governments “losing” money is, of course, embezzlement to enrich an oligarchy.

$6.5 trillion equals:

~$65,000 per US household.
Embezzling a billion dollars from a US military project 6,500 times.
Embezzling a billion dollars every day for 18 years.

An Inspector General is supposed to be head of an independent and non-partisan auditing organization to discover and investigate waste, embezzlement, and fraud. They are supposed to act as “watchdogs” to ensure government agencies are transparent and lawful, with power to subpoena and take testimonies under oath. Rep. Alan Grayson asks the Federal Reserve Inspector General about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the trillions of off balance sheet obligations. Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is. The fact that the Inspector General has not investigated with subpoenas and testimonies under oath speaks strongly as evidence of criminal complicity with the embezzlers.
You may recall that DoD’s claims of trillions of our tax dollars somehow going missing isn’t new, and reported as $2.3 trillion by Secretary of Defense Rumsfeld on September 10, 2001 as “a matter of life and death” the day before a claimed airplane bulls-eyed into the Pentagon’s accounting department, killing the very accountants tasked to find the “missing” money. (What an astounding coincidence! Uh huh... - CP)

Please click this link for the rest of this excellent article:

1 comment:

  1. When the Department of War says that money is not accounted for that is exactly what they mean : not that it was lost, stolen or embezzled ( though given the conditions under which the department operates it is almost a foregone conclusion that something similar has happened in virtually every case ) but that no accounting will be made. The paen 'national security' will cover every sin and none will be the wiser.