Posted on 08/19/2016 5:16:51 PM PDT by Leaning Right
The United States Armys finances are so jumbled it had to make trillions of dollars of improper accounting adjustments to create an illusion that its books are balanced.
The Defense Departments Inspector General, in a June report, said the Army made $2.8 trillion in wrongful adjustments to accounting entries in one quarter alone in 2015, and $6.5 trillion for the year. Yet the Army lacked receipts and invoices to support those numbers or simply made them up.
(Excerpt) Read more at reuters.com ...
Right again!!!
Doublespeak!
They’re in on it.
Let’s get pencil and paper, class. Missing the
.... ‘stimulus’ funds
.... State Department funds misplaced, lost, under Clinton’s stalwart leadership
.... 400 million to Iran
.... more filtering into Iran over and above the millions already mentioned.
And yet congress critters bark at Donald J. Trump that there is no answer as to where the money needed to rebuild our decaying nation could possibly be found.
Where there is a need, there is a way....and the current administration has indeed found both, with a good many extras.
I’d think a lot is just workfare wealth transfers, feeding/clothing/housing a lot of people that will never serve a “military” purpose...
Fractional Banking and the Derivatives Market; reports over at Zerohedge have the Derivatives Market “valued” at $600 TRILLION! Yes, that is about 30x the gross output of Earth.
You have to understand how derivatives work. The notional value is of no significance; what you need to look at is the value at risk.
On a $500 million vanilla interest rate swap, the typical value at risk is $2 or $3 million. Other types of derivatives have even higher ratios.
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