DoD Financials

The Financial State of America is Grossly Catastrophic

Posted on by Helena

Given the blatant lies about the Labor stats recently noted, I thought it was a good time to review once again the US Treasury Financial Positions and ‘notes’ therein.  The last update was FYE 2023.  One line item worth noting was PP&E (property, plant and equipment) values at $1.235 Trillion or 23% of total Assets with an explanatory Note: 

“General PP&E consists of tangible assets, including land. Internal use software, land rights, assets acquired through capital leases, and leasehold improvements are also included. DOD comprises approximately 67.4 percent of the government’s reported general PP&E, net as of September 30, 2023. DOD continues to implement SFFAS No. 50, Establishing Opening Balances for General Property, Plant, and Equipment which permits alternative methods in establishing opening balances for general PP&E.

The unaudited statements claime Assets – $5.4 Trillion on Liabilities of $42.9 Trillion.   Net Worth = $(37.48) Trillion.  Assets included $1.7 trillion in receivables of which the vast majority is STUDENT DEBT.

The DoD is MUCH WORSE:   The auditors noted 66 pages of deficiencies and irregularities in the accounting process of the Pentagon Complex.  Total Assets – $3,781,213,000,000 on Liabilities – $3,951,985,000,000 for a Net Wealth of $(170.77)Billion.  Inventory valuations and PPE valuations account for $1.173 Trillion of total assets – which are accounted for under the DoD’s “Alternative Accounting Methodology”.  DOD spending was $1.362 Trillion… – their budget was $858 billion resulting in an overspend of $504 Billion or – 59%.

Due to the extent of Pentagon Fraud – the Auditors could not provide an opinion.

Social Security Payable is NOT accounted for in any Balance Sheet for ANY Department.

According to a graph created by the Bureau of Labor Statistics for employment levels 2014 thru 2024: employment stats reveal that 20 million people lost their jobs in 2020, roughly 3 million were recovered before being lost again…by the end of the year.  This is the great economy Biden touts.   Jobs that were never recovered – budget deficits of nearly 60% – and a whole lot of Blatant LYING.

The Infrastructure Bill passed in 2021 by Republicans and Democrats called for $3.5 trillion in expenditures to improve bridges, EV charging, Wastewater structures, Internet access, habitat restoration, etc… the Department of Transportation actually spent a total of $108 Billion in 2023 and $114 Billion in 2022 – which included Employee Costs and Administration.  Their NET POSITION as of 2023 – $277 Billion… 

 These Financial Statements were audited by KPMG – classified with ‘Significant Deficiencies’ – no opinion offered.   In other words – little to NOTHING was actually improved – and the records are a veritable MESS.

The fact that the vast majority of our Congress is made up of Lawyers with zero understanding of Finance would explain why we have a Financial Crisis.  It would explain why the DNC Hunger Games witnessed a barrage of pathological lies built on deception and fraud.  It would explain the bankruptcies, the 2-3 jobs per person, and the need to import illegals in order to deflect from the Financial Facts to another created crisis. 

Giving the state of America to Trump would be their holy grail so as to attempt to project the entire mess on MAGA.  Not to worry – Russia has opened up their VISA program to accept westerners with open arms – as long as your Christian and societal values do not match the Democrats and Rhinos.

WAR DEFLECTION:

The Israeli ‘Revised Peace Deal’ as newly created by the Blinken and Netanyahu Cartel is a joke.  Revisions include:  1)  Hamas must release all prisoners,  2)  Israel to release zero of the 10,000 prisoners held illegally,  3)  Israel may continue to bomb Palestine relentlessly,  4)  Israeli IDF Soldiers will occupy all Palestinian cities and conduct executions at will without recourse.

The Ukraine proposal as drafted by the CIA and Blinken is no different.  It is NOT built on any ground of reality and instead invokes an almost comedic quality.  As of the CIA strike on the Kursk Region and the Nuclear facility Russia has declared that a peace deal in any form is no longer viable.  Ukraine will be eliminated of its foreign pockets.

And for all intents and purpose – The American Empire Will Fall.  The shock heard ‘round the world –

The slight of hand magicians will be forced back in their caves.   No country will want them – their money will be worthless – and their dignity will be spoiled rancid milk.  Surviving Americans will be building from scratch.   It is likely that Africa and the BRICS will become the next Empire of sorts.  All the grand talk of building up nuclear weapons will never take place – there is no money – there is no power.  There is only – The Matrix…

THE US Government Accounting Office for The Pentagon….

Posted on by Helena

The US GAO has a whisper for the Pentagon, “psst, we just figured out that in 2022, seven out of 16 weapon systems had sustainment cost growth above the thresholds identified in law.  Do you think you could take a look at this before it goes public?”   Sustainment costs include costs for repair parts or personnel and account for about 70% of a weapon system’s total cost.   Some weapon systems saw cost overruns of 183%.  That would be typical ‘tricky dick’ accounting  methodologies according to Garp.

Apparently the repairs incurred on the field in Ukraine were massive given the Pentagon would have to send specialists making $300,000 per year to Ukraine to rebuild pieces of junk inventory that were subsequently blown up.   And there was no specific category to bury the costs.   Or maybe a few dozen mercenaries were ‘recategorized’ as ‘weapon repair’.  In either event, The Pentagon is once again underwater and needs more Ukraine aide to cover their arses.

GAO II:   The Office of Personnel Management, which oversees health insurance for 8 million federal workers and their families at a cost of more than $60 billion a year, has never checked the eligibility of those on its rolls.   These scams are thought to cost US taxpayers $3 billion per year – of course, that figure is likely much higher given that the organization NOT overseeing the costs is the same organization estimating the fraud.  The Fraud has been ongoing for at least 14 years…

GAO III:   Climate Change could unearth buried nuclear waste and cause massive contamination in oceans.   “In Greenland, chemical pollution and radioactive liquid are frozen in ice sheets, left over from a nuclear power plant on a US military research base where scientists studied the potential to install nuclear missiles.”   Those ice sheets are melting…  What is the government doing?   Screaming for aide for Ukraine.

GAO IV:   A recent report by the U.S. Government Accountability Office reveals poor living conditions inside military barracks – from mold and exposed sewage, to broken windows, nonexistent HVAC systems and more.

These living conditions would qualify as toxic waste contamination in any other ordinary setting – and the barracks would be scraped while 50000 tons of dirt would be used to attempt to absorb the chemicals.

This is what your Commanders think of our soldiers.   This is what we pay for while Congressional leaders keep pocketing $100’s of millions in insider stock manipulation.  This is beyond abhorrent!   SEND MORE $$$$$$$ to Ukraine….

Not ONE Congressional member has addressed any of these hideous discrepancies.   Instead, they print more money to initiate coups in Russia and Iran – their current targets.   So how corrupt is our government?

The Departments of the government are required to have put together annual financial statements.   The last one available is FY 2022:

Total Assets – $3,521,784,000

Total Liabilities – $3,742,863,000

NET IN THE HOLE – $221,079,000 2022

The biggest increase in Liability/cost was for Federal Employee and Veteran Benefits…  Huh?

The Net from 2021 which was a positive of $255million means the Dod overspent by roughly $529 million in 2022 – for Ukraine…  Someone is seriously lying somewhere….

The very Independent Audit done for the Department of Defense is conducted by the US Government’s Inspector General Office.   The current head of the Inspector General Office is Michael Horowitz, a Jewish Harvard Lawyer appointed by Obama.  His career was noteworthy in that it was quite indistinct.   The Inspector General Office is tasked with conducting investigations of all employees – within itself.   The purpose of which is to identify waste, abuse, integrity…   There is no term limit for this position.  Perusing the current cases on the docket for the Inspector General, and the vast majority are prison related…

Fines and penalties captured by these various agencies, including the Inspector General Office can go to the General US Treasury, or… they can be disbursed by the agency to ‘programs to help victims’.   No accounting involved…

For example:  The fine allocations differ for each department and can sometimes go to programs that help victims. When the Securities and Exchange Commission fined J.P. Morgan $13 billion in 2013,  $2 billion went to the U.S. Treasury to settle claims, $7 billion went to state and federal housing agencies and $4 billion went to help struggling homeowners.

There are two relative abnormies:   1.   if the Inspector General is ONLY allowed to investigate within itself how could it bring a case against JP Morgan – unless JP Morgan was a government banking entity… And 2.   Why don’t US Taxpayers have a shred of a say?   But we are supposed to believe the disposition of these extraordinary fines in the billions annually, despite no evidence that this revenue showed up on any Agency Financial Statement.  We just accept – pinky swear.

How much is skimmed off the top of these black books transactions?   Trillions?  Who is being paid off?  Does the money just go back to the Banker under the table?

According to JP Morgan’s Financial Report for 2013 – their legal costs, including representation and related fees, amounted to a total of $8.5 billion.   Assets under management were $2.3 Trillion – and life was GOOD.   Eliminating legal costs to fight the lawsuit, there is a government surplus of $5 billion not paid  by JP Morgan.   Why would the government artificially inflate/create revenue?

From an accounting standpoint artificial inserts are typically called plugs – “PLUGS are used when the assets and liabilities don’t align” and it will cost more to find the error(s) than to push a plug.   If the BS is short on assets to liabilities = the equalizer would be a PLUG.  As in plug the hole.   Normal corporations might plug anywhere from $hundreds to $multiple hundreds of thousands… maybe.   But no reputable CPA would sign off on those sort of numbers.

VOILA!   A Government Sign-off….  Problem Solved.

It is fair to conclude that every succeeding member of Congress has some knowledge of this flim-flam job and voluntarily chooses to ignore these massive failures… How much does that cost?   More than we want to imagine.

The problem with hiring 22 million people is you now must bribe – 22 million people.   That could get quite expensive.  And the depth of the Black Books becomes unfathomable.   A century of fakery.  90% of my job history was fixing.   Every corporation no matter how elite tended to hire their friend’s step-brother’s neighbor whose daughter knows somebody that took an accounting course in high school….  And then they can’t quite wrap it around their pea-brain that maybe the IRS won’t accept a plug of $15,000,000 on Assets of $150,000,000…  DANG.

They always have – hope…

Anywho.   I have expressed myself extensively with regard to ‘algorithms’ – unfavorably.   Do Algorithms create Federal Agency Financial Statements?   Technically, it is quite feasible.   Just a Thought —-