SINCE 9/11, THE US GOVT HAS ‘LOST’ $58,000 —EVERY SINGLE SECOND

SOURCE: RACHEL BLEVINS @ FREE THOUGHT PROJECT

When U.S. Defense Secretary Donald Rumsfeld revealed that the Pentagon was missing $2.3 trillion on Sept. 10, 2001, it seemed like a massive amount—little did the American people know that the events that would occur the next day would wipe the missing money from the headlines, and over the next 16 years, the amount of money the government is missing would increase at a rate in excess of $58,000 per second.

While $2.3 trillion may seem like a lot, another government agency admitted to losing triple the amount in 2009, when former Inspector General Elizabeth Coleman admitted that the Federal Reserve could not account for $9 trillion.

“I have a copy of the Inspector General Act here in front of me. It says, among other things, that it’s your responsibility to conduct and supervise audits and investigations related to the programs and operations of your agency,” Former Rep. Alan Grayson said during a special hearing.

“That’s correct,” Coleman replied.

“So I’m asking you, if your agency has, in fact according to Bloomberg, extended 9 trillion dollars in credit—which, by the way, works out to $30,000 for every single man, woman and child in this country—I’d like to know, if you’re not responsible for investigating that, then who is?” Grayson inquired.

“We have responsibility for the Federal Reserve’s programs and operations—to conduct audits and investigations in that area,” Coleman replied. She went on to claim that she could not comment about specific details while the Federal Reserve was in the middle of a review.

Even when Rep. Grayson specifically asked, “Are you telling me that nobody at the Federal Reserve is keeping track on a regular basis of the losses that occur on what is now a 2-trillion-dollar portfolio?” IG Coleman refused to give him a straight answer.

The Pentagon has only continued to lose money by the trillions since 9/11, and a recent report analyzing the budgets of the Department of Defense (DoD) and the Department of Housing and Urban Development (HUD) shows that the total is now more than $21 trillion.

The report attributes the missing funds to a series of “unsupported journal voucher adjustments” made to the departments’ budgets. These adjustments are not tied to specific accounting transactions, but they are often included in account summaries to cover for balances between systems that cannot be reconciled.

As The Free Thought Project has reported, not only is it likely that the actual amount of money the DoD and HUD cannot account for is much higher than $21 trillion, due to the fact that researchers did not have access to complete data, but the practice of creating counterfeit adjustments appears to be standard procedure.

“Perhaps even more troubling than the total amount lost is the fact that fraudulent behavior from HUD and DOD seem to be the standard operating procedure. In fact, the accounting for these funds is so poor, that as Reuters notes, the Defense Finance and Accounting Services (DFAS) refers to the preparation of the Army’s year-end statements as the grand plug’ — ‘plug’ is accounting jargon for the insertion of made-up numbers.

 

For every transaction, a so-called ‘journal voucher that provides serial numbers, transaction dates and the amount of the expenditure is supposed to be produced. The report specifies that the agency has done such a poor job in providing documentation of their transactions, that there is no way to actually know how $21 trillion has been spent.”

When combining the $21 trillion lost by the DoD and HUD with the $9 trillion lost by the Federal Reserve, the grand total stands at more than $30,000,000,000,000 lost by the U.S. government since 9/11. 

When multiplying 60 seconds per minute, by 60 minutes per hour, by 24 hours per day, by the 5,947 days that have elapsed since Sept. 11, 2001, the result is approximately 513,820,800 seconds.

If the U.S. government has lost $30,000,000,000,000 in the 513,820,800 seconds since 9/11, then it has lost a total of $58,386 per second.

For the first time in its history, the Pentagon has announced that the Department of Defense is set to undergo a financial audit. However, as Audit the Pentagon Director Rafael DeGennaro noted earlier this year, the Pentagon has been promising to complete an audit for several years. 

“Over the last 20 years, the Pentagon has broken every promise to Congress about when an audit would be completed,” DeGennaro told the Guardian. “Meanwhile, Congress has more than doubled the Pentagon’s budget.”

Views: 105

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

cheeki kea favorited FREEDOMROX's blog post THE END: 2046
1 hour ago
cheeki kea commented on Doc Vega's blog post What is Consciousness and Does it Have to be In a Certain Body?
"Um err... is it whatever the brain believes it to be, will manifest. You know what, there really…"
4 hours ago
Sandy posted a video

The future of ai exposed in new ad 😱 *must see* #palantirtechnologies #ai #conspiracy

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.
9 hours ago
Doc Vega posted blog posts
13 hours ago
Doc Vega posted a blog post

Who was the Better Drummer Paul McCartney or Ringo?

 In contrast to the earlier interviews with Paul McCartney before the alleged fatal car accident in…See More
Wednesday
FREEDOMROX posted a blog post

THE END: 2046

Hello again my fellow travelers in life.     Today, I will not delve into politics, the economy,…See More
Tuesday
FREEDOMROX commented on FREEDOMROX's blog post Common Sense look at Elon gated Musk rat
"Just to show I am still around... :P"
Tuesday
FREEDOMROX favorited Doc Vega's blog post Why Was The TV Show “The Outer Limits” Such a Threat?
Tuesday
Doc Vega posted a blog post

The Undeclared Ongoing War With China

 Just one day after meeting with President Trump in China. Xi Ji Ping has a meeting with Russian…See More
Monday
Doc Vega's 2 blog posts were featured
Monday
tjdavis posted a photo
Monday
Doc Vega posted a blog post

The US Federal Government Who is Really in Charge? Tulsi Gets Raided?

 Just 24 hours ago the office of Intelligence Director, Tulsi Gabbard was raided by the CIA at…See More
May 15
tjdavis posted photos
May 14
tjdavis posted a blog post
May 13
Doc Vega posted a blog post

The Latest Craze

Their demonic little waysThe news is just a biased arrayThe higher taxes they want you to…See More
May 12
cheeki kea commented on cheeki kea's photo
Thumbnail

A Banished Poet

"An interesting snippet from world poetry day this year to learn of the first poet excited from the…"
May 12
cheeki kea posted a photo
May 12
cheeki kea commented on Sandy's photo
Thumbnail

FB_IMG_1772349325558

"Good Point!  Our Indo European friends in Iran gave the devil a good write down ( and Jesus a…"
May 11
Doc Vega posted blog posts
May 11
Burbia's blog post was featured

How much money makes anyone have a god complex?

Trump makes a meme of himself as Jesus Christ. Soros says he fancied himself a sort of god.In 2004,…See More
May 10

© 2026   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted