8.5 Trillion Dollars? Now; that´s real money

[bryant.coleman]

Well, it´s 19 years of "accounting" actually. And Uncle Sam´s Mickey Mouse budgets always have megatons of "off balance sheet" items anyway.

Still hard to believe that no one actually conducted a comprehensive audit of these items in the past two decades time. If a honest audit is allowed to be conducted (the chances of which are quite low, as per my understanding), thousands of high ranking officials are going to be in trouble (including some of the big names).

Still wondering why this news is not being covered by the mainstream media. 

[galdur]

Well, it´s 19 years of "accounting" actually. And Uncle Sam´s Mickey Mouse budgets always have megatons of "off balance sheet" items anyway.

Still hard to believe that no one actually conducted a comprehensive audit of these items in the past two decades time. If a honest audit is allowed to be conducted (the chances of which are quite low, as per my understanding), thousands of high ranking officials are going to be in trouble (including some of the big names).

Still wondering why this news is not being covered by the mainstream media.  

Wake up man, it´s fucking mob country where retards vote for homicidal maniacs, kleptocrats and psychopaths and have for decades. Mainstream media? Are you kidding?

[galdur]

F35, The Jet That Ate the Pentagon

by Wolf Richter • April 21, 2015

“We don’t know where all the money is going.”

The F-35 is the most expensive weapons program in history, with a total cost of $1.5 trillion, that has turned into a total fiasco.

So here is an 8-minute documentary (with some cool footage of the thing flying, landing vertically, etc.) to give you the willies about how the system works, and what’s wrong with it.

Note the term, “concurrent development.” It’s a key concept – and at the core of why this deal went haywire.

http://wolfstreet.com/2015/04/21/f35-jet-that-ate-the-pentagon-concurrent-development/

[galdur]

 

....This is the second installment in a series in which Reuters delves into the Defense Department’s inability to account for itself. The first article examined how the Pentagon’s record-keeping dysfunction results in widespread pay errors that inflict financial hardship on soldiers and sap morale. This account is based on interviews with scores of current and former Defense Department officials, as well as Reuters analyses of Pentagon logistics practices, bookkeeping methods, court cases and reports by federal agencies.

As the use of plugs indicates, pay errors are only a small part of the sums that annually disappear into the vast bureaucracy that manages more than half of all annual government outlays approved by Congress. The Defense Department’s 2012 budget totaled $565.8 billion, more than the annual defense budgets of the 10 next largest military spenders combined, including Russia and China. How much of that money is spent as intended is impossible to determine.

In its investigation, Reuters has found that the Pentagon is largely incapable of keeping track of its vast stores of weapons, ammunition and other supplies; thus it continues to spend money on new supplies it doesn’t need and on storing others long out of date. It has amassed a backlog of more than half a trillion dollars in unaudited contracts with outside vendors; how much of that money paid for actual goods and services delivered isn’t known. And it repeatedly falls prey to fraud and theft that can go undiscovered for years, often eventually detected by external law enforcement agencies.....

http://www.reuters.com/investigates/pentagon/#article/part2

[kuroman]

8.5 Trillion? that's too weak, kindly remind me of US total debt ? :^^

Ok watch this crazy numbers http://www.usdebtclock.org/
that figure which is almost reaching 62 trillion is nasty !!

[username18333]

In other words, a standard wing doesn't do it by standard wing physics. Rather, the standard wing is simply a glorified propeller that happens to not be rotary, right?

(Sorry, that elucidation was [mostly] irrelevant prior this one.) Air pressure is the result of the "meanderings" of "air" molecules. In the case of an enclosed environment, the particles would "meander" "down" upon the enclosure as well as meander "up" unto the rotor - counteracting lift.

[bryant.coleman]

Wake up man, it´s fucking mob country where retards vote for homicidal maniacs, kleptocrats and psychopaths and have for decades. Mainstream media? Are you kidding?

That's true. The American mainstream media is one of the most biased in the world (especially MSNBC, CNN, CNBC.etc). But what surprises me is the attitude of the normal Americans. 90% of them refuse to protest against any of this, despite knowing the fact that it is their hard earned tax money, which is being stolen.

[username18333]

90% of them refuse to protest against any of this, despite knowing the fact that it is their hard earned tax money, which is being stolen.

“Tax revenue” is a form of collateral for the loans provided to governments by central banks.

[Lauda]

Wake up man, it´s fucking mob country where retards vote for homicidal maniacs, kleptocrats and psychopaths and have for decades. Mainstream media? Are you kidding?

That's true. The American mainstream media is one of the most biased in the world (especially MSNBC, CNN, CNBC.etc). But what surprises me is the attitude of the normal Americans. 90% of them refuse to protest against any of this, despite knowing the fact that it is their hard earned tax money, which is being stolen.

This is also something that I was dazzled with. Quite a decent percentage of them are now aware of the spying that is being done on them, but they don't care? I guess describing them with the word 'sheep' is more fitting than ever.

8.5 Trillion? that's too weak, kindly remind me of US total debt ? :^^

Ok watch this crazy numbers http://www.usdebtclock.org/
that figure which is almost reaching 62 trillion is nasty !!

Nothing surprising there. However this number shouldn't be disregarded at all. They have either lost this amount of money (showing signs of corruption) or they have been doing secret projects everywhere that nobody really knows anything about.

[galdur]

Well, they haven´t really lost 8.5 trillion dollars it´s more a question of extremely shoddy bookkeeping. They haven´t been able to square the books for like forever. The management must be eminently and chronically weak. And since it´s allowed to remain so for decades it follows that the mess is being used to hide both massive fraud and probably also some projects that can´t really see the light of day much.

Who´s really in charge?

[TinEye]

It's nothing compared to how much Satoshi Nakamoto own in BTC , It just need a huge pump (like so huge) compared to the current price 

what you're talking about, satoshi hold at best 2M, which is 400M dollars, not even close to 8.5 trillion, and it does not matter in the case that you consider it short scale or long scale it is still far away form it

8.5 Trillion? that's too weak, kindly remind me of US total debt ? :^^

Ok watch this crazy numbers http://www.usdebtclock.org/
that figure which is almost reaching 62 trillion is nasty !!

funny how besides their debt keeps going up, the usd is still the strongest fiat, there is nothing that can make it collapse at this point, if that huge debt isn't doing it

[bryant.coleman]

Nothing surprising there. However this number shouldn't be disregarded at all. They have either lost this amount of money (showing signs of corruption) or they have been doing secret projects everywhere that nobody really knows anything about.

I don't think that most of the money was lost to corruption. It seems that most of it was spent on classified projects, all over the world. The United States have been doing all sort of dirty work around the world for the last 70 years or so. This includes bribing local dictators and politicians, and supporting terrorist organizations. All this require money.