Saturday, August 20, 2016

Report Shows TRILLIONS of Dollars of Incorrect Accounting Adjustments by U.S. Army

It is difficult to think this is not the result of theft on steroids by military authorities

The Defense Department’s Inspector General says the U.S. Army's finances were so out of order in 2015 that it had to make trillions of dollars of accounting adjustments in an attempt to cover up sloppy spending, reports The Daily Beast.

According to a report released in June, in one quarter alone in 2015, the Army made $2.8 trillion in wrongful adjustments, and $6.5 trillion for the whole year. Yet no receipts or documents were provided to back up the figures, the report said, leaving the impression that the numbers were simply made up. The report focused on the Army’s General Fund, the bigger of its two accounts.

 According to the June report, the Inspector General has gotten used to including a disclaimer on all military financial reports: “The basic financial statements may have undetected misstatements that are both material and pervasive.”



  1. Does any of this really matter? What we call 'money' a product conjured at a whim, increasingly means nothing.
    Think about it.

  2. I'm hardly an expert, but if recollection serves correctly, a private company that did this would be guilty of fraud, wouldn't they?

    Most private companies that provide audited financials work very hard to avoid anything but an unqualified opinion on their statements. (Again, from my experience only).

  3. In every empire the praetorians must be paid first. If not in their right hands, then in their left.

  4. Donald Rumsfeld announced something similar the day before 9/11 and then all the records were destroyed by the plane or missile that slammed into the Pentagon.