Thursday, August 29, 2024

The Financial State of America is Grossly Catastrophic

 Read full text: https://helenaglass.net/2024/08/22/the-financial-state-of-america-is-grossly-catastrophic/

 
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.