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"Unsupported accounting entries" are the adjustments made
in accounting records to force the books to balance when they don't
add up, for example when:
Trillions of dollars in "unsupported adjustments" is literally
trillions of dollars in public funds, assets, or guarantees missing,
misplaced, or stolen from the government without a trace. Whether
the US Treasury or the bank where you keep your savings – it is
unethical and criminal for any institution entrusted with our money
to lose track of it with no meaningful effort to clean up their act
and get our money back.
When a company fails an audit, we stop investing our money in it and
at some point, if it continues, we stop buying its products and services.
The government makes sure it gets complete information about the taxpayer's
money, and then it makes sure it gets the money – if need be it
simply steps in and takes the money by attaching salaries or seizing
assets. And, the taxpayer may be indicted, prosecuted and imprisoned.
But is the IRS internal financial management team held to the
same level of scrutiny when the IRS is audited?
The US government is required by law to conform to the same standard,
but this is not taken seriously. We continue as if nothing is wrong,
buying government securities, paying our taxes, and using US currency.
We continue to reelect representatives who take no action to enforce
the law in the government agencies or the US Treasury, and who continue
to appropriate funds to those agencies. The bureaucrats who run these
systems continue to get their salaries and cash bonuses. The contractors
running their faulty accounting and computer systems continue to get
paid hundreds of millions of dollars, and continue to get new contracts.
And their investors continue to make money on their stocks. Hence, everyone
involved keeps getting their paycheck, their cash bonuses, their stock
options and stock profits.
Under the US Constitution, we are responsible. We elect representatives
and it is our job to hold them responsible and accountable. We pay taxes
and it is our job to find enforcement mechanisms if our tax money is
being used improperly or illegally. We have allowed our top government
officials to pass the buck or turn a blind eye. And we have let the
bad guys keep all the accumulated loot and power that belongs to us,
the people.
This is simply where our research began. Send resources, and we will
keep going! We do know that 20 federal agencies have been cited for
seriously unreliable financial systems, and given the breakdown in checks
and balances throughout Congress, Treasury, Justice, and the oval office,
we suspect this might be government-wide.
We have so far documented $3.3 trillion missing at DOD and HUD....and
counting.
For accounting errors to be legitimate, they must be subject to a
materiality standard -- a standard rule of thumb dictating
whether errors are immaterial (acceptable) or material (unacceptable).
A standard of 1-3% of an operation's budget could be argued as immaterial.
Hard to say that about adjustments that are greater than 100% of the
annual budget! And in any case no amount is "immaterial" to
the people and living things that are suffering due to lack of funds
for important federal programs.
This can happen when a federal government is experiencing the financial
equivalent of a coup d'etat. Our number one favorite to win is federal
credit fraud -- government insiders issuing securities or guarantees
privately or fraudulently -- combined with central bank complicity in
printing currency and manipulating the gold market. Stealing inventory
to sell, such as tanks, jeeps, and weaponry, is also a good bet. Federal
credit and inventory are physical assets that are separate from the
budget, and are generally much larger than the annual budget.
When financial corruption grows into financial coup d'etat, there
is a reason to get alarmed. The house is burning down. The financial
pressure to abrogate social and political commitments increases and
the result can be a breakdown of infrastructure or violence.
If all of your retirement savings and financial safety net can be
stolen, then you and your family are not safe.
The amount missing is staggering, and the implications are staggering.
Trillions of dollars missing from the US government is draining our
family and community resources like a hole in the milk bucket, where
no one is stopping to fix the hole, we just keep filling it up with
more tax dollars, and the bad guys get to keep reaping the benefits.
This is syphoning funds from much needed programs and services, jacking
up the deficit, stiffing the average citizen with making up the difference
(including hidden costs), and putting our families and communities at
risk, especially vulnerable to predatory corporate interests.
By illuminating "how the money works" and then reversing
the flow.
Yes, of course. We can and we must get the money back. The
primary thing stopping us is the belief that we can not get it back.
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