The Ukraine War Is A Sales-Promotion Campaign For Lockheed And Other U.S. 'Defense' Contractors
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Source: The Cradle
Pentagon fails to pass new financial audit, unable to account for over $2 trillion in assets
As Washington's yearly defense budget hurtles towards the $1 trillion mark, the DoD continues to operate with little to no oversight of its spending practices
By News Desk | November 23 2022
(Photo credit: Renzo Velez/POGO)
The US Department of Defense has, for the fifth straight year, failed to pass a financial audit, with only seven out of the Pentagon's 27 military agencies receiving a passing grade.
"We failed to get an 'A'," Mike McCord, the Pentagon's comptroller and chief financial officer, told reporters last week, announcing the results of the Pentagon's fifth-ever financial audit.
"I would not say that we flunked," he added, despite his office acknowledging that the Pentagon only managed to account for 39 percent of its $3.5 trillion in assets.
With this failure, the Pentagon has kept its spot as the only US government agency to have never passed a comprehensive audit. It also highlights the US war department’s persistent lack of internal financial control, its poor budget estimations and rampant overspending.
A clear example of this is the F-35 program, which has gone over its original budget by $165 billion to build a plane tasked to perform many different tasks, none of which it does well.
The Pentagon is slated to buy more than 2,400 F-35s for the Air Force, Marines, and Navy. The estimated lifetime cost for procuring and operating these planes – $1.7 trillion – would make it the Pentagon's most expensive weapons project ever.
A 2021 Pentagon assessment of the F-35 found 800 unresolved defects in the plane.
There is also the current plan to expand Washington's ship production, as part of the Pentagon's obsession with preparing for a potential war with China.
While the Pentagon estimates the average cost of this shipbuilding initiative to be $27 billion per year between 2023 and 2052, the Congressional Budget Office (CBO) contends this, claiming that the average annual cost of the plan will be over $31 billion, meaning the Navy is underestimating costs by $120 billion.
Furthermore, in 2019 alone, the Pentagon made $35 trillion in accounting adjustments – a figure larger than the entire US economy.
Please go to The Cradle to continue reading about the pentagon's black hole.
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Pentagon black holes and it hasn't stopped since 1947. Here is a $2.3 trillion black hole announced in 2001, one day before the flying events of September 11, 2001 took the US corporate military machine into Iraq and Afghanistan. Listen to how glibly these corporate communists talk about this money. Makes your friggin' head spin...
These US corporate communists (Armed Services Committee) claiming to be "representatives" are likely connected to war contractors like General Atomics. Perfect, just what the Nazi regime in Kiev needs to fight US war contractor's proxy war on Russia through the Pentagon. About $22 million per MQ-1C Gray Eagle. Russia will know where the drones are if they are sent so look for news of one of these "bipartisan-decided" $22 million babies getting shot down over Ukraine.
More ammunition for the Ukronazis in Kiev please....this is war. The US through their NATO vassal are turning Ukraine into a vast dumping ground for huge amounts of weapons and munitions:
NATO chief says bloc ratcheting up production of Soviet-era ammo for Ukraine
NATO chief says bloc ratcheting up production of Soviet-era ammo for Ukraine
Kind of makes one wonder if their aren't highly sensitive private intelligence networks in place between the US and Russia to get this war in Ukraine really cooking so that Russia can roll out its recent developments in weapons especially missiles and for the US to profit off the war? How many people know there exists a battalion inside the Russian PMC Wagner Group that consists of British mercs and commanded by an American citizen and ex-general out of the Marine Corps? This war in Ukraine is so hybrid does anyone really know what the hell is going on? It's just business.
Some related and intriguing input indicating the Bank of International Settlements (BIS) is dictating the circumstances in Ukraine:
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