Category Archives: money

$10 Trillion Missing from Pentagon and No One — Not Even the DoD — Knows Where It Is

$10 Trillion Missing from Pentagon and No One — Not Even the DoD — Knows Where It Is

Over a mere two decades, the Pentagon lost track of a mind-numbing $10 trillion — that’s trillion, with a fat, taxpayer-funded “T” — and no one, not even the Department of Defense, really knows where it went or on what it was spent. Even though audits of all federal agencies became mandatory in 1996, the Pentagon has apparently made itself an exception, and — fully 20 years later — stands obstinately orotund in never having complied.

The Pentagon has never been audited. That’s astonishing
March 20, 2017, The Guardian (One of the UK’s leading newspapers)
https://www.theguardian.com/commentisfree/2017/mar/20/pentagon-never-audited…

On Thursday, Donald Trump released a preliminary budget proposal that calls for a $52bn increase in military spending. But just last December, a Washington Post investigation found that the Pentagon had buried a report that outlines $125bn in waste at the Department of Defense. Although it’s required to by law, the DoD has never had an audit, something every American person, every company and every other government agency is subject to. The result is an astounding $10tn [that $10 trillion!] in taxpayer money that has gone unaccounted for since 1996. “Over the last 20 years, the Pentagon has broken every promise to Congress about when an audit would be completed,” the director of the Audit the Pentagon coalition, Rafael DeGennaro, told the Guardian. “Meanwhile, Congress has more than doubled the Pentagon’s budget.” Legislation in the early 1990s demanded that all government agencies had annual audits, but the Pentagon has exempted itself without consequence for 20 years now. In the meantime, the GAO and Office of the Inspector General (IG) have published an endless stream of reports documenting financial mismanagement: $500m in aid to Yemen lost here, $5.8bn in supplies lost there, $8,000 spent on helicopter gears that really cost $500. During this past election cycle, both the Democratic and Republican platforms called for the Pentagon’s audit. But despite broad support, the issue has remained stagnant in Washington.

Note: When every business in the country and every other branch of government is required to account for every dollar, how can the Pentagon get away with failing to account for literally trillions of dollars year after year? For more along these lines, see concise summaries of deeply revealing military corruption news articles from reliable major media sources.

Stocks All Time High = Obligated Current Debt

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“War will not end in any of our, or our children’s lifetimes!” VP Dick Cheney  2/24/2006

Trump to Seek $54 Billion Increase in Military Spending!!!

S&P 500 tops $20 trillion

U.S. equity indexes hit record highs on Monday, with the benchmark S&P 500’s market value topping $20 trillion as investors bet tax cuts promised by President Donald Trump would boost the economy.

Trump vowed last Thursday to make a major tax announcement over the next few weeks, adding fuel to a rally that had stalled amid worries about the potential impact of his protectionist trade stance and a lack of clarity about other policy reforms.

The S&P 500 has surged about 9 percent since Trump’s Nov. 8 e160712111733-stocks-record-high-00010007-1024x576lection, boosted by expectations he would lower corporate taxes, ease regulations governing banks and increase infrastructure spending.

Trump has also held high-profile meetings with senior executives from automakers and Silicon Valley technology companies.

“Day after day, corporate executives from a variety of industries are being brought to the White House to consult with the president. Business does seem to be back in the driver’s seat, and I think that’s why people are willing to pay up a little bit more for stocks,” said Jamie Cox, managing partner of Harris Financial Group in Richmond, Virginia.

National Debt Tops $19.9 Trillion for First Time – Newsmax.com

Nov 30, 2016 – Federal Debt Tops $19900000000000—On Black Friday. … The national debt will hit $20 trillion after the next president is sworn in next year

How We Got Here In One Sentence

In every annual budget debate since the 1980s, one side figures out that the way to get what it wants – which is higher spending – is to frame the request in a particular, ingenious way: We have to borrow and spend way more now if we want to borrow and spend way less later.

Warren Buffett says investment gains will continue to be ‘substantial,’ applauds ‘miraculous’ US economy

Black Monday (1987) – Wikipedia

Internet of Things; Chips Tracking All

Image result for internet of things

Former CIA director David Petraeus admitted to the tech community that the Internet of Things (IoT) was about to become one of the greatest assets in the spy community – as an endless pool of data could turn the tables on any ‘persons of interest.’

In other words, maybe you. As Wired reported in 2012:

More and more personal and household devices are connecting to the internet, from your television to your car navigation systems to your light switches. CIA Director David Petraeus cannot wait to spy on you through them.

Earlier this month, Petraeus mused about the emergence of an “Internet of Things” — that is, wired devices — at a summit for In-Q-Tel, the CIA’s venture capital firm. […]

All those new online devices are a treasure trove of data if you’re a “person of interest” to the spy community. Once upon a time, spies had to place a bug in your chandelier to hear your conversation. With the rise of the “smart home,” you’d be sending tagged, geolocated data that a spy agency can intercept in real time

“Items of interest will be located, identified, monitored, and remotely controlled through technologies such as radio-frequency identification, sensor networks, tiny embedded servers, and energy harvesters — all connected to the next-generation internet using abundant, low-cost, and high-power computing,” Petraeus said.

More and more of these smart chips are being integrated into absolutely every imaginable device.

Unless you are investing in vintage equipment, you will be buying into this system, even with basic appliances.

As Sargent Survival at BeSurvival.com explains, getting out of the system is no easy task. Any serious attempt to “delete” yourself from the system actually go undetected would involve some very methodical footwork.

Not impossible, but not the default by any means:

  • There are 30 million plus surveillance cameras on the US, one camera for every ten Americans.
  • The average American is in 200 databases.
  • Putting a plan in motion to keep you from being tracked is a good idea if you want to devise a new life for yourself
  • Right before you leave, change your appearance significantly
  • Before you leave, terminate all of your accounts (email, bank accounts, credit cards, etc).
  • Don’t terminate your social network sites as you can use these sites to provide disinformation.
  • Before you leave, delete all of your computer files and get rid of your computer’s hard drive  – boil; smash; run a Degausser/ electromagnetic wand
  • Get rid of your cell phone or tablet as these can be easily used to track your location
  • Break your normal patterns (what you eat, where you frequent, how you shop, the kind of work you do, etc).
  • Completely change your lifestyle [and employment]
  • Pay for everything with cash.
  • Ditch your car and find a substitute; get rid of the toll pass which can track your movements
  • To change your identity … petition the court to change your name legally to a new–and common–name.
  • Apply for a driver’s license under your new name.
  • Buy a basic pre-paid cell phone (not a smart phone). Replace the pre-paid phone frequently, about every 2 weeks.
  • To get back online use a new laptop. Stay away from libraries!
  • Always use a hard wire to your laptop and turn off the wi-fi; reroute your ip address so your location can’t be determined
  • Be aware of the NSA spying and the ECHELON program in the US which monitors phone and computer transmissions for keywords and messages.
  • There are 70+ FUSION centers in the US which coordinate surveillance and other information.
  • Technology is now available to identify you by the way you walk, your facial measurements and biometrics
  • It will be 7 to 10 years before your old identity drops off of databases, if ever.
  • The less you interface with technology, the better off you will be.
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An alarming report in 2013 highlighted concerns over some Chinese-made irons and tea kettles that included wireless spy chips… for purposes unknown, since these devices are not “smart” gadgets with computer interfaces and high-dollar functionality.

via AndroidHeadlines.com:

To this date, Qualcomm has shipped over a billion of Internet of Things (IoT) chipsets, the San Diego-based semiconductor manufacturer revealed on Tuesday. While speaking at the CES Unveiled press event yesterday, the company’s Senior Vice President of Product Management Raj Talluri said that the firm is already serving all segments of the IoT industry, from smart TVs and thermostats to connected speakers, wearables, and home assistants. Talluri specifically pointed out that smartphones and tablets aren’t included in the one billion figure.

Qualcomm’s impressive shipment numbers are mostly driven by the company’s presence in the wearable industry… numerous consumer electronics manufacturers are already implementing the cutting edge Snapdragon 835 chipset into their products…

As this chart demonstrates, the Internet of Things (IoT) will literally incorporate devices throughout consumer & home, retail, security and surveillance, IT and networking, transportation and industry, healthcare, energy.

Continue reading

The FUTURE is approaching faster than one can handle….!

 

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2017; The Year the Ministry of Truth Shuts Off Alt.

The Legalization of Child Pedophilia; A Very Sick World

California is Dying; So Goes our World

A fascinating perspective on the near future and its effect on various industries and people:

 

The FUTURE is approaching  faster than one can handle….!

 

In 1998, Kodak had  170,000 employees and sold  85% of all photo paper worldwide.  Within just a few years,  their business model disappeared and they went bankrupt.
What  happened to Kodak will happen in a lot of industries in the next 10 years and, most people  won’t see it coming.
Did you think in 
1998 that 3 years later you would never  take pictures on film again?

Yet digital cameras were  invented in 1975.  The first ones only had  10,000 pixels, but followed Moore’s law.  So as with all exponential technologies, it was a disappointment for a time, before it became way superior and became mainstream in only a few short years. 

It will now happen  again with Artificial Intelligence, health, autonomous and  electric cars, education, 3Dprinting, agriculture and  jobs.   Welcome to the 4th Industrial Revolution.  Welcome to the Exponential  Age .      

 

Software will disrupt most  traditional industries in the next 5-10 years.

 

Uber is just a software tool,  they don’t own any cars, and are now the biggest  taxi company in the  world.

 

Airbnb is now the biggest hotel  company in the world, although they don’t own any  properties.

 

Artificial  Intelligence:  Computers become exponentially better in understanding the world .  This year, a computer beat the best Go-player in the world,  10 years  earlier than expected.

 

In the US , young   lawyers already don’t get jobs.   Because of IBM’s Watson, you can get legal advice  (so far for more or less basic stuff) within seconds, with  90% accuracy compared with  70% accuracy when done by  humans.

 

So if you study law, stop  immediately.  There will be 90% less lawyers in the  future, only specialists will  remain.

 

Watson already helps nurses diagnosing cancer,  its 4 times more accurate than  human nurses.

 

Facebook now has a  pattern recognition software that can recognize faces  better than humans. In 2030, computers will become more intelligent than humans.

 

Autonomous  cars  : In  2018 the first self driving cars  will appear for the public. Around 2020, the complete industry will  start to be disrupted. You don’t want to own a car  anymore.  You will call a car with your phone, it will show up at your  location and drive you to your destination. You will not need to  park it, you only pay for the driven distance and can be  productive while driving.

 

Our kids will never get a  driver’s licence and will never own a car.

It will change the cities,  because we will need 90-95% less cars for that.  We can transform former parking spaces into parks.

 

1.2 million people die each  year in car accidents worldwide.  We now have one accident every 60,000  miles  (100,000 km), with autonomous driving that will drop to 1 accident in  6million miles  (10 million km). That will save  a million lives each  year.

 

Most car companies will  probably become bankrupt.  Traditional car companies  try the evolutionary approach and just build a better car, while tech companies (Tesla, Apple,  Google)  will do the revolutionary approach and build a computer on  wheels.

 

Many engineers from  Volkswagen and Audi; are completely terrified of Tesla.

 

Insurance  companies will have massive trouble  because without accidents, the insurance will become  100x cheaper. Their car insurance business model will disappear.

 

Real  estate  will change. Because if you can work while you commute, people  will move further away to live in a more beautiful neighbourhood.

 

Electric cars will become  mainstream about 2020.  Cities will be less noisy  because all new cars will run on electricity.

 

Electricity will become  incredibly cheap and clean:  Solar production has been  on an exponential curve for 30 years, but you can now see the burgeoning impact.

 

Last year, more solar energy  was installed worldwide than fossil.  Energy companies  are desperately trying to limit  access to the grid to prevent competition from home solar  installations, but that can’t last.  Technology will take care of  that strategy.

 

With cheap electricity comes  cheap and abundant water. Desalination   of salt  water now only needs 2kWh per cubic meter (@  0.25 cents). We don’t have  scarce water in most places, we only have scarce drinking water.   Imagine what will be possible if anyone can have as much clean water as he wants, for nearly no cost.

 

Health: The  Tricorder  X price  will be announced this year.  There are companies who will build a  medical device (called the “Tricorder” from Star Trek) that works  with your phone, which takes your retina scan, your blood sample  and you breath into it.

 

It then analyses  54 bio-markers that will identify nearly  any disease..  It will be cheap, so in a  few years everyone on this planet will have access to world class  medical analysis, nearly for free Goodbye, medical  establishment.

 

3D printing: The price of the cheapest 3D printer came down from  $18,000 to $400 within 10 years. In the same time, it  became 100 times faster. All major  shoe companies have already started 3D printing  shoes.

 

Some spare airplane parts  are already 3D printed in remote airports.  The space station now has a printer that eliminates the  need for the large amount of spare parts they used to have in the past.

 

At the end of this year, new  smart phones will have 3D scanning possibilities. You can then 3D scan your feet and print  your perfect shoe at home.

 

In China, they already 3D printed and built a  complete 6-storey office building.  By  2027, 10% of everything that’s being   produced will be 3D printed.

 

Business  opportunities: If you think of a niche  you want to go in, first ask yourself: “In the future, do I think we will have that?” and if the answer is yes, how can you make that happen sooner?

 

If it doesn’t work with your phone, forget the idea.  And any idea designed for success in the 20th century is doomed to failure in the 21st century.

 

Work : 70-80% of jobs will disappear in  the next 20 years. There will be a lot  of new jobs, but it is not clear if there will be enough new jobs in such a short time.  This will require a rethink on wealth distribution.              

 

Agriculture: There will be a $100 agricultural robot in the future. Farmers in 3rd world countries can then  become managers of their field instead of working all day on their  fields.

 

Aeroponics will need much less water.  The first Petri dish produced veal, is now available and will be  cheaper than cow produced veal in 2018. Right now, 30% of all agricultural  surfaces is used for cows.  Imagine if we don’t need that space  anymore.

 

There are several start-ups  who will bring insect protein to the market shortly.  It contains  more protein than meat. It will be labelled as “alternative protein source”  (because most people still reject the idea of eating  insects).

 

There is an app called “moodies” which can already tell in  which mood youre in.  By   2020 there will be apps that can  tell by your facial expressions, if you are lying.  Imagine a  political debate where it’s being displayed when  theyre telling the truth and  when theyre not.

Cashless Society Cometh…No, It’s Here!!! E-Current-Sea

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Venezuela Pulls Highest-Value Banknote, Closes Border with Colombia

December 13th, 2016

Via: CNN:

Venezuela just made it harder for its citizens to escape the country’s cash crisis.

President Nicolas Maduro announced Monday night that he’s closing the country’s border with Colombia for 72 hours as Venezuelans rush to exchange bills before they become invalid later this week. He accused “mafias” of moving Venezuelan money into Colombia.

It’s the latest twist in a crisis that symbolizes Venezuela’s severe economic depression, which is having a brutal impact on its citizens’ lives.

The Venezuelan government said in a statement that shutting the border with Colombia was necessary “to counteract the criminal attacks against our currency.”

Some Venezuelans are going to border towns in Colombia to exchange their currency, the bolivar, for U.S. dollars or to spend their money — while they still can — in Colombia where food, toiletries and other basics are plentiful.

fe-islave-apple

Canadians left with worthless rupees after India cancels certain bank

India to Replace Largest Bank Notes – WSJ

Japan to Use Fingerprint as Currency for Tourists

Europe to Remove 500-Euro Bill, the ‘Bin Laden’ Bank Note Criminals .

Father Of The Euro: Currency Will Collapse

Larry Summers, Former Fed Reserve Head: “Time to scrap $100 bill”

Norway, Sweden and Denmark Say “No” To Cash – CoinTelegraph

Barclays Is Getting Into Bitcoin With Goldman-Backed Circle

Judge Upholds “John Doe” Summons for IRS to Access All Bitcoin Users’ Private Records

AUSTRALIA COULD SCRAP THE $100 NOTE

December 13th, 2016

India. Venezuela.

Australia?

Via: New Zealand Herald:

Australia looks set to follow in the footsteps of Venezuela and India by abolishing the country’s highest-denomination banknote in a bid to crack down on the “black economy”.

Speaking to ABC radio on Wednesday, Revenue and Financial Services Minister Kelly O’Dwyer flagged a review of the $100 note and cash payments over certain limits as the government looks to recoup billions in unpaid tax.

Monday’s midyear budget update will include the appointment of former KPMG global chairman Michael Andrew to oversee a black economy taskforce. The black economy accounts for 1.5 per cent of GDP, given many cash payments are untaxed.

O’Dwyer told the ABC not only is the lost revenue owed to the Australian people for schools and hospitals, but it’s also critical for those who do the right thing and pay tax.

“The whole point of this crackdown on the black economy is to make sure we close down any potential loopholes,” she said.

Despite the broad use of electronic forms of payment, O’Dwyer warned there are three times as many $100 notes in circulation than $5 notes.

“It does beg the question, ‘Why?’” she said.