Tag: audit

House Democrats Launch Investigation into Maricopa County Audit

The results of the Maricopa county audit aren’t public but House Democrats and the entire Deep State apparatus are already planning an “investigation” to contest the results of the audit.

Panic in DC…

By Sundance via TheConservativeTreehouse

The DC Swamp is launching an investigation into the Maricopa County, Arizona, election and ballot audit.  This should not come as a surprise after several strategy sessions in DC between the White House, executive branch, congress and allied media have taken place.

The issue is: “how to keep the illegitimacy of the current regime from surfacing.” [pdf of letter to Arizona auditors here]

The 2020 U.S. election was filled with fraud; in order to retain that fraud extreme measures are now being taken to impede, block, halt and stop any election audit that will reveal the corrupt activity.   Congress has selected the House Oversight and Reform Committee to lead the effort against Arizona.  The Committee’s letter requests documents and communications related to Cyber Ninja’s audit procedures, funding sources, and related issues by July 28, 2021.

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If You Believe 60 Judges Turned Down “Stolen Election,” You’re Either an Idiot, or In On the Fix

By Wayne Root via TheGatewayPundit

Something remarkable is happening in America.

You can see what’s happening in Arizona, Georgia and New Hampshire with forensic audits happening, or about to happen. Many more are on the way.

Americans are finally seriously questioning the results of the 2020 election. The light bulb has gone off. Americans are starting to understand the 2020 presidential election was stolen. And they’re no longer afraid to say it out loud.

That is why the National Republican Congressional Committee just announced the greatest April fundraising haul ever in history.

That is why the latest Washington Examiner poll reports enthusiasm for Republican candidates in the 2022 midterm elections is ahead of enthusiasm for Democrats by double digits.

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The Pentagon’s Bottomless Money Pit

Guest Post by Matt Taibbi

When the Defense Department flunked its first-ever fiscal review, one of our government’s greatest mysteries was exposed: Where does the DoD’s $700 billion annual budget go?

pentagon bottomless money pit

A retired Air Force auditor — we’ll call him Andy — tells a story about a thing that happened at Ogden Air Force Base, Utah. Sometime in early 2001, something went wrong with a base inventory order. Andy thinks it was a simple data-entry error. “Someone ordered five of something,” he says, “and it came out as an order for 999,000.” He laughs. “It was probably just something the machine defaulted to. Type in an order for a part the wrong way, and it comes out all frickin’ nines in every field.”

Nobody actually delivered a monster load of parts. But the faulty transaction — the paper trail for a phantom inventory adjustment never made — started moving through the Air Force’s maze of internal accounting systems anyway. A junior-level logistics officer caught it before it went out of house. Andy remembers the incident because, as a souvenir, he kept the June 28th, 2001, email that circulated about it in the Air Force accounting world, in which the dollar value of the error was discussed.

Wanted to keep you all informed of the massive inventory adjustment processed at [Ogden] on Wednesday of this week. It isn’t as bad as we first thought ($8.5 trillion). The hit . . . $3.9 trillion instead of the $8.5 trillion as we first thought.

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Pentagon To Undergo First Ever Audit After Decades Of Sloppy Accounting And Missing Trillions

Tyler Durden's picture
by Tyler Durden
Dec 10, 2017 9:08 AM

After decades of waste, overpayments, trillions of missing or improperly accounted for dollars, and most recently losing track of 44,000 US soldiers, the Pentagon is about to undergo its first audit in history conducted by 2,400 auditors from independent public accounting firms to conduct reviews across the Army, Navy, Air Force and more – followed by annual audits going forward. 

Secretary of Defense Jim Mattis speaks with DoD Comptroller David L. Norquist, June 15, 2017

The announcement follows a May commitment by Pentagon comptroller David Norquist, who previously served as the CFO at the Department of Homeland Security when the agency performed its audit. “Starting an audit is a matter of driving change inside a bureaucracy that may resist it,” Norquist told members of the Armed Services Committee at the time when pressed over whether or not he could get the job done at the DHS.

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US Mint Releases New Fort Knox “Audit Documentation”: First Critical Observations

Submitted by Koos Jansen of BullionStar

 

US Mint Releases New Fort Knox “Audit Documentation”: First Critical Observations

In response to a FOIA request the US Mint has finally released reports drafted from 1993 through 2008 related to the physical audits of the US official gold reserves. However, the documents released are incomplete and reveal the audit procedures have not been executed proficiently. Moreover, because the Mint could not honor its promises in full the costs ($3,144.96 US dollars) of the FOIA request have been refunded.

Thanks to my readers that donated to the crowdfunding campaign I’ve been able to force the US Mint through a Freedom Of Information Act (FOIA) request to hand over documents related to the physical audits of the US official gold reserves stored at the Mint; also referred to as Deep Storage gold. Although the PDF-package digitally sent to me is redacted, incomplete, includes pages copied twice and materials I didn’t ask for, it’s the closest thing that I’ve ever seen to physical audit documentation of gold at Fort Knox and the other Mint depositories drafted in between 1993 and 2008.

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Donald Trump Is Right: Here Are 100 Reasons Why We Need To Audit The Federal Reserve

Submitted by Michael Snyder via The Economic Collapse blog,

When a leading nominee for President gets something exactly right, we should applaud them for it.  In this case, Donald Trump’s call to audit the Federal Reserve is dead on correct.  Most Americans don’t realize this, but the Federal Reserve has far more power over the economy than anyone else does – including Barack Obama.

Financial markets all over the planet gyrate wildly at the smallest comment from Fed officials, and virtually every boom and bust cycle over the past 100 years can be traced directly back to specific decisions made by the Federal Reserve.  We get all excited about what various presidential candidates say that they “will do for the economy”, but in the end it is the Fed that is holding all of the cards.  The funny thing is that the Federal Reserve is not even part of the federal government.  It is an independent private central bank that was designed by very powerful Wall Street interests a little over 100 years ago.  It is at the heart of the debt-based financial system which is eating away at America like cancer, and it has no direct accountability to the American people whatsoever.

The Fed has been around for so long that most people assume that we need it.

But the truth is that we don’t actually need the Federal Reserve.  In fact, the greatest period of economic growth in United States history happened during the decades before the Federal Reserve was created.

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Don’t Be Fooled by the Federal Reserve’s Anti-Audit Propaganda

Guest Post by Ron Paul
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In recent weeks, the Federal Reserve and its apologists in Congress and the media have launched numerous attacks on the Audit the Fed legislation. These attacks amount to nothing more than distortions about the effects and intent of the audit bill.

Fed apologists continue to claim that the Audit the Fed bill will somehow limit the Federal Reserve’s independence. Yet neither Federal Reserve Chair Janet Yellen nor any other opponent of the audit bill has ever been able to identify any provision of the bill giving Congress power to dictate monetary policy. The only way this argument makes sense is if the simple act of increasing transparency somehow infringes on the Fed’s independence.

This argument is also flawed since the Federal Reserve has never been independent from political pressure. As economists Daniel Smith and Peter Boettke put it in their paper “An Episodic History of Modern Fed Independence,” the Federal Reserve “regularly accommodates debt, succumbs to political pressures, and follows bureaucratic tendencies, compromising the Fed’s operational independence.”

The most infamous example of a Federal Reserve chair bowing to political pressure is the way Federal Reserve Chairman Arthur Burns tailored monetary policy to accommodate President Richard Nixon’s demands for low interest rates. Nixon and Burns were even recorded mocking the idea of Federal Reserve independence.

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SHOW ME THE BARS

Does the U.S. really have 8,133.5 metric tons of PHYSICAL gold?

Why won’t the government allow it to be independently audited?

Where is Germany’s 3,384.2 metric tons? They demanded it back from the U.S. vaults and were told NO.

Gold has been money for centuries. Fiat paper comes and goes and is simply based on the good faith of the country issuing it.

How much faith do you have in your government?

Can you say rehypothecation?

 

Over the past few days, news has emerged that Russia boosted its gold reserves for the sixth straight month in September. The 37.2 metric ton expansion, valued at $1.5 billion, took the country’s stockpile to 1,149 tons in total. How does that compare with other countries across the world?

The United States is the world’s biggest hoarder of gold by far with a stockpile of 8,133 tons. Germany has about 3,384 tons while the United Kingdom has about 310. Interestingly, gold accounts for 10 percent of Russia’s total reserves compared with 71 percent for the United States.

Infographic: The Gold Reserves Of The Largest Industrial Nations | Statista

You will find more statistics at Statista