The recent U.S government shake up is one of the factors causing the market to be at a stalemate. Everyone is excepting a positive outcome before injecting more funds in the U.S market.
Overall, the blue chip coins hold their own positions pretty well surprisingly and once the fraud and corruption being weeded out, the U.S might actually see the first decline in national debts in many decades. In which, it can be a great restart for the nation and the rest of the world to see, you can actually work your way down the debts (despite the fact that the U.S has been the bad rep on this due to they’re the highest debt nation over the years).
Don’t take my word for it, the U.S did manage to reach the national debt to zero once, under President Andrew Jackson in 1835. If there wasn’t a receipt with it I also might not believe it!
What is the current climate?
The U.S is having 36 trillion debts on the book at the moment, and my last post was talking about how Elon Musk warned his fellow X followers that the U.S might become insolvent if the debt problem isn’t solved.
Then following the 2024 election, with Trump had a victorious return back to the white house, Elon Musk somehow stepped into the possible and viable solution of solving the U.S debt. Talk about lucks!
Within the first 3 weeks, Trump has signed many executive orders to restructure the U.S regulations as a whole, in which, we shall see the impacts slowly catch up on the economy within 1 or 2 years, through the energy sector and so on.
Elon Musk runs the DOGE team, aka Department of Government Efficiency, to down size the over-regulation of the government originally.
As you might have heard he fired about 80% of workers when he took over the twitter. He values cutting costs is vital for a company, and making it more efficient in general.
You never know how much you would make for the next quarter, so downsizing to only essential workers is the logical thing to do.
But the original slogan has quickly turned into fraud, waste, and abuse cleaner just 3 weeks after Trump was sworn into the office. Damn, buckle up guys, this is where the crash wave comes in that no one has expected.
The corruption is so bad that every Americans, regardless of left or right ideology, team up to support DOGE and demand every audit on every department of the government. The opposite voice to stand against DOGE are those who are worried their gravy train is getting stopped.
Well, it is getting stopped.
Here is where you see the desperation. While the fraud is being the hot topic nationwide, somehow someone still managed to risk “everything” to make the 59 millions payment to a NY hotel for housing illegals via FEMA department, in other words, last batch of money laundering, right in front of Trump and others' eyes.
Imagine the police already lock the place down and start searching and you still wanna smuggle the money from the safe out. If this is not a gambler in real life I don't know what is.
Respect that audacity though, just make sure don't do any smuggling in prison or you might get smacked badly.
But for so long, how do these schemes work without the American public knowing about it?
Elon has highlighted several claims on DOGE team has discovered ways that the bad actors within the government could get away from troubles with their money laundering tactics.
I: A large list of social security payments without identifying information inside the Treasury System.
It means, there isn’t categorized labels on each row of input, and so, the taxpayer money is still sending out to designated addresses but no one knows who receiving it.
II: The Do Not Pay List in the system for funding takes a long time to update, and in the end the list is not used.
So basically the business or organization could still apply for funds from the U.S government even being threatened to be blacklisted. Extreme cases will be funding terrorist groups for proxy wars.
III: In 2023 alone, USAID disbursed roughly $44 billion of aid across 160 countries and regions around the world.
Meanwhile American families who lost their homes during hurricanes can only receive up to $750 per household.
IV: A $36,126 contract from U.S. Citizenship and Immigration Services for “diversity, equity, inclusion, and accessibility training for leadership and supervisors who manage teams".
These wordings are the top-notch to get the funding access for real.
V: When the government hires a company for only a 3 month contract as a consultant, but the company keeps getting payment for 20+ yrs.
It's due to the name is on the system but not being closed. Since no one thoroughly audits the system, so no one knows and no one talks about it.
To be fair, there are some genuine fundings out there in terms of humanitarian aids, that benefit the poor communities globally by U.S grants.
It’s not the funding mechanism bad, it’s the people who oversee the fundings or accounting that exploit the system should be held accountable.
The bad list of such wasteful spending can go on and on, but in the end, it’s the corrupted politicians, who have been power for a long time, with their networks who seize the weakness of outdated systems, and the annoyance of bureaucracy to launder the taxpayer money into their pockets. They get rich at the taxpayers’ expense. The sender, middlemen, recipient, all of them, just not you and me.
No matter what kind of excuses they write on paper, in the end, they will take a percentage of it when the payment is settled.
I mean, how do you flip 120k per year salary into a multimillionaire in your time of serving the government, the check isn’t gonna write itself. So you better work overtime on these “side projects”, along with insider trading you know.
It’s so shocking to everyone that the amount of money is now at about 2.7 trillion dollars in estimation.
Imagine that, rats in your house keep stealing your money, but out in public pretending to care about you, fight for you, so you’ll vote for the rats and keep the rats in the house. With years passing by, you still have no idea why you’re more in debt than the previous.
Honestly, without the Trump administration's efforts to radically transform the government's structural foundation to become a better place for all Americans, we wouldn’t even know all of these frauds in the first place and the bad actors would still get richer from the taxpayers year after year.
The U.S would still somehow bleed out money and the debt ceiling would still keep on climbing up. Because, come on, no fraudster wants to kill a fatty cow when it can give a crap load of money just like that!
No other presidents had taken any actions against such frauds and waste in recent political U.S history, whether they knew or they didn't know. Certainly not Biden, that I can tell you! If he wasn't an accelerator for the gravy train I'd be in awe.
I love how some people come out and be the loudest to stop DOGE team from exposing more fraud and abuse within the government. Well, understandable, you guys are cutting off their gravy train that is used to fund their bribery as such to keep their positions in the government. How Dare You?!
The house requires deep cleaning isn't it? The U.S today action against corruption so openly is also sending a message to other nations around the world, if your country is corrupted, you can't have a country.
You just cannot. The overall money is drying, more people will experience inflation deeply. Fewer productive projects emerge, then fewer taxes can be made, on and on. Government doesn't have enough money for next year, will either print more money or raise taxes eventually.
The negative cycle is likely occur with corruption happening.
I personally hope to see the debt numbers can actually go down and set a good example for the rest of the world to see. Because it’s insane that all countries are now leaning toward the idea of normalising being in debts.
Perfect example of, It's your problem if you borrow a $100, it's the bank problem now if you borrow 10 million.
For years, people make fun of politicians being corrupted but now we finally come to see the full display how they do it on live.
For 2.7 trillion dollars? It’s probably the biggest fraud in modern history.
What a wild ride for the start of 2025, and Trump still has 3 yrs and 11 months to go.
Well, what can I say? God Bless America.
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