Summary
Elon Musk claims his Department of Government Efficiency (DOGE) is shutting down payments to federal contractors, including a Lutheran charity, asserting it is eliminating corruption.
This suggests DOGE has access to Treasury’s payment systems, though officials have not confirmed the extent.
Senator Ron Wyden warned that DOGE may interfere with Social Security, Medicare, and government contracts.
Musk also called USAID “a criminal organization” that should “die,” amid DOGE’s growing influence over federal financial operations.
I don’t think crypto will replace USD as a global currency if USD fails.
Euro or Yuan would
But the people in office would certainly want to replace it with crypto domestically
You know of a better alternative? Ain’t nobody going to be trading gold like an 1800’s prospector.
Better? No. But why do you think China has been pushing all of the infrastructure projects in Africa, South America, and Eastern Europe? They are ready and waiting for the USD to blow up.