Saturday, March 29, 2025

Check your bank deposit boxes

 


There are two possible interpretations of DOGE (assuming the Don and his buddy Elon aren´t simply nuts). The first is that it´s about control. Trump wants to clear out all Democratic hold-overs in the federal bureaucracy, which is why Musk´s DOGE is axing so many "Woke" programs, DEI departments, and so on. But a second possibility is of course that the US federal administration simply doesn´t have the money and/or lacks the ability (or the will) to "create" them. Or even enforce the tax codes? 

DOGE would then be an attempt to save as much money as possible by cutting back on federal agencies or grants associated with the opposition party and its agendas. Which raises questions about what will happen when there are no more Democratic civil servants to cut back on. Are Medicare and Medicaid next? What about Social Security? There have been warnings for years that these systems are about to break without *major* tax increases. 

It also makes me wonder about the long-term viability of the dollar as an "international reserve currency". Russia no longer trades in dollars, and the BRICS nations want to establish their own systems of payment. Trump at one point threatened every nation which abandons "our great dollar" with a full trade boycott (?!) or whatever, an idle threat if nobody trusts in it anyway. 

Maybe Trump and Musk really should inspect Fort Knox to see if the gold is still there. Just as everyone else should check their bank deposit boxes. 

This shit could get even more colorful than expected.  

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