IN THIS ARTICLE: Elon Musk's Department of Government Efficiency (D.O.G.E.) wants to cut $2 trillion in federal spending, but it's an impossible plan that could hurt the U.S. economy

Although D. O. G. E. is pushing for massive job cuts, agency closures and deregulation, the majority of federal spending remains intact, leaving little room for real savings.
Aaron's opposition to a bipartisan spending agreement nearly led to government shutdowns, but his influence could lead to further fiscal problems under the Trump administration.
the CEO of #Tesla billionaire #Elon Musk, along with Vivek Ramaswamy, has been named to lead the newly created Department of Government Efficiency (D. O. G. E. ) under the administration of "crypto-president" Donald Trump.
the goal is to reduce federal government spending by $2 trillion. The goal is. That's roughly in line with the projected U. S. budget deficit in 2024. The problem, however, is that this project could fail. The new D. O. G. E. line code. - isn't even a real government department. It's an advisory body. Nothing can be implemented without Congress or Trump's signature. However, Elon's name carries weight. His involvement alone has made this more than just a theoretical exercise.
The plan is aggressive, with mass layoffs, the elimination of departments and agencies, and reduced regulation. President Trump and his allies have welcomed it, but skeptics are sounding the alarm about the potential consequences.
Eron and Vivek plan to cut government staff by 75%. If the D. O. G. E. initiative goes through, three-quarters of federal employees will be on entry-level pay.
But how realistic is that? Not very, experts say. That's because about 75% of the federal budget is mandatory spending. Programs such as Social Security and Medicare cannot be touched, so as not to cause a massive political reaction. In other words, only discretionary spending (about $1.7 trillion) will be subject to cuts. Half of that is defense spending, which Trump and his allies are unlikely to touch.

He overestimated his budget and called it wasteful.

Read us at: Compass Investments
#transscreen.ru #GlobalCrypto #BlockchainFuture

In a bold move, MicroStrategy, a leading technology company in Bitcoin accumulation, has just announced a plan to raise 42 billion USD to expand its Bitcoin holdings. The plan, named "21/21," is expected to last for the next 3 years, aiming to maintain its position as the public company holding the most $BTC in the world.

Plan "21/21": Two Key Capital Raising Pillars

According to the proposal, #MicroStrategy will raise this enormous amount through two main sources:

In the ever-evolving world of finance and tech, SpaceX—Elon Musk’s brainchild—has once again made headlines. This time, it's not just about rockets but about the smart use of stablecoins to manage foreign exchange risks. Silicon Valley VC Chamath Palihapitiya spilled the beans on this in the latest episode of the All-In podcast. Here's the scoop! 👇
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What’s the Deal? 🤔
Foreign exchange (FX) risk is a nightmare for businesses that operate globally. It's the risk of losing money when converting foreign currencies into your home currency. For example:
A U.S. company earning in Brazilian Real (BRL) could face losses if the BRL weakens before converting to USD.
SpaceX’s Solution? Use stablecoins!
How Does SpaceX Do It? 🛰️💰
Starlink Payments: SpaceX collects payments from Starlink users in multiple “long-tail countries” (think regions with less mainstream currencies).
Stablecoin Conversion: These payments are converted into stablecoins, which are pegged to the U.S. dollar, avoiding volatile FX risks.
Back to USD: Finally, SpaceX converts these stablecoins into U.S. dollars—safe and sound!
Palihapitiya explained this approach saves SpaceX from dealing with fluctuating currencies or complex international banking systems.
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Why Stablecoins? 🤷‍♂️
Chamath is a huge fan of stablecoins for cross-border transactions, and here’s why:
Lower Costs: They reduce transaction fees compared to traditional banking systems.
No Delays: Forget the slow and taxing processes of wire transfers!
Future-Ready: Stablecoins represent a step toward a more efficient global financial system.
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Are Stablecoins the Future of Finance? 💸🌐
Stablecoin providers like Tether and Circle are shaking up the financial world. Here’s how they’re competing:
1. Against Banks: By offering faster and cheaper money storage and transfer options.
2. Against Payment Giants: Taking on big names like MasterCard, Visa, and American Express.
Even small improvements, like reducing cross-border transfer fees by 3% (which Stripe charges), could massively boost global GDP.
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Elon Musk’s Love for Crypto 💖🐕
Let’s not forget Musk’s ongoing love affair with crypto:
Tesla invested big in Bitcoin, and the value recently crossed the $1 billion mark.
Twitter (now X) introduced crypto tipping, with speculation of more crypto features in its upcoming payments system.
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The Big Picture 🚀
SpaceX’s innovative use of stablecoins is just another example of how tech and crypto are reshaping the global financial landscape.
Businesses win: Lower costs and faster transactions.
Consumers benefit: Cheaper services and better accessibility.
Banks beware: The old systems are being disrupted.
Elon Musk, once again, is showing the world how to think outside the box—whether it’s in space or in the financial realm.$BTC $DOGE
What are your thoughts on stablecoins revolutionizing payments? Let me know in the comments! 🗨️
#ElonMusk. #Tesla #BTC #CryptoNewss

Tesla (TSLA) has been on an extraordinary upward trajectory, with its stock nearing an all-time high of $420. This surge is attributed to a combination of factors, including the company's innovative strides and strategic political alignments.

Elon Musk's Strategic Political Engagements 🤝

Elon Musk's involvement in the political arena has significantly influenced Tesla's fortunes. In August 2024, Musk accepted President Donald Trump's offer to join his cabinet, signaling a deeper integration between Tesla and the incoming administration.

Further solidifying this relationship, Musk was appointed to lead the Department of Government Efficiency (D.O.G.E.),$DOGE a new initiative aimed at streamlining federal operations. This role positions Musk to advocate for policies that could benefit Tesla and the broader electric vehicle industry.

Tesla's Stock Performance and Market Position 📊

Tesla's stock has demonstrated remarkable resilience and growth. As of December 2024, the stock is approaching a four-year high, with projections suggesting it could reach $500 before the end of the year.

Analysts have raised their price targets for Tesla, with Bank of America increasing its target to $400, driven by the company's advancements in artificial intelligence and robotics.

Elon Musk's Net Worth Soars 🚀

Musk's net worth has experienced a substantial increase, reaching $486 billion, making him the richest person globally. This surge is largely due to his holdings in Tesla, which have appreciated significantly, and his strategic political engagements.

Implications for Tesla and the EV Industry ⚡

The convergence of Tesla's technological advancements, Musk's political involvement, and favorable market conditions has positioned the company for continued growth. The incoming administration's policies are expected to support the expansion of the electric vehicle sector, potentially leading to increased market share and profitability for Tesla.

In summary, Tesla's record-breaking performance is a result of strategic leadership decisions, political alliances, and market dynamics. As the company continues to innovate and align with favorable policies, its trajectory suggests a promising future for both Tesla and the electric vehicle industry at large.
$BTC $ETH
#tesla #Elonmusk #trump #cryptonew
RideTheKaiaWave with me.

As of December 20, 2024, there have been notable developments concerning #pepecoin🐸 #pepe⚡ (PEPE) coin

Founder Identification:
Zachary Testa has been identified as a key figure behind PEPE coin. This revelation came after a significant price drop of approximately 20%. Testa is under scrutiny for transferring $15.5 million worth of PEPE to major exchanges like Binance, which may have influenced the coin's market value.

Whale Activity:
A large holder, or "whale," deposited 150 billion PEPE tokens (valued at $2.72 million) into Binance, possibly to mitigate losses amid the coin's declining price. This same whale had previously withdrawn an equivalent amount from Binance on November 28, 2024, indicating a strategic move in response to market conditions.

Market Sentiment:
Arthur Hayes, founder of BitMEX, has shown interest in meme coins, including PEPE. He recently acquired an additional 23.48 million PEPE tokens, signaling confidence in the coin's potential despite market volatility.

In the past 24 hours
PEPE's price has fluctuated between a low of $0.000017 and a high of $0.000022.

The all-time high for PEPE is $0.000028, indicating that the current price is about 36% below this peak.

These events highlight the dynamic nature of PEPE's market and the significant influence of key stakeholders on its valuation.
#pepecoin🐸 #pepe⚡ #PEPEAnalysis #pepenews #Tesla
$PEPE

Tensions between Jeff Bezos and Elon Musk have flared up once again as Bezos officially countered Musk's recent statements. In the latest public 'verbal sparring,' the CEO of Tesla and SpaceX openly criticized Bezos for delays in space exploration projects and accused him of being too focused on business interests rather than investing in innovation.
Not letting himself be caught in a passive situation, Jeff Bezos – known for his reticence – quickly struck back. He bluntly stated that Musk's accusations were '100% false,' asserting that the criticisms were completely baseless. This is seen as a rare but decisive move from the Amazon founder, demonstrating his determination to protect the reputation and operations of Blue Origin – the space company he founded.