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.
Literally any currency would be more likely and “better” than crypto. The alternative to crypto is not trading gold, but using other major currencies, like Euros. It’s unclear if the U.S. dollar collapses what currency will replace it, but I suspect that will be determined by geopolitical dominance more than anything else.