- Elon Musk repeated his intention to audit the Federal Reserve
- He believes it is necessary to audit all government departments without exception.
- Also, he stated that he intends to redirect the DOGE optimizations
- 20% to compensate Americans, and 20% for the national debt
Elon Musk made a strong performance at CPAC, stating that he will continue to fight bureaucracy and waste in government, auditing government departments without exception, including the Federal Reserve.
He also stated that he is going to redirect 40% of what DOGE will cut during these audits, namely 20% to compensate Americans and 20% to fight the skyrocketing national debt.
More About Elon Musk’s Statements About Further Audits and Budget Optimization
There is hardly anyone who has not heard of the latest audits of government agencies conducted by Elon Musk and DOGE, the first most high-profile being the USAID case.
At the time, it may have raised questions about how long these audits would last and how far they would go, as well as whether it would bring the desired budget optimization without side effects.
However, this was already followed by further findings, as with Social Security data, and the latest Musk’s intention to continue audits, supporting the idea of auditing the Federal Reserve and even moving it to blockchain.
Moreover, Donald Trump has praised the optimization, and just recently read out the entire list of DOGE findings in detail, explicitly expressing his approval.
And it didn’t take long for the topic of auditing one of the nation’s key financial systems to return, and in a more definitive way. According to Musk’s statements, it will have to happen, and he has no intention of making exceptions for any of the government departments.
“All aspects of the government must be fully transparent and accountable to the people. No exceptions, including, if not especially, the Federal Reserve.”
Moreover, Musk has previously supported the idea of returning taxpayer money saved after audits and said he would discuss the possibility with the president. Although Trump has yet to comment on the matter, Musk has already stated that he intends to spend 20% to return the money to Americans and another 20% to pay down the national debt.
Conclusion
As we predicted on previous occasions – Musk’s audits will continue, at least for the near future. Whether the savings will actually be redirected remains to be seen, but that possibility shouldn’t be ruled out either.
Especially given that concerns about government debt are growing among the biggest figures in the financial industry, this additional reinforcement by Elon Musk is significant.
Events are evolving very rapidly, and at some points unpredictably, so it’s worth continuing to be careful. Be aware and stay tuned for updates on the rapidly reshaping regulatory and crypto landscape.
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