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If Doge going into Education and military next
I wonder somewhere between all the gov contractors the lefties created if they’ll find out how much money they spent on Chem trails and Harrp. It would be good if the other Western country’s could do the same.
Re Gold Up About $9 More In The Aftermarket
This is smelling like a melt up to me ever since late December at $2600. Now its pushing up against $3,000. I doubt we will ever see $2600 or $2800 again.
Doge spray
Kills on contact.
Lots of gyrations
Never know. Alex Jones interviews Kirk Elliot on gold.
This is going to get complicated and probably with concerns of safeguards to digital money printing.
DOGE-Backed Halt at CFPB Comes Amid Musk’s Plans for ‘X’ Digital Wallet
Government-efficiency team’s initial ‘read-only’ access expanded quickly to encompass closely guarded data, internal emails say.
director of the financial-enforcement agency.
Vought is an architect of the Heritage Foundation’s influential and controversial government-overhaul plan called Project 2025, which appears to have guided DOGE’s attempts to dismantle portions of the federal bureaucracy. Earlier this month, the team played a key role in the administration’s effort to shut down the US Agency for International Development, another longstanding conservative bête noire.
Bloomberg News sought comment from Musk, Vought, the DOGE team members and the White House. None responded.
Project 2025 calls for abolishing the CFPB, which Congress created as a consumer watchdog in the wake of the financial crisis that precipitated the Great Recession. On Saturday night, Vought sent an email instructing its employees to stop “all supervision and examination activity” and “all stakeholder engagement,” and he announced that he would decline additional funding for the bureau, saying its current account balance of $711.6 million is “excessive.” Those steps came one day after Musk posted the message “CFPB RIP” next to a tombstone emoji on his personal X account.
The CFPB is mandated to perform direct supervision on large banks and other companies it oversees. Supervision in the financial regulatory world means that examiners look under the hood at a company’s operations.
CFPB examiners have access to banks with $10 billion or more in assets, but they also oversee debt collectors, payday and other online lenders, consumer credit reporting companies, some fintechs and payments processors, and a host of other companies that banking regulators don’t monitor. The agency’s former director told a congressional panel last year that it had returned $20.7 billion to consumers since its inception.
The confidential supervisory information CFPB examiners collect is stored on agency laptops and in its internal Supervision Examination System, a Salesforce platform. That data — including customer information and complaints; new products under development but not yet released to the public; and financial information — is valuable and closely guarded, the five people said.
While there’s no evidence that DOGE staffers have begun studying any of the examination and enforcement records, employees of the financial-oversight agency questioned the appropriateness of giving the government-efficiency initiative the ability to access those records.
Just nine days before his DOGE team visited CFPB, Musk’s X — the former Twitter — announced that it had struck a deal with Visa to process peer-to-peer payments. Musk has publicly mused about expanding into payment-services since he first took control of X in 2022. Entering that business could bring CFPB oversight under rules the agency finalized in November. The records DOGE can now access would include sensitive and potentially competitive information.
A few hours later, CFPB’s X account was deleted, and the home page of the agency’s website was partially dismantled. Visitors to the website now see a “404 page not found” message when visiting the home page, although links to most pages are still accessible.
CFPB employees who read the memorandum of understanding started backchannel discussions about it and raised red flags, according to the five people familiar with the matter. They asked why DOGE would need to access the human resources, finance and procurement data if its goal was to modernize the agency’s software, the people said.
One employee sent an email to CFPB Chief Operating Officer Adam Martinez and his aides, asking them to “pause and ensure that the systems that are being provided” to the DOGE team “are consistent with the law.” The email expressed concern about potential “actions that may accidentally lead to data breaches, unintended access and other risks to the American public.”
It’s unclear whether the employee received a response. Martinez didn’t respond to a request for comment Sunday.
The DOGE team were given “senior advisor” titles at the agency and worked from a conference room in the basement of CFPB’s headquarters. The CFPB’s union attempted to greet them at the door, but the DOGE teams were standoffish and didn’t talk to anyone, according to multiple people familiar with the matter. The DOGE employees largely stayed in the basement; one was spotted emerging to pick up a Chipotle order for lunch in the CFPB lobby.
By Saturday afternoon, according to five people familiar with the matter, the DOGE team’s administrative access had expanded, giving users the ability to choose which of the agency’s internal systems they can explore.
That night, Vought began to lay the groundwork for overhauling and at least temporarily shutting down the CFPB. He sent an email to all the agency’s employees under the subject line, “Directives on Bureau Activities,” which prohibited them from issuing any public communications, continuing pending investigations or launching new probes. It also ended all supervision and examinations.
On Sunday afternoon, Martinez, the chief operating officer, sent an email to CFPB staff informing them that the agency’s headquarters will be closed this week and they should work remotely. Employees who were in the office were ordered to vacate the building by the agency’s director of security
Just the next step in China acquiring gold.
First they encourage private citizens to buy gold with the creation of the SGE in 2002, and SGEI in 2014. The article below says all gold purchases are registered, so Xi knows where it is.
https://goldbroker.com/news/china-owns-lot-more-gold-than-its-letting-on-2281
Now they are allowing (I’m sure that the insurance companies understand the subtlety – and if they don’t they will be reminded – of what “allowing” means in this context) to exchange billions of USD for gold, more gold, for China.
Ron Paul knows all this. Let’s guess that China has 20,000 tons; govt, army, personal holdings, it’s all the same to the CCP. Should China use the gold holdings to support its currency and anti-American strategy, how is Trump to maintain integrity for the USD? 8,144 tons isn’t going to cop it.
Ron Paul knows something else too, that if you can’t put your hand on it, you don’t own it. Only answer for Big D is to buy more for the US of A, and get back everything that the damn fools before them had leased or lent out.
At first I thought good maybe posts won’t disappear
But now I wonder. What does he mean by performance. What kind of performance?
https://www.adweek.com/media/black-monday-meta-performance-based-layoffs/
Ipso
I think they should not only not listen but press charges on the judge for corruption and send a message to any other activist judge for hire for any corrupted left leaning politicians trying to obstruct discovery of such corruption.
Maddog @ 14:20
“going Jackson”
That would be a historical confrontation. I’m with you … I don’t see how some piddly ass judge could stop the supreme authority in the land. The Constitution I think would support Trump anyways!
Cheers
Deer
That’s all good but if I was unfortunate to live in China I wouldn’t want the government to even know I had any gold let alone buy it from those Indian givers.
If true
….this could also be playing a role in the updraft of Gold prices……..
Beijing has launched a pilot program that allows insurers to buy gold for the first time could free up billions of dollars of investment in the metal, adding further impetus to a record-setting rally, hitting a new high (in USD) above $2900 this morning…
Tarriffs aluminum up
Aluminium rises on supply risks after Trump tariff threat
Aluminium prices rose on Monday due to supply risks after U.S. President Donald Trump said he was set to impose new 25% tariffs on all steel and aluminium imports.
Three-month aluminium on the London Metal Exchange (LME) rose 0.3% to $2,635 a metric ton, by 0318 GMT.
The aluminium contract on the Shanghai Futures Exchange (SHFE) was 0.2% higher at 20,530 yuan ($2,809.71)a ton.
On Sunday, Trump said he will announce new 25% tariffs on all steel and aluminium imports into the U.S., which would come on top of existing metals duties, in another major escalation of his trade policy overhaul.
“At the moment we are seeing signs that maybe this could put some upward pressure in the short term on prices just because of the supply element,” said Kyle Rodda, senior financial markets analyst at Capital.com.
“One of the impacts of these tariffs is depressed global economic activity.”
Trump also said he will announce reciprocal tariffs on Tuesday or Wednesday, to take effect almost immediately, applying them to all countries and matching the tariff rates levied by each country.
Meanwhile, Federal Reserve officials on Friday said the U.S. job market is solid and noted the lack of clarity over how Trump’s policies will affect economic growth and still-elevated inflation, underscoring their no-rush approach to interest rate cuts.
LME copper fell 0.2% to $9,393.5, zinc was up 0.2% at $2,844.5, tin eased 0.2% to $31,040, lead fell 0.2% to $1,989.5, and nickel fell 0.1% to $15,740.
SHFE copper gained 0.6% to 77,190 yuan, nickel fell 0.2% to 126,870 yuan, zinc was steady at 23,805 yuan, lead gained 0.4% to 17,165 yuan and tin <SSNcv1gained 0.3% to 258,880 yuan.
($1 = 7.3068 Chinese yuan renminbi)
(Reporting by Anushree Mukherjee and Anjana Anil in Bengaluru; Editing by Eileen Soreng)
Reuters
@deer79 re your “just as in the 1970s, they’ll flood into precious metals.”
Thats right, but since the 1970s they created hundreds of ETFs, including the latest excess fake money receptacles, like condoms, numerous Bitcoins to divert funds away from precious metals. If someone bought 200 ozs of gold around the year 2001 for $250 per oz of $50,000, the 200 ounces of gold today is $600,000
Gold $2,933 using Fed Notes, We Are In A Deflation
The Fed Res shadow government is failing and going backwards. Gold at $2933 in Fed notes, and Gold being real money and it’s gaining value against many goods, including real estate, so you could say gold people are seeing deflation, real money gaining value things getting cheaper as gold value rises.
From Kevin Bambrough via the DailyReckoning.com
The Coming Silver Default
The trigger for the next silver delivery failure could come from anywhere, but history suggests it will likely be a major player – perhaps a sovereign wealth fund or a forward-thinking large investor akin to the Mississippi Bubble era.
The lesson from my Sprott days remains crystal clear – when you really need delivery, paper promises can prove worthless. In a market this tight, physical possession isn’t just nine-tenths of the law – it’s everything. The coming silver squeeze will likely make our previous delivery issues look minor in comparison.
We’re heading toward a perfect storm where industrial demand, monetary instability, and physical market tightness converge. When people realize how poor a store of value cash and bonds have become, just as in the 1970s, they’ll flood into precious metals. But this time, with silver’s critical industrial role and the structural supply deficit, the upside could be truly historic.
ipso facto
Re Trump going Jackson….I can’t see why a judge can over rule a President, if he is an executive one….something has to be the last stop in a democracy and judges are not elected, especially as this judge is just yr average judge, he is not on the Supreme bench even…..
If Trump allows this to stand and goes through the courts, the Dems will do this non stop…..
Sng
Yikes That’s why when I had kids I eliminated anything pointed a kid could injure themselves on.
I knew I should of asked though. After having the brothers I had which some had to learn that boy type entitlement ironically taught by my mother does not end well especially with women. Couple had to learn the hard way with a few divorces. One still single I don’t think ever learned.
Someone asked me once after a attempted prank as a adult something to the affect doesn’t anything affect you anymore? I told him once in awhile something might pop up but generally pretty much no.
It’s still all about gold
Silver should catch on eventually I’d think, but it’s still also all about the gold shares.
Volume is light in SLV, almost on par with GLD which is unusual.
Hey maddog
Yes, it would be great to have Ron Paul as Fed Head. The demonrats would lose their minds.
Judy Shelton works too. I’d be willing to bet that Jerome Powell is reconsidering his stance on leaving office early now that he sees what is being dug up by Musk.
goldielocks @ 11:41…About the pranks I played on girls.
In grade 5 I was the new kid in a small town (Coloma CA) with 18 kids from grade one through 8, all in a one room school house and taught by one teacher. The teachers daughter, Jane, also attended there, and wanting to get her attention I decided to pull her chair out from under her as she was sitting down….which I did, and the sharp edge of the chair scraped her spine bottom to top as she slid to the floor. Needles to say, I never got anywhere with Jane, nor did it help my grades any, and it also cured me of pulling any kind of practical joke or prank on anyone unless I thought it through more carefully. No LOL’s, and I still feel Jane’s pain. :o(
Borrowed this from our like minded neighbors from FGC
This would be so good and hopefully backed by gold.
Sng
That reminds me of something else she told me. The city here support the local farmers here with things like subsidizing in some ways like buy so much get one for free to a limit That’s good, they grow organic. She gets some good food mostly for less than store bought chemicalized, pesticided and processed, She told me they are selling quail eggs now. She got a dozen of them for 6 bucks. There not as big as the duck eggs but thought shed try them. That’s clever at the rate their killing off the chickens. I shouldn’t mention it but funny how the bird flu they just happen to have a vaxx for only affects domestic chickens, cows and people.
Sng
Free lunch, they’ve been doing the same here at many for awhile except for day trading. I found out after making a couple of fast trades but no intention of day trading just changing my mind just happened that way and got a warning.
Speaking of which talking to my daughter in law the other day before the super bowl who told me the Chiefs should not of been been in the playoffs. Like DEI she said it was the refs. Well it did t work out for them anyways.
Made up sense of entitlement.
She said she volunteered at a food bank but not very long lol where they were handing out things the working class were cutting back on like roast beef and Starbucks said they had nasty and bad attitudes and kept asking what they could get instead if they didn’t like something. One lady didn’t like anything in her box kept harassing the volunteers, a real piece of work. When she asked me very rudely what I have for her I told her that I didn’t have anything for her and since she was so unhappy with the free food she was receiving she could hand the box back and it could go to someone in real need.
She was asked not to return Lamo
