The founder of the billionaire and American advisor in the effectiveness of the Elon Musk government proposed a strategic plan to avoid the economic recession of America. With fears of an American recession up 43% and Montgolbut, the Department of Efficiency of the Musk Government (DOGE) chooses to bet on expansion, not on reductions.
This approach may seem risky, but here is the twist, it already shows some results.
Discover.
Elon Musk’s corrective: cultivating the economy, does not shrink it
For decades, the essential solution during economic problems was to reduce public spending. But now, with the assembly of the American debt and the American yield of the treasure at 10 years, going to 4.5% and the rates of recession climbing to 43%, Musk maintains that this strategy is no longer enough
Musk says that improving productivity and the expansion of GDP are the only real ways to avoid national bankruptcy. He admits that government waste is a serious problem, but believes that strong reforms can still make a difference.
And he is not alone. The Treasury Secretary Scott Bessent, formerly a fervent supporter of discounts of spending, now says that the United States must “make its way” of the debt crisis.
According to him, if the economy develops faster than debt, it becomes possible to manage both. This change in thought marks a huge turning point for American economic policy.
Doge’s progress so far
While Musk in the American election campaign 2024 promised that Doge would save 2 billions of dollars from public spending, which represents a third of the entire federal budget. In May, he already saved $ 170 billion, or 17% of his 1 dollar billion target and 8.5% of the “dream target”.
The public can follow Doge’s progress through an official site, which also highlights which sectors become more effective.
Bitcoin falls after the trade war warning
After Donald Trump warned of new commercial prices on Europe, Bitcoin and other cryptocurrencies quickly dropped. Finally, Bitcoin has become very sensitive to what is happening in politics. As these tensions increase, the prices of cryptography evolve quickly.
Most recently, Bitcoin has reached a record over $ 112,000. But after the news, it fell by 2.7% and is now negotiated about $ 107,937.
