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US Treasury Department

Musk’s Access To US Treasury Payments Risks Global Financial Meltdown

February 10, 2025 Kurt Cobb, Resilience. , , , , , ,
Whether or not you share the zeal for cuts in government spending embraced by President Donald Trump and his billionaire sidekick Elon Musk, you should know that giving Musk and his callow team of computer coders access to payment systems at the U. S. Department of Treasury risks a global financial meltdown. It doesn’t make such an event certain, but it lowers the odds considerably. Here’s why: First, the U.S. Department of Treasury processes some $6 trillion in payments each year. If that system were to come to a halt for even a relatively short period of time, the consequences would be devastating, not only for the U.S. economy but for the global economy as well.

Elon Musk’s DOGE ‘Proud Boys’ Blitzkrieg Of Government Offices For Personal Data Of All US Citizens

February 3, 2025 Colonel (Ret) Ann Wright, Popular Resistance. , , , , , ,
In raids reminiscent of the “January 6” Proud Boys attack on the U.S. Capitol four years ago, unelected, unvetted and without federal government security clearance, the Trump anointed head of the yet unapproved Department of Government Efficiency (DOGE) Elon Musk and his henchmen with enormous computing background are wrecking havoc in government offices with sensitive personal data of all U.S. citizens. This past week, Musk’s blitzkrieg team gained access to sensitive Treasury data including Social Security and Medicare customer payment systems.

Venezuela Edges Closer To Losing CITGO As Corporations Submit Offers

June 21, 2024 Ricardo Vaz, People's Dispatch. , , , , , , , , , ,
The second and final round of bidding in a court-mandated auction of Venezuela’s US-based oil subsidiary CITGO has concluded. Several corporations submitted binding offers by a June 11 deadline as part of a process organized by a Delaware District Court to satisfy a number of claims against the Caribbean nation totaling US USD 21.3 billion. In October 2022, Judge Leonard P. Stark set in motion the sale of shares belonging to PDV Holding (PDVH), CITGO’s parent company. The process was brought forward by Canadian miner Crystallex. The auction procedure will pay 18 creditors, which are looking to collect on international arbitration awards on a “first come, first serve basis,” based on when the court approved their writs.
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