|
| Administration looking for fraud with treasuries.
Article: https://www.theguardian.com/us-news/2025/feb/09/trump-steel-aluminum...
Quote: “ Also during his flight to New Orleans to watch the Super Bowl, Trump said the US may carry less debt than thought and said it could be because of fraud related to debt payments.
The United States currently has $36.2tn public debt outstanding, according to the US treasury, which plays a central role in the global financial system.
Trump has tasked billionaire Elon Musk’s government efficiency team with rooting out fraud and wasteful spending across the federal government.
“We’re even looking at treasuries,” Trump told reporters aboard Air Force One on Sunday. “There could be a problem – you’ve been reading about that, with treasuries and that could be an interesting problem.”
Audits being carried out by Musk’s efficiency team have disrupted operations at several federal agencies.
Trump’s comments on Sunday about potential fraud related to US treasuries raises the question of what sort of action Musk’s team may take on treasuries.”
If folks start thinking treasuries aren’t a safe investment, that could get nasty. I have no idea what kind of fraud would be possible but if they decide to not honor some, especially some owned by foreign governments, yikes. | |
|
Playing with fire
