Elon Musk questions IRS DOGE audit

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News Date: February 5, 2025

Elon Musk recently posted, 'Would you like DOGE to audit the IRS?' After most users voted 'Yes,' he responded with 'Vox Populi, Vox Dei.'
Given Musk's history, such polls often hint at future moves. With his fascination for shaking up the status quo, a poll about the Federal Reserve wouldn't be surprising.
Whether playful or strategic, Musk's polls often spark conversations that challenge traditional financial systems. What's next? We'll likely find out soon.

Russia to use digital ruble in settlements with China

Russia plans to use digital rouble in settlements with China, says lawmaker.
After launching a digital rouble early next year, Russia plans to use the currency in mutual settlements with China as it seeks to reduce Washington's global financial hegemony, a senior Russian lawmaker said on Monday.
Sources: reuters

White House was lit gold

On September 1, the White House was lit gold in honor of Childhood Cancer Awareness Month.
Over the last half century, substantial progress has been made in the diagnosis and treatment of several types of childhood cancer. The goal is to end childhood cancer and continuing to improve the care that all of these children receive.
Sources:twitter.com/WhiteHouse

State of the Union speech delayed to March

On the 20th January, Biden was scheduled to make his first State of the Union speech.
The speech has been delayed due to the current explosion of infections in the US, causing a breakdown in basic functions and services.
So, Joe Biden will give his first State of the Union address to Congress on March 1, the White House said.
Source: www.cnbc.com

Trump plans to make permanent cut to payroll tax if reelected

Saturday, in Bedminster, N.J., Trump announced, If victorious on November 3rd, I plan to forgive these taxes and make permanent cuts to the payroll tax.
Trump says that if reelected, he'll pursue permanent cut to payroll taxes that fund Social Security, Medicare.
Sources:https://www.washingtonpost.com/, twitter.com, www.youtube.com

Russian MF proposed an independent financial system for BRICS

On February 27, 2024, the first in-person meeting of finance ministers and central bank governors from BRICS countries took place in Sao Paulo, Brazil, as part of Russia's chairmanship.
The event marked a significant milestone for BRICS, emphasizing its growing importance globally with an increased number of participants.
During the meeting, Russia's Minister of Finance, Anton Siluanov, and First Deputy Chairman of the Bank of Russia, Vladimir Chistyukhin, presented the key focus areas, highlighting the theme of the chairmanship: improving the international monetary and financial system.
The participants, including Brazil, Russia, India, China, and South Africa, generally supported these priorities, signaling a collective commitment to addressing the role of developing countries in the global economy.
a crucial step is creating an independent financial infrastructure to bolster the autonomy and financial sovereignty of developing countries.
To enhance the global financial system, it's crucial to create practical opportunities for an independent financial infrastructure, reinforcing the autonomy and financial sovereignty of developing nations.
"The current system based on the existing Western financial infrastructure and the use of reserve currencies has a number of fundamental flaws. Such infrastructure should be available to everyone.
Financial infrastructure must be accessible to everyone and independent of the will of individual countries. Otherwise, we are faced with artificially created barriers to trade, investment and technology, even in transactions between third countries. This leads to a slowdown in global economic growth."
Siluanov said.