Even at the top, lawmakers are going with the DODGE, the Department of Deceiving the public about Government Efficiency. Its fantasy goal is to make sure the brightwork is polished and the chow is hot
When I was a Petty Officer 2nd. Class Machinist's Mate in the U.S. Navy Nuclear Power program, every member of the Nuclear Power program had to read every incident report about mistakes made by Nuclear Power program sailors and initial each report.
Every lawmaker in Congress should have to initial each page of every law they vote on to show they read it.
As the saying goes: "If you always do what you always did, you will always get what you always got." For the Insider Bailout Crowd, this is exactly what they wish and intend: the scam continues. Best always. PM
Thank you Mr Denning for the (CR) continuing resolution link! Personally, I like reading these omnibus abominations. I always start by a quick doc search for the word “grant”. **My reason?**
• Most government grants are not for individuals, but rather for (NGO?) organizations and STATES… the serpent's of the district of corruption use their IRS collections grift to get tax money and gratuitously redistribute money.
I like what Byron said about having the elected dunces initial every page; which ought to slow their roll. Actually, the whole grants racket ought to be forbidden and made illegal (along with illegality for omnibus bills and CR’s) for the .gover’s to do. If the Vatican, META, Gates or Tractor Supply want to make grants…have at it and can use the same T&C’s.
We’ll see just how philanthropic the Vatican, META, Gates or Tractor Supply are with grants.
The more politicians that join the DOGE bandwagon the more it becomes a circus, but like I have said before, send in the clowns. Meme it to death. Assign a Minister of Silly Walks. Mock everything. Expose the waste, the fraud, the grifting with deadly parody. Create a new SNL dedicated to the task. Suit up The Babylon Bee. Make it a cottage industry.
Nothing changes in this world until it gets seriously laughed off the planet. That’s what happened to Joe Biden and Kamala Harris.
Agree completely - but I will say that one BIG difference I'm seeing already is the level of TRANSPARENCY being shown in the early stages of DOGE. Problems/Waste being clearly identified and defined, the individuals doing the identifying, and draft proposals of rectifying actions are all being publicly offered for suggestions, appraisals and yes, ridicule if warranted. That alone portends a ton of 𝗽𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 to actually have some success, IMO...
"Though Ramaswamy spoke in sweeping terms of cuts to come, enacting them may be harder. DOGE is not a formal government department and can only make recommendations.
It would be up to Trump and his Republican allies in Congress to try to enact them.
Business Insider's Jack Newsham reported last week that, with Republicans in control of both chambers, DOGE may have some success in cutting government spending and red tape.
Eliminating federal agencies could be a big ask, though. They're generally created by Congress and could require difficult votes to abolish"
Correct me if I am wrong but the initial funding for US government departments arises with the President sending a request to Congress for the funding?
In this case, what happens if the President does not do this?
Question about the DOGE gov.com site : Why are there so many articles referencing a doge tokens? What does this have to do with efficiency in government? Looks more like they are just pumping this "coin" or whatever it is.
But would you agree that it looks like a cheap way to pump their coin? Is Musk making more money off of this, pump up the coin then unload his coins to the next fool in line?
Yes, I would agree. Of course it's a cheap way to pump their coin, they are sponsoring the site - welcome to Capitalism. I only put the link there because they link to other news sites that are writing articles about actions being taken by DOGE the department. Personally, I ignore everything related to the digital currency aspect. I'm just trying to find accurate information.
Further, I don't believe EM is doing any of this to "unload to the next fool in line", and couldn't care less if I'm wrong about that part. Buyer Beware and all...
Too many chefs spoil the soup, especially when the chefs' incomes depend on keeping the soup flowing, no matter how inedible it is. I suspect that Musk and Ramaswamy will let all this noise accumulate while they map out their equivalent of the Argentine crash diet and Twitter-to-X elimination of unnecessary functionality (no mass censorship-to-order divisions needed on a platform that facilitates free speech). The odds against their success are poor, but no other paths I've seen presented have better odds.
The "suck" is going to come when DOGE & Co. put in all the time, energy and effort to ID blatant waste and suggest viable ways to eliminate - then our worthless "legislators" refuse to step up and actually propose/approve any significant and necessary Change. This will allow our "media", crap politicians and lowlife bureaucrats to point the finger and gaslight about how much DOGE was a waste of time and how Elon and Vivek have failed, despite the fact that the Department can only present Evidence and make Recommendations. Assuredly our host will be a loud voice in that crowd.
Maybe I'm missing something, but it appears that you and Bill are essentially on the same page---neither of you think DOGE will ultimately be successful.
I prefer America of 1960. I was young; I discovered I was fortunate to be an American that the continent was filled with awesome beauty, and it had a wonderful history, a legacy passed down by millions who had struggled through the vagaries of life.
How fortunate I was.
Most of what I enjoy now existed… only less crowded and more gracious.
I can look around, today, and marvel at the wonders.
Warts and all, a wondrous place.
The national hymn seems to be “The Battle Hymn of the Republic.” I glory that “His truth is marching on.”
I strive to be in step with it. Slow but sure we stumble onward.
Bill, predictions are a " dime a dozen" as has been said many times before.
"DOGE" is an effort, Trump having selected two indiĺviduals who have no one to please, and have not an inclination to follow any previous plans or diagrams by so called "experts" (has-been-drips-under-pressure). They will get this done! They understand the playbook of those liberal, woke ne're do wells. Boom!
At this point, I'm a "Show me" guy. No more taking it on faith or any other thing. If it works, great, but why another department? Do we really need more "show" in government? Seems to me, Vivek and Elon could relay these recommendations over dinner, Trump could give them the OK, and then V&E could release the memo to the staff witht he Boss's imprimatur. Done. Why another government appendage? Best always. PM
What a bitter, gas-lighting, unfounded and deceitful column by a person with glaringly serious Envy issues. You couldn't do it in the '70's, so OBVIOUSLY these johnny-come-latelys will also fail.
You are in a really shitty place right now, Bill. We'll pray for you...
PS - It is a Wise and Prudent action to include the counsel of government workers in the effort to increase efficiency and cut overall spending. Anyone who tells you different is a FOOL...
This relates to employee input. There is a concept called 3 by 3. It's helpful in terms of sales and strategic or tactical planning. I could use a hundred pages here... The bottom line is if you get 3 individuals completely unrelated, likely adversarial and perhaps competing for capital within the overall organization to advance the same ideas on improvements, its gospel. Highly actionable. Highly.
I think You would have to admit that Bill has some good points. Even Dan at the end of this writing wrote that 1500 pages for more money. You and I know this will be rubber stamped and all the "new spending " will just grow. Tell Me when was the last time You read 1500 pages in a short time and had to come back and re-read to come to a conclusion? Not only will Mr. T have to have his staff look at this and then try and do something to keep the Country "alive". How can any sane person propose such ? In my world , I keep it simple, We need x amount of dollars to keep going. One page . When Congress is in their seats . Then deal with the other 1499 pages. But My life is simple. Governments life is complex by design.
The alternative is NOT to fund, and then make everybody in the so-called Congress fight for every single line item. At some point, passing the buck (literally) must stop and Congress has to put on its "big boy and girl" pants and do the job they signed up for and got elected to do. Sending this CR to the "president's" (haha WHAT president?) gets a signature, followed by bragging about he saved the country, again. This crock of madness needs to end. This is no better time. Best always. PM
Bingo my Brother, BINGO. The Japanese came to manufacture the best products in the world by having their people on the assembly lines consult with management . . . OFTEN. Management would act upon the information and advice those in the trenches provided and it made both quality and efficiency improve. Bill needs our prayers.
Bill, Bill, Bill...this is just the warm up to the main event, the real clowns are still in Florida arriving on the "short bus" in DC on January 20 with our illustrious reality game show host in chief ready to take the center ring. Let the show begin. Heaven help anyone (Elon) who tries to take the spotlight from the ring master.
Has anyone heard anything from Trump regarding this obscene spending agreement? Isn't Mike Johnson his boy? If Trump is serious about cutting spending why isn't Johnson starting now?
Secondly, does anyone have any info on the all-in costs of tariffs? I remember that during Trump's last administration he had to bail out the farmers because China cut back on buying US agriculture products in retaliation for the tariffs in Chinese products.
Now, for the why about my OCD fixation with this $UST10Y chart.
It is the chart’s right axis @ the 4.75 mark.
Even more specifically the # 4.755 that is trapped in my memory.
For which is offered kudos & a hat tip to Alasdair Macleod for his closing remarks on 13 Dec 2024 video entitled Endgame of fiat monetary system @ time stamp -38:24 here - https://youtu.be/7TlCMYIU_LM
Macleod saying, “…I would suggest that if the ten year Treasury rises above 4.755% yield you know this is going to collapse the equity markets that is a bubble plain and simple a complete bubble…”
Too iffy? Here’s Momentum Structural Analysis’ (MSA) Michael Oliver as of yesterday on a video entitled **Stock bubble and trigger points** https://m.youtube.com/watch?v=S7NKXCFS4Dk
Best Regards,
Mark
P.S. Kitco op ed 18 Dec 2024 by Gary Wagner entitled “Fed decision on interest rate cut…”
You guys nailed that one, especially Bill! Yea a few months of a bunch of nonsense from a few guys sitting around accepting greater lobbying contributions to themselves and then take what the lobbyists have written and implement a cost increase while calling the bill a great cost cutting measure on mainstream news.
Off topic, but, wouldn’t it be a wonderful sign of international cooperation and goodwill if Trump & Putin could agree to send a Russian spacecraft to the ISS to rescue our astronauts? I know, the quid pro quos could be challenging. Despite that, it would be a demonstration of man’s humanity and goodness. Sorry, I may be a little overcome by the spirit of the holidays. 😎
When I was a Petty Officer 2nd. Class Machinist's Mate in the U.S. Navy Nuclear Power program, every member of the Nuclear Power program had to read every incident report about mistakes made by Nuclear Power program sailors and initial each report.
Every lawmaker in Congress should have to initial each page of every law they vote on to show they read it.
As the saying goes: "If you always do what you always did, you will always get what you always got." For the Insider Bailout Crowd, this is exactly what they wish and intend: the scam continues. Best always. PM
Or, “That which does not change remains the same.”
Thank you Mr Denning for the (CR) continuing resolution link! Personally, I like reading these omnibus abominations. I always start by a quick doc search for the word “grant”. **My reason?**
485 mentions for grant counts here [https://docs.house.gov/billsthisweek/20241216/CR.pdf]
** Here are some other things to know about government grants**
• Grants are non-repayable funds, but they are not free money. You must spend the funds responsibly and according to the approved application.
• Grants are often short term, and when they run out, you have to start over.
• The government has strict regulatory and compliance requirements to ensure that the funds are spent properly.
• You must submit thorough records detailing how the grant was spent.
• Receiving a government grant can draw the attention of other potential sponsors or revenue sources.
In keeping with my previous pithy comment [©️ on Mr Bonner’s, “…the greasy ‘policy makers’ are…” I am going to use the heck outta that one]; the whole business of grants is a tax and spend racketeers windfall
• Most government grants are not for individuals, but rather for (NGO?) organizations and STATES… the serpent's of the district of corruption use their IRS collections grift to get tax money and gratuitously redistribute money.
I like what Byron said about having the elected dunces initial every page; which ought to slow their roll. Actually, the whole grants racket ought to be forbidden and made illegal (along with illegality for omnibus bills and CR’s) for the .gover’s to do. If the Vatican, META, Gates or Tractor Supply want to make grants…have at it and can use the same T&C’s.
We’ll see just how philanthropic the Vatican, META, Gates or Tractor Supply are with grants.
Cheers,
Mark
The more politicians that join the DOGE bandwagon the more it becomes a circus, but like I have said before, send in the clowns. Meme it to death. Assign a Minister of Silly Walks. Mock everything. Expose the waste, the fraud, the grifting with deadly parody. Create a new SNL dedicated to the task. Suit up The Babylon Bee. Make it a cottage industry.
Nothing changes in this world until it gets seriously laughed off the planet. That’s what happened to Joe Biden and Kamala Harris.
Agree completely - but I will say that one BIG difference I'm seeing already is the level of TRANSPARENCY being shown in the early stages of DOGE. Problems/Waste being clearly identified and defined, the individuals doing the identifying, and draft proposals of rectifying actions are all being publicly offered for suggestions, appraisals and yes, ridicule if warranted. That alone portends a ton of 𝗽𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 to actually have some success, IMO...
https://dogegov.com/
Bookmark this link/site so you can decide for yourself just how Honest Mr. Bonner is being with his readers in the coming months...
"Though Ramaswamy spoke in sweeping terms of cuts to come, enacting them may be harder. DOGE is not a formal government department and can only make recommendations.
It would be up to Trump and his Republican allies in Congress to try to enact them.
Business Insider's Jack Newsham reported last week that, with Republicans in control of both chambers, DOGE may have some success in cutting government spending and red tape.
Eliminating federal agencies could be a big ask, though. They're generally created by Congress and could require difficult votes to abolish"
Correct me if I am wrong but the initial funding for US government departments arises with the President sending a request to Congress for the funding?
In this case, what happens if the President does not do this?
Is this a back door for EM and VR?
Question about the DOGE gov.com site : Why are there so many articles referencing a doge tokens? What does this have to do with efficiency in government? Looks more like they are just pumping this "coin" or whatever it is.
The site is sponsored by the coin. As of yet I don't think there is an"official" site for the DOGE office. When there is, I will post it.
Regardless, the site cited (:)) DOES have some very interesting information about what DOGE (the department) is doing now...
But would you agree that it looks like a cheap way to pump their coin? Is Musk making more money off of this, pump up the coin then unload his coins to the next fool in line?
Yes, I would agree. Of course it's a cheap way to pump their coin, they are sponsoring the site - welcome to Capitalism. I only put the link there because they link to other news sites that are writing articles about actions being taken by DOGE the department. Personally, I ignore everything related to the digital currency aspect. I'm just trying to find accurate information.
Further, I don't believe EM is doing any of this to "unload to the next fool in line", and couldn't care less if I'm wrong about that part. Buyer Beware and all...
Though no advert for Fartcoin? And, no advert for NFT’s for Hunter’s artworks either?
Astonishingly, Fartcoin is up 6.32% in the last 24 hours. The current CoinMarketCap ranking is #206, with a live market cap of $967,980,725.
Exactly right about the “greater fool” aspect. Thanks!
M
Too many chefs spoil the soup, especially when the chefs' incomes depend on keeping the soup flowing, no matter how inedible it is. I suspect that Musk and Ramaswamy will let all this noise accumulate while they map out their equivalent of the Argentine crash diet and Twitter-to-X elimination of unnecessary functionality (no mass censorship-to-order divisions needed on a platform that facilitates free speech). The odds against their success are poor, but no other paths I've seen presented have better odds.
Hi FVM -
The "suck" is going to come when DOGE & Co. put in all the time, energy and effort to ID blatant waste and suggest viable ways to eliminate - then our worthless "legislators" refuse to step up and actually propose/approve any significant and necessary Change. This will allow our "media", crap politicians and lowlife bureaucrats to point the finger and gaslight about how much DOGE was a waste of time and how Elon and Vivek have failed, despite the fact that the Department can only present Evidence and make Recommendations. Assuredly our host will be a loud voice in that crowd.
Prepare for it - it's undoubtedly coming...
Maybe I'm missing something, but it appears that you and Bill are essentially on the same page---neither of you think DOGE will ultimately be successful.
Sadly, I agree with both of you.
Perhaps - but the reasons we each believe that Success may be hard to come by are polar opposites...
I prefer America of 1960. I was young; I discovered I was fortunate to be an American that the continent was filled with awesome beauty, and it had a wonderful history, a legacy passed down by millions who had struggled through the vagaries of life.
How fortunate I was.
Most of what I enjoy now existed… only less crowded and more gracious.
I can look around, today, and marvel at the wonders.
Warts and all, a wondrous place.
The national hymn seems to be “The Battle Hymn of the Republic.” I glory that “His truth is marching on.”
I strive to be in step with it. Slow but sure we stumble onward.
Bill, predictions are a " dime a dozen" as has been said many times before.
"DOGE" is an effort, Trump having selected two indiĺviduals who have no one to please, and have not an inclination to follow any previous plans or diagrams by so called "experts" (has-been-drips-under-pressure). They will get this done! They understand the playbook of those liberal, woke ne're do wells. Boom!
At this point, I'm a "Show me" guy. No more taking it on faith or any other thing. If it works, great, but why another department? Do we really need more "show" in government? Seems to me, Vivek and Elon could relay these recommendations over dinner, Trump could give them the OK, and then V&E could release the memo to the staff witht he Boss's imprimatur. Done. Why another government appendage? Best always. PM
Electric Jesus has one very important person to please. Himself.
Petty, thy name is Bill Bonner.
What a bitter, gas-lighting, unfounded and deceitful column by a person with glaringly serious Envy issues. You couldn't do it in the '70's, so OBVIOUSLY these johnny-come-latelys will also fail.
You are in a really shitty place right now, Bill. We'll pray for you...
PS - It is a Wise and Prudent action to include the counsel of government workers in the effort to increase efficiency and cut overall spending. Anyone who tells you different is a FOOL...
This relates to employee input. There is a concept called 3 by 3. It's helpful in terms of sales and strategic or tactical planning. I could use a hundred pages here... The bottom line is if you get 3 individuals completely unrelated, likely adversarial and perhaps competing for capital within the overall organization to advance the same ideas on improvements, its gospel. Highly actionable. Highly.
Successful.
The dodge boys know this.
I think You would have to admit that Bill has some good points. Even Dan at the end of this writing wrote that 1500 pages for more money. You and I know this will be rubber stamped and all the "new spending " will just grow. Tell Me when was the last time You read 1500 pages in a short time and had to come back and re-read to come to a conclusion? Not only will Mr. T have to have his staff look at this and then try and do something to keep the Country "alive". How can any sane person propose such ? In my world , I keep it simple, We need x amount of dollars to keep going. One page . When Congress is in their seats . Then deal with the other 1499 pages. But My life is simple. Governments life is complex by design.
The alternative is NOT to fund, and then make everybody in the so-called Congress fight for every single line item. At some point, passing the buck (literally) must stop and Congress has to put on its "big boy and girl" pants and do the job they signed up for and got elected to do. Sending this CR to the "president's" (haha WHAT president?) gets a signature, followed by bragging about he saved the country, again. This crock of madness needs to end. This is no better time. Best always. PM
Agreed.
Bingo my Brother, BINGO. The Japanese came to manufacture the best products in the world by having their people on the assembly lines consult with management . . . OFTEN. Management would act upon the information and advice those in the trenches provided and it made both quality and efficiency improve. Bill needs our prayers.
Thanks Dan Denning for the always great charts.
Merry Christmas & safe travels!!
Bill, Bill, Bill...this is just the warm up to the main event, the real clowns are still in Florida arriving on the "short bus" in DC on January 20 with our illustrious reality game show host in chief ready to take the center ring. Let the show begin. Heaven help anyone (Elon) who tries to take the spotlight from the ring master.
Because TraitorJoe and the CacklingHo were such a better option...
My
Son goes to school in the short bus.Are you insulting my son?
Has anyone heard anything from Trump regarding this obscene spending agreement? Isn't Mike Johnson his boy? If Trump is serious about cutting spending why isn't Johnson starting now?
Secondly, does anyone have any info on the all-in costs of tariffs? I remember that during Trump's last administration he had to bail out the farmers because China cut back on buying US agriculture products in retaliation for the tariffs in Chinese products.
A fascinating chart today Mr Denning, the $UST10Y https://tinyurl.com/28kbprce
▫️a death cross ~ 22 July ‘24
Fast forward to
▫️a golden cross ~ 9 Dec ‘24
Now, for the why about my OCD fixation with this $UST10Y chart.
It is the chart’s right axis @ the 4.75 mark.
Even more specifically the # 4.755 that is trapped in my memory.
For which is offered kudos & a hat tip to Alasdair Macleod for his closing remarks on 13 Dec 2024 video entitled Endgame of fiat monetary system @ time stamp -38:24 here - https://youtu.be/7TlCMYIU_LM
Macleod saying, “…I would suggest that if the ten year Treasury rises above 4.755% yield you know this is going to collapse the equity markets that is a bubble plain and simple a complete bubble…”
Too iffy? Here’s Momentum Structural Analysis’ (MSA) Michael Oliver as of yesterday on a video entitled **Stock bubble and trigger points** https://m.youtube.com/watch?v=S7NKXCFS4Dk
Best Regards,
Mark
P.S. Kitco op ed 18 Dec 2024 by Gary Wagner entitled “Fed decision on interest rate cut…”
https://www.kitco.com/opinion/2024-12-18/fed-decision-interest-rate-cut-not-important-feds-2025-policy-projections
**Video Timestamps**
00:00 Introduction
01:03 Michael Oliver’s market outlook: Stock bubble and trigger points
04:29 Gold and silver: Why this time is different
06:57 The Fed's role: Interest rates, cuts, and market impact
10:22 Stock market warning: Momentum signals for a breakdown
13:16 What are trigger points, and how does Michael identify them?
17:17 Why the Fed might cut rates despite rising inflation
20:32 2025 outlook: Rate cuts, economic weakness, and market reaction
23:08 Key sectors under pressure: Financials, real estate, and healthcare
29:06 Trump policies and their market impact
32:31 Bonds vs. Gold: Safe havens during market uncertainty
37:34 Eurozone outlook: Challenges and comparison to U.S. markets
39:43 U.S. dollar: Is a breakdown coming?
42:26 Mining stocks: Sentiment, price action, and future potential
46:43 Why gold miners lag gold—and why that may change
49:54 Commodities outlook for 2025: A new breakout on the horizon
52:45 Gold price predictions: $8,000 and beyond?
54:47 Closing thoughts and where to find Michael Oliver's work
EMLC getting hammered!!!
Today, e v e r y t h i n g in the $&P clubhouse got hammered. This is one red carpet!
https://finviz.com/map.ashx?t=sec
... don't bother, they're here.
You guys nailed that one, especially Bill! Yea a few months of a bunch of nonsense from a few guys sitting around accepting greater lobbying contributions to themselves and then take what the lobbyists have written and implement a cost increase while calling the bill a great cost cutting measure on mainstream news.
Off topic, but, wouldn’t it be a wonderful sign of international cooperation and goodwill if Trump & Putin could agree to send a Russian spacecraft to the ISS to rescue our astronauts? I know, the quid pro quos could be challenging. Despite that, it would be a demonstration of man’s humanity and goodness. Sorry, I may be a little overcome by the spirit of the holidays. 😎