UPDATE 04/02/2026:
Go ahead, take a look at your portfolio.
"Maintained liquidity" isn't exactly something to brag about either.
Yes, enforcement means everything. But is it too late? What has Musk already done to make this closing the barn door after the horses have left?
2/ they already have over key computer systems, payment systems, etc. and with the press picture it’s not that things aren’t getting out. The stuff abt the Treasury payments systems and control over certain computer networks has been reported. It’s more putting together the big picture abt how …3/ different pieces fit together. There also seems to be a significant amount of downloading government data onto private servers, etc, totally outside any cybersecurity regime. Additionally it’s unclear to the people inside whether the people doing these things actually work for the US govt…
4/ who they are, whether they’re even American citizens. They all seem to be Thiel and Musk protégés. And I’ve had multiple references to their refusing to identify themselves by anything but first name. The rationale given is that they could be doxed.
5/ One additional point and to be clear this latter stuff isn’t from my reporting just pieced together other reports and what musk is saying himself. They’re into th ex treasury payment system and claiming they’ve already found like $4B in “savings” a day.6/ It’s important to know what this means. This is simple his DOGE team reviewing the US federal budget, law of the land and deciding which parts aren’t necessary. It sounds like they’re saying they will unilaterally cut these funds with control over the check writing at Treasury.7/ They’re not saying that last part explicitly but that’s certainly the logic of what they’re saying. (Go look at his tweets over thd last two days). So a group of Musk protégés seem to be overruling the US federal budget. Impoundment by the president is illegal. It’s hard to think through …8/ the levels of illegality having a group of people who don’t even seem to be US government employees doing it.
Continue reading.Musk Junta Seizes Key Governmental Offices
February 1, 2025
By William Boot
WASHINGTON, D.C. — What started Thursday as a political purge of the internal security services accelerated Friday into a full-blown coup, as elite technical units aligned with media oligarch Elon Musk moved to seize key systems at the national treasury, block outside access to federal personnel records, and take offline governmental communication networks.
With rapidity that has stunned even longtime political observers, forces loyal to Musk’s junta have established him as the all-but undisputed unelected head of government in just a matter of days, unwinding the longtime democracy’s constitutional system and its proud nearly 250-year-old tradition of the rule of law. Having secured themselves in key ministries and in a building adjacent to the presidential office complex, Musk’s forces have begun issuing directives to civil service workers and forcing the resignation of officials deemed insufficiently loyal, like the head of the country’s aviation authority.
The G-7 country’s newly installed president, a mid-level oligarch named Donald Trump, appeared amid Musk’s moves to be increasingly merely a figurehead head of state. Trump is a convicted felon with a long record of family corruption and returned in power in late January after a four-year interlude promising retribution and retaliation against foreign opponents and a domestic “Deep State.” He had been charged with attempting to overthrow the peaceful transition of power that had previously removed him from office in 2021, but loyalist elements in the judiciary successfully blocked his prosecution and incarceration, easing his return to power.
Over the last two weeks, loyalist presidential factions and Musk-backed teams have launched sweeping, illegal Stalin-esque purges of the national police forces and prosecutors, as well as offices known as inspectors-general, who are typically responsible for investigating government corruption. While official numbers of the unprecedented ousters were kept secret, rumors swirled in the capital that the scores of career officials affected by the initial purges could rise into the thousands as political commissars continued to assess the backgrounds of members of the police forces.
Doomsday Scenario
The highest-ranking career official at the Treasury Department is departing after a clash with allies of billionaire Elon Musk over access to sensitive payment systems.
[...]
President Donald Trump named [David] Lebryk as acting secretary upon taking office last week. Lebryk had a dispute with Musk’s surrogates over access to the payment system the U.S. government uses to disburse trillions of dollars every year.
[...]
When Scott Bessent was confirmed as treasury secretary on Monday, Lebryk ceased to be the acting agency head.
[...]
Officials affiliated with Musk’s “Department of Government Efficiency” have been asking since after the election for access to the system [...] — requests that were reiterated more recently, including after Trump’s inauguration.
[...]
Run by the Bureau of the Fiscal Service, the sensitive systems control the flow of more than $6 trillion annually to households, businesses and more nationwide. Tens, if not hundreds, of millions of people across the country rely on the systems, which are responsible for distributing Social Security and Medicare benefits, salaries for federal personnel, payments to government contractors and grant recipients and tax refunds, among tens of thousands of other functions.
[...]
Musk has sought to exert sweeping control over the inner workings of the U.S. government, installing longtime surrogates at several agencies, including the Office of Personnel Management, which essentially handles federal human resources, and the General Services Administration, which manages real estate.
WaPo