(ZeroHedge)—The Ron Paul ‘Revolution‘ could be on the horizon as President-elect Donald Trump prepares to take office next month. Elon Musk, one of Trump’s top advisors, wrote on X about creating efficiencies at the Federal Reserve.
“The Fed is absurdly overstaffed,” Musk wrote on X early Monday morning, responding to Chamath Palihapitiya’s post about the Fed’s latest interest rate decision (read here).
The Fed is absurdly overstaffed
— Elon Musk (@elonmusk) December 23, 2024
A recent note from the Mises Institute pointed out that about 23,000 people work at the Federal Reserve Board in Washington and 12 regional reserve banks across the US.
The Federal Reserve System
“But there’s more to it than that. The financial statements reveal that the Board of Governors expenses and currency costs were $2 billion. If this constitutes salaries, then total salaries and pension costs at the Fed become closer to $7 billion. Dividing this figure by 23,000 people equals around $304,000 per employee,” Mises said.
This is the breakdown of employees by function/organization (should be roughly accurate). The vast majority is at the Reserve Bank level.
Where is the bloat and that should be optimized?
Would be interesting to see how AI is being used for automation and more advanced… pic.twitter.com/EpHRuP1S1c
— Lee Feldman (@Leeefeldman) December 23, 2024
Musk and Vivek Ramaswamy have been tasked with streamlining federal operations through the Department of Government Efficiency (DOGE). The department aims to create a leaner, more efficient government, including $2 trillion in spending cuts. The wish list of potential efficiencies continues to grow – with a ‘really bold plan for day one ‘ …
Days before the presidential election, Ron Paul asked on X if he could join DOGE in Trump’s second term. Musk responded: “Would be great to have Ron Paul as part of the Department of Government Efficiency!”
Would be great to have Ron Paul as part of the Department of Government Efficiency!
— Elon Musk (@elonmusk) November 1, 2024
Last week, Ron Paul wrote on X, “We should wean ourselves off The Fed, like we weaned ourselves off the mainstream media.” Musk responded: “Yes!! Ron Paul ftw.”
Yes!! Ron Paul ftw 🇺🇸🇺🇸 https://t.co/7W4YnraXPn
— Elon Musk (@elonmusk) December 17, 2024
Let’s not forget about 400 PhD economists at the Fed failed to forecast the inflationary storm triggered by the rapid expansion of the money supply by trillions—only for them to dismiss it as “transitory.” Such a massive misreading underscores the urgent need for restructuring. Errors of this magnitude are unacceptable.
With a workforce of 23,000, the Fed still manages to lose money—upwards of $200 billion.
Not to mention. pic.twitter.com/h9MW5CfQZq
— Ken Evans (@Snavenek) December 23, 2024
Perhaps Fed chair Jay Powell’s days are numbered.
Independent Journalism Is Dying
Ever since President Trump’s miraculous victory, we’ve heard an incessant drumbeat about how legacy media is dying. This is true. The people have awakened to the reality that they’re being lied to by the self-proclaimed “Arbiters of Truth” for the sake of political expediency, corporate self-protection, and globalist ambitions.
But even as independent journalism rises to fill the void left by legacy media, there is still a huge challenge. Those at the top of independent media like Joe Rogan, Dan Bongino, and Tucker Carlson are thriving and rightly so. They have earned their audience and the financial rewards that come from it. They’ve taken risks and worked hard to get to where they are.
For “the rest of us,” legacy media and their proxies are making it exceptionally difficult to survive, let alone thrive. They still have a stranglehold over the “fact checkers” who have a dramatic impact on readership and viewership. YouTube, Facebook, and Google still stifle us. The freer speech platforms like Rumble and 𝕏 can only reward so many of their popular content creators. For independent journalists on the outside looking in, our only recourse is to rely on affiliates and sponsors.
But even as it seems nearly impossible to make a living, there are blessings that should not be disregarded. By highlighting strong sponsors who share our America First worldview, we have been able to make lifelong connections and even a bit of revenue to help us along. This is why we enjoy symbiotic relationships with companies like MyPillow, Jase Medical, and Promised Grounds. We help them with our recommendations and they reward us with money when our audience buys from them.
The same can be said about our preparedness sponsor, Prepper All-Naturals. Their long-term storage beef has a 25-year shelf life and is made with one ingredient: All-American Beef.
Even our faith-driven precious metals sponsor helps us tremendously while also helping Americans protect their life’s savings. We are blessed to work with them.
Independent media is the future. In many ways, that future is already here. While the phrase, “the more the merrier,” does not apply to this business because there are still some bad actors in the independent media field, there are many great ones that do not get nearly enough attention. We hope to change that one content creator at a time.
Thank you and God Bless,
JD Rucker
