Latest / Simply Bitcoin / Elon Musk’s Shocking WARNING: Did DOGE Prove $1M Bitcoin Is INEVITABLE?! | Simply Originals

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Elon Musk’s Shocking WARNING: Did DOGE Prove $1M Bitcoin Is INEVITABLE?! | Simply Originals · Simply Bitcoin

• 0:00
  The Department of Government Efficiency told you that they
• 0:03
  saved $170 billion. That's the headline.
• 0:07
  That's what they wanted you to walk away with.
• 0:10
  Well, here's what they didn't tell you.
• 0:12
  For every dollar the government has spent since DOGE started,
• 0:17
  they saved $0.04. Not $4.00, not $0.40.
• 0:22
  Four cents on the dollar. And in three months since the
• 0:26
  great rescue operation began, the government spent $20 billion
• 0:30
  dollars more than the same period under Biden.
• 0:32
  The deficit is bigger. The debt is still growing.
• 0:36
  Let that register. What did Elon say?
• 0:38
  Let that sink in. This wasn't a fiscal rescue
• 0:41
  operation. It was a magic show designed to
• 0:44
  fool you into believing something can actually stop this
• 0:49
  train. But we know better, don't we?
• 0:52
  And. We're also going to address the,
• 0:58
  the deficit. So we've got a $2 trillion
• 1:00
  deficit. And if this, if we don't do
• 1:03
  something about this deficit, countries going bankrupt.
• 1:06
  I mean, it's, it's really astounding that the the interest
• 1:11
  payments alone on national debt exceed the Defense Department
• 1:14
  budget, which is shocking because we we've got a lot, we
• 1:18
  spend a lot of money on defense, but and if that just keeps
• 1:22
  going, we're essentially going to back up the country.
• 1:24
  Today we're breaking down the doge numbers.
• 1:26
  The real ones. Not the ones on the website, not
• 1:29
  the ones Elon put on a wall. Someone needs to do the math.
• 1:33
  Someone had to do it, so let's do it.
• 1:36
  Here's the problem. Here's why it can never work,
• 1:40
  and here's what you can do about it.
• 1:42
  The number they keep showing you is 170 billion.
• 1:46
  Contract cancellations, lease terminations, workforce
• 1:49
  reductions, the wall of receipts, big number, bold
• 1:52
  graphic. The ticker goes up every day,
• 1:55
  and if you don't look too closely, it almost sounds real.
• 1:59
  What is real? How do you define real?
• 2:03
  The $170 billion figures full of revised entries, inaccurate data
• 2:07
  and double counted wins. Contracts that were already
• 2:11
  expiring. Savings that haven't been
• 2:14
  realized. Savings that may never be
• 2:16
  realized. The New York Times, NPR and
• 2:19
  Independent Budget Analysis went through the wall of receipts
• 2:21
  line by line. They found a fraction of the
• 2:25
  claimed number. Doja's own website has had to
• 2:28
  revise figures down, sometimes dramatic, exactly after
• 2:32
  independent scrutiny. And this isn't coming from some
• 2:35
  left wing critic. The Wall Street Journal, not
• 2:38
  exactly a bastion of government spending advocacy, looked at
• 2:42
  Doja's numbers, and here's what they found.
• 2:45
  Doja's wall of savings has been highly unreliable, riddled with
• 2:50
  numerous errors. So what did Musk and DOJ
• 2:53
  actually accomplish? And what's next for the agency
• 2:57
  without Musk, Elon? Musk.
• 3:00
  During the election, Musk said Doge could save.
• 3:03
  We can. Do at least 2 trillion, yeah.
• 3:07
  By March, Musk reduce that projection.
• 3:10
  Our goal is to reduce the deficit by a trillion dollars.
• 3:14
  The numbers that they initially threw out seemed really far
• 3:17
  fetched. There it is, riddled with
• 3:18
  errors, highly unreliable. Their words, The Wall Street
• 3:22
  Journal. And while DOGE was busy updating
• 3:25
  the counter, while the savings ticker was going up, the federal
• 3:28
  government spent $20 billion more Trump's first three months
• 3:32
  than Biden did in the same period the year before the
• 3:36
  spending went up. That's not a partisan talking
• 3:39
  point. That's the Treasury Department's
• 3:41
  own fiscal data. So what exactly is DOGE cutting
• 3:46
  actually show you? The federal budget. 64% of
• 3:50
  federal spending, almost 2/3 goes to Social Security,
• 3:53
  Medicare, Medicaid, income security, and veterans benefits.
• 3:57
  Mandatory programs baked into law.
• 3:59
  You want to change them? You need Congress.
• 4:02
  And Congress on both sides of the aisle will not touch them.
• 4:06
  Touch them and you lose the next election.
• 4:08
  This is not a hot take. This is mathematical and and
• 4:12
  political reality. 14% goes to defense and I think we can
• 4:17
  easily discern that nobody in this administration is cutting
• 4:21
  defense. If anything, that budget is
• 4:24
  going up. And then there's the interest.
• 4:28
  Roughly 13%. That's $1 trillion a year going
• 4:33
  directly to service the national debt, $1 trillion every single
• 4:37
  year, more than the entire defense budget.
• 4:40
  That money is already spent. It can't be cut.
• 4:44
  It's already owed. It's all a Fugazi.
• 4:47
  You know what Fugazi is? Well, Fugazi.
• 4:49
  It's a fake. Yeah.
• 4:50
  Fugazi. Fugazi.
• 4:51
  It's a Wazi. It's a Wazi.
• 4:53
  It's a what's left personnel, federal workers, the people DOGE
• 4:57
  is actually firing. Personnel costs are 4% of the
• 5:02
  federal budget. Four, 4%.
• 5:05
  Let me do this math slowly so it lands, and it's the only way I
• 5:08
  can do math. You could fire every single
• 5:11
  federal employee in the country, every TSA agent, every Forest
• 5:15
  Service manager, every IRS worker, every bureaucrat, and
• 5:20
  every agency, every single one, and it would not close the
• 5:24
  deficit, not even close. The interest payments alone, $1
• 5:29
  trillion a year, or more than the entire civilian federal
• 5:33
  workforce cost by hundreds of billions of dollars.
• 5:36
  Personnel doesn't even cover one year of interest.
• 5:40
  This is what DOGE is working with. 4% in a budget where the
• 5:45
  interest payment alone is 13%. Let that sink in.
• 5:49
  Let me give you the trajectory. The national debt is currently
• 5:54
  101 percent of GDP. The total amount owed by the US
• 5:59
  government is now larger than the entire economic output of
• 6:02
  the country. In a year.
• 6:03
  The CBO, the nonpartisan Congressional Budget Office,
• 6:06
  projects 23.1 trillion in new deficits over the next decade.
• 6:12
  That's $2.3 trillion a year on average, added to the debt every
• 6:16
  year for 10 years. By 2036, the debt hit it's 120%
• 6:21
  of GDP by twenty 56175%. These are not projections from
• 6:27
  Bitcoin Twitter, these are the government's own numbers
• 6:30
  published on the record. DOGE claimed 170 billion in
• 6:35
  savings. The government is projected to
• 6:37
  add 23 trillion in new debt. The ratio of Doge's claim
• 6:42
  savings to projected new debt is less than 1%.
• 6:45
  Less than 1%, or cents on the dollar.
• 6:49
  Who's being generous? DOGE is a press release with a
• 6:52
  logo. The math was never there.
• 6:55
  Not even close. But look, if you're watching
• 6:59
  this and you're thinking I need to be doing something right now,
• 7:01
  let me tell you about the Bitcoin way.
• 7:04
  The system isn't going to fix itself.
• 7:06
  We just showed you the math. So the question is you have a
• 7:10
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• 7:12
  only consultancy. They'll set you up with full
• 7:15
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• 7:19
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• 7:21
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• 7:25
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• 7:28
  location, insurance, your stack and a free country.
• 7:32
  Schedule your free 30 minute consultation using that link
• 7:35
  below in the show notes. Now let me explain exactly why
• 7:39
  this math never adds up, and why it never will.
• 7:42
  The federal government collects about $5 trillion a year in
• 7:46
  revenue. It spends about 7 trillion.
• 7:48
  That $2 trillion gap gets added to the national debt every
• 7:52
  single year. This is a structural deficit.
• 7:56
  The government is structurally obligated to spend more than it
• 7:59
  takes in by law, by commitments made over decades of
• 8:03
  legislation, and you cannot efficiency your way out of a
• 8:07
  structural deficit. Efficiency saves you rounding
• 8:10
  errors, but it doesn't close a $2 trillion hole.
• 8:15
  The interest payments, This is the number that should bother
• 8:18
  you. One trillion a year and it's not
• 8:21
  going down. The feds rate cut cycle has been
• 8:24
  slow and cautious. Core PCE still above target.
• 8:28
  The CBO says we won't hit the 2% inflation target until 2030,
• 8:33
  which means rates stay elevated, which means the interest bill
• 8:37
  stays elevated, which means trillion dollar floor keeps
• 8:40
  rising. And this isn't a new
• 8:42
  realization. Jerome Powell, the Fed chair has
• 8:45
  been saying this for years. the Fed chair, not a Bitcoin
• 8:49
  maximalist, not an Austrian economist, Jerome Powell.
• 8:53
  But we've been on an unsustainable fiscal path for a
• 8:56
  long time, and there's no hiding from it.
• 8:58
  He said that not once repeatedly over the years, the spending
• 9:03
  continued anyway. We've been on an unsustainable
• 9:07
  fiscal path for a long time and there's no hiding from it.
• 9:12
  In the end, we will have to face that.
• 9:13
  And I think, you know, the sooner the better.
• 9:17
  And, and, and also these are good times.
• 9:20
  These are, you know, this is, this is the economy at nearly
• 9:23
  full employment or in the range in the neighborhood of full
• 9:25
  employment. Interest rates are low.
• 9:28
  It's it's a good time to be addressing these things.
• 9:30
  So I, I just, I put that out there and leave it at that.
• 9:33
  Here's what a trillion dollars in interest means in practice.
• 9:37
  You're not spending that trillion on roads, not on
• 9:40
  schools, not on defense, not on anything that generates future
• 9:43
  economic activity. You're spending it to pay down a
• 9:47
  debt that is in itself growing. The Wall Street Journal
• 9:50
  explained what that actually looks like.
• 9:52
  We have so much debt that we're borrowing to pay the interest on
• 9:56
  the previous debt. Well, that's like getting a new
• 9:57
  credit card to pay off the old one.
• 9:59
  And if you're doing that, you're in trouble.
• 10:00
  So right now, if interest rates go up just one percentage point
• 10:04
  more than they're expected to. It adds about. $300 billion in
• 10:08
  borrowing a year. So if some debt is good, but too
• 10:12
  much debt can be bad, when does it become bad?
• 10:15
  Bad. Like unsustainable bad.
• 10:17
  Getting a new credit card to pay off the old one, That's the
• 10:20
  United States government every year, $1 trillion a year.
• 10:23
  In the reconciliation bill currently moving through
• 10:26
  Congress, the CBO says it adds another 4.1 trillion / 10 years,
• 10:31
  including debt service on the new debt they're borrowing to
• 10:35
  pay the interest on the borrowing.
• 10:37
  Now, here's the part where you might say, OK, but we've, we've
• 10:40
  always managed this right. We can get through it.
• 10:43
  The economy grows, we grow out of it.
• 10:46
  That argument works. For a while, Lynn Alden has been
• 10:49
  documenting why it stopped working.
• 10:52
  And yet the deficit has blown out to 6 or 7%.
• 10:55
  Even even before and after the pandemic, this was already
• 11:00
  happening. Obviously it went into OverDrive
• 11:01
  during the pandemic, but we're kind of in this new world now.
• 11:05
  I'm I'm not the first person to talk about the deficits, but I'm
• 11:08
  trying to bring attention to what's going on now that was not
• 11:11
  going on for many decades. Shrinking unemployment, low
• 11:14
  unemployment, strong economy, and the deficit still blew out
• 11:17
  to 6 or 7% of GDP. That's the new regime.
• 11:21
  This isn't a recession time deficit.
• 11:23
  This isn't emergency spending. This is structural.
• 11:27
  The mandatory programs, Social Security, Medicare grow
• 11:31
  automatically as the population ages.
• 11:34
  The baby boomers generation is retired, hiring at a rate of
• 11:36
  10,000 people per day. Every one of them becomes a net
• 11:40
  drain on Social Security and Medicare instead of a
• 11:42
  contributor. Interest compounds.
• 11:45
  The political system can't touch either category.
• 11:49
  So nothing stops this train. So where does the money go?
• 11:54
  Who holds the debt? Foreign governments hold a chunk
• 11:57
  China, Japan, other sovereign wealth funds, domestic
• 12:01
  institutions, pension funds, insurance companies, banks. the
• 12:05
  Fed, the people in institutions that already have capital and
• 12:09
  and the mechanism by which the debt gets serviced is
• 12:12
  debasement. The government runs deficits,
• 12:14
  the Fed absorbs some of it through bond markets.
• 12:17
  The money supply expands. The dollar loses purchasing
• 12:20
  power gradually, consistently. And here's the consequence.
• 12:25
  The people with hard assets, real estate, equities,
• 12:27
  commodities, Bitcoin, well, they watch their wealth hold or grow
• 12:31
  in nominal terms. The people with cash savings,
• 12:34
  with checking accounts, with dollar denominated fixed income
• 12:37
  while they watch their purchasing power erode
• 12:40
  automatically every year, no vote required.
• 12:44
  That's the transfer mechanism. That's how wealth moves from
• 12:47
  people who hold dollars to people who hold assets.
• 12:51
  And DOGE doesn't fix it. Doge is theater.
• 12:55
  The machine keeps running. Banks are tightening, credit is
• 12:58
  expensive. The system was just described.
• 13:01
  The one running a trillion dollar interest bill is not on
• 13:04
  your side. But if you hold Bitcoin, you
• 13:06
  already have your own liquidity. Leaden lets you borrow against
• 13:09
  your Bitcoin without selling a single sack, no credit check, no
• 13:13
  bank approval. Your Bitcoin is the collateral,
• 13:15
  pristine collateral. Over 10 billion in loans funded
• 13:19
  since 2018. Proof of reserves every six
• 13:22
  months. Make your stack work without
• 13:24
  giving it up. Head over to leaden dot IO slash
• 13:27
  simply today. That's leaden dot IO slash
• 13:31
  simply. So what do you do with this?
• 13:33
  First, let me tell you what you cannot do, because there are a
• 13:36
  lot of wrong answers being sold right now.
• 13:38
  You can't vote this away. The 23 trillion in projected
• 13:42
  deficits is a structural obligation.
• 13:44
  It exists regardless of who wins in 2028 or whenever.
• 13:48
  It exists regardless of which party controls Congress.
• 13:52
  Ronald Reagan ran on cutting the deficit.
• 13:54
  The deficit went up. Clinton ran surpluses for four
• 13:58
  years, then they were gone within three years of the next
• 14:00
  administration. Obama, Trump, Biden.
• 14:03
  Every president inherits the structural problem.
• 14:06
  None of them fixed it, because fixing it requires cutting
• 14:10
  Social Security and Medicare or raising taxes dramatically, or
• 14:14
  both. All of the above and none of
• 14:17
  those are politically viable. The system cannot fix the
• 14:21
  system. That's the point.
• 14:23
  You also cannot doze your way out of it.
• 14:25
  We showed you the math 4% is personnel.
• 14:28
  You can fire every federal employee and it doesn't close
• 14:31
  the structural gap. You can cancel every
• 14:34
  discretionary contract and it doesn't close the gap.
• 14:37
  The problem lives in the 96%. Doge isn't touching.
• 14:41
  And here's the dark comedy. Doge spent months generating
• 14:45
  headlines about savings it couldn't verify in a category
• 14:49
  that structurally cannot fix the problem, while the mandatory
• 14:52
  programs grew, the interest compounded, and the debt got
• 14:56
  bigger anyway, that's just a failure of the entire premise.
• 15:00
  You also cannot save your way out of this in cash.
• 15:04
  If you're sitting on a savings account earning 4% while
• 15:07
  inflation runs at 3% and the money supply is expanding,
• 15:11
  you're not saving. You're barely treading water.
• 15:14
  As rates come down, that 4% comes with them.
• 15:17
  The structural debasement of the dollar is not a bug in the
• 15:20
  system, it's how the debt gets managed.
• 15:22
  The Fed doesn't have to print a trillion dollars and hand it
• 15:24
  out. It just needs to allow
• 15:26
  purchasing power to erode slowly, gradually, over decades,
• 15:32
  until the real value of the debt is smaller than it was when it
• 15:35
  was issued. You're on the other side of that
• 15:37
  trade every day, whether we realize it or not, That's where
• 15:40
  we are. You can remove yourself from the
• 15:43
  inflation mechanism. The debt gets serviced by
• 15:46
  debasement. The dollar gets printed.
• 15:48
  The people with hard assets hold.
• 15:50
  The people with cash savings get diluted.
• 15:52
  That's the playbook. That's how it is always worked.
• 15:56
  Bitcoin is the exit from that mechanism.
• 15:58
  Not because bitcoiners say so, Because the math of a fixed
• 16:01
  supply against infinite printing is not complicated. 21 million
• 16:06
  coins maximum. That number doesn't change.
• 16:09
  And when the CBO revises the deficit upward, it doesn't
• 16:12
  change. When Congress passes another
• 16:14
  reconciliation bill, it doesn't change When the Fed runs rates
• 16:18
  longer than expected. Governments can print.
• 16:21
  They cannot print more Bitcoin. The CBO projects 23 trillion in
• 16:25
  new debt. Over the next decade, the
• 16:28
  Bitcoin protocol will produce exactly 656,250 new coins over
• 16:34
  that same period through scheduled mining rewards.
• 16:37
  That's it. That's the fixed side against
• 16:40
  the government's flexible side. The arbitrage isn't subtle.
• 16:43
  Now I want to be specific about something because this
• 16:46
  distinction matters. The exit is not buying a Bitcoin
• 16:49
  ETF. It's not a paper claim on
• 16:51
  Bitcoin through your brokerage. It's not holding on an exchange.
• 16:55
  If you own a Bitcoin ETF, you own a dollar denominated
• 16:59
  instrument that tracks bitcoins price and the system has a
• 17:03
  crisis. That instrument lives within the
• 17:05
  system. It can be frozen, it can be
• 17:08
  suspended. It is not the asset.
• 17:11
  Self custody your own keys, Bitcoin on a hardware wallet
• 17:14
  connected to your own node. That's the actual exit.
• 17:17
  That's the position the people who understand this have taken
• 17:21
  strategy holds 738,000 plus Bitcoin.
• 17:24
  They don't hold ETF shares, they hold the coin.
• 17:28
  And there's a reason for that. The system isn't going to fix
• 17:31
  itself. The numbers are public.
• 17:32
  The CBO published them. the Fed chair said it on camera.
• 17:36
  The Wall Street Journal ran the math on Doja's own savings
• 17:39
  figures. Nobody is hiding this, it's just
• 17:42
  that most people are waiting for someone else to fix it.
• 17:45
  Nobody is fixing it. Stack Bitcoin, take self
• 17:48
  custody, get off the exchanges, get off the paper claims, get
• 17:51
  the actual asset. Because the system is working
• 17:54
  exactly as designed for the people who figure out the exit
• 17:58
  first. Are you one of them?
• 18:00
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• 18:03
  Not just digital sovereignty. Physical satellite phones for
• 18:06
  when cell towers go down. Starlink kits for off grid
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• 18:12
  and EMP portable power so you never dependent on the grid.
• 18:16
  Self custody doesn't end at your wallet.
• 18:18
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• 18:21
  too. Don't forget to use code
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  simply@sat123.com/simply Bitcoin and get 15% off your entire
• 18:28
  purchase. You guys enjoyed this one.
• 18:30
  Don't forget to like subscribe and give us a pump by sharing
• 18:33
  with somebody who thinks doge fixed the debt.
• 18:37
  You need to see the math drop a comment.
• 18:40
  What percentage of your savings is outside the Fiat system right
• 18:43
  now? Let's see it.
• 18:44
  I'm Rustin. This is simply originals Ross
• 18:47
  signal set those notifications. We get a lot more coming your
• 18:50
  way. Love you guys, catch you next
• 18:51
  time if you prefer. To go down with the ship.