It’s a bit unsettling, isn’t it, to think that the very symbols of American value, stamped with icons like the bald eagle and legally guaranteed as “100 percent American,” might have a much murkier origin story? The core of this whole discussion revolves around the U.S. Mint buying gold and then selling it to the public, seemingly as a pure American product. The law, as it stands, mandates that the Secretary of the Treasury acquire gold for these coins primarily from gold mined in the United States. However, it also offers a crucial loophole: if U.S.-mined gold isn’t available at the average world price, the Secretary can dip into existing U.S.… Continue reading
The US Treasury’s inspector general has initiated an audit into Dogecoin’s (DOGE) access to the federal payment system, as reported by the Associated Press. This audit, focusing on the past two years of transactions, raises significant questions about the scope and methodology involved. The timing of the audit, especially considering recent events and the seemingly limited timeframe of the actual issue, has sparked considerable debate.
The apparent incongruity between auditing security controls and reviewing two years’ worth of transactions suggests a potential mismatch in the audit’s objectives. Auditing security controls would typically focus on vulnerabilities and preventative measures, while reviewing transactions would investigate potential financial irregularities or unauthorized access.… Continue reading
Matt Underwood