Categories: Politics

‘Musk unleashed’: Shuts down USAID, gains access to Treasury

Elon Musk has once again unleashed “Shock & Awe,” announcing the demolition and closure of USAID, the U.S. foreign aid agency with 10,000 employees that distributes $40 billion annually to 180 nations.

The headquarters in Washington, D.C., has been shut down, with Musk locking out 600 employees.

The tech billionaire declared the agency “beyond repair,” posting: “It became clear this isn’t just an apple with a worm inside. What we have is a tangled mess of worms. Essentially, the whole thing needs to go. It’s beyond fixing.” The drastic move sent shockwaves across the globe.

NEW YORK, NEW YORK – NOVEMBER 16: President-elect Donald Trump and Elon Musk pose for a photo during the UFC 309 event at Madison Square Garden on November 16, 2024 in New York City. (Photo by Jeff Bottari/Zuffa LLC)

Musk’s Financial Power Grab Sparks Panic

Ending U.S. foreign aid wasn’t the only bombshell: Musk’s new government efficiency agency, DOGE, has gained access to the core of the U.S. financial system—specifically, Treasury portals handling transactions worth $5 trillion. The move triggered panic in the financial sector.

Reports indicate that Musk has already halted payments to government contractors.

Trump and Musk Slash Aid to South Africa

Trump and Musk also announced cuts to aid for South Africa—Musk’s birthplace. The country’s majority-Black government faces accusations of “human rights violations,” particularly regarding a controversial land confiscation law allegedly targeting White property owners.

Herbert Bauernebel

Herbert Bauernebel has been reporting from New York since 1999 and currently works for Bild.de, OE24 TV, and US Live. He also runs the news portal AmerikaReport.de. Bauernebel has covered nearly all major US events of the past quarter-century, including 9/11, Hurricane Katrina, Barack Obama’s election, Donald Trump’s surprise victory, the pandemic, last year’s election showdown, as well as natural disasters such as hurricanes and oil spills. He has also reported firsthand on international events, including the Asian tsunami, the Haiti earthquake, and the Fukushima disaster. He lives in Brooklyn with his family and holds degrees in communication and political science from the University of Vienna. Bauernebel is the author of a book about his experiences on 9/11, And the Air Was Full of Ash: 9/11 – The Day That Changed My Life.

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