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Rachel Louis Ensign of the WSJ describes one moment in the Madison Square Garden Trump rally. In it Lutnick who Ensign describes as embracing controversial crypto finance business, and EV's Musk, say they plan to  create a Department of Government Efficiency or DOGE, also the name of a cryptocurrency.

The US Federal Reserve, the European Central Bank and the central banks of China, India have warned of risks and dangers associated with Crypto currency which has no backing of the government.

In one moment of the rally at Madison Square Garden as reported in the WSJ.

Lutnick says-

"How much do you think we can rip out of this wasted, $6.5 trillion Harris-Biden budget?”  

“I think we could do at least $2 trillion,” Musk said. 

Fitzgerald says "Yeah"

A budget that the large part of includes spending for Social Security, Medicare, Defense, Education, and other departments of government.

Howard Lunick is Donald Trump's head of Human Resources in 2024, for hiring people to run the government under his administration. In 1993 he was running the company Cantor Fitzgerald and taking his son to kindergarden when the bombings of the World Trade Center by terrorists killed 980 of the company's employees. Fitzgerald has contributed to Kamala Harris's campaign for US Senate in 2016, and calls himself a fiscal conservative and social liberal. In 2023 he was invited by Trump to help his campaign. Fitzgerald says the Democratic party left him with its immigration and other policies.

This report by Rachel Louis Ensign in WSJ says Cantor Fitzgerald's company has embraced crypto, which larger companies have stayed away from. It says the WSJ has reported that a Hong Kong based owner of the stable coin tether used Cantor Fitzgerald to help oversee its $39 billion bond portfolio. Crypto finance is reported as playing a large part in 2024.

Rachel Louis Ensign of the WSJ describes one moment in the Madison Square Garden Trump rally. In it Lutnick and Musk say they plan to  create a Department of Government Efficiency or DOGE, which is also the name of a cryptocurrency. The problem with cryptocurrency is that the US Federal Reserve does not support it, China, India and the European Central Bank disapprove of it and it is banned in China even though some of the crypto companies have connections with China.

In one moment of the rally at Madison Square Garden as reported in the WSJ.

Lutnick says-

"How much do you think we can rip out of this wasted, $6.5 trillion Harris-Biden budget?”  

“I think we could do at least $2 trillion,” Musk said. 

Fitzgerald says "Yeah"