Post

@threadreaderapp

More from @intel_jakal

@intel_jakal

Apr 10

@MarioNawfal What's mindblowing about this is NOT massive fraud that is an incredibly small amount of fraud that has been uncovered - 0.0283% of the annual social security spend of $1.35 Trillion dollars.

@MarioNawfal Based on established fraud industry benchmarks government spending fraud is 0.5%, based on this number DOGE should have actually uncovered $6.5Billion in fraud - nearly 18x what it has actually uncovered.

Note: that the most common type of Government Services fraud in addition to benefits fraud is tax refund fraud. Based on @DOGE investigations into social security being overwhelmingly under the benchmark its likely that the majority of the $6.5B shortfall will be fraudsters ripping the IRS.

Read 5 tweets

@intel_jakal

Mar 7

So there went my evening. It started off productive but then I saw that someone posted a list of DOGE emails. I noticed that only elon and one other didnt have a doge address. so looked at the eop.gov forward to whitehouse.gov I had previously thought the primary domain was wh.gov but its not.

I had previously thought the primary domain was wh.gov but its not. but I did notice a bunch of tags.
and a load of domain forwards. which reminds me of elevateelon.com for the doge.gov site. I digress..

Ive already posted a number of posts on the overlapping tags and as noted there are a bunch of reasons this could happen so Im not going to repeat them again.

Read 16 tweets

@intel_jakal

Mar 7

@DOGE a few bits & bobs for you have a look at.
First turn off the ports on your website you are not using and fix the tag vunerability.

But then you should really look at the tracking tag for whitehouse[.]gov and see why there a few overlaps with other entities. like the Albanian government.

This could cloned/reused tags/tag injection or something else.

Read 9 tweets

@intel_jakal

Feb 26

@DrFranzC @NortheastCash @sprintcat9 @DOGE_GSA @DOGE You idiot. The contract award amount is not paid by the gov agencies it is fully funded by a 3rd party under an ESPC with a performance guarantee by Ameresco as the ESCO, it is self funded through the savings gained through the retrofit/upgrades across the 23 buildings.

@DrFranzC @NortheastCash @sprintcat9 @DOGE_GSA @DOGE So instead of paying zero, the agency will have to continue to maintain aging and legacy equipment the older they get the more expensive O&M is.

@DrFranzC @NortheastCash @sprintcat9 @DOGE_GSA @DOGE So now the agency will have to go through the same process at some stage the agency will have to waste time and resources going through the process again making an assessment between two pathways;
- ESPC; or
- Design-bid-build

Read 8 tweets

@intel_jakal

Feb 23

Well done DOGE. You have just cancelled a contract for the feasibility study for a ESPC (Energy Saving Performance Contract) the sole purpose of guaranteeing the costs savings to be achieved by the project to secure 3rd party financing which is repaid by the savings generated through the term of the contact.

This contract went through a multistage tender approval process. So by cancelling it you have delayed the project.

@DOGE_GSA the contract is 23 years because the service provider (who guarantees the energy costs savings) provides the O&M services....guess the money comes from....the fucking guaranted savings.

So why does it cost so much to undertake the feasibility studies. because you are shifting the risk from the gov as well as the financing. The provider needs to be absolutely certain that those savings are actually going to be available to repay the 3rd party loan that finance all the capex and has sufficient additional cashflow to fund the O&M.

Read 10 tweets

@intel_jakal

Jul 29, 2024

mate its absolutely achievable. I've done the numbers.
There are only 2 critical success factors;
1. Bitcoin goes to $23m per coin by 2045;
2. A visionary buyer that has accumulated > $20T and has confidence that even after 20 years of 34% CAGR providing the seller with a 350x bagger, that there's sufficient upside to warrant acquiring 1m bitcoin for > $20T.

The analysis;
Current US GDP $29.33T, Debt $35.49T
Using World bank forecast GDP growth of 1.9% and assuming the debt ratio stays the same
2045 debt will be a spritely $51.71B

Just for good measure here's the GDP and debt numbers for the Top 20.
Even after the 50% debt reduction, the US will still have the largest debt of all countries.

For the purpose of the analysis I've distilled the Lummis plan down to;
Buy 1m BTC for $70B using existing cash reserves.
Exit all or part of BTC holdings by 2045 to payout half the total debt.
In estimating how much of the investment would be required to settle 50% of the debt.
Two scenarios: Pessimistic (sell down 100%) and probable (sell down 50% ).

Read 11 tweets

Share this page!

Enter URL or ID to Unroll

@intel_jakal

Try unrolling a thread yourself!

More from @intel_jakal

@intel_jakal

@intel_jakal

@intel_jakal

@intel_jakal

@intel_jakal

@intel_jakal

Did Thread Reader help you today?

Don't want to be a Premium member but still want to support us?

Send Email!