Doug Casey on the closing of USAID

While Trump is adding new distortions with his tariffs, he’s unwinding old distortions by deregulating.  For example, the abolition of USAID.  It was a veritable criminal organization spending $50 or $60 billion a year of taxpayer’s money on destructive grifts.  Many entities and individuals who were expecting funding from USAID will default on their obligations, and have to liquidate.  The same thing will happen when the Department of Education bites the dust.  And FEMA.  And hopefully hundreds more agencies, offices, departments, bureaus, and NGOs.  With any luck, thousands of grifters will be jailed or wind up living under bridges. 

~ Doug Casey, "Trump’s Tariff and Income Tax Plans: A Major Shift for Gold and Your Portfolio," International Man, February 15, 2025