Business
5 Myths About Purchasing a Vehicle
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“I can get a better interest rate at my own bank”
Interest rates will depend on the way you’re borrowing the money, and for
how long. A dealership sells many auto loans each month, which pushes
lenders to be very competitive in order to earn business. We highly
recommend asking your dealership what the best rate they can offer is
before you make a purchasing decision.
“The end of the month is the best time to buy”
Dealerships always have a momentum push at month’s end in order to offer
the manufacturers current incentives before they expire. Most consumers
will shop during the month with these incentives in mind, and then make their
final decision near the end of the month. There are times some dealerships
have targets to achieve and depending on the store, and vehicle, you could
get a better deal.
“Paying Cash gets you a better deal”
This was true many years ago, but as noted in Item 1, Lenders try to entice
dealerships to use them. This often allows your dealership to offer you more
competitive pricing on a vehicle.
“A New vehicle will depreciate 50% the moment I drive away”
Manufacturers use new vehicle incentives with low interest rates for buyers.
Once a vehicle is traded in and sold as used, the consumer purchasing that
vehicle will pay interest rates anywhere from 4-7%, which can make the
payment the same and sometimes higher than it was for a new vehicle. This
is especially noticeable when a vehicle is traded in within the first year of
ownership as the trade value can be substantially less than the original
MSRP. This is because the dealership must price the used vehicle as compared
to a new one. We’ve found that the ideal amount of time to own a vehicle
before trade in is 3-4 years.
“A lower price or payment means I got a better deal”
We highly advise consumers to review all the documents they sign; some
dealerships use payments to sell the vehicles and graze over the final numbers.
You must consider the total cost of financing, ensure you have an open loan
that can be paid out at any time, and know if there will be a balance owing
at the end of the term.
Business
Elon reveals millions of people in Social Security database between the ages of 100-159
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Quick Hit:
Elon Musk revealed on X that millions of individuals in the Social Security database are recorded as over 100 years old, with no death record attached. The billionaire suggested the findings could indicate massive fraud within the system.
According to the Social Security database, these are the numbers of people in each age bucket with the death field set to FALSE!
Maybe Twilight is real and there are a lot of vampires collecting Social Security 🤣🤣 pic.twitter.com/ltb06VX98Z
— Elon Musk (@elonmusk) February 17, 2025
Key Details:
- Musk shared a chart showing over 20 million people in the database listed as 100+ years old, including 3.9 million between 130-139, 3.5 million between 140-149, and 1.3 million between 150-159.
- The 2020 U.S. Census recorded just over 80,000 people aged 100 or older, casting doubt on the accuracy of the Social Security data.
- Musk suggested that the Social Security system is riddled with inconsistencies and could be facilitating large-scale fraud.
Diving Deeper:
On Sunday, Elon Musk took to X with a shocking revelation about the Social Security database, suggesting it contains massive inaccuracies—possibly enabling widespread fraud. Musk pointed out that millions of individuals are recorded as being 100 years or older, yet their death status remains unmarked.
“According to the Social Security database, these are the numbers of people in each age bucket with the death field set to FALSE! Maybe Twilight is real and there are a lot of vampires collecting Social Security,” Musk quipped, sharing a chart showing over 20 million centenarians in the system.
The data he highlighted included staggering figures: more than 3.9 million individuals listed as 130-139 years old, 3.5 million aged 140-149, and over 1.3 million aged 150-159. These numbers are vastly out of sync with U.S. Census data, which recorded just over 80,000 people aged 100 or older in 2020.
Musk didn’t stop there. He went on to criticize the complexity and lack of oversight in Social Security operations, calling the system’s logic “INSANE.” According to Musk, “No one person actually knows how it works. The payment files that move between Social Security and Treasury have significant inconsistencies that are not reconciled. It’s wild.”
Perhaps the most damning accusation Musk made was in a follow-up post where he warned that the Social Security system might be one of the largest fraud schemes in history. “There are FAR more ‘eligible’ Social Security numbers than there are citizens in the USA. This might be the biggest fraud in history,” he posted.
Business
DOGE discovers $4.7T in untraceable U.S. Treasury payments
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MxM News
Quick Hit:
The Department of Government Efficiency (DOGE), established under President Donald Trump, has discovered that nearly $4.7 trillion in U.S. Treasury payments were processed with an optional, often blank identification code—making them nearly impossible to track. The revelation has prompted immediate changes to federal financial reporting, mandating full transparency on these transactions moving forward.
Key Details:
- DOGE found that the Treasury Access Symbol (TAS), a key financial identifier, was frequently left blank in transactions totaling $4.7 trillion.
- The Trump administration’s watchdog agency worked with the U.S. Treasury to close this loophole, making the TAS field mandatory for all federal payments.
- DOGE continues to uncover and eliminate government waste, already reporting an estimated $55 billion in taxpayer savings through spending cuts and contract renegotiations.
Diving Deeper:
The Department of Government Efficiency (DOGE), spearheaded by Elon Musk under President Donald Trump’s administration, has made a bombshell discovery regarding federal spending. According to the agency, $4.7 trillion in payments were funneled through the U.S. Treasury without clear tracking due to an often-missing Treasury Access Symbol (TAS). This identifier, which links government expenditures to specific budget items, was optional in the federal system—resulting in payments that were nearly impossible to trace.
DOGE announced the finding on X, explaining that the TAS field has now been made mandatory for all federal payments. “As of Saturday, this is now a required field, increasing insight into where money is actually going,” the agency stated. This change is expected to bring a new level of transparency to federal finances, ensuring that taxpayer dollars are properly accounted for.
The revelation coincides with DOGE’s broader mission to root out wasteful government spending. Since its creation via executive order, the agency has reported $55 billion in estimated savings, achieved through fraud detection, renegotiations of contracts, and regulatory cuts. The agency is also working to make its cost-cutting measures fully transparent, committing to updating its financial data twice per week with the goal of transitioning to real-time reporting.
Musk’s leadership at DOGE has sparked both praise and controversy. While conservatives applaud the agency’s aggressive stance on reducing bloated government programs, critics—particularly among Democrats—have raised concerns over its authority to access federal data and cancel government contracts. Attorneys general from 14 states have filed a lawsuit aiming to block DOGE from federal systems, arguing that its executive authority over financial oversight is an overreach.
Despite legal challenges, DOGE recently won a key court battle, with a federal judge in Washington declining to temporarily block its access to sensitive data from several agencies, including the Departments of Labor and Health and Human Services. This ruling is seen as a green light for the Trump administration’s cost-cutting mission to continue.
With the U.S. national debt at record highs, DOGE’s latest discovery raises serious questions about past government financial management. The $4.7 trillion in untraceable payments underscores why the agency was created in the first place—and why Washington’s establishment has resisted its oversight.
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