Notes on the Crises
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Feb 5, 2025

Afternoon of Day Six of the Trump-Musk Treasury Payments Crisis of 2025: Changing the Treasury Payments Source Code & the Treasury’s “DOGE” gag order

Afternoon of Day Six of the Trump-Musk Treasury Payments Crisis of 2025: Changing the Treasury Payments Source Code & the Treasury’s “DOGE” gag order

If you are a current or former career Bureau of the Fiscal Service Employee, especially if you’re a legacy IT programmer with years of experience and especially if you are a COBOL programmer currently working on the PAM, SPS or any other adjacent

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Feb 5, 2025

Day Six of the Trump-Musk Treasury Payments Crisis of 2025: “Treasury has been denying that they gave Marko write access, but I am looking at his access request right now”

Day Six of the Trump-Musk Treasury Payments Crisis of 2025: “Treasury has been denying that they gave Marko write access, but I am looking at his access request right now”

If you are a current or former career Bureau of the Fiscal Service Employee, especially if you’re a legacy IT programmer with years of experience and especially if you are a COBOL programmer currently working on the PAM, SPS or any other adjacent

  • Read the Rest
Feb 4, 2025

Day Five of the Trump-Musk Treasury Payments Crisis of 2025: Not “Read Only” access anymore

Day Five of the Trump-Musk Treasury Payments Crisis of 2025: Not “Read Only” access anymore

If you are a current or former career Bureau of the Fiscal Service Employee, especially if you’re a legacy IT programmer with years of experience and especially if you are a COBOL programmer currently working on the PAM, SPS or any other adjacent

  • Read the Rest
Feb 3, 2025

Elon Musk Wants to Get Operational Control of the Treasury’s Payment System. This Could Not Possibly Be More Dangerous

Elon Musk Wants to Get Operational Control of the Treasury’s Payment System. This Could Not Possibly Be More Dangerous

If you are a current or former career “civil service” Treasury or Federal Reserve System employee, including in the general counsel’s offices of either entity, and you have detailed knowledge of how the Bureau of Fiscal Service operates at an operational level please

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Jan 31, 2025

Everything About the Trump Administration’s Impoundment Putsch You Were Too Afraid to Ask

Everything About the Trump Administration’s Impoundment Putsch You Were Too Afraid to Ask

This is a free piece of Notes on the Crises. Reader support which makes my Freedom of Information Act project, archival research and general writing possible (including my #MonetaryPolicy201 series). Monday is the last day paid subscriptions are 50% off so take advantage while

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Jan 28, 2025

Does Restricting Treasury Purchases to the “Open Market” Matter? Long Forgotten & Secret Federal Reserve Memo Says “No”. #MonetaryPolicy201

Does Restricting Treasury Purchases to the “Open Market” Matter? Long Forgotten & Secret Federal Reserve Memo Says “No”. #MonetaryPolicy201

#MonetaryPolicy201 is a monthly series about the basics of monetary policy. It’s a “201” series because I will be grounding the basics of monetary policy on their largely forgotten legal foundations. The beginning of this series will focus on various aspects of the

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Jan 21, 2025

MORE FOIA MEMOS: The Fed’s 2013 Treasury Default Memo. Just in Time for Another Round of Debt Ceiling Politics

MORE FOIA MEMOS: The Fed’s 2013 Treasury Default Memo.   Just in Time for Another Round of Debt Ceiling Politics

Please recommend an institutional subscription to your academic library or employer (details here) The debt ceiling was unsuspended January 1st of this year which means the debt ceiling is back. According to now-former Treasury secretary Janet Yellen, they began using “extraordinary measures” to avoid

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Dec 10, 2024

What Exactly is an “Open Market” Operation? #MonetaryPolicy201

What Exactly is an “Open Market” Operation? #MonetaryPolicy201

#MonetaryPolicy201 is a monthly series about the basics of monetary policy. It’s a “201” series because I will be grounding the basics of monetary policy on their largely forgotten legal foundations. The beginning of this series will focus on various aspects of the

  • Read the Rest
Dec 5, 2024

“The First Cause of Stability of Our Currency is the Concentration Camp”: Central Banker Solidarity on the road to Hitler’s Czechoslovakian gold

“The First Cause of Stability of Our Currency is the Concentration Camp”: Central Banker Solidarity on the road to Hitler’s Czechoslovakian gold

Pavlos Roufos is a Greek political economist living in Berlin. He has a PhD in political science from Kassel University. He works on central banks, constitutional law and European integration from the 1920s to today, with a special emphasis on the Eurozone crisis. You

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Nov 25, 2024

SPECIAL ANNOUNCEMENT: Institutional Subscriptions are here! Get Your Academic Library or Business to Subscribe

SPECIAL ANNOUNCEMENT: Institutional Subscriptions are here! Get Your Academic Library or Business to Subscribe

Over the years I’ve gotten inquiries about taking on institutional subscriptions. Those requests have come from both academics and employees at for-profit businesses- Institutional subscriptions mean that a firm or a library would sign up on behalf of their employees, students or simply

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Nov 22, 2024

One Election Takeaway: Voters Hate Temporary Safety Nets

One Election Takeaway: Voters Hate Temporary Safety Nets

Announcement: I'm putting on an end of year sale. For just 55 dollars a year you can subscribe and receive premium pieces of Notes on the Crises. This also helps support the FOIA efforts I've been engaging- like the 30,

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Nov 19, 2024

Here Are the 30,000 Pages of Federal Reserve Board Meeting Minutes I Got Through FOIA. They Completely Rewrite Federal Reserve History.

Here Are the 30,000 Pages of Federal Reserve Board Meeting Minutes I Got Through FOIA. They Completely Rewrite Federal Reserve History.

For the past year and a half I’ve increasingly focused on using FOIA to scrutinize the Federal Reserve. Before I unveil the crown jewel of what I’ve accomplished so far, I think it's worth stepping back and saying why I’ve undertaken such a broad project.

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