58
Elon Musk wants to radically reshape who controls America’s money supply
(edition.cnn.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 13 Nov 2024
58 points (87.2% liked)
World News
383 readers
477 users here now
Rules:
- Be a decent person
- No spam
- Add the byline, or write a line or two in the body about the article.
founded 2 months ago
MODERATORS
I... didn't realize he was actually interested in destroying the value of the dollar... this is a terrible idea.
These clowns think they're the smartest when in fact they're just a bunch of narcissistic morons. It's going to be wild.
Elon Musk is a case study in Dunning Kruger. Gifted child boy wonder is here to broker a peace deal and receive the validation he's been trained to seek.
He has a rudimentary understanding of how yields affect bond prices and he's rolling up his sleeves, everyone duck
The dude can't even run his own companies, Tesla and SpaceX succeeded in spite of him which is a hell of a lot more impressive than anything Elon has done
An unabridged list of Musk's accomplishments:
Did not dilute and now has a 20% stake in a company with a $1tn market cap.
Conned Compaq out of $300m right before the .com bubble burst
Gotta be fair
How else do you get people on your shitty crypto pyramid scheme
Reminds me of our very own Liz Truss. She's still somehow convinced she's an economic genius.
I mean, she's certainly cornered the lettuce joke market
At least UK institutions were intact enough to stop her before she could completely wreck the economy. The Americans (and all of us by association) will have no such luck.
Dems need a crash history course in republican obstructionism ca 1992 through 2016
Can they do that without the house or senate?
Worse yet, Sen. Lee's recent pitch is "get rid of the FED and then..... well we'll just figure it out after that."
Like literally, the main person behind this has zero clue on what they would do after getting rid of the FED. So not only would they in a single sweep up end the entire US dollar and all the global markets that have built around it. They have absolutely zero plan for what comes next.
Like you could not pitch a "let's fuck everything for the foreseeable future" plan any more than Senator Lee's current idea of how to "fix" things. But I mean dude clerked for Alito in the third circuit, so I mean, shit doesn't fall far from the asshole.
At this point I can’t help but wonder if a few foreign agents befriended him on Twitter and are now in an office competition to see who can convince him to do the dumbest thing possible.
He’s been talking regularly with Putin for months now.
He’s a Russian stooge.
He's interested in becoming a trillionaire by swindling the entire country with a dogecoin pump-and-dump endorsed by the government itself.