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Elon Musk is very concerned about the US going bankrupt
Posted on 12/3/24 at 10:21 pm
Posted on 12/3/24 at 10:21 pm
Hopefully DOGE can prevent this. I think we are getting close to the point of no return.
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Posted on 12/3/24 at 10:24 pm to John Barron
Land rich, cash poor
Posted on 12/3/24 at 10:24 pm to John Barron
Stop giving away money, negotiate debt and pay the people. Pretty easy fix in my opinion
Posted on 12/3/24 at 10:25 pm to John Barron
Imagine the trillions of dollars we've wasted on obsolete jets when $10k drones will be the future
Posted on 12/3/24 at 10:29 pm to John Barron
quote:
Hopefully DOGE can prevent this
It cannot. Not enough meat on the bone.
Posted on 12/3/24 at 10:30 pm to John Barron
Posted on 12/3/24 at 10:30 pm to John Barron
Notice he says "de facto".
The reason he says this is because money is bullshite as long as the FED is around. Remember, we aren't on the gold standard. We print money to keep us out of debt (frick the Americans who work and get their dollar devalued every time they do). And the best part is, nobody can say boo as long as we are the strongest militaries out there. Our fighting force is our gold standard. That is why it is so important to them that Ukraine "wins" with our backing. If Ukraine loses with our backing it will weaken the dollar because our might vs BRICS would be diminished.
For your consumption.
The reason he says this is because money is bullshite as long as the FED is around. Remember, we aren't on the gold standard. We print money to keep us out of debt (frick the Americans who work and get their dollar devalued every time they do). And the best part is, nobody can say boo as long as we are the strongest militaries out there. Our fighting force is our gold standard. That is why it is so important to them that Ukraine "wins" with our backing. If Ukraine loses with our backing it will weaken the dollar because our might vs BRICS would be diminished.
For your consumption.
Posted on 12/3/24 at 10:47 pm to momentoftruth87
"Negotiate debt"? Guess biden pardoning millions in student loans is not part of this plan? And kamala should be one of the "experts " Musk hires?
Posted on 12/3/24 at 10:53 pm to Keltic Tiger
Negotiate debt is in relation to trade and what we owe. If China doesn’t want tariffs they can wipe out some of the debt over the years we owe and we can back off some percentage of tariff. Apply this globally you could clear up a lot. Tariffs are good because companies will come here which makes it easier on consumers but hurts other countries. It can also be used as negotiating
Yes we should be negotiating global debt owed.
Yes we should be negotiating global debt owed.
This post was edited on 12/3/24 at 10:55 pm
Posted on 12/3/24 at 10:55 pm to John Barron
We are already bankrupt.
Both morally and financially.
Both morally and financially.
Posted on 12/3/24 at 10:59 pm to John Barron
Sell Hawaii and Puerto Rico. Adios putos.
Posted on 12/3/24 at 11:00 pm to momentoftruth87
quote:
If China doesn’t want tariffs they can wipe out some of the debt over the years we owe and we can back off some percentage of tariff.
Can you imagine if Xi Jinping told Trump would he like to experience another Coronavirus in his 2nd term. I would love to be in the room for that conversation
Posted on 12/3/24 at 11:00 pm to John Barron
Or it could go back down. Just sayin.
Posted on 12/3/24 at 11:00 pm to John Barron
Every time we print it’s de facto bankruptcy.
Posted on 12/3/24 at 11:05 pm to Rebel
quote:
We are already bankrupt.
Both morally and financially.
I'll leave the moral debate to others, but correct on the latter. We were financially bankrupted (at least) a dozen or so yrs ago when the Federal Reserve fatally compromised their own balance sheet. Few people will figure it out because it ends with upheaval that looks like something else. But the point of no return has been passed.
Posted on 12/3/24 at 11:14 pm to John Barron
The ironic thing here is we’ve elected the very people who shouldn’t be anywhere around our tax money.
Posted on 12/3/24 at 11:19 pm to John Barron
If we become a bankrupt nation, will be hard for elon to get potential subsidies for his various ventures. I'm not being snide. Musk is pretty much the only one I'd want my tax dollars going to. He's one of the few who is trying to bring us into the future. He's an African American treasure.
Posted on 12/3/24 at 11:21 pm to John Barron
Elon is right. This level of debt is unsustainable. Thank God the adults will be back in charge 1/20/25.
Posted on 12/3/24 at 11:26 pm to John Barron
What happened to jdoc?
Posted on 12/3/24 at 11:33 pm to Riverside
Didn’t our debt go from 19 to 27/28 trillion when Trump was in office..
Appears it does not matter which party is in anymore
Appears it does not matter which party is in anymore
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