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NO ONE questioned Musk on his ridiculous debt claim.
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NO ONE questioned Musk on his ridiculous debt claim.
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| NO ONE questioned Musk on his ridiculous debt claim. |
The rising GDP and the declining birth rate is exactly why people are pissed off and voting for populist politicians.
It’s a fools errand to explain a fiat currency when the other party is not interested.
There's a lot of fraud & abuse, someone needs to do what Elon is doing.
USAid & all the money that was sent to Ukraine was fraud and abuse … it must be investigated. The US government shouldn't be giving money to anyone for any reason. Not borrowed.
Debt issuance preserves confidence. Outright printing erodes trust. Bankruptcy isn't just about reductionist definitions. History teaches us governments printing their own money without debt issuance leads to a much less productive economy relative to the currency expansion.
History didn't do a very good job of teaching you then, as the actual result is the exact opposite. Correlation is not causation.
Gov bonds are not borrowing instruments, they are savings instruments. We are in a debt money system, all the money is "printed".
You don't go bankrupt, but your dollars would be worthless, if you print an infinte amount of them
Puts are gonna be juicy when they slow down the fiscal flows
Why do you not believe trump is a GRIFTER? Same as elon
Well, salesmanship is always some grifting. If you also have something real to show for all your showmanship then there is a good reason to fall for the grift sometimes. I think that's why people thought there must have been something to Elon's genius. I thought that for a long time, until he fatefully said, "scrap the entire Build Back Better bill!"
In the case of Trump it is, indeed, hard to understand just what moderate achievements you might point to to come to the conclusion that he's anything but a scam artist. He didn't build EVs. He didn't build rockets. He just bankrupted a casino, put his name on big buildings, appeared in fake wrestling shows, and had a reality show.
In his case it's really hard for me to see what people see in him.
Possibly because I never watch fake wrestling. Or reality TV.
@OolTube02 lol, well trump is a Master Grifter. Probably the best ever.
Even with all his failures he still became president…twice. WTF.
As for Elon, bought Tesla, kicked the founders out and he gets called a genius.
He is just a rich guy smart enough to hire smart engineers.
Is that really a genius?
Both Musk and Trump are trust fund babies…….why is that celebrated by normal Americans is beyond me
They're losing their minds over "the debt" because other governments are holding these "debts", but like you said since they're all denominated in dollars, what everyone forgets is they have to cash them in here in the usa or at least buy goods from us. All that money flows back to the source eventually. The lemmings are going to walk the crowd right off the cliff
Elon is a silver spoon boy like Trump. They do not care about money, they have never needed to.
They do not look at the world the same way as most people. Sometimes that’s a good thing but most of the time, it’s not.
Mike if it doesnt make sense then maybe something really big is cooking up an they know ….but who knows ?????? 6:01 ??
You lost me at “I voted for Trump.” That you voted for a conman and an extremely delusional South African white supremacist that is ripping off the American taxpayer to the tune of eight million dollars a day, tells me that your critical thinking skills about anything other than economics are lacking.
Why do people vote against thier interests? "Chanos" Mike for what it's worth you are the master in economics, and Musk is their for one reason, to cancel the investigations against car safety deaths and to get his 44 billion back from a stupid purchase of X (twitter). There is a reason the big shots hide out of public shadow and pull strings. But nazi saluting asshole Musk to full of himself to know this common sense. No one is buyiing this Musk Shit bag's car.
As the world's richest man, and a reactionary ketamine addict, it's quite easy to see how others would not want to question The Hand of The King.
Barrow from the FED …..its their money ….Mike i know you know about the strawman ….you don't see it yet ? TRUMP IS ENDING THE IRS AND THE FED ….GOLDEN AGE COMING !!
Well, I'll give you this about voting for Trump: The US democracy sucks because it's a first-past-the-post system that gives you only two choices to vote for. Duverger's law. So the only alternative to completely incompetent Trump would have been the moderately incompetent Dems, who also are all about means testing social programs and forever compromising with the side that still thinks they're in a Cold War against the legacy of the New Deal.
They don't understand MMT, either.
But voting Trump instead of Harris is a bit like instead of going to a lousy doctor for your medical issues going to a bad plumber instead.
Maybe this crash is unavoidable, because there is something called the Ratchet Effect. The Republicans advance towards disastrous failure while all the Dems do is delay the march towards it for another four years. But they never move in the other direction. Not Clinton, not Obama — actually maybe Biden a little bit on the economic front, but too little, too late.
So if an utter crash from sheer incompetence is bound to happen no matter what and only the timing is up for choice, why not have it happen today instead of tomorrow?
It’s time for a new video Mike!
You’re speaking too much horse sense
Musk is not the genius behind Tesla, BTW…
It is not about the economy ,it is about the corruption
Looking forward to hearing your next take on markets after this volatile week