this post was submitted on 13 Nov 2024
57 points (87.0% liked)

World News

382 readers
460 users here now

Rules:

  1. Be a decent person
  2. No spam
  3. Add the byline, or write a line or two in the body about the article.

founded 2 months ago
MODERATORS
 

Elon Musk, a key Trump backer who is expected to have considerable sway in helping shape Trump’s policies, included a “100” emoji while resharing Republican Sen. Mike Lee of Utah’s post on X calling for abolishing the Fed.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 33 points 1 month ago (4 children)

I... didn't realize he was actually interested in destroying the value of the dollar... this is a terrible idea.

[–] Diplomjodler3 37 points 1 month ago (3 children)

These clowns think they're the smartest when in fact they're just a bunch of narcissistic morons. It's going to be wild.

[–] _bcron_ 15 points 1 month ago* (last edited 1 month ago) (1 children)

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

[–] seaQueue 13 points 1 month ago (1 children)

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

[–] _bcron_ 6 points 1 month ago* (last edited 1 month ago) (1 children)

An unabridged list of Musk's accomplishments:

Did not dilute and now has a 20% stake in a company with a $1tn market cap.

[–] [email protected] 2 points 1 month ago

Conned Compaq out of $300m right before the .com bubble burst

Gotta be fair

[–] [email protected] 11 points 1 month ago

How else do you get people on your shitty crypto pyramid scheme

[–] [email protected] 6 points 1 month ago (2 children)

Reminds me of our very own Liz Truss. She's still somehow convinced she's an economic genius.

[–] seaQueue 7 points 1 month ago

I mean, she's certainly cornered the lettuce joke market

[–] Diplomjodler3 6 points 1 month ago (1 children)

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.

[–] seaQueue 6 points 1 month ago (1 children)

Dems need a crash history course in republican obstructionism ca 1992 through 2016

[–] [email protected] 1 points 1 month ago

Can they do that without the house or senate?

[–] [email protected] 16 points 1 month ago

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.

[–] cabron_offsets 10 points 1 month ago

He’s a Russian stooge.

[–] grue 6 points 1 month ago

He's interested in becoming a trillionaire by swindling the entire country with a dogecoin pump-and-dump endorsed by the government itself.