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Elon Musk wants to radically reshape who controls America’s money supply (edition.cnn.com)

submitted 1 month ago by [email protected] to c/[email protected]

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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.

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[–] 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?