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There is a possibility that is true. But Elon is appearing unhinged....like having a breakdown unhinged.
I'm not sure how he envisions this playing out for him (the public will swoon back to his companies....maybe he picks up the love of the left again)?? My gut says this won't play out great for Elon. His antics are placing DJT supporters in an impossible situation which they will support DJT over Elon....
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10 sats \ 0 replies \ @Ge 9h
Feel like he saw the end that there's no answer to the debt and or system...it ends all the same no matter who was in office just changes how we get there...I think thats what happened maybe he thinking might as well go back to the system n make billions? Maybe coarsed?? Let's watch how he moves next couple months
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There's a 100% certainly that it's true, but it's also been known for ages (here's an article from Feb about the Bondi release that confirms it).
But yeah, Elon's looking unhinged online, and while Trump also looks that way, "unhinged" has been his standard, and it's not going to cost his companies billions.
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10 sats \ 4 replies \ @freetx 5 Jun
There's a 100% certainly that it's true
Yeah I wouldn't doubt DJT flew on Epsteins plane...
Elons behavior is pretty "autistic" here though....like his not thinking enough moves ahead about how this is going to playout.
  1. DJT threatens to pull all gov contracts
  2. Tesla price continues to fall
  3. Shareholders / Board revolts and removes Elon....
Not saying thats going to happen, but Elon is effectively rage-quitting
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This is the wildest crash out I have ever seen lol
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20 sats \ 2 replies \ @freetx 5 Jun
Tesla has lost about $128B so far today....how long will shareholders put up with the antics?
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It has recovered a lot recently… I think I saw on the year it’s only down 7% so for a while I’d say. Esp cause he is fighting for the credits Tesla thrives on
unhinged is related to ketamine
I think Elon is very frustrated by the courts and now Congress
no one in DC wants to cut spending or eliminate waste fraud abuse
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I truly think he thought he could man handle and bulldoze his way through with Members. The issue is if Republicans had say a 30 seat majority he would have a solid shot but we don’t. We get 3 flips tops and then it’s over.
Members have there things that they care about and are important to them that they want to keep the money there for. However when everyone has one or two it spirals. Negotiations are critical and it got the House there but the trade off ended up being his tax credits to not have federal land sales
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10 sats \ 3 replies \ @freetx 6 Jun
unhinged is related to ketamine
haha....hadn't heard about that....
no one in DC wants to cut spending or eliminate waste fraud abuse
So true.
Not trying to make an excuse for them, but I'm starting to wonder if we are beyond the point of being able to cut printing. Not like "we don't have the political will", but like "the structure of the monetary system will collapse unless we keep printing".
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I learned recently that Canada had zero bank failures between 1930 and 1933. USA had over 9000 during the same period.
Canada did not have a central bank before 1935.
The country with no central bank had zero bank failures, coincidence or causation?
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20 sats \ 1 reply \ @freetx 22h
Yep. Probably the most prosperous time of US was 1870-1913. I mean this was era that put USA on the map...of course that era we didn't have a central bank.
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Golden age in America according to Milton Friedman
No income tax Government spending was small Open immigration because welfare didn’t exist Immigrants actually wanted to assimilate and learn English
1897 commemorated the diamond 💎 jubilee for queen Victoria in England
USA also surpassed Great Britain as the largest economy
The greatest gains in life expectancy happened during this period
Peace and prosperity
The Spanish American war in 1898 was a trivial diversion
Edit: I forgot to add it was also the most charitable and philanthropic period. Schools and universities and hospitals were built and established. Red Cross was established. Rockefeller and Carnegie and Ford were great entrepreneurs and philanthropists