Musk Says Economy Dead, Blames Biden, Praises Trump

Andrew Anglin

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(The comments haven’t been clipped on Twitter, but ALL-IN is a fun show anyway. It’s a good show.)

I don’t really agree that this is just a downturn that is going to turn back up again, and I don’t even see any path for that.

But I guess Elon doesn’t want to say “we’re all totally doomed.”

RT:

Billionaire Elon Musk said on Monday that the US economy is probably in a recession that could last anywhere from a year to 18 months. He suggested, however, that recessions aren’t necessarily a bad thing, adding that he’s been through a few of them in his time in public companies.

“These things pass and then there will be boom times again,” he told the All-In Summit in Miami Beach. “It will probably be some tough going for, I don’t know, a year, maybe 12-18 months.”

Musk went on to say, “What tends to happen is, if you have a boom that goes on for too long, you get misallocation of capital – it starts raining money on fools, basically.”

The billionaire also slammed the government for printing “a zillion” more dollars than it has.

“This administration, it doesn’t seem to get a lot done,” Musk said. “The Trump administration, leaving Trump aside, there were a lot of people in the administration who were effective at getting things done.”

“The obvious reason for inflation is the government printed a zillion amount of more money than it had. The government can’t just issue checks for an excessive revenue without there being inflation. Velocity of money held constant,” he said, adding: “This is not, like, super complicated.”
In 12-18 months, Joe Biden is still going to theoretically be the president, and the government will still be printing a zillion dollars a day.

Also, it is just totally impossible for the US government to pay its debts through any method other than hyperinflation.

I just don’t see how anyone can expect this to get better.

But maybe Twitter will get better.

Dear Elon Musk: Please reinstate the Greatest President in U.S. History, Donald J. Trump’s Twitter!

Please and Thank You! pic.twitter.com/KC04HoT39l

— Trump McGregor (@TrumpMcGregor) May 11, 2022
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Angryguy

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The oligarchs are restless, this is good. We need the top fighting. Bottom up revolutions never succeed without total collapse. Even then it is debatable.
 

drallod

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The politics of it is not super complicated either. Musk probably gets it but won't say it. They either have to print a lot of money to pacify the degenerate hordes which sends the USD into hyperinflation or make a lot of political promises to them which sends the US deeper into the hole of Leftist tyranny. The third option is continuous distraction that spirals into WWIII and we're already basically there. A distraction with the typical American plebe only lasts so long and they've already played their last big distraction (before WWIII) with the pandemic hoax. They can try to backpedal with more white terror but that card has already been played as well.
 

CharlesWorthing

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Plebs provide exit liquidity for the illuminated. Imagine if the plebs had a few months heads up that BTC was going to a million dollars, and that Gold was going to follow a similar trajectory.

Instead we get this crash in crypto which shakes it out of the hands of retail and into the hands of the hedge funds and their billionaire clients.

It would be interesting to know what OTC deals are taking place for precious metals. It is only a barbarous relic if you don't have it.
 

TrumpDinduNFn

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I can't imagine how its possible for blacks in Zimbabwe to use money with numbers so big. There's no way niggers in Africa know how to add and subtract with numbers that have more than even a few zeroes. They must use the barter system.
Good point, maybe they only have a few notes so they just memorize a few bills
 

ghosteroven

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Has anyone been watching the livestream on Tesla's YouTube channel? It's been on repeat chopped up at different starting points, weird.

It's Elon Musk, Jack Dorsey, some goofy woman and a host. The topic is mostly about bitcoin/energy/economy. Kinda interesting.

Musk claims btc will hit 80k by next week.
 

DaveA

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The biggest problem is Fedgov's army of regulators eager to shut down any business they deem unholy. Trump kept those guys on a short leash, but the Biden regime gives them free rein.

Businessmen know this, so they're not going to restart shale oil production even if oil reaches $1000 a barrel. This isn't going to change until governors order state police to shoot Feds and dump their bodies beside the road.

Which raises the question, will the dollar's collapse lead to civil war, or will all the smart people emigrate, turning the USA into a colder Venezuela?
 

JR_Rustler_III

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Musk claims btc will hit 80k by next week.
Well, that's a bold prediction.

Frankly I think Elon just watched Smokey and the Bandit, and he's having a little bit of fun with us. I mean--what are the odds that he just pulled that $80k number out of his ass? It came from somewhere.

 

Highlander

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BeTheBee

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I gotta say it. I don't like the name twitter, it's freaking dumb. Can Elon rename it?
 

UnCL3

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I gotta say it. I don't like the name twitter, it's freaking dumb. Can Elon rename it?
At this point its brand is like Kleenex, so I doubt it.
 

Christopher

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“These things pass and then there will be boom times again,” he told the All-In Summit in Miami Beach. “It will probably be some tough going for, I don’t know, a year, maybe 12-18 months.”
Just in time for the upcoming "Election/Fraud 2024"...
See, he could have been reading us on the Daily Stormer and seen that a long time ago.
None of what the system unfurls as "latest news right now" is unpredictable/unexpected to us. The public/vegetables are reactionary and barely conscious as usual. Mere pawns in the system's game.
 
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