End the Fed: Elon Musk Calls for Monetary System Overhaul

https://www.bitdegree.org/crypto/news/ending-the-fed-elon-musk-advocates-for-monetary-system-overhaul?utm_source=reddit&utm_medium=social&utm_campaign=r-elon-musk-monetary-system

by webbs3

10 comments

  2. While I don’t totally understand the fed nor will I defend it, the idea that something is “unconstitutional” being a reason for getting rid of it is wholey disingenuous coming from this administration. 

  3. The American economy would seize and people would starve to death in the streets.

    You voted for this. You fucking voted for this.

  4. >Lee argued that the president should have authority over the Executive Branch, as intended by the Constitution. He pointed to the Federal Reserve as one of several instances where this constitutional framework has been disregarded, calling to abolish the Fed.

    It is incredibly unlikely these guys would think this has Harris won the election.

  5. Venezuela has a shit ton of oil and was once a pretty wealthy country. Then an authoritarian leader took over and started making all decisions on how to manage Venezuela’s oil wealth not based on economic fundamentals but on what would keep him in power.

    Of course Venezuela’s economy crashed and they’re now an economic disaster.

    If you allow authoritarians to interfere in the economy, this is what happens every time.

    And that’s what Trump and First Lady Elon are going to do to our economy.

  6. Calm down everyone , they can’t even sack Powell in the next 2 years

    Hopefully by then the house / Senate whatever would be won by the democrats

  8. He also says full self driving is coming in 2020 <checks watch>

    The man is a huckster and charlatan

    Think twice before you believe him

  9. What exactly are Elon’s qualifications on monetary and fiscal policy other than just being rich?

  10. Ladies and gentlemen, enter the era of the MuskCoin, or XCoin. Don’t worry, you won’t have to lift a finger. We’ll convert all your savings and assets into an appropriately equivalent X-Coin value, which shall be determined based on however our monkeys are feeling one day. Or another day. Or….

    Or something….

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