Elon Musk said that if the United States dramatically reigns in its spending and reduces its debt to the central bank, The Federal Reserve, it will go bankrupt. The billionaire tech mogul said that the U.S. has no choice anymore but to fix its rising debt problem.
Musk is going to co-lead a new department tasked with curbing spending under President-elect Donald Trump. However, no ruler will ever cut the debt because doing that will cause a loss of power and all but complete destruction of the economy. But it’ll be interesting to watch the debt continue to spiral out of control while the ruling class claims they’ll be fixing it.
Musk made the remarks in reaction to a post by Kalshi, a financial service that allows users to bet on future events and which makes a prediction on how likely these events are to happen. According to a report by RT, Kalshi claimed that the market has an estimated at 36% chance of annual federal spending being cut by at least $250 billion under Trump. Kalshi also flagged the future Department of Government Efficiency (DOGE), which Musk is set to co-chair with fellow billionaire Vivek Ramaswamy, as the entity that would help slash expenditure.
So a couple of billionaires are going to work to slash a massive debt all for the benefit of those who won’t even make that in a lifetime? Interesting. While we doubt this will have an positive impact on the plebs, we could at least hope that one ruler will be truthful. However, this is the same person who goes Operation Warp Speed off the ground using a military operation to mass inject the same public.
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Last week, Musk leveraged his social media influence to weigh in on a debate in the US Congress over a stop-gap spending bill. Musk urged his more than 200 million followers on X who are American citizens to contact their representatives on Capitol Hill and express opposition to a proposed spending bill that he said “should not pass.”
“President Trump will return to DC and to the White House, and we will have Republican control of the Senate and the House,” Speaker Mike Johnson commented on the outcome. “Things are going to be very different around here. This was a necessary step to bridge the gap.”
No one “wins” in a central banking system except those with power over others, who can levy taxation at will, and the central banksters themselves.
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