Krugman has this to say about it:
For those not familiar with how financial markets work, US Treasuries are the ultimate safe asset, used as collateral for everything. Even a hint that some Treasuries might not be honored could bring everything to a screeching halt
Musk and Trump are both in the habit of stiffing people they owe money. If markets even suspect that this habit will extend to Treasuries, God help us
At this point I’m pretty sure destroying the country is the point. I would not be the slightest bit surprised to hear he has muskrat whispering in his ear about buying literally everything after the collapse.
Wouldn’t completely destroying the economy make their billions near worthless as well?
They’re high on their own supply. A lot of these techbros seriously believe they’ll be new monarchs after societal collapse.
Depends on how much money they have in assets other than $USD.
No, it’s just converting money into power. Same thing they’ve been doing for years