Elon Musk says America will go broke and US dollar will collapse
Share link:In this post: Elon Musk claims that America is going bankrupt, causing fears about the U.S. economy and the dollar’s future. The U.S. economy is slowing down, with lower growth and changes in consumer spending, though some experts think it won’t collapse. Upcoming 2024 elections and potential policy changes are adding uncertainty to an already shaky economy.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the infor
Elon Musk is at it again. This time, he took to Twitter, or X, to drop a bombshell about the U.S. economy. In response to a tweet by Billy Markus, the co-founder of Dogecoin, Elon declared that:
“America is going bankrupt.”
Billy had sarcastically commented about his tax dollars funding government mishaps. The growth of the U.S. economy has taken a hit. We all know that. Right?
By the way, Elon’s company Tesla didn’t sell a cent of their $640,866,000 in Bitcoin in the second quarter.
In the first quarter of 2024, GDP growth was just 1.4%, a big drop from 3.4% in the last quarter of 2023. Predictions for the third quarter aren’t too bright either, with growth expected to slow to around 1%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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