'We Either Fix This Or Go De Facto Bankrupt': Elon Musk On Federal Reserve Nightmare Coming True
ABP NewsX owner Elon Musk has been voicing concerns against the spiralling US debt and has warned everyone of the looming bankruptcy which will be like a federal reserve 'nightmare' coming true. Musk on X wrote, "We either fix this or go de facto bankrupt." We either fix this or go de facto bankrupt https://t.co/hmjpx6uBfd — Elon Musk December 26, 2024 He wrote this while quoting a post from the prediction market Kalshi's account that warned everyone of US having a severe spending "problem current national debt is now at $36 trillion and growing" and proposing a "potential solution" in the form of Musk's D.O.G.E.. Economic Crisis Lies Ahead For US? In response, the Federal Reserve implemented aggressive interest rate hikes, increasing debt servicing costs and raising concerns about a potential financial "death spiral."