As the US economy faces uncertainty and a possible recession, Tesla CEO Elon Musk has painted a worrying picture. Musk warned that the US is on the path to bankruptcy and believes the government’s spending habits are the reason. He also expressed concern about Americans’ credit card debt and believes that high interest rates are putting a lot of pressure on household budgets each month. Musk warned that rising government debt could reduce the value of the dollar and even send it to zero. He sees the Federal Reserve’s secret money printing as the cause of inflation and believes that this has led to a rise in the price of alternative assets such as Bitcoin (BTC). Musk’s recent comments show that he is actively speaking out on economic issues ahead of the US presidential election and has aligned himself with Republican candidate Donald Trump’s policies.
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