In recent developments, a surprising alliance between presidential candidate Donald Trump and Tesla’s Elon Musk has emerged, marked by mutual endorsements and shared views.
Musk has championed Trump’s potential presidency as a critical opportunity to address the U.S.’s mounting debt crisis.
In a recent interview on the All-in Summit podcast, Elon Musk praised Trump’s candidacy as a pivotal chance to implement necessary government reforms and prevent national bankruptcy.
.@elonmusk live at the all-in summit! https://t.co/ydbJcuAsGJ
— The All-In Podcast (@theallinpod) September 9, 2024
Musk has long criticized U.S. fiscal policies, particularly the excessive defense budget, which he believes contributes significantly to the national debt.
Moreover, Trump has proposed that Musk lead a new government efficiency commission to root out fraud and improve accountability within federal programs.
Musk has expressed readiness to take on this role, emphasizing his commitment to public service without seeking financial compensation.
Robert Kiyosaki, author of Rich Dad Poor Dad, has issued a bold prediction on silver, calling it the “best asymmetric buy” currently available.
Fresh data on Personal Consumption Expenditures (PCE) — the Federal Reserve’s preferred inflation gauge — shows inflation ticked higher in May, potentially delaying the long-awaited Fed rate cut into September or later.
Federal Reserve Chair Jerome Powell is once again under fire, this time facing renewed criticism from Donald Trump over the Fed’s decision to hold interest rates steady in June.
Billionaire investor Ray Dalio has sounded the alarm over America’s soaring national debt, warning of a looming economic crisis if no action is taken.