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Elon Musk wants to radically reshape who controls America’s money supply (edition.cnn.com)

submitted 1 week ago by karl0sagentofchaso@lemmings.world to c/world@quokk.au

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Elon Musk, a key Trump backer who is expected to have considerable sway in helping shape Trump’s policies, included a “100” emoji while resharing Republican Sen. Mike Lee of Utah’s post on X calling for abolishing the Fed.

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[–] NaibofTabr@infosec.pub 20 points 1 week ago (1 children)

I... didn't realize he was actually interested in destroying the value of the dollar... this is a terrible idea.

[–] IHeartBadCode@fedia.io 10 points 1 week ago (1 children)

Worse yet, Sen. Lee's recent pitch is "get rid of the FED and then..... well we'll just figure it out after that."

Like literally, the main person behind this has zero clue on what they would do after getting rid of the FED. So not only would they in a single sweep up end the entire US dollar and all the global markets that have built around it. They have absolutely zero plan for what comes next.

Like you could not pitch a "let's fuck everything for the foreseeable future" plan any more than Senator Lee's current idea of how to "fix" things. But I mean dude clerked for Alito in the third circuit, so I mean, shit doesn't fall far from the asshole.

[–] sonori 8 points 1 week ago (1 children)

At this point I can’t help but wonder if a few foreign agents befriended him on Twitter and are now in an office competition to see who can convince him to do the dumbest thing possible.

[–] LillyPip@lemmy.ca 2 points 1 week ago

He’s been talking regularly with Putin for months now.