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They aren't gonna stop are they? (thelemmy.club)
submitted 2 months ago by to c/anarchism@lemmy.dbzer0.com
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[–] 55 points 2 months ago (3 children)

Which also means that his wealth valuation is a house of cards, he cant collect on the fake value without crashing it

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  • [–] 56 points 2 months ago (2 children)

    But he can take out massive loans on that valuation.

    And that money can be used however he wants.

    Also, the recent IPO was him collecting money from a lot of people, and since he got exempted into a few indexes, people's retirement money is now tied to Musky scams.

    This means that if Musky does decide to cash out and crash the economy, he'll have an instant bailout.

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  • [–] 1 point 2 months ago*

    I think he only cares about this half-imaginary number being big as possible. He tried the politics/power thing for a bit but I feel it's clear that wasn't for him. He doesn't want to be on stage and talked about, those are just consequences of his real want. Everyone else that are even remotely close to him in that use way more to bribe, control and change things for their views.

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