Musk suggested abolishing the Federal Reserve, which may be a huge conspiracy to dump the US debt.
First, the US economic development model has reached the edge of debt bankruptcy. The US debt is too much, and even the interest is difficult to repay. As a private institution with central bank functions, if the Federal Reserve goes bankrupt and liquidates, its huge debt does not need to be repaid, but the American people and other countries holding US debt will suffer. The debt of the US government and the operation of the Federal Reserve to issue and purchase bonds are also thought-provoking.
Secondly, Trump's coming to power is a consensus between the deep government and big capitalists in the United States. The United States is similar to a company disguised as a country. When it goes bankrupt, it is mostly retail investors rather than major shareholders who are hurt. Musk's move may not be for the benefit of the people, but to dump the burden for the United States without harming the interests of the rich.
In short, we cannot be confused by appearances. Musk's proposal may have other deep meanings. If the Federal Reserve is really abolished, the US debt problem will be more complicated, and the global economy may be impacted. I hope that all parties can treat it with caution, avoid triggering a greater crisis, find a more appropriate solution, and make economic development more stable and healthy. $BTC $ETH