The world's richest man, Tesla CEO Elon Musk, has issued a warning about the financial outlook in the United States, expressing concerns over the $36.17 trillion national debt. 🔥🔥🔥
He warns that if action is not taken swiftly, the value of the dollar could plummet to zero, resulting in a financial collapse. 23% of the government's total revenue has been consumed by debt interest, and this figure continues to rise, indicating that funding for crucial projects will run dry.
In fiscal year 2024, federal government interest payments could reach $1.1265 trillion, with total revenues at $4.92 trillion. Musk's warning serves as a wake-up call for policymakers. In the face of these challenges, he suggests investing in real estate, strong stocks, and gold for value preservation.
Musk believes that without action, the U.S. will face bankruptcy, as rising national debt and inflation will lead to a devaluation of the dollar. He points out that the total national debt is enormous, and interest expenditures are crowding out funding for essential services.
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