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We're about to witness the greatest wealth transfer in history. Create a depression, depress asset valuations, buy assets from desperate people for pennies on t
by taylodl 2y ago
We're about to witness the greatest wealth transfer in history. Create a depression, depress asset valuations, buy assets from desperate people for pennies on the dollar. IIRC, Musk pretty much laid out this plan before the election.
- schmidtleonard 2y agoBut his wealth is overwhelmingly in the form of assets. If his Balance Sheet looked like Warren Buffet's balance sheet with a large and growing cash position, sure, maybe that could work, but it doesn't.
- walls 2y agoDidn't he just rug-pull a bunch of morons for a few billion dollars?
- schmidtleonard 2y agoA few billion is pocket change for Musk. Do you mean Trump?
- taylodl 2y agoI never accused Musk of being brilliant