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Joined 7 months ago
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Cake day: August 29th, 2024

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  • Technically his total wealth has declined to about $342 Bn, and technically that is only if he sold off all of his assets namely his Tesla stocks, at which point it would instantly become less than $342 Bn due to the market’s fast acting supply/demand price setting.

    At any given time you should assume Musk has less than $30 Bn liquidity, which is still a fucking lot.

    Also, he bought Twitter so you can say he spent a lot more than $300 to elect Trump. $300 was just his campaign contributions.



  • I personally go by money velocity and natural inflation (as in creation of nonphysical money via debts) as indicators for good or bad economy.

    When people spend money that they actually have, all is well. When people save money: they are afraid. When they spend money that they dont have:they should be.

    Something people all over the world are starting to realize, as a new age of aggression is upon us, is that GDP is just a trade indicator which doesn’t quantify a country’s capability or assets.