General Discussion

patphil

(7,283 posts)

13. The guy is worth over 300 billion dollars. What does he care?

Mon Nov 18, 2024, 01:43 PM

Nov 18

I don't think the WSJ understands what it is that Donald Trump wants to succeed at.
Also, Musk contributed over 100 million dollars to Trump's campaign. He's going to reward Musk, even if it hurts a whole lot of people; something Musk has already says will happen.
So, Musk obviously plans to sell high before the shit hits the fan, and then buy at bargain prices after the crash.
The rich can get richer in times of economic turmoil if they know what's coming. And, Musk knows what his plans and actions will do to the economy.

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Highlight:

Raw Story: WSJ editorial warns Elon Musk's 'blow-it-all-up' ideas will devastate U.S. economy [View all] Yavin4 Nov 18 OP

Just talk of defaulting on the debt can cause the market to crater. Walleye Nov 18 #1

Truly amazing that people think that Trump's craziness won't affect them. Yavin4 Nov 18 #3

That's almost the silver lining to this radius777 Nov 19 #53

The Corporations and Trumphumpers DENVERPOPS Nov 20 #58

The economy crashes dweller Nov 18 #7

If the chickens don't all die, of bird flu Walleye Nov 18 #9

Not exactly trash it ... dweller Nov 18 #11

Oh, especially the USDA not fooled Nov 18 #22

You would think that if they were so good markodochartaigh Nov 18 #26

But of course Tweedy Nov 18 #28

And getting rid of most of the agricultural workforce Bettie Nov 18 #31

The plan is to bring back the Bracero program Tweedy Nov 18 #43

They really are just Bettie Nov 18 #49

Nihilism unleashed Tweedy Nov 19 #50

I was just thinking that Meowmee Nov 20 #54

They Think They Can Rebuild The Economy erpowers Nov 20 #63

Yeah. You know what? Tweedy Nov 22 #66

Me looking at my flock of 20 chickens NickB79 Nov 18 #29

The market hates uncertainty more than anything. Dulcinea Nov 18 #8

That's the plan. They've said as much all along Docreed2003 Nov 18 #2

Few take Trump at his word. Yavin4 Nov 18 #5

"Ha ha. Suckers and Losers!" - G.O.P.'s Secret Komrade BoRaGard Nov 18 #4

Putin ain't doing all of this so that America is economically strong. Yavin4 Nov 18 #6

WORLD Codifer Nov 18 #23

Not so fast, my friend Yavin4 Nov 18 #38

Well, Codifer Nov 18 #39

Putin takes the West. China takes the East. Yavin4 Nov 18 #40

Putin gets Europe and the US. China gets the Pacific. Irish_Dem Nov 20 #59

Sure seems to be working. rubbersole Nov 18 #25

He knows that the West is run by thoroughly corrupt leaders and the people are dumb and racists. Yavin4 Nov 18 #37

No shit. Solly Mack Nov 18 #10

But then he can buy it all up at 25 cents on the dollar. louis-t Nov 18 #12

The guy is worth over 300 billion dollars. What does he care? patphil Nov 18 #13

Bitcoin will be the new currency to replace the dollar. rubbersole Nov 18 #27

That is a scary thought indeed. patphil Nov 18 #44

Elon bdamomma Nov 18 #45

So the WSJ wants 'steady and knowledgeable economic policy'. Biophilic Nov 18 #14

they very much helped to create that monster Skittles Nov 18 #34

Where was this editorial before the election? nt City Lights Nov 18 #15

THIS SunSeeker Nov 18 #21

Not fair for the rich... Johnny2X2X Nov 18 #16

Just remember bdamomma Nov 18 #46

The goal is to destroy the US economy. Irish_Dem Nov 18 #17

They assume Trump's idea of success is for America to "be better" relayerbob Nov 18 #18

What's new... orwell Nov 18 #19

Yes they will Nigrum Cattus Nov 18 #20

Disaster capitalism. Surely they knew rainin Nov 18 #24

Translated: current rich people will lose money and houses and stuff no_hypocrisy Nov 18 #30

Will they bdamomma Nov 18 #47

Seems you might have wanted to remind your investment class readers exboyfil Nov 18 #32

LOL, these assholes Skittles Nov 18 #33

The Market may be the only thing that can reign Trump in - TBF Nov 18 #35

Oh Wall Street Journal bronxiteforever Nov 18 #36

No shit, Sherlock Iris Nov 18 #41

They could have warned people before the election Thrill Nov 18 #42

Liz Truss tried a bit of "disrupting" as UK Prime Minister Emrys Nov 18 #48

THIS IS WHAT THEY SAID THEY WERE GOING TO DO! Bluethroughu Nov 19 #51

And That's What they're AFTER. Cha Nov 19 #52

I guess we're gonna see who has the real power. I don't think it's tsf and company PortTack Nov 20 #55

FAFO, hey Rupert? History will record you and Eloon... NNadir Nov 20 #56

They used the words "Steady and knowledgeable" and "Mr. Trump" in the same sentence! LOL! SpankMe Nov 20 #57

Seize his assets... lonely bird Nov 20 #60

Is Musk an anarchist? Aussie105 Nov 20 #61

That Is What Musk Wants erpowers Nov 20 #62

You hit the nail in the head with your translation. Escurumbele Nov 20 #64

All the Post below gives all types of reasons Dan Nov 20 #65