Elon Musk Says the US Dollar is Headed for Destruction

Today we read that one of the smartest men in the world is saying the dollar is going to be destroyed and that America is going bankrupt.  We always wondered why America was never mentioned in prophecy and now it’s becoming more clear.  When the rapture happens and millions of Americans vanish the dollar will collapse and America will be crushed.  She will no longer be capable of defending Israel or even sending bombs and munitions.  Israel will truly be all alone and the stage will be set.

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 "Where are we with dollar value destruction, you might ask," Musk posted to X alongside an image suggesting the U.S. is on the cusp of hyperinflation. "America is going bankrupt [by the way]," Musk added, replying to the cofounder of the meme-based bitcoin rival dogecoin who highlighted the soaring cost of interest payments on U.S. debt.

U.S. debt interest payments are forecast to hit $870 billion this year, according to a recent analysis by the Congressional Budget Office, after soaring inflation pushed the Federal Reserve to hike interest rates at a never-before-seen clip in the aftermath of huge Covid-era spending and money-printing.

Earlier this year, Bank of America analysts warned the U.S. debt load is about to ramp up to add $1 trillion every 100 days—fueling a bitcoin price surge.

"The U.S. national debt is rising by $1 trillion every 100 days," Michael Hartnett, chief strategist of Bank of America, wrote in a note to clients seen by CNBC, adding it's "little wonder 'debt debasement' trades [such as gold and bitcoin are] closing in on all-time highs."

https://www.forbes.com/sites/digital-assets/2024/07/24/us-dollar-destruction-tesla-billionaire-elon-musk-issues-35-trillion-bankrupt-warning-as-traders-bet-on-a-donald-trump-bitcoin-price-boom/