2024-10-03 08:10:49
Musk states that the USA is heading towards bankruptcy. This is impossible for a sovereign country that issues its own currency. It can never run out of money. Ever. Period. See link and explanation by economics professor [Link] NEEDS_MORE_RATINGS(15-2-118) Author
2024-10-03 08:41:37
NNN. If being able to print own currency meant you would never go bankrupt, Venezuela & Zimbabwe would be the richest nations on earth. Besides, Elon is expressing a personal opinion, take counter arguments to the comments. [Link] NEEDS_MORE_RATINGS(57-2-12) Author
2024-10-03 10:44:32
Countries can and do go bankrupt. Even those who print their own money. Print too much, the currency is devalued, inflation runs out of control, no other country will want to buy the debt. [Link][Link] NEEDS_MORE_RATINGS(44-2-9) Author
2024-10-03 17:19:51
NNN. Please read the guidelines for use and stop abusing Community Notes. Your opinion goes in the comments. [Link] NEEDS_MORE_RATINGS(10-0-3) Author
2024-10-03 18:13:16
A government with its own currency issues two types of points on a spreadsheet: cash and bonds, and swaps these on demand (“repayment”). So much for a debt burden And for the private sector bonds are the most prized asset Only debts in foreign currency can be a problem [Link][Link][Link][Link] NEEDS_MORE_RATINGS(5-0-23) Author