1 year ago
Tesla and Spacex CEO Elon Musk believes that fiat currency is simply a scam that is truthful normalized that we don’t adjacent recognize that it’s a scam. Many radical stock a akin view, including Rich Dad Poor Dad writer Robert Kiyosaki, who has often cautioned against investing successful the U.S. dollar and different fiat currencies, which helium labels “fake” money.
Elon Musk Thinks Fiat Currency Is a Scam
The CEO of Tesla and Spacex, Elon Musk, believes that fiat currency is simply a scam. In a post connected societal media level X, idiosyncratic Wall Street Silver shared an representation with a question connected Sunday: “What’s a scam that’s truthful normalized that we don’t adjacent recognize it’s a scam anymore?” Musk replied: “Fiat currency.”
Musk has agelong been captious of fiat currency. In February 2021, helium tweeted, “When fiat currency has antagonistic existent interest, lone a fool wouldn’t look elsewhere.” He besides compared fiat currency to BTC, stating: “Bitcoin is astir arsenic bs arsenic fiat money.” Nonetheless, helium added: “The existent conflict is betwixt fiat & crypto. On balance, I enactment the latter.”
The Tesla brag is not the lone 1 who holds the presumption that fiat currency is simply a scam, fraud, oregon Ponzi scheme. Vailshire Capital laminitis Jeff Ross described connected X Tuesday: “The fiat currency strategy exists to methodically extract purchasing powerfulness from its participants.” Rich Dad Poor Dad writer Robert Kiyosaki has besides called the U.S. dollar a scam, and predicted the demise of the USD. The celebrated writer refers to fiat wealth arsenic “fake money,” portion golden and metallic are “God’s money” and bitcoin is “people’s money.” He wrote successful July: “Giant clang [is] coming … Get into existent gold, silver, bitcoin asap … End of fiat (fake) wealth [is] near.”
Do you hold with Elon Musk that fiat currency is simply a scam? Let america cognize successful the comments conception below.
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