While on the campaign trail in 2024 to support Donald Trump, tech billionaire Elon Musk was not shy in sharing his grave concern about Americans' financial future.
At his public Town Hall event in Pennsylvania, Musk warned: "...The federal government is spending America into bankruptcy, which is crazy... When the government spends more than it brings in, that's what causes inflation."
"MAGA Musk" could be justified here — The U.S. national debt crossed a record $36 trillion in 2024... and Uncle Sam's yearly interest payments have now exceeded $1 trillion, alone.
And while the country can't go "bankrupt" like individuals or companies can, dangerous debt like this could force continued money printing, inflation increase, and (even more) dollar weakening. Clearly, this is a threat to Americans' savings accounts everywhere.
"It's just a pernicious tax," Musk went on. "We have to radically reduce the amount of government spending so that we don't rack up a debt that is impossible to repay."
That's why hard-working Americans need to:
Look at Precious Metals like Gold & Silver to Help Protect — Click HERE for a FREE guide to see how fellow Americans are diversifying their accounts.
It's no secret that the value of the dollar has been in decline — especially after the Nixon administration detached our currency from proven assets by abandoning the gold standard in 1971. That's why everyday investors are looking to precious metals to help protect their wealth.
And it's not just individuals — JP Morgan Chase, the biggest investment bank in the world, is reported to now own the largest collection of physical silver in history. Could this be their "insurance" against more economic chaos?
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