#noticiascripto 🚨💥Elon Musk, CEO of Tesla and billionaire entrepreneur, said that America is "de facto bankrupt" due to the burden of interest payments on the federal government's debt of $36.2 trillion.
"If this continues," Musk wrote on X on Monday, "America is de facto going bankrupt and all tax revenues will go towards paying interest on the national debt, with nothing left for anything else."
In response, economist Peter Schiff added that the situation is already beyond the point of recovery. "We are already bankrupt," Schiff said, predicting that the Federal Reserve would "unleash uncontrolled inflation" as a last attempt to manage interest costs before they exceed total tax revenues.