I like Schiff. Even though he's wrong about Bitcoin's potential. Schiff's right, Musk is probably selling his 9% right now into the idiots buying the rip. He'll walk away with a cool billion from another pump and dump PR campaign. So yeah, probably another grift.
I think to a large extent Elon gets amusement from making waves, even if they have little practical effect on people's lives. Tesla stock is massively overvalued, so I suppose he makes this offer for Twitter, and if its accepted, he sells his Tesla stock before it tanks to make the buy, and he gets a massive bullhorn for his ideas. If they don't accept, he sells his Twitter shares at a massive profit, which offsets the likely future drop in the Tesla stock. Either way he gets a profitable position, and doesn't look like an ass for selling either stock at a high. A bit of a gamble, but a win for Elon either way.
Grifters gonna grift? Classic pump and dump?
https://www.youtube.com/watch?v=S39xZRBEzME
I like Schiff. Even though he's wrong about Bitcoin's potential. Schiff's right, Musk is probably selling his 9% right now into the idiots buying the rip. He'll walk away with a cool billion from another pump and dump PR campaign. So yeah, probably another grift.
I think to a large extent Elon gets amusement from making waves, even if they have little practical effect on people's lives. Tesla stock is massively overvalued, so I suppose he makes this offer for Twitter, and if its accepted, he sells his Tesla stock before it tanks to make the buy, and he gets a massive bullhorn for his ideas. If they don't accept, he sells his Twitter shares at a massive profit, which offsets the likely future drop in the Tesla stock. Either way he gets a profitable position, and doesn't look like an ass for selling either stock at a high. A bit of a gamble, but a win for Elon either way.
You just said "I like Schiff"???
On gold, the worthless dollar, cb inflation, ending the fed, yes.