Elon Musk: America is ‘toast’ if AI doesn’t solve this 1 serious problem. How to protect your wealth now
TeslaTesla(US:TSLA) Yahoo Finance·2025-12-15 12:45

The dollar’s shrinking buying power is familiar to Americans. According to the Federal Reserve Bank of Minneapolis, a current $100 bill has about the same purchasing power as $12 in 1970. [6]“There won't be a default — the central bank will come in, and we'll print the money and buy it,” he said. “And that's where there's the depreciation of money.”With the U.S. national debt at $38.33 trillion as of Nov. 24, that scenario is no longer far-fetched (5).Musk isn’t the only billionaire sounding alarms. Ray Dal ...