• 2 Posts
  • 284 Comments
Joined 2 months ago
cake
Cake day: December 10th, 2024

help-circle







  • Except he doesn’t really have unlimited money. Like most rich bastards he had assets - aka, hypothetical money (investments). They take out loans using that hypothetical money as collateral, and then have to pay that money back over time, which they can do by earning dividends (hypothetical money increases that they can access without penalties) or selling hypothetical money for real money (possibly with penalties).

    Musk borrowed an enormous amount of money, which saddled the loaners with hypothetical money that began to decrease in value, and were this unable to profit by selling it for actual money. They therefore have to trust that Musk will repay these loans or else sell them at a loss to some other dumb bastard.





  • Unfortunately there’s no way to predict it with any accuracy. IIRC his family history suggests a long lifespan. But that doesn’t matter because if Vance replaced him, that limp sausage will do whatever he’s told to do by his fellow cult members. The only hope then will be watching MAGA dissolve into infighting because nobody will have the charisma to hold the movement together. In that case it’ll lock up unless somebody can slap them around enough to restore order, but who’s gonna pull that off? Most Republicans have less charisma than moldy fruit.