Again for those in the back, Elon once offered to cut a check for $6 BILLION to the WFB to "eliminate World hunger" as they said the money could. His one condition was that the accounting was public.
They did not accept.
No, you don't get it.
He does not have $1 trillion sitting in cash, it is 99% stock in his companies.
To make that wealth liquid would mean selling all that stock which would swiftly destroy *both* the companies (Tesla, SpaceX, others) and the wealth. If he sold it all, he'd end up with maybe $100b max, several hundred thousand people would be out of work, the companies ruined and many of their suppliers also ruined.
Okay, but now Elon has $100b in cash, and can "solve the world's problems".
$100b divided by the world's 8 billion people is $12
If you were in charge, several of the most innovative industrial companies in the world would be destroyed, hundreds of thousands out of work, and space would again close to human civilization for another generation.
But everyone on earth could have one nice meal and you could revel in your altruism.
Even a Year 5 student understands this.
When conflict hits the Strait of Hormuz, markets react first. Oil spikes. Panic headlines follow.
But like every geopolitical shock before it, markets stabilize once the situation becomes clear.
Short-term volatility is not the same as long-term reality.
What’s actually remarkable here is leadership.
After President Donald Trump, I struggle to think of another modern U.S. president who will be willing to directly confront the Iranian regime and its nuclear ambitions.
Temporary oil spikes are a small price to pay for eliminating a threat that has destabilized the Middle East for decades.
The adults in the room understand this.
@MorphwareAI | $XMW 🔸
A small cap project has officially partnered with Paraguay’s state electric company (ANDE) to utilize approximately 30,000 seized $BTC miners. Another nation state utilizing its existing resources to strengthen their infrastructure and countriebalance sheet.🚨