Billionaire and Donald Trump adviser Elon Musk has backed the idea of completely dismantling the US Federal Reserve System (FRS), reposting a statement by Utah Senator Mike Lee.
Let us recall that earlier the senator criticized the statement by Fed Chairman Jerome Powell that he would not resign even at the request of future President Donald Trump. His statement caused a heated discussion in US political circles.
Analysts estimate that the US dollar has lost almost 1913% of its value since the regulator was created in 96, and this is increasingly worrying both markets and policymakers.
It is not surprising that Elon Musk supported the senator's initiative that the Fed is causing more harm and should be eliminated. Especially since, against the backdrop of the growing US national debt, more and more financiers and companies are considering Bitcoin as the best tool against the depreciation of the US dollar.
