Elon Musk reposts call to end the Federal Reserve Bank
The United States dollar has lost approximately 96% of its value since the Federal Reserve Bank was established in 1913.
Elon Musk appeared to support a call to end the Federal Reserve Bank in the United States after reposting a tweet from Utah Senator Mike Lee — who called for greater executive oversight over monetary policy and abolishing the central bank.
Lee argued that Federal Reserve chairman Jerome Powell’s recent assertion that he would not resign from his post, even if asked to by incoming President Donald Trump represented an out-of-control system. Lee wrote via his social media account:
Lee’s call to abolish the Federal Reserve Banking System in the United States represents a growing sentiment among sound money advocates and Bitcoin (BTC) maximalists — who argue that centrally managed fiat currencies are prone to monetary inflation and currency devaluation.
