Wednesday, 28 September 2022

Elon Musk Suggests He’s Interested In Working With Alternative Platform To YouTube

 Entrepreneur Elon Musk suggested this week that he was potentially interested in working with an alternative platform to YouTube after the left-wing tech company reportedly censored actor Russell Brand this week.

Brand claimed he was “officially censored by YouTube” for promoting misinformation related to the coronavirus pandemic, to which he responded by showing clips of leftist media personalities making false claims related to the pandemic and YouTube not taking action against their accounts.

Brand also claimed in the video that the reason that YouTube does not take action against these personalities is because YouTube is actually part of the mainstream media. Musk responded to Brand’s video saying, “Good point.”

When a political commentator suggested that Musk should get together with Rumble, Musk responded, “I’m a little preoccupied [right now].”

Rumble’s founder, Chris Pavlovksi, pleaded with Musk on Twitter, writing, “Elon, I founded Rumble and forever wanted to work with you.”

“Below is from 2010 when I visited SpaceX. I was ready 12 years ago, and I’m ready 12 years from now. Whenever you’re ready πŸš€,” he tweeted. “In the meantime, let’s peer our datacenters with Starlink to secure free speech πŸ™‚”

Musk responded, “Maybe worth talking at some point.”

Musk, who is in the middle of a legal battle with Twitter, weighed in on America’s monetary policy last week, arguing that it does not make sense.

Policymakers at the Federal Reserve increased the target federal funds rate by 0.75% on Wednesday afternoon, sending the Dow Jones Industrial Average tumbling more than 500 points. After stagnating on Thursday, the index fell another 900 points by early Monday afternoon to reach 29,300.

The Federal Reserve had initially pegged a near-zero target interest rate and acquired government bonds in order to stimulate the economy during the lockdown-induced recession. During an interview with CNBC, Wharton School professor Jeremy Siegel acknowledged he was “very upset” and said the Federal Reserve’s sudden hawkishness makes “absolutely no sense.”

“It’s like a pendulum. They were way too easy… through 2020, 2021,” Siegel said, observing that no members of the media were willing to ask Federal Reserve Chair Jerome Powell tough questions during the most recent rate hike announcement. “And now… ‘We’re going to be real tough guys until we crush the economy’ … Poor monetary policy would be an understatement.”

The M1 money supply, which includes liquid forms of money such as demand deposits and checking accounts, rose from $4.8 trillion to $16.2 trillion between April 2020 and May 2020 alone, according to data from the Federal Reserve. The metric peaked at $20.7 trillion in March 2022 and has since fallen slightly.

Musk, who said three months ago that he has a “super bad feeling” about the economy, commented on social media that Siegel is “obviously correct.”


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