Elon Musk issues another warning about the $37 trillion national debt
On September 12, it was reported that Musk once again issued a warning about the United States' spiraling $37 trillion debt: "Ultimately, our ridiculously high national debt... interest payments have already surpassed the Department of Defense budget and continue to grow. If AI and robots can't solve the national debt problem, we're finished," he said during an interview at the AllIn Summit. This year, the total U.S. debt has surged to $37 trillion, and the dual pressures of massive pandemic-era spending and rising interest rates may trigger a "crisis" for the U.S. dollar.
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15.49 trillion! BlackRock's assets under management have reached half of the US GDP
BlackRock recorded net inflows of $205 billions in the third quarter, with revenue rising 19% year-on-year to $7.75 billions. The flagship iShares ETF attracted more than $135 billions, while net inflows for private credit increased by $5 billions quarter-on-quarter. CEO Larry Fink stated that the company is entering the fourth quarter with accelerating momentum and solid reserves in the private market and pension fund businesses. However, Moody's warned that risks are still accumulating in the private credit market under the high interest rate environment.
The address associated with the Worldcoin project deposited 14.475 million WLD to an exchange within 24 hours.
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