Elon Musk: America is ‘toast’ if AI doesn’t solve this 1 serious problem. How to protect your wealth now

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Tesla CEO Elon Musk had rather a thrust heading the Department of Government Efficiency (DOGE) — an inaugural designed to slash national waste, fraud, and maltreatment crossed the government.

Speaking astatine the All In Summit successful September, Musk described his stint successful Washington arsenic “a hellhole of a broadside quest” and didn’t clasp backmost erstwhile asked what he’d learned. [1]

“The authorities is fundamentally unfixable,” helium declared, drafting laughter — and past applause — from the audience.

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According to DOGE’s website, the inaugural racked up an estimated $214 cardinal successful savings, though critics person questioned the math. [2]

Musk says the large occupation is America’s ballooning debt.

“It’s bully to person talented radical successful the administration. But astatine the extremity of the day, if you look astatine our nationalist debt, which is insanely high, the involvement payments transcend the Defense Department — I guess, sorry, War Department fund — and they support rising,” helium said.

The numbers backmost him up. Treasury information amusement the U.S. paid $1.2 trillion successful nett involvement successful fiscal year-to-date 2025 — much than the $850 cardinal budgeted for defence this twelvemonth (3, 4).

That world underpins Musk’s stark warning: “So if AI and robots don’t lick our nationalist debt, we’re toast.”

Musk isn’t the lone billionaire sounding alarms. Ray Dalio, laminitis of the world’s largest hedge fund, Bridgewater Associates, has agelong cautioned that America is heading toward a “debt decease spiral,” wherever the authorities indispensable get simply to wage involvement — a vicious rhythm that accelerates implicit time.

With the U.S. nationalist indebtedness astatine $38.33 trillion arsenic of Nov. 24, that script is nary longer far-fetched (5).

Dalio doesn’t expect an outright default, but helium sees different danger: currency erosion.

“There won't beryllium a default — the cardinal slope volition travel in, and we'll people the wealth and bargain it,” helium said. “And that's wherever there's the depreciation of money.”

The dollar’s shrinking buying powerfulness is acquainted to Americans. According to the Federal Reserve Bank of Minneapolis, a existent $100 measure has astir the aforesaid purchasing powerfulness arsenic $12 successful 1970. [6]