Elon Musk Issues Warning to Americans as Biden’s Economy Teeters on Brink of Depression

SHARE
TWEET
Elon Musk Issues Warning to Americans as Biden-s Economy Teeters on Brink of Depression

Twitter CEO Elon Musk responded to the Federal Reserve’s latest attempt to downplay Joe Biden’s tanking economy, warning Americans to pay attention and prepare for a possible depression.

On Wednesday, the Federal Reserve said the United States would likely enter a “mild” recession later in 2023.

However, the word “mild” is the opposite of accurately describing the severity of Biden’s economy.

Even if the Fed used the word “unprecedented,” it still wouldn’t come close to describing how bad things are.

The Biden administration repeatedly claimed inflation was “transitory” and would soon decline.

Of course, that hasn’t happened.

Combine their inaction with Biden’s reckless spending policies, including sending billions to Ukraine, and you have a severe economic crisis.

But the awful state of the economy isn’t news for people paying attention.

You only have to look at the real estate market, which has completely collapsed, with some properties being forced to reduce massive chunks of their asking price in order to sell.

Meanwhile, American credit card debt is at an all-time high, surpassing 1 trillion for the first time in history.

Americans are ruining their credit scores as they scramble to survive and afford basic items.

Elon Musk knows the Fed is downplaying the awful economy, partly to shield Biden from political repercussions, but also prevent Americans from seeing the impending depression which he has been warning about.

Musk also issued a warning to Americans.

By then, America may already be in a depression.

Earlier this week, Musk mocked the Fed by claiming a World of Warcraft economy would fare better than the current financial system.

The Twitter CEO has also been vocally critical of the Fed’s sharp interest rate hikes over the past year.

Last month, Musk called for the Fed to abandon fighting inflation and start slashing interest rates to prevent the entire economic boat from going down like the Titanic.

But the Fed refused to listen, instead hiking interest rates two days later by a quarter percentage point.

One prominent investor has noted that betting against Musk is akin to betting against the late Apple founder Steve Jobs at the peak of his career.

READ: Janet Yellen: U.S. Taxpayers Have ‘Moral Duty’ to Help Ukraine

NOTICE: Our comment section is currently disabled due to malicious attacks preventing our readers being able to comment properly. We are in the process are implementing a new system which will be live soon! Sorry for any inconvenience!

SHARE
TWEET
Telegram
Email
Reddit
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Breaking

Trending

Speaker Johnson Enrages the Left Revealing His Favorite Bible Passage
Speaker Johnson Enrages the Left by Revealing His Favorite Bible Passage
Newly elected Republican House Speaker Mike Johnson discussed how his Christian faith shapes his politics...
Top Pentagon Official Arrested in Massive Human Trafficking Sting
Top Pentagon Official Arrested in Massive Human Trafficking Sting
The chief of staff for the Defense Department’s bureau was arrested during a large-scale human trafficking...
Ex-CIA Director Michael Hayden American Christians 'No Different' from Hamas Terrorists
Ex-CIA Director Michael Hayden: American Christians 'No Different' from Hamas Terrorists
Former NSA and CIA chief Michael Hayden spent his Thanksgiving week smearing patriotic American Christians,...
Liberal Journalist Left Stunned When Fact-Checked by Conservative Leader
Liberal Journalist Left Stunned When Fact-Checked by Conservative Leader - WATCH
Canada’s Conservative Party leader ruthlessly fact-checked a liberal journalist after she accused...
Michael Cohen Breaks Down Trump Will ‘Send Us to Guantanamo Bay’ If Re-elected
Michael Cohen Breaks Down: Trump Will ‘Send Us to Guantanamo Bay’ If Re-elected - WATCH
Disgraced lawyer Michael Cohen warned of the “grim” outlook Democrats, the media, and himself...
Power Grid Operator Warns of Total Blackout Due to Imminent Shut Down of Coal Plant
Power Grid Operator Warns of Total Blackout Due to Imminent Shut Down of Coal Plant
The power grid operator in the mid-Atlantic has warned that the planned shutdown of a coal-fired power...
Pentagon to Deploy AI Weapons That Autonomously Kill Human Targets
Pentagon to Deploy ‘AI Weapons’ That Autonomously Kill Human Targets
The United States government is on the verge of deploying new artificial intelligence technology (AI)...
Cosmopolitan Mag Gives Readers Instructions on How to Perform a Satanic Abortion Ritual
Cosmopolitan Mag Gives Readers Instructions on How to Perform a ‘Satanic Abortion Ritual’
Cosmopolitan magazine published a profile report on Samuel Alito’s Mom’s Satanic [Abortion]...
Satanic 'Hail Santa’ Christmas Tree Erected at Wisconsin Museum
Satanic 'Hail Santa’ Christmas Tree Erected at Wisconsin Museum
A Wisconsin museum is facing backlash after erecting a Satanic Christmas tree as part of their annual...
Tucker 2024 Is Going to Be like Nothing We’ve Ever Seen”
Tucker: "2024 Is Going to Be like Nothing We’ve Ever Seen” - WATCH
Former Fox News host Tucker Carlson delivered an explosive speech at the RiskOn360 Global Success Conference...
0
What are your thoughts? Click to commentx
()
x

JOIN THE FIGHT!

SIGN UP FOR OUR FREE BREAKING NEWSLETTER STRAIGHT TO YOUR INBOX! 

We don’t spam! Read our Privacy Policy for more info.