{"id":1916766,"date":"2023-04-19T14:26:18","date_gmt":"2023-04-19T18:26:18","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elon-musk-predicts-dire-financial-situation-for-u-s-later-this-year\/"},"modified":"2023-04-19T14:26:58","modified_gmt":"2023-04-19T18:26:58","slug":"elon-musk-predicts-dire-financial-situation-for-u-s-later-this-year","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elon-musk-predicts-dire-financial-situation-for-u-s-later-this-year\/","title":{"rendered":"Elon Musk Predicts Dire Financial Situation For U.S. Later This Year"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Felon-musk-predicts-dire-financial-situation-for-u-s-later-this-year%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1916766&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Twitter CEO <a href=\"https:\/\/www.dailywire.com\/topic\/elon-musk\" target=\"_blank\" rel=\"noopener\">Elon Musk<\/a> said during an interview Tuesday night that he believes that the U.S. might be on the verge of serious financial issues later this year due to a variety of factors.<\/p>\n<p>Speaking to Fox News host Tucker Carlson, Musk said that the collapse of some major banking institutions like Silicon Valley Bank was an indicator that there are serious conditions on the horizon.<\/p>\n<p>\u201cWe have a situation here where it\u2019s not merely \u2014 it\u2019s not that the canary in the coal mine has died, but the miners are starting to die, too,\u201d he said. \u201cSilicon Valley Bank collapsing overnight is one hell of a big canary. \u2026 I think that there is a serious danger with the global banking system.\u201d<\/p>\n<p>Musk said that he believes that commercial real estate properties that have been vacated due to the pandemic will exacerbate problems for banks because those were considered to be hard assets that had a lot of value for the banks.<\/p>\n<p>\u201cSo, we really haven\u2019t seen the commercial real estate shoe drop,\u201d he said. \u201cThat\u2019s more like an anvil, not a shoe. The stuff we\u2019ve seen thus far actually hasn\u2019t even \u2014 it\u2019s only slightly real estate portfolio degradation, that will become a very serious thing later this year in my view.\u201d<\/p>\n<p>Musk warned that inflation was going to continue to get worse because he said that the Fed won\u2019t reduce interest rates during an election year.<\/p>\n<p>\u201cInflation is going to happen no matter what,\u201d Musk said.<\/p>\n<p>Musk went on to slam Congress for passing the COVID stimulus bills because they \u201cwere not paid for\u201d and they greatly exacerbated inflation.<\/p>\n<p><b data-stringify-type=\"bold\"><a class=\"c-link c-link--focus-visible\" href=\"https:\/\/onelink.to\/dwapp\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"https:\/\/onelink.to\/dwapp\" data-sk=\"tooltip_parent\">CLICK HERE TO GET THE DAILY WIRE APP<\/a><\/b><\/p>\n<p>\u201cAs the old saying goes, there\u2019s no free lunch,\u201d he said. \u201cSo if you could just issue massive amounts of money without negative consequences, why don\u2019t we just take that to the limit, make everyone a trillionaire? They tried that in Venezuela. How\u2019d that work out?\u201d<\/p>\n<p><strong>WATCH:<\/strong><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8 Elon Musk Predicts a Financial Crisis Happening Later This Year<\/p>\n<p>.<a href=\"https:\/\/twitter.com\/elonmusk?ref_src=twsrc%5Etfw\">@elonmusk<\/a> explains that money is simply digits in a database, reflecting the production of businesses and services in an economy. If both factors stay constant, inflation can be controlled. But when money enters\u2026 <a href=\"https:\/\/t.co\/g9cn0ziP4x\">pic.twitter.com\/g9cn0ziP4x<\/a><\/p>\n<p>\u2014 Dr. Simon Goddek (@goddeketal) <a href=\"https:\/\/twitter.com\/goddeketal\/status\/1648488786056151041?ref_src=twsrc%5Etfw\">April 19, 2023<\/a><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Twitter CEO Elon Musk said during an interview Tuesday night that he believes that the U.S. might be on the verge of serious financial issues later this year due to a variety of factors. Speaking to Fox News host Tucker Carlson, Musk said that the collapse of some major banking institutions like Silicon Valley Bank<\/p>\n","protected":false},"author":102,"featured_media":1916767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[22293,4249,4263,4250,5713,11291,7238],"class_list":["post-1916766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire","tag-dire","tag-elon","tag-financial","tag-musk","tag-predicts","tag-situation","tag-u-s"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1916766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/102"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1916766"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1916766\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1916767"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1916766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1916766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1916766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}