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"The Real President Is Whoever Controls The Teleprompter": Musk
Delivers Scathing Criticism Of Biden

Authored by Jack Phillips via The Epoch Times,

Tech billionaire Elon Musk this week warned that the United States
must take steps to address inflation or it will end up like socialist
Venezuela.

Musk, who is currently in the process of acquiring Twitter, told a
virtual conference that he believes the government has printed too
much money in recent years.

    “I mean, the obvious reason for inflation is that the government
printed a zillion amount of more money than it had, obviously,” Musk
said, likely referring to COVID-19 relief stimulus packages worth
trillions of dollars that were passed in recent years.

U.S. inflation rose by 8.3 percent in April, compared with the
previous year. That’s slightly lower than the 8.5 percent spike in
March, but it’s still near the 40-year high.

    “So it’s like the government can’t … issue checks far in excess of
revenue without there being inflation, you know, velocity of money
held constant,” the Tesla CEO said.

    “If the federal government writes checks, they never bounce. So
that is effectively creation of more dollars. And if there are more
dollars created, then the increase in the goods and services across
the economy, then you have inflation, again, velocity of money held
constant.”

If governments could merely “issue massive amounts of money and
deficits didn’t matter, then, well, why don’t we just make the deficit
100 times bigger,” Musk asked. “The answer is, you can’t because it
will basically turn the dollar into something that is worthless.”

    “Various countries have tried this experiment multiple times,” Musk said.

    “Have you seen Venezuela? Like the poor, poor people of Venezuela
are, you know, have been just run roughshod by their government.”

In 2018, Venezuela, a country with significant reserves of oil and
gas, saw its inflation rise more than 65,000 percent amid an economic
crash that included plummeting oil prices and government price
controls. The regime of Nicolas Maduro then started printing money,
thereby devaluing its currency, which caused prices to rapidly
increase.

During the conference, Musk also said the Biden administration
“doesn’t seem to get a lot done” and questioned who is actually in
charge.

    Tesla CEO Elon Musk goes after Biden:

    “The real president is whoever controls the teleprompter … There
were a lot of people in the [Trump] administration who were effective
at getting things done. This administration seems just to not have
like the drive to just get shit done.” pic.twitter.com/nc5qjQTaj1
    — The Recount (@therecount) May 17, 2022

“The real president is whoever controls the teleprompter,” he said.

    “The path to power is the path to the teleprompter.”

    “The Trump administration, leaving Trump aside, there were a lot
of people in the administration who were effective at getting things
done,” he remarked.

And it appears that Musk has seen enough of Democratic Party
politicking to know who he will vote for from now on...

    WOW! Elon Musk says he will be voting Republican this election &
explains how he wants algorithm transparency for Twitter.
pic.twitter.com/yDCKBCHLuD
    — An0maly (@LegendaryEnergy) May 17, 2022

Musk’s comment about the White House comes as Jeff Bezos, also one of
the richest people in the world, has increasingly started to target
the administration’s economic policies. Bezos, in a series of Twitter
posts, said the rapid increase in federal spending is the reason why
inflation is as high as it is.

“Remember the Administration tried their best to add another $3.5
TRILLION to federal spending,” Bezos wrote on Monday, drawing rebuke
from several White House officials.

“They failed, but if they had succeeded, inflation would be even
higher than it is today, and inflation today is at a 40-year high.”