Elon Musk hit Joe Biden with the devastating news that will end his Presidency

Joe Biden’s poll numbers remain stuck in a free fall.

Biden may have passed the point of no return.

And Elon Musk hit Joe Biden with the devastating news that will end his Presidency.

In a podcast interview on Monday, Elon Musk ridiculed the false talking point put forth by Joe Biden and his allies claiming that Vladimir Putin, COVID, and Congressional Republicans were to blame for rising inflation.

Musk explained the simple lesson of economics, that when the government prints more money, the value of the dollar declines.

“I mean, the obvious reason for inflation is that the government printed a zillion amount of more money than it had, obviously,” Musk stated.

Musk continued by stating that since the government can’t bounce checks, the Federal Reserve just continually prints money to cover the government’s bills.

“So it’s like the government can’t just, you know, issue checks far in excess of revenue without there being inflation, you know, velocity of money held constant,” Musk added. “If the federal government writes checks, they never bounce. So that is effectively the 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 the government could just issue massive amounts of money and deficits didn’t matter, then, well, why don’t we just make the deficit 100 times bigger? The answer is, you can’t because it will basically turn the dollar into something that is worthless,” Musk declared.

Even left-wing economists warned that Joe Biden’s $1.9 trillion Blue State Bailout Bill would cause inflation.

Biden ignored those red flags due to left-wing historians filling his head with nonsense about how he could become the new FDR.

As an example, Musk cited countries like Venezuela that tried printing endless supplies of money to fund massive expansions of government only to end in disaster.

“Various countries have tried this experiment multiple times,” Musk noted. “Have you seen Venezuela? Like the poor, poor people of Venezuela are, you know, have been just run roughshod by their government.”

In 2018, inflation in Venezuela surged to over 6,000% after the communist government devalued the currency.

Polls show inflation is the number one issue facing voters this November.

No other issue comes close.

And the current trajectory suggests Republicans will win control of one or both houses of Congress, which will spell the end of Joe Biden’s ability to move his agenda or judicial nominations forward.

Renewed Right will keep you up-to-date on any new developments in this ongoing story.