WATCH: Elon Musk Says That America Could Be Headed For Another Great Depression On Tucker Carlson

On Tuesday evening, the interview with Elon Musk aired for the second night on ‘Tucker Carlson Tonight’ to discuss the future of the American economy.

The beginning of the segment focused on the recent collapse of Silicon Valley Bank. Musk stated that the collapse of Silicon Valley Bank was not a localized problem, but instead, it is a “serious danger” to the global banking system.

He went on to explain that the entire banking industry has negative equity partly due to the lowered user of office usage thanks to remote work.

Musk emphasized that commercial real estate used to be a grade-A asset and that banks having those assets were previously secure in their investment. However, the rise of remote work is leading to companies not being able to sustain their commercial real estate assets which could lead to greater collapses.

WATCH: TUCKER CARLSON BLASTS THE LEFT’S SUPPORT OF MOB VIOLENCE AND FAILED DEMOCRAT LEADERSHIP IN CHICAGO

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The billionaires said that it will become a problem later this year and that house prices will go down in the future thanks to rising interest rates.

Musk did say that there was a solution to fix these problems and that is for the federal reserve to lower interest rates, however, they have continued to raise rates. Musk then recalled that the last time that the Fed raised rates was in 1929 thus leading to the Great Depression.

The SpaceX founder then said that inflation is going to happen no matter what the Federal Reserve does.

“There’s no free lunch,” Musk said, going on to explain that there is no way to issue more money without having more inflation in the greater economy.

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