Donald Trump Warns of Stock Market Crash and Great Depression if He Doesn’t Win Presidential Election

Former U.S. President Donald Trump has warned that the U.S. may face a inventory market crash worse than that of 1929 and a Great Depression if he doesn’t win the upcoming presidential election. He careworn that the U.S. financial system is “horrible” and inflation over the previous three years “has completely destroyed the shopping for energy of the buyer.”

Trump’s Market Crash and Depression Warnings

Donald Trump, the forty fifth President of the United States, has sounded the alarm concerning the U.S. financial system if he doesn’t win the presidential election this 12 months.

The former U.S. president posted on his social media platform Truth Social on Friday: “The financial system is horrible & inflation, which by some accounts is greater than 30% over the past three years, has completely destroyed the shopping for energy of the buyer. The solely factor that’s conserving the financial system ‘alive’ is the fumes of what we achieved in the course of the Trump administration.”

Trump added: “The inventory market is just excessive as a result of individuals, & establishments, imagine & anticipate me to win the presidential election of 2024.” He warned:

If I don’t win, it’s my prediction that we’ll have a inventory market ‘crash’ worse than that of 1929 — a Great Depression.

Official Bureau of Labor Statistics (BLS) knowledge present a 17% value improve since President Joe Biden took workplace. However, an alternative inflation measure, making use of the identical methodology used within the Nineteen Eighties, estimates this determine to be roughly double, exceeding 30%.

Trump’s path to the 2024 Republican nomination faces roadblocks, with ongoing authorized battles. He is presently barred from the first poll in Colorado and Maine. The Supreme Court is anticipated to rule whether or not states have the authority to stop from working for president.

This isn’t Trump’s first warning about financial calamity if he loses the 2024 presidential election. In July, he predicted an economic depression. In April, he fretted over a crashing U.S. dollar and our proximity to World War III. He additionally careworn that the U.S. is losing the foreign money warfare towards China, noting that the Chinese authorities is trying to dethrone the USD because the world’s dominant currency.

Meanwhile, some have predicted that Trump’s presidential victory would ship bitcoin hovering. Asset supervisor Vaneck, as an example, anticipates an all-time high for BTC after Trump wins the election. John Reed Stark, former web enforcement chief on the U.S. Securities and Exchange Commission (SEC), even recommended that Trump may change his anti-crypto stance dramatically. In addition, the previous U.S. president lately launched his third non-fungible token (NFT) assortment and reportedly sold thousands and thousands of {dollars} in ether (ETH) he acquired from NFT gross sales.

What do you concentrate on former U.S. President Donald Trump’s warnings? Let us know within the feedback part beneath.