Former President Donald Trump took to his Truth Social platform on Friday to proclaim in an all-caps rant that, if he is not elected in 2024, America will see a catastrophic financial collapse and a new “Great Depression.”
“THE ECONOMY IS TERRIBLE & INFLATION, WHICH BY SOME ACCOUNTS IS MORE THAN 30% OVER THE LAST THREE YEARS, HAS TOTALLY DESTROYED THE BUYING POWER OF THE CONSUMER,” Trump wrote. “THE ONLY THING THAT IS KEEPING THE ECONOMY ‘ALIVE’ IS THE FUMES OF WHAT WE ACCOMPLISHED DURING THE TRUMP ADMINISTRATION. THE STOCK MARKET IS ONLY HIGH BECAUSE PEOPLE, & INSTITUTIONS, BELIEVE & EXPECT ME TO WIN THE PRESIDENTIAL ELECTION OF 2024.”
“IF I DON’T WIN, IT IS MY PREDICTION THAT WE WILL HAVE A STOCK MARKET ‘CRASH’ WORSE THAN THAT OF 1929 – A GREAT DEPRESSION!!!” he continued. “MAKE AMERICA GREAT AGAIN!”
This is not the first time Trump has made such a prediction. At a South Dakota rally in September, Trump said, “We’re probably heading into a Great Depression, something I’ve never said before publicly. I hate to say that this is the state I have to say it in.”
Last year, many economists and financial companies were bearish on America’s short-term prospects, believing that the credit-tightening policies the Federal Reserve was forced to enact to ease inflation would contract the labor market and cause a recession. This didn’t happen; in fact, jobs growth has remained strong even as inflation has come back down.
President Joe Biden has sought to capitalize on the improving economic conditions, touting “Bidenomics” as he makes the case for his own re-election in 2024.
Source: rawstory.com
