Trump Predicts Market Crash, Great Depression if Not Reelected
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Ex-President Trump says if he doesn’t win the next election, the U.S. might see a stock market crash worse than 1929 and a new Great Depression. He thinks the economy is in bad shape, calling it “terrible.”
According to him, inflation in the last three years has hurt people’s ability to buy things. In simple terms, he’s worried about the country facing a big economic problem if things don’t go his way in the upcoming election.
Therefore, this news could make the stock market and investors nervous, as it suggests potential economic challenges ahead. Uncertainty about the outcome of the next election may lead to increased market volatility and cautious investor behavior.
Trump’s Economic Warning and 2024 Election Impact
Donald Trump, the 45th U.S. President, is raising concerns about the economy if he doesn’t win this year’s presidential election. On his social media platform, Truth Social, he shared worries about the “terrible” economy and soaring inflation, which he claims has eroded people’s buying power by over 30% in the last three years. Trump believes the current economic buoyancy relies on past achievements during his administration.
He pointed out that the stock market’s high levels hinge on the expectation of his victory in the 2024 election. Trump warned that if he didn’t win, there could be a stock market crash worse than the one in 1929, leading to a Great Depression. This message implies a strong link between his political success and the stability of the economy, suggesting potential consequences for the stock market and the overall financial landscape if his prediction comes true.
According to official data, prices have gone up 17% since President Biden took office, but using an older method, it might be more like 30%. Trump wants to run for president again in 2024, but he’s having problems. Some states, like Colorado and Maine, won’t let him be on the ballot for the primary election.
Trump’s Election Warnings and Economic Ripple Effects
This isn’t the first time Trump warned about bad things happening if he doesn’t win in 2024. Back in July, he said there might be an economic depression. In April, he was worried about the U.S. dollar crashing and even mentioned the possibility of World War III. He also thinks China is trying to make its money more important than the U.S. dollar.
On a different note, some people think if Trump wins, the value of Bitcoin could go high. A company called Vaneck believes Bitcoin could reach its highest value ever if Trump becomes president again. Some even say Trump might change his mind about cryptocurrencies. He just sold some special digital things called NFTs and made a lot of money from it. So, a lot is going on around Trump and the economy.
Therefore, Trump’s warnings about economic downturns and the potential positive impact on Bitcoin value if he wins in 2024, along with his NFT activities, create uncertainty in the crypto market, prompting reactions to potential policy shifts.
