Former President Donald Trump issued a stark warning early Monday morning, predicting economic collapse and global conflict as stock markets showed signs of distress. Trump’s statements followed a dramatic 1,200-point drop in Dow futures, triggered by a global sell-off amidst rising recession fears.
Trump’s Latest Video:
In his typically bold style, Trump took to social media to declare, “STOCK MARKETS ARE CRASHING, JOBS NUMBERS ARE TERRIBLE, WE ARE HEADING TO WORLD WAR III, AND WE HAVE TWO OF THE MOST INCOMPETENT ‘LEADERS’ IN HISTORY. THIS IS NOT GOOD!!!” This message underscores his belief that the current administration’s policies are leading the nation towards unprecedented turmoil.
Trump included a quote from billionaire investor Howard Lutnick, CEO of Cantor Fitzgerald, who linked the market turmoil to Vice President Kamala Harris’s recent rise in the polls. “Japan down 12%, India down 6%. Germany way down also. U.S. really bad. This is a preview of the world markets without Donald J. Trump in the White House. None of this happens if Trump is in. Kamala and the markets don’t go together. She’ll destroy the markets. She’s in power now and look at what is happening. One week of the fake media saying better polls and you get a market crash,” Lutnick said.
Lutnick, a staunch Trump supporter, recently co-hosted a high-profile fundraiser in the Hamptons, aiming to raise $10 million for Trump’s campaign. His remarks amplify Trump’s belief that the current administration’s policies are detrimental to the economy and that the markets thrived under his leadership.
Donald Trump cautioned that the market would crash under Biden, predicting a major recession .
Today #stockmarketcrash is expected to be worse than #BlackMonday. Bitcoin is down, and the South Korean market has suspended all trades. Warren Buffet liquidated most of his stocks… pic.twitter.com/ycyVUfaE9z
— Sophie Rain Thread 🔥❤️ (@SophieRainForum) August 5, 2024
The significant market drop coincides with a period of economic uncertainty, exacerbated by inflation, geopolitical tensions, and policy shifts are undermining economic stability. The notion that Harris, who has been perceived as an increasingly influential figure within the administration, could be a detrimental force on the markets is a viewpoint gaining traction among Trump’s base.
The broader market context involves substantial declines across global markets. Japan’s Nikkei 225 fell by 12%, and India’s Sensex dropped by 6%, signaling widespread investor anxiety. European markets also experienced significant losses, with Germany’s DAX index notably affected. These declines reflect a complex interplay of factors, including concerns over central bank policies, trade tensions, and the ongoing impact of the COVID-19 pandemic.
There is a clear contrast between Trump’s administration’s economic policies and those of his successors. He is a stabilizing force, capable of driving market confidence and economic growth, while the current administration is inept and harmful to both national and global economic health.
The market downturn is a direct consequence of Harris’s influence and a potential Trump loss.
In this volatile economic climate, the interplay between market movements and political debate will likely intensify. The stakes are high, and the choice of leadership could have profound implications for the nation’s economic future.
Sponsors:
Huge Spring Sale Underway On MyPillow Products
Use Promo Code FLS At Checkout
Inflation Buster: Freedom From High-Cost Cell Plans (50% off first month with promo code: FLS)
Freedom From High-Cost Cell Plans Same Phones, Same Numbers, Same Coverage For About Half The Price.
http://GetPureTalk.Com