PALM BEACH, Florida — Former President Donald Trump informed Breitbart Information completely on Thursday night that if he doesn’t win the 2024 presidential election, he expects the nation’s financial system will spiral right into a “despair” just like the 1929 “Nice Despair.”
Trump, who sat with Breitbart Information for greater than two hours on Thursday night at his Mar-a-Lago resort, additionally mentioned through the interview that current inventory market good points are occurring as a result of the polls present him main Democrat President Joe Biden considerably and that persons are betting on a Trump victory in November.
“I believe if I don’t win, we’re going to have a despair like 1929,” Trump informed Breitbart Information. “I believe the rationale the inventory market is up is as a result of in the event you take a look at the polls, individuals say I’m going to win. Biden is getting fortunate in that regard. I had an exceptional inventory market. Every little thing was good about our financial system. We had no inflation.”
Trump is right that the inventory market is booming proper now. In accordance with CNBC, on Friday — the final buying and selling day of 2023 — the market closed out the yr by climbing for the ninth straight week, ending the month, quarter, and yr with good points.
“Shares fell barely on Friday, however the S&P 500 closed out 2023 with a shocking acquire of 24% as inflation slowed, the financial system remained sturdy, and the Federal Reserve signaled an finish to its rate-hiking marketing campaign,” CNBC’s Samantha Subin wrote, persevering with:
The S&P 500 rose for 9 straight weeks to finish the yr, its finest win streak since 2004. Huge Tech shares lifted the Nasdaq Composite to its finest yr since 2020 on AI enthusiasm. The broad index fell 0.28% to settle at 4,769.83, with a 24.2% acquire for the yr. The S&P 500 ends 2023 simply wanting a brand new all-time excessive. At one level on Friday, it climbed inside 9 factors, or lower than 0.2%, from its document shut of 4,796.56 attained in January 2022.
Trump informed Breitbart Information that whereas inflation has cooled considerably in current months, he thinks that it has performed so as a result of the broader financial system is in hassle — and that the roles numbers are “faux” as a result of he mentioned hundreds of thousands of persons are sitting on the sidelines not even on the lookout for jobs.
“The inflation has eaten up any good points,” Trump mentioned. “The inflation is so rampant. The inflation has calmed down a bit bit now, however that’s as a result of the financial system is just not good. The roles numbers are faux as a result of hundreds of thousands of persons are not on the lookout for jobs.”
Trump’s feedback got here throughout a bit of the interview when Breitbart Information requested him why he thinks many within the institution media are aggressively attacking him as an “authoritarian,” with some even going as far as to ludicrously examine him to the German dictator Adolf Hitler. Requested why he thinks they’re doing that, Trump mentioned it’s “as a result of they don’t have anything else.”
“They don’t have anything to marketing campaign on,” Trump mentioned of the Democrats pushing the authoritarian claims into the media. “The nation is a catastrophe. Inflation has eaten up all the things. There’s a brand new narrative; I’m telling you the rationale the inventory market is up is simply as a result of individuals suppose I’m going to win the election. That’s popping out massive proper now. They’re saying the inventory market is up as a result of individuals suppose I’m going to win the election. That’s occurring by rather a lot.”
For the reason that interview with Breitbart Information, Trump has pushed an identical message predicting a “Nice Despair” if he doesn’t win in November 2024 on Fact Social to his hundreds of thousands of followers there:
Latest polling from Morning Seek the advice of confirmed a majority of American voters — 50 p.c — view Trump because the extra trusted candidate between him and Biden to deal with the financial system. Biden clocks in at simply 32 p.c, 18 factors worse than Trump.
Rather more from Trump’s newest unique interview with Breitbart Information is forthcoming.