Former President Donald Trump unleashed a fiery tirade on Truth Social Monday morning, painting a dire picture of global turmoil and economic collapse as he seeks to rally voters ahead of the upcoming election.
In an all-caps post, Trump declared, “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!!!”
His alarming rhetoric comes in response to a recent dip in the stock market, triggered by a weaker-than-expected, though still positive, jobs report in the United States.
The market downturn has been partly attributed to expectations that the Federal Reserve might soon lower interest rates. Federal Reserve Chairman Jerome Powell is facing mounting criticism for not acting more decisively to address interest rate pressures, despite recent improvements in inflation figures.
Trump’s apocalyptic predictions include a vague warning of an impending “World War III,” a claim that lacks concrete context or evidence. His post also appeared to blame Vice President Kamala Harris for the economic situation, a notion that experts find unsubstantiated.
In a follow-up post, Trump cited comments from billionaire financial services executive Howard Lutnick, which echoed his dire warnings. “’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,’” Trump quoted Lutnick.
Trump’s latest outburst seems aimed at galvanizing his base by exploiting fears of economic and geopolitical instability, positioning himself as the savior who can avert the crises he dramatically describes.
