Donald Trump Warns US Economy Is Facing ‘Much Bigger Problem Than Recession’ — ‘We’ll Have a Depression’

Former President Donald Trump has warned that the U.S. system is facing “a overmuch bigger occupation than recession.” Noting that “We’ll person a depression,” helium stressed: “We person to get this state going, oregon we’re going to person a superior problem.”

Donald Trump connected Economic Recession and Depression

Former President Donald Trump warned Friday successful a code during a “Save America” rally successful Arizona that the U.S. could participate an economical slump owed to the fiscal policies of President Joe Biden. His remark was successful enactment of Republican Arizona gubernatorial campaigner Kari Lake.

Trump warned that the U.S. system could participate a slump akin to the Great Depression of 1929. Recent information showed that inflation successful the U.S. roseate 8.6% successful May from a twelvemonth prior, the highest complaint successful 4 decades.

“Real wages are collapsing and we’re connected the verge of a devastating, and this is devastating. It’s called stagflation look it up. It’s not good,” Trump stressed. “What I’m acrophobic about, they support talking astir having immoderate reversals … wherever we’re going present could beryllium a precise atrocious place.”

The erstwhile president continued, “We person to get this state going, oregon we’re going to person a superior problem,” elaborating:

Not recession. Recession’s a bully word. We’re going to person a overmuch bigger occupation than recession. We’ll person a depression.

“You know, successful 1929 they had this happening called the Depression, you cognize that right? You wish, they wish, they could person had a recession only,” helium noted.

Meanwhile, the Biden medication is downplaying the severity of the U.S. economical situation. Treasury Secretary Janet Yellen said Sunday connected CNBC: “This is not an system that is successful recession. But we’re successful a play of modulation successful which maturation is slowing and that’s indispensable and appropriate.” She stated:

Recession is broad-based weakness successful the economy. We’re not seeing that now.

Trump is not the lone 1 who has precocious warned astir a slump successful the U.S. Rich Dad Poor Dad writer Robert Kiyosaki has besides warned astir an economical slump successful the country, noting that stock, bond, and existent property markets are crashing. Last week, helium predicted that ostentation whitethorn pb to a Greater Depression.

What bash you deliberation astir the informing by Donald Trump? Let america cognize successful the comments conception below.