Trump's Prediction: Massive Stock Market Crash and a Looming Great Depression if 2024 Election is Lost

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  • Source: Wayne Dupree
  • 12/30/2023
According to former President Donald Trump, there is a prediction that if he is not successful in winning the 2024 presidential election, the United States will experience a significant stock market crash, which would surpass any previous crashes in history. Additionally, he suggests that this crash would be followed by an event reminiscent of the Great Depression.

In a recent social media post, President Trump expressed his opinion on the state of the economy under President Joe Biden. According to Trump, the economy is in a "terrible" condition due to the impact of high inflation. This inflation has negatively affected American households by eroding their purchasing power.

According to the former president, the current state of the economy is sustained solely by the remnants of the achievements made during the Trump administration. He further asserts that, based on certain metrics, the overall inflation rate has surpassed 30 percent since his departure from office.

According to the Bureau of Labor Statistics (BLS), there has been an increase of approximately 17 percent in prices since President Biden assumed office, as per official government data. An alternative measure of inflation, employing the same methodology utilized by the government in the 1980s, indicates a significantly higher rate compared to the official figure. This alternative measure suggests that inflation is approximately double the reported rate, amounting to over 30 percent.

Despite the assertions made by President Biden's economic advisers regarding the positive outcomes of his "Bidenomics" policies, various economic indicators have emerged, indicating a different perspective. These indicators challenge the notion of cooling inflation and a thriving job market, prompting a critical assessment of the effectiveness of these policies.

Several indicators point to a decline in the economic situation. For instance, job openings have reached their lowest level since March 2021. Additionally, there has been a significant drop in new orders for goods made in the United States, marking the sharpest decline in over three years. Furthermore, a closely monitored gauge of factory activity reveals that U.S. manufacturing activity has contracted for the 13th consecutive month in November. These indicators collectively suggest a negative trend in the economy.

According to a recent survey, President Joe Biden's approval rating has reached its lowest point to date. Voters have expressed dissatisfaction with the president's handling of immigration and the economy, resulting in particularly negative ratings in these areas.

According to the most recent Monmouth University Poll, only 34 percent of voters approve of President Biden's performance. This figure represents a significant decline from the 54 percent approval rating he received shortly after assuming office in 2021. In fact, this current approval rating is the lowest recorded in the history of the survey.
In the realm of immigration and inflation, a significant majority, specifically over two-thirds, express their disapproval towards his performance.

Despite experiencing a decline from its peak of 9.1 percent in June 2022, inflation remains a concern for American families due to several months of sustained high prices.

According to a recent estimation by the Heritage Foundation, the typical American family is experiencing a significant financial setback due to inflation, resulting in a loss of approximately $7,400 in annual income. The official government data indicates that inflation has increased by 17 percent since President Biden assumed office. However, economist John Williams has developed an alternative measure that suggests inflation may be approximately twice as high as the official estimate.
Since President Biden assumed office, there has been a notable increase in the number of encounters with illegal immigrants across the United States. Specifically, approximately 8 million such encounters have been reported. Notably, within the fiscal year of 2023, a record-breaking 3.2 million encounters were documented.

According to the monthly report from U.S. Customs and Border Protection (CBP), the southern border witnessed a significant increase in encounters, reaching a record-breaking 242,418 in November. This marks the busiest November ever recorded by CBP. The figure surpasses the highest monthly record observed during President Trump's tenure.

Preliminary data obtained by Fox News on December 29th suggests that December is poised to break the record for the highest number of illegal alien encounters in a single month. The data reveals that there have been over 276,000 apprehensions so far, excluding the final three days of the month. This information highlights the significant increase in illegal border crossings during this period. In September, a new record of 269,735 was achieved.

According to the Monmouth poll, only 30% of Americans believe that President Biden is adequately addressing the issues that are of utmost importance to them.


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