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Home BUSINESS

Donald Trump States the US is on the Brink of the 1929-Like Recession

Michael Juanico by Michael Juanico
August 8, 2024
in BUSINESS, FINANCE
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• Trump warned of an economic depression akin to the Great Depression of the 1920s and the potential for World War III
• He claimed the U.S. is in the most dangerous position it has ever been in economically and safety-wise
• Trump announced plans for three unconfirmed debates with Kamala Harris on NBC, ABC, and Fox News

Former President Donald Trump held a press conference at his Mar-a-Lago estate on Tuesday, where he made alarming predictions about the state of the country and the world.

BREAKING: 🇺🇸 Donald Trump says the United States is close to a 1929-like depression and World War pic.twitter.com/mXSFZuakL8

— BlockNews.com (@blocknewsdotcom) August 8, 2024

Opening Remarks

Trump began the press conference by declaring that the United States is currently in the most dangerous position in its history, both economically and from a safety standpoint.

He criticized the current leadership, stating “We don’t know what we’re doing. We have leadership that has no clue.”

Predictions of War and Depression

Trump then predicted that the country could soon face an economic depression similar to the Great Depression of the 1920s.

Additionally, he warned that the world is “very close to World War III,” claiming that other powerful countries are laughing at President Joe Biden and Vice President Kamala Harris.

Proposed Debates Against Harris

After making his dire warnings, Trump announced plans to debate Vice President Harris on the major television networks. He stated there would be three debates – on NBC, ABC and Fox News.

Trump had previously agreed to debate Biden in September. However, with Biden no longer running, Trump now wants the matchup switched to Harris on Fox News rather than ABC.

Conclusion

In the opening remarks of his latest press conference, former President Trump made alarming predictions about the possibility of economic collapse and global warfare. He also proposed three televised debates against Vice President Kamala Harris in the coming months.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: ABCDonald TrumpFox NewsJoe BidenKamala Harris
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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