BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
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
Share on XShare in TelegramShare on Reddit

• 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
TweetShareShare
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.

DON'T MISS THESE! HOT OFF THE PRESS

Bitcoin Volatility Returns After Inflation Shock – Here Is Why Crypto Traders Are Nervous
BITCOIN

Bitcoin Volatility Returns After Inflation Shock – Here Is Why Crypto Traders Are Nervous

May 15, 2026
Tezos Just Called Out Crypto’s Quantum Denial Problem — and Bitcoin Should Pay Attention
BITCOIN

Tezos Just Called Out Crypto’s Quantum Denial Problem — and Bitcoin Should Pay Attention

May 15, 2026
CME and NYSE Push for Crypto Oversight – Here Is Why Hyperliquid Is Under Pressure
CRYPTO

CME and NYSE Push for Crypto Oversight – Here Is Why Hyperliquid Is Under Pressure

May 15, 2026
CZ Didn’t See Any of This Coming — And That’s the Most Bullish Thing He’s Ever Said
BINANCE BNB

CZ Didn’t See Any of This Coming — And That’s the Most Bullish Thing He’s Ever Said

May 15, 2026
Bitcoin Struggles Below $82K – Here Is Why Traders Fear Another Crypto Downtrend
BITCOIN

Bitcoin Struggles Below $82K – Here Is Why Traders Fear Another Crypto Downtrend

May 15, 2026
Trump’s War Dip Shopping Spree Just Turned Into a Multi-Million Dollar Masterclass
BITCOIN

Trump’s War Dip Shopping Spree Just Turned Into a Multi-Million Dollar Masterclass

May 15, 2026
Load More

Related News

Bitcoin Volatility Returns After Inflation Shock – Here Is Why Crypto Traders Are Nervous

Bitcoin Volatility Returns After Inflation Shock – Here Is Why Crypto Traders Are Nervous

May 15, 2026
Tezos Just Called Out Crypto’s Quantum Denial Problem — and Bitcoin Should Pay Attention

Tezos Just Called Out Crypto’s Quantum Denial Problem — and Bitcoin Should Pay Attention

May 15, 2026
Dapper Labs Pulls the Plug on NFL All Day New Drops — And Collectors Are Furious

Dapper Labs Pulls the Plug on NFL All Day New Drops — And Collectors Are Furious

May 15, 2026
CME and NYSE Push for Crypto Oversight – Here Is Why Hyperliquid Is Under Pressure

CME and NYSE Push for Crypto Oversight – Here Is Why Hyperliquid Is Under Pressure

May 15, 2026
The Bored Ape Yacht Club Just Opened Its Own Store — And the Grails Are Already Moving

The Bored Ape Yacht Club Just Opened Its Own Store — And the Grails Are Already Moving

May 15, 2026
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews