On social media today, “President” Donald Trump shared a TikTok video that claims he’s trying to crash the stock market as a way of slashing interest rates and defeating inflation in the United States.
The video, which was shared on Trump’s Truth Social platform, featured a narrator who says, “Trump is crashing the stock market by 20 percent this month, but he’s doing it on purpose. And this is why Warren Buffett just said Trump is making the best economic moves he’s seen in over 50 years. Now, here’s the secret game he is playing, and it could make you rich. So why is he doing this?”
The narrator adds, “To push cash into treasuries, which forces the Fed to slash interest rates in May and those lower rates give the Fed the ability to refinance trillions of debt very inexpensively.”
“It also weakens the dollar and drops mortgage rates. Now it’s a wild chess move, but it’s working. Now you’re probably wondering, what about his tariffs? Well, I’ll tell you, it’s a genius play. It actually forces companies to build here to dodge them. It also forces farmers to sell more of their products here in the U.S. to bring grocery prices way down. We’ve already seen this with eggs. Now remember, 94% of all stocks are owned only by 8% of Americans. So Trump, he’s taking from the rich short term and handing it to the middle class through lower prices,” the narrator concludes.
If Trump is indeed trying to crash the Dow Jones, he’s doing a hell of a job.
On Thursday, the Dow Jones fell 1,679 points, or 4% of its total value while the NASDAQ was down a staggering 6% for the day.
The financial bloodbath is continuing today, with the Dow dropping more than 1,500 points in heavy trading.
Would Trump deliberately tank the stock market for his own purposes?
Trump’s impostion of heavy tariffs on imports is already drawing retlaliatory tariffs from nations such as China, which imposed 34% tariffs on all American goods in response to the the president’s actions on trade.
Whatever is happening, investors are losing trillions, and many people’s retirement accounts are taking a shellacking. Meanwhile, Donald is headed off to golf for the weekend while the rest of us watch the markets tumble.
