President Donald Trump shared a TikTok that claimed he is crashing the market on purpose.
Trump Shares Video Claiming He's Crashing Stock Market on Purpose
www.newsweek.com
... The video, which originally comes from TikTok user @wnnsa11, was posted to X on Thursday evening by pro-Trump account "AmericanPapaBear," and claimed that Trump is playing a "secret game" which could "make you rich."[emphasis mine]
The video's voiceover says: "So why is he doing this? 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."
The video continues: "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.
Now remember, 94 percent of all stocks are owned by only 8 percent of Americans, so Trump he's taking from the rich short term and handing it to the middle class through lower prices." ...
More on the topic:
Trump Shares Video About How He Is Purposely Crashing the Stock Marketwww.rollingstone.com
Several close allies of the president and ex-officials told Rolling Stone they were "at a loss for words" when asked about the video
Speaking to Rolling Stone, several close Trump allies and administration officials, who often defend Trump's most fanatical actions, outbursts, or policies, did not or would not even bother defending the wisdom of a president promoting to the world the idea that he is tanking the stock market deliberately.
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