Trump Predicts ‘Very Massive Recession’ Is Coming

The United States will soon experience a major economic collapse, Donald Trump warned this week.

According to Newsmax, the Republican White House hopeful told The Washington Post that a “very massive recession” is looming and that “it’s a terrible time right now” to buy stocks. He vowed to wipe out the federal government’s $19 trillion debt “over a period of eight years” if he is elected president.

“I think we’re sitting on an economic bubble,” Trump said, citing an overvalued stock market and the nation’s jobless rate. “First of all, we’re not at 5 percent unemployment,” he told the Post’s Bob Woodward and Robert Costa. “We’re at a number that’s probably into the 20s, if you look at the real number. That was a number that was devised, statistically devised, to make politicians — and in particular presidents — look good. And I wouldn’t be getting the kind of massive crowds that I’m getting if the number was a real number.”

The candidate called for better international trade agreements and advocated a “very big tax cut.” He wants to reduce the corporate tax rate to 15 percent, while prohibiting companies from deferring taxes on income they receive abroad, Newsmax reported.

“It’s precarious times,” Trump said. “Part of the reason it’s precarious is because we are being ripped so badly by other countries. We are being ripped so badly by China. It just never ends. Nobody’s ever going to stop it.”

Photo: Michael Vadon

Tell Us What You Think

More News Stories

The fight against terrorism is becoming a bit more complex as American authorities have arrested almost five dozen people in the United States for...

A Southern California mother says Target’s humiliating disciplinary measures and firing of her son caused him to commit suicide. And now she wants...

Vince Jones, a co-star on History Channel's program Big Rig Bounty Hunters, died in Delaware, Ohio last week. Jones was only 46 years old.

...

A woman was having sex when she was confused after feeling something move inside of her. Ellie Taylor-Davis, 28, from Islington, England shared...

A 13-year-old girl who drove her 11-year-old boyfriend to suicide by playing a 'prank' on him online won't face any charges, say authorities. In...

Latest News Stories

A video of an unusual weather phenomenon in the Golan Heights has been shared over 150,000 times on social media, and some are arguing it shows...

If you're a Trump, or associated with the Trumps, or if you happen to support a Trump, or have even accidentally brushed someone with the name of...

Kansas City, Missouri Police Officer Jeff Colvin formed a bond with a 9-year-old girl when he was working. He could see that Klynn Scales wasn't...

Hillary Clinton “failed to make history and she succeeds at making excuses,” a top adviser to President Trump declared Thursday.

According...

After the distribution of Christian materials, the Western Colorado Atheists and Freethinkers (WCAF) are working with Freedom From Religion...