Only I can fix it · 2024 campaign · № 38
A 1929-style depression if he did not win
“I think if I don't win, we're going to have a depression like 1929.”
- Said
- , Interview at Mar-a-Lago, Palm Beach
- Subject
- a 1929-style depression
- Topic
- Economy & prices
- Era
- 2024 campaign
What happened
He repeated the warning through 2024, posting on Truth Social about "a 1929-style depression" and "THE KAMALA CRASH & GREAT DEPRESSION OF 2024," and attributing the 1929 prediction to Scott Bessent at a Wilkes-Barre rally. He won. As of January 2026 annual inflation was 2.7%, the White House cited 4.4% Q3 2025 GDP growth, and a Senate analysis put tariff-driven 2025 household costs at $2,120. By September 2026 the Fed had raised rates for the first time since 2023 and the debt was growing by more than $2 trillion in the year, with interest costs of about $1.2 trillion.