Trump shares fan’s post arguing he is crashing the stock market ‘on purpose’ Truth Social Trump sh

[human1234]

Trump shares fan’s post arguing he is crashing the stock market ‘on purpose’

 

 

Truth Social

Trump shared a social media video that defends his recent policy decisions by arguing he is deliberately crashing the stock market as a strategic play to force lower interest and mortgage rates.

“Trump is crashing the stock market by 20% this month, but he’s doing it on purpose,” alleged the video, which Trump posted on his Truth Social account.

The president shared a link to an X post from the account @AmericaPapaBear — a self-described “Trumper to the end.” The X post itself appears to be a re-post of a weeks-old TikTok video from user @wnnsa11.

“Now here’s the secret game he’s playing, and it could make you rich,” the video 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 says.

“It also weakens the dollar and drops mortgage rates,” the video says. “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.”

“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,” it says.

The White House did not immediately respond to CNBC’s request for comment.

— Kevin Breuninger