'Sounds about right': Billionaire Trump backer agrees 'markets will tumble' if he wins
In a post on the social media site X, a user identified only as @FischerKing64 described an economic collapse he said must be endured if Donald Trump becomes president and begins to remake the country.
The post itself was innocuous, despite it being shared to the account's 173,000 followers. What alarmed onlookers was the reaction it got from Trump's biggest financial supporter who is widely seen as a possible central figure in his administration.
"If Trump succeeds in forcing through mass deportations, combined with Elon [Musk] hacking away at the government, firing people and reducing the deficit - there will be an initial severe overreaction in the economy - this economy propped up with debt (generating asset bubbles) and artificially suppressed wages (as a result of illegal immigration)," wrote the X influencer.
"Markets will tumble," he added. "But when the storm passes and everyone realizes we are on sound footing, there will be a rapid recovery to a healthier, sustainable economy. History could be made in the coming two years."
In a reply post to @FischerKing64, X CEO Elon Musk agreed with the statement.
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"Sounds about right," he wrote.
It was a comment that "Off Message" co-host Brian Beutler said deserves greater attention.
"Trump’s top backer, whom Trump has promised to hand this very remit, acknowledges the plan is to crash the economy and markets so they can rebuild society in MAGA’s image. I don’t think most Trump voters were in on that plan!" said Beutler.
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