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Trump raises eyebrows by sharing video claiming he's 'purposely CRASHING the market'
(Photo by Jabin Botsford/The Washington Post via Getty Images

Trump raises eyebrows by sharing video claiming he's 'purposely CRASHING the market'

Jason Miller, one of Trump's top advisers, implored Americans to watch the video.

President Donald Trump raised eyebrows Friday by sharing a video on Truth Social that claims he purposefully crashed the stock market to "push cash into treasuries." Trump's timing was especially provocative because his rollout of tariffs the previous day resulted in a multi-trillion dollar market wipeout.

Trump shared a video by a supporter that was posted to X Thursday evening with the caption, "Trump is playing chess while everyone else is playing checkers."

The video — which appropriates narration from a March 13 Instagram post by finance influencer Brian Decker — first appeared on a TikTok page that previously accused Hollywood elites of eating mermaids.

In an apparent validation of the video and Decker's core theory, senior Trump adviser Jason Miller noted, "Genius! You have to watch this video!"

In the video, a seemingly computer-generated voice states: "Trump is crashing the stock market by 20% this month, but he's doing it on purpose, and this is why Warren Buffet just said Trump is making the best economic moves he's seen in over 50 years."

There appears to be no evidence of Warren Buffett publicly making such an assertion in recent weeks.

'He's taking from the rich short-term and handing it to the middle class through lower prices.'

On the contrary, in a CBS News interview that aired nearly two weeks before the TikTok video was published, Buffett told talking head Norah O'Donnell, "Tariffs are actually — we've had a lot of experience with them — they’re an act of war, to some degree."

When asked whether tariffs might lead to higher inflation, Buffett said, "Over time, they are a tax on goods. I mean, the Tooth Fairy doesn't pay 'em!"

According to the TikTok video, Trump intentionally crashed the stock market in order to "push cash into treasuries, which forces the [Federal Reserve] 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."

The narrator notes further that Trump's tariffs amount to a "genius play," forcing "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. We've already seen this with eggs."

The video shared by the Republican president concludes by asserting he is effectively engaged in a wealth redistribution scheme: "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."

Blaze News reached out to the White House for comment but did not immediately receive a response.

'It's definitely not some sort of fringe conspiracy theory.'

There has been speculation in recent days and weeks that Trump has, as Decker hypothesized, been pushing for a crash or at the very least significant market chaos.

Charlie McElligott, a strategist at Nomura, told clients in early March that Trump and his administration needed an engineered recession to trigger a growth slowdown and disflation that would result in Fed rate cuts and a weaker dollar, reported MarketWatch.

"It's definitely not some sort of fringe conspiracy theory," Ben McMillan, CIO at IDX Advisors, told Business Insider earlier in the week. "I think it's a coin flip as to whether or not it's the intention, but there have been some data points that suggest it's a non-trivial possibility in my mind."

Among the "data points" McMillan reportedly had in mind was Trump's suggestion at Davos that he'll demand interest rates fall and the president's unconventional approaches to tackling the debt problem, such as gold card residency permits.

Trump just happened to state in a Truth Social post Friday morning, "This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates."

While Forbes took issue with various falsehoods in the TikTok video, it noted that "to that theory's credit," yields for U.S. Treasury notes collapsed this week — which will likely mean cheaper borrowing. However, Forbes noted that lower Treasury yields can alternatively be achieved without tanking the markets, namely "by restoring fixed income investors' confidence in the federal government’s fiscal health through more austere spending."

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Joseph MacKinnon

Joseph MacKinnon

Joseph MacKinnon is a staff writer for Blaze News.
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