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Updated: 22:36 25/09/21

Donald Trump warns America to prepare for financial ruin

By Duncan Richardson, News Editor

02 Jun 2015

The U.S. economy is teetering on the edge of collapse and could soon become an economic basket case like Spain or Greece.

That’s the opinion of multi billionaire Donald Trump, who believes the U.S. is headed down hill quickly. According to Trump the U.S. is no longer a rich country and forecasts that U.S. government debt will soon reach $20 trillion. Trump argued the countries mountain of debt will eventually cause the countries sovereign debt to be downgraded.

Trump does not believe the government unemployment figures and estimates the real unemployment rate to be closer to 15-16%. In an interview aired on Fox News the billionaire warned that Americans need to a wake-up and accept the economic reality.

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