Kirk explained the stock markets are "reacting directly to Kamala Harris" being pinned as the projected winner of the election in the betting markets.
He reminded his audience that despite Harris' advertisements portraying her as an "outsider trying to become president," she is currently VP under the Biden administration with a president who has disappeared from the public eye. "She is in charge," Kirk stated, adding, "This is the beginning of a market correction which only could be called the Kamala crash."
"We have been saying this for the last two years, for anyone that will listen, that this economy is built on a sugar high, just like Kamala Harris of cheap money, of cheap liquidity that has been infused into the system to artificially try and boost demand," he said, exemplifying how the Biden administration has downplayed inflation and exaggerated employment reports. The tech industry, specifically has been "crashing." While historically, the US would "borrow [its] way out of a global financial crisis," the country has already been drowning in national debt.
"This is all a byproduct of Kamala Harris mismanaging the economy to the brink of total disaster. If we are to give Kamala Harris four more years of this, we will enter an economic nightmare, in economic nuclear catastrophe. This is nature warning you," Kirk said, adding that Japan, whose markets crashed 12 percent yesterday, is a "warning sign for America.
