Former United States President Donald Trump said that cumulative inflation was at 20% since US President Joe Biden came into office, with the dollar losing 20% of its value over the same timeframe.
The country is "probably heading into a Great Depression," Trump told the crowd at a rally in Rapid City, South Dakota, where he received endorsement from state's Governor Kristi Noem.
"Economic arsonist" Biden has "blown through $11.5 trillion in wasteful spending" and the "budget deficit is exploding," according to Trump, who vowed to not let an economic downturn happen.
