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What is the economy going to be like in 2025 under the Trump administration?
Hello, this is Bob Barney with The Plain Truth Today, talking about the economy, gold, your IRA and your 401k in 2025.
What is the stock market going to do?
In general, what is business going to be like? I think most people, including myself think that under the Trump administration, we’re going to see a revival of the American economy, American manufacturing and witness an American boom.
At the same time though, we do have some problems that could be exacerbated by Republicans in the House who may go against a lot of the things that Donald Trump wants to do. I explained earlier this week that the other problem we have is this mounting deficit that somehow has to be gotten under control.
I had a show this week where I was saying that the deficit is not the greatest concern right now with the new Donald Trump administration. He’s does have to get a hold of it, I agree, but he’s going to need a year or two and possibly needs to increase the debt in order to be able to get the economy booming again. This would be where we would see a tax base of new businesses and new employees, even with a reduced tax structure actually bring a lot more money into the government coffers than we have today.
On top of this, if Elon Musk and those working closely with him can really find waste and abuse in government, then we are going to maybe save even more money there. However, it’s going to be a while before we get this deficit in hand…and if we think we’re going to nail this shot in just two to three years, it’s not going to happen.
Companies, as I pointed out in an earlier episode, companies stay in debt all the time and they can still be very prosperous and they do well…as long as you manage your debt properly, you can have debt. At the same time though you have to stop stupid spending/ When it comes to the government what they do is just waste money…and they just waste our money while spend it on nonsense.
We can knock that out, I agree however at the same time, unless we get this economy on its legs again, we’re just talking to ourselves. We’re not going to be able to do anything to lower the deficit or get the economy moving. I do think though that Donald Trump will get the economy moving. I do think he’s going to have trouble with certain Republicans in the House, maybe a few in the Senate but for the most part, most Americans want to see something move with this economy.
Now, the next question is, what’s going to happen with Bitcoin?
What’s going to happen with gold and silver, the price of oil?
What’s going to happen with the stock market?
That is very important to the average person out there because if you’re the average middle class person, you’re not making a lot of money on your investments…you are making a lot of money by going to work every day and sweat and toil and do whatever you have to do to earn a good living for you and your family.
That’s where the majority of your income comes from.
Now, if you’re retired, a lot of your income comes from your Social Security check and from your 401k or IRA and your investments. It’s a little bit more of an important issue for those who are on a fixed income than it is for a working person who has the majority of what they’re earning coming from their work and not from their investments. At the same time, I think if you are in the stock market and if you are in Bitcoin as well as gold and silver, you have to start really paying attention for what could be a downturn. I personally believe if the economy booms under Donald Trump, gold may actually fall in value. I would be remis to say that gold really did go up like 35 or 40 percent in value in the Trump years when the economy was booming.
I don’t know what really the best predictor is of what’s going to happen but to suggest that you have to watch how things are showing up every day. I actually loaded an app called Robinhood, which is free, and you can buy stocks or buy Bitcoin there. You can even buy gold futures or silver futures. I’m not suggesting you should do that at all. I’m just saying it’s still a good app to monitor if you have stocks and if you have gold or certain other commodities. Well, you can look at it every day. You can set up some parameters and just tell it what you actually own, with zero pressure to have to buy anything from them. You don’t have to pay anything, but it’ll keep a running track of your stocks and of your gold or your silver or your whatever commodities like Bitcoin and stuff like that.
I think 2025 is going to be a year that you need to really watch your investments.
You also have to be careful that these investments could go sour very fast.
I think the stock market is probably way overvalued and possibly with a Trump pro-business strategy, it’s not going to come to a crash and halt right now however, I would be worried because too many experts, there’s a lot of people who know Wall Street better than I do. They’re all over the TV and they’re all over the news warning people that they think there is a big bubble coming in the stock market and it could come as early as 2026, possibly even as soon for us as 2025.
With all of that said I would encourage you to go to theplaintruth.com every single day and see what’s going on in the world as you also check on your investments with a readiness to act on getting out of them. Sometimes it’s best just to take your cash and run and get out of certain investments.
Bitcoin, for example, a lot of people have made a ton of money in the last 16 months on Bitcoin. I mean, it was up to $60,000 about three years ago, two years ago, and then it crashed to about $12,000. People who got out of it on the way down lost a ton of money when they bought it at $50,000, $60,000. Then it went down, I think all the way down to like $12,000 but now it’s back up to nearly $100,000. It’s actually even broke $100,000 a few times. I will tell you right now, people who bought it in the $12,000, $15,000 or $20,000 range sitting at $100,000 now, and they bought five or 10 shares or Bitcoins, you should say, have done quite well financially. I would even suggest that they keep a daily watch on what’s going on with Bitcoin. It’s the most volatile, and I do not recommend it for the novice or the faint of heart to ever get involved with any cryptocurrency, Bitcoin or any other one.
If you have $1,000 to spend and that’s all you have to spend and you really want to get into crypto, I suggest you get into Dogecoin…it is like 40 cents a share. I actually bought it one time about four years ago, five years ago now, at three cents a share and sold it. I bought, I think it was $2,500 and sold it when it was 13 cents…almost three and a half times to my money. It paid for an entire project we were doing in our company to move into Florida. It paid a lot of expenses for about a span of four months…and I got out of it. And now it’s up to 40 cents. If I didn’t get out of it, I would have made, what, 10 times, 15 times my initial investment. So, you know, $2,500 would have brought back $25,000, $30,000 right now. You can make a lot of money in a cryptocurrency. My suggestion though is that you stay out of it. If you really want to and have some, a little bit of money to spend and you’re young and you really want to buy some crypto, Dogecoin is the way to go because it’s so cheap to buy. Then the most you’re going to lose is a thousand dollars and the most you could gain maybe is five to 10 or $15,000 in the long haul.
I would not be buying Bitcoin at $98,000 a coin right now.
If you are, if you have it, you might want to keep it for a while because it is possible under Donald Trump with his pro Bitcoin stand and with his crypto stand in general and with him trying to make America the crypto capital of the world. It is possible. And there are experts. I know you have to be careful when you’re listening to economic experts because most of them are novices who claim to be experts. There are people who think Bitcoin is going to top out at $500,000 to $800,000 in the next two years. I don’t think I’m one of those kinds of people. I’ll tell you right now, if you had a few Bitcoins that you owned and you bought them at, let’s say $30,000, and now it’s at $100,000, I wouldn’t be selling it right now. I would be waiting. But if it fell down to $70,000 and I still doubled my money at $70,000, I would get rid of it. The reason why is because when Bitcoin crashes, as we saw three years ago, it really crashes…it goes all the way almost to nothing. Remember one thing about Bitcoin, it’s a worthless currency. You can’t buy anything with it really. There are a few people that say they take Bitcoin, but you really don’t buy anything with it. It’s just a place to hide your stash other than a bank account that don’t pay you any interest.
That’s all it really is. Bitcoin is for the strong, the rich, and the wealthy who can afford to lose a lot of money in one shot.
If you don’t have the knowledge and the money to lose, stay out of the Bitcoin world. I do believe that Bitcoin could possibly be the big money mover and gainer for those who have the money to invest. I think they could end up making a lot more money in the first few years under Trump. I do believe it’s possible that in the long haul, Bitcoin will bottom out and go away, and a lot of people are going to lose a lot of money. There’s a lot of this stuff that’s always happened in the history of the economic capitalism of the world. People run into things, fads, and they buy up, they buy everything out of it, and then all of a sudden, it’s gone, and their income’s gone, their money’s gone, and they jump off a building in New York City somewhere on Broad Street. That’s happened in the past, it happened in the Great Depression, and it’ll happen again. If Wall Street does crash and many people, like I said, many top economic people that I’ve been listening to, think that we are in a bubble and it could go down 20%, 30%, even 40% in value, and that would destroy many retired senior citizens who are living off their 401ks and their IRAs, along with their Social Security check.
I read somewhere that the average 401k has about $350,000 in it for a retired person, and they look at it with their Social Security and their Medicare basically taken care of, that that $350,000 can give them 20 or 25 years before they exhaust it, and so they can live upon retirement 20 years off of their 401k along with their Social Security and maybe have a part time job. A lot of them want to have a part time job, and I agree with that, by the way, because retiring early could also be an early death sentence, because people tend not to take care of themselves, become couch potatoes, sit around the house, do nothing, get fat, lazy, and all of a sudden their health fails. Working is a good thing to do. If the stock market was to go down 30%, 40%, and people had $350,000, and now all of a sudden that $350,000 is $120,000 or $160,000, then there’s going to be some bad times for a lot of older people in America, and it’s going to really affect elections if that happens as well. One can only hope, and I’m saying take a cautious approach. I expect this economy to do well under Trump. I do expect there’s going to be hiccups along the way. I think some of these hiccups are going to come from the Republicans in Congress, who just simply are naysayers to everything that anybody wants to do. They are always acting like they are out of power, and they don’t know how to lead when they’re in power. That is going to cause some trouble along the way. I think Trump can negotiate that. I think he can bully those kinds of people, and threaten them with primaries…and getting them out of office.
After all, that’s all congressmen really want to do.
They want to just stay in office and milk the system as long as they possibly can. I don’t care if they’re conservative, libertarian, or Democrat, or liberal. They’re in there for the same reason which is for themselves, their egos, and their power. All that they think they can derive from it. But I would think there’s going to be a hiccup or two along the way. But I think it is very possible to be optimistic about 2025, 2026, and hopefully if we keep the House of Representatives, that’s the Republicans that is, of course, in 2026, then I do believe there will be a booming 2027, 2028.
The one problem that everybody is overlooking in the media, I know my brother talks about this a lot when we talk on Sundays, is that once Donald Trump takes office on January 20th, you know what he becomes? He becomes a lame duck president. He can never run again. That means that a lot of people in politics, who are in power, kind of don’t do anything to help a lame duck president because they know that that can’t hurt them or help them to help a lame duck president. Many presidents that have been great in their last session, their second term, ends up being more of a failure than anybody ever thought they would be because once you become a lame duck, you can’t run again, you can’t do things, and you’re just not, you’re out of the system. You’re out of the deep state and they’re looking beyond you. That’s going to be the case with Donald Trump. Now Donald Trump’s the kind of a guy that is hard to look beyond him because he doesn’t allow you to do that…hopefully that will be the case there.
There is one last thing I wanted to get into about this economy, and then I’m going to change the subject a little bit and talk about workforce and labor force and things like that in the 2025 season. I do want to say that I think that it is also possible that we are going to see a big tick in unemployment in 2025 if a lot of government workers are put out of a job because they’re not needed. I always got a laugh out of the term unessential employees of the government don’t have to show up on snow days. What makes an employee an unessential employee to me should be an unemployed employee. If you’re not essential to the government, then you shouldn’t even have a job and should not be getting money from the government. If there is a lot of downsizing of our federal government, and then maybe a lot of state governments will do the same thing when they see it working, then there’s going to be a lot of people hitting the unemployment lines.
Unemployment could really tick up and the lamestream leftist news is just going to be all over Donald Trump about causing all of this unemployment.
Then you’re going to see stories every night on the news about all these poor people in the streets that are there now, but you don’t know about it because they don’t want to cover it. It’s going to be all blamed-on Donald Trump and his policies. Just be aware of that as it could be people listening to this show who are going to be part of that unemployment.
The other thing is there’s probably going to be a great drive for American workers who want to work. I saw this because if a lot of the illegal aliens are in fact sent home and a lot of them no longer show up because the borders actually close, there’s going to be a lot of opportunities for lower class Americans. This will be the case especially to find jobs that were taken by the illegal aliens who were working for a lot less money. So again, the type of business you’re in and the type of job you have is going to make a big difference in 2025 under Trump as to whether it’s going to be good for you or if it’s going to be tougher for you. I think for the most part, America is going to shine under the Donald Trump. I think we’re going to shine worldwide. I think countries are going to take us serious again.
I think countries are going to realize we’re not going to tolerate what the Joe Biden administration allowed people to do to us, so I think that’s going to make a big difference in the world. It made a big difference in the past when we had strong presidents, not just Trump, but with Ronald Reagan, Eisenhower, Nixon, FDR, and Teddy Roosevelt. These were strong presidents dealing with international relations and they got their way more than they didn’t. This is what we need, and I think we will get, under Donald Trump.
Well, changing gears to another topic for what’s ahead in 2025.
I’m going to take time here to talk about the PlainTruth.com, The Plain Truth Today dot com, which this broadcast is published from, our Message Board, and Our Your Health Today portion of the site. I just want to say that I think this site is one of the most important places you can go every single day to see what’s happening and why it’s happening. The reason why is because we try to explain why it’s happening and what you can expect will happen in your future so that you can plan better. God is in control of the news. This is not God’s world, and we say that this is Satan’s world because the Bible says so. Those who are not aware of God’s influence are really pawns of Satan in a world that is controlled by Satan. But if you understand God, you understand the Bible that God has given us to read and many people died so you can read it. As a matter of fact, this weekend, I do hope you on the Sabbath day, which is Saturday, listen to both the morning and the evening story show that usually Saturday evenings, we have a movie or a short story or an audio short story or something like that. We’re going to have the movie about William Tyndale, who was executed and burned at the stake for giving us the English Bible that we have today, known as the King James Version of the Bible. And then it’s just important to know that the Bible, which you take for granted that’s in every hotel room in America, cost a lot of people their lives and their blood. And we should always remember that because that Bible is the key where you’re going to find out what God’s got planned for this world and for you if you’re a part of it.
So you can plan your future and the future of your family by knowing what God is doing. And he gives a lot of clues of what’s going to happen in the Bible. And he also, you can read what happened in the past. God is a great historian. And whatever is that Bible talks about that happened in the past, did happen in the past. It’s not a bunch of fairy tales.
Noah’s Ark existed. Adam and Eve existed. As a matter of fact, again this week, I just want to say this, again this week, the Daily Mail ran a story about how scientists now through DNA can prove that it was the human race came from one common ancestor…and so did every other species tested so far. So theplaintruth.com is the place to go every day.
And now let’s finish this show. I want to talk about other things that we can look forward to in 2025. Let’s talk about world events.
What’s going to happen with China? What’s going to happen with Russia and Ukraine? What’s going to happen in the Middle East? What’s going to happen with Iran and Israel facing Hamas and Hezbollah? What’s going to happen with places that we don’t think about much, like South America? There’s a lot going on in Brazil. There’s a lot going on in Central America and the Panama Canal. What Donald Trump is trying to do in that regard is about getting the Chinese influence out of the Panama Canal. What’s going to happen with Greenland? Are we going to try to buy Greenland? Is it going to happen? Thomas Jefferson, a man who didn’t want to have any debt and didn’t believe in government debt, ended up being the most indebted president in American history probably when he bought the Louisiana Purchase at three cents an acre.
Many Americans, I won’t say most Americans, but many Americans at the time thought he was absolutely crazy to buy all his land for all his money and go so far into debt for something that was never going to pay itself off. Well, it turned out if we didn’t have the middle part of this country, which came with the Louisiana Purchase, we wouldn’t have the bread belt in America today that feeds not only us but the whole world. It turned out that that was the best debt that man ever got the country into. I do think that Donald Trump is going to try to position America to take territory like Greenland or at least have deals where we have bases there for our own protection. I do think we’re going to see a lot of foreign companies move to America with production in order to not have tariffs, in order to please this president. It’s going to be an absolute economic boom for many, many Americans who are going to get these well-paying jobs. A lot of these jobs are going to be well-paying jobs. Something else I believe we can expect to see in 2025 is related to the expression, ‘drill, baby, drill’. America is going to be back in the oil and the natural gas business again, even the coal business, and it’s going to put a lot of people to work.
We’re talking about high paying jobs. We’re talking about jobs that pay much better than most jobs that people have in America today in the service industry. And America has become a service industry economy, and that is not a strong economy. So if we see a lot of drilling, we see a lot of fuel production, we see a lot of refinery production, and maybe some nuclear power plants going up, because we need a lot of nuclear power plants. We’re talking about a lot of good jobs. But the other thing we’re talking about is oil going back under $50, $40, $30 a barrel, real inflation. I had a show about this. I’ve had two shows about this I can think of in the last year and each time it’s the same message.
I’m going to give you this message real quick right now. Inflation really right now doesn’t have to do with the debt, the national debt or anything like it.
Inflation under Joe Biden came because of one thing.
Oil prices tripled and then doubled.
Everything is driven by the price of oil.
Oil is the bloodstream of the world’s economy. Blood goes through you and animals and keeps all of us alive. The Bible says that. And the blood is life. Well, in the world economy, the blood is oil. It’s not the windmills. It’s not even coal. It’s oil. Oil is the driver. You get oil back down in that $25, $35 a barrel price range, you’re going to see gas back to $1.89 a gallon. You’re going to see people travel. You’re going to see shipping costs go down and when shipping costs go down, your food bill is going to go down. Your grocery bill, your food bill is going to go down. Your gasoline prices are going to go down and every good and service you buy is going to go down. It’s going to be a de facto deflation if we get a lot of drilling going, a lot of oil production. So be aware that 2025, you really want to watch. And I think the plain truth is a good place to go. I’m going to keep plugging this, that we’re going to keep you informed about what you should be worried about. But I think you’re going to do quite well if you’re a working American in 2025 and 2026 with Donald Trump’s economy, because I think we’re going to see a lot of good jobs. I think we’re going to see a lot lower inflation. I think we’re going to see a de facto deflation. And I think senior citizens will see their money go further. Younger people will see opportunities.
People with these large college debts may not have them forgiven as Biden wanted to illegally forgive but the flip side is that you will see they can pay them off now. This will be the case when they can get $100,000 and $150,000 a year jobs instead of being hamburger flippers at McDonald’s, which most of them are today.
In conclusion, I do think we have some good times coming and hopefully the Republicans in the House don’t mess it up on us.
This is Bob Barney for the Plain Truth today saying thank you for listening. We do appreciate you and every day we invite you to tune in for one of our three broadcasts. We usually have one at 7-11 in the morning, one at noontime and then again at 7-11 p.m. We have everybody from Bill O’Reilly to Megyn Kelly to Mark Halperin, a lot of different people, a lot of different times. It’s just not me in the broadcasts….so if you’re bored listening to me, there’s a lot of other good programming to listen to. But we do appreciate those who follow and listen to us every day, read our stories on theplaintruth.com, support us on the Message Board and give your ideas and your messages and try to engage in what’s going on, as well as those who go to Your Health Today to try to help their health and their family’s health.
We appreciate all the people that talk about it and tell people about it. We just hope that we can do as good as we can do with you. And we appreciate you. This is Bob Barney saying thank you for listening. We’ll be back tomorrow for the Friday wrap-up. Have a good day.