Former President Donald Trump, while addressing a crowd in Portsmouth, New Hampshire, stirred confusion with his latest discourse on a seemingly unfamiliar topic, "de-banking," raising eyebrows about his mental clarity. The speech, delivered on Wednesday night, left many attendees and online commentators perplexed and concerned.
This address followed Trump's notable victory in the Iowa Caucus on Monday, January 15, where he garnered 51% of the GOP votes, overshadowing rivals like Florida Governor Ron DeSantis, former South Carolina Governor Nikki Haley, and businessman Vivek Ramaswamy.
"We did so well, and I think we're going to have the same result here," Trump confidently told his New Hampshire followers.
Trump's Confusing Rant
However, his speech soon veered into a convoluted rant about banks, regulators, and political beliefs, leaving many to question the coherence of his arguments.
"They wanna de-bank you, and we're going to de-bank," he declared, without clear explanation. Trump's remarks extended to a critique of all-electric cars and a claim of gaining support from autoworkers, further muddling his message.
The term "de-banking" typically refers to financial institutions withdrawing services from clients due to legal or political risks. Critics, however, are skeptical that Trump was accurately addressing this concept. His comments came amid recent controversies, such as JPMorgan Chase's closure of an account linked to a conservative group, citing a need for more information about its donors.
The bank also briefly withdrew from a deal connected to a fundraiser featuring Donald Trump Jr., though this decision was later reversed. A video of Trump's rally, posted on the social media platform X (formerly known as Twitter), has sparked a flurry of reactions.
Users expressed concerns over Trump's physical and cognitive well-being, with one user questioning his understanding of presidential powers and another noting his apparent decline. In the background of these developments, Trump faces a trial in New York for alleged fraud involving Deutsche Bank.
Reporter Lisa Rubin, in a statement to MSNBC, highlighted the gravity of the situation, revealing Trump's desperate financial maneuvers, likening them to "robbing Peter to pay Paul."