President-elect Donald Trump says he will apply the same techniques to running the country as he has with his businesses, watching it embarrassingly fail before filing for bankruptcy.
He predicts the nation will be insolvent by the middle of next year.
Mr Trump told journalists that when it comes to running a nation he has unique business experience. “No other candidate, perhaps no other person in history, can say that they’ve lost money running a casino. I have. Believe me, having the odds quite literally stacked in your favour, and then losing. It’s a unique approach to doing business. I’m looking forward to using those same philosophies with our nation,” he said.
Mr Trump will inherit a strengthening US economy, which he described as, “just a small inheritance of $18 trillion”.