Former US President Donald Trump warned against the deteriorating economic situation in the United States, saying the country could face simultaneous inflation and recession. 

"Now Biden and the radical Democrats have put at risk everything that we fought to build in this country," Trump said at his rally in Washington Township, Michigan, on Saturday, adding that "Biden’s inflation calamity will cost the average family an estimated $5,200 this year, a giant tax on the American workers."

He warned that the greatest threat for the Americans is not Russia or China, but the politicians who are currently in office.

"Despite all you are hearing and seeing of China and Russia and Iran and others, our biggest danger is not from outside coming in, our biggest danger is from the sick and radical politicians that are knowingly or unknowingly wanting to destroy our country," Trump told his supporters.

In order to get the US back on track, he said, all Americans must vote for Republicans in the midterm elections this year.

"We are teetering on the edge of an economic nightmare known as stagflation. …that’s simultaneous inflation and recession," Trump warned, adding that "it’s time to think about greatness for our country again." "We are going to retake Congress," he added.

It is worth mentioning that poll data reported by The Hill on Tuesday showed that Trump was ahead of both incumbents Joe Biden and Vice President Kamala Harris in hypothetical presidential campaign matchups for 2024.

US at ‘catastrophic low point’, Trump says

The US is going through the "most dangerous period" in its history, former US President Donald Trump told his supporters in Michigan, blaming US President Joe Biden for America’s "decline".

"Historians will record this period of American history as a catastrophic low point and a stain upon our once-great reputation," Trump said at his rally in Washington Township on Saturday.

The former President said the US has never been treated by other countries with such "disrespect and scorn" and stressed that other countries’ leaders are not returning Joe Biden’s phone calls.

Trump said the current situation is the result of the United States' withdrawal from Afghanistan, which he described as a "humiliation" for Washington.

"We are living through the most dangerous period of our life and we have a president who has no idea what’s going on, he has no idea what he is doing and he has no idea what he is saying or where he is. Other than that, he is doing a fantastic job," Trump said.

He went on to say that while there is nothing that can be done to "halt Joe Biden's mental and physical deterioration," the approaching midterm elections are critical because the "decline" of the United States can be reversed.

Trump accused Biden of unleashing a "war on American energy" and bringing about the highest gas and food prices in US history. The former President also said that Biden’s "weakness" led to the "Ukraine disaster".

Earlier, Trump called on Russian President Vladimir Putin to release all damaging information on Biden and his family - this comes off as an audacious move from Trump as the former President looks to disrepute Biden in the wake of recent scandals against his son, Hunter. 

Read more: Russia releases documents on US-funded bio-weapons, Hunter Biden exposed

Trump himself is bombarded with legal files; while this would end any politician's career, he maintains a nonchalant, cool exterior.