Billionaire hedge fund manager John Paulson has shaken the financial world with a bold declaration. During an appearance on Fox Business' "The Claman Countdown," the founder of Paulson & Co. hinted at an exit strategy from U.S. markets if Vice President Kamala Harris wins the 2024 presidential election.

"If Harris is elected, I'd pull my money from the market," Paulson stated. He explained his rationale: uncertainty. "I'd go into cash and I'd go into gold because I think the uncertainty regarding the plans they outlined would create a lot of turbulence in the markets and likely lower them."

Don't Miss:

• Amid the ongoing EV revolution, previously overlooked low-income communities now harbor a huge investment opportunity at just $500.

• This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, and you only need $100.

• Teens may never need wisdom teeth removed thanks to this MedTech Company – Be an early investor for just $300 for 100 shares!

It's a bold statement from a man known for turning heads – and making billions by correctly predicting the 2007 housing crash.

Paulson, a key Trump donor, isn't making idle threats. His concerns stem from Harris's proposed policies, which include more government spending and what some critics call “centralized price controls.”

Economists have crunched the numbers and estimate that Harris’s plans could cost $1.7 trillion. Paulson worries that such policies could disrupt the economic machinery.

Trending: A billion-dollar investment strategy with minimums as low as $10 — you can become part of the next big real estate boom today.

"It depends very much on who is in the White House and who controls Congress," Paulson warned. "If they go through with a 25% tax on unrealized gains, it would lead to massive selling across the board – stocks, bonds, real estate, art. It would trigger a market crash, and we'd look at a recession almost overnight."

Known for his ability to spot trouble ahead, Paulson's words will surely make investors uneasy. He has built a reputation for seeing through the smoke before others smell the fire. So when he says he’s ready to pull out of the U.S. market, people listen.

Trending: Groundbreaking trading app with a ‘Buy-Now-Pay-Later' feature for stocks tackles the $644 billion margin lending market – here’s how to get equity in it with just $500

At the heart of Paulson's concern is the middle class. During the conversation, he pointed out how much hinges on the upcoming election. "The middle class is key for this election. And it's all about who will do better for them," he said, adding that the average real wage increased by about 6.5% under Trump’s policies. In contrast, under Biden's administration, real wages have declined due to inflation.