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Aug. 2, 2023 - X22 Report
21:34
Ep. 3130a -US Downgraded For The Second Time Under Obama/Biden,Tells You Everything You Need To Know
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I'm going to go ahead and get started.
Hi and welcome.
You're listening to The Axe 22 Report.
My name is Dave and this episode 3,130 AM.
Today's date is August 2nd, 2023 and the title of the episode is US downgraded for the second time under Obama and Biden.
Tells you everything you need to know.
Let's talk about protecting our wealth.
The U.S.
dollar has lost 85% of its value since the 70s when the dollar decoupled from gold and the government seems bent on continuing the tradition.
From now until after the next elections, the government can print as much money as they want.
Last time they did that, inflation went up 9%.
9%.
This means one thing.
The security of your future and your family's future is all in your hands.
Make sure you freeze the value of your wealth you are holding.
Invest in gold with Noble Gold Investments.
Gold is the one asset that has proven to withstand recession, inflation, and just about all economic threats.
Noble Gold Investments is here to help you if you want to invest in gold.
You will also get a 24-carat, one-quarter ounce gold standard coin for free.
Go to x22gold.com.
That is x22gold.com.
Or click the link in the description.
It's If you don't see the link, click the other or the description button, or just simply call 877-646-5347.
That is 877-646-5347.
It's the only gold company I trust.
And remember, there's always a risk of investment and there's no guarantee of any kind.
Let's get right into the economic collapse financial news.
Now, the deep state, the corrupt politicians, the Private Western Central Bank, the World Economic Forum, as we move down their path to try to bring us into the Great Reset, the Green New Deal, the economy, as we can see, is one gigantic illusion.
The job numbers aren't real.
We're not in a recovery.
We didn't beat the recession.
Actually, the country is being destroyed from the inside.
Now remember, you need to go back to the 16-year plan.
Their 16-year plan was to infiltrate the country and destroy it economically.
Remember when Obama was in the White House back in 2011?
What happened during that period of time?
Standard & Poor's came out and said, hey, We're going to lower your rating.
Of course, the Obama administration freaked out about this, and they forced Standard & Poor's to say, oh, OK, forget it.
We made a mistake here.
Why don't Obama and Biden want you to see the rating agencies downgrade America?
Because then the people would catch on to what they're doing.
You see, they want the rating while they destroy the entire system.
If the rating keeps going down and it gets worse and worse and worse, what do people notice?
That people say, whoa, wait a minute.
I don't understand this.
Why does the rating keep coming down when you tell us the economy is absolutely incredible?
It doesn't work!
So what do they gotta do?
They gotta fight with the rating agency and scare them, put fear into them, hold back money, actually quid pro quo, and force them to keep the rating the way it is.
That's what the Obama administration slash Biden administration, which is really the Obama administration, this is what they've been doing the entire time.
Because they want to bring us into the Great Reset, the Green New Deal, without you knowing that they're doing it.
But they are doing it, and you can see it very, very clearly.
Everything that they're doing doesn't help us.
It actually hurts us in the long run.
And every time you see something like the rating agency saying, hey, so, you know what, we're going to downgrade you, that tells you everything you need to know.
And you know what else tells you everything you need to know?
The ESG scores.
Even the Financial Times is out there and they're saying companies with good ESG scores pollute as much as low-rated rivals.
This whole ESG thing is a bunch of BS.
And now...
Those who invest, those people that research, they're starting to realize, yes, that's exactly what it is.
Remember, they never expected the people to be awake.
They never expected people to be watching all of this.
They never expected the people to go along with this.
They never expected anyone to see any of it because they were going to have the pandemic.
They were going to have a war.
They're going to cover all this up and do it behind the scenes.
Now they have to do it in front of us.
And the people aren't stupid.
The people could see exactly what's going on.
Especially when the economy is falling apart!
They understand what's happening!
And as they keep pushing this agenda, it doesn't help them.
It gets worse and worse.
And remember, when you're looking at the economy, what do you need to look at?
You need to look at the earnings.
You need to look at trucking and now cardboard boxes, of course.
And when that starts to decline, you know something is wrong.
And yes, there might be many other agendas associated, but when you look at it at an economic level, you could see that the economy is falling apart.
I mean, look at the airlines right now.
JetBlue Airway Corp is the latest to slash its full-year profit forecast over signs of sliding U.S.
travel demand.
And this is what they put out in a statement.
We're updating our full-year earnings outlook to reflect near-term headwinds related to the termination of the NEA, a challenging operating environment in the Northeast and greater-than-expected shift of pent-up COVID demand to long-haul international markets, which is pressuring demand for domestic travel during the peak summer travel period.
The current revenue environment where domestic fares are trending lower is driving the big reduction in earning expectations.
And it's not just JetBlue.
There are other airlines that are experiencing this.
Bloomberg's second measure, which tracks credit and debit card transactions, They're looking at the airline carriers and they're watching Delta, American Airlines, United Airlines, Southwest Airlines, Alaska Airlines, JetBlue, and car data for the second quarter showed a decline across all carriers tracked for the first time since COVID.
So the airlines are not doing well, businesses aren't doing well, and the country was just downgraded.
And that tells you everything you need to know.
Plus, As rates continually move higher and higher and higher, what's going to happen to all those people that are living off credit cards?
Because remember, this is the central bank illusionary system.
They make you think that everything's normal, that the currency is holding its value, and everything is okay.
But you could see going all the way back to the 70s, it's not okay.
The value of the currency is declining.
More and more people need to use credit cards.
When the interest rates move up, what happens to the rate for the credit cards?
That moves up.
That makes it much more difficult for people to bank payments.
And people start to do what?
They start to decline.
Actually, Moody's is already saying this.
And Unusual Whales on X put this out and said, tighter interest rates could lead to a spike in credit card defaults for young adults.
And that's exactly what's going to happen.
And the other thing that's happening is as the rates continually move up and up and up, people can't afford what?
Real estate.
If people can't afford real estate, who can afford real estate?
Investment companies.
Institutional investors.
And they're stepping in and they're purchasing homes.
So the people, they can't own a home, so they have to rent.
Institutional investors, they are now purchasing the homes, and just like the World Economic Forum says, you'll owe nothing and you will be happy.
Unusual Whales on X put this out and said the following.
Institutional investors may control 40% of US single-family rental homes by 2030, according to MetLife Investment Management.
And there it is.
You could see it firsthand.
And you can also see the infiltration in this country.
Remember, the Chinese, they used to just invest in this country.
Now the Chinese buyers, they're returning to US property market and they don't want to invest anymore.
They actually want homes here.
Why?
Why all of a sudden do they want homes in the United States?
Does that mean they're planning on an infiltration and they're already setting up their homes here in the United States?
It's starting to seem that way.
Everything's moving in that direction.
Because remember, in the end, what do they want to do?
They want to bring us into the Great Reset, the Green New Deal.
They want this country destroyed economically and also via war.
So if that happens, the Constitution, what happens to that?
That's removed.
Can a conquering nation move in?
Absolutely.
Are they already setting up their homes here in the United States?
It's starting to look that way.
And we can see that this is what they've been planning because the entire economic system is completely falling apart.
The United States economy is falling apart and what we're witnessing right now with all this debt and everything else is the economy is in a recession, actually probably a lot worse than that.
It's heading towards a depression and it's going to get worse and worse and worse.
I mean think about all the debt that we have right now.
Right now, the U.S.
government interest spending is now close to $1 trillion on an annualized basis.
It surged about 50% in the past year.
And Wall Street Silver on X put this out and said, in 1971, global debt was a mere $4 trillion.
global debt was a mere 4 trillion.
In 2023, global debt is 325 trillion excluding derivatives.
How much longer can this debt bubble go?
And when you start to look at the graph and you start to look at 1971, in 1971 we were on the gold standard.
We're at four trillion dollars worth of debt because they started to print a lot.
And then all of a sudden what happened in 2000 we moved up to 100 trillion.
2021 we move up to 300 trillion.
And by 2030 we're going to be what?
Something around 600 trillion dollars.
Let's talk about protecting our wealth.
The U.S.
dollar has lost 85% of its value since the 70s, when the dollar decoupled from gold and the government seems bent on continuing the tradition.
From now until after the next elections, the government can print as much money as they want.
Last time they did that, inflation went up 9%.
This means one thing.
The security of your future and your family's future is all in your hands.
Make sure you freeze the value of your wealth you are holding.
Invest in gold with Noble Gold Investments.
Gold is the one asset that has proven to withstand recession, inflation, and just about all economic threats.
Noble Gold Investments is here to help you if you want to invest in gold.
You will also get a 24-carat, one-quarter ounce gold standard coin for free.
Go to x22gold.com.
That is x22gold.com.
Or click the link in the description.
If you don't see the link, click the other or the description button, or just simply call 877-646-5347.
That is 877-646-5347.
It's the only gold company I trust.
And remember, there's always a risk of investment, and there's no guarantee of any kind.
Do you think we can maintain the interest payments on the debt?
You think the country can function?
No, this is why Fitch came along and said, okay, we're going to downgrade the United States.
Long-term foreign currency issuer default rating from AAA, So now we have been Downgraded.
But let's go back to 2011, this is August 8th, and what did Standard & Poor's do back then?
They went ahead and they downgraded the United States under Obama.
Actually, if you really think about it, aren't we seeing the same exact thing right now?
Isn't Obama pushing all of this?
Yes, because it's the same exact agenda as before.
He's in the basement talking to Biden, and it's the same exact agenda, and we're being downgraded once again.
And you can see that they don't want people to notice this.
They don't want people to say, hey, why are we being downgraded if the economy is doing well, if we're in a recovery, if there's no inflation, if the fuel prices are low?
Why are we being downgraded?
This makes no sense whatsoever.
And you can see that they don't want the people to see this because as they bring us into the Great Reset, the Green New Deal, they don't want people to understand that it was them who caused all of this.
So if the rating agencies downgrade us, it brings attention to them.
So what did the White House do?
Well, they decided to blame it on Trump.
They put out a statement.
Yes, I'm totally serious about this.
They decided to blame this on Trump.
And this is what the statement says.
We strongly disagree with this decision.
The ratings model used by Fitch declined under Trump and then improved under Biden, and it defies reality to downgrade the United States at a moment when Biden has delivered the strongest recovery of any major economy in the world.
And it's clear that extremism by Republican officials, from cheerleading default to undermining governance and democracy, to seeking to extend deficit-busting tax giveaways for the wealthy and corporation, is a continued threat to our economy.
So this has nothing to do with Biden economics.
This has nothing to do with their entire policy of Green New Deal, Great Reset, right?
Right.
Aren't they the ones in control?
Remember, we're going into the fourth year right now.
They can't blame anyone but themselves.
They had two years with the Democrats in Congress.
You're telling me these couple of months with the Republicans in the House, this is what's causing the problem?
Absolutely not.
They don't know what to do at this point.
They're struggling.
Zero Hedge put this out and said, Biden administration officials shared their disagreement with Fitch ahead of an announcement on Tuesday.
Biden threatened to withhold one billion in aid to Fitch if Biden economics was downgraded.
So basically, is he blackmailing Fitch?
Actually, didn't Obama blackmail Standard & Poor's?
Didn't he force Standard & Poor's?
Isn't Biden doing the same exact thing?
Anyone see the exact same thing happening right now?
Actually, this is what Biden does.
He does it with Ukraine.
He does it with China.
He does it with everyone.
Now he's doing it with Fitch.
We're going to withhold money unless you do what we tell you to do.
It's called blackmail.
That's what it's called.
And we can see that as the United States is downgraded, they don't want people looking at other alternative currencies.
What do I mean by this?
Well, Kevin O'Leary from Shark Tank actually explains this.
He says, Fitch's U.S.
credit rating downgrade means there's less faith in the dollar and treasury bills.
This will push sovereign wealth funds to be wary of holding greenbacks.
There's no way to sugarcoat this at all.
It's bad.
Yes, so if people don't want to hold on to the fiat currency, what are people going to do then?
Are people going to say, hey, you know something?
I need to take this fiat currency and move it into different areas.
I need to transition it because just in case we're downgraded again, this piece of paper is going to be worth absolutely nothing.
So people are going to do what?
They're going to say, OK, you know something?
Bitcoin looks pretty darn good.
Let me maybe I should transition some of my currency into Bitcoin.
Hey, you know something?
Gold and silver looks pretty darn good.
Maybe I should transition some of my currency into gold and silver just in case something else happens.
And what do you think the deep state players are going to do?
What do you think the central bank is going to do?
They're going to attack Bitcoin!
They already control gold so most likely they'll try to dump a lot of paper contracts and try to bring gold down to push people away and they will go after Bitcoin and actually that's already what we're seeing.
Right now the US Justice Department is considering fraud charges against crypto exchange Binance.
Prosecutors are worried that charges could cause run on exchange.
So they're already trying to convince the people that, hey, by the way, the dollar, the Federal Reserve note is still good.
Don't go to alternative currencies.
Don't go to Bitcoin.
Don't go to the exchanges.
Don't go to gold and silver.
Just stay with the U.S.
dollar.
Trust us.
We know what we're doing.
You think the American people are trusting them?
Absolutely not.
But let's take a look at Biden economics and let's see what we have so far in 2023.
The Khabisi letter put this out on X and said the following.
Financial events in 2023 so far.
Mortgage rates past 2008 highs of 7.2%.
Credit card debt set to hit 1 trillion for the first time ever.
Regional bank crisis leads to second and third largest bank collapse in history.
30 plus events mark a move away from the U.S.
dollar.
Fed raises interest rates to highest level since 2001.
Debt ceiling crisis nearly leads to U.S.
default.
U.S.
sees most bankruptcy since 2020 lockdown.
Interest expense on U.S.
debt set to cross $1 trillion annually.
Fitch downgrades U.S.
credit rating for first time since 2011.
Yet the S&P 500 is up an incredible 700 points this year.
Is this the most resilient stock market in history?
No.
Who controls the stock market?
The central bank.
Remember, this is their economy.
They control the interest rates, they control the markets, they control everything except one thing, the real economy.
Because when the real economy breaks apart and companies aren't earning, when truckers aren't delivering items, when cardboard manufacturers aren't producing cardboard, What happens to the economy?
The economy starts to fall apart.
What happens with companies?
They start to lay off people.
When people start to get lay off, what happens?
They don't have money.
If they don't have money, they can't spend in the economy.
If they don't spend in the economy, what happens?
Other stores start to fall apart because they don't have people coming in and purchasing things.
What happens to hotels?
What happens to restaurants?
Everything starts to fall apart.
Then people use more and more of their credit cards.
And what happens on that level?
Well, they can't make their payments.
Yes, they're paying for things, but then the payments come due.
But if they don't have income, what happens?
They can't make the payments.
And what happens to the banking system?
Well, all of a sudden you see credit card defaults.
And if you see credit card defaults, the banking system, they're in trouble.
It's an avalanche that is now building up speed and it's going to get worse and worse as time goes on.
What happens when fuel costs start to move back up?
That's going to affect inflation.
Everything is connected.
The entire system is completely falling apart under Obama, under Biden.
And I do believe that this is completely timed for the 2024 election because think about what they tried to do to Trump during the pandemic.
They went ahead and they thought they were going to bring the entire economic system down.
George Soros, back in January in Davos, Switzerland, he said, listen, the stock market is very overheated.
It's going to crash.
And as soon as the pandemic began in March, all of a sudden the stock market dropped like a rock.
But again, they weren't in control of the actual market.
Yes, they were selling off quite a bit to bring it down, but it didn't work because they wanted the entire economic system destroyed during the presidential election.
Now, what is Trump, the Patriots doing to the deep state players, to the central bank?
They're going to use this against them and actually use it where we destroy the central bank and actually allow us to move away.
But the Biden administration, the Obama administration, which is actually the Obama administration, they can't actually recover from an economy that has failed.
They had three years, and if you go into the fourth year, they had four years with this economy.
They are the ones to blame.
They can point the finger anywhere they want, but the people aren't stupid.
They know who caused all of this.
They know that the policies that they pushed didn't work.
They know, and I'm talking about the people, the people know that they were lied to over and over and over.
They lied about fuel prices.
They lied about inflation.
They lied about the job numbers.
They lied about it all.
And people realize this.
So in the end, when this happens, who's to blame?
It's Biden, Obama, fake news, and the rest.
And when the economy's sitting there where it's completely destroyed, and we're this close to a depression, You think the people are gonna say you know something?
This is the party that I want running the economy again.
I'm gonna vote them in.
No, the people are gonna say, absolutely not.
So if you really look at what Trump is doing, he is actually hitting them from all sides.
And also, while this is going on, actually rooting the credibility of the Fed, rooting the credibility of the Treasury, rooting the credibility of the Biden administration, all at the same time to move us away from the central bank system.
And in the end, the people are gonna say, you know something?
We're going to make a choice.
And you know what?
We're moving away from this system.
We're going into a people system.
And that's how you destroy the central bank.
This is how you destroy everything that they put into place.
Listen everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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