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Oct. 4, 2023 - X22 Report
18:12
Ep 3179a - Yellen Stocking Up On Cash, She Knows, Something Interesting Just Happened
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Thank you.
Hi and welcome.
You're listening to The Axe 22 Report.
My name is Dave and this is episode 3179 and today's date is October 4th, 2023.
And the title of the episode is Yellen Stocking Up on Cash.
She Knows Something Interesting Just Happened.
Let's talk about protecting our wealth.
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Let's get right into the economic collapse financial news.
Now the Deep State, the corrupt politicians, the private West Central Bank, the World Economic Forum, every single thing they have been trying to do to bring us into the Great Reset, the Green New Deal, is completely falling apart.
The Green New Deal is pretty much dead in the water.
The people, they're rejecting it.
Everything that Facebook has set up, or their company Meta, where they set up the Metaverse because they want everyone in this illusionary place.
That is also failing.
And we can see as we move down this path, it's just going to get worse and worse for the Deep State, the Central Bank, the World Economic Forum.
Because they never expected the people to be awake.
They never expected the people to think logically.
And this is going to be their downfall in the end.
And when you start to look at the economy, you can see the economy, it's having problems all over the place.
And I do believe this is all set up for 2024.
And this is going to come back to haunt the Biden administration.
Or if there's Michelle Obama running, it's going to come back to haunt the Central Bank to World Economic Forum.
And they will not be able to get out of this.
This is how you trap them in their entire agenda.
And I do believe we're on our way and I do believe that the clock is ticking down.
And something very interesting happened with the Speaker of the House because now we have a pro-temporary and this individual is Patrick McHenry.
Now he is pro-Bitcoin.
He's also been hitting the central bank Quite a bit, with certain letters hitting Janet Yellen.
And we'll be talking about that in a little bit.
But first, let's talk about what's happening with Meta, because their entire push to bring everyone into the Metaverse is completely failing.
And remember, this was all part of the Great Reset, the Green New Deal, to keep people in an illusionary state.
And what better way than to keep people in an illusionary state, but to bring them into an illusionary world?
And this is what they wanted to do.
But we can see their entire push, everything that they wanted to do is completely failing.
Metaverse is failing, Smart Glasses is failing, Threads is failing, and Meta has to cut 21,000 jobs.
And you can see that their entire push, it is not working anymore.
The other thing that we come to find out as the economy continually implodes, and the Biden administration is out there telling us that jobs, everyone's getting a job now, the economy is growing.
Remember, he's lying here.
He's letting everyone know that everything is perfect, but in reality, we see the opposite happening right now.
ADP right now, They just issued their employment report and it's signaling the weakest labor market since January of 2021.
So the ADP print is around half the expectation for NFP print of around 170,000.
Large firms dominated the weakness and large firms they've dropped around 83,000.
And we can see that it's a complete and utter disaster.
And what else are we seeing?
Well, it looks like we're seeing a very steep decline in jobs this month.
We're seeing a steep decline in wages in the past 12 months.
And it's just getting worse and worse for the people and the people are starting to realize.
Now, think about what's happening around Biden right now.
First, we had the Hollywood strike.
Then we had the autoworker strike.
And now it looks like we're going to see health workers go on strike.
Genevieve Roque-Dector on X put this out and said, Good morning, everyone.
Another day, another strike.
Over 75,000 workers at Kaiser Permanente are preparing to strike at 9 a.m.
This will be the largest health care strike in U.S. history.
It could interrupt health services for 13 million people.
It's absolutely unbelievable.
So let's see how this all plays out.
But it's very interesting that all of this is happening around Biden right now, and he's struggling to keep everything together.
Of course, he has to tell the lie that the economy is doing well when the people realize and they understand that the economy is not doing well because you're experiencing it.
But he has to keep the illusion alive.
And I don't think he's going to be able to do this throughout 2024.
I think there are going to be so many different things that are happening that he won't be able to spin all of it.
The fake news won't be able to spin it.
The White House press secretary will not be able to spin it.
And it's going to completely and utterly fall apart on him as he moves closer and closer to 2024.
Now, we don't know if it's going to be him in the election, but his administration They're going to have a huge problem as we move closer and closer to the elections.
And this is why you can see they are now ramping up their policies to keep people happy, because if they don't do this, people are going to get very, very angry.
Right now, we have Biden.
He's going to extend the $9 billion more of student loan debt relief to 125,000 borrowers, even though the Supreme Court struck down his unilateral cancellation earlier this year.
They're still moving forward for all this.
The other problem they're going to have is that food stamps will be harder to get from October.
This month's Supplemental Nutrition Assistance Program benefits will get a boost, but eligibility requirements have changed.
For the new rules which went into effect October 1st, It stipulates that able-bodied adults without dependence between the ages of 52 and 54 will have to prove that they are actively working, training, or in school.
Before, those between the ages of 18 and 52 had to prove they are working at least 80 hours per month in school or involved in a training program to get the SNAP benefits.
With the recent changes, the left-wing Center on Budget and Policy Priorities warned that more than 750,000 older adults are at risk of losing SNAP benefits due to the expansion of the existing failed SNAP work reporting requirement.
The requirements initiated under the debt ceiling deal were the largest changes made to the SNAP or food stamps in decades.
So there's going to be a lot of people that's going to find it very difficult to get these food stamps.
And people are going to get pretty darn angry.
I do believe they're shifting everything to the younger generation and it looks like that's exactly what they're doing.
Now the other thing that's very interesting is so far we know that the Fed and other central banks they have had they held the interest rate steady right now but it looks like they're preparing and ready to increase the rates very very soon.
Zero Hedge put this out and said the U.S.
added check notes $275 billion in debt in one day.
The total U.S.
debt is around $33.5 trillion, hit $33 trillion just two weeks ago, and on pace to rise by $1 trillion in one month.
E.J.
Antonio responded to this and said, this is more than was added to the debt in the entire month of September and is 13% of what was added in the entire previous fiscal year.
Yellen is stocking up on cash before Powell and company hike rates at the October-November meeting.
Got to lock in those 5% rates now.
And yes, that's exactly what she's doing.
Remember, the Fed, they need to continually raise their rates.
They're not going to be dropping them.
They're going to raise them.
Yes, they might slow the amount that they're raising it because they're hitting a tipping point, but they're going to have to continue this because they need everyone to think that they're controlling inflation.
Remember, they told us from the very beginning, to control inflation, we're going to need to raise rates.
So if they stop raising rates and they back off, Let's talk about protecting our wealth.
Do you want to take control of your financial future, but you don't know where to start?
Noble Gold Investments understands.
Investing in precious metals may sound confusing, but the team at Noble Gold Investments makes it easy.
Let's hear from the actual Noble Gold Investment customers.
One customer said, the staff answered all my questions and helped me every step of the way.
Another one said, no pressure, sales tactics.
Just honest guidance.
Another one?
Secure my future is less stressful thanks to Noble Gold expertise.
So don't settle for financial uncertainty.
They'll suggest options and see if you can diversify into gold and silver.
Right now, Noble Gold Investments is offering a free 5-ounce Silver American The Beautiful bullion coin for a qualified account.
Don't settle for financial uncertainty.
Mobile Gold Investments has an A-plus rating with the Better Business Bureau and countless five-star reviews.
Why wait?
Go to x22gold.com, that is x22gold.com, or click the link in the description.
This is the only gold company I trust.
And remember, there's always a risk of investment and there's no guarantee of any kind.
Did they control inflation?
If everyone sees inflation moving up?
No.
So every time inflation moves up, they're going to have to raise rates.
Maybe not by the same amount that they've been raising it because they're hitting a tipping point.
I think, look, it looks like they're trying to slow it down a little bit because I do believe this is timed for around the presidential election where everything is going to fall apart and it's going to be blamed on the Biden administration.
It'll be blamed on the Fed.
It's going to be blamed on the Treasury.
And it looks like that Yellen is getting prepared for this.
Most likely there are others that are getting prepared for this and they're going to be raising rates probably come this fall.
And once again, this whole thing is a controlled demolition of the economic system.
And I do believe Trump and the Patriots, they knew that they were going to head in this direction.
They knew that they were going to bring us into the Great Reset, the Green New Deal.
They were going to destroy their old system to try to bring us into the new system.
And he needed to counter this every step of the way.
And the only way to do this is for people to understand what is really going on, to see it with their own two eyes, to feel it every single day, and to see exactly what they've been doing.
And I think the people are seeing this.
Now the other thing that's very interesting is we could see with the House, they have removed McCarthy from Speaker of the House, and now they have Patrick McHenry as a pro-temporary.
He's there temporarily as the acting Speaker of the House.
But his history is very, very interesting because if we go back in time, just to May 26, 2023, we'll go back a little bit further.
But he said something, and he wrote a letter, actually, that's very, very interesting.
And he wrote this letter to Janet Yellen.
So let me just read a portion of the letter.
He says, last year, China recorded a current account surplus of $417.5 billion, the highest level since 2008.
The last time the administration tried to restrict financing against a large current account surplus country in 2014, it failed.
Do Treasury and the administration really believe that investment restrictions will be effective this time, particularly against a surplus country that holds $3 trillion in reserves?
To be clear, this is kind of a policy was attempted as part of a federal government's financing restriction against Russia.
Those restrictions not only failed to deter Moscow from its war in Ukraine, but it also left targeted entities so unaffected that the Treasury had to re-sanction them last year, given Treasury's long-standing principle that Coercive measures must achieve clear objectives.
It is unclear why the administration now wants to repeat the same policies in China, but expects a different result.
It is also unclear why the administration believes that prohibiting know-how solely linked to investments would be more effective than comprehensively using export controls or sanctions.
And the administration further claims that U.S.
investment in early-stage Chinese companies may require the declaration of a national emergency.
However, U.S.
venture capital deals in China have fallen by 87% since 2018.
At their height, these investments were concentrated in later-stage companies.
Moreover, U.S.
venture capital firms typically acquire control, substantive decision-making rights, board seats, or material non-public technical information when they invest.
As your colleagues in the Office of Investment Security know, these represent potential national security risks to the target country, in this case, China.
It is inexplicable that the administration hopes to rescue China from these risks before Beijing can, at a time when the Chinese Communist Party is already cracking down on Western firms and business intelligence services.
The administration should reject an EO that advances Beijing goals.
Now, if we go back a little bit more in time, back to 2017, Actually, we had Patrick McHenry, he wrote a letter to Janet Yellen and let me just read the first paragraph here.
I am writing regarding the Federal Reserve's continued participation in international forums on financial regulations.
Despite the clear message delivered by Trump in prioritizing America's interest in international negotiations, It appears that the Federal Reserve continues negotiating international regulatory standards for financial institutions among global bureaucrats in foreign lands without transparency, accountability or the authority to do so.
This is unacceptable!
And he's absolutely right!
And what's very interesting, he is going after the Fed.
He is going after the treasurer.
He is going after all these people.
And the other thing that's very interesting about him is that he is pro-Bitcoin.
Bitcoin Magazine put this out on X and said, pro-Bitcoin U.S.
Congressman Patrick Henry poorly becomes temp speaker of the House.
And I do believe there's a lot more people in Congress that are pro-Bitcoin.
They're completely against the Federal Reserve.
And I do believe Trump has been maneuvering and endorsing certain people to bring them in and change the fabric of Congress.
Because the only way to bring down the central bank is to have those people in Congress where they can vote against the central bank or actually audit the central bank when the crisis hits.
And it looks like Trump now is pivoting and positioning everything so we can go after the central bank when the time is right.
And if you really look at it, you can see the Patriots, they waited for the right moment.
They waited for the right moment.
And actually, I do believe they tricked the Dees into this.
And they were able to remove a control person.
And I do believe they're going to do the old switcheroo.
I think the Dees think that, oh wow, look, we got them.
But I think what's going to happen now is as they do the switcheroo, they're going to be putting someone in there.
They're going to be voting someone in there.
That is going to give the Dees and the Senate, the Uniparty, a run for their money.
And I do believe everything is getting into position, not just for the fallout with the economy and bringing us into a sound money system, but I do believe this is being done for many other reasons.
But I do believe that this is one of the major reasons, because you need people in there that are pro-alternative currencies, that they will take the next step and actually audit the Fed.
They will take the next step and they will fight against the Uniparty and the Central Bank.
And the only way to do this is to have the right people in there.
And I do believe the American people, they need to see firsthand what fighting actually looks like.
Because the people of this country are just used to the installed government.
The installed government never did any fighting.
They always agreed and they got nothing done.
Now we're seeing a complete change.
Everything is about to shift.
And I do believe it's going to be shifting in the favor of we the people, finally.
And when the people see this, the people are going to back it.
When the crisis hits, the people are going to say, hey, Look what's happening here.
We're not going into the central bank digital currency.
We don't want the Greed New Deal.
We want sound money.
We want the people creating their own currency.
Who's responsible for the economy coming down?
Is it Biden?
Is it the Biden administration?
Is it The central bank?
The Fed?
Is it the Treasury?
Let's take a look.
Let's see who's responsible.
And I do believe this is what's going to happen and it's going to kick off an audit of all of these things.
And I do believe once people find out that the Federal Reserve was behind a lot of this and they were involved in a lot of criminal activity, I think the people are going to say enough is enough and they're going to demand some type of restructuring or the removal of the central bank system because once you have the people behind you, once you have the people calling for the destruction of the central bank, the central bank won't be able to do anything.
See, they always like being in the shadows.
They never wanted to be out front and center.
And if you notice, the Federal Reserve throughout all of this, they have been front and center.
They give press conferences now.
If you look in the past, you never even heard from them.
They've been brought out of the shadows and into the light so everyone can see who the Federal Reserve is and what they do.
And as people hear more and more about it, and as people see more and more about it, and people do research, people start to realize that the central bank does not work in their favor.
And the people, they're going to be pushing back in the end, and they're going to be pushing back really darn hard.
Listen everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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