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Nov. 20, 2023 - X22 Report
21:31
Ep 3216a - All The Pieces Are Being Put Into Place, The World Economy Is About To Change
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You're listening to The Axe 22 Report.
My name is Dave and this is episode 3216 and today's date is November 20th, 2023 and the title of the episode is All the pieces are being put into place.
The world economy is about to change.
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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, everything around them is completely and utterly falling apart.
Now really think about what the Central Bank doesn't want the entire world to see.
They don't want the people of this world to see a country that removes themselves from a Private Western Central Bank.
And once a country does remove itself from a private was a central bank, the people, they will see the difference.
It'll be clear as day.
They will see a country prosper.
And they don't want the people of the world to see this.
But as we can see, all the pieces are being put into place.
So the people of the world, they are definitely going to see not just one country, But multiple countries separate themselves from the Private Western Central Bank.
And this is going to be the downfall of the Private Western Central Bank.
And we're already starting to see it out in El Salvador, because El Salvador is moving towards Bitcoin.
And yes, as they continually do this, and as they separate themselves from the Private Western Central Bank, you're going to see the country flourish.
And that's exactly what we're starting to see.
First, they rounded up all the criminals, the gang members, the MS-13 gang members, and now the city is safe.
Businesses are starting to come back, and you can see that they've already paid off their debt, and they are moving towards Bitcoin.
And two years ago, what did they do?
Well, they unveiled plans to build the first Bitcoin city, and now they are doing this.
Now think about it.
Argentina, They just elected a new president, a president that wants to separate their country from the Private Western Central Bank.
And yes, he is into Bitcoin.
And yes, he wants to get rid of the Private Western Central Bank.
Now, is he going to get rid of it right off the bat?
No.
You have to restructure everything first and you need to set everything up.
Now, remember, he was just elected, but I do believe they're going to be following in the footsteps of El Salvador.
And as we move forward, what are we going to see?
We're going to see countries start to prosper.
And this is what people around the world are going to start to notice.
And this is what people are going to see.
And what's very interesting.
is that Argentina's new president he did say something about money printing and it's very interesting he said if printing money would end poverty printing diplomas would end stupidity and he's absolutely right printing money doesn't end poverty actually printing money actually creates poverty because the more money you have in circulation The less value it is.
And if you follow the model of the private Western Central Bank, what happens?
It doesn't benefit the people in the long run.
And I think countries have been understanding this, realizing this, and now everything is about to change.
And we can see with the new president out in Argentina, He is not going to be joining the Bricks.
First of all, he's saying, how is this going to benefit the country of Argentina?
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He's saying that he's going to dollarize the country's economy.
And once again, I do believe he's heading down the path where he's planning on restructuring the entire private Western Central Bank.
How do we know this?
Well, Ultra Popularize Matter on Telegram put this out and he said the following.
Wow, this might be some of the best news I've heard in months.
President Javier is an arch nemesis of the central bank slave system and openly claims that he wants to destroy it with fire.
One of the greatest thieves in the history of mankind is the central bank.
What do you do with the central bank?
Would you close it?
At one point?
You made the joke that you were going to set it on fire.
It's a metaphor.
The institution doesn't exist anymore.
I'm saying that in the transition, until you can transform the banking system into a free system, it will have to fulfill the function of regulating the banks.
He plans to set up a free banking system, and that's exactly what he's going to do, just like what they did in El Salvador.
Now you're going to have two countries right now where people are going to see the difference, and they're already starting to see it in El Salvador.
The pieces, as they come together, this is what people are going to notice.
And as more and more people see this, this is going to destroy the central bank system.
But first, we need to remove the countries from their system.
Totally.
And those countries that are really engulfed in the central bank system, the only way to do this is to bring their system down.
Now if Trump just came out and decided, you know something, I'm going to bring the entire system down, the optics wouldn't look good.
So he had to put the resident in place.
And he needed the resident, the central banks, to think that they were in complete and utter control, that the pandemic was the perfect time to bring us into the Great Reset, the Green New Deal, and he needed them to start the ball rolling.
And that's exactly what they did.
They started the ball rolling, and now they're trapped in their own agenda.
They are now in the process of destroying their own system.
And once they destroy their own system, because this is what this really is, is a controlled demolition, They're going to be at their weakest point.
And as they're at their weakest point, what can the patriots actually do?
They can use that as leverage and move us away from the central bank system.
Actually, Congress can restructure everything.
And I do believe that's exactly what's going to happen.
But we need to get there first.
And I do believe we're on our way.
And I do believe once the system is restructured, the economy in the U.S.
will bounce back very, very quickly.
And I do believe once the U.S.
does it, you're going to see the rest of the world follow along in this.
But you could see the economy is definitely breaking down, no matter what the Biden administration says, no matter what the Fed says, no matter what the Treasury says.
We are seeing many, many indicators that things are not going well.
We're starting to see layoffs pick up.
Layoffs are being announced.
But when you look at the retail sales, they are pretty slow ahead of the holiday season.
And seven out of the 13 categories posted declines.
And the lead was furniture and car dealerships.
And when you look at the higher credit card rates, waning savings and the resumption of student loan payments, well, all this could limit the spending that we're going to see in the holiday season.
And I do believe that's exactly what we're going to see.
Actually, the National Retail Federation sees those headwinds and other hindering sales.
Because they realize there's going to be major, major problems as we move forward.
Now, the other thing that's very interesting is we could see that the Fed, they have made the banking crisis even worse.
FX hedge put this out on X and said, over a month ago, the Fed made it clear that we weren't out of the banking crisis.
Today, it's worse.
Commercial real estate is poised to implode small banks.
And that's absolutely right.
Think about all the businesses that are going out of business.
Think about the crime in all the different cities.
Think about retail.
This is a complete and utter disaster.
And think about the interest rates are sky high right now.
The corporations, they never expected this.
They love the easy money.
Now they are in trouble.
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And you can see already that corporations, they are prepared and ready to lay off many, many people.
And I do believe the layoffs are going to come fast and furious in 2024.
Genevieve Roekdecker on AX put this out and said, finance layoff announcements in 2023.
Citigroup 7,000 employees, Goldman Sachs plus 4,000, Farmers Insurance 11% of the workforce, Robinhood up to 7%, Charles Schwab up to 6%, Wells Fargo 5%, Ally Financial up to 5%, Morgan Stanley up 4%, Bank of Nova Scotia 3%, RBC 1-2%.
Big banks have laid off 20,000 plus employees year-to-date according to Forbes.
Apparently there's more to come and of course there's more to come.
What do you think is going to happen after the holiday season?
Yes you're going to see a lot of layoffs and this is going to cripple the economy and as we approach 2024 You know, the Biden administration, you know, the Treasury and the Fed, they're all going to tell you everything is fine.
And remember, I already believe that the Fed has tipped the economy off the cliff already.
How do we know this?
Because we know that once the Fed holds the rates steady, And they're prepared to bring the rates down?
That's how you know the economy has hit that tipping point.
We'll be discussing that in just a sec.
But we do have leading economic indicators that are signaling a recession.
A key measure of the direction of the U.S.
economy fell for the 19th straight month and once again indicates that a recession is looming.
The leading economic index fell 0.8% in October.
This is the conference board.
The LEI is based on 10 indicators that tend to forecast the direction of the economy.
Economists had expected a milder decline of about 0.8%.
The last time the index declined for 19 months in a row was during the Great Recession when it fell from the end of 2007 through 2009.
The index is once again signaling a recession in the near term.
And once again, the people are saying, no, don't worry.
Everything's going to be fine.
The economists are saying, yeah, yeah, it's going to be great.
Biden's out there saying the economy's strong and he's going to continually say this throughout the year of 2024.
But again, the people, they realize what's going on.
They don't have to be economists.
They don't have to have a finance education.
All they have to do is live their everyday lives.
And they realize what's really going on.
The people feel it.
The people understand that the economy is not doing well.
And as the layoffs start to pick up, that's when people are going to start to really understand that there are major, major problems.
Now, the Federal Reserve, like we said before, They know that once they raise the rates, they hit this tipping point.
If you go back in time, you can see this.
If you just go back to the Great Recession of 2008, 2009, you see the years prior to when everything completely and utterly fell apart.
You see the Fed raise the rates and then all of a sudden they had it held steady because they knew, oh, we hit the tipping point, the economy is going to roll over, let's start dropping the rates.
So I do believe the Fed is very, very close.
They might have one more rate hike, but they're going to hold it steady and then they're going to drop it probably at the end of 2024.
And that's exactly what we're seeing right now, because out of Bloomberg, the Federal Reserve rate cut is not likely until the third quarter of 2024, which is very interesting.
The timing is very, very interesting.
Now, the other thing that's very interesting is that we could see there are countries now They understand what's happening.
They realize that they're going to need something to backstop all of this.
They know that they just can't hold on to paper currency because in the end when everything starts to fall apart and printing goes out of whack, the value of the currency declines and they know in the end It's going to be worthless because we've seen this throughout history.
We see it happening right now.
People are experiencing it.
So it's very, very interesting.
This is coming out of the EuroHedge.
The Dutch Central Bank admits it is prepared for a new gold standard.
Now, do you think this is the only country that is preparing for a gold standard?
No, I do believe there are many, many countries that are preparing to go to an alternative currency.
Yes, gold is an alternative currency.
Bitcoin is an alternative currency.
And I do believe there are countries that are moving in all different directions.
Now, do I think one is better than the other?
Well, Bitcoin is electronic, is a little bit easier to use.
So when you're conducting commerce or you're getting paid, it works just like the banking system today, but it's not part of the banking system.
It's decentralized, but it's all electronic.
Gold is a little bit different.
It's a solid piece of material.
It's very difficult to carry around.
But the thing with gold, it's been around for a very long time.
It's been around for thousands of years.
And countries, they have used gold and silver as money.
Because it is money.
And I do believe that both of them is something that every single country is going to have.
Because if you look around the world, Countries now have fiat currency and they have gold.
Why would they keep gold if fiat currency was the currency that everyone exchanges?
Because they know in the long run, this gold and silver has been around for thousands of years.
And it's a confidence builder.
So when people talk about Bitcoin and they talk about gold, why does it have to be one or the other?
I don't believe it does.
I do believe that countries, they're going to hold gold still and they might use Bitcoin to transact business.
Because gold is a confidence builder and Bitcoin it's much easier to use.
It's decentralized.
The central bank doesn't control it and people would be happy with that.
Now can you attach gold in somehow some way to cryptocurrency?
Most likely yes.
So I do believe there is a place for both of them.
We have it today.
People still have fiat.
People still have gold.
The only difference is both of these will not be controlled by the central bank.
Both of them are decentralized.
If you separate them from the central bank system, you have a system that can operate and operate well, especially with Bitcoin, because that's completely decentralized and it's very, very difficult to control.
They've tried to control it, but they're running into problems and they like to have full control.
I'm talking about the central banks.
They don't like just to use the paper market.
They want complete and utter control over the alternative currency.
So think about when the central banks, they went off the gold standard.
They brought everyone into their fiat currency.
That was their currency that they controlled.
They printed just by pushing a button or printing back in the day.
And the gold was just off to the side.
All they needed to do was make everyone believe that gold wasn't worth anything and gold was only used for jewelry.
The central banks never really needed it.
It was never money.
Just look at the paper currency.
That's what they did.
So they had their system.
They just had to push everyone away from gold, which they did.
Today, if we go to Bitcoin, if we go to gold, which I do believe we are going to, the central bank, they're not in control of any of this.
So once again, they will not have their fingers in any of this because they are not in control.
They're not in control of Bitcoin, which means they're not in control of gold.
Because they weren't really controlling gold as an alternative currency.
They just wanted to push people away.
With Bitcoin, what do they want to do?
They want to make sure that nobody uses it.
But once everyone decides to use it, and they have gold as a confidence builder, This is going to be a major, major problem for them.
I mean, look at El Salvador today.
Think about what's happening down there.
Their economy is doing pretty darn well.
Argentina, you're going to start to see this all turn around.
Remember, Argentina has a 143% inflation rate.
Can you imagine when Argentina moves away from the private Western Central Bank?
Can you imagine when Argentina goes to a currency that is stable and decentralized?
What do you think is going to happen to the economy there?
People are going to see the economy like they've never seen it before.
Everything that the central bankers have done and the corrupt leaders have done in the past completely disappears and people are going to see something that they've never seen before.
They're seeing it in El Salvador right now and they're going to see it in Argentina.
I do believe this is going to spread across the world.
And once again, you can see that the central bankers, they're panicking over all this.
I do believe Trump and the Patriots, they have set this up.
They brought the central banks down this path.
They allowed them to think that they were in control and they thought this was the perfect time for the great reset, the Green New Deal.
And set it up where they will destroy their own system and Trump the Patriots will usher in a new system where the new system is not controlled by the central bankers.
And I do believe this is where we're headed.
This is where everything is pointing.
And you can see that the central bankers are going to be in trouble in the end.
And once the people wake up and once the people see this around the world, it's game over for them.
It's game over because they will not be able to control where this goes.
Because once the people see, once the people understand, once the people see the liars, they won't be able to fight against us.
Remember, to bring us into a new system, they need total and utter control.
Go back to the 1970s.
They had total and utter control.
We didn't have social media.
They controlled the fake news.
They were able to put out the information they needed to put out there to convince everyone that going off the gold center would just be temporary.
Don't worry about it.
And yes, they were able to do this.
Today's world is a little different, especially with the economy crashing, because now you can get the message out there without the fake news.
You can go around them.
You can use social media.
Now, yes, these central bankers, they're going to try to shut this down because they don't want the message out there.
They don't want people to realize what's really going on.
But again, this is not going to work because I do believe Trump the Patriots, they have backup systems to make sure that the message does get out there and they control the narrative.
The control of the narrative is the key.
And I do believe that the patriots, they're going to be bringing us to a place that the people have never ever seen before.
And once the people see an economy without a central bank system, the people are never going to want to go back to it.
Listen everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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