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Jan. 28, 2024 - X22 Report
18:26
Ep. 3269a - Yellen Says The Economy Is Great, Dimon Says Economy Speeding Towards A Cliff, Truth
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Hi, and welcome you.
You're listening to The Axe 22 Report.
My name is Dave and this is episode 3269A and today's date is January 28th, 2024 and the title of the episode is Yellen says the economy is great, Dimon says economy's speeding towards a cliff.
Truth.
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Let's get right into the economic collapse financial news.
Now the deep state, the corrupt politicians, the private ones, the central bank, the World Economic Forum, as we continue to go throughout this entire year, you could see the message.
Well, it's starting to get.
Confusing.
Because we have the Treasury Secretary Janet Yellen.
She is out there letting everyone know that the economy is absolutely fine.
We're heading towards a soft landing and she's letting everyone know that this year the economy is going to be doing great.
And on the other side you have others saying yeah you know something we're running into major major problems.
It looks like the economy is going to crash.
We're going to go off the side of the cliff.
That's exactly what Diamond is saying.
And we could see now that the narrative now Is not being held by all parties.
We're starting to see a split and we're starting to see individuals take sides.
Now, of course, what's going to happen is that the Biden administration, the Fed, the Treasury, they're all gonna be on one side of it.
Then you're going to see the others who are actually looking at the data, looking at the economy, looking at exactly what's going on, and they're gonna be on the other side because those individuals, they're looking at the real layoffs.
They're looking at the job creation.
They're noticing that the jobs haven't been created.
They're looking at the debt and they're realizing, yes, the Biden administration is continually spending and spending and spending, which is going to add to inflation.
And as fuel costs continually rise, this is going to add to inflation.
What is happening out in the Red Sea with shipments and those are rising, that is going to add to inflation.
And these people are starting to understand and realize that the economy is heading towards a crash.
Now, the Fed, they can protect Biden all they want.
They can pump everything up.
They can keep the stock market up.
They can do whatever they need to do.
But once again, in the end, all of this will fail because when the internals of the economy really start to fall apart, you will not be able to hold it together.
And even if you do, Those people that are losing their jobs, those people that aren't able to make ends meet, and that's going to be a lot of people.
Those people understand what's really going on.
Those people, they're experiencing it, and there's nothing that the Biden administration can say.
There's nothing that the fake news can say there's nothing that the fed can say to convince them otherwise you can gaslight them until next year it won't make a difference the people they will feel it now of course what they're going to try to do and this is what they've always done in the past they want everyone looking at the stock market look at the stock market The market's doing well.
That means you're doing well.
Well, remember, there's not as many people in the market as they like you to believe.
And once again, the people who are just making ends meet, have their jobs, where they can barely pay their bills, they see something very, very different.
And you're starting to see a separation now.
And I do believe this is going to continue as we go throughout this year.
And it's going to get wider and wider and wider.
Because again, the internals, what is happening in the economy, affects the real people of this country.
The stock market and everything else is the illusion that they need to keep up.
And I think in the end that people can see the difference.
Just like they're seeing the difference with the amount of debt that the United States has taken on.
I remember going back in time when people said, oh yeah, don't worry, we could take on as much debt as we ever need.
It makes no difference whatsoever.
Really, just think about your household.
Can you take on as much debt as you want without repercussions sometime down the line?
No, you cannot.
This is why the private was essential bankers.
This is why they finally said this is the perfect time for the Great Reset, the Green New Deal, when the plandemic was released on the public, because they knew eventually what was going to happen is that with all this debt and everything that's happening with their illusionary economy, they wouldn't be able to keep it up for much longer.
And they knew if they started the ball rolling right now, well, they would be able to actually bring down the entire system, control it, and Control everyone going into their new system.
But as they started the process, Trump the Patriots, they countered all of this.
And now people can see the truth and people see the debt continually rising.
And with interest rates moving up, this is going to be very difficult and tax receipts moving in the opposite direction.
How do you pay for all of this debt?
You can't.
And that is going to be a major problem as we move forward.
Because remember, the debt is not slowing down.
And if there's more debt, there's more stimulus, there's more everything, that means you're going to see inflation.
Wall Street Silver on X put this out and said, in 2023, the debt grew by $2.58 trillion or by 8.2%, a gigantic surge, especially during non-recessionary times.
This spending of borrowed money also represents a huge amount of fiscal stimulus handed to the economy, and it's practically impossible to even have any kind of slowdown, much less a recession, with this kind of fiscal stimulus washing over the land.
Over the past four years, the debt grew by 46.5%, while the economy grew only by 27.6%.
And that's absolutely true, and this is a no-win situation.
The problem now with the central bank system is that they're trapped in their own narrative because they thought people would be shut down, people would be afraid, the supply chains would dry up and we would have major problems.
Once again, they thought all that was going to happen, but it didn't.
This time around, as we approach war, we can see they're hoping for the same exact thing.
They're hoping that the supply chains start to dry up.
What do I mean by that?
Well, think about the shipping that's happening out in the Red Sea.
Soon, we're going to see the repercussions of all Of what is happening out in the Red Sea.
We're going to see the price increases.
We're going to see some shipments aren't coming in.
We're going to see certain things start to dry up.
And this is exactly what the Deep State players want.
Because remember, in the end, they need to cover up their entire economic system, which is imploding.
They do not want it blamed on them.
They want it blamed on other type of events.
Because they need a cover story to cover up their system imploding.
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So once again, they're going to build this up and build this up and in the end, I think the people, they're going to realize that they're the ones who are causing all these problems.
Actually, if you look and you step back and you look at the economy, you look at what's happening with the fuel prices, with inflation, I think people could start to realize and understand that they're the ones who have been causing all these problems.
And these same people, they've been causing the problems of debanking, where All of a sudden accounts are shut down, accounts are frozen, and we've been seeing this in the United States, other countries, and Canada.
Remember when Trudeau came in and decided to freeze bank accounts?
Well again, the court system in Canada said this was completely unconstitutional.
That's what a tyrannical government does.
They freeze people's accounts.
But look, They were experimenting and they knew that they needed to shut people up and the only way to do it was to actually force them to shut up.
So what did they do?
They went ahead and they shut people's bank accounts.
Actually, that shows you everything they want to do in the future.
If they were shutting these people up because they were speaking out against Trudeau, What do you think the central bank wants to do in the future when they take control?
They want to control what you say.
And to control what you say, well, they need power over your finances.
They need power over your social media platform.
They need power over everything.
And I think that shows people the truth right there in the United States.
The same thing was happening.
Those people that were talking about election fraud, those people that were talking about COVID, what happened to them?
A lot of people's PayPal accounts were shut down.
A lot of banks shut their accounts down.
The same thing was happening.
And what's very interesting, we saw a lot of people being debanked.
And yes, that's a real word.
But SNL, they decided to make fun of Trump Because he actually mentioned the word debanking and he says that, you know, we can't allow them to debank the people.
And Wokeness put this out and said, SNL did a segment mocking Trump for using the word debank.
Trump introduced an interesting new term, debanking.
I don't know what the hell debank even means.
This is what happens when you live in your own echo chamber.
Not one SNL writer or audience member realized that the debanking is a real thing actually happening to the right.
Candidate did it to the truckers.
JPMorgan is doing it to conservatives and Christians.
It was done to January 6 protesters.
All it takes is a simple Google search.
Debanking is real.
And that's absolutely true.
So what is debanking?
Debanking is the process where a bank closes all of customers accounts Such that the customer can no longer operate them.
So once again, Trump was telling the truth and they're trying to make it seem like, oh, this is, you know, crazy talk.
But again, this is what the Central Bank does.
This is what the Deep State players do.
They pretend that all this talk is just crazy talk.
It's conspiracy theory!
In reality, people have seen this happen.
In reality, it is real.
I mean, I remember going back in time when they said that, oh, the Great Reset, that is a conspiracy.
Well, it turns out it is absolutely true because they're the ones who mentioned it after they told everyone it was a conspiracy.
But you could see the messages on the economy now.
They are now taking opposite sides.
So narratives are being formed.
And you have the Biden administration, the Fed, the Treasury.
They're on one side with their narrative.
And this is what Janet Yellen says.
Janet says that 2024 is going to be a very good year for the economy.
So she's letting everyone know we're heading for a soft landing.
The economy is going to be great.
Nothing to worry about.
And then on the other side, we have JP Morgan CEO Jamie Dimon saying the U.S.
economy is speeding towards a cliff as debt continues to mount.
Now, I do believe what's going to happen, and we said this before, is that the Biden administration, the Fed, the Treasury, and the rest, anyone that's behind Biden, they're going to tell everyone that the economy is fantastic.
Everything's fine.
Nothing to worry about.
And we're going to do even better.
We're going to create jobs and anything else that you're seeing, you know, if you can't pay your electric bill, if you can't pay your gas bill, well, you're just imagining that.
That is not really what the economy is doing.
The other side, you're going to see a lot of people come out and say, you know something, I don't know what Biden's talking about, especially Trump.
Trump's going to be coming out, letting everyone know that the economy is failing.
The economy is not doing well.
The market actually isn't going to be doing well.
I do believe the market is going to have a major correction.
I do believe that's going to be coming very, very close to the presidential election.
And you're going to see a lot of people saying that Biden has no idea what he's talking about.
Those people that are working for him, like Janet Yellen, the Fed.
Yes, I said the Fed.
They're all going to be saying that these people, they're just gaslighting us.
They have no idea what they're talking about because every day I experience this.
It's almost like the border.
People see what's happening in the border.
The people see the people coming over the border and the people understand that this is not good for America.
And they realize that they're using up their resources, using up the money.
But again, we have those people that are trying to gaslight everyone, but the people aren't buying what they're selling.
Just like with the economy, the people, when you experiencing it firsthand and you understand that, Hey, there are problems.
I see it.
I got my friend here.
They just got laid off.
I know my cousin just got laid off.
They can't find a job.
They're having a very difficult time making ends meet.
I know someone who has a job over here, but they're not getting a raise.
Everything's continually moving up and they're having a very difficult time.
You see, the people, they see the difference.
The people, they understand what's going on.
So we're going to see a huge separation as we go throughout this year.
And yes, there's going to be a lot more people that are going to look to protect themselves.
A lot more people are going to say, I see something's going on with the fiat currency.
The value of the currency is continually declining.
I must do something to protect myself.
I must hedge against all of this.
And you can see, yes, right now you have people going into the market, but I do believe once we see little corrections, people are going to get very, very nervous and people are going to start to remove some of their funds out of the market and move it into other places.
And I do believe this is going to accelerate as we go throughout this year and more and more people are going to look to actually protect themselves.
Because once again, you're seeing inflation, not just here in this country.
Actually, this country, you're not seeing it as bad as other countries.
If you look around the globe, inflation is really rearing its ugly head and it's going to get a lot worse.
And yes, it will come back to the United States.
And yes, it will accelerate.
But again, when you look around the globe, you could see that people are really struggling and especially the emerging markets.
They're seeing inflation at 100%, 110%, 180%.
And this is going to continue.
It's not going to disappear until the people can't take it anymore.
And the people say enough is enough.
Our money is worth absolutely nothing.
Why do you think the people in Argentina said enough is enough?
Why do you think the people in El Salvador said enough is enough?
Why do you think the people in the Netherlands are saying enough is enough?
Why do you think the people are rising up all over the place, Germany and the other places, who are saying enough is enough?
Because when you take all these factors and you start to put them all together, the people say, you know, something, yeah, you could tell us whatever you want to tell us, but everything that you're doing is hurting us.
And I do believe there's going to be a lot of people ready to move away from the private West Central Bank in the end.
And we can see that we are definitely heading in that direction.
And as we go throughout this year, and as they continually lie to us, no one is going to believe them anymore.
All credibility is going to be lost and people are going to start to say, you know, something gold seems like a very good alternative.
Bitcoin seems like a very good alternative.
Actually, anything outside of the private Western Central Bank is a good alternative.
Listen, everyone.
Thanks a lot for listening.
Be well, be safe, and especially be prepared.
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