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March 31, 2024 - X22 Report
18:37
Ep. 3318a - Moody’s Sends Warning Regarding The Baltimore Bridge, Gold Is Now In Focus
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Hi, and welcome to You're listening to The Axe 22 Report.
My name is Dave and this is episode 3318A and today's date is March 31st, 2024.
And the title of the episode is Moody sends warning regarding the Baltimore Bridge.
Gold is now in focus.
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, the central bank, the world economic forum, as their agenda completely and utterly falls apart, the people around the world, they're starting to call out their installed politicians about what they are experiencing, what they're seeing, because the people, they're not stupid, they realize what's happening, they realize the economy's falling apart,
Especially out in the other countries like Canada, the UK, Spain, New Zealand, especially the emerging countries.
They understand that there's major, major problems.
And the people, they're starting to realize that, wait a minute, who caused all this?
Why do we have these problems?
Why is everything so expensive?
Why isn't my currency going as far as it should be?
Why can't I live?
And this is going to be the deep state's downfall, because remember, they never expected this to happen while people were awake.
They expected this to happen when there was a major, major event so they could blame everything on that major event, just like I do believe the Biden administration.
The fake news as the economy the internals of the economy deteriorate and this is what the people actually experience they're going to start blaming this probably on the bridge here in the United States but if you look out in Canada you can see that the people out in Canada they're having a very difficult time and the people they understand there's major major problems in the economy they can't afford things things are Completely out of their reach now.
And Justin Trudeau, he's finally admitting there are problems in Canada.
Wall Street Silver put this out on X and said, after eight years of his liberal government, Canadians will struggle to save money, pay bills, fuel their vehicles and own a home.
Canadians need to get rid of them.
The only question now is which country he will flee to in exile.
And yes, this is what the people are now experiencing.
Now, of course, is he going to say, well, it's because of my policies, this is why it's happening?
No, he's going to blame it on everything else.
But the people, they understand, they realize what's really going on.
And actually, his popularity, his seats that he has, it's all completely disappearing right now.
And this is going to happen across the world as the entire economic system completely and utterly falls apart.
And this is why we have many, many nations now moving away from the Federal Reserve note.
They're going back to their local currency.
They're going back to gold, making sure that they have gold.
And here in the United States, what's very interesting is that there are certain people that were requesting some information using the Freedom of Information Act request, trying to get information about the Federal Reserve and the gold.
And once again, the Federal Reserve is a private corporation, so I don't think Freedom of Information Act requests will actually work.
But we'll be talking about that in just a sec.
But what's very interesting is we can see that the central bank system, the system does not benefit the people.
And what it does is it puts every single country into debt, which means the countries now are beholden to the private West Central Bank and the people of those countries.
They're enslaved to the private West Central Bank.
And the central bankers, they realize that this is not enough.
We really need to actually control every aspect of the people's lives.
And this is why they're going after energy.
This is why they're going after the food source.
This is why they're going after the way we live.
Because they realize, you know something, it's not enough just to control the currency.
They thought it would be.
Hey, if we can control the currency, We can pretty much control the world, but they realize that, wait a minute, people still rise up, people still push back.
So that is our major problem that we have to tackle because we don't want people rising up.
We need to keep them controlled, contained.
And again, this is why they're pushing the Great Reset, the Green New Scam.
But in the end, this is going to fail.
But what you do see Is that most countries now, they are now in a huge amount of debt.
The Kobe letter on X put this out and said, since 1800, 51 out of 52 countries who have reached 130% debt to GDP ratio have defaulted.
According to the U.S.
CBO itself, debt to GDP in the U.S.
is on track to hit 130% for the first time by 2033.
In 2007, debt-to-GDP in the U.S.
was just 60%, and it was quickly doubled since then.
Currently, debt-to-GDP is at approximately 124%, which is higher than the peak of the World War II at 119%.
Since 2020, debt-to-GDP is up a whopping 20% after the government's massive borrowing spree.
Simply put, this is unsustainable.
And that is absolutely true.
And if you continue on this trajectory, the entire system is gonna completely and utterly fall apart.
And remember, on the way, it's not like everything is fine, and then all of a sudden everything falls apart.
People experience what is happening in the economy every step of the way, and it gets worse and worse for people.
So that's what people recognize.
That's what people experience.
I mean when you look at the economy today, it looks very very similar to 2008-2009.
And people are starting to see that, yes, we're in an election year, we're seeing the same exact signs that we saw back then, but this time it's a lot worse because of the amount of debt and what they have done to the economy.
The Kobese letter again on X put this out and said, personal interest payments are about to break above 2008 levels.
Personal interest payments exclude mortgage interest and have just skyrocketed 3% of personal consumption.
To put this in perspective, it was just 1.6% less than three years ago.
Personal interest as a share of personal consumption is rising more than 10 times as fast as it did in 2008.
We have inflation with record high interest rates on credit cards and auto loans.
Consumers are fighting inflation with debt.
And that's absolutely true and auto loan rates are now 10% plus and credit card debt rates are 25% plus.
This is a dangerous game to play and the people they're seeing that hey things aren't going the way they thought it was going to go.
Remember Biden is continually out there telling everyone Let's talk about protecting our wealth.
If you keep your money in the bank, listen up.
Your savings could be at risk.
The banking system is once again under extreme stress.
And after last year's banking crisis, the dangers are clearer than ever.
Car loans are defaulting.
Credit card debt is ballooning.
Commercial real estate is on the brink of collapse.
These aren't just red flags.
They are sounds of a financial ticking time bomb.
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Gold.
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And remember, there's always a risk of loss and past performance is not indicative of future results.
That inflation's under control.
Fuel prices are under control.
The economy is doing well.
But again, the internals, they're continually breaking down.
And the people, they know the truth.
Plus, the people know when you're gaslighting them.
And the people see the inflation.
Right now, the CPI inflation is up two straight months, four.
First time since September 2023.
PPI inflation nearly doubled year-on-year.
Highest since October 2023.
PCE inflation up in February.
First time since August 2023.
3M annualized super core highest since June 2023.
So how is the Fed going to cut?
I do believe they are going to cut because they have no choice because we're in a presidential election and they need to continually prop things up.
When everything starts to really fail and the market starts to Waiver, that's when they're going to cut one time just to pump it up right before the election.
But we'll have to see how all this plays out.
Now the other thing that's very interesting is that since the Baltimore Bridge came down, which is the Francis Scott Key Bridge, he's the individual that wrote the national anthem, the Star Spangled Banner, We're starting to get warning signs from all over the place.
The Baltimore Union warns of job loss since the bridge has collapsed right now.
And this is just going to get worse and worse.
And what's very interesting is that Moody is now warning that the bridge collapse is credit negative for Baltimore.
Because this is a huge shock to Baltimore.
Now Baltimore, remember they were supposedly getting billions of dollars from the Obama administration to basically build Baltimore back up and I don't think people are actually seeing that.
Who knows where that money went because we know there's a lot of money laundering.
But Moody's published a note that said a prolonged closure of the port would ripple through the local economy and could spark negative credit risk events for the city and state.
So the bridge collapse threatens to disrupt aspects of the state of Maryland and city of Baltimore.
The suspension of shipping traffic to the port of Baltimore will likely divert cargo to other East Coast ports, which may affect jobs, tax revenue.
And yes, it will, because we already hear from the union there that, yes, we're going to lose jobs because of this.
And think about it, the transportation of all goods now has to go all the way around because they don't have the bridge right now.
So yes, is this going to have a major, major impact on the economy?
And I do believe as we see the economy completely and utterly fall apart, I do believe the Biden administration is going to point to the Baltimore Bridge to say this is why we're starting to see these Anomalies in the economy.
Everything I was doing, he's going to say, was working perfectly until the bridge came down.
And now we're seeing, yes, fuel prices are starting to move up a little bit.
Inflation starting to move up a little bit.
But again, that's not because what I was doing.
It's because of the bridge.
Now, I do believe what they're doing is they're setting this up because when they have a change of batter, they can say, listen, Everything that was happening was working.
This is why the economy is falling apart.
But don't worry, we can put this back on track.
And I do believe this is the type of argument they're going to use when the time comes.
But again, is this Going to be believable by the people?
No, I don't believe so.
Because, remember, the economy was falling apart.
People were experiencing high inflation.
People were experiencing high fuel costs.
Remember, when he came into office, inflation was very, very low.
People had jobs.
Fuel was very, very low.
The country was energy independent.
And people saw a very big difference when he came into office.
And it happened very, very quickly.
Everything just shot up very, very quickly.
So people, I think, are Understanding, they're realizing and they're not going to believe this.
Now what's very interesting is that right now as the economy falls apart what do we see happening?
We see alternative currencies they are moving up.
I do believe we're going to see major surges in gold and in bitcoin and probably other metals and other things like land and I do believe this is going to continue as time goes on because as the economy implodes I was we see more inflation Yes, you're going to see these things move up.
Now, people are going to get very, very concerned right now because people want to make sure that the U.S.
has the gold.
And what's very interesting is that Fed Chairman Jerome Powell, he has evaded a sitting congressman's question about the Central Bank's foreign gold holdings.
And the Fed has also declined to comply with the Freedom of Information Act request for records about such holdings.
Now, again, The Federal Reserve is not part of the government.
The Federal Reserve is a private corporation.
So I don't believe the Freedom of Information Act request actually can be used on the Federal Reserve if it's a private corporation just like any other private corporation.
So right now the Federal Reserve is not being transparent because again it is a private corporation it's not part of the government and they don't want people to know if they have the gold or don't have the gold.
Now what's very interesting about this going back in time when Trump was in the White House they already started the process of restructuring the Fed into the Treasury and I'm wondering if maybe part of the restructuring gold was moved away from the Federal Reserve.
That's very interesting.
But Representative Alex Mooney asked Powell about the matter in December letter, only to have the Fed chair respond last month with an evasive non-answer, telling him that the Federal Reserve does not own gold, but holds it as a custodian for other entities, a fact that the congressman presumably already knew.
And the Federal Reserve, as we know, declined the Freedom of Information Act request.
So once again, if they were just a custodian, did the U.S.
take back the gold from the Federal Reserve?
Well, if we're going to restructure the country, if we're going to get rid of the Federal Reserve, I do believe the United States would have to take custody of the gold.
And I do believe, one way or another, I do believe Trump and the Patriots probably have the gold someplace.
Because once again, if you're going to put the country on the right track, if you're going to remove the Federal Reserve, you need to make sure that you can go back to the Constitution, which means you need to have sound money.
And I do believe with the combination of Bitcoin, combination of gold, I do believe this is where all this is headed.
And I do believe the Patriots put things in place to make sure that we're able to move to a sound money system when the Federal Reserve is completely and utterly destroyed.
And think about it.
We're watching inflation.
People now are starting to realize that the currency is continually losing value.
The people out in Canada are realizing, wait a minute, why am I paying so much money for food?
Why is it so expensive to live?
And this is...
What happens when the Federal Reserve System breaks down over time?
Because remember, the system is not designed to benefit the people.
The system is to actually steal the wealth from the people with all these hidden taxes and that's what inflation is.
It's a hidden tax and it transports the wealth to those people that are running the system.
I do believe Trump and the Patriots, they have taken this back.
And I do believe they kicked this off when Trump was in the White House and they began the restructuring.
So I do believe in the end, we'll probably end up going back to the Constitution.
We will use sound money.
And I do believe there's going to be a lot of countries that will be turning to Bitcoin because it will be very, very easy to bypass the SWIFT system and use a system that is outside of the private Western Central Bank system.
So I do believe, yes, I do believe countries are going to have their gold.
Yes, they're gonna probably have national currencies and they'll be able to use most likely the system that is on the blockchain which is Bitcoin because it will be very easy for them to transact business.
Instead of using the private, but the central bank system.
So if there are many, many countries outside of the SWIFT system, outside of the central bank system, what happens to the central bank system?
Well, people start to realize that we don't need it.
We don't need their centralized system where they have ultimate control.
And we do know that the central bank system, they're already implementing the central bank digital currency into their SWIFT system.
So I do believe this is the perfect opportunity to move away And I do believe everything is set up for countries to use Bitcoin and it allows countries now to use an alternative system where there was no alternative system.
And I do believe this is where all this is headed.
And this is just the beginning of it.
And we're going to see a lot more of this as time goes on.
And I do believe as the system completely and utterly implodes on itself very close to the presidential election, this is going to give the patriots an incredible amount of leverage.
And with this leverage, I do believe the people will go along with what Trump and the Patriots are saying, that we need to move away from this system.
We need to do something different because we're in a catastrophic scenario and we need to turn things around very, very quickly.
And I do believe the people will be with him at this time.
Listen everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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