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April 2, 2024 - X22 Report
19:44
Ep 3320a - Is The Fed Preparing A Deep Rate Cut To Keep Economy Propped Up, Alt Currency Will Surge
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I -
Hi and welcome you. - Hi and welcome you.
You're listening to The X-22 Report.
My name is Dave, and this is episode 3,320 AM.
Today's date is April 2nd, 2024, and the title of the episode is, Is the Fed Preparing a Deep Rate Cut to Keep Economy Propped Up?
Oh, currency?
We'll surge.
Let's talk about protecting your wealth.
Investing feels overwhelming right now, doesn't it?
So complicated, so many decisions.
But leaving your money in the bank?
Not great.
It's losing value every single day.
So, if it's stressing you out and driving you nuts, why not invest smarter with Noble Gold Investments?
Precious metals are simple and real.
There isn't a company on the stock market that it was around 2,000 years ago, but gold was.
It's always been there, through wars, disasters, and turmoil.
Reliable, dependable, and authentic.
That's why you can't go wrong with precious metals.
They've always had your back.
Noble Gold Investments, American-based experts, will show you how to set and forget your IRA or 401k.
You'll get a dedicated professional assigned to you.
No hassle.
No call centers.
This month, Noble Gold Investments is giving a free quarter-ounce gold standard coin with every qualifying IRA investment.
Go to noblegoldinvestments, that is x22gold.com to claim your gold coin.
That is x22gold.com or click the link in the description.
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 West Central Bank, the World Economic Forum, they are now in trouble because the people now see the internals of the economy completely and utterly breaking down.
And the people, they're not believing the narrative that the economy has been built up.
It's better.
And we're doing better than ever.
Because remember, going back to when Trump was in the White House, people see a very big difference.
Yes, Biden can talk all day and all night about how he brought inflation down, how he brought oil prices down, how the economy is better because he's creating jobs.
But you need to remember one thing that's very important.
He's talking about how he made the economy really bad with inflation, what, almost hitting 9% or so.
Fuel prices going to $5, $6 a gallon.
So he brought his highs down to where it is today, which is not good when you compare it to where Trump had it.
Trump had inflation under 2%.
He had fuel prices around $2 a gallon.
Some places they were under $2 a gallon.
So when Biden talks about, hey, look how much better inflation is.
Well, remember, he brought it all the way up to 9%.
Now he brought it down and it's still higher than Trump.
So the argument isn't working.
The people aren't buying what they're selling.
And that's why I do believe they needed the bridge incident to actually deflect and put everything onto the bridge saying that is the problem.
Because what do we see happening right now?
We see inflation picking up.
We see oil prices starting to move up.
And yes, they can announce that it's the economy is falling because of the bridge right now.
They got to wait a couple of months.
And they'll blame it on the bridge.
This way it makes it a lot easier to bring in the next person because now you have a cover story.
That's what the deep state, the central bank likes to do.
They like to have a cover story and blame it on everything else except themselves.
So when you look at house prices right now, house prices are declining and it's going to get worse as time goes on.
Actually, we're very close to 2008-2009 which means We're heading in that same direction.
Wall Street Silver on X put this out and said, medium home prices are in sharp decline according to the data.
And he's absolutely right.
When you look at it, we're very, very close to 1970, 2008, and here we are in 2024.
1970, 2008, and here we are in 2024, and we're very, very close to what happened when we had recessions.
And I do believe it's gonna get a lot worse as we get closer and closer to the presidential election.
And when you look at oil prices, well, it looks like they are now moving up and it's going to get a lot worse because, again, we know what's happening here.
They're trying to bring us into the green news scam.
They don't want to use fossil fuels.
We know that inflation is picking up.
And yes, this is all going to happen right before the presidential elections.
The Kobe letter on X put this out and said oil prices have officially broken $85 for the first time since October 2023.
Since the December 2023 low, oil prices are up over 25% as geopolitical tensions have escalated.
This comes as PPI, CPI and PCE inflation, all posted year over year, increases in February.
Demand forecasts are being raised and supply disruptions risks continue to rise.
Higher oil prices are simply just the new normal in the post-pandemic world.
The fight against inflation is far from over.
And yes, we're going to see inflation continually move up.
We're going to see oil prices continually move up.
And when you have both of them together, yeah, people realize there's major, major problems in the economy.
And throughout this entire period what do we see?
We see the top 1% they're getting wealthier and wealthier because the people below them are getting poorer and poorer.
The Kibisi letter on X put this out and said total wealth held by the top 1% of Americans is now at a record 44.6 trillion.
This means that the top 1% of Americans now control 30% of all wealth in the U.S.
In the fourth quarter of 2023 alone, the top 1% saw their net worth increase by $2 trillion as the stock market soared.
Since 2020, the wealth of the top 1% has risen almost $15 trillion.
That's a 50% increase in just three years, all as affordability has hit record lows.
The wealth gap is widening.
And yes, people are definitely realizing this.
They're understanding that there's major, major problems in the economy and people are seeing it all over the place.
If you look out in Canada, they're having a very difficult time.
They're having a little bit more difficult time than here in the United States, but people are still having a very difficult time here in the United States.
Remember, it happens out in Europe, out in Canada, the emerging markets.
It happens there first, and then it all comes back to the United States.
And I do believe in the end that people, well, they're going to see it all happen as we get closer and closer to the presidential election.
And when you look at the federal budget, well, It doesn't matter what they do at this point.
It's not going to make a difference.
Because what are they going to cut?
They're going to cut, what, $1 trillion?
They're going to cut $800 billion?
How long will it take to get everything under control?
Think about when corporations or even everyday people, their households, when you can't pay for the debt anymore, does it matter what you cut anymore or do you really have to default?
I do believe we're approaching that period of time where we have to default unless we can miraculously All of a sudden bring in huge amounts of currency to actually pay all this down.
So those are the two situations right there.
E.J.
Antoni put this out and said, I don't think we can inflate our way out of this by devaluing the dollar further.
comedies.
Most of the spending is on autopilot and will continue to grow out of control, even if Congress cuts discretionary spending to the bone.
I don't think we can inflate our way out of this by devaluing the dollar further.
Much of that mandatory spending is indexed to inflation.
We don't have the money for green energy boondoggles or more welfare or to pay off corrupt oligarchs in Ukraine or to give to Israel.
We don't even have the money to lend.
The bill is coming due and today's moves in the bond market indicate we have not much time.
And yes, it looks like things are getting worse and worse as time goes on.
Wall Street Silver responded to this and said, this graph really points out what a disaster our Congress is in their budget.
The mandatory spending in the budget, Social Security, Medicare and other social programs is growing and will consume 100% of the budget in a few years.
Congress is politically unable to change these programs.
Interest on the debt is also out of control.
It has to be paid.
Discretionary spending is defense and everything else.
Let's talk about protecting your wealth.
Investing feels overwhelming right now, doesn't it?
So complicated, so many decisions.
But leaving your money in the bank?
Not great.
It's losing value every single day.
So if it's stressing you out and driving you nuts, Why not invest smarter with Noble Gold Investments?
Precious metals are simple and real.
There isn't a company on the stock market that it was around 2,000 years ago, but gold was.
It's always been there.
Through wars, disasters, and turmoil.
Reliable, dependable, and authentic.
That's why you can't go wrong with precious metals.
They've always had your back.
Noble Gold Investments, American-based experts, will show you how to set and forget your IRA or 401k.
You'll get a dedicated professional assigned to you.
No hassle.
No call centers.
This month, Noble Gold Investments is giving a free quarter ounce gold standard coin with every qualifying IRA investment.
Go to noblegoldinvestments, that is x22gold.com to claim your gold coin.
That is x22gold.com or click the link in the description.
And remember, there's always a risk of investment and there's no guarantee of any kind.
It is going to get squeezed out.
And yes, this system that we're in today, that the central bank created, it does not work.
It breaks down over time.
And that's what people are seeing right now.
And yeah, it's getting worse and worse.
And actually, Balaji put this out on X and asked a simple question.
How do you go bankrupt?
Gradually?
Then suddenly, Elon Musk responded to that and said, yep, that's how it works.
And that's exactly how it's going to work.
But as we get closer and closer to the presidential election, you know, the Deep State, the Central Bank, the World Economic Forum, they got to pump everything up just to keep everything working.
But I do believe the slush fund is going to run out right before the election.
It's amazing how that is timed perfectly.
And we know that the Fed They're going to have to do something to prop the entire system up so they can actually fool the people into thinking that the economy is doing a lot better than it really is.
And I do believe they're prepared and ready to do this.
Actually, out of Yahoo News, they had a story that the Fed Their cuts will be deeper than the market expects when they begin.
So they increase the rates very, very quickly.
They're going to have to cut very, very quickly.
And I do believe they're going to do this to actually try to prop up the market the best I can because if their slush fund is running out and the market's going to take a dive, they're going to need something to actually try to prop it up.
And they're going to have to give banks and everything else easy money by allowing them to borrow at very, very low rates.
So I think they're going to cut quite a bit.
They're going to tell the banks, listen, we need you now to pump up the market just enough to make it over the presidential election.
And even if they postpone the presidential election, they'll probably try to blame it all on Trump anyhow.
So right now, the Federal Reserve, it looks like they're going to do something out of the ordinary.
And John Hancock Investments Management Co-Chief Investment Strategist Emily Rowland, well, she said the following.
One thing that's a little bit different than what you may be hearing is that once the Fed does start to cut, We think those cuts are going to be a lot more severe than investors anticipate.
In fact, if you look back at the last five Fed rate cut, cutting spending cycles, the Fed cut on average 17 times.
Usually there's something wrong when the Fed is cutting.
So that's something we would be thinking about as investors today.
So if you look back in 2006, 2007, they raised their rates very high, took them a while.
I think they started in 2004.
I think they peaked around 2006 or so, late 2006.
And then when they cut the rates, they cut them drastically.
And they cut them really, really deep.
And they brought them down very, very quickly.
Which I do believe they're going to do the same exact thing.
They're going to do the same thing to try to pump everything up.
But I think in the end, The way everything is today with the amount of debt and everything they've been doing.
I think this is going to backfire on them and it's not going to work the way they think it's going to work.
I think they're going to crash the market now.
We might see it pump up and then we might see it drop down.
We might see a dead cat bounce, but I do believe in the end.
It's going to crash because remember if they're going to do this in August September.
They're going to try to pump this up because, remember, this is the last leg of the election and I don't even think Biden's going to be running in this election.
I do believe they're going to have that change of batter come in and this way the change of batter is going to say, hey, look, the market's because of what we're doing right now.
The economy's falling apart.
That's because of the bridge.
But don't worry, we can build this up.
We can do what we need to do to get the economy rolling again.
And I do believe they're going to try to do all of this to make it look good.
But in the end, I do believe it's all going to fail and it's going to completely and utterly backfire on them.
But one thing for sure...
Is that if they decide to do this, we most likely will see gold start to surge and gold prices, they surge to a record high of 2200 or so an ounce.
And central banks right now, they're buying gold at a record pace.
So if they're going to make a rate cut, which they did in 2006, 2007, going into 2008, what happened when we hit?
What happened when the market came down and we hit the recession, all of a sudden gold started to shoot up.
Remember when it hit like 1900 plus?
Then the paper market, the Fed, the deep state players, they used the paper market to bring the gold price way, way down.
So I do believe this time around they will completely and utterly lose control and gold will most likely surge.
And I think Bitcoin is also going to surge.
I think the alternative currencies, even silver and other things, they're going to surge like crazy because people they're going to look for a safe haven.
Because once they see this happening, they're going to start to realize, yeah, there's a major problem here.
This doesn't look good whatsoever.
And you can see it's already happening with gold.
It's already happening with Bitcoin.
And yes, will the deep state players, the central bank, will they try to regain control over all of this?
They will try, but I think it's going to be too late for them.
And I think everything's going to be completely out of their control.
And I think this is when Trump and the patriots, this is when they're going to use this leverage to their advantage.
Remember what Trump has been saying?
He's going to be turning this entire economy around.
We're going to drill like crazy, which means we're going to actually have a huge influx of cash coming into the United States.
And I do believe that is what's going to save the economy.
From completely and utterly crashing.
And I do believe by him changing the regulations, actually removing the regulations and making deals, I do believe he's going to be able to bring industry back very, very quickly.
And I do believe he's going to do all of this and then tell the people, listen, we were able to get the economy to bounce back right now.
And what we need to do is we need to take this to the next step.
And I think the people at this point in time, they will be completely with Trump Because they know who the liars are.
They know who's been gaslighting them.
And they know that the Fed, the Treasury, the Biden administration, they're the ones who actually crashed the economy.
And this is not just going to happen here in the United States.
This is going to happen worldwide because the rest of the countries, they're going to be looking at the United States.
What direction is the United States going to go in?
What are they going to do?
And I do believe once they see the direction of the United States and the direction that Trump is taking and the people are taking, this is when the rest of the world is going to follow along.
They're not going to listen to their installed leaders.
They're going to actually start to make major, major changes in their countries, just like we've seen in Argentina, just like we're seeing it out in El Salvador.
Now we're seeing that Canada is now making moves and Working against Trudeau, we see out in Turkey, we see the people in Turkey are now pushing against Erdogan and I do believe this is going to continue because we see it in many other countries.
We see it out in the Netherlands, we see it in France, we see it in Spain and I do believe this is going to continue and as this continues the world is going to change and I do believe the world is going to be with what the United States does, what Trump does and By having the world with the patriots, I do believe we will be able to move away from the Private What's the Central Bank and in the end actually destroy the Private What's the Central Bank system.
And I do believe the people are going to see a world that they have never seen before.
I mean, if you were alive before 1913, you might have seen it.
But I do believe people are going to see an economy like no other economy.
And people are going to say, wow, why did we even have a central bank?
Why did we allow them to do this, to keep us in debt, to keep us poor, to keep us working, to keep us enslaved in their system?
Because I do believe when the people see this new economy, they're never, ever going to want to go back To the central bank economy.
And this will be the end of the central bank.
Now that doesn't mean down the line they will try to come back.
Because remember, the deep state players, yes, we might get rid of them.
They might hide in the shadows.
But eventually they always make their way out of the shadows to try to take over.
And this is why we have to tell the story over and over and over.
Where people must understand that never ever allow the central bank.
Now when we tell the story we can say listen United States...
We had the first central bank.
Congress didn't renew their charter.
We had a second central bank.
Andrew Jackson ran on the platform of getting rid of it.
We had the third central bank and President Trump destroyed the third central bank.
So that should tell you everything you need to know.
We had three of them and each time we had to get rid of them to make the economy great.
And I do believe when we tell this story, And we explain why the central bank doesn't work.
I think the people will get it.
They'll understand it.
And we need to keep that story going over many, many generations.
And I do believe we can do this and we can keep the central bank back.
But first, we got to get out of it.
And I do believe we're in the process of doing this right now.
Listen, everyone, thanks a lot for listening.
Be well, be safe and especially be prepared.
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