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April 3, 2024 - X22 Report
20:57
Ep 3321a - Oil Reserves Will Not Be Refilled, One Rate Cut Is Now Predicted, Economic Backfire
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Thank you.
Hi and welcome to the show.
You're listening to The Axe 22 Report.
My name is Dave, and this is episode 3,321 a.m.
Today's date is April 3rd, 2024, and the title of the episode is Oil Reserves Will Not Be Refilled, One Rate Cut Is Now Predicted, Economic Backfire.
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 in an 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 Western Central Bank, the World Economic Forum, their entire agenda is completely falling apart around them.
And they tried to push their entire green news scam, and they tried to push it on the American people, not just the American people, but they tried to push it around the world.
And the world has been fighting back.
Remember, if the people do not demand it, no matter how much you push, no matter how much you force someone to take something, the people aren't going to take it.
Because when they realize, hey, wait a minute, this isn't a product that we need, and this product doesn't perform the way we thought it was going to perform, well, the people are going to reject it.
And that's exactly what we're seeing with EVs.
And we could see the Deep State, the Central Bank, the World Economic Forum, they're having a problem with this because how dare the people say absolutely not to what they're trying to do here.
Remember, the people didn't come out and say, you know something?
You know what's a really good idea?
We all need EVs.
We should go all electric.
That's what we need.
The people didn't demand it.
This is their push on the people of this world and we know that this push is not actually going to give everyone an electric vehicle.
What they really want in the end is everyone to have absolutely nothing and they want everyone to live in a smart city.
So this entire push is falling apart and you can see Pete Buttigieg, he's getting pretty angry at the American people and he doesn't understand why the people aren't purchasing these electric And he tries to compare the electric vehicles to landlines and cell phones.
Well, once again, no one pushed a cell phone on the people.
The people, they still have landlines.
You can choose.
Would you like a cell phone or would you like a landline?
You can have both if you'd like.
What they're doing right now is they're trying to push just one thing on the people.
And that's their electric vehicle.
But the people on the social media platforms, they actually pushed back against this.
We have Matt Whitlock.
He said, this is the problem.
Democrats think EVs are to gas-powered cars what cell phones were to landlines.
In reality, EVs are to gas-powered cars what Fry Fest was to music festivals.
Sounded cool, had potential, but was built on false promises and artificial market forces.
Joe Concha says this, having a landline costs a fraction of a fraction of a fraction of what an electric vehicle costs on average.
Otherwise, great analogy from the smartest guy in the administration.
Noam Bloom says this.
Okay, but you actually had reasons why cell phones were better than landlines.
What's your argument in favor of the EVs other than they're newer?
And they're absolutely right.
And it goes on and on and on and people continually hit against his entire narrative.
And you have to remember his comparison between landlines and cell phones.
Landlines still exist.
Corporate offices, they still use landlines.
People still have landlines.
They didn't disappear The people said, you know something?
I might keep my landline.
Because remember, when the cell towers go out, you know what normally works?
When the power goes out, you know what normally works?
Landlines.
And people, they still have them.
What's different here is the government saying, you will not use gas-powered cars anymore.
You will do what we say.
You will accept the EVs no matter what.
They're not saying, listen, you could choose.
Take an EV, take a gas-powered car.
You make the choice.
You see, they don't want people making the choice.
You know why?
Because the people aren't going to go along with their plan.
Just like when the Affordable Care Act came out, what did they do?
They said, you must take this.
If you don't, you're going to be penalized.
This is something the government should not be involved in.
But if you're a tyrannical government and you're trying to push your agenda, yeah, this is what they do.
And I think people can see this very, very clearly.
Just like they're seeing what's going on in California.
Remember, California, they said, we're going to give everyone a $20 per hour increase in the minimum wage.
And this is going to be fantastic.
So all the fast food restaurants, we're going to tell you, you got to give everyone $20.
Now here we are again, the government telling businesses what to do.
What do you think the businesses were going to do in the end?
They were going to lay off people and raise the prices.
This doesn't fix anything.
And actually, when you look at California and you look at what happened, restaurants did exactly that.
They got rid of people and they increased their prices.
And Woken has put this out and says, here we are, March 29th prices.
Double-double, it's $5.65.
Now a double-double is $5.90.
Cheeseburger, $3.95.
Now it's $4.10.
Hamburger, $3.50.
Now it's $3.80.
And this goes on and on and on because they had to raise the prices because how do you pay for the people?
Other places said, you know something?
This person's going to have to do the work of two people.
And this is how they get around it.
Again, this is not going to be a fix.
They're just trying to keep the people happy so they can get the votes.
And will this work in the long run?
Absolutely not.
Now, the other thing that's very interesting is we could see there is some type of problem with the bird flu again.
And now we're starting to see the largest U.S.
fresh egg producer, they're halting production at a Texas plant after the bird flu found in chickens.
About 1.6 million laying hens and 337,000 pullets were culled.
So you're going to see egg prices start to move up.
And people are gonna go, "Holy crap, "this is becoming very, very expensive." And the people in this country, especially the young generation, Gen Z, they're realizing, yeah, everything's very expensive, it's very, very difficult to make ends meet, and it's becoming harder and harder for them.
Now, once again, this generation, they've been sold a bill of goods that, "Hey, you don't have to work hard, "you don't have to do certain things." Well, if you go back in generations, yes, people worked hard.
They worked 95 or even longer than that.
And they made their money.
And people today, they're complaining about that.
And this is the young generation.
And again, what they're seeing is something a little different.
Going back in time, when you looked at when people worked hard, they actually were able to earn the currency and they would have enough to actually live their life.
Actually, if you go back in time, you only needed one person in your family working and you were able to raise a family of three or four.
You're able to have a car.
You're able to have a home.
Today, it's very, very difficult.
And what's happening right now because of the inflation that we're seeing and we're starting to see everything break down, Gen Z now is revolting against the Democrats.
They're losing the young generation because binomics is failing and they can see this very, very clearly.
They're not fooled by it whatsoever.
And These young people they're taking to TikTok saying this is not good something is wrong here and the new Gallup poll of 18 to 29 years old validates the Biden administration which seemingly cares more about illegal aliens and the LGTBQ and whatever other letters there are And they really don't care and the Biden administration really doesn't care about the young American person.
And people are starting to see this.
Actually, when you start to look at the poll here, you could see a very, very big difference.
This is coming from Bloomberg.
Percentage of voters who list economy as top issue by age.
2020, 11% and that was 18 to 29.
They thought, yes, back then the economy was the top issue.
Only 11%.
Only 11%.
Fast forward to 2024, that same age group, 18 to 29, 47% believe this is the top issue.
That tells you everything you need to know.
And the Biden administration, because of all their policies and everything they're trying to do, where they're trying to bring us into the Great Reset, the Green New Scam, it is not working in their favor.
Their entire agenda, the World Economic Forum, the Central Bank, the Deep State players, their entire agenda is completely collapsing around them.
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 Noble Gold Investments, 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 in an investment, and there's no guarantee of any kind.
And remember, Biden said, hey, don't worry, I know I'm taking from the Strategic Petroleum Reserve.
I need to do this because the fuel prices are going up way too fast and I can't let people see that, hey, I lost control here.
So what I got to do is I got to use the Strategic Petroleum Reserve, which Trump filled up.
I need this to counter the price.
But don't worry, I'll fill this up much, much later.
Well, much, much later is here today.
And is he filling it up?
Absolutely not.
Why?
Because fuel prices are too high.
So remember, the Strategic Petroleum Reserves, this is for if we're in a war, if there's a disaster and we need this oil.
Now we don't have this oil.
Why?
Because Biden drained the U.S.
Strategic Petroleum Reserve to its lowest level in 40 years.
So now they're not purchasing anything.
So the United States, we're in a very tough position right now.
Everything that Trump did, Biden has reversed and made the country worse.
And you know what?
The people are seeing it.
And as we get closer and closer to the presidential election, what do you think the economy is going to do?
Well, we're seeing fuel prices tick up.
We're seeing inflation tick up.
The younger generation is saying, yeah, this isn't working.
The economy is awful.
Increasing minimum wage isn't working either.
So what are they going to have to do as we get closer and closer to the presidential election?
Because the economy is going to completely and utterly implode on itself.
Yes, they're going to blame the bridge.
They'll use that later.
And they're going to try to pump it up the best they can to make it seem like, oh, if it wasn't for the bridge, the economy would be fantastic.
But I do believe this is going to backfire on them.
Remember in the very, very beginning, they said, oh, yeah, we're going to have six rate cuts.
It reminds me of the IMF when they say, oh, yeah, GDP is going to be like seven percent.
And what they do is they Lower it nine times all the way down to two percent.
Well, it feels like they did the same exact thing.
Oh no, we're going to rate cut six times.
Okay.
Nope.
Four.
Oh, three, two, maybe one.
Genevieve Rochdichter put this out on X and said, Fed Atlanta President Bostic reiterates he expects only one rate cut this year in Q4.
I agree with him.
There will not be a rate cut in June.
Economy is too strong.
Is it too strong?
Or is it an illusion of strength?
It is an illusion of strength.
And if the economy was so great, they'd be lowering it right now.
Everything would be great.
But why are they waiting to the fourth quarter?
That's very interesting.
What's very close to the fourth quarter?
Oh, that's right, the election.
So I do believe what they're going to do is they're going to put this off to the very, very end.
And it's going to be a complete and utter disaster for the deep state players, for the World Economic Forum, the central bank, because it's not going to work out too well.
I do believe we're going to see the market come down.
And yes, it might bounce back up, but I think we're going to see a crash.
And actually, Trump and the Patriots, they're going to use this leverage in their favor to show everyone everything that the Biden administration has done.
The central bank, it did not work.
It destroyed the system that Trump Propped up with lowering inflation, making the country energy independent, placing tariffs on different nations like China and Europe.
And actually, just from a couple days ago, we know that the people are all for tariffs now.
Isn't that interesting?
They were against tariffs when Trump said, we got to put tariffs on China and Europe.
Now people are all for tariffs.
Actually, this is what our founding fathers did.
They used the tariffs to fund the government, not people's income.
And I do believe we need to go back to that.
We need to get rid of all these taxes.
And remember, the only reason we have these taxes is because of the central bank.
Once the central bank was implemented, all of a sudden we started to get all these different types of taxes.
And people were making less and less as time went on.
And we need to go back to the model that the founding fathers put together, because this would make this country absolutely incredible.
Trump and the patriots, they know this.
And this is why they're destroying the central bank system in this fashion.
They're allowing them to be front and center, allowing them to try to bring us into the great reset, the green news scam, allowing them to destroy their own system because the optics are absolutely incredible.
Why should Trump take the blame?
Actually, what Trump needs to do is let them destroy it, which he's letting them do, and then step in and go, look what they did here.
They destroyed the economy.
They told you everything was going to be great.
They lied to you from day one.
I can come in and remember what I did.
I had very low inflation.
We were energy independent.
This time, what I'm going to do is I'm going to make it even better than it was back then.
Because if we just do these couple of other things, maybe get rid of the central bank drill.
Actually, we move all the regulations all at once, bring industry back to the United States, place tariffs all over the place.
We can have this country up and running in no time, and it'll be something that people have never seen before.
And I do believe that's exactly where this is headed.
And remember, they've been telling us, and I'm talking about the Deep State, the Central Bank, the World Economic Forum, they've been telling us that, don't worry, there's a soft landing coming.
Everything is fine.
Doesn't matter how much debt we have.
It's perfectly okay.
Well, just take your Family life, just take your personal finances.
If you keep adding more and more debt and you're making less and less, is this sustainable?
No, it's not.
And what's very interesting is that Bloomberg, they ran a million forecast simulation on the U.S.
debt outlook.
88% of them show borrowing on an unsustainable path.
So are we headed towards a soft landing?
Well, I don't think so.
Once again, Janet Yellen is gaslighting the people.
Remember when she told everyone that don't worry about the inflation.
It's transitory.
It's going to go away in the summer.
It never went away because if you look at the central bank system, inflation is built into the system.
It's almost like Twitter.
When they built Twitter, they built it using the code to censor people.
When they created the central bank system, the system was to do what?
It was to enslave the people.
It breaks down over time.
They steal your wealth.
They give it to the 1%.
And inflation is automatically built into it because when you are no longer pegged to gold and you go full fiat, The inflation, which is the devaluation of the currency, happens no matter what.
They can say it's 0.001%.
It's still going to be there.
And it's cumulative.
It's not per year.
So when they tell you it's 2%, yeah, it might be 2% for that year, but we're at 3000% inflation.
Because if what they're saying is absolutely true, that it's been only one or two or three percent, then we can go back to 1971 prices.
How come we can't?
Can we go back to 1980 prices?
How come we can't?
Because it's cumulative, that's why.
Yes, in the world, manufacturing has gotten cheaper.
They found better ways to Manufacturer goods and that lowered the price, but that has nothing to do with the central bank system.
Actually, those prices on those goods would be even lower if we didn't have the central bank system.
The one thing that they can't control is food and yes, college tuition and everything else, but food is a huge indicator because again, Food, you have to grow it, you have to wait, and you have to harvest it.
That's why they're trying to create all these goop and gop things where they say it is food but it really isn't.
Because those things, they can control the price, they can bring the price down because it's all artificial, it's created, it's manufactured, just like a TV.
And I think now people see the huge difference in how the central bank system completely breaks down and inflation continues on.
And this really hurts the people.
I mean, look at the people out in Canada.
I mean, when they go food shopping, the prices are just completely outrageous.
I don't even know how the people up there are doing it right now.
And if you look at Turkey, if you look at Argentina, if you look at many of these countries, they're all out of whack because inflation is just skyrocketing all over the place.
And I do believe Trump and the Patriots, they needed this entire system to come down because the optics would be on Biden.
It would be on Obama.
It would be on the Fed, be on the Treasury.
It would be off of him.
He would come in and say, look what they've done here.
They destroyed our economic system.
And they destroyed the dollar, which is really the Federal Reserve note.
I can repair all this.
I mean, when I was in the White House, we had inflation under 2%.
When I was in the White House, we were energy independent.
Fuel was around two bucks, some places a little bit lower.
When I was in the White House, we had tariffs on different countries.
I was giving the money to the farmers to help them.
So this way they can grow food and make food cheaper.
I mean, think about it.
So I do believe all the optics are going to be absolutely fantastic for Trump.
Awful for the World Economic Forum.
Awful for the Central Bank.
Awful for the Biden administration.
And do you really think they're going to be able to push the Central Bank digital currency?
Absolutely not.
I do believe in the end we'll be shifting away from all of this.
Listen everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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