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April 18, 2024 - X22 Report
19:02
Ep 3333a - Biden Is Proving That Trump’s Economic Policies Worked, Boomerang
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- Hi, and welcome.
You're listening to The Axe 22 Report.
My name is Dave and this is episode 3,333 and today's date is April 18th, 2024.
And the title of the episode is Biden is proving that Trump's economic policies worked.
Boomerang.
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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, every move they make is actually working against them, especially with Biden, because Biden has continually been campaigning, going back to 2020, that tariffs on China doesn't work.
He's giving the tax incentives to the wealthy.
Well, if that is true, why didn't he remove the tariffs?
Why didn't he change the tax policy?
Why did he leave it intact?
Think about that for a second.
And why, when he was in Pennsylvania, why did he say he was going to triple the tariffs on China when he was campaigning in 2020 saying that he's destroying America with these tariffs against China?
Does that make any sense?
Actually, what he's doing, he's proving that Trump's policies, his economic policies, worked.
And everything that Trump said, and everything that he did, worked.
So this whole thing is basically boomerang on him right now, and he's having a very difficult time because the people are calling him out on it.
The people are also calling him out on what's happening in the economy right now.
I mean, the people, they see inflation.
And remember, Biden was the one who pushed inflation up.
Then he brought down his own inflation.
Back to what?
Not where it was, not where Trump had it.
It's still too high.
Actually, he admits he'll never get back to 2%.
So when he talks about, oh, look, we brought down inflation.
Well, that's because you brought inflation up.
You actually didn't bring it down to where Trump had it.
So he's trying to blame and distract everyone by saying that, hey, you know why this is happening?
It's junk fees.
That's what people are concerned about.
They're concerned about junk fees now.
The people are concerned with inflation, and you can see inflation very, very clearly.
As soon as Biden took office, that's when inflation took off.
Wall Street Silver on X put this out and said, inflation, number of months, over 3%.
So when you look at Trump, Trump kept inflation below 3%.
Way below 3%.
Actually, if you go back right before Biden came into office, inflation was below 2%.
As soon as Biden came in, we have had inflation over 3%.
So he brought it up from below 2% all the way up to almost 9% and now it's back down to 3.5, 3.6, 3.7%.
So did he make anything better?
No.
Remove all that other stuff.
He took what Trump had and we went from below 2% to 3.5, 3.6, 3.7, whatever it is today.
That tells you everything you need to know.
And he's having a very difficult time convincing the American public because, once again, the public can see through it.
It doesn't matter what they say.
It doesn't matter what he tries to tell the people.
The people could see exactly what's going on and his policies Aren't working.
Actually, they're working against him, not for him.
Even when he tells people he brought down inflation, because people just go, well, yeah, you brought it up to 9.
Now we're at 3.6.
Can you bring it back to 2 or under 2?
No, I can't do that.
Even the Fed is saying they won't be able to do that.
And remember, inflation is cumulative.
Cumulative over time.
And this is what people are experiencing.
It just doesn't go back to 1970 or 1980 or 1990 or 2019 prices.
1970 or 1980 or 1990 or 2019 prices.
It's impossible, especially in this system.
Now we also see that housing affordability in the U.S.
is horrible right now.
The Kobese Letter on X put this out and said, since December 2021, housing affordability has declined by approximately 30%.
This is officially the fastest drop in housing affordability on record.
As mortgage rates are now back on the rise, the average 30-year mortgage rate is now 7.5%.
This means that the monthly mortgage payment on a $500,000 house, with 20% down, is now $3,500 a month.
The $3,500 a month figure also does not include property taxes, insurance, or maintenance.
Home ownership is now a luxury.
And this is exactly what the Deep State has done, the Central Bank has done, the World Economic Forum has done.
Because again, are they trying to help the American people or are they trying to destroy their way of life?
Well, they're trying to destroy the people's way of life because they don't want people to have this life.
Even though we're in a private, what's-the-central-bank system, they are now at the point where they're saying, we want complete and utter control.
And they're trying to force their new system on us.
The problem is, is that the people are awake and the people see exactly what's going on and the people aren't falling for it this time.
Just like the people out in Pittsburgh, they're not falling for what Biden is saying.
He's trying to convince everyone, don't worry, I'm going to help the steel workers because I'm going to place triple tariffs on China.
But once again, he attacked Trump for placing tariffs on China.
So back in 2019, he says it's really easy to be tough when somebody else absorbs the pain.
And he's saying that Trump's tariffs are destroying the country, hurting the farmers.
And now he's essentially admitting Trump was right by his actions.
He's telling everyone, look, Yeah I'm gonna place tariffs on China because what I said back then well that was a lie and actually what Trump did it actually worked so I'm gonna do it triple the amount of times that he did it.
Now is he actually really going to do it?
Absolutely not because a reporter asked him about that and he said and a reporter said on the new steel tariffs are you concerned they'll hurt your relationship with Xi Jinping?
Biden said no.
The reporter said well why?
Biden gave an incredible answer.
Don't jump.
And then he shuffled away.
I mean, is that a real answer?
I mean, really think about it.
This is the guy that supposedly is the resident.
Because remember, he's only living in the White House.
So once again, he can't even answer that question because he knows he's never ever going to do this.
This was political speak.
And this is what the politicians do.
They tell everyone, since he was in Pittsburgh, where they create steel and the industry is hurting right now, they tell everyone what they want to hear.
And as soon as they get in office, what do they do?
They don't do it.
Trump said, listen, I'm going to place tariffs on China to bring back industry.
And he actually did it.
Then Biden Went after him!
The fake news went after him!
But they never reversed it!
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Remember, he says, oh, he's giving all the taxes to the wealthy.
Well, if that's the case, as soon as he removes it, everyone should see something incredible happen, right?
in the description.
And remember there's always a risk of investment and there's no guarantee of any kind.
They didn't remove his tax policies.
Remember he says, oh, he's giving all the taxes to the wealthy.
Well, if that's the case, as soon as he removes it, everyone should see something incredible happen, right?
Well, the reason why they're not removing it because they know that that's not what he actually did.
He lied just like Biden is lying about the student cancellations.
Now, he's telling everyone that he's cancelling the student debt, and he's letting everyone know that, yes, I am getting rid of it.
But what's very interesting, and this is coming from MarketWatch, by the way, that since Biden has cancelled $153 billion in student debt, younger borrowers haven't felt it.
So, Savannah Drake might seem like the quintessential student loan borrower.
She's 27, attended a large public college, Arizona State University, and is making the minimum payment on her roughly $80,000 in student loans in order to afford other bills like rent and groceries.
And yet, Drake hasn't benefited from any of the $153 billion in student debt cancellation the Biden administration has announced so far.
Neither have many people like her.
So is he just putting it out there that he's actually canceling it?
Is he really canceling it?
We actually don't really know.
Or is he just using this for his elections, making people think that this is what he's doing and the people are hoping that they're going to see a benefit.
And once again, if you go back in time, we know that Biden lies over and over and over again.
Actually, all these politicians, that's all they know how to do is lie.
But once again, what are we seeing?
We're seeing that everything that Trump did, it actually made the economy better.
And everything that they said about him, they haven't reversed.
And they're actually using what Trump did for The next election that is coming up.
Really think about that for a second.
I do believe Trump and the Patriots, they knew exactly what was going to happen.
They knew that they weren't going to reverse anything.
They knew that the only way forward was to use Trump's policies because again, they can't be using their own policies because their own policies don't work.
People saw a very big difference when Trump was in the White House.
People saw, wow, I have a lot more money in my wallet.
I can see because when I go to the gas pump, fuel prices are much, much lower.
Inflation was much, much lower.
Remember, there was still inflation, but it wasn't going up that quickly.
So we still were trapped in the inflationary prices, but what Trump did, he made inflation go up very, very slowly.
Which means people got to keep more money in their pocket.
But again, the damage that all the other presidents before him, it was already done.
And Trump, what he really wanted to show the people, he wanted to show the people, look, I'm going to lower inflation.
I'm going to lower fuel prices by making the country energy independent.
I'm going to place tariffs on certain countries because I want you to see the difference.
Because when you look at the Uniparty, people never saw the difference.
Why?
Because they were doing the same exact thing.
They pretty much had the same exact agenda.
So between the different presidents, you really didn't see anything.
Trump needed everyone to see something very, very clearly.
He needed everyone to see what his economy And that's what people can see very, very clearly.
And this is why when you look at the poll numbers right now, you could see the people, they understand that, wow, I can really see the difference.
I understand it now.
See, when Trump was in office, people really, yes, they had more money in their pocket.
They realized that the fuel prices were very low.
Inflation wasn't going up.
People had jobs, but you really couldn't see the difference.
Until Biden came into office, and I do believe this was all part of the plan to bring the resident and have him live in the White House and allow him to reverse all the policies so that people could actually see the difference between the two economies.
Now remember, Trump was still playing in the Private West Central Bank illusionary economy, but he needed the people to see very, very clearly, look at the difference.
Can you see it now?
And if you don't see it now, wait until these individuals continually move us down this path where they're trying to actually bring us into the Great Reset, because they're going to make the economy a lot worse.
And yes, in the very beginning, a lot of people saw, whoa, look at the fuel price, oh wow, look at the inflation, and people probably said, you know what, don't worry about that, it's gonna be okay.
But as time goes on, as people are still experiencing it, and people are losing jobs, people are starting to realize, That it's not okay.
Actually the younger generation they're coming in at the end of the private Western Central Bank system and they really realize there is a major problem in this economy.
There is something wrong because people can't get ahead and every time they try to get ahead Well, they can't.
And they're starting to realize this and they're starting to complain about the Federal Reserve.
They're starting to complain about the Unit Party.
They're starting to complain about their policies.
And this is not going to work out too well as we get closer and closer to the presidential election.
And I do believe as we get closer and closer to the presidential election, We're going to see the economic system fall apart under Biden, under the Fed.
And I do believe we're going to see something very, very big as we get closer and closer to the presidential election.
Because how do you show the people that what they're doing does not work?
Even though they're telling you that everything is great, because that's what they've been telling everyone.
Everything is fantastic.
And yes, they're going to try to make it look like everything is incredible because Biden is going to continually say the economy is great.
And yes, he's going to use the strategic petroleum reserves.
He's going to release that onto the market.
He's going to try to drive down the price, which he will.
Inflation is going to dip a little bit.
That's going to allow the Fed to do their one rate cut to make everyone believe that the economy is great.
But right after that, I mean, the next day or the next hour, After that, what's going to happen is everything's going to start to actually fall apart.
And I do believe once everything really starts to fall apart, like the market, because that's what people are really looking at.
Yes, people understand there's layoffs.
People understand there's inflation.
But when the market comes down, that's when everyone really freaks out because the fake news and everyone else looks at the market.
And when that comes down, when there is a correction, Everything that Biden said, everything the Fed said, goes out the window.
It's almost like 2008, 2009, when Bernanke in 2009, January, around that timeframe, when he said, we're not projecting any type of recession, everything's great.
He said, everything's under control in the housing market.
Don't worry about it.
And then as soon as the market came down in October, well, that's when everyone realized that the country was in major, major problems.
That's when we entered a recession.
Actually, we entered a recession way before that, but that's when people realized, oh, wait, are we in a recession?
Why did the market come down like this?
That's when that's what gave the companies excuses to do mass layoffs.
What do you think is going to happen this time around?
Will there be any escape for the Biden administration?
Will there be any escape for the Fed?
Or even Janet Yellen who's the head of the Treasury?
No, there will be no escape because remember, soft landing, everything's okay, we cut the rate, and now we're in trouble.
And what do you think is going to happen when Trump comes in?
He's already telling you, vote for me, you're going to get deregulation.
Vote for me, we're going to drill, baby, drill, baby, drill.
Vote for me, we're going to turn this economy around very, very quickly.
We're going to bring companies, manufacturing, and everything else back to this country.
You think the people are going to go for it?
Absolutely.
And I do believe this is exactly where we're headed.
And you can see that everything is going exactly as planned.
And this is to wake the American people up, to make them understand that the central bank system does not work.
And their policies do not work.
The policies that work is getting rid of the central bank, going back to tariffs, and removing all these regulations, and making our country energy independent.
And I think people, they understand that.
They're getting it.
And the people, they're going to be pushing back very, very hard against Biden, if he's running for resident, or if we have someone else that's going to replace him.
The people are going to push back very, very hard against all of it.
Listen everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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