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May 19, 2024 - X22 Report
24:10
Ep. 3356a - Bill Introduced To End The Fed, All We Need Is An Economic Crisis, Tick Tock
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Thank you.
Hi and welcome.
You're listening to The Axe 22 Report.
My name is Dave and this is episode 3356 and today's date is May 19th, 2024.
And the title of the episode is Bill introduced to end the Fed.
All we need is an economic crisis.
Tick tock.
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So just click on the link in the description below the 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, as they continually push their agenda, the people can see very, very clearly that the Federal Reserve, the central bank system that they implemented throughout the world, does not work to benefit the people.
And every day that passes and the currency loses its value, this is what people are now seeing.
The people are also seeing that, wow, look at the difference between red states and blue states.
You can see that there are businesses, there are people leaving the blue states, moving to the red states.
You can see that jobs are being created in the red states.
And people are seeing this and it's becoming clearer and clearer every single day.
Now, of course, people are saying, well, it's the economy's not doing well and this is why you're seeing it.
But I think as time goes on and you see the deep state players, the Central Bank, the World Economic Forum, push their agenda where they're going all green, And they're following the policies of these non-elected people.
The people, they're going to see the difference.
And I think in the end, when we have a crisis, I think this is when people are really going to wake up.
And this is what we need to push certain bills.
Now, there's a lot of bills in Congress, and they just sit there until there's an event.
I mean, just recently, we have end the Fed.
That bill was introduced and of course it would just sit there it wouldn't do anything unless there's some type of catastrophic type of crisis where people say why did all this happen?
Why did the system fall apart?
Why did the market come down?
Why is the currency losing value?
What is the problem here?
And I think in the end when this crisis hits that's when people are going to say we need to get to the bottom of all of this because remember we can Put band-aids on all of this, but it won't end until we go to the source of the problem.
We're going to be talking a lot more about this a little bit later.
First, let's talk about what's happening in all the different states, because we can see the jobs that Biden says he's creating, which he's not creating.
We can see there are more jobs now in a lot of the red states than there are blue states.
E.J.
Antoni, PhD, put this out on X and said, eight states in D.C.
have fewer jobs than before the pandemic, while Idaho, Utah have gained more than 11 percent.
Florida, Texas and Nevada more than 9 percent.
Illinois and New York still aren't recovered and likely won't be anytime soon.
Public policy has consequences.
And he's absolutely right.
Public policy does have consequences.
And when you look at the economy and you look at what the Biden administration has been doing, look what the Fed has been doing, you can see they've been bringing us down this path to bring us to the Great Reset, the Green New Scam.
And the only way to do that is to destroy their old system.
And that's what they're in the process of doing.
But again, they never wanted people to see this.
They never wanted people to see, look at us, we're destroying it.
Can you see what we're doing?
They wanted a cover story.
And this is why they launched their entire Agenda during the pandemic, because they thought people would be trapped in their homes.
They thought people would die off.
They thought, wow, we can do this over a long period of time.
The supply chains would just dry up.
People wouldn't be able to get food.
We can actually introduce some other type of variant where it say it's affecting the animals.
Maybe it would spread into the bird flu like we're seeing today.
And we would have to start killing off all the cattle and the chickens.
And we would force people into eating bugs.
Now, they thought they were going to be using the plandemic for all of this, and it would make sense.
And that's why they announced it in March of 2020.
But when you look at today, it didn't work out the way they thought it was going to work out.
And now what do people see?
They see what they're actually doing.
The system is breaking down.
Or if you look at it at a different way, they're actually destroying their own system and people are seeing it.
And people are seeing it in all different areas.
They see it with inflation.
They see it with higher fuel costs.
They see it with They're jobs where they can't make ends meet because of inflation or they're losing their job and this is taking a toll on the people of this country.
When you look at the auto sector you can see it's a complete and utter disaster.
The Kobisi Letter on X put this out and said, auto loan serious delinquencies rates surge to 2.8% in the first quarter of 2024, the highest level since 2010.
90 plus day delinquencies have been rising at a pace last seen during the 2008 financial crisis.
Auto loans held by US households jumped by 9 billion in the first quarter to 1.62 trillion on all time high.
This means 45 billion of consumers auto loans are on the brink of default.
Meanwhile, Car insurance inflation jumped 22.6% in April, the largest one year increase since the 70s.
U.S. households are missing loan payments as if a recession is here.
And that's because a recession is here.
And you can see that people, they're having a very difficult time.
And remember, this is now mimicking what happened in 2008, 2009.
During that period of time, we had a presidential election.
The economy started to break down.
We see the internals now doing the same exact thing as we approach the presidential election.
And remember, the private West Central Bank system, it is completely and utterly built on debt.
That's how their system functions.
And what happens is, when you build an economy based on debt, What happens over time?
It completely and utterly breaks down and people, they can't work within the system anymore.
And this is why the Private West Central Bank has to reset it and that's why they need something major, a major event like a pandemic or a war or something like that because they need to cover it up and they need to make you think that it wasn't their fault, it was because of This pandemic, it was because of this war.
That's why the economy is in shambles right now.
But don't worry, we can come back in and this is what the Private West Central Bank usually does.
We can come back in and we can pay for the war or the pandemic and we'll pay for you to rebuild everything.
So the Private West Central Bank always profits and they're able to reset their system in the process.
And when you look at the debt in this country, It's absolutely astronomical.
The Kobe letter on X put this out again, record 17.7 trillion in household debt, record 12 point trillion in mortgages, record 1.6 trillion in auto loans, near record 1.6 trillion in student loans.
Near record $1.1 trillion in credit card debt.
Total mortgage debt is more than double.
Total household debt is now up $3.5 trillion since 2020.
That's a 25% increase in total household debt over just four years.
With higher rates returning for longer, the debt is becoming expensive for consumers.
Absolutely.
And you can see what has been driving all of this.
A lot of it has been, yes, the Private West Central Bank from the very, very beginning, but also all the policies that they are implementing right now.
And when you look at the Inflation Reduction Act, and remember, the title doesn't reflect exactly what the bill is going to do.
Actually, it's always the opposite if you really look at it.
And they like to put out these fancy titles, Inflation Reduction Act, the Patriot Act, the Affordable Care Act.
It is pretty much always the opposite.
And the Inflation Reduction Act, what is that doing?
It is killing jobs, it's cutting Medicare, and it's destroying the economic system.
And that's why it was put into place.
And yes, they're laundering money and everything else with it.
So when you really look at it, China is co-opting American companies and sucking billions in green scam tax credits.
The IRA Doesn't stop China government-owned green energy industry from setting up pop-up shops in America to qualify for tax credits while importing everything from China.
So they're stealing tax credits that could go to American companies.
It's proving that the IRA had nothing to do with curbing inflation and it is really the green news scam in a disguise.
And this is why Manchin was out there saying, yeah, we shouldn't be using this.
This is ridiculous.
Everything's going to China.
Plus the Inflation Reduction Act is paying for all the giveaways to China by slashing Medicare for seniors.
The IRA will sharply cut the popular Medicare drug coverage plan.
A total of $30 billion will be cut from a program currently totaling about $110 billion.
This will kick in in around 2025.
So it is either out of the way if Biden wins, or it can be blamed on Trump if Biden loses.
Buried in the IRA is command-and-control language that Biden could only have learned from the Chinese Communist Party.
The IRA language allows the government to dictate price controls on some prescription medicines for seniors under Medicare.
One particular draconian provision allows the administration to designate Medicare drugs as targets for government-controlled price negotiations.
If companies don't accept the price controls, they are forced to pay a 95% excise tax for everyone who buys it, not just through Medicare.
So either we have government price controls or a tax that doubles the cost of some medicines or no new medicines at all.
So think about what they're doing here.
This is destroying everything and this is all set to take effect in 2025.
So you could see what they're planning here.
So once again, I do believe what Trump is going to do, he's going to remove everything that Biden put into place.
And I do believe he's going to be looking at this just like he renegotiated the trade agreement and made it into the USMCA.
I do believe he's going to take it and actually renegotiate it and maybe even get rid of it.
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But what people do notice is that since he came into the White House, he's living in the White House, the entire economic system completely and utterly is imploding on itself.
And this is what Trump put out.
He put two truths out and he says, unbelievable.
Crooked Joe went on television last week and proclaimed in an interview that Americans can actually afford his brutal inflation tax.
He declared that families, quote, have the money to spend.
And then Biden blamed his economic disaster on companies shrinking the size of their snicker bars.
But Americans are not struggling to make ends meet because they're buying too many snicker bars.
They're struggling because we have the worst, most incompetent, most corrupt president in the history of our country.
Despite what Biden says, the American people cannot afford his inflation nightmare.
And we definitely cannot afford four more years of crooked Joe Biden.
Then he put this out.
When I left office we had no inflation yet in the past three years the Biden inflation tax has cost the average Minnesota family a staggering $28,000 and the Biden price hikes are continuing to drain $1,165 from the typical Minnesota family budget every single month and he's absolutely right and actually when you look At the change in household net worth since the start of Biden's residency, you can see it very, very clearly.
And no matter how much the media tries to convince you otherwise, it is not your imagination.
The Biden The economy that he has been pushing has completely wrecked the entire system.
And when you look at the graph and you adjust for inflation, well, it's a complete and utter disaster.
And it's very, very easy to see.
And I think the people are now seeing it.
Why?
Because the Rasmussen Reports, they put out a poll and it says 54% say they are worse off now than four years ago.
What do you think is going to happen when the market completely comes down?
What do you think is going to happen when inflation really starts to ramp up?
This 54% is going to skyrocket like we've never seen before.
And people are going to be looking at the Biden administration, looking at the Fed going, what the hell just happened right now?
You told us everything was great.
Everything was on track, soft landing.
You got inflation under control, you got fuel prices under control, you're creating jobs, but what people are going to experience is the actual opposite, and people aren't stupid.
Actually, all you gotta do is look at Argentina, because the new president there, Mele, he is actually turning everything around.
Now remember, The deep state players, the central bank, they all said, no, he can't do it.
He can't turn things around.
He's just going to make things worse.
It has to be this way.
But the people said, you know something, we've been living through this for many, many years with inflation off the charts.
We can't function in this economy.
The people are suffering.
So we need a change.
Let's give him a chance.
What's the worst can happen?
He'll just make it worse like every other president.
So since Malay came into power, you know what happened?
Everything started to turn around.
FX Hedge put this out on X and said, Argentina's Malay shuts up critics with miracle turnaround of economy, strong security policies.
President Malay of Argentina continued to stun his critics with an economy that has outperformed expectations and continues along an ambitious path for national security.
Including pursuit of a NATO global partnership, the fact that you have a president, head of state, who is defending the free market, who's defending the role of entrepreneurs and businessmen and creators of value, and just defending deregulation when the tendency in Latin America and much of the West has been to regulate the economy.
I think that's a very positive, not only for Argentina, but for the region as a whole and maybe beyond.
And they're absolutely right.
And that was coming from Daniel Raceback from the Cato Institute.
And he's absolutely right.
The people of the world, they're watching this.
Wow, look how we can turn this around.
And it really hasn't taken that long.
Is there more work to be done?
Absolutely.
So what does he know that all the others didn't know?
Or what is he doing that all the others weren't doing?
He's going against the private was a central bank.
He's going against the globalist.
And he's saying your policies, everything that you have in place does not work.
And he's going to the root of the problem.
Let me just read a quote from Javier Malay.
He says the central bank is a ripoff.
It's a way for politicians to defraud the good people with inflationary taxes.
And he's absolutely right.
And he's been going after the source of the problem.
And remember, the source of the problem is the Private West's central bank.
They took us off the gold standard and now we're full fiat, which means You can never ever recover from what they put into place because inflation is cumulative which means the value of the currency is going to continually decline.
It doesn't reverse itself and the only way to reverse all of this is to go after the source of the problem.
Just like if you have a disease or any type of illness, Yes, you can take medication.
You can take medication to feel better.
You can take medication to mask the symptoms.
But until you go to the heart of the disease and you actually eradicate it, You're not going to feel better.
And I think this is what is happening right now.
We are now headed towards the source of the problem.
You're going to see country after country after country go to the source of the problem, especially when the United States goes to the source of the problem.
Now, what's very interesting is remember going back in time when they gave everyone $1,200 worth of stimulus?
You know what would have happened if every single person in this country said, you know something?
I'm going to take this stimulus money and I'm going to transition it into gold or I'm going to transition it into Bitcoin.
Well, if you transition it into Bitcoin, that $1,200 right now would be worth $12,096.
That's a 900% increase.
Can you imagine if everyone did that?
That would be absolutely unbelievable.
And I do believe with everything that we're seeing, everything that's going on, it is setting the stage to actually go after the Fed.
And when you look at all the bills that they're entering into Congress, they just sit there for a very long time.
And the only way to move these bills is to have an event.
That's when everyone says, oh, we got to do something about this.
How are we going to fix it?
And this is normally how the Deep State, the Central Bank, the World Economic Forum does it.
They actually have their minions actually introduce a bill because they know an event's coming and they already have something that's going to fix the problem.
Well, I do believe the good guys right now, they're setting all of this up because when the crisis comes, and I do believe the crisis is approaching, they'll already have certain bills in place.
They already have bills that says we're not going to accept the central bank digital currency.
There are bills in place that said we're going to make gold legal tender.
There's bills in place that says we're going to make Bitcoin legal tender.
And now we have a bill which was introduced by Thomas Massey.
And it's the title is Federal Reserve Board Abolition Act, H.R.
8421.
Americans will be better off if the Federal Reserve did not exist.
The Fed devalues our currency by monetizing the debt, causing inflation.
And he's absolutely right.
And I do believe this will pick up steam when we approach a crisis.
That doesn't mean they're going to pass the bill the next day.
But as the economy breaks down, as the market comes down, and everything starts to fall apart, I do believe people are going to say, wow, why is this happening?
What's going on here?
And I do believe there's going to be many individuals that are going to be pointing to the Federal Reserve because remember, the Federal Reserve has been telling us that they're getting everything under control, that we're going to have a soft landing, Actually, Janet Yellen from the Treasury has also been telling us that we're heading towards a soft landing.
The Fed now is saying, listen, we might be looking at rate cuts once again.
I don't think there's going to be many rate cuts.
I think there'll be just one because inflation has dropped a little bit.
Remember, they're manipulating the calculations to make you think that everything is fine when it really isn't.
And I do believe in the end, the people are going to be saying, why did this happen?
Because the Fed told us, the Biden administration has told us that everything was perfect, that they had everything under control.
So why did this happen?
And I do believe most likely there will be an investigation of why this happened.
Because remember, this doesn't affect one person.
This affects everybody.
And I think the people of this country are going to be very, very angry.
And I do believe Trump and the patriots, They're going to be using this to their advantage, because remember, Trump has been putting out troops going, were you better off when I was in the White House?
Do you see things breaking down?
Look how much more it's costing you.
Well, why is that?
Is it just the Biden?
His policies is just Biden's policies, or is it something much, much bigger?
And I do believe we're going to see things that we haven't seen before.
And I do believe what we're going to see is an investigation into the Federal Reserve of why all of this has happened.
Have they lied to the people?
Have they been sticking to their mandate?
And I think people are going to be shocked in what they find out.
And I do believe this is when you're going to see the central bank digital currency bill come into play where, hey, we don't want a central bank digital currency.
Where we see the legislation for gold as being legal tender or Bitcoin being legal tender and the legislation where it says let's end the Fed.
And I do believe this is going to all come into play as we get closer and closer to the presidential election and as we go past the presidential election.
Because again, it's not going to happen in one day.
This is going to be an ongoing thing.
People are going to see it.
People are going to experience it.
And people are going to question everything.
And this is how it begins.
And this is how it ends.
The Fed.
Listen, everyone.
Thanks a lot for listening.
Be well, be safe, and especially be prepared.
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