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June 3, 2024 - X22 Report
18:39
Ep. 3369a - Stock Market Glitches? Testing? The Economic Narrative Continues, Wait For It
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I I I I I I I I I I You're listening to The Axe 22 Report.
My name is Dave, and this episode, 3,369 AM.
Today's date is June 3rd, 2024, and the title of the episode is, Stock Market Glitches Testing?
The Economic Narrative Continues.
Wait for it.
Let's talk about protecting our wealth.
There's bad turbulence ahead.
The economy is a minefield right now, ready to detonate and destroy the wealth and dreams of the unprepared.
Bank failures, de-dollarization, debt, but amidst the chaos, a beacon of hope emerges.
Kevin Sorbo, screen legend Hercules, Christian actor, an outspoken activist for the people with his economic crisis toolkit crafted in partnership with the experts at Noble Gold, Sorbo is now on a mission to help everyday Americans navigate the coming nightmare.
This shock-proof toolkit is your compass through the turmoil.
With recession-proof strategies, inflation-busting techniques, and opportunity-seizing skills to help you not just survive, but thrive in the bedlam.
The crisis threatens to derail your financial future, but you know you can stay on track and emerge stronger than ever.
And the best part?
The shield of knowledge is yours, absolutely free.
Don't become another casualty.
Enlist in Sorbo's Wealth warrior ranks today and arm yourself with the tools and tactics you need to protect your hard earned assets.
Visit x22gold.com now and sign up for the economic crisis toolkit.
That's x22gold.com or click the link in the description.
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 building the narrative that they're going to cut the rates and they're looking at inflation, that they're looking at all the indicators and they're going to make the call very, very close to probably August, that they're looking at all the indicators and they're going to Now,
They are putting out the narrative that maybe it could even come by July but I do believe they're going to wait a little bit longer and they will do it right before the presidential election.
And you can see they're building this narrative right now and once again Biden, his administration, the central bank, they need to show the people that what they've been doing is actually working.
They have saved the economy.
The economy now is working.
Everything is great.
The problem is it's only their manipulated numbers that are working.
Everything else is falling apart.
So to convince the entire country that everything is fantastic, I do believe they're going to have to cut the rate and cut it one time just to say, hey, look, everything we did, controlling inflation, controlling the high fuel costs, everything that we caused, we got it under control.
But again, the people aren't going to buy this.
The people aren't going to go along with this because the people are experiencing something very, very different than what they're being told.
And in the end, the people are not going to believe this because you could see with everything the deep state is doing, the central bank is doing, they are moving forward with the Green News scam.
And every time these different states move forward with this plan, it destroys the economy.
It destroys the way people live.
And people are starting to notice this.
And you can see the blue states.
They are now pushing the climate agenda and it's going to destroy their economy.
It's going to destroy everything because all it does is penalize the American person.
That's all it does.
And it makes them work even harder and harder because you cannot make ends meet in their system.
Vermont, they just enacted a law that will require energy companies to pay huge sums to cover costs purportedly driven by climate change.
And several other states may be following suit.
And of course, these are going to be the blue states.
Republican Vermont Governor Phil Scott allowed his state's climate super fund bill to become law without his signature.
So he was supposed to veto it, but very interestingly, he did not.
That tells you everything you need to know right there.
The new law is likely to become the subject of legal battle with the energy industry.
And some blue states, including New York and Massachusetts, are looking to pass similar bills in the near future.
So it looks like energy companies are going to have to pay.
So what these states are basically saying is, if you make things we don't like, we're going to find you into oblivion for what you've done anywhere in the world.
And we're going to use all that money to pay for products and projects favored by progressives.
That's pretty much what they're doing, and you can see this is what they're pushing.
And you can see that it's not going to work because the people, they see through this.
They understand that, hey, I know you pass this law, but now I see the entire system completely and utterly falling apart.
You see companies leaving.
You see oil companies leaving.
Just look at California.
Look at New York.
Now it's going to happen in Vermont.
And this is going to be a complete and utter disaster.
And as time goes on, you're going to really see the difference.
I think people are already starting to see the difference.
And people are seeing the difference in the economy because every time you go to the supermarket, you pay your insurance bill, your electric bill, your gas bill, your automobile insurance.
You can see the difference in the economy when Trump was in the White House compared to when the President was in the White House.
And you can see Biden is struggling right now.
He's trying to convince everyone that inflation is under control and everything is okay.
They even put out a post on X that says, and this is coming from Biden's wins.
It says due to President Biden's hard work on lowering costs, Costco new finance chief has announced $1.50 hot dogs are here to stay.
So they're trying to convince everyone that hey see inflation's under control because Costco is keeping their hot dogs at $1.50.
But It looks like that is not the case and that's not the whole story.
And On X Notes decided to respond to this and said, this is a business tactic called loss leader, which is an advertisement by a business for a product or service that has been strategically chosen to draw in customers at a financial loss for the product to increase revenue.
This is not due to the Biden administration.
And that's absolutely true.
So they're just trying to bring people in.
Hopefully you buy soda, you buy pizza, you go shopping, and you spend money there.
And they'll lose money on the hot dog, but they'll make money on everything else.
And again, this has nothing to do with his Economic policy.
Actually, his economic policy is doing the opposite.
And the more they try to convince the people that he is winning, he's actually losing.
When people look at Medicare, they see there's a huge problem.
Now, remember, they've been saying that, oh, no, the Republicans, they're going to shut that down.
They're going to shut down Social Security.
They're going to destroy all of it.
But it looks like that's exactly what Biden is doing.
And one of the classic strategies in the Obama-Biden playbook is a policy that sounds good in the short term, but whose long-term consequences won't be felt until after an election.
That way, if Democrats win, they're insulated from voters holding them accountable.
But if they lose, they can blame Republicans when things go south.
This was undoubtedly one of the plays the Biden administration had in mind for the gallingly misnamed Inflation Reduction Act, but this disastrous legislation hasn't just sabotaged Americans' wallets, it's sabotaged their health as well.
Snuck into the IRA was a poorly drafted provision that attempted to lower out-of-pocket expenses on prescription drugs.
Let's talk about protecting our wealth.
There's bad turbulence ahead.
The economy is a minefield right now, ready to detonate and destroy the wealth and dreams of the unprepared.
Bank failures, de-dollarization, debt.
But amidst the chaos, a beacon of hope emerges.
Kevin Sorbo, screen legend, Hercules, Christian actor, and outspoken activist for the people, with his economic crisis toolkit crafted in partnership with the experts at noble gold sorbo is now on a mission to help everyday americans navigate the coming nightmare this shockproof toolkit is your compass through the turmoil with recession-proof strategies inflation busting techniques and opportunity seizing skills to help you not just survive but thrive in the bedlam the crisis threatens to derail your financial future but you know you can stay on track and emerge stronger than ever and the best part
The shield of knowledge is yours absolutely free.
Don't become another casualty.
Enlist in Sorbo's Wealth Warrior ranks today and arm yourself with the tools and tactics you need to protect your hard-earned assets.
Visit x22gold.com now and sign up for the Economic Crisis Toolkit.
That's x22gold.com or click the link in the description.
The IRA lowers the out-of-pocket maximum for seniors from about $3,300 to $2,000 by shifting the responsibility for the $1,300 difference to insurance companies.
To no one's surprise, the insurance companies, what do they do?
They pass that cost to consumers in the form of higher premiums and restricted access to prescription drugs.
This year, premiums for Medicaid Part D are up more than 20%.
For the more than 50 million Americans enrolled in 2025, they would increase again by more than 50 percent.
We hope people are paying close enough attention during open enrollment in October to compare this price spike as President Biden campaigns on how he fought Big Pharma to lower drug costs.
The brilliant design of the Medicare Part D program 20 years ago was harnessing competition, deploying the free market principles that competition leads to lower prices.
Part D allowed private insurance plans to compete for medical dollars to keep costs low and save seniors money with more private plans competing older americans got better choices and more control over their health care and more than 1400 plans joined part d right away so because of this the program both came under budget and save seniors money but the biden administration they wanted to undo all of this i just want to
Another way Part D insurers are cutting costs to afford the IRA is by adding more prior authorization requirements, pushing patients toward the cheapest therapies rather than the most effective ones.
But some companies will just opt out entirely.
In 2024, the number of prescription drug plans available has been slashed to less than half of what it was when it started, standing now at the smallest selection in its 20-year history.
The Biden administration has screwed, along with the economy, immigration, foreign policy, the future of human race, etc., the American health care system.
And it seems like most people have gotten wise to the schemes in their dirty playbook.
As everyone knows, they're lying about this issue.
And they are lying about this issue.
And that's what they do.
They tell you, oh yeah, we're not going to tax the low income people.
Oh, we're not going to do this.
We're not.
And then all of a sudden later on, everyone realizes, wait a minute, you tricked us.
And you see this time and time again, but this time around, since Trump and the Patriots have crammed this into four years and accelerated everything, I do believe that people see completely through this now and people now can see that everything that they are doing is actually making their lives miserable.
When you look at the housing industry, you can see the interest rates, they've gone up and it's pushed a lot of people out of the market, but also with inflation, it has actually Trump increased the steel, the drywall, the concrete, the brick, and everything else to build that house.
Trump, he put this out on Truth and he said, home building caused hammered by inflation.
Steel up 77%.
Power transformers up 72%.
Drywall up 48%.
Concrete up 33%.
Brick up 29%.
Lumber up 8%.
And that tells you everything you need to know.
You know what's the other thing that tells you everything you need to know?
It shows you that their policies aren't working.
Remember, their template is, of course, California.
Template is going to be New York, which it is, Vermont, and many other states.
And when you look at where all the jobs are being created, it's not in California.
It's not in New York.
It's in Texas and Florida.
And when you look at the map, you can see that California, they're losing jobs like crazy.
When you look at New York, the same thing is happening.
All these different places where they're pushing these policies, they are losing the jobs.
If you look at Texas and Florida, they are the job gainers right now.
So now you can actually see the difference between the blue policies pushing the Green New Scam, pushing higher minimum wage, taxing the businesses, making them pay for more things.
Now you can see the difference and now people understand this.
And this is why people are moving out of these areas because If you can't find a job, what are you going to do?
You got to move to a place where you can find a job where the economy is strong.
This is why the people are moving to the red areas and they'll continue to do this.
Now, what's very interesting is that Dan Scavino, he had a calculator on Facebook where you could check the prices out under Trump and compared them to Biden.
And what's very interesting is that Facebook decided to remove that.
Don't you find that interesting?
Why would they want to remove it?
I mean, you can't have a calculator comparing the prices to Biden to Trump.
So who actually forced them to remove this?
Well, Scavino explains.
Amazon, Facebook, or the current White House removed my Biden-Mart calculator post comparing the difference of food prices under Biden versus Trump.
You think Biden said, hey, take that down?
I don't think it was him personally, but someone in his administration.
We know that they speak to the social media platforms.
We know that they tell the social media platforms which posts to take down, which posts to censor.
And it looks like this is exactly what they're doing here because They don't want people seeing the prices under Biden and the prices under Trump because people are going to go, whoa, wait a minute.
Why is it half under Trump?
What's changed?
People are going to ask a lot of questions.
And they don't want people to see this, but I think that people do see it.
I think that people see it every single day because if you go to the market, you know what you spent.
You know that, hey, last week it was a lot cheaper.
If I go back three years ago, it was a lot cheaper.
So people, they understand what's really going on here.
And again, the Biden administration, they have to convince everyone.
that the economy's doing well.
And the only way to do this is to manipulate the calculation, remove things from the calculation to try to convince people.
And I do believe what they're going to try to do is they're going to try to use the rate cut to really convince everyone, look, we got everything under control, interest rates are coming down, don't worry.
And what's very interesting is we could see the narrative is now building.
Market Watch put out an article, says don't sleep on the possibility of a Fed rate cut in July.
Key data over the next two months could sway policymakers to ease, but some economists still say there's a chance the central bank will lower its policy rate at its July meeting.
Now, will they do it on July?
Will they do it maybe in the beginning of September?
I do believe they're going to try to do this closer to the election to get that impact, and we'll see how this all plays out as time goes on.
But the other thing that's very interesting is that today we saw a glitch in the stock market, and we saw Berkshire Hathaway, their stock all of a sudden just plummeted.
So they had to halt the market, the stock exchange, a couple of times.
Because there was a glitch in the system.
Now, it's very interesting that there's a glitch.
Were they testing something?
Because we know if the Fed moves forward with cutting the rate, we know as we get closer and closer to the presidential election, I do believe the market is going to come down.
And of course, what they're doing is they need some type of cover story to explain why the market came down.
They can't say, hey, it was the Biden administration, that's why it was the Fed that caused it, so they need some type of cover story.
That would be a cyber attack.
So are they testing their system for this type of an event?
Because once again, we know they wanna bring us from this system, which is the central bank system, into their new system, which is going to be a central bank digital currency.
Now, I do believe that this is going to fail in the end, but I do believe that Trump and the Patriots, they know the playbook, they know we're heading down this path, and we can see that as we get closer and closer to the presidential election, I do believe they're going to build this narrative up of cutting the rates.
Now, if they do cut the rates, That is going to send a signal that, yes, they are prepared and ready to bring everything down.
Now, Trump and the Patriots, they're going to use this against them.
The people know who's responsible.
The people understand that the economy isn't getting better.
They're going to try to make the case that the economy is getting better.
But the people, when they see everything start to fall apart, they're going to understand who's responsible for this.
And Trump and the Patriots, I do believe they're going to use this leverage against them.
And this is going to be very, very difficult for the Deep State, the Central Bank and the World Economic Forum to convince the people that it was a cyber attack.
Because remember, with the cyber attack, where do they want to bring us?
Normally, the Central Bank, they have war to cover up their economic catastrophe.
And this way, it makes it a lot easier for them to bring us into their new system.
So you think the people are going to buy this?
Most likely not.
And remember, When Trump gets elected, because he's going to go on the platform saying, listen, if you elect me, I can have peace.
We can have no war here.
When he has peace, this will counter everything they're trying to do.
And when the dust clears, people are going to see that it was the Biden administration, it was the central bank that caused these problems.
And this is going to be a huge problem for them, because remember, they don't want anyone to see Who really caused it?
That's why they need an event.
That's why they need war.
That's why they need a plandemic or something to cover up what they're doing.
But I do believe this time around, this is going to fail and the people are going to see the truth.
And once the people see the truth, the people are going to say, you know something?
It's time to move away from the private.
What's the central bank system?
Listen, everyone.
Thanks a lot for listening.
We will be safe and especially be prepared.
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