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June 5, 2024 - X22 Report
19:37
Ep. 3371a - Manipulated Stats Are Failing, [CB] Testing The Rate Cut, Prepare Yourself
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Thank you.
Hi and welcome.
You're listening to The X-22 Report.
My name is Dave and this is episode 3,371.
And today's date is June 5th, 2024.
And the title of the episode is Manipulated Stats Are Failing, Central Bank Testing the Rate Cut.
Prepare yourself.
Let's talk about protecting our wealth.
Gold has been on an unstoppable run.
It has gone up more than 81% in the last five years and almost 20% in the last 12 months.
It is happening.
Central banks are ditching the dollar and U.S.
Treasuries and buying more gold.
The good news?
It is predicted to go up more.
UBS even said it would go up to $5,000.
Noble Gold Investments' phone has been ringing non-stop.
Everyone wants to protect their retirement with gold.
And you can do the same.
Noble Gold Investments can help you secure some gold to protect your future.
From day one, you work with this same dedicated all-American expert.
Whether you're a beginner or an experienced investor, Noble Gold Investments will make sure you get all the help you need.
And this month, Noble Gold Investments will give you a free quarter ounce gold standard coin if you open a qualified account.
Go to x22gold.com.
That is 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, we know their plan is to bring us into the Great Reset, the Green News Scam.
And we know that Biden, well, he needs to show everyone that the economy is doing well, even though they're crashing the economy.
So on the surface, with all the manipulation, they need to show the people that, look, everything that they have been doing The Inflation Reduction Act, which has nothing to do with inflation.
Bidenomics, which is destroying the economy.
It is all working.
And they need to keep this up until the very, very end, which is the presidential election.
Now, to do this, I do believe they're going to have to cut a rate to show that yes, everything is working.
Because remember, the rates started to move up.
Why?
Because inflation was getting out of control.
The fuel costs were getting out of control.
So the Fed had to step in and say, well, We're going to raise the rates to control the inflation.
Remember, at the very, very beginning, they told us that inflation was transient.
It's not really that big of a problem.
The Fed told us that, the Treasury told us that, and Biden told us that.
But then as time went on, inflation kept moving up, which means the value of the currency declined.
So they needed to raise the rates and under Biden, the rates were moving up.
Under Trump, the rates were not moving up.
Yes, they tried in the very, very beginning, but Trump, he countered that and forced the Federal Reserve to lower the rates because what were they trying to do back then?
They were trying to bring down the economy under his watch.
Now, the only way to convince the people That he's got everything under control and everything is fine to keep the illusion alive is to cut the rate and I do believe that is where we are headed right now and we can see there are central banks around the world they're going to be testing the waters to see what happens when we cut the rate maybe by a quarter of a point which just happened and they're going to test it And then what's going to happen is this is going to spread to another country, maybe the EU.
They will cut maybe by a quarter or tenth, whatever they're going to do.
And then eventually what's going to happen is the Federal Reserve will end up doing it.
So we already start starting to see that they are doing this.
And this is now what they're about to do, because as we get closer and closer to the presidential election, they need to show everyone that everything is working because the manipulated numbers, they are now completely and utterly detaching themselves from reality.
And that's what people are now seeing.
They're seeing the detached reality of Biden, the Fed, and the rest.
So when you look at the numbers and you look at ADP payrolls, the ADP reported that in May, the US added just about 152,000 private payrolls.
A 36,000 drop from the March downward revised number of 188,000 originally 192,000 to the lowest number since the 111,000 reported in January and far below the median consensus of 175,000.
And when you look at the change in U.S.
private employment we see natural resources slash mining down 9,000 manufacturing down 20,000 Information down 7,000.
Professional business services down 6,000.
And the Pacific region of this country is down 18,000.
And what we're looking at is we're looking at companies where most likely they're laying off.
And we're starting to see that Biden's economic policies, what the Fed is doing, it's taking its toll on the economy.
And yes, it will get worse as time goes on.
I do believe this is why they're now testing the rate cut to see what effect it will have and do it very, very slowly as we lead up to the presidential election.
Yes, we'll have other countries cut the rate.
Eventually, the last country will be the United States.
And at that point, Biden will let everyone know.
Look, I've done it.
I was able to cut the rates.
The Fed is on board.
And that's when everything starts to fall apart.
We'll be talking a little bit more about this a little bit later.
But first, let's talk about Medicare, because remember, Biden and team, they are actually destroying Medicare.
And actually, Trump, he put out a truth.
He said the following.
Cricket Joe Biden is saying Medicare will not cover more than 50,000 Americans living with horrible open wounds caused by diabetes.
Their message to these Americans?
Tough it out.
Despite the testimony from doctors, groundbreaking medical research, and pleas from patients for help, the Biden administration is abandoning them.
It's bad enough Crooked Joe Biden has broken his word to us about keeping America safe, our economy sound, and our borders secure.
Now Joe's playing Russian roulette with people's lives and doing something he promised he'd never do.
These people are hurting, but they should know that help is on the way this November.
And we talked about Medicare.
We talked about the drug prices and the scam that they're running right now.
And you can see they put this in place.
Why?
Because in the long run, they want all these programs removed.
They want the competition removed.
They don't want people having low prices and getting the medicines that they need.
Remember, when Trump was in the White House, he was able to allow the people to get these medicines, insulin, very, very cheaply.
And now Biden is reversing all this and once again you can see this is going to take a toll on the families because if they have to pay a lot more money that means there's more money coming out of their pocket and some of these people can't afford it especially with the economy the way it is and the economy is continually breaking down and it's getting worse and worse as time goes on and when you look at the stock market you can see that big tech Well, that is the stock market.
The CoPC Letter on X put this out and said, Amazon, Apple, Microsoft, Google, Nvidia shares have rallied by a massive 27% year to date.
This accounts for most of the S&P 500 11% year to date gain.
By comparison, remaining 495 companies have only seen a 6% gain this year.
Furthermore, the equal weighted S&P 500 index is up just 5% in 2024.
Currently, the six largest S&P 500 components reflect a record, approximately 30% of the index.
Truly remarkable.
And once again, they are testing the rate cut.
And when they start to cut rates, this is when we're going to see things really start to fall apart.
And I do believe the market is going to come down quite a bit.
I don't mean it's going to crash to zero, but people are going to get afraid.
People are going to look at this and go, what the hell's going on here?
And Biden is going to come out, the Fed's going to come out and say, hey, don't worry about it.
Everything's under control.
And you'll probably see a dead cat bounce and the people go, oh, OK, everything is seems like it's OK again.
But what's going to happen is as we get closer and closer to the presidential election, the market's going to dip down again.
So the Biden administration, the Fed, they're going to look like liars.
And the people are no longer going to believe what they're saying.
But what's very interesting is that BlackRock and Citadel Securities, they decided to fund plans to start a new national stock exchange in Texas to take on the New York Stock Exchange.
So does that mean the New York Stock Exchange is going to have major, major problems?
And now they want something to compete with that?
Hmm.
It seems like they're preparing for something.
But when you look at the entire economy and you look at what the Biden administration has been doing, we know their entire plan is to crash the economy and to bring us into the Great Reset, the Green News scam.
They were going to do this no matter what.
This is not like, oh, Biden's there and they decided to crash it.
They wanted to do this under Trump.
No matter who was in office, the private was a central bank.
Let's talk about protecting our wealth.
Gold has been on an unstoppable run.
It has gone up more than 81% in the last five years and almost 20% in the last 12 months.
It is happening.
Central banks are ditching the dollar and U.S.
Treasuries and buying more gold.
The good news?
It is predicted to go up more.
UBS even said it would go up to $5,000.
Noble Gold Investments phone has been ringing non-stop.
Everyone wants to protect their retirement with gold.
And you can do the same.
Noble Gold Investments can help you secure some gold to protect your future.
From day one, you work with this same dedicated All-American expert.
Whether you're a beginner or an experienced investor, Noble Gold Investments will make sure you get all the help you need.
And this month, Noble Gold Investments will give you a free quarter ounce gold standard coin if you open a qualified account.
Go to x22gold.com, that is x22gold.com, or click the link in the description.
The World Economic Forum, the powers that be, they were going to bring this economy down one way or another.
Their plan before Trump was to bring us to war with Hillary Clinton.
It was going to be a nuclear war.
And this way they can cover up the entire economic collapse.
The central bank would fund the war, and then after the war was over, they would pay to rebuild everything, rebuild the infrastructure.
But again, the Deep State players, what do they want to do?
They wanted to rebuild the entire world in the way they thought it should be, where the people are controlled.
So the central bank, no matter what, they were going to bring this system down.
And I do believe what Trump did, he said, you know something, if you're going to bring it down, You're going to do it on your watch.
Everyone's going to be looking at you.
Everyone's going to be looking at the D's and there'll be no cover story whatsoever.
And I do believe he set this up so people see the truth and people understand that they are the ones who are destroying this economic system.
And remember, in the end, when they try to bring us to work, they already try to bring us.
Into a plandemic that failed.
They tried to create another plandemic.
I don't think that's going to get off the ground.
And this war that they're going to try to use is not going to work because Trump has the ultimate weapon.
It's called peace.
And this is going to destroy everything they're trying to do here.
But again, you have to remember, as we approach the presidential election, Biden needs to convince everyone that he's done a great job.
And the DS will rally behind him.
A lot of the fake news will rally behind him.
And this is why I do believe they are moving to cut the rates.
And right now, coming out of the BBC letter, it says markets have now priced in an additional rate cut in 2024, with prediction markets now showing two cuts this year.
Meanwhile, odds of another rate hike this year are now down 8%.
The odds of zero rate cuts in 2024 had dropped to 28%.
And odds of just one rate cut are down to 25%.
Once again, markets are beginning to buy into the Fed pivot narrative, even as inflation is back on the rise.
This comes after the Bank of Canada just cut interest rates today for the first time since 2020.
Are rate cuts coming back too soon again?
Yes, I do believe this was a test to see If they are able to do this.
Let's cut the rate out in Canada.
Let's see what the effects are.
Okay, we got the rate cut out in Canada.
Let's move to the EU.
Let's cut the rate there.
I do believe what's going to happen is the United States is going to be last because when they started to cut rates, the United States cut the rate first and then the rest of the countries followed along.
Now they're going to do the opposite and they want the United States to be last.
Now think about how they're setting the narrative up.
Because remember, Biden has been telling everyone that his economic policies are working.
The installed leaders are telling everyone that their economic policies are working.
So they can now make the case that, hey, look, Canada just cut the rate.
It means whatever we've been doing and, you know, everything that we've been trying to tell you, it is absolutely working.
And we just had Canada cut the rate.
Now we're going to see if Europe is on a good standing with the economy and we're going to cut the rates there.
They're setting it up so the last country will be the United States and that will be when?
August?
September?
Because first they'll do Canada like they just did.
That is in June.
I wouldn't be surprised if the EU is around July or so.
Maybe the beginning of August around that time frame.
And then the United States is last.
They are now building up the narrative to do this.
But I do believe what this is going to do, this is going to start off a chain reaction.
And yes, it will be slow in the beginning, but it will pick up speed.
And eventually, when the rate is cut here in the United States, I do believe everything's going to start to fall apart.
And we're going to see that happen very, very quickly.
And I do believe this is when we're going to see the market probably take a dip.
Now, remember, People see two different things in the economy.
Number one, they see their everyday lives, where they see inflation, they go to the supermarket, they see how much groceries are, they go to fill up their tank, they realize how much fuel is, they go to purchase any other type of item, and they say, okay, I just don't have enough cash to purchase this, so I have to put it on credit, I have to pay my insurance bill for my automobile, I have to pay my homeowners, I gotta pay my rent insurance, and the people They experience a different economy than what is being told to them.
And sometimes the people don't see it, even though they're experiencing it, they don't really see that there's a major, major problem.
A lot of people who are in the upper income brackets might not even see it.
But eventually what happens is when the market falls apart and that comes down, that's when people see something very, very different.
Remember back in 2008, 2009, a lot of people didn't see anything happening in the economy.
During the summer months of June, July, August, not much was happening with the market.
Yes, it was fluctuating a little bit, but it wasn't that bad.
So a lot of people, yes, they heard stories, they saw what was going on.
There were layoffs that was happening right before the market came down.
But until that market came down, No one really said, hey, we have a major, major problems on our hands.
That is what's going to happen here as we approach the presidential election.
People are going to see anomalies.
People are going to see problems in the economy.
But until the market does something.
No one's really going to call out and say, hey, by the way, we're in a recession.
We have major, major problem here.
So I do believe when we see the first dip, that's when people are going to go, hey, is there a problem here?
And of course, the Fed, the Biden administration, they're going to say, oh, no, no problem.
This was just a fluke.
It's not that big of a deal.
And yes it might go down for a day or two or a couple days and then we'll have that dead cat bounce and people will feel like okay that's not that bad.
Now there'll be other people saying no no this is a dead cat bounce and this is going to completely crash in a week or two or two weeks or three weeks or whatever the time frame is.
And that's when the market's going to come down.
So I do believe we're being set up for this scenario.
And I do believe Trump and the Patriots, they knew the deep state, the Central Bank, the World Economic Forum would go down this path.
And they knew that to cover up the crash, what were they going to have to do?
They were going to need an event.
And that's where the cyber attack comes in.
And I do believe they're going to use the cyber attack to cover up the main crash of the system.
Now, as we approach the presidential election, I do believe we're going to hear stories about the cyber attack, which we're already starting to hear.
And I do believe this is going to ramp up over the summer to convince the people that there are bad people out there that are going to destroy our financial institutions.
The IMF already told us that this is a great possibility that this could happen and They can then shift focus onto a cyber attack and say, this is the reason why the economy came down.
Now, of course, Trump, on the other hand, he's going to use this and he's going to use this as leverage.
And they're not going to be able to cover this up for that long because he's going to usher in peace.
Now, is it going to be bumpy?
Is it going to be scary?
Absolutely.
But again, Trump.
He's going to tell everyone that it doesn't have to be this way.
We can reverse all of this and we don't have to go to war.
We can have peace.
But remember, the central bankers, the World Economic Forum, they want us to go to war to cover up the economic crash.
Trump is going to say, no, we don't have to do that.
We can have peace instead.
And once Trump ushers in peace, this is going to destroy the central bank narrative.
Because once we have peace, what's their cover story?
They won't have one.
You see, the cyber attack, yes, it might shut down things for a little while.
But when things come back up, what's going to be their cover story?
It's going to be very, very difficult at this point.
And people are going to be looking at the Central Bank, which is the Federal Reserve.
They're going to be looking at the Biden administration.
They're going to be looking at the Treasury.
And they're going to say, you know something?
You lied to us many, many times.
We're now going with the truth teller.
He just ushered in peace.
The financial institutions are back up and running and now we are listening to what the truth teller, the person that we elected, that's the person we're listening to.
And I do believe that's what we're going to have major, major change.
Now, I'm not saying this is going to happen, you know, a day or two days after the election, where Trump is just going to, you know, turn everything around, because remember, he has to be inaugurated in January.
So we have this long stretch of time where the deep state players are still in control, even though Trump is elected.
Remember, the election isn't certified, where they're going to try to push very, very hard to destroy the economy and to bring us to war.
But I do believe the people and leaders around the world, they're going to actually push on Trump to actually negotiate peace.
And I do believe he will probably have peace before he's even inaugurated.
We'll have to see how this all plays out.
But you can see everything that is being done.
Listen everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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