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June 12, 2024 - X22 Report
19:50
Ep. 3377a - Bitcoin Mining Might Be Last Defense Against A CBDC, Rate Cut Coming
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Welcome to the episode of the Cinecraft Podcast.
Welcome to the Cinecraft Podcast.
You're listening to the Ax22 Report.
My name is Dave and this is episode 3377 and today's date is June 12th, 2024.
And the title of the episode is Bitcoin mining might be last defense against a central bank digital currency.
Rate cut coming!
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 nonstop.
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, you can see they're going down the path that I do believe Trump and the patriots already knew they were going to go down.
And you can see that their mission is to convince the people that everything is great while they destroy the economic system.
Trump and the Patriots mission is to show who's responsible for destroying the system and who the liars are.
And I do believe people now are seeing this.
And once again, everything the deep state has been trying to do with the Green News scam, the Great Reset, it is not working.
The people aren't buying what they're selling, especially when we look at the student loans.
The people of this country, they realize, wait a minute, these people decided to go to college, these people decided, you know, I'm gonna study, you know, gender studies, and there are no jobs out there, and all of a sudden Biden said, you know something, maybe we should just cancel all the student loans and let everyone else pay for it, which is absolutely ridiculous.
It's almost like going to school, studying real hard, getting an A, everyone else didn't study, and you have to take your A and give it to everyone else, and now you have a D, and everyone else has a D or a C.
Because you had to give up everything because you were the hard worker, you're the one that studied, everyone else didn't.
This is exactly what's going on in this country.
But we know why Joe Biden is doing this.
This is because the presidential elections are coming up.
Plus, he promised everyone back in 2020 he was going to do this.
Even though the Supreme Court told him, hey, you can't do this, it's against the law.
But again, he doesn't care about the law.
But the people, they see it.
And that's what's most important.
The people, they see exactly what he's doing and most Americans do not approve of Biden's student loan bailouts and this is according to a new poll.
I don't think it really is coming as a surprise to everyone that people aren't agreeing with this because remember there's hard-working Americans all across this country and when they see people going to school and they don't have to pay back their loans And that burden now is on everyone else that is working.
Well, I think the people get it.
The people see it.
The people understand it.
And remember, the Supreme Court told Biden that he could not do this and he did it anyway and then bragged about how he went up against the Supreme Court.
You know, the Supreme Court that told him he couldn't do this.
So actually, he's breaking the law.
And right now only three in ten adults approve of Joe Biden's new loan debt forgiveness.
Four of ten say they disapprove.
Combine that with the rest of those respondents saying that they are either neutral or don't know enough to say, and it is clear this move by Biden has completely and utterly failed.
And it has failed.
And the people, they're watching the entire economic system fail.
Now, once again, we have a separation.
We have a illusionary economy, which the Fed, the deep state players in government, they're the ones who created this illusionary economy by manipulating everything.
Now they manipulated this from the very, very beginning.
Remember, when we came off the gold standard, what happened to the value of the currency?
It declined rapidly.
And when you have a declining currency, how do you convince people that it's not happening?
You gotta manipulate all the calculations.
You gotta manipulate GDP, unemployment, Inflation, you name it.
And this is why we're at the point we're at.
People now are going about their business, they're experiencing real life, they know how much they're making, they know how much their bills are, they know when they're being lied to.
Because when they have to pay out a lot more and they have a lot less in their bank account, or nothing in their bank account, they know they've been lied to.
And here, once again, We have the Fed out there saying he doesn't have an answer to why people are not happy with the economy.
He said that all the data is strong and we have an economy growing at a solid pace.
Yeah, you can have an economy growing at a solid pace if you use manipulated numbers.
That is growing at a solid pace, but the reality of what the economy is actually doing is completely and utterly different.
And remember, 56% of Americans, they believe we're in a recession.
When this gets worse, And everything really starts to break down.
This number, 56% of Americans, this is going to skyrocket.
Remember, the people, they're not stupid.
They realize exactly what's going on.
And even though they're being told that inflation is coming down, remember inflation is cumulative.
So it doesn't disappear, it just slows.
But people still experience the inflation that already went up.
And that's why Biden is never going to be able to convince the people and the Fed is never going to be able to convince the people that everything is OK.
But again, they don't care about that.
They don't care what people are seeing.
They don't care about what people are experiencing, because all they got to do is keep the narrative going.
And that's their entire push, just like back in 2008, 2009.
Everyone realized that the economy was falling apart.
People that were getting laid off, they realized it.
The people that couldn't afford their homes because they had variable rates, they realized there was problems.
Banks realized there was something wrong because credit was a problem and everything started to fall apart.
Now, of course, during that period of time, the Fed The Republicans at that time, the RINOs, they were trying to convince everyone that everything was great.
And people in this country, they realized something was wrong, but they just couldn't put their finger on it.
Now, remember, a lot of people were asleep back then.
A lot of people didn't realize what was going on.
But this time, I do believe it's very, very different.
I think people are much more awake than ever before, and people can see the difference.
Now, right on schedule, We see that the inflation rate fell to 3.3 percent.
Yeah, you know something, when you remove certain things from the inflation calculation, of course inflation is going to go down.
Just like if you decide, you know something, we're not going to count crime in all these different areas.
Well, yeah, crime is going to go down.
So the same thing's happening here right now.
You remove certain things, you manipulate the calculation, and you can actually show inflation Goes to zero.
But in reality, when people go to the market, when people go to pay their insurance, when people go to pay their bills, they know that this isn't true.
But we could see the inflation rate as they're calculating it to keep the illusion alive.
They're letting us know that the inflation rate fell to 3.3 percent below expectations of 3.4 percent.
But of course, this is right on schedule to what the deep state, the central bank, the World Economic Forum is going to do.
They need to build the narrative as we approach the presidential election to convince the people that inflation is under control.
And this marks the 38th consecutive month with inflation above 3%.
And the Fed, they are now looking at the inflation rate saying, OK, it's coming down.
I wouldn't be surprised by September if the inflation rate, if they can get it down to about 2.9, 2.8 percent, because at that point they're going to say, OK, close enough.
We can then cut the rates.
And I do believe this is exactly what they're going to do.
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 nonstop.
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.
As the inflation rate comes down, they're going to build the narrative, like it's building right now, that they will cut the rate.
The CoBC letter on X put this out and said, Fed leaves rates unchanged for seven straight meetings.
Officials raise 2024 inflation forecasts from 2.4 to 2.6 percent.
Median forecast shows just one rate cut in 2024.
Median forecast shows 100 bps of rate cuts in 2025.
Fed says inflation has eased but remains elevated.
Median 2024 core pce inflation estimate up from 2.6 to 2.8.
We expect the Fed to continue their meeting by meeting approach.
Of course they are and I wouldn't be surprised if they raise the official inflation forecast to what 2.7 2.8 around that Area, so they can make the case, hey, this is the perfect time for a rate cut.
And I do believe that's exactly what we're going to see.
Actually, MarketWatch put out a very interesting article.
It says, how will the soft May CPI reading impact the Fed by starting the clock on a potential September rate cut?
And we can see as we approach September, we know what needs to happen.
They need to convince everyone, and this is why we've been saying this for a very long time, that the economy is doing well.
Remember, we're approaching a presidential election.
The Biden administration is in bed with the Federal Reserve.
The Federal Reserve is not apolitical.
They are totally political and they're on the side of the deep state players.
Because the deep state players, they want to keep that.
Remember, all the deep state players, all the Ds and the Rinos, what do they want?
They want the central bank digital currency.
They want the fiat currency.
All the patriots want what?
The alternative currencies.
They want Bitcoin.
They want gold.
They want silver.
If you notice, there's a very, very big difference.
And that should tell you everything you need to know.
Because when push comes to shove, The Dees, the RINOs, the Fed, they will push as hard as they possibly can to keep their system because this is what keeps them in control.
This is what keeps the criminal syndicate funded.
Because if you lose the private Western Central Bank and you use an alternative currency, what happens to everything that we see today?
The entire criminal syndicate completely implodes on itself because how do they get the funds to function?
They can't money launder.
They just can't keep borrowing.
Because the alternative currencies, gold, silver, it doesn't work that way.
You just can't print, print, print, print, and print, and borrow, and borrow, and borrow, and borrow.
It doesn't work that way.
So what is this going to do?
It would shut down quite a bit.
And this is why the deep state, the central bank, They don't want this to happen, especially all the other, you know, agencies and other organizations across the world, like, you know, all the NGOs, World Economic Forum and everything else.
They don't want this to end because this is free money for them.
This is how they function.
And I do believe once we get rid of the Private West Central Bank, once we get rid of this money laundering and the printing and the borrowing, what's going to happen?
All of this is going to disappear.
And all these individuals, why would they want to be in government if they're not money laundering?
Why would they want to be in government if they're not becoming rich?
They won't want to be.
And this is going to cut down on corruption quite a bit.
And you can see that, yes, just let the central bank, the deep state players, just let them do what they do best, destroy their own system.
And I do believe this is why Trump put the resident in position because he knew exactly what they were going to do.
They were going to borrow, they were going to spend, they were going to borrow, they're going to spend, and they were going to destroy this entire system.
Why?
Because he knew the playbook.
He knew that they were going to bring us into the Great Reset, the Green New Scam.
And you can see he's already setting up countermeasures.
He's already giving us solutions what we're going to do to bring the country back and what we're going to do to stop the Federal Reserve, to stop the central bank system.
But think about how much is being spent in the government.
FX Hedge put this out on X and says the Treasury got hundreds of billions of dollars in additional tax revenue in April, which is why the debt dipped briefly.
But the government has blown through all of that and then some, which is why we're back to setting records.
Yeah, because they can't help themselves.
Trump, the patriots, they knew exactly what they're going to do.
Now remember, Biden Deep state, central bank, they're completely against any type of alternative currency.
And yes, this includes gold.
This includes silver and Bitcoin.
And remember, the Biden administration has been extraordinarily hostile to Bitcoin, as well as the broader cryptocurrency ecosystem.
Remember, they launched an Operation Choke Point 2.0, whereby regulators effectively instituted new rules via press release, instructing banks to stop doing business with companies in the digital asset space.
Further, the White House proposed a 30% tax on the energy used to mine Bitcoin, which would make it unprofitable and completely uneconomical for the industry to do business in the United States.
Well, really think about this.
Why did they have to attack Bitcoin that way?
Because how else are they going to attack it?
It's decentralized.
It's very, very difficult to attack Bitcoin the way they attack gold.
And they had to use other methods.
But all of that is failing.
I mean, from the very, very beginning, they said, hey, criminals use it.
Don't use it.
You know, it's used on the dark web.
They made so many different excuses, but no one really actually went ahead and listened to them.
And they didn't follow along what they said.
And they were really pissed off about that because people continually transition their fiat currency into crypto or gold or silver.
Now, gold, they figured out ways to manipulate it.
Now, in the future, they might figure out ways to manipulate Bitcoin.
Again, with any system, the people must always be ready to counter what they're trying to do.
Because if we go back to sleep, they will just do the same thing no matter what currency we're using.
Because they always try to figure out ways to manipulate and to actually creep back into the system.
So they figured out a long time ago that if they created a paper market, hey, we can manipulate the gold market.
Well again, if we the people are awake and we stop them, they wouldn't be manipulating the gold market.
The same thing with Bitcoin.
If they figure out a way to manipulate it like they were trying to put a tax on it, if we didn't push back, Well, they'd be manipulating it right now.
They put Bitcoin and all the miners out of business.
And Trump, he's letting everyone know, no, Bitcoin is going to be used to counter the central bank digital currency.
He put this out on Truth and it says the following.
Vote for Trump.
Bitcoin mining may be our last line of defense against a CBDC.
Biden's hatred of Bitcoin only helps China, Russia and the radical communist left.
We want all the remaining Bitcoin to be made in the USA.
Absolutely.
And remember, one in four Americans own Bitcoin.
That's more Americans than are over the age of 65.
Really think about this and think about how many people now are going to Costco and purchasing gold bars there.
I mean, I don't mean the gigantic gold bars.
I mean the one ounce gold bars.
But think about how many people are now going out of their way saying, you know something, I need that gold bar.
I mean that should tell you everything you need to know.
So if one in four Americans own Bitcoin and now people are gobbling up gold in all in Costco and many other places.
That should tell you the people, they're starting to understand, they're starting to realize that the fiat currency is losing value and sooner or later the fiat currency is going to implode.
Which means the people are waking up, which means the people are doing research, which means the people are starting to understand the economic system.
And once people start to really understand and really start to research and look into it, they start to realize that we've been fooled for a very long time.
that we've been living in an illusionary world controlled by the private West Central Banks.
And they enslaved us into continually working harder and harder and harder and never getting ahead.
And actually, if you really think about it, they want to place a carbon tax on every single person just to live, not to work, just to live.
That should tell you everything you need to know.
And I do believe the people are waking up.
The people are starting to understand the truth now.
And Trump, he needed to show everyone.
This is why everything has been accelerated.
This is why people now are really experiencing inflation.
People are really experiencing how they lie to we the people.
They see the difference between a devaluating currency and A currency that holds its value and goes up while the central bank currency is devaluing.
So I do believe people now are seeing it.
And this is very, very important to move away from the private West Central Bank.
And I do believe this is the direction we are all heading in.
And Trump set it up, set up the deep state, set up the central bank, set up the World Economic Forum.
So in the end, he will have all the leverage to move us in a completely different direction.
Listen everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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