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June 28, 2024 - X22 Report
19:22
Ep. 3390a - Fed Prepares Rate Cut In September, Gold 3000, The World Is Watching
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Hi and welcome to the You're listening to The Axe 22 Report.
My name is Dave and this is episode 3398.
And today's date is June 28th, 2024.
And the title of the episode is Fed Prepares Rate Cut in September.
Gold 3000.
The world is watching.
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.
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Let's get right into the economic collapse financial news.
Now, the deep state corrupt politicians, the Private Western Central Bank, the World Economic Forum, you can see they are going down the track that was laid out for them.
I do believe Trump and the patriots, they know the playbook.
They know exactly what Biden is going to do next, especially his handlers.
And you could see as we get closer and closer to the presidential election and as the economy completely and utterly falls apart, Biden is going to have to prove to the people of this country that everything that he has done has been working.
And we know for a fact that everything that he's been doing is having the opposite effect.
And people feel it every single day.
He could lie to the people all he wants, but the people, they get it.
They understand it.
They know.
So he's going to force the Federal Reserve to cut their rates.
And I do believe this is going to start a chain reaction.
But you could see the Federal Reserve, they're already out there letting everyone know that their preferred inflation gauge shows that price pressures, they're easing further, which means they are building the narrative.
And they're going to continue to do this as we get closer and closer to the presidential election.
So when they look at this, they're excluding volatile food and energy prices, of course, and they're removing coffee from the calculation, and they're looking at inflation, and the core inflation only went up by 0.1% from April to May, 2.6% from 12 months earlier.
Both figures were slight improvements on the previous month's data.
So when they look at the situation and it just keeps up, we're going to be cutting the rate And they could start it as early as September!
So let's think about this for a second.
What happens when they cut the rates?
I think we all know.
And I do believe this is why JP Morgan's Kolonovic, he is out there, and Genevieve Rokdechter put this out, he's warning that the S&P 500 will plummet 23% by year-end.
This is a clear disconnect in the huge run-up in U.S.
equity valuations and the business cycle.
Maybe so, but Kalonovic has been wrong before.
Staying bullish in 2022 as the S&P 500 tumbled 19%.
Sticking with a bearish view in 2023 as the benchmark soared 24%.
The stock market is not the economy.
Never forget that.
But I do believe this time around, this individual from JP Morgan, he is not wrong.
I do believe once they make that rate cut, that's when everything is going to go into motion.
And I do believe this is when we're going to see the market come down.
Remember, the Biden administration, their entire narrative, their entire agenda is to show the people that their economic policies, they have been working and everything looks good.
On the other side, we have Trump and the Patriots, and what are they doing?
They are allowing the enemy to do what they do best.
I do believe they know the playbook, and they know that Biden, he is going to force certain things to actually prove that everything that he's been doing is working.
And I think Trump and the Patriots, they know this.
They know that they're going to do this.
And think about what Trump and the Patriots have done.
They've turned the tables on them.
Because once again, this is what Obama and Biden were doing to the Republicans back in 2008-2009.
Now we have Trump doing it to them.
Where they're the ones who are trying to prove to everyone that the economy is great.
They're the ones who are continually pushing the narrative that everything is fine.
They're the ones who are saying, look at the stock market, it's going higher and higher.
They're the ones who are doing all this.
And Trump, he's sitting back, okay, you build the narrative, you tell the people everything that you're doing, you show the people that the economy's strong, you go ahead, you manipulate everything, because in the end, This is going to be very very easy because as soon as the market comes down, what happens?
The people no longer believe.
The people...
They look at what Biden has been saying, they look at what the Fed has been saying, and they say, well, you just lied to us.
You told us the economy is better than ever.
The market's going up.
The fake news is on your side.
And all of a sudden the market comes down and now there's major, major problems.
Now, I do believe what's going to happen is that the market's probably going to come down sometime in October by maybe 2000, 3000, 4000, 5000 points.
And this is going to scare a lot of people.
And a lot of people are going to be very, very nervous about what is happening because, again, you have the real economy, the people that go to work every single day, the people that travel to go to work, the people that purchase food, the people that spend their money.
They know there's a problem.
They understand there's something wrong with the economy.
And as the the entire market fall apart, even though the people maybe they won't be in the market, but that when people see the market come down, people get nervous because, again, The companies, they depend on the market.
The companies react when something happens to the market.
So if we have individuals working for certain corporations and their company, their stocks, start to plummet, what happens?
What does the company do?
The company uses that as an excuse to lay people off.
And this is why people are very concerned about the market, even though they might not invest in the market.
And also it shows people that there's major, major problems.
Remember, this is the last signal that there's a major, major problem.
And I do believe that Trump and the Patriots, they're just going to sit back.
They're just going to let the deep state players, Biden, Obama, and the rest.
Let them build the narrative, let them continue to tell the people that everything is fantastic, and the people will see it for themselves.
Just like they're telling you that the border is secure.
How many more times can they say this until people start to say, yeah, you know what?
You're lying to us.
Look at all the killings.
Look how many people are coming in.
The border is not secure.
And while all this is happening, and I do believe as the market comes down, What we're going to see is we're going to see gold move up.
We're going to see Bitcoin move up.
And already Bank of America is eyeballing 3000 gold.
Now, if we do have a major crisis on our hands, I do believe gold is going to go much, much higher than this.
Now, think about this.
Go back to 2008, 2009, when everything started to fall apart.
What did gold do?
Well, in 2010-2011, gold started to move up rapidly, moved up to $1,900 until it was slapped back down.
Because again, the central bank didn't want people to realize that there was major, major problems in the economy.
We're already above $2,300 gold.
And Bank of America is saying it's going to be going to $3,000, which means it's going to probably go a lot higher than that when everything completely and utterly falls apart.
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So once again, we can see how this is all going to play out in the end.
And I do believe Trump, the Patriots, what they're going to do is they're going to usher in new talking points.
And these new talking points are going to show people that it doesn't have to be this way.
We can actually save the economy, save everything by just doing a couple things.
And I do believe that is what is being prepped and prepared for as we move forward.
Because once again, The Deep State players, their mission is to bring us into the Great Reset.
Their mission is to bring us into the Green New Scam.
They're the ones who are destroying their old system because they want to destroy their own system to bring us into the new system.
They were always going to destroy their old system, no matter if Trump was in office or he wasn't in office.
Their plan was always to bring us into the Great Reset.
It's not a conspiracy.
So they know that their economy is at its end life.
When you look back in time and you look at the central bank system, the fiat currency, when you're going full fiat, it only lasts between 40 and 50 years.
Then everything collapses and what they normally do is they have some type of cover story like a war to cover it up.
So when you go back in time, you can see Portugal was the reserve currency from what, like around 1450 or so to 1550.
Then it was Spain from 1550 all the way up to 1600s or so.
Then we had the Netherlands.
Then we had France.
Then we had the UK.
And right after the war, World War II, the US became the reserve currency.
So this has been passed on from country to country to country because every time there's a war, the winner of the war, they usually become the reserve currency.
And it looks like The United States in World War II, the United States was slated to be the reserve currency.
But to set everything up for the reserve currency, what did they have to do years prior?
They had to establish the Federal Reserve, which they did in 1913.
So they put everything into place, they set everything up, and they prepared for the United States to become the reserve currency of the entire world.
And then what happened?
Then they prepared for what?
To go full fiat.
Now, the central bank, they don't do this overnight because no one would accept it.
It takes time.
So basically, as time went on, they prepped everything.
And in the after World War II, in the 60s, that's when they started to really prep for the petrodollar.
Kissinger went out to the Middle East, he set it all up, he prepared everything, we had a dual economy running, we had the petrodollar out there, we were on the gold standard, and all they had to do is remove This country from the gold standard and we would go full fiat.
And that's exactly what we did.
And the clock started to tick.
And as soon as we came off the gold standard, the clock started to tick down and they only had 40 to 50 years.
And that's why they had to make preparations.
The preparations were let's move manufacturing out of this country, because if we kept manufacturing this country, people would realize, wow, these products are very, very expensive.
I can't afford all this.
They had to introduce credit.
They had to introduce Finance payments, lease payments, they needed two people in the household working.
As time went on they needed two people in the household working and maybe one of those people had a second job.
And this continued over time.
People were getting easy credit because you couldn't afford to live on your salary.
And this was being prepped for what?
For the next reserve currency that was going to happen.
And was it going to be the United States?
Well, I think the United States was going to lose the war.
That was going to be the cover story.
And they were going to replace the Constitution.
And another country was going to be the reserve currency, which I do believe it was going to be China.
That's what they initially planned.
And we could see that this time around, I don't believe it's going to work the way they think it's going to work, because again, there are different factors that are now involved in all of this.
When you look at Bitcoin, that didn't exist before.
Bitcoin now helps gold.
I know people don't think so, but it really does because it shows you another alternative currency.
And it shows you, wow, if Bitcoin is worth this month compared to the fiat, what is gold really worth?
Is it really only worth 2300?
Absolutely not.
So that means it's manipulated.
And this allows people to see past the talking points of the Fed, past the talking points of the trolls, past the talking points of the fake news.
You start to see the truth and it becomes clearer and clearer every single day.
And now as we approach war, which we are approaching, as we approach the deep state players, the central bank destroying their own system to try to bring us into a new system, people will see it all.
And what's very interesting is Bolivia's central bank, they have now lifted the ban on Bitcoin payments.
Which is very, very interesting because now banks can transact with Bitcoin.
So now we're starting to see more countries take on Bitcoin and think about what Trump has just done.
He is all for Bitcoin.
Think about what McGetts is doing.
He's saying you can use Bitcoin to pay for your taxes, which means it is now a currency The world is changing.
Now that doesn't mean gold is pushed to the side and nobody cares about gold.
Gold is a hedge against inflation.
Gold is an insurance policy.
Why do you think all the countries are ramping up on gold?
Because they know the pieces of paper, they're worth absolutely nothing.
Gold is what you hold.
Bitcoin is what you hold.
Because if you go back to Weimar Germany, what happened to the pieces of paper?
They were worth absolutely nothing.
But what happens if you had gold?
Back then, gold was the money.
It retained its value.
The pieces of paper did not.
People were using that to light their furnaces on fire.
Children were playing with it because it was worthless.
The people who had gold, they kept that safe one way or another.
So you see the world is completely changing.
The world is now watching.
They're watching everything play out.
And I do believe in the end, Trump and the Patriots, they're going to have all the leverage to push this entire system away from the central bank because the people must see it to believe it.
If they don't see it, they're really not going to believe.
Yes, they experience certain things, but they need to actually see what's going on and they actually need to feel it.
And I do believe once people do that, the people will say, okay, they've been lying to us.
They're accountable for everything that has happened.
We don't believe them anymore.
What direction should we go in?
And I do believe this is when Trump, who's just been sitting back letting the deep state do what they do best, he knows they're going to destroy their own system.
The optics are absolutely incredible.
He's going to come out and give solutions like we've never heard before.
He's already given some.
Drill, baby, drill.
Remove regulations.
Place tariffs and fund the government.
Remove taxes.
He's already letting you know where we're headed.
You think people like every single one of those?
Absolutely!
And once we start doing this, this is going to spark the new economy and the new economy is going to take off like we've never seen before.
And I think people are going to be very surprised how quickly the economy starts to bounce back.
Now I'm not saying the next day everything is great, but if you have an economy bounce back in six months and it gets better in then eight months.
It gets incredible in one year's time.
You see the improvements.
That means the people will be with you, which means Trump can make more moves.
Because if people have a lot more money in their pocket, they're a lot happier.
They can afford their bills.
People will be all for it.
Wait, you can even make my life even better?
And I do believe Trump is going to let us know how he's going to do it.
And I think we're already starting to see how he's going to do it.
And I do believe once we get rid of the private central bank system, we're going to see a system that we've never, ever seen before.
Listen, everyone.
Thanks a lot for listening.
Be well, be safe, and especially be prepared.
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