Bob Kudla – Fed Is Trapped In Their Own Agenda, Red October, Watch Japan & The Bond Market
Bob is the created and owner of Trade Genius Academy. Bob also does a podcast on YouTube which is called Trade Genius. Bob begins the conversation with the fake job numbers, the job numbers have been manipulated and the Fed is using them to make their decision. The Fed knows the stats are fake because the entire economy is fake. Japan had to raise rates, they will do this again. When the Fed cuts the rates people will sell off and move into the bond market, Japan will most likely raise rates, this will push the market down and the people will panic. We could see a red October.
If you want a comfortable and secure retirement, Bitcoin is for you.
Michael Seller, a prominent advocate of Bitcoin, predicted Bitcoin could reach $10 million per coin.
With only 19.72 million of circulating supply and 21 million of total supply.
Bitcoin is near exhaustion, but demand is just starting.
10 million per coin is in play.
And you know, what's the best part?
If you invest with my digital money.com through a crypto Roth IRA, you won't have to pay capital gain tax.
Imagine buying that 60,000 selling at 1 million and zero tax.
And that's what my digital money can do for you.
Most importantly, they have a battle-tested, multi-layered security.
My Digital Money provides military-grade security for all crypto assets through a partnership with a global leader in IRA Equity Trust.
Your coin is safe with MyDigitalMoney.com.
So if you want to safely invest, invest with MyDigitalMoney.com.
Let's talk about protecting our wealth.
Are you worried about the future of the U.S.
economy?
With so much uncertainty in the air, it's natural to fret about the security of your retirement savings.
But there's one asset that stands the test of time, and that is gold.
For centuries, gold has been a hedge against market volatility and economic instability.
With a gold IRA from Noble Gold Investments, you can harness the power of precious metals to help protect your financial future.
By rolling over your existing IRA or 401k into a self-directed gold IRA, you can enjoy the potential for long-term growth and stability.
Diversify your portfolio with a tangible asset that has real value.
Setting up your gold IRA has never been easier with Noble Gold Investments, streamlined process, and expert guidance.
This election year, don't let election volatility and uncertainty keep you up at night.
Vote for the timeless safety of gold and silver in 2024.
Noble Gold Investments will give you up to 10 one-ounce silver Trump coins or a 10-ounce silver American flag bar if you open a qualified account.
Go to x22gold.com.
That's x22gold.com.
Or click the link in the description.
And remember, there's always a risk of investment and there's no guarantee of any kind.
Music.
Music.
Music. *music* Hi and welcome to the X22 Report Spotlight.
Today we have a returning guest, Bob Goodlatte.
Bob is the creator and owner of TradeGeniusAcademy and that is TradeGeniusAcademy.com and I am very happy to have Bob back on the X22 Report Spotlight.
Bob, welcome back to the Spotlight!
Hey, Dave, thanks for having me.
Hey, thanks for coming back on.
And since the last time you were on, I mean, we always talk about the economy and what's going on with the climate change hoax.
But this time around, things have kind of changed because all of a sudden we get information that the Biden administration manipulated the job numbers.
Now they call it a revision.
Oh, no, no.
We go back.
We revise.
And, you know, they revised it where almost a million jobs haven't really been created.
So do you really call this a revision?
Because that's a very high percentage rate that, you know, that they're off.
So is this really a manipulation or is this a revision?
Well, it's absolutely a manipulation and it is a revision.
So if people could bear with me one second, how this happens is that they make assumptions about how many people are being hired when a new business comes on because they can't capture New employees for a new company, you know, soon enough into the into the system, basically, you know, you do new hire reports that that people have to send into the government, you know, that those are delayed.
So, so if you have a rosy forecast, You can take that birth-death model and create jobs that never existed.
The other problem we had, Dave, is that with the PPP fraud lifted the birth-death model as well.
And what I'm told is that there may be another 1 to 2 million jobs, including with this 800,000, that were never jobs in the first place because it created all these new federal ID numbers.
You know, and which were fictitious in order for people to get the PPP money.
And they never really had jobs or employees, but they were fabricated in order to capture, you know, the grants from the government.
And so, yeah, so I think unemployment is absolutely overstated.
And the reason why I know that this is manipulated, There is a thing out there called the Sam's Rule, S-A-H-M-S.
When unemployment rate rises over a certain amount over a certain period of time, it's almost 100% correlation with a recession.
There's a lot of pressure on Jerome Powell not to lower interest rates, because there's a lot of really wealthy people that are collecting 5% coupons with no really risk.
And they know once they start cutting rates, that's a signal to the market to sell stocks and buy bonds.
So if this thing was not manipulated, we would have already had a rate cut in July, and maybe I could even argue into May, they would have done it, would have been forced to do it.
So once again, you know, Main Street gets clobbered You know, to protect the political class in Wall Street.
So yeah, this is, to me, this is a fraud.
They should not even have a birth-death model in there.
It should just be clean from the employment records that come to the government for taxation.
And that should just be the anchor in which everything gets recorded because you can't manipulate that.
So if this number is manipulated or, you know, it's revised, we know that other numbers are also revised.
Inflation, GDP.
So how do we believe that these numbers are real then?
And also, the Fed is basing their decisions off of these numbers that are manipulated.
Yeah, well, if they watched your show, they don't believe Dave.
But back to your point, the Fed knows.
The Fed knew that number was fabricated, too.
So Jerome Powell even said in a prior Fed meeting is that they were concerned that the numbers were overstated.
So they're already preparing.
They're out, basically, to blame the Biden administration for the delay.
They have 2,200 PhDs.
Dave, what the heck do they do?
Right?
They knew these numbers.
Like, you and I know these numbers!
We're two guys talking to a computer monitor.
You know, so I mean, so you know, I don't, I don't buy this stuff.
All it's designed to do is to create narratives, right, and drive algos.
Because, you know, you can't ever admit you're wrong anymore, because that becomes a tack ad, right?
So you just simply lie until you're forced to revise.
And then you just pretend like you never, you're shocked.
I mean, shocked that this happened.
You know, so, so you can't really rely on that.
And that's why I don't listen to the news at all.
I know it moves the market.
But you know, you're better off just reacting to the to the event, versus trying to anticipate, you know what they're trying to do, or you just need to understand the narrative, right?
But Jerome Powell, if you're going to get to this question, stop me but Jerome Powell all but said we're gonna start cutting rates.
I mean, he was as clear as bell.
Like you said, they have all these PhDs.
They know exactly what's happening.
And their mandate is to make sure that there's full employment.
So they're monitoring employment.
And their other mandate is to make sure that there's no inflation, which they haven't even been following that.
So if they knew this, Well, my question is, you know, if they're supposed to be maintaining the economy, why didn't they come out and say, you know something, we gotta cut now because we're looking at the unemployment rate.
Like you said, we should cut in July, we should cut in June.
Why are they waiting until September?
Ah, Dave, Dave, Dave, Dave, Dave.
You got the band-aids wrong.
Actually, what they mean to say when they said that is, we gotta make sure the banks are liquefied and profitable.
That's why they held it up.
You know, the banks were earning massive interest, you know, pushing their excess reserves into the Federal Reserve, right, collecting all those coupons.
By the way, which is a tax on us.
I don't know if people realize that.
When a bank has excess reserves, they can place it with the Fed and earn an interest rate on it.
So why lend money to you and suffer potential default risk when you could pick up four and a half, five percent by keeping it with the Fed short term, right?
And by the way, that causes the Fed to lose money, but the Fed never really loses money.
Who loses money is the Treasury.
Right.
Because they have an equal program, right?
When the Fed makes money, it goes to the Treasury.
When the Fed loses money, it comes out of the Treasury.
So we've been funding the banks here during this whole ramp up in interest rates, Dave.
So let's disabuse everybody of the notion that That is unemployment and, and, and, and, you know, a strong or consistent currency is their mandate.
Their mandate is and only and always is, is to make sure that the banks stay liquefied and not freeze up.
That is their only mandate, and which he can never say.
We see all these numbers coming out, and I think people are starting to feel that we're in a recession.
When I start to talk to people, and you know, people making a fixed salary, or the younger generation, or middle generation, they really understand it, because they realize, okay, I'm getting this paycheck every two weeks, I'm going to the supermarket, I see my homeowners going up, I see health insurance is more, I see that I'm paying a lot more in fuel, and everyone understands and they realize that, okay, I have this fixed amount, And I know what I have to pay.
So people feel it.
Plus they understand that they hear rumors in their businesses where they're working and they hear that, oh, layoffs might be coming.
They might be cutting.
So I think people are starting to understand that there's major, major problems, even though they're trying to convince us that everything is fine.
I mean, do you hear the same thing from people?
Yeah, not only hear it, we see it.
So, um, yeah, I mean, look, you know, you make a good point.
You know, one thing is, They did a poll.
People will prefer to be in a recession than to have inflation.
The reason being, 85% of the people are still working, right?
It's just the small and fortunate few that get whacked out of a job.
Inflation, nobody escapes.
And so everybody pays higher costs.
And first thing that happens is that you you end up taking away any any savings you have, because you're trying to maintain a lifestyle.
The second thing is really interesting psychologically.
There's two types of spending people do.
They do the have to have spending, right, where you're just grinding it out all day long just to survive.
And then what I call the psychic spending.
These are things that you want to spend money on, you know, things that give you joy in life, you know, basically, instead of existing, you're living.
Well, in this environment with inflation and with with potential employment slipping, is that that part of the budget goes away.
And then people are ending up just existing.
And that is the worst place to be if you're a politician, because people then get really upset.
You saw the panel they did in Philadelphia.
You know, those people clearly understand where the problem lies.
And you don't want to hear that.
And look, inflation is really simple to understand.
Government is spending more than they're making.
And that then gets translated into a higher cost because government has to monetize away that debt.
So yeah, so it's it's it's bad news and you can feel it.
So, with everything that we're seeing, I see that Bitcoin and gold, Bitcoin has popped back up, then it's dropped again.
Gold is moving up, but it dropped a little bit, but it's, they're at, like, almost their all-time highs.
Do you think, with everything that's happening with the market, with the recession, with inflation, do you think Bitcoin and gold are going to climb much, much higher?
Yeah.
So what we're seeing is, you know, instead of a total collapse of the stock market, we're seeing what I would call the Great Rotation.
We saw this in the 70s.
We saw this in the early 2000s, where people are going to bail out of the NASDAQ high tech stocks and they're going to roll more into the commodity space.
So there's a study done showing when velocity collapses, gold likes it.
You can see it already.
And I think gold and silver are going to benefit from that.
Oil is benefiting from actually a slowdown in production, but also discipline with OPEC and then potential for war in the Middle East.
And so Bitcoin's been a little bit of a head scratcher.
It's been stuck in a range since February.
I mean, you can make good money on the bottom and the top of the channel, but people have been really expecting this breakout.
It should be right now, post-halving, we should be in breakout mode.
So if this thing doesn't Push up to, you know, all time highs here by the end of September, then we got to rethink what what is really driving the stagnation in Bitcoin.
And the thing about Bitcoin that's interesting to me is that it's basically a fortune teller.
Okay.
Bitcoin sniffs things out, moves in the market before the market does.
So that has me a little bit with my eyes open here.
What is Bitcoin seeing that the rest of the market isn't seeing?
But right now it's stuck in a range.
But I personally think it's going to break out because now we're going to have this liquidity pump coming in from the Federal Reserve.
And Janet Yellen's going to be pumping too.
And I think, you know, going into the election, I think Bitcoin will benefit from that.
But gold for sure is breaking out.
And it likes this environment.
And it's long-suffering.
So when you have a base as long as gold has been basing, you know, the move is not done yet.
$2,700 is my next target.
And then we'll see where we go from there.
So if people are interested in trading and people want to, you know, get a little bit of help, maybe they've never been in trading, they've never been trading Bitcoin or gold or oil or any other stock, do you have any specials or anything this month?
Yeah, like usually we do for you, Dave, is we put specials together for seven bundles, pre-discounted 65% off.
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What we charge for the service is nothing to what you get out of it.
Great, I'll put all the links at the bottom of the video to make it easier for people to go right over.
Just about a month ago or so, we had a dip in the market and a lot of people panicked and they were like, holy crap, what's going on here?
Because I think everyone was expecting the market to go to $50,000 or $60,000, whatever it is.
Let's talk about protecting our wealth.
Economic immortality.
If you want a comfortable and secure retirement, Bitcoin is for you.
Michael Seller, a prominent advocate of Bitcoin, predicted Bitcoin could reach $10 million per coin.
With only 19.72 million of circulating supply and 21 million of total supply, Bitcoin is near exhaustion, but demand is just starting.
10 million per coin is in play.
And you know what's the best part?
If you invest with MyDigitalMoney.com through a crypto Roth IRA, you won't have to pay capital gain tax.
Imagine buying that 60,000, selling at 1 million and zero tax.
And that's what My Digital Money can do for you.
Most importantly, they have a battle-tested, multi-layered security.
My Digital Money provides military-grade security for all crypto assets through a partnership with a global leader in IRA Equity Trust.
Your coin is safe with MyDigitalMoney.com.
So if you want to safely invest, invest with MyDigitalMoney.com.
Let's talk about protecting our wealth.
Are you worried about the future of the U.S.
economy?
With so much uncertainty in the air, it's natural to fret about the security of your retirement savings.
But there's one asset that stands the test of time, and that is gold.
For centuries, gold has been a hedge against market volatility and economic instability.
With a gold IRA from Noble Gold Investments, you can harness the power of precious metals to help protect your financial future.
By rolling over your existing IRA or 401k into a self-directed gold IRA, you can enjoy the potential for long-term growth and stability.
Diversify your portfolio with a tangible asset that has real value.
Setting up your gold IRA has never been easier with Noble Gold Investments' streamlined process and expert guidance.
This election year, don't let election volatility and uncertainty keep you up at night.
Vote for the timeless safety of gold and silver in 2020.
Why do you think we had a dip?
Yeah, the dip was because the Japanese raised interest rates because their inflation was getting intolerable.
American flag bar.
If you open a qualified account, go to x22gold.com.
That's x22gold.com or click the link in the description.
And remember, there's always a risk of investment and there's no guarantee of any kind.
Why do you think we had a dip?
Yeah, the dip was because the Japanese raised interest rates because their inflation was getting intolerable and they had to basically bite the bullet.
And so the market reacted violently to that because the Japanese have been engaged in what they call the carry trade for the last 14 years, which is basically they create currency out of thin air.
And with that currency, they buy assets in countries that have higher yields, like the United States.
So they're, in effect, supporting our stock and bond markets.
So when they raised interest rates, the yen got stronger.
When it got stronger, all those short positions had to be recalculated.
And they instantly caused a 10% market correction.
They're not done yet.
They still got to do another tranche of the same level here.
They got to raise interest rates some more, you know.
And so at any point here we can get another 10-15% correction just off the yen.
Not to mention anything economically with us or a war over in the Middle East that's more than what it is today.
So that's why it happened.
And then Japan blinked.
And the market came right back.
But at some point, Japan is not going to have a choice.
And at some point, they're not going to have a choice and they're going to have to continue to raise afterwards.
So that is one of the big worries that I have for the market going into next year, is how are they going to solve that problem?
And they're going to solve it by raising interest rates, which will cause a problem in our stock market.
At the same time, we're lowering our interest rates.
Which then makes buying long bonds, U.S.
long bonds, more attractive than stocks.
So the Japanese could still be in our markets, but they could shift all their money out of the stock market into the bond market because it's going to pay a higher return.
So things can get pretty nasty pretty fast if this raises its ugly head again.
Yeah, so we mentioned the rate cuts coming in September.
Now, what's very interesting about this is that the Fed, they keep saying, no, we're independent, we don't like to do things during the election year, we like to stay out of it, but they decided to do it in September.
Do you think this is politically motivated?
No, I think it's because they got caught with their hands in their pants here with the unemployment announcement for the revisions.
And they had no choice but to cut.
I think the Fed would have preferred not to cut to December.
Since they're going to cut and Japan has to raise their rates and bonds are going to become more attractive, it feels like we have a perfect storm headed our way.
And do you see maybe a red October heading in our direction?
Yeah, I mean, I think it could start right after the Fed meeting in September 17th and 18th.
So, um, so the red October could be a red end of September, end of October.
Usually get a little bit of lift going into the election.
So, but you can still have four weeks of selling, you know, end of September, beginning of October day for sure.
And I'm planning on that.
That's what I think is going to happen too.
Because money is going to shift And especially if they keep putting this False polling data showing Kamala Harris winning the election Is that people are getting really Scared because her policies are absolutely Insane Well her policies are kind of Copying Trump's policies now So it feels like we have a copycat and she's just using everything that he has.
Except for taxation.
Yes, except for that.
So going into October with all of this, this reminds me, and I know we mentioned this last time, it reminds me of 2008.
Because in 2008, we had the market, you know, all of a sudden come down in October.
And at that time, it was the Republicans that had control or the rhinos had control of the presidency.
McCain was running against Obama.
McCain was saying the economy is perfect.
Obama was saying, no, the economy has problems.
Now it's turned all around.
Now we have the Democrats who are in the presidency.
Kamala is running right now.
Maybe she'll be swapped out.
Who knows?
And Trump is saying, no, there's problems with the economy.
It looks like, you know, we have major, major problems.
So, this is really reminding me of 2008, and if the market does come down, everyone's going to be looking at this going, okay, they lied to us and Trump told the truth.
Yeah, you know, there's an analog out there.
If I find it, I'll send it to you because it'll be a good show thing for you, showing how basically 2007, 2008 are lining up to what's happening now.
And so, you know, yeah, scary times are ahead of us if that thing plays out.
You know, I'm more in the camp of the 2000 to 2002, kind of a 73, 74, 75 environment.
2002, kind of a 73, 74, 75 environment.
There's still nasty sell-offs, you know, 40, 50%, but they're slower.
And I think those are more damaging because a lot of people are going to keep trying to buy the dip all the way down.
In 2008, the markets just simply collapsed.
You know what I mean?
If you were out of it, you got some good V bottoms.
But if it does what I think it's going to do, it's going to be insidious.
And it's just going to be long and slow and everybody's going to try to buy the dips and lose money, get stopped out.
And I think that's going to grind two or three years before we find a Of phase one, you know, basically short term bottom.
But I think, you know, the potential of this market to go down is quite high.
We did it.
We did a podcast on our show yesterday talking about the real estate market, you know, being 300 percent overvalued.
I mean, it's just insane, you know, and stocks are not far behind in terms of their overvalued nature.
So.
You know, I think big trouble's ahead of us.
Let's say Trump is elected.
Do you think the markets will then be pumped up, or do you think they'll continually drop until he's inaugurated?
Yeah, I think it's going to be just like what happened in 2016.
I think you're going to get a good guy lift.
He'll get the benefit of the doubt.
And if he does the policies that I think he wants to get done, we'll get a sell-off in the market.
He can't avoid it.
But the people won't care as much because they won't be unemployed.
Okay, because his whole thing is going to be I'm going to take the jobs out of the height of the Chinese and the Indians and everybody else, and I'm bringing them to this country.
So people might be mad that stock market's going down.
But you got to remember, you know, 90% of the stock market is owned by the richest 50%.
So, you know, 100% 80 million people in the United States can give a rip what's happening in the stock market.
They care about having a job, being able to pay the bills.
And I think they'll be delighted with Trump's policies.
And then the people be pissed would probably be the people in the stock market that don't understand what he's trying to do.
Hey, Bob, thank you very much for being on the X22 Report Spotlight.
Once again, how can people join up to your training system?
Yeah, go to tradelikeagenius.com.
Or call 1-800-949-1408.
And then you can get a hold of us either way.
And then check out our specials.
I think you'll like what we offer.
And we're having a good time.
We love these kind of markets.
Great opportunity to make money.
Whenever there's volatility, there's opportunity.
Thanks for having me, Dave.
Hey, thanks for being on.
I'll put the links at the bottom of the video and the phone number at the bottom of the video so that make it a lot easier for people to get in touch with you.
Once again, thank you very much for being on the Spotlight.
I really appreciate it.
Thanks for having me.
Thank you.
Let's talk about protecting our wealth.
Economic immortality.
If you want a comfortable and secure retirement, Bitcoin is for you.
Michael Seller, a prominent advocate of Bitcoin, predicted Bitcoin could reach 10 million per coin.
With only 19.72 million of circulating supply and 21 million of total supply, Bitcoin is near exhaustion but demand is just starting.
$10 million per coin is in play.
And you know what's the best part?
If you invest with MyDigitalMoney.com through a Crypto Roth IRA, you won't have to pay capital gain tax.
Imagine buying that $60,000 selling at $1,000,000 and zero tax.
That's what My Digital Money can do for you.
Most importantly, they have a battle-tested, multi-layered security.
My Digital Money provides military-grade security for all crypto assets through a partnership with a global leader in IRA Equity Trust.
Your coin is safe with MyDigitalMoney.com.
So if you want to safely invest, invest with MyDigitalMoney.com.
Let's talk about protecting our wealth.
Are you worried about the future of the U.S.
economy?
With so much uncertainty in the air, it's natural to fret about the security of your retirement savings.
But there's one asset that stands the test of time, and that is gold.
For centuries, gold has been a hedge against market volatility and economic instability.
With a gold IRA from Noble Gold Investments, you can harness the power of precious metals to help protect your financial future.
By rolling over your existing IRA or 401k into a self-directed gold IRA, you can enjoy the potential for long-term growth and stability.
Diversify your portfolio with a tangible asset that has real value.
Setting up your gold IRA has never been easier with Noble Gold Investments streamlined process and expert guidance.
This election year, don't let election volatility and uncertainty keep you up at night.
Vote for the timeless safety of gold and silver in 2020.
