Ep 3344a – Biden Is Desperate Cancels More Student Loans [CB] Telegraphs Next Move
Summary
➡ Biden’s plan to cancel student loans is causing dissatisfaction among both young and old generations. Young people are struggling to find jobs despite their degrees, and older people are upset about bearing the burden of student loan payments. Meanwhile, the Federal Reserve’s potential rate cuts could give the illusion of a healthy economy, but it’s predicted this will lead to a system collapse. This situation could provide an opportunity for Trump and his supporters to gain leverage and pivot away from the current economic system.
Transcript
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 x 22 gold.com.
That is x 22 gold.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, big tech fake news, the puppet masters, they are now panicking because the people of this country, the people of the world, they can see exactly what’s happening with the economy. And Biden, he’s becoming very, very desperate. He’s continually canceling student loans, thinking that, hey, you know something? If I do this, the youth, they will stay with me. They will be with me to re elect me in the election. But all that’s doing is causing more and more problems.
The people in this country where they see him canceling the student loans, they’re becoming angrier and angrier. And the students, they’re seeing that, yeah, you know something? If I don’t have a job, that’s not really going to help me. And the other thing is, if I’m not making enough and I can barely survive. Yeah, this help will help me a little bit. But eventually what’s going to happen, as I’ve been experiencing this, is that everything is getting worse. And just by you canceling the student loan, yeah, it might feel great right in the beginning, but later on it’s really not going to make that much of a difference.
And I think the people, they’re starting to realize this as they watch the entire economic system completely and utterly fall apart. Now, I do believe the fed, they are letting us know that they are prepared and ready to most likely cut the rate one time. Now, I don’t think they’re probably going to do this on their own. I do believe this will probably be forced by the Biden administration. And you could see from the very, very beginning to keep everyone happy and to make it look like they’re doing a great job. They came out with this idea that, yeah, you’re going to see six, eight, whatever rate cuts.
And I do believe this was to make the market pop up, make it look good, the economy is on the right track. And now as we go down the path closer and closer to the presidential election, everyone’s starting to realize that’s not the case. And I do believe in the end, what’s going to happen is they’re going to have to do something. Even if they do nothing, the entire system falls apart. So when the people see the entire system fall apart, when they do nothing, if they decide to take this track, the people are going to go, okay, you did absolutely nothing, and the whole thing just fell apart.
Everything that you did previously didn’t work. And now if they go ahead and they cut the rate and everything falls apart, everyone’s going to look at them go, okay, you cut the rate and everything just fell apart. Why did you listen to Biden? He doesn’t know what he’s talking about. So no matter what they do, the Fed’s independent. That independence that goes down the drain, their entire plan goes down the drain. They are in a lose lose situation right now. And when you look at the economy, it is completely and utterly falling apart. And the people, they know this.
They’re not stupid. They understand, because they live it every single day. They go out there and they say, okay, here’s my paycheck. I got to pay for fuel. I got to pay for my rent or my mortgage. I got to pay for my insurance. I can’t go out to eat. I can’t even buy fast food. The cheap stuff, I can’t even do that. I know something’s wrong here, and the people, they get it. But when you look at the economy and they keep saying how great it is, well, is it that great? The Kobe C letter on x put this out and said, all the data says the economy is strong.
While Starbucks stock fell 20% after reporting a 6% drop in traffic, Doordash stock fell 15% after reporting a 20 $1 million loss. Netflix stock fell 10% after reporting a weaker outlook for the third quarter of 2024. CV’s pharmacy stock fell 17% after net income fell by 50%. Etsy stock fell 11% after reporting weak earnings due to the macroeconomy. EBay stock fell 5% after reporting weaker guidance. So is the economy really strong? Is it back on its feet? No. Basically what the reporting is that there’s major, major problems. Remember the economy here in the United States, the GDP number and everything else revolves around the consumer.
70% or so of the GDP is the consumer. So when the consumer feels pressure and they’re making less because there’s the fuel prices are higher and they see inflation, the consumer contracts and the consumer says, well, I got to cut this out. I can’t purchase that. This is not going to work. And what happens? Well, corporations, they feel this and as they feel this and they’re making less money because people aren’t getting doing business with them. What do they have to do? They’re going to have to lay off people because you do need all these people.
If you’re earning less, if your net income falls, no, you don’t need all these people. So then what happens is more and more people are then laid off. These people don’t have jobs, so they’re not spending anymore. And the cycle continues and it’s a downward spiral. Spiral. And you have a complete and utter disaster on your end. Actually, when you go back to 2008, 2009, this is exactly what happened. Every, everything started to fall apart. People saw the rates moving up. People couldn’t afford their homes because they have variable rates. Corporations started to lay off people.
People didn’t have the income coming in, so they weren’t going out to eat at restaurants, they weren’t shopping at stores. You started to see stores shut down. And this spiral continued until the entire market fell apart in October, right before the elections. And we’re starting to see the same exact thing happen once again. Actually, CNBC had an article out there saying McDonald’s and other big brands warn that low income consumers are starting to crack because remember, the dollar menu is no longer the dollar menu. Most of these individuals who purchase this food, which was the cheap food, they can’t even do that anymore.
And we’re starting to see many different companies say there are problems here. And consumers, they are being pinched by inflation. Prices are moving up, which means the value of the currency is moving down and it’s making very, very difficult for people to live. And if they’re not purchasing and if they’re not buying. What happens to the fast food chains? What happens to the dollar stores? What happens to all these places? They start to shut down because as soon as they start to raise their prices, all these people say, I can’t afford this. What do you think? Why do you think the dollar store is closing so many dollar stores? Because the people, 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 twelve months. It is happening. Central banks are ditching the dollar and us 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 x 22 gold.com. That is x 22 gold.com or click the link in the description. They can’t afford to purchase those items because they’re no longer a dollar. And once again, all those people that working at all these stores, they’re going to be unemployed. And again, here’s the cycle once again, and this continues. But Biden, he believes he can make this okay.
He believes that, hey, you know what? I can make this okay. All I got to do is cancel the student loans. And the younger generation, those people that can’t find jobs coming out of school, they’ll just be on my side. But actually it’s working in the opposite way. And you can see with the backlash, with the protest on all these college campuses, this is what Biden actually did. He went out and said, okay, you know what I’m going to do? I’m going to cancel your student loan. Is it making the students happy? Not if they can’t find a job.
Because if the economy is terrible, you can’t find a job, you can’t make a living. Yeah, the student loan cancellation, it might help in the short term. Very, very short term. But as a month goes by, two months goes by, these people are going to say, okay, the economy is getting worse. There are no jobs whatsoever. This is not making me happy at all. And this is why Biden’s losing the young younger generation, because the younger generation is realizing there’s no job prospects and they’re coming out with these degrees that are absolutely meaningless. And it’s very, very difficult for them to find something even with the DEI and everything like this.
So Biden is making the young generation angry and he’s making the older generation angry. All those people that are working saying, why should I have to bear the burden of paying for everyone’s student loan? This makes no sense whatsoever. And in the end, this is going to backfire, just like the economy is completely backfiring. And I think the central bank, the Fed, they know it. And what’s very interesting is they just had their meeting. And here are the highlights of the meeting. The Kopecio letter put this out again and said the following summary of Fed chair Powell it is unlikely that the next policy move will be a hike.
Powell does not believe we are seeing stagflation. 2024 election is not part of the Fed’s thinking. Unexpected weakening of labor market could spur rate cuts. The Fed is not satisfied with inflation at 3%. It is unclear how long it will take for rate cuts to begin. So when I see this, and I see here what he’s saying, number one, where he’s saying that, oh, we don’t care about the election. Well, we already know the Fed absolutely cares about the election, and we know that Biden is going to push the fed into doing something. So, which, which means the Fed independence goes down the drain.
Will there be a hike? Well, if there’s another hike, this is not going to work because Biden and his entire policy of bidenomics, well, that’s going to be flushed down the toilet and it will show everyone that everything that Biden has been doing hasn’t worked whatsoever. That’s why they have the raised rates, because inflation’s not under control and everything the Fed has been telling us has not worked. So will they hike? Most likely not. Will they cut the rates? Now, I do believe that, yes, they will maneuver in a certain way to actually cut the rates.
And he said an unexpected weakening of the labor market could spur rate cuts. So I do believe in the end they’re going to try to explain why the rate cut is here. Biden’s going to be happy because it’s going to show that his policies are working. But in the end, what’s going to happen is that the entire system is going to completely and utterly fall apart, which is going to basically cancel everything the Fed said about being independent, and this is all going to backfire on the Biden administration, could backfire on the Fed, and this is going to be a complete and utter disaster.
Now, remember, the Fed is in a lose lose situation. So let’s say they didn’t cut the rate and they decided to raise the rates. Does that really help the Fed’s argument? Does that really help Biden? No, because the people are going to be looking, going, okay, I thought you said the economy was improving. I thought you said we’re going to have a soft landing. I thought everything was under control. If you’re going to raise the rates, that’s telling us that you’re trying to control inflation because it’s moving up. Bidenomics isn’t working at all. You told us it was.
You’re creating all these jobs. Inflation’s under control. Everything is great. So no matter which way they go, it’s going to be a lose lose situation. I do believe that Biden, the Fed, they want to make the play, to make it look like the economy is doing well. And the only way to do this is to show, hey, look, we don’t got to raise the rate rates right now. We can cut them. And it’s going to make Biden look good. And the people going to go, okay, he said the economy is great. He can go on this platform saying, see, the Fed just cut the rates.
Look how great the economy is. My policies worked. Everything that everyone was saying is wrong. And then the market falls apart and it crashes and everything comes tumbling down around him. There’s nothing that will be able to help them or even the candidate that is running, because as soon as they do that, it’s going to be a complete and utter disaster. And I do believe even if they bring someone else in and they use the war, they use what happened with the bridge, even if they use all of this to bring in the other candidate, because they’re going to have to explain why the economy is the way it is.
Of course, Biden can say, well, it’s not my policies. It’s because of these other things that are happening. And yes, the other candidate that’s coming in, they can use that to their advantage, saying, yes, Biden’s policies are working, but because of XYZ, the war, the bridge, and maybe something else, that’s why you’re feeling this. But otherwise, everything is great and everything is working perfectly. And I do believe this is why, in the end, they’ll probably end up cutting to make everyone believe that everything is great and they’ll probably do this very, very close to the elections, maybe the end of August, September timeframe around that area, but that’s not going to work, because in the end, as soon as they’re all clapping for themselves, that’s when everything starts to fall apart, and they’ll never recover from this.
It’ll be a complete and utter disaster. And I do believe Trump of the patriots, they know this. They know that as we get closer and closer to the presidential election, the economy is going to fall apart. I think everyone realizes this, and I think everyone’s starting to feel it. They feel the pressure. They feel their insurance moving up. They feel how much it is to purchase food. They feel how much it is to, to go out and, you know, buy a dinner in a restaurant. They understand that things are getting worse and worse as time goes on.
So I think in the end, Biden and the rest, I think they’ll push this narrative, but I think it will fail in the end. And Trump will be standing there looking at Biden or whoever the other candidate is, saying, okay, you just, just destroyed everything. I have a plan to rebuild it, because now people remember what it was like to live in Trump’s economy compared to Biden’s economy. So you buy nomics on one side, magnomics on the other side, and people are going to see the difference, which I already do believe they see the difference, but they’re going to really see the difference when the entire system starts to crumble and fall apart.
And Trump, the patriots, they will use this to their advantage. And I do believe this is going to get a lot of people on their side, and it’s going to give them a lot of leverage to pivot away from the private west central bank, pivot away from the World Economic Forum, where they want to bring us into the great reset and the green new scam. And I do believe he’s going to have the people with him. He’s going to have the power to do this. And the world will be watching, and the world will be watching and waiting to see what happens next.
And once they see what happens next, they will follow along. Listen, everyone, thanks a lot for listening. Be well, be safe, and especially be prepared. Thanks a lot..
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