➡ Many people are feeling financial strain, but a proposed $5,000 relief could help ease their burden. This money, which is being redistributed from cut programs, could potentially boost the economy as people spend it. Meanwhile, gold prices are rising, hinting at a return to the gold standard. However, there are questions about the actual amount of gold in Fort Knox, as audits only check the seals of the vaults, not the gold itself, leading to calls for a more thorough investigation.

➡ There’s a growing call for an audit of Fort Knox to confirm the gold reserves are genuine. If the gold isn’t there, the price of gold could skyrocket due to a shortage. The article also discusses a plan to make the U.S. independent of the Federal Reserve, potentially by abolishing the Internal Revenue Service and shifting the tax burden to outsiders. This could lead to a return to a gold standard and the use of cryptocurrencies in the economy.

➡ Trump suggests a balanced budget could be achieved by cutting expenses and increasing tariff income. He also hints at major changes like eliminating the IRS and Federal Reserve, and returning to the gold standard. The outcome of these proposals is yet to be seen.

Hi and welcome. You’re listening to the X22 report. My name is Dave in this episode. 3577am Today’s date is February 20, 2025 and the title of the episode is Howard Lutnick Confirms Abolish IRS which Leads to Abolish the Fed TikTok. You know what’s interesting? After an extremely warm summer in 2024 that saw a spike in power bills, now households are seeing the same problem with heating bills. As America heads into the peak of a frigid winter, families are bringing attention to exceptionally high heating bills they received earlier this month that are almost double that of the previous month.

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They’re actually telegraphing where all of this is headed and you could see Howard Lutnick is already out there saying we’re going to abolish the irs. The plan is to get rid of the irs. Now if the plan is to get rid of the irs, it means they’re going to take the next step and that means they’re going to get rid of the Federal Reserve and I do believe that is going to be restructured back into the treasury and we the people are going to take control over the currency and this is going to change everything that we know today.

Remember the private what’s the Central bank system. They created this system, and it is their system. We’ve been living in their system for a very long time. I think people are going to be very, very shocked when they start to learn what a true economy really is and what it’s like to have the power of creating your own currency instead of borrowing the currency with interest attached. And like Trump said from the very, very beginning, we’re going to no longer take the wealth from within this country to fund the government. We’re going to take it from the outside to fund the government, and the people will be able to keep everything that they make.

Every when you work hard, when you go to work and you make the money, you get to keep it. That’s the way our founding fathers wanted it from the very, very beginning. And I do believe Trump of the Patriots, they’re bringing us right back to that point in time when the Constitution was created. And I do believe this is why the calls to audit Fort Knox is getting louder and louder and louder. And once again, does Trump know if there’s gold in Fort Knox? Most likely he does. And I think he wants to show the people if it’s there or if it is there.

And there’s two different scenarios that can play out in this, because if there is no gold, that means a lot of people are going to have a lot of questions. The gold prices are going to surge like crazy, and that would just cripple the entire fiat system. If there is gold in there, well, it doesn’t add to the supply, so the price is not going to go down. And everyone will say, okay, we have the gold, and this is going to make it a lot easier for this country to go back to the gold standard. So no matter which way you look at it, I don’t believe there’s a problem in either direction if we don’t have the gold.

I do believe we have gold underground, and I do believe Trump will probably sign executive orders or Congress will pass bills where we’ll start mining the gold that we need, because I do believe we have plenty of gold under the earth here in this country. So let’s see how this all plays out. This is going to be very, very interesting, but you have to remember every step of the way and everything that Trump is doing right now, I do believe he’s setting everything up to remove the private west central bank system. And you could see already he’s cutting the government down in size.

He’s then moving towards tariffs and drilling for oil and eventually removing the taxes. And I do Believe this is why Howard Lutnick is out there letting everyone know that this is the direction that we’re heading in. And what’s very interesting, we mentioned this yesterday. Trump, he was out there saying, you know, all hail the king. And we could see Kathy Hochul and everyone else in the fake news. They’re all going crazy over this. And you have to remember, he’s getting rid of the taxes. He’s getting rid of all these things that they put into place, and these people want to put these things back into place.

And they’re calling him a dictator, a king, and they’re saying, we don’t want this. But a king doesn’t do this. The king actually taxes the people. A dictator taxes the people. They’re the ones who are actually doing it. So basically, he’s showing the people who’s acting like a king. Is it me or is it them? Because I’m unraveling the entire system that they created, and they want to keep it. They want to keep the irs. Think about what they wanted to do. They wanted to hire 88,000 IRS agents to go after we the people. Trump is getting rid of the IRS agents and get.

And planning to get rid of the IRS altogether. So their plan is completely and utterly backfiring. And what’s very, very interesting about this is that the. And George put this out. The Democratic governor of New Jersey released a statement thanking Trump for terminating New York’s congestion toll, which was costing New Jersey commuters a ton of money. And Kathy, she wants to put that back into place, and she’s trying to sue. Who in their right mind wants a tax? Because before it was zero, then she said it was going to be 15, and then she said she was going to save money by putting it at nine.

It was zero from the very, very beginning. Who in their right mind wants a congestion tax? Because if they put a congestion tax on the roads, I mean, we already have toll roads. What do you think they’re going to do next? They’re just going to keep adding taxes. Soon she’ll place taxes on the subway system. Yes, you’ll pay your fare, but then there’s an additional tax. I don’t know anyone in their right mind that wants more taxes, more money taken away from them. And Trump is proving this every single time. But you can see the deep state players, they understand his plan.

The central bank understands his plan. And you can see already they’re starting to build the narrative about the interest rates, about his tariffs. And this is coming out of Fortune magazine. Trump shot himself in the foot with a tariff plan if he wants an interest rate cut, Fed minutes show. So basically, they’re going to blame all of this on Trump, at least try to blame it all on Trump. But again, I don’t believe this is going to work, because as he starts to drill for oil, he’s going to be lowering the cost of oil, which is going to lead to the lower cost of fuel, which just means it’s going to be lower cost of deliveries, lower cost of production.

People are going to have more money in their pocket. So people are going to feel like inflation is dropping. And this is going to put the Fed in a very, very difficult position. And I do believe he has them trapped. Plus, Trump is already talking about giving everyone in this country $5,000 from all the money that Doge is saving right now. And he revealed that he’s seriously considering a proposal to give 20% to every American taxpayer, funded entirely by the massive savings from the Department of Government Efficiency. So. And another 20% of DOGE savings could go straight to pay down the federal government’s bloated debt.

So that’s very, very interesting. Now think about it. Over Biden’s time living in the, in the, in the White House, as a resident, he created this inflation problem. And most of the people were hurt by this. A lot of the people were hurt by this. A lot of the very, very wealthy, they really didn’t experience that much, but the everyday person feels it, and they feel it really, really hard. Giving people $5,000 is going to solve the problem? No, but what it’s going to do, it’s going to allow people to feel a little bit of ease.

Plus, the people that are receiving it, they’re going to look at Trump and go, holy crap, look, were cutting all these ridiculous programs and he decided to give the money to we the people. Now, I wonder if all these people that are protesting Trump and Elon, are they going to give their $5,000 to all of these programs where all this money was going to? Because, remember, they didn’t want all this to end. So are they going to give their 5,000 to the transgender flying monkeys in Pakistan or Sesame street in Afghanistan or gender studies in Nepal, are they going to do this? Because if they don’t and they keep the money, how dare they? Because this is what they’re protesting against, right? Is every single Democrat in government, are they going to give the $5,000 to these programs? Because, remember, this is what they’re complaining about.

So this is going to be very Very interesting on how this all plays out and we’ll have to see what happens. But again, this money is not going to cause inflation because this is money that was already spent. It was already out there. Elon is just cutting the expenses and redistributing the same exact money. And actually with the people having the money and they start spending in the, the retail economy, we might see the economy start to improve much, much quicker. But let’s see how this all plays out. This is going to be very, very interesting.

The other thing that’s really interesting is that we could see that gold, it is continually moving up and up and up and up. And I do believe that people are starting to understand in what direction we’re heading in. Right now we’re heading in the direction of going back to the gold standard, going back to the Constitution, removing everything that they put into place back in 1913. And right now, gold prices have recorded a five consecutive weekly gain. This is the longest streak since 2020. So this is very, very interesting. And basically people are wondering, is there gold in Fort Knox? Now, Dan O’Donnell, he was interviewing Secretary Scott Pess and he confirms that yes, we have an audit every year and there is gold in Fort Knox.

But we need to break down exactly what he means by audit and what he really means by there is gold in Fort Knox. Because it’s not just simply saying we see an audit and we go to every single, you know, bar and we check it out and yes, we have it. What they do is they check the seals. You know what’s interesting? After an extremely warm summer in 2024 that saw a spike in power bills, now households are seeing the same problem with heating bills. As America heads into the peak of a frigid winter, families are bringing attention to exceptionally high heating bills they received earlier this month that are almost double that of the previous month.

This rise in utility costs are even forcing some to have decide paying for food, medicine or their heating bill. That’s why I use this amazing portable heater and absolutely love how toasty warm it makes my home without the added heat it costs. This amazing device is a portable but powerful mini heater that makes any of my rooms warm and cozy in no time. It’s compact enough that I can take it anywhere, but powerful enough to warm up my bedroom, office, living room or anywhere else I need nearly instant warmth. Plus it includes built in safety features like overheat protection and adjustable heat levels.

From simple warmth to toasty comfort, which my family and I love. And the lower heating Bills is the icing on the cake. Do your wallet a favor. Grab one up to 60% off this winter season only at staywarmnow.com/order today and you’ll receive free expedited shipping, a 60 day satisfaction guarantee and several other free bonuses. Once again, that is stay warm now.com or click the link in the description. So they make sure the seals are intact. They’re not checking every gold bar, so that’s all they’re looking at. So each full compartment containing deep storage gold, the bulk of the reserves at Fort Knox, Denver, West Point is sealed with official joint seal.

After its contents are audited. These seals are tamper evident and affixed by a committee typically comprising of representatives from the treasury, the US Mint, and sometimes the Federal Reserve bank of New York. The annual audit involves inspecting these seals to ensure they remain intact and unimpaired. If a seal is unbroken, the assumption per the audit protocol, is that the gold inside hasn’t been disturbed since its last physical verification. Just think about that for a second. The last physical verification. So unlike a full audit, which would involve opening the vaults, counting every bar, verifying serial numbers, weighing the bars, conducting sample assays for purity, seal check process doesn’t require entering the vaults or handling the gold unless a seal is compromised or a vault must be assessed for operational reasons.

Hmm. So that’s very, very interesting. So they’re just looking at the seals. They really don’t know if there’s gold in there. So historical records indicate that since 1986, completion of the continuing audits, no comprehensive physical recount of all 147.3 million troy ounces at Fort Knox has been publicly documented. Small samples of gold have been removed periodically during scheduled audits to test purity, as noted by the US Mint. But they haven’t really looked at the bars, they’re just looking at the seals. So that’s very, very interesting. And 1953 was the last full audit. So that’s interesting. In 1974 of September 23rd, there was a delegation including members of Congress and journalists, and it was loud into Fort Knox.

This event, often mischaracterized as an audit, was more of a public reassurance tour. According to the US Mint, the group viewed the gold reserves, but no detailed assay or inventory was conducted beyond checking vault seals later by auditors from the General Accounting Office and Treasury. So if the gold was taken out before 74, right after the audit of 53, in between this time period, and they went in there and they went ahead and they sealed Everything back up. Since that time, all they’ve been looking at is the seals. And if they don’t see the seal broken, they assume that everything is okay.

But what happens if the gold was taken out before that point in time? That means the gold really isn’t there. And we never really had a full audit after that. And when they say audit, you have to remember they’re just looking at seals. So could someone, could the central bank have removed the gold? Because remember what happened in 1971, we came off the gold standard. So after 54, throughout the 60s, up until 74, they could have gone in there, they could have removed the gold, re established the seals, and no one would have been the wiser.

And this is why they’ve never ever had a full audit except looking at the seals. Now, I’m not saying that the gold isn’t there, but this is very, very interesting. And those individuals, like senators, they go in there and they only look at seals. They don’t look at the true gold. They don’t go through everything. And what’s very interesting is that Senator Mike Lee, he said he was denied access. So this is all very, very interesting. And I do believe that we need a complete full audit. And we have to go not just looking at the seals, we need to go in and look at every single thing.

And there’s audit reports that are missing, which we discussed last time. But Trump, he’s letting everyone know that we need to go see if the gold is there. Now I do believe he already knows what’s in the vaults and I do believe if we actually had the gold, he would just say, no, we got the gold, I know it for a fact. What happens if we don’t have the gold? And he’s telling us that we need to look to see if it’s there. And everyone is shocked at the same exact time. I mean, this might happen, it might not happen.

But Trump, he did say, we gotta go look at the gold, take a listen, we’re gonna go into Fort Knox to make sure the gold is there. You know that we’re gonna go into Fort Knox. Do you know about that? That was a bad bump. Are they going to eliminate more national security positions, civilians there? We’ll see what happens. But one of the things we do want to look, I mean, we hope everything’s fine with Fort Knox, but we’re going to go to Fort Knox, the fabled Fort Knox to make sure the gold is there. Where were the gold? If the gold isn’t there, we’re going to be very.

And Elon once again responded to this and said, you know what, let’s live stream Fort Knox. Let’s go in there and start to take a look. And we need to be very, very clear. We’re not going in there to look at the seals. We want to see the gold bars. And we should do tests on the gold bars to make sure that they’re actually gold, make sure they’re not lead bars sprayed in gold paint or tungsten. We need to make sure that it’s truly gold. So this is going to be very, very interesting. And it sounds like the call is getting louder and louder and louder.

Kip Herridge put this out and said Trump will order Doge to audit for Knox to ensure all the gold is officially accounted for. For more than two decades, precious metal experts have doubted the reported gold holdings at Fort Knox. Next up, do the same with paper gold ETFs like GLD. With potentially serious structural issues surrounding the ability to deliver actual gold instead of paper gold, it’s time for a full accounting. Chuck Calesto says Fort Knox need to be insured. What happens if nothing’s there? Kip responded to this and said if the gold is not there, the price will likely soar past $10,000 an ounce because it’s going to mean that there’s a shortage and people are going to panic and people are going to go and they’re going to purchase gold and the gold price is going to go up very, very high.

And what happens if the gold is there or what happens if the gold half of it’s there? Well, number one, if it’s all there, it doesn’t add to the supply. So the price is really not going to change. It will actually ensure confidence that we can go back to the gold standard. And I do believe the gold price would start to rise and we would see the gold price move up and probably not as high as what would happen if there was no gold, because I think people would panic and the price would shoot up. But I do believe the gold price would start moving up.

And I don’t believe that the gold price will dip because we’re not really adding gold into the system. That gold is already there. So this is going to be very, very interesting how this all plays out. But I do believe Trump is actually setting the narrative and preparing everything for what is about to happen. I do believe what’s about to happen is we’re going to be funding the entire system outside of the Federal Reserve, outside of we, the people and the funding of the government is going to come from the outside, and the people, what they earn, that is not going to be taken anymore, which means the Federal Reserve is just going to be a shell of a building in the end.

And you can see already Trump is looking to fire at least 6,000 IRS workers to start off with. I do believe there’s going to be a lot more coming down the pike here. And remember, the D’s wanted to do the opposite. They wanted more IRS agents, like 88,000. Because who do you think these agents were going to shake down? They were going to shake down the everyday person. They weren’t going to go to the wealthy. They were going to go down, and they were going to shake down the everyday person in this country. Just like during the time of kings and queens, when they needed more money, they went to the farmers, they went to the serfs, and they were told, you have to hand over whatever you have, and if you have nothing, you better find it.

But what’s very interesting is that Howard Lutnick, he shared his, him and Trump’s plan, and he is letting everyone know they’re going to ax the IRS and shift the tax burden to outsiders. Pretty much what we’ve been saying from the very, very beginning. I do believe the entire plan is to go back to a time, which is the Constitution, where we don’t have the Federal Reserve. We use tariffs, we use the sale of oil, and we use that to fund our tiny little government. And that means we don’t need the IRS and we don’t need the Federal Reserve.

And Howard Lutnick says his goal is to abolish the Internal Revenue Service and let all the outsiders paint. I mean, this is someone who is focused on America. Let’s drive down our waste, foreign abuse, and let’s start funding everything from the outside and not the inside. Because this is what the deep state, the central bankers did. They decided, you know what, let’s enslave the people. Let’s take their wealth through inflation, which is a hidden tax, through income taxes, through state taxes, through sale taxes, through tolls, through, you name it, they just keep adding taxes. Because the system that we’re in today doesn’t function correctly and it does not benefit the people.

Actually, in the end of this system that we’re in, it cripples the people and people can’t make ends meet. And this is what we’re experiencing today, because if we just let the system play out, the system would destroy almost every single person. And I do believe this is why Trump and The Patriots, they’re prepared and ready to reverse everything. Now, I do believe this is going to be a battle against the central bank system, because, remember, they don’t like to go quietly into the night. But I think his strategy, and I’m talking about Trump’s strategy, is actually brilliant because what you do is you set it up and you make sure that we can be completely and utterly independent from the Federal Reserve.

And once we are independent and we’re funding the country and we’re not taking the money from we the people, that’s when you start attacking the Federal Reserve. Actually, this is when you show the entire world that we don’t owe the debt that, that they’re saying we owe. You show that there’s criminal activity, you show this fraud and you start to do audits. You have the, you have Congress pass a bill to actually do an in depth audit of the Federal Reserve, because once that happens and we find out that we don’t owe all this debt because a lot of it was fraud and criminal activity, it means that we the people don’t have to pay that much back, which means we get to keep a lot more of the income coming in from tariffs and oil sales.

So I do believe in the end, Trump is going to make us completely and utterly independent of the Federal Reserve. And at the right moment, at the right time, we’re going to detach and it’s going to be a very clean separation and we’re not going to have a deep, you know, recession or a depression or anything like that. And I think his strategy is very, very sound in what he’s doing right now. And I do believe in the end he will start building the narrative of gold and going back to sound money and he’ll start talking about this is like during the elections he started to mention crypto.

Actually, if you go back before that, he said he doesn’t like crypto. It’s not good. I don’t want, I don’t want crypto. And then right before the elections, he was all on board with crypto and he’s still on board with crypto. So I do believe, yes, crypto, the blockchain is going to play a role in the new economy. I think gold is going to play a role in the new economy. And I do believe this is what he’s been setting up this entire time. And you can see the central bank, they’re going to try to stop him by, I think they’re going to try to crash the economy, but it’s not going to work.

And you know what people are feeling right now? The people are really, truly feeling the recession that we’re in right now. And you can see that people are having a very difficult time. And Trump, by giving people 5,000 right now, I know this is just a band aid fix, but it’s going to relieve a lot of people of the pressures that they’re under right now, because everything that Biden has done and this will allow people to function a little bit, especially those people that are really, really struggling. I mean, just, can you imagine just getting an extra $5,000 out of nowhere? I mean, I think a lot of people can use this right now.

Plus, people will look at this and go, hey, this is, this is not what a king does. The king usually takes the 5,000. They never give the $5,000 back. And if Doge continually cuts and cuts and cuts and people get another 5,000, another 5,000, I think people are going to be very, very happy. And like I said before, it’s going to be very, very interesting with the D’s and all these people that are protesting the fake news and the installed Democrats, I just want to see if they’re going to take their 5000 and send it over to Nepal, send it over to Pakistan, send it over to Afghanistan or any other country.

Let’s see if they do it or are they going to take it. That’s going to be very, very interesting. But Trump, he put this out on truth. He said the following. Balanced budget. Now, let’s give it a shot. Lots of money coming in from tariffs. Do it, djt. And he’s absolutely right. I do believe we can balance it all, cut the expenses. I think it’s going to be absolutely incredible. Let’s see how this all plays out. But I do believe the direction is clear and we are heading towards removing the irs, removing the Federal Reserve, and going back to the gold standard.

Listen, everyone. Thanks a lot for listening. Be well, be safe, and especially be prepared. Thanks a lot, SA.
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