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Dec. 3, 2020 - X22 Report
18:44
Ep 2344ba - Trump Gets Waller On Fed Board, Shelton Standing By, Restructure On Deck
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Hi and welcome You're listening to the X22 Report.
My name is Dave and this is episode 2344 a.m.
Today's date is December 3rd, 2020, and the title of the episode is Trump Gets Waller on Fed Board, Shelton Standing By, Restructure on Deck.
Let's talk about investing.
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Let's get into the economic collapse financial news.
Now the deep state, the mainstream media, the corrupt politicians, the central bank, they've been trying everything to bring this economy down.
They did everything they could.
They failed.
They failed big time.
Trump and the patriots, they are in control of the economy.
And when we look at the economy, we know that Trump has certain plans.
He's pushing them forward.
Everything that we're watching right now is to redo the American system, not reset the global system.
And what I mean by this is that the economy that we live in was created by the central bank.
Trump and the people that are working with him, they're going to break this illusion.
Move us out of a central bank economy.
This economy does not benefit the people.
It benefits the elite.
It controls the people.
Very big difference.
And what they've been trying to do is they've been trying to bring this entire system down and Since he got into office, because their plan was to implode the economy and reset it.
Period.
That is it.
But they're not getting their way.
Every time they look at the market, it moves up.
Every time they look at gold, it hasn't dropped back to where it was when Obama was president.
Everything is not going the way they want.
And they thought, well, if we can just keep these states shut down, if we can just keep people from working, if we can destroy the small businesses, we'll be able to push our agenda forward.
And what we're starting to see is, it's all starting to fail.
People are starting to come out of the woodwork and they're starting to protest.
They're not taking it anymore because when you shut people down and when you deprive them of making a living, People, well, they're backed into a corner.
They reach the point of destruction.
And when they reach that point, and there's nothing else to lose, they come out fighting.
And we're already starting to see this.
We're seeing it in New York.
We're seeing bar owners, restaurants, where people are protesting, saying, this is enough.
We can't do this anymore.
You're allowed to have Walmart open.
You're allowed to have Home Depot open.
You're allowed to have the big chain restaurants open, but small businesses, we can't open up.
It doesn't make sense.
And these individuals, they are losing the battle right now.
The people are pushing back.
And we can see that with the jobless claims, which the mainstream media like to present during the pandemic, the beginning part of the pandemic, where they're saying, look how many people are out of work.
Nobody will be able to find a job.
Well, that's not turning out true either.
Actually, can you imagine if all the states...
And all the towns and the cities, they open back up and people are allowed to go back to work.
What do you think the economy would look like right now?
It would look pretty darn good.
And actually, as Trump continually deregulates, gives more and more tax breaks, tax holidays, Makes better trade deals.
Brings industry back to the United States.
It's just going to get better and better.
And when we look at the jobless claims, we see that new weekly jobless claims fell to 75,000 to 712,000 in the week ending November 28th.
And this was much better than expected.
Economists had expected claims to tick up from the initial estimate of 778,000 to 780,000.
But that didn't happen.
Actually, it dropped.
Now, this is very interesting.
Let's look at the states that have the highest insured unemployment rates in the week ending November 14th.
And they sound very familiar.
California, Nevada, New York, Illinois, Michigan.
It's those states that are shut down.
Look at the other states.
People are going back to work.
People are going back to school.
People are going out shopping.
And in those other states, they don't see the same thing.
And there's a reason for this.
Remember, Trump, he's doing the opposite of what the central bankers, what the mainstream media, what the elite want him to do.
They wanted him to lock down everything.
They wanted him to shut down the country.
Instead, he left it up to the governors and the mayors.
This way, When you're looking at the overall board, you can see who the dictators are.
You can see those leaders who are trying to deprive you of making a living.
Those leaders that are taking away your constitutional rights.
It's very, very, very easy to see.
And people are starting to understand this now.
And people are fighting back.
We see that Congress right now, they're passing a bill to boot Chinese companies from the stock exchange if they don't comply with audits.
Now of course China is not happy about this but the Senate approved the legislation earlier this year and now it's heading to Trump.
Most likely, he's going to sign this.
And it's going to put China in a very difficult spot.
Actually, those leaders that are involved in some of these companies, it's going to put them in a difficult spot.
But we can see that Trump is moving forward with his plan.
And remember, this is about controlling the central bank, moving the United States away from the central bank establishment.
Because the Great Reset That is bringing all the countries together to be ruled by the central bank establishment, the elite.
Trump is doing the opposite.
He's moving the United States away from the central bank establishment.
This is why he has Chris Waller, who is just confirmed, going on to the Fed.
Judy Shelton, she's on standby right now.
She's not out of the picture just yet.
And we can see that Chris Waller, he won the vote 48 to 47.
And we can see that both of these individuals, they have certain things that Trump needs.
For example, Judy Shelton, she's a gold bug.
She wrote a lot of papers about how we need to restructure the Fed, bring the Fed into the Treasury, go back to sound money.
We also have Chris Waller.
He is known for pushing low interest rates.
He worked closely with the St. Louis Federal Reserve Bank president, James Bullard, who was a vocal supporter of lower interest rates in 2019.
Waller has argued that the Fed should not raise rates during 2019 and 2020 when inflation is very, very low and people's savings are high.
Why would Trump need this individual in there?
Because he needs to keep the central bank illusion alive.
He needs the rates to stay low, maybe even in the negative territory.
He needs stimulus to continue.
Remember, there are good guys and bad guys in the Federal Reserve.
Just like in government, there are good guys and there are bad guys.
Let's talk about investing.
Harry Dent just said gold price will see the strongest boom in history after reset at this level.
He's predicting $5,000 in a new interview.
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Trump is trying to get as many good guys that are on his side in the Federal Reserve because in the end, what I think he wants to do is he wants to restructure the entire system.
Move us out of the central bank system.
And the only way to really do this is to expose it all.
And how does that start?
Well, it starts with getting House of Representatives, the Senate, who will work with you.
Not against you.
Not those who are bought off.
Not those that are blackmailed or bribed by the central bank, by the deep state.
Remember, it's very easy to get rid of the central bank.
All Congress has to do is vote for it and pay off the original amount to the Federal Reserve.
And I do believe that Trump, he wants the people to see what the central banks have been doing for a very long time.
Because a lot of people don't understand the Federal Reserve.
Just like with the election process and with the pandemic, with everything else, people didn't understand that these individuals were going to take away your constitutional rights.
The same thing with the central bank.
A lot of people don't realize that the central bank is a private corporation.
The Federal Reserve is not part of the government.
And they've been doing nefarious things.
And all of this has been behind the scenes.
And I do believe that Trump needs to show the people that the system that they created, where the government borrows the currency with interest attached, then creates a tax organization called the IRS to tax every single person to then creates a tax organization called the IRS to tax every single person to This is not a benefit to the American people.
It doesn't actually work for the American people.
It doesn't make the country grow.
It's almost like your household.
Think about your home.
Think about your job.
If you're working and you're making $50,000 a year and you have debt and you keep on taking on more debt with credit cards because the value of the dollar is decreasing, can you get ahead by just making $50,000 a year?
Because that $50,000, that is losing value as they create more currency.
And as it loses value, your buying power disappears.
If your buying power is disappearing, what do you have to do?
You have to make up the difference.
Why do you think they introduced credit cards?
Why do you think they have payment programs?
Why do you think we went from financing to leasing?
Because as this continues on, it gets worse and worse and you have to make up the difference.
So now that your dollar is losing value, your buying power is lost because of this, you start to use your credit cards.
And as you use your credit cards, there's interest attached with it because you're borrowing the funds from a bank, just like the U.S. government is borrowing the funds from what?
The Federal Reserve Bank.
It's really a bank.
They're just creating this currency out of thin air.
So if you take your home and you're making $50,000 a year, that's losing value.
You're using credit cards to make ends meet.
And there's interest attached.
As you keep taking and using your credit card, can you keep up with it?
Or does everything start to fall apart?
The same thing's happening, not just here in the United States, but around the world.
As more and more countries take on more debt, as more and more countries push austerity, as the value of the currency decreases, your buying power decreases, You have to take on more debt.
That's why we see trillions and trillions and trillions worth of debt across the globe.
Here in the United States, what happens if you remove this like our founding fathers wanted?
What happens if you take away the Federal Reserve?
What happens if the people create their own currency?
Maybe it's backed by gold or something else, but there's no interest attached.
And there's checks and balances where you just can't create more currency.
What happens to the economy?
Is your currency worth a lot more?
Is your buying power there for you?
Yes, it is.
Do you need credit cards then?
No.
I mean, go back in time.
Go back to the 1800s, to the early 1900s, when the U.S. was on the gold standard.
How much would a penny buy you?
Remember, it's not the product that That's going up in price.
It's the currency that is losing value.
It's an illusion.
So back before the central bank came into play, that penny would buy you quite a bit.
And of course, when the central bank came into existence in 1913, you're not going to see the repercussions of their system just yet.
They move very, very slowly.
They put a plan into place.
And over time, they chip away at what they want to do here.
And they chip away at the economic system.
And as the government continually borrows, well, there's more that has to be paid back, which means people are taxed.
And you can see this throughout time.
But you can see that going back in time, a penny would purchase you quite a bit.
Actually, a dollar would purchase you quite a bit.
This is why when you bury an ounce of gold back in 1930, 1935, where it was $35 an ounce, you bury that ounce of gold, it's the same ounce of gold that it is today, it was $35.
You bury the paper money, which is $35.
You dig it up today, that ounce of gold is now, what, close to $1,900 pieces of paper?
And that 35 pieces of paper, well, it's just 35 pieces of paper.
You can see the difference.
That's how you know your currency has lost value.
So the question is, did gold move up or down in price?
No.
Did it move up or down in weight?
No, it's still an ounce.
So what changed?
It was the currency.
The currency lost value, which means you need the same pieces of paper, but just a lot more of them to purchase that same ounce of gold.
The same thing with products today.
The only reason You have to spend more on certain items is because the dollar is losing value.
Yes, production gets better, manufacturing gets better, they find new technologies, but you can see that to make up the difference, What did the central bankers, what did the elite have to do?
They had to move the manufacturing out of this country.
Yes, they came up with new technologies.
They came up with better ways of creating it, but the labor was too expensive.
So they had to move their manufacturing out of the country where they could pay people, you know, with pennies to make up the difference because the value of the currency was dropping so quickly.
And it accelerated over time.
And this is what Trump, the patriots, are trying to do.
They're going to reverse this.
They're going to put us back on sound money.
They're going to make it so there's no private Western Central Bank.
It will be a people's economy.
Listen, everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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