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June 29, 2021 - X22 Report
15:36
Ep. 2514a - Sound Money Is Beginning To Spread Around The World
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Hi and welcome You're listening to the X22 Report.
My name is Dave and this episode is 2,514A.
And today's date is June 29th, 2021.
And the title of the episode is Sound Money is Beginning to Spread Around the World.
Let's talk about being prepared.
Just a few months ago, Texas experienced deadly blackouts during below freezing winter months.
Now, summer heat waves have the potential to cause mass blackouts all over again.
This time, however, the threat isn't just in Texas, but across the entire U.S.
This is why I highly recommend Lightbug.
Let's talk about being prepared.
The Lightbug is an ultra-bright floodlight that can be used virtually anytime, anywhere.
It's perfect for blackouts.
I use mine every time I'm working on my car, renovating my home.
It's perfect for power outages because the Lightbug doesn't require plugs or wires to work.
It's powered entirely by solar.
I'm always using the Lightbug, and it's the first thing I grab during a power outage.
It also has a power bank that allows me to charge my phone or other devices with solar power.
It's a must-have for preppers and survivalists.
Learn more by going to lightbug.com.
Plus, you'll get 20% off your first Lightbug if you order today using promo code X20. Let's get into the economic collapse financial news.
Now, Trump and the Patriots, they knew they needed people to experience what's really happening in the economy.
Trump, the patriots, they knew that the fake news, they were going to cover it up.
The corrupt politicians were going to cover it up.
They were going to use statistics and the Fed was going to be out there telling everyone that everything is fine, that there's no such thing as inflation.
It's transitory.
Don't worry about it.
Things are going to be fine.
We have everything under control.
All we need is the trillion dollar spending package passed and everything will be absolutely fine, even though this has nothing to do with infrastructure.
So how do you show the people that there are problems in the economy?
Can you give people statistics?
Sure you can, but who really looks at them?
What you need to do is you need to show people firsthand in real time.
And how do you do that?
Well, when we're talking about the everyday person who's out there working, where they have bills, they have a set amount that they need to spend and they know how much is coming in.
When people see more and more of their currency being taken from them, That's how they see it firsthand.
So let's take, for example, fuel prices.
When Trump was president, fuel prices were pretty low.
Could they be lower?
Of course they can.
Remember, Trump was playing within the central bank illusion.
This entire system that we're in right now was developed by the private Western Central Bank.
It's not an open and free market.
Interest rates are not adjusting freely.
It's controlled.
It's now completely controlled.
And this is what the private ones and central bankers wanted.
But once again, while Trump, while he was in his presidency, he kept fuel prices very low.
He cut taxes, removed regulations, renegotiated trade deals, placed tariffs on other countries.
And people, they noticed a difference.
They noticed that, hey, I have more currency in my pocket.
I have more to spend.
That's strange.
Actually, I feel good.
And people notice that.
Now, let's do the reverse.
When fuel prices go up, when fuel prices go up quite a bit, What do people notice right off the bat?
They have less currency in their pocket.
Take, for example, out in California.
I mean, we're looking at fuel prices.
They're almost hitting $6 a gallon.
And across the country, gas prices have hit a seven-year high.
Now, the people...
They have been saving over the pandemic.
Why?
Because they were stuck at home.
They weren't going on vacation.
They weren't really going out spending.
So the savings rate moved up.
Now people are using their saving rate because they need it to adjust for the inflation.
And inflation is accelerating.
Every consumer in the country feels it every single day.
Now remember, the Federal Reserve...
These officials have called inflation transitory, but what if they're wrong?
I mean, they told us there wasn't going to be a recession in 2008-2000.
I remember Bernanke in the beginning of the year said, there's not going to be a recession.
We're not forecasting anything.
And then by the end of the year, we had a recession.
So the public is worried about this.
We know this because 85% of Americans are concerned about inflation, and for good reason.
Last month, the Consumer Price Index rose at its fastest level since 2008.
At the same time, the Producer Price Index, which measures wholesale costs, rose at its most rapid rate in record history.
So rising producer prices translate into higher consumer prices.
This inflation tax could dramatically slow the economic recovery and make ordinary Americans, everyday Americans, hardworking Americans poorer.
Now, add on top of this, if Biden gets his tax hikes on small businesses and investments and everything else, And actually pushes up the minimum wage.
What do you think happens?
You think America just takes off?
No, we've seen this before.
This is the same formula they've been using for years upon years upon years.
Actually when Trump came in, he did the opposite of what they normally did.
And this is why people saw the difference.
Now, we know that Biden is having a problem with the infrastructure.
Let's talk about being prepared.
Power companies are fearful that 2021 summer heat waves could cause blackouts across the U.S. This is why I highly recommend the Lightbug.
The Lightbug is an ultra-bright floodlight that can be used virtually anytime, anywhere.
It's perfect for blackouts.
I use mine every time I'm working on my car, renovating my home.
Camping, hiking, you name it.
It's perfect for power outages because the Lightbug doesn't require plugs or wires to work.
It's powered entirely by the sun.
This is a must-have for preppers and survivalists.
Learn more about Lightbug by going to lightbug.com.
Plus, you'll get 20% off your first Lightbug if you order today using promo code X20. Plan.
We know that the Republicans are not going along with it.
Are they really putting up a great fight?
No, not really.
Trump, he decided to speak out about this.
He put out a statement and this is what he said.
So sad to see certain rhino Republican senators go back and forth to the White House and continually get nothing for infrastructure or anything else.
When will they learn that they are being played with and used by the radical left and only bad things can happen?
Should have never lost the Senate in the first place.
Thanks, Mitch.
New leadership is needed and fast.
Absolutely.
Everything that we're witnessing right now is showing the American people that these individuals in Congress, they're not looking at the country saying this will benefit the country.
They're looking at the country saying, what will benefit myself?
How can we launder money?
How can we cheat the American people?
Because if they were truly looking after the American people, we would have never gotten to this point ever where there's a private Western Central Bank that is creating our currency and then loaning it to us.
Can you imagine if you worked in a company and they loaned you your currency and then they attached interest to it?
Would you be able to survive?
What would happen after a couple of years?
The whole thing would implode.
Your whole household would implode.
You wouldn't be able to survive.
Actually, we are going through that because you're receiving income, but the income that you're receiving in most places is not enough to survive.
So what do you need to do?
You need to borrow additional funds, and normally that's credit, and there's interest attached to that.
Or if you need to purchase something, You'll notice that there's payment plans now for little things.
Actually, it'll probably start to spread into the grocery stores as prices start to move up, which really means a devaluation of the dollar.
Just like if you go to some cell phone stores now, if you want a charger or something like that, they'll say, okay, it's $80 or you can pay this out $2 a month or whatever it is.
This is how it's going to be throughout the country until the entire system implodes.
Remember, they slowly like you to accept all of this, but there is an opportunity to get out of this.
Since people are seeing this, since people are seeing inflation, since people are experiencing it real time, Because sometimes you have to show the people, you have to show people the truth, and this is the only way you can really show the people.
Once people lose their purchasing power, you know, when they go to work, they receive a paycheck, and they can't really purchase that much, that's when people start to react.
This is when people start to say, there has to be something different.
Should I take my chances in the stock market?
Remember, the stock market is very volatile.
Should I invest in gold and silver?
Should I invest in cryptocurrency?
Should I just use alternative currency?
Should I put a portion of it in one of these vehicles?
And yes, people are now thinking about this.
Because as time goes on, We're going to see more and more people transition and move part of their wealth into different alternative currencies.
We're already starting to see countries do this.
We have El Salvador.
Paraguay is looking at this.
And now we have Mexico.
So we have Ricardo Salinas.
He's the owner of Mexico's Banco, and he's pushing his country to accept the cryptocurrency, encourage his Twitter followers to buy it and hold it.
That's what they're looking to do.
Why?
Because they understand that as time goes on and these central bank currencies around the world, they're all going to devalue a lot more.
That's what inflation is.
And we can see that sound money, and not just cryptocurrency, but gold and silver, across the world, it's going to spread more.
Gold and silver is fantastic.
It's a store of wealth.
It protects your wealth against inflation.
You keep it in the background.
Cryptocurrency is a little bit easier to use in everyday life.
Why?
Because it's electronic.
I do believe the combination of both is absolutely incredible.
Because once the fiat system starts to really implode, devalue, people are going to start to realize this.
And people are going to look for sound money.
People are going to look for a vehicle where it protects their wealth.
Now, at the same time, the fiat currency is devaluing dramatically.
What do you think the stock market's going to do?
Is that going to be a store of wealth?
No.
Remember, this is the private Western Central Bank system.
Remember, they control the stock market.
They control the derivative market.
They control interest rates.
They control it all.
It's not an open and free market.
The things they can't control, gold and silver on the physical level, they can't control cryptocurrency.
It's decentralized.
Yes, they can use information to try to bring down the price.
Yes, they can use the paper market to bring down precious metals.
But in the end, When their system implodes and that manipulation disappears because they no longer have control, well, guess what happens to the manipulation of precious metals?
It disappears.
What do you think happens to cryptocurrency where it's volatile?
Remember, these vehicles are volatile because they're pegged to the Federal Reserve note.
It's their system right now.
If everyone moved out of their system and put part of their currency into gold or silver and part of it into cryptocurrency and they use cryptocurrency around this country instead of the fiat system, well, their system, and I'm talking about the private central banker system, their system would start to implode.
It would look volatile compared to what the people are using.
And as time goes on, the fiat system would look awful.
This is what they're afraid of.
But this is now spreading across the globe.
More and more individuals, countries, businesses, they're going to be transitioning.
And this is why the private Western Central Bank is trying so hard to say crypto is bad, gold is bad, silver is bad, everything is bad except for fiat.
Oh, and our new digital system.
So you might want to look at this because it's going to be steady, it's going to be secure, and we're going to keep your information private.
You don't want that volatile gold and silver or cryptocurrency because, you know, this sharp swings up, sharp swings down, and it's craziness.
But all that's going to go away in the end.
And the people are starting to realize this.
And as more and more people realize this, it's going to get harder and harder, not for the people, but for the private Western Central Bank.
Their system will start to implode.
Their system will look volatile.
Their system will not look attractive.
And people won't even look at it anymore in the end.
Listen everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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