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July 4, 2021 - X22 Report
12:32
Ep. 2518a - [JB] Blocked Economically, People Are Reaching The Economic Precipice
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Hi and welcome You're listening to the X22 Report.
My name is Dave in this episode 2518A and today's date is July 4th, 2021.
And the title of the episode is Joe Biden Blocked Economically.
People are reaching the economic precipice.
Now, let's talk about investing.
Now, we've been hearing a lot about inflation, how you don't have to worry.
But last month, the inflation rate in the U.S. had the highest rise for 29 years.
You heard that right.
29 years, 1992.
That's a big, big problem for all of us with food and gas and everything else that's going up.
But it's terrible if you're planning on retiring anytime soon.
You need to put up an inflation dam to stop your savings and assets from eroding in value.
Noble Gold's expertise in retirement playing and IRAs means their team of specialists is your first stop.
Call them about this month's offer of a one ounce American Eagle pure silver proof coin with an IRA or 401k.
Call them at 877-646-5347 or click the link in the description.
Let's get into the economic collapse financial news.
Now let's think about what the Patriots have done.
We know over a very long stretch, we've had the same people in power.
And with the same people in power, you don't see change.
You see the same exact policy, the same economic policies put into place.
When you have someone from the outside remove, replace, and change the way everything is done, people take notice.
Now, every time Biden, the central bank, they come out and they reverse Trump's economic plans, it doesn't mean that they're winning.
What this means is that every time they do this, the American people see this.
Remember, they couldn't see it before.
You know what they saw before?
They saw the same exact People in the same positions doing the same exact thing and all they ever talked about was what they were going to do for everyone, but they never did.
Now they actually saw someone come in, cut taxes, place tariffs on China, place tariffs on Europe, renegotiate the trade deals, brought industry back to this country, put more money back into the people's pockets.
And now people can see the old establishment.
They can see very, very clearly, which means every time they do this, it gets worse and worse for the deep state, for the private Western Central Bank, for those individuals, because now people can see this very, very clearly.
Think about when Obama was president.
How large was the staff in the White House, in government, everywhere?
Was it bloated?
Yes, it was.
Trump trimmed this down.
And what is Biden doing?
Remember, they have to put everything back into place.
He's doing the same thing.
He's bloating the government.
Actually, Politico and Forbes are They put this out in articles saying Joe Biden has now bloated the White House.
Of course, they're using the cover story of COVID. But no one's believing this.
Biden's staff payroll is the most expensive in American history.
The taxpayers are going to be paying for like $200 million.
And this is during his term.
That's just his term.
So that's about a million dollars a week for people who do Biden's bidding there.
If the White House payroll is a leading indicator of the president's commitment to expand government, then taxpayers have a reason for concern.
The numbers reveal that Biden has 560 people working for him in the White House, and their pay is costing taxpayers just about $50 million a year.
So let's do a little comparison here.
The Trump administration spent about $164 million between 2017 and 2020.
The Obama administration spent $188.5 million.
And here we have Biden now topping that.
So Trump, he went down.
Obama is up.
Biden is up.
People are seeing this very, very clearly.
People are also seeing what the White House put out about everyone saving 16 cents or whatever it was, which is absolutely ridiculous.
Actually, the comments now...
Are unbelievable where people are saying, wow, this 6 cents, 16 cents, whatever I'm saving here is not really a savings because I just spent $25 at the gas pump.
Oh, I just spent an extra $7, $8 to get propane gas.
Their entire argument is falling apart.
Now think about this.
Inflation, which is the devaluation of the currency, people see this firsthand.
Remember, the everyday person who goes to work, pays their bills, gets an income, goes food shopping, they know the different prices.
They know when the prices are moving up or actually the currency is devaluing.
They know when there's a problem.
Yes, if it goes up a couple of cents, people say, okay, not a big deal.
But if it starts to move up dramatically, people question it.
What do you think is going to happen?
Do you think it's just going to go up by pennies?
No.
We know that General Mills has already announced that they're raising prices.
They already tried to shrink the items.
They're going to still shrink the items, but it's getting out of hand.
So what do you have to do?
You have to increase the prices.
When people see this, And people experience this.
They understand it.
Now, let's talk about investing.
Now, we've been hearing a lot about inflation, how you don't have to worry.
But last month, the inflation rate in the U.S. had the highest rise for 29 years.
You heard that right.
29 years.
1992.
That's a big, big problem for all of us with food and gas and everything else that's going up.
But it's terrible if you're planning on retiring anytime soon.
soon.
You need to put up an inflation dam to stop your savings and assets from eroding in value.
Noble Gold's expertise in retirement playing and IRAs means their team of specialists is your first stop.
Call them about this month's offer of a one ounce American Eagle pure silver proof coin with an IRA or 401k.
Call them at 877-646-5347 or click the link in the description.
That's what's happening.
Why do you think Trump put so much money back into the people's pocket?
Because he knew...
Once Biden was in the White House, and remember, he allowed him in the White House, people would be able to see this very clearly.
If people are seeing this very clearly, does that mean the Biden administration, the central bank, is winning?
No.
It means the people are going to turn on them.
And that is what we're going to see.
Now, very interestingly, we see that a Trump-appointed judge basically smacked down Joe Biden's move to limit states' tax cuts.
So a provision in Joe Biden's gigantic $1.9 trillion coronavirus bill limited states from cutting taxes.
Ohio Attorney General Dave Yost filed a lawsuit against the Treasury Department arguing that Biden admin was trying to illegally impose a tax mandate on states.
And U.S. District Judge Douglas Cole issued a permanent injunction In response to Attorney General Yost's lawsuit, the Biden administration reached too far, seized too much and got its hand slapped.
This is a monumental win for the preservation of the U.S. Constitution.
The separation of powers is real and it exists for a reason, Yost says.
Absolutely.
Remember, Trump, he put certain judges into place.
And think about how many judges he did put into place.
He did this on purpose to counter what Obama did and other presidents before him.
He knew that he was going to have to counter all of this.
And that is what we're seeing.
And as time goes on and...
Biden, the central banks, the puppet masters keep losing.
It's going to get harder and harder for them.
But as this happens and as they keep pushing, the people are going to notice.
Just like we talked about inflation.
When people start to realize that things are going up dramatically and it's getting ridiculous and it's hurting the way people live.
Because they have less and less in their pocket, the people are going to eventually decide in what direction they're going to go.
They're going to look for different alternatives to protect themselves.
It might not be in the very, very beginning.
It might take people some time.
There are going to be other people that are going to react very, very quickly.
But in the end, when people see this, just like in Weimar, Germany, and many other places, people, they're going to make a move.
Now, I do believe this move is going to be out of the private Western Central Bank system.
The private Western Central Bank system is an illusion.
It was created by the Central Bank back in 1913.
And as we progress forward in time in the 40s and the 70s to 2009, They kept on pushing their illusion and taking more control.
Now they have full control of their system.
They took it away from we the people.
Remember, in 1913, they walked through the door.
Today, they have total control because in the end, they need total control because what happens in the end with their system?
It completely falls apart.
And they know this.
Without control, if they just let the free markets do what they do, if they just let the system do what it normally does, people would have noticed this a very long time ago.
Actually, we would have had a major, major crisis back in 2008, 2009, something like we've never seen before.
If the central bank just let the markets do what it normally would do, everyone's attention would be called to the private wasn't central bank.
Because there'd be no way out of it except investigating the private Western Central Bank and probably no longer using the private Western Central Bank.
But the private Western Central Bank back in 2008-2009, they needed to take full control over the interest rates, over the stock market, Over pretty much everything that is happening today, stimulus, you name it.
Why?
Because their system was imploding.
They knew it was imploding.
But today it's very, very different.
They thought, oh, okay, if we take control back in 2008, 2009, we'd be able to prepare for the major, major event.
And this major event will cover up everything for us.
But Trump, the patriots, they knew this.
They stripped them of everything.
And now they're completely exposed.
Once they're completely exposed, people can make logical decisions.
Logical economic decisions.
People can call into question what the Private Western Central Bank is actually doing.
And I do believe there is a crisis coming.
All fingers will be pointed to the Private Western Central Bank.
And we're going to see a lot change.
Yes, the people are going to be brought to the economic precipice.
And once they are there, the people are going to demand change.
And I think that day is coming very, very quickly.
Listen, everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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