Sept. 8, 2021 - X22 Report
12:43
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| Time | Text |
|---|---|
| *Mario's music* | |
| Hi, and welcome. | |
| You're listening to the X22 Report. | |
| My name is Dave, and this is episode 2,572 a.m. | |
| Today's date is September 8th, 2021, and the title of the episode is, There is no inflation if you don't count pork, beef, and poultry. | |
| Running red in October. | |
| Let's talk about protecting our wealth. | |
| Do you know about shrinkflation? | |
| This is inflation by stealth, where you get less and less burger or candy bar for your dollar. | |
| But the Fed claims inflation is not a problem. | |
| But Noble Gold solves this. | |
| You know that with a precious metals IRA, you can hedge growing prices and retire worry-free? | |
| You'll even keep up with the Fed's inflation. | |
| This month, Noble Gold is giving away a free 5-ounce pure silver America the Beautiful bullion coin with every eligible IRA or 401k rollover. | |
| To learn more about the services offered by Noble Gold, visit noblegoldinvestments.com or call 877-646-5347. | |
| That's 877-646-5347. | |
| Or click the link in the description. | |
| Let's get into the economic collapse financial news. | |
| Now the private Western Central Bank, the deep state players, they are now caught in the trap the Patriots set up. | |
| Think about what Trump did when he was in his presidency. | |
| He set the entire economic system up. | |
| He knew What the plan was of the private Western Central Bank. | |
| What the plan was of the Biden administration. | |
| Now think about what Biden's slogan is. | |
| Build back better. | |
| Do you really think this is about building back the United States? | |
| Or building it back? | |
| Because Trump basically took everything that they were trying to do with The Paris Climate Accord, the Green New Deal, with the 16-year war, with the Great Reset, and he put them back four years because he stepped into the presidency. | |
| Then while he was president, He was undoing everything he possibly could to slow them down. | |
| And then he installed Biden for the world to see, to show everyone their plan because it is accelerated. | |
| So when Biden is out there saying, let's build back better, they need to build it back up because they're so far behind that they need to catch up. | |
| That's really what they're talking about. | |
| They're not talking about making the country great. | |
| They're not talking about getting rid of the private Western Central Bank. | |
| They're not talking about creating jobs. | |
| They're talking about bringing us into their system. | |
| That's what it's all about. | |
| But what everyone can see now is the truth. | |
| Take for example that Biden wants $6.4 billion to relocate Afghan refugees. | |
| Think about the amount of homeless people on the streets today. | |
| Think about our veterans that are on the streets today. | |
| Think about the people that are just trying to get by because of this pandemic. | |
| But he wants to allocate $6.4 billion to assist the Afghan refugees. | |
| Remember, he left the American people in Afghanistan. | |
| He took the Afghan refugees out of there. | |
| This is not a president who is working for the country, for the benefit of the people. | |
| This is an individual that is working for the Private Western Central Bank, for the deep state players, for the invisible enemy. | |
| Think about his infrastructure bill. | |
| It really has nothing to do with infrastructure. | |
| They want $3.5 trillion, which is included in all of this. | |
| And Manchin is out there. | |
| He's pushing back. | |
| This is Joe Manchin. | |
| He's saying, listen, I'm going to only support $1 trillion. | |
| Actually, I think they should rip apart the entire infrastructure bill and completely redo it and make it infrastructure, period. | |
| That's it. | |
| $1 trillion is too much. | |
| Actually, we probably should have China pay for it, like Trump says. | |
| Because they attack the United States. | |
| It's worse than 9-11. | |
| It's worse than Pearl Harbor. | |
| And they need to pay trillions of dollars. | |
| I think he was asking for 10 trillion. | |
| Wait until we find out the truth about the elections. | |
| I do believe China is going to be paying probably a lot more than our debt, which will pay off the debt and then we'll have enough to rebuild the infrastructure. | |
| Now, what's very interesting is that Biden is out there, and of course, this is all political speak. | |
| He's letting everyone know that he's going to create jobs that will tackle climate change, and these should be good-paying jobs, good-paying union jobs that pay $45 to $50 an hour, plus health care. | |
| That is what is needed. | |
| Now, remember, this is coming from an individual that never ran a business, that never built something. | |
| Never had his business completely fall apart and have to declare bankruptcy and then rebuild it. | |
| This individual spent his entire life in politics, living off the system, making deals because he was part of the system. | |
| Remember, this is all political speak. | |
| Let's talk about protecting our wealth. | |
| Do you know about shrinkflation? | |
| This is inflation by stealth, where you get less and less burger or candy bar for your dollar. | |
| But the Fed claims inflation is not a problem. | |
| But Noble Gold solves this. | |
| You know that with a precious metals IRA, you can hedge growing prices and retire worry-free? | |
| You'll even keep up with the Fed's inflation. | |
| This month, Noble Gold is giving away a free 5-ounce pure silver America the Beautiful bullion coin with every eligible IRA or 401k rollover. | |
| To learn more about the services offered by Noble Gold, visit noblegoldinvestments.com or call 877-646-5347. | |
| That's 877-646-5347. | |
| Or click the link in the description. | |
| Now, when he talks about raising the wages for $45 to $50, including health care, Well, how is this going to be possible? | |
| What's his plan? | |
| He doesn't have a plan. | |
| If you really think about it, this is what happened during the 70s, right? | |
| When we saw, what do we call it? | |
| Oh, that's right, inflation. | |
| Didn't we see the wages double? | |
| Didn't we see house prices move up? | |
| Didn't we see food move up? | |
| So if he's talking about $45 to $50 an hour, then he must be talking about $10 gas, maybe $20 gas. | |
| Maybe he's talking about $20, $30 for a loaf of bread. | |
| Is that what he's talking about? | |
| Well, it seems that his National Economic Council, Brian Deese, he was out there telling everyone that, hey, inflation isn't as bad as we all think it is. | |
| He's out there letting you know that, listen, if we don't count beef, pork, and poultry, grocery prices increases are more in line with historical norms. | |
| Well, I think almost everybody eats beef, pork, and poultry. | |
| And yes, you can throw in fish. | |
| That is protein. | |
| We need the protein. | |
| Yes, if we subtract a lot of different things, we can get to a norm. | |
| But take a listen to what he said. | |
| of the overall increase in grocery prices can be attributed to a significant increase in prices in three products, in beef, in pork, and in poultry. | |
| We've seen double-digit increases in prices over the last couple of months. | |
| In fact, if you look at the category that is grocery prices, what economists call food at home, so food that is being purchased to eat at home, in a number of areas we've seen, if you take out those three categories, we've actually seen price increases that are more in line with historical. | |
| So here we are at the beginning stages where they're trying to explain away inflation. | |
| Now, when other things start to move up very, very quickly, which they will, They're going to try to explain that, and soon they won't be able to explain anything. | |
| They'll be trapped. | |
| And as inflation continually gets worse and worse and worse as time goes on, They're going to lose control and people are going to see this. | |
| This is what this is all about. | |
| It's about showing the people the truth, showing the people the true nature of a central bank system, showing the people that at the end of a private Western central bank system, everything starts to fall apart. | |
| You don't see high wages. | |
| You don't see an incredible economy. | |
| You see everything start to fall apart, where people can't function in it. | |
| Now, what's very interesting is that the Treasury Secretary, she is warning, and this is Janet Yellen, that the US government will likely run out of money due to service debt during October. | |
| So Janet Yellen has a forecast that the US Treasury will run out of cash in October unless Congress increases the borrowing limit. | |
| So, Congress is going to run out of cash. | |
| So, in a letter to congressional leaders, Yellen said the most likely outcome was that the U.S. government coffers would be exhausted during the month of October. | |
| Yellen also said that waiting until the last minute to avert a debt limit crisis could cause serious harm and negatively impact the credit rating of the United States. | |
| Adding any delay is likely to cause irreparable damage to the US economy and global financial markets. | |
| And we've seen this before during Obama's term. | |
| Remember when he started to shut things down? | |
| Most of the parks, the federal parks, he started to shut down, put up like little fences and said, listen, you can't go in here because the debt limit wasn't raised. | |
| We might see the same thing again. | |
| But that reminds me of an expression in the red. | |
| And if you think about it, it's the month of October. | |
| So are we going to be running red in October? | |
| We might be. | |
| So the expression in the red is used to describe a business that has negative earnings. | |
| This is in contrast to the phrase in the black, which refers to businesses that are profitable and financially solvent. | |
| The terms are derived from color of ink used by accountants to enter the figures in the financial statements. | |
| Before the use of computers, accountants recorded income in black ink and expenses in red ink. | |
| For example, when the business posted positive earnings, the figure was marked in black. | |
| As opposed to this, the debits, losses, and debts were marked with red. | |
| So without raising the debt ceiling, without funds coming in, Since there's not enough taxes to pay for everything, are we going to be running in the red in October? | |
| Will the government have a very difficult time paying its bills? | |
| Are the expenses a lot higher than what's coming in? | |
| It's starting to seem that way. | |
| And we might see a red October. | |
| This might be a red October. | |
| But we'll have to see what Congress does because we know in the past... | |
| They just go ahead and they up the debt limit. | |
| It's because otherwise they have no other choice. | |
| The entire system starts to fall apart. | |
| Because this is the way the private Western Central Bank is run. | |
| We're based off of a credit card. | |
| And they have to continually raise the rate to bring in more debt to function. | |
| Otherwise, the government couldn't function. | |
| It's almost like a household today. | |
| Most of the people in this country are living off of debt. | |
| If you got rid of all the credit cards and you got rid of all the loans and you had to pay everything using the Federal Reserve note, most of the families couldn't function today because they need debt. | |
| They need the credit to function. | |
| The same thing with the government. | |
| There really is no difference. | |
| They need these funds coming in because most of the programs that they're funding, well, they're very, very expensive, and most of it is not even going to the program. | |
| It's going to money laundering. | |
| So it looks like we might be heading into the month of October, and it might be a red October. | |
| Listen, everyone, thanks a lot for listening. | |
| Be well, be safe, and especially be prepared. |
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