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Oct. 5, 2021 - X22 Report
17:18
Ep. 2593a - If You Start Losing Credibility In The Dollar, You Lose The Monetary System
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Hi and welcome to the show.
You're listening to The X22 Report.
My name's Dave in this episode, 2,593 a.m.
Today's date is October 5th, 2021.
And the title of the episode is, If You Start Losing Credibility in the Dollar, You Lose the Monetary System.
Let's talk about protecting our wealth.
Now, tapering's a word being used a lot right now, isn't it?
It's a Fed co-word for taking money from your pocket.
Janet Yellen predicted we would never witness a new financial crisis, but the Fed owes over $30 trillion.
Stop your money being taken by creating a precious metals IRA and 401k with Noble Gold.
They're giving away a free 5-ounce solid silver America, the beautiful bullion coin with each qualifying plan.
You start this month as a thank you.
Call 877-646-5347.
That's 877-646-5347.
Or visit noblegoldinvestments.com or click the link in the description.
Let's get into the economic collapse financial news.
Now, the deep state, the private Western Central Bank, the corrupt politicians, they are trapped in their own doing.
The patriots have brought them down this path, this economic path, which they can't get out of.
Remember, they were planning to keep the entire system shut down for years with this pandemic.
They thought the global economy would implode while everyone was sitting at home and they can just blame it on the pandemic.
They don't have that cover story.
It's gone.
They don't have the great war.
That doesn't exist.
So what are people seeing?
They're seeing the truth of this economy.
They're seeing the truth of what's happening to the currency.
What happens when people lose the belief that the currency is credible?
What happens when currency starts to implode and people see inflation?
Do people lose faith in the currency?
Yes.
What happens to the monetary system when that happens?
It starts to fall apart.
And I do believe we're heading down this path.
I do believe that this was set up by the patriots.
But once again, we have two sides now fighting to bring us to a new system.
And it doesn't seem like the deep state, the private ones and central banks, it doesn't seem like they're winning.
How do we know this?
Well, is everything shut down?
Are you sitting in your house?
Do they have helicopter money?
Are you getting paid $800, $1,000, $1,200, $1,400 a month without working?
Or is everything open?
Can people shop?
Can people go to restaurants?
Are people at work?
Are people at school?
This is how you know their plan didn't work.
But they just can't stop it.
It's almost like turning a ship And saying, okay, stop it right there.
Well, is the ship just going to stop in the water or is it just going to keep going?
It's just going to keep going and you won't be able to stop it.
That's what we're seeing right now.
Now, when we look at fuel prices, remember, this is part of the deep state plan.
Remember, they want everyone to think that fossil fuels, that's over and done with, too expensive.
We got to go to green energy.
It's not worth keeping around.
But remember, the patriots wanted people to see something completely different.
They wanted them to see inflation.
They wanted to show them what the private Western Central Bank, what the corrupt politicians actually have in store for them.
Now think about Europe right now.
Because of the problems with fuel, what are people experiencing?
Well, they can't really drive many places.
Food is very hard to come by.
Deliveries aren't being delivered.
And people are running to the fuel stations with extra tanks.
Actually, I do believe there are limits now on the amount of fuel.
Almost like toilet paper.
Now, if you look out in Europe, the gas prices are continually moving up.
They have surged to new record highs.
Out there, their surge is equivalent to $230 a barrel of oil.
Think about it.
Think about what they're experiencing right now.
Is this going to come here to America?
Of course, it always starts out overseas.
Who is the federal, who is the reserve currency of the world?
The United States.
So yes, everyone experiences first.
Out in other places.
Then it comes back to the United States.
But we can see that all energy prices, coal, oil, gas, they're all moving up.
And countries are having problems.
Now, we know that this is part of the deep state, the private central bank plan to bring us into the Green New Deal.
But without a cover story, this doesn't help them.
It just makes things worse for them.
And people are going to lose faith in the currency around the world.
We'll be talking a lot more about that in a little bit.
But first, what's very interesting is we know that Evergrande, they're having problems in China.
And we're starting to see there's other companies that are associated with this, and they're having problems.
A company by the name of Jumbo Fortune had a $260 million note coming due on October 3rd.
That was backed by Evergrande.
Now, right now, it's a liability on their books.
There's no word that this has been settled yet.
There are other companies out there that are having problems.
Fantasia Holdings, Cynic Holdings, they all have the same exact problems.
So this might be a cascading effect over the long term.
But we see that there are problems all over the place.
And we can see that here in the United States, The Biden administration, they're having a big problem because people are seeing now the truth about the infrastructure plan, which has nothing to do with infrastructure.
They're seeing the truth now about the American Families Plan.
Because information is coming out about that.
They're seeing that whatever he's doing, it does not benefit the people of this country.
And this is why the polls have come out, and they have shown that people are rejecting the infrastructure plan.
Now, what's very interesting when we talk about the American Families Plan, I think we spoke about this before, but there's a provision.
Requiring banks and other financial institutions to report on account holders' withdrawals and deposits.
Now, Treasury Secretary Yellen, who is really still the head of the Fed, because that really doesn't go away, does it?
She's still part of the Fed.
She's just in a different position right now.
It's all part of the same system.
They're saying that we need to look at all of your transactions.
If they're more than $600 and you're using your credit card or your debit card or however you're paying, they need to track all of that.
Think about that for a second.
And she said, this is going to be a great way For finding out who's trying to evade taxes.
Well, this sounds like it's something completely different.
It sounds like they want to track everyone's purchases.
They want to know what everyone is doing.
Didn't we hear about this before?
What is that called?
Oh, right.
The central bank digital currency.
You see, this is prepping for that.
With the currency that exists today.
But we can see there's a lot of banks.
There's a lot of people that are objecting to this.
We see that a coalition of 41 bank industry groups sent a letter to the House Speaker on September 17th warning that this plan is not remotely targeted to detect major tax evasion.
A group of 23 state treasurers and auditors sent a letter to Biden and Yellen on September 20th in opposition to the plan, calling it one of the largest infringements on data privacy in our nation's history.
This has nothing to do with tax evasion.
If you go to the store and you buy groceries, if you go any other place and you purchase something, that's nothing to do with tax evasion.
Let's talk about protecting our wealth.
Now, tapering's a word being used a lot right now, isn't it?
It's a Fed code word for taking money from your pocket.
Janet Yellen predicted we would never witness a new financial crisis, but the Fed owes over $30 trillion.
Stop your money being taken by creating a precious metals IRA and 401k with noble gold.
They're giving away a That's 877-646-5347.
That's 877-646-5347.
Or visit noblegoldinvestments.com or click the link in the description.
What they really want to do is they want to track everyone's purchases.
They want to know how much is coming in.
They want to know how much is going out.
And they want to track it in a database.
Just like if we had the central bank digital currency.
You see, what they're doing is they're preparing everything, setting up their infrastructure for the central bank digital currency.
So they could track everything that you do.
Remember, they're looking to change the face of banking, which really means control the people, just like they do in China.
Can you imagine if they have the ability To shut you down if you want to purchase something?
What happens if you go into a gun store and they're tracking it and say they're using the central bank digital currency and they see that you're trying to purchase a weapon and they say, you know something?
I don't want this person to purchase the weapon and they deny your purchase.
What happens?
Are you going to use cash?
Well, you can't because we're on the central bank digital currency.
They have full control of what you do.
Now, link that to a social credit score.
Link that to carbon credits.
They have complete control over your life.
And they're monitoring your life.
Now, do you think this is going to happen?
No, the people are going to object to this.
Yes, maybe if we were in a great war, maybe if we're in a pandemic and everything was shut down and people weren't working and they're sitting home and people were dying, people would say, it doesn't really bother me right now because I have bigger things that I have to worry about.
But today, everyone's completely awake.
Today, everyone's seeing everything.
Now, Trump, we know when he was in his presidency, he went ahead and he changed a lot of the globalist trade deals.
And we know part of what he did was, it was to bring back manufacturing to this country.
And he put out a statement about the USMCA and how it's doing.
He said until recently, U.S. auto companies sourced nearly all their batteries overseas.
USMCA changed that.
Under the agreement, an automobile cannot qualify for a duty-free treatment unless 40% of the content, 45 for a truck, is manufactured by workers earning at least $16 per hour.
Advanced batteries of this kind that will power new energy vehicles comprise such a high percentage of the value of these vehicles that it will be almost impossible for auto companies to qualify them under the agreement without sourcing the batteries in the United States.
And in order to take advantage of a longer transition time available under the agreement, most auto companies have committed to qualifying their entire North American fleet, regardless of where the vehicles are manufactured and traded.
The result we are seeing in a renaissance in U.S. battery production.
SK Innovations announced a $2.6 billion new facility in Georgia that will open later this year.
And just yesterday, SK and Ford announced an $11 billion investment in Tennessee and Kentucky.
Without the USMCA and the Trump administration's strong actions to push back against China's unfailed trade practices, this new investment and the thousands of good paying jobs that go with it would have gone to China or other low wage jurisdictions.
Worker focused trade policies works for America.
More of America's cars of the future will be built right here.
Letting you know that his negotiation of the USMCA is bringing the production of batteries back into the United States.
Can you imagine if he was able to wipe out NAFTA instead of just renegotiating parts of it because it was tied up in Congress?
Can you imagine if we just scrapped that and we created all new trade deals?
What would the country look like?
But he's letting you know that manufacturing is coming back to the US. Biden is going to be sending manufacturing out of the US. Trump brought manufacturing back into the US. Big difference.
Now, we know that a lot of the banks, they are now looking at cryptocurrency.
We can see US Bank, the fifth largest retail bank in the US, they're launching its own cryptocurrency custody service.
We know that JPMorgan Chase, Citigroup, and many other banks are doing this because they're playing both sides right now.
Remember, they don't know what's going to happen.
They don't want to be wiped out.
So they're going to be playing both sides because they don't know in which direction the currency is going to go.
Now, what's very interesting is that Trump, he was being interviewed, and this came out on Yahoo, and they were talking about the US dollar.
And this is what Trump said.
He said he believes that China's recent move to ban crypto is a warning shot to the US to protect its currency.
He added that Chinese President Xi Jinping wants to create its own cryptocurrency to dominate global markets in a bid to overtake the US dollar as the world's leading currency.
Now, let's think about that for a second.
They want to create their own digital currency, which they've already done, and they want that to be the world's leading currency, the reserve currency of the world?
Maybe, maybe not.
But he said something else that's very interesting.
He said, I am a big fan of our currency and don't want to have other currencies coming out and hurting or demeaning the dollar in any way.
If you look at a monetary system based on the dollar, if you start losing credibility, all of a sudden you're going to lose that strong monetary system.
We have to be very careful about that.
So think about this.
Think about what he just said about the credibility of the dollar, of the Federal Reserve note.
If credibility is lost, you lose the monetary system.
Well, Trump has already told us that we're going to see inflation, which means people are going to lose faith in the Federal Reserve note.
If people lose faith in the Federal Reserve note, because that means the value of that currency is decreasing and decreasing and decreasing, and it takes a lot more of that currency to buy the same exact item.
If people no longer have faith in that currency, the Federal Reserve note, that's not the U.S. dollar.
It's the Federal Reserve note.
What happens to the central bank's monetary system?
It starts to fall apart.
Now, are there other currency systems that can be used where people have faith in it?
Yes, there's gold and silver.
Yes, there's cryptocurrency.
Yes, there's other currencies that can take its place.
And I find this very interesting because We know that inflation is coming.
We know that people are going to see this.
We know that the credibility of the Federal Reserve note is going to start to implode on itself.
The same is going to happen with many other currencies around the world where the private Western Central Bank controls them.
If people are no longer looking at these currencies and no longer have faith in them, the credibility drops.
And if the credibility drops, Well, the monetary system goes because the people no longer want to use this currency.
If people no longer want to use this currency, there needs to be another currency to replace it.
Now, is it going to be the private Western Central Bank?
Or is it going to be something that people decide to use?
Is it going to be gold?
Is it going to be silver?
Is the Treasury going to create their own currency, maybe peg it to gold?
Are they going to use cryptocurrency?
Is there going to be a combination of all of this?
And I do believe this is what Trump is trying to say.
That people are going to lose faith in the private Western Central Bank currency.
This will then destroy the monetary system.
And yes, something else will take its place.
And I do believe we're heading in that direction and it's getting closer and closer every single day.
And I do believe that people in the end, they're going to make the final decision.
Listen, everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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