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Dec. 24, 2021 - X22 Report
19:39
Ep. 2660a - Gold Will Destroy The Fed, Crypto Is Very Dangerous, Are Not Just Catch Phrases
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Hi and
You're listening to the X22 Report.
My name is Dave.
This is episode 2668.
And today's date is December 23rd, 2021.
And the title of the episode is Gold Will Destroy the Fed.
Crypto is very dangerous.
Are not just catchphrases.
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description let's get into the economic collapse financial news now the deep state the corrupt politicians the private wasn't central bank they are in trouble with what's happening right now with the economy remember the whole point of trump putting biden in the white house as the resident is to show the people the truth not just with what's happening politically but also to show the people the truth about the economy to show what the real economy is And the only way to actually show the people is to have the people experience it.
And as the people experience it, they can look across the world and they can see other places that gives them some indication of where we are headed.
And then you start to understand why crypto is so important, why gold is so important, and why the private ones and central bankers don't want anyone looking at alternative currencies.
See, when you just go out and you tell people, hey, by the way, crypto looks pretty good, and they hear the news and they hear all the noise saying, well, criminals use that.
I'm not going to touch that.
Well, it's very volatile because it goes up and down.
Well, think about this for a second.
Anything that is pegged to the dollar that's completely depreciating over time and the dollar moves up and down, what do you think is going to happen to the other assets?
They're going to move up and down.
But that's not the point of crypto.
That's not the point of gold.
Gold and crypto, when you look at both of them, they are used to protect your wealth, to protect you outside of the private Western central bank system.
Because when things start to fall apart and we see massive inflation and we see things becoming so expensive, which means the value of the currency is decreasing, what do you need?
Well, you need food, you need water, you need supplies, you need all these things before you can't purchase any of it with the fiat currency because it's losing value so quickly.
What else do you need?
You need something that's gonna protect your wealth.
Do you want your hard-earned savings and everything that you have just to go up in smoke?
Because if you hold on to the paper currency, that's exactly what happens.
They saw it back in Weimar, Germany.
Actually, they're seeing it now in Turkey, which we're gonna be talking about in a little bit.
Actually, we're gonna be talking about How gold is going to destroy the Fed and how cryptocurrency is dangerous.
They're not just catchphrases.
And I do believe once we go through all of this, people are going to see very, very clearly in how important they are and how the Private Western Central Bank is panicking over these other instruments because this is something they never wanted the people to see.
Remember, if they had a war, people would never even look at gold or crypto.
They wouldn't have time.
It would be destruction, death.
If everyone was shut down for many, many years and the global economy was shut down and people couldn't get food and there was suicides and death, people wouldn't be looking at alternative currencies.
But now, without any of this, people can see everything that is in motion now.
Everyone can see how the economy is continually imploding And you can see it first outside of the United States.
And when people see what's going on in other countries and see exactly what's happening, you can finally see the economic truth.
And you can start to understand why the private ones and central bankers are so afraid of gold coins.
Silver and crypto.
And I do believe when Trump said that crypto is very dangerous, it's very dangerous to the private Western central bankers.
It's like a nuclear bomb.
Gold, silver, crypto.
Actually, I think crypto even worse because it's electronic.
It is like a nuclear bomb.
And if you drop it on them, their system is done.
And we'll be talking about this a little bit later in this report.
But first, we can see the Biden administration, they're trying to Figure out a way to explain what's happening in the economy.
And of course, they're in their own little world trying to make everyone believe that the economy is doing well now.
Jen Psaki was out there doing a press conference like she normally does.
And she's the circle back girl.
She likes to tell you nothing as she's talking.
And she made the claim that, hey, the supply chain stuff is over.
We saved Christmas.
Everything is all good.
But that claim is not exactly true.
Still, there is a problem.
It's not fixed.
And when you look at it, you can see there's still a backlog of shipping at the ports.
It has persisted.
Now, the administration, they proposed a fee of $100 per day per container, has succeeded in clearing space on the dock, so much so that the fee has never imposed and has instead been postponed repeatedly.
However, the cargo ships are still backed up in large numbers, waiting to offload at the Los Angeles and Long Beach ports.
As of Friday, December 19th, some 95 container ships were queued to enter the two ports according to the Marine Exchange of Southern California.
This number includes 23 container ships anchored or loitering within 40 miles of LA and LB, plus 72 container ships loitering outside the safety and air quality area.
And the Wall Street Journal reported last week that the backlog had reached a record of 101 container ships waiting to dock.
So they didn't fix anything.
It's not over.
It's still there.
The same thing with the fuel crisis that we're in today where we're seeing fuel prices move up.
Now, yes, fuel prices have come down and we have Ronald Klain from the White House letting everyone know the fuel problem where we're seeing rising fuel costs.
It's over.
He says, as people head out for the Christmas weekend, gas prices continue to drop down 25 cents a gallon in many places since at POTUS announced a globally coordinated strategic petroleum release.
Now, remember, fuel went up what?
$1.25, $1.30?
Maybe even higher in some other places.
So it's come down 25 cents.
So if you minus that, it's gone up a dollar since Trump.
And remember, they released the strategic petroleum.
What is that needed for?
It's needed for other things.
Actually, Storm has arrived, 17, put this out on Telegram.
This is incredible.
The White House chief of staff bragging that gas prices are down 25 cents a gallon.
Down from what?
The only reason they are even dropping at all is because they tapped into our strategic reserves, which are filled to the top thanks to Trump.
The strategic reserves were meant for emergency situations such as war, such as a crisis, an event where people...
Where we can't get fuel in.
And these people believe this temporary fix fixed the entire problem.
No, this hasn't fixed the problem.
It's temporary.
And it's just going to go back to the way it was.
And we can see that they're trying to shape the narrative.
It's not going to work.
Because as we go into the winter months...
It's going to get worse and worse because people are gonna be using this up like we've never seen before.
And this is gonna be very, very difficult for them after winter because prices are just gonna skyrocket.
Now, something very interesting.
Trump, he put out a statement and he said the following, JP Morgan to pay 200 million over failure.
To monitor employee communications.
Now, under the SEC regulations, J.P. Morgan and other financial institutions, they're supposed to monitor people's communications just in case there's an investigation.
J.P. Morgan decided not to monitor employee communications.
So the question is, why did they decide not to monitor communications?
Were they doing something under the table and they didn't want to get caught?
It's starting to seem that way, doesn't it?
Now, let's talk about what's happening out in Turkey, because we started the report letting everyone know that people need to prep, because when you see inflation, you have to buy as much as you possibly can before your currency loses value.
So a lot of people have been prepping, a lot of people have been preparing, and actually, when inflation really hits, that's when people go, oh, whoa, I'm holding this currency, it's dropping in value, I better run to the store, and I better get as much as I possibly can before it loses so much value.
I can't purchase anything.
But out in Turkey, this is a perfect example of what's going on here.
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Since it's happening out in other places first, you can use what's happening out there and understand what's going to happen here.
Now, think about it.
Out in Turkey, what is happening?
Their fiat currency, the lira, it is collapsing.
As of this year, the lira has lost approximately 40% of its value.
One year.
From all appearances, it shows no signs of stopping its downward spiral anytime soon.
Inflation is rapidly leading down.
To hyperinflation within Turkey and the Turkish citizens have recognized this.
People began attempting to step away from the lira and delving into cryptocurrency in an attempt to protect themselves, to protect their wealth.
What did the Turkish government do?
They made crypto illegal as a form of payment On April 30th, 2021, this was done to prevent irreparable damage.
So think about it.
The Lira is dropping in value.
You're losing your wealth.
They didn't want people transferring their currency into an alternative currency to protect their wealth, so they decided to ban it.
Can you get hold of gold very easily in this type of situation?
No, it's very, very difficult.
Unless you already had gold, it's gonna be very, very difficult to get gold.
Is it a lot easier to go online electronically and pick up cryptocurrency?
Yes, it is.
So think about what they did here.
Then they took it to the next step.
Now think about this.
Inflation is moving up.
Your currency's worth less and less every single day, which means when you go to the store and you see bread, it might be $9.
You come back the next day, it might be $20.
Come back the next day, it might be $25, which means you have to get rid of that paper currency very, very quickly.
So what did people start to do?
They started to do just that.
They went into the food stores and they started to buy up a lot of food because food prices have shot up to 27.1% and people started to realize what was going on.
So what did Turkey do?
They decided to penalize people who were prepping, who were taking food, who were buying the food up so they would have it.
So basically the Turkish parliament, they submitted a bill asking for fines of anywhere between 7,000 and 144,000 US dollars for those people that have been prepping.
So for everyone who says, well, you know, I'm just going to run to the store.
Think about what they've done in this country.
Are they arresting people if you don't have a vaccine passport?
Yes, they are in New York.
If you try to go indoors and have dinner at, let's say, an Applebee's, which actually happened, they arrested those people.
So think about what's gonna happen when we see inflation.
So let's take a look at Bitcoin.
Let's clear things up.
Let's keep the example of Turkey because that's a perfect example.
And then let's look at the US dollar and Bitcoin.
And you can do this with gold too, but let's just use Bitcoin.
So the key principle difference between the US dollar and Bitcoin Is that the former, the US dollar, is a depreciating currency based on a principle of inflation, increasing money supply, while the latter is an appreciating currency based on a principle of finite supply.
So let's start by using, let's say, Big Macs to illustrate the impact of consumers.
So you have a Big Mac and over the past decade in both US dollar and Bitcoin, What we see is that in 2020, a Big Mac costs $3.73 or 37 Bitcoins.
Today, a Big Mac costs $5.71 or.0001 Bitcoin.
Let's assume we didn't buy the Big Macs 10 years ago and instead put $3.73 and 37 Bitcoins in a draw.
Now let's assume we found those currencies in the draw and decided to go ahead and get us Let's look at the federal minimum wage over the last decade.
Ten years ago, minimum wage workers received $7.25 an hour, and today they receive $7.25 an hour.
Let's look at that in terms of purchasing power using Big Macs.
So in 2010, an hour of work would have purchased 1.94 Big Macs.
Today, that same hour of work, $7.25 minimum wage, would purchase us 1.27 Big Macs.
The lesser amount is because the U.S. dollar is depreciating asset based on the principle of inflation.
Let's take a parallel economy where Minimum wage workers are paid in appreciating assets like Bitcoin, but pegged to the US dollar equivalent minimum wage.
That would mean in 2010, the minimum wage would have been 72.5 Bitcoins equivalent to $7.25 in 2010.
Today, the minimum wage would be 0.000145 Bitcoins equivalent to $7.25 today.
It means the purchasing power of an hour of work is the same today, whether they paid in U.S. dollar or Bitcoin.
That is, they could buy 1.94 Big Macs in 2010 and 1.27 Big Macs today, regardless of which currency they are paid in.
So the inclination is to suggest that the worker is no better off being paid in Bitcoin than U.S. dollar.
But that inclination is dead wrong.
Imagine that each worker in the parallel economies put 10% of their income into a retirement savings account that earns 0% interest.
Let's compare the US dollar paid worker versus the Bitcoin paid worker for the past five years.
Over the past five years, the worker paid in Bitcoin saves a total of 0.887 Bitcoins with a US dollar equivalent value of around 45,000 today.
The worker paid in US dollars would have saved a total of 7,250 today.
It means that the Bitcoin wage worker has 600% more purchasing power after just five years.
The mechanism of excess wealth creation in the Bitcoin economy is that real interest rate becomes interest rate plus appreciation rather than interest rate minus inflation.
And that is the difference.
And this is why they don't want people looking at Bitcoin or gold.
Or any other type of alternative currency.
So let's take that example and use gold then.
If you take one ounce of gold back in the 30s, it was $35 an ounce, you buried it in the ground, you take 35 Federal Reserve notes, put it in the ground, you dig it up today.
Now remember, this went through this entire period of time with manipulation where they kept precious metals down.
Think about that for a second.
You dig it up today and what do you have?
You have 35 Federal Reserve notes.
What can you purchase with it compared to 1930?
And now you have that same ounce of gold, but is it worth 35 of the Federal Reserve notes?
No, it's not.
It's worth $1,800.
Of those Federal Reserve notes.
You can see the difference.
And then if we go back to the example in Turkey, why do you think the government didn't want people transferring their currency into an alternative currency?
Because then people would realize, holy crap, let's drop the lira.
It's dropping like crazy.
It's not worth it.
And remember, the Private Western Central Bank goes, don't want you to do this.
There's a Private Western Central Bank in Turkey.
The Private Western Central Bank is in control because if Turkey allowed everyone to move into Bitcoin or into gold, you would have a nation that was outside of the private Western Central Bank, their entire system, and people would then see the truth because then Turkey would flourish like you've never seen before.
And once other countries see this, other countries are going to go, whoa, wait a minute, what's going on here?
Why are they doing so well?
Maybe we should be doing something like this.
And this is what the private Western Central Bankers have been trying to stop from day one.
This is why when they switch us into a new system, they need some type of an event to cover it up.
I do believe Trump and the Patriots, they got rid of those events because they wanted everyone to see what was happening around the world.
Because sometimes you need to see it and experience it.
And when you see this happening around the world, you start to understand it a little bit better.
And I don't believe that gold is going to destroy the Fed or cryptocurrency is very dangerous or just catchphrases.
Gold, once the manipulation completely is removed, gold is going to shoot up like crazy to where it's supposed to be.
And if you go back to theusdebtclock.org, in the bottom right-hand corner, you can see it's something like, I don't know, $20,000 an ounce.
And with cryptocurrency, yes, it's very dangerous.
Remember, it's electronic.
We use electronic currency today.
Is it very easy to switch over to?
Yes.
Who is it very dangerous for?
Is it dangerous for we the people?
No.
This is what the people of Turkey were trying to do.
It's dangerous for the private Western Central Bank system.
That's the dangerous part of it.
Because the Central Bank is looking at it and they're seeing a nuclear bomb.
And that nuclear bomb, if people start to switch over to it, it destroys their entire system in one foul swoop.
And they won't be able to stop it.
They know this.
And I do believe Trump of the Patriots, they wanted to see...
They wanted everyone to see exactly how this thing's gonna play out without the noise, without a cover story, without a false flag event, without any of it.
Because now you can see things very, very clearly.
And once you see everything clearly, you can make a logical decision in what you wanna do.
Because like I've been saying, in the end, the people are gonna make decision.
If you take the example of Turkey, if they didn't ban cryptocurrency, which means they shut it off, it doesn't mean they really banned it because it's gonna be very difficult unless you shut, you know, The path on the internet to get to it, but people use VPNs and people use other things, but they banned it where you can't pay for things.
But I'm sure there are people that are taking their currency and they're taking it and moving it into cryptocurrency because cryptocurrency is maintaining its value.
The Lira is dropping like crazy and the people know this, but if they allowed this where you're allowed to pay for things, get paid in it, the people would see this very, very clearly.
They go, holy crap.
It's time to move.
And guess what?
The population in Turkey would just move over to cryptocurrency.
And the private ones and central bankers knew this.
And this is why they said, we're going to ban it, which means they can't shut it down.
They're just saying you can't use it to pay or get paid in cryptocurrency.
But believe me, people are making the move.
Nothing can stop this.
Nothing.
In the end, people will make the final decision.
Listen, everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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