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Feb. 4, 2022 - X22 Report
20:21
Ep. 2694a - [CB]/Biden Just Fell Into Another Economic Trap, Wait For It
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Music., and welcome and welcome
you You're listening to the X22 Report.
My name is Dave and this is episode 2694A and today's date is February 4th, 2022 and the title of the episode is Central Bank and Biden just fell into another economic trap.
Wait for it.
Let's talk about protecting your wealth.
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Let's get into the economic collapse financial news.
Now, the deep state, the private Western Central Bank, the puppet masters, they're falling right into another trap.
Remember what Trump did when he first came into office?
One of the first things he did, he started to reverse everything That the globalists, the private Western Central Bank has done for many, many years.
He reversed trade deals.
He put into place tariffs.
He did this on purpose.
It wasn't to take the economy, make it all better, and go about our business.
It was about taking a central bank economy, and remember, he's playing within their illusion, and Reversing everything that they were doing, showing the people, look how different it could be.
And this is within a private Western Central Bank illusionary economy.
Remember, Obama, who was president right before him, told everyone, get used to the new normal.
It can't get any better than this.
We can't bring back industry.
We can't bring back manufacturing.
The GDP numbers, the unemployment numbers, you might as well just get used to it.
Trump actually took that illusionary economy, took what Obama said, and made the economy absolutely incredible.
And remember, he was playing within the private wasn't central bank illusion.
But I don't think this is all he was trying to do here.
He was actually setting up the resident.
Because as he put into place tariffs and he put tariffs onto China, tariffs to Europe, he did this on purpose because he knew, just like the border, when they go ahead and they reverse the tariffs, because remember what the tariffs did?
It brought back the steel industry.
It brought back many of the industries here in the country.
When they start to reverse it, what happens to those industries?
What do the people notice?
They notice that, wow, the tariffs did work.
And they can see all of it very, very clearly.
We'll be talking a little bit more about this later.
But first, let's talk about the job numbers, how Biden was out there saying that he's buying American products with U.S. taxpayer dollars.
Well, that's kind of strange because he just bought $1.3 billion dollars Worth of COVID tests.
And it was with a Chinese company.
So is that buying American?
I don't think so.
Plus, the job numbers came out today and everyone was absolutely shocked.
It was completely opposite of ADP. So what did they do?
They manipulated.
Today's payrolls report was an absolute shock to everyone.
Coming in at 467,000.
It was almost four times the consensus median expectation of 125,000 and was orders of magnitude above Goldman's forecast of minus 250,000.
Putting the stunning Three Sigma beat in context, it came above all 78 estimates and was more than double the highest forecast of 225,000 from HSBC. Even more ludicrous were historical adjustments, which saw December increase from 199,000 to 510,000.
November from 249,000 to 647,000 and so on.
So what happened?
Well, first, looking at just the December to January change, we find that while the seasonally adjusted numbers rose by an impressive 467,000, the unadjusted number collapsed, tumbling from 154.349 million to 147.525 million, a 2.8 million drop.
Think about that for a second.
Now, this does tend to happen every year from December to January, meaning that the entire delta in the January numbers somewhere in the three plus million range is due to arbitrary adjustments overlaid on top of the data.
Focusing on just 2021, we find something curious.
The stunning print from the summer, which saw June and July print at over 1 million, had been slashed by almost 50% at the expense of most recent months, such that October added 29,000, November added 398,000, December added 311,000 jobs to what November added 398,000, December added 311,000 jobs to what was the original print only as a result of seasonal adjustments.
Said otherwise, March through July was revised lower by minus 1 million while August-December was revised up 817,000.
There has never been a January seasonally adjustment of this magnitude.
Think about this for a second.
Think about what they had to do to make it look like the jobs are there.
This is just a statistical manipulation of the job numbers.
Now we saw this during Obama's presidency.
Now they took it to the next level.
And people are questioning this.
This doesn't even make sense.
And they had to do it because their entire vaccine mandate actually destroyed the job numbers.
And they knew it.
So they had to manipulate it like never before.
And this is what we're looking at right now.
And as they continue to do this, people can see this very, very clearly.
The other thing they can see very clearly is the tax loopholes with the illegals that are coming into this country.
So we know that you get a child tax credit.
Now, what's very interesting is that illegal immigrants are getting a bigger tax refund than citizens of this country.
Because there's a massive tax loophole, which provides billions of dollars in tax credits to undocumented workers.
And in many cases, people who have never stepped foot in the United States.
And we the people are paying for it.
So this is how it works.
The Internal Revenue Service says everyone who is employed in the United States, even those who are working here illegally, must report income and pay taxes.
Of course, undocumented workers are not supposed to have a social security number.
So how do they get around this?
Well, the IRS created what's called an ITIN, an individual taxpayer identification number.
A nine-digit ITIN number issued by the IRS provides both resident and non-resident aliens with a unique identification number that allows them to file a tax return.
While that may have seemed like a really good idea at the time, it's kind of backfiring on what they have done here.
So what's the loophole?
The loophole is called the Additional Tax Credit.
It's a fully refundable credit of up to $1,000 per child, and it's meant to help working families who have children living at home.
But how do the illegals use it?
Well, there's been an investigation, about 13 of them, and they found that many undocumented workers are claiming the tax credit for kids who live in Mexico.
Lots of kids in Mexico.
They've seen either 10 to 12 dependents, most times nieces, nephews, on these tax forms.
So a whistleblower came forward and has thousands of examples of this, and these individuals are getting refunds.
Sometimes they put down 20 kids and they're getting refunds of like $30,000.
And the IRS has known about this problem for years.
I mean, if we're talking about a year, it's about a $4 billion business that's going on with the additional child tax credit.
And the illegals are using it to their advantage.
And who's paying for it?
We the people.
So the other thing that's very interesting, and we discussed this right in the beginning of this report, we know that Trump, he set in place certain tariffs.
He put place tariffs on China, brought back the steel industry, brought back some of the solar panel construction back to this country, place tariffs on Europe.
And we know he did this on purpose to show people, look, we can bring back industry.
Yes, we can revitalize certain areas.
He also set a trap.
He wanted the resident, the central bank and the puppet masters, to reverse what he did.
Remember, this entire lesson that we're going through, it's about showing the people the truth.
And the only way to actually see it is to go through it and actually see it.
Remember when Trump was first placing the tariffs on China?
The fake news was out there telling you that all the products, TVs, phones and everything, they were going to double in price.
But again, they didn't explain how tariffs work.
The tariffs work on the first distribution to a wholesaler in China.
So it might be 10 cents.
Let's talk about protecting your wealth.
So how's your New Year's going so far?
Good, we hope.
It's been tough, hasn't it?
Lots of us have woken up and smelt the roses.
And some of us smelt coffee instead.
All of us have realized how quickly time's rushing past.
You're that much closer to retirement and much closer to not earning.
But in the meantime, you got some catching up to do.
With the markets risky right now and inflation running over 8%, where are you going to put your money to keep up and beat it?
You might want to talk to an expert at Noble Gold and run through the options for keeping your money safe.
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It doesn't happen when it reaches the United States where they say, okay, now we have a tariff.
It's double the price.
That's why we didn't see the products skyrocket like they said.
It doesn't work that way.
But Biden, he is now loosening tariffs placed on solar panel imports by the Trump administration, paving the way for Chinese companies to produce more panels for American consumers.
So back in 2018, Trump introduced the so-called safeguard tariff on solar cells, set at 30% and designed to phase down by 5% annually.
Now they're reversing this.
What's going to happen?
Is it going to hurt certain industries here in the United States?
Of course it is.
Are people going to see this?
Of course they are.
This was a trap.
Everything that Trump did while he was in the White House, he set it up and he wanted the deep state players, the private West Central Bank, the puppet masters to reverse it.
This way people could see this very, very clearly.
You wouldn't have to say, oh, this could happen or that could happen.
You could see it firsthand, just like the border, just like Afghanistan, just like inflation, just like everything that you're seeing.
It was done so people would experience it, so people could see it firsthand.
So there would never be any type of question of, oh, this is why it's happening.
And once people see it happening...
That's it.
The fake news can't do anything with it.
Yes, they could try to spin it.
But when you experience it, when you go through it and you actually see it firsthand, the spinning doesn't work.
And this is exactly what Trump and the Patriots wanted everyone to say.
They wanted to show everyone the difference between what he did and how the economy can be great and what the deep state, the private West Central Bank, is doing where they're destroying the economy.
So what do you see now?
You see inflation.
You see supply chain issues.
You see the tariffs being removed, which is going to hurt certain industries here in this country.
He's showing everyone their true agenda.
That is what we're experiencing right now.
Because this will wake up the people.
This will show them that the central bank, the puppet masters, Biden and the rest, they don't have our best interest at heart.
They have the interest of other countries, deep state players, private Western central bankers and many others.
They have their interests front and center, not we the people.
Now, the other thing that's very interesting is we know that there's two nominees for the Federal Reserve.
One of them is Sarah Bloom Raskin, who's Jamie Raskin's wife.
And again, he was on impeachment hoax number two, which completely failed.
And they were asking her a lot of questions.
And this is coming from Senator Cynthia Loomis.
And she was questioning Sarah Raskin over the alleged influence peddling.
Now, that's very interesting.
This is what she said in a tweet.
Currently, there is only one non-bank fine tech company in the country with a Federal Reserve master account.
That company was initially denied an account.
But a year after Sarah Bloom Raskin joined the company's board, the company was granted it.
This raises a lot of questions.
And it does.
And something doesn't smell right.
Very interesting.
They should be digging a little bit further.
The other thing that's very interesting is NATO Chief Stoltenberg.
He has become Norway's next central bank governor.
Don't you find that very interesting?
How these people just shuffle around into the same exact system and just in a different position?
Unbelievable.
And we can see the central bank there moving forward with their central bank digital currency.
We know that the Boston Fed and MIT published long-awaited research on central bank digital currencies.
They were testing it out.
They were using simulations to simulate transactions.
they're getting prepared to move this forward we can see the central bankers are moving forward with the central bank digital currency but i do believe this is going to fail in the end because again the people are waking up the people are seeing the truth the people see the difference between a private west and central bank economy and what the biden administration is doing what the puppet masters are doing eventually what the central bankers were doing we're going to get all the way up to that
but once again you have to show the people and you have let the people experience each level before we get to the central bank.
And once we get to the central bank, people are going to start to ask a lot of questions.
Just like people now are asking questions about inflation, about inflation, Supply chain issues.
And soon, why are our industries disappearing once again?
Because Trump brought a lot of them back.
Now they're starting to disappear again.
People are going to start to realize this and know and understand what is really going on here.
Think about what Biden is doing.
The central bank with MIT, they're simulating a lot of transactions, getting prepared to usher in central bank digital currency.
Remember, they really don't want the people's opinion on this.
They already know what they're doing.
And we had Biden come out and he was putting fear into everyone about cryptocurrency and Bitcoin.
And remember, the central bank, for a very long time, they've been telling everyone, well, criminals use it.
There's a lot of criminal activity using Bitcoin.
Look at all the ransomware.
Well, they forgot to mention that...
The rate of criminal use in the banking system using the Federal Reserve note is 6 and 15 times higher in the traditional banking system than it is in Bitcoin.
But of course, the banking system is all part of the private Western Central Bank system, so they're really not going to say anything.
But what's very interesting is a Pew survey was released and it reports that 16% of Americans, they are now using cryptocurrencies like Bitcoin.
So 33 million Americans are disproportionately young, about 31% of Americans, under age 30, they are now using crypto.
They're paying each other.
Some individuals are using it in their businesses.
And I do believe that this number is going to grow as time goes on.
As people see inflation, as people see the devaluation of the Federal Reserve note, people, yes, for a store of wealth, they will purchase gold and silver, but they will also use cryptocurrency because it's much easier to use cryptocurrency.
Stores can adapt to it very quickly.
Businesses can adapt to it very quickly.
And people can adapt to it very quickly.
Because it's almost like using the banking system that we have today, except one important feature, that it's not centralized and controlled by a private corporation.
And I do believe in the end, this 16% number is going to grow and grow and grow.
Because you can see what's happening, and as things start to break down even further, you're gonna see this number go up to 20%, then 25%, and sooner or later, people are gonna start to make the decision, and we're gonna see other countries They're going to do the same thing as El Salvador.
And yes, there are going to be people that decide to buy silver, decide to...
I don't even say buy it.
It's actually...
They're going to transition their Federal Reserve note, which is devaluing every single day, into real money, which is silver, gold, and cryptocurrency.
And in the end, this is what everyone's going to be using.
And the Federal Reserve is going to have a very difficult time.
The IMF is going to have a very difficult time.
And in the end, they won't be able to get out of their own mess.
And I do believe it's already started with certain states where they started to mine.
They have bills that where they're trying to push cryptocurrency to be legal tender.
I believe we're on our way.
And it's not going to happen overnight.
But I do believe the push is here.
People are seeing what's really going on.
And as they see more, and we hit a crisis, I do believe people then are going to move even quicker.
And this has just begun.
And we can see the central bank, they are panicking over this.
Listen, everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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