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May 26, 2022 - X22 Report
15:24
Ep. 2784a - The Economy Is Falling Apart, & There Is Another Ticking Time Bomb
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I'm going to go to the next episode of the game.
and welcome.
You're listening to the X22 Report.
My name is Dave, and this is episode 2784A, and today's date is May 26, 2022, and the title of the episode is The Economy is Falling Apart, and there's another ticking time bomb.
Stop what you're doing and check this out.
All across the country, in those states where they said, let's defund the police, we're seeing crime increase like we've never seen before.
This highlights how vulnerable people are to evil when they don't have weapons to defend themselves.
This is why I highly recommend the Fighter Flare flashlight for self-defense.
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My Fyderflare flashlight is always part of my everyday carry, and every prepper or survivalist should have one.
Imagine how much better protected you'd be with it.
If you've been looking to go above and beyond in your self-defense, you'll love the Fyderflare flashlight.
Get the Fyderflare flashlight for up to 15% off with your promo code X15 for the next 24 hours by going to Fyderflareflashlight.com or visit 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, it is not going their way.
The people see through everything that they're trying to do, and they realize who's accountable for what's happening in the economy.
And when you look at the economy, you can see the entire system starting to fall apart.
heading towards recession.
The optics right now are fantastic.
Can you imagine if a recession happened when Trump was in the White House?
What do you think the fake news, deep state players, what do you think they were going to do?
Actually, they were trying to do this.
They were trying to crash the market back in 2019.
They tried to crash the market in 2020 with the pandemic.
And now Trump has turned the tables on them and everything that they tried to do to him, he's doing to them so that people could see their real agenda and how they really don't care about the American person, how they really don't care if you're struggling or not.
All people see right now is how they're trying to reach their goal, to bring us into the Great Reset, to bring us into the Green New Deal.
And they don't care if people suffer or not.
Because they really don't care about the people.
And people see the economy completely falling apart right now.
But there is another ticking time bomb.
Now, this might be solved.
It might not be.
But we'll be talking about that in just a sec.
But first, let's look at the economy right now.
U.S. pending home sales.
They have plunged to the weakest since 2014.
Who was president back in 20...
Oh, that's right.
It was Obama.
Actually, we're seeing the same exact thing occur while Obama was president.
They brought us back to that point in time.
Now, Trump and the Patriots, they wanted everyone to see this.
Now, it's very, very clear.
We weren't going through this during Trump's time in the White House.
We went through this during Clinton, Obama, and now Biden, which is really Obama.
And people see this very, very clearly.
And we're seeing existing home sales.
They have tumbled.
We're seeing new home sales.
They have tumbled.
Why is this?
Well, think about what the Fed is doing right now.
The Fed is raising rates.
Why?
They're pretending to control inflation.
Inflation is off the charts.
They've never controlled it.
Go back to 1913.
Is everything the same price?
No.
That's because the dollar devalued.
And it's called the Federal Reserve note.
That's why everything is not the same cost.
You need more of the Federal Reserve note to buy the same exact items.
So they never controlled inflation.
It was an illusion.
And you could see right now that everything's starting to fall apart in the housing markets.
The pending home sales are now down by 11.5% year on year.
This is the biggest drop outside of the great financial crisis back in 2010.
And the contracts that are signing, they fell in all regions but the Midwest.
But this really shouldn't be a surprise because we know what's happening.
As the rates continually move up, it pushes people out of the market.
And if you continually make it much, much harder to purchase a home and your income isn't keeping up with it, the rates are moving up, that means you can afford less and less and less and you can't afford the home that you want.
So what's going to happen?
People are going to say, I'm going to wait.
And that's exactly what's happening.
It's pushing people out of the market.
Now look what's happening with the GDP. We got terrible numbers in the first quarter.
They said it was negative 1.4%.
But now they recalculated the numbers.
They adjusted the numbers.
And now the first quarter is contracting by negative 1.5%, which means The economy is not doing well at all.
Now, the Atlanta Fed, they normally make a prediction and they're looking at the second quarter GDP right now and they use a system called Nowcast and they were predicting 2.4%, but now they dropped it down to 1.8%, meaning that we are just 1.8% away from a full-blown technical recession after last month we learned that the first quarter GDP unexpectedly tumbled deep in the red.
So that means we're heading into trouble waters right now.
And look at the corporations.
Their corporate profits, they are contracting right now.
It's getting worse and worse as time goes on.
But like we said from the very beginning, there's another ticking time bomb.
Congressional Democrats have yet another thing to worry about going into the year's midterm election.
Stop what you're doing and check this out.
All across the country, in those states where they said, let's defund the police, we're seeing crime increase like we've never seen before.
This highlights how vulnerable people are to evil when they don't have weapons to defend themselves.
This is why I highly recommend the Fighter Flare flashlight for self-defense.
The Fighter Flare flashlight is a tactical multi-tool self-defense flashlight.
It's designed to blind attackers from a distance with a power of 800 lumens.
There's a reason the fighter for flashlight is highly recommended by the military and law enforcement It has a versatile tool that breaks windows and emergencies alerts for help with a built-in siren and charges your devices with a built-in power bank My fighter flare flashlight is always part of my everyday carry If you've been looking to go above and beyond in your self-defense, you'll love the fighter flare flashlight Get the fighter flare flashlight for up to 15% off with your promo code x15 for the next 24 hours by going to fighterflareflashlight.com or visit the link in the description Obamacare
It is set to expire unless Democrats can receive a reconciliation bill that extends the financial assistance past the end of the year.
And that means striking a deal with Senator Joe Manchin.
If they can, roughly 13 million Americans, they will be hit with steep price hikes amid crippling inflation.
It's a time bomb.
So voters are set to receive notices about premium increases in late October as they head to the ballot boxes for November midterm.
Others would find out during the ACA open enrollment period, which begins on November 1st.
If Congress lets the ACA premium Larry Levitt tweeted this out.
He said a middle-class couple of 50 years old making $75,000 got no premium help under the ACA because they made too much to qualify.
Under the American Rescue Plan, they're getting an average premium subsidy of $8,304 per year paying $6,375 themselves.
So what happens when If this completely falls apart, now think of all those people who are under the poverty line who are getting subsidies, those people that are a little bit above the poverty line, they're going to have to pay a lot more money.
So if you look at the silver plan of Obamacare, the cost of it because of subsidies is about $531 per month and it's about $6,375 per year.
They're only paying that amount.
But if they lose the subsidies, the people, without financial help, will have to pay $1,223, which is $14,679 per year.
And for those families that have two children, three children, four children, this is going to become very, very difficult for them.
And once people feel this pain, if this actually happens, the time bomb goes off.
People are going to be pointing the finger and they're going to want to know who's accountable because all these years they've been subsidized.
And remember, nothing is free.
Other people are paying for this.
Actually, when you look at this, this looks like socialism.
And that's exactly what it is.
And the people of this country, they're completely done with all of this.
Obamacare didn't work.
It was a complete and utter failure.
And the people know this.
All they wanted to do was keep control of the population.
But they've already lost control of the population.
The population is seeing through their agenda.
The population is starting to realize that they don't care about the people.
They don't care if people are suffering in the economy.
They don't care if people are losing jobs.
They don't care if there's inflation, higher fuel costs, if there's supply chain issues.
They're doing absolutely nothing to fix these problems.
Why?
Because they cause the problems.
Why would you fix the problems if this is part of their agenda and they're causing the problems?
And this is what people are seeing right now.
And this is why people are preparing to protect themselves.
Think about what's happening in the alternative currency realm.
You can see people now are looking at the entire situation and they are protecting.
Like yesterday, we talked about how there are 40 plus countries now looking at El Salvador, wanting to see what they're doing.
And we see in other countries, they're making it legal tender.
They're allowing it to be used to purchase real estate.
And Bitcoin is becoming more and more accepted in all different countries.
And people are getting used to it.
They're understanding it.
And as this spreads, it's going to hurt the private Western central bankers.
Now, this doesn't mean that gold and silver aren't important.
This is an incredible store of wealth.
I do believe that both are going to play a very important role As we transition into the new economy, and you can see as the deep state players, the private West Central bankers, as they push their agenda to bring us into the Green New Deal, to bring us into the Great Reset,
you can see that there are certain countries, companies that are now saying, you know something, maybe we better help out alternative currencies and back them a little bit just in case this goes sideways.
And what's very interesting about all this is you can see all the pressure on major oil and gas companies because we know that Biden, he made the announcement that we're transitioning away from fossil fuels.
We don't care how high the prices go.
We don't care if you're suffering.
We don't care if it affects supply chains.
This is what we're doing.
It's going to be great.
Well, not for the people, but for them.
So major oil and gas operation partnered with Bitcoin miners.
Now think about this for a second.
How do you mine gold and silver?
Wait, don't you have machinery?
Aren't they using oil, gas to mine gold and silver?
Yes, they are.
Now, Bitcoin miners, they can power their mining operation with oil and gas, because now we have Exxon, we have ConocoPhillips, and many other oil companies working with Bitcoin miners to help them power the mining operation.
Very, very interesting how this is all falling into place.
And I do believe in the end, as Bitcoin takes off amongst the other countries and people start to use it and more businesses start to accept it, and as things break down here in the world economy, because we know what the central bankers are trying to do, I do believe that people are going to start to realize, wait a minute, We have it a lot better outside of the private Western Central Bank system.
And once you see countries completely break off, which we haven't had yet, a country that completely breaks away from the private Western Central Bank, and they're no longer borrowing their currency with interest attached, you're going to see that country take off like we've never seen before.
And this is something the Private Western Central Bankers don't want anyone to see.
Because once you see it, it can't be unseen.
And once you see it, you're going to say, I want to do what they're doing.
Because their people now are flourishing.
Why are we suffering under debt when they have no debt?
And you're going to see things completely change.
And this is what they're trying to stop.
Now, can they stop this?
I don't believe so.
I think what's happening right now, and the optics are very, very good for this, we're in the process of taking down the private Western Central Bank system.
Because now there's no cover story, there's no chaos, there's no destruction, there's nothing.
And people can see this very, very clearly.
And as they keep pushing, and I'm talking about the deep state, the private Western Central Bankers, people will see more.
They'll start to understand more.
And I do believe that the alternative currencies will start to catch on and people will start to realize, okay, I see what's going on here.
And as the fiat currency becomes worthless because of inflation, people will really start to understand, especially as fuel costs are moving up, especially...
As the devaluation of the currency, people are going to start to realize, you know something, I need to do something completely different because it's falling apart.
The stock market's not always going to stay up like this.
Once the stock market starts to come down, which we've seen it come down, yes, it popped up back up again, but once everything starts to fall apart, we're in a recession and things really start to go crazy here, this is when people are going to hit that crisis- That event, and people are going to start to move in a different direction.
And I do believe that day is coming, and it's coming very, very quickly.
In the end, the people are 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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