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June 1, 2022 - X22 Report
16:04
Ep. 2789a - Right On Schedule, [JB] Blames The Fed For Inflation, Trap Set
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Hi and welcome.
You're listening to the X22 Report.
My name is Dave in this episode, 2789A, and today's date is June 1st, 2022, and the title of the episode is Right on Schedule, Joe Biden Blames the Fed for Inflation, Trap Set.
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Let's get into the economic collapse financial news.
Now, the deep state, the corrupt politicians, the private Western Central Bank, they're going down the path the patriots want them to go down.
And it seems that they're continually taking the bait.
Remember, there's no cover story.
The people can see everything, and the poll numbers are completely against the puppet masters, against the private ones at Central Bank.
The people truly know what's really going on, and as every day passes, they know more and more, and they're rejecting everything the Biden administration is doing, everything the puppet masters are doing.
But one thing that Biden just did, he actually went out of his way to put the blame on the Fed, and he actually mentioned the mandate.
He just took the bait.
Trap set.
We'll be talking a little bit more about that in a little bit.
But first, let's look at the economy right now because it seems the economy is completely falling apart under Joe Biden's watch, under the puppet master's watch, under the central bank watch.
And now the Atlanta Fed, they continually use their GDP now model.
They estimate the real GDP growth.
And in the second quarter of 2022, It is 1.3%.
Now, remember, back in May, they had it at 1.9%.
Before that, it was something like 2.2%.
So basically, it's dropping like a rock, which means we're heading into what?
Most likely a recession.
Now, what's very interesting, we can see inflation all over the place.
People feel it.
They can taste it.
They know it's there, just like with fuel prices.
And there are a lot of polls out there because people are very worried and they want to know how people think.
And people are not agreeing what the Biden administration is doing.
They're saying that he's not doing enough.
He's not focused on inflation.
He's focused on everything else but the important issues.
And when they asked this question, the people...
They pretty much told everyone what they thought.
And this poll is coming from the GSG, GBAO Strategies.
It was a survey.
And the people said, yeah, inflation is their top issue, but Biden is doing nothing about it.
Nothing at all.
The survey also asked respondents to identify the issues they feel are most important for Biden and Congress to focus on.
Inflation topped the list, 54%.
Followed by jobs and the economy, 50%.
National and security and foreign policy, including Ukraine, is only 31%.
So the people, they're telling him, hey, this is what we're worried about.
But if you look, the Biden administration, the puppet masters, what are they doing?
They're not focused on that.
They're focused on everything else that people don't really care about.
You know why?
Because this is what they want.
Remember, they're not listening to the people.
It's a criminal syndicate.
So no matter what the people say, they're not going to focus on it.
There was another poll saying, okay, we're seeing inflation.
We're seeing what's going on with fuel prices.
Do Americans blame Putin or is it the Biden administration?
Well, most Americans are blaming Joe Biden, not Russia's invasion of Ukraine.
So this is coming from a Trafalgar survey, and most respondents, 59.9%, identified Biden's policies and spending as the leading contributor to rising inflation in the U.S. compared to 31.6% who attribute it to Russia's war with Ukraine.
So the people, they see this very, very clearly now.
They understand who's accountable, who is responsible.
And they're pointing the finger at the Biden administration.
Now, of course, the Biden administration, the puppet masters, the unelected individuals behind the scenes, they don't want to be blamed for any of this.
So they need to have Biden point the finger away from himself.
We'll be talking about that in just a sec.
But RNC Research put this out on Twitter.
Remember, when Joe Biden first came in, he says, well, I'm going to be responsible.
I'm going to take accountability.
I'm not going to blame others.
An RNC research on Twitter put this out.
It's a graph, and on top it says, I'll take responsibility instead of blaming others.
Joe Biden 2020.
And it says, inflation according to the Biden administration.
January 2021, Biden takes office.
May 2021, SACI. It's temporary, transitory.
Then we have June 2021, Biden.
It'll pop up, then go back down.
That's interesting.
Then we have July 2021, Biden, long-term inflation, highly unlikely.
August, or same month, July 2021, Yellen, it's transitory.
Then we fast forward to September, SACI, it's decelerating.
Move to October, Biden, it's because of big meat.
Then we move to November 2021, Klain, his chief of staff, it's just a high-class problem.
Then we move to December 2021.
Saki, COVID is the root cause.
January 2022.
Biden, inflation at peak.
March or February 2022.
Biden, supply chain's fault.
Here we are, March 2022, Biden.
It's Putin's fault.
So basically, they've been pointing the fingers at everything else, and it's all their fault.
Because inflation was hitting way before Putin.
You think what's happening out in this tiny little country, out in the middle of nowhere, you think that's affecting the United States economy?
Really think about that for a second.
That makes no sense whatsoever.
And when you look at this and you look at the timeline, you can see that he blamed every other person except himself.
And he's still doing it.
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And I think the patriots, they were hoping he was going to take the bait, and he actually did.
Now, the other thing that's very interesting is, remember going back in time when Trump placed tariffs on Europe, placed tariffs on China, and the fake news was out there saying, we're going to see higher prices.
iPhones are going to be $2,000.
Everything's going to go up.
It's going to cause inflation.
Well, we've come to find out that is fake, phony, and false.
And actually, there are certain individuals, yes, some corrupt politicians, Where they're admitting that, yeah, the tariffs have nothing to do with inflation.
Actually, Trump, he put this out on True Social.
He said the following.
Mitt Romney, and he's looking at a Market Watch article, by the way.
Mitt Romney, Elizabeth Warren, other senators send bipartisan letter to Biden urging him to keep Trump's China tariffs, saying they're not a driver of today's inflation.
So let's go down and read why this isn't a driver of inflation.
And this is what was in the letter.
Rolling back the tariffs on China would undermine the U.S. position in negotiations.
In closing, we note that the tariffs are not a driver of today's inflation.
Not only do the tariffs predate the current inflation by over three years, but Chinese imports make up only 2% of goods included in the consumer price index and would not materially reduce inflation.
That's how a bipartisan group of non-US senators wrapped up a letter sent to Joe Biden as they asked him to substantially maintain tariffs on China's imports that were imposed by Trump.
So the inflation that we're seeing has nothing to do with the tariffs because that's not how tariffs work.
Tariffs, when you place it on products and you actually place it on a country, It is the first line.
So the wholesaler who gets the product, yes, that's the tariff.
It might be 10 cents.
But then it goes to other wholesales and other distributors, and it finally gets to the United States.
So it's not like it reaches the United States and saying, okay, tariff, we're going to double that price.
So an iPhone that is $1,000 is going to be $2,000.
So everything that they've been talking about, everything that they've been saying is completely fake, phony, and false.
Now, like we said in the beginning of this report, Joe Biden, it seems that he took the bait.
Joe Biden met with Federal Reserve Chairman Jerome Powell in an attempt to reassure Americans about rising inflation.
He said, my plan is to address inflation and it starts with a simple proposition.
Respect the Fed.
Respect the Fed's independence.
The Federal Reserve has a primary responsibility to control inflation, he wrote.
So what did he just mention?
He just mentioned one of the mandates of the Federal Reserve to control the devaluation of the currency, because that's really what inflation is.
When you create more and more currency, it's out in circulation.
It devalues the currency.
So right there, Biden let everyone know that the Fed is responsible for this.
Now, of course, the Fed is going to be sitting there going, OK, wait, we're not going to take the blame for this.
We're going to point the finger back at the Biden administration.
Trump the Patriots.
If you know that there's going to be inflation, and remember, if we go back in time, Trump let everyone know that inflation is going to destroy the economy.
So he already knew that there was going to be inflation.
While these other people are saying, I didn't know this, I didn't realize this, actually...
Treasury Secretary Janet Yellen was out there.
She was saying, I didn't realize how bad it was really going to be.
Now, she might be taking the fall for all this because she's head of the Treasury.
They might say, okay, it was her fault.
We're going to get rid of her.
We're going to have her resign.
To take all the blame off of Biden and actually take it off of the Fed.
But you can see that he just blew it because he just let everyone know that it's the Fed's responsibility to manage the currency and the value of the currency.
And this is going to build and build as time goes on.
And this is going to be a complete and utter disaster for the Biden administration.
I do believe Trump and the Patriots, they completely brought them down this path.
Trump, way, way back in the very beginning, he let us know that Biden was going to destroy the stock market.
He was going to bring it down.
He was going to bring us into a recession.
He told us that the fuel prices were going to go up.
He let us know that inflation was going to destroy the economy.
You see, if Trump knew all this way ahead of when, before even Biden got elected, you think there was a plan that was already put into place and all they needed was the deep state players, this private West Central Bank, all they needed them to do was take the bait, go down the path they wanted them to go.
And actually start to point the finger at the Federal Reserve and let everyone know that this is part of their mandate?
Because a lot of people in America, they have no idea what the Fed is.
They don't know that it's a private corporation.
A lot of people think it's part of the government still.
Because why?
Because they keep censoring those individuals that are explaining that no, the Federal Reserve is a private corporation.
They create the currency.
We're not allowed to audit them.
And they have two mandates.
Keep everyone employed and make sure the value of the currency doesn't decline.
Biden just let the cat out of the bag.
Everyone now knows this.
I mean, those people that listen to him, but he said it.
And now as things get worse and worse and worse and we head into a recession, he's going to continually point the finger at the Fed.
And the people are going to say, well, why is he pointing the finger at the Fed?
What's their responsibility here?
Are they responsible for the valuation of the currency?
Are they supposed to control inflation?
Are they supposed to make sure that we're all employed?
And people are going to say, yes, yeah, they can be independent all they want.
But eventually what's going to happen, and I do believe this is all building up at the same exact time, once the patriots take control of Congress, the Federal Reserve, the bankers, they're in a little bit of trouble right now because they will no longer have protection.
Remember, Congress right now most likely is blackmailed.
They're part of the criminal syndicate.
They're not going to audit the Fed.
Once these people are swapped out and the people say, you know something?
We want different people in there.
Not the people that you're presenting to us.
We want these people in there.
And these people are not blackmailed.
These people are not beholden to any corporation.
These people are going to say, you know something?
Maybe it's time that we audit the Fed.
Maybe it's time that we take a look to see what they're doing.
We should do a forensic audit.
And I do believe everything is being set up for this particular moment.
Because how do you bring down the entire system?
If you look at all the pieces coming together, where countries are looking at alternative currencies, moving away from the private West Central Bank.
The private West Central Bank is trying to convince people, no, it's Central Bank Digital Currency, Central Bank Digital Currency.
Other countries are saying, you know, maybe not.
Maybe we'll go someplace else.
I do believe everything that we're witnessing right now Is heading right to that moment when people are brought into the fold and they understand and they realize who is responsible for all this.
And it's not just the Fed.
It's the other private West Central Banks around the country.
Because we know this goes much further to the top, all the way to the Rothschilds, that they're the ones who are responsible for all of this.
They're the ones who control the creation of currency.
And I do believe the people then are going to have the information that And they're going to use this information to fight back.
In the end, the people, 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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