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June 8, 2022 - X22 Report
17:08
Ep. 2794a - [JB]/[CB] Are Finished, There Is No Coming Back From This Economic Disaster
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Hi and welcome.
You're listening to the X22 Report.
My name is Dave and this is episode 2794A and today's date is June 8th, 2022 and the title of the episode is Joe Biden's central bank are finished.
There's no coming back from this economic disaster.
Let's talk about protecting your wealth.
With inflation now at 8.5% and maybe even higher, don't you think you need to be smarter with your money?
You need it to grow, not shrink.
You need financial freedom, not debt.
Start a global IRA with Noble Gold now and you'll be safe.
And this month for every cash deal about 20,000, you'll get an incredible three ounce silver American virtue coin completely free as a thank you.
You can't go wrong with Noble Gold.
Call them at 877-646-5347.
That's 877-646-5347 or go to 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're having a very difficult time because you have to remember, they never expected all of this to happen all at once.
They thought they were going to have time.
They thought they were going to control it.
And they thought this would all sneak up on everyone and everyone really would notice what was really causing this.
And this is the economic implosion.
Remember, they thought they were going to have this pandemic for 10 to 13 years.
It was going to take that long for a vaccine.
And during this period of time, they would have that cover story of, hey, this is why you have to stay at home.
This is why the supply chain issues are popping up like this.
This is why the store shelves are empty.
This is why we're seeing inflation.
This is why the economy is completely falling apart.
And they would build this up over time and they would control the entire economic system from coming down.
What happened was they were hit with a surprise.
They never expected all of this to happen all at the same time and as quickly as it happened.
This is why in the beginning they came out and said there's no inflation.
This is why the Fed came out and said it was transient.
Because they thought they would be able to control this and no one would notice.
And they thought they'd be able to stop what was happening.
But Trump and the Patriots, they made sure they set this up where everything started to happen and there was nothing for them to do except to go along with it and carry out their plan.
You see, Trump and the Patriots, they wanted everyone to see this.
Sometimes you need to walk through the darkness to see the light.
And this is exactly what's happening.
Just like in 1971, We went through a transition.
For those people that remember, the transition was from the gold standard to the petrodollar system.
What happened during this period of time?
We were in a recession.
A lot of people were out of work.
We saw inflation like we've never seen before.
Now, in the beginning, people thought this was good.
They thought, oh, wow, look what's happening.
My house is going up in value.
My salary, that went up.
This is incredible.
But you have to remember, this is an illusion.
This is the beginning of their system.
What was really happening was the dollar was devaluing very, very quickly.
And inflation makes it look like that you actually have more than you really have.
See, what's happening is you need more of the same Federal Reserve notes to purchase the same exact thing.
And that's what was happening.
The only thing that saved them back then was that salaries went up at the same time.
We are now at the end of their system.
Trump and the Patriots, they knew this.
At the end of this system, Remember, it's all on debt now.
Everything is debt.
They can't raise the rates to 9%, 8%, 16%, 15% like they did in 71.
What do you think would happen?
The entire system would just implode on itself with a snap of a finger.
This is why they've never done it.
Why do you think it's been negative interest rates this entire time?
In many countries.
And here, zero or 1% here in the United States.
There's a reason for that because they knew if they started to raise the rates, everything would start to fall apart.
But think about what Trump and the patriots have done.
They brought them down this path and now we're in this transition.
The transition is moving from their illusionary economic system into a people system.
Yes, we need to get out of it.
And yes, their system is collapsing.
It's been collapsing for a very long time.
And the whole point of this is that people are seeing this and they know who's accountable.
And they realize what is happening.
Back in the 70s, when Nixon came out and said there are speculators in the market, there was no social media.
You only heard the propaganda from the fake news back then.
That's it.
And all you heard was, oh, we're going to temporarily do this.
But that was the transition.
And a lot of people suffered through this transition.
A lot of countries had a lot worse.
Yes, it's going to be difficult getting out of the private Western Central Bank system.
But it has to be done.
And people need to see it so they understand how bad the private Western Central Bank is.
Think about what's happening right now.
They're raising the rates.
And what's happening to real estate right now?
Mortgage applications, they have crashed to 22-year lows.
And people are finding it very difficult.
Think about it.
Those people that are looking to purchase a home, as they raise rates and as the economy falls apart and their buying power is less and less as time goes on, these people are pushed out of the market.
So if someone was looking for a house that was $500,000, they might only be able to afford A $250,000 house or a $300,000 house.
And as time goes on, it's going to get worse and worse.
And it's very interesting because Biden is out there and his press secretary is out there telling everyone, you have more in your savings.
This is the best economic recovery that we've ever, ever seen.
Really?
Because that's very interesting because if you really look at the data, it seems to be the opposite.
If you look at the real wages, well, real wages are falling.
People are getting a pay cut, whether they know it or not.
So that is not beneficial to the people.
What else are we seeing?
Well, since we see inflation, people are now discouraged in spending in non-essential spending.
What are they spending their money on?
Gas?
Insurance?
Food?
Housing?
And everything else, like hotels, vacations, education and all that, they're reducing their spending.
So that doesn't make people feel like the economy is great.
What about savings?
Biden let us know that savings is incredible.
Well, the savings rate has dropped.
Yes, coming out of the pandemic.
And after they printed a lot of money and they gave it to the people.
Yes, people had that money and they put it in the bank.
But that's a band-aid fix.
That wasn't going to last.
And as inflation hit, what do you think people had to do?
They had to use their money in the savings.
So yes, if you go back to 2021, people had around, and this is in total, $6 billion in savings.
Fast forward to today in 2022, it's about $1 billion.
So are people feeling, wow, this economic recovery is fantastic, I have more in the savings?
No.
What about revolving consumer credit?
Why are people using their credit cards more and more now?
Well, think of inflation.
Think of higher fuel costs.
Think about people depleting their savings.
Now they're going to revert to what?
Credit cards.
So now we went from the annual change revolving consumer credit.
That was about 5% on average between 2018 to 2020.
In 2020 to 2021, the Revolving consumer credit dropped to negative 10%.
Now, in 2022, it shot up to over 10%.
Let's talk about protecting your wealth.
With inflation now at 8.5% and maybe even higher, don't you think you need to be smarter with your money?
You need it to grow, not shrink.
You need financial freedom, not debt.
Start a global IRA with Noble Gold now and you'll be safe.
And this month for every cash deal about 20,000, you'll get an incredible three ounce silver American virtue coin completely free as a thank you.
You can't go wrong with Noble Gold.
Call them at 877-646-5347.
That's 877-646-5347 or go to noblegoldinvestments.com or click the link in the description.
That tells you everything you need to do.
So in summary, we have falling consumer sentiment.
People are feeling squeezed, crushing inflation, declining real wages, savings are being drawn down rapidly.
Credit card usage is soaring.
Mortgage cash out refinancing is not economical.
Fiscal stimulus is unlikely.
And the whole thing is falling apart.
Peter Schiff put this out on Twitter.
He said the following.
Credit card debt soared by 17.8 billion in April, the second highest amount ever.
The highest was March.
When it soared by a staggering 25.6 billion, consumers are completely tapped out.
They're using their credit cards to buy food and pay for other essentials.
And Biden, he's continually telling us how great the economy is.
You put this tweet out there.
The fact is America is in a stronger economic position today than just about any other country in the world.
Independent experts have even projected the U.S. economy could grow faster than China's economy this year.
This hasn't happened since 1976.
It's funny.
Independent experts.
Weren't these the same independent experts that told us that inflation really didn't exist?
That it's going to be OK?
Hmm.
That's interesting.
Herschel Walker responded to Biden and said the following.
Gas is unaffordable.
Groceries are too expensive.
And moms can't buy baby formula.
With all due respect, Mr.
President, what strong economy are you referring to?
Absolutely.
What economy is he referring to?
Because every stat that we look at, it's completely the opposite of what he's telling people.
And actually, the people don't even need the stats because they feel it.
They know that fuel prices are going up.
The everyday person realizes when I go to the fuel pump, okay, yesterday was $80.
Today was $88 to fill up my car.
Nobody needs to tell them.
They know this.
When they go to the supermarket and they say, okay, last week I bought the same exact things.
My food bill was $100.
This week I go to the store, it's $115.
I bought the same exact things.
So people know exactly what's going on.
They don't need to know the percentage of inflation.
They feel it.
They experience it.
They know it.
But we could see that this has been planned from the very beginning.
We know who's responsible for all this.
Biden, the puppet masters, the central bank, the World Economic Forum, they all caused this to happen.
This just didn't happen on its own.
And people realize that, too.
They know who's accountable.
And you could see all the corrupt politicians.
They're trying to convince people this is why you need to go green.
This is why you need to buy an electric vehicle.
We have Senator Debbie Stabenow right now out there.
She's from Michigan.
And this is what she said.
Greg Price put this out.
On the issue of gas prices, I drove my electric vehicle from Michigan to here last weekend and went by every gas station and it didn't matter how high it was.
So let's say she went from Michigan to D.C. That's what, 790 miles or something like that?
How far does an electric car get you?
Like, what, 350, 400 miles or so?
She had to stop at a charging station.
She had to charge up.
How long did that take her?
Did it take 5 minutes, 10 minutes, maybe an hour?
So she had to stop.
What created the electricity that she was using?
Oh, so she was using coal or natural gas or oil to charge the car.
And then let's think about what's going to happen this summer.
Remember, they've been reporting on it.
And if we see this, it's going to be a little tough for her.
Weren't they talking about rolling blackouts in the Midwest and moving West?
So if she's going to travel anywhere and there's a blackout in that area, How is she going to charge the car?
What is she going to do?
Oh, I know what she can do.
She can put a gas generator in the trunk, fill it up with gas, just in case she breaks down and there's a rolling blackout, she can charge her car.
Does this make any sense?
No, it doesn't.
And think about what it took to create these batteries.
And after the batteries are done, what do you do with them?
Think about that.
But you could see their plan right now.
Their plan is to try to convince people.
But people aren't buying this.
I mean, they're telling us, hey, just go out and buy an electric vehicle.
What's the average price of an electric vehicle?
$50,000, $55,000, $60,000?
So if you're in a car that's $15,000 or $20,000 and you need to buy an electric vehicle, what are your payments going to be?
Does it bring you back to exactly where you are today with fuel?
Maybe even worse.
So their entire push isn't making sense to we the people.
Plus, the people already know they caused the problem.
And they're trying to usher in this solution that makes no sense to we the people.
And we could see that everything is breaking down around them.
A lot faster than they ever expected.
And I do believe this is being done on purpose.
The World Bank right now is signaling, yeah, we're going to be in a global recession.
And like I said before, the patriots, they needed this accelerated.
They needed people to see this firsthand.
They needed them to experience it as we go through this.
It couldn't be spread out over 10, 15, 20 years.
Because this way, they can explain it away.
They can say, oh yeah, that's why.
Because, you know, it's a pandemic.
We had to shut down the economy.
Or there was a war.
See, now it's happening so quickly.
In the span of what?
a year and a half, they can't explain it away.
The people are no longer believing what they're telling them.
And as this continues and they see the people, the corrupt politicians, the deep state players, the private central bank, the puppet masters, they see them doing absolutely nothing.
They realize who's responsible for all of this.
You have to remember the deep state players, the private central bank, the corrupt politicians, they create problems and then they create the solutions where they want to bring you.
They created the problem with 9-11 and everything else and then they wanted to create a solution where they were able to remove your rights and they were able to search you in airports.
This is what they do.
This is what the Central Bank does.
How do you think the Central Bank came into existence?
They crashed the economy.
And they said, listen, you know what we can do?
So the economy doesn't crash like this.
We can stabilize it.
So you don't have to go through that anymore.
What's happened since they came into power?
We've had recession, depressions.
We've seen it all.
They haven't stabilized anything.
Actually, look where we are today.
Look at the debt.
Look where we are with everything.
And people are realizing this.
When this is all said and done, the puppet masters, the private Western Central Bank, They're going to be finished.
There's no coming back from this.
They're going to be done.
And they're not controlling it.
They're not controlling where we're headed.
The people are.
And the people, yeah, 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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