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June 15, 2022 - X22 Report
24:57
Ep. 2800a - Trump Was Right Again, Hold The Economic Line, It’s Going To Be Glorious
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Hi and welcome.
You're listening to the X22 Report.
My name is Dave in this episode 2800A and today's date is June 15th, 2022 and the title of the episode is Trump was right again.
Hold the economic line.
It's going to be glorious.
Let's Talk about protecting yourself.
Crime in LA is the worst it's been in decades and many residents are frightened for their safety.
A new report reveals a record 41% of LA residents are extremely worried about the crime happening in their area and they have the right to be concerned.
In just 2021 alone, homicides increased by a shocking 12%.
This isn't just an LA problem.
It's a nationwide plague.
Violent crimes like murder and robbery are spiking across the country.
Unfortunately, many cities like Los Angeles and New York don't let Let's
get into the economic collapse financial news.
Now, from the very beginning, we knew that the central bank eventually would have to be taken down.
We knew that the central bank system was going to collapse.
The Patriots knew it was going to collapse.
They knew the playbook of the World Economic Forum.
The private was the central bankers.
They knew they were going to collapse their own system if Trump was there or if he wasn't there.
Think about that for a second.
They were going to proceed no matter what.
Trump, the patriots, they're using this to their advantage.
They knew exactly what they were going to do.
Actually, we've been told what they were going to do.
We were told to be prepared for all of this.
And Trump, every single time now, it turns out that he is absolutely right.
Remember going back to 2018 during his speech at the UN General Assembly?
Trump warned the German politicians that they shouldn't be reliant on Russian energy.
And he said that if you are reliant on Russian energy, Russia might be able to control your country by limiting the gas flow to your country.
Now, the politicians at that time, they laughed.
But think about what's happening right now.
We see that Russia has announced that it would reduce natural gas flows through a key European pipeline by roughly 40% into Germany.
Once again, Trump was right again.
Take a listen to what he said back in 2018.
Germany will become totally dependent on Russian energy if it does not immediately change course.
Here in the Western Hemisphere, we are committed to maintaining our independence from the encroachment of expansionist foreign powers.
It has been the formal policy of our country since President And this is not the only thing that Trump was right about.
Trump was right about many other things.
Think about the fuel prices.
He let everyone know that, hey, if the resident is in power, the fuel prices are going to go up.
If the resident is in power, you're going to see inflation.
Actually, inflation, he told us right out, inflation is going to destroy the economy.
Inflation will destroy the fiat system, will destroy the central bank system.
That's what that means.
Why would he destroy the central bank system on his watch?
How would the optics look?
Having the stock market come down?
Having the entire system implode?
No, you do it while the deep state is in power.
Actually, are they really in power?
You do it while they're staying in the White House.
You do it while the puppet masters are trying to bring us into the Great Reset.
This is exactly what is happening right now.
And actually, their entire agenda, because they don't have a cover story, they don't have noise, they don't have chaos, they have absolutely nothing.
Everyone can see exactly what they're doing.
And as people see what they're doing, the people, they're going to come together under this economic umbrella.
Because everyone, even the fake news now, is calling out Biden.
And remember, he's just the front man.
This was all planned from the very beginning.
Trump, the patriots, wanted everyone to see exactly what their plan was.
And yes, they're moving forward with it, which is just going to get worse and worse for them.
Yes, we're going to go through pain, but people need to feel the pain to demand the change.
Otherwise, people wouldn't be paying attention.
You'd be going about your everyday life.
Instead, you're saying, okay, this is enough.
Gas prices are too high.
Inflation is just absolutely ridiculous.
And yes, this is going to lead to the central banks.
This is going to lead to the Fed.
That's the whole point of this, to bring down the entire corrupt system.
The corrupt system is not just a fuel politicians in D.C. It's not just Hillary and Obama.
The corruption started with the private Western Central Bank, then expanded from there.
That's how they get in.
This is about bringing down the entire corrupt system on top of them.
And the people will be watching this.
And the people, yes, they're going to say, we're not going along with their plans.
The people are going to say, we're done with you.
Now we can see how this is all imploding on the Biden administration.
Inside paper put this out and said, some Biden admin officials are now privately expressing concern that rather than dissuading Russia as intended, the sanctions are instead exacerbating inflation, worsening food insecurity, and punishing ordinary Russians more than Putin or his allies.
Think about what's happening right now.
And ever since Biden went ahead and placed sanctions on Russia, who's it affecting?
Is it affecting Russia?
Or is it affecting the people here in the United States?
Every policy that he pushes forward, and I'm talking about not just him, the puppet masters, the private West Central Bank, it affects we the people.
And people are seeing this.
And now there's no way out of this.
He's trapped, actually him, the private central bank, the Fed, they're all trapped in their agenda.
And there's no escape from this.
And the people are watching this very, very clearly.
Now they're trying to control it because they don't want people ganging up on them in the end.
Because you know what happens when people can't take it anymore.
They go after those individuals that cause the problem.
So Biden right now, he's going to release another 45 million barrels of crude oil from the Strategic Petroleum Reserve.
Remember, this is meant for war, an emergency, not because fuel prices are going up because of bad political decisions or they're following a certain agenda, which we know.
And this is going to remove more oil from our reserves.
Is this a good thing?
No, it's not a good thing.
And people are recognizing this.
But think about what he's trying to do right now.
He's trying to control this because they never expected the economy to accelerate like this and everything to actually implode on itself like this.
They never wanted this.
They wanted this drawn out over a long period of time.
They thought they were going to have 10, 13 years to draw this out.
But they don't.
Trump, the patriots, they sped this up.
So you, we, the people, can see this very, very clearly.
You don't have to ask a question about it.
You don't have to say, when is this going to happen?
It's happening right now, right in front of your face.
But think about what they're doing and how they manipulate Trump.
The entire situation.
Now, remember Biden, the puppet masters, they caused this.
They shut down the Keystone pipeline.
They went ahead and they placed more regulations.
They reneged on the lease deals.
They caused all of this.
And even with the sanctions on Russia, they're the ones who are causing the problem.
But Biden right now, he announced that he's going to use the emergency war powers to increase gas production in a letter to oil companies.
And he's warning the oil companies in his letter that at a time of war, refinery profit margins well above normal being passed directly onto American families are not acceptable.
So he caused the problem, and now he's trying to shift the blame onto the oil companies, saying, you're not doing enough, you're taking too much profit.
But he caused the problem.
Is this going to work?
No.
Is the blame on Putin working?
No.
No.
Is the blame on what's happening out in Ukraine working?
No.
None of it is working.
This is going to fail.
This is how they blame other things when they actually caused it.
But remember, this would work if they had a cover story.
This would work if we were in a war.
If we were in a global pandemic and everything was shut down, the global economy was shut down.
Yes, this most likely would have worked.
But Trump and the Patriots, they stripped them of all of this.
And now they're screwed.
And as the economy continually falls apart, which we're seeing it right in front of our eyes, they're going to have a lot of trouble right now.
Homebuilder sentiment, it's tumbling back below pre-COVID levels.
Everything that they're doing, even the Fed, everything that the Fed is doing is making the economy worse and worse every single day.
Retail sales.
Remember, in the beginning, Biden was out there saying, look, retail sales are up.
See, everyone had saved.
No.
What happened was everyone was home.
You gave everyone a stimulus check.
People didn't go to work.
So instead of using that money for travel and things, they put it in the bank.
Now, with inflation and high fuel costs, they're depleting their savings, going to credit cards once again.
And retail sales, they are being hit right now.
And we're seeing that the May retail sales...
They plunged by 0.3%.
Auto sales dropped by 3.5% in May.
And gas stations, they rose by 4%.
Now, why would that be?
People getting more gas?
No.
It's reflecting the higher fuel prices back in May.
And actually, you're going to see fuel prices continually to move up.
So the economy is falling apart.
The people are seeing this.
People understand that inflation is not good.
And the Atlanta Fed right now just let us know that we had to revise our forecast for the second quarter, and the GDP is now going to be zero.
So basically, technically, we are now confirming that we are going to be in a recession.
That's what's happening right now.
So the recession, which Trump actually mentioned, We played the video clip just the other day.
Would you like to call it a recession or depression?
So basically, Trump and the Patriots, they allowed all of this to happen under the resident's watch because the optics have to look really good.
Let's talk about protecting yourself.
Crime in L.A. is the worst it's been in decades, and many residents are frightened for their safety.
New reports reveal a record 41% of L.A. residents are extremely worried about the crime happening in their area, and they have a right to be concerned.
In just 2021 alone, homicides increased by a shocking 12%.
This isn't just an L.A. problem.
It's a nationwide plague.
Violent crime like murder and robbery are spiking across the country.
Unfortunately, many cities like Los Angeles and New York don't let residents carry guns, even if they have clean criminal background checks.
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Now everything's falling apart under them.
It's been accelerated.
The central bank now is exposed and people can see this very clearly.
Actually, the Fed, they decided to raise rates by 75 basis points, the most in 28 years.
Now, like I said, we're at the end of their system.
This is not back in 1971 when we came off the gold standard when we had a little bit of debt.
We're not back in that time.
Now we're at a time where we have trillions and trillions worth of debt.
Rates were at zero.
Now they're trying to push it up.
What is this going to affect?
It's going to affect a lot of different things.
And actually, the Fed chair, he's warning everyone.
Inflation remains elevated, reflecting supply demand imbalances related to the pandemic, higher energy prices, and broader price pressures.
And the Fed went on to blame the invasion of Ukraine, of course, because they don't want to take the blame.
But we know the truth of the matter.
And now they're on the hot seat.
And the Fed chair said there were no signs that monthly inflation was flattening or starting to fall.
And that the strong action was warranted.
The move was part of the soft landing Powell and his peers are attempting to manufacture as the economic conditions of the country continue to trend towards a recession.
He's not going to be able to bring the inflation down because as the inflation continually rises and rises and rises, what does he have to do with the interest rates?
He has to bring them up.
It has to be over what the inflation rate is.
So is he prepared to go to 10%, 15%, 20%?
Absolutely not.
But what he's doing right now is going to destroy the entire thing.
Remember, Trump said inflation is going to destroy the economy.
It's going to destroy the central bank economy.
It's going to destroy the fiat system.
And yes, as we move forward and as this continues on, people are going to recognize this.
Actually, there are certain individuals that are saying the quiet part out loud right now about what the central bank actually does.
Actually, Phil Kirpin on Twitter put this out and says, how's this going?
Democrat House Budget Chairman John Yarmuth, we don't have to balance our checkbook.
We are like the banker in Monopoly.
We create the money and hand out the money.
Everybody else plays the game with it.
Think about what he's saying right now.
Can you imagine in your own household just saying, yeah, we don't balance our checkbook.
We don't check our finances.
We just hand out money and we just create more of it.
Think about that for a second.
And everyone's worried about gold.
Everyone's worried about cryptocurrency.
Remember, leading up to the entire destruction of the central bank system, they're not going to allow alternative currencies to flourish.
Because if they did, let's use an example right now.
As the entire system falls apart and you see inflation moving up, and you had cryptos at 90,000 right now and gold at, say, 5,000.
What would that trigger?
What would people see at this moment?
They would see that the fiat currency is becoming less and less value as time goes on.
Do they want that?
No.
Remember, their agenda is to bring us into the Great Reset, the Green New Deal.
They can't allow people to see this.
So what do they do?
They need to keep the alternative currencies from moving up.
And a lot of times they need to suppress it to make you think that, oh, wait, don't go into that alternative currency.
Look, it's crashing.
They've done this over and over again as the system is coming down.
They make sure that people don't look at gold, don't look at silver and now cryptocurrency.
Actually, Cognitive Carbon on Substack put out a very interesting article in Let me just read it to you.
And it's about cryptocurrencies.
It says, Let's take a fresh look at this.
We have been conditioned, note carefully my use of that word, to believe that a successful investment looks like this.
You save dollars that you've earned by working.
That is, you postpone your enjoyment and that excess wealth from your labor by saving it for the future instead of spending it now.
Savings is a form of delayed gratification.
You buy a thing, an asset, as an investment using these saved dollars at some initial price.
You park your excess wealth savings in this investment.
You hope that in the future, the price in dollars of the thing you bought will be higher than it is now.
Appreciate in value so that you'll make money.
You'll sell the investment sometime in the future at a higher price, receiving more dollars back, and you are happy.
That's how we all think investment works, right?
Disregarding the question of whether more money actually buys more happiness...
But that's an entirely different topic.
Note my use of air quotes around the words above.
I use those to make you stop and think whether the words mean what you think they mean.
Obviously, if you put dollars in the cryptocurrency over the last year and you look at the market prices in dollars for your crypto wallet today, you may be rather unhappy right now because the dollar-denominated value of those cryptocurrencies looks a lot less than when you bought them.
Your perception is that you've lost money.
Well, that's only true if you sold the cryptocurrencies already.
That is, if you converted your investment back into dollars and got fewer dollars back.
They wanted you to experience emotional pain so that you would do precisely that.
But if you haven't sold, you haven't really lost anything, have you?
There is a set of fundamental assumptions that people make by viewing cryptocurrencies investments or any investments.
And this goes with gold and silver.
You assume that in the future, the goods that you want to purchase in exchange for your wealth still will still be priced in dollars and the asset that you invested in returned to you more dollars than you put in originally.
So you made money and that the dollars you get after selling the assets in the future will have at worst the same purchasing power in the future that they have today or best have more purchasing power than today.
Purchasing power means how many goods you can obtain in exchange for some fixed quantity of your money.
Can you buy more or fewer gallons of gas with that money?
Question, if cryptocurrencies fell by 30% in dollar terms recently, but inflation reduction in purchasing power is running at 10%, what is the real dollar denominated impact of the fall in price?
It's really not negative 30%, is it?
Have you stopped to think about it in this way?
For those of you who understand how inflation works, you realize that number three, inflation is a hidden tax.
Perhaps it is more properly described as an organized crime because it amounts to theft of your wealth, the theft of your deferred gratification of your excess labor, but a crime that most people simply accept through conditioning as normal.
What occurs when a currency like the dollar experience inflation is that the prices of things you used to be able to buy in dollar denomination terms are now higher, meaning you get fewer goods today with the same amount of dollars than before.
This also means that an hour of your time at work converts into fewer goods at the store now versus in the past.
You have to work hard.
It's harder to obtain less.
Take gas at $7 versus gas at $3, as an example, or any grocery item you can think of that has gone up in price lately during the Biden administration.
Here's the thing.
What happens to this point of view about cryptocurrencies if you kept your cryptocurrency investments intact and didn't sell them, but you simply stopped thinking about its value in dollar terms?
What shift occurs if you're thinking, if you're question all three of the key assumptions listed above?
In that case, perhaps you haven't lost anything at all.
As long as you haven't panicked and returned the cryptocurrency back to the market in exchange for a few dollars, then you bought it with.
Question everything.
Look very carefully where inflation is occurring, literally all over the world.
This all stems from a common cause, central banks and the Fed.
Absolutely.
And another example of you losing value in your currency, just go back to the thirties when gold was $35 an ounce and you take $35 of the paper currency, you put it in the ground.
And as time went on, Gold, you dig it up.
You dig up the paper currency.
Gold today is $1,800 and change.
What can you purchase with $1,800 and change?
Quite a bit.
You can then trade it in for what?
You can trade it in for paper currency if you wanted to, or you can keep it.
The paper currency that you buried at $35 is What is that worth?
Oh, the same $35.
Actually, it's worth less now because you were able to purchase a lot more back in the 30s compared to 2022.
And you can see the difference of how this criminal syndicate, the central bank, robs you of your wealth.
Those people who held on to the gold They maintain their wealth, even with the manipulation that was going on and still going on.
Those people that said, well, that's ridiculous.
I'm not going into that gold.
That's ridiculous.
I'm not going into that cryptocurrency.
I'm going to lose my shirt.
Well, the people that held on to the gold, they're laughing now saying, oh, wow, you held on to the $35.
And now what do you have?
You have less than actually when you started.
And I'm not talking about investments.
I'm just talking about currency.
I'm not saying, hey, I can take this and put it into this vehicle.
Because remember, from the 30s moving forward, there's many ups and downs.
You don't know if you're going to win, take things out because things are dropping.
I'm just talking about straight currency.
These are not investments.
It's currency.
And you can see the difference.
When this is all said and done, and the central bank system is collapsed, and the people say, you know something?
We're not moving with the World Economic Forum.
We're not going with the private central bank.
We're now going to create our own currency with no interest attached.
The world at this point is going to be so different.
It's going to be glorious because people are going to have a first-hand look at what it's like not to have a central bank involved in our economy.
And when people see this and people say, wow, look how much wealthier I am now.
Look, the currency is not devaluing.
Look how much more I'm making as I work.
I don't need to have two people working.
The only reason we have two people working in a household and we have all this credit is because the value of the currency is declining.
They had to make it up somehow, some way to convince you that everything is okay while you go into debt.
But in the end, when this is all wiped out and the entire system is destroyed, I'm talking about the private-west central bank system and a people system is developed, And the people use this system.
It's going to flourish like we've never seen before.
And people are going to say around the world, why did we ever allow the central bank to enslave us for so long?
And in the end, the people will make that final decision.
Listen, everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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