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Aug. 1, 2022 - X22 Report
16:21
Ep. 2839a - The World Is Transitioning Economically But Not The Way Everyone Thinks, Keep Watching
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*Mario's music*
Hi and welcome.
You're listening to the X22 Report.
My name is Dave and this is episode 2,839 AM. Today's date is August 1st, 2022.
And the thought of the episode is The World is Transitioning Economically But Not The Way Everyone Thinks.
Keep watching.
Now let's talk about protecting our wealth.
Now, Bank of America has just lowered its 2022 forecast for the S&P 500 by whopping 900 points to 3,600, saying that we're in a recession this year.
It said the new year end target is the lowest on the street.
This isn't good news for those of you stuck in equities or anything tied to the stock markets.
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Let's get into the economic collapse financial news.
Now the Deep State, the corrupt politicians, World Economic Forum, the Central Bank...
From the very beginning, the people are now learning that they have lied and they continue to lie about what is happening in the economy, what's happening around the world.
And their green new agenda is completely falling apart and the people are no longer buying what they're selling.
Actually, the people really don't even care that much anymore.
And if you go back in time, you can see the lies that they have told and all the predictions that they made.
None of them have come true.
Let's go back to 1995.
In the New York Times, they reported that in 25 years that the beaches in the U.S. on the East Coast would no longer be visible.
They'd be underwater due to global warming.
We're in the year 2022 right now.
It's a long time.
And what do we see?
We see the beaches are exactly the same.
The beaches are not overrun by water.
They're not underwater.
California hasn't sunk.
Florida hasn't sunk.
And when you start to look at the beaches from 1995, and you look at a satellite picture from 2000, a satellite picture from 2010, a satellite picture from 2021, they look exactly the same.
Absolutely no difference.
And if you go back in time, you can see they were telling us there was going to be no snow by the year 2000.
The polar ice caps were going to completely melt.
And there'd be no more polar ice caps.
Everything that they predicted has not come true.
And I do believe the people now are seeing this firsthand and they're starting to realize this.
Now, what's very interesting about Senator Joe Manchin, it seems that Bill Gates and other radicals pressed Joe Manchin to vote for Biden's behemoth climate change bill.
Now, I wonder what they have on them because you just don't fold just because you have someone come up to you and They give you a speech or they tell you, hey, come on, let's do it.
They must have something on Joe Manchin for him to flip like this.
And we'll have to wait to see how this plays out.
But what's very interesting...
Is that this climate change bill, the Inflation Act, this will completely destroy this country.
And I do believe Trump and the Patriots, they actually know this.
They know everything that they're going to do right now, everything that they're going to put into place.
The people are going to see this and they're going to see the entire country, economically, completely implode on itself.
And yes, the people that are going to say, okay, we know exactly who did this.
It's not Trump.
It's not someone else on this side.
It's these people.
It's the private Western Central Bank.
It's the puppet masters in the basement.
It's the World Economic Forum.
And people are going to see this very, very clearly.
Now, what's very interesting is we can see out in Ukraine, 26,000 tons of corn.
This is the first Ukrainian grain ship, and it has left the port.
And yes, this is heading into different areas.
And we can see that this is something the deep state players do not want.
This is something the World Economic Forum does not want.
They don't want this food getting out to different countries.
And I do believe that this is headed towards Lebanon and Mideast nations that are having a very difficult time right now.
Now remember, the deep state players, the private West Central Bank, the World Economic Forum, what they really want is they want food shortages.
This is why they keep trying to shut down the port in Ukraine.
They don't want...
Ships sailing to different countries where there's grain on board.
Think about what's happening in this country.
We can see that they're pushing their agenda here.
And Hershey's has already warned that there's going to be a shortage of chocolate for Halloween.
And I do believe this is exactly what they've been doing from the very beginning.
Every time there's a happy occasion or there's a holiday, they always want to make it awful for we the people.
They want people to feel depressed.
They want people to be upset.
Think about the pandemic when they kept telling you, oh, you can have one person or maybe you can have your holiday over Zoom.
This is what they like to do.
But are people going to go along with this?
Are people going to say, oh, okay, we're not going to have Halloween.
We're not going to have the holidays.
I don't believe that this is going to happen.
I believe everything that they're trying to do right now is completely failing.
Just like them trying to convince us that there was never inflation, just like they're trying to convince us that, hey, the recession is not really a recession.
Everything that they're trying to push on we the people, it is backfiring on them.
And it's getting harder and harder for them.
Now, what's very interesting is we can see that the economy right now, because of inflation, because of the recession that we're in, We're going to see corporations start to lay off.
And actually, Amazon, they have revealed that it is now hiring at the slowest pace since 2019 and has cut over 100,000 employees globally in the June quarter.
Now, this is very interesting because we've seen other companies start to lay off.
We see Google, Perrin, Alphabet Inc., They are laying off.
We're seeing Apple is slowing its hiring this year.
Coinbase is cutting its staff by 18%.
Microsoft has announced a hiring slowdown.
Netflix has cut at least 500 employees recently.
Pelton is firing over 2,800 workers.
Online brokerage Robinhood terminated about 9% of the workforce in April.
Twitter cut about 30 percent of its talent acquisition team this past month.
And there are many other companies that are starting to do this because we are headed into something that's worse than a recession.
Actually, Trump has been telling us this.
We're heading into a transitional period where we're going to be moving out of the private Western Central Bank system into a completely different system.
Now, the Federal Reserve, it seems that they don't really care that much about the recession.
Now, we can tell that they don't really care about the recession, just like the Biden administration doesn't care about the recession.
The puppet masters are well economic form.
They don't care about the recession because remember, this is a controlled demolition of the economy.
And as we move forward, what is the Federal Reserve's biggest concern?
It is going to be inflation because with inflation, people can see the value of their currency and they're struggling now just to keep it under control.
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And it's not going to work.
Actually, I do believe inflation is going to get worse and worse.
And as it gets worse and worse, it means the value of the currency is devaluing and people are going to take notice and understand, hey, this currency is worth absolutely nothing.
What is going on here?
Cash carry from the Fed said the following.
So far, inflation continues to surprise us to the upside.
They are panicking over inflation.
I remember Trump saying inflation is going to destroy the economy.
No, it's going to destroy the private Western Central Bank system.
That's what it's going to do.
Now, we know that Biden said, okay, there was no inflation.
We know the Fed, Treasury Secretary Janet Yellen said, okay, it's transitory.
Then they admitted, okay, there is inflation.
So this is why Biden had to come up with his Inflation Reduction Act, which is really not an Inflation Reduction Act.
It's always the opposite of what that is.
And Bloomberg came out and said the following, Inflation Reduction Act has little inflation help, UPenn study says.
So right there, they're telling you that this is not going to stop inflation.
Well, I think we all know this.
This is going to actually add to the problem.
And I do believe that Trump and the Patriots, they know that this is exactly what the Biden administration was going to do, what Obama was going to do in the basement, what the central bankers were going to do with the World Economic Forum, because you know their playbook.
You know they're trying to bring us into the Great Reset, the Green New Deal.
And you know they're going to destroy their own system.
They're going to destroy their own system to try to bring us into the Great Reset.
Now, again, Everything has been accelerated.
They never expected all this to happen so quickly.
And they're trying to get control over it, but they're failing.
And as they fail, the people learn the truth and people can see, hey, what are these people doing?
It's just like this whole inflation act.
This is not going to stop inflation.
Plus, it's raising taxes.
Actually, Biden put this tweet out.
Actually, it wasn't really him.
Someone else typed for him.
But it says, Now, what's funny, he said this is an inflation reduction act.
How come he doesn't mention inflation?
How is he going to reduce inflation?
He doesn't even mention that.
Isn't that interesting?
Plus, he lied about the taxes.
Greg Price responded to this and said the following.
Literally, everyone making over $30,000 will have their taxes increased and 50% of tax increases in the bill would come from people making less than $400,000 per year.
This guy is a liar and is intentionally making life worse for us.
And that's exactly what's happening.
Add in inflation, add in high fuel costs.
Think about how the people are going to be affected by all of this.
They're going to hit the precipice.
Trump responded to all of this on True Social, and he said the following.
Big tax increase for all Americans being pushed by Democrats.
This is the opposite of the Biden pledge, and it is the complete opposite of what he said.
Now people are seeing all the lies.
You don't have to wait ten years, eight years, nine years.
You're seeing the lies within two years.
And people can see this very, very clearly.
And as time goes on and inflation continues on, which means it's a devaluation of the currency, what is going to happen?
People are going to decide, hey, should I stay with fiat or should I move my currency right now into either gold and silver, into Bitcoin, or into both, or any other type of stablecoin?
Now, let's think about this for a second.
At what point do people do this?
And at what point do corporation stores start to say, you know something?
We're going to be accepting Bitcoin.
Is it when food is $500 and you paid $100 last week?
Is it when food is $1,000?
When fuel prices are $12, $20 a gallon?
At some point, people are going to say, all right, enough is enough.
I can see the value of the currency declining.
I mean, everyone goes, oh, look, Bitcoin went down from $60,000 to $22,000 to $19,000 to $17,000 to back up to $23,000.
Think about the dollar since it came into existence, and especially from 1971 when we came off the gold center.
It has lost 97% of its value.
And remember, it takes 22,000 Federal Reserve notes to buy one Bitcoin.
And yes, it might be 23,000 now.
It takes 1,700 and change Federal Reserve notes to buy one ounce of gold.
And remember, gold has been suppressed.
I do believe gold should be pretty much where Bitcoin is.
And people say, well, that's I don't want to put my money into gold.
I don't want to put my money into Bitcoin.
Actually, you're not putting it into it.
You're actually trading it in for actual sound money, something that the central bank doesn't control.
And the people that are holding on to their fiat currency like it's Gold or Bitcoin.
Think about it.
It's continually losing value every single day.
And as it loses value, it takes more and more of those pieces of paper or those little blips to transition into gold, into silver, into Bitcoin.
So at what stage do people say, okay, enough is enough?
Do they wait for companies to say, okay, we're accepting Bitcoin?
No.
Do they wait for stores to accept Bitcoin?
Well, I do believe that this is already begun.
Coming out of Deloitte& Touche, and actually CNBC picked up the story, nearly 75% of retailers plan to accept cryptocurrency payments within the next two years.
So Deloitte pulled a sample of 2,000 senior executives from the retail industry who represent a range of subsectors, including cosmetics, electronics, fashion, transportation, food, and beverage.
And they said, yes, we're going to be accepting cryptocurrency.
Now, that is very interesting.
So if they're going to be accepting cryptocurrency, these same...
Retailers will probably pay people in cryptocurrency.
The transition has already started.
As inflation picks up and the value of the currency devalues, people are going to make decisions.
Actually, corporations, stores, they're going to have to make the decision.
The central bank system, their central bank digital currency...
That has already failed.
The people are not going to be going in that direction.
The people have seen the lies.
The people see what exactly is going on.
And I do believe, like Trump said, that something else is coming, which is a lot worse than a recession.
This is going to bring us into a crisis.
The crisis is going to allow people to say, what happened here?
Why did we end up like this?
Who's responsible?
How come the Fed couldn't control inflation?
How come the Fed, by raising the rates, destroyed the system?
What is going on here?
And I do believe using this crisis, people are going to start to poke around and look and most likely pass some laws that say, you know something, we need some type of audit, like a forensic audit, to see exactly what's going on here.
And yes, we might have them vote to say we no longer need the Federal Reserve.
And I do believe that this crisis is going to allow the patriots to do this.
And I do believe we're heading in this direction already.
Listen, everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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