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Aug. 5, 2022 - X22 Report
16:06
Ep. 2843a - The Economic Narrative Is Going To Collapse Around The [DS]/[CB], Tick Tock
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Hi, and welcome.
You're listening to the X22 Report.
My name is Dave, and this is episode 2,843, and today's date is August 5th, 2022, and the title of the episode is The Economic Narrative is Going to Collapse Around the Deep State Central Bank.
Tick-tock.
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, the private Western Central Bank, the World Economic Forum, as they push their Green New Deal, their Great Reset, the people of this country and the people around the world, they're going to see very, very clearly that their entire plan...
Does not help the population of this planet.
And that we've been lied to from the very, very beginning.
And why is this all being allowed?
It's all being allowed because...
Sometimes the people must see the truth.
Sometimes you just can't tell the people.
You actually have to see it firsthand.
And yes, it sounds incredible when they tell you, oh, this world's going to be incredible, green new energy, this inflation bill is going to stop inflation.
The Affordable Care Act is going to help you with health insurance.
The Patriot Act is going to help you and keep everything safe.
But it's always the opposite of everything that they're telling you.
And the only way to convince people is to actually show them.
And this is why this is all playing out right now.
And as people see more and more of this, this doesn't help the Central Bank.
It doesn't help the World Economic Forum.
It actually destroys them because as the people see more of it, The people get very angry and upset at what they're doing.
And they can see that, hey, you told us one thing, but the other thing is happening.
Now, think about what's happening right now with Sinema and Manchin.
They decided, okay, we're going to go along with this new spending bill.
And it seems that they're signing on to this.
Now, the Inflation Reduction Act, the green energy, do you really think this is going to actually stop inflation and we're going to have this incredible planet without pollution?
This is not what they want.
They don't even care about that.
This is about pushing their agenda.
Control, control, control.
And as people see this, people are going to start to see the truth.
And as people see the truth, they're going to start to realize that these people are liars.
Don Jr.
put this out on Twitter and he said the following...
To every energy worker in West Virginia, let it be known that Senator Joe Manchin is about to increase taxes on your industry that keeps our economy running so that liberal Democrats can fund green energy nonsense that will destroy our country and put you out of business.
Absolutely.
And how do we know that these people have been lying to us from the very, very beginning?
Because when you go back in time, and remember, everything they told us, everything that was in print, Every speech they gave, well, it comes back to haunt them because now we're in the future.
Now, what they told us back in the 70s, the 80s, the 90s, now we can see that they have lied to us from the very, very beginning.
And we've been talking about this quite a bit.
And we've been going back in time showing that they do lie.
Jake on True Social put this out and said...
Anything the New World Order does for your safety comes at a cost of your freedoms, and they will go to the end of the earth to get them, PSYOPs, Warfare Division, all the above.
The beauty is that we are in control, and...
Jake points to this article and it says UN predicts disaster if global warming not checked.
Now this article was back in 1989 and they told us if we didn't do anything the earth was going to be destroyed.
Nations would sink.
And this is what the article says.
Entire nations could be wiped off the face of the earth by rising sea levels if the global warming trend is not reversed by the year 2000.
They are still saying the same exact thing.
Has that come true?
Actually, has anything that they said come true?
They also told us that we won't see snow anymore.
That was going to be a thing of the past.
They told us that the polar ice caps were going to completely melt This is all fake, phony and false.
And I do believe that people are now seeing this and they're starting to say, you know something?
We don't believe in this.
This is why the climate agenda, this is why the people don't care about it.
Yes, the fake news is reporting on it.
Yes, the Biden administration, this is what they're pushing and this is why they're continually spending money because this was part of their plan from the very, very beginning, but it's completely falling apart.
Now, the other thing that's very interesting is that the job numbers came out, and the Biden administration is using these job numbers to make it seem like we're not in a recession.
And remember, the job numbers really don't show the entire picture.
And we're going to delve a little bit into these job numbers and show you that what they're saying isn't actually true.
But let's just look at Canada right now, because Canada's economies, they lost about 30,000 jobs in July.
And it's the second month in a row of lost jobs coming on the heels of 43,000 job loss in June.
And it doesn't look good for them.
So here in the United States, we have the resident letting everyone know that the jobs report came out.
And this is what he said in the tweet.
And he didn't type this, by the way.
This is someone else typing it.
Today's jobs report shows the economy added 528,000 jobs in July.
More people are working than at any point in American history.
That's no accident.
It's a result.
Well, RNC Research responded to this and said the following.
There's a reason 64% of Americans say their financial situation is getting worse.
We are in a real wages recession.
And today's jobs report shows the Great American Pay Cut continues.
So when you look at wages and then you look at inflation, wages are going in the opposite direction.
This is not 1971 when we came off the gold standard.
This is the end of their system.
And we said this from the very beginning.
Wages are going to fall.
Inflation is going to pick up.
Wages are going to go in the opposite direction and that's exactly what we are seeing right now.
So when you start to look at these job numbers where they're telling us that 528,000 jobs were added, let's talk about protecting our wealth.
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Well, were they really added?
Well, they're trying to tell us that the unemployment rate is now, you know, 3.5% from 3.6%.
But let's look at the participation rate.
The participation rate is at 62.1% in July from 62.2% at June.
This is still far below the 63.4% labor force participation rate in February of 2020, which translates to millions fewer people who would otherwise be working today compared to before the COVID-19 pandemic.
So let's think about this for a second.
The participation rate, keep that in mind.
Now, credit card balances, they grew by 46 billion in the second quarter of 2022.
And we're seeing a 5.5% spike from the first quarter, which means wages are going down, people can't afford stuff, and they're now using credit.
So what does the participation rate actually mean?
Well, Peter Schiff on Twitter explains the gain of 528,000 jobs in July as the labor force participation rate fell to 62.1 means that most of the new jobs went to people who already had jobs.
Collapsing real wages forced many workers to moonlight to pay the bills.
If the labor market were strong, one job would be enough.
So this is already the same people that have jobs, but now maybe they're getting a second job because they can't pay their bills.
This doesn't mean that the employment is incredible right now.
It means things are breaking down.
The other thing that's very important, and this is coming from Kokomo Joe, It says the job market and the unemployment rate are major lagging indicators of a recession.
Not only are we in a recession, but we're heading for a depression.
33% of small businesses can't pay their rent.
Do you know what that means?
Rich Barris, the People's Pundit, responded to this and said the following.
This is exactly right.
Basic economics are not being discussed by big media because, well, they lie.
Labor market data are lagging economic indicators, which means they follow the other indicators that suggest we are in a recession, not lead them.
But again, they know this.
Of course they do.
They don't want people to know this.
And really think about what is happening.
They're trying to prop this up and trying to make people think by telling everyone, hey, just look at the job market.
Just look at the job market.
which is absolutely ridiculous because when people can't make ends meet and Inflation is picking up and their wages are going down.
What do people have to do?
They have to take other work so they can make ends meet and that's what we're seeing right now but this is going to fall apart because when we start to see other Corporations start to lay off people all of a sudden we're going to see that we're in a major problem Now, we probably won't see this until maybe around the midterm period of time or maybe right after, because remember, it's a lagging indicator.
So we're going to see people take other jobs.
We're going to start to see all of this, but the participation rate is going to continually drop.
And they're hoping that they can hold this together until the midterms.
Actually, once or if they pass this stimulus bill, this is just going to accelerate everything.
Forget about a recession.
This is going to bring us into a depression.
But think about what's happening right now.
Everything that they do and everything that they say is going to backfire on them.
And yes, the patriots, Trump and the patriots, they know the playbook.
I mean, think about what they're telling everyone.
They keep putting it out into the public realm.
The fake news is continually putting it out.
Ooh, the Inflation Reduction Act.
I mean, as they name these things, these ridiculous names, which actually the opposite is going to happen, the people are going to go, well, wait a minute.
I thought this was to reduce inflation.
Why is inflation now double what it was when you introduced this?
You see, this is...
This is going to show everyone the absolute truth and it's going to show everyone who the liars are.
And that's what people are going to see.
Mike Pompeo put this out on Twitter and said the following.
Six things Joe Biden has done to lower inflation.
Kill Keystone XL. Regulate oil and gas out of business.
Raise your taxes.
Send China 4 million barrels of American oil.
Waste billions on green projects that crush the middle class.
Claim 1 to 5 aren't his fault.
Which tells you, since Mike Pompeo is saying this, it tells you everything you need to know.
That people know...
What Biden has been doing, what Obama has been doing, what the World Economic Forum has been doing.
This is not naturally occurring.
We're not in a recession because, oh, something happened in the economy.
It's naturally occurring.
This was created and they're the ones who caused this to happen.
Now, with these other bills, this is going to accelerate the inflation.
It's going to accelerate all of this.
And people are going to start to realize this is a lot worse than a recession.
Actually, didn't Trump tell us that?
Forget about a recession.
That's the nice word.
We're heading into a depression.
Now, remember, all this can be reversed because think about what Joe Biden has done.
He actually put these into place.
Now, didn't Trump have the economy running smoothly?
Weren't we energy independent?
And that's very important.
Think about all the things that Biden has done.
All he did was reverse everything that Trump did.
Can Trump then go ahead and reverse everything that Biden did?
Absolutely.
Now, is everything going to be fixed with a snap of a finger?
No, it won't.
But he can reverse it and take the economy to where we need to go.
Now, do I think this will be accelerated if we get rid of the private was a central bank and we create our own currency or we use a system where the central bank is not loaning us currency?
Absolutely.
I think the economy would bounce back like we've never seen before.
And I do believe that's what this is all about.
As the economy completely falls apart, as people see this and they know who's accountable, Trump, the Patriots, they can do amazing things.
And I do believe we're going to see those amazing things happen soon.
Once the people reach that economic precipice and they say enough is enough.
Remember, yes, you might know this, but think about all the people that are still saying everything's still fine.
It's okay.
You see, everyone reaches a certain point at a different time.
And as each person reaches this point, they say enough is enough.
Soon, once we enter this recession, a deep recession and a depression with high inflation, This is going to really wake up people that aren't awake right now, and it's going to bring them to the precipice, and they will not be able to take it anymore.
And yes, as soon as this happens, as soon as the midterms are won, What's going to happen?
The patriots are going to step in.
And the patriots are going to start to investigate the Federal Reserve, everything the Biden administration's been doing, and people are going to start to learn, hey, they were doing all this not for us, but for them.
Where was all the money going?
What was the Federal Reserve doing?
Yes, this is all going to come back to hit them square between the eyes.
And there will be no escape from this.
And everyone will know.
And then the patriots are going to take us in a completely different direction.
And the people, as they hit that economic precipice, they're going to say, yes, we need to go away from the central bank.
We need to go away from the World Economic Forum.
We need to go away from all of this.
And we're heading in that direction.
Listen everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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